ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

May 03, 2020

Accumulated Other Comprehensive Income [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended May 3, 2020 and May 5, 2019:


(In millions)	Foreign currency translation adjustments			Net unrealized and realized gain (loss) on effective cash flow hedges		Total
Balance, February 2, 2020	$	(665.7)		$	25.6	$	(640.1)
Other comprehensive (loss) income before reclassifications	(101.1)		⁽¹⁾⁽²⁾	8.5		(92.6)
Less: Amounts reclassified from AOCL	—			0.7		0.7
Other comprehensive (loss) income	(101.1)			7.8		(93.3)
Balance, May 3, 2020	$	(766.8)		$	33.4	$	(733.4)


(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)

⁽¹⁾Foreign currency translation adjustments included a net gain on net investment hedges of $11.5 million and $22.4 million during the thirteen weeks ended May 3, 2020 and May 5, 2019, respectively.

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

The following table presents reclassifications from AOCL to earnings for the thirteen weeks ended May 3, 2020 and May 5, 2019:


	Amount Reclassified from AOCL					Affected Line Item in the Company’s Consolidated Statements of Operations
	Thirteen Weeks Ended
(In millions)	5/3/20		5/5/19
Realized gain (loss) on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	2.2	$	15.0	Cost of goods sold
Interest rate swap agreements	(1.7)		0.2		Interest expense
Less: Tax effect	(0.2)		0.9		Income tax (benefit) expense
Total, net of tax	$	0.7	$	14.3