Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 01, 2025

Reconciliation between Cash, Cash Equivalents, Restricted Cash from Continuing Operations

The following is a reconciliation between “Cash and cash equivalents” and “Restricted cash” of continuing operations presented in the Consolidated Balance Sheets and the total cash, cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows:


(in millions)	February 1, 2025		February 3, 2024
Cash and cash equivalents on the Consolidated Balance Sheets	$	1,256.5	$	425.2
Restricted cash on the Consolidated Balance Sheets	75.7		72.3
Cash, cash equivalents and restricted cash of discontinued operations included in current and noncurrent assets of discontinued operations on the Consolidated Balance Sheets	179.0		259.7
Total cash, cash equivalents and restricted cash on the Consolidated Statements of Cash Flows	$	1,511.2	$	757.2

Schedule of Property, Plant and Equipment, Net

In accordance with ASC Topic 360 “Property, Plant and Equipment,” property, plant and equipment are stated at cost and depreciated using the straight-line method over the estimated useful lives of the respective assets as follows:


Buildings			39 to 40 years
Building improvements			20 years
Furniture, fixtures and equipment, software			3 to 15 years
Leasehold improvements			Shorter of remaining lease term or related asset life

Property, plant and equipment, net, as of February 1, 2025 and February 3, 2024 consists of the following:


(in millions)	February 1, 2025		February 3, 2024
Land	$	162.7	$	161.3
Buildings	1,403.3		1,229.2
Leasehold improvements	2,766.8		2,396.1
Furniture, fixtures and equipment	3,589.1		3,242.6
Construction in progress	909.7		1,024.3
Total property, plant and equipment	8,831.6		8,053.5
Less: accumulated depreciation	4,332.3		4,231.4
Total property, plant and equipment, net	$	4,499.3	$	3,822.1