Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 02, 2026
Jan. 31, 2026
May 03, 2025
Current assets:      
Cash and cash equivalents $ 1,007.3 $ 717.8 $ 1,007.4
Merchandise inventories 2,470.8 2,495.4 2,704.0
Other current assets 220.3 233.0 179.8
Current assets of discontinued operations 0.0 0.0 4,705.5
Total current assets 3,698.4 3,446.2 8,596.7
Restricted cash 43.4 42.9 76.7
Property, plant and equipment, net of accumulated depreciation of $5,003.5, $4,848.5 and $4,483.9, respectively 5,028.1 4,959.6 4,587.9
Operating lease right-of-use assets 4,478.2 4,435.1 4,205.6
Goodwill 423.0 423.2 422.6
Deferred income taxes, net 1.7 1.0 268.7
Other assets 151.0 158.2 133.0
Total assets 13,823.8 13,466.2 18,291.2
Current liabilities:      
Current portion of long-term debt 0.0 0.0 1,000.0
Current portion of operating lease liabilities 1,005.2 1,000.2 971.3
Accounts payable 1,563.8 1,530.7 1,572.0
Income taxes payable 0.0 0.0 239.9
Other current liabilities 615.4 697.7 549.9
Current liabilities of discontinued operations 0.0 0.0 3,903.7
Total current liabilities 3,184.4 3,228.6 8,236.8
Long-term debt, net, excluding current portion 2,932.6 2,431.7 2,428.8
Operating lease liabilities, long-term 3,655.5 3,623.7 3,507.3
Deferred income taxes, net 264.3 153.3 0.0
Income taxes payable, long-term 27.5 29.7 27.3
Other liabilities 252.5 244.3 186.2
Total liabilities 10,316.8 9,711.3 14,386.4
Contingencies (Note 3)
Shareholders’ equity:      
Common stock, par value $0.01; 600,000,000 shares authorized, 193,393,380, 198,505,205 and 210,151,340 shares issued and outstanding, respectively 1.9 2.0 2.1
Additional paid-in capital 0.0 0.0 0.0
Accumulated other comprehensive loss (51.5) (50.7) (53.6)
Retained earnings 3,556.6 3,803.6 3,956.3
Total shareholders’ equity 3,507.0 3,754.9 3,904.8
Total liabilities and shareholders’ equity $ 13,823.8 $ 13,466.2 $ 18,291.2