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ACCUMULATED OTHER COMPREHENSIVE LOSS CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 30, 2023
Apr. 30, 2023
Jul. 31, 2022
May 01, 2022
Jul. 30, 2023
Jul. 31, 2022
Net (loss) gain on net investment hedges, net of tax $ (2.9)   $ 28.6   $ (12.7) $ 78.8
Change in accumulated other comprehensive loss            
Balance at beginning of year   $ (713.1)     (713.1)  
Other comprehensive (loss) income 18.5   (57.9)   (10.0) (113.7)
Balance at end of period (723.1)   (726.4)   (723.1) (726.4)
Foreign currency translation adjustments            
Net (loss) gain on net investment hedges, net of tax         (12.7) 78.8
Change in accumulated other comprehensive loss            
Balance at beginning of year   (710.1)   $ (665.9) (710.1) (665.9)
Other comprehensive (loss) income, before reclassifications, net of tax [1]         (8.3) (148.4) [2]
Less: Amounts reclassified from AOCL, net of tax 0.0   (3.4)   0.0 (3.4) [3]
Other comprehensive (loss) income         (8.3) (145.0)
Balance at end of period (718.4)   (810.9)   (718.4) (810.9)
Realized gain on effective cash flow hedges            
Change in accumulated other comprehensive loss            
Balance at beginning of year   (3.0)   53.2 (3.0) 53.2
Other comprehensive (loss) income, before reclassifications, net of tax         5.5 33.9
Less: Amounts reclassified from AOCL, net of tax 3.8   3.8   7.2 2.6
Other comprehensive (loss) income         (1.7) 31.3
Balance at end of period (4.7)   84.5   (4.7) 84.5
Total            
Net (loss) gain on net investment hedges, net of tax (2.9) (9.8) 28.6 50.2    
Change in accumulated other comprehensive loss            
Balance at beginning of year   $ (713.1)   $ (612.7) (713.1) (612.7)
Other comprehensive (loss) income, before reclassifications, net of tax         (2.8) (114.5)
Less: Amounts reclassified from AOCL, net of tax         7.2 (0.8)
Other comprehensive (loss) income         (10.0) (113.7)
Balance at end of period $ (723.1)   $ (726.4)   $ (723.1) $ (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.