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Leases (Tables)
3 Months Ended
May 01, 2021
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:
May 1, 2021
Weighted average remaining lease term6.1 years
Weighted average discount rate5.5 %
Total Lease Costs For Operating Leases
Total lease costs are as follows:
13 weeks ended
(in millions)May 1, 2021May 2, 2020
Operating lease cost$105.6 $111.4 
Short-term lease cost0.8 4.9 
Variable lease cost30.6 25.6 
Sublease income(0.7)(0.5)
Total lease cost$136.3 $141.4 
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
13 weeks ended
(in millions)May 1, 2021May 2, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$128.1 $49.3 
Operating lease right-of-use assets obtained in exchange for lease obligations24.6 14.2 
Reduction in the carrying amount of right-of-use assets (1)
85.9 87.9 
(1)    Amount excludes impairment of right-of-use assets of $0.5 million and $28.5 million during the 13 weeks ended May 1, 2021 and May 2, 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)May 1, 2021
Remainder of Fiscal 2022
$384.6 
Fiscal 2023356.2 
Fiscal 2024279.7 
Fiscal 2025217.4 
Fiscal 2026158.7 
Thereafter399.9 
Total minimum lease payments1,796.5 
Less: Imputed interest(363.5)
Present value of lease liabilities$1,433.0