Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 03, 2025
Feb. 01, 2025
May 04, 2024
Current assets:      
Cash and cash equivalents $ 1,007.4 $ 1,256.5 $ 390.6
Merchandise inventories 2,704.0 2,672.0 2,456.9
Other current assets 179.8 169.8 265.2
Current assets of discontinued operations 4,705.5 5,008.9 2,969.5
Total current assets 8,596.7 9,107.2 6,082.2
Restricted cash 76.7 75.7 73.2
Property, plant and equipment, net of accumulated depreciation of $4,483.9, $4,332.3 and $4,233.9, respectively 4,587.9 4,499.3 3,947.0
Operating lease right-of-use assets 4,205.6 4,146.4 3,699.9
Goodwill 422.6 421.2 422.8
Deferred income taxes, net 268.7 260.6 8.7
Other assets 133.0 133.6 98.8
Noncurrent assets of discontinued operations 0.0 0.0 7,777.6
Total assets 18,291.2 18,644.0 22,110.2
Current liabilities:      
Current portion of long-term debt 1,000.0 1,000.0 0.0
Current portion of operating lease liabilities 971.3 960.7 901.4
Accounts payable 1,572.0 1,705.8 1,305.3
Income taxes payable 239.9 120.1 82.9
Other current liabilities 549.9 574.4 512.5
Current liabilities of discontinued operations 3,903.7 4,224.9 1,954.2
Total current liabilities 8,236.8 8,585.9 4,756.3
Long-term debt, net, excluding current portion 2,428.8 2,431.2 3,427.5
Operating lease liabilities, long-term 3,507.3 3,438.7 3,061.9
Deferred income taxes, net 0.0 0.0 902.4
Income taxes payable, long-term 27.3 28.2 22.4
Other liabilities 186.2 182.6 141.1
Noncurrent liabilities of discontinued operations 0.0 0.0 2,486.2
Total liabilities 14,386.4 14,666.6 14,797.8
Contingencies (Note 3)
Shareholders’ equity:      
Common stock, par value $0.01; 600,000,000 shares authorized, 210,151,340, 215,078,018 and 216,165,909 shares issued and outstanding, respectively 2.1 2.2 2.2
Additional paid-in capital 0.0 92.9 0.0
Accumulated other comprehensive loss (53.6) (59.2) (45.6)
Retained earnings 3,956.3 3,941.5 7,355.8
Total shareholders’ equity 3,904.8 3,977.4 7,312.4
Total liabilities and shareholders’ equity $ 18,291.2 $ 18,644.0 $ 22,110.2