ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Jul. 30, 2023

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 twenty-six weeks ended July 30, 2023 and July 31, 2022:

(In millions)	Foreign currency translation adjustments			Net unrealized and realized (loss) gain on effective cash flow hedges		Total
Balance, January 29, 2023	$	(710.1)		$	(3.0)	$	(713.1)
Other comprehensive (loss) income before reclassifications	(8.3)		(1)	5.5		(2.8)
Less: Amounts reclassified from AOCL	—			7.2		7.2
Other comprehensive loss	(8.3)			(1.7)		(10.0)
Balance, July 30, 2023	$	(718.4)		$	(4.7)	$	(723.1)

(In millions)	Foreign currency translation adjustments			Net unrealized and realized gain on effective cash flow hedges		Total
Balance, January 30, 2022	$	(665.9)		$	53.2	$	(612.7)
Other comprehensive (loss) income before reclassifications	(148.4)		(1)(2)	33.9		(114.5)
Less: Amounts reclassified from AOCL	(3.4)		(3)	2.6		(0.8)
Other comprehensive (loss) income	(145.0)			31.3		(113.7)
Balance, July 31, 2022	$	(810.9)		$	84.5	$	(726.4)

(1) Foreign currency translation adjustments included a net (loss) gain on net investment hedges of $(12.7) million and $78.8 million during the twenty-six weeks ended July 30, 2023 and July 31, 2022, respectively.

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

(3) Foreign currency translation adjustment losses were reclassified from AOCL during the second quarter of 2022 in connection with the Karl Lagerfeld transaction. Please see Note 4, “Investments in Unconsolidated Affiliates,” for further discussion.

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 and twenty-six weeks ended July 30, 2023 and July 31, 2022:

	Amount Reclassified from AOCL										Affected Line Item in the Company’s Consolidated Statements of Operations
	Thirteen Weeks Ended					Twenty-Six Weeks Ended
(In millions)	7/30/23		7/31/22			7/30/23		7/31/22
Realized gain on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	5.4	$	5.2		$	10.2	$	3.7		Cost of goods sold
Less: Tax effect	1.6		1.4			3.0		1.1			Income tax expense
Total, net of tax	$	3.8	$	3.8		$	7.2	$	2.6
Foreign currency translation adjustments:
Karl Lagerfeld transaction	$	—	$	(3.4)	(1)	$	—	$	(3.4)	(1)	Equity in net income of unconsolidated affiliates
Less: Tax effect	—		—			—		—			Income tax expense
Total, net of tax	$	—	$	(3.4)		$	—	$	(3.4)

(1) Foreign currency translation adjustment losses were reclassified from AOCL during the second quarter of 2022 in connection with the Karl Lagerfeld transaction. Please see Note 4, “Investments in Unconsolidated Affiliates,” for further discussion.