Document and Entity Information Document - shares |
9 Months Ended | |
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Oct. 29, 2017 |
Nov. 28, 2017 |
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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 | --02-04 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Oct. 29, 2017 | |
Document Fiscal Year Focus | 2017 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 76,929,334 | |
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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Consolidated Income Statements - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||||||
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Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
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Income Statement [Abstract] | ||||||||||
Net sales | $ 2,220.2 | [1] | $ 2,123.4 | [1] | $ 6,058.7 | $ 5,786.5 | ||||
Royalty revenue | 105.8 | [1] | 93.9 | [1] | 274.5 | 240.9 | ||||
Advertising and other revenue | 31.0 | [1] | 27.0 | [1] | 82.7 | 68.0 | ||||
Total revenue | 2,357.0 | [1] | 2,244.3 | [1] | 6,415.9 | 6,095.4 | ||||
Cost of goods sold (exclusive of depreciation and amortization) | 1,059.7 | 1,052.7 | 2,890.5 | 2,863.1 | ||||||
Gross profit | 1,297.3 | 1,191.6 | 3,525.4 | 3,232.3 | ||||||
Selling, general and administrative expenses | 1,020.3 | 918.0 | 2,956.8 | 2,657.9 | ||||||
Other noncash (loss) gain, net | 0.0 | (76.9) | 0.0 | 76.2 | ||||||
Debt modification and extinguishment costs | 0.0 | 0.0 | 0.0 | 15.8 | ||||||
Equity in net income of unconsolidated affiliates | 3.7 | 1.2 | 5.8 | 0.7 | ||||||
Income before interest and taxes | [2] | 280.7 | 197.9 | 574.4 | 635.5 | |||||
Interest expense | 32.3 | 31.2 | 93.6 | 90.3 | ||||||
Interest income | 1.4 | 2.0 | 4.3 | 4.0 | ||||||
Income before taxes | 249.8 | 168.7 | 485.1 | 549.2 | ||||||
Income tax expense | 11.1 | 42.6 | 56.9 | 101.0 | ||||||
Net Income | 238.7 | 126.1 | 428.2 | 448.2 | ||||||
Less: Net loss attributable to redeemable non-controlling interest | (0.5) | (0.1) | (1.1) | (0.1) | ||||||
Net income attributable to PVH Corp. | $ 239.2 | $ 126.2 | $ 429.3 | $ 448.3 | ||||||
Basic net income per common share attributable to PVH Corp. | $ 3.09 | $ 1.58 | $ 5.52 | $ 5.56 | ||||||
Diluted net income per common share attributable to PVH Corp. | 3.05 | 1.56 | 5.45 | 5.52 | ||||||
Dividends declared per common share | $ 0.0375 | $ 0.0375 | $ 0.1500 | $ 0.1500 | ||||||
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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 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 Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
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Net income | $ 238.7 | $ 126.1 | $ 428.2 | $ 448.2 |
Foreign currency translation adjustments | (47.2) | (70.2) | 261.7 | 14.4 |
Net unrealized and realized gain (loss) related to effective cash flow hedges, net of tax | 15.6 | 19.1 | (56.6) | (18.9) |
Net gain (loss) on net investment hedge, net of tax | 2.7 | 4.1 | (19.8) | 9.0 |
Total other comprehensive (loss) income | (28.9) | (47.0) | 185.3 | 4.5 |
Comprehensive income | 209.8 | 79.1 | 613.5 | 452.7 |
Less: Comprehensive loss attributable to redeemable non-controlling interest | (0.5) | (0.1) | (1.1) | (0.1) |
Comprehensive income attributable to PVH Corp. | $ 210.3 | $ 79.2 | $ 614.6 | $ 452.8 |
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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 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 (Parenthetical) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
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Net unrealized and realized gain (loss) related to effective cash flow hedges, tax expense (benefit) | $ 2.3 | $ 2.7 | $ 0.9 | $ (1.1) |
Net gain (loss) on net investment hedge, tax expense (benefit) | $ 1.6 | $ 2.5 | $ (12.0) | $ 5.4 |
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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), 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 classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. 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. 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 classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within 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 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 |
Oct. 29, 2017 |
Jan. 29, 2017 |
Oct. 30, 2016 |
---|---|---|---|
Current Assets: | |||
Allowance for doubtful accounts | $ 18.3 | $ 15.0 | $ 16.3 |
Other Assets: | |||
Other assets, deferred taxes | 23.6 | 17.4 | 2.9 |
Liabilities: | |||
Other liabilities, deferred taxes | $ 823.3 | $ 877.7 | $ 868.8 |
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) | 84,323,758 | 83,923,184 | 83,910,459 |
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) | 7,243,364 | 5,371,660 | 4,436,983 |
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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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X | ||||||||||
- 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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X | ||||||||||
- 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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X | ||||||||||
- 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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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
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X | ||||||||||
- 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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X | ||||||||||
- 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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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- 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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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 Impairment of Long-Lived Assets, Excluding Goodwill 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 Net Loss (Gain) on Deconsolidation of Subsidiaries and Joint Venture No definition available.
|
X | ||||||||||
- Definition Repayment of Term Loan B under 2014 Facilities No definition available.
|
X | ||||||||||
- References No definition available.
|
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
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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 Amount of gain (loss) recognized in net periodic benefit (cost) credit from settlement and curtailment. 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
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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 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
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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.
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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
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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
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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
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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
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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
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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
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X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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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
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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
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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
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X | ||||||||||
- Definition Amount of payment for pension benefits. Excludes other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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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 Amount of cash inflow from issuance of shares under share-based compensation arrangement. Issuance includes, but is not limited to, exercise of stock options and similar instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
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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
|
X | ||||||||||
- Definition The cash inflow from a loan, supported by a promissory note, granted to related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. 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
|
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
|
GENERAL |
9 Months Ended |
---|---|
Oct. 29, 2017 | |
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, Olga and, as of March 30, 2017, True&Co., which are owned, and Speedo, which is licensed, as well as various other owned, licensed and private label brands. The Company designs and markets branded dress shirts, neckwear, sportswear, jeanswear, performance apparel, intimate apparel, underwear, swim products, handbags, accessories, 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 and common law 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 further discussion. During the second quarter of 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. PVH Ethiopia 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 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 29, 2017. 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016 are not necessarily indicative of those for a full fiscal year due, in part, to seasonal factors. The data contained in these consolidated 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, which are subject to exchange rate fluctuations, as a component of selling, general and administrative (“SG&A”) expenses in its Consolidated Income Statements. Warehousing and distribution expenses incurred in the thirteen and thirty-nine weeks ended October 29, 2017 totaled $72.3 million and $200.2 million, respectively, and included costs of $2.5 million and $9.8 million, respectively, related to the consolidation within the Company’s warehouse and distribution network in North America. Warehousing and distribution expenses incurred in the thirteen and thirty-nine weeks ended October 30, 2016 totaled $65.5 million and $181.2 million, 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 |
9 Months Ended |
---|---|
Oct. 29, 2017 | |
Notes to Financial Statements [Abstract] | |
INVENTORIES | INVENTORIES Inventories are comprised principally of finished goods and are stated at the lower of cost or net realizable value, except for certain retail inventories in North America that are stated at the lower of cost or market using the retail inventory method. Cost for substantially 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 either the lower of cost or net realizable value or the lower of cost or market using the retail inventory method, as applicable. |
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 |
9 Months Ended |
---|---|
Oct. 29, 2017 | |
Business Combinations [Abstract] | |
ACQUISITIONS | ACQUISITIONS Acquisition of the Wholesale and Concessions Businesses in Belgium and Luxembourg The Company acquired on September 1, 2017 the Tommy Hilfiger and Calvin Klein wholesale and concessions businesses in Belgium and Luxembourg from a former agent (the “Belgian acquisition”). As a result of this acquisition, the Company now operates directly its Tommy Hilfiger and Calvin Klein businesses in this region. The acquisition date fair value of the consideration was $13.9 million, consisting of $12.0 million paid in cash and $1.9 million included in accrued expenses in the Company’s Consolidated Balance Sheet as of October 29, 2017, which is expected to be paid in the fourth quarter of 2017. The estimated fair value of assets acquired and liabilities assumed included $11.9 million of goodwill and $2.0 million of other net assets. The goodwill of $11.9 million was assigned as of the acquisition date to the Company’s Tommy Hilfiger International and Calvin Klein International segments in the amounts of $10.7 million and $1.2 million, respectively, which are the Company’s reporting units that are expected to benefit from the synergies of the combination. Goodwill is not expected to be deductible for tax purposes. 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. Acquisition of True & Co. The Company acquired on March 30, 2017 True & Co., a direct-to-consumer intimate apparel digital commerce retailer. This acquisition enables the Company to participate further in the fast-growing online channel and provides a platform to increase innovation, data-driven decisions and speed in the way it serves its consumers across its channels of distribution. The acquisition date fair value of the consideration paid was $28.5 million. The estimated fair value of assets acquired and liabilities assumed included $28.2 million of goodwill and $0.3 million of other net assets (including $0.4 million of cash acquired). The goodwill of $28.2 million was assigned as of the acquisition date to the Company’s Calvin Klein North America, Calvin Klein International and Heritage Brands Wholesale segments in the amounts of $7.3 million, $6.4 million and $14.5 million, respectively, which include the Company’s reporting units that are expected to benefit from the synergies of the combination. For those reporting units that had not been assigned any of the assets acquired or liabilities assumed in the acquisition, the amount of goodwill assigned was determined by calculating the estimated fair value of such reporting units before and after the acquisition. Goodwill is not expected to be deductible for tax purposes. 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. Acquisition of TH China The Company acquired on April 13, 2016 the 55% of the ownership interests in TH Asia, Ltd. (“TH China”), its former joint venture for TOMMY HILFIGER in China, that it did not already own (the “TH China acquisition”). Prior to April 13, 2016, the Company accounted for its 45% interest in TH China under the equity method of accounting. Since the completion of the TH China acquisition, the results of TH China’s operations have been 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 held a license from a subsidiary of the Company for 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 during the first quarter of 2016 of a pre-tax noncash gain of $153.1 million. Such fair value was estimated using future operating cash flow projections that were discounted at a rate of 14.4%, which accounted for the relative risks of the estimated future cash flows. Such fair value also included an estimated discount for a lack of marketability of 10.0%. The Company classified this as a Level 3 fair value measurement due to the use of these significant unobservable inputs. 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. The total fair value of TH China (at 100%) was $471.4 million. The estimated fair value of assets acquired and liabilities assumed included $258.6 million of goodwill, $110.6 million of other intangible assets and $102.2 million of other net assets (including $105.3 million of cash acquired). The goodwill of $258.6 million was assigned to the Company’s Tommy Hilfiger International segment. Goodwill will not be deductible for tax purposes. The other intangible assets of $110.6 million included reacquired license rights of $72.0 million, order backlog of $26.2 million and customer relationships of $12.4 million. The Company finalized the purchase price allocation during the fourth quarter of 2016. |
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
|
X | ||||||||||
- References No definition available.
|
ASSETS HELD FOR SALE |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 29, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets Held For Sale [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS HELD FOR SALE | ASSETS HELD FOR SALE Deconsolidation of the Mexico Business On November 30, 2016, the Company and Grupo Axo, S.A.P.I. de C.V. (“Grupo Axo”) formed a joint venture (“PVH Mexico”), in which the Company acquired a 49% economic interest. PVH Mexico licenses from wholly owned subsidiaries of the Company the rights to distribute in Mexico certain products under the CALVIN KLEIN, TOMMY HILFIGER, Warner’s, Olga and Speedo brands. PVH Mexico was formed by merging the Company’s wholly owned subsidiary that principally operated and managed the Calvin Klein business in Mexico (the “Mexico business”) with a wholly owned subsidiary of Grupo Axo that distributes certain TOMMY HILFIGER brand products in Mexico. In connection with the formation of PVH Mexico, the Company deconsolidated the Mexico business (the “Mexico deconsolidation”) and began accounting for its 49% interest under the equity method of accounting in the fourth quarter of 2016. In advance of the Mexico deconsolidation, the Company classified the assets and liabilities of the Mexico business as held for sale as of October 30, 2016 and recorded a pre-tax noncash loss of $76.9 million during the third quarter of 2016 (including $47.2 million related to foreign currency translation adjustment losses recorded in accumulated other comprehensive loss (“AOCL”)) to write down the net assets of the Mexico business to its estimated fair value as of October 30, 2016. The fair value of the net assets of $70.3 million was estimated as the fair value of the 49% interest in PVH Mexico that the Company would acquire upon the formation of PVH Mexico, based on future operating cash flow projections that were discounted at a rate of 15.0%, which accounted for the relative risks of the estimated future cash flows. Such fair value also included an estimated discount for a lack of marketability of 10.0%. The Company classified this as a Level 3 fair value measurement due to the use of these significant unobservable inputs. The $76.9 million loss was included in other noncash (loss) gain, net in the Company’s Consolidated Income Statements for the thirteen and thirty-nine weeks ended October 30, 2016. In connection with the closing of the transaction in the fourth quarter of 2016, the loss was remeasured in order to reduce the carrying value of the Mexico business to fair value as of November 30, 2016, resulting in an additional pre-tax noncash loss of $4.9 million recorded in the fourth quarter of 2016. The assets and liabilities of the Mexico business classified as held for sale on the Company’s Consolidated Balance Sheet as of October 30, 2016 were principally included in the Calvin Klein North America segment and consisted of the following:
Sale of Building in Amsterdam During 2015, one of the Company’s European subsidiaries entered into an agreement to sell a building in Amsterdam, the Netherlands. The Company classified the building as held for sale in the fourth quarter of 2015 and ceased recording depreciation on the building at that time. The Company completed the sale of the building in the second quarter of 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 SG&A 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.
