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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

August 1, 2020

August 3, 2019

Weighted-average remaining lease term (years)

Weighted-average discount rate

Leases (Tables)

6 Months Ended

Aug. 01, 2020

Information regarding the weighted-average remaining lease term and the weighted-average discount rate for operating leases as of August 1, 2020 and August 3, 2019 is as follows:

The lease cost for operating leases that was recognized in the accompanying unaudited condensed consolidated income statements for the 13 and 26 weeks ended August 1, 2020 and August 3, 2019 was as follows:



	13 Weeks Ended				26 Weeks Ended
(in millions)	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Operating lease cost	$	387.9	$	380.2	$	768.8	$	761.6
Variable lease cost	94.3		92.1		192.7		177.5
Total lease cost*	$	482.2	$	472.3	$	961.5	$	939.1

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

The following represents supplemental information pertaining to our operating lease arrangements for the 13 and 26 weeks ended August 1, 2020 and August 3, 2019:



	13 Weeks Ended				26 Weeks Ended
(in millions)	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	333.6	$	364.4	$	749.4	$	731.6
Right-of-use assets obtained in exchange for new operating lease liabilities	384.6		213.9		645.6		429.3

Maturities of lease liabilities

As of August 1, 2020, maturities of lease liabilities were as follows:



	(in millions)
Remainder of 2020	$	685.0
2021	1,428.1
2022	1,233.2
2023	1,018.0
2024	803.9
Thereafter	2,008.3
Total undiscounted lease payments	7,176.5
Less interest	910.3
Present value of lease liabilities	$	6,266.2