Derivative Financial Instruments (Tables)

3 Months Ended

May 03, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Forward Currency Contracts, Statement of Financial Position

The notional amounts and fair values of forward currency contracts were as follows:


	May 3, 2026						February 1, 2026
	Gross Notional		Assets		Liabilities		Gross Notional		Assets		Liabilities
	(In thousands)
Derivatives designated as net investment hedges:
Forward currency contracts	$	1,282,000	$	—	$	19,265	$	1,548,000	$	—	$	32,510
Derivatives not designated in a hedging relationship:
Forward currency contracts	1,559,294		18,581		2,046		1,832,471		30,996		3,966
Net derivatives recognized on consolidated balance sheets:
Forward currency contracts			$	18,581	$	21,311			$	30,996	$	36,476

Schedule of Pre-tax Gains (Losses) on Derivatives in Accumulated Other Comprehensive Income (Loss)

The pre-tax gains and losses on foreign currency exchange forward contracts recorded in accumulated other comprehensive income or loss were as follows:


	First Quarter
	2026		2025
	(In thousands)
Gains (losses) recognized in net investment hedge gains (losses):
Derivatives designated as net investment hedges	$	1,775	$	(65,223)

Schedule of Pre-Tax Net Foreign Exchange and Derivative Gains and Losses

The pre-tax net foreign currency exchange and derivative gains and losses recorded in the consolidated statement of operations were as follows:


	First Quarter
	2026		2025
	(In thousands)
Gains (losses) recognized in selling, general and administrative expenses:
Foreign currency exchange gains (losses)	$	(399)	$	(73,277)
Derivatives not designated in a hedging relationship	(7,361)		63,068
Net foreign currency exchange and derivative losses	$	(7,760)	$	(10,209)