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Debt (Tables)
3 Months Ended
Apr. 30, 2022
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The following table summarizes the Company’s outstanding debt at April 30, 2022 and January 29, 2022 (in millions):
April 30,
2022
January 29,
2022
Face Value Outstanding:
2020 Term Loan - 3 Year Tranche$735.0 $735.0 
2020 Term Loan - 5 Year Tranche842.2 853.1 
     Term Loan Total1,577.2 1,588.1 
4.200% MTG/MTI 2023 Senior Notes
500.0 500.0 
4.875% MTG/MTI 2028 Senior Notes
499.9 499.9 
1.650% 2026 Senior Notes
500.0 500.0 
2.450% 2028 Senior Notes
750.0 750.0 
2.950% 2031 Senior Notes
750.0 750.0 
     Senior Notes Total2,999.9 2,999.9 
Total borrowings$4,577.1 $4,588.0 
Less: Unamortized debt discount and issuance cost(37.7)(40.0)
Net carrying amount of debt$4,539.4 $4,548.0 
Less: Current portion (1)74.1 63.2 
Non-current portion$4,465.3 $4,484.8 
(1)As of April 30, 2022, the current portion of outstanding debt includes the 2020 Term Loan - 5 Year Tranche, which is due within twelve months. The Company intends to repay the amount with operating cash flow.
Aggregate Future Contractual Maturities of Debt
As of April 30, 2022, the aggregate future contractual maturities of the Company’s outstanding debt, at face value, were as follows (in millions):

Fiscal YearAmount
Remainder of 2023$54.7 
2024587.5 
2025844.4 
2026131.2 
2027959.4 
Thereafter1,999.9 
Total $4,577.1