Accumulated other comprehensive income (loss) (Tables)

12 Months Ended

Jan. 30, 2021

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables present the changes in AOCI by component and the reclassifications out of AOCI, net of tax:


							Pension plan
(in millions)	Foreign currency translation		Gain (losses) on available-for-sale securities, net		Gains (losses) on cash flow hedges		Actuarial gains (losses)		Prior service credits (costs)		Accumulated other comprehensive income (loss)
Balance at February 3, 2018	$	(212.5)	$	(0.1)	$	0.7	$	(51.1)	$	2.4	$	(260.6)
OCI before reclassifications	(35.9)		0.4		4.8		(3.4)		(6.5)		(40.6)
Amounts reclassified from AOCI to net income	—		—		(1.5)		0.7		—		(0.8)
Impacts from adoption of new accounting pronouncements(1)	—		(0.8)		—		0.0		—		(0.8)
Net current period OCI	(35.9)		(0.4)		3.3		(2.7)		(6.5)		(42.2)
Balance at February 2, 2019	$	(248.4)	$	(0.5)	$	4.0	$	(53.8)	$	(4.1)	$	(302.8)
OCI before reclassifications	(1.7)		(0.2)		11.2		0.4		—		9.7
Amounts reclassified from AOCI to net income	—		1.0		(2.7)		1.0		—		(0.7)

Net current period OCI	(1.7)		0.8		8.5		1.4		—		9.0
Balance at February 1, 2020	$	(250.1)	$	0.3	$	12.5	$	(52.4)	$	(4.1)	$	(293.8)
OCI before reclassifications	11.2		0.2		(0.8)		4.4		—		15.0
Amounts reclassified from AOCI to net income	—		—		(12.6)		0.8		0.1		(11.7)

Net current period OCI	11.2		0.2		(13.4)		5.2		0.1		3.3
Balance at January 30, 2021	$	(238.9)	$	0.5	$	(0.9)	$	(47.2)	$	(4.0)	$	(290.5)

(1) Adjustment reflects the reclassification of unrealized gains related to the Company’s available-for-sale equity securities as of February 3, 2018 from AOCI into retained earnings associated with the adoption of ASU 2016-01.

Reclassification out of Accumulated Other Comprehensive Income

The amounts reclassified from AOCI were as follows:


	Amounts reclassified from AOCI
(in millions)	Fiscal 2021		Fiscal 2020		Fiscal 2019		Statement of operations caption
Losses (gains) on cash flow hedges:
Foreign currency contracts	$	—	$	(1.1)	$	0.7	Cost of sales (1)
De-designated foreign currency contracts	(0.6)		—		—		Other operating income (loss) (2)
Interest rate swaps	—		(0.6)		(1.9)		Interest expense, net (1)
Commodity contracts	(6.9)		(1.7)		(0.9)		Cost of sales (1)
De-designated commodity contracts	(9.3)		—		—		Other operating income (loss) (2)
Total before income tax	(16.8)		(3.4)		(2.1)
Income taxes	4.2		0.7		0.6
Net of tax	(12.6)		(2.7)		(1.5)

Defined benefit pension plan items:
Amortization of unrecognized actuarial losses	1.0		1.2		0.9		Other non-operating income, net (3)
Amortization of unrecognized net prior service credits	0.1		—		—		Other non-operating income, net (3)

Total before income tax	1.1		1.2		0.9
Income taxes	(0.2)		(0.2)		(0.2)
Net of tax	0.9		1.0		0.7

Available-for-sale securities:
Corporate equity securities, before income tax	—		1.0		—		Other operating income (loss) (4)
Income taxes	—		—		—
Net of tax	—		1.0		—

Total reclassifications, net of tax	$	(11.7)	$	(0.7)	$	(0.8)

(1) See Note 20 for additional information.

(2) The Company’s cash flow hedges were dedesignated during the first quarter of Fiscal 2021. See Note 20 for additional information.

(3) These items are included in the computation of net periodic pension benefit (cost). See Note 22 for additional information.

(4) See Note 19 for additional information.