GOODWILL

The changes in the carrying amount of goodwill for the twenty-six weeks ended July 30, 2017, by segment (please see Note 18, “Segment Data,” for a further discussion of the Company’s reportable segments), were as follows:



(In millions)	Calvin Klein North America		Calvin Klein International		Tommy Hilfiger North America		Tommy Hilfiger International		Heritage Brands Wholesale		Heritage Brands Retail			Total
Balance as of January 29, 2017
Goodwill, gross	$	739.4	$	864.5	$	204.4	$	1,425.8	$	235.8	$	11.9		$	3,481.8
Accumulated impairment losses	—		—		—		—		—		(11.9		)	(11.9		)
Goodwill, net	739.4		864.5		204.4		1,425.8		235.8		—			3,469.9
Contingent purchase price payments to Mr. Calvin Klein	14.8		10.2		—		—		—		—			25.0
True & Co. acquisition	7.3		6.4		—		—		14.5		—			28.2
Currency translation and other	0.8		23.8		—		121.7		—		—			146.3
Balance as of July 30, 2017
Goodwill, gross	762.3		904.9		204.4		1,547.5		250.3		11.9			3,681.3
Accumulated impairment losses	—		—		—		—		—		(11.9		)	(11.9		)
Goodwill, net	$	762.3	$	904.9	$	204.4	$	1,547.5	$	250.3	$	—		$	3,669.4

The goodwill acquired in the True & Co. acquisition was assigned as of the acquisition date to the Company’s reporting units that are expected to benefit from the synergies of the combination. For those reporting units that had not been assigned any of the assets acquired or liabilities assumed in the acquisition, the amount of goodwill assigned was determined by calculating the estimated fair value of such reporting units before and after the acquisition.

The Company is required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies. Such payments are based on 1.15% of total worldwide net sales, as defined in the acquisition agreement (as amended), of products bearing any of the CALVIN KLEIN brands and are required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein are made are wholesale sales by the Company and its licensees and other partners to retailers.