Document and Entity Information Document - shares |
6 Months Ended | |
---|---|---|
Jul. 31, 2016 |
Aug. 26, 2016 |
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Document and Entity Information [Abstract] | ||
Entity Registrant Name | PVH CORP. /DE/ | |
Entity Central Index Key | 0000078239 | |
Current Fiscal Year End Date | --01-29 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Jul. 31, 2016 | |
Document Fiscal Year Focus | 2016 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 80,228,987 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Document and Entity Information [Abstract] No definition available.
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- Definition Includes (i) advertising revenue, which represents contributions made by licensees toward advertising based on contractual obligations, and (ii) revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. No definition available.
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- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
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- Definition In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
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Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
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Net income | $ 90.5 | $ 102.2 | $ 322.1 | $ 216.3 |
Foreign currency translation adjustments, net of tax | (99.6) | (124.8) | 84.7 | (140.1) |
Amortization of prior service credit related to pension and postretirement plans, net of tax | 0.0 | 0.0 | (0.1) | (0.1) |
Net unrealized and realized gain (loss) related to effective cash flow hedges, net of tax | 16.9 | (6.3) | (38.0) | (23.2) |
Net gain on net investment hedge, net of tax | 4.9 | 0.0 | 4.9 | 0.0 |
Total other comprehensive (loss) income | (77.8) | (131.1) | 51.5 | (163.4) |
Comprehensive income (loss) | 12.7 | (28.9) | 373.6 | 52.9 |
Less: Comprehensive loss attributable to redeemable non-controlling interest | 0.0 | 0.0 | 0.0 | 0.0 |
Total comprehensive income (loss) attributable to PVH Corp. | $ 12.7 | $ (28.9) | $ 373.6 | $ 52.9 |
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after income tax of income (loss) including the portion attributable to nonredeemable noncontrolling interest. Excludes the portion attributable to redeemable noncontrolling interest recognized as temporary equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Current period adjustment in other comprehensive income reflecting gains or losses on foreign currency transactions that are designated as, and are effective as, hedges of a net investment in a foreign entity, net of tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
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Foreign currency translation adjustments, tax benefit | $ (0.1) | $ (0.4) | $ (0.1) | $ (0.4) |
Amortization of prior service credit related to pension and postretirement plans, tax benefit | (0.1) | (0.1) | (0.1) | (0.1) |
Net unrealized and realized gain (loss) related to effective hedges, tax expense (benefit) | 2.1 | 0.4 | (3.8) | (0.5) |
Net gain on net investment hedge, tax expense | $ 2.9 | $ 0.0 | $ 2.9 | $ 0.0 |
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- Definition Gain (Loss) on Derivative Used as Net Investment Hedge, Tax No definition available.
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- Definition Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tax (expense) benefit, before reclassification adjustments, related to (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated amortization of finite-lived and indefinite-lived intangible assets classified as other. No definition available.
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from parties in nontrade transactions, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value of all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by shareholders, which is net of related treasury stock. May be all or a portion of the number of preferred shares authorized. These shares represent the ownership interest of the preferred shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition As of the reporting date, the carrying amount of noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. The noncontrolling interest holder's ownership (or holders' ownership) may be in the form of common shares (regardless of class), limited partnership units (regardless of class), non-preferential membership interests, or any other form of common equity regardless of investee entity legal form. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions |
Jul. 31, 2016 |
Jan. 31, 2016 |
Aug. 02, 2015 |
---|---|---|---|
Current Assets: | |||
Allowance for doubtful accounts | $ 15.4 | $ 18.1 | $ 18.8 |
Other Assets: | |||
Other assets, deferred taxes | 11.4 | 12.2 | 15.7 |
Liabilities: | |||
Other liabilities, deferred taxes | $ 872.5 | $ 836.4 | $ 889.4 |
Stockholders' Equity: | |||
Common stock, par value (in dollars per share) | $ 1 | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 240,000,000 | 240,000,000 | 240,000,000 |
Common stock, shares issued (in shares) | 83,872,364 | 83,545,818 | 83,479,689 |
Preferred stock, par value (in dollars per share) | $ 100 | $ 100 | $ 100 |
Preferred stock, shares authorized (in shares) | 150,000 | 150,000 | 150,000 |
Shares of common stock held in treasury, at cost (in shares) | 3,540,949 | 2,057,850 | 843,305 |
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- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
X | ||||||||||
- Definition The net change during the reporting period in the aggregate amount of obligations and expenses incurred but not paid; and the net change during the reporting period, excluding the portion taken into income, in the liability reflecting services yet to be performed by the reporting entity for which cash or other forms of consideration was received or recorded as a receivable. No definition available.
|
X | ||||||||||
- Definition Repayment of Term Loan B under 2014 Facilities No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Cash outflow in the form of ordinary dividends to common shareholders, preferred shareholders and noncontrolling interests, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from sale of buildings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GENERAL |
6 Months Ended |
---|---|
Jul. 31, 2016 | |
Notes to Financial Statements [Abstract] | |
GENERAL | GENERAL PVH Corp. and its consolidated subsidiaries (collectively, the “Company”) constitute a global apparel company whose brand portfolio consists of nationally and internationally recognized brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s and Olga, which are owned, and Speedo, which is licensed in perpetuity for North America and the Caribbean, as well as various other owned, licensed and private label brands. The Company designs and markets branded dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products, handbags, footwear and other related products and licenses its owned brands over a broad range of products. References to the aforementioned and other brand names are to registered trademarks owned by the Company or licensed to the Company by third parties and are identified by italicizing the brand name. The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. Please see Note 6, “Investments in Unconsolidated Affiliates,” for a further discussion. During the second quarter of 2016, the Company, along with its minority interest partner, formed a joint venture in Ethiopia. The joint venture is consolidated and the minority shareholder’s proportionate share (25%) of the equity in this joint venture is accounted for as a redeemable non-controlling interest. Please see Note 5, “Redeemable Non-Controlling Interest,” for a further discussion. The Company’s fiscal years are based on the 52-53 week periods ending on the Sunday closest to February 1 of each calendar year and are designated by the calendar year in which the fiscal year commences. References to a year are to the Company’s fiscal year, unless the context requires otherwise. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. Accordingly, they do not contain all disclosures required by accounting principles generally accepted in the United States for complete financial statements. Reference is made to the Company’s audited consolidated financial statements, including the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2016. The preparation of interim financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from these estimates. The results of operations for the thirteen and twenty-six weeks ended July 31, 2016 and August 2, 2015 are not necessarily indicative of those for a full fiscal year due, in part, to seasonal factors. The data contained in these financial statements are unaudited and are subject to year-end adjustments. However, in the opinion of management, all known adjustments (which consist of normal recurring accruals) have been made to present fairly the consolidated operating results for the unaudited periods. The Company records warehousing and distribution expenses as a component of selling, general and administrative expenses in its Consolidated Income Statements. Warehousing and distribution expenses totaled $57.4 million and $53.2 million in the thirteen weeks ended July 31, 2016 and August 2, 2015, respectively, and totaled $115.7 million and $110.7 million in the twenty-six weeks ended July 31, 2016 and August 2, 2015, respectively. Certain reclassifications have been made to the consolidated financial statements for the prior year periods to present that information on a basis consistent with the current year. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
INVENTORIES |
6 Months Ended |
---|---|
Jul. 31, 2016 | |
Notes to Financial Statements [Abstract] | |
INVENTORIES | INVENTORIES Inventories are comprised principally of finished goods and are stated at the lower of cost or market. Cost for principally all wholesale inventories in North America and certain wholesale and retail inventories in Asia and Latin America is determined using the first-in, first-out method. Cost for all other inventories is determined using the weighted average cost method. The Company reviews current business trends, inventory aging and discontinued merchandise categories to determine adjustments that it estimates will be needed to liquidate existing clearance inventories and record inventories at the lower of cost or market. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
ACQUISITIONS |
6 Months Ended |
---|---|
Jul. 31, 2016 | |
Notes to Financial Statements [Abstract] | |
ACQUISITIONS | ACQUISITIONS The Company acquired on April 13, 2016 the 55% of the ownership interests in TH Asia, Ltd. (“TH China”), its joint venture for Tommy Hilfiger in China, that it did not already own. Prior to April 13, 2016, the 45% interest in TH China owned by the Company was accounted for under the equity method of accounting. Following the acquisition of the 55% interest, the results of TH China’s operations were consolidated in the Company’s consolidated financial statements. TH China began operating the Tommy Hilfiger wholesale and retail distribution businesses in China in 2011 and licensed from a subsidiary of the Company the Tommy Hilfiger trademarks for use in connection with these businesses. The carrying value of the Company’s 45% interest in TH China prior to the acquisition was $52.5 million. In connection with the acquisition, this investment was remeasured to a fair value of $205.6 million, resulting in the recognition of a pre-tax noncash gain of $153.1 million during the first quarter of 2016. Such fair value was estimated based on the fair value of TH China using future operating cash flow projections discounted at a rate of return that accounted for the relative risks of the estimated future cash flows and included an estimated discount for a lack of marketability. The acquisition date fair value of the consideration for the 55% interest that the Company did not already own was $265.8 million, consisting of $263.0 million paid in cash and the elimination of a $2.8 million pre-acquisition receivable owed to the Company by TH China. Together with the fair value of the Company’s 45% interest, the total fair value of TH China was $471.4 million. The estimated fair value of assets acquired and liabilities assumed included net assets of $99.2 million (including $105.3 million of cash acquired), $110.6 million of other intangible assets and $261.6 million of goodwill. The goodwill of $261.6 million was assigned to the Company’s Tommy Hilfiger International segment. Goodwill is not expected to be deductible for tax purposes. The other intangible assets of $110.6 million as of April 13, 2016 included reacquired license rights of $72.0 million, order backlog of $26.2 million and customer relationships of $12.4 million, which are subject to amortization on a straight-line basis over 2.7 years, 0.8 years and 10.0 years, respectively. The Company is still in the process of finalizing the valuation of the assets acquired and liabilities assumed; thus, the allocation of the acquisition consideration is subject to change. |
X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ASSETS HELD FOR SALE (Notes) |
6 Months Ended |
---|---|
Jul. 31, 2016 | |
Assets Held For Sale [Abstract] | |
ASSETS HELD FOR SALE | ASSETS HELD FOR SALE During 2015, one of the Company’s European subsidiaries entered into an agreement to sell an owned building in Amsterdam, the Netherlands. The Company classified the building as held for sale beginning in the fourth quarter of 2015 and ceased recording depreciation on the building at that time. The building had a carrying value of $14.7 million as of January 31, 2016, which was determined to be lower than the fair value, less costs to sell, and was included in other current assets in the Company’s Consolidated Balance Sheet in the Calvin Klein International segment. The Company completed the sale of the building on July 4, 2016 for proceeds of €15.0 million (approximately $16.7 million based on the exchange rate in effect on that date) and recorded a gain of $1.5 million, which represented the excess of the proceeds, less costs to sell, over the carrying value on that date. The gain was recorded in selling, general and administrative expenses in the Company’s Consolidated Income Statement during the second quarter of 2016 and was included in the Calvin Klein International segment. |
X | ||||||||||
- Definition Assets Held For Sale [Abstract] No definition available.
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X | ||||||||||
- Definition Assets Held For Sale [Text Block] No definition available.
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INVESTMENTS IN UNCONSOLIDATED AFFILIATES |
6 Months Ended |
---|---|
Jul. 31, 2016 | |
Equity Method Investments and Joint Ventures [Abstract] | |
INVESTMENTS IN UNCONSOLIDATED AFFILIATES | INVESTMENTS IN UNCONSOLIDATED AFFILIATES Karl Lagerfeld The Company acquired an economic interest of approximately 10% in the parent company of the Karl Lagerfeld brand (“Karl Lagerfeld”) during 2014 for $18.9 million. During the first quarter of 2016, a third party acquired a minority stake in Karl Lagerfeld, diluting the Company’s economic interest to approximately 8%. The Company has significant influence as defined under FASB guidance with respect to this investment, which is being accounted for under the equity method of accounting. PVH Australia The Company formed a joint venture, PVH Brands Australia Pty. Limited (“PVH Australia”), in 2013 in which the Company owns a 50% economic interest. The joint venture has licensed from a subsidiary of the Company since the first quarter of 2014 the rights to distribute and sell certain Calvin Klein brand products in Australia, New Zealand and other island nations in the South Pacific. As part of the transaction, the Company contributed to PVH Australia its subsidiaries that were operating the Calvin Klein Jeans businesses in Australia and New Zealand. During the first quarter of 2015, the Company completed a transaction in which the Tommy Hilfiger and Van Heusen trademarks in Australia were licensed for certain product categories to subsidiaries of PVH Australia for use in Australia, New Zealand and, in the case of Tommy Hilfiger, other island nations in the South Pacific. The Tommy Hilfiger trademarks had previously been licensed to a third party and the Van Heusen trademarks had previously been licensed to the Company’s joint venture partner in PVH Australia. Additionally, subsidiaries of PVH Australia license other trademarks for certain product categories. The Company made a net payment of $21.0 million to PVH Australia during the twenty-six weeks ended August 2, 2015, which represented its 50% share of the joint venture funding for the period. This investment is being accounted for under the equity method of accounting. CK India The Company acquired in 2013 a 51% economic interest in a Calvin Klein joint venture in India that has since been renamed Calvin Klein Arvind Fashion Private Limited (“CK India”). CK India licenses from a subsidiary of the Company the rights to the Calvin Klein trademarks in India for certain product categories. CK India was consolidated in the Company’s financial statements during 2013. During the first quarter of 2014, Arvind purchased the Company’s prior joint venture partners’ shares in CK India and, as a result of the entry into a shareholder agreement with different governing arrangements between the Company and Arvind, the Company no longer was deemed to hold a controlling interest in the joint venture. CK India was deconsolidated as a result and the Company began reporting its 51% interest as an equity method investment in the first quarter of 2014. The Company made a payment of $1.6 million to CK India during the twenty-six weeks ended August 2, 2015 to contribute its 51% share of the joint venture funding for the period. TH Brazil The Company formed a joint venture, Tommy Hilfiger do Brasil S.A. (“TH Brazil”), in Brazil in 2012, in which the Company owns a 40% economic interest. TH Brazil licenses from a subsidiary of the Company the rights to the Tommy Hilfiger trademarks in Brazil for certain product categories. This investment is being accounted for under the equity method of accounting. The Company made a payment of $1.5 million to TH Brazil during the twenty-six weeks ended July 31, 2016 to contribute its 40% share of the joint venture funding for the period. TH India The Company acquired in 2011 a 50% economic interest in a company that has since been renamed Tommy Hilfiger Arvind Fashion Private Limited (“TH India”). TH India licenses from a Company subsidiary the rights to the Tommy Hilfiger trademarks in India for certain product categories. This investment is being accounted for under the equity method of accounting. Arvind, the Company’s joint venture partner in PVH Ethiopia and in CK India, is also the Company’s joint venture partner in TH India. TH China The Company formed TH China as a joint venture in 2010. This investment was accounted for under the equity method of accounting until April 13, 2016, on which date the Company acquired the 55% of the ownership interests in TH China that it did not already own. Please see Note 3, “Acquisitions,” for a further discussion. Total Investments in Unconsolidated Affiliates Included in other assets in the Company’s Consolidated Balance Sheets as of July 31, 2016, January 31, 2016 and August 2, 2015 is $94.6 million, $140.7 million (of which $52.9 million related to TH China) and $134.7 million (of which $47.4 million related to TH China), respectively, related to these investments in unconsolidated affiliates. |
X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
REDEEMABLE NON-CONTROLLING INTEREST REDEEMABLE NON-CONTROLLING INTEREST |
6 Months Ended |
---|---|
Jul. 31, 2016 | |
Redeemable Non-Controlling Interest [Abstract] | |
REDEEMABLE NON-CONTROLLING INTEREST | REDEEMABLE NON-CONTROLLING INTEREST On June 29, 2016, the Company and Arvind Limited (“Arvind”) formed a joint venture in Ethiopia, PVH Arvind Manufacturing Private Limited Company (“PVH Ethiopia”), in which the Company owns a 75% interest. The Company made an initial contribution of $0.2 million to PVH Ethiopia at formation and has consolidated the joint venture in its consolidated financial statements. PVH Ethiopia was formed to operate a manufacturing facility that will produce finished products for the Company for distribution primarily in the United States. The Company expects the manufacturing facility will begin operations in 2017. The shareholders agreement entered into by the parties to the joint venture (the “Shareholders Agreement”) contains a put option under which the non-controlling shareholder can require the Company to purchase all of its shares in the joint venture during various future periods as specified in the Shareholders Agreement. The first such period immediately precedes the ninth anniversary of the date of incorporation of PVH Ethiopia. The Shareholders Agreement also contains call options under which the Company can require the non-controlling shareholder to sell to the Company (i) all or a portion of its shares during various future periods as specified in the Shareholders Agreement; (ii) all of its shares in the event of a change of control of the non-controlling shareholder; or (iii) all of its shares in the event that the non-controlling shareholder ceases to hold at least ten percent of the outstanding shares. The Company’s first call option referred to in clause (i) immediately follows the fifth anniversary of the date of incorporation of PVH Ethiopia. The put and call prices are the fair market value of the shares on the redemption date based upon a multiple of the joint venture’s earnings before interest, taxes, depreciation and amortization for the prior 12 months, less the joint venture’s net debt. The fair value of the non-controlling interest as of the date of formation of the joint venture was $0.1 million. The carrying amount of the redeemable non-controlling interest is adjusted to equal the redemption amount at the end of each reporting period, provided that this amount at the end of each reporting period cannot be lower than the initial fair value. Such changes in the redemption amount of the redeemable non-controlling interest are recognized immediately as they occur, since it is probable that the non-controlling interest will become redeemable in the future based on the passage of time. Any adjustment to the redemption amount of the redeemable non-controlling interest is determined after attribution of net income of the redeemable non-controlling interest and will be recognized immediately in retained earnings of the Company. The carrying amount of the redeemable non-controlling interest as of July 31, 2016 was $0.1 million. |
X | ||||||||||
- Definition Redeemable Non-Controlling Interest [Abstract] No definition available.
|
X | ||||||||||
- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GOODWILL |
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Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GOODWILL | GOODWILL The changes in the carrying amount of goodwill for the twenty-six weeks ended July 31, 2016, by segment (please see Note 18, “Segment Data,” for a further discussion of the Company’s reportable segments), were as follows:
The Company is required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition in 2003 of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies (collectively, “Calvin Klein”). Such payments are based on 1.15% of total worldwide net sales, as defined in the acquisition agreement (as amended), of products bearing any of the Calvin Klein brands and are required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein are made are wholesale sales by the Company and its licensees and other partners to retailers. |
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- References No definition available.
