Leases

9 Months Ended

Nov. 01, 2025

Leases [Abstract]

Leases

Leases:

For the Third Quarter of Fiscal 2025, operating lease expense was $22 million and variable lease expense was $10 million, resulting in total lease expense of $32 million compared to $32 million of total lease expense in the Third Quarter of Fiscal 2024. For the First Nine Months of Fiscal 2025, operating lease expense was $65 million and variable lease

expense was $33 million, resulting in total lease expense of $98 million compared to $95 million of total lease expense in the First Nine Months of Fiscal 2024.

Cash paid for lease amounts included in the measurement of operating lease liabilities in the First Nine Months of Fiscal 2025 and the First Nine Months of Fiscal 2024 was $68 million and $64 million, respectively.

As of November 1, 2025, the stated lease liability payments for the fiscal years specified below were as follows (in thousands):

	Operating lease
Remainder of 2025	$	14,986
2026	84,153
2027	76,256
2028	73,360
2029	58,504
2030	48,044
After 2030	191,113
Total lease payments	$	546,416
Less: Difference between discounted and undiscounted lease payments	120,637
Present value of lease liabilities	$	425,779