SEGMENT DATA (Tables)

12 Months Ended

Jan. 29, 2017

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present summarized information by segment:



(In millions)	2016		⁽¹⁾	2015		⁽¹⁾	2014
Revenue – Calvin Klein North America
Net sales	$	1,513.0		$	1,457.0		$	1,391.1
Royalty revenue	131.7			133.7			115.6
Advertising and other revenue	45.2			44.0			44.1
Total	1,689.9			1,634.7			1,550.8

Revenue – Calvin Klein International
Net sales	1,346.2			1,183.4			1,198.8
Royalty revenue	72.9			78.2			78.6
Advertising and other revenue	26.2			26.3			30.6
Total	1,445.3			1,287.9			1,308.0

Revenue – Tommy Hilfiger North America
Net sales	1,502.4			1,567.6			1,595.6
Royalty revenue	48.9			42.4			30.2
Advertising and other revenue	12.0			12.7			10.0
Total	1,563.3			1,622.7			1,635.8

Revenue – Tommy Hilfiger International
Net sales	1,899.4			1,693.6			1,886.1
Royalty revenue	44.5			49.3			56.2
Advertising and other revenue	3.6			3.9			3.7
Total	1,947.5			1,746.8			1,946.0

Revenue – Heritage Brands Wholesale
Net sales	1,271.6			1,387.6			1,425.1
Royalty revenue	20.3			19.0			17.2
Advertising and other revenue	3.9			2.9			2.7
Total	1,295.8			1,409.5			1,445.0

Revenue – Heritage Brands Retail
Net sales	258.8			316.3			352.4
Royalty revenue	2.3			2.2			2.7
Advertising and other revenue	0.2			0.2			0.5
Total	261.3			318.7			355.6

Total Revenue
Net sales	7,791.4			7,605.5			7,849.1
Royalty revenue	320.6			324.8			300.5
Advertising and other revenue	91.1			90.0			91.6
Total⁽²⁾	$	8,203.1		$	8,020.3		$	8,241.2


⁽¹⁾	Revenue was impacted by the strengthening of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of this report for a further discussion.


⁽²⁾	No single customer accounted for more than 10% of the Company’s revenue in 2016, 2015 or 2014.



(In millions)	2016			⁽¹⁾	2015			⁽¹⁾	2014
Income before interest and taxes – Calvin Klein North America	$	123.9		^(3)(7)(9)	$	226.4		⁽¹⁰⁾	$	225.6		⁽¹³⁾

Income before interest and taxes – Calvin Klein International	209.6			⁽⁷⁾⁽⁹⁾	186.6			⁽¹⁰⁾	118.7			^(13)(15)

Income before interest and taxes – Tommy Hilfiger North America	135.8			⁽⁴⁾	173.9				242.9

Income before interest and taxes – Tommy Hilfiger International	328.3			⁽⁵⁾⁽⁶⁾	224.7				261.2

Income before interest and taxes – Heritage Brands Wholesale	90.2			⁽⁷⁾	90.4			^(10)(11)	96.6			⁽¹³⁾

Income (loss) before interest and taxes – Heritage Brands Retail	8.8				(3.4		)	⁽¹²⁾	(24.8		)	⁽¹⁴⁾

Loss before interest and taxes – Corporate⁽²⁾	(107.4		)	⁽⁷⁾⁽⁸⁾	(138.1		)	⁽¹⁰⁾	(390.3		)	^(13)(16)

Income before interest and taxes	$	789.2			$	760.5			$	529.9

⁽¹⁾

Income (loss) before interest and taxes was significantly impacted by the strengthening of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of this report for a further discussion.

⁽²⁾

Includes corporate expenses not allocated to any reportable segments, the Company’s proportionate share of the net income or loss of its investment in Karl Lagerfeld and Gazal and the results of PVH Ethiopia. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure and actuarial gains and losses from the Company’s pension and other postretirement plans. Actuarial gains (losses) from the Company’s United States pension and other postretirement plans totaled $39.1 million, $20.2 million and $(138.9) million in 2016, 2015 and 2014, respectively.


⁽³⁾	Income before interest and taxes for 2016 included a noncash loss of $81.8 million related to the Mexico deconsolidation. Please see Note 5, “Investments in Unconsolidated Affiliates” for a further discussion.


