Leases (Tables)

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Operating lease information

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

	Year Ended
(in millions)	January 28, 2023		January 29, 2022		January 30, 2021
Operating lease cost	$	1,652.8	$	1,602.8	$	1,551.2
Variable lease cost	428.8		417.8		391.4
Short-term lease cost	10.8		5.6		9.7
Total lease cost*	$	2,092.4	$	2,026.2	$	1,952.3
*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 28, 2023		January 29, 2022		January 30, 2021
Weighted-average remaining lease term (years)	5.7		5.9		6.1
Weighted-average discount rate	3.6	%	3.4	%	3.9	%

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

	Year Ended
(in millions)	January 28, 2023		January 29, 2022		January 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,559.7	$	1,579.8	$	1,519.4

Maturities of lease liabilities

As of January 28, 2023, maturities of lease liabilities were as follows:

	(in millions)
2023	$	1,657.7
2024	1,462.8
2025	1,232.0
2026	994.0
2027	733.0
Thereafter	1,358.6
Total undiscounted lease payments	7,438.1
Less interest	733.2
Present value of lease liabilities	$	6,704.9