XML 38 R24.htm IDEA: XBRL DOCUMENT v3.6.0.2
ACCUMULATED OTHER COMPREHENSIVE LOSS
12 Months Ended
Jan. 29, 2017
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Loss
ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents the changes in AOCL, net of related taxes, by component:

(In millions)
Foreign currency translation adjustments
 
Retirement liability adjustment
 
Net unrealized and realized gain on effective cash flow hedges
 
Total
Balance at February 1, 2015
$
(496.2
)
 
$
0.4

 
$
79.3

 
$
(416.5
)
Other comprehensive (loss) income before reclassifications
(234.3
)
 

 
33.1

 
(201.2
)
Less: Amounts reclassified from AOCL

 
0.3

 
86.2

 
86.5

Other comprehensive loss
(234.3
)
 
(0.3
)
 
(53.1
)
 
(287.7
)
Balance at January 31, 2016
$
(730.5
)
 
$
0.1

 
$
26.2

 
$
(704.2
)
Other comprehensive (loss) income before reclassifications
(63.8
)
(1) 

 
5.2

 
(58.6
)
Less: Amounts reclassified from AOCL
(56.7
)
(2) 
0.2

 
4.5

 
(52.0
)
Other comprehensive (loss) income
(7.1
)
 
(0.2
)
 
0.7

 
(6.6
)
Balance at January 29, 2017
$
(737.6
)
 
$
(0.1
)
 
$
26.9

 
$
(710.8
)

    
The following table presents reclassifications out of AOCL to earnings:

(In millions)
Amount Reclassified from AOCL
 
Amount Reclassified from AOCL
 
Affected Line Item in the Company’s Consolidated Income Statements
 
2016
 
2015
 
 
Realized gain (loss) on effective cash flow hedges:
 
 
 
 
 
Foreign currency forward exchange contracts (inventory purchases)
$
14.0

 
$
92.1

 
Cost of goods sold
Interest rate contracts
(12.1
)
 
(3.7
)
 
Interest expense
Less: Tax effect
(2.6
)
 
2.2

 
Income tax expense
Total, net of tax
$
4.5

 
$
86.2

 
 
 
 
 
 
 
 
Amortization of retirement liability items:
 
 
 
 
 
Prior service credit
$
0.4

 
$
0.5

 
Selling, general and administrative expenses
Less: Tax effect
0.2

 
0.2

 
Income tax expense
Total, net of tax
$
0.2

 
$
0.3

 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Mexico deconsolidation

$
(56.7
)
(2) 
$

 
Other noncash gain, net

Less: Tax effect

 

 
Income tax expense
Total, net of tax
$
(56.7
)
 
$

 
 

(1) 
Foreign currency translation adjustment losses included a net gain on net investment hedge of $14.1 million.

(2) 
Foreign currency translation adjustment losses were reclassified from AOCL during the fourth quarter of 2016 in connection with the Mexico deconsolidation. Please see Note 5, “Investments in Unconsolidated Affiliates,” for a further discussion.