Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 30, 2021
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 January 30, 2021 and February 1, 2020 consists of the following: 
  January 30, February 1,
(in millions) 2021 2020
Land $ 238.7  $ 233.5 
Buildings 1,524.0  1,395.5 
Leasehold improvements 2,631.7  2,335.1 
Furniture, fixtures and equipment 4,229.4  3,813.2 
Construction in progress 257.5  298.6 
Total property, plant and equipment 8,881.3  8,075.9 
Less: accumulated depreciation 4,765.0  4,194.1 
Total property, plant and equipment, net $ 4,116.3  $ 3,881.8