INCOME TAXES (Tables)

12 Months Ended

Feb. 01, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The domestic and foreign components of (loss) income before provision for income taxes were as follows:

(In millions)	2014			2013		2012
Domestic	$	(103.4	)	$	98.7	$	229.1
Foreign	494.8			230.0		314.0
Total	$	391.4		$	328.7	$	543.1

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The (benefit) provision for income taxes attributable to income consisted of the following:

(In millions)	2014			2013			2012
Federal:
Current	$	(35.4	)	$	117.0		$	18.8
Deferred	(54.8		)	(29.3		)	35.8
State and local:
Current	3.4			5.8			4.7
Deferred	(4.3		)	(5.2		)	6.3
Foreign:
Current	15.5			124.7			35.8
Deferred	28.1			(27.7		)	7.9
Total	$	(47.5	)	$	185.3		$	109.3

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The Company’s (benefit) provision for income taxes for the years 2014, 2013 and 2012 was different from the amount computed by applying the statutory United States federal income tax rates to the underlying income as follows:

	2014		2013		2012
Statutory federal tax rate	35.0	%	35.0	%	35.0	%
State and local income taxes, net of federal income tax benefit	(1.1	)%	(3.0	)%	1.2	%
Effects of international jurisdictions, including foreign tax credits	(23.3	)%	(23.9	)%	(14.3	)%
Nondeductible professional fees in connection with acquisitions	—	%	—	%	1.0	%
Change in estimates for uncertain tax positions	(24.0	)%	44.3	%	0.7	%
Previously unrecognized tax credits	—	%	—	%	(1.0	)%
Change in valuation allowance	1.1	%	5.8	%	(1.6	)%
Other, net	0.2	%	(1.8	)%	(0.9	)%
Effective tax rate	(12.1	)%	56.4	%	20.1	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred income tax assets and liabilities were as follows:

(In millions)	2014			2013
Gross deferred tax assets
Tax loss and credit carryforwards	$	261.1		$	282.9
Employee compensation and benefits	140.7			82.4
Inventories	22.3			18.0
Accounts receivable	33.2			26.7
Accrued expenses	31.4			38.1
Other, net	26.0			40.2
Subtotal	514.7			488.3
Valuation allowances	(45.6		)	(43.6		)
Total gross deferred tax assets, net of valuation allowances	$	469.1		$	444.7
Gross deferred tax liabilities
Intangibles	$	(1,279.9	)	$	(1,197.1	)
Property, plant and equipment	(71.5		)	(75.1		)
Total gross deferred tax liabilities	$	(1,351.4	)	$	(1,272.2	)
Net deferred tax liability	$	(882.3	)	$	(827.5	)

Summary of Income Tax Contingencies [Table Text Block]

Uncertain tax positions activity for each of the last three years was as follows:

(In millions)	2014			2013			2012
Balance at beginning of year	$	485.7		$	197.9		$	184.0
Increase due to assumed Warnaco positions	—			142.8			—
Increases related to prior year tax positions	16.8			123.4			3.8
Decreases related to prior year tax positions	(239.3		)	(3.2		)	(2.7		)
Increases related to current year tax positions	38.2			64.1			22.1
Lapses in statute of limitations	(36.3		)	(38.3		)	(10.9		)
Effects of foreign currency translation	(20.6		)	(1.0		)	1.6
Balance at end of year	$	244.5		$	485.7		$	197.9

The entire amount of uncertain tax positions as of February 1, 2015, if recognized, would reduce the future effective tax rate under current accounting provisions.