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- Definition The entire disclosure for goodwill. No definition available.
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RETIREMENT AND BENEFIT PLANS |
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Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
RETIREMENT AND BENEFIT PLANS | RETIREMENT AND BENEFIT PLANS The Company has five qualified defined benefit pension plans as of July 31, 2016 covering substantially all employees resident in the United States who meet certain age and service requirements. The plans provide monthly benefits upon retirement generally based on career average compensation and years of credited service. Vesting in plan benefits generally occurs after five years of service. The Company refers to these five noncontributory plans as its “Pension Plans.” The Company also has for certain members of Tommy Hilfiger’s domestic senior management a supplemental executive retirement plan, which is an unfunded non-qualified supplemental defined benefit pension plan. Such plan is frozen and, as a result, participants do not accrue additional benefits. In addition, the Company has a capital accumulation program, which is an unfunded non-qualified supplemental defined benefit plan. Under the individual participants’ agreements, the participants in this plan will receive a predetermined amount during the 10 years following the attainment of age 65, provided that prior to the termination of employment with the Company, the participant has been in the plan for at least 10 years and has attained age 55. The Company also has for certain employees resident in the United States who meet certain age and service requirements an unfunded non-qualified supplemental defined benefit pension plan, which provides benefits for compensation in excess of Internal Revenue Service earnings limits and requires payments to vested employees upon, or shortly after, employment termination or retirement. The Company refers to these three noncontributory plans as its “SERP Plans.” The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. During 2002, the postretirement plan was amended to eliminate the Company contribution, which partially subsidized benefits, for active participants who, as of January 1, 2003, had not attained age 55 and 10 years of service. As a result of the Company’s acquisition of The Warnaco Group, Inc. (“Warnaco”) in 2013, the Company also provides certain postretirement health care and life insurance benefits to certain Warnaco retirees resident in the United States. Retirees contribute to the cost of this plan, which is unfunded. This plan was frozen on January 1, 2014. The Company refers to these two plans as its “Postretirement Plans.” Net benefit cost related to the Company’s Pension Plans was recognized in selling, general and administrative expenses in the Company’s Consolidated Income Statements as follows:
Net benefit cost related to the Company’s SERP Plans was recognized in selling, general and administrative expenses in the Company’s Consolidated Income Statements as follows:
Net benefit cost related to the Company’s Postretirement Plans was recognized in selling, general and administrative expenses in the Company’s Consolidated Income Statements as follows:
Currently, the Company expects to make a contribution of approximately $6.9 million to its Pension Plans in 2016. The Company’s actual contributions may differ from planned contributions due to many factors including changes in tax and other benefit laws, or significant differences between expected and actual pension asset performance or interest rates. |
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- References No definition available.
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- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DEBT |
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DEBT | DEBT Short-Term Borrowings One of the Company’s Asian subsidiaries has yen-denominated short-term lines of credit and overdraft facilities with a number of Japanese banks at various interest rates that provide for borrowings of up to ¥2,200.0 million (approximately $21.3 million based on exchange rates in effect on July 31, 2016) and are utilized primarily to fund working capital needs. As of July 31, 2016, the Company had $19.4 million of borrowings outstanding under this facility. The weighted average interest rate on the funds borrowed at July 31, 2016 was 0.28%. The maximum amount of borrowings outstanding during the twenty-six weeks ended July 31, 2016 was $19.4 million. One of the Company’s Asian subsidiaries has a won-denominated overdraft facility with a South Korean bank that provides for borrowings of up to ₩3,500.0 million (approximately $3.1 million based on exchange rates in effect on July 31, 2016) and is utilized primarily to fund working capital needs. Borrowings under this facility are unsecured and bear interest at the South Korean bank three-month certificate of deposit rate plus 1.50%. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended July 31, 2016. One of the Company’s Asian subsidiaries has a United States dollar-denominated short-term revolving credit facility with a bank that provides for borrowings of up to $10.0 million and is utilized primarily to fund working capital needs. Borrowings under this facility bear interest at the one-month London interbank borrowing rate (“LIBOR”) plus 1.50%. At the end of each month, amounts outstanding under this facility may be carried forward for additional one-month periods for up to one year. This facility is subject to certain terms and conditions and may be terminated at any time at the discretion of the bank. There were no borrowings outstanding under this facility as of or during the twenty-six weeks ended July 31, 2016. One of the Company’s European subsidiaries has euro-denominated short-term revolving notes with a number of banks at various interest rates, as well as overdraft facilities, that provide for borrowings of up to €60.0 million (approximately $66.7 million based on exchange rates in effect on July 31, 2016) and are used primarily to fund working capital needs. There were no borrowings outstanding under these facilities as of or during the twenty-six weeks ended July 31, 2016. One of the Company’s European subsidiaries has a United States dollar-denominated short-term line of credit facility with a Turkish bank that provides for borrowings of up to $3.7 million and is utilized primarily to fund working capital needs. Borrowings under this facility bear interest at the Turkish overnight lending rate plus 3.00%. As of July 31, 2016, the Company had no borrowings outstanding under this facility. The maximum amount of borrowings outstanding during the twenty-six weeks ended July 31, 2016 was $3.3 million. One of the Company’s European subsidiaries has a Turkish lira-denominated short-term line of credit facility with a Turkish bank that provides for borrowings of up to lira 3.0 million (approximately $1.0 million based on exchange rates in effect on July 31, 2016) and is utilized primarily to fund working capital needs. Borrowings under this facility bear interest at the Turkish overnight lending rate plus 4.00%. As of July 31, 2016, the Company had no borrowings outstanding under this facility. The maximum amount of borrowings outstanding during the twenty-six weeks ended July 31, 2016 was $0.9 million. One of the Company’s Mexican subsidiaries has a peso-denominated short-term revolving credit facility with a Mexican bank that provides for borrowings of up to ₱161.1 million (approximately $8.5 million based on exchange rates in effect on July 31, 2016) and is utilized primarily to fund working capital needs. Borrowings under this facility bear interest at the Interbank Equilibrium Interest Rate plus 0.90%. As of July 31, 2016, the Company had no borrowings outstanding under this facility. The maximum amount of borrowings outstanding during the twenty-six weeks ended July 31, 2016 was equal to the maximum amount of borrowings available under this facility. One of the Company’s Latin American subsidiaries has a Brazilian real-denominated short-term revolving credit facility with a Brazilian bank that provides for borrowings of up to R$25.0 million (approximately $7.6 million based on exchange rates in effect on July 31, 2016) and is utilized primarily to fund working capital needs. Borrowings under this facility are unsecured. There were no borrowings outstanding as of or during the twenty-six weeks ended July 31, 2016. The Company also has the ability to draw revolving borrowings under its senior secured credit facilities as discussed in the section entitled “2016 Senior Secured Credit Facilities” below. As of July 31, 2016, the Company had no borrowings outstanding under these facilities. The maximum amount of revolving borrowings outstanding under these facilities during the twenty-six weeks ended July 31, 2016 was $15.3 million. Long-Term Debt The carrying amounts of the Company’s long-term debt were as follows:
Please see Note 12, “Fair Value Measurements,” for the fair value of the Company’s long-term debt as of July 31, 2016 and August 2, 2015. As of July 31, 2016, the Company’s mandatory long-term debt repayments for the next five years were as follows:
Total debt repayments for the next five years exceed the carrying amount of the Company’s Term Loan A facility as of July 31, 2016 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discounts. As of July 31, 2016, after taking into account the effect of the Company’s interest rate swap agreements discussed in the section below entitled “2016 Senior Secured Credit Facilities,” which were in effect as of such date, approximately 65% of the Company’s long-term debt had a fixed interest rate, with the remainder at variable interest rates. 2014 Senior Secured Credit Facilities On March 21, 2014, the Company entered into an amendment to its senior secured credit facilities (as amended, the “2014 facilities”). The 2014 facilities consisted of a $1,986.3 million United States dollar-denominated Term Loan A facility, a $1,188.6 million United States dollar-denominated Term Loan B facility and senior secured revolving credit facilities consisting of (a) a $475.0 million United States dollar-denominated revolving credit facility, (b) a $25.0 million United States dollar-denominated revolving credit facility available in United States dollars or Canadian dollars and (c) a €185.9 million euro-denominated revolving credit facility available in euro, pounds sterling, Japanese yen or Swiss francs. On May 19, 2016, the Company amended the 2014 facilities, as discussed in the following section. 2016 Senior Secured Credit Facilities On May 19, 2016 (the “Amendment Date”), the Company entered into an amendment (the “Amendment”) to the 2014 facilities (as amended by the Amendment, the “2016 facilities”). Among other things, the Amendment provided for an additional $582.0 million principal amount of loans under the Term Loan A facility, the repayment of all outstanding loans under the Term Loan B facility and the termination of the Term Loan B facility. In addition, the Amendment extended the maturity of the Term Loan A and the revolving credit facilities from February 13, 2019 to May 19, 2021. On the Amendment Date, the Company borrowed the additional $582.0 million principal amount of loans under the Term Loan A facility made available pursuant to the Amendment and used the proceeds of such borrowings to repay the $582.0 million principal amount of loans outstanding under the Term Loan B facility under the 2014 facilities. The 2016 facilities consist of a $2,347.4 million United States dollar-denominated Term Loan A facility and senior secured revolving credit facilities consisting of (a) a $475.0 million United States dollar-denominated revolving credit facility, (b) a $25.0 million United States dollar-denominated revolving credit facility available in United States dollars or Canadian dollars and (c) a €185.9 million euro-denominated revolving credit facility available in euro, pounds sterling, Japanese yen or Swiss francs. In connection with entering into the Amendment, the Company paid debt issuance costs of $10.9 million (of which $4.6 million was expensed as debt modification costs and $6.3 million is being amortized over the term of the related debt agreement) and recorded debt extinguishment costs of $11.2 million to write-off previously capitalized debt issuance costs. The revolving credit facilities also include amounts available for letters of credit. As of July 31, 2016, the Company had $24.1 million of outstanding letters of credit. There were no borrowings outstanding under the revolving credit facilities. A portion of each of the United States dollar-denominated revolving credit facilities is also available for the making of swingline loans. The issuance of such letters of credit and the making of any swingline loan reduces the amount available under the applicable revolving credit facility. So long as certain conditions are satisfied, the Company may add one or more term loan facilities or increase the commitments under the revolving credit facilities by an aggregate amount not to exceed the sum of (1) the sum of (x) $1,350.0 million plus (y) the aggregate amount of all voluntary prepayments of loans under the Term Loan A and the revolving credit facilities (to the extent, in the case of voluntary prepayments of loans under the revolving credit facilities, there is an equivalent permanent reduction of the revolving commitments) plus (z) an amount equal to the aggregate revolving commitments of any defaulting lender (to the extent the commitments with respect thereto have been terminated) and (2) an additional unlimited amount as long as the ratio of the Company’s senior secured net debt to consolidated adjusted earnings before interest, taxes, depreciation and amortization (in each case calculated as set forth in the documentation relating to the 2016 facilities) would not exceed 3 to 1 after giving pro forma effect to the incurrence of such increase. The lenders under the 2016 facilities are not required to provide commitments with respect to such additional facilities or increased commitments. The terms of the Term Loan A facility require the Company to make quarterly repayments of amounts outstanding under the 2016 facilities, which commenced with the calendar quarter ended June 30, 2016. Such amounts equal 5.00% per annum of the principal amount outstanding on the Amendment Date for the first eight calendar quarters following the Amendment Date, 7.50% per annum of the principal amount for the four quarters thereafter and 10.00% per annum of the principal amount for the remaining quarters, in each case paid in equal installments and in each case subject to certain customary adjustments, with the balance due on the maturity date of the Term Loan A facility. The Company made payments of $201.2 million and $165.7 million during the twenty-six weeks ended July 31, 2016 and August 2, 2015, respectively, on its term loans under the 2014 and 2016 facilities. As a result of the voluntary repayments made by the Company, as of July 31, 2016, the Company had satisfied its mandatory long-term debt repayment requirements for the next twelve months. The Company had term loans outstanding of $2,187.3 million, net of original issue discounts and debt issuance costs, as of July 31, 2016. The Company’s obligations under the 2016 facilities are guaranteed by substantially all of its existing and future direct and indirect United States subsidiaries, with certain exceptions. Obligations of the European borrower under the 2016 facilities are guaranteed by the Company, substantially all of the Company’s existing and future direct and indirect United States subsidiaries (with certain exceptions) and Tommy Hilfiger Europe B.V., one of the Company’s wholly owned subsidiaries. The Company and its United States subsidiary guarantors have pledged certain of their assets as security for the obligations under the 2016 facilities. The outstanding borrowings under the 2016 facilities are prepayable at any time without penalty (other than customary breakage costs). The terms of the 2016 facilities require the Company to repay certain amounts outstanding thereunder with (a) net cash proceeds of the incurrence of certain indebtedness, (b) net cash proceeds of certain asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds, to the extent such proceeds are not reinvested or committed to be reinvested in the business in accordance with customary reinvestment provisions, and (c) a percentage of excess cash flow that exceeds the voluntary debt payments the Company has made during the applicable year, which percentage is based upon its net leverage ratio during the relevant fiscal period. The United States dollar-denominated borrowings under the 2016 facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a base rate determined by reference to the greater of (i) the prime rate, (ii) the United States federal funds rate plus 1/2 of 1.00% and (iii) a one-month adjusted Eurocurrency rate plus 1.00% or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the 2016 facilities. The Canadian dollar-denominated borrowings under the 2016 facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a Canadian prime rate determined by reference to the greater of (i) the rate of interest per annum that Royal Bank of Canada establishes at its main office in Toronto, Ontario as the reference rate of interest in order to determine interest rates for loans in Canadian dollars to its Canadian borrowers and (ii) the sum of (x) the average of the rates per annum for Canadian dollar bankers’ acceptances having a term of one month that appears on the display referred to as “CDOR Page” of Reuters Monitor Money Rate Services as of 10:00 a.m. (Toronto time) on the date of determination, as reported by the administrative agent (and if such screen is not available, any successor or similar service as may be selected by the administrative agent), and (y) 0.75%, or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the 2016 facilities. The borrowings under the 2016 facilities in currencies other than United States dollars or Canadian dollars bear interest at a rate equal to an applicable margin plus an adjusted Eurocurrency rate, calculated in a manner set forth in the 2016 facilities. The current applicable margin with respect to the Term Loan A facility and each revolving credit facility is 1.50% for adjusted Eurocurrency rate loans and 0.50% for base rate loans, respectively. After the date of delivery of the compliance certificate and financial statements with respect to each of the Company’s fiscal quarters, the applicable margin for borrowings under the Term Loan A facility and the revolving credit facilities is subject to adjustment based upon the Company’s net leverage ratio. The 2016 facilities contain customary events of default, including but not limited to nonpayment; material inaccuracy of representations and warranties; violations of covenants; certain bankruptcies and liquidations; cross-default to material indebtedness; certain material judgments; certain events related to the Employee Retirement Income Security Act of 1974, as amended; certain events related to certain of the guarantees by the Company and certain of its subsidiaries, and certain pledges of the Company’s assets and those of certain of the Company’s subsidiaries, as security for the obligations under the 2016 facilities; and a change in control (as defined in the 2016 facilities). During the second quarter of 2014, the Company entered into an interest rate cap agreement for an 18-month term commencing on August 18, 2014. The agreement was designed with the intended effect of capping the interest rate on an initial notional amount of $514.2 million of the Company’s variable rate debt obligation under the 2014 facilities or any replacement facility with similar terms. Under the terms of this agreement, the one-month LIBOR that the Company paid was capped at a rate of 1.50%. Therefore, the maximum amount of interest that the Company would have paid on the then-outstanding notional amount was at the 1.50% capped rate, plus the current applicable margin. The agreement expired on February 17, 2016. During the second quarter of 2014, the Company entered into an interest rate swap agreement for a two-year term commencing on February 17, 2016. The agreement was designed with the intended effect of converting an initial notional amount of $682.6 million of the Company’s variable rate debt obligation under the 2014 facilities or any replacement facility with similar terms, including the 2016 facilities, to fixed rate debt. Such agreement remains outstanding with a notional amount of $665.3 million as of July 31, 2016, and is now converting a portion of the Company’s variable rate debt obligation under the 2016 facilities to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the one-month LIBOR is eliminated and the Company will pay a weighted average fixed rate of 1.924%, plus the current applicable margin. During the second quarter of 2013, the Company entered into an interest rate swap agreement for a three-year term commencing on August 19, 2013. The agreement was designed with the intended effect of converting an initial notional amount of $1,228.8 million of the Company’s variable rate debt obligation under the Company’s previously outstanding facilities or any replacement facility with similar terms, including the 2016 facilities, to fixed rate debt. Such agreement remained outstanding with a notional amount of $427.4 million as of July 31, 2016, and was converting a portion of the Company’s variable rate debt obligation under the 2016 facilities to fixed rate debt. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the one-month LIBOR was eliminated and the Company paid a fixed rate of 0.604%, plus the current applicable margin. The agreement expired on August 17, 2016. The notional amount of any outstanding interest rate swap will be adjusted according to a pre-set schedule during the term of the applicable swap agreement such that, based on the Company’s projections for future debt repayments, the Company’s outstanding debt under the Term Loan A facility is expected to always equal or exceed the combined notional amount of the then-outstanding interest rate swaps. The 2016 facilities also contain covenants that restrict the Company’s ability to finance future operations or capital needs, to take advantage of other business opportunities that may be in its interest or to satisfy its obligations under its other outstanding debt. These covenants restrict its ability to, among other things:
The 2016 facilities require the Company to comply with certain financial covenants, including minimum interest coverage and maximum net leverage. A breach of any of these operating or financial covenants would result in a default under the applicable facility. If an event of default occurs and is continuing, the lenders could elect to declare all amounts then outstanding, together with accrued interest, to be immediately due and payable which would result in acceleration of its other debt. If the Company were unable to repay any such borrowings when due, the lenders could proceed against their collateral, which also secures some of the Company’s other indebtedness. 4 1/2% Senior Notes Due 2022 On December 20, 2012, the Company issued $700.0 million principal amount of 4 1/2% senior notes due December 15, 2022. The Company paid $16.3 million of fees during 2013 in connection with the issuance of these notes, which are amortized over the term of the notes. The Company may redeem some or all of these notes at any time prior to December 15, 2017 by paying a “make whole” premium plus any accrued and unpaid interest. In addition, the Company may redeem some or all of these notes on or after December 15, 2017 at specified redemption prices plus any accrued and unpaid interest. The Company’s ability to pay cash dividends and make other restricted payments is limited, in each case, over specified amounts as defined in the indenture governing the notes. 7 3/4% Debentures Due 2023 The Company has outstanding $100.0 million of debentures due November 15, 2023 with a yield to maturity of 7.80%. The debentures accrue interest at the rate of 7 3/4%. Pursuant to the indenture governing the debentures, the Company must maintain a certain level of stockholders’ equity in order to pay cash dividends and make other restricted payments, as defined in the indenture governing the debentures. 3 5/8% Senior Notes Due 2024 On June 20, 2016, the Company issued €350.0 million euro-denominated principal amount of 3 5/8% senior notes due July 15, 2024. Interest on the notes is payable in euros. The Company paid €6.4 million (approximately $7.3 million based on exchange rates in effect on the payment date) of fees during the second quarter of 2016 in connection with the issuance of these notes, which are amortized over the term of the notes. The Company may redeem some or all of these notes at any time prior to April 15, 2024 by paying a “make whole” premium plus any accrued and unpaid interest. In addition, the Company may redeem some or all of these notes on or after April 15, 2024 at their principal amount plus any accrued and unpaid interest. Substantially all of the Company’s assets have been pledged as collateral to secure the Company’s obligations under its senior secured credit facilities, the 7 3/4% debentures due 2023 and contingent purchase price payments to Mr. Calvin Klein as discussed in Note 7, “Goodwill.” |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES |
