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Condensed consolidating financial information (Tables)
 12 Months Ended
Feb. 01, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Income Statement
Condensed Consolidating Statement of Operations
For the 52 week period ended week period ended February 1, 2020
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
5,656.3

 
$
480.8

 
$
—

 
$
6,137.1

Cost of sales
—

 
—

 
(3,589.1
)
 
(315.1
)
 
—

 
(3,904.2
)
Restructuring charges - cost of sales
—

 
—

 
(6.0
)
 
(3.2
)
 
—

 
(9.2
)
Gross margin
—

 
—

 
2,061.2

 
162.5

 
—

 
2,223.7

Selling, general and administrative expenses
(0.9
)
 
—

 
(1,872.2
)
 
(45.1
)
 
—

 
(1,918.2
)
Restructuring charges
—

 
—

 
(62.9
)
 
(7.0
)
 
—

 
(69.9
)
Goodwill and intangible impairments
—

 
—

 
(35.2
)
 
(12.5
)
 
—

 
(47.7
)
Other operating income (loss)
—

 
—

 
(29.3
)
 
(0.3
)
 
—

 
(29.6
)
Operating income (loss)
(0.9
)
 
—

 
61.6

 
97.6

 
—

 
158.3

Intra-entity interest income (expense)
(2.2
)
 
14.9

 
(176.8
)
 
164.1

 
—

 
—

Interest expense, net
—

 
(15.5
)
 
(20.3
)
 
0.2

 
—

 
(35.6
)
Other non-operating income, net
—

 
8.1

 
(1.1
)
 
—

 
—

 
7.0

Income (loss) before income taxes
(3.1
)
 
7.5

 
(136.6
)
 
261.9

 
—

 
129.7

Income taxes
—

 
(1.4
)
 
(20.0
)
 
(2.8
)
 
—

 
(24.2
)
Equity in income of subsidiaries
108.6

 
—

 
(164.1
)
 
(140.8
)
 
196.3

 
—

Net income (loss)
105.5

 
6.1

 
(320.7
)
 
118.3

 
196.3

 
105.5

Dividends on redeemable convertible preferred shares
(32.9
)
 
—

 
—

 
—

 
—

 
(32.9
)
Net income (loss) attributable to common shareholders
$
72.6

 
$
6.1

 
$
(320.7
)
 
$
118.3

 
$
196.3

 
$
72.6

Condensed Consolidating Statement of Operations
For the 52 week period ended week period ended February 2, 2019
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
5,722.8

 
$
524.3

 
$
—

 
$
6,247.1

Cost of sales
—

 
—

 
(3,755.5
)
 
(268.6
)
 
—

 
(4,024.1
)
Restructuring charges - cost of sales
—

 
—

 
(56.5
)
 
(5.7
)
 
—

 
(62.2
)
Gross margin
—

 
—

 
1,910.8

 
250.0

 
—

 
2,160.8

Selling, general and administrative expenses
(1.0
)
 
—

 
(1,833.4
)
 
(150.7
)
 
—

 
(1,985.1
)
Credit transaction, net
—

 
—

 
(167.4
)
 
—

 
—

 
(167.4
)
Restructuring charges
—

 
—

 
(55.3
)
 
(8.4
)
 
—

 
(63.7
)
Goodwill and intangible impairments
—

 
—

 
(470.4
)
 
(265.0
)
 
—

 
(735.4
)
Other operating income (loss)
(0.1
)
 
—

 
22.5

 
3.8

 
—

 
26.2

Operating income (loss)
(1.1
)
 
—

 
(593.2
)
 
(170.3
)
 
—

 
(764.6
)
Intra-entity interest income (expense)
(4.6
)
 
18.9

 
(243.4
)
 
229.1

 
—

 
—

Interest expense, net
—

 
(14.9
)
 
(25.0
)
 
0.2

 
—

 
(39.7
)
Other non-operating income, net
—

 
—

 
1.7

 
—

 
—

 
1.7

Income (loss) before income taxes
(5.7
)
 
