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ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Jan. 31, 2021
Net gain (loss) on net investment hedges, net of tax $ (24.1) $ (83.8) $ 94.4
Change in accumulated other comprehensive loss      
Balance at beginning of year (612.7)    
Other comprehensive (loss) income (100.4) (93.6) 121.0
Balance at end of year (713.1) (612.7)  
Foreign currency translation adjustments      
Net gain (loss) on net investment hedges, net of tax 24.1 83.8 (94.4)
Change in accumulated other comprehensive loss      
Balance at beginning of year (665.9) (481.6) (665.7)
Other comprehensive (loss) income before reclassifications, net of tax [1] (47.6) [2] (184.3) [2] 184.1 [3]
Less: Amounts reclassified from AOCL, net of tax (3.4) [4] 0.0 0.0
Other comprehensive (loss) income (44.2) (184.3) 184.1
Balance at end of year (710.1) (665.9) (481.6)
Net unrealized and realized gain (loss) on effective cash flow hedges      
Change in accumulated other comprehensive loss      
Balance at beginning of year 53.2 (37.5) 25.6
Other comprehensive (loss) income before reclassifications, net of tax (36.0) 88.1 (60.4)
Less: Amounts reclassified from AOCL, net of tax 20.2 (2.6) 2.7
Other comprehensive (loss) income (56.2) 90.7 (63.1)
Balance at end of year (3.0) 53.2 (37.5)
Total      
Net gain (loss) on net investment hedges, net of tax (24.1) (83.8) 94.4
Change in accumulated other comprehensive loss      
Balance at beginning of year (612.7) (519.1) (640.1)
Other comprehensive (loss) income before reclassifications, net of tax (83.6) (96.2) 123.7
Less: Amounts reclassified from AOCL, net of tax 16.8 (2.6) 2.7
Other comprehensive (loss) income (100.4) (93.6) 121.0
Balance at end of year $ (713.1) $ (612.7) $ (519.1)
[1] Foreign currency translation adjustments included a net gain (loss) on net investment hedges of $24.1 million, $83.8 million and $(94.4) million in 2022, 2021 and 2020, respectively.
[2] Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro
[3] Favorable foreign currency translation adjustments were principally driven by a weakening of the United States dollar against the euro.
[4] Foreign currency translation adjustment losses were reclassified from AOCL during the second quarter of 2022 in connection with the Karl Lagerfeld transaction. Please see Note 5, “Investments in Unconsolidated Affiliates,” for further discussion.