XML 63 R52.htm IDEA: XBRL DOCUMENT v3.23.2
DERIVATIVE FINANCIAL INSTRUMENTS (Details)
€ in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 30, 2023
USD ($)
Jul. 31, 2022
USD ($)
Jul. 30, 2023
USD ($)
Jul. 31, 2022
USD ($)
Jul. 30, 2023
EUR (€)
Jan. 29, 2023
USD ($)
Derivative [Line Items]            
Cost of goods sold $ 934.7 $ 912.5 $ 1,842.3 $ 1,796.5    
Selling, general and administrative expenses 1,138.5 1,070.4 2,202.5 2,109.8    
Interest expense $ 25.9 21.8 $ 51.2 44.8    
Percentage of long-term debt at fixed interest rates 80.00%   80.00%   80.00%  
Repayment of senior unsecured credit facilities     $ 0.0 13.4    
2019 Facilities Term Loan A [Member]            
Derivative [Line Items]            
Repayment of senior unsecured credit facilities       13.4    
Other Current Assets [Member]            
Derivative [Line Items]            
Derivative Asset, Fair Value, Gross Asset $ 6.9 91.2 6.9 91.2   $ 15.7
Other Assets [Member]            
Derivative [Line Items]            
Derivative Asset, Fair Value, Gross Asset 0.0 2.5 0.0 2.5   0.1
Accrued Expenses [Member]            
Derivative [Line Items]            
Derivative Liability, Fair Value, Gross Liability 26.1 2.6 26.1 2.6   33.2
Other Liabilities [Member]            
Derivative [Line Items]            
Derivative Liability, Fair Value, Gross Liability 1.4 0.1 1.4 0.1   2.2
Foreign Currency Forward Exchange Contracts [Member]            
Derivative [Line Items]            
Derivative, Notional Amount 1,333.7   1,333.7      
Net Investment Hedging [Member]            
Derivative [Line Items]            
Long-term Debt, Fair Value 1,199.1 1,147.8 1,199.1 1,147.8   1,192.0
Long-term Debt, Carrying Amount 1,233.6 1,139.6 1,233.6 1,139.6   1,215.4
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Current Assets [Member]            
Derivative [Line Items]            
Derivative Asset, Fair Value, Gross Asset 0.2 6.7 0.2 6.7   0.0
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Assets [Member]            
Derivative [Line Items]            
Derivative Asset, Fair Value, Gross Asset 0.0 0.0 0.0 0.0   0.0
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Accrued Expenses [Member]            
Derivative [Line Items]            
Derivative Liability, Fair Value, Gross Liability 4.3 1.5 4.3 1.5   12.5
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Liabilities [Member]            
Derivative [Line Items]            
Derivative Liability, Fair Value, Gross Liability 0.0 0.0 0.0 0.0   0.0
Cost of Sales [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member]            
Derivative [Line Items]            
Derivative Instruments, Net Loss Reclassification from AOCL to expense, Estimated Net Amount to be Transferred $ 4.8          
Derivative Instruments, Net Loss Reclassification from AOCL to expense, Estimate of Time to Transfer 12 months          
Selling, General and Administrative Expenses [Member] | Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member]            
Derivative [Line Items]            
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain Recognized in Expense, Net [1] $ (1.8) 12.5 (2.8) 26.6    
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member]            
Derivative [Line Items]            
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain, before Reclassification and Tax 5.6 12.5 8.0 45.8    
Derivative Instruments, Gain Reclassified from AOCL into Income, Effective Portion, Net $ 5.4 $ 5.2 $ 10.2 $ 3.7    
Derivative Instrument, Gain Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of goods sold Cost of goods sold Cost of goods sold Cost of goods sold    
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Other Current Assets [Member]            
Derivative [Line Items]            
Derivative Asset, Fair Value, Gross Asset $ 6.7 $ 84.5 $ 6.7 $ 84.5   15.7
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Other Assets [Member]            
Derivative [Line Items]            
Derivative Asset, Fair Value, Gross Asset 0.0 2.5 0.0 2.5   0.1
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Accrued Expenses [Member]            
Derivative [Line Items]            
Derivative Liability, Fair Value, Gross Liability 21.8 1.1 21.8 1.1   20.7
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Other Liabilities [Member]            
Derivative [Line Items]            
Derivative Liability, Fair Value, Gross Liability 1.4 0.1 1.4 0.1   2.2
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Net Investment Hedging [Member]            
Derivative [Line Items]            
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax (3.9) 38.2 (16.9) 105.0    
Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Derivative Contract            
Derivative [Line Items]            
Other Comprehensive Income (Loss), Designated Hedges, Gain (Loss) before Reclassification and Tax 1.7 50.7 (8.9) 150.8    
Senior notes due 2027 [Member]            
Derivative [Line Items]            
Debt instrument, face amount | €         € 600.0  
Long-term Debt, Carrying Amount [2] $ 656.8 607.1 $ 656.8 607.1   647.3
Debt Instrument, Interest Rate, Stated Percentage 3.125%   3.125%   3.125%  
Senior notes due 2024 [Member]            
Derivative [Line Items]            
Debt instrument, face amount $ 525.0   $ 525.0   € 525.0  
Long-term Debt, Carrying Amount [2] $ 576.8 $ 532.5 $ 576.8 $ 532.5   $ 568.1
Debt Instrument, Interest Rate, Stated Percentage 3.625%   3.625%   3.625%  
[1] Any gains and losses that are immediately recognized in earnings on such contracts are largely offset by the remeasurement of the underlying balances.
[2] The carrying amount of the euro-denominated Term Loan A facilities and the senior unsecured euro notes includes the impact of changes in the exchange rate of the United States dollar against the euro.