RETIREMENT AND BENEFIT PLANS (Tables)

9 Months Ended

Oct. 30, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

The components of net benefit cost recognized were as follows:

	Pension Plans				Pension Plans
	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
(In millions)	10/30/22		10/31/21		10/30/22		10/31/21
Service cost	$	7.8	$	9.9	$	23.5	$	30.4
Interest cost	6.3		6.2		19.0		18.6
Expected return on plan assets	(10.4)		(11.2)		(31.3)		(33.4)
Special termination benefits	—		0.2		—		0.5
Heritage Brands transaction gain	—		(1.5)		—		(1.5)
Total	$	3.7	$	3.6	$	11.2	$	14.6

	SERP Plans				SERP Plans
	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
(In millions)	10/30/22		10/31/21		10/30/22		10/31/21
Service cost	$	0.6	$	1.1	$	1.9	$	3.5
Interest cost	0.7		0.8		2.1		2.4
Special termination benefits	—		1.2		—		1.8
Heritage Brands transaction gain	—		(0.3)		—		(0.3)
Total	$	1.3	$	2.8	$	4.0	$	7.4

The Company completed the Heritage Brands transaction on the first day of the third quarter of 2021. In connection with the sale, the employment of certain employees based in the United States engaged in the Heritage Brands business was terminated during the third quarter of 2021. However, the Company retained the liability for any deferred vested benefits earned by these employees under its retirement plans. No further benefits were accrued under the plans for these employees and as a result, the Company recognized a gain of $1.8 million in the third quarter of 2021, with a corresponding decrease to its pension benefit obligation. For certain eligible employees affected by the transaction, the Company provided an enhanced retirement benefit and as a result recognized $1.4 million of special termination benefit costs during the third quarter of 2021 with a corresponding increase to its pension benefit obligation. These amounts were included in other gain in the Company’s Consolidated Statement of Operations. Please see Note 4, “Acquisitions and Divestitures,” for further discussion of the sale of certain heritage brands trademarks and other assets.

The Company provided enhanced retirement benefits to terminated employees during the second quarter of 2021 and as a result recognized $0.9 million of special termination benefit costs with a corresponding increase to its pension benefit obligation.

The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. As a result of the Company’s acquisition of The Warnaco Group, Inc. (“Warnaco”), the Company also provides certain postretirement health care and life insurance benefits to certain Warnaco retirees resident in the United States. Retirees contribute to the cost of the applicable plan, both of which are unfunded and frozen. The Company refers to these two plans as its “Postretirement Plans.” Net benefit cost related to the Postretirement Plans was immaterial for the thirteen and thirty-nine weeks ended October 30, 2022 and October 31, 2021.