v3.26.1
SEGMENT DATA (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Nov. 27, 2023
USD ($)
May 05, 2024
USD ($)
Feb. 01, 2026
USD ($)
numberOfPositions
Feb. 02, 2025
USD ($)
Feb. 04, 2024
USD ($)
Jan. 29, 2023
USD ($)
Segment Reporting Information [Line Items]            
Revenue [1],[2]     $ 8,950.2 $ 8,652.9 $ 9,217.7  
Cost of goods sold     (3,801.6) (3,510.4) (3,854.5)  
Marketing Expense     (495.6) (480.0) (533.9)  
Income before interest and taxes     230.6 772.3 928.8  
Restructuring and other items     (559.9) [3] (92.9) [4] (2.3) [5]  
Depreciation and Amortization     272.3 282.2 298.6  
All other assets     10,097.5 9,524.5 9,753.2  
Total assets     11,681.0 11,033.2 11,172.9  
Equity in net income of unconsolidated affiliates     44.7 48.2 45.7  
Inventories, net [6]     1,583.5 1,508.7 1,419.7  
Goodwill and other intangible asset impairments     479.5 0.0 0.0  
Actuarial (gain) loss     (12.7) 28.2 (45.5)  
Costs Related to Amendment of Mr. Tommy Hilfiger's Employment Agreement       50.7    
Goodwill impairment     426.0      
Business Combination, Acquisition related costs     16.6 22.5    
Other (gain) loss, net     0.0 19.5 15.3  
Impairment of Long-Lived Assets Held-for-use     13.8 10.2 5.7  
Other gain     0.0 (19.5) (15.3)  
Property, Plant and Equipment, net     $ 673.3 741.0 862.6  
Number of Reportable Segments | numberOfPositions     4      
Operating Segments            
Segment Reporting Information [Line Items]            
Revenue     $ 8,950.2 8,652.9 9,217.7  
Cost of goods sold [7]     (3,801.6) (3,510.4) (3,854.5)  
Marketing Expense [7],[8]     (322.6) (306.4) (358.0)  
Other segment items [9]     (3,176.2) (3,118.4) (3,223.0)  
Income before interest and taxes     1,649.8 1,717.7 1,782.2  
Fair Value, Nonrecurring [Member]            
Segment Reporting Information [Line Items]            
Property, Plant and Equipment, net     12.2 9.1 6.2  
Fair Value, Nonrecurring [Member] | Property, Plant and Equipment [Member]            
Segment Reporting Information [Line Items]            
Noncash Impairment Charges     11.8 8.6 5.7  
EMEA Segment            
Segment Reporting Information [Line Items]            
Revenue     4,273.6 4,063.5 4,316.7  
Cost of goods sold [7]     (1,824.0) (1,716.8) (1,830.9)  
Marketing Expense [7],[8]     (136.4) (127.8) (149.3)  
Other segment items [9]     (1,564.1) (1,491.2) (1,499.1)  
Income before interest and taxes     749.1 727.7 837.4  
Depreciation and Amortization     125.6 123.2 135.1  
Inventories, net [6]     826.4 783.7 745.8  
Americas Segment            
Segment Reporting Information [Line Items]            
Revenue     2,739.9 2,586.2 2,855.7  
Cost of goods sold [7]     (1,535.8) (1,328.6) (1,554.8)  
Marketing Expense [7],[8]     (110.8) (107.1) (119.3)  
Other segment items [9]     (841.8) (830.1) (928.5)  
Income before interest and taxes     251.5 320.4 253.1  
Depreciation and Amortization     37.6 42.6 47.0  
Equity in net income of unconsolidated affiliates     36.8 39.1 37.6  
Inventories, net [6]     492.7 475.1 410.8  
APAC Segment            
Segment Reporting Information [Line Items]            
Revenue     1,515.5 1,575.5 1,602.4  
Cost of goods sold [7]     (441.8) (465.0) (468.8)  
Marketing Expense [7],[8]     (75.4) (71.5) (89.4)  
Other segment items [9]     (705.8) (721.8) (715.7)  
Income before interest and taxes     292.5 317.2 328.5  
Depreciation and Amortization     42.1 45.6 42.3  
Equity in net income of unconsolidated affiliates     7.9 9.1 8.1  
Inventories, net [6]     264.4 249.9 263.1  
Licensing Segment            
Segment Reporting Information [Line Items]            
Revenue     421.2 427.7 442.9  
Cost of goods sold [7]     0.0 0.0 0.0  
Marketing Expense [7],[8]     0.0 0.0 0.0  
Other segment items [9]     (64.5) (75.3) (79.7)  
Income before interest and taxes     356.7 352.4 363.2  
Corporate and other            
Segment Reporting Information [Line Items]            
Marketing Expense     (173.0) (173.6) (175.9)  
Income before interest and taxes [8],[10]     (859.3) (852.5) (851.1)  
Depreciation and Amortization     60.4 70.8 74.2  
Restructuring and other items            
Segment Reporting Information [Line Items]            
Depreciation and Amortization [11]     6.6 0.0 0.0  
2022 cost savings initiative            
Segment Reporting Information [Line Items]            
Exit activity costs incurred         61.3  
2022 cost savings initiative | Severance, termination benefits and other employee costs [Member]            
Segment Reporting Information [Line Items]            
Exit activity costs incurred           $ 61.3
Growth Driver 5 Actions            
Segment Reporting Information [Line Items]            
Exit activity costs incurred     93.1 24.0    