4.0

 
(859.9
)
 
59.0

 
—

 
(802.6
)
Income taxes
—

 
(0.8
)
 
133.0

 
13.0

 
—

 
145.2

Equity in income of subsidiaries
(651.7
)
 
—

 
(1,043.1
)
 
(770.4
)
 
2,465.2

 
—

Net income (loss)
(657.4
)
 
3.2

 
(1,770.0
)
 
(698.4
)
 
2,465.2

 
(657.4
)
Dividends on redeemable convertible preferred shares
(32.9
)
 
—

 
—

 
—

 
—

 
(32.9
)
Net income (loss) attributable to common shareholders
$
(690.3
)
 
$
3.2

 
$
(1,770.0
)
 
$
(698.4
)
 
$
2,465.2

 
$
(690.3
)

Condensed Consolidating Statement of Operations
For the 53 week period ended week period ended February 3, 2018
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Sales
$
—

 
$
—

 
$
5,866.6

 
$
386.4

 
$
—

 
$
6,253.0

Cost of sales
—

 
—

 
(3,926.6
)
 
(136.4
)
 
—

 
(4,063.0
)
Gross margin
—

 
—

 
1,940.0

 
250.0

 
—

 
2,190.0

Selling, general and administrative expenses
(1.9
)
 
—

 
(1,738.2
)
 
(132.1
)
 
—

 
(1,872.2
)
Credit transaction, net
—

 
—

 
1.3

 
—

 
—

 
1.3

Other operating income (loss)
0.1

 
—

 
260.3

 
0.4

 
—

 
260.8

Operating income (loss)
(1.8
)
 
—

 
463.4

 
118.3

 
—

 
579.9

Intra-entity interest income (expense)
—

 
18.8

 
(190.2
)
 
171.4

 
—

 
—

Interest expense, net
—

 
(19.9
)
 
(21.6
)
 
(11.2
)
 
—

 
(52.7
)
Income (loss) before income taxes
(1.8
)
 
(1.1
)
 
251.6

 
278.5

 
—

 
527.2

Income taxes
—

 
0.2

 
(21.3
)
 
13.2

 
—

 
(7.9
)
Equity in income of subsidiaries
521.1

 
—

 
229.6

 
233.1

 
(983.8
)
 
—

Net income (loss)
519.3

 
(0.9
)
 
459.9

 
524.8

 
(983.8
)
 
519.3

Dividends on redeemable convertible preferred shares
(32.9
)
 
—

 
—

 
—

 
—

 
(32.9
)
Net income (loss) attributable to common shareholders
$
486.4

 
$
(0.9
)
 
$
459.9

 
$
524.8

 
$
(983.8
)
 
$
486.4
Condensed Statement of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income
For the 52 week period ended week period ended February 1, 2020
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net income (loss)
$
105.5

 
$
6.1

 
$
(320.7
)
 
$
118.3

 
$
196.3

 
$
105.5

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(1.7
)
 
—

 
(1.7
)
 
—

 
1.7

 
(1.7
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss)(1)
(0.2
)
 
—

 
—

 
(0.2
)
 
0.2

 
(0.2
)
Reclassification adjustment for (gains) losses to net income

1.0

 
—

 
—

 
1.0

 
(1.0
)
 
1.0

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss)
11.2

 
—

 
11.2

 
—

 
(11.2
)
 
11.2

Reclassification adjustment for losses to net income
(2.7
)
 
—

 
(2.7
)
 
—

 
2.7

 
(2.7
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gain (loss)
0.4

 
—

 
0.4

 
—

 
(0.4
)
 
0.4

Reclassification adjustment to net income for amortization of actuarial losses
1.0

 
—

 
1.0

 
—

 
(1.0
)
 
1.0

Total other comprehensive income (loss)
9.0

 
—

 
8.2

 
0.8

 
(9.0
)
 
9.0

Total comprehensive income (loss)
$
114.5

 
$
6.1

 
$
(312.5
)
 
$
119.1

 
$
187.3

 
$
114.5

(1) 
Amount represents unrealized losses related to the Company’s available-for-sale debt securities.

