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ACCUMULATED OTHER COMPREHENSIVE LOSS
12 Months Ended
Jan. 30, 2022
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Loss ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table presents the changes in AOCL, net of related taxes, by component:
(In millions)Foreign currency translation adjustmentsNet unrealized and realized gain (loss) on effective cash flow hedgesTotal
Balance at February 3, 2019$(537.6)$29.7 $(507.9)
Other comprehensive (loss) income before reclassifications(128.1)
(1)(2)
15.9 (112.2)
Less: Amounts reclassified from AOCL— 20.0 20.0 
Other comprehensive loss(128.1)(4.1)(132.2)
Balance at February 2, 2020$(665.7)$25.6 $(640.1)
Other comprehensive income (loss) before reclassifications184.1 
(1)(3)
(60.4)123.7 
Less: Amounts reclassified from AOCL— 2.7 2.7 
Other comprehensive income (loss)184.1 (63.1)121.0 
Balance at January 31, 2021$(481.6)$(37.5)$(519.1)
Other comprehensive (loss) income before reclassifications(184.3)
(1)(2)
88.1 (96.2)
Less: Amounts reclassified from AOCL— (2.6)(2.6)
Other comprehensive (loss) income(184.3)90.7 (93.6)
Balance at January 30, 2022$(665.9)$53.2 $(612.7)
(1)Foreign currency translation adjustments included a net gain (loss) on net investment hedges of $83.8 million, $(94.4) million and $29.7 million in 2021, 2020 and 2019, respectively.
(2)Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.
(3)Favorable foreign currency translation adjustments were principally driven by a weakening of the United States dollar against the euro.
    
The following table presents reclassifications from AOCL to earnings:
Amount Reclassified from AOCLAffected Line Item in the Company’s Consolidated Statements of Operations
(In millions)202120202019
Realized (loss) gain on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)$(1.8)$12.5 $23.1 Cost of goods sold
Interest rate swap agreements(1.5)— — 
SG&A (1)
Interest rate swap agreements(3.0)(11.0)(1.4)Interest expense
Less: Tax effect(3.7)(1.2)1.7 Income tax expense (benefit)
Total, net of tax$(2.6)$2.7 $20.0 

(1) The Company dedesignated certain cash flow hedges related to its interest rate swap agreements during 2021. Please see Note 10, “Derivative Financial Instruments,” for further discussion.