Restructuring (Tables)

12 Months Ended

Jan. 31, 2026

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Other Related Charges

The following table provides a summary of restructuring related charges as presented in the consolidated statements of operations (in millions):


	Year Ended
	January 31, 2026		February 1, 2025		February 3, 2024
Restructuring related charges in cost of goods sold	$	0.5	$	357.9	$	—
Restructuring related charges, net in operating expenses	15.5		353.9		131.1
Restructuring related charges included in net income (loss)	$	16.0	$	711.8	$	131.1

The following table presents details related to the restructuring related charges as presented in the consolidated statements of operations (in millions):


	Year Ended
	January 31, 2026		February 1, 2025		February 3, 2024
Employee severance and related costs	$	7.0	$	26.3	$	93.9
Impairment and write-off of assets
Acquired intangible assets	—		240.1		—
Purchased technology licenses	—		159.0		28.6
Inventories	—		63.1		—
Property and equipment	—		36.0		—
Other non-current assets	—		25.2		—
Recognition of contractual obligations	23.5		114.0		—

Other, net	(14.5)		48.1		8.6
	$	16.0	$	711.8	$	131.1

Schedule of Restructuring Reserve by Type of Cost

The following table sets forth a reconciliation of the beginning and ending restructuring liability balances by each major type of cost associated with the restructuring charges (in millions):



	Prior Restructuring Plans	Fiscal 2024 Plan	Fiscal 2025 Plan
				Other Exit Related Costs		Employee Severance and Related Costs		Other Exit Related Costs		Employee Severance and Related Costs		Other Exit Related Costs		Total






































Balance at February 3, 2024				$	0.8	$	15.5	$	0.7	$	—	$	—	$	17.0
Charges (1)				—		6.9		2.2		19.4		156.8		185.3
Net cash payments				(0.8)		(22.4)		(0.7)		(6.5)		(11.4)		(41.8)
Non-cash items (2)				—		—		(2.2)		—		170.8		168.6
Balance at February 1, 2025				—		—		—		12.9		316.2		329.1
Charges (3)				—		—		—		7.0		23.0		30.0
Net cash payments				—		—		—		(19.5)		(82.1)		(101.6)
Balance at January 31, 2026				—		—		—		0.4		257.1		257.5
Less: non-current portion				—		—		—		—		193.9		193.9
Current portion				$	—	$	—	$	—	$	0.4	$	63.2	$	63.6

(1)Impairment and other non-cash charges of $526.5 million recognized in fiscal 2025 were recorded directly to the consolidated statements of operations and were not included in the restructuring liability balances above.

(2)Includes recognition of restructuring liabilities for contractual obligations as a result of the cease use of related assets.

(3)Restructuring gain related to sale of property of $14.0 million recognized in fiscal 2026 was recorded directly to the consolidated statements of operations and was not included in the restructuring liability balances above. The sale of property was affected by a prior restructuring plan associated with project and facility reductions to optimize resources.