| ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in AOCL, net of related taxes, by component: | | | | | | | | | | | | | | | | | | | | | (In millions) | Foreign currency translation adjustments | | | | Net unrealized and realized (loss) gain on effective cash flow hedges | | Total | | Balance at January 29, 2023 | $ | (710.1) | | | | | $ | (3.0) | | | $ | (713.1) | | | Other comprehensive (loss) income before reclassifications | (56.2) | | (1)(2) | | | 25.8 | | | (30.4) | | | Less: Amounts reclassified from AOCL | 2.4 | | | | | 7.7 | | | 10.1 | | | Other comprehensive (loss) income | (58.6) | | | | | 18.1 | | | (40.5) | | | Balance at February 4, 2024 | $ | (768.7) | | | | | $ | 15.1 | | | $ | (753.6) | | | Other comprehensive (loss) income before reclassifications | (116.8) | | (1)(3) | | | 36.4 | | | (80.4) | | | Less: Amounts reclassified from AOCL | 5.3 | | | | | 17.5 | | | 22.8 | | | Other comprehensive (loss) income | (122.1) | | | | | 18.9 | | | (103.2) | | | Balance at February 2, 2025 | $ | (890.8) | | | | | $ | 34.0 | | | $ | (856.8) | | | Other comprehensive income (loss) before reclassifications | 234.1 | | (1)(4) | | | (50.9) | | | 183.2 | | | Less: Amounts reclassified from AOCL | 5.8 | | | | | 9.4 | | | 15.2 | | | Other comprehensive income (loss) | 228.3 | | | | | (60.3) | | | 168.0 | | | Balance at February 1, 2026 | $ | (662.5) | | | | | $ | (26.3) | | | $ | (688.8) | |
(1)Foreign currency translation adjustments included a net (loss) gain on net investment hedges of $(169.1) million, $55.8 million and $12.7 million in 2025, 2024 and 2023, respectively. (2)Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against certain currencies in the Asia-Pacific region (primarily the Chinese yuan and the Australian dollar) and the euro. (3)Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro, certain currencies in the Asia-Pacific region (primarily the Australian dollar and the Korean won), the Mexican peso and the Brazilian real. (4)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: | | | | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from AOCL | | Affected Line Item in the Company’s Consolidated Statements of Operations | | (In millions) | 2025 | | 2024 | | 2023 | | | | Realized gain on effective cash flow hedges: | | | | | | | | | Foreign currency forward contracts (inventory purchases) | $ | 12.7 | | | $ | 24.1 | | | $ | 11.1 | | | Cost of goods sold | | | | | | | | | | | | | | | | | | Less: Tax effect | 3.3 | | | 6.6 | | | 3.4 | | | Income tax expense | | Total, net of tax | $ | 9.4 | | | $ | 17.5 | | | $ | 7.7 | | | | | | | | | | | | | Foreign currency translation adjustments: | | | | | | | | | Cross-currency swap contracts (net investment hedges) | $ | 7.7 | | | $ | 7.0 | | | $ | 3.2 | | | Interest expense | | Less: Tax effect | 1.9 | | | 1.7 | | | 0.8 | | | Income tax expense | | Total, net of tax | $ | 5.8 | | | $ | 5.3 | | | $ | 2.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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