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ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2025
Feb. 04, 2024
Jan. 29, 2023
Net gain on net investment hedges, net of tax $ (50.5) $ (10.3) $ (24.1)
Change in accumulated other comprehensive loss      
Balance at beginning of year (753.6)    
Other comprehensive (loss) income (103.2) (40.5) (100.4)
Balance at end of year (856.8) (753.6)  
Foreign currency translation adjustments      
Net gain on net investment hedges, net of tax 55.8 12.7 24.1
Change in accumulated other comprehensive loss      
Balance at beginning of year (768.7) (710.1) (665.9)
Other comprehensive (loss) income before reclassifications, net of tax [1] (116.8) [2] (56.2) [3] (47.6) [4]
Less: Amounts reclassified from AOCL, net of tax 5.3 2.4 (3.4) [5]
Other comprehensive (loss) income (122.1) (58.6) (44.2)
Balance at end of year (890.8) (768.7) (710.1)
Net unrealized and realized (loss) gain on effective cash flow hedges      
Change in accumulated other comprehensive loss      
Balance at beginning of year 15.1 (3.0) 53.2
Other comprehensive (loss) income before reclassifications, net of tax 36.4 25.8 (36.0)
Less: Amounts reclassified from AOCL, net of tax 17.5 7.7 20.2
Other comprehensive (loss) income 18.9 18.1 (56.2)
Balance at end of year 34.0 15.1 (3.0)
Total      
Net gain on net investment hedges, net of tax (50.5) (10.3) (24.1)
Change in accumulated other comprehensive loss      
Balance at beginning of year (753.6) (713.1) (612.7)
Other comprehensive (loss) income before reclassifications, net of tax (80.4) (30.4) (83.6)
Less: Amounts reclassified from AOCL, net of tax 22.8 10.1 16.8
Other comprehensive (loss) income (103.2) (40.5) (100.4)
Balance at end of year $ (856.8) $ (753.6) $ (713.1)
[1] Foreign currency translation adjustments included a net gain on net investment hedges of $55.8 million, $12.7 million and $24.1 million in 2024, 2023 and 2022, respectively.
[2] Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro, certain currencies in the Asia-Pacific region (primarily the Australian dollar and the Korean won), the Mexican peso and the Brazilian real.
[3] Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against certain currencies in the Asia-Pacific region (primarily the Chinese yuan and the Australian dollar) and the euro.
[4] Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.
[5] Foreign currency translation adjustment losses were reclassified from AOCL during 2022 in connection with the Karl Lagerfeld transaction. Please see Note 5, “Investments in Unconsolidated Affiliates,” for further discussion.