XML 32 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
ACCUMULATED OTHER COMPREHENSIVE LOSS
6 Months Ended
Jul. 30, 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 for the twenty-six weeks ended July 30, 2017:

(In millions)
Foreign currency translation adjustments
 
Net unrealized and realized gain (loss) on effective cash flow hedges
 
Total
Balance, January 29, 2017
$
(737.7
)
 
$
26.9

 
$
(710.8
)
Other comprehensive income (loss) before reclassifications
286.4

(1) 
(66.6
)
 
219.8

Less: Amounts reclassified from AOCL

 
5.6

 
5.6

Other comprehensive income (loss)
286.4

 
(72.2
)
 
214.2

Balance, July 30, 2017
$
(451.3
)
 
$
(45.3
)
 
$
(496.6
)


(1) Foreign currency translation adjustments included a net loss on net investment hedge of $22.5 million.

The following table presents the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended July 31, 2016:

(In millions)
Foreign currency translation adjustments
 
Net unrealized and realized gain (loss) on effective cash flow hedges
 
Total
Balance, January 31, 2016
$
(730.4
)
 
$
26.2

 
$
(704.2
)
Other comprehensive income (loss) before reclassifications
89.5

(2) 
(35.2
)
 
54.3

Less: Amounts reclassified from AOCL

 
2.8

 
2.8

Other comprehensive income (loss)
89.5

 
(38.0
)
 
51.5

Balance, July 31, 2016
$
(640.9
)
 
$
(11.8
)
 
$
(652.7
)


(2) Foreign currency translation adjustments included a net gain on net investment hedge of $4.9 million.

The following table presents reclassifications out of AOCL to earnings for the thirteen and twenty-six weeks ended July 30, 2017 and July 31, 2016:

Amount Reclassified from AOCL
Affected Line Item in the Company’s Consolidated Income Statements
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
(In millions)
7/30/17
 
7/31/16
 
7/30/17
 
7/31/16
 
Realized gain (loss) on effective cash flow hedges:
 
 
 
 
 
 
 
 
Foreign currency forward exchange contracts (inventory purchases)
$
3.7

 
$
3.5

 
$
8.1

 
$
8.2

Cost of goods sold
Interest rate swap agreements
(1.7
)
 
(2.7
)
 
(4.0
)
 
(5.1
)
Interest expense
Less: Tax effect
(0.5
)
 
0.4

 
(1.5
)
 
0.3

Income tax expense
Total, net of tax
$
2.5

 
$
0.4

 
$
5.6

 
$
2.8