ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

May 01, 2022

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 thirteen weeks ended May 1, 2022 and May 2, 2021:

(In millions)	Foreign currency translation adjustments			Net unrealized and realized gain (loss) on effective cash flow hedges		Total
Balance, January 30, 2022	$	(665.9)		$	53.2	$	(612.7)
Other comprehensive (loss) income before reclassifications	(81.6)		(1)(2)	24.6		(57.0)
Less: Amounts reclassified from AOCL	—			(1.2)		(1.2)
Other comprehensive (loss) income	(81.6)			25.8		(55.8)
Balance, May 1, 2022	$	(747.5)		$	79.0	$	(668.5)

(In millions)	Foreign currency translation adjustments			Net unrealized and realized (loss) gain on effective cash flow hedges		Total
Balance, January 31, 2021	$	(481.6)		$	(37.5)	$	(519.1)
Other comprehensive (loss) income before reclassifications	(2.0)		(1)(2)	9.7		7.7
Less: Amounts reclassified from AOCL	—			1.4		1.4
Other comprehensive (loss) income	(2.0)			8.3		6.3
Balance, May 2, 2021	$	(483.6)		$	(29.2)	$	(512.8)

(1) Foreign currency translation adjustments included a net gain on net investment hedges of $50.2 million and $4.5 million during the thirteen weeks ended May 1, 2022 and May 2, 2021, respectively.

(2) 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 weeks ended May 1, 2022 and May 2, 2021:

	Amount Reclassified from AOCL				Affected Line Item in the Company’s Consolidated Statements of Operations
	Thirteen Weeks Ended
(In millions)	5/1/22		5/2/21
Realized (loss) gain on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	(1.5)	$	2.0	Cost of goods sold
Interest rate swap agreements	—		(1.1)		Interest expense
Less: Tax effect	(0.3)		(0.5)		Income tax expense
Total, net of tax	$	(1.2)	$	1.4