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Inventories | 12 Months Ended
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Feb. 01, 2025
Inventory Disclosure [Abstract] |
Inventories | Inventories The following table provides the components of the Company’s inventory as of February 1, 2025 and February 3, 2024:
(in millions) | February 1, 2025 |  | February 3, 2024
Raw materials | $ | 56.3 |  |  | $ | 49.4 |
Merchandise inventories | 1,881.0 |  |  | 1,887.2 |
Total inventories | $ | 1,937.3 |  |  | $ | 1,936.6 |
The Company held $601.5 million of consignment inventory at February 1, 2025 (February 3, 2024: $530.3 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 The following table provides the components of the Company’s inventory reserves for Fiscal 2025, Fiscal 2024 and Fiscal 2023:
(in millions) | Fiscal 2025 |  | Fiscal 2024 |  | Fiscal 2023
Inventory reserve, beginning of period | $ | 16.7 |  |  | $ | 27.7 |  |  | $ | 46.8 |
Charged to income | 51.8 |  |  | 37.6 |  |  | 63.6 |
Utilization (1) | (48.1) |  |  | (48.6) |  |  | (82.7) |
Inventory reserve, end of period | $ | 20.4 |  |  | $ | 16.7 |  |  | $ | 27.7 |
(1) Includes the impact of foreign exchange translation.

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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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