EXIT ACTIVITY COSTS (Tables)

3 Months Ended

May 05, 2019

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

In connection with the Calvin Klein restructuring, the Company recorded pre-tax costs during 2018 and the first quarter of 2019 and expects to incur total costs as follows:



(In millions)	Total Costs Expected to be Incurred		Costs Incurred During the Thirteen Weeks Ended 5/5/19		Cumulative Costs Incurred To Date
Severance, termination benefits and other employee costs	$	51.0	$	18.7	$	46.0
Long-lived asset impairments ⁽¹⁾	57.0		35.1		42.0
Contract termination and other costs	33.0		14.8		19.1
Inventory markdowns	5.0		1.7		3.9
Total	$	146.0	$	70.3	$	111.0

⁽¹⁾ Includes the impact of the closure of the flagship store on Madison Avenue in New York, New York in the first quarter of 2019.

Of the charges for severance, termination benefits and other employee costs, long-lived asset impairments and contract termination and other costs incurred during the thirteen weeks ended May 5, 2019, $50.1 million relate to SG&A expenses of the Calvin Klein North America segment and $18.5 million relate to SG&A expenses of the Calvin Klein International segment. Of the charges for inventory markdowns incurred during the thirteen weeks ended May 5, 2019, $0.8 million relate to cost of goods sold of the Calvin Klein North America segment and $0.9 million relate to cost of goods sold of the Calvin Klein International segment. Of the $111.0 million cumulative costs incurred to date in connection with the restructuring activities,$69.8 million related to the Calvin Klein North America segment and $41.2 million related to the Calvin Klein International segment. The Company expects to incur total costs of approximately $146 million through the end of 2019 in connection with the restructuring activities, of which approximately $87 million is estimated to relate to the Calvin Klein North America segment and approximately $59 million is estimated to relate to the Calvin Klein International segment. Please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The liabilities at May 5, 2019 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:



(In millions)	Liability at 2/3/19		Costs Incurred During the Thirteen Weeks Ended 5/5/19		Costs Paid During the Thirteen Weeks Ended 5/5/19		Liability at 5/5/19
Severance, termination benefits and other employee costs	$	25.8	$	18.7	$	9.0	$	35.5
Contract termination and other costs	2.3		14.8		13.7		3.4
Total	$	28.1	$	33.5	$	22.7	$	38.9