|
X | ||||||||||
- Definition Assets Held For Sale [Text Block] No definition available.
|
INVESTMENTS IN UNCONSOLIDATED AFFILIATES |
9 Months Ended |
---|---|
Oct. 29, 2017 | |
Equity Method Investments and Joint Ventures [Abstract] | |
INVESTMENTS IN UNCONSOLIDATED AFFILIATES | INVESTMENTS IN UNCONSOLIDATED AFFILIATES As of October 29, 2017, January 29, 2017 and October 30, 2016, the Company had investments in unconsolidated affiliates of $186.3 million, $180.0 million and $119.2 million, respectively. These investments are accounted for under the equity method of accounting and included in other assets in the Company’s Consolidated Balance Sheets. The Company received dividends of $3.7 million from these investments during the thirty-nine weeks ended October 29, 2017 and made payments related to these investments of $4.5 million and $3.0 million during the thirty-nine weeks ended October 29, 2017 and October 30, 2016, respectively, to contribute its share of the joint venture funding for the periods. The Company acquired approximately 10% of the outstanding capital stock of Gazal Corporation Limited (“Gazal”), which is listed on the Australian Securities Exchange, during the third quarter of 2016 for $9.2 million. Additionally, the Company issued a note receivable due April 2, 2017 to its joint venture in Brazil during the third quarter of 2016 for $12.5 million, of which $6.2 million was repaid in the fourth quarter of 2016 and the remaining balance, including accrued interest, was repaid in the first quarter of 2017. The Company and Grupo Axo formed PVH Mexico in the fourth quarter of 2016, in which the Company owns a 49% economic interest. In connection with the formation of PVH Mexico, the Company deconsolidated the Mexico business and began accounting for its 49% interest under the equity method of accounting in the fourth quarter of 2016. Please see Note 4, “Assets Held for Sale,” for further discussion. |
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 |
9 Months Ended |
---|---|
Oct. 29, 2017 | |
Redeemable Non-Controlling Interest [Abstract] | |
REDEEMABLE NON-CONTROLLING INTEREST | REDEEMABLE NON-CONTROLLING INTEREST During the second quarter of 2016, the Company and Arvind formed PVH Ethiopia, in which the Company owns a 75% interest. The Company has consolidated the joint venture in its consolidated financial statements. PVH Ethiopia was formed to operate a manufacturing facility that produces finished products for the Company for distribution primarily in the United States. The manufacturing facility began operations in the first half of 2017. The shareholders agreement governing the joint venture (the “Shareholders Agreement”) contains a put option under which Arvind 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 Arvind 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 Arvind; or (iii) all of its shares in the event that Arvind 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 redeemable non-controlling interest (“RNCI”) as of the date of formation of the joint venture was $0.1 million. The carrying amount of the RNCI 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 adjusted for the minority shareholder’s share of net income or loss. Any adjustment to the redemption amount of the RNCI is determined after attribution of net income or loss of the RNCI and will be recognized immediately in retained earnings of the Company, since it is probable that the RNCI will become redeemable in the future based on the passage of time. The carrying amount of the RNCI, which is also its fair value, increased to $2.6 million as of October 29, 2017 from $2.0 million as of January 29, 2017, attributable to additional contributions of $1.7 million made by Arvind during the first quarter of 2017 for its proportionate share of the joint venture funding, partially offset by a net loss attributable to the RNCI for the thirty-nine weeks ended October 29, 2017 of $1.1 million. The carrying amount of the RNCI as of October 30, 2016 was $1.2 million. |
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- Definition Redeemable Non-Controlling Interest [Abstract] No definition available.
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- 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 thirty-nine weeks ended October 29, 2017, by segment (please see Note 18, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:
The goodwill acquired in the True & Co. and Belgian acquisitions was assigned as of the acquisition dates to the Company’s reporting units that are expected to benefit from the synergies of the combinations. For those reporting units that had not been assigned any of the assets acquired or liabilities assumed in the True & Co. acquisition, the amount of goodwill assigned was determined by calculating the estimated fair value of such reporting units before and after the acquisition. The Company is required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 October 29, 2017 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. As a result of the Company’s acquisition of The Warnaco Group, Inc. (“Warnaco”), 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. Both of the Company’s postretirement health care and life insurance benefit plans are frozen. The Company refers to these two plans as its “Postretirement Plans.” Net benefit cost related to the Pension Plans was recognized in SG&A expenses in the Company’s Consolidated Income Statements as follows:
During the first quarter of 2017, the Company completed the purchase of a group annuity using assets from the Pension Plans. Under the group annuity, the accrued pension obligations for approximately 4,000 retiree participants who had deferred vested benefits under the Pension Plans were transferred to an insurer. As a result, the Company recognized a loss of $9.4 million, which was recorded in SG&A expenses in the Company’s Consolidated Income Statement for the thirty-nine weeks ended October 29, 2017. The amount of the pension benefit obligation settled was $65.3 million. Net benefit cost related to the SERP Plans was recognized in SG&A expenses in the Company’s Consolidated Income Statements as follows:
Net benefit cost related to the Postretirement Plans was immaterial for the thirteen and thirty-nine weeks ended October 29, 2017 and October 30, 2016. Currently, the Company does not expect to make any material contributions to the Pension Plans in 2017. 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 The Company 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 October 29, 2017, the Company had $190.0 million outstanding under these facilities. The weighted average interest rate on the funds borrowed as of October 29, 2017 was approximately 3.05%. The maximum amount of revolving borrowings outstanding under these facilities during the thirty-nine weeks ended October 29, 2017 was $205.0 million. Additionally, the Company has the availability to borrow under short-term lines of credit, overdraft facilities and short-term revolving credit facilities denominated in various foreign currencies. These facilities provided for borrowings of up to $94.3 million based on exchange rates in effect on October 29, 2017 and are utilized primarily to fund working capital needs. As of October 29, 2017, the Company had $17.5 million outstanding under these facilities. The weighted average interest rate on the funds borrowed as of October 29, 2017 was approximately 0.18%. The maximum amount of borrowings outstanding under these facilities during the thirty-nine weeks ended October 29, 2017 was $27.3 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 October 29, 2017, January 29, 2017 and October 30, 2016. As of October 29, 2017, 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 and 4 1/2% senior unsecured notes due 2022 as of October 29, 2017 because the carrying amounts reflect the unamortized portions of debt issuance costs and the original issue discounts. As of October 29, 2017, after taking into account the effect of the Company’s interest rate swap agreement, which was in effect as of such date, approximately 60% of the Company’s long-term debt was at a fixed interest rate, with the remainder at variable interest rates. 2016 Senior Secured Credit Facilities The Company has senior secured credit facilities due May 19, 2021 (the “2016 facilities”) that 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, British pound sterling, Japanese yen or Swiss francs. Borrowings under the 2016 facilities bear interest at variable rates calculated in a manner as set forth in the terms of the 2016 facilities. The Company had prior senior secured credit facilities outstanding through May 19, 2016 (the “2014 facilities”), which were amended by the 2016 facilities in the second quarter of 2016. Among other things, this amendment provided for (i) the Company to borrow an additional $582.0 million principal amount of loans under the Term Loan A facility, (ii) the repayment of all outstanding loans under the previously outstanding Term Loan B facility with the proceeds of the additional loans under the Term Loan A facility, and (iii) the termination of the Term Loan B facility. 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 Company had loans outstanding of $1,991.6 million, net of original issue discounts and debt issuance costs, under the Term Loan A facility and $190.0 million of borrowings outstanding under the senior secured revolving credit facilities as of October 29, 2017. The senior secured revolving credit facilities also include amounts available for letters of credit. As of October 29, 2017, the Company had $22.6 million of outstanding letters of credit. The Company made payments of $50.0 million and $251.3 million during the thirty-nine weeks ended October 29, 2017 and October 30, 2016, respectively, on its term loans under the 2016 facilities and 2014 facilities. As a result of the voluntary repayments made by the Company, as of October 29, 2017, the Company is not required to make a long-term debt repayment until December 2018. During the second quarter of 2017, the Company entered into an interest rate swap agreement for a two-year term commencing on February 20, 2018. The agreement was designed with the intended effect of converting an initial notional amount of $306.5 million of the Company’s variable rate debt obligation 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 London Interbank Borrowing rate (“LIBOR”) will be eliminated and the Company will pay a fixed rate of 1.566%, plus the current applicable margin. 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 to fixed rate debt. Such agreement remains outstanding with a notional amount of $678.9 million as of October 29, 2017. 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. 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. 4 1/2% Senior Notes Due 2022 The Company has outstanding $700.0 million principal amount of 4 1/2% senior notes due December 15, 2022. 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. 7 3/4% Debentures Due 2023 The Company has outstanding $100.0 million of debentures due November 15, 2023 that accrue interest at the rate of 7 3/4%. 3 5/8% Euro 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 2016 facilities, the 7 3/4% debentures due 2023 and contingent purchase price payments to Mr. Calvin Klein as discussed in Note 7, “Goodwill.” The Company’s financing arrangements contain financial and non-financial covenants and customary events of default. As of October 29, 2017, the Company was in compliance with all applicable covenants. Please refer to Note 8, “Debt,” in the Notes to Consolidated Financial Statements included in Item 8 of the Company’s Annual Report on Form 10-K for the year ended January 29, 2017 for further discussion of the Company’s debt. |
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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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Oct. 29, 2017 | |
Notes to Financial Statements [Abstract] | |
INCOME TAXES | INCOME TAXES The effective income tax rates for the thirteen weeks ended October 29, 2017 and October 30, 2016 were 4.4% and 25.3%, respectively. The effective income tax rates for the thirty-nine weeks ended October 29, 2017 and October 30, 2016 were 11.7% and 18.4%, respectively. The effective income tax rates for the thirteen and thirty-nine weeks ended October 29, 2017 and October 30, 2016 were lower than the United States statutory rate due to the benefit of overall lower tax rates in certain international jurisdictions where the Company files tax returns. The effective income tax rates for the thirteen and thirty-nine weeks ended October 29, 2017 also included the overall benefit of certain discrete items, including the favorable impact on certain liabilities for uncertain tax positions from the expiration of applicable statutes of limitation, which resulted in a benefit to the Company’s effective income tax rates of 14.7% and 6.9%, respectively. The effective income tax rates for the thirteen and thirty-nine weeks ended October 30, 2016 also included the overall benefit of certain discrete items, including the favorable impact on certain liabilities for uncertain tax positions from the expiration of applicable statutes of limitation that resulted in a benefit to the Company’s effective income tax rates of 14.1% and 4.9%, respectively, partially offset by the unfavorable impact of the tax expense recorded on the assets held for sale in connection with the Mexico deconsolidation that resulted in a provision to the Company’s effective income tax rates of 9.8% and 3.0%, respectively. The effective income tax rate for the thirty-nine weeks ended October 30, 2016 also included the favorable impact of the lower tax rate applicable to the pre-tax gain recorded to write-up the Company’s equity investment in TH China to fair value that resulted in a 7.0% benefit to the Company’s effective income tax rate. The Company files income tax returns in more than 40 international jurisdictions each year. All of the international jurisdictions in which the Company files tax returns, with the exception of Japan, have lower statutory tax rates than the United States statutory tax rate. A substantial amount of the Company’s earnings come from international operations, particularly in the Netherlands, Hong Kong, China, Korea and Canada. The lower statutory income tax rates in these jurisdictions, as compared to the United States statutory rate, coupled with special rates levied on income from certain of the Company’s jurisdictional activities, significantly reduce the Company’s consolidated effective income tax rate. |
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- References No definition available.
