Acquisitions and divestitures (Tables)

9 Months Ended

Oct. 28, 2023

Business Combination and Asset Acquisition [Abstract]

Disclosure of Long-Lived Assets Held-for-Sale

The related assets and liabilities expected to be disposed of have been presented as held for sale as of October 28, 2023, recorded within other current assets and other current liabilities in the condensed consolidated balance sheet and consist of the following:

(in millions)
Inventories	$	33.4
Property, plant and equipment	9.6
Operating lease right-of-use assets	19.8
Assets held for sale	$	62.8
Operating lease liabilities	$	21.4
Liabilities held for sale	$	21.4

Schedule of Estimated Fair Value of Assets and Liabilities Assumed

The following table presents the estimated fair value of the assets acquired and liabilities assumed from Blue Nile at the date of acquisition:

(in millions)
Inventories	$	85.8
Property, plant and equipment	33.1
Operating lease right-of-use assets	39.1
Intangible assets	96.0
Other assets	23.6
Identifiable assets acquired	277.6
Accounts payable	71.6
Deferred revenue	16.5
Operating lease liabilities	38.5
Other liabilities	17.9
Liabilities assumed	144.5
Identifiable net assets acquired	133.1
Goodwill	256.8
Net assets acquired	$	389.9