Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Feb. 01, 2020
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment
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

Property, plant and equipment, net, as of February 1, 2020 and February 2, 2019 consists of the following: 
 
 
February 1,
 
February 2,
(in millions)
 
2020
 
2019
Land
 
$
233.5

 
$
215.3

Buildings
 
1,395.5

 
1,300.7

Leasehold improvements
 
2,335.1

 
2,037.4

Furniture, fixtures and equipment
 
3,813.2

 
3,348.7

Construction in progress
 
298.6

 
233.8

Total property, plant and equipment
 
8,075.9

 
7,135.9

Less: accumulated depreciation
 
4,194.1

 
3,690.6

Total property, plant and equipment, net
 
$
3,881.8

 
$
3,445.3