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RETIREMENT AND BENEFIT PLANS (Tables)
 3 Months Ended
May 03, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]
The components of net benefit cost recognized were as follows:
Pension PlansSERP Plans
Thirteen Weeks EndedThirteen Weeks Ended
(In millions)5/3/205/5/195/3/205/5/19
Service cost$11.1  $8.2  $1.9  1.5  
Interest cost6.4  6.9  0.9  1.0  
Expected return on plan assets(10.9) (10.1) —  —  
Speedo deconsolidation gain(2.2) —  (0.6) —  
Total$4.4  $5.0  $2.2  $2.5  

The Company completed the sale of its Speedo North America business to Pentland on April 6, 2020. Upon the closing of the transaction, U.S.-based employees who were engaged primarily in the Speedo North America business terminated their employment with the Company. However, the Company retained the liability for any deferred vested benefits earned under its retirement plans. No further benefits will be accrued under the plans and as a result, the Company recognized a gain of $2.8 million in the first quarter of 2020 with a corresponding decrease to its pension benefit obligation. The gain was included in
other noncash loss, net in the Company’s Consolidated Statement of Operations. Please see Note 4, “Acquisitions and Divestitures,” for further discussion of the sale of the Speedo North America business.

The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. As a result of the Company’s acquisition of The Warnaco Group, Inc. (“Warnaco”), the Company also provides certain postretirement health care and life insurance benefits to certain Warnaco retirees resident in the United States. Retirees contribute to the cost of the applicable plan, both of which are unfunded and frozen. The Company refers to these two plans as its “Postretirement Plans.” Net benefit cost related to the Postretirement Plans was immaterial for the thirteen weeks ended May 3, 2020 and May 5, 2019.