| BALANCE SHEET COMPONENTS |
BALANCE SHEET COMPONENTS
Property, Plant and Equipment, Net
Property, plant and equipment, net, as of February 3, 2018 and January 28, 2017 consists of the following:
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February 3, |
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January 28, |
(in millions) |
|
2018 |
|
2017 |
Land |
|
$ |
208.0 |
|
|
$ |
193.8 |
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Buildings |
|
1,092.5 |
|
|
1,044.9 |
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Leasehold improvements |
|
1,860.2 |
|
|
1,690.2 |
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Furniture, fixtures and equipment |
|
3,003.3 |
|
|
2,735.4 |
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Construction in progress |
|
228.8 |
|
|
146.0 |
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Total property, plant and equipment |
|
6,392.8 |
|
|
5,810.3 |
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Less: accumulated depreciation |
|
3,192.1 |
|
|
2,694.5 |
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Total property, plant and equipment, net |
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$ |
3,200.7 |
|
|
$ |
3,115.8 |
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Depreciation expense was $542.0 million, $561.8 million, and $442.1 million for the years ended February 3, 2018, January 28, 2017, and January 30, 2016, respectively.
Other Current Assets
Other current assets as of February 3, 2018 and January 28, 2017 consist of the following:
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February 3, |
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January 28, |
(in millions) |
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2018 |
|
2017 |
Prepaid rent |
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$ |
138.3 |
|
|
$ |
1.9 |
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Other accounts receivable |
|
90.4 |
|
|
82.0 |
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Prepaid store supplies |
|
47.1 |
|
|
38.6 |
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Other prepaid assets |
|
33.4 |
|
|
23.4 |
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Accounts receivable - divestiture-related |
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— |
|
|
55.9 |
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Total other current assets |
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$ |
309.2 |
|
|
$ |
201.8 |
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Other Current Liabilities
Other current liabilities as of February 3, 2018 and January 28, 2017 consist of accrued expenses for the following:
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February 3, |
|
January 28, |
(in millions) |
|
2018 |
|
2017 |
Taxes (other than income taxes) |
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$ |
176.6 |
|
|
$ |
163.1 |
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Compensation and benefits |
|
155.2 |
|
|
194.9 |
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Insurance |
|
105.4 |
|
|
101.7 |
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Accrued interest |
|
91.1 |
|
|
84.7 |
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Accrued construction costs |
|
45.0 |
|
|
30.3 |
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Rent liabilities |
|
34.1 |
|
|
36.1 |
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Accrued utility expenses |
|
23.9 |
|
|
21.2 |
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Accrued repairs |
|
18.8 |
|
|
18.3 |
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Other |
|
86.8 |
|
|
93.9 |
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Total other current liabilities |
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$ |
736.9 |
|
|
$ |
744.2 |
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Other Liabilities
Other long-term liabilities as of February 3, 2018 and January 28, 2017 consist of the following:
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February 3, |
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January 28, |
(in millions) |
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2018 |
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2017 |
Insurance |
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$ |
230.2 |
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$ |
224.0 |
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Deferred rent |
|
136.5 |
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|
122.6 |
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Other |
|
33.6 |
|
|
35.8 |
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Total other long-term liabilities |
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$ |
400.3 |
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$ |
382.4 |
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