Dollar Tree, Inc. Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

12 Months Ended

Feb. 03, 2024

The lease cost for operating leases that was recognized in the accompanying Consolidated Statements of Operations was as follows:


	Year Ended
(in millions)	February 3, 2024		January 28, 2023		January 29, 2022
Operating lease cost	$	1,713.0	$	1,652.8	$	1,602.8
Variable lease cost	450.3		428.8		417.8
Short-term lease cost	20.0		10.8		5.6
Total lease cost*	$	2,183.3	$	2,092.4	$	2,026.2

*Excludes sublease income, which is immaterial

Information regarding the weighted-average remaining lease term and the weighted-average discount rate for operating leases is as follows:


	February 3, 2024		January 28, 2023		January 29, 2022
Weighted-average remaining lease term (years)	5.7		5.7		5.9
Weighted-average discount rate	4.1	%	3.6	%	3.4	%

The following represents supplemental information pertaining to our operating lease arrangements:


	Year Ended
(in millions)	February 3, 2024		January 28, 2023		January 29, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,852.1	$	1,559.7	$	1,579.8

As of February 3, 2024, maturities of lease liabilities were as follows:


Fiscal Year	(in millions)
2024	$	1,622.3
2025	1,572.2
2026	1,336.3
2027	1,074.3
2028	786.4
Thereafter	1,499.5
Total undiscounted lease payments	7,891.0
Less interest	930.4
Present value of lease liabilities	$	6,960.6