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ACCUMULATED OTHER COMPREHENSIVE LOSS
3 Months Ended
Apr. 30, 2023
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Loss ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended April 30, 2023 and May 1, 2022:


(In millions)
Foreign currency translation adjustmentsNet unrealized and realized (loss) gain on effective cash flow hedgesTotal
Balance, January 29, 2023$(710.1)$(3.0)$(713.1)
Other comprehensive (loss) income before reclassifications(26.5)
(1)(2)
1.4 (25.1)
Less: Amounts reclassified from AOCL— 3.4 3.4 
Other comprehensive loss(26.5)(2.0)(28.5)
Balance, April 30, 2023$(736.6)$(5.0)$(741.6)

(In millions)
Foreign currency translation adjustmentsNet unrealized and realized gain (loss) on effective cash flow hedgesTotal
Balance, January 30, 2022$(665.9)$53.2 $(612.7)
Other comprehensive (loss) income before reclassifications(81.6)
(1)(3)
24.6 (57.0)
Less: Amounts reclassified from AOCL— (1.2)(1.2)
Other comprehensive (loss) income(81.6)25.8 (55.8)
Balance, May 1, 2022$(747.5)$79.0 $(668.5)

(1) Foreign currency translation adjustments included a net (loss) gain on net investment hedges of $(9.8) million and $50.2 million during the thirteen weeks ended April 30, 2023 and May 1, 2022, respectively.

(2) Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against certain currencies in the Asia-Pacific region (primarily the strengthening of the United States dollar against the Australian dollar), partially offset by a weakening of the United States dollar against the euro.

(3) Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.

The following table presents reclassifications from AOCL to earnings for the thirteen weeks ended April 30, 2023 and May 1, 2022:


Amount Reclassified from AOCLAffected Line Item in the Company’s Consolidated Statements of Operations
Thirteen Weeks Ended
(In millions)4/30/235/1/22
Realized gain (loss) on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)$4.8 $(1.5)Cost of goods sold
Less: Tax effect1.4 (0.3)Income tax expense
Total, net of tax$3.4 $(1.2)