Growth Driver 5 Actions | Severance, termination benefits and other employee costs [Member]            
Segment Reporting Information [Line Items]            
Exit activity costs incurred     $ 80.1 33.5    
Heritage Brands Intimates Transaction | Severance, termination benefits and other employee costs [Member]            
Segment Reporting Information [Line Items]            
Exit activity costs incurred         1.8  
Heritage Brands Intimates Transaction            
Segment Reporting Information [Line Items]            
Aggregate net gain in connection with the Heritage Brands intimates transaction         13.5  
Other gain         $ 15.3  
Disposal Group, Including Discontinued Operation, Earnout   $ 10.0   $ 10.0    
Heritage Brands Intimates Transaction | Other gain            
Segment Reporting Information [Line Items]            
Other gain $ 15.3          
[1] No single customer accounted for more than 5% of the Company’s revenue in 2025, 2024 or 2023.
[2] Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[3] Restructuring and other items for 2025 included (i) noncash impairment charges of $479.5 million related to goodwill and other intangible assets discussed further in Note 7, “Goodwill and Other Intangible Assets,” (ii) costs of $93.1 million incurred related to the Growth Driver 5 Actions described in Note 17, “Exit Activity Costs,” consisting principally of severance and (iii) the actuarial gain of $12.7 million on the Company’s Pension Plans, SERP Plans and Postretirement Plans described in Note 12, “Retirement and Benefit Plans.”
[4] Restructuring and other items for 2024 included (i) costs of $50.7 million incurred in connection with an amendment to Mr. Tommy Hilfiger’s employment agreement pursuant to which the Company made a cash buyout of a portion of the future payment obligations, (ii) the actuarial loss of $28.2 million on the Company’s Pension Plans, SERP Plans and Postretirement Plans described in Note 12, “Retirement and Benefit Plans,” (iii) net costs of $24.0 million incurred related to the Growth Driver 5 Actions described in Note 17, “Exit Activity Costs,” consisting principally of severance and a gain in connection with the sale of a warehouse and distribution center and (iv) a gain of $10.0 million in connection with the Heritage Brands intimates transaction discussed further in Note 4, “Divestitures.”
[5] Restructuring and other items for 2023 included (i) net costs of $61.3 million related to the 2022 cost savings initiative described in Note 17, “Exit Activity Costs,” consisting principally of severance, (ii) the actuarial gain of $45.5 million on the Company’s Pension Plans, SERP Plans and Postretirement Plans described Note 12, “Retirement and Benefit Plans” and (iii) an aggregate net gain of $13.5 million in connection with the Heritage Brands intimates transaction, consisting of a $15.3 million gain, including a gain on the sale, less costs to sell described in Note 4, “Divestitures,” partially offset by $1.8 million of severance and other termination benefits.
[6] Inventories, net includes the impact of changes in foreign currency exchange rates.
[7] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[8] In addition to the marketing expenses incurred by the Company’s reportable segments, there was $173.0 million, $173.6 million and $175.9 million of global brand marketing expense, including marketing expenses benefiting the Company’s licensees, recorded in Corporate and other in 2025, 2024 and 2023, respectively. Total marketing expenses incurred by the Company in 2025, 2024 and 2023 were $495.6 million, $480.0 million and $533.9 million, respectively
[9] Other segment items include (i) all other segment SG&A expenses other than marketing expense, including direct and indirect costs to operate the segment’s retail store, digital commerce, licensing and wholesale businesses, warehousing and distribution costs, depreciation and amortization, and other costs, and (ii) equity in net income of unconsolidated affiliates.
[10] Corporate and other includes costs that are not specific to any particular segment, primarily consisting of (i) global brand costs, which include centrally managed marketing, design, and merchandising costs; (ii) corporate expenses, which include centrally managed information technology costs, including network, infrastructure and global systems; expenses for senior corporate management; and expenses for corporate support functions including finance, human resources, legal and information security; and (iii) intangible asset amortization
[11] Restructuring and other items for 2025 included accelerated depreciation related to the Growth Driver 5 Actions described in Note 17, “Exit Activity Costs.”