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SEGMENT DATA (Details) - USD ($)
$ in Millions
12 Months Ended
May 31, 2019
Jan. 30, 2022
Jan. 31, 2021
Feb. 02, 2020
May 03, 2020
Revenue:          
Total revenue [1],[3]   $ 9,154.7 [2] $ 7,132.6 [2] $ 9,909.0  
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes [4]   1,076.9 (1,071.7) [5] 558.7  
Actuarial gain (loss) on retirement and benefit plans   48.7 64.5 (97.8)  
Business Combination, Acquisition related costs   34.2 34.3    
Other (gain) loss, net   118.9 (3.1) (28.9)  
Goodwill and other intangible asset impairments   0.0 933.5 0.0  
Impairment of Long-Lived Assets Held-for-use   47.0 81.9 109.9 [6]  
Noncash Impairment Charges     1,000.0    
Other (gain) loss, net   (118.9) 3.1 28.9  
Long-Lived Assets          
Earnings Before Interest and Taxes:          
Noncash Impairment Charges     74.7    
Fair Value, Nonrecurring [Member] | Property, Plant and Equipment [Member]          
Earnings Before Interest and Taxes:          
Impairment of Long-Lived Assets Held-for-use   25.8 53.7 26.9  
Total Assets, Fair Value     1.6 0.0 $ 1.1
Long-lived assets, carrying amount   26.4 32.1 26.9 $ 17.1
Fair Value, Nonrecurring [Member] | 2020 Year to Date | Property, Plant and Equipment [Member]          
Earnings Before Interest and Taxes:          
Long-lived assets, carrying amount     56.4    
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Property, Plant and Equipment [Member]          
Earnings Before Interest and Taxes:          
Total Assets, Fair Value   0.6 2.7 0.0  
Tommy Hilfiger North America [Member]          
Revenue:          
Total revenue [3]   1,184.8 [2] 968.8 [2] 1,647.9  
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes   21.2 [7] (130.5) [8],[9] 93.5 [10],[11]  
Tommy Hilfiger Store Closures       54.9  
Tommy Hilfiger North America [Member] | Long-Lived Assets          
Earnings Before Interest and Taxes:          
Noncash Impairment Charges     6.0    
Tommy Hilfiger International [Member]          
Revenue:          
Total revenue [3]   3,518.9 [2] 2,667.6 [2] 3,063.8  
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes   654.2 [7] 259.5 [8] 468.2 [12]  
Tommy Hilfiger International [Member] | Long-Lived Assets          
Earnings Before Interest and Taxes:          
Noncash Impairment Charges     30.0    
Calvin Klein North America [Member]          
Revenue:          
Total revenue [3]   1,321.7 [2] 955.6 [2] 1,669.7  
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes   78.0 [7] (384.5) [8],[9],[13] 99.8 [11],[14]  
Goodwill and other intangible asset impairments     289.9    
Calvin Klein North America [Member] | Long-Lived Assets          
Earnings Before Interest and Taxes:          
Noncash Impairment Charges     14.2    
Calvin Klein International [Member]          
Revenue:          
Total revenue [3]   2,338.6 [2] 1,682.7 [2] 1,998.1  
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes   377.6 [7] (280.0) [8],[13] 153.3 [11],[12],[14]  
Goodwill and other intangible asset impairments     394.0    
Calvin Klein International [Member] | Long-Lived Assets          
Earnings Before Interest and Taxes:          
Noncash Impairment Charges     20.7    
Heritage Brands Wholesale [Member]          
Revenue:          
Total revenue [3]   715.1 [2] 717.9 [2] 1,271.9  
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes   160.9 [15] (312.5) [9],[13],[16] (84.9) [12],[16]  
Goodwill and other intangible asset impairments     249.6    
Heritage Brands Retail [Member]          
Revenue:          
Total revenue [3]   75.6 [2] 140.0 [2] 257.6  
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes   (33.9) [17] (93.4) [8],[17] 3.0  
Heritage Brands Retail [Member] | Long-Lived Assets          
Earnings Before Interest and Taxes:          
Noncash Impairment Charges     3.8    
Corporate [Member]          
Earnings Before Interest and Taxes:          
Income (loss) before interest and taxes [18]   (181.1) [7] (130.3) [9],[19] (174.2) [12],[20]  
Actuarial gain (loss) on retirement and benefit plans   48.7 64.5 (97.8)  
Karl Lagerfeld [Member]          
Earnings Before Interest and Taxes:          
Equity Method Investment, Other than Temporary Impairment     12.3    
Calvin Klein Restructuring [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred       102.9  
Calvin Klein Restructuring [Member] | Calvin Klein North America [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred       66.0  
Calvin Klein Restructuring [Member] | Calvin Klein International [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred       36.9  
North America Workforce Reduction [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred     39.7    
North America Workforce Reduction [Member] | Tommy Hilfiger North America [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred     10.9    
North America Workforce Reduction [Member] | Calvin Klein North America [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred     10.5    
