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

CONSOLIDATED BALANCE SHEETS

v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Current assets:    
Cash and cash equivalents $ 717.8 $ 1,256.5
Merchandise inventories 2,495.4 2,672.0
Other current assets 233.0 169.8
Current assets of discontinued operations 0.0 5,008.9
Total current assets 3,446.2 9,107.2
Property, plant and equipment, net of accumulated depreciation of $4,848.5 and $4,332.3, respectively 4,959.6 4,499.3
Restricted cash 42.9 75.7
Operating lease right-of-use assets 4,435.1 4,146.4
Goodwill 423.2 421.2
Deferred income taxes, net 1.0 260.6
Other assets 158.2 133.6
Total assets 13,466.2 18,644.0
Current liabilities:    
Current portion of long-term debt 0.0 1,000.0
Current portion of operating lease liabilities 1,000.2 960.7
Accounts payable 1,530.7 1,705.8
Income taxes payable 0.0 120.1
Other current liabilities 697.7 574.4
Current liabilities of discontinued operations 0.0 4,224.9
Total current liabilities 3,228.6 8,585.9
Long-term debt, net, excluding current portion 2,431.7 2,431.2
Operating lease liabilities, long-term 3,623.7 3,438.7
Deferred income taxes, net 153.3 0.0
Income taxes payable, long-term 29.7 28.2
Other liabilities 244.3 182.6
Total liabilities 9,711.3 14,666.6
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, par value $0.01; 600,000,000 shares authorized, 198,505,205 and 215,078,018 shares issued and outstanding at January 31, 2026 and February 1, 2025, respectively 2.0 2.2
Additional paid-in capital 0.0 92.9
Accumulated other comprehensive loss (50.7) (59.2)
Retained earnings 3,803.6 3,941.5
Total shareholders’ equity 3,754.9 3,977.4
Total liabilities and shareholders’ equity $ 13,466.2 $ 18,644.0