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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 04, 2024
Jan. 29, 2023
Current Assets:    
Cash and cash equivalents $ 707.6 $ 550.7
Trade receivables, net of allowances for credit losses of $41.1 and $42.6 793.3 923.7
Other receivables 13.9 21.5
Inventories, net 1,419.7 1,802.6
Prepaid expenses 237.7 209.2
Other 87.5 72.7
Total Current Assets 3,259.7 3,580.4
Property, Plant and Equipment, net [1] 862.6 904.0
Operating Lease Right-of-Use Assets 1,213.8 1,295.7
Goodwill 2,322.1 2,359.0
Tradenames 2,599.1 2,701.1
Other Intangibles, net 498.3 548.8
Other Assets, including deferred taxes of $33.8 and $33.8 417.3 379.3
Total Assets [2] 11,172.9 11,768.3 [3] CloseClose
Current Liabilities:     Close
Accounts payable 1,073.4 1,327.4 Close
Accrued expenses 776.2 874.0 Close
Deferred revenue 55.5 54.3 Close
Current portion of operating lease liabilities 288.9 353.7 Close
Short-term borrowings 0.0 46.2 Close
Current portion of long-term debt 577.5 111.9 Close
Total Current Liabilities 2,771.5 2,767.5
Long-Term Portion of Operating Lease Liabilities 1,075.8 1,140.0 Close
Long-Term Debt 1,591.7 2,177.0 Close
Other Liabilities, including deferred taxes of $346.1 and $357.5 615.0 671.1 Close
Stockholders' Equity:    
Total Liabilities 6054.0 6755.6 0.0 0 0 Close
Preferred stock, par value $100 per share; 150,000 total shares authorized 0.0 0.0 Close
Common stock, par value $1 per share; 240,000,000 shares authorized; 88,567,275 and 87,641,611 shares issued 88.6 87.6
Additional paid in capital - common stock 3,313.3 3,244.5
Retained earnings 5,407.3 4,753.1
Accumulated other comprehensive loss (753.6) (713.1)
Less: 30,934,587 and 24,932,374 shares of common stock held in treasury, at cost (2,936.7) (2,359.4)
Total Stockholders' Equity 5,118.9 5,012.7 CloseClose
Total Liabilities and Stockholders' Equity $ 11,172.9 $ 11,768.3
[1] Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.
[2] Identifiable assets included the impact of changes in foreign currency exchange rates.
[3] Identifiable assets in 2022 included a reduction of $417.1 million related to the noncash goodwill impairment. Please see Note 7, “Goodwill and Other Intangible Assets,” for further discussion.