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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 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. Please see Note 9, “Debt,” for further discussion of the Company’s facilities and these agreements. The Company records the foreign currency forward exchange contracts and interest rate swap agreements at fair value in its Consolidated Balance Sheets, and does not net the related assets and liabilities. The foreign currency forward exchange contracts associated with certain international inventory purchases and the interest rate swap agreements are designated as effective hedging instruments (collectively referred to as “cash flow hedges”). The changes in the fair value of the cash flow hedges are recorded in equity as a component of 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016. 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 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 at 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. The fair value and the carrying value of the foreign currency borrowings designated as a net investment hedge were $448.8 million and $400.0 million, respectively, as of October 29, 2017, $384.1 million and $367.5 million, respectively, as of January 29, 2017 and $403.3 million and $375.6 million, respectively, as of October 30, 2016. 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 thirty-nine weeks ended October 29, 2017 and October 30, 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 transactions and intercompany loans that are not of a long-term investment nature. Any gains and losses that are immediately recognized in earnings on such contracts are largely offset by the remeasurement of the underlying intercompany 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, beginning in the second quarter of 2016, the Company entered into several foreign currency option contracts. These contracts represent the Company’s purchase of euro put/United States dollar call options and Chinese yuan renminbi put/United States dollar call options. 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 immediately recognized in earnings. This mitigates, to an extent, the effect of any strengthening of the United States dollar against the euro and Chinese yuan renminbi on the reporting of the Company’s euro-denominated and Chinese yuan renminbi-denominated earnings, respectively. 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 October 29, 2017, the notional amount outstanding of foreign currency forward exchange contracts and foreign currency option contracts was $1,043.1 million and $50.0 million, respectively. Such contracts expire principally between November 2017 and April 2019. 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 October 29, 2017 of $31.5 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 swap agreements at October 29, 2017 of $1.0 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 recognized in SG&A expenses in its Consolidated Income Statements:
The Company had no derivative financial instruments with credit risk-related contingent features underlying the related contracts as of October 29, 2017. |
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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 In accordance with accounting principles generally accepted in the United States, fair value is defined 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. A three level hierarchy prioritizes the inputs used to measure fair value 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 value of the interest rate swap agreements is based on observable interest rate yield curves and represents 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 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 in its joint venture for TOMMY HILFIGER in India), the Company was 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 six consecutive 12-month periods. Such payments were subject to a $25.0 million aggregate maximum and were due within 60 days following each one-year period, with the final payment made in the third quarter of 2017. The Company made annual contingent purchase price payments of $0.8 million, $0.6 million, $0.6 million, $0.6 million, $0.4 million and $0.2 million during 2017, 2016, 2015, 2014, 2013 and 2012, respectively. The Company was required to remeasure this liability at fair value on a recurring basis and classified 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 were included within SG&A 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016:
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 (consisting of property, plant and equipment) during the thirty-nine weeks ended October 29, 2017 and October 30, 2016, and the total impairments recorded as a result of the remeasurement process:
Long-lived assets with a carrying amount of $2.6 million were written down to a fair value of $0.4 million during the thirty-nine weeks ended October 29, 2017 in connection with the financial performance in certain of the Company’s retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The impairment charge of $2.2 million was included in SG&A expenses, of which $1.8 million was recorded in the Calvin Klein North America segment and $0.4 million was recorded in the Tommy Hilfiger North America segment. Long-lived assets with a carrying amount of $7.0 million were written down to a fair value of $0 during the thirty-nine weeks ended October 30, 2016 in connection with the financial performance in certain of the Company’s retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The impairment charge of $7.0 million was included in SG&A expenses, of which $0.7 million was recorded in the Calvin Klein North America segment, $1.7 million was recorded in the Calvin Klein International segment, $1.3 million was recorded in the Tommy Hilfiger North America segment and $3.3 million was recorded in the Tommy Hilfiger International segment. The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt as of October 29, 2017, January 29, 2017 and October 30, 2016 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; (vii) performance share units (“PSUs”); and (viii) 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 October 29, 2017, 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016 included $33.0 million and $28.9 million, respectively, of pre-tax expense related to stock-based compensation, with related recognized income tax benefits of $10.2 million and $8.7 million, respectively. Effective the first quarter of 2017, the Company adopted an update to accounting guidance that simplifies several aspects of accounting for share-based payment award transactions, which resulted in the Company’s election to recognize forfeitures as they occur rather than continue to estimate expected forfeitures in determining compensation expense. This accounting change was applied on a modified retrospective basis and resulted in a cumulative-effect adjustment to decrease beginning retained earnings by $0.8 million, with an offsetting increase to additional paid in capital of $1.1 million and an increase to deferred tax assets of $0.3 million. Please see Note 20, “Recent Accounting Guidance,” for further discussion. 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016 were $9.3 million and $6.6 million, respectively. As a result of the Company’s adoption of the update discussed above, the Company recognized an immaterial amount of discrete net excess tax deficiencies related to share-based payments in its provision for income taxes for the thirty-nine weeks ended October 29, 2017. Prior to the adoption of this update, the Company recognized excess tax benefits or tax deficiencies in equity as a component of additional paid in capital. Stock Options 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 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016:
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. The Company will continue to evaluate the appropriateness of utilizing such method. Service-based stock option activity for the thirty-nine weeks ended October 29, 2017 was as follows:
Restricted Stock Units RSUs granted to employees since 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 RSUs is equal to the closing price of the Company’s common stock on the date of grant and is expensed over the RSUs’ vesting periods. RSU activity for the thirty-nine weeks ended October 29, 2017 was as follows:
Performance Share Units The Company granted contingently issuable PSUs to certain of the Company’s senior executives during 2015, 2016 and 2017 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. The Company records expense ratably over the applicable vesting period regardless of whether the market condition is satisfied because the awards are subject to market conditions. The fair value of the awards granted in 2017 and 2016 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 2017 and 2016 are subject to a holding period of one year after the vesting date. For such awards, the grant date fair value was discounted 12.67% and 12.99%, respectively, for the restriction of liquidity. PSU activity for the thirty-nine weeks ended October 29, 2017 was as follows:
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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 thirty-nine weeks ended October 29, 2017:
(1) Foreign currency translation adjustments included a net loss on net investment hedge of $19.8 million. The following table presents the changes in AOCL, net of related taxes, by component for the thirty-nine weeks ended October 30, 2016:
(2) Foreign currency translation adjustments included a net gain on net investment hedge of $9.0 million. The following table presents reclassifications out of AOCL to earnings for the thirteen and thirty-nine weeks ended October 29, 2017 and October 30, 2016:
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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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Stockholders' Equity Attributable to Parent [Abstract] | |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY The Company’s Board of Directors authorized a $500.0 million three-year stock repurchase program effective June 3, 2015. On March 21, 2017, the Board of Directors authorized a $750.0 million increase to the program and extended the program to June 3, 2020. 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 by the Board of Directors, including to increase or decrease the repurchase limitation or extend, suspend, or terminate the program, at any time, without prior notice. During the thirty-nine weeks ended October 29, 2017 and October 30, 2016, the Company purchased 1.8 million shares and 2.3 million shares, respectively, of its common stock under the program in open market transactions for $192.3 million and $225.8 million, respectively. As of October 29, 2017, the repurchased shares were held as treasury stock and $616.5 million of the authorization remained available for future share repurchases. Treasury stock activity also includes shares that were withheld principally in conjunction with the settlement of vested restricted stock, RSUs and PSUs 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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Earnings Per Share [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 October 29, 2017 and October 30, 2016 and, therefore, were excluded from the calculation of diluted net income per common share for the thirteen and thirty-nine weeks ended October 29, 2017 and October 30, 2016. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.1 million as of both October 29, 2017 and October 30, 2016. 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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Notes to Financial Statements [Abstract] | |
NONCASH INVESTING AND FINANCING TRANSACTIONS | NONCASH INVESTING AND FINANCING TRANSACTIONS The Company recorded increases to goodwill of $42.6 million and $40.3 million during the thirty-nine weeks ended October 29, 2017 and October 30, 2016, 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016, the Company paid $37.7 million and $36.4 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 thirty-nine weeks ended October 29, 2017 and October 30, 2016 were $2.1 million and $6.3 million, respectively, of assets acquired through capital leases. Omitted from acquisition of treasury shares in the Company’s Consolidated Statements of Cash Flows for the thirty-nine weeks ended October 29, 2017 and October 30, 2016 were $1.9 million and $3.2 million, respectively, of shares repurchased under the stock repurchase program for which the trades occurred but remained unsettled as of the end of the respective period. The Company completed the Belgian acquisition during the third quarter of 2017. Omitted from business acquisitions, net of cash acquired in the Company’s Statement of Cash Flows for the thirty-nine weeks ended October 29, 2017 was a $1.9 million payable for the portion of the acquisition consideration expected to be paid in the fourth quarter of 2017. The Company recorded during the second quarter of 2016 a loss of $11.2 million to write-off previously capitalized debt issuance costs in connection with the amendment of its senior secured credit facilities. The Company completed the TH China acquisition during the first quarter of 2016. 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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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 the United States and Canada, primarily to department and specialty stores and digital commerce sites operated by key department store customers and pure play digital commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in the United States and Canada, and digital commerce sites in the United States and Canada, 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 CALVIN KLEIN brand names for a broad array of products in North America. This segment also includes, since December 2016, the Company’s proportionate share of the net income or loss of its investment in its unconsolidated foreign affiliate in Mexico relating to the affiliate’s Calvin Klein business. 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, digital commerce sites operated by key department store customers and pure play digital commerce retailers, franchisees, distributors and licensees; (ii) operating retail stores and digital 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 CALVIN KLEIN brand names 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 its unconsolidated foreign affiliate in Australia relating to the affiliate’s Calvin Klein business and its unconsolidated Calvin Klein foreign affiliate in 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 the United States and Canada, primarily to department stores, principally Macy’s, Inc. and Hudson’s Bay Company, as well as digital commerce sites operated by these department store customers and pure play digital commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in the United States and Canada, and a digital commerce site in the United States, 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 names for a broad array of products in North America. This segment also includes, since December 2016, the Company’s proportionate share of the net income or loss of its investment in its unconsolidated foreign affiliate in Mexico relating to the affiliate’s Tommy Hilfiger business. 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, digital commerce sites operated by key department store customers and pure play digital commerce retailers, franchisees, distributors and licensees; (ii) operating retail stores in Europe, China and Japan and international digital 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 names 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 its unconsolidated Tommy Hilfiger foreign affiliates in Brazil and India and its unconsolidated foreign affiliate in Australia relating to the affiliate’s Tommy Hilfiger business. 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 began to consolidate the operations as a wholly owned subsidiary of the Company in conjunction with the TH China acquisition. Please see Note 3, “Acquisitions,” for further discussion. Heritage Brands Wholesale Segment - This segment consists of the Company’s Heritage Brands Wholesale division. This segment derives revenue primarily from the marketing to department, chain and specialty stores and digital commerce sites operated by select wholesale partners and pure play digital commerce retailers in North America of (i) dress shirts and neckwear 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 derives revenue from Company operated digital commerce sites in the United States through SpeedoUSA.com and, since March 30, 2017, TrueandCo.com. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated foreign affiliates in Australia and, since December 2016, in Mexico relating to the affiliate’s Heritage Brands businesses. 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 throughout the United States and Canada, which primarily sell apparel, accessories and related products. A majority of the Company’s Heritage Brands stores offer a broad selection of Van Heusen men’s and women’s apparel, along with a limited selection of the Company’s dress shirt and neckwear offerings and IZOD Golf, Warner’s and Speedo brand products. Approximately half of these stores operate under the Van Heusen name, with the remaining stores featuring multiple brand names on the door signage. 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, the Calvin Klein North America segment and the Tommy Hilfiger North America segment. |
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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 |
9 Months Ended |
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Oct. 29, 2017 | |
Guarantees [Abstract] | |
GUARANTEES | GUARANTEES The Company is deemed to have 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 obligations deemed to be guaranteed include minimum rent payments and relate to leases that commenced prior to the sale of the Bass assets. In certain instances, the Company’s obligations remain in effect when an option is exercised to extend the term of the lease. The maximum amount deemed to have been guaranteed for all leases as of October 29, 2017 was $14.8 million and the Company has the right to seek recourse from the buyer of the Bass assets for the full amount. The liability for the guaranteed lease payments as of October 29, 2017, January 29, 2017 and October 30, 2016 was $0.7 million, $1.1 million and $1.1 million, respectively, which was included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. In connection with the Company’s investments in its joint venture in Australia and one of its joint ventures in India, the Company has guaranteed a portion of the entities’ debt and other obligations. The maximum amount guaranteed as of October 29, 2017 was approximately $11.9 million, which is subject to exchange rate fluctuation. The guarantees are in effect for the entire terms of the respective obligations. The liability for these guarantee obligations was immaterial as of October 29, 2017, January 29, 2017 and October 30, 2016. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RECENT ACCOUNTING GUIDANCE |
9 Months Ended |
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Oct. 29, 2017 | |
Notes to Financial Statements [Abstract] | |
