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ACCUMULATED OTHER COMPREHENSIVE LOSS CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 31, 2022
May 01, 2022
Aug. 01, 2021
May 02, 2021
Jul. 31, 2022
Aug. 01, 2021
Net gain on net investment hedges, net of tax $ 28.6   $ 16.1   $ 78.8 $ 20.6
Change in accumulated other comprehensive loss            
Balance at beginning of year   $ (612.7)     (612.7)  
Other comprehensive (loss) income (57.9)   0.5   (113.7) 6.8
Balance at end of period (726.4)   (512.3)   (726.4) (512.3)
Foreign currency translation adjustments            
Net gain on net investment hedges, net of tax         78.8 20.6
Change in accumulated other comprehensive loss            
Balance at beginning of year   (665.9)   $ (481.6) (665.9) (481.6)
Other comprehensive (loss) income, before reclassifications, net of tax [1],[2]         (148.4) (44.8)
Less: Amounts reclassified from AOCL, net of tax (3.4)   0.0   (3.4) [3] 0.0
Other comprehensive (loss) income         (145.0) (44.8)
Balance at end of period (810.9)   (526.4)   (810.9) (526.4)
Net unrealized and realized gain (loss) on effective cash flow hedges            
Change in accumulated other comprehensive loss            
Balance at beginning of year   53.2   (37.5) 53.2 (37.5)
Other comprehensive (loss) income, before reclassifications, net of tax         33.9 58.5
Less: Amounts reclassified from AOCL, net of tax 3.8   5.5   2.6 6.9
Other comprehensive (loss) income         31.3 51.6
Balance at end of period 84.5   14.1   84.5 14.1
Total            
Net gain on net investment hedges, net of tax 28.6 50.2 16.1 4.5    
Change in accumulated other comprehensive loss            
Balance at beginning of year   $ (612.7)   $ (519.1) (612.7) (519.1)
Other comprehensive (loss) income, before reclassifications, net of tax         (114.5) 13.7
Less: Amounts reclassified from AOCL, net of tax         (0.8) 6.9
Other comprehensive (loss) income         (113.7) 6.8
Balance at end of period $ (726.4)   $ (512.3)   $ (726.4) $ (512.3)
[1] Foreign currency translation adjustments included a net gain on net investment hedges of $78.8 million and $20.6 million during the twenty-six weeks ended July 31, 2022 and August 1, 2021, respectively.
[2] Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.
[3] Foreign currency translation adjustment losses were reclassified from AOCL during the second quarter of 2022 in connection with the Karl Lagerfeld transaction. Please see Note 6, “Investments in Unconsolidated Affiliates,” for further discussion.