v3.25.2
Financial Instruments (Tables)
6 Months Ended
Aug. 03, 2025
Fair Value Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents
The following table includes a summary of financial instruments measured at fair value as of August 3, 2025 (in millions):

Level 1Level 2Level 3
Cash$492.8 $— $— 
U.S. Treasury securities99.0 — — 
Cash and cash equivalents591.8 — — 
Equity investments1.2 — — 
Marketable securities1.2 — — 
Total financial instruments$593.0 $— $— 

The following table includes a summary of financial instruments measured at fair value as of February 2, 2025 (in millions):

Level 1Level 2Level 3
Cash$595.8 $— $— 
Cash and cash equivalents595.8 — — 
Equity investments0.9 — — 
Marketable securities0.9 — — 
Unvested equity warrants4.9 
Total financial instruments$596.7 $— $4.9 
Schedule of Changes in Fair Value for Financial Instruments Using Unobservable Level 3 Inputs
The following table summarizes the change in fair value for financial instruments using unobservable Level 3 inputs (in millions):
26 Weeks Ended
August 3, 2025July 28, 2024
Beginning balance$4.9 $2.2 
Equity warrants terminated
(4.9)— 
Change in fair value of unvested equity warrants— 4.0 
Equity warrants vested— (3.2)
Ending balance$— $3.0