RECENT ACCOUNTING GUIDANCE | RECENT ACCOUNTING GUIDANCE Recently Adopted Accounting Guidance The FASB issued in July 2015 an update to accounting guidance to simplify the measurement of inventory. The update 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 update does not apply to inventory measured using last-in, first-out or the retail inventory methods. Previously, all inventory was measured at the lower of cost or market. The Company adopted this update in the first quarter of 2017 and it did not have a material impact on the Company’s consolidated financial statements. The FASB issued in March 2016 an update to accounting guidance to simplify several aspects of accounting for share-based payment award transactions, including the accounting for forfeitures, income taxes and statutory tax withholding requirements, as well as classification of these transactions in the statement of cash flows. The Company adopted this update in the first quarter of 2017. With respect to accounting for forfeitures, the Company has elected to recognize forfeitures as they occur rather than continue to estimate expected forfeitures in determining compensation expense. This accounting change was applied on a modified retrospective basis and resulted in a cumulative-effect adjustment to decrease beginning retained earnings by $0.8 million, with an offsetting increase to additional paid in capital of $1.1 million and an increase to deferred tax assets of $0.3 million. With respect to the accounting for income taxes, this update requires, on a prospective basis, recognition of excess tax benefits and tax deficiencies (resulting from an increase or decrease in the fair value of an award from grant date to the vesting or exercise date) in the provision for income taxes as a discrete item in the quarterly period in which they occur. Prior to the adoption of this update, the Company recognized excess tax benefits or tax deficiencies in equity as a component of additional paid in capital. During the thirty-nine weeks ended October 29, 2017, the Company recognized in income tax expense an immaterial amount of discrete net excess tax deficiencies. In addition, excess tax benefits are now classified as an operating activity in the Company’s Consolidated Statements of Cash Flows instead of as a financing activity, and such classification has been applied on a retrospective basis to all periods presented. As a result, excess tax benefits of $0.9 million for the thirty-nine weeks ended October 30, 2016 was reclassified from financing activities to operating activities. The update also requires that the value of shares withheld from employees upon vesting of stock awards in order to satisfy any applicable tax withholding requirements are presented within financing activities in the Company’s Consolidated Statements of Cash Flows, which is consistent with the Company’s historical presentation, and therefore had no impact to the Company. Accounting Guidance Issued But Not Adopted as of October 29, 2017 The FASB issued in May 2014 guidance that supersedes most of the current revenue recognition requirements. The core principle of the 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. In 2016, the FASB issued several amendments to clarify various aspects of the implementation guidance. The new standard is required to be applied retrospectively to each prior reporting period (full retrospective method) or retrospectively with the cumulative effect of initially applying the standard recognized as an adjustment to opening retained earnings at the date of initial adoption (modified retrospective method). The Company formed a global, cross-functional project team to analyze the impacts of the guidance across all of its revenue streams. This included review of current accounting policies and practices to identify potential differences that would result from applying the guidance. The majority of the Company’s revenue is generated from sales of finished products, which will continue to be recognized when control is transferred to the customer. The Company’s assessment included an evaluation of the impact that the guidance will have on the Company’s accounting for royalty and advertising revenue, loyalty programs and gift cards. Under the guidance, the Company’s royalty and advertising revenue will continue to be recognized over time, however, the timing of the recognition of revenue among quarters may be affected for certain of the Company’s licensing arrangements. For loyalty programs, the Company records costs associated with such programs ratably as a cost of goods sold based on enrolled customers’ spending. Under the guidance, the revenue associated with loyalty awards will be initially deferred when the loyalty awards are earned and recognized, along with the related cost of goods sold, as the loyalty awards are redeemed or expire. Revenue for the unredeemed portion of gift cards, which is currently recognized when the likelihood of redemption becomes remote, will be recognized under the guidance proportionately over the estimated customer redemption period, subject to the constraint that it must be highly probable that a significant reversal of revenue will not occur. The adoption of the guidance is not expected to have a material impact on the Company’s consolidated financial statements. The Company plans to adopt the standard in the first quarter of 2018 using the modified retrospective method. The FASB issued in January 2016 an update to accounting guidance for the recognition and measurement of financial instruments. The update 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 update will be effective for the Company in the first quarter of 2018. The adoption is not expected to have any impact on the Company’s consolidated financial statements as the Company does not currently have such investments. 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 most 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 adoption 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 its consolidated financial statements but expects that the standard will result in a significant increase to its other assets and other liabilities. The FASB issued in August 2016 an update to accounting guidance to clarify and provide specific guidance on how certain cash receipts and cash payments are classified in the statement of cash flows with the objective of reducing existing diversity in practice with respect to these items. Among the types of cash flows addressed are payments for costs related to debt prepayments or extinguishments, payments of contingent consideration after a business combination and distributions from equity method investees. The update will be effective for the Company in the first quarter of 2018, with early adoption permitted. Retrospective adoption is required. Upon adoption, contingent purchase price payments that are currently classified as cash flows from investing activities will be classified as cash flows from operating activities in the Company’s Consolidated Statements of Cash Flows. Otherwise, the adoption of the update is not expected to have a material impact on the Company’s consolidated financial statements. The FASB issued in October 2016 an update to accounting guidance to simplify income tax accounting on intercompany sales or transfers of assets other than inventory. The existing guidance requires entities to defer the income tax effect of intercompany transfers of assets until the asset has been sold to an outside party or otherwise recognized. The update requires companies to immediately recognize in their income statement the income tax effects of an intercompany sale or transfer of an asset other than inventory. The update will be effective for the Company in the first quarter of 2018. Entities are required to apply the update using a modified retrospective approach with a cumulative catch-up adjustment to opening retained earnings in the period of adoption. As of October 29, 2017, the Company had deferred charges of $7.7 million related to intercompany sales and transfers of assets recorded in other assets. Upon adoption of this update, other assets will be reduced by the then current amount of deferred charges with a corresponding adjustment to opening retained earnings. The FASB issued in November 2016 an update to accounting guidance to clarify and provide specific guidance on the cash flow classifications and presentation of changes in restricted cash. The update requires that restricted cash be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown in the statement of cash flows. The update will be effective for the Company in the first quarter of 2018, with early adoption permitted. Retrospective adoption is required. The adoption is not expected to have any impact on the Company’s Consolidated Statement of Cash Flows as the Company does not currently have any restricted cash. The FASB issued in January 2017 an update to accounting guidance to revise the definition of a business. The update requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of identifiable assets, the set of assets would not represent a business. Also, in order to be considered a business, an acquisition would have to include an input and a substantive process that together significantly contribute to the ability to produce outputs. Under the update, fewer sets of assets are expected to be considered businesses. The update will be effective for the Company in the first quarter of 2018, with early adoption permitted. The Company will apply the update to applicable transactions after the adoption date. The impact on the Company’s consolidated financial statements will depend on the facts and circumstances of any specific future transactions. The FASB issued in March 2017 an update to accounting guidance to change the income statement presentation of net periodic pension cost and net periodic postretirement benefit cost. The update requires employers to report the service cost component of pension and postretirement net benefit cost in the same income statement line item as other compensation costs arising from services rendered by the employees during the applicable period. The other components of net benefit cost are required to be presented in the income statement separately from the service component and outside a subtotal of income from operations, if one is presented. Additionally, only the service cost component of net benefit cost is eligible for capitalization, when applicable. The update will be effective for the Company in the first quarter of 2018. Retrospective adoption is required for the presentation updates and prospective adoption is required for the capitalization update. The update will impact the presentation of net periodic pension cost and net periodic postretirement benefit cost within income before interest and taxes in the Company’s Consolidated Income Statements. Otherwise, the adoption of this update will not have a material impact on the Company’s consolidated financial statements. The FASB issued in August 2017 an update to accounting guidance to simplify the application of hedge accounting in certain situations and allow companies to better align their hedge accounting with their risk management activities. The update eliminates the requirement to separately measure and report hedge ineffectiveness and requires companies to recognize all elements of hedge accounting that impact earnings in the same income statement line as the hedged item. The update also simplifies the requirements for hedge documentation and effectiveness assessments and amends the presentation and disclosure requirements. The update will be effective for the Company in the first quarter of 2019, with early adoption permitted. Entities are required to adopt the update using a modified retrospective approach, except for the presentation and disclosure guidance, which is required to be applied on a prospective basis. The adoption is not expected to have a material impact 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 COMMENTS |
9 Months Ended |
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Oct. 29, 2017 | |
Other Comments [Abstract] | |
OTHER COMMENTS | OTHER COMMENTS Wuxi Jinmao Foreign Trade Co., Ltd. (“Wuxi”), one of the Company’s finished goods inventory suppliers, has a wholly owned subsidiary with which the Company entered into a loan agreement in the fourth quarter of 2016. Under the agreement, Wuxi’s subsidiary borrowed a principal amount of $13.8 million for the development and operation of a fabric mill. Principal payments are due in semi-annual installments beginning March 31, 2018 through September 30, 2026. The outstanding principal balance of the loan bears interest at a rate of (i) 4.50% per annum until the sixth anniversary of the closing date of the loan and (ii) LIBOR plus 4.00% thereafter. The outstanding balance, including accrued interest, was $13.9 million as of both October 29, 2017 and January 29, 2017 and was included in other assets in the Company’s Consolidated Balance Sheets. |
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- Definition Other Comments [Abstract] No definition available.
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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. No definition available.
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GENERAL (Policies) |
9 Months Ended |
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Oct. 29, 2017 | |
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 further discussion. During the second quarter of 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. PVH Ethiopia 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 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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ASSETS HELD FOR SALE (Tables) |
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Schedule of Assets Held for Sale [Table Text Block] | The assets and liabilities of the Mexico business classified as held for sale on the Company’s Consolidated Balance Sheet as of October 30, 2016 were principally included in the Calvin Klein North America segment and consisted of the following:
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- Definition Assets Held For Sale [Abstract] No definition available.
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- Definition Schedule of Assets Held for Sale [Table Text Block] No definition available.
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GOODWILL (Tables) |
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Schedule of Goodwill [Table Text Block] | The changes in the carrying amount of goodwill for the thirty-nine weeks ended October 29, 2017, by segment (please see Note 18, “Segment Data,” for 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] |
During the first quarter of 2017, the Company completed the purchase of a group annuity using assets from the Pension Plans. Under the group annuity, the accrued pension obligations for approximately 4,000 retiree participants who had deferred vested benefits under the Pension Plans were transferred to an insurer. As a result, the Company recognized a loss of $9.4 million, which was recorded in SG&A expenses in the Company’s Consolidated Income Statement for the thirty-nine weeks ended October 29, 2017. The amount of the pension benefit obligation settled was $65.3 million. Net benefit cost related to the SERP Plans was recognized in SG&A expenses in the Company’s Consolidated Income Statements as follows:
Net benefit cost related to the Postretirement Plans was immaterial for the thirteen and thirty-nine weeks ended October 29, 2017 and October 30, 2016. |
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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 October 29, 2017, 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 and 4 1/2% senior unsecured notes due 2022 as of October 29, 2017 because the carrying amounts 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 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 recognized in SG&A expenses in its Consolidated Income Statements:
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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] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 thirty-nine weeks ended October 29, 2017 and October 30, 2016:
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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 (consisting of property, plant and equipment) during the thirty-nine weeks ended October 29, 2017 and October 30, 2016, and the total impairments recorded as a result of the remeasurement process:
Long-lived assets with a carrying amount of $2.6 million were written down to a fair value of $0.4 million during the thirty-nine weeks ended October 29, 2017 in connection with the financial performance in certain of the Company’s retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The impairment charge of $2.2 million was included in SG&A expenses, of which $1.8 million was recorded in the Calvin Klein North America segment and $0.4 million was recorded in the Tommy Hilfiger North America segment. Long-lived assets with a carrying amount of $7.0 million were written down to a fair value of $0 during the thirty-nine weeks ended October 30, 2016 in connection with the financial performance in certain of the Company’s retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The impairment charge of $7.0 million was included in SG&A expenses, of which $0.7 million was recorded in the Calvin Klein North America segment, $1.7 million was recorded in the Calvin Klein International segment, $1.3 million was recorded in the Tommy Hilfiger North America segment and $3.3 million was recorded in the Tommy Hilfiger International segment. |
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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 October 29, 2017, January 29, 2017 and October 30, 2016 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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- Definition Fair Value Measurements [Abstract] No definition available.
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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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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 thirty-nine weeks ended October 29, 2017 and October 30, 2016:
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. The Company will continue to evaluate the appropriateness of utilizing such method. |
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Share-based Compensation, Stock Options, Activity [Table Text Block] | Service-based stock option activity for the thirty-nine weeks ended October 29, 2017 was as follows:
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Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | RSU activity for the thirty-nine weeks ended October 29, 2017 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 2017 and 2016 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 2017 and 2016 are subject to a holding period of one year after the vesting date. For such awards, the grant date fair value was discounted 12.67% and 12.99%, respectively, for the restriction of liquidity. |
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Schedule of Nonvested Performance-based Units Activity [Table Text Block] | PSU activity for the thirty-nine weeks ended October 29, 2017 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 for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. 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 (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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 thirty-nine weeks ended October 29, 2017:
(1) Foreign currency translation adjustments included a net loss on net investment hedge of $19.8 million. The following table presents the changes in AOCL, net of related taxes, by component for the thirty-nine weeks ended October 30, 2016:
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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 thirty-nine weeks ended October 29, 2017 and October 30, 2016:
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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) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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, the Calvin Klein North America segment and the Tommy Hilfiger 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) |
9 Months Ended |
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Oct. 29, 2017 | |
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 | 9 Months Ended | ||
---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
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Warehousing and Distribution [Line Items] | ||||
Warehousing and Distribution Expense | $ 72.3 | $ 65.5 | $ 200.2 | $ 181.2 |
North America Warehouse and Distribution Consolidation Costs included in Warehousing and Distribution Expense | $ 2.5 | $ 9.8 |
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- Definition North America Warehouse and Distribution Consolidation Costs No definition available.
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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) - Ethiopia Joint Venture [Member] |
Oct. 29, 2017 |
---|---|
Noncontrolling Interest [Line Items] | |
Noncontrolling Interest, Ownership Percentage by Parent | 75.00% |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 25.00% |
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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 equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
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- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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- Details
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ACQUISITIONS (Details) - USD ($) $ in Millions |
9 Months Ended | ||||
---|---|---|---|---|---|
Sep. 01, 2017 |
Mar. 30, 2017 |
Apr. 13, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
|
Business Acquisition [Line Items] | |||||
Gain to write-up equity investment in joint venture to fair value | $ 0.0 | $ 153.1 | |||
Belgian Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Consideration Transferred | $ 13.9 | ||||
Cash paid to acquire business | 12.0 | ||||
Business Combination, Consideration Transferred, Liabilities Incurred | 1.9 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 2.0 | ||||
Goodwill | 11.9 | 11.9 | |||
Belgian Acquisition [Member] | Tommy Hilfiger International [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | 10.7 | 10.7 | |||
Belgian Acquisition [Member] | Calvin Klein North America [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | 0.0 | ||||
Belgian Acquisition [Member] | Calvin Klein International [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | $ 1.2 | 1.2 | |||
Belgian Acquisition [Member] | Heritage Brands Wholesale [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | 0.0 | ||||
True&Co. Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Cash paid to acquire business | $ 28.5 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 0.3 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 0.4 | ||||
Goodwill | 28.2 | 28.2 | |||
True&Co. Acquisition [Member] | Tommy Hilfiger International [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | 0.0 | ||||
True&Co. Acquisition [Member] | Calvin Klein North America [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | 7.3 | 7.3 | |||
True&Co. Acquisition [Member] | Calvin Klein International [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | 6.4 | 6.4 | |||
True&Co. Acquisition [Member] | Heritage Brands Wholesale [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill | $ 14.5 | $ 14.5 | |||
Tommy Hilfiger China Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 55.00% | ||||
Fair value of acquired interest not already owned | $ 265.8 | ||||
Cash paid to acquire business | 263.0 | ||||
Pre-Acquisition Accounts Receivable | $ 2.8 | ||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage | 100.00% | ||||
Business Combination, Step Acquisition, Total Fair Value | $ 471.4 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 102.2 | ||||
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 | 258.6 | ||||
Tommy Hilfiger China Acquisition [Member] | Licensing Agreements [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 72.0 | ||||
Tommy Hilfiger China Acquisition [Member] | Order or Production Backlog [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 26.2 | ||||
Tommy Hilfiger China Acquisition [Member] | Customer Relationships [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 12.4 | ||||
Tommy Hilfiger China Joint Venture [Member] | Tommy Hilfiger China Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Equity Method Investment, Ownership Percentage | 45.00% | ||||
Carrying Value Prior To Step Acquisition Remeasurement | $ 52.5 | ||||
Fair Value Inputs, Discount Rate | 14.40% | ||||
Fair Value Inputs, Discount for Lack of Marketability | 10.00% | ||||
Equity Method Investments, Fair Value Disclosure | $ 205.6 | ||||
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] | |||||
Business Acquisition [Line Items] | |||||
Gain to write-up equity investment in joint venture to fair value | $ 153.1 |
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- Definition EquityMethodInvestmentsCarryingValuePriorToStepAcquisitionRemeasurement No definition available.
