LEASES (Tables)

6 Months Ended

Aug. 04, 2019

The components of the net lease cost for the thirteen and twenty-six weeks ended August 4, 2019 were as follows:



		Thirteen Weeks Ended			Twenty-Six Weeks Ended
(In millions)	Line Item in the Company’s Consolidated Income Statement	8/4/19			8/4/19
Finance lease cost:
Amortization of right-of-use-assets	SG&A expenses (depreciation and amortization)	$	1.4		$	2.7
Interest on lease liabilities	Interest expense	0.2			0.3
Total finance lease cost		1.6			3.0
Operating lease cost	SG&A expenses	115.4			228.3
Short-term lease cost	SG&A expenses	5.3			8.8
Variable lease cost	SG&A expenses	36.6			66.9
Less: sublease income	SG&A expenses	(0.0		)	(0.1		)
Total net lease cost		$	158.9		$	306.9

Schedule of Supplemental Balance Sheet Information Related to Leases [Table Text Block]

Supplemental balance sheet information related to leases as of August 4, 2019 was as follows:



(In millions)	Line Item in the Company’s Consolidated Balance Sheet	8/4/19
Right-of-use assets:
Operating lease	Operating lease right-of-use assets	$	1,660.7
Finance lease	Property, plant and equipment, net	14.2
		$	1,674.9
Current lease liabilities:
Operating lease	Current portion of operating lease liabilities	$	345.2
Finance lease	Accrued expenses	4.7
		$	349.9
Other lease liabilities:
Operating lease	Long-term portion of operating lease liabilities	$	1,535.5
Finance lease	Other liabilities	10.6
		$	1,546.1

Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]

Supplemental cash flow information related to leases for the twenty-six weeks ended August 4, 2019 was as follows:



	Twenty-Six Weeks Ended
(In millions)	8/4/19
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	234.5
Operating cash flows from finance leases	0.3
Financing cash flows from finance leases	2.9
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	244.1
Right-of-use assets obtained in exchange for new finance lease liabilities	1.4

Schedule of Weight Average Remaining Lease Term and Weighted Average Discount Rate [Table Text Block]

The following summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s right-of-use assets and lease liabilities recorded on the balance sheet as of August 4, 2019:



	8/4/19
Weighted average remaining lease term (years):
Operating leases	7.05
Finance leases	4.44
Weighted average discount rate:
Operating leases	4.43	%
Finance leases	3.27	%

Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]

At August 4, 2019, the maturities of the Company’s lease liabilities were as follows:



(In millions)	Finance Leases			Operating Leases			Total
Remainder of 2019	$	2.7		$	198.9		$	201.6
2020	4.8			421.1			425.9
2021	4.1			358.9			363.0
2022	2.1			289.6			291.7
2023	0.6			219.8			220.4
Thereafter	2.6			732.4			735.0
Total lease payments	$	16.9		$	2,220.7		$	2,237.6
Less: Interest	(1.6		)	(340.0		)	(341.6		)
Total lease liabilities	$	15.3		$	1,880.7		$	1,896.0