DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jul. 31, 2022

Derivative Financial Instruments [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
	7/31/22				1/30/22				8/1/21				7/31/22				1/30/22				8/1/21
(In millions)	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	84.5	$	2.5	$	48.0	$	2.7	$	13.5	$	0.8	$	1.1	$	0.1	$	0.6	$	—	$	4.0	$	0.1
Interest rate swap agreements	—		—		—		—		—		—		—		—		—		—		2.0		0.7
Total contracts designated as cash flow hedges	84.5		2.5		48.0		2.7		13.5		0.8		1.1		0.1		0.6		—		6.0		0.8
Undesignated contracts:
Foreign currency forward exchange contracts	6.7		—		5.6		—		4.0		—		1.5		—		1.1		—		0.6		—


Total	$	91.2	$	2.5	$	53.6	$	2.7	$	17.5	$	0.8	$	2.6	$	0.1	$	1.7	$	—	$	6.6	$	0.8

Schedule of Derivative Instruments, Gain (Loss) 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)

Thirteen Weeks Ended	7/31/22		8/1/21
Foreign currency forward exchange contracts (inventory purchases)	$	12.5	$	54.6
Interest rate swap agreements	—		(0.1)
Foreign currency borrowings (net investment hedges)	38.2		21.3
Total	$	50.7	$	75.8

Twenty-Six Weeks Ended	7/31/22		8/1/21
Foreign currency forward exchange contracts (inventory purchases)	$	45.8	$	64.8
Interest rate swap agreements	—		0.1
Foreign currency borrowings (net investment hedges)	105.0		27.3
Total	$	150.8	$	92.2


	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
(In millions)	Amount Reclassified				Location	Total Statements of Operations Amount

Thirteen Weeks Ended	7/31/22		8/1/21			7/31/22		8/1/21
Foreign currency forward exchange contracts (inventory purchases)	$	5.2	$	5.8	Cost of goods sold	$	912.5	$	979.6
Interest rate swap agreements	—		(0.8)		Interest expense	21.8		27.3
Total	$	5.2	$	5.0

Twenty-Six Weeks Ended	7/31/22		8/1/21			7/31/22		8/1/21
Foreign currency forward exchange contracts (inventory purchases)	$	3.7	$	7.8	Cost of goods sold	$	1,796.5	$	1,829.8

Interest rate swap agreements	—		(1.9)		Interest expense	44.8		57.8
Total	$	3.7	$	5.9

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:


(In millions)	Gain (Loss) Recognized in Income (Expense)
Thirteen Weeks Ended	7/31/22		8/1/21

Foreign currency forward exchange contracts	$	12.5	$	1.4


Twenty-Six Weeks Ended	7/31/22		8/1/21
Foreign currency forward exchange contracts	$	26.6	$	(2.2)