EXIT ACTIVITY COSTS (Tables)

12 Months Ended

Feb. 03, 2019

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

In connection with the Calvin Klein restructuring, the Company recorded pre-tax costs during 2018 and expects to incur total costs as follows:



(In millions)	Total Costs Expected to be Incurred			Costs Incurred During 2018
Severance, termination benefits and other employee costs	$	65.7		$	27.3
Long-lived asset impairments	55.0		⁽¹⁾	6.9
Lease/contract termination and other costs	45.0			4.3
Inventory markdowns	5.0			2.2
Total	$	170.7		$	40.7

⁽¹⁾ Includes the estimated impact of the closure of the flagship store on Madison Avenue in New York, New York, which will be accounted for as an asset impairment following the Company’s adoption of the new lease accounting guidance in the first quarter of 2019.

Of the charges for severance, termination benefits and other employee costs, long-lived asset impairments and lease/contract termination and other costs incurred during 2018, $18.9 million relate to SG&A expenses of the Calvin Klein North America segment and $19.6 million relate to SG&A expenses of the Calvin Klein International segment. The charges for inventory markdowns incurred during 2018 were recorded in cost of goods sold of the Company’s Calvin Klein International segment. The Company expects to incur total costs of $170.7 million through the end of 2019 in connection with the restructuring activities, of which approximately $80 million is estimated to relate to the Calvin Klein North America segment and approximately $90 million is estimated to relate to the Calvin Klein International segment. Please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments.

Schedule of Restructuring Accrued Liabilities Costs Incurred And Paid [Table Text Block]

The liabilities at February 3, 2019 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:



(In millions)	Liability at 2/4/18		Costs Incurred During 2018		Costs Paid During 2018		Liability at 2/3/19
Severance, termination benefits and other employee costs	$	—	$	27.3	$	1.5	$	25.8
Lease/contract termination and other costs	—		4.3		2.0		2.3
Total	$	—	$	31.6	$	3.5	$	28.1