Inventories (Tables)

12 Months Ended

Jan. 30, 2021

Inventory Disclosure [Abstract]

Summary of Inventory

The following table summarizes the details of the Company’s inventory:

(in millions)	January 30, 2021		February 1, 2020
Raw materials	$	45.3	$	56.2
Finished goods	1,987.2		2,275.5
Total inventories	$	2,032.5	$	2,331.7

Schedule of Inventory Reserves

Inventory reserves

(in millions)	Fiscal 2021		Fiscal 2020		Fiscal 2019
Inventory reserve, beginning of period	$	67.0	$	95.3	$	40.6
Charged to income(1)	78.1		80.2		131.4
Utilization(2)	(92.2)		(108.5)		(76.7)
Inventory reserve, end of period(3)	$	52.9	$	67.0	$	95.3

(1) Includes $1.4 million in Fiscal 2021, $9.2 million in Fiscal 2020, and $62.2 million in Fiscal 2019 for inventory charges associated with the Company’s restructuring plan. The charges were primarily associated with discontinued brands and collections within the restructuring - cost of sales line item on the consolidated statements of operations. See Note 6 for additional information.

(2) Includes the impact of foreign exchange translation between opening and closing balance sheet dates, as well as $20.0 million in Fiscal 2021, $40.0 million in Fiscal 2020, and $10.6 million in Fiscal 2019 utilized for inventory identified as part of the Company’s restructuring plan. See Note 6 for additional information.

(3) Includes $2.2 million for Fiscal 2021, $20.8 million in Fiscal 2020, and $51.6 million in Fiscal 2019 for inventory identified as part of the Company’s restructuring plan. See Note 6 for additional information.