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Accrued expenses and other current liabilities | 12 Months Ended
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Feb. 01, 2025
Payables and Accruals [Abstract] |
Accrued expenses and other current liabilities | Accrued expenses and other current liabilities The following table provides the components of the Company’s accrued expenses and other current liabilities as of February 1, 2025 and February 3, 2024:
(in millions) | February 1, 2025 |  | February 3, 2024
Accrued compensation and benefits | $ | 82.8 |  |  | $ | 80.6 |
Accrued advertising | 42.4 |  |  | 67.3 |
Payroll and other taxes | 60.7 |  |  | 63.0 |
Other accrued expenses | 180.9 |  |  | 189.3 |
Total accrued expenses and other current liabilities | $ | 366.8 |  |  | $ | 400.2 |
Certain brands 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. The Company 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 2025 |  | Fiscal 2024 |  | Fiscal 2023
Warranty reserve, beginning of period | $ | 43.7 |  |  | $ | 40.8 |  |  | $ | 36.0 |
Warranty expense | 5.8 |  |  | 14.9 |  |  | 16.2 |
Utilized (1) | (10.5) |  |  | (12.0) |  |  | (11.4) |
Warranty reserve, end of period | $ | 39.0 |  |  | $ | 43.7 |  |  | $ | 40.8 |
(1) Includes impact of foreign exchange translation.
(in millions) | February 1, 2025 |  | February 3, 2024
Disclosed as: |  |  |
Accrued expenses and other current liabilities | $ | 10.3 |  |  | $ | 11.8 |
Other liabilities - non-current (see Note 23) | 28.7 |  |  | 31.9 |
Total warranty reserve | $ | 39.0 |  |  | $ | 43.7 |

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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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1 + Details
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