XML 55 R36.htm IDEA: XBRL DOCUMENT v3.25.1

Leases (Tables)

12 Months Ended

Feb. 01, 2025

Leases [Abstract]

Summary of Expense Categories and Cash Payments for Operating Leases, Average Remaining Lease Term and Discount Rate

The following table summarizes expense categories and cash payments for operating leases during the period. It also includes the total non-cash transaction activity for new operating lease ROU assets and related operating lease liabilities entered into during the period.

		Fiscal Years Ending
		February 1,			February 3,
(In thousands)		2025			2024
Lease costs
Operating lease costs		$	387,560		$	335,420
Variable lease costs			115,010			121,061
Short-term leases and other lease costs			2,281			45,411
Total lease costs		$	504,851		$	501,892
Other information
Cash paid for operating lease liability		$	(387,560	)	$	(403,355	)
New operating lease ROU assets entered into during the period		$	559,750		$	153,236

The following table contains the average remaining lease term and discount rate, weighted by outstanding operating lease liability as of the end of the period:

Lease term and discount rate		February 1, 2025
Weighted-average remaining lease term - operating leases		7 years
Weighted-average discount rate - operating leases		5.2%

Summary of Maturity Analysis of Operating Leases

The table below is a maturity analysis of the operating leases in effect as of the end of the period. Undiscounted cash flows for finance leases and short-term leases are not material for the periods reported and are excluded from the table below:

		Undiscounted cash flows
(In thousands)		February 1, 2025
Fiscal years:
2025			367,689
2026			338,191
2027			286,428
2028			244,557
2029			184,835
Thereafter			573,868
Total undiscounted cash flows		$	1,995,568
Less: discount on lease liability			(549,238	)
Total lease liability		$	1,446,330

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration