XML 54 R42.htm IDEA: XBRL DOCUMENT v3.19.2
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 3 Months Ended
May 05, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]
The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended May 5, 2019 and May 6, 2018:

(In millions)
Foreign currency translation adjustments
 
Net unrealized and realized gain on effective cash flow hedges
 
Total
Balance, February 3, 2019
$
(537.6
)
 
$
29.7

 
$
(507.9
)
Other comprehensive (loss) income before reclassifications
(89.2
)
(1)(2) 
27.7

 
(61.5
)
Less: Amounts reclassified from AOCL
—

 
14.3

 
14.3

Other comprehensive (loss) income
(89.2
)
 
13.4

 
(75.8
)
Balance, May 5, 2019
$
(626.8
)
 
$
43.1

 
$
(583.7
)



(In millions)
Foreign currency translation adjustments
 
Net unrealized and realized (loss) gain on effective cash flow hedges
 
Total
Balance, February 4, 2018
$
(249.4
)
 
$
(72.1
)
 
$
(321.5
)
Other comprehensive (loss) income before reclassifications
(135.2
)
(1)(2) 
28.0

 
(107.2
)
Less: Amounts reclassified from AOCL
—

 
(22.1
)
 
(22.1
)
Other comprehensive (loss) income
(135.2
)
 
50.1

 
(85.1
)
Balance, May 6, 2018
$
(384.6
)
 
$
(22.0
)
 
$
(406.6
)

(1) Foreign currency translation adjustments included a net gain on net investment hedges of $22.4 million and $37.0 million during the thirteen weeks ended May 5, 2019 and May 6, 2018, respectively.

(2) Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.

Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Loss [Table Text Block]
The following table presents reclassifications out of AOCL to earnings for the thirteen weeks ended May 5, 2019 and May 6, 2018:

Amount Reclassified from AOCL
 
Affected Line Item in the Company’s Consolidated Income Statements
 
Thirteen Weeks Ended
 
 
(In millions)
5/5/19
 
5/6/18
 
 
Realized gain (loss) on effective cash flow hedges:
 
 
 
 
 
Foreign currency forward exchange contracts (inventory purchases)
$
15.0

 
$
(22.9
)
 
Cost of goods sold
Interest rate swap agreements
0.2

 
—

 
Interest expense
Less: Tax effect
0.9

 
(0.8
)
 
Income tax expense
Total, net of tax
$
14.3

 
$
(22.1
)