SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 03, 2018

Property, plant and equipment are stated at cost and depreciated using the straight-line method over the estimated useful lives of the respective assets as follows:



Buildings	39 to 40 years
Furniture, fixtures and equipment	3 to 15 years

Fair Value, Assets Measured on Recurring Basis

The following table sets forth the Company's financial assets and liabilities that are recorded and disclosed at fair value on a recurring basis:



(in millions)	February 3, 2018		January 28, 2017
Level 1
Short-term investments	$	—	$	4.0
Deferred compensation plan assets	20.7		19.8
Long-term debt - Secured Senior Notes and Acquisition Notes	3,684.6		3,740.3
Level 2
Long-term debt - term loans	2,187.6		2,828.2