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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Jan. 31, 2021
OPERATING ACTIVITIES      
Net income (loss) $ 200.4 $ 952.0 $ (1,137.5)
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 301.5 313.3 325.8
Equity in net (income) loss of unconsolidated affiliates (50.4) (23.7) 4.6
Deferred taxes [1] 9.8 (64.9) (144.7)
Stock-based compensation expense 46.6 46.8 50.5
Impairment of goodwill and other intangible assets 417.1 0.0 933.5
Impairment of other long-lived assets 51.7 47.0 81.9
Actuarial gain on retirement and benefit plans (78.4) (48.7) (64.5)
Other (gain) loss, net 0.0 (118.9) 3.1
Changes in operating assets and liabilities:      
Trade receivables, net (188.5) (138.1) 138.4
Other receivables (1.3) 4.1 1.2
Inventories, net (466.9) (33.9) 283.3
Accounts payable, accrued expenses and deferred revenue (62.6) 260.7 140.9
Prepaid expenses (41.9) (20.7) 7.9
Other, net (97.9) (103.8) 73.3
Net cash provided by operating activities [2] 39.2 1,071.2 697.7
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (290.1) (267.9) (226.6)
Investments in unconsolidated affiliates 0.0 0.0 (1.6)
Proceeds from sale of the Speedo North America business 0.0 0.0 169.1
Proceeds from sale of certain Heritage Brands trademarks and other assets 0.0 222.9 0.0
Proceeds from sale of Karl Lagerfeld investment 19.1 0.0 0.0
Purchases of investments held in rabbi trust (8.6) 0.0 0.0
Proceeds from investments held in rabbi trust 1.4 0.0 0.0
Net cash used by investing activities [3] (278.2) (45.0) (59.1)
FINANCING ACTIVITIES      
Net proceeds from (payments on) short-term borrowings 36.6 10.5 (53.6)
Proceeds from 4 5/8% senior notes, net of related fees 0.0 0.0 493.8
Proceeds from 3 5/8% senior notes, net of related fees 0.0 0.0 185.9
Proceeds from 2022 facilities, net of related fees 456.4 0.0 0.0
Repayments of 2019 facilities (487.8) (1,051.3) (14.4)
Net proceeds from settlement of awards under stock plans 0.0 26.7 3.9
Cash dividends (10.1) (2.7) (2.7)
Acquisition of treasury shares (418.6) (361.3) (117.3)
Payments of finance lease liabilities (4.7) (5.2) (5.5)
Payment of mandatorily redeemable noncontrolling interest liability attributable to initial fair value 0.0 (15.2) (12.7)
Net cash (used) provided by financing activities [2],[3] (428.2) (1,398.5) 477.4
Effect of exchange rate changes on cash and cash equivalents (24.6) (36.6) 32.0
(Decrease) increase in cash and cash equivalents (691.8) (408.9) 1,148.0
Cash and cash equivalents at beginning of year 1,242.5 1,651.4 503.4
Cash and cash equivalents at end of year $ 550.7 $ 1,242.5 $ 1,651.4
[1] Please see Note 9 for information on deferred taxes.
[2] Please see Note 16 for lease related cash flow information.
[3] Please see Note 19 for information on noncash investing and financing transactions.