LEASES (Tables)

9 Months Ended

Nov. 03, 2019

The components of the net lease cost for the thirteen and thirty-nine weeks ended November 3, 2019 were as follows:



		Thirteen Weeks Ended			Thirty-Nine Weeks Ended
(In millions)	Line Item in the Company’s Consolidated Income Statement	11/3/19			11/3/19
Finance lease cost:
Amortization of right-of-use-assets	SG&A expenses (depreciation and amortization)	$	1.3		$	4.0
Interest on lease liabilities	Interest expense	0.1			0.4
Total finance lease cost		1.4			4.4
Operating lease cost	SG&A expenses	115.3			343.6
Short-term lease cost	SG&A expenses	9.0			17.8
Variable lease cost	SG&A expenses	30.9			97.8
Less: sublease income	SG&A expenses	(0.1		)	(0.2		)
Total net lease cost		$	156.5		$	463.4

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

Supplemental balance sheet information related to leases as of November 3, 2019 was as follows:



(In millions)	Line Item in the Company’s Consolidated Balance Sheet	11/3/19
Right-of-use assets:
Operating lease	Operating lease right-of-use assets	$	1,648.1
Finance lease	Property, plant and equipment, net	14.8
		$	1,662.9
Current lease liabilities:
Operating lease	Current portion of operating lease liabilities	$	347.3
Finance lease	Accrued expenses	4.7
		$	352.0
Other lease liabilities:
Operating lease	Long-term portion of operating lease liabilities	$	1,517.5
Finance lease	Other liabilities	11.1
		$	1,528.6

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

Supplemental cash flow information related to leases for the thirty-nine weeks ended November 3, 2019 was as follows:



	Thirty-Nine Weeks Ended
(In millions)	11/3/19
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	355.4
Operating cash flows from finance leases	0.4
Financing cash flows from finance leases	4.1
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	311.4
Right-of-use assets obtained in exchange for new finance lease liabilities	3.4

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 November 3, 2019:



	11/3/19
Weighted average remaining lease term (years):
Operating leases	6.92
Finance leases	4.36
Weighted average discount rate:
Operating leases	4.34	%
Finance leases	3.25	%

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

At November 3, 2019, the maturities of the Company’s lease liabilities were as follows:



(In millions)	Finance Leases			Operating Leases			Total
Remainder of 2019	$	1.4		$	86.2		$	87.6
2020	5.1			436.0			441.1
2021	4.5			375.8			380.3
2022	2.5			302.4			304.9
2023	0.9			228.3			229.2
Thereafter	2.9			763.5			766.4
Total lease payments	$	17.3		$	2,192.2		$	2,209.5
Less: Interest	(1.5		)	(327.4		)	(328.9		)
Total lease liabilities	$	15.8		$	1,864.8		$	1,880.6