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

Leases (Tables)

12 Months Ended

Feb. 01, 2025

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


	Year Ended
(in millions)	February 1, 2025		February 3, 2024		January 28, 2023
Operating lease cost	$	1,041.6	$	948.1	$	907.2
Variable lease cost	328.9		296.0		279.7
Short-term lease cost	21.5		15.6		8.9
Total lease cost*	$	1,392.0	$	1,259.7	$	1,195.8

*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 1, 2025		February 3, 2024		January 28, 2023
Weighted-average remaining lease term (years)	5.6		5.4		5.2
Weighted-average discount rate	4.6	%	4.0	%	3.4	%

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


	Year Ended
(in millions)	February 1, 2025		February 3, 2024		January 28, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,047.6	$	1,038.6	$	900.4
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,378.5	$	1,113.0	$	765.1

As of February 1, 2025, maturities of lease liabilities were as follows:


Fiscal Year	(in millions)
2025	$	1,014.3
2026	986.6
2027	826.9
2028	646.0
2029	476.5
Thereafter	923.4
Total undiscounted lease payments	4,873.7
Less interest	474.3
Present value of lease liabilities	$	4,399.4