v3.22.2.2
DEBT (Tables)
 6 Months Ended
Jul. 31, 2022
Schedule of Interest Rate Swap Agreements [Line Items]  
Schedule of Interest Rate Swap Agreements [Table Text Block]
The Company entered into interest rate swap agreements designed with the intended effect of converting notional amounts of its variable rate debt obligation to fixed rate debt. Under the terms of the agreements, for any outstanding notional amount, the Company’s exposure to fluctuations in the one-month London interbank offered rate (“LIBOR”) is eliminated and the Company pays a fixed rate plus the current applicable margin. The following interest rate swap agreements were entered into or in effect during the twenty-six weeks ended August 1, 2021 (no interest rate swap agreements were entered into or in effect during the twenty-six weeks ended July 31, 2022):

(In millions)
Designation DateCommencement DateInitial Notional Amount Notional Amount Outstanding as of July 31, 2022Fixed RateExpiration Date
March 2020February 2021$50.0 $— (1)0.562%February 2023
February 2020February 202150.0 — (1)1.1625%February 2023
February 2020February 202050.0 — (1)1.2575%February 2023
August 2019February 202050.0 — (1)1.1975%February 2022
June 2019February 202050.0 — (1)1.409%February 2022
June 2019June 201950.0 — 1.719%July 2021
January 2019February 202050.0 — 2.4187%February 2021
November 2018February 2019139.2 — 2.8645%February 2021
October 2018February 2019115.7 — 2.9975%February 2021
June 2018August 201850.0 — 2.6825%February 2021
(1) The Company terminated in 2021 the interest rate swap agreements due to expire in February 2022 and February 2023 in connection with the early repayment of the outstanding principal balance under its USD TLA facility.
Schedule of Long-term Debt Instruments [Table Text Block]
Long-Term Debt

The carrying amounts of the Company’s long-term debt were as follows:
(In millions)7/31/221/30/228/1/21
Senior unsecured Term Loan A facilities due 2024 (1)(2)
$457.8 $513.5 $891.2 
7 3/4% debentures due 202399.9 99.8 99.8 
3 5/8% senior unsecured euro notes due 2024 (2)
532.5 580.8 619.2 
4 5/8% senior unsecured notes due 2025496.4 495.7 495.1 
3 1/8% senior unsecured euro notes due 2027 (2)
607.1 662.6 706.9 
Total    2,193.7 2,352.4 2,812.2 
Less: Current portion of long-term debt    38.2 34.8 29.7 
Long-term debt    $2,155.5 $2,317.6 $2,782.5 

(1) The outstanding principal balance for the United States dollar-denominated Term Loan A facility and the euro-denominated Term Loan A facility was zero and €450.0 million, respectively, as of July 31, 2022.

(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.
Schedule of Mandatory Long-Term Debt Repayments [Table]
The Company’s mandatory long-term debt repayments for the remainder of 2022 through 2027 were as follows as of July 31, 2022:
(In millions)
Fiscal Year
Amount (1)
Remainder of 2022$19.1 
2023138.2 
2024936.9 
2025500.0 
2026— 
2027611.9 

(1) A portion of the Company’s mandatory long-term debt repayments is denominated in euros and subject to changes in the exchange rate of the United States dollar against the euro.

Total debt repayments for the remainder of 2022 through 2027 exceed the total carrying amount of the Company’s debt as of July 31, 2022 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discounts.