Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.1
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