ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Nov. 01, 2020

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 7 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

AOCI consists of accumulated net unrealized gains or losses associated with foreign currency translation adjustments and the changes in the fair value of derivatives designated as cash flow hedges.

The balances and changes in AOCI, net of tax by component for the three and nine months ended November 1, 2020 and November 3, 2019 was as follows (amounts in millions):


	Three Months Ended				Nine Months Ended
	November 1,		November 3,		November 1,		November 3,
	2020		2019		2020		2019
Foreign currency translation adjustment:
Beginning balance	$	(14.9)	$	(15.3)	$	(15.2)	$	(15.4)
Other comprehensive income (loss) before reclassifications		(0.8)		—		(0.5)		0.1
Amounts reclassified from AOCI into earnings⁽¹⁾		15.5		—		15.5		—
Ending balance	$	(0.2)	$	(15.3)	$	(0.2)	$	(15.3)

Cash flow hedge, net of tax:
Beginning balance	$	(51.4)	$	(35.4)	$	(36.9)	$	(15.3)
Other comprehensive income (loss) before reclassifications		(13.0)		(2.1)		(36.0)		(24.6)
Amounts reclassified from AOCI into earnings⁽²⁾		48.6		1.8		57.1		4.1
Other		—		—		—		0.1
Ending balance, net of tax of $5.4, $12.3, $5.4, and $12.3	$	(15.8)	$	(35.7)	$	(15.8)	$	(35.7)
Total ending balance of AOCI	$	(16.0)	$	(51.0)	$	(16.0)	$	(51.0)

(1)	Comprised of unrealized loss reclassified into Income from discontinued operations, net of tax, for the sale of the Construction & Industrial business.

(2)

Comprised of unrealized loss reclassified into Interest expense in all periods. The three and nine months ended November 1, 2020 also include $43.6 million recognized loss on the termination of $500.0 million notional value of the interest rate swap reclassified into Other (income) expense, net. For further information, see "Note 4 - Derivative Instruments."