GOODWILL

The changes in the carrying amount of goodwill for the thirteen weeks ended May 6, 2018, by segment (please see Note 18, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:



(In millions)	Calvin Klein North America			Calvin Klein International			Tommy Hilfiger North America		Tommy Hilfiger International			Heritage Brands Wholesale		Heritage Brands Retail			Total
Balance as of February 4, 2018
Goodwill, gross	$	780.2		$	942.0		$	204.4	$	1,661.6		$	246.5	$	11.9		$	3,846.6
Accumulated impairment losses	—			—			—		—			—		(11.9		)	(11.9		)
Goodwill, net	780.2			942.0			204.4		1,661.6			246.5		—			3,834.7
Contingent purchase price payments to Mr. Calvin Klein	1.0			0.7			—		—			—		—			1.7
Currency translation and other	(0.9		)	(12.0		)	—		(61.1		)	—		—			(74.0		)
Balance as of May 6, 2018
Goodwill, gross	780.3			930.7			204.4		1,600.5			246.5		11.9			3,774.3
Accumulated impairment losses	—			—			—		—			—		(11.9		)	(11.9		)
Goodwill, net	$	780.3		$	930.7		$	204.4	$	1,600.5		$	246.5	$	—		$	3,762.4

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 have been made are wholesale sales by the Company and its licensees and other partners to retailers. The payments are not due or paid in cash until 45 days subsequent to the Company’s applicable quarter end. As such, the final payment due to Mr. Klein, which was recorded to goodwill in the first quarter of 2018, will be made in the second quarter of 2018.

RETIREMENT AND BENEFIT PLANS

3 Months Ended

May 06, 2018

RETIREMENT AND BENEFIT PLANS

The Company has five qualified defined benefit pension plans as of May 6, 2018 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.”

The components of net benefit cost were as follows:



	Pension Plans						SERP Plans
	Thirteen Weeks Ended						Thirteen Weeks Ended
(In millions)	5/6/18			4/30/17			5/6/18		4/30/17

Service cost, including plan expenses	$	8.3		$	6.9		$	1.3	$	1.2
Interest cost	6.5			6.4			1.0		1.0
Expected return on plan assets	(10.0		)	(9.7		)	—		—
Loss on settlement	—			9.4			—		—
Total	$	4.8		$	13.0		$	2.3	$	2.2

Net benefit cost related to the Postretirement Plans was immaterial for the thirteen weeks ended May 6, 2018 and April 30, 2017.

The service cost component of net benefit cost is recorded in SG&A expenses and the other components of net benefit cost are recorded in non-service related pension and postretirement (income) cost in the Company’s Consolidated Income Statements. Please see Note 20, “Recent Accounting Guidance,” for further discussion of the updated guidance related to the presentation of net benefit cost.

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 non-service related pension and postretirement cost in the Company’s Consolidated Income Statement for the thirteen weeks ended April 30, 2017. The amount of the pension benefit obligation settled was $65.3 million.

Currently, the Company does not expect to make any material contributions to the Pension Plans in 2018. 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.

DEBT

3 Months Ended

May 06, 2018

Debt Disclosure [Abstract]

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 May 6, 2018, the Company had $231.9 million outstanding under these facilities. The weighted average interest rate on funds borrowed as of May 6, 2018 was 3.46%. The maximum amount of revolving borrowings outstanding under these facilities during the thirteen weeks ended May 6, 2018 was $231.9 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 $89.1 million based on exchange rates in effect on May 6, 2018 and are utilized primarily to fund working capital needs. As of May 6, 2018, the Company had $22.6 million outstanding under these facilities. The weighted average interest rate on funds borrowed as of May 6, 2018 was 3.15%. The maximum amount of borrowings outstanding under these facilities during the thirteen weeks ended May 6, 2018 was $38.5 million.

Long-Term Debt

The carrying amounts of the Company’s long-term debt were as follows:



(In millions)	5/6/18		2/4/18		4/30/17

Senior secured Term Loan A facility due 2021	$	1,792.4	$	1,792.1	$	1,990.5
4 1/2% senior unsecured notes due 2022	—		—		690.8
7 3/4% debentures due 2023	99.6		99.5		99.5
3 5/8% senior unsecured euro notes due 2024 ⁽¹⁾	413.0		430.8		376.3
3 1/8% senior unsecured euro notes due 2027 ⁽¹⁾	708.2		738.9		—
Total	3,013.2		3,061.3		3,157.1
Less: Current portion of long-term debt	—		—		—
Long-term debt	$	3,013.2	$	3,061.3	$	3,157.1

⁽¹⁾ The carrying amount of the Company’s senior unsecured euro notes includes the impact of changes of the United States dollar against the euro.

