DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Feb. 04, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value and presentation of the Company’s derivative financial instruments in its Consolidated Balance Sheets:


	Assets								Liabilities
	2023				2022				2023				2022
(In millions)	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow and net investment hedges:
Foreign currency forward contracts (inventory purchases)	$	13.2	$	0.5	$	15.7	$	0.1	$	2.4	$	0.4	$	20.7	$	2.2


Cross-currency swap contracts (net investment hedges)	6.4		—		—		—		—		1.3		—		—
Undesignated contracts:
Foreign currency forward contracts	1.9		—		—		—		1.1		—		12.5		—


Total	$	21.5	$	0.5	$	15.7	$	0.1	$	3.5	$	1.7	$	33.2	$	2.2

Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]

The following tables summarize the effect of the Company’s hedges designated as cash flow and net investment hedging instruments:


	Gain (Loss) Recognized in Other Comprehensive (Loss) Income




(In millions)	2023		2022		2021
Foreign currency forward contracts (inventory purchases)	$	35.6	$	(48.3)	$	109.2

Interest rate swap agreements	—		—		0.2
Foreign currency borrowings (net investment hedges)	8.6		30.4		111.3
Cross-currency swap contracts (net investment hedges)	8.3		—		—
Total	$	52.5	$	(17.9)	$	220.7


	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense), Consolidated Statements of Operations Location, and Total Amount of Consolidated Statements of Operations Line Item
	Amount Reclassified						Location	Total Statements of Operations Amount

(In millions)	2023		2022		2021			2023		2022		2021
Foreign currency forward contracts (inventory purchases)	$	11.1	$	27.6	$	(1.8)	Cost of goods sold	$	3,854.5	$	3,901.3	$	3,830.6
Interest rate swap agreements	—		—		(1.5)		SG&A expenses (1)	4,542.6		4,377.4		4,453.9
Interest rate swap agreements	—		—		(3.0)		Interest expense	99.3		89.6		108.6
Cross-currency swap contracts (net investment hedges)	3.2		—		—		Interest expense	99.3		89.6		108.6
Total	$	14.3	$	27.6	$	(6.3)

(1) The Company dedesignated certain cash flow hedges related to its interest rate swap agreements during 2021 in connection with the repayment of the outstanding principal balance under its USD TLA facility, as the underlying interest payments were no longer probable to occur.

Derivatives Not Designated as Hedging Instruments [Table Text Block]

The following table summarizes the effect of the Company’s undesignated contracts recognized in SG&A expenses in its Consolidated Statements of Operations:


	Gain Recognized in SG&A Expenses
(In millions)	2023		2022		2021
Foreign currency forward contracts (1)	$	2.9	$	11.4	$	14.7