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Jul. 31, 2016 | |
Notes to Financial Statements [Abstract] | |
INCOME TAXES | INCOME TAXES The effective income tax rates for the thirteen weeks ended July 31, 2016 and August 2, 2015 were 21.2% and 19.0%, respectively. The effective income tax rates for the twenty-six weeks ended July 31, 2016 and August 2, 2015 were 15.3% and 20.8%, respectively. The effective income tax rates for the thirteen and twenty-six weeks ended July 31, 2016 were lower than the United States statutory rate due to the benefit of lower tax rates in international jurisdictions where the Company files tax returns. Also contributing to the lower effective income tax rate for the twenty-six weeks ended July 31, 2016 was the benefit of certain discrete items, including the lower tax rate applicable to the pre-tax gain recorded to write-up the Company’s existing equity investment in TH China to fair value. The effective income tax rates for the thirteen and twenty-six weeks ended August 2, 2015 were lower than the United States statutory rate due to the benefit of lower tax rates in international jurisdictions where the Company files tax returns. |
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DERIVATIVE FINANCIAL INSTRUMENTS |
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Notes to Financial Statements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS | DERIVATIVE FINANCIAL INSTRUMENTS Cash Flow Hedges The Company has exposure to changes in foreign currency exchange rates related to anticipated cash flows associated with certain international inventory purchases. The Company periodically uses foreign currency forward exchange contracts to hedge against a portion of this exposure. The Company also has exposure to interest rate volatility related to its term loans under the 2016 facilities. The Company has entered into interest rate swap agreements to hedge against a portion of this exposure. The Company had also entered into an interest rate cap agreement, which expired on February 17, 2016. Please see Note 9, “Debt,” for a further discussion of the Company’s facilities and these agreements. The Company records the foreign currency forward exchange contracts and interest rate contracts at fair value in its Consolidated Balance Sheets, and does not net the related assets and liabilities. Changes in fair value of the foreign currency forward exchange contracts associated with certain international inventory purchases and the interest rate contracts that are designated as effective hedging instruments (collectively referred to as “cash flow hedges”) are recorded in equity as a component of accumulated other comprehensive loss (“AOCL”). The cash flows from such hedges are presented in the same category in the Company’s Consolidated Statements of Cash Flows as the items being hedged. No amounts were excluded from effectiveness testing. There was no ineffective portion of cash flow hedges during the twenty-six weeks ended July 31, 2016 and August 2, 2015. Net Investment Hedge The Company has exposure to changes in foreign currency exchange rates related to the value of its investments in foreign subsidiaries denominated in a currency other than the United States dollar. To hedge against a portion of this exposure, during the second quarter of 2016, the Company designated the carrying amount of its €350.0 million euro-denominated principal amount of 3 5/8% senior notes due 2024 (the “foreign currency borrowings”) that it had issued in the United States as a net investment hedge of its investments in certain of its foreign subsidiaries that use the euro as their functional currency. Please see Note 9, “Debt,” for a further discussion of the Company’s foreign currency borrowings. The Company records the foreign currency borrowings at carrying value in its Consolidated Balance Sheets. The carrying value of the foreign currency borrowings is remeasured as of the end of each reporting period to reflect changes in the foreign currency exchange spot rate. Since the foreign currency borrowings are designated as a net investment hedge, such remeasurement is recorded in equity as a component of AOCL. As of July 31, 2016, the fair value and the carrying value of the foreign currency borrowings designated as a net investment hedge was $406.5 million and $381.9 million, respectively. The Company evaluates the effectiveness of its net investment hedge as of the beginning of each quarter. No amounts were excluded from effectiveness testing. There was no ineffective portion of the net investment hedge during the twenty-six weeks ended July 31, 2016. Undesignated Contracts The Company records immediately in earnings changes in the fair value of hedges that are not designated as effective hedging instruments (“undesignated contracts”), including all of the foreign currency forward exchange contracts related to intercompany loans that are not of a long-term investment nature. Any gains and losses that are immediately recognized in earnings on such contracts related to intercompany loans are largely offset by the remeasurement of the underlying intercompany loan balances. In addition, the Company has exposure to changes in foreign currency exchange rates related to the translation of the earnings of its subsidiaries denominated in a currency other than the United States dollar. To hedge against a portion of this exposure, the Company entered into several foreign currency option contracts during the second quarter of 2016. These contracts represent the Company’s purchase of euro put/United States dollar call options. In connection with the foreign currency option contracts, the Company paid a cash premium of $1.1 million during the second quarter of 2016. The Company’s foreign currency option contracts are also undesignated contracts. As such, the changes in the fair value of these foreign currency option contracts are recognized immediately in earnings. This mitigates the effect of a strengthening United States dollar against the euro on the reporting of the Company’s euro-denominated earnings. The Company does not use derivative or non-derivative financial instruments for trading or speculative purposes. The following table summarizes the fair value and presentation of the Company’s derivative financial instruments in its Consolidated Balance Sheets:
At July 31, 2016, the notional amount outstanding of foreign currency forward exchange contracts and foreign currency option contracts was $925.9 million and $50.0 million, respectively. Such contracts expire principally between August 2016 and January 2018. The following table summarizes the effect of the Company’s hedges designated as cash flow and net investment hedging instruments:
A net loss in AOCL on foreign currency forward exchange contracts at July 31, 2016 of $1.6 million is estimated to be reclassified in the next 12 months in the Company’s Consolidated Income Statement to costs of goods sold as the underlying inventory hedged by such forward exchange contracts is sold. In addition, a net loss in AOCL for interest rate contracts at July 31, 2016 of $12.5 million is estimated to be reclassified to interest expense within the next 12 months. Amounts recognized in AOCL for foreign currency borrowings would be recognized in earnings only upon the sale or liquidation of the hedged net investment. The following table summarizes the effect of the Company’s undesignated contracts:
The Company had no derivative financial instruments with credit risk-related contingent features underlying the related contracts as of July 31, 2016. |
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- References No definition available.
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE MEASUREMENTS |
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Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS FASB guidance for fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It also establishes a three level hierarchy that prioritizes the inputs used to measure fair value. The three levels of the hierarchy are defined as follows: Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 – Observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data. Level 3 – Unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available. 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:
The fair value of the foreign currency forward exchange contracts is measured as the total amount of currency to be purchased, multiplied by the difference between (i) the forward rate as of the period end and (ii) the settlement rate specified in each contract. The fair values of the interest rate contracts are based on observable interest rate yield curves and represent the expected discounted cash flows underlying the financial instruments. The fair value of the foreign currency option contracts is estimated based on external valuation models, which do not involve management judgment and use the original strike price, current foreign currency exchange rates, the implied volatility in foreign currency exchange rates and length of time to expiration as inputs. Pursuant to the agreement governing the reacquisition of the rights in India to the Tommy Hilfiger trademarks (which the Company entered into in September 2011 in connection with its acquisition of its 50% ownership of TH India), the Company is required to make annual contingent purchase price payments based on a percentage of sales of Tommy Hilfiger products in India in excess of an agreed upon threshold during each of five consecutive 12-month periods (extended to a sixth consecutive 12-month period if the aggregate payments for the five 12-month periods are not at least $15.0 million, which will be the case). Such payments are subject to a $25.0 million aggregate maximum and are due within 60 days following each one-year period. The Company made annual contingent purchase price payments of $0.6 million, $0.6 million, $0.4 million and $0.2 million during 2015, 2014, 2013 and 2012, respectively. The Company is required to remeasure this liability at fair value on a recurring basis and classifies this as a Level 3 measurement. The fair value of such liability was determined using the discounted cash flow method, based on net sales projections for the Tommy Hilfiger apparel and accessories businesses in India, and was discounted using rates of return that account for the relative risks of the estimated future cash flows. Excluding the initial recognition of the liability for the contingent purchase price payments and payments made to reduce the liability, changes in the fair value are included within selling, general and administrative expenses in the Company’s Consolidated Income Statements. The following table presents the change in the Level 3 contingent purchase price payment liability during the twenty-six weeks ended July 31, 2016 and August 2, 2015:
Additional information with respect to assumptions used to value the contingent purchase price payment liability as of July 31, 2016 is as follows:
A five percentage point increase or decrease in the discount rate or the compounded annual net sales growth rate would result in an immaterial change to the liability. There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements. The following table shows the fair value of the Company’s non-financial assets and liabilities that were required to be remeasured at fair value on a nonrecurring basis during the twenty-six weeks ended August 2, 2015, and the total impairments recorded as a result of the remeasurement process:
Long-lived assets with a carrying amount of $1.6 million were written down to a fair value of zero during the twenty-six weeks ended August 2, 2015 in connection with the financial performance in one of the Company’s Calvin Klein retail stores in North America. Fair value was determined based on the estimated future operating results reflecting poor year-to-date performance and sales trends. The impairment charge was included in selling, general and administrative expenses in the Calvin Klein North America segment. In connection with the Company’s acquisition in April 2016 of the 55% of the ownership interests in TH China that it did not already own, the 45% interest in TH China owned by the Company was remeasured to a fair value of $205.6 million, resulting in the recognition of a pre-tax noncash gain of $153.1 million in the twenty-six weeks ended July 31, 2016. The Company classifies this as a Level 3 measurement. Please see Note 3, “Acquisitions,” for a further discussion. The Company guaranteed lease payments for substantially all G. H. Bass & Co. (“Bass”) retail stores included in the sale of substantially all of the assets of the Company’s Bass business in the fourth quarter of 2013 pursuant to the terms of noncancelable leases expiring on various dates through 2022. These guarantees include minimum rent payments and relate to leases that commenced prior to the sale of the Bass assets. In certain instances, the Company’s guarantee remains in effect when an option is exercised to extend the term of the lease. The estimated fair value of these guarantee obligations as of July 31, 2016, January 31, 2016 and August 2, 2015 was $1.6 million, $1.9 million and $2.6 million, respectively, which was included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. The Company classifies these as Level 3 measurements. The fair value of such guarantee obligations was determined using the discounted cash flow method, based on the guaranteed lease payments, the estimated probability of lease extensions and estimates of the risk of default by the buyer of the Bass assets, and was discounted using rates of return that account for the relative risks of the estimated future cash flows. The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of July 31, 2016, January 31, 2016 and August 2, 2015 were as follows:
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 quarter. 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. |
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- References No definition available.
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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCK-BASED COMPENSATION |
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION The Company grants stock-based awards under its 2006 Stock Incentive Plan (the “2006 Plan”). The 2006 Plan replaced certain other prior stock option plans. These other plans terminated upon the 2006 Plan’s initial stockholder approval in June 2006. Shares issued as a result of stock-based compensation transactions generally have been funded with the issuance of new shares of the Company’s common stock. The Company may grant the following types of incentive awards under the 2006 Plan: (i) non-qualified stock options (“NQs”); (ii) incentive stock options (“ISOs”); (iii) stock appreciation rights; (iv) restricted stock; (v) restricted stock units (“RSUs”); (vi) performance shares and performance share units (“PSUs”); and (vii) other stock-based awards. Each award granted under the 2006 Plan is subject to an award agreement that incorporates, as applicable, the exercise price, the term of the award, the periods of restriction, the number of shares to which the award pertains, performance periods and performance measures, and such other terms and conditions as the plan committee determines. Through July 31, 2016, the Company has granted under the 2006 Plan (i) service-based NQs, RSUs and restricted stock; (ii) contingently issuable PSUs; and (iii) RSUs that are intended to satisfy the performance-based condition for deductibility under Section 162(m) of the Internal Revenue Code. According to the terms of the 2006 Plan, for purposes of determining the number of shares available for grant, each share underlying a stock option award reduces the number available by one share and each share underlying a restricted stock award, RSU or PSU reduces the number available by two shares. The per share exercise price of options granted under the 2006 Plan cannot be less than the closing price of the common stock on the date of grant. Net income for the twenty-six weeks ended July 31, 2016 and August 2, 2015 included $19.5 million and $20.4 million, respectively, of pre-tax expense related to stock-based compensation, with recognized income tax benefits of $5.8 million and $5.0 million, respectively. Stock options currently outstanding are generally exercisable in four equal annual installments commencing one year after the date of grant. The vesting of such options outstanding is also generally accelerated upon retirement (as defined in the 2006 Plan). Such options are granted with a 10-year term. The Company estimates the fair value of stock options granted at the date of grant using the Black-Scholes-Merton model. The estimated fair value of the options, net of estimated forfeitures, is expensed over the options’ vesting periods. The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the twenty-six weeks ended July 31, 2016 and August 2, 2015:
The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected option term. The expected option term represents the weighted average period of time that options granted are expected to be outstanding, based on vesting schedules and the contractual term of the options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected option term. Expected dividends are based on the Company’s common stock cash dividend rate at the date of grant. The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants, mainly due to acquisitions. The Company will continue to evaluate the appropriateness of utilizing such method. Service-based stock option activity for the twenty-six weeks ended July 31, 2016 was as follows:
RSUs granted to employees in 2016 generally vest in four equal annual installments commencing one year after the date of grant. Outstanding RSUs granted to employees prior to 2016 generally vest in three annual installments of 25%, 25% and 50% commencing two years after the date of grant. Service-based RSUs granted to non-employee directors vest in full one year after the date of grant. The underlying RSU award agreements (excluding agreements for non-employee director awards) generally provide for accelerated vesting upon the award recipient’s retirement (as defined in the 2006 Plan). The fair value of service-based RSUs is equal to the closing price of the Company’s common stock on the date of grant and is expensed, net of estimated forfeitures, over the RSUs’ vesting periods. RSU activity for the twenty-six weeks ended July 31, 2016 was as follows:
The Company granted contingently issuable PSUs to certain of the Company’s senior executives during the first quarter of each of 2013 and 2014. These awards were subject to achievement of an earnings per share goal for the two-year performance period beginning with the year of grant and a service period of one year beyond the certification of performance. For the awards granted in the first quarter of 2014, the two-year performance period has ended and the holders did not earn any shares based on earnings per share growth over the performance period. For the awards granted in the first quarter of 2013, the holders earned an aggregate of 26,000 shares, which were paid out in the first quarter of 2016. For such awards, the Company recorded expense ratably over each applicable vesting period based on fair value and the Company’s expectations of the probable number of shares to be issued. The fair value of these contingently issuable PSUs was equal to the closing price of the Company’s common stock on the date of grant, reduced for the present value of any dividends expected to be paid on the Company’s common stock during the performance cycle, as these contingently issuable PSUs did not accrue dividends prior to the completion of the performance cycle. The Company granted contingently issuable PSUs to certain of the Company’s executives during the second quarter of 2013 and to certain of the Company’s senior executives during the first quarter of each of 2015 and 2016 subject to a three-year performance period. For such awards, the final number of shares to be earned, if any, is contingent upon the Company’s achievement of goals for the applicable performance period, of which 50% is based upon the Company’s absolute stock price growth during the applicable performance period and 50% is based upon the Company’s total shareholder return during the applicable performance period relative to other companies included in the S&P 500 as of the date of grant. For the awards granted in the second quarter of 2013, the performance period ended on May 5, 2016 and the holders did not earn any shares, as the Company did not achieve either of the threshold performance levels required for payout. The Company records expense ratably over the applicable vesting period, net of estimated forfeitures, regardless of whether the market condition is satisfied because the awards are subject to market conditions. The fair value of the awards granted in the first quarter of 2016 and 2015 was established for each grant on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:
Certain of the awards granted in the first quarter of 2016 are subject to a holding period of one year after the vesting date. For such awards, the grant date fair value was discounted 12.99% for the restriction of liquidity. PSU activity for the twenty-six weeks ended July 31, 2016 was as follows:
The Company receives a tax deduction for certain transactions associated with its stock plan awards. The actual income tax benefits realized from these transactions for the twenty-six weeks ended July 31, 2016 and August 2, 2015 were $5.8 million and $9.0 million, respectively. Of those amounts, $0.5 million and $3.4 million, respectively, were reported as excess tax benefits. Excess tax benefits arise when the actual tax benefit resulting from a stock plan award transaction exceeds the tax benefit associated with the grant date fair value of the related stock award. |
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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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ACCUMULATED OTHER COMPREHENSIVE LOSS |
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Accumulated Other Comprehensive Income [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Loss | ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended July 31, 2016:
The following table presents the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended August 2, 2015:
The following table presents reclassifications out of AOCL to earnings for the thirteen and twenty-six weeks ended July 31, 2016 and August 2, 2015:
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- Definition Accumulated Other Comprehensive Income [Abstract] No definition available.
