Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 01, 2025
Feb. 03, 2024
Current assets:    
Cash and cash equivalents $ 1,256.5 $ 425.2
Merchandise inventories 2,672.0 2,495.8
Other current assets 169.8 141.3
Current assets of discontinued operations 5,008.9 3,070.4
Total current assets 9,107.2 6,132.7
Property, plant and equipment, net of accumulated depreciation of $4,332.3 and $4,231.4, respectively 4,499.3 3,822.1
Restricted cash 75.7 72.3
Operating lease right-of-use assets 4,146.4 3,672.7
Goodwill 421.2 423.3
Deferred income taxes, net 260.6 9.0
Other assets 133.6 99.4
Noncurrent assets of discontinued operations 0.0 7,792.0
Total assets 18,644.0 22,023.5
Current liabilities:    
Current portion of long-term debt 1,000.0 0.0
Current portion of operating lease liabilities 960.7 899.8
Accounts payable 1,705.8 1,167.1
Income taxes payable 120.1 52.7
Other current liabilities 574.4 578.3
Current liabilities of discontinued operations 4,224.9 1,998.8
Total current liabilities 8,585.9 4,696.7
Long-term debt, net, excluding current portion 2,431.2 3,426.3
Operating lease liabilities, long-term 3,438.7 3,042.3
Deferred income taxes, net 0.0 841.1
Income taxes payable, long-term 28.2 22.0
Other liabilities 182.6 143.5
Noncurrent liabilities of discontinued operations 0.0 2,538.5
Total liabilities 14,666.6 14,710.4
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, par value $0.01; 600,000,000 shares authorized, 215,078,018 and 217,907,206 shares issued and outstanding at February 1, 2025 and February 3, 2024, respectively 2.2 2.2
Additional paid-in capital 92.9 229.9
Accumulated other comprehensive loss (59.2) (43.6)
Retained earnings 3,941.5 7,124.6
Total shareholders’ equity 3,977.4 7,313.1
Total liabilities and shareholders’ equity $ 18,644.0 $ 22,023.5