v3.25.2
ASSETS HELD FOR SALE
6 Months Ended
Aug. 03, 2025
Assets Held For Sale [Abstract]  
Assets Held For Sale ASSETS HELD FOR SALE
In line with the fifth growth driver of the PVH+ Plan, the Company has committed to a plan to close its owned warehouse and distribution center located in Jonesville, NC. The building and related assets had a carrying value of $16.7 million as of August 3, 2025. The Company intends to sell the building and related assets towards the end of 2025 or during the first quarter of 2026.
The Company concluded the criteria had been met to classify the building and related assets as held for sale during the first quarter of 2025 and ceased recording depreciation at that time. The carrying value of $16.7 million, which was determined to be lower than its fair value, less costs to sell, was reclassified from property, plant and equipment, net to assets held for sale in the Company’s Consolidated Balance Sheet during the first quarter of 2025.