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- Definition Fair Value of Acquired Interest Not Already Owned 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 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 consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities incurred by the acquirer as part of consideration transferred in a 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 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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- Definition Percentage of voting equity interests acquired in a business combination achieved in stages, including equity interests in the acquiree held by the acquirer immediately before the acquisition date and acquired at the acquisition date. 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 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
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- Definition Adjustment to the discount rate used to measure fair value for lack of ability to convert business interests into cash quickly. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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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
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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
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ASSETS HELD FOR SALE (Details) € in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Jul. 04, 2016
EUR (€)
|
Jul. 04, 2016
USD ($)
|
Jan. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Oct. 29, 2017 |
|
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | |||||
Long Lived Assets Held-for-sale [Line Items] | |||||
Trade receivables | $ 20.3 | ||||
Other receivables | 1.6 | ||||
Inventories, net | 22.4 | ||||
Prepaid expenses | 2.2 | ||||
Other Current Assets | 1.0 | ||||
Property, Plant and Equipment, net | 6.8 | ||||
Goodwill | 21.5 | ||||
Other Intangibles, net | 47.4 | ||||
Other Noncurrent Assets | 2.8 | ||||
Noncash loss related to Mexico deconsolidation | $ (4.9) | (76.9) | |||
Total assets held for sale | 49.1 | ||||
Accounts payable | 4.0 | ||||
Accrued expenses | 7.2 | ||||
Other Noncurrent Liabilities | 14.8 | ||||
Total liabilities related to assets held for sale | 26.0 | ||||
Deconsolidation, Foreign Currency Translation Adjustment (Gain) Loss, Amount | $ 47.2 | ||||
Building and Building Improvements [Member] | |||||
Long Lived Assets Held-for-sale [Line Items] | |||||
Proceeds from Sale of Property Held-for-sale | € 15.0 | $ 16.7 | |||
Gain from sale of assets held for sale | $ 1.5 | ||||
PVH Mexico Joint Venture [Member] | |||||
Long Lived Assets Held-for-sale [Line Items] | |||||
Equity Method Investment, Ownership Percentage | 49.00% | 49.00% | |||
Fair Value Inputs, Discount Rate | 15.00% | ||||
Fair Value, Net Asset (Liability) | $ 70.3 | ||||
Fair Value Inputs, Discount for Lack of Marketability | 10.00% |
X | ||||||||||
- Definition Deconsolidation, Foreign Currency Translation Adjustment Gain (Loss), Amount No definition available.
|
X | ||||||||||
- Definition Amount classified as other receivable attributable to disposal group held for sale or disposed of. No definition available.
|
X | ||||||||||
- Definition Long Lived Asset Held For Sale, Gain No definition available.
|
X | ||||||||||
- Definition Amount classified as assets attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as accounts, notes and loans receivable attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as accounts payable and accrued liabilities attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as goodwill attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as intangible assets, excluding goodwill, attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as inventory attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as other liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as other liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as prepaid and other assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as property, plant and equipment attributable to disposal group held for sale or disposed of. 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 Adjustment to the discount rate used to measure fair value for lack of ability to convert business interests into cash quickly. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
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X | ||||||||||
- Definition Fair value of asset after deduction of liability. No definition available.
|
X | ||||||||||
- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of. 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 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
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INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Jan. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
Aug. 02, 2016 |
|
Schedule of Equity Method Investments [Line Items] | |||||
Dividends received from unconsolidated affiliates | $ 3.7 | ||||
Payments made to unconsolidated affiliates | 4.5 | $ 3.0 | |||
Repayment of note receivable from related parties | 6.3 | 0.0 | |||
Investments in Unconsolidated Affiliates | $ 180.0 | $ 119.2 | $ 186.3 | $ 119.2 | |
Gazal Corporation Limited [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity Method Investment, Ownership Percentage | 10.00% | ||||
Payments made to unconsolidated affiliates | $ 9.2 | ||||
Tommy Hilfiger Brazil Joint Venture [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Note receivable | $ 12.5 | ||||
Repayment of note receivable from related parties | $ 6.2 | ||||
PVH Mexico Joint Venture [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity Method Investment, Ownership Percentage | 49.00% | 49.00% | 49.00% |
X | ||||||||||
- Definition The cash outflow associated with the investment in an entity in which the reporting entity shares control of the entity with another party or group. No definition available.
|
X | ||||||||||
- Definition Amount of distribution received from equity method investee for return on investment, classified as operating activities. Excludes distribution for return of investment, classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- 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
|
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- 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 For an unclassified balance sheet, amounts due from parties associated with the reporting entity as evidenced by a written promise to pay. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from a loan, supported by a promissory note, granted to related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. 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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REDEEMABLE NON-CONTROLLING INTEREST (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|
Oct. 29, 2017 |
Apr. 30, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
Jan. 29, 2017 |
Jun. 29, 2016 |
|
Noncontrolling Interest [Line Items] | |||||||
Redeemable Non-Controlling Interest | $ 2.6 | $ 1.2 | $ 2.6 | $ 1.2 | $ 2.0 | ||
Contributions from non-controlling interest | 1.7 | 1.2 | |||||
Net loss attributable to redeemable noncontrolling interest | $ (0.5) | (0.1) | $ (1.1) | (0.1) | |||
Ethiopia Joint Venture [Member] | |||||||
Noncontrolling Interest [Line Items] | |||||||
Noncontrolling Interest, Ownership Percentage by Parent | 75.00% | 75.00% | |||||
Redeemable Noncontrolling Interest, Equity, Fair Value | $ 0.1 | ||||||
Redeemable Non-Controlling Interest | $ 2.6 | $ 1.2 | $ 2.6 | $ 1.2 | $ 2.0 | ||
Contributions from non-controlling interest | $ 1.7 | ||||||
Net loss attributable to redeemable noncontrolling interest | $ 1.1 |
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
|
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- Definition Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership. 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
|
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GOODWILL (Details) - USD ($) $ in Millions |
9 Months Ended | ||
---|---|---|---|
Sep. 01, 2017 |
Mar. 30, 2017 |
Oct. 29, 2017 |
|
Goodwill [Line Items] | |||
Contingent purchase price payments, percentage of total worldwide net sales | 1.15% | ||
Goodwill [Roll Forward] | |||
Goodwill, gross, beginning of period | $ 3,481.8 | ||
Accumulated impairment losses, beginning of period | (11.9) | ||
Goodwill, net, beginning of period | 3,469.9 | ||
Contingent purchase price payments to Mr. Calvin Klein | 42.6 | ||
Currency translation and other | 133.2 | ||
Goodwill, gross, end of period | 3,697.7 | ||
Accumulated impairment losses, end of period | (11.9) | ||
Goodwill, net, end of period | 3,685.8 | ||
Calvin Klein North America [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, gross, beginning of period | 739.4 | ||
Accumulated impairment losses, beginning of period | 0.0 | ||
Goodwill, net, beginning of period | 739.4 | ||
Contingent purchase price payments to Mr. Calvin Klein | 25.5 | ||
Currency translation and other | 0.3 | ||
Goodwill, gross, end of period | 772.5 | ||
Accumulated impairment losses, end of period | 0.0 | ||
Goodwill, net, end of period | 772.5 | ||
Calvin Klein International [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, gross, beginning of period | 864.5 | ||
Accumulated impairment losses, beginning of period | 0.0 | ||
Goodwill, net, beginning of period | 864.5 | ||
Contingent purchase price payments to Mr. Calvin Klein | 17.1 | ||
Currency translation and other | 21.4 | ||
Goodwill, gross, end of period | 910.6 | ||
Accumulated impairment losses, end of period | 0.0 | ||
Goodwill, net, end of period | 910.6 | ||
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 | ||
Currency translation and other | 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 | 1,425.8 | ||
Accumulated impairment losses, beginning of period | 0.0 | ||
Goodwill, net, beginning of period | 1,425.8 | ||
Contingent purchase price payments to Mr. Calvin Klein | 0.0 | ||
Currency translation and other | 111.5 | ||
Goodwill, gross, end of period | 1,548.0 | ||
Accumulated impairment losses, end of period | 0.0 | ||
Goodwill, net, end of period | 1,548.0 | ||
Heritage Brands Wholesale [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, gross, beginning of period | 235.8 | ||
Accumulated impairment losses, beginning of period | 0.0 | ||
Goodwill, net, beginning of period | 235.8 | ||
Contingent purchase price payments to Mr. Calvin Klein | 0.0 | ||
Currency translation and other | 0.0 | ||
Goodwill, gross, end of period | 250.3 | ||
Accumulated impairment losses, end of period | 0.0 | ||
Goodwill, net, end of period | 250.3 | ||
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 | ||
Currency translation and other | 0.0 | ||
Goodwill, gross, end of period | 11.9 | ||
Accumulated impairment losses, end of period | (11.9) | ||
Goodwill, net, end of period | 0.0 | ||
True&Co. Acquisition [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | $ 28.2 | 28.2 | |
True&Co. Acquisition [Member] | Calvin Klein North America [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 7.3 | 7.3 | |
True&Co. Acquisition [Member] | Calvin Klein International [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 6.4 | 6.4 | |
True&Co. Acquisition [Member] | Tommy Hilfiger North America [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 0.0 | ||
True&Co. Acquisition [Member] | Tommy Hilfiger International [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 0.0 | ||
True&Co. Acquisition [Member] | Heritage Brands Wholesale [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | $ 14.5 | 14.5 | |
True&Co. Acquisition [Member] | Heritage Brands Retail [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 0.0 | ||
Belgian Acquisition [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | $ 11.9 | 11.9 | |
Belgian Acquisition [Member] | Calvin Klein North America [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 0.0 | ||
Belgian Acquisition [Member] | Calvin Klein International [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 1.2 | 1.2 | |
Belgian Acquisition [Member] | Tommy Hilfiger North America [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 0.0 | ||
Belgian Acquisition [Member] | Tommy Hilfiger International [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | $ 10.7 | 10.7 | |
Belgian Acquisition [Member] | Heritage Brands Wholesale [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During Period | 0.0 | ||
Belgian Acquisition [Member] | Heritage Brands Retail [Member] | |||
Goodwill [Roll Forward] | |||
Goodwill, Acquired During 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
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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 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
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- 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.
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RETIREMENT AND BENEFIT PLANS (Details) $ in Millions |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Oct. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Oct. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Apr. 30, 2017 |
|
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Loss on settlement | $ 9.4 | $ 0.0 | |||
Pension Plans, Defined Benefit [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Retiree Participants | 4,000 | ||||
Number of Noncontributory Defined Benefit Pension Plans | 5 | 5 | |||
Service cost, including plan expenses | $ 6.8 | $ 6.3 | $ 20.1 | 18.9 | |
Interest cost | 6.4 | 7.4 | 19.3 | 22.3 | |
Expected return on plan assets | (9.6) | (9.0) | (28.9) | (26.9) | |
Loss on settlement | 0.0 | 0.0 | 9.4 | 0.0 | |
Total | $ 3.6 | 4.7 | $ 19.9 | 14.3 | |
Vesting Period Non-Contributory Defined Benefit Pension Plans | 5 years | ||||
Defined Benefit Plan, Accumulated Benefit Obligation Settled | $ 65.3 | ||||
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 | $ 1.1 | 1.1 | $ 3.4 | 3.3 | |
Interest cost | 1.0 | 1.0 | 2.9 | 2.9 | |
Total | $ 2.1 | $ 2.1 | $ 6.3 | $ 6.2 | |
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 |
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 Retiree Participants with deferred vested benefits transferred to an insurer. No definition available.
|
X | ||||||||||
- Definition Represents the minimum vesting period for the pension plans. No definition available.
