Organization and summary of significant accounting policies (Tables)

12 Months Ended

Feb. 01, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of compensation and benefits

Compensation and benefits costs included within cost of sales and selling, general and administrative expenses were as follows:

(in millions)	Fiscal 2020		Fiscal 2019		Fiscal 2018
Wages and salaries	$	1,079.2	$	1,127.2	$	1,140.3
Payroll taxes	84.8		90.3		93.8
Employee benefit plans	15.7		17.2		13.0
Share-based compensation	16.9		16.5		16.1
Total compensation and benefits	$	1,196.6	$	1,251.2	$	1,263.2

Schedule of cash and cash equivalents

The following table summarizes the details of the Company’s cash and cash equivalents:

(in millions)	February 1, 2020		February 2, 2019
Cash and cash equivalents held in money markets and other accounts	$	326.2	$	164.5
Cash equivalents from third-party credit card issuers	46.3		29.1
Cash on hand	2.0		1.8
Total cash and cash equivalents	$	374.5	$	195.4

Schedule of cash flow, supplemental disclosures

The Company’s supplemental cash flow information was as follows:

(in millions)	Fiscal 2020		Fiscal 2019			Fiscal 2018
Non-cash investing activities:
Capital expenditures in accounts payable	$	0.1	$	5.6		$	7.0
Supplemental cash flow information:
Interest paid	$	34.7	$	39.1		$	50.2
Income tax paid (refunded), net	$	5.7	$	(44.8	)	$	122.3

Schedule of property, plant and equipment

Depreciation and amortization are recognized on the straight-line method over the estimated useful lives of the related assets as follows:

Buildings	Ranging from 30 – 40 years
Leasehold improvements	Remaining term of lease, not to exceed 10 years
Furniture and fixtures	Ranging from 3 – 10 years
Equipment and software	Ranging from 3 – 7 years

(in millions)	February 1, 2020			February 2, 2019
Land and buildings	$	23.4		$	34.0
Leasehold improvements	640.7			688.8
Furniture and fixtures	601.2			802.9
Equipment	199.1			196.1
Software	246.9			289.5
Construction in progress	95.3			72.0
Total	$	1,806.6		$	2,083.3
Accumulated depreciation and amortization	(1,064.7		)	(1,282.8		)
Property, plant and equipment, net	$	741.9		$	800.5