XML 64 R52.htm IDEA: XBRL DOCUMENT v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS (Details)
€ in Millions, $ in Millions
3 Months Ended
May 03, 2026
USD ($)
May 04, 2025
USD ($)
May 03, 2026
EUR (€)
Feb. 01, 2026
USD ($)
Jul. 10, 2025
USD ($)
Jul. 10, 2025
EUR (€)
Apr. 15, 2024
EUR (€)
Derivative [Line Items]              
Cost of goods sold $ 838.9 $ 821.9          
Selling, general and administrative expenses 1,074.4 1,023.9          
Interest expense $ 22.7 22.4          
Percentage of long-term debt at fixed interest rates 80.00%   80.00%        
Repayment of senior unsecured credit facilities $ 3.2 3.0          
Balance Sheet Location [Axis]: us-gaap:AccruedLiabilitiesCurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 12.9 53.5   $ 31.1      
Balance Sheet Location [Axis]: us-gaap:OtherAssetsCurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 12.4 2.2   9.1      
Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.1 0.2   0.1      
Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 34.9 1.2   44.6      
Foreign Currency Forward Exchange Contracts [Member]              
Derivative [Line Items]              
Derivative, Notional Amount 1,264.2            
Contracts designated as hedging instrument [Member] | Derivative Contract              
Derivative [Line Items]              
Other Comprehensive Income (Loss), Designated Hedges, Gain (Loss) before Reclassification and Tax 34.3 (195.3)          
(Loss) Gain Reclassified from AOCL into Income, before tax (11.2) 1.5          
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense              
Derivative [Line Items]              
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss) Recognized in Expense, Net [1] 1.9 (20.0)          
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Balance Sheet Location [Axis]: us-gaap:AccruedLiabilitiesCurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 3.2 13.2   9.1      
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsCurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.2 0.2   0.2      
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.0 0.0   0.0      
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 0.0 0.0   0.0      
Cash Flow Hedging [Member] | Contracts designated as hedging instrument [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member]              
Derivative [Line Items]              
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax 10.2 (50.1)          
Cash Flow Hedging [Member] | Contracts designated as hedging instrument [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold              
Derivative [Line Items]              
(Loss) Gain Reclassified from AOCL into Income, before tax $ (13.3) (0.3)          
Derivative Instruments, Net Loss Reclassification from AOCL to income, Estimate of Time to Transfer 12 months            
Derivative Instruments, Net Loss Reclassification from AOCL to income, Estimated Net Amount to be Transferred $ 10.1            
Cash Flow Hedging [Member] | Contracts designated as hedging instrument [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Balance Sheet Location [Axis]: us-gaap:AccruedLiabilitiesCurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 9.7 22.9   22.0      
Cash Flow Hedging [Member] | Contracts designated as hedging instrument [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsCurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 6.7 2.0   1.5      
Cash Flow Hedging [Member] | Contracts designated as hedging instrument [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.1 0.2   0.1      
Cash Flow Hedging [Member] | Contracts designated as hedging instrument [Member] | Foreign Currency Forward Exchange Contracts (Inventory Purchases) [Member] | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 0.2 1.2   0.6      
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Euro Denominated Senior Notes              
Derivative [Line Items]              
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax 14.6 (104.6)          
Long-term Debt, Fair Value 1,326.0 1,278.7   1,357.8      
Long-term Debt, Carrying Amount 1,313.3 1,263.8   1,327.3      
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap              
Derivative [Line Items]              
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax 9.5 (40.6)          
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap | Income Statement Location [Axis]: us-gaap:InterestExpense              
Derivative [Line Items]              
(Loss) Gain Reclassified from AOCL into Income, before tax 2.1 1.8          
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap | Balance Sheet Location [Axis]: us-gaap:AccruedLiabilitiesCurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 0.0 17.4   0.0      
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap | Balance Sheet Location [Axis]: us-gaap:OtherAssetsCurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 5.5 0.0   7.4      
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap | Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent              
Derivative [Line Items]              
Derivative Asset, Fair Value, Gross Asset 0.0 0.0   0.0      
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap | Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent              
Derivative [Line Items]              
Derivative Liability, Fair Value, Gross Liability 34.7 0.0   44.0      
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap Due July 2027              
Derivative [Line Items]              
Derivative, Notional Amount $ 300.0            
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap Due July 2027 | Pay Fixed Interest Rate              
Derivative [Line Items]              
Derivative, Fixed Interest Rate 0.00%   0.00%        
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap Due July 2028              
Derivative [Line Items]              
Derivative, Notional Amount $ 200.0            
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap Due July 2028 | Pay Fixed Interest Rate              
Derivative [Line Items]              
Derivative, Fixed Interest Rate 0.00%   0.00%        
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap due July 2025              
Derivative [Line Items]              
Derivative, Notional Amount | €           € 457.2  
Net Investment Hedging [Member] | Contracts designated as hedging instrument [Member] | Currency Swap due July 2025 | Pay Fixed Interest Rate              
Derivative [Line Items]              
Derivative, Fixed Interest Rate         0.00% 0.00%  
Senior notes due 2024 [Member]              
Derivative [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage 3.625%   3.625%        
Senior notes due 2025              
Derivative [Line Items]              
Debt instrument, face amount         $ 500.0    
Long-term Debt, Carrying Amount $ 0.0 499.7   0.0      
Debt Instrument, Interest Rate, Stated Percentage 4.625%   4.625%   4.625% 4.625%  
Senior notes due 2027 [Member]              
Derivative [Line Items]              
Debt instrument, face amount | €     € 600.0        
Long-term Debt, Carrying Amount [2] $ 701.6 675.3   709.1      
Debt Instrument, Interest Rate, Stated Percentage 3.125%   3.125%        
Senior Notes Due 2029              
Derivative [Line Items]              
Debt instrument, face amount | €     € 525.0       € 525.0
Long-term Debt, Carrying Amount [2] $ 611.7 $ 588.5   $ 618.2      
Debt Instrument, Interest Rate, Stated Percentage 4.125%   4.125%        
[1] Any gains and losses that are immediately recognized in earnings on such contracts are largely offset by the remeasurement of the underlying balances.
[2] The carrying amount of the euro-denominated Term Loan A facility and the senior unsecured euro notes includes the impact of changes in the exchange rate of the United States dollar against the euro.