Please see Note 12, “Fair Value Measurements,” for the fair value of the Company’s long-term debt as of May 6, 2018, February 4, 2018 and April 30, 2017.

As of May 6, 2018, the Company’s mandatory long-term debt repayments for the remainder of 2018 through 2023 were as follows:



(In millions)
Fiscal Year	Amount
Remainder of 2018	$	—
2019	38.8
2020	234.7
2021	1,525.8
2022	—
2023	100.0

Total debt repayments for the remainder of 2018 through 2023 exceed the total carrying amount of the Company’s Term Loan A facility and 7 3/4% debentures due 2023 as of May 6, 2018 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discounts.

As of May 6, 2018, after taking into account the effect of the Company’s interest rate swap agreement discussed in the section entitled “2016 Senior Secured Credit Facilities,” which was in effect as of such date, approximately 50% of the Company’s long-term debt had 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 (i) a $475.0 million United States dollar-denominated revolving credit facility, (ii) a $25.0 million United States dollar-denominated revolving credit facility available in United States dollars or Canadian dollars and (iii) 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 loans outstanding of $1,792.4 million, net of original issue discounts and debt issuance costs, under the Term Loan A facility, $231.9 million of borrowings outstanding under the senior secured revolving credit facilities and $21.6 million of outstanding letters of credit under the senior secured revolving credit facilities as of May 6, 2018.

The Company made payments of $50.0 million during the thirteen weeks ended April 30, 2017 on its term loans under the 2016 facilities. As a result of the voluntary repayments the Company has made to date, it is not required to make a long-term debt repayment until December 2019.

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. Such agreement remains outstanding with a notional amount of $306.5 million as of May 6, 2018. 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”) is 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. Under the terms of the agreement for the then-outstanding notional amount, the Company’s exposure to fluctuations in the one-month LIBOR was eliminated and the Company paid a weighted average fixed rate of 1.924%, plus the current applicable margin. The agreement expired in February 2018.

The notional amount of the outstanding interest rate swap will be adjusted according to a pre-set schedule during the term of the 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 notional amount of the interest rate swap.

4 1/2% Senior Notes Due 2022

The Company had outstanding $700.0 million principal amount of 4 1/2% senior notes due December 15, 2022. The Company redeemed these notes on January 5, 2018 in connection with the issuance of €600.0 million euro-denominated principal amount of 3 1/8% senior notes due December 15, 2027, as discussed below. The Company paid a premium of $15.8 million to the holders of these notes in connection with the redemption and recorded debt extinguishment costs of $8.1 million to write-off previously capitalized debt issuance costs associated with these notes during the fourth quarter of 2017.

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

The Company has outstanding €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 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.

3 1/8% Euro Senior Notes Due 2027

The Company issued on December 21, 2017 €600.0 million euro-denominated principal amount of 3 1/8% senior notes due December 15, 2027. Interest on the notes is payable in euros. The Company paid €8.7 million (approximately $10.3 million based on exchange rates in effect on the payment date) of fees during the fourth quarter of 2017 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 September 15, 2027 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 September 15, 2027 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 final payment due to Mr. Klein will be made in the second quarter of 2018.

The Company’s financing arrangements contain financial and non-financial covenants and customary events of default. As of May 6, 2018, the Company was in compliance with all applicable covenants under its financing arrangements.

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 February 4, 2018 for further discussion of the Company’s debt.