North America Workforce Reduction [Member] | Heritage Brands Wholesale [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred     12.5    
North America Workforce Reduction [Member] | Corporate [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred     5.8    
Reduction in Workforce and Real Estate Footprint          
Earnings Before Interest and Taxes:          
Exit activity costs incurred   47.6      
Reduction in Workforce and Real Estate Footprint | Tommy Hilfiger North America [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred   1.7      
Reduction in Workforce and Real Estate Footprint | Tommy Hilfiger International [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred   8.9      
Reduction in Workforce and Real Estate Footprint | Calvin Klein North America [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred   2.1      
Reduction in Workforce and Real Estate Footprint | Calvin Klein International [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred   6.4      
Reduction in Workforce and Real Estate Footprint | Corporate [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred   28.5      
Australia and TH CSAP Acquisitions [Member] | Tommy Hilfiger International [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Acquisition Related Costs       11.1  
Australia and TH CSAP Acquisitions [Member] | Calvin Klein International [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Acquisition Related Costs       6.0  
Australia and TH CSAP Acquisitions [Member] | Heritage Brands Wholesale [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Acquisition Related Costs       1.8  
Australia and TH CSAP Acquisitions [Member] | Corporate [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Acquisition Related Costs       2.5  
Australia Acquisition [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain $ 113.1        
Australia Acquisition [Member] | Corporate [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain       113.1  
Australia Acquisition [Member] | Gazal and PVH Australia [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Costs Related to Equity Investment       2.1  
Tommy Hilfiger China Acquisition [Member] | Tommy Hilfiger International [Member]          
Earnings Before Interest and Taxes:          
Business Combination, Acquisition related costs       19.3  
Socks and hosiery transaction [Member]          
Earnings Before Interest and Taxes:          
Loss on Contract Termination       59.8  
Socks and hosiery transaction [Member] | Tommy Hilfiger North America [Member]          
Earnings Before Interest and Taxes:          
Loss on Contract Termination       7.5  
Socks and hosiery transaction [Member] | Calvin Klein North America [Member]          
Earnings Before Interest and Taxes:          
Loss on Contract Termination       25.5  
Socks and hosiery transaction [Member] | Calvin Klein International [Member]          
Earnings Before Interest and Taxes:          
Loss on Contract Termination       26.8  
Net sales          
Revenue:          
Total revenue   8,723.7 6,798.7 9,400.0  
Net sales | Tommy Hilfiger North America [Member]          
Revenue:          
Total revenue   1,086.0 901.2 1,540.2  
Net sales | Tommy Hilfiger International [Member]          
Revenue:          
Total revenue   3,446.6 2,615.6 2,994.2  
Net sales | Calvin Klein North America [Member]          
Revenue:          
Total revenue   1,129.5 826.8 1,467.0  
Net sales | Calvin Klein International [Member]          
Revenue:          
Total revenue   2,283.1 1,614.6 1,896.7  
Net sales | Heritage Brands Wholesale [Member]          
Revenue:          
Total revenue   702.9 703.1 1,248.5  
Net sales | Heritage Brands Retail [Member]          
Revenue:          
Total revenue   75.6 137.4 253.4  
Royalty revenue          
Revenue:          
Total revenue   340.1 260.4 379.9  
Royalty revenue | Tommy Hilfiger North America [Member]          
Revenue:          
Total revenue   79.0 53.7 84.1  
Royalty revenue | Tommy Hilfiger International [Member]          
Revenue:          
Total revenue   56.8 40.1 49.8  
Royalty revenue | Calvin Klein North America [Member]          
Revenue:          
Total revenue   145.6 99.8 148.9  
Royalty revenue | Calvin Klein International [Member]          
Revenue:          
Total revenue   48.3 52.2 74.1  
Royalty revenue | Heritage Brands Wholesale [Member]          
Revenue:          
Total revenue   10.4 12.3 19.2  
Royalty revenue | Heritage Brands Retail [Member]          
Revenue:          
Total revenue   0.0 2.3 3.8  
Advertising and other revenue          
Revenue:          
Total revenue   90.9 73.5 129.1  
Advertising and other revenue | Tommy Hilfiger North America [Member]          
Revenue:          
Total revenue   19.8 13.9 23.6  
Advertising and other revenue | Tommy Hilfiger International [Member]          
Revenue:          
Total revenue   15.5 11.9 19.8  
Advertising and other revenue | Calvin Klein North America [Member]          
Revenue:          
