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Leases (Tables)
 12 Months Ended
Jan. 29, 2022
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:
January 29, 2022January 30, 2021
Weighted average remaining lease term7.1 years6.2 years
Weighted average discount rate5.5 %5.5 %
Total Lease Costs For Operating Leases
Total lease costs are as follows:
(in millions)Fiscal 2022Fiscal 2021Fiscal 2020
Operating lease cost$431.8 $436.3 $460.3 
Short-term lease cost11.5 16.3 19.4 
Variable lease cost127.0 110.3 107.1 
Sublease income(1.9)(1.8)(2.0)
Total lease cost$568.4 $561.1 $584.8 
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
(in millions)Fiscal 2022Fiscal 2021Fiscal 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$479.6 $400.4 $467.7 
Operating lease right-of-use assets obtained in exchange for lease obligations (1)
168.8 70.8 149.9 
Reduction in the carrying amount of ROU assets (2)
351.7 348.3 360.1 
(1) Includes $56.9 million of ROU assets acquired from Diamonds Direct in Fiscal 2022, per Note 4.
(2) Excludes net gain related to ROU asset impairment of $0.1 million and ROU asset impairment charges of $36.9 million during Fiscal 2022 and Fiscal 2021, respectively, as further described in Note 17.
Future Minimum Operating Lease Payments
The future minimum operating lease commitments for operating leases having initial or non-cancelable terms in excess of one year are as follows:
(in millions)January 29, 2022
Fiscal 2023$400.3 
Fiscal 2024304.4 
Fiscal 2025238.5 
Fiscal 2026174.3 
Fiscal 2027124.1 
Thereafter446.9 
Total minimum lease payments$1,688.5 
Less: Imputed interest(383.4)
Present value of lease liabilities$1,305.1