|
X | ||||||||||
- Definition Amount of (increase) decrease in accumulated benefit obligation of defined benefit plan from effects of settlement and curtailment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from settlement and curtailment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit 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 | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
DEBT Short-Term Lines of Credit, Overdraft Facilities, Senior Secured Credit Facilities and Short-Term Revolving Credit Facilities (Details) $ in Millions |
9 Months Ended |
---|---|
Oct. 29, 2017
USD ($)
| |
Lines of Credit, Foreign Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 94.3 |
Line of credit facility, amount outstanding | 17.5 |
Maximum amount of borrowings outstanding during the period | $ 27.3 |
Short-term debt, weighted average interest rate | 0.18% |
2016 Senior Secured Credit Facilities [Member] | |
Line of Credit Facility [Line Items] | |
Line of credit facility, amount outstanding | $ 190.0 |
Maximum amount of borrowings outstanding during the period | $ 205.0 |
Short-term debt, weighted average interest rate | 3.05% |
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 calculated at point in time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
DEBT Schedule of Mandatory Long-Term Debt Repayments (Details) $ in Millions |
Oct. 29, 2017
USD ($)
|
---|---|
Debt Instrument [Line Items] | |
Mandatory Long Term Debt Repayment Remainder of 2017 | $ 0.0 |
Mandatory Long Term Debt Repayment 2018 | 18.7 |
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 |
Mandatory Long Term Debt Repayment 2022 | $ 700.0 |
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 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
DEBT Schedule of Long Term Debt Instruments (Details) € in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | 24 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 19, 2016
USD ($)
|
Oct. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Jul. 31, 2016
EUR (€)
|
Jul. 31, 2016
USD ($)
|
Oct. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Feb. 18, 2020 |
Feb. 16, 2018 |
Jun. 16, 2017
USD ($)
|
Jan. 29, 2017
USD ($)
|
Jun. 20, 2016
EUR (€)
|
May 19, 2016
EUR (€)
|
May 19, 2016
USD ($)
|
Aug. 03, 2014
USD ($)
|
|
Debt Instrument [Line Items] | |||||||||||||||
Percentage of long-term debt at fixed interest rates | 60.00% | 60.00% | |||||||||||||
Debt modification and extinguishment costs | $ 0.0 | $ 0.0 | $ 0.0 | $ 15.8 | |||||||||||
Write off of deferred debt issuance costs | $ 11.2 | ||||||||||||||
Repayment of senior secured credit facilities | 50.0 | 251.3 | |||||||||||||
Long-term debt (including portion classified as current), carrying amount | 3,182.7 | 3,303.1 | 3,182.7 | 3,303.1 | $ 3,197.3 | ||||||||||
Long-term Debt, Current Maturities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||
Long-term Debt, Excluding Current Maturities | $ 3,182.7 | 3,303.1 | $ 3,182.7 | 3,303.1 | 3,197.3 | ||||||||||
2018 Interest Rate Swap [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Derivative, Notional Amount | $ 306.5 | ||||||||||||||
Derivative, Basis Spread on Variable Rate | 1.566% | 1.566% | |||||||||||||
Derivative agreement term | 2 years | ||||||||||||||
2016 Interest Rate Swap [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Derivative, Notional Amount | $ 678.9 | $ 678.9 | $ 682.6 | ||||||||||||
Derivative, Basis Spread on Variable Rate | 1.924% | 1.924% | |||||||||||||
Derivative agreement term | 2 years | ||||||||||||||
Senior notes due 2022 [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Senior Notes | $ 691.6 | 690.0 | $ 691.6 | 690.0 | 690.4 | ||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.50% | 4.50% | |||||||||||||
Long-term Debt, Gross | $ 700.0 | $ 700.0 | |||||||||||||
Senior Debenture Due 2023 [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Senior Notes | $ 99.5 | 99.5 | $ 99.5 | 99.5 | 99.5 | ||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.75% | 7.75% | |||||||||||||
Long-term Debt, Gross | $ 100.0 | $ 100.0 | |||||||||||||
Senior Notes Due 2024 [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Payments of Debt Issuance Costs | € 6.4 | $ 7.3 | |||||||||||||
Senior Notes | $ 400.0 | 375.6 | $ 400.0 | 375.6 | 367.5 | ||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.625% | 3.625% | |||||||||||||
Debt instrument, face amount | € | € 350.0 | ||||||||||||||
2016 Facilities Term Loan A [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Increase in term loan borrowings | $ 582.0 | ||||||||||||||
Repayment of senior secured credit facilities | $ 50.0 | ||||||||||||||
Secured Debt | $ 1,991.6 | $ 2,138.0 | 1,991.6 | 2,138.0 | $ 2,039.9 | ||||||||||
2016 Facilities Term Loan A [Member] | United States of America, Dollars | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Secured Debt | 2,347.4 | ||||||||||||||
2016 Senior Secured Credit Facilities [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Debt modification and extinguishment costs | $ 4.6 | ||||||||||||||
Deferred Debt Issuance Costs | 6.3 | ||||||||||||||
Write off of deferred debt issuance costs | 11.2 | ||||||||||||||
Payments of Debt Issuance Costs | $ 10.9 | ||||||||||||||
Letters of credit outstanding, amount | 22.6 | 22.6 | |||||||||||||
2016 Senior Secured Credit Facilities [Member] | United States of America, Dollars | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Line of credit facility, maximum borrowing capacity | 475.0 | ||||||||||||||
2016 Senior Secured Credit Facilities [Member] | United States Dollars or Canadian Dollars [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Line of credit facility, maximum borrowing capacity | $ 25.0 | ||||||||||||||
2016 Senior Secured Credit Facilities [Member] | Euro, British Pound, Japanese Yen and Swiss Francs [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Line of credit facility, maximum borrowing capacity | € | € 185.9 | ||||||||||||||
2014 Facilities [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Repayment of senior secured credit facilities | $ 251.3 | ||||||||||||||
2016 Senior Secured Credit Facilities [Member] | |||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||
Line of credit facility, amount outstanding | $ 190.0 | $ 190.0 |
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 Deferred Debt Issuance Costs No definition available.
|
X | ||||||||||
- Definition derivative agreement term 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 percentage of total debt bearing fixed interest rates. No definition available.
|
X | ||||||||||
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. 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 percentage points added to the reference rate to compute the variable rate on 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
|
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 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 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
|
X | ||||||||||
- 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
|
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 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 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
|
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
|
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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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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INCOME TAXES (Details) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
|
Income Taxes [Line Items] | ||||
Effective income tax rate | 4.40% | 25.30% | 11.70% | 18.40% |
Tax benefit resulting from discrete items | 14.70% | 14.10% | 6.90% | 4.90% |
Provision resulting from unfavorable impact of tax expense recorded in connection with Mexico deconsolidation | 9.80% | 3.00% | ||
International Tax Jurisdictions | 40 | |||
Tommy Hilfiger China Acquisition [Member] | Tommy Hilfiger China Joint Venture [Member] | ||||
Income Taxes [Line Items] | ||||
Tax benefit from remeasurement gain related to TH China | 7.00% |
X | ||||||||||
- Definition In a business combination achieved in stages, this element represents the effective income tax rate benefit based on the gain recognized by an entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. No definition available.
|
X | ||||||||||
- Definition [Line Items] for Income Taxes [Table] No definition available.
|
X | ||||||||||
- Definition International Tax Jurisdictions No definition available.
|
X | ||||||||||
- Definition Provision to effective income tax rate resulting from the unfavorable impact of the tax expense recorded on the assets held for sale in connection with the Mexico deconsolidation No definition available.
|
X | ||||||||||
- Definition Tax benefit resulting from discrete items, including the favorable impact on certain liabilities for uncertain tax positions No definition available.
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
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DERIVATIVE FINANCIAL INSTRUMENTS (Details) € in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|
Oct. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Oct. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Nov. 04, 2018
USD ($)
|
Jan. 29, 2017
USD ($)
|
Jun. 20, 2016
EUR (€)
|
|
Derivative [Line Items] | |||||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | $ (58.8) | $ (18.2) | |||||
Foreign Exchange Forward Inventory Purchases [Member] | Cost of Goods Sold [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments, Loss Reclassification from AOCL to Income, Estimated Net Amount to be Transferred | $ 31.5 | ||||||
Derivative Instruments, Loss Reclassification from AOCL to Income, Estimate of Time to Transfer | 12 months | ||||||
Foreign Currency Forward Exchange Contracts [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative, Notional Amount | $ 1,043.1 | $ 1,043.1 | |||||
Foreign Currency Option Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative, Notional Amount | 50.0 | $ 50.0 | |||||
Interest Rate Swap Agreement [Member] | Interest Expense [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments, Loss Reclassification from AOCL to Income, Estimated Net Amount to be Transferred | $ 1.0 | ||||||
Derivative Instruments, Loss Reclassification from AOCL to Income, Estimate of Time to Transfer | 12 months | ||||||
Designated contracts [Member] | Cash Flow Hedging [Member] | |||||||
Derivative [Line Items] | |||||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 14.0 | $ 24.8 | $ (91.6) | (6.1) | |||
Loss reclassified from AOCL into Expense | (8.2) | (3.6) | (4.1) | (0.5) | |||
Designated contracts [Member] | Cash Flow Hedging [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 | 8.9 | 17.2 | (61.3) | (20.0) | |||
Designated contracts [Member] | Cash Flow Hedging [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Cost of Goods Sold [Member] | |||||||
Derivative [Line Items] | |||||||
Gain reclassified from AOCL into Income | 0.0 | 1.2 | 8.2 | ||||
Loss reclassified from AOCL into Expense | (6.9) | ||||||
Designated contracts [Member] | Cash Flow Hedging [Member] | Interest Rate Swap Agreement [Member] | |||||||
Derivative [Line Items] | |||||||
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 0.8 | 1.0 | 1.5 | (0.5) | |||
Designated contracts [Member] | Cash Flow Hedging [Member] | Interest Rate Swap Agreement [Member] | Interest Expense [Member] | |||||||
Derivative [Line Items] | |||||||
Loss reclassified from AOCL into Expense | (1.3) | (3.6) | (5.3) | (8.7) | |||
Designated contracts [Member] | Cash Flow Hedging [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 | 4.3 | 6.6 | (31.8) | 14.4 | |||
Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Selling, General and Administrative Expenses [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net | (0.2) | 2.7 | 1.5 | (4.0) | |||
Undesignated contracts [Member] | Foreign Currency Option Contract [Member] | Selling, General and Administrative Expenses [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net | 0.0 | 0.2 | (4.3) | 0.0 | |||
Other Current Assets and Other Assets [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 10.0 | 20.3 | 10.0 | 20.3 | $ 29.1 | ||
Other Current Assets and Other Assets [Member] | Designated contracts [Member] | Cash Flow Hedging [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 7.9 | 16.8 | 7.9 | 16.8 | 25.1 | ||
Other Current Assets and Other Assets [Member] | Designated contracts [Member] | Cash Flow Hedging [Member] | Foreign Exchange Forward Inventory Purchases [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 7.1 | 16.8 | 7.1 | 16.8 | 25.1 | ||
Other Current Assets and Other Assets [Member] | Designated contracts [Member] | Cash Flow Hedging [Member] | Interest Rate Swap Agreement [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 0.8 | 0.0 | 0.8 | 0.0 | 0.0 | ||
Other Current Assets and Other Assets [Member] | Undesignated contracts [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 2.1 | 3.5 | 2.1 | 3.5 | 4.0 | ||
Other Current Assets and Other Assets [Member] | Undesignated contracts [Member] | Foreign Currency Option Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 0.0 | 2.3 | 0.0 | 2.3 | 3.2 | ||
Other Current Assets and Other Assets [Member] | Undesignated contracts [Member] | Foreign Exchange Forward Principally Intercompany Transactions [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Asset, Fair Value, Gross Asset | 2.1 | 1.2 | 2.1 | 1.2 | 0.8 | ||
Accrued Expenses and Other Liabilities [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 33.4 | 14.7 | 33.4 | 14.7 | 9.7 | ||
Accrued Expenses and Other Liabilities [Member] | Designated contracts [Member] | Cash Flow Hedging [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 32.4 | 14.6 | 32.4 | 14.6 | 9.7 | ||
Accrued Expenses and Other Liabilities [Member] | Designated contracts [Member] | Cash Flow Hedging [Member] | Foreign Exchange Forward Inventory Purchases [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 31.3 | 2.2 | 31.3 | 2.2 | 2.6 | ||
Accrued Expenses and Other Liabilities [Member] | Designated contracts [Member] | Cash Flow Hedging [Member] | Interest Rate Swap Agreement [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 1.1 | 12.4 | 1.1 | 12.4 | 7.1 | ||
Accrued Expenses and Other Liabilities [Member] | Undesignated contracts [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 1.0 | 0.1 | 1.0 | 0.1 | 0.0 | ||
Accrued Expenses and Other Liabilities [Member] | Undesignated contracts [Member] | Foreign Currency Option Contract [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
Accrued Expenses and Other Liabilities [Member] | Undesignated contracts [Member] | Foreign Exchange Forward Principally Intercompany Transactions [Member] | |||||||
Derivative [Line Items] | |||||||
Derivative Liability, Fair Value, Gross Liability | 1.0 | 0.1 | 1.0 | 0.1 | 0.0 | ||
Senior Notes Due 2024 [Member] | |||||||
Derivative [Line Items] | |||||||
Debt instrument, face amount | € | € 350.0 | ||||||
Long-term Debt, Fair Value | 448.8 | 403.3 | 448.8 | 403.3 | 384.1 | ||
Senior Notes | $ 400.0 | $ 375.6 | $ 400.0 | $ 375.6 | $ 367.5 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.625% | 3.625% |
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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 Face (par) amount of debt instrument at time of issuance. 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 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 gain 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 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 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 |
9 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Jan. 29, 2017 |
Jan. 31, 2016 |
Feb. 01, 2015 |
Feb. 02, 2014 |
Feb. 03, 2013 |
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Assets, Fair Value Disclosure, Nonrecurring | $ 0.4 | $ 0.0 | |||||
Long-Lived Assets | 2.6 | 7.0 | |||||
Foreign currency forward exchange contracts, assets | 9.2 | 18.0 | $ 25.9 | ||||
Interest rate swap agreements, assets | 0.8 | 0.0 | 0.0 | ||||
Foreign currency option contracts, assets | 0.0 | 2.3 | 3.2 | ||||
Total Assets | 10.0 | 20.3 | 29.1 | ||||
Foreign currency forward exchange contracts, liabilities | 32.3 | 2.3 | 2.6 | ||||
Interest rate swap agreements, liabilities | 1.1 | 12.4 | 7.1 | ||||
Contingent purchase price balance related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India | 1.6 | 1.6 | |||||
Total Liabilities | 33.4 | 16.3 | 11.3 | ||||
Cash and cash equivalents | 612.3 | 662.4 | 730.1 | $ 556.4 | |||
Short-term borrowings | 207.5 | 20.8 | 19.1 | ||||
Long-term debt (including portion classified as current), carrying amount | 3,182.7 | 3,303.1 | 3,197.3 | ||||
Contingent purchase price payments | 38.5 | 37.0 | |||||
Contingent purchase price payments, balance | 0.0 | 1.6 | 1.6 | 2.2 | |||
Payments | (0.8) | (0.6) | |||||
Adjustments included in earnings | (0.8) | 0.0 | |||||
Tommy Hilfiger India License [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Contingent Consideration Limit | 25.0 | ||||||
Contingent purchase price payments | $ 0.8 | 0.6 | $ 0.6 | $ 0.6 | $ 0.4 | $ 0.2 | |
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 | ||||||
Long-lived Assets, Other [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Impairment of long-lived assets | $ 2.2 | 7.0 | |||||
Tommy Hilfiger India Joint Venture [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Equity Method Investment, Ownership Percentage | 50.00% | ||||||
Reported Value Measurement [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Cash and cash equivalents | $ 612.3 | 662.4 | 730.1 | ||||
Short-term borrowings | 207.5 | 20.8 | 19.1 | ||||
Long-term debt (including portion classified as current), carrying amount | 3,182.7 | 3,303.1 | 3,197.3 | ||||
Estimate of Fair Value Measurement [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Cash and cash equivalents, fair value | 612.3 | 662.4 | 730.1 | ||||
Short-term borrowings, fair value | 207.5 | 20.8 | 19.1 | ||||
Long-term debt (including portion classified as current), fair value | 3,277.5 | 3,387.1 | 3,248.7 | ||||
Fair Value, Inputs, Level 2 [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Foreign currency forward exchange contracts, assets | 9.2 | 18.0 | 25.9 | ||||
Interest rate swap agreements, assets | 0.8 | 0.0 | 0.0 | ||||
Foreign currency option contracts, assets | 0.0 | 2.3 | 3.2 | ||||
Total Assets | 10.0 | 20.3 | 29.1 | ||||
Foreign currency forward exchange contracts, liabilities | 32.3 | 2.3 | 2.6 | ||||
Interest rate swap agreements, liabilities | 1.1 | 12.4 | 7.1 | ||||
Total Liabilities | 33.4 | 14.7 | 9.7 | ||||
Fair Value, Inputs, Level 3 [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Assets, Fair Value Disclosure, Nonrecurring | 0.4 | 0.0 | |||||
Contingent purchase price balance related to reacquisition of the perpetual rights to the Tommy Hilfiger trademarks in India | 1.6 | 1.6 | |||||
Total Liabilities | 1.6 | $ 1.6 | |||||
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 | 0.4 | 0.0 | |||||
Tommy Hilfiger International [Member] | Long-lived Assets, Other [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Impairment of long-lived assets | 3.3 | ||||||
Calvin Klein North America [Member] | Long-lived Assets, Other [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Impairment of long-lived assets | 1.8 | 0.7 | |||||
Tommy Hilfiger North America [Member] | Long-lived Assets, Other [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Impairment of long-lived assets | $ 0.4 | 1.3 | |||||
Calvin Klein International [Member] | Long-lived Assets, Other [Member] | |||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||||
Impairment of long-lived assets | $ 1.7 |
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- Definition Fair value of potential payments under contingent consideration arrangement. No definition available.
