v3.26.1
Leases
6 Months Ended
Aug. 01, 2026
Leases [Abstract]  
Leases Leases:
For the Second Quarter of Fiscal 2026, operating lease expense was $23 million and variable lease expense was $11 million, resulting in total lease expense of $34 million. In the Second 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. For the First Half of Fiscal 2026, operating lease expense was $45 million and variable lease expense was $25 million, resulting in total lease expense of $70 million. For the First Half of Fiscal 2025, operating lease expense was $43 million and variable lease expense was $23 million, resulting in total lease expense of $66 million.
Cash paid for lease amounts included in the measurement of operating lease liabilities in the First Half of Fiscal 2026 and the First Half of Fiscal 2025 was $54 million and $46 million, respectively.
As of August 1, 2026, the stated lease liability payments for the fiscal years specified below were as follows (in thousands):
Operating lease
Remainder of 2026$39,332 
202786,997 
202884,888 
202968,594 
203058,864 
203147,654 
After 2031189,172 
Total lease payments$575,501 
Less: Difference between discounted and undiscounted lease payments124,660 
Present value of lease liabilities$450,841