XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 29, 2023
Jan. 30, 2022
Current Assets:    
Cash and cash equivalents $ 550.7 $ 1,242.5
Trade receivables, net of allowances for credit losses of $42.6 and $61.9 923.7 745.2
Other receivables 21.5 20.1
Inventories, net 1,802.6 1,348.5
Prepaid expenses 209.2 169.0
Other 72.7 128.4
Total Current Assets 3,580.4 3,653.7
Property, Plant and Equipment, net [1] 904.0 906.1
Operating Lease Right-of-Use Assets 1,295.7 1,349.0
Goodwill 2,359.0 2,828.9
Tradenames 2,701.1 2,722.9
Other Intangibles, net 548.8 584.1
Other Assets, including deferred taxes of $33.8 and $46.1 379.3 352.1
Total Assets [3] 11,768.3 [2] 12,396.8
Current Liabilities:    
Accounts payable 1,327.4 1,220.8
Accrued expenses 874.0 1,100.8
Deferred revenue 54.3 44.9
Current portion of operating lease liabilities 353.7 375.4
Short-term borrowings 46.2 10.8
Current portion of long-term debt 111.9 34.8
Total Current Liabilities 2,767.5 2,787.5
Long-Term Portion of Operating Lease Liabilities 1,140.0 1,214.4
Long-Term Debt 2,177.0 2,317.6
Other Liabilities, including deferred taxes of $357.5 and $373.9 671.1 788.5
Stockholders' Equity:    
Preferred stock, par value $100 per share; 150,000 total shares authorized 0.0 0.0
Common stock, par value $1 per share; 240,000,000 shares authorized; 87,641,611 and 87,107,155 shares issued 87.6 87.1
Additional paid in capital - common stock 3,244.5 3,198.4
Retained earnings 4,753.1 4,562.8
Accumulated other comprehensive loss (713.1) (612.7)
Less: 24,932,374 and 18,572,482 shares of common stock held in treasury, at cost (2,359.4) (1,946.8)
Total Stockholders' Equity 5,012.7 5,288.8
Total Liabilities and Stockholders' Equity $ 11,768.3 $ 12,396.8
[1] Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.
[2] Identifiable assets in 2022 included a reduction of $417.1 million related to the noncash goodwill impairment. Please see Note 7, “Goodwill and Other Intangible Assets,” for further discussion.
[3] Identifiable assets included the impact of changes in foreign currency exchange rates.