v3.24.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Oct. 27, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Forward Currency Contracts, Statement of Financial Position
The notional amounts and fair values of forward currency contracts were as follows:
October 27, 2024January 28, 2024
Gross NotionalAssetsLiabilitiesGross NotionalAssetsLiabilities
(In thousands)
Derivatives designated as net investment hedges:
Forward currency contracts$1,632,500 $33,952 $— $1,242,000 $— $258 
Derivatives not designated in a hedging relationship:
Forward currency contracts1,888,854 2,124 33,768 1,543,351 647 2,614 
Net derivatives recognized on consolidated balance sheets:
Forward currency contracts$36,076 $33,768 $647 $2,872 
Schedule of Pre-tax Gains (Losses) on Derivatives in Accumulated Other Comprehensive Income (Loss)
The pre-tax gains and losses on foreign currency exchange forward contracts recorded in accumulated other comprehensive income or loss were as follows:
Third QuarterFirst Three Quarters
2024202320242023
(In thousands)
Gains (losses) recognized in net investment hedge gains (losses):
Derivatives designated as net investment hedges$16,538 $27,898 $49,250 $28,859 
Schedule of Pre-Tax Net Foreign Exchange and Derivative Gains and Losses
The pre-tax net foreign currency exchange and derivative gains and losses recorded in the consolidated statement of operations were as follows:
Third QuarterFirst Three Quarters
2024202320242023
(In thousands)
Gains (losses) recognized in selling, general and administrative expenses:
Foreign currency exchange gains (losses)$13,423 $18,154 $44,194 $(11,944)
Derivatives not designated in a hedging relationship(20,260)(17,962)(49,298)15,060 
Net foreign currency exchange and derivative gains (losses)$(6,837)$192 $(5,104)$3,116