ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Aug. 02, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss [Table Text Block]

The following tables present the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended August 2, 2020 and August 4, 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 income (loss) before reclassifications	60.5		⁽¹⁾⁽²⁾	(43.6)		16.9
Less: Amounts reclassified from AOCL	—			(0.6)		(0.6)
Other comprehensive income (loss)	60.5			(43.0)		17.5
Balance, August 2, 2020	$	(605.2)		$	(17.4)	$	(622.6)


(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	(116.4)		⁽¹⁾⁽³⁾	37.3		(79.1)
Less: Amounts reclassified from AOCL	—			24.4		24.4
Other comprehensive (loss) income	(116.4)			12.9		(103.5)
Balance, August 4, 2019	$	(654.0)		$	42.6	$	(611.4)

⁽¹⁾Foreign currency translation adjustments included a net (loss) gain on net investment hedges of $(70.3) million and $25.9 million during the twenty-six weeks ended August 2, 2020 and August 4, 2019, 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.

Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Loss [Table Text Block]

The following table presents reclassifications from AOCL to earnings for the thirteen and twenty-six weeks ended August 2, 2020 and August 4, 2019:


	Amount Reclassified from AOCL									Affected Line Item in the Company’s Consolidated Statements of Operations
	Thirteen Weeks Ended						Twenty-Six Weeks Ended
(In millions)	8/2/20		8/4/19		8/2/20		8/4/19
Realized gain (loss) on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	0.9	$	10.7	$	3.1	$	25.7	Cost of goods sold
Interest rate swap agreements	(2.9)		0.0		(4.6)		0.2		Interest expense
Less: Tax effect	(0.7)		0.6		(0.9)		1.5		Income tax expense (benefit)
Total, net of tax	$	(1.3)	$	10.1	$	(0.6)	$	24.4