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Inventories (Tables) | 12 Months Ended
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Feb. 03, 2024
Inventory Disclosure [Abstract] |
Schedule of Inventory | The following table summarizes the details of the Company’s inventory for the periods presented:
(in millions) | February 3, 2024 |  | January 28, 2023
Raw materials | $ | 49.4 |  |  | $ | 89.2 |
Merchandise inventories | 1,887.2 |  |  | 2,061.1 |
Total inventories | $ | 1,936.6 |  |  | $ | 2,150.3 |
Schedule of Inventory Reserves | Inventory reserves
(in millions) | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Inventory reserve, beginning of period | $ | 27.7 |  |  | $ | 46.8 |  |  | $ | 52.9 |
Charged to income | 37.6 |  |  | 63.6 |  |  | 101.8 |
Utilization (1) | (48.6) |  |  | (82.7) |  |  | (107.9) |
Inventory reserve, end of period | $ | 16.7 |  |  | $ | 27.7 |  |  | $ | 46.8 |
(1) Includes the impact of foreign exchange translation, as well as $2.2 million in Fiscal 2022 utilized for inventory identified as part of the Company’s previously disclosed restructuring plan. As the plan was substantially completed in Fiscal 2021, there were no additional amounts utilized in Fiscal 2024 or Fiscal 2023.

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