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SEGMENT DATA (Tables)
 12 Months Ended
Jan. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The Company’s revenue by segment was as follows:
(In millions)2020
(1)(2)
2019
(1)
2018
(1)
Revenue – Tommy Hilfiger North America   
Net sales$901.2 $1,540.2 $1,574.3 
Royalty revenue53.7 84.1 76.2 
Advertising and other revenue13.9 23.6 18.7 
Total968.8 1,647.9 1,669.2 
Revenue – Tommy Hilfiger International   
Net sales2,615.6 2,994.2 2,599.7 
Royalty revenue40.1 49.8 52.7 
Advertising and other revenue11.9 19.8 22.9 
Total2,667.6 3,063.8 2,675.3 
Revenue – Calvin Klein North America   
Net sales826.8 1,467.0 1,599.9 
Royalty revenue99.8 148.9 143.6 
Advertising and other revenue29.0 53.8 49.8 
Total955.6 1,669.7 1,793.3 
Revenue – Calvin Klein International   
Net sales1,614.6 1,896.7 1,827.9 
Royalty revenue52.2 74.1 78.9 
Advertising and other revenue15.9 27.3 31.1 
Total1,682.7 1,998.1 1,937.9 
Revenue – Heritage Brands Wholesale   
Net sales703.1 1,248.5 1,293.2 
Royalty revenue12.3 19.2 20.5 
Advertising and other revenue2.5 4.2 3.7 
Total717.9 1,271.9 1,317.4 
Revenue – Heritage Brands Retail   
Net sales137.4 253.4 259.2 
Royalty revenue2.3 3.8 4.0 
Advertising and other revenue0.3 0.4 0.5 
Total140.0 257.6 263.7 
Total Revenue   
Net sales6,798.7 9,400.0 9,154.2 
Royalty revenue260.4 379.9 375.9 
Advertising and other revenue73.5 129.1 126.7 
Total(3)
$7,132.6 $9,909.0 $9,656.8 
    
(1)    Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
    
(2)    Revenue was significantly negatively impacted by the COVID-19 pandemic, including as a result of reduced traffic and consumer spending trends, and temporary store closures for varying periods of time throughout the year. The Company’s wholesale customers and licensing partners also experienced significant business disruptions as a result of the pandemic, resulting in a decrease in the Company’s revenue from these channels.

(3)    No single customer accounted for more than 10% of the Company’s revenue in 2020, 2019 or 2018.
The Company’s revenue by distribution channel was as follows:
(In millions)202020192018
Wholesale net sales
$3,534.8 $5,066.9 $4,969.6 
Retail net sales3,263.9 4,333.1 4,184.6 
Net sales6,798.7 9,400.0 9,154.2 
Royalty revenue
260.4 379.9 375.9 
Advertising and other revenue73.5 129.1 126.7 
Total
$7,132.6 $9,909.0 $9,656.8 

The Company has not disclosed net sales by product category as it is impracticable to do so.
    
The Company’s (loss) income before interest and taxes by segment was as follows:
(In millions)2020
(1)(2)
2019
(1)
2018
(1)
(Loss) income before interest and taxes – Tommy Hilfiger North America$(130.5)
(4)(5)
$93.5 
(10)(11)
$233.8 
Income before interest and taxes – Tommy Hilfiger International259.5 
(5)
468.2 
(12)
377.1 

(Loss) income before interest and taxes – Calvin Klein North America(384.5)
(4)(5)(6)
99.8 
(10)(13)
166.7 
(15)
(Loss) income before interest and taxes – Calvin Klein International(280.0)
(5)(6)
153.3 
(10)(12)(13)
211.5 
(15)
(Loss) income before interest and taxes – Heritage Brands Wholesale(312.5)
(4)(6)(7)
(84.9)
(12)(7)
83.3 
(Loss) income before interest and taxes – Heritage Brands Retail(93.4)
(5)(8)
3.0 7.4 
Loss before interest and taxes – Corporate(3)
(130.3)
(4)(9)
(174.2)
(12)(14)
(188.1)
(Loss) income before interest and taxes$(1,071.7)
 
