DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Aug. 03, 2025

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
	8/3/25				2/2/25				8/4/24				8/3/25				2/2/25				8/4/24
(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 and net investment hedges:
Foreign currency forward contracts (inventory purchases)	$	1.5	$	0.1	$	41.0	$	3.6	$	7.4	$	0.2	$	40.1	$	0.6	$	0.6	$	—	$	1.9	$	0.4


Cross-currency swap contracts (net investment hedges)	7.5		—		24.9		—		1.1		—		—		31.3		—		—		—		—
Undesignated contracts:
Foreign currency forward contracts	1.6		—		4.1		—		1.0		—		3.9		—		0.9		—		4.6		—


Total	$	10.6	$	0.1	$	70.0	$	3.6	$	9.5	$	0.2	$	44.0	$	31.9	$	1.5	$	—	$	6.5	$	0.4

Schedule of Derivative Instruments, Gain 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:


	(Loss) Gain Recognized in Other Comprehensive Income (Loss)

(In millions)

Thirteen Weeks Ended	8/3/25		8/4/24
Foreign currency forward contracts (inventory purchases)	$	(11.0)	$	(3.5)
Foreign currency borrowings (net investment hedges)	(32.4)		(16.8)
Cross-currency swap contracts (net investment hedges)	(8.0)		(2.8)
Total	$	(51.4)	$	(23.1)

Twenty-Six Weeks Ended	8/3/25		8/4/24
Foreign currency forward contracts (inventory purchases)	$	(61.1)	$	3.9
Foreign currency borrowings (net investment hedges)	(137.0)		(13.7)
Cross-currency swap contracts (net investment hedges)	(48.6)		(0.5)
Total	$	(246.7)	$	(10.3)


	Amount of Gain Reclassified from AOCL into Income, 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	8/3/25		8/4/24			8/3/25		8/4/24
Foreign currency forward contracts (inventory purchases)	$	14.7	$	6.3	Cost of goods sold	$	916.4	$	828.4


Cross-currency swap contracts (net investment hedges)	1.8		1.8		Interest expense	25.8		22.8
Total	$	16.5	$	8.1









Twenty-Six Weeks Ended	8/3/25		8/4/24			8/3/25		8/4/24
Foreign currency forward contracts (inventory purchases)	$	14.4	$	12.0	Cost of goods sold	$	1,738.3	$	1,581.6
Cross-currency swap contracts (net investment hedges)	3.6		3.5		Interest expense	48.2		46.1


Total	$	18.0	$	15.5

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)	Loss Recognized in SG&A Expenses
Thirteen Weeks Ended	8/3/25		8/4/24

Foreign currency forward contracts (1)	$	(6.2)	$	(3.6)






Twenty-Six Weeks Ended	8/3/25		8/4/24
Foreign currency forward contracts (1)	$	(26.2)	$	(2.2)

(1) Any gains and losses that are immediately recognized in earnings on such contracts are largely offset by the remeasurement of the underlying balances.