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ACCUMULATED OTHER COMPREHENSIVE LOSS CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 29, 2023
Jul. 30, 2023
Apr. 30, 2023
Oct. 30, 2022
Jul. 31, 2022
May 01, 2022
Oct. 29, 2023
Oct. 30, 2022
Net gain on net investment hedges, net of tax $ 48.3     $ 20.8     $ 35.6 $ 99.6
Change in accumulated other comprehensive loss                
Balance at beginning of year     $ (713.1)       (713.1)  
Other comprehensive (loss) income (81.6)     (102.9)     (91.6) (216.6)
Balance at end of period (804.7)     (829.3)     (804.7) (829.3)
Foreign currency translation adjustments                
Net gain on net investment hedges, net of tax             36.7 99.6
Change in accumulated other comprehensive loss                
Balance at beginning of year     (710.1)     $ (665.9) (710.1) (665.9)
Other comprehensive (loss) income, before reclassifications, net of tax [1]             (113.5) [2] (261.7) [3]
Less: Amounts reclassified from AOCL, net of tax 1.1     0.0     1.1 (3.4) [4]
Other comprehensive (loss) income             (114.6) (258.3)
Balance at end of period (824.7)     (924.2)     (824.7) (924.2)
Realized (loss) gain on effective cash flow hedges                
Change in accumulated other comprehensive loss                
Balance at beginning of year     (3.0)     53.2 (3.0) 53.2
Other comprehensive (loss) income, before reclassifications, net of tax             34.8 51.5
Less: Amounts reclassified from AOCL, net of tax 4.6     7.2     11.8 9.8
Other comprehensive (loss) income             23.0 41.7
Balance at end of period 20.0     94.9     20.0 94.9
Total                
Net gain on net investment hedges, net of tax 48.3 $ (2.9) (9.8) 20.8 $ 28.6 50.2    
Change in accumulated other comprehensive loss                
Balance at beginning of year     $ (713.1)     $ (612.7) (713.1) (612.7)
Other comprehensive (loss) income, before reclassifications, net of tax             (78.7) (210.2)
Less: Amounts reclassified from AOCL, net of tax             12.9 6.4
Other comprehensive (loss) income             (91.6) (216.6)
Balance at end of period $ (804.7)     $ (829.3)     $ (804.7) $ (829.3)
[1] Foreign currency translation adjustments included a net gain on net investment hedges of $36.7 million and $99.6 million during the thirty-nine weeks ended October 29, 2023 and October 30, 2022, respectively.
[2] Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro and a strengthening of the United States dollar against certain currencies in the Asia-Pacific region (primarily the strengthening of the United States dollar against both the Chinese yuan renminbi and the Australian dollar).
[3] Unfavorable foreign currency translation adjustments were principally driven by a strengthening 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.