FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Apr. 30, 2023

Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:

	4/30/23							1/29/23							5/1/22
(In millions)	Level 1		Level 2		Level 3	Total		Level 1		Level 2		Level 3	Total		Level 1		Level 2		Level 3	Total
Assets:
Foreign currency forward exchange contracts	N/A		$	11.9	N/A	$	11.9	N/A		$	15.8	N/A	$	15.8	N/A		$	95.8	N/A	$	95.8
Rabbi trust assets	2.0		7.0		N/A	9.0		1.5		5.7		N/A	7.2		0.5		4.2		N/A	4.7
Total Assets	$	2.0	$	18.9	N/A	$	20.9	$	1.5	$	21.5	N/A	$	23.0	$	0.5	$	100.0	N/A	$	100.5
Liabilities:
Foreign currency forward exchange contracts	N/A		$	31.0	N/A	$	31.0	N/A		$	35.4	N/A	$	35.4	N/A		$	4.1	N/A	$	4.1
Total Liabilities	N/A		$	31.0	N/A	$	31.0	N/A		$	35.4	N/A	$	35.4	N/A		$	4.1	N/A	$	4.1

Fair Value Measurements, Nonrecurring [Table Text Block]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt were as follows:

	4/30/23				1/29/23				5/1/22
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	373.8	$	373.8	$	550.7	$	550.7	$	748.7	$	748.7
Short-term borrowings	17.3		17.3		46.2		46.2		15.5		15.5
Long-term debt (including portion classified as current)	2,305.0		2,278.0		2,288.9		2,262.3		2,252.7		2,283.0

The fair values of cash and cash equivalents and short-term borrowings approximate their carrying amounts due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement. The carrying amounts of long-term debt reflect the unamortized portions of debt issuance costs and the original issue discounts.