Leases (Tables)

3 Months Ended

Apr. 30, 2020

Leases [Abstract]

Lease Cost Information

Amounts recognized in the Condensed Consolidated Statement of Earnings were as follows:

	Three Months Ended April 30,
(in millions)	2020			2019
Fixed operating lease expense	$	75.0		$	77.3
Variable operating lease expense a	10.5			34.6
Sublease income	(1.2		)	(1.2		)
Net lease expense	$	84.3		$	110.7

^a 

Includes a credit of $10.3 million related to rent concessions negotiated in connection with retail store closures due to COVID-19.

The following table provides supplemental cash flow information related to the Company's operating leases:

	Three Months Ended April 30,
(in millions)	2020		2019
Cash flows from operating activities attributable to operating leases	$	71.9	$	70.9
Right-of-use assets obtained in exchange for operating lease liabilities	25.6		52.9

Operating Lease Maturity Schedule

The following table reconciles the undiscounted cash flows expected to be paid in each of the next five fiscal years and thereafter to the operating lease liability recorded on the Condensed Consolidated Balance Sheet for operating leases existing as of April 30, 2020:

Years ending January 31,	Minimum Lease Payments as of April 30, 2020 (in millions)
2021 *	$	183.8
2022	258.1
2023	213.8
2024	180.4
2025	146.3
Thereafter	368.8
Total minimum lease payments	1,351.2
Less: amount of total minimum lease payments representing interest	(180.6		)
Present value of future total minimum lease payments	1,170.6
Less: current portion of lease liabilities	(206.6		)
Long-term lease liabilities	$	964.0

* This amount represents minimum lease payments for the nine month period from May 1, 2020 to January 31, 2021.