v3.25.4
Debt (Tables)
12 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
The following table summarizes the Company’s outstanding debt at January 31, 2026 and February 1, 2025 (in millions):

Effective Interest RateJanuary 31,
2026
February 1,
2025
Face Value Outstanding:
2026 Term Loan - 5-Year Tranche$— $590.6 
Term Loan Total— 590.6 
4.875% MTG/MTI 2028 Senior Notes
4.940% / 4.988%
499.9 499.9 
1.650% 2026 Senior Notes
1.839%500.0 500.0 
2.450% 2028 Senior Notes
2.554%750.0 750.0 
5.750% 2029 Senior Notes
5.891%500.0 500.0 
4.750% 2030 Senior Notes
4.880%500.0 — 
2.950% 2031 Senior Notes
3.043%750.0 750.0 
5.950% 2033 Senior Notes
6.082%500.0 500.0 
5.450% 2035 Senior Notes
5.531%500.0 — 
Senior Notes Total4,499.9 3,499.9 
Total borrowings$4,499.9 $4,090.5 
Less: Unamortized debt discount and issuance cost(29.3)(26.7)
Net carrying amount of debt$4,470.6 $4,063.8 
Less: Current portion (1)499.8 129.5 
Non-current portion$3,970.8 $3,934.3 

(1)As of January 31, 2026, the current portion of outstanding debt that is due within twelve months includes the 2026 Senior Notes. The Company intends to repay the current balance with operating cash flows. The weighted-average interest rate on short-term debt outstanding at January 31, 2026 and February 1, 2025 was 1.650% and 5.785%, respectively.
Schedule of Aggregate Future Contractual Maturities of Debt
As of January 31, 2026, the aggregate future contractual maturities of the Company’s outstanding debt, at face value, were as follows (in millions):

Fiscal YearAmount
2027$500.0 
2028— 
20291,249.9 
2030500.0 
2031500.0 
Thereafter1,750.0 
Total$4,499.9