XML 87 R71.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME TAXES Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 31, 2021
Feb. 02, 2020
Feb. 03, 2019
Income Tax Disclosure [Abstract]      
Statutory federal income tax rate 21.00% 21.00% 21.00%
State and local income taxes, net of federal income tax benefit 1.70% (2.40%) 0.50%
Effects of international jurisdictions, including foreign tax credits (2.20%) (15.70%) (9.50%)
Change in estimates for uncertain tax positions 2.10% (11.80%) [1] (3.70%)
Change in valuation allowance 0.90% 1.80% (5.30%) [2]
Remeasurement due to U.S. Tax Legislation 0.00% 0.00% 0.20%
Tax on foreign earnings (U.S. Tax Legislation - GILTI and FDII) (5.90%) 10.00% 1.90%
Tax on Speedo transaction basis difference 0.00% 2.30% 0.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent (13.30%) 0.00% 0.00%
Excess tax benefits related to stock-based compensation (0.40%) (0.20%) (0.60%)
Other, net 0.80% 1.50% (0.50%)
Effective income tax rate 4.70% 6.50% 4.00%
Goodwill, Impairment Loss $ 879.0    
Remeasurement of net deferred tax liabilities to lower United States statutory rate due to U.S. Tax Legislation     $ (1.6)
Valuation allowance released on foreign tax credits resulting from U.S. Tax Legislation     (26.3)
International Tax Jurisdictions 40    
Net Tax Benefit related to the U.S. Tax Legislation     $ 24.7
[1] Includes the settlement of a multi-year audit from an international jurisdiction.
[2] Includes the release of a $26.3 million valuation allowance on the Company’s foreign tax credits to adjust the provisional amount recorded in 2017 as a result of the U.S. Tax Legislation.