ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

May 04, 2025

Accumulated Other Comprehensive Income [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended May 4, 2025 and May 5, 2024:


(In millions)	Foreign currency translation adjustments			Net unrealized and realized gain (loss) on effective cash flow hedges		Total
Balance, February 2, 2025	$	(890.8)		$	34.0	$	(856.8)
Other comprehensive income (loss) before reclassifications	124.6		(1)(2)	(37.1)		87.5
Less: Amounts reclassified from AOCL	1.3			(0.2)		1.1
Other comprehensive income (loss)	123.3			(36.9)		86.4
Balance, May 4, 2025	$	(767.5)		$	(2.9)	$	(770.4)


(In millions)	Foreign currency translation adjustments			Net unrealized and realized gain on effective cash flow hedges		Total
Balance, February 4, 2024	$	(768.7)		$	15.1	$	(753.6)
Other comprehensive (loss) income before reclassifications	(10.7)		(1)	5.5		(5.2)
Less: Amounts reclassified from AOCL	1.3			4.1		5.4
Other comprehensive (loss) income	(12.0)			1.4		(10.6)
Balance, May 5, 2024	$	(780.7)		$	16.5	$	(764.2)

(1) Foreign currency translation adjustments included a net (loss) gain on net investment hedges of $(109.0) million and $4.1 million during the thirteen weeks ended May 4, 2025 and May 5, 2024, respectively.

(2) Favorable foreign currency translation adjustments were principally driven by a weakening of the United States dollar against the euro.

The following table presents reclassifications from AOCL to earnings for the thirteen weeks ended May 4, 2025 and May 5, 2024:


	Amount Reclassified from AOCL				Affected Line Item in the Company’s Consolidated Statements of Operations
	Thirteen Weeks Ended
(In millions)	5/4/25		5/5/24
Realized (loss) gain on effective cash flow hedges:
Foreign currency forward contracts (inventory purchases)	$	(0.3)	$	5.7		Cost of goods sold


Less: Tax effect	(0.1)		1.6			Income tax (benefit) expense
Total, net of tax	$	(0.2)	$	4.1

Foreign currency translation adjustments:
Cross-currency swap contracts (net investment hedges)	$	1.8	$	1.7		Interest expense
Less: Tax effect	0.5		0.4			Income tax (benefit) expense
Total, net of tax	$	1.3	$	1.3