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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCKHOLDERS' EQUITY |
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Jul. 31, 2016 | |
Stockholders' Equity Attributable to Parent [Abstract] | |
STOCKHOLDER'S EQUITY | STOCKHOLDERS’ EQUITY The Company’s Board of Directors authorized a $500.0 million three-year stock repurchase program effective June 3, 2015. Repurchases under the program may be made from time to time over the period through open market purchases, accelerated share repurchase programs, privately negotiated transactions or other methods, as the Company deems appropriate. Purchases are made based on a variety of factors, such as price, corporate requirements and overall market conditions, applicable legal requirements and limitations, restrictions under the Company’s debt arrangements, trading restrictions under the Company’s insider trading policy and other relevant factors. The program may be modified, including to increase or decrease the repurchase limitation or extend, suspend, or terminate the program, at any time, without prior notice. During the twenty-six weeks ended July 31, 2016, the Company purchased approximately 1.4 million shares of its common stock in open market transactions for $129.2 million (2.8 million shares for $255.4 million since inception) under the program. As of July 31, 2016, the repurchased shares were held as treasury stock and $244.6 million of the authorization remained available for future share repurchases. Treasury stock activity also includes shares that were withheld in conjunction with the settlement of vested RSUs, PSUs and restricted stock to satisfy tax withholding requirements. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NET INCOME PER COMMON SHARE |
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Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NET INCOME PER COMMON SHARE | NET INCOME PER COMMON SHARE The Company computed its basic and diluted net income per common share as follows:
Potentially dilutive securities excluded from the calculation of diluted net income per common share as the effect would be anti-dilutive were as follows:
Shares underlying contingently issuable awards that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income per common share for that period. The Company had contingently issuable awards outstanding that did not meet the performance conditions as of July 31, 2016 and August 2, 2015 and, therefore, were excluded from the calculation of diluted net income per common share for the thirteen and twenty-six weeks ended July 31, 2016 and August 2, 2015. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.2 million and 0.8 million as of July 31, 2016 and August 2, 2015, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above. |
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- References No definition available.
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NONCASH INVESTING AND FINANCING TRANSACTIONS |
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Jul. 31, 2016 | |
Notes to Financial Statements [Abstract] | |
NONCASH INVESTING AND FINANCING TRANSACTIONS | NONCASH INVESTING AND FINANCING TRANSACTIONS During the twenty-six weeks ended July 31, 2016 and August 2, 2015, the Company recorded increases to goodwill of $23.6 million and $22.0 million, respectively, related to liabilities incurred for contingent purchase price payments to Mr. Calvin Klein. Such amounts are not due or paid in cash until 45 days subsequent to the Company’s applicable quarter end. As such, during the twenty-six weeks ended July 31, 2016 and August 2, 2015, the Company paid $25.2 million and $23.9 million, respectively, in cash related to contingent purchase price payments to Mr. Calvin Klein that were recorded as additions to goodwill during the periods the liabilities were incurred. Omitted from purchases of property, plant and equipment in the Company’s Consolidated Statements of Cash Flows for the twenty-six weeks ended July 31, 2016 and August 2, 2015 are $2.4 million and $3.1 million, respectively, of assets acquired through capital leases. Omitted from acquisition of treasury shares in the Company’s Consolidated Statement of Cash Flows for the twenty-six weeks ended July 31, 2016 is $2.0 million of shares repurchased under the stock repurchase program for which the trade occurred but remained unsettled as of July 31, 2016. During the second quarter of 2016, the Company recorded a loss of $11.2 million to write-off previously capitalized debt issuance costs in connection with the amendment of its credit facilities. During the first quarter of 2016, the Company completed the acquisition of TH China. Included in the acquisition consideration was the elimination of a $2.8 million pre-acquisition receivable owed to the Company by TH China. |
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- Definition This text block relates to noncash investing and/orfinancing activities that occurred during the accounting period. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. No definition available.
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- References No definition available.
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SEGMENT DATA |
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Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEGMENT DATA | SEGMENT DATA The Company manages its operations through its operating divisions, which are presented as six reportable segments: (i) Calvin Klein North America; (ii) Calvin Klein International; (iii) Tommy Hilfiger North America; (iv) Tommy Hilfiger International; (v) Heritage Brands Wholesale; and (vi) Heritage Brands Retail. Calvin Klein North America Segment - This segment consists of the Company’s Calvin Klein North America division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale in North America, primarily to department and specialty stores and e-commerce sites operated by key department store customers and pure play e-commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in North America, and e-commerce sites in North America, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein, Calvin Klein Collection and Calvin Klein Platinum for a broad array of products and retail services in North America. Calvin Klein International Segment - This segment consists of the Company’s Calvin Klein International division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale principally in Europe, Asia and Brazil, primarily to department and specialty stores, e-commerce sites operated by key department store customers and pure play e-commerce retailers, franchisees of Calvin Klein, distributors and licensees; (ii) operating retail stores and e-commerce sites in Europe, Asia and Brazil, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the brand names Calvin Klein Collection, Calvin Klein Platinum and Calvin Klein for a broad array of products and retail services outside of North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in unconsolidated Calvin Klein foreign affiliates in Australia and India. Tommy Hilfiger North America Segment - This segment consists of the Company’s Tommy Hilfiger North America division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale in North America, primarily to department stores, principally Macy’s, Inc. and Hudson’s Bay Company, as well as e-commerce sites operated by key department store customers and pure play e-commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in North America, and e-commerce sites in North America, which sell Tommy Hilfiger branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the Tommy Hilfiger brand name for a broad array of products in North America. Tommy Hilfiger International Segment - This segment consists of the Company’s Tommy Hilfiger International division. This segment derives revenue principally from (i) marketing Tommy Hilfiger branded apparel and related products at wholesale principally in Europe and China, primarily to department and specialty stores, e-commerce sites operated by key department store customers and pure play e-commerce retailers, franchisees of Tommy Hilfiger, distributors and licensees; (ii) operating retail stores in Europe, China and Japan and international e-commerce sites, which sell Tommy Hilfiger branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the Tommy Hilfiger brand name for a broad array of products outside of North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in unconsolidated Tommy Hilfiger foreign affiliates in Brazil, India and Australia. This segment included the Company’s proportionate share of the net income or loss of its investment in TH China until April 13, 2016, on which date the Company acquired the remaining interests that it did not already own and began to consolidate the operations as a wholly owned subsidiary of the Company. Please see Note 3, “Acquisitions,” for a further discussion. Heritage Brands Wholesale Segment - This segment consists of the Company’s Heritage Brands Wholesale division. This segment derives revenue primarily from marketing to department, chain and specialty stores and, to a lesser extent, e-commerce sites operated by key department store customers and pure play e-commerce retailers in North America of (i) dress shirts, neckwear and underwear under various owned and licensed brand names, including several private label brands; (ii) men’s sportswear principally under the brand names Van Heusen, IZOD and ARROW; (iii) swimwear, fitness apparel, swim accessories and related products under the brand name Speedo; and (iv) women’s intimate apparel under the brand names Warner’s and Olga. This segment also includes the Company’s proportionate share of the net income or loss of its investment in its unconsolidated Heritage Brands foreign affiliate in Australia. Heritage Brands Retail Segment - This segment consists of the Company’s Heritage Brands Retail division. This segment derives revenue principally from operating retail stores, primarily located in outlet centers in North America, which primarily sell apparel, accessories and related products under the brand names Van Heusen and IZOD. The Company exited the Izod retail business in the third quarter of 2015 but continues to sell a limited selection of IZOD Golf apparel in some of its Van Heusen retail stores. The Company also sells Warner’s products on a limited basis in some of its Van Heusen retail stores. The following tables present summarized information by segment:
Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the Calvin Klein North America segment and the Tommy Hilfiger North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage on ending inventory is eliminated principally in the Heritage Brands Retail segment and the Calvin Klein North America segment. |
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- References No definition available.
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GUARANTEES |
6 Months Ended |
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Jul. 31, 2016 | |
Guarantees [Abstract] | |
GUARANTEES | GUARANTEES The Company guaranteed lease payments for substantially all Bass retail stores included in the sale of substantially all of the assets of the Company’s Bass business in the fourth quarter of 2013 pursuant to the terms of noncancelable leases expiring on various dates through 2022. These guarantees include minimum rent payments and relate to leases that commenced prior to the sale of the Bass assets. In certain instances, the Company’s guarantee remains in effect when an option is exercised to extend the term of the lease. The maximum amount guaranteed for all leases as of July 31, 2016 was $34.3 million and the Company has the right to seek recourse from the buyer of the Bass assets for the full amount. The estimated fair value of these guarantee obligations as of July 31, 2016, January 31, 2016 and August 2, 2015 was $1.6 million, $1.9 million and $2.6 million, respectively, which was included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. Please see Note 12, “Fair Value Measurements,” for a further discussion. In connection with the Company’s investments in PVH Australia and CK India, the Company has guaranteed a portion of the entities’ debt and other obligations. The maximum amount guaranteed as of July 31, 2016 was approximately $7.9 million, which is subject to exchange rate fluctuation. The guarantees are in effect for the entire terms of the respective obligations. The estimated fair value of these guarantee obligations was immaterial as of July 31, 2016, January 31, 2016 and August 2, 2015. The Company has certain other guarantees whereby it guaranteed the payment of amounts on behalf of certain other parties, none of which are material individually or in the aggregate. |
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- References No definition available.
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- Definition The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. No definition available.
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RECENT ACCOUNTING GUIDANCE |
6 Months Ended |
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Jul. 31, 2016 | |
Notes to Financial Statements [Abstract] | |
RECENT ACCOUNTING GUIDANCE | RECENT ACCOUNTING GUIDANCE The FASB issued in May 2014 guidance that supersedes most of the current revenue recognition requirements. The core principle of the new guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. New disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers are also required. In August 2015, the FASB approved a one year delay to the required adoption date of the standard, which makes it effective for the Company no later than the first quarter of 2018, with adoption in 2017 permitted. In 2016, the FASB issued final amendments to clarify the implementation guidance related to principal versus agent considerations, identifying performance obligations and the accounting for licenses of intellectual property. The new standard is required to be applied retrospectively to each prior reporting period or retrospectively with the cumulative effect of initially applying the standard recognized at the date of initial application. The Company has not yet selected a transition method and is currently evaluating the standard to determine the impact of adoption on the Company’s consolidated financial statements. The FASB issued in November 2015 an update to accounting guidance to simplify the presentation of deferred income taxes. The guidance requires an entity to classify all deferred tax liabilities and assets as noncurrent in the balance sheet. The Company elected to early adopt this guidance during the fourth quarter of 2015 on a retrospective basis, which resulted in decreases to other current assets of $96.0 million and other liabilities of $87.5 million and an increase to other assets of $8.5 million as of August 2, 2015. The FASB issued in April 2015 an update to accounting guidance related to debt issuance costs. The guidance requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the presentation of debt discounts. The Company adopted this guidance during the first quarter of 2016 on a retrospective basis, which resulted in decreases to prepaid expenses of $8.1 million and $8.1 million as of January 31, 2016 and August 2, 2015, respectively, and other assets of $14.5 million and $17.3 million as of January 31, 2016 and August 2, 2015, respectively, both with corresponding decreases in debt. The FASB issued in April 2015 an update to accounting guidance related to retirement benefits. This guidance provides a practical expedient which allows a company with fiscal years that do not fall on a calendar month-end to measure defined benefit plan assets and obligations using the month end that is closest to the company’s fiscal year end. If elected, this guidance should be applied consistently from year to year for all plans. The guidance became effective in the first quarter of 2016. Prospective application is required. The Company does not currently anticipate changing its measurement date under this guidance. The FASB issued in July 2015 an update to accounting guidance to simplify the measurement of inventory. Currently, all inventory is measured at the lower of cost or market. The new guidance requires an entity to measure inventory within the scope of the guidance at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less reasonably predictable costs of completion, disposal and transportation. The new guidance does not apply to inventory measured using last-in, first-out or the retail inventory methods. This guidance will be effective for the Company in the first quarter of 2017, with early adoption permitted. Prospective application is required. The adoption is not expected to have a material impact on the Company’s consolidated financial statements. The FASB issued in January 2016 an update to accounting guidance for the recognition and measurement of financial instruments. The new guidance requires equity investments that are not accounted for under the equity method of accounting to be measured at fair value with changes recognized in net income and updates certain presentation and disclosure requirements. The guidance will be effective for the Company in the first quarter of 2018 with limited early application permitted. The adoption is not expected to have a material impact on the Company’s consolidated financial statements. The FASB issued in February 2016 a new accounting standard on leases. The new standard, among other changes, will require lessees to recognize a right-of-use asset and a lease liability in the balance sheet for all leases. The lease liability will be measured at the present value of the lease payments over the lease term. The right-of-use asset will be measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee’s initial direct costs (e.g., commissions). The guidance will be effective for the Company in the first quarter of 2019 with early application permitted. The adoption will require a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest period presented. The Company is currently evaluating the standard to determine the impact of the adoption on the Company’s consolidated financial statements but expects that it will result in a significant increase to its other assets and other liabilities. The FASB issued in March 2016 an update to accounting guidance to simplify several aspects of the accounting for share-based payment award transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. The guidance will be effective for the Company in the first quarter of 2017, with early application permitted. The Company is currently evaluating the standard to determine the impact of the adoption on the Company’s consolidated financial statements. |
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- References No definition available.
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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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OTHER |
6 Months Ended |
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Jul. 31, 2016 | |
Other [Abstract] | |
Other [Text Block] | OTHER On May 19, 2016, the Company announced that it had entered into an agreement with Grupo Axo, S.A.P.I. de C.V. (“Grupo Axo”) to form a joint venture that will license from wholly owned subsidiaries of the Company the rights to distribute in Mexico certain Calvin Klein, Tommy Hilfiger, Warner’s, Olga and Speedo brand products. The joint venture will be formed by merging the wholly owned Mexico subsidiary of the Company that operates the Calvin Klein and Heritage Brands businesses in Mexico with the wholly owned subsidiary of Grupo Axo that distributes Tommy Hilfiger brand products in Mexico. In connection with this contribution, the Company would deconsolidate its Mexico subsidiary and, as a result, it may recognize a gain or loss on such transaction. The gain or loss would be measured as the difference between the fair value of the retained equity method interest and the sum of (i) the carrying value of the net assets of the subsidiary, including any foreign currency translation adjustments recorded in AOCL, and (ii) the cash contributed to the joint venture. The closing is subject to closing conditions, including regulatory approval. |
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- Definition Other [Abstract] No definition available.
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- Definition Other No definition available.
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GENERAL (Policies) |
6 Months Ended |
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Jul. 31, 2016 | |
General [Abstract] | |
Fiscal Period | The Company’s fiscal years are based on the 52-53 week periods ending on the Sunday closest to February 1 of each calendar year and are designated by the calendar year in which the fiscal year commences. |
Consolidation, Policy [Text Block] | The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. Please see Note 6, “Investments in Unconsolidated Affiliates,” for a further discussion. |
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- Definition General [Abstract] No definition available.
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- Definition Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GOODWILL (Tables) |
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Goodwill [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Goodwill [Table Text Block] | The changes in the carrying amount of goodwill for the twenty-six weeks ended July 31, 2016, by segment (please see Note 18, “Segment Data,” for a further discussion of the Company’s reportable segments), were as follows:
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- Definition Goodwill [Abstract] No definition available.
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RETIREMENT AND BENEFIT PLANS (Tables) |
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Schedule of Net Benefit Costs [Table Text Block] | Net benefit cost related to the Company’s Pension Plans was recognized in selling, general and administrative expenses in the Company’s Consolidated Income Statements as follows:
Net benefit cost related to the Company’s SERP Plans was recognized in selling, general and administrative expenses in the Company’s Consolidated Income Statements as follows:
Net benefit cost related to the Company’s Postretirement Plans was recognized in selling, general and administrative expenses in the Company’s Consolidated Income Statements as follows:
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DEBT (Tables) |
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | The carrying amounts of the Company’s long-term debt were as follows:
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Schedule of Mandatory Long-Term Debt Repayments [Table] | As of July 31, 2016, the Company’s mandatory long-term debt repayments for the next five years were as follows:
Total debt repayments for the next five years exceed the carrying amount of the Company’s Term Loan A facility as of July 31, 2016 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discounts. |
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- References No definition available.
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) |
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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:
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Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following table summarizes the effect of the Company’s hedges designated as cash flow and net investment hedging instruments:
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Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | The following table summarizes the effect of the Company’s undesignated contracts:
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- Definition Derivative Financial Instruments [Abstract] No definition available.
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE MEASUREMENTS (Tables) |
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Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | The following table shows the fair value of the Company’s non-financial assets and liabilities that were required to be remeasured at fair value on a nonrecurring basis during the twenty-six weeks ended August 2, 2015, and the total impairments recorded as a result of the remeasurement process:
Long-lived assets with a carrying amount of $1.6 million were written down to a fair value of zero during the twenty-six weeks ended August 2, 2015 in connection with the financial performance in one of the Company’s Calvin Klein retail stores in North America. Fair value was determined based on the estimated future operating results reflecting poor year-to-date performance and sales trends. The impairment charge was included in selling, general and administrative expenses in the Calvin Klein North America segment. In connection with the Company’s acquisition in April 2016 of the 55% of the ownership interests in TH China that it did not already own, the 45% interest in TH China owned by the Company was remeasured to a fair value of $205.6 million, resulting in the recognition of a pre-tax noncash gain of $153.1 million in the twenty-six weeks ended July 31, 2016. The Company classifies this as a Level 3 measurement. Please see Note 3, “Acquisitions,” for a further discussion. The Company guaranteed lease payments for substantially all G. H. Bass & Co. (“Bass”) retail stores included in the sale of substantially all of the assets of the Company’s Bass business in the fourth quarter of 2013 pursuant to the terms of noncancelable leases expiring on various dates through 2022. These guarantees include minimum rent payments and relate to leases that commenced prior to the sale of the Bass assets. In certain instances, the Company’s guarantee remains in effect when an option is exercised to extend the term of the lease. The estimated fair value of these guarantee obligations as of July 31, 2016, January 31, 2016 and August 2, 2015 was $1.6 million, $1.9 million and $2.6 million, respectively, which was included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. The Company classifies these as Level 3 measurements. The fair value of such guarantee obligations was determined using the discounted cash flow method, based on the guaranteed lease payments, the estimated probability of lease extensions and estimates of the risk of default by the buyer of the Bass assets, and was discounted using rates of return that account for the relative risks of the estimated future cash flows. |
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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:
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Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table presents the change in the Level 3 contingent purchase price payment liability during the twenty-six weeks ended July 31, 2016 and August 2, 2015:
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Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block] | Additional information with respect to assumptions used to value the contingent purchase price payment liability as of July 31, 2016 is as follows:
A five percentage point increase or decrease in the discount rate or the compounded annual net sales growth rate would result in an immaterial change to the liability. |
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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 as of July 31, 2016, January 31, 2016 and August 2, 2015 were as follows:
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 quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement. |
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- Definition Fair Value Measurements [Abstract] No definition available.
