XML 45 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Oct. 29, 2017
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 of the Company’s derivative financial instruments in its Consolidated Balance Sheets:
 
Assets (Classified in Other Current Assets and Other Assets)
Liabilities (Classified in Accrued Expenses and Other Liabilities)
(In millions)
10/29/17
 
1/29/17
 
10/30/16
 
10/29/17
 
1/29/17
 
10/30/16
Contracts designated as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward exchange contracts (inventory purchases)
$
7.1

 
$
25.1

 
$
16.8

 
$
31.3

 
$
2.6

 
$
2.2

Interest rate swap agreements
0.8

 
—

 
—

 
1.1

 
7.1

 
12.4

Total contracts designated as cash flow hedges
7.9

 
25.1

 
16.8

 
32.4

 
9.7

 
14.6

Undesignated contracts:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
2.1

 
0.8

 
1.2

 
1.0

 
0.0

 
0.1

Foreign currency option contracts
0.0

 
3.2

 
2.3

 
—

 
—

 
—

Total undesignated contracts
2.1

 
4.0

 
3.5

 
1.0

 
0.0

 
0.1

Total
$
10.0

 
$
29.1

 
$
20.3

 
$
33.4

 
$
9.7

 
$
14.7
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table summarizes the effect of the Company’s hedges designated as cash flow and net investment hedging instruments:
 
 
Gain (Loss) Recognized in Other Comprehensive (Loss) Income
 
(Loss) Gain Reclassified from AOCL into (Expense) Income
(In millions)
 
 
Location
Amount
Thirteen Weeks Ended
 
10/29/17
 
10/30/16
 
 
10/29/17
 
10/30/16
Foreign currency forward exchange contracts     (inventory purchases)
 
$
8.9

 
$
17.2

 
Cost of goods sold
$
(6.9
)
 
0.0

Interest rate swap agreements
 
0.8

 
1.0

 
Interest expense
(1.3
)
 
(3.6
)
Foreign currency borrowings (Net investment hedge)
 
4.3

 
6.6

 
N/A
—

 
—

Total    
 
$
14.0

 
$
24.8

 
 
$
(8.2
)
 
$
(3.6
)
 
 
 
 
 
 
 
 
 
 
Thirty-Nine Weeks Ended
 
10/29/17
 
10/30/16
 
 
10/29/17
 
10/30/16
Foreign currency forward exchange contracts     (inventory purchases)
 
$
(61.3
)
 
$
(20.0
)
 
Cost of goods sold
$
1.2

 
$
8.2

Interest rate swap agreements
 
1.5

 
(0.5
)
 
Interest expense
(5.3
)
 
(8.7
)
Foreign currency borrowings (Net investment hedge)
 
(31.8
)
 
14.4

 
N/A
—

 
—

Total
 
$
(91.6
)
 
$
(6.1
)
 
 
$
(4.1
)
 
$
(0.5
)
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 undesignated contracts recognized in SG&A expenses in its Consolidated Income Statements:
(In millions)
 
(Loss) Gain Recognized in (Expense) Income
Thirteen Weeks Ended
 
10/29/17
 
10/30/16
Foreign currency forward exchange contracts
 
$
(0.2
)
 
$
2.7

Foreign currency option contracts
 
(0.0
)
 
0.2



Thirty-Nine Weeks Ended
 
10/29/17
 
10/30/16
Foreign currency forward exchange contracts
 
$
1.5

 
$
(4.0
)
Foreign currency option contracts
 
(4.3
)
 
0.0