Condensed Consolidating Statement of Comprehensive Income
For the 52 week period ended week period ended February 2, 2019
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net income (loss)
$
(657.4
)
 
$
3.2

 
$
(1,770.0
)
 
$
(698.4
)
 
$
2,465.2

 
$
(657.4
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
(35.9
)
 
—

 
(35.4
)
 
(0.5
)
 
35.9

 
(35.9
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss)(1)
0.4

 
—

 
—

 
0.4

 
(0.4
)
 
0.4

Impacts from adoption of new accounting pronouncements(2)
(0.8
)
 
—

 
—

 
(0.8
)
 
0.8

 
(0.8
)
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss)
4.8

 
—

 
4.8

 
—

 
(4.8
)
 
4.8

Reclassification adjustment for losses to net income
(1.5
)
 
—

 
(1.5
)
 
—

 
1.5

 
(1.5
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gain (loss)
(3.4
)
 
—

 
(3.4
)
 
—

 
3.4

 
(3.4
)
Reclassification adjustment to net income for amortization of actuarial losses
0.7

 
—

 
0.7

 
—

 
(0.7
)
 
0.7

Prior service costs
(6.5
)
 
—

 
(6.5
)
 
—

 
6.5

 
(6.5
)
Total other comprehensive income (loss)
(42.2
)
 
—

 
(41.3
)
 
(0.9
)
 
42.2

 
(42.2
)
Total comprehensive income (loss)
$
(699.6
)
 
$
3.2

 
$
(1,811.3
)
 
$
(699.3
)
 
$
2,507.4

 
$
(699.6
)
(1) 
Amount represents unrealized losses related to the Company’s available-for-sale debt securities.
(2) 
Adjustment reflects the reclassification of unrealized gains related to the Company’s available-for-sale equity security investments as of February 3, 2018 from AOCI into retained earnings associated with the adoption of ASU 2016-01.
Condensed Consolidating Statement of Comprehensive Income
For the 53 week period ended week period ended February 3, 2018
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net income (loss)
$
519.3

 
$
(0.9
)
 
$
459.9

 
$
524.8

 
$
(983.8
)
 
$
519.3

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
50.9

 
—

 
50.2

 
0.7

 
(50.9
)
 
50.9

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss)(1)
0.3

 
—

 
—

 
0.3

 
(0.3
)
 
0.3

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss)
1.8

 
—

 
1.8

 
—

 
(1.8
)
 
1.8

Reclassification adjustment for losses to net income
(3.5
)
 
—

 
(3.5
)
 
—

 
3.5

 
(3.5
)
Pension plan:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment to net income for amortization of actuarial losses
2.2

 
—

 
2.2

 
—

 
(2.2
)
 
2.2

Prior service costs
(0.5
)
 
—

 
(0.5
)
 
—

 
0.5

 
(0.5
)
Reclassification adjustment to net income for amortization of net prior service credits
(1.1
)
 
—

 
(1.1
)
 
—

 
1.1

 
(1.1
)
Net curtailment gain and settlement loss
(3.0
)
 
—

 
(3.0
)
 
—

 
3.0

 
(3.0
)
Total other comprehensive income (loss)
47.1

 
—

 
46.1

 
1.0

 
(47.1
)
 
47.1

Total comprehensive income (loss)
$
566.4

 
$
(0.9
)
 
$
506.0

 
$
525.8

 
$
(1,030.9
)
 
$
566.4


(1) 
Amount represents unrealized gains related to the Company’s available-for-sale debt and equity securities.
Condensed Balance Sheet
Condensed Consolidating Balance Sheet
February 1, 2020
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.2

