XML 42 R48.htm IDEA: XBRL DOCUMENT v3.20.1
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 12 Months Ended
Feb. 02, 2020
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]

The following table presents the changes in AOCL, net of related taxes, by component:

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

 
$
(710.8
)
Other comprehensive income (loss) before reclassifications
490.5

(1)(2) 
(116.0
)
 
374.5

Less: Amounts reclassified from AOCL
—

 
(16.9
)
 
(16.9
)
Other comprehensive income (loss)
490.5

 
(99.1
)
 
391.4

Impact of the U.S. Tax Legislation (4)
(2.2
)
 
0.1

 
(2.1
)
Balance at February 4, 2018
$
(249.4
)
 
$
(72.1
)
 
$
(321.5
)
Other comprehensive (loss) income before reclassifications
(288.2
)
(1)(3) 
92.0

 
(196.2
)
Less: Amounts reclassified from AOCL
—

 
(9.8
)
 
(9.8
)
Other comprehensive (loss) income
(288.2
)
 
101.8

 
(186.4
)
Balance at February 3, 2019
$
(537.6
)
 
$
29.7

 
$
(507.9
)
Other comprehensive (loss) income before reclassifications
(128.1
)
(1)(3) 
15.9

 
(112.2
)
Less: Amounts reclassified from AOCL
—

 
20.0

 
20.0

Other comprehensive loss
(128.1
)
 
(4.1
)
 
(132.2
)
Balance at February 2, 2020
$
(665.7
)
 
$
25.6

 
$
(640.1
)

(1) 
Foreign currency translation adjustments included a net gain (loss) on net investment hedges of $29.7 million, $73.1 million and $(70.8) million in 2019, 2018 and 2017, respectively.
(2) 
Favorable foreign currency translation adjustments were principally driven by a weakening of the United States dollar against the euro.
(3) 
Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.
(4) 
The stranded tax effects resulting from the U.S. Tax Legislation were reclassified from AOCL to retained earnings as a result of the Company’s early adoption of an update to accounting guidance in the fourth quarter of 2017. The amount of the reclassification was calculated based on the effect of the change in the United States federal corporate income tax rate on the gross deferred tax amounts at the date of the enactment of the U.S. Tax Legislation related to items that remained in AOCL at that time.
Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Loss [Table Text Block]
The following table presents reclassifications from AOCL to earnings:

(In millions)
Amount Reclassified from AOCL
 
Affected Line Item in the Company’s Consolidated Income Statements
 
2019
 
2018
 
2017
 
 
Realized gain (loss) on effective cash flow hedges:
 
 
 
 
 
 
 
Foreign currency forward exchange contracts (inventory purchases)
23.1

 
(11.6
)
 
(13.6
)
 
Cost of goods sold
Interest rate swap agreements
(1.4
)
 
1.1

 
(6.2
)
 
Interest expense
Less: Tax effect
1.7

 
(0.7
)
 
(2.9
)
 
Income tax expense (benefit)
Total, net of tax
$
20.0

 
$
(9.8
)
 
$
(16.9
)