v3.26.1
Leases
3 Months Ended
May 02, 2026
Leases [Abstract]  
Leases Leases:
For the First Quarter of Fiscal 2026, operating lease expense was $22 million and variable lease expense was $14 million, resulting in total lease expense of $36 million. In the First Quarter of Fiscal 2025, operating lease expense was $22 million and variable lease expense was $11 million, resulting in total lease expense of $33 million.
Cash paid for lease amounts included in the measurement of operating lease liabilities in the First Quarter of Fiscal 2026 and the First Quarter of Fiscal 2025 was $29 million and $23 million, respectively.
As of May 2, 2026, the stated lease liability payments for the fiscal years specified below were as follows (in thousands):
Operating lease
Remainder of 2026$61,233 
202783,823 
202881,474 
202965,535 
203055,742 
203145,717 
After 2031182,321 
Total lease payments$575,845 
Less: Difference between discounted and undiscounted lease payments126,133 
Present value of lease liabilities$449,712