ACQUISITIONS (Tables)

6 Months Ended

Aug. 04, 2019

Business Combinations [Abstract]

Acquisition Consideration [Table Text Block]

The acquisition date fair value of the business acquired was $324.6 million, consisting of:

(In millions)
Cash consideration	$	124.7
Fair value of the Company’s investment in PVH Australia	131.4
Fair value of the Company’s investment in Gazal	40.1
Fair value of mandatorily redeemable non-controlling interest	26.2
Elimination of pre-acquisition receivable owed to the Company	2.2
Total acquisition date fair value of the business acquired	$	324.6

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:

(In millions)
Cash and cash equivalents	$	6.6
Trade receivables	15.1
Inventories	88.2
Prepaid expenses	1.3
Other current assets	3.5
Assets held for sale	58.8
Property, plant and equipment	18.4
Goodwill	68.6
Intangible assets	222.2
Operating lease right-of-use assets	53.2
Total assets acquired	535.9
Accounts payable	14.4
Accrued expenses	23.5
Short-term borrowings	50.5
Current portion of operating lease liabilities	10.4
Long-term portion of operating lease liabilities	41.2
Deferred tax liability	69.6
Other liabilities	1.7
Total liabilities assumed	211.3
Total acquisition date fair value of the business acquired	$	324.6