$558.7 $891.7 
 

(1)(Loss) income before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
(2)(Loss) income before interest and taxes was significantly negatively impacted by the COVID-19 pandemic, including as a result of the unprecedented material decline in revenue noted above. As well, (loss) income before interest and taxes in 2020 was significantly adversely impacted by $1.0 billion of noncash impairment charges related to goodwill, tradenames, other intangible assets, store assets and an equity method investment resulting from the significant adverse impacts of the COVID-19 pandemic on the Company’s business. Please see notes (5), (6) and (9) below for further discussion.
(3)Includes corporate expenses not allocated to any reportable segments, the Company’s proportionate share of the net income or loss of its investments in Gazal (prior to the Australia acquisition closing) and Karl Lagerfeld (prior to its impairment in the first quarter of 2020), and the results of PVH Ethiopia. Please see Note 5, “Investments in Unconsolidated Affiliates,” for further discussion of the Company’s investment in Karl Lagerfeld. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, certain corporate responsibility initiatives, and actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans. Actuarial gains (losses) on the Company’s Pension Plans, SERP Plans and Postretirement Plans totaled $64.5 million, $(97.8) million and $(15.0) million in 2020, 2019 and 2018, respectively.
(4)Loss before interest and taxes for 2020 included costs of $39.7 million incurred in connection with the North America workforce reduction, primarily consisting of severance. Such costs were included in the Company’s segments as follows: $10.9 million in Tommy Hilfiger North America, $10.5 million in Calvin Klein North America, $12.5 million in Heritage Brands Wholesale, and $5.8 million in corporate expenses not allocated to any reportable segments. Please see Note 17, “Exit Activity Costs,” for further discussion.
(5)(Loss) income before interest and taxes for 2020 included noncash impairment charges of $74.7 million related to the Company’s store assets. The $74.7 million of impairment charges were included in the Company’s segments as follows: $6.0 million in Tommy Hilfiger North America, $30.0 million in Tommy Hilfiger International, $14.2 million in Calvin Klein North America, $20.7 million in Calvin Klein International and $3.8 million in Heritage Brands Retail. Please see Note 11, “Fair Value Measurements,” for further discussion.
(6)Loss before interest and taxes for 2020 included noncash impairment charges of $933.5 million, primarily related to goodwill, tradenames and other intangible assets. The $933.5 million of impairment charges were included in the Company’s segments as follows: $289.9 million in Calvin Klein North America, $394.0 million in Calvin Klein International and $249.6 million in Heritage Brands Wholesale. Please see Note 7, “Goodwill and Other Intangible Assets,” for further discussion.
(7)Loss before interest and taxes for 2020 and 2019 included a noncash loss of $3.1 million and $142.0 million, respectively, in connection with the Speedo transaction. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.
(8)Loss before interest and taxes for 2020 included costs of $29.0 million in connection with the planned exit of the Heritage Brands Retail business, consisting of severance, noncash asset impairments and accelerated amortization of lease assets and other costs. Please see Note 17, “Exit Activity Costs,” for further discussion.
(9)Loss before interest and taxes for 2020 included a noncash impairment charge of $12.3 million related to the Company’s equity method investment in Karl Lagerfeld. Please see Note 5, “Investments in Unconsolidated Affiliates,” for further discussion.
(10)Income before interest and taxes for 2019 included costs of $59.8 million in connection with agreements the Company entered into in 2019 to terminate early the licenses for the global Calvin Klein and Tommy Hilfiger North America socks and hosiery businesses in order to consolidate the socks and hosiery businesses for all Company brands in the United States and Canada in a newly formed joint venture, and to bring in-house the international Calvin Klein socks and hosiery wholesale businesses. Such costs were included in the Company’s segments as follows: $7.5 million in Tommy Hilfiger North America, $25.5 million in Calvin Klein North America and $26.8 million in Calvin Klein International.
(11)Income before interest and taxes for 2019 included costs of $54.9 million incurred in connection with the TH U.S. store closures, primarily consisting of noncash lease asset impairments. Please see Note 11, “Fair Value Measurements,” for further discussion.
(12)Income (loss) before interest and taxes for 2019 included costs of $19.3 million in connection with the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments, and one-time costs of $2.1 million recorded on the Company’s equity investments in Gazal and PVH Australia prior to the Australia acquisition closing. Such costs were included in the Company’s segments as follows: $11.1 million in Tommy Hilfiger International, $6.0 million in Calvin Klein International, $1.8 million in Heritage Brands Wholesale and $2.5 million in corporate expenses not allocated to any reportable segments. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.
(13)Income before interest and taxes for 2019 included costs of $102.9 million incurred in connection with the Calvin Klein restructuring, primarily consisting of lease asset impairments, contract termination and other costs, and severance. Such costs were included in the Company’s segments as follows: $66.0 million in Calvin Klein North America and $36.9 million in Calvin Klein International. Please see Note 11, “Fair Value Measurements,” for further discussion of the lease asset impairments.
(14)Loss before interest and taxes for 2019 included a noncash gain of $113.1 million to write up the Company’s previously held equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.
(15)Income before interest and taxes for 2018 included costs of $40.7 million incurred in connection with the Calvin Klein restructuring, primarily consisting of severance, store asset impairments, and contract termination and other costs. Such costs were included in the Company’s segments as follows: $18.9 million in Calvin Klein North America and $21.8 million in Calvin Klein International.

Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the Tommy Hilfiger North America segment and the Calvin Klein North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage on ending
inventory is eliminated principally in the Heritage Brands Retail segment, the Tommy Hilfiger North America segment and the Calvin Klein North America Segment.