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- Definition Maximum amount of potential cash payments that could result from the contingent consideration arrangement. No definition available.
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- Definition Contingent purchase price payment terms No definition available.
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- Definition Foreign Currency Option Contracts at Fair Value No definition available.
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- 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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- 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.
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- 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.
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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 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. No definition available.
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- 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
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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 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
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- 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
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- 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
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- 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.
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- 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.
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- 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
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- 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
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- Definition Aggregation of the liabilities reported on the balance sheet measured at fair value on a recurring basis by the entity. 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 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 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
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- 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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- 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 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.
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STOCK-BASED COMPENSATION STOCK BASED COMPENSATION Stock Incentive Plan (Details) - USD ($) $ in Millions |
9 Months Ended | |
---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
|
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Stock-based compensation expense | $ 33.0 | $ 28.9 |
Recognized income tax benefits associated with stock based compensation expense | 10.2 | 8.7 |
Tax deduction associated with stock plan award transactions | $ 9.3 | $ 6.6 |
X | ||||||||||
- Definition Tax Deduction Associated With Stock Plan Awards No definition available.
|
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- References No definition available.
|
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- 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
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- 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
|
STOCK-BASED COMPENSATION - STOCK OPTION ACTIVITY (Details) - USD ($) |
9 Months Ended | ||
---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Apr. 30, 2017 |
|
Equity Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period (in years) | 4 years | ||
Reduction in Number of Shares to Be Granted by Each Option Award | 1 | ||
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 | 1,466,000 | ||
Service-based stock options, granted | 142,000 | ||
Service-based stock options, exercised | 150,000 | ||
Service-based stock options, cancelled | 10,000 | ||
Service-based stock options, outstanding, end of period | 1,448,000 | ||
Service-based stock options, exercisable | 1,018,000 | ||
Service-based stock options, outstanding, weighted average price per option, beginning of period | $ 75.74 | ||
Service-based stock options, granted, weighted average price per option | 101.94 | ||
Service-based stock options, exercised, weighted average price per option | 75.02 | ||
Service-based stock options, cancelled, weighted average price per option | 108.23 | ||
Service-based stock options, outstanding, weighted average price per option, end of period | 78.17 | ||
Service-based stock options, exercisable, weighted average price per option | $ 67.42 | ||
Black-Scholes-Merton Model [Member] | |||
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||
Weighted average risk-free interest rate | 2.10% | 1.45% | |
Weighted average expected term (in years) | 6 years 3 months | 6 years 3 months | |
Weighted average Company volatility | 29.46% | 34.56% | |
Expected annual dividends per share | $ 0.15 | $ 0.15 | |
Weighted average grant date fair value per option | $ 33.50 | $ 35.63 | |
Accounting Standards Update 2016-09 [Member] | Retained Earnings [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (800,000) | ||
Accounting Standards Update 2016-09 [Member] | Additional Paid-in Capital [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | 1,100,000 | ||
Accounting Standards Update 2016-09 [Member] | Other Assets [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 300,000 |
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- 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 Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption. No definition available.
|
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
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- References No definition available.
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- 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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- 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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- 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
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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 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
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- 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
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- 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
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- Definition Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gross number of share options (or share units) granted during the period. No definition available.
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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
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- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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.
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- 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
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- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
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X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
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- 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
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- 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
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- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STOCK-BASED COMPENSATION - RSU, RESTRICTED STOCK AND PERFORMANCE SHARE ACTIVITY (Details) - USD ($) |
6 Months Ended | 9 Months Ended | |
---|---|---|---|
Aug. 02, 2015 |
Oct. 29, 2017 |
Oct. 30, 2016 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Reduction in number of shares available to be granted by a restricted stock award, RSU or PSU | 2 | ||
Restricted Stock Units (RSUs) Granted Since 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) 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) 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 | 3 years |
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 | 125,000 | ||
Other than options, granted number | 72,000 | ||
Other than options, vested number | 0 | ||
Other than options, cancelled number | 0 | ||
Other than options, non-vested number, end of period | 197,000 | ||
Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 92.32 | ||
Other than options, granted, weighted average grant date fair value | 96.81 | ||
Other than options, vested, weighted average grant date fair value | 0.00 | ||
Other than options, cancelled, weighted average grant date fair value | 0.00 | ||
Other than options, non-vested, weighted average grant date fair value, end of period | $ 93.97 | ||
Awards Granted in 2016, Holding Period | 1 year | ||
Performance Shares (PSUs) [Member] | Monte Carlo Model [Member] | |||
Assumptions used to estimate fair value of service-based stock options [Abstract] | |||
Restriction of Liquidity Discount | 12.67% | 12.99% | |
Weighted average risk-free interest rate | 1.49% | 1.04% | |
Weighted average Company volatility | 31.29% | 28.33% | |
Expected annual dividends per share | $ 0.15 | $ 0.15 | |
Non-vested activity [Roll Forward] | |||
Other than options, granted, weighted average grant date fair value | $ 96.81 | $ 87.16 | |
Restricted Stock Units (RSUs) [Member] | |||
Non-vested activity [Roll Forward] | |||
Other than options, non-vested number, beginning of period | 812,000 | ||
Other than options, granted number | 442,000 | ||
Other than options, vested number | 257,000 | ||
Other than options, cancelled number | 53,000 | ||
Other than options, non-vested number, end of period | 944,000 | ||
Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 105.96 | ||
Other than options, granted, weighted average grant date fair value | 103.11 | ||
Other than options, vested, weighted average grant date fair value | 108.93 | ||
Other than options, cancelled, weighted average grant date fair value | 104.90 | ||
Other than options, non-vested, weighted average grant date fair value, end of period | $ 103.88 | ||
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.
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X | ||||||||||
- Definition First RSU Vesting Installments, Employees, Number of Yrs Following Grant Date, Awards Granted in 2016 No definition available.
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X | ||||||||||
- Definition First RSU Vesting Installments, Nonemployee Directors, Number of Years Following Grant Date, Awards Prior to 2010 No definition available.
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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.
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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.
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X | ||||||||||
- Definition The reduction in the number of shares available to be granted with each grant of a restricted stock award. No definition available.
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X | ||||||||||
- Definition Restriction of Liquidity Discount No definition available.
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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
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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
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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
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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
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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
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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
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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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X | ||||||||||
- 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.
|
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
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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.
|
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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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
Jan. 29, 2017 |
Jan. 31, 2016 |
|
Balance, foreign currency translation adjustments, net of tax | $ (495.8) | $ (707.0) | $ (495.8) | $ (707.0) | $ (737.7) | $ (730.4) |
Other comprehensive income (loss) before reclassifications, foreign currency translation adjustments | 241.9 | 23.4 | ||||
Amounts reclassified from AOCL, foreign currency translation adjustments, net of tax | 0.0 | 0.0 | ||||
Net gain (loss) on net investment hedge, net of tax | 2.7 | 4.1 | (19.8) | 9.0 | ||
Foreign currency translation adjustments | 241.9 | 23.4 | ||||
Balance, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (29.7) | 7.3 | (29.7) | 7.3 | 26.9 | 26.2 |
Other comprehensive income (loss) before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (58.8) | (18.2) | ||||
Amounts reclassified from AOCL, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (7.8) | (2.1) | (2.2) | 0.7 | ||
Net unrealized and realized gain (loss) related to effective cash flow hedges, net of tax | 15.6 | 19.1 | (56.6) | (18.9) | ||
Accumulated other comprehensive loss | (525.5) | (699.7) | (525.5) | (699.7) | $ (710.8) | $ (704.2) |
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax | 183.1 | 5.2 | ||||
Amounts reclassified from AOCL, total, net of tax | (2.2) | 0.7 | ||||
Total other comprehensive (loss) income | $ (28.9) | $ (47.0) | $ 185.3 | $ 4.5 |
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
|
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
|
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
|
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
|
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
|
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
|
X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
|
X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
|
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
|
Amounts reclassified from AOCL, realized (loss) gain on effective cash flow hedges, tax effect | $ (0.4) | $ (1.5) | $ (1.9) | $ (1.2) |
Amounts reclassified from AOCL, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (7.8) | (2.1) | (2.2) | 0.7 |
Foreign Exchange Forward Inventory Purchases [Member] | ||||
Amounts reclassified from AOCL, realized (loss) gain on effective cash flow hedges | (6.9) | 0.0 | 1.2 | 8.2 |
Interest Rate Swap Agreement [Member] | ||||
Amounts reclassified from AOCL, realized (loss) gain on effective cash flow hedges | $ (1.3) | $ (3.6) | $ (5.3) | $ (8.7) |
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
|
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
|
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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- Details
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STOCKHOLDERS' EQUITY (Details) - Stock Repurchase Program [Member] - USD ($) shares in Millions, $ in Millions |
9 Months Ended | |||
---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Mar. 21, 2017 |
Jun. 03, 2015 |
|
Equity, Class of Treasury Stock [Line Items] | ||||
Stock Repurchase Program, Authorized Amount | $ 750.0 | $ 500.0 | ||
Stock Repurchase Program, Period in Force | 3 years | |||
Stock Repurchase Program, Number of Shares Repurchased | 1.8 | 2.3 | ||
Stock Repurchase Program, Amount Purchased During Period | $ 192.3 | $ 225.8 | ||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 616.5 |
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.
|
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.
|
X | ||||||||||
- Definition Amount remaining of a stock repurchase plan authorized. No definition available.