⁽⁴⁾	Income before interest and taxes for 2016 included costs of $11.0 million associated with the early termination of the license agreement for the Tommy Hilfiger men’s tailored clothing business in North America in order to consolidate the men’s tailored businesses for all brands in North America under one partner (the “TH men’s tailored license termination”).


⁽⁵⁾	Income before interest and taxes for 2016 included a gain of $18.1 million associated with a payment made to the Company to exit a Tommy Hilfiger flagship store in Europe.

⁽⁶⁾

Income before interest and taxes for 2016 included a noncash gain of $153.1 million to write-up the Company’s equity investment in TH China to fair value in connection with the TH China acquisition. Partially offsetting the gain were acquisition related costs of $76.9 million, principally consisting of valuation adjustments and amortization of short-lived assets, and a one-time cost of $5.9 million recorded on the Company’s equity investment in TH China. Please see Note 2, “Acquisitions,” for a further discussion.

⁽⁷⁾

Income (loss) before interest and taxes for 2016 included costs of $9.8 million associated with the integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $0.2 million in Calvin Klein North America; $2.6 million in Calvin Klein International; $0.4 million in Heritage Brands Wholesale; and $6.6 million in corporate expenses not allocated to any reportable segments.


⁽⁸⁾	Loss before interest and taxes for 2016 included costs of $15.8 million related to the Company’s amendment of its credit facilities. Please see Note 8, “Debt,” for a further discussion.


⁽⁹⁾	Income before interest and taxes for 2016 included costs of $5.5 million associated with the restructuring related to the new global creative strategy for CALVIN KLEIN. Such costs were included in the Company’s segments as follows: $2.7 million in Calvin Klein North America; and $2.8 million in Calvin Klein International.

⁽¹⁰⁾

Income (loss) before interest and taxes for 2015 includes costs of $73.4 million associated with the integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $8.3 million in Calvin Klein North America; $12.9 million in Calvin Klein International; $8.1 million in Heritage Brands Wholesale and $44.1 million in corporate expenses not allocated to any reportable segments.


⁽¹¹⁾	Income before interest and taxes for 2015 included costs of $16.5 million principally related to the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business.


⁽¹²⁾	Loss before interest and taxes for 2015 includes costs of $10.3 million related to the operation of and exit from the Izod retail business.

⁽¹³⁾

Income (loss) before interest and taxes for 2014 includes costs of $139.4 million associated with the integration of Warnaco and the related restructuring. Such costs were included in the Company’s segments as follows: $14.0 million in Calvin Klein North America; $51.1 million in Calvin Klein International; $17.7 million in Heritage Brands Wholesale and $56.6 million in corporate expenses not allocated to any reportable segments.


⁽¹⁴⁾	Loss before interest and taxes for 2014 includes costs of $21.0 million associated with the exit from the Company’s Izod retail business, the majority of which was noncash impairment charges.


⁽¹⁵⁾	Income before interest and taxes for 2014 includes a net gain of $8.0 million associated with the deconsolidation of certain Calvin Klein subsidiaries in Australia and the Company’s previously consolidated Calvin Klein joint venture in India. Please see Note 5, “Investments in Unconsolidated Affiliates” and Note 6, “Redeemable Non-Controlling Interests” for further discussion.


⁽¹⁶⁾	Loss before interest and taxes for 2014 includes costs of $93.1 million associated with the Company’s amendment and restatement of its credit facilities and the related redemption of its 7 3/8% senior notes due 2020. Please see Note 8, “Debt,” for a further discussion.

Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the Calvin Klein North America segment and the Tommy Hilfiger North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage on ending inventory is eliminated principally in the Heritage Brands Retail segment, the Calvin Klein North America segment and the Tommy Hilfiger North America Segment.



