SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 02, 2019

Feb. 03, 2018

Accounting Policies [Abstract]

Property, Plant and Equipment Table

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 aggregate fair values and carrying values of the Company’s long-term borrowings were as follows:

	February 2, 2019				February 3, 2018
(in millions)	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 1
Senior Notes and Acquisition Notes	$	4,198.6	$	4,275.5	$	3,684.6	$	3,519.9
Level 2
Term loans	—		—		2,187.6		2,170.7

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

(in millions)	February 2, 2019		February 3, 2018
Level 1
Deferred compensation plan assets	$	21.8	$	20.7