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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 02, 2020
Feb. 03, 2019
Current Assets:    
Cash and cash equivalents $ 503.4 $ 452.0
Trade receivables, net of allowances for doubtful accounts of $21.1 and $21.6 741.4 777.8
Other receivables 23.7 26.0
Inventories, net 1,615.7 1,732.4
Prepaid expenses 159.9 168.7
Other 112.9 81.7
Assets held for sale 237.2 0.0
Total Current Assets 3,394.2 3,238.6
Property, Plant and Equipment, net [1] 1,026.8 984.5
Operating Lease, Right-of-Use Asset 1,675.8 0.0
Goodwill 3,677.6 3,670.5
Tradenames 2,830.2 2,863.7
Other Intangibles, net 650.5 705.5
Other Assets, including deferred taxes of $40.3 and $40.5 375.9 400.9
Total Assets [4] 13,631.0 [2],[3] 11,863.7
Current Liabilities:    
Accounts payable 882.8 924.2
Accrued expenses 929.6 891.6
Deferred revenue 64.7 65.3
Current portion of operating lease liabilities 363.5 0.0
Short-term borrowings 49.6 12.8
Current portion of long-term debt 13.8 0.0
Liabilities related to assets held for sale 57.1 0.0
Total Current Liabilities 2,361.1 1,893.9
Long-Term Portion of Operating Lease Liabilities 1,532.0 0.0
Long-Term Debt 2,693.9 2,819.4
Other Liabilities, including deferred taxes of $558.1 and $565.2 1,234.5 1,322.4
Redeemable Non-Controlling Interest (2.0) 0.2
Stockholders' Equity:    
Preferred stock, par value $100 per share; 150,000 total shares authorized 0.0 0.0
Common stock, par value $1 per share; 240,000,000 shares authorized; 85,890,276 and 85,446,141 shares issued 85.9 85.4
Additional paid in capital - common stock 3,075.4 3,017.3
Retained earnings 4,753.0 4,350.1
Accumulated other comprehensive loss (640.1) (507.9)
Less: 13,597,113 and 10,042,510 shares of common stock held in treasury, at cost (1,462.7) (1,117.1)
Total Stockholders' Equity 5,811.5 5,827.8
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity $ 13,631.0 $ 11,863.7
[1] Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.
[2]
Identifiable assets in 2019 included the impact of the Australia acquisition. Please see Note 3, “Acquisitions,” for a further discussion.
[3]
Identifiable assets include the impact related to the adoption of accounting guidance for leases in 2019 using the modified retrospective approach applied as of the period of adoption with a cumulative-effect adjustment to opening retained earnings and as such, prior periods have not been restated. Upon adoption, the Company (i) recognized operating lease right-of-use assets of $1.7 billion and lease liabilities of $1.9 billion, (ii) recorded a cumulative-effect adjustment to retained earnings of $3.1 million and (iii) recorded other reclassification adjustments within its Consolidated Balance Sheet related to, among other things, deferred rent. Please see Note 17, “Leases,” for further discussion.
[4] Identifiable assets included the impact of changes in foreign currency exchange rates.