(In millions)	2016		2015		2014
Identifiable Assets
Calvin Klein North America⁽¹⁾	$	1,752.1	$	1,935.7	$	1,834.9
Calvin Klein International	2,821.0		2,752.8		2,819.9
Tommy Hilfiger North America	1,229.8		1,222.8		1,258.6
Tommy Hilfiger International⁽²⁾	3,481.3		3,213.1		3,255.8
Heritage Brands Wholesale	1,203.5		1,297.0		1,342.7
Heritage Brands Retail	75.5		76.1		91.9
Corporate ⁽³⁾	504.7		176.3		192.8
Total	$	11,067.9	$	10,673.8	$	10,796.6
Depreciation and Amortization
Calvin Klein North America	$	47.6	$	43.3	$	38.0
Calvin Klein International	70.5		61.1		58.6
Tommy Hilfiger North America	35.3		35.4		31.9
Tommy Hilfiger International ⁽⁴⁾	139.2		87.0		87.4
Heritage Brands Wholesale	15.6		15.3		14.6
Heritage Brands Retail	5.4		5.2		7.2
Corporate	8.2		10.1		7.0
Total	$	321.8	$	257.4	$	244.7
Identifiable Capital Expenditures⁽⁵⁾
Calvin Klein North America	$	39.3	$	55.1	$	52.1
Calvin Klein International	79.5		70.6		49.9
Tommy Hilfiger North America	26.9		36.1		38.9
Tommy Hilfiger International	82.0		83.2		93.2
Heritage Brands Wholesale	14.1		14.6		10.2
Heritage Brands Retail	7.0		4.4		8.2
Corporate	8.9		7.3		6.7
Total	$	257.7	$	271.3	$	259.2


⁽¹⁾	Identifiable assets in 2016 included a net reduction of $125.6 million resulting from the Mexico deconsolidation. Please see Note 5, “Investments in Unconsolidated Affiliates,” for a further discussion.


⁽²⁾	Identifiable assets in 2016 included a net increase of $387.3 million resulting from the TH China acquisition. Please see Note 2, “Acquisitions,” for a further discussion.


⁽³⁾	The increase in Corporate identifiable assets in 2016 is largely due to an increase in cash.


⁽⁴⁾	Depreciation and amortization in 2016 included a $47.1 million increase in amortization resulting from the TH China acquisition. Please see Note 2, “Acquisitions,” and Note 7, “Goodwill and Other Intangible Assets,” for further discussion.


⁽⁵⁾	Capital expenditures in 2016 included $35.6 million of accruals that will not be paid until 2017. Capital expenditures in 2015 included $24.5 million of accruals that were not paid until 2016. Capital expenditures in 2014 included $17.0 million of accruals that were not paid until 2015.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Property, plant and equipment, net based on the location where such assets are held, was as follows:



(In millions)	2016 ⁽¹⁾		2015 ⁽¹⁾		2014
Domestic	$	412.8	$	419.1	$	388.6
Canada	31.0		31.8		38.3
Europe	230.5		221.6		230.2
Asia ⁽²⁾	66.8		57.9		53.1
Other foreign ⁽³⁾	18.8		14.2		15.5
Total	$	759.9	$	744.6	$	725.7

⁽¹⁾

Property, plant and equipment, net was impacted by the strengthening of the United States dollar against certain foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of this report for a further discussion.


⁽²⁾	Property, plant and equipment, net as of January 29, 2017 included an increase resulting from the TH China acquisition. Please see Note 2, “Acquisitions,” for a further discussion of the TH China acquisition.

⁽³⁾

Property, plant and equipment, net as of January 29, 2017 included a net increase, consisting of an increase related to PVH Ethiopia, partially offset by a decrease as a result of the Mexico deconsolidation. Please see Note 6, “Redeemable Non-Controlling Interests”and Note 5, “Investments in Unconsolidated Affiliates,” for further discussion of PVH Ethiopia and the Mexico deconsolidation, respectively.

Revenue, based on location of origin, was as follows:



(In millions)	2016 ⁽¹⁾		2015 ⁽¹⁾		2014
Domestic	$	4,226.6	$	4,406.2	$	4,404.8
Canada	484.5		454.2		468.5
Europe	2,372.7		2,130.8		2,304.9
Asia⁽²⁾	910.4		785.3		779.3
Other foreign ⁽³⁾	208.9		243.8		283.7
Total	$	8,203.1	$	8,020.3	$	8,241.2


⁽¹⁾	Revenue was impacted by the strengthening of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of this report for a further discussion.


⁽²⁾	Revenue in Asia in 2016 included an increase resulting from the TH China acquisition. Please see Note 2, “Acquisitions,” for a further discussion of the TH China acquisition.


⁽³⁾	Revenue in other foreign countries in 2016 included a decrease resulting from the Mexico deconsolidation. Please see Note 5, “Investments in Unconsolidated Affiliates,” for a further discussion of the Mexico deconsolidation.