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Leases (Tables)
6 Months Ended
Aug. 01, 2020
Leases [Abstract]  
Schedule of Lease Term and DIscount Rate
The weighted average lease term and discount rate for the Company’s outstanding operating leases were as follows:
August 1, 2020
Weighted average remaining lease term (in years)6.5
Weighted average discount rate5.6 %
Total Lease Costs For Operating Leases
Total lease costs are as follows:
13 weeks ended26 weeks ended
(in millions)August 1, 2020August 3, 2019August 1, 2020August 3, 2019
Operating lease cost$105.5 $112.7 $216.9 $227.1 
Short-term lease cost5.8 3.4 10.7 11.2 
Variable lease cost26.3 27.4 51.9 54.0 
Sublease income(0.3)(0.2)(0.8)(0.9)
Total lease cost$137.3 $143.3 $278.7 $291.4 
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
13 weeks ended26 weeks ended
(in millions)August 1, 2020August 3, 2019August 1, 2020August 3, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$103.1 $111.9 $152.4 $229.9 
Operating lease right-of-use assets obtained in exchange for lease obligations12.8 34.3 27.0 40.8 
Reduction in the carrying amount of right-of-use assets (1)
84.2 87.9 172.1 175.2 
(1) Amount excludes impairment of right-of-use assets of $8.4 million and $36.9 million during the 13 and 26 weeks ended August 1, 2020, respectively, as further described in Note 13.
Future Minimum Operating Lease Payments
The future minimum operating lease payments for operating leases having initial or non-cancelable terms in excess of one year are as follows:
(in millions)August 1, 2020
Remainder of Fiscal 2021
$230.6 
Fiscal 2022470.2 
Fiscal 2023332.0 
Fiscal 2024263.3 
Fiscal 2025207.5 
Thereafter550.1 
Total minimum lease payments2,053.7 
Less: Imputed interest(399.4)
Present value of lease liabilities$1,654.3