FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Feb. 01, 2026

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:


	2025							2024
(In millions)	Level 1		Level 2		Level 3	Total		Level 1		Level 2		Level 3	Total
Assets:
Foreign currency forward contracts	N/A		$	1.8	N/A	$	1.8	N/A		$	48.7	N/A	$	48.7
Cross-currency swap contracts (net investment hedges)	N/A		7.4		N/A	7.4		N/A		24.9		N/A	24.9
Rabbi trust assets	$	21.6	N/A		N/A	21.6		$	14.3	N/A		N/A	14.3

Total Assets	$	21.6	$	9.2	N/A	$	30.8	$	14.3	$	73.6	N/A	$	87.9

Liabilities:
Foreign currency forward contracts	N/A		$	31.7	N/A	$	31.7	N/A		$	1.5	N/A	$	1.5


Cross-currency swap contracts (net investment hedges)	N/A		44.0		N/A	44.0		N/A		—		N/A	—
Total Liabilities	N/A		$	75.7	N/A	$	75.7	N/A		$	1.5	N/A	$	1.5

The fair value of the foreign currency forward contracts is measured as the total amount of currency to be purchased, multiplied by the difference between (i) the foreign currency forward rate as of the period end and (ii) the settlement rate specified in each contract. The fair value of the cross-currency swap contracts is measured using the discounted cash flows of the contracts, which are determined based on observable inputs, including the foreign currency forward rates and discount rates, as of the period end. The fair value of the rabbi trust assets, which consist of investments in mutual funds, is valued at the net asset value of the funds, as determined by the closing price in the active market in which the individual fund is traded.

The Company established a rabbi trust that holds investments related to the Company’s supplemental savings plan. The rabbi trust is considered a variable interest entity and it is consolidated in the Company’s financial statements because the Company is considered the primary beneficiary of the rabbi trust. The rabbi trust assets generally mirror the investment elections made by eligible plan participants and are included as follows in the Company’s Consolidated Balance Sheets:


	2025				2024
(In millions)	Other Current Assets		Other Assets		Other Current Assets		Other Assets
Rabbi trust assets	$	2.3	$	19.3	$	1.0	$	13.3

The corresponding deferred compensation liability is included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. Unrealized gains recognized on the rabbi trust investments during 2025, 2024 and 2023 were $2.5 million, $1.4 million, and $0.9 million, respectively.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis and Recorded Impairment [Table Text Block]

The following tables show the fair values of the Company’s non-financial assets that were required to be remeasured at fair value on a non-recurring basis during 2025, 2024 and 2023, and the total impairments recorded as a result of the remeasurement process:


(In millions)	Fair Value Measurement Using				Fair Value As Of Impairment Date		Total Impairments
2025	Level 1	Level 2	Level 3
Other intangible assets, net	N/A	N/A	$	137.3	$	137.3	$	53.5
Operating lease right-of-use assets	N/A	N/A	16.1		16.1		2.0
Property, plant and equipment, net	N/A	N/A	0.4		0.4		11.8

2024
Operating lease right-of-use assets	N/A	N/A	3.4		3.4		1.6
Property, plant and equipment, net	N/A	N/A	0.5		0.5		8.6





2023
Property, plant and equipment, net	N/A	N/A	0.5		0.5		5.7

Other intangible assets with a carrying amount of $190.8 million were written down to a fair value of $137.3 million during 2025. In addition, the Company recorded $426.0 million of goodwill impairment charges during 2025. Please see Note 7, “Goodwill and Other Intangible Assets,” for further discussion.

Operating lease right-of-use assets with a carrying amount of $18.1 million and property, plant and equipment with a carrying amount of $12.2 million were written down to their fair values of $16.1 million and $0.4 million, respectively, during 2025, primarily in connection with the financial performance in certain of the Company’s retail stores. Fair value of the Company’s operating lease right-of-use assets was determined based on the discounted cash flows of the estimated market rents. Fair value of the Company’s property, plant and equipment was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $13.8 million of impairment charges during 2025 were included in SG&A expenses in the Company’s Consolidated Statement of Operations. In addition, for segment data reporting purposes, the charges were recorded as follows: $7.6 million in the EMEA segment, $1.9 million in the Americas segment, $2.2 million in the APAC segment and $2.1 million was included in restructuring and other items.

Operating lease right-of-use assets with a carrying amount of $5.0 million and property, plant and equipment with a carrying amount of $9.1 million were written down to their fair values of $3.4 million and $0.5 million, respectively, during 2024, primarily in connection with the financial performance in certain of the Company’s retail stores. Fair value of the Company’s operating lease right-of-use assets was determined based on the discounted cash flows of the estimated market rents. Fair value of the Company’s property, plant and equipment was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $10.2 million of impairment charges during 2024 were included in SG&A expenses in the Company’s Consolidated Statement of Operations. In addition, for segment data reporting purposes, the charges were recorded as follows: $6.6 million in the EMEA segment, $1.1 million in the Americas segment and $2.5 million in the APAC segment.

Property, plant and equipment with a carrying amount of $6.2 million was written down to a fair value of $0.5 million during 2023 primarily in connection with the financial performance in certain of the Company’s retail stores. Fair value of the Company’s property, plant and equipment was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $5.7 million of impairment charges during 2023 were included in SG&A expenses in the Company’s Consolidated Statement of Operations. In addition, for segment data reporting purposes, the charges were recorded as follows: $3.0 million in the EMEA segment, $1.4 million in the Americas segment and $1.3 million in the APAC segment.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt were as follows:


	2025				2024
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	701.5	$	701.5	$	748.0	$	748.0
Short-term borrowings	—		—		—		—
Long-term debt (including portion classified as current)	2,304.5		2,349.5		2,090.7		2,113.8

The fair values of cash and cash equivalents and short-term borrowings approximate their carrying amounts due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable year. The Company classifies the measurement of its long-term debt as a Level 1 measurement. The carrying amounts of long-term debt reflect the unamortized portions of debt issuance costs and the original issue discounts.