Leases (Tables)

12 Months Ended

Jan. 30, 2021

Leases [Abstract]

Operating lease information

The lease cost for operating leases that was recognized in the accompanying consolidated statements of operations was as follows:

	Year Ended
(in millions)	January 30, 2021		February 1, 2020
Operating lease cost	$	1,551.2	$	1,520.5
Variable lease cost	391.4		375.9
Short-term lease cost	9.7		14.8
Total lease cost*	$	1,952.3	$	1,911.2
*Excludes sublease income, which is immaterial

Information regarding the weighted-average remaining lease term and the weighted-average discount rate for operating leases is as follows:

	January 30, 2021		February 1, 2020
Weighted-average remaining lease term (years)	6.1		6.4
Weighted-average discount rate	3.9	%	4.3	%

The following represents supplemental information pertaining to our operating lease arrangements:

	Year Ended
(in millions)	January 30, 2021		February 1, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,519.4	$	1,433.4
Right-of-use assets obtained in exchange for new operating lease liabilities	1,440.2		1,286.1

Maturities of lease liabilities

As of January 30, 2021, maturities of lease liabilities were as follows:

	(in millions)
2021	$	1,467.5
2022	1,372.0
2023	1,159.0
2024	939.9
2025	706.3
Thereafter	1,578.0
Total undiscounted lease payments	7,222.7
Less interest	809.0
Present value of lease liabilities	$	6,413.7