BALANCE SHEET COMPONENTS
Property, Plant and Equipment, Net
Property, plant and equipment, net, as of January 28, 2017 and January 30, 2016 consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
January 28, |
|
January 30, |
(in millions) |
|
2017 |
|
2016 |
Land |
|
$ |
193.8 |
|
|
$ |
180.8 |
|
Buildings |
|
1,044.9 |
|
|
906.0 |
|
Leasehold improvements |
|
1,690.2 |
|
|
1,556.7 |
|
Furniture, fixtures and equipment |
|
2,735.4 |
|
|
2,457.8 |
|
Construction in progress |
|
146.0 |
|
|
196.2 |
|
Total property, plant and equipment |
|
5,810.3 |
|
|
5,297.5 |
|
Less: accumulated depreciation |
|
2,694.5 |
|
|
2,172.0 |
|
Total property, plant and equipment, net |
|
$ |
3,115.8 |
|
|
$ |
3,125.5 |
|
Depreciation expense was $561.8 million, $442.1 million, and $206.0 million for the years ended January 28, 2017, January 30, 2016, and January 31, 2015, respectively.
Other Current Assets
Other current assets as of January 28, 2017 and January 30, 2016 consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
January 28, |
|
January 30, |
(in millions) |
|
2017 |
|
2016 |
Other accounts receivable |
|
$ |
82.0 |
|
|
$ |
77.8 |
|
Accounts receivable - divestiture-related |
|
55.9 |
|
|
76.9 |
|
Prepaid store supplies |
|
38.6 |
|
|
42.1 |
|
Other prepaid assets |
|
23.4 |
|
|
59.7 |
|
Prepaid rent |
|
1.9 |
|
|
53.8 |
|
Total other current assets |
|
$ |
201.8 |
|
|
$ |
310.3 |
|
Other Current Liabilities
Other current liabilities as of January 28, 2017 and January 30, 2016 consist of accrued expenses for the following:
|
|
|
|
|
|
|
|
|
|
|
|
January 28, |
|
January 30, |
(in millions) |
|
2017 |
|
2016 |
Compensation and benefits |
|
$ |
194.9 |
|
|
$ |
195.8 |
|
Taxes (other than income taxes) |
|
163.1 |
|
|
143.1 |
|
Insurance |
|
101.7 |
|
|
111.1 |
|
Accrued interest |
|
84.7 |
|
|
92.8 |
|
Rent liabilities |
|
36.1 |
|
|
35.8 |
|
Accrued construction costs |
|
30.3 |
|
|
39.5 |
|
Accrued utility expenses |
|
21.2 |
|
|
20.8 |
|
Accrued repairs |
|
18.3 |
|
|
3.6 |
|
Other |
|
93.9 |
|
|
80.1 |
|
Total other current liabilities |
|
$ |
744.2 |
|
|
$ |
722.6 |
|
Other Liabilities
Other long-term liabilities as of January 28, 2017 and January 30, 2016 consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
January 28, |
|
January 30, |
(in millions) |
|
2017 |
|
2016 |
Deferred rent |
|
$ |
122.6 |
|
|
$ |
102.2 |
|
Insurance |
|
224.0 |
|
|
205.1 |
|
Other |
|
35.8 |
|
|
45.9 |
|
Total other long-term liabilities |
|
$ |
382.4 |
|
|
$ |
353.2 |
|
|