|
X | ||||||||||
- 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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X | ||||||||||
- 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 | 9 Months Ended | ||
---|---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
|
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||||
Net income attributable to PVH Corp. | $ 239.2 | $ 126.2 | $ 429.3 | $ 448.3 |
Weighted average common shares outstanding for basic net income per common share | 77.3 | 80.0 | 77.8 | 80.6 |
Weighted average impact of dilutive securities | 1.2 | 0.7 | 0.9 | 0.6 |
Total shares for diluted net income per common share | 78.5 | 80.7 | 78.7 | 81.2 |
Basic net income per common share attributable to PVH Corp. | $ 3.09 | $ 1.58 | $ 5.52 | $ 5.56 |
Diluted net income per common share attributable to PVH Corp. | $ 3.05 | $ 1.56 | $ 5.45 | $ 5.52 |
Weighted average potentially dilutive securities | 0.3 | 0.7 | 0.6 | 0.9 |
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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X | ||||||||||
- 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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X | ||||||||||
- 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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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 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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X | ||||||||||
- 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 |
Oct. 29, 2017 |
Oct. 30, 2016 |
---|---|---|
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||
Number of Dilutive Shares That Could Be Issued Upon Vesting | 0.1 | 0.1 |
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 | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 01, 2017 |
Jul. 31, 2016 |
Oct. 29, 2017 |
Oct. 30, 2016 |
Apr. 13, 2016 |
|
Nonmonetary Transaction [Line Items] | |||||
Contingent purchase price payments | $ 38.5 | $ 37.0 | |||
Capital Lease Obligations Incurred | 2.1 | 6.3 | |||
Treasury Stock, Shares Purchased Not Yet Settled | $ 1.9 | 3.2 | |||
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 | $ 42.6 | 40.3 | |||
Contingent purchase price payments | $ 37.7 | $ 36.4 | |||
Belgian Acquisition [Member] | |||||
Nonmonetary Transaction [Line Items] | |||||
Business Combination, Consideration Transferred, Liabilities Incurred | $ 1.9 | ||||
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.
|
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 liabilities incurred by the acquirer as part of consideration transferred in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
|
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.
|
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 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 | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 19, 2016
USD ($)
|
Apr. 13, 2016
USD ($)
|
Oct. 29, 2017
USD ($)
|
Jan. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
Oct. 29, 2017
USD ($)
|
Oct. 30, 2016
USD ($)
|
||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||||||||||||||||||||
Segment Reporting, Number of Reportable Segments | 6 | |||||||||||||||||||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||||||||||||||||||
Net sales | $ 2,220.2 | [1] | $ 2,123.4 | [1] | $ 6,058.7 | $ 5,786.5 | ||||||||||||||||||||||||||||||||||||
Royalty revenue | 105.8 | [1] | 93.9 | [1] | 274.5 | 240.9 | ||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 31.0 | [1] | 27.0 | [1] | 82.7 | 68.0 | ||||||||||||||||||||||||||||||||||||
Total revenue | 2,357.0 | [1] | 2,244.3 | [1] | 6,415.9 | 6,095.4 | ||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2] | 280.7 | 197.9 | 574.4 | 635.5 | |||||||||||||||||||||||||||||||||||||
Settlement loss on retirement plans | (9.4) | 0.0 | ||||||||||||||||||||||||||||||||||||||||
Costs Related to Global Creative Strategy for CK | 5.5 | |||||||||||||||||||||||||||||||||||||||||
Gain to write-up equity investment in joint venture to fair value | 0.0 | 153.1 | ||||||||||||||||||||||||||||||||||||||||
Debt modification and extinguishment costs | 0.0 | 0.0 | 0.0 | 15.8 | ||||||||||||||||||||||||||||||||||||||
Calvin Klein North America [Member] | ||||||||||||||||||||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||||||||||||||||||
Net sales | 413.4 | [1] | 444.4 | [1] | 1,091.8 | 1,144.5 | ||||||||||||||||||||||||||||||||||||
Royalty revenue | 46.3 | [1] | 43.1 | [1] | 113.0 | 101.4 | ||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 16.0 | [1] | 14.4 | [1] | 38.5 | 34.6 | ||||||||||||||||||||||||||||||||||||
Total revenue | 475.7 | [1] | 501.9 | [1] | 1,243.3 | 1,280.5 | ||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2] | 66.1 | (0.7) | [3] | 156.0 | 92.6 | [3],[4],[5] | |||||||||||||||||||||||||||||||||||
Costs Related to Global Creative Strategy for CK | 2.7 | |||||||||||||||||||||||||||||||||||||||||
Calvin Klein International [Member] | ||||||||||||||||||||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||||||||||||||||||
Net sales | 439.5 | [1] | 364.0 | [1] | 1,164.3 | 986.5 | ||||||||||||||||||||||||||||||||||||
Royalty revenue | 20.2 | [1] | 18.8 | [1] | 57.1 | 54.2 | ||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 7.2 | [1] | 6.5 | [1] | 20.2 | 19.1 | ||||||||||||||||||||||||||||||||||||
Total revenue | 466.9 | [1] | 389.3 | [1] | 1,241.6 | 1,059.8 | ||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2] | 76.3 | 69.6 | 175.4 | 172.3 | [4],[5] | ||||||||||||||||||||||||||||||||||||
Costs Related to Global Creative Strategy for CK | 2.8 | |||||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger North America [Member] | ||||||||||||||||||||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||||||||||||||||||
Net sales | 383.2 | [1] | 383.6 | [1] | 1,062.1 | 1,100.7 | ||||||||||||||||||||||||||||||||||||
Royalty revenue | 22.0 | [1] | 14.8 | [1] | 53.8 | 35.0 | ||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 5.1 | [1] | 3.8 | [1] | 12.7 | 8.5 | ||||||||||||||||||||||||||||||||||||
Total revenue | 410.3 | [1] | 402.2 | [1] | 1,128.6 | 1,144.2 | ||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2] | 52.6 | [6] | 41.3 | 87.0 | [6],[7] | 110.4 | |||||||||||||||||||||||||||||||||||
Tommy Hilfiger Office Relocation Expense | 5.1 | 19.2 | ||||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger International [Member] | ||||||||||||||||||||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||||||||||||||||||
Net sales | 595.0 | [1] | 512.3 | [1] | 1,581.9 | 1,399.0 | ||||||||||||||||||||||||||||||||||||
Royalty revenue | 11.8 | [1] | 11.6 | [1] | 33.6 | 33.3 | ||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 1.7 | [1] | 1.1 | [1] | 8.3 | 2.7 | ||||||||||||||||||||||||||||||||||||
Total revenue | 608.5 | [1] | 525.0 | [1] | 1,623.8 | 1,435.0 | ||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2] | 94.1 | [8] | 75.0 | [9],[10] | 184.4 | [7],[8] | 287.8 | [9],[11] | |||||||||||||||||||||||||||||||||
Gain recorded in connection with exit of TOMMY HILFIGER flagship store | 18.1 | |||||||||||||||||||||||||||||||||||||||||
Heritage Brands Wholesale [Member] | ||||||||||||||||||||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||||||||||||||||||
Net sales | 324.4 | [1] | 354.2 | [1] | 967.9 | 964.1 | ||||||||||||||||||||||||||||||||||||
Royalty revenue | 4.7 | [1] | 5.1 | [1] | 14.4 | 15.3 | ||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 0.8 | [1] | 1.1 | [1] | 2.6 | 2.9 | ||||||||||||||||||||||||||||||||||||
Total revenue | 329.9 | [1] | 360.4 | [1] | 984.9 | 982.3 | ||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2] | 28.4 | 41.2 | 89.2 | 77.4 | [4] | ||||||||||||||||||||||||||||||||||||
Heritage Brands Retail [Member] | ||||||||||||||||||||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||||||||||||||||||
Net sales | 64.7 | [1] | 64.9 | [1] | 190.7 | 191.7 | ||||||||||||||||||||||||||||||||||||
Royalty revenue | 0.8 | [1] | 0.5 | [1] | 2.6 | 1.7 | ||||||||||||||||||||||||||||||||||||
Advertising and other revenue | 0.2 | [1] | 0.1 | [1] | 0.4 | 0.2 | ||||||||||||||||||||||||||||||||||||
Total revenue | 65.7 | [1] | 65.5 | [1] | 193.7 | 193.6 | ||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2] | 1.5 | 2.4 | 7.5 | 8.2 | |||||||||||||||||||||||||||||||||||||
Corporate Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Income before interest and taxes | [2],[12] | (38.3) | [13] | (30.9) | (125.1) | [13],[14] | (113.2) | [4],[15] | ||||||||||||||||||||||||||||||||||
Settlement loss on retirement plans | 9.4 | |||||||||||||||||||||||||||||||||||||||||
Debt modification and extinguishment costs | 15.8 | |||||||||||||||||||||||||||||||||||||||||
Consolidation of North America warehouse and distirbution network [Member] | Corporate Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Costs related to consolidation of warehouse and distribution network in North America | 2.5 | 9.8 | ||||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 9.8 | |||||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Calvin Klein North America [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 0.2 | |||||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Calvin Klein International [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 2.6 | |||||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Heritage Brands Wholesale [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 0.4 | |||||||||||||||||||||||||||||||||||||||||
Warnaco acquisition [Member] | Warnaco Integration Costs [Member] | Corporate Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Business Combination, Integration Related Costs | 6.6 | |||||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger China Acquisition [Member] | Tommy Hilfiger International [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Amortization of Intangible Assets | 6.4 | 19.9 | ||||||||||||||||||||||||||||||||||||||||
Business Combination, Acquisition Related Costs | $ 17.3 | 61.8 | ||||||||||||||||||||||||||||||||||||||||
Tommy Hilfiger China Joint Venture [Member] | Tommy Hilfiger China Acquisition [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
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] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Business Combination, Cost Related to Equity Investment | 5.9 | |||||||||||||||||||||||||||||||||||||||||
Gain to write-up equity investment in joint venture to fair value | 153.1 | |||||||||||||||||||||||||||||||||||||||||
Li & Fung Trading Limited [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Loss on Contract Termination | 54.2 | |||||||||||||||||||||||||||||||||||||||||
Payment made in connection with the restructuring of the Li & Fung relationship | $ 54.2 | |||||||||||||||||||||||||||||||||||||||||
Li & Fung Trading Limited [Member] | Tommy Hilfiger North America [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Loss on Contract Termination | 31.3 | |||||||||||||||||||||||||||||||||||||||||
Li & Fung Trading Limited [Member] | Tommy Hilfiger International [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Loss on Contract Termination | $ 22.9 | |||||||||||||||||||||||||||||||||||||||||
2016 Senior Secured Credit Facilities [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Debt modification and extinguishment costs | $ 4.6 | |||||||||||||||||||||||||||||||||||||||||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Noncash loss related to Mexico deconsolidation | $ (4.9) | (76.9) | ||||||||||||||||||||||||||||||||||||||||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Corporate Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||
Earnings before interest and taxes: | ||||||||||||||||||||||||||||||||||||||||||
Noncash loss related to Mexico deconsolidation | $ 76.9 | |||||||||||||||||||||||||||||||||||||||||
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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 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 Tommy Hilfiger Office Relocation Expense No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. 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 The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from settlement and curtailment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The loss recognized on termination of a contract. 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 The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of gain (loss) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. 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 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 |
Oct. 29, 2017 |
Jan. 29, 2017 |
Oct. 30, 2016 |
|
Sale Of Bass [Member] | ||||
Guarantor Obligations [Line Items] | ||||
Expiration Year of Bass Guarantee | 2022 | |||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 14.8 | |||
Guarantor Obligations, Current Carrying Value | 0.7 | $ 1.1 | $ 1.1 | |
PVH Australia and CK India [Member] | ||||
Guarantor Obligations [Line Items] | ||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 11.9 |
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- Definition Expiration Year of Bass Guarantee No definition available.
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- Definition The current carrying amount of the liability for the freestanding or embedded guarantor's obligations under the guarantee or each group of similar guarantees. 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 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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RECENT ACCOUNTING GUIDANCE Recent Accounting Guidance (Details) - USD ($) $ in Millions |
9 Months Ended | ||
---|---|---|---|
Oct. 29, 2017 |
Oct. 30, 2016 |
Apr. 30, 2017 |
|
Accounting For Share Based Payment Award Transactions [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Discrete Net Excess Tax Benefits from Share-Based Compensation recognized in Provision for Income Taxes | $ 0.9 | ||
Presentation of Deferred Income Taxes Related to Intercompany Sales and Transfers of Assets Other Than Inventory | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Reduction in Other Assets Had Company Early Adopted Guidance | $ 7.7 | ||
Retained Earnings [Member] | Accounting Standards Update 2016-09 [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (0.8) | ||
Additional Paid-in Capital [Member] | Accounting Standards Update 2016-09 [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | 1.1 | ||
Other Assets [Member] | Accounting Standards Update 2016-09 [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 0.3 |
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- Definition Reduction in Other Assets Had Company Early Adopted Guidance No definition available.
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X | ||||||||||
- Definition Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption. No definition available.
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- Definition Amount of cash outflow for 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
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OTHER COMMENTS Additional Information (Details) - Wuxi Jinmao Foreign Trade Co. [Member] - USD ($) $ in Millions |
46 Months Ended | 72 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2026 |
Nov. 28, 2022 |
Oct. 29, 2017 |
Nov. 29, 2016 |
|
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loan Receivable from Supplier | $ 13.9 | $ 13.8 | ||
Loans Receivable, Fixed Interest Rate | 4.50% | |||
Loans Receivable, Basis Spread on Variable Rate, During Period | 4.00% |
X | ||||||||||
- Definition Loan Receivable from Supplier No definition available.
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X | ||||||||||
- Definition Loans Receivable, Fixed Interest Rate No definition available.
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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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- Definition The percentage points added to the reference rate or index during the adjustment period to compute the variable [fully indexed] rate on the loans receivable realized during the reporting period. This may be an effective margin for the period depending on the specific terms of the underlying loan agreement (for example, an annual disclosure for a loan with a quarterly adjustment period). No definition available.
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