Leases (Tables)

12 Months Ended

Jan. 31, 2026

Leases [Abstract]

Schedule of Net Operating Lease Costs

The following table presents net operating lease cost included in the Consolidated Statement of Earnings for fiscal 2025, 2024, and 2023:

($000)	2025		2024		2023
Operating lease cost1	$	843,374	$	800,834	$	760,268
Variable lease costs2	261,306		246,315		219,526
Net lease cost3	$	1,104,680	$	1,047,149	$	979,794
1 Net of sublease income which was immaterial.
2 Includes property and rent taxes, insurance, common area maintenance, percentage rent, and negotiated rent abatements.
3 Excludes short-term lease costs which were immaterial.

The weighted-average remaining lease term and the weighted-average discount rate for operating leases as of January 31, 2026 and February 1, 2025 are as follows:

	2025		2024
Weighted-average remaining lease term (years):
Including the long-term ground lease related to the New York buying office	9.4		9.6
Excluding the long-term ground lease related to the New York buying office	5.5		5.5
Weighted-average discount rate:
Including the long-term ground lease related to the New York buying office	4.5	%	4.2	%
Excluding the long-term ground lease related to the New York buying office	4.4	%	4.1	%

The following table presents cash paid for amounts included in the measurement of operating lease liabilities and operating lease assets obtained in exchange for operating lease liabilities (includes new leases and remeasurements or modifications of existing leases) for fiscal 2025, 2024, and 2023:

($000)	2025		2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	826,392	$	789,211	$	746,254
Operating lease assets obtained in exchange for operating lease liabilities	$	925,067	$	841,891	$	682,580

Schedule of Maturities of Operating Lease Liabilities

The maturity of operating lease liabilities, including the ground lease related to the New York buying office as of January 31, 2026, are as follows:

($000)	Operating Leases1
2026	$	807,211
2027	846,485
2028	719,092
2029	542,631
2030	397,727
Thereafter	1,694,931
Total lease payments	$	5,008,077
Less: interest	1,313,345
Present value of lease liabilities	$	3,694,732
Less: current operating lease liabilities	727,855
Non-current operating lease liabilities	$	2,966,877
1 Operating leases exclude $282.7 million of minimum lease payments for leases signed that have not yet commenced.