 
$
0.1

 
$
277.5

 
$
96.7

 
$
—

 
$
374.5

Accounts receivable
—

 
—

 
13.1

 
25.7

 
—

 
38.8

Intra-entity receivables, net
—

 
3.3

 
30.7

 
598.6

 
(632.6
)
 
—

Other current assets
—

 
—

 
318.1

 
85.4

 
—

 
403.5

Income taxes
—

 
—

 
6.3

 
—

 
—

 
6.3

Inventories, net
—

 
—

 
2,232.8

 
98.9

 
—

 
2,331.7

Total current assets
0.2

 
3.4

 
2,878.5

 
905.3

 
(632.6
)
 
3,154.8

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
—

 
—

 
733.1

 
8.8

 
—

 
741.9

Operating lease right-of-use assets
—

 
—

 
1,677.8

 
5.5

 
—

 
1,683.3

Goodwill
—

 
—

 
171.0

 
77.8

 
—

 
248.8

Intangible assets, net
—

 
—

 
243.6

 
20.2

 
—

 
263.8

Investment in subsidiaries
2,110.8

 
—

 
749.3

 
474.9

 
(3,335.0
)
 
—

Intra-entity receivables, net
—

 
161.0

 
—

 
1,248.0

 
(1,409.0
)
 
—

Other assets
—

 
—

 
179.4

 
22.4

 
—

 
201.8

Deferred tax assets
—

 
—

 
4.7

 
—

 
—

 
4.7

Total assets
$
2,111.0

 
$
164.4

 
$
6,637.4

 
$
2,762.9

 
$
(5,376.6
)
 
$
6,299.1

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$
—

 
$
—

 
$
95.6

 
$
—

 
$
—

 
$
95.6

Accounts payable
—

 
—

 
166.4

 
61.5

 
—

 
227.9

Intra-entity payables, net
243.4

 
—

 
389.2

 
—

 
(632.6
)
 
—

Accrued expenses and other current liabilities
28.0

 
1.0

 
648.1

 
19.9

 
—

 
697.0

Deferred revenue
—

 
—

 
250.8

 
15.4

 
—

 
266.2

Operating lease liabilities
—

 
—

 
336.4

 
1.8

 
—

 
338.2

Income taxes
—

 
1.4

 
24.5

 
1.8

 
—

 
27.7

Total current liabilities
271.4

 
2.4


1,911.0

 
100.4

 
(632.6
)
 
1,652.6

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
146.4

 
369.5

 
—

 
—

 
515.9

Operating lease liabilities
—

 
—

 
1,431.8

 
5.9

 
—

 
1,437.7

Intra-entity payables, net
—

 
—

 
1,409.0

 
—

 
(1,409.0
)
 
—

Other liabilities
—

 
—

 
113.6

 
3.0

 
—

 
116.6

Deferred revenue
—

 
—

 
731.5

 
—

 
—

 
731.5

Deferred tax liabilities
—

 
—

 
2.3

 
2.9

 
—

 
5.2

Total liabilities
271.4

 
148.8

 
5,968.7

 
112.2

 
(2,041.6
)
 
4,459.5

Series A redeemable convertible preferred shares
617.0

 
—

 
—

 
—

 
—

 
617.0

Total shareholders’ equity
1,222.6

 
15.6

 
668.7

 
2,650.7

 
(3,335.0
)
 
1,222.6

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
2,111.0

 
$
164.4

 
$
6,637.4

 
$
2,762.9

 
$
(5,376.6
)
 
$
6,299.1

Condensed Consolidating Balance Sheet
February 2, 2019
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.2

 
$
0.1

 
$
146.7

 
$
48.4

 
$
—

 
$
195.4

Accounts receivable
—

 
—

 
14.3

 
9.4

 
—

 
23.7

Intra-entity receivables, net
—

 
7.9

 
83.4

 
220.0

 
(311.3
)
 
