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Leases (Tables)
 12 Months Ended
Feb. 03, 2024
Leases [Abstract]  
Schedule of Lease Term and Discount Rate
The weighted average lease term and discount rate for the Company’s outstanding operating leases were as follows:
February 3, 2024January 28, 2023
Weighted average remaining lease term7.0 years7.2 years
Weighted average discount rate6.1 %5.8 %
Schedule of Total Lease Costs For Operating Leases
Total lease costs consist of the following:
(in millions)Fiscal 2024Fiscal 2023Fiscal 2022
Operating lease cost$391.9 $399.1 $431.8 
Short-term lease cost47.9 47.4 11.5 
Variable lease cost108.9 119.7 127.0 
Sublease income(0.6)(1.5)(1.9)
Total lease cost$548.1 $564.7 $568.4 
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases consist of the following:
(in millions)Fiscal 2024Fiscal 2023Fiscal 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$438.0 $387.5 $479.6 
Operating lease right-of-use assets obtained in exchange for lease obligations (1)
235.2 191.5 168.8 
Reduction in the carrying amount of ROU assets (2)
316.5 331.2 351.7 
(1) Includes $39.1 million and $56.9 million of ROU assets acquired from Blue Nile in Fiscal 2023 and Diamonds Direct in Fiscal 2022, respectively, per Note 4.
(2) Excludes ROU asset impairment charges, net of $2.7 million, $18.4 million and ROU asset impairment gains of $0.1 million during Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively, as further described in Note 16.
Schedule of Future Minimum Operating Lease Payments
The future minimum operating lease commitments for operating leases having initial or non-cancelable terms in excess of one year are as follows:
(in millions)February 3, 2024
Fiscal 2025
$327.4 
Fiscal 2026
269.8 
Fiscal 2027
204.3 
Fiscal 2028
137.4 
Fiscal 2029
95.4 
Thereafter378.1 
Total minimum lease payments$1,412.4 
Less: Imputed interest(316.4)
Present value of lease liabilities$1,096.0