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCK-BASED COMPENSATION (Tables) |
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Jul. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block] | The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the twenty-six weeks ended July 31, 2016 and August 2, 2015:
The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected option term. The expected option term represents the weighted average period of time that options granted are expected to be outstanding, based on vesting schedules and the contractual term of the options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected option term. Expected dividends are based on the Company’s common stock cash dividend rate at the date of grant. The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants, mainly due to acquisitions. The Company will continue to evaluate the appropriateness of utilizing such method. |
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Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Service-based stock option activity for the twenty-six weeks ended July 31, 2016 was as follows:
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Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | RSU activity for the twenty-six weeks ended July 31, 2016 was as follows:
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Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block] | The fair value of the awards granted in the first quarter of 2016 and 2015 was established for each grant on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:
Certain of the awards granted in the first quarter of 2016 are subject to a holding period of one year after the vesting date. For such awards, the grant date fair value was discounted 12.99% for the restriction of liquidity. |
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Schedule of Nonvested Performance-based Units Activity [Table Text Block] | PSU activity for the twenty-six weeks ended July 31, 2016 was as follows:
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- Definition Table of Weighted Average Fair Value Assumptions Performance Awards using Monte Carlo Valuation Method [Table Text Block] No definition available.
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACCUMULATED OTHER COMPREHENSIVE LOSS ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) |
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Loss [Table Text Block] | The following table presents the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended July 31, 2016:
The following table presents the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended August 2, 2015:
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Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Loss [Table Text Block] | The following table presents reclassifications out of AOCL to earnings for the thirteen and twenty-six weeks ended July 31, 2016 and August 2, 2015:
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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NET INCOME PER COMMON SHARE (Tables) |
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The Company computed its basic and diluted net income per common share as follows:
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Potentially dilutive securities excluded from the calculation of diluted net income per common share as the effect would be anti-dilutive were as follows:
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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SEGMENT DATA (Tables) |
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Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following tables present summarized information by segment:
Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the Calvin Klein North America segment and the Tommy Hilfiger North America segment. These transfers are recorded at cost plus a standard markup percentage. Such markup percentage on ending inventory is eliminated principally in the Heritage Brands Retail segment and the Calvin Klein North America segment. |
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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GENERAL (Details) |
6 Months Ended |
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Jul. 31, 2016 | |
Fiscal Period [Line Items] | |
Fiscal Year Minimum Week Period | 1 year |
Fiscal Year Maximum Weeks Period | 1 year 7 days |
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- Definition Fiscal Period [Line Items] No definition available.
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- Definition Maximum weeks comprising the Company's fiscal year ending on the Sunday closest to February 1. No definition available.
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- Definition Minimum weeks comprising the Company's fiscal year ending on the Sunday closest to February 1. No definition available.
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GENERAL Warehousing and Distribution (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
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Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
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Warehousing and Distribution [Line Items] | ||||
Warehousing and Distribution Expense | $ 57.4 | $ 53.2 | $ 115.7 | $ 110.7 |
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- Definition Warehousing and Distribution Expense No definition available.
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- Definition [Line Items] for Warehousing and Distribution [Table] No definition available.
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GENERAL Redeemable Non-Controlling Interest (Details) |
Jul. 31, 2016 |
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Noncontrolling Interest [Abstract] | |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 25.00% |
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- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
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- References No definition available.
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ACQUISITIONS (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||
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Apr. 13, 2016 |
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
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Business Acquisition [Line Items] | |||||
Gain to write-up equity investment in joint venture to fair value | $ 0.0 | $ 0.0 | $ 153.1 | $ 0.0 | |
Tommy Hilfiger China Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||
Equity Method Investments, Fair Value Disclosure | $ 265.8 | ||||
Business Combination, Step Acquisition Consideration, Cash | 263.0 | ||||
Pre-Acquisition Accounts Receivable | 2.8 | ||||
Business Combination, Step Acquisition, Total Fair Value | 471.4 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 99.2 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 105.3 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 110.6 | ||||
Goodwill | $ 261.6 | ||||
Tommy Hilfiger China Joint Venture [Member] | |||||
Business Acquisition [Line Items] | |||||
Equity Method Investment, Ownership Percentage | 45.00% | 45.00% | 45.00% | ||
Tommy Hilfiger China Joint Venture [Member] | Tommy Hilfiger China Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||
Carrying Value Prior To Step Acquisition Remeasurement | $ 52.5 | ||||
Equity Method Investments, Fair Value Disclosure | 205.6 | ||||
Gain to write-up equity investment in joint venture to fair value | $ 153.1 | ||||
Licensing Agreements [Member] | Tommy Hilfiger China Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 2 years 8 months 12 days | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 72.0 | ||||
Order or Production Backlog [Member] | Tommy Hilfiger China Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 9 months 18 days | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 26.2 | ||||
Customer Relationships [Member] | Tommy Hilfiger China Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 12.4 |
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- Definition EquityMethodInvestmentsCarryingValuePriorToStepAcquisitionRemeasurement No definition available.
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- Definition Pre-Acquisition Accounts Receivable No definition available.
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- Definition Total Fair Value of Acquired Business No definition available.
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- Definition Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value at acquisition-date of the equity interest in the acquiree held by the acquirer, immediately before the acquisition date for businesses combined in stages. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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ASSETS HELD FOR SALE ASSETS HELD FOR SALE (Details) - Building and Building Improvements [Member] € in Millions, $ in Millions |
Jul. 04, 2016
EUR (€)
|
Jul. 04, 2016
USD ($)
|
Jan. 31, 2016
USD ($)
|
---|---|---|---|
Long Lived Assets Held-for-sale [Line Items] | |||
Proceeds from Sale of Property Held-for-sale | € 15.0 | $ 16.7 | |
Carrying amount of assets held for sale | $ 14.7 | ||
Gain from sale of assets held for sale | $ 1.5 |
X | ||||||||||
- Definition Long Lived Asset Held For Sale, Gain No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The cash inflow from the sale of formerly productive land held for sale, anything permanently fixed to it, including buildings, structures on it, and so forth. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
May 04, 2014 |
Jul. 31, 2016 |
Aug. 02, 2015 |
May 01, 2016 |
Apr. 13, 2016 |
Jan. 31, 2016 |
|
Schedule of Equity Method Investments [Line Items] | ||||||
Investments in unconsolidated affiliates | $ 1.5 | $ 22.6 | ||||
Equity Method Investments | $ 94.6 | 134.7 | $ 140.7 | |||
Tommy Hilfiger China Acquisition [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | |||||
Karl Lagerfeld Joint Venture [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 10.00% | 8.00% | ||||
Investments in unconsolidated affiliates | $ 18.9 | |||||
PVH Australia Joint Venture [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 50.00% | |||||
Investments in unconsolidated affiliates | 21.0 | |||||
Calvin Klein India Joint Venture [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 51.00% | |||||
Investments in unconsolidated affiliates | 1.6 | |||||
Tommy Hilfiger Brazil Joint Venture [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 40.00% | |||||
Investments in unconsolidated affiliates | $ 1.5 | |||||
Tommy Hilfiger India Joint Venture [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 50.00% | |||||
Tommy Hilfiger China Joint Venture [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 45.00% | 45.00% | ||||
Equity Method Investments | $ 47.4 | $ 52.9 | ||||
Tommy Hilfiger China Joint Venture [Member] | Tommy Hilfiger China Acquisition [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% |
X | ||||||||||
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
REDEEMABLE NON-CONTROLLING INTEREST (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
Jun. 29, 2016 |
Jan. 31, 2016 |
|
Noncontrolling Interest [Line Items] | ||||||
Investments in unconsolidated affiliates | $ 1.5 | $ 22.6 | ||||
Less: Net loss attributable to redeemable non-controlling interest | $ 0.0 | $ 0.0 | 0.0 | 0.0 | ||
Redeemable Non-Controlling Interest | $ 0.1 | $ 0.0 | $ 0.1 | $ 0.0 | $ 0.0 | |
Ethiopia Joint Venture [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Noncontrolling Interest, Ownership Percentage by Parent | 75.00% | 75.00% | ||||
Investments in unconsolidated affiliates | $ 0.2 | |||||
Redeemable Noncontrolling Interest, Equity, Fair Value | $ 0.1 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition As of the reporting date, the carrying amount of noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. The noncontrolling interest holder's ownership (or holders' ownership) may be in the form of common shares (regardless of class), limited partnership units (regardless of class), non-preferential membership interests, or any other form of common equity regardless of investee entity legal form. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate fair value as of the reporting date of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
GOODWILL (Details) $ in Millions |
6 Months Ended |
---|---|
Jul. 31, 2016
USD ($)
| |
Goodwill and Other Intangible Assets [Line Items] | |
Contingent purchase price payments, percentage of total worldwide net sales | 1.15% |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning of period | $ 3,231.2 |
Accumulated impairment losses, beginning of period | (11.9) |
Goodwill, net, beginning of period | 3,219.3 |
Contingent purchase price payments to Mr. Calvin Klein | 23.6 |
Acquisition of TH China | 261.6 |
Currency translation | 31.6 |
Goodwill, gross, end of period | 3,548.0 |
Accumulated impairment losses, end of period | (11.9) |
Goodwill, net, end of period | 3,536.1 |
Calvin Klein North America [Member] | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning of period | 728.0 |
Accumulated impairment losses, beginning of period | 0.0 |
Goodwill, net, beginning of period | 728.0 |
Contingent purchase price payments to Mr. Calvin Klein | 13.9 |
Acquisition of TH China | 0.0 |
Currency translation | 0.2 |
Goodwill, gross, end of period | 742.1 |
Accumulated impairment losses, end of period | 0.0 |
Goodwill, net, end of period | 742.1 |
Calvin Klein International [Member] | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning of period | 841.5 |
Accumulated impairment losses, beginning of period | 0.0 |
Goodwill, net, beginning of period | 841.5 |
Contingent purchase price payments to Mr. Calvin Klein | 9.7 |
Acquisition of TH China | 0.0 |
Currency translation | 16.7 |
Goodwill, gross, end of period | 867.9 |
Accumulated impairment losses, end of period | 0.0 |
Goodwill, net, end of period | 867.9 |
Tommy Hilfiger North America [Member] | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning of period | 204.4 |
Accumulated impairment losses, beginning of period | 0.0 |
Goodwill, net, beginning of period | 204.4 |
Contingent purchase price payments to Mr. Calvin Klein | 0.0 |
Acquisition of TH China | 0.0 |
Currency translation | 0.0 |
Goodwill, gross, end of period | 204.4 |
Accumulated impairment losses, end of period | 0.0 |
Goodwill, net, end of period | 204.4 |
Tommy Hilfiger International [Member] | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning of period | 1,208.4 |
Accumulated impairment losses, beginning of period | 0.0 |
Goodwill, net, beginning of period | 1,208.4 |
Contingent purchase price payments to Mr. Calvin Klein | 0.0 |
Acquisition of TH China | 261.6 |
Currency translation | 14.9 |
Goodwill, gross, end of period | 1,484.9 |
Accumulated impairment losses, end of period | 0.0 |
Goodwill, net, end of period | 1,484.9 |
Heritage Brands Wholesale [Member] | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning of period | 237.0 |
Accumulated impairment losses, beginning of period | 0.0 |
Goodwill, net, beginning of period | 237.0 |
Contingent purchase price payments to Mr. Calvin Klein | 0.0 |
Acquisition of TH China | 0.0 |
Currency translation | (0.2) |
Goodwill, gross, end of period | 236.8 |
Accumulated impairment losses, end of period | 0.0 |
Goodwill, net, end of period | 236.8 |
Heritage Brands Retail [Member] | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning of period | 11.9 |
Accumulated impairment losses, beginning of period | (11.9) |
Goodwill, net, beginning of period | 0.0 |
Contingent purchase price payments to Mr. Calvin Klein | 0.0 |
Acquisition of TH China | 0.0 |
Currency translation | 0.0 |
Goodwill, gross, end of period | 11.9 |
Accumulated impairment losses, end of period | (11.9) |
Goodwill, net, end of period | $ 0.0 |
X | ||||||||||
- Definition Basis for calculating contingent purchase price payments. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in the value of right to a contingent consideration asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of accumulated impairment loss for an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
RETIREMENT AND BENEFIT PLANS (Details) $ in Millions |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||
---|---|---|---|---|---|
Jul. 31, 2016
USD ($)
plans
|
Aug. 02, 2015
USD ($)
|
Jul. 31, 2016
USD ($)
plans
|
Aug. 02, 2015
USD ($)
|
Jan. 29, 2017
USD ($)
|
|
SERP Plans [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Number of Noncontributory Defined Benefit Pension Plans | 3 | 3 | |||
Plan Benefit Payment Activation Age | 65 | 65 | |||
Plan Benefit Payment Period | 10 years | ||||
Minimum Number of Years of Employment | 10 years | ||||
Minimum Age Prior to Employment Termination | 55 | 55 | |||
Service cost, including plan expenses | $ 0.9 | $ 1.5 | $ 2.2 | $ 2.8 | |
Interest cost | 0.9 | 0.9 | 1.9 | 1.8 | |
Total | $ 1.8 | 2.4 | $ 4.1 | 4.6 | |
Pension Plans, Defined Benefit [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Number of Noncontributory Defined Benefit Pension Plans | plans | 5 | 5 | |||
Service cost, including plan expenses | $ 6.1 | 8.2 | $ 12.6 | 15.3 | |
Interest cost | 7.4 | 6.8 | 14.9 | 13.9 | |
Defined Benefit Plan, Expected Return on Plan Assets | (8.9) | (10.4) | (17.9) | (21.2) | |
Total | $ 4.6 | 4.6 | $ 9.6 | 8.0 | |
Pension Contributions | $ 6.9 | ||||
Vesting Period Non-Contributory Defined Benefit Pension Plans | 5 years | ||||
Other Postretirement Benefit Plans, Defined Benefit [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Number of Noncontributory Defined Benefit Pension Plans | 2 | 2 | |||
Minimum Number of Years of Employment | 10 years | ||||
Minimum Age Prior to Employment Termination | 55 | 55 | |||
Interest cost | $ 0.1 | 0.1 | $ 0.3 | 0.3 | |
Amortization of prior service cost (credit) | (0.1) | (0.1) | (0.2) | (0.2) | |
Total | $ 0.0 | $ 0.0 | $ 0.1 | $ 0.1 |
X | ||||||||||
- Definition Expected Return on Plan Assets No definition available.
|
X | ||||||||||
- Definition The minimum age (years) prior to termination for associates for whom benefits were not eliminated. No definition available.
|
X | ||||||||||
- Definition The minimum number of years of employment prior to termination for associates for whom benefits were not eliminated. No definition available.
|
X | ||||||||||
- Definition The number of noncontributory defined benefit pension plans for the entity. No definition available.
|
X | ||||||||||
- Definition The minimum age that CAP plan participants will start receiving predetermined amounts under the plan, provided that prior to termination they have been participants in the plan for 10 years and have attained age 55. No definition available.
|
X | ||||||||||
- Definition The number of years over which the CAP benefits are payable to the participating plan beneficiaries, who have met all other conditions. No definition available.
|
X | ||||||||||
- Definition Represents the minimum vesting period for the pension plans. No definition available.
|
X | ||||||||||
- Definition The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The amount of cash or cash equivalents contributed by the entity to fund its pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
|
DEBT Yen-Denominated Overdraft Facility (Details) - 6 months ended Jul. 31, 2016 - Line of credit, Yen-denominated facility [Member] ¥ in Millions, $ in Millions |
USD ($) |
JPY (¥) |
USD ($) |
---|---|---|---|
Line of Credit Facility [Line Items] | |||
Line of credit facility, maximum borrowing capacity | ¥ 2,200.0 | $ 21.3 | |
Line of credit facility, amount outstanding | $ 19.4 | ||
Short-term debt, weighted average interest rate | 0.28% | 0.28% | |
Maximum amount of borrowings outstanding during the period | $ 19.4 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum amount borrowed under the credit facility at any time during the period. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average interest rate of short-term debt outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT Won-Denominated Overdraft Facility (Details) - Line of credit, Won-denominated facility [Member] ₩ in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | |
---|---|---|---|
Jul. 31, 2016
KRW (₩)
|
Jul. 31, 2016
KRW (₩)
|
Jul. 31, 2016
USD ($)
|
|
Line of Credit Facility [Line Items] | |||
Line of credit facility, maximum borrowing capacity | ₩ 3,500.0 | ₩ 3,500.0 | $ 3.1 |
Debt instrument, basis spread on variable rate | 1.50% | ||
South Korean Certificate of Deposit Period | 3 months |
X | ||||||||||
- Definition South Korean Certificate of Deposit Period No definition available.
|
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT Asia Revolving Credit Facility (Details) - Line of credit, Asia facility [Member] $ in Millions |
3 Months Ended | 6 Months Ended |
---|---|---|
Jul. 31, 2016
USD ($)
|
Jul. 31, 2016
USD ($)
|
|
Line of Credit Facility [Line Items] | ||
Line of credit facility, maximum borrowing capacity | $ 10.0 | $ 10.0 |
Debt instrument, basis spread on variable rate | 1.50% | |
Carry forward period borrowings maximum | 1 year | |
Carry forward period revolving credit facility | 1 month | |
London Interbank Offered Rate Period | 1 month |
X | ||||||||||
- Definition -- None. No documentation exists for this element. -- No definition available.
|
X | ||||||||||
- Definition -- None. No documentation exists for this element. -- No definition available.
|
X | ||||||||||
- Definition London Interbank Offered Rate Period No definition available.
