XML 51 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Nov. 02, 2014
Derivative Financial Instruments [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for the Company’s derivative financial instruments:
(In millions)
Asset Derivatives (Classified in Other Current Assets and Other Assets)
Liability Derivatives (Classified in Accrued Expenses and Other Liabilities)
 
11/2/14
 
11/3/13
 
11/2/14
 
11/3/13
Contracts designated as cash flow hedges:
 
 
 
 
 
 
 
Foreign currency forward exchange contracts     (inventory purchases)
$
36.3

 
$
1.2

 
$
0.1

 
$
9.2

Interest rate contracts
2.6

 
2.3

 
9.9

 
8.2

Total contracts designated as cash flow hedges
38.9

 
3.5

 
10.0

 
17.4

Undesignated contracts:
 
 
 
 
 
 
 
Foreign currency forward exchange contracts     (inventory purchases)
—

 
—

 
—

 
0.1

Foreign currency forward exchange contracts (principally intercompany transactions)
13.0

 
0.9

 
0.3

 
0.0

Total undesignated contracts
13.0

 
0.9

 
0.3

 
0.1

Total
$
51.9

 
$
4.4

 
$
10.3

 
$
17.5
Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]
The following table summarizes the effect of the Company’s hedges designated as cash flow hedging instruments:

 
 
Gain (Loss) Recognized in Other Comprehensive (Loss) Income
 
Gain (Loss) Reclassified from AOCI into Income (Expense)        
(In millions)
 
 
Location
 Amount
 
 
 
 
 
 
 
 
 
 
Thirteen Weeks Ended
 
11/2/14
 
11/3/13
 
 
11/2/14
 
11/3/13
Foreign currency forward exchange contracts     (inventory purchases)
 
$
36.9

 
$
(8.0
)
 
Cost of goods sold
$
2.9

 
$
(1.8
)
Interest rate contracts    
 
(5.7
)
 
(3.9
)
 
Interest expense
(1.5
)
 
(2.0
)
Total    
 
$
31.2

 
$
(11.9
)
 
 
$
1.4

 
$
(3.8
)
 
 
 
 
 
 
 
 
 
 
Thirty-Nine Weeks Ended
 
11/2/14
 
11/3/13
 
 
11/2/14
 
11/3/13
Foreign currency forward exchange contracts     (inventory purchases)
 
$
38.1

 
$
2.6

 
Cost of goods sold
$
(2.6
)
 
$
1.1

Interest rate contracts
 
(8.0
)
 
(5.0
)
 
Interest expense
(5.1
)
 
(4.2
)
Total
 
$
30.1

 
$
(2.4
)
 
 
$
(7.7
)
 
$
(3.1
)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table summarizes the effect of the Company’s foreign currency forward exchange undesignated contracts:
(In millions)

 
Gain (Loss) Recognized in Income
Thirteen Weeks Ended
 
Location
 
11/2/14
 
11/3/13
Foreign currency forward exchange contracts (inventory purchases)
 
Selling, general and administrative expenses
 
$
—

 
$
(0.2
)
Foreign currency forward exchange contracts (principally intercompany transactions)
 
Selling, general and administrative expenses
 
13.2

 
(1.4
)
 
 
 
 
 
 
 
Thirty-Nine Weeks Ended
 
Location
 
11/2/14
 
11/3/13
 
 
 
 
 
 
 
Foreign currency forward exchange contracts (inventory purchases)
 
Selling, general and administrative expenses
 
$
—

 
$
0.1

Foreign currency forward exchange contracts (principally intercompany transactions)
 
Selling, general and administrative expenses
 
12.9

 
(1.4
)