v3.25.2
Leases
6 Months Ended
Aug. 02, 2025
Leases [Abstract]  
Leases Leases:
For the Second Quarter of Fiscal 2025, operating lease expense was $22 million and variable lease expense was $11 million, resulting in total lease expense of $33 million compared to $31 million of total lease expense in the Second Quarter of Fiscal 2024. For the First Half of Fiscal 2025, operating lease expense was $43 million and variable lease expense was $23 million, resulting in total lease expense of $66 million compared to $63 million of total lease expense in the First Half of Fiscal 2024.
Cash paid for lease amounts included in the measurement of operating lease liabilities in the First Half of Fiscal 2025 and the First Half of Fiscal 2024 was $46 million and $43 million, respectively.
As of August 2, 2025, the stated lease liability payments for the fiscal years specified below were as follows (in thousands):
Operating lease
Remainder of 2025$37,466 
202682,529 
202775,031 
202871,862 
202956,805 
203046,372 
After 2030185,442 
Total lease payments$555,507 
Less: Difference between discounted and undiscounted lease payments123,504 
Present value of lease liabilities$432,003