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

Leases (Tables)

12 Months Ended

Jan. 31, 2026

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


	Year Ended
(in millions)	January 31, 2026		February 1, 2025		February 3, 2024
Fixed lease cost	$	1,131.9	$	1,041.6	$	948.1
Variable lease cost	367.0		328.9		296.0
Short-term lease cost	11.1		21.5		15.6
Total lease cost*	$	1,510.0	$	1,392.0	$	1,259.7

*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:


	January 31, 2026		February 1, 2025		February 3, 2024
Weighted-average remaining lease term (years)	5.7		5.6		5.4
Weighted-average discount rate	4.9	%	4.6	%	4.0	%

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


	Year Ended
(in millions)	January 31, 2026		February 1, 2025		February 3, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,176.9	$	1,047.6	$	1,038.6
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,207.0	$	1,378.5	$	1,113.0

As of January 31, 2026, maturities of lease liabilities were as follows:


Fiscal Year	(in millions)
2026	$	1,098.9
2027	1,071.1
2028	888.4
2029	715.9
2030	523.3
Thereafter	1,045.2
Total undiscounted lease payments	5,342.8
Less interest	718.9
Present value of lease liabilities	$	4,623.9