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Debt
 3 Months Ended
May 02, 2026
Debt Disclosure [Abstract]  
Debt Debt
Long-term debt. Unsecured senior debt (the “Senior Notes”), net of unamortized discounts and debt issuance costs, as of May 2, 2026, January 31, 2026, and May 3, 2025, consisted of the following:

($000)May 2, 2026January 31, 2026May 3, 2025
0.875% Senior Notes due 2026
$— $499,743 $498,812 
4.700% Senior Notes due 2027
241,344 241,230 240,890 
4.800% Senior Notes due 2030
133,179 133,134 132,998 
1.875% Senior Notes due 2031
497,106 496,962 496,533 
5.450% Senior Notes due 2050
146,558 146,537 146,476 
Total long-term debt1
$1,018,187 $1,517,606 $1,515,709 
Less: current portion$241,344 $499,743 $498,812 
Total due beyond one year$776,843 $1,017,863 $1,016,897 
1 Net of unamortized discounts and debt issuance costs of $6.8 million, $7.4 million, and $9.3 million as of May 2, 2026, January 31, 2026, and May 3, 2025, respectively.

Interest on all Senior Notes is payable semi-annually and the Senior Notes are subject to prepayment penalties for early payment of principal.

In April 2026, the Company repaid at maturity the $500 million principal amount of the 0.875% Senior Notes. In April 2025, the Company repaid at maturity the $700 million principal amount of the 4.600% Senior Notes.

The aggregate fair value of the remaining four outstanding series of Senior Notes was approximately $1.0 billion as of May 2, 2026. The aggregate fair values of the five then outstanding series of Senior Notes were approximately $1.5 billion and $1.4 billion as of January 31, 2026 and May 3, 2025, respectively. The fair value is estimated by obtaining comparable market quotes, which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance.

Revolving credit facility. The Company’s $1.3 billion senior unsecured revolving credit facility (“Credit Facility”) expires in June 2030 and may be extended at the Company’s request for up to two additional one-year periods subject to customary conditions. The Credit Facility contains a $300 million sublimit for issuance of standby letters of credit. It also contains an option allowing the Company to increase the size of its Credit Facility by up to an additional $700 million, with the agreement of the committing lenders. Interest on borrowings under this Credit Facility is a term rate based on the Secured Overnight Financing Rate (“Term SOFR”) (or an alternate benchmark rate, if Term SOFR is no longer available) plus an applicable margin, and is payable quarterly and upon maturity.
The Credit Facility is subject to a quarterly Consolidated Adjusted Debt to Consolidated Earnings before Interest, Income Tax, Depreciation, Amortization, and Lease Expense (“EBITDAR”) financial leverage ratio covenant. As of May 2, 2026, the Company was in compliance with the financial covenant, had no borrowings or standby letters of credit outstanding under the Credit Facility, and the $1.3 billion Credit Facility remained in place and available.