| Reconciliation between Cash, Cash Equivalents, Restricted Cash from Continuing Operations |
The following is a reconciliation between “Cash and cash equivalents” and “Restricted cash” of continuing operations presented in the Consolidated Balance Sheets and the total cash, cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows:
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| (in millions) |
|
February 1, 2025 |
|
February 3, 2024 |
| Cash and cash equivalents on the Consolidated Balance Sheets |
|
$ |
1,256.5 |
|
|
$ |
425.2 |
|
| Restricted cash on the Consolidated Balance Sheets |
|
75.7 |
|
|
72.3 |
|
Cash, cash equivalents and restricted cash of discontinued operations
included in current and noncurrent assets of discontinued
operations on the Consolidated Balance Sheets |
|
179.0 |
|
|
259.7 |
|
Total cash, cash equivalents and restricted cash on the Consolidated
Statements of Cash Flows |
|
$ |
1,511.2 |
|
|
$ |
757.2 |
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|
| Schedule of Property, Plant and Equipment, Net |
In accordance with ASC Topic 360 “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:
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|
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| Buildings |
39 to 40 years |
| Building improvements |
20 years |
| Furniture, fixtures and equipment, software |
3 to 15 years |
| Leasehold improvements |
Shorter of remaining lease term or related asset life |
Property, plant and equipment, net, as of February 1, 2025 and February 3, 2024 consists of the following:
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| (in millions) |
|
February 1, 2025 |
|
February 3, 2024 |
| Land |
|
$ |
162.7 |
|
|
$ |
161.3 |
|
| Buildings |
|
1,403.3 |
|
|
1,229.2 |
|
| Leasehold improvements |
|
2,766.8 |
|
|
2,396.1 |
|
| Furniture, fixtures and equipment |
|
3,589.1 |
|
|
3,242.6 |
|
| Construction in progress |
|
909.7 |
|
|
1,024.3 |
|
| Total property, plant and equipment |
|
8,831.6 |
|
|
8,053.5 |
|
| Less: accumulated depreciation |
|
4,332.3 |
|
|
4,231.4 |
|
| Total property, plant and equipment, net |
|
$ |
4,499.3 |
|
|
$ |
3,822.1 |
|
|