| ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended August 3, 2025 and August 4, 2024: | | | | | | | | | | | | | | | | | | | |
(In millions) | Foreign currency translation adjustments | | | | Net unrealized and realized gain (loss) on effective cash flow hedges | | Total | | Balance, February 2, 2025 | $ | (890.8) | | | | | $ | 34.0 | | | $ | (856.8) | | | Other comprehensive income (loss) before reclassifications | 158.8 | | (1)(2) | | | (45.3) | | | 113.5 | | | Less: Amounts reclassified from AOCL | 2.7 | | | | | 10.7 | | | 13.4 | | | Other comprehensive income (loss) | 156.1 | | | | | (56.0) | | | 100.1 | | | Balance, August 3, 2025 | $ | (734.7) | | | | | $ | (22.0) | | | $ | (756.7) | |
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(In millions) | Foreign currency translation adjustments | | | | Net unrealized and realized gain (loss) on effective cash flow hedges | | Total | | Balance, February 4, 2024 | $ | (768.7) | | | | | $ | 15.1 | | | $ | (753.6) | | | Other comprehensive (loss) income before reclassifications | (12.8) | | (1) | | | 2.9 | | | (9.9) | | | Less: Amounts reclassified from AOCL | 2.6 | |
| | | 8.7 | | | 11.3 | | | Other comprehensive loss | (15.4) | | | | | (5.8) | | | (21.2) | | | Balance, August 4, 2024 | $ | (784.1) | | | | | $ | 9.3 | | | $ | (774.8) | |
(1) Foreign currency translation adjustments included a net loss on net investment hedges of $139.3 million and $10.7 million during the twenty-six weeks ended August 3, 2025 and August 4, 2024, respectively.
(2) Favorable foreign currency translation adjustments were principally driven by a weakening of the United States dollar against the euro.
The following table presents reclassifications from AOCL to earnings for the thirteen and twenty-six weeks ended August 3, 2025 and August 4, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Amount Reclassified from AOCL | | Affected Line Item in the Company’s Consolidated Statements of Operations | | Thirteen Weeks Ended | | Twenty-Six Weeks Ended | | | | (In millions) | 8/3/25 | | 8/4/24 | | 8/3/25 | | 8/4/24 | | | | Realized gain on effective cash flow hedges: | | | | | | | | | | | Foreign currency forward contracts (inventory purchases) | $ | 14.7 | | | $ | 6.3 | | | $ | 14.4 | | | $ | 12.0 | | | Cost of goods sold | | | | | | | | | | | | | | | | | | | | | | Less: Tax effect | 3.8 | | | 1.7 | | | 3.7 | | | 3.3 | | | Income tax (benefit) expense | | Total, net of tax | $ | 10.9 | | | $ | 4.6 | | | $ | 10.7 | | | $ | 8.7 | | | | | | | | | | | | | | | Foreign currency translation adjustments: | | | | | | | | | | | Cross-currency swap contracts (net investment hedges) | $ | 1.8 | | | $ | 1.8 | | | $ | 3.6 | | | $ | 3.5 | | | Interest expense | | Less: Tax effect | 0.4 | | | 0.5 | | | 0.9 | | | 0.9 | | | Income tax (benefit) expense | | Total, net of tax | $ | 1.4 | | | $ | 1.3 | | | $ | 2.7 | | | $ | 2.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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