—

Other receivables
—

 
—

 
46.5

 
26.0

 
—

 
72.5

Other current assets
—

 
—

 
169.4

 
2.1

 
—

 
171.5

Income taxes
—

 
—

 
5.1

 
0.7

 
—

 
5.8

Inventories, net
—

 
—

 
2,302.6

 
84.3

 
—

 
2,386.9

Total current assets
0.2

 
8.0

 
2,768.0

 
390.9

 
(311.3
)
 
2,855.8

Non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
—

 
—

 
789.6

 
10.9

 
—

 
800.5

Goodwill
—

 
—

 
206.3

 
90.3

 
—

 
296.6

Intangible assets, net
—

 
—

 
244.0

 
21.0

 
—

 
265.0

Investment in subsidiaries
2,155.7

 
—

 
(15.7
)
 
(305.5
)
 
(1,834.5
)
 
—

Intra-entity receivables, net
—

 
400.0

 
—

 
2,588.0

 
(2,988.0
)
 
—

Other assets
—

 
—

 
133.4

 
17.2

 
—

 
150.6

Deferred tax assets
—

 
—

 
24.5

 
(3.5
)
 
—

 
21.0

Retirement benefit asset
—

 
—

 
30.6

 
—

 
—

 
30.6

Total assets
$
2,155.9

 
$
408.0

 
$
4,180.7

 
$
2,809.3

 
$
(5,133.8
)
 
$
4,420.1

Liabilities and Shareholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Loans and overdrafts
$
—

 
$
(0.7
)
 
$
79.5

 
$
—

 
$
—

 
$
78.8

Accounts payable
—

 
—

 
119.7

 
34.0

 
—

 
153.7

Intra-entity payables, net
311.3

 
—

 
—

 
—

 
(311.3
)
 
—

Accrued expenses and other current liabilities
27.7

 
2.4

 
450.4

 
22.3

 
—

 
502.8

Deferred revenue
—

 
—

 
257.6

 
12.4

 
—

 
270.0

Income taxes
—

 
0.8

 
26.4

 
0.5

 
—

 
27.7

Total current liabilities
339.0

 
2.5

 
933.6

 
69.2

 
(311.3
)
 
1,033.0

Non-current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
396.0

 
253.6

 
—

 
—

 
649.6

Intra-entity payables, net
—

 
—

 
2,988.0

 
—

 
(2,988.0
)
 
—

Other liabilities
—

 
—

 
219.4

 
4.7

 
—

 
224.1

Deferred revenue
—

 
—

 
696.5

 
—

 
—

 
696.5

Deferred tax liabilities
—

 
—

 
—

 
—

 
—

 
—

Total liabilities
339.0

 
398.5

 
5,091.1

 
73.9

 
(3,299.3
)
 
2,603.2

Series A redeemable convertible preferred shares
615.3

 
—

 
—

 
—

 
—

 
615.3

Total shareholders’ equity
1,201.6

 
9.5

 
(910.4
)
 
2,735.4

 
(1,834.5
)
 
1,201.6

Total liabilities, redeemable convertible preferred shares and shareholders’ equity
$
2,155.9

 
$
408.0

 
$
4,180.7

 
$
2,809.3

 
$
(5,133.8
)
 
$
4,420.1
Condensed Cash Flow Statement
Condensed Consolidating Statement of Cash Flows
For the 52 week period ended week period ended February 1, 2020
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
571.7

 
$
(2.2
)
 
$
385.1

 
$
224.0

 
$
(622.9
)
 
$
555.7

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(136.3
)
 
—

 
—

 
(136.3
)
Proceeds from sale of assets
—

 
—

 
0.5

 
—

 
—

 
0.5

Investment in subsidiaries
—

 
—

 
—

 
50.0

 
(50.0
)
 
—

Purchase of available-for-sale securities
—

 
—

 
—

 
(13.3
)
 
—

 
(13.3
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
8.3

 
—

 
8.3

Net cash provided by (used in) investing activities
—

 
—

 
(135.8
)
 
45.0

 
(50.0
)
 
