Dollar Tree, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

May 04, 2019

The lease cost for operating leases that was recognized in the accompanying unaudited condensed consolidated income statements for the 13 weeks ended May 4, 2019 was as follows:



	(in millions)
Operating lease cost	$	381.4
Variable lease cost	85.4
Total lease cost*	$	466.8

*Excludes short-term lease cost and sublease income, which are immaterial

As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended February 2, 2019 and in accordance with ASC 840, future minimum lease payments under non-cancellable operating leases were as follows as of February 2, 2019:



	(in millions)
2019	$	1,435.9
2020	1,176.7
2021	1,100.0
2022	899.6
2023	729.1
Thereafter	1,966.3
Total minimum lease payments	$	7,307.6

Maturities of Operating Lease Liabilities

As of May 4, 2019, maturities of lease liabilities were as follows:



	(in millions)
Remainder of 2019	$	969.1
2020	1,315.8
2021	1,127.7
2022	926.3
2023	707.9
Thereafter	2,012.0
Total undiscounted lease payments	7,058.8
Less interest	993.4
Present value of lease liabilities	$	6,065.4