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Inventories | 12 Months Ended
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Feb. 03, 2024
Inventory Disclosure [Abstract] |
Inventories | Inventories 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 |
The Company held $530.3 million of consignment inventory at February 3, 2024 (January 28, 2023: $623.0 million), which is not recorded on the consolidated balance sheets. The principal terms of the consignment agreements, which can generally be terminated by either party, are such that the Company can return any or all of the inventory to the relevant suppliers without financial or commercial penalties and the supplier can adjust the inventory costs prior to sale. 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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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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