(140.8
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(77.4
)
 
—

 
—

 
—

 
—

 
(77.4
)
Dividends paid on redeemable convertible preferred shares
(31.2
)
 
—

 
—

 
—

 
—

 
(31.2
)
Intra-entity dividends paid
—

 
—

 
—

 
(622.9
)
 
622.9

 
—

Proceeds from term and bridge loans
—

 
—

 
100.0

 
—

 
—

 
100.0

Repayments of term and bridge loans
—

 
—

 
(294.9
)
 
—

 
—

 
(294.9
)
Settlement of Senior Notes, including third party fees
—

 
(241.5
)
 
—

 
—

 
—

 
(241.5
)
Proceeds from revolving credit facilities
—

 
—

 
858.3

 
—

 
—

 
858.3

Repayments of revolving credit facilities
—

 
—

 
(588.3
)
 
—

 
—

 
(588.3
)
Payment of debt issuance costs
—

 
—

 
(9.3
)
 
—

 
—

 
(9.3
)
Increase of bank overdrafts
—

 
—

 
47.5

 
—

 
—

 
47.5

Other financing activities
(0.2
)
 
—

 
—

 
—

 
—

 
(0.2
)
Intra-entity activity, net
(462.9
)
 
243.7

 
(233.3
)
 
402.5

 
50.0

 
—

Net cash provided by (used in) financing activities
(571.7
)
 
2.2

 
(120.0
)
 
(220.4
)
 
672.9

 
(237.0
)
Cash and cash equivalents at beginning of period
0.2

 
0.1

 
146.7

 
48.4

 
—

 
195.4

Increase (decrease) in cash and cash equivalents
—

 
—

 
129.3

 
48.6

 
—

 
177.9

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
1.5

 
(0.3
)
 
—

 
1.2

Cash and cash equivalents at end of period
$
0.2

 
$
0.1

 
$
277.5

 
$
96.7

 
$
—

 
$
374.5

Condensed Consolidating Statement of Cash Flows
For the 52 week period ended week period ended February 2, 2019
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
653.1

 
$
5.0

 
$
363.8

 
$
336.6

 
$
(660.8
)
 
$
697.7

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(128.9
)
 
(4.6
)
 
—

 
(133.5
)
Proceeds from sale of assets
—

 
—

 
—

 
5.5

 
—

 
5.5

Investment in subsidiaries
(80.0
)
 
—

 
—

 
—

 
80.0

 
—

Purchase of available-for-sale securities
—

 
—

 
—

 
(0.6
)
 
—

 
(0.6
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
9.6

 
—

 
9.6

Net cash provided by (used in) investing activities
(80.0
)
 
—

 
(128.9
)

9.9

 
80.0

 
(119.0
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(79.0
)
 
—

 
—

 
—

 
—

 
(79.0
)
Dividends paid on redeemable convertible preferred shares
(31.2
)
 
—

 
—

 
—

 
—

 
(31.2
)
Intra-entity dividends paid
—

 
—

 
—

 
(660.8
)
 
660.8

 
—

Repurchase of common shares
(485.0
)
 
—

 
—

 
—

 
—

 
(485.0
)
Proceeds from issuance of common shares
—

 
—

 
80.0

 
—

 
(80.0
)
 
—

Repayments of term and bridge loans
—

 
—

 
(31.3
)
 
—

 
—

 
(31.3
)
Proceeds from revolving credit facilities
—

 
—

 
787.0

 
—

 
—

 
787.0

Repayments of revolving credit facilities
—

 
—

 
(787.0
)
 
—

 
—

 
(787.0
)
Increase of bank overdrafts
—

 
—

 
25.9

 
—

 
—

 
25.9

Other financing activities
(2.1
)
 
—

 
—

 
—

 
—

 
(2.1
)
Intra-entity activity, net
22.7

 
(5.0
)
 
(307.9
)
 
290.2

 
—

 
—

Net cash provided by (used in) financing activities
(574.6
)
 
