SUBSEQUENT EVENTS SUBSEQUENT EVENTS (Notes)

12 Months Ended

Jan. 29, 2017

Subsequent Events [Abstract]

SUBSEQUENT EVENTS [Text Block]

SUBSEQUENT EVENTS (UNAUDITED)

Subsequent to January 29, 2017, the Company completed the purchase of a group annuity using assets from the Pension Plans. Under the group annuity, the accrued pension obligations of approximately 4,000 select retiree participants who have deferred vested benefits under the Pension Plans were transferred to an insurer. The amount of the pension benefit obligation transferred was approximately $65.3 million.

On March 20, 2017, the Company entered into agreements for a transaction to restructure its supply chain relationship with Li & Fung Trading Limited (“Li & Fung”). The transaction establishes a new strategic partnership with Li & Fung to provide services to the Company and also provides for the termination of the Company’s non-exclusive buying agency agreement with Li & Fung, pursuant to which the Company is obligated to source certain Calvin Klein Jeans products and at least 54% of certain Tommy Hilfiger products through Li & Fung. The transaction is expected to close July 1, 2017. The Company expects to incur one-time costs of approximately $55.0 million principally in connection with the termination of the non-exclusive buying agency agreement.