|
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT Euro-Denominated Overdraft Facility (Details) - Jul. 31, 2016 € in Millions, $ in Millions |
EUR (€) |
USD ($) |
---|---|---|
Line of credit, Euro-denominated facility [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of credit facility, maximum borrowing capacity | € 60.0 | $ 66.7 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT USD-Denominated Line of Credit (Details) - Line Of Credit, USD-Denominated Line of Credit [Member] $ in Millions |
6 Months Ended |
---|---|
Jul. 31, 2016
USD ($)
| |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 3.7 |
Debt instrument, basis spread on variable rate | 3.00% |
Maximum amount of borrowings outstanding during the period | $ 3.3 |
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum amount borrowed under the credit facility at any time during the period. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT Lira-Denominated Overdraft Facility (Details) - 6 months ended Jul. 31, 2016 - Line of credit, Lira-denominated facility [Member] TRY in Millions, $ in Millions |
USD ($) |
TRY |
USD ($) |
---|---|---|---|
Line of Credit Facility [Line Items] | |||
Line of credit facility, maximum borrowing capacity | TRY 3.0 | $ 1.0 | |
Debt instrument, basis spread on variable rate | 4.00% | ||
Maximum amount of borrowings outstanding during the period | $ 0.9 |
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum amount borrowed under the credit facility at any time during the period. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT Mexico Revolving Credit Facility (Details) - 6 months ended Jul. 31, 2016 - Line Of Credit Mexico Facility [Member] MXN in Millions, $ in Millions |
MXN |
USD ($) |
---|---|---|
Line of Credit Facility [Line Items] | ||
Line of credit facility, maximum borrowing capacity | MXN 161.1 | $ 8.5 |
Debt instrument, basis spread on variable rate | 0.90% |
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT Brazil Revolving Credit Facility (Details) - Jul. 31, 2016 BRL in Millions, $ in Millions |
BRL |
USD ($) |
---|---|---|
Line of credit, Brazil facility [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of credit facility, maximum borrowing capacity | BRL 25.0 | $ 7.6 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
DEBT Senior Secured Credit Facilities Revolving Borrowings (Details) € in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
May 19, 2016
USD ($)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
May 19, 2016
EUR (€)
|
May 19, 2016
USD ($)
|
Aug. 18, 2014
USD ($)
|
Aug. 03, 2014
USD ($)
|
Mar. 21, 2014
USD ($)
|
Aug. 19, 2013
USD ($)
|
|
Line of Credit Facility [Line Items] | |||||||||||
Repayment of 2016/2014 facilities | $ 201.2 | $ 165.7 | |||||||||
Debt modification and extinguishment costs | $ 15.8 | $ 0.0 | 15.8 | 0.0 | |||||||
Write off of deferred debt issuance costs | 11.2 | ||||||||||
2014 Facilities [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Maximum amount of borrowings outstanding during the period | 15.3 | ||||||||||
2016 Facilities [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Maximum Amount Of Commitment Increase | 1,350.0 | ||||||||||
Paid debt issuance costs | $ 10.9 | ||||||||||
Debt modification and extinguishment costs | 4.6 | 15.8 | |||||||||
Payments of Debt Issuance Costs | 6.3 | ||||||||||
Write off of deferred debt issuance costs | 11.2 | ||||||||||
2016 Facilities Term Loan A [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Increase in term loan borrowings | $ 582.0 | ||||||||||
Secured Debt | 2,187.3 | 1,853.3 | 2,187.3 | 1,853.3 | |||||||
2014 Facilities Term Loan B [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Repayment of 2016/2014 facilities | $ 582.0 | ||||||||||
Secured Debt | $ 0.0 | $ 707.9 | $ 0.0 | $ 707.9 | |||||||
United States of America, Dollars | 2016 Facilities [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Secured Debt | 475.0 | ||||||||||
United States of America, Dollars | 2016 Facilities Term Loan A [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Secured Debt | 2,347.4 | ||||||||||
United States of America, Dollars | 2014 Facilities Term Loan B [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Secured Debt | $ 1,188.6 | ||||||||||
United States of America, Dollars | 2014 Facilities Term Loan A [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Secured Debt | $ 1,986.3 | ||||||||||
United States Dollars and Canadian Dollars [Member] | 2016 Facilities [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Line of credit facility, maximum borrowing capacity | $ 25.0 | ||||||||||
Euro, British Pound, Japanese Yen and Swiss Francs [Member] | 2016 Facilities [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Line of credit facility, maximum borrowing capacity | € | € 185.9 | ||||||||||
One month adjusted Eurocurrency rate loan [Member] | United States of America, Dollars | 2016 Facilities Term Loan A [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Debt instrument, basis spread on variable rate | 1.50% | ||||||||||
Base rate loan [Member] | United States of America, Dollars | 2016 Facilities Term Loan A [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Debt instrument, basis spread on variable rate | 0.50% | ||||||||||
2014 Interest Rate Cap [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Derivative, Notional Amount | $ 514.2 | ||||||||||
Derivative, cap interest rate | 1.50% | 1.50% | |||||||||
2016 Interest Rate Swap [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Derivative, Notional Amount | $ 665.3 | $ 665.3 | $ 682.6 | ||||||||
Derivative, fixed interest rate | 1.924% | 1.924% | |||||||||
2013 Interest Rate Swap [Member] | |||||||||||
Line of Credit Facility [Line Items] | |||||||||||
Derivative, Notional Amount | $ 427.4 | $ 427.4 | $ 1,228.8 | ||||||||
Derivative, fixed interest rate | 0.604% | 0.604% |
X | ||||||||||
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
X | ||||||||||
- Definition Represents the increase in term loan borrowings (TLA and TLB) under the 2014 Facilities. No definition available.
|
X | ||||||||||
- Definition Represents the maximum amount the Company may increase the commitments under the 2014 Facility revolving credit facilities. No definition available.
|
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Cap rate on an interest rate derivative such as an interest rate cap or collar. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. No definition available.
|
X | ||||||||||
- Definition Fixed interest rate related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum amount borrowed under the credit facility at any time during the period. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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DEBT Schedule of Long Term Debt Instruments (Details) € in Millions, ₩ in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | 9 Months Ended | 21 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 19, 2016
USD ($)
|
Jul. 31, 2016
EUR (€)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
Mar. 31, 2019 |
Mar. 31, 2021 |
Mar. 31, 2018 |
Jul. 31, 2016
KRW (₩)
|
Jul. 31, 2016
USD ($)
|
May 19, 2016
EUR (€)
|
May 19, 2016
USD ($)
|
Jan. 31, 2016 |
Aug. 18, 2014
USD ($)
|
Aug. 03, 2014
USD ($)
|
Mar. 21, 2014
USD ($)
|
Aug. 19, 2013
USD ($)
|
|
Debt Instrument [Line Items] | ||||||||||||||||||
Total debt percentage bearing fixed interest rates | 65.00% | 65.00% | 65.00% | |||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Debt modification and extinguishment costs | $ 15.8 | $ 0.0 | $ 15.8 | $ 0.0 | ||||||||||||||
Write off of deferred debt issuance costs | $ 11.2 | |||||||||||||||||
Letters of credit outstanding, amount | $ 24.1 | |||||||||||||||||
Repayment of 2016/2014 facilities | 201.2 | 165.7 | ||||||||||||||||
Term Loan A Repayment Percentage Quarters Following Amendment | 7.50% | 10.00% | 5.00% | |||||||||||||||
2013 Interest Rate Swap [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Derivative, Notional Amount | $ 427.4 | $ 1,228.8 | ||||||||||||||||
Derivative, fixed interest rate | 0.604% | 0.604% | 0.604% | |||||||||||||||
Derivative agreement term | 3 years | 3 years | ||||||||||||||||
2016 Interest Rate Swap [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Derivative, Notional Amount | $ 665.3 | $ 682.6 | ||||||||||||||||
Derivative, fixed interest rate | 1.924% | 1.924% | 1.924% | |||||||||||||||
Derivative agreement term | 2 years | 2 years | ||||||||||||||||
2014 Interest Rate Cap [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Derivative, Notional Amount | $ 514.2 | |||||||||||||||||
Derivative, cap interest rate | 1.50% | 1.50% | 1.50% | |||||||||||||||
Derivative agreement term | 18 months | 18 months | ||||||||||||||||
2016 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Paid debt issuance costs | $ 10.9 | |||||||||||||||||
Debt modification and extinguishment costs | 4.6 | 15.8 | ||||||||||||||||
Deferred debt issuance costs | (6.3) | |||||||||||||||||
Write off of deferred debt issuance costs | 11.2 | |||||||||||||||||
Maximum Amount Of Commitment Increase | 1,350.0 | |||||||||||||||||
2014 Facilities Term Loan B [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Secured Debt | 707.9 | 707.9 | $ 0.0 | |||||||||||||||
Repayment of 2016/2014 facilities | $ 582.0 | |||||||||||||||||
2016 Facilities Term Loan A [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Increase in term loan borrowings | $ 582.0 | |||||||||||||||||
Secured Debt | $ 1,853.3 | 1,853.3 | 2,187.3 | |||||||||||||||
2014 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Repayment of 2016/2014 facilities | $ 201.2 | $ 165.7 | ||||||||||||||||
Senior notes due 2022 [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
4 1/2% senior notes due 2022 | $ 700.0 | |||||||||||||||||
Deferred debt issuance costs | $ (16.3) | |||||||||||||||||
Senior notes due 2022 [Member] | Senior Notes [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Debt instrument, interest rate, stated percentage | 4.50% | 4.50% | 4.50% | |||||||||||||||
Senior Debenture Due 2023 [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Debt instrument, interest rate, stated percentage | 7.75% | 7.75% | 7.75% | |||||||||||||||
Debt instrument, face amount | $ 100.0 | |||||||||||||||||
Debt instrument, yield to maturity | 7.80% | 7.80% | 7.80% | |||||||||||||||
Senior Notes Due 2024 [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
3 5/8% senior notes due 2024 | € | € 350.0 | |||||||||||||||||
Deferred debt issuance costs | € (6.4) | $ (7.3) | ||||||||||||||||
United States Dollars and Canadian Dollars [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Number of revolving credit facilities | 1 | |||||||||||||||||
United States Dollars and Canadian Dollars [Member] | 2016 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Line of credit facility, maximum borrowing capacity | 25.0 | |||||||||||||||||
United States Dollars and Canadian Dollars [Member] | 2014 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Line of credit facility, maximum borrowing capacity | $ 25.0 | |||||||||||||||||
Euro, British Pound, Japanese Yen and Swiss Francs [Member] | 2016 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Line of credit facility, maximum borrowing capacity | € | € 185.9 | |||||||||||||||||
Euro, British Pound, Japanese Yen and Swiss Francs [Member] | 2014 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Line of credit facility, maximum borrowing capacity | 185.9 | |||||||||||||||||
United States of America, Dollars | Unites States federal fund rate [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Debt instrument, basis spread on variable rate | 0.50% | |||||||||||||||||
United States of America, Dollars | 2016 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Secured Debt | 475.0 | |||||||||||||||||
United States of America, Dollars | 2014 Facilities Term Loan A [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Secured Debt | 1,986.3 | |||||||||||||||||
United States of America, Dollars | 2014 Facilities Term Loan B [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Secured Debt | 1,188.6 | |||||||||||||||||
United States of America, Dollars | 2016 Facilities Term Loan A [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Secured Debt | $ 2,347.4 | |||||||||||||||||
United States of America, Dollars | 2014 Facilities [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Line of credit facility, maximum borrowing capacity | $ 475.0 | |||||||||||||||||
United States of America, Dollars | Base rate loan [Member] | 2016 Facilities Term Loan A [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Debt instrument, basis spread on variable rate | 0.50% | |||||||||||||||||
United States of America, Dollars | One month adjusted Eurocurrency rate loan [Member] | 2016 Facilities Term Loan A [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Debt instrument, basis spread on variable rate | 1.50% | |||||||||||||||||
Line of credit, Won-denominated facility [Member] | ||||||||||||||||||
Senior Secured Credit Facilities [Abstract] | ||||||||||||||||||
Line of credit facility, maximum borrowing capacity | ₩ 3,500.0 | $ 3.1 | ||||||||||||||||
Debt instrument, basis spread on variable rate | 1.50% |
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- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition 3 5/8% Senior Notes Due 2024 No definition available.
|
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- Definition 4 1/2% Senior Notes Due 2022 No definition available.
|
X | ||||||||||
- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
X | ||||||||||
- Definition derivative agreement term No definition available.
|
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- Definition Represents the increase in term loan borrowings (TLA and TLB) under the 2014 Facilities. No definition available.
|
X | ||||||||||
- Definition Represents the maximum amount the Company may increase the commitments under the 2014 Facility revolving credit facilities. No definition available.
|
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- Definition Number of revolving credit facilities No definition available.
|
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- Definition Term Loan A Repayment Percentage Quarters Following Amendment No definition available.
|
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- Definition Represents the percentage of total debt bearing fixed interest rates. No definition available.
|
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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- Definition Cap rate on an interest rate derivative such as an interest rate cap or collar. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. No definition available.
|
X | ||||||||||
- Definition Fixed interest rate related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- References No definition available.
|
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- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DEBT Schedule of Mandatory Long-Term Debt Repayments (Details) - USD ($) $ in Millions |
6 Months Ended | ||||
---|---|---|---|---|---|
May 19, 2016 |
Jul. 31, 2016 |
Aug. 02, 2015 |
Jan. 31, 2016 |
Mar. 21, 2014 |
|
Debt Instrument [Line Items] | |||||
Repayment of 2016/2014 facilities | $ 201.2 | $ 165.7 | |||
Mandatory Long Term Debt Repayment Remainder of 2016 | 0.0 | ||||
Mandatory Long Term Debt Repayment 2017 | 56.1 | ||||
Mandatory Long Term Debt Repayment 2018 | 161.4 | ||||
Mandatory Long Term Debt Repayment 2019 | 220.1 | ||||
Mandatory Long Term Debt Repayment 2020 | 234.7 | ||||
Mandatory Long Term Debt Repayment 2021 | $ 1,525.8 | ||||
Total debt percentage bearing fixed interest rates | 65.00% | ||||
Total | $ 3,358.2 | 3,348.5 | |||
Less: Current portion of long-term debt | 0.0 | 111.7 | $ 136.6 | ||
Long-Term Debt | 3,358.2 | 3,236.8 | $ 3,031.7 | ||
Senior notes due 2022 [Member] | |||||
Debt Instrument [Line Items] | |||||
Senior Notes | 689.6 | 688.0 | |||
Senior Debenture Due 2023 [Member] | |||||
Debt Instrument [Line Items] | |||||
Senior Notes | $ 99.4 | 99.3 | |||
Debt instrument, interest rate, stated percentage | 7.75% | ||||
Senior Notes Due 2024 [Member] | |||||
Debt Instrument [Line Items] | |||||
Senior Notes | $ 381.9 | 0.0 | |||
Senior Notes [Member] | Senior notes due 2022 [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument, interest rate, stated percentage | 4.50% | ||||
2014 Facilities Term Loan B [Member] | |||||
Debt Instrument [Line Items] | |||||
Repayment of 2016/2014 facilities | $ 582.0 | ||||
Secured Debt | $ 0.0 | 707.9 | |||
2014 Facilities [Member] | |||||
Debt Instrument [Line Items] | |||||
Repayment of 2016/2014 facilities | $ 201.2 | $ 165.7 | |||
United States of America, Dollars | 2014 Facilities Term Loan A [Member] | |||||
Debt Instrument [Line Items] | |||||
Secured Debt | $ 1,986.3 | ||||
United States of America, Dollars | 2014 Facilities Term Loan B [Member] | |||||
Debt Instrument [Line Items] | |||||
Secured Debt | $ 1,188.6 |
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- Definition Represents the percentage of total debt bearing fixed interest rates. No definition available.
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES (Details) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
|
Income Taxes [Line Items] | ||||
Effective Income Tax Rate | 21.20% | 19.00% | 15.30% | 20.80% |
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- Definition [Line Items] for Income Taxes [Table] No definition available.