(5.0
)
 
(233.3
)
 
(370.6
)
 
580.8

 
(602.7
)
Cash and cash equivalents at beginning of period
1.7

 
0.1

 
150.5

 
72.8

 
—

 
225.1

Increase (decrease) in cash and cash equivalents
(1.5
)
 
—

 
1.6

 
(24.1
)
 
—

 
(24.0
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(5.4
)
 
(0.3
)
 
—

 
(5.7
)
Cash and cash equivalents at end of period
$
0.2

 
$
0.1

 
$
146.7

 
$
48.4

 
$
—

 
$
195.4

Condensed Consolidating Statement of Cash Flows
For the 53 week period ended week period ended February 3, 2018
(in millions)
Parent
 
Issuer
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
767.8

 
$
(0.1
)
 
$
1,856.7

 
$
586.0

 
$
(1,269.9
)
 
$
1,940.5

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
—

 
(236.3
)
 
(1.1
)
 
—

 
(237.4
)
Investment in subsidiaries
(219.9
)
 
—

 
(25.0
)
 
—

 
244.9

 
—

Purchase of available-for-sale securities
—

 
—

 
—

 
(2.4
)
 
—

 
(2.4
)
Proceeds from available-for-sale securities
—

 
—

 
—

 
2.2

 
—

 
2.2

Acquisition of R2Net, net of cash acquired
—

 
—

 
(331.8
)
 
—

 
—

 
(331.8
)
Net cash provided by (used in) investing activities
(219.9
)
 
—

 
(593.1
)
 
(1.3
)
 
244.9

 
(569.4
)
Financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid on common shares
(76.5
)
 
—

 
—

 
—

 
—

 
(76.5
)
Dividends paid on redeemable convertible preferred shares
(34.7
)
 
—

 
—

 
—

 
—

 
(34.7
)
Intra-entity dividends paid
—

 
—

 
(800.0
)
 
(469.9
)
 
1,269.9

 
—

Repurchase of common shares
(460.0
)
 
—

 
—

 
—

 
—

 
(460.0
)
Proceeds from issuance of common shares
0.3

 
—

 
219.9

 
25.0

 
(244.9
)
 
0.3

Net settlement of equity based awards
(2.9
)
 
—

 
—

 
—

 
—

 
(2.9
)
Proceeds from term and bridge loans
—

 
—

 
350.0

 
—

 
—

 
350.0

Repayments of term and bridge loans
—

 
—

 
(372.3
)
 
—

 
—

 
(372.3
)
Proceeds from securitization facility
—

 
—

 
—

 
1,745.9

 
—

 
1,745.9

Repayment of securitization facility
—

 
—

 
—

 
(2,345.9
)
 
—

 
(2,345.9
)
Proceeds from revolving credit facilities
—

 
—

 
814.0

 
—

 
—

 
814.0

Repayments of revolving credit facilities
—

 
—

 
(870.0
)
 
—

 
—

 
(870.0
)
Payment of debt issuance costs
—

 
—

 
(1.4
)
 
—

 
—

 
(1.4
)
Decrease of bank overdrafts
—

 
—

 
(0.1
)
 
—

 
—

 
(0.1
)
Intra-entity activity, net
25.9

 
0.1

 
(532.2
)
 
506.2

 
—

 
—

Net cash provided by (used in) financing activities
(547.9
)
 
0.1

 
(1,192.1
)
 
(538.7
)
 
1,025.0

 
(1,253.6
)
Cash and cash equivalents at beginning of period
1.7

 
0.1

 
70.3

 
26.6

 
—

 
98.7

Increase (decrease) in cash and cash equivalents
—

 
—

 
71.5

 
46.0

 
—

 
117.5

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
8.7

 
0.2

 
—

 
8.9

Cash and cash equivalents at end of period
$
1.7

 
$
0.1

 
$
150.5

 
$
72.8

 
$
—

 
$
225.1