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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2025
Feb. 04, 2024
Jan. 29, 2023
OPERATING ACTIVITIES      
Net income $ 598.5 $ 663.6 $ 200.4
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 282.2 298.6 301.5
Equity in net income of unconsolidated affiliates (48.2) (45.7) (50.4)
Deferred taxes [1] (25.6) (14.4) 9.8
Stock-based compensation expense 54.0 51.9 46.6
Impairment of goodwill and other intangible assets 0.0 0.0 417.1
Impairment of other long-lived assets 10.2 5.7 51.7
Actuarial loss (gain) on retirement and benefit plans 28.2 (45.5) (78.4)
Other gain (19.5) (15.3) 0.0
Changes in operating assets and liabilities:      
Trade receivables, net (82.8) 118.9 (188.5)
Other receivables (10.0) 7.2 (1.3)
Inventories, net (133.8) 307.6 (466.9)
Accounts payable, accrued expenses and deferred revenue 95.3 (318.8) (62.6)
Prepaid expenses 23.0 (30.1) (41.9)
Other, net (30.6) (14.3) (97.9)
Net cash provided by operating activities [2] 740.9 969.4 39.2
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (158.7) (244.7) (290.1)
Proceeds from sale of Warner’s, Olga and True&Co. women’s intimates businesses 7.5 160.0 0.0
Proceeds from sale of Karl Lagerfeld investment 0.0 1.4 19.1
Purchases of investments held in rabbi trust (5.5) (4.7) (8.6)
Proceeds from investments held in rabbi trust 2.5 2.9 1.4
Proceeds from cross-currency swap contracts (net investment hedges) 7.0 0.0 0.0
Proceeds from sale of warehouse and distribution center 9.5 0.0 0.0
Net cash used by investing activities [3] (137.7) (85.1) (278.2)
FINANCING ACTIVITIES      
Net (payments on) proceeds from short-term borrowings 0.0 (43.5) 36.6
Proceeds from 2022 facilities, net of related fees 0.0 0.0 456.4
Repayment of 7 3/4% senior notes 0.0 (100.0) 0.0
Repayments of 2022 facilities (11.8) (11.9) 0.0
Repayments of 2019 facilities 0.0 0.0 (487.8)
Proceeds from 4 1/8% senior notes, net of related fees 553.1 0.0 0.0
Redemption of 3 5/8% senior notes (561.7) 0.0 0.0
Net proceeds from settlement of awards under stock plans 7.3 17.9 0.0
Cash dividends (8.6) (9.4) (10.1)
Acquisition of treasury shares (524.8) (570.3) (418.6)
Payments of finance lease liabilities (3.9) (4.6) (4.7)
Net cash used by financing activities [2],[3] (550.4) (721.8) (428.2)
Effect of exchange rate changes on cash and cash equivalents (12.4) (5.6) (24.6)
Increase (decrease) in cash and cash equivalents 40.4 156.9 (691.8)
Cash and cash equivalents at beginning of year 707.6 550.7 1,242.5
Cash and cash equivalents at end of year $ 748.0 $ 707.6 $ 550.7
[1] Please see Note 8 for information on deferred taxes.
[2] Please see Note 15 for lease related cash flow information.
[3] Please see Note 18 for information on noncash investing and financing transactions.