XML 100 R58.htm IDEA: XBRL DOCUMENT v3.20.1
DERIVATIVE FINANCIAL INSTRUMENTS (Details)
€ in Thousands, $ in Millions
3 Months Ended
May 03, 2020
USD ($)
May 05, 2019
USD ($)
May 03, 2020
EUR (€)
Apr. 24, 2020
USD ($)
Apr. 24, 2020
EUR (€)
Feb. 02, 2020
USD ($)
Jun. 20, 2016
EUR (€)
Derivative [Line Items]              
Cost of goods sold $ 678.1 $ 1,060.4          
Interest expense 22.5 31.0          
Foreign Exchange Forward Inventory Purchases [Member]              
Derivative [Line Items]              
Derivative, Notional Amount 1,187.9            
Net Investment Hedging [Member]              
Derivative [Line Items]              
Long-term Debt, Fair Value 1,167.1 1,144.1       $ 1,178.6  
Long-term Debt, Carrying Amount 1,209.7 1,046.8       1,038.5  
Derivative Contract | Other Current Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 39.9 37.2       23.0  
Derivative Contract | Other Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 2.5 1.5       0.4  
Derivative Contract | Accrued Expenses [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 13.5 3.9       7.6  
Derivative Contract | Other Liabilities [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 2.7 1.9       0.5  
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Current Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 1.2 0.7       1.5  
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.3 0.0       0.0  
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Accrued Expenses [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 1.9 1.7       0.9  
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Liabilities [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability $ 0.0 0.0       0.0  
Cost of Sales [Member] | Foreign Exchange Forward Inventory Purchases [Member]              
Derivative [Line Items]              
Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income, Estimate of Time to Transfer 12 months            
Derivative Instruments, Net (Loss) Gain Reclassification from AOCL to Income, Estimated Net Amount to be Transferred $ 46.0            
Interest Expense [Member] | Interest Rate Swap [Member]              
Derivative [Line Items]              
Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income, Estimate of Time to Transfer 12 months            
Derivative Instruments, Net (Loss) Gain Reclassification from AOCL to Income, Estimated Net Amount to be Transferred $ (10.8)            
Selling, General and Administrative Expenses [Member] | Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member]              
Derivative [Line Items]              
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss) Recognized in Income, Net 0.6 (0.1)          
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member]              
Derivative [Line Items]              
Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax 21.8 30.1          
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 38.7 35.6       21.4  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 2.2 1.5       0.4  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 0.8 0.5       1.2  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Liabilities [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 0.0 0.0       0.1  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member]              
Derivative [Line Items]              
Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax (9.4) (1.1)          
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Current Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.0 0.9       0.1  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.0 0.0       0.0  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Accrued Expenses [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 10.8 1.7       5.5  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Liabilities [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 2.7 1.9       0.4  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Net Investment Hedging [Member]              
Derivative [Line Items]              
Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax 15.2 29.6          
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Derivative Contract              
Derivative [Line Items]              
Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax 27.6 58.6          
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Derivative Contract | Other Current Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 38.7 36.5       21.5  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Derivative Contract | Other Assets [Member]              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 2.2 1.5       0.4  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Derivative Contract | Accrued Expenses [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 11.6 2.2       6.7  
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Derivative Contract | Other Liabilities [Member]              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 2.7 1.9       0.5  
Cash Flow Hedging [Member] | Cost of Sales [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member]              
Derivative [Line Items]              
Derivative Instruments, (Loss) Gain Reclassified from AOCL into Income (Expense), Effective Portion, Net 2.2 15.0          
Cash Flow Hedging [Member] | Interest Expense [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member]              
Derivative [Line Items]              
Derivative Instruments, (Loss) Gain Reclassified from AOCL into Income (Expense), Effective Portion, Net (1.7) 0.2          
Cash Flow Hedging [Member] | Income Statement Location | Contracts designated as cash flow hedges [Member]              
Derivative [Line Items]              
Derivative Instruments, (Loss) Gain Reclassified from AOCL into Income (Expense), Effective Portion, Net 0.5 15.2          
Senior notes due 2027 [Member]              
Derivative [Line Items]              
Debt instrument, face amount | €     € 600,000        
Long-term Debt, Carrying Amount [1] $ 645.4 661.0       655.6  
Debt Instrument, Interest Rate, Stated Percentage 3.125%   3.125%        
Senior notes due 2024 [Member]              
Derivative [Line Items]              
Debt instrument, face amount $ 525.0   € 525,000 $ 175.0 € 175,000   € 350,000
Long-term Debt, Carrying Amount [1],[3] $ 564.3 [2] $ 385.8       $ 382.9  
Debt Instrument, Interest Rate, Stated Percentage 3.625%   3.625%        
[1] The carrying amount of the Company’s euro-denominated Term Loan A facility and senior unsecured euro notes includes the impact of changes in the exchange rate of the United States dollar against the euro.
[2] Includes an additional €175.0 million principal amount of 3 5/8% senior unsecured euro notes due 2024 that were issued on April 24, 2020.
[3] Includes €350.0 million principal amount of 3 5/8% senior unsecured euro notes due 2024 that were issued on June 20, 2016.