LEASES (Tables)

3 Months Ended

May 05, 2019

The components of the net lease cost for the thirteen weeks ended May 5, 2019 were as follows:



		Thirteen Weeks Ended
(In millions)	Line Item in the Company’s Consolidated Income Statement	5/5/19
Finance lease cost:
Amortization of right-of-use-assets	SG&A expenses (depreciation and amortization)	$	1.3
Interest on lease liabilities	Interest expense	0.1
Total finance lease cost		1.4
Operating lease cost	SG&A expenses	112.9
Short-term lease cost	SG&A expenses	3.5
Variable lease cost	SG&A expenses	30.3
Less: sublease income	SG&A expenses	(0.1		)
Total net lease cost		$	148.0

Schedule of Supplemental Balance Sheet Information Related to Leases [Table Text Block]

Supplemental balance sheet information related to leases as of May 5, 2019 was as follows:



(In millions)	Line Item in the Company’s Consolidated Balance Sheet	5/5/19
Right-of-use assets:
Operating lease	Operating lease right-of-use assets	$	1,606.0
Finance lease	Property, plant and equipment, net	14.6
		$	1,620.6
Current lease liabilities:
Operating lease	Current portion of operating lease liabilities	$	334.3
Finance lease	Accrued expenses	4.7
		$	339.0
Other lease liabilities:
Operating lease	Long-term portion of operating lease liabilities	$	1,499.4
Finance lease	Other liabilities	11.0
		$	1,510.4

Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]

Supplemental cash flow information related to leases for the thirteen weeks ended May 5, 2019 was as follows:



	Thirteen Weeks Ended
(In millions)	5/5/19
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	116.0
Operating cash flows from finance leases	0.1
Financing cash flows from finance leases	1.5
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	85.1
Right-of-use assets obtained in exchange for new finance lease liabilities	0.9

Schedule of Weight Average Remaining Lease Term and Weighted Average Discount Rate [Table Text Block]

The following summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s right-of-use assets and lease liabilities recorded on the balance sheet as of May 5, 2019:



	5/5/19
Weighted average remaining lease term (years):
Operating leases	7.12
Finance leases	4.60
Weighted average discount rate:
Operating leases	5.48	%
Finance leases	3.89	%

Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]

At May 5, 2019, the maturities of the Company’s lease liabilities were as follows:



(In millions)	Finance Leases			Operating Leases			Total
Remainder of 2019	$	3.9		$	301.7		$	305.6
2020	4.5			386.7			391.2
2021	3.9			332.1			336.0
2022	1.9			267.2			269.1
2023	0.6			200.1			200.7
Thereafter	2.5			684.5			687.0
Total lease payments	$	17.3		$	2,172.3		$	2,189.6
Less: Interest	(1.6		)	(338.6		)	(340.2		)
Total lease liabilities	$	15.7		$	1,833.7		$	1,849.4