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- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DERIVATIVE FINANCIAL INSTRUMENTS (Details) € in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|
Jul. 31, 2016
EUR (€)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
Jul. 30, 2017
USD ($)
|
Jan. 31, 2016
USD ($)
|
|
Derivative [Line Items] | |||||||
Proceeds from 3 5/8% senior notes, net of related fees | $ 389.6 | $ 0.0 | |||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (35.2) | 22.1 | |||||
Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | $ 9.6 | $ 65.1 | 9.6 | 65.1 | $ 44.2 | ||
Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 30.2 | 18.0 | 30.2 | 18.0 | 22.4 | ||
Foreign Exchange Forward Inventory Purchases [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative, Notional Amount | 925.9 | 925.9 | |||||
Foreign Currency Option Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative, Notional Amount | 50.0 | 50.0 | |||||
Undesignated contracts [Member] | Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 2.8 | 18.2 | 2.8 | 18.2 | 19.3 | ||
Undesignated contracts [Member] | Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 0.7 | 0.4 | 0.7 | 0.4 | 0.1 | ||
Undesignated contracts [Member] | Foreign Exchange Forward Principally Intercompany Transactions [Member] | Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 1.8 | 18.2 | 1.8 | 18.2 | 19.3 | ||
Undesignated contracts [Member] | Foreign Exchange Forward Principally Intercompany Transactions [Member] | Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 0.7 | 0.4 | 0.7 | 0.4 | 0.1 | ||
Undesignated contracts [Member] | Foreign Currency Option Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Cash Premium Associated with Put Option Contract | 1.1 | 1.1 | |||||
Undesignated contracts [Member] | Foreign Currency Option Contract [Member] | Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 1.0 | 0.0 | 1.0 | 0.0 | 0.0 | ||
Undesignated contracts [Member] | Foreign Currency Option Contract [Member] | Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 0.0 | 0.0 | $ 0.0 | 0.0 | 0.0 | ||
Cost of Goods Sold [Member] | Foreign Exchange Forward Inventory Purchases [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments, Loss Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | $ 1.6 | ||||||
Derivative Instruments, Loss Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer | 12 months | ||||||
Interest Expense [Member] | Interest Rate Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments, Loss Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | $ 12.5 | ||||||
Derivative Instruments, Loss Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer | 12 months | ||||||
Selling, General and Administrative Expenses [Member] | Undesignated contracts [Member] | Foreign Exchange Forward Principally Intercompany Transactions [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net | (2.9) | 1.8 | $ (6.7) | 4.5 | |||
Selling, General and Administrative Expenses [Member] | Undesignated contracts [Member] | Foreign Currency Option Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net | (0.2) | 0.0 | (0.2) | 0.0 | |||
Cash Flow Hedging [Member] | Designated contracts [Member] | |||||||
Derivative [Line Items] | |||||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 27.6 | 20.5 | (30.9) | 22.2 | |||
Gain (loss) reclassified from Accumulated Other Comprehensive Income into Income (Expense) | (0.8) | (26.4) | (3.1) | (45.9) | |||
Cash Flow Hedging [Member] | Designated contracts [Member] | Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 6.8 | 46.9 | 6.8 | 46.9 | 24.9 | ||
Cash Flow Hedging [Member] | Designated contracts [Member] | Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 29.5 | 17.6 | 29.5 | 17.6 | 22.3 | ||
Cash Flow Hedging [Member] | Designated contracts [Member] | Foreign Exchange Forward Inventory Purchases [Member] | |||||||
Derivative [Line Items] | |||||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 21.2 | 23.1 | (37.2) | 23.7 | |||
Cash Flow Hedging [Member] | Designated contracts [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 6.8 | 46.6 | 6.8 | 46.6 | 24.9 | ||
Cash Flow Hedging [Member] | Designated contracts [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 12.5 | 3.2 | 12.5 | 3.2 | 1.7 | ||
Cash Flow Hedging [Member] | Designated contracts [Member] | Interest Rate Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (1.4) | (2.6) | (1.5) | (1.5) | |||
Cash Flow Hedging [Member] | Designated contracts [Member] | Interest Rate Contract [Member] | Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 0.0 | 0.3 | 0.0 | 0.3 | 0.0 | ||
Cash Flow Hedging [Member] | Designated contracts [Member] | Interest Rate Contract [Member] | Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 17.0 | 14.4 | 17.0 | 14.4 | $ 20.6 | ||
Cash Flow Hedging [Member] | Designated contracts [Member] | Net Investment Hedge [Member] | |||||||
Derivative [Line Items] | |||||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 7.8 | 0.0 | 7.8 | 0.0 | |||
Cash Flow Hedging [Member] | Cost of Goods Sold [Member] | Designated contracts [Member] | Foreign Exchange Forward Inventory Purchases [Member] | |||||||
Derivative [Line Items] | |||||||
Gain (loss) reclassified from Accumulated Other Comprehensive Income into Income (Expense) | (3.5) | (27.5) | (8.2) | (48.1) | |||
Cash Flow Hedging [Member] | Interest Expense [Member] | Designated contracts [Member] | Interest Rate Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Gain (loss) reclassified from Accumulated Other Comprehensive Income into Income (Expense) | (2.7) | (1.1) | (5.1) | (2.2) | |||
Senior Notes Due 2024 [Member] | |||||||
Derivative [Line Items] | |||||||
Proceeds from 3 5/8% senior notes, net of related fees | € | € 350.0 | ||||||
Long-term Debt, Fair Value | 406.5 | 406.5 | |||||
Senior Notes, Carrying Value | $ 381.9 | $ 0.0 | $ 381.9 | $ 0.0 |
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- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cash Premium Paid Foreign Currency Option Contracts No definition available.
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Estimated period for the anticipated transfer of gain (loss), net, from accumulated other comprehensive income into earnings, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
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- Definition The estimated value of gains (losses), net anticipated to be transferred in the future from accumulated other comprehensive income into earnings. No definition available.
|
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- Definition The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective portion of loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
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- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | 12 Months Ended | 60 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 13, 2016 |
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
Jan. 29, 2023 |
Jan. 31, 2016 |
Feb. 01, 2015 |
Feb. 02, 2014 |
Feb. 03, 2013 |
Jul. 01, 2016 |
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Assets, Fair Value Disclosure, Nonrecurring | $ 0.0 | $ 0.0 | |||||||||
Impairment of long-lived assets | $ 0.0 | 1.6 | |||||||||
Foreign currency forward exchange contracts, assets | $ 8.6 | 64.8 | 8.6 | 64.8 | $ 44.2 | ||||||
Interest rate contracts, assets | 0.0 | 0.3 | 0.0 | 0.3 | 0.0 | ||||||
Foreign currency option contracts, assets | 1.0 | 1.0 | |||||||||
Total Assets | 9.6 | 65.1 | 9.6 | 65.1 | 44.2 | ||||||
Foreign currency forward exchange contracts, liabilities | 13.2 | 3.6 | 13.2 | 3.6 | 1.8 | ||||||
Interest rate contracts, liabilities | 17.0 | 14.4 | 17.0 | 14.4 | 20.6 | ||||||
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India | 2.2 | 4.1 | 2.2 | 4.1 | 2.2 | ||||||
Total Liabilities | 32.4 | 22.1 | 32.4 | 22.1 | 24.6 | ||||||
Cash and cash equivalents | 741.7 | 466.7 | 741.7 | 466.7 | 556.4 | $ 479.3 | |||||
Short-term borrowings | 19.4 | 8.1 | 19.4 | 8.1 | 25.9 | ||||||
Long-term debt (including portion classified as current), carrying amount | 3,358.2 | 3,348.5 | 3,358.2 | 3,348.5 | |||||||
Gain to write-up equity investment in joint venture to fair value | 0.0 | 0.0 | 153.1 | 0.0 | |||||||
Contingent purchase price payments | 25.2 | 23.9 | |||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||
Contingent purchase price payments, balance | 2.2 | 4.1 | 2.2 | 4.1 | 2.2 | 4.0 | |||||
Payments | 0.0 | 0.0 | |||||||||
Adjustments included in earnings | $ 0.0 | 0.1 | |||||||||
Compounded Annual Net Sales Growth Rate | 35.00% | ||||||||||
Fair Value Inputs Discount Rate | 15.00% | ||||||||||
Tommy Hilfiger India License [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Contingent Consideration Limit | 25.0 | $ 25.0 | |||||||||
Contingent purchase price payments | 0.6 | $ 0.6 | $ 0.4 | $ 0.2 | |||||||
Contingent Payments, Threshold for Extension | $ 15.0 | ||||||||||
Tommy Hilfiger India License [Member] | Initial Term [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Contingent purchase price payment terms | 5 years | ||||||||||
Tommy Hilfiger India License [Member] | Extended Term [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Contingent purchase price payment terms | 6 years | ||||||||||
Tommy Hilfiger India License [Member] | Due Within [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Contingent purchase price payment terms | 60 days | ||||||||||
Tommy Hilfiger India License [Member] | Period Length [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Contingent purchase price payment terms | 1 year | ||||||||||
Tommy Hilfiger India License [Member] | Period Length, Months [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Contingent purchase price payment terms | 12 months | ||||||||||
Tommy Hilfiger China Acquisition [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||||||||
Equity Method Investments, Fair Value Disclosure | $ 265.8 | ||||||||||
Long-lived Assets, Other [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Long-Lived Assets | 1.6 | 1.6 | |||||||||
Sale Of Bass [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Expiration Year of Bass Guarantee | 2022 | ||||||||||
Guarantees, Fair Value Disclosure | $ 1.6 | 2.6 | $ 1.6 | 2.6 | 1.9 | ||||||
Tommy Hilfiger India Joint Venture [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Equity Method Investment, Ownership Percentage | 50.00% | 50.00% | |||||||||
Tommy Hilfiger China Joint Venture [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Equity Method Investment, Ownership Percentage | 45.00% | 45.00% | 45.00% | ||||||||
Tommy Hilfiger China Joint Venture [Member] | Tommy Hilfiger China Acquisition [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||||||||
Equity Method Investments, Fair Value Disclosure | $ 205.6 | ||||||||||
Gain to write-up equity investment in joint venture to fair value | $ 153.1 | ||||||||||
Fair Value, Inputs, Level 2 [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Foreign currency forward exchange contracts, assets | $ 8.6 | 64.8 | $ 8.6 | 64.8 | 44.2 | ||||||
Interest rate contracts, assets | 0.0 | 0.3 | 0.0 | 0.3 | 0.0 | ||||||
Foreign currency option contracts, assets | 1.0 | 1.0 | |||||||||
Total Assets | 9.6 | 65.1 | 9.6 | 65.1 | 44.2 | ||||||
Foreign currency forward exchange contracts, liabilities | 13.2 | 3.6 | 13.2 | 3.6 | 1.8 | ||||||
Interest rate contracts, liabilities | 17.0 | 14.4 | 17.0 | 14.4 | 20.6 | ||||||
Total Liabilities | 30.2 | 18.0 | 30.2 | 18.0 | 22.4 | ||||||
Fair Value, Inputs, Level 3 [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Assets, Fair Value Disclosure, Nonrecurring | 0.0 | 0.0 | |||||||||
Contingent purchase price payments related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India | 2.2 | 4.1 | 2.2 | 4.1 | 2.2 | ||||||
Total Liabilities | 2.2 | 4.1 | 2.2 | 4.1 | 2.2 | ||||||
Fair Value, Inputs, Level 3 [Member] | Long-lived Assets, Other [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Assets, Fair Value Disclosure, Nonrecurring | 0.0 | 0.0 | |||||||||
Reported Value Measurement [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Cash and cash equivalents | 741.7 | 466.7 | 741.7 | 466.7 | 556.4 | ||||||
Short-term borrowings | 19.4 | 8.1 | 19.4 | 8.1 | 25.9 | ||||||
Long-term debt (including portion classified as current), carrying amount | 3,358.2 | 3,348.5 | 3,358.2 | 3,348.5 | 3,168.3 | ||||||
Estimate of Fair Value Measurement [Member] | |||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||||||
Cash and cash equivalents | 741.7 | 466.7 | 741.7 | 466.7 | 556.4 | ||||||
Short-term borrowings | 19.4 | 8.1 | 19.4 | 8.1 | 25.9 | ||||||
Long-term Debt, Fair Value | $ 3,434.6 | $ 3,408.6 | $ 3,434.6 | $ 3,408.6 | $ 3,190.5 |
X | ||||||||||
- Definition Represents compounded annual net sales growth rate used as an input to measure fair value. No definition available.
|
X | ||||||||||
- Definition Fair value of potential payments under contingent consideration arrangement. No definition available.
|
X | ||||||||||
- Definition Maximum amount of potential cash payments that could result from the contingent consideration arrangement. No definition available.
|
X | ||||||||||
- Definition The minimum amount of contingent payments that must be made in order for the original term to not be extended No definition available.
|
X | ||||||||||
- Definition Contingent purchase price payment terms No definition available.
|
X | ||||||||||
- Definition Expiration Year of Bass Guarantee No definition available.
|
X | ||||||||||
- Definition Foreign Currency Option Contracts at Fair Value No definition available.
|
X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a nonrecurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. No definition available.
|
X | ||||||||||
- Definition This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a recurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. No definition available.
|
X | ||||||||||
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value at acquisition-date of the equity interest in the acquiree held by the acquirer, immediately before the acquisition date for businesses combined in stages. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value portion of asset contracts related to the exchange of different currencies, including, but not limited to, foreign currency options, forward contracts, and swaps. No definition available.
|
X | ||||||||||
- Definition Fair value portion of liability contracts related to the exchange of different currencies, including, but not limited to, foreign currency options, forward (delivery or nondelivery) contracts, and swaps entered into. No definition available.
|
X | ||||||||||
- Definition Fair value portion of guarantee, including, but not limited to, financial standby letter of credit, fair value guarantee, guarantee of collection of scheduled contractual cash flows from financial assets, and contracts that contingently require the guarantor to make payments or perform services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value as of the balance sheet date of interest rate derivative assets, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value as of the balance sheet date of interest rate derivative liabilities, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregation of the liabilities reported on the balance sheet measured at fair value on a recurring basis by the entity. No definition available.
|
X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
X | ||||||||||
- Definition Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of short-term debt existing as of the balance sheet date. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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STOCK-BASED COMPENSATION - STOCK OPTION ACTIVITY (Details) - USD ($) |
3 Months Ended | 6 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
May 04, 2014 |
Aug. 04, 2013 |
May 05, 2013 |
Jul. 31, 2016 |
Aug. 02, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Reduction in Number of Shares to Be Granted by Each Option Award | 1 | 1 | |||||
Stock-based compensation expense | $ 19,500,000 | $ 20,400,000 | |||||
Recognized income tax benefits associated with stock based compensation expense | $ 5,800,000 | $ 5,000,000 | |||||
Equity Option [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Vesting period (in years) | 4 years | ||||||
Beginning vesting term | one year after date of grant | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||||
Service-based stock option activity [Roll Forward] | |||||||
Service-based stock options, outstanding, beginning of period | 1,443,000 | ||||||
Service-based stock options, granted | 228,000 | ||||||
Service-based stock options, exercised | 155,000 | ||||||
Service-based stock options, cancelled | 6,000 | ||||||
Service-based stock options, outstanding, end of period | 1,510,000 | 1,510,000 | |||||
Service-based stock options, exercisable | 1,057,000 | 1,057,000 | |||||
Service-based stock options, outstanding, weighted average price per option, beginning of period | $ 70.79 | ||||||
Service-based stock options, granted, weighted average price per option | 99.27 | ||||||
Service-based stock options, exercised, weighted average price per option | 65.82 | ||||||
Service-based stock options, cancelled, weighted average price per option | 106.83 | ||||||
Service-based stock options, outstanding, weighted average price per option, end of period | $ 75.46 | 75.46 | |||||
Service-based stock options, exercisable, weighted average price per option | $ 62.29 | $ 62.29 | |||||
Performance Shares (PSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Vesting period (in years) | 3 years | 3 years | 2 years | 3 years | 2 years | ||
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period Beyond Performance Period | 1 year | 1 year | |||||
Awards Granted in 2016, Holding Period | 1 year | ||||||
Black-Scholes-Merton Model [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Weighted average expected term | 6 years 3 months | 6 years 3 months | |||||
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||||||
Weighted average risk-free interest rate | 1.45% | 1.54% | |||||
Weighted average Company volatility | 34.64% | 36.32% | |||||
Expected annual dividends per share | $ 0.15 | $ 0.15 | |||||
Weighted average grant date fair value per option | $ 35.60 | $ 40.23 |
X | ||||||||||
- Definition Awards Granted in 2016, Holding Period No definition available.
|
X | ||||||||||
- Definition The reduction in the number of shares available to be granted with each grant of an option award. No definition available.
|
X | ||||||||||
- Definition Share based Compensation Arrangement by Share based Payment Award, Award Beginning Vesting No definition available.
|
X | ||||||||||
- Definition Estimated period beyond the performance period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The estimated amount of dividends to be paid to holders of the underlying shares (expected dividends) over the option's term. Dividends are taken into account because payment of dividends to shareholders reduces the fair value of the underlying shares, and option holders generally do not receive dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
X | ||||||||||
- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
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X | ||||||||||
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STOCK-BASED COMPENSATION - RSU, RESTRICTED STOCK AND PERFORMANCE SHARE ACTIVITY (Details) - USD ($) |
3 Months Ended | 6 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Jul. 31, 2016 |
May 01, 2016 |
Aug. 02, 2015 |
May 03, 2015 |
May 04, 2014 |
Aug. 04, 2013 |
May 05, 2013 |
Jul. 31, 2016 |
Aug. 02, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Recognized income tax benefits associated with stock based compensation expense | $ 5,800,000 | $ 5,000,000 | |||||||
Tax deduction associated with stock plan award transactions | 5,800,000 | 9,000,000 | |||||||
Excess tax benefits reported, stock plan awards | $ 500,000 | $ 3,400,000 | |||||||
Reduction in number of shares available to be granted by a restricted stock award, RSU or PSU | 2 | 2 | |||||||
Equity Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Vesting period (in years) | 4 years | ||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||
Non-vested activity [Roll Forward] | |||||||||
Other than options, non-vested number, beginning of period | 653,000 | 653,000 | |||||||
Other than options, granted number | 381,000 | ||||||||
Other than options, vested number | 150,000 | ||||||||
Other than options, cancelled number | 45,000 | ||||||||
Other than options, non-vested number, end of period | 839,000 | 839,000 | |||||||
Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 111.61 | $ 111.61 | |||||||
Other than options, granted, weighted average grant date fair value | 97.94 | ||||||||
Other than options, vested, weighted average grant date fair value | 108.67 | ||||||||
Other than options, cancelled, weighted average grant date fair value | 110.16 | ||||||||
Other than options, non-vested, weighted average grant date fair value, end of period | $ 106.00 | $ 106.00 | |||||||
Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Vesting period (in years) | 3 years | ||||||||
Beginning vesting term, awards granted prior to 2016 | two years after date of grant | ||||||||
Restricted Stock Units (RSUs) Granted in 2016 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Vesting period (in years) | 4 years | ||||||||
Beginning vesting term, awards granted in 2016 | one year after date of grant | ||||||||
Restricted Stock Units (RSUs) Non-Employee Directors [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
First RSU Vesting Installments, Nonemployee Directors, Number of Yrs Following Grant Date | one year after date of grant | ||||||||
Performance Shares (PSUs) [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Vesting period (in years) | 3 years | 3 years | 2 years | 3 years | 2 years | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period Beyond Performance Period | 1 year | 1 year | |||||||
Percentage of Final Number of Shares Based Upon the Company's Absolute Stock Price Growth | 50.00% | ||||||||
Percent of Final Number of Shares Based Upon the Company's Total Shareholder Return | 50.00% | ||||||||
Non-vested activity [Roll Forward] | |||||||||
Other than options, non-vested number, beginning of period | 493,000 | 493,000 | |||||||
Other than options, granted number | 76,000 | ||||||||
Other than options, vested number | 26,000 | ||||||||
Other than options, cancelled number | 421,000 | ||||||||
Other than options, non-vested number, end of period | 122,000 | 122,000 | |||||||
Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 121.41 | $ 121.41 | |||||||
Other than options, granted, weighted average grant date fair value | 87.16 | ||||||||
Other than options, vested, weighted average grant date fair value | 114.77 | ||||||||
Other than options, cancelled, weighted average grant date fair value | 124.01 | ||||||||
Other than options, non-vested, weighted average grant date fair value, end of period | $ 92.42 | $ 92.42 | |||||||
Awards Granted in 2016, Holding Period | 1 year | ||||||||
Monte Carlo Model [Member] | |||||||||
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||||||||
Restriction of Liquidity Discount | 12.99% | ||||||||
Monte Carlo Model [Member] | Performance Shares (PSUs) [Member] | |||||||||
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||||||||
Weighted average risk-free interest rate | 1.04% | 0.90% | |||||||
Weighted average Company volatility | 28.33% | 29.10% | |||||||
Expected annual dividends per share | $ 0.15 | $ 0.15 | |||||||
Non-vested activity [Roll Forward] | |||||||||
Other than options, granted, weighted average grant date fair value | $ 87.16 | $ 101.23 | |||||||
First Annual Installment [Member] | Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
RSU vesting, granted to employees in installments | 25.00% | ||||||||
Second Annual Installment [Member] | Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
RSU vesting, granted to employees in installments | 25.00% | ||||||||
Third Annual Installment [Member] | Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
RSU vesting, granted to employees in installments | 50.00% |
X | ||||||||||
- Definition Awards Granted in 2016, Holding Period No definition available.
