v3.26.1
Debt (Tables)
3 Months Ended
May 02, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
The following table summarizes the Company’s outstanding debt at May 2, 2026 and January 31, 2026 (in millions):

Effective Interest RateMay 2,
2026
January 31,
2026
Face Value Outstanding:
4.875% MTG/MTI 2028 Senior Notes
4.940% / 4.988%
$499.9 $499.9 
1.650% 2026 Senior Notes
1.839%— 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%500.0 500.0 
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%500.0 500.0 
5.300% 2036 Senior Notes
5.358%1,000.0 — 
Total borrowings$4,999.9 $4,499.9 
Less: Unamortized debt discount and issuance cost(38.6)(29.3)
Net carrying amount of debt$4,961.3 $4,470.6 
Less: Current portion (1)— 499.8 
Non-current portion$4,961.3 $3,970.8 
(1) The weighted-average interest rate on short-term debt outstanding at January 31, 2026 was 1.650%.
Schedule of Aggregate Future Contractual Maturities of Debt
As of May 2, 2026, the aggregate future contractual maturities of the Company’s outstanding debt, at face value, are as follows (in millions):

Fiscal YearAmount
Remainder of 2027$— 
2028— 
20291,249.9 
2030500.0 
2031500.0 
Thereafter2,750.0 
Total $4,999.9