v3.26.1
Accrued expenses and other current liabilities
 12 Months Ended
Jan. 31, 2026
Payables and Accruals [Abstract]  
Accrued expenses and other current liabilities Accrued expenses and other current liabilities
The following table provides the components of the Company’s accrued expenses and other current liabilities as of January 31, 2026 and February 1, 2025:
(in millions)January 31, 2026February 1, 2025
Accrued compensation and benefits$121.6 $82.8 
Payroll and other taxes60.7 60.7 
Accrued advertising43.7 42.4 
Other accrued expenses161.3 180.9 
Total accrued expenses and other current liabilities
$387.3 $366.8 
Certain brands within the North America reportable segment provide a product lifetime diamond guarantee as long as six-month inspections are performed and certified by an authorized store representative. Provided the customer has complied with the six-month inspection policy, the Company will replace, at no cost to the customer, any stone that chips, breaks or is lost from its original setting during normal wear. The Company estimates the warranty accrual based on the lag of actual claims experience and the costs of such claims, inclusive of labor and material. A similar product lifetime guarantee is also provided on color gemstones. The warranty reserve for diamond and gemstone guarantees, included in accrued expenses and other current liabilities and other liabilities - non-current, is as follows:
(in millions)Fiscal 2026Fiscal 2025Fiscal 2024
Warranty reserve, beginning of period$39.0 $43.7 $40.8 
Warranty expense4.3 5.8 14.9 
Utilized (1)
(9.1)(10.5)(12.0)
Warranty reserve, end of period
$34.2 $39.0 $43.7 
(1)    Includes impact of foreign exchange translation.
(in millions)January 31, 2026February 1, 2025
Disclosed as:
Accrued expenses and other current liabilities
$8.8 $10.3 
Other liabilities - non-current (see Note 23)
25.4 28.7 
Total warranty reserve$34.2 $39.0