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Leases
9 Months Ended
Nov. 02, 2024
Leases [Abstract]  
Leases Leases: For the Third Quarter of Fiscal 2024, operating lease expense was $21 million and variable lease expense was $11 million, resulting in total lease expense of $32 million compared to $28 million of total lease expense in the Third Quarter of Fiscal 2023. For the First Nine Months of Fiscal 2024, operating lease expense was $61 million and variable lease expense was $35 million, resulting in total lease expense of $95 million compared to $85 million of total lease expense in the First Nine Months of Fiscal 2023.
Cash paid for lease amounts included in the measurement of operating lease liabilities in the First Nine Months of Fiscal 2024 was $64 million, while cash paid for lease amounts included in the measurement of operating lease liabilities in the First Nine Months of Fiscal 2023 was $61 million.
As of November 2, 2024, the stated lease liability payments for the fiscal years specified below were as follows (in thousands):
Operating lease
Remainder of 2024$21,980 
202575,603 
202675,278 
202760,843 
202856,237 
202941,977 
After 2029132,956 
Total lease payments$464,874 
Less: Difference between discounted and undiscounted lease payments88,213 
Present value of lease liabilities$376,661