GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Feb. 04, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill, by segment (please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:

(In millions)	Calvin Klein North America		Calvin Klein International		Tommy Hilfiger North America		Tommy Hilfiger International		Heritage Brands Wholesale		Total
Balance as of January 30, 2022
Goodwill, gross	$	781.8	$	891.5	$	203.0	$	1,633.9	$	105.0	$	3,615.2
Accumulated impairment losses	(287.3)		(394.0)		—		—		(105.0)		(786.3)
Goodwill, net	494.5		497.5		203.0		1,633.9		—		2,828.9
Impairment	(162.6)		(77.3)		(177.2)		—		—		(417.1)
Currency translation	—		(6.5)		—		(46.3)		—		(52.8)
Balance as of January 29, 2023
Goodwill, gross	781.8		885.0		203.0		1,587.6		105.0		3,562.4
Accumulated impairment losses	(449.9)		(471.3)		(177.2)		—		(105.0)		(1,203.4)
Goodwill, net	331.9		413.7		25.8		1,587.6		—		2,359.0
Reduction of goodwill, gross related to the Heritage Brands intimates transaction	—		—		—		—		(105.0)		(105.0)
Reduction of accumulated impairment losses related to the Heritage Brands intimates transaction	—		—		—		—		105.0		105.0
Currency translation	—		(7.6)		—		(29.3)		—		(36.9)
Balance as of February 4, 2024
Goodwill, gross	781.8		877.4		203.0		1,558.3		—		3,420.5
Accumulated impairment losses	(449.9)		(471.3)		(177.2)		—		—		(1,098.4)
Goodwill, net	$	331.9	$	406.1	$	25.8	$	1,558.3	$	—	$	2,322.1

The Company recorded a $105.0 million reduction to goodwill, gross and a corresponding $105.0 million reduction to accumulated impairment losses during 2023 in connection with the Heritage Brands intimates transaction. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.

As a result of the Company’s 2022 annual impairment test, the Company recorded $417.1 million of noncash impairment charges during the third quarter of 2022. Please see the section “Goodwill and Other Intangible Assets Impairment Testing” below for further discussion.

Schedule of Intangible Assets [Table Text Block]

The Company’s other intangible assets consisted of the following:

	2023						2022
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Intangible assets subject to amortization:
Customer relationships (1)	$	143.7	$	(123.0)	$	20.7	$	281.0	$	(248.3)	$	32.7
Reacquired license rights (1)	408.4		(134.2)		274.2		494.3		(199.3)		295.0
Total intangible assets subject to amortization	552.1		(257.2)		294.9		775.3		(447.6)		327.7
Indefinite-lived intangible assets:
Tradenames (2)	2,599.1		—		2,599.1		2,701.1		—		2,701.1
Reacquired perpetual license rights	203.4		—		203.4		221.1		—		221.1
Total indefinite-lived intangible assets	2,802.5		—		2,802.5		2,922.2		—		2,922.2
Total other intangible assets	$	3,354.6	$	(257.2)	$	3,097.4	$	3,697.5	$	(447.6)	$	3,249.9

The gross carrying amount and accumulated amortization of certain intangible assets include the impact of changes in foreign currency exchange rates.

(1) The gross carrying amount and accumulated amortization balances as of the end of 2023 both reflect a reduction of $133.1 million and $69.8 million in customer relationships and reacquired license rights, respectively, as these intangibles were fully amortized.

(2) The Company sold tradenames with a carrying value of $95.8 million during 2023 in connection with the Heritage Brands intimates transaction. Please see Note 3, “Acquisitions and Divestitures,” for further discussion.

Schedule of Expected Amortization Expense [Table Text Block]

Assuming constant foreign currency exchange rates and no change in the gross carrying amount of the intangible assets, amortization expense for the next five years related to the Company’s intangible assets subject to amortization as of February 4, 2024 is expected to be as follows:

(In millions)
Fiscal Year	Amount
2024	$	22.7
2025	16.9
2026	14.0
2027	13.8
2028	13.8