|
X | ||||||||||
- Definition First RSU Vesting Installments, Employees, Number of Years Following Grant Date No definition available.
|
X | ||||||||||
- Definition First RSU Vesting Installments, Employees, Number of Yrs Following Grant Date, Awards Granted in 2016 No definition available.
|
X | ||||||||||
- Definition First RSU Vesting Installments, Nonemployee Directors, Number of Years Following Grant Date, Awards Prior to 2010 No definition available.
|
X | ||||||||||
- Definition Percentage of final number of shares that will be earned based upon the Company's absolute stock price growth during the performance period. No definition available.
|
X | ||||||||||
- Definition Percentage of final number of shares that will be earned based upon the Company's total shareholder return during the performance period relative to other companies included in the S&P 500 as of the date of grant. No definition available.
|
X | ||||||||||
- Definition The reduction in the number of shares available to be granted with each grant of a restricted stock award. No definition available.
|
X | ||||||||||
- Definition Restriction of Liquidity Discount No definition available.
|
X | ||||||||||
- Definition Estimated period beyond the performance period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Tax Deduction Associated With Stock Plan Awards No definition available.
|
X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The estimated amount of dividends to be paid to holders of the underlying shares (expected dividends) over the option's term. Dividends are taken into account because payment of dividends to shareholders reduces the fair value of the underlying shares, and option holders generally do not receive dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition Percentage of vesting of share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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ACCUMULATED OTHER COMPREHENSIVE LOSS CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
Jan. 31, 2016 |
Feb. 01, 2015 |
|
Balance, foreign currency translation adjustments, net of tax | $ (640.9) | $ (636.3) | $ (640.9) | $ (636.3) | $ (730.5) | $ (496.2) |
Other comprehensive income (loss) before reclassifications, foreign currency translation adjustments, net of tax | 84.7 | (140.1) | ||||
Amounts reclassified from AOCL, foreign currency translation adjustments, net of tax | 0.0 | 0.0 | ||||
Net gain on net investment hedge, net of tax | 4.9 | 0.0 | 4.9 | 0.0 | ||
Foreign currency translation adjustments, net of tax | 89.6 | (140.1) | ||||
Balance, retirement liability adjustment, net of tax | 0.0 | 0.3 | 0.0 | 0.3 | 0.1 | 0.4 |
Other comprehensive income (loss) before reclassifications, pension and postretirement plans, net of tax | 0.0 | 0.0 | ||||
Amounts reclassified from AOCL, retirement liability adjustment, net of tax | 0.0 | 0.0 | 0.1 | 0.1 | ||
Amortization of prior service credit related to pension and postretirement plans, net of tax | 0.0 | 0.0 | (0.1) | (0.1) | ||
Balance, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (11.8) | 56.1 | (11.8) | 56.1 | 26.2 | 79.3 |
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (35.2) | 22.1 | ||||
Amounts reclassified from AOCL, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 0.4 | 26.1 | 2.8 | 45.3 | ||
Net unrealized and realized gain (loss) related to effective cash flow hedges, net of tax | 16.9 | (6.3) | (38.0) | (23.2) | ||
Accumulated other comprehensive loss | (652.7) | (579.9) | (652.7) | (579.9) | $ (704.2) | $ (416.5) |
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax | 49.5 | (118.0) | ||||
Amounts reclassified from AOCL, total, net of tax | 2.9 | 45.4 | ||||
Total other comprehensive (loss) income | $ (77.8) | $ (131.1) | $ 51.5 | $ (163.4) |
X | ||||||||||
- Definition Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax, before reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income for translation gain (loss) realized upon the sale or liquidation of an investment in a foreign entity and foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax, before reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Current period adjustment in other comprehensive income reflecting gains or losses on foreign currency transactions that are designated as, and are effective as, hedges of a net investment in a foreign entity, net of tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACCUMULATED OTHER COMPREHENSIVE LOSS RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
|
Amounts reclassified from AOCL, realized gain (loss) on effective cash flow hedges, tax effect | $ 0.4 | $ 0.3 | $ 0.3 | $ 0.6 |
Amounts reclassified from AOCL, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 0.4 | 26.1 | 2.8 | 45.3 |
Amounts reclassified from AOCL, amortization of prior service credit | 0.1 | 0.1 | 0.2 | 0.2 |
Amounts reclassified from AOCL, amortization of prior service credit related to pension and postretirement plan, tax effect | 0.1 | 0.1 | 0.1 | 0.1 |
Amounts reclassified from AOCL, retirement liability adjustment, net of tax | 0.0 | 0.0 | 0.1 | 0.1 |
Foreign Exchange Forward Inventory Purchases [Member] | ||||
Amounts reclassified from AOCL, realized gain (loss) on effective cash flow hedges | 3.5 | 27.5 | 8.2 | 48.1 |
Interest Rate Contract [Member] | ||||
Amounts reclassified from AOCL, realized gain (loss) on effective cash flow hedges | $ (2.7) | $ (1.1) | $ (5.1) | $ (2.2) |
X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tax (expense) benefit of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY (Details) - USD ($) shares in Millions, $ in Millions |
6 Months Ended | 14 Months Ended | |
---|---|---|---|
Jul. 31, 2016 |
Jul. 31, 2016 |
Jun. 03, 2015 |
|
Equity, Class of Treasury Stock [Line Items] | |||
Stock Repurchase Program, Authorized Amount | $ 500.0 | ||
Stock Repurchase Program, Period in Force | 3 years | ||
Stock Repurchase Program, Number of Shares Repurchased | 1.4 | 2.8 | |
Stock Repurchase Program, Amount Purchased During Period | $ 129.2 | $ 255.4 | |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 244.6 | $ 244.6 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of stock repurchase plan authorized. No definition available.
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X | ||||||||||
- Definition Period which shares may be purchased under a stock repurchase plan authorized by an entity's Board of Directors, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount remaining of a stock repurchase plan authorized. No definition available.
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- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NET INCOME PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
Jul. 31, 2016 |
Aug. 02, 2015 |
|
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||||
Net income attributable to PVH Corp. | $ 90.5 | $ 102.2 | $ 322.1 | $ 216.3 |
Weighted average common shares outstanding for basic net income per common share | 80.7 | 82.7 | 81.0 | 82.6 |
Weighted average impact of dilutive securities | 0.6 | 0.8 | 0.6 | 0.8 |
Total shares for diluted net income per common share | 81.3 | 83.5 | 81.6 | 83.4 |
Basic net income per common share attributable to PVH Corp. | $ 1.12 | $ 1.24 | $ 3.98 | $ 2.62 |
Diluted net income per common share attributable to PVH Corp. | $ 1.11 | $ 1.22 | $ 3.95 | $ 2.59 |
Weighted average potentially dilutive securities | 1.0 | 0.6 | 1.0 | 0.6 |
X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NET INCOME PER COMMON SHARE - DILUTED (Details) - shares shares in Millions |
Jul. 31, 2016 |
Aug. 02, 2015 |
---|---|---|
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||
Number of dilutive shares that could be issued upon vesting | 0.2 | 0.8 |
X | ||||||||||
- Definition Represents the number of dilutive shares that could be issued upon vesting. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
NONCASH INVESTING AND FINANCING ACTIVITIES (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jul. 31, 2016 |
Jul. 31, 2016 |
Aug. 02, 2015 |
Apr. 13, 2016 |
|
Nonmonetary Transaction [Line Items] | ||||
Contingent purchase price payments | $ 25.2 | $ 23.9 | ||
Capital Lease Obligations Incurred | 2.4 | 3.1 | ||
Treasury Stock, Shares Purchased Not Yet Settled | 2.0 | |||
Write off of deferred debt issuance costs | $ 11.2 | |||
Calvin Klein North America and International Business [Member] | ||||
Nonmonetary Transaction [Line Items] | ||||
Contingent purchase price payment terms | 45 days | |||
Liabilities incurred related to contingent purchase price payments | 23.6 | 22.0 | ||
Contingent purchase price payments | $ 25.2 | $ 23.9 | ||
Tommy Hilfiger China Acquisition [Member] | ||||
Nonmonetary Transaction [Line Items] | ||||
Pre-Acquisition Accounts Receivable | $ 2.8 |
X | ||||||||||
- Definition Contingent purchase price payment terms No definition available.
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X | ||||||||||
- Definition Pre-Acquisition Accounts Receivable No definition available.
|
X | ||||||||||
- Definition Treasury Stock, Shares Purchased Not Yet Settled No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The increase during the period in capital lease obligations due to entering into new capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SEGMENT DATA (Details) $ in Millions |
3 Months Ended | 6 Months Ended | |||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 19, 2016
USD ($)
|
Apr. 13, 2016
USD ($)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
Jul. 31, 2016
USD ($)
|
Aug. 02, 2015
USD ($)
|
||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting, Number of Reportable Segments | 6 | ||||||||||||||||||||||||||||||||||||||||
Net sales | $ 1,845.4 | $ 1,765.9 | $ 3,663.1 | $ 3,551.0 | |||||||||||||||||||||||||||||||||||||
Royalty revenue | 69.9 | 75.4 | 147.0 | 149.6 | |||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 18.0 | 22.7 | 41.0 | 42.7 | |||||||||||||||||||||||||||||||||||||
Total revenue | 1,933.3 | 1,864.0 | 3,851.1 | 3,743.3 | |||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1] | 143.0 | 154.1 | 437.6 | 330.9 | ||||||||||||||||||||||||||||||||||||
Costs Related to Global Creative Strategy for CK | 5.5 | ||||||||||||||||||||||||||||||||||||||||
Debt modification and extinguishment costs | 15.8 | 0.0 | 15.8 | 0.0 | |||||||||||||||||||||||||||||||||||||
Gain to write-up equity investment in joint venture to fair value | 0.0 | 0.0 | 153.1 | 0.0 | |||||||||||||||||||||||||||||||||||||
Equity in net (loss) income of unconsolidated affiliates | (0.3) | 2.5 | (0.5) | 8.6 | |||||||||||||||||||||||||||||||||||||
Calvin Klein North America [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Net sales | 361.3 | 317.6 | 700.1 | 616.9 | |||||||||||||||||||||||||||||||||||||
Royalty revenue | 28.0 | 29.5 | 58.3 | 59.2 | |||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 8.7 | 11.1 | 20.2 | 20.9 | |||||||||||||||||||||||||||||||||||||
Total revenue | 398.0 | 358.2 | 778.6 | 697.0 | |||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1] | 55.2 | 46.1 | [2] | 93.3 | [3],[4] | 86.5 | [5] | |||||||||||||||||||||||||||||||||
Costs Related to Global Creative Strategy for CK | 2.7 | ||||||||||||||||||||||||||||||||||||||||
Calvin Klein International [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Net sales | 306.2 | 264.8 | 622.5 | 556.4 | |||||||||||||||||||||||||||||||||||||
Royalty revenue | 16.8 | 18.3 | 35.4 | 36.0 | |||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 5.4 | 7.3 | 12.6 | 13.1 | |||||||||||||||||||||||||||||||||||||
Total revenue | 328.4 | 290.4 | 670.5 | 605.5 | |||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1] | 50.5 | 34.7 | [2] | 102.7 | [3],[4] | 84.0 | [5] | |||||||||||||||||||||||||||||||||
Costs Related to Global Creative Strategy for CK | 2.8 | ||||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger North America [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Net sales | 396.0 | 384.8 | 717.1 | 726.3 | |||||||||||||||||||||||||||||||||||||
Royalty revenue | 9.2 | 9.9 | 20.2 | 19.5 | |||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 2.2 | 2.6 | 4.7 | 5.4 | |||||||||||||||||||||||||||||||||||||
Total revenue | 407.4 | 397.3 | 742.0 | 751.2 | |||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1] | 46.1 | [6] | 58.8 | 69.1 | [6] | 89.1 | ||||||||||||||||||||||||||||||||||
Costs Incurred In Connection with Licensing Arrangement | 1.3 | 2.6 | |||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger International [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Net sales | 442.1 | 400.2 | 886.7 | 800.4 | |||||||||||||||||||||||||||||||||||||
Royalty revenue | 10.1 | 12.3 | 21.7 | 24.4 | |||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 0.6 | 0.9 | 1.6 | 1.8 | |||||||||||||||||||||||||||||||||||||
Total revenue | 452.8 | 413.4 | 910.0 | 826.6 | |||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1] | 29.5 | [7] | 38.9 | 212.8 | [8] | 100.7 | ||||||||||||||||||||||||||||||||||
Heritage Brands Wholesale [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Net sales | 270.7 | 308.0 | 609.9 | 675.5 | |||||||||||||||||||||||||||||||||||||
Royalty revenue | 5.2 | 4.8 | 10.2 | 9.4 | |||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 1.1 | 0.8 | 1.8 | 1.4 | |||||||||||||||||||||||||||||||||||||
Total revenue | 277.0 | 313.6 | 621.9 | 686.3 | |||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1] | 8.3 | 17.3 | [2],[9] | 36.2 | [3],[10] | 47.6 | [5],[9] | |||||||||||||||||||||||||||||||||
Business Exit Costs | 2.6 | 3.3 | |||||||||||||||||||||||||||||||||||||||
Heritage Brands Retail [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Net sales | 69.1 | 90.5 | 126.8 | 175.5 | |||||||||||||||||||||||||||||||||||||
Royalty revenue | 0.6 | 0.6 | 1.2 | 1.1 | |||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 0.0 | 0.0 | 0.1 | 0.1 | |||||||||||||||||||||||||||||||||||||
Total revenue | 69.7 | 91.1 | 128.1 | 176.7 | |||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1] | 3.7 | (2.7) | [11] | 5.8 | (2.8) | [11] | ||||||||||||||||||||||||||||||||||
Corporate Segment [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Income (loss) before interest and taxes | [1],[12] | (50.3) | [13],[14] | (39.0) | [2],[15] | (82.3) | [3],[13] | (74.2) | [5],[15] | ||||||||||||||||||||||||||||||||
Equity in net (loss) income of unconsolidated affiliates | 2.2 | ||||||||||||||||||||||||||||||||||||||||
Exit of Izod Retail Business [Member] | Heritage Brands Retail [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Exit Costs | 5.8 | 6.3 | |||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 2.3 | 13.1 | 9.8 | 31.9 | |||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Calvin Klein North America [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 0.8 | 0.2 | 2.9 | ||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Calvin Klein International [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | (0.2) | 2.6 | 3.7 | ||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Heritage Brands Wholesale [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 2.1 | 0.4 | 5.7 | ||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Corporate Segment [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | $ 10.4 | 6.6 | $ 19.6 | ||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger China Acquisition [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger China Acquisition [Member] | Tommy Hilfiger International [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||||||||||||||||||||||||||||||||||||||
Business Combination, Acquisition Related Costs | $ 20.3 | 44.5 | |||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger China Joint Venture [Member] | Tommy Hilfiger China Acquisition [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||||||||||||||||||||||||||||||||||||||
Gain to write-up equity investment in joint venture to fair value | $ 153.1 | ||||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger China Joint Venture [Member] | Tommy Hilfiger China Acquisition [Member] | Tommy Hilfiger International [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Business Combination, Cost Related to Equity Investment | 5.9 | ||||||||||||||||||||||||||||||||||||||||
Gain to write-up equity investment in joint venture to fair value | 153.1 | ||||||||||||||||||||||||||||||||||||||||
2016 Facilities [Member] | |||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Debt modification and extinguishment costs | $ 4.6 | $ 15.8 | |||||||||||||||||||||||||||||||||||||||
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- Definition Includes (i) advertising revenue, which represents contributions made by licensees toward advertising based on contractual obligations, and (ii) revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. No definition available.
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- Definition Business Combination, Cost Related to Equity Investment No definition available.
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- Definition Costs Incurred In Connection with Licensing Arrangement No definition available.
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- Definition Costs Related to Global Creative Strategy for CK No definition available.
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- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
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- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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- Definition In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, nonoperating income (expense) and income (loss) from equity method investments, before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of interest income (expense). No definition available.
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
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- Definition Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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GUARANTEES (Details) - USD ($) $ in Millions |
12 Months Ended | |||
---|---|---|---|---|
Jan. 29, 2023 |
Jul. 31, 2016 |
Jan. 31, 2016 |
Aug. 02, 2015 |
|
Sale Of Bass [Member] | ||||
Guarantor Obligations [Line Items] | ||||
Expiration Year of Bass Guarantee | 2022 | |||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 34.3 | |||
Guarantees, Fair Value Disclosure | 1.6 | $ 1.9 | $ 2.6 | |
PVH Australia and CK India [Member] | ||||
Guarantor Obligations [Line Items] | ||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 7.9 |
X | ||||||||||
- Definition Expiration Year of Bass Guarantee No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value portion of guarantee, including, but not limited to, financial standby letter of credit, fair value guarantee, guarantee of collection of scheduled contractual cash flows from financial assets, and contracts that contingently require the guarantor to make payments or perform services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RECENT ACCOUNTING GUIDANCE Recent Accounting Guidance (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |
---|---|---|---|
Jul. 31, 2016 |
Aug. 02, 2015 |
Jan. 31, 2016 |
|
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Decrease in Prepaid Expense | $ (0.8) | $ (16.4) | |
Presentation of Deferred Income Taxes [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Decrease in other current assets | 96.0 | ||
Decrease in other liabilities | 87.5 | ||
Increase (decrease) in other assets | 8.5 | ||
Presentation of debt issuance costs [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Increase (decrease) in other assets | (17.3) | $ (14.5) | |
Decrease in Prepaid Expense | $ 8.1 | $ 8.1 |
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- Definition Amount of increase (decrease) in current assets classified as other. No definition available.
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- Definition Amount of increase (decrease) in noncurrent assets classified as other. No definition available.
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- Definition Amount of increase (decrease) in noncurrent operating liabilities classified as other. No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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