v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Aug. 01, 2026
Fair Value Disclosures [Abstract]  
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 August 1, 2026
Level 1Level 2Level 3Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:
Time deposits$— $194.0 $— $194.0 
Prepaid expenses and other current assets:
Forward stock purchase contract— — 131.0 131.0 
Other non-current assets:
Marketable equity investments25.5 — — 25.5 
Securities under the NQDC plan
9.1 — — 9.1 
Severance pay fund— 0.8 — 0.8 
Total assets$34.6 $194.8 $131.0 $360.4 
Liabilities
Other non-current liabilities:
Contingent consideration liability
$— $— $749.5 $749.5 
Total liabilities$— $— $749.5 $749.5 
Fair Value Measurements at January 31, 2026
Level 1Level 2Level 3Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:
Time deposits$— $72.7 $— $72.7 
Other non-current assets:
Marketable equity investments21.7 — — 21.7 
Securities under the NQDC plan3.9 — — 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):

Three months ended August 1, 2026Six months ended August 1, 2026
Balance at beginning of period$647.6 $— 
Initial measurement on acquisition date — 315.8 
Change in fair value101.9 433.7 
Balance at August 1, 2026$749.5 $749.5