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Accrued expenses and other current liabilities | 12 Months Ended
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Feb. 03, 2024
Payables and Accruals [Abstract] |
Accrued expenses and other current liabilities | Accrued expenses and other current liabilities The following table summarizes the details of the Company’s accrued expenses and other current liabilities:
(in millions) | February 3, 2024 |  | January 28, 2023
Accrued compensation and benefits | $ | 80.6 |  |  | $ | 93.7 |
Accrued advertising | 67.3 |  |  | 39.7 |
Payroll and other taxes | 63.0 |  |  | 89.0 |
Accrued litigation charges (see Note 28) | — |  |  | 203.8 |
Other accrued expenses | 189.3 |  |  | 212.5 |
Total accrued expenses and other current liabilities | $ | 400.2 |  |  | $ | 638.7 |
Certain banners within the North America reportable segment provide a product lifetime diamond guarantee as long as six-month inspections are performed and certified by an authorized store representative. Provided the customer has complied with the six-month inspection policy, the Company will replace, at no cost to the customer, any stone that chips, breaks or is lost from its original setting during normal wear. Management estimates the warranty accrual based on the lag of actual claims experience and the costs of such claims, inclusive of labor and material. A similar product lifetime guarantee is also provided on color gemstones. The warranty reserve for diamond and gemstone guarantees, included in accrued expenses and other current liabilities and other liabilities - non-current, is as follows:
(in millions) | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Warranty reserve, beginning of period | $ | 40.8 |  |  | $ | 36.0 |  |  | $ | 37.3 |
Warranty expense | 14.9 |  |  | 16.2 |  |  | 8.7 |
Utilized (1) | (12.0) |  |  | (11.4) |  |  | (10.0) |
Warranty reserve, end of period | $ | 43.7 |  |  | $ | 40.8 |  |  | $ | 36.0 |
(1) Includes impact of foreign exchange translation.
(in millions) | February 3, 2024 |  | January 28, 2023
Disclosed as: |  |  |
Accrued expenses and other current liabilities | $ | 11.8 |  |  | $ | 11.3 |
Other liabilities - non-current (see Note 24) | 31.9 |  |  | 29.5 |
Total warranty reserve | $ | 43.7 |  |  | $ | 40.8 |

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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References No definition available. + Details
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