Leases (Tables)

6 Months Ended

Jul. 31, 2020

Leases [Abstract]

Lease Cost Information

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

	Six Months Ended July 31,
(in millions)	2020		2019
Cash flows from operating activities attributable to operating leases	$	146.8	$	147.8
Right-of-use assets obtained in exchange for operating lease liabilities	127.6		144.9

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

	Three Months Ended July 31,						Six Months Ended July 31,
(in millions)	2020			2019			2020			2019
Fixed operating lease expense	$	73.6		$	77.7		$	148.6		$	155.0
Variable operating lease expense a	26.8			35.8			37.3			70.4
Sublease income	(1.3		)	(1.2		)	(2.5		)	(2.4		)
Net lease expense	$	99.1		$	112.3		$	183.4		$	223.0

^a 

Includes a credit of $11.1 million and $21.4 million in the three and six months ended July 31, 2020, respectively, related to rent concessions negotiated in connection with retail store closures due to COVID-19.

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 July 31, 2020:

Years ending January 31,	Minimum Lease Payments as of July 31, 2020 (in millions)
2021 *	$	114.5
2022	274.0
2023	233.1
2024	201.8
2025	158.0
Thereafter	443.3
Total minimum lease payments	1,424.7
Less: amount of total minimum lease payments representing interest	(191.1		)
Present value of future total minimum lease payments	1,233.6
Less: current portion of lease liabilities	(209.6		)
Long-term lease liabilities	$	1,024.0

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