Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2025

Accounting Policies [Abstract]

Property and Equipment

Property and equipment is stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives of the assets:

Leasehold improvements	Shorter of estimated useful life or lease term (generally 5 – 22 years)
Fixtures and equipment	2 – 15 years
Buildings and building improvements	10 – 40 years
Capitalized software	2 – 10 years

Property and equipment consists of the following:

	As of
(In thousands)	February 2, 2025		January 28, 2024
Capitalized Software	$	956,596	$	1,048,023
Leasehold improvements	883,414		880,164
Fixtures and equipment	869,371		789,096
Land and buildings	180,074		181,089
Corporate systems projects in progress	43,158		31,739
Construction in progress 1	40,399		93,229
Total	2,973,012		3,023,340
Accumulated depreciation	(1,939,078)		(2,010,151)
Property and equipment, net	$	1,033,934	$	1,013,189

1Construction in progress primarily consists of corporate aircraft as well as leasehold improvements and fixtures and equipment related to new, expanded or remodeled stores, distribution centers and corporate facilities where construction had not been completed as of year-end.