The Company’s identifiable assets, depreciation and amortization, and identifiable capital expenditures by segment were as follows:
(In millions)202020192018
Identifiable Assets(1)(2)(4)(5)(6)
   
Tommy Hilfiger North America $1,447.9 $1,599.0 $1,330.5 
Tommy Hilfiger International5,295.3 4,888.6 3,949.3 
Calvin Klein North America1,522.6 1,932.3 1,817.9 
Calvin Klein International3,016.8 3,428.9 3,114.9 
Heritage Brands Wholesale(3)
547.9 1,075.3 1,178.1 
Heritage Brands Retail74.2 128.4 86.6 
Corporate1,388.8 578.5 386.4 
Total$13,293.5 $13,631.0 $11,863.7 
Depreciation and Amortization   
Tommy Hilfiger North America$38.1 $40.6 $37.9 
Tommy Hilfiger International131.8 119.7 133.9 
Calvin Klein North America30.8 38.6 41.5 
Calvin Klein International97.0 91.9 90.6 
Heritage Brands Wholesale11.5 15.1 14.9 
Heritage Brands Retail 3.5 6.2 5.6 
Corporate13.1 11.7 10.4 
Total$325.8 $323.8 $334.8 
Identifiable Capital Expenditures(7)
   
Tommy Hilfiger North America$21.7 $41.7 $56.1 
Tommy Hilfiger International100.6 139.6 143.9 
Calvin Klein North America18.7 30.3 36.0 
Calvin Klein International54.2 83.3 102.7 
Heritage Brands Wholesale14.9 18.6 15.8 
Heritage Brands Retail0.7 6.5 8.5 
Corporate8.4 21.0 18.3 
Total$219.2 $341.0 $381.3 

(1)Identifiable assets included the impact of changes in foreign currency exchange rates.
(2)Identifiable assets in 2020 were significantly negatively impacted by $1.0 billion of noncash impairment charges related to goodwill, tradenames, other intangible assets, store assets and an equity method investment resulting from the significant adverse impacts of the COVID-19 pandemic on the Company’s business. Please see Note 11, “Fair Value Measurements,” for further discussion.
(3)Identifiable assets in 2020 included a reduction of $237.2 million related to the Speedo transaction and the resulting deconsolidation of the Speedo North America business. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.
(4)The changes in Corporate identifiable assets in 2020 were primarily due to changes in cash and cash equivalents.
(5)Identifiable assets included the impact related to the adoption of accounting guidance for leases in 2019 using the modified retrospective approach applied as of the period of adoption with a cumulative-effect adjustment to opening retained earnings and as such, prior periods have not been restated. Upon adoption, the Company (i) recognized operating lease right-of-use assets of $1.7 billion and lease liabilities of $1.9 billion, (ii) recorded a cumulative-effect adjustment to retained earnings of $3.1 million and (iii) recorded other reclassification adjustments within its Consolidated Balance Sheet related to, among other things, deferred rent. Please see Note 16, “Leases,” for further discussion.
(6)Identifiable assets in 2019 included the impact of the Australia and TH CSAP acquisitions. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.
(7)Capital expenditures in 2020 included $32.1 million of accruals that will not be paid until 2021. Capital expenditures in 2019 included $39.5 million of accruals that were not paid until 2020. Capital expenditures in 2018 included $43.7 million of accruals that were not paid until 2019.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
Property, plant and equipment, net based on the location where such assets are held, was as follows:
(In millions)
2020 (1)(2)
2019 (1)
2018 (1)
Domestic$466.3 $525.8 $500.5 
Canada19.3 25.3 28.8 
Europe374.7 375.6 362.7 
Asia-Pacific(3)
73.8 87.6 73.4 
Other foreign8.6 12.5 19.1 
Total$942.7 $1,026.8 $984.5 

(1)Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.
(2)Property, plant and equipment with a carrying amount of $56.4 million was written down to a fair value of $2.7 million during 2020 primarily as a result of the adverse impacts of the COVID-19 pandemic on the financial performance of certain of the Company's retail stores and the shift in consumer buying trends from brick and mortar retail stores to digital channels. Please see Note 11, “Fair Value Measurements,” for a further discussion.
(3)The Company completed the Australia and TH CSAP acquisitions in the second quarter of 2019. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.

Revenue, based on location of origin, was as follows:
(In millions)
2020 (1)(2)
2019 (1)
2018 (1)
Domestic$2,460.0 $4,275.0 $4,481.3 
Canada262.2 505.5 528.8 
Europe3,154.3 3,657.3 3,362.1 
Asia-Pacific(3)
1,189.6 1,353.4 1,163.7 
Other foreign66.5 117.8 120.9 
Total$7,132.6 $9,909.0 $9,656.8 

(1)Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
(2)Revenue was significantly negatively impacted by the COVID-19 pandemic, including as a result of reduced traffic and consumer spending trends, and temporary store closures during the year.
(3)The Company completed the Australia and TH CSAP acquisitions in the second quarter of 2019. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.