PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Feb. 04, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, at cost, was as follows:

(In millions)	2023		2022
Land	$	1.0	$	1.0
Buildings and building improvements	30.7		30.7
Machinery, software and equipment	1,044.1		1,093.5
Furniture and fixtures	598.5		588.3
Shop-in-shops/concession locations	236.6		234.0
Leasehold improvements	770.4		768.2
Construction in progress	80.6		88.3
Property, plant and equipment, gross	2,761.9		2,804.0
Less: Accumulated depreciation	(1,899.3)		(1,900.0)
Property, plant and equipment, net	$	862.6	$	904.0

Construction in progress at February 4, 2024 and January 29, 2023 represents costs incurred for machinery, software and equipment, furniture and fixtures, and leasehold improvements not yet placed in use. Construction in progress at February 4, 2024 and January 29, 2023 principally related to (i) enhancements to the Company’s warehouse and distribution network in Europe and (ii) investments in (a) upgrades and enhancements to platforms and systems worldwide and (b) new stores and store renovations. Interest costs capitalized in construction in progress were immaterial during 2023, 2022 and 2021.