FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jul. 30, 2017

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:



	7/30/17							1/29/17							7/31/16
(In millions)	Level 1	Level 2		Level 3		Total		Level 1	Level 2		Level 3		Total		Level 1	Level 2		Level 3		Total
Assets:
Foreign currency forward exchange contracts	N/A	$	4.7	N/A		$	4.7	N/A	$	25.9	N/A		$	25.9	N/A	$	8.6	N/A		$	8.6
Interest rate swap agreements	N/A	0.2		N/A		0.2		N/A	—		N/A		—		N/A	—		N/A		—
Foreign currency option contracts	N/A	0.1		N/A		0.1		N/A	3.2		N/A		3.2		N/A	1.0		N/A		1.0
Total Assets	N/A	$	5.0	N/A		$	5.0	N/A	$	29.1	N/A		$	29.1	N/A	$	9.6	N/A		$	9.6

Liabilities:
Foreign currency forward exchange contracts	N/A	$	58.2	N/A		$	58.2	N/A	$	2.6	N/A		$	2.6	N/A	$	13.2	N/A		$	13.2
Interest rate swap agreements	N/A	2.6		N/A		2.6		N/A	7.1		N/A		7.1		N/A	17.0		N/A		17.0
Contingent purchase price payments related to reacquisition of the perpetual rights to the TOMMY HILFIGER trademarks in India	N/A	N/A		$	1.7	1.7		N/A	N/A		$	1.6	1.6		N/A	N/A		$	2.2	2.2
Total Liabilities	N/A	$	60.8	$	1.7	$	62.5	N/A	$	9.7	$	1.6	$	11.3	N/A	$	30.2	$	2.2	$	32.4

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents the change in the Level 3 contingent purchase price payment liability during the twenty-six weeks ended July 30, 2017 and July 31, 2016:



	Twenty-Six Weeks Ended
(In millions)	7/30/17		7/31/16
Beginning Balance	$	1.6	$	2.2
Payments	—		—
Adjustments included in earnings	0.1		0.0
Ending Balance	$	1.7	$	2.2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]

Additional information with respect to assumptions used to value the contingent purchase price payment liability as of July 30, 2017 is as follows:



Unobservable Inputs	Amount
Approximate compounded annual net sales growth rate	35.0	%
Approximate discount rate	15.0	%

A five percentage point increase or decrease in the discount rate or the compounded annual net sales growth rate would result in an immaterial change to the liability.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of July 30, 2017, January 29, 2017 and July 31, 2016 were as follows:



	7/30/17				1/29/17				7/31/16
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value

Cash and cash equivalents	$	559.4	$	559.4	$	730.1	$	730.1	$	741.7	$	741.7
Short-term borrowings	18.0		18.0		19.1		19.1		19.4		19.4
Long-term debt (including portion classified as current)	3,185.7		3,269.6		3,197.3		3,248.7		3,358.2		3,434.6

The fair values of cash and cash equivalents and short-term borrowings approximate their carrying amounts due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement. The carrying amounts of long-term debt reflect the unamortized portions of debt issuance costs and the original issue discounts.