FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Feb. 01, 2015

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:

(In millions)	2014							2013
	Level 1	Level 2		Level 3		Total		Level 1	Level 2		Level 3		Total
Assets:
Foreign currency forward exchange contracts	N/A	$	110.4	N/A		$	110.4	N/A	$	5.8	N/A		$	5.8
Interest rate contracts	N/A	0.6		N/A		0.6		N/A	2.2		N/A		2.2
Total Assets	N/A	$	111.0	N/A		$	111.0	N/A	$	8.0	N/A		$	8.0
Liabilities:
Foreign currency forward exchange contracts	N/A	$	1.3	N/A		$	1.3	N/A	$	6.2	N/A		$	6.2
Interest rate contracts	N/A	15.3		N/A		15.3		N/A	6.8		N/A		6.8
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India	N/A	N/A		$	4.0	4.0		N/A	N/A		$	4.2	4.2
Total Liabilities	N/A	$	16.6	$	4.0	$	20.6	N/A	$	13.0	$	4.2	$	17.2

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents the change in the Level 3 contingent purchase price payment liability during 2014 and 2013:

(In millions)	2014			2013
Beginning Balance	$	4.2		$	7.0
Payments	(0.6		)	(0.4		)
Adjustments included in earnings	0.4			(2.4		)
Ending Balance	$	4.0		$	4.2

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

Additional information with respect to assumptions used to value the contingent purchase price payment liability as of February 1, 2015 is as follows:

Unobservable Inputs	Amount
Approximate compounded annual net sales growth rate	35.0	%
Approximate discount rate	15.0	%

A five percentage point increase or decrease in the discount rate would change the liability by approximately $0.5 million.

A five percentage point increase or decrease in the compounded annual net sales growth rate would change the liability by approximately $0.5 million.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis and Recorded Impairment [Table Text Block]

The following table shows the fair value of the Company’s non-financial assets and liabilities that were required to be remeasured at fair value on a nonrecurring basis (consisting of property, plant and equipment, other long-lived assets and goodwill) during 2014 and 2013, and the total impairments recorded as a result of the remeasurement process:

(In millions)	Fair Value Measurement Using				Fair Value As Of Impairment Date		Total  Impairments
	Level 1	Level 2	Level 3
2014	N/A	N/A	$	1.3	$	1.3	$	29.7
2013	N/A	N/A	$	1.1	$	1.1	$	8.8

Long-lived assets with a carrying amount of $13.3 million were written down to a fair value of $1.3 million during 2014 in connection with the financial performance in certain of the Company’s retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using current sales trends and market participant assumptions. The $12.0 million impairment charge was included in selling, general and administrative expenses, of which $0.1 million was recorded in the Calvin Klein North America segment, $3.8 million was recorded in the Calvin Klein International segment, $3.4 million was recorded in the Tommy Hilfiger North America segment, $1.7 million was recorded in the Tommy Hilfiger International segment and $3.0 million was recorded in the Heritage Brands Retail segment.

Long-lived assets with a carrying amount of $5.8 million and goodwill of $11.9 million were written down to a fair value of zero during 2014 in connection with the exit of the Company’s Izod retail business. The impairment charge was included in selling, general and administrative expenses in the Heritage Brands Retail segment.

Long-lived assets with a carrying amount of $8.7 million were written down to a fair value of $1.1 million during 2013 in connection with the financial performance in certain of the Company’s retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using current sales trends and market participant assumptions. The impairment charge of $7.6 million was included in selling, general and administrative expenses, of which $0.8 million was recorded in the Calvin Klein North America segment, $1.0 million was recorded in the Calvin Klein International segment, $3.1 million was recorded in the Tommy Hilfiger North America segment, $2.2 million was recorded in the Tommy Hilfiger International segment and $0.5 million was recorded in the Heritage Brands Retail segment.    

Long-lived assets with a carrying amount of $1.2 million were written down to a fair value of zero during 2013 in connection with the sale of substantially all of the assets of the Company’s Bass business. The impairment charge was included in selling, general and administrative expenses in the Heritage Brands Retail segment.

In connection with the sale of substantially all of the assets of the Company’s Bass business in the fourth quarter of 2013, the Company guaranteed lease payments for substantially all Bass retail stores included in the sale pursuant to the terms of

noncancelable leases expiring on various dates through 2022. These guarantees include minimum rent payments and relate to

leases that commenced prior to the sale of the Bass assets. In certain instances, the Company’s guarantee remains in effect

when an option is exercised to extend the term of the lease. The estimated fair value of these guarantee obligations as of February 1, 2015 was $3.0 million, which was included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheet. The Company classifies this as a Level 3 measurement. The fair value of such guarantee obligations was determined using the discounted cash flow method, based on the guaranteed lease payments, the estimated probability of lease extensions and estimates of the risk of default by the buyer of the Bass assets, and was discounted using rates of return that account for the relative risks of the estimated future cash flows.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt were as follows:

(In millions)	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	479.3	$	479.3	$	593.2	$	593.2
Short-term borrowings	8.5		8.5		6.8		6.8
Long-term debt (including portion classified as current)	3,538.0		3,567.7		3,963.2		4,025.3

The fair values of cash and cash equivalents and short-term borrowings approximate their carrying values due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable year. The Company classifies the measurement of its long-term debt as a Level 1 measurement.