Fair Value Measurements (Tables)

3 Months Ended

May 02, 2026

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The tables below set forth, by level, the Company’s assets that are measured at fair value on a recurring basis. The tables do not include assets that are measured at historical cost or any basis other than fair value (in millions):


	Fair Value Measurements at May 2, 2026
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:

Time deposits	$	—	$	667.2	$	—	$	667.2











Prepaid expenses and other current assets:
Forward stock purchase contract	—		—		81.1		81.1



Other non-current assets:
Marketable equity investments	40.3		—		—		40.3
Securities under the NQDC plan	7.0		—		—		7.0
Severance pay fund	—		0.8		—		0.8
Total assets	$	47.3	$	668.0	$	81.1	$	796.4
Liabilities
Other non-current liabilities:
Contingent consideration liability	$	—	$	—	$	647.6	$	647.6
Total liabilities	$	—	$	—	$	647.6	$	647.6


	Fair Value Measurements at January 31, 2026
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:

Time deposits	$	—	$	72.7	$	—	$	72.7















Other non-current assets:
Marketable equity investments	21.7		—		—		21.7
Securities under the NQDC plan	3.9		—		—		3.9
Severance pay fund	—		0.7		—		0.7
Total assets	$	25.6	$	73.4	$	—	$	99.0

Schedule of Changes in Contingent Consideration Liability

The following table presents the changes in contingent consideration liability (in millions):


Balance at January 31, 2026	$	—
Initial measurement on acquisition date	315.8
Change in fair value	331.8
Balance at May 2, 2026	$	647.6