Total revenue   46.6 29.0 53.8  
Advertising and other revenue | Calvin Klein International [Member]          
Revenue:          
Total revenue   7.2 15.9 27.3  
Advertising and other revenue | Heritage Brands Wholesale [Member]          
Revenue:          
Total revenue   1.8 2.5 4.2  
Advertising and other revenue | Heritage Brands Retail [Member]          
Revenue:          
Total revenue   0.0 0.3 0.4  
Speedo Transaction [Member]          
Earnings Before Interest and Taxes:          
Other (gain) loss, net     $ 3.1 $ 142.0  
Heritage Brands Transaction | Heritage Brands Wholesale [Member]          
Earnings Before Interest and Taxes:          
Exit activity costs incurred   5.5      
Aggregate net gain in connection with the Heritage Brands transaction   113.4      
Other (gain) loss, net   $ 118.9      
[1] No single customer accounted for more than 10% of the Company’s revenue in 2021, 2020 or 2019.
[2] Revenue in 2020 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. Revenue in 2021 continued to be negatively impacted by the pandemic and related supply chain and logistics disruptions, although to a much lesser extent than in 2020.
[3] Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[4] Income (loss) 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.
[5] Loss before interest and taxes in 2020 was significantly adversely impacted by the COVID-19 pandemic, including as a result of the unprecedented material decline in revenue noted above. As well, loss before interest and taxes in 2020 was significantly adversely impacted by $1.0 billion of noncash impairment charges related to goodwill, tradenames, and 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 (8), (9) and (11) below for further discussion.
[6] Noncash impairment charge of $116.4 million related to the sale of the Speedo North America business is included in Other (gain) loss, net. Please see Note 3 for further information.
[7] Income (loss) before interest and taxes for 2021 included costs of $47.6 million incurred in connection with actions to streamline the Company’s organization through reductions in its workforce, primarily in certain international markets, and to reduce its real estate footprint, including reductions in office space and select store closures, consisting of noncash asset impairments, severance, and contract termination and other costs. Such costs were included in the Company’s segments as follows: $1.7 million in Tommy Hilfiger North America, $8.9 million in Tommy Hilfiger International, $2.1 million in Calvin Klein North America, $6.4 million in Calvin Klein International and $28.5 million in corporate expenses not allocated to any reportable segments. Please see Note 17, “Exit Activity Costs,” for further discussion.
[8] (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.
[9] 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.
[10] 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.
[11] 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.
[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] 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.
[14] 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.
[15] Income before interest and taxes for 2021 included an aggregate net gain of $113.4 million in connection with the Heritage Brands transaction, consisting of (i) a $118.9 million gain, including a gain on the sale, less costs to sell, and a net gain on the Company’s retirement plans associated with the transaction, partially offset by (ii) $5.5 million of severance costs. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.
[16] 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.
[17] Loss before interest and taxes for 2021 and 2020 included costs and operating losses, as well as noncash asset impairments in 2020, associated with the wind down of the Heritage Brands Retail business that was completed in 2021. Please see Note 17, “Exit Activity Costs,” for further discussion.
[18] Includes corporate expenses not allocated to any reportable segments, the results of PVH Ethiopia (through the closure of the Ethiopia factory in the fourth quarter of 2021) and the Company’s proportionate share of the net income or loss of its investments in Karl Lagerfeld (prior to its impairment in the first quarter of 2020 and after the Company resumed the equity method of accounting for its investment in the fourth quarter of 2021) and Gazal (prior to the Australia acquisition closing). Please see Note 5, “Investments in Unconsolidated Affiliates,” for further discussion of the Company’s investment in Karl Lagerfeld and Note 6, “Redeemable Non-Controlling Interest,” for further discussion of PVH Ethiopia. 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, certain global strategic 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 $48.7 million, $64.5 million and $(97.8) million in 2021, 2020 and 2019, respectively.
[19] 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.
[20] 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.