INCOME TAXES	3 Months Ended
INCOME TAXES	May 06, 2018
Notes to Financial Statements [Abstract]
INCOME TAXES	INCOME TAXES The effective income tax rates for the thirteen weeks ended May 6, 2018 and April 30, 2017 were 17.1% and 17.0%, respectively. The effective income tax rates for the thirteen weeks ended May 6, 2018 and April 30, 2017 were lower than the applicable United States statutory income tax rate due to the benefit of overall lower tax rates in certain international jurisdictions where the Company files tax returns. The Company files income tax returns in more than 40 international jurisdictions each year. Most of the international jurisdictions in which the Company files tax returns had lower statutory income tax rates than the United States statutory income tax rate in 2017 prior to enactment of the United States Tax Cuts and Jobs Act of 2017 (the “Tax Legislation”). A substantial amount of the Company’s earnings come from international operations, particularly in the Netherlands and Hong Kong. The lower statutory income tax rates in these jurisdictions, irrespective of Tax Legislation, coupled with special rates levied on income from certain of the Company’s jurisdictional activities, significantly reduced the Company’s consolidated effective income tax rate during 2017 and 2018. As a result of the Tax Legislation, the United States statutory income tax rate was reduced from 35.0% to 21.0% effective January 1, 2018. However, the reduction in the United States statutory income tax rate did not have a significant impact on the Company’s overall effective tax rate due to its mix of earnings. The Tax Legislation significantly revised the United States tax code by, among other things, (i) reducing the corporate income tax rate from 35.0% to 21.0%, (ii) imposing a one-time transition tax on earnings of foreign subsidiaries deemed to be repatriated, (iii) implementing a modified territorial tax system, (iv) introducing a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations (known as “GILTI”) and (v) introducing a base erosion anti-abuse tax measure (known as “BEAT”) that taxes certain payments between United States corporations and their subsidiaries. The Company recorded a provisional net tax benefit of $52.8 million in the fourth quarter of 2017, which included a $265.0 million benefit primarily from the remeasurement of the Company’s net deferred tax liabilities to the lower United States corporate income tax rate, partially offset by a $38.5 million valuation allowance on the Company’s foreign tax credits and a $173.7 million transition tax on undistributed post-1986 earnings and profits of foreign subsidiaries deemed to be repatriated. The Company’s estimates were recorded on a provisional basis and are subject to adjustment in 2018 under the permitted measurement period. The Company will finalize its accounting related to the impacts of the Tax Legislation on the one-time transition tax liability, deferred taxes, valuation allowances, state tax considerations, and any remaining outside basis differences in the Company’s foreign subsidiaries during 2018. As the Company completes its analysis of the Tax Legislation, collects and prepares necessary data and interprets any additional guidance issued by the United States Department of the Treasury, the Internal Revenue Service and other standard-setting bodies, the Company may make adjustments during 2018 to these provisional amounts recorded in 2017. There were no adjustments made to these provisional amounts during the thirteen weeks ended May 6, 2018.

DERIVATIVE FINANCIAL INSTRUMENTS

3 Months Ended

May 06, 2018

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 2016 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 accumulated other comprehensive loss (“AOCL”). The cash flows from such hedges are presented in the same category in the Company’s Consolidated Statements of Cash Flows as the items being hedged. No amounts were excluded from effectiveness testing. There was no ineffective portion of the cash flow hedges during the thirteen weeks ended May 6, 2018 and April 30, 2017.

Net Investment Hedges

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 fourth quarter of 2017 and the second quarter of 2016, the Company designated the carrying amounts of its €600.0 million euro-denominated principal amount of 3 1/8% senior notes due 2027 and €350.0 million euro-denominated principal amount of 3 5/8% senior notes due 2024, respectively, (collectively referred to as the “foreign currency borrowings”) that it had issued in the United States as net investment hedges 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 $1,164.4 million and $1,121.2 million, respectively, as of May 6, 2018, $1,226.7 million and $1,169.7 million, respectively, as of February 4, 2018 and $398.8 million and $376.3 million, respectively, as of April 30, 2017. The Company evaluates the effectiveness of its net investment hedges at inception and at the beginning of each quarter thereafter. No amounts were excluded from effectiveness testing. There was no ineffective portion of the net investment hedges during the thirteen weeks ended May 6, 2018 and April 30, 2017.

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, the Company entered into several foreign currency option contracts during 2017 and 2016. These contracts represented the Company’s purchase of euro put/United States dollar call options and Chinese yuan renminbi put/United States dollar call options. All foreign currency option contracts had expired as of February 4, 2018.

The Company’s foreign currency option contracts were also undesignated contracts. As such, the changes in the fair value of these foreign currency option contracts were immediately recognized in earnings. This mitigated, 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:



(In millions)	Assets												Liabilities
	5/6/2018				2/4/2018				4/30/2017				5/6/2018				2/4/2018				4/30/2017
	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	8.1	$	1.6	$	0.9	$	0.1	$	18.6	$	0.1	$	14.8	$	0.2	$	62.4	$	4.1	$	6.1	$	1.0
Interest rate swap agreements	1.7		1.1		1.1		1.3		—		—		—		—		0.1		—		4.0		—
Total contracts designated as cash flow hedges	9.8		2.7		2.0		1.4		18.6		0.1		14.8		0.2		62.5		4.1		10.1		1.0
Undesignated contracts:
Foreign currency forward exchange contracts	0.7		—		0.5		—		0.6		—		1.6		—		0.9		—		0.9		—
Foreign currency option contracts	—		—		—		—		1.7		—		—		—		—		—		—		—
Total undesignated contracts	0.7		—		0.5		—		2.3		—		1.6		—		0.9		—		0.9		—
Total	$	10.5	$	2.7	$	2.5	$	1.4	$	20.9	$	0.1	$	16.4	$	0.2	$	63.4	$	4.1	$	11.0	$	1.0

The notional amount outstanding of foreign currency forward exchange contracts was $1,007.2 million at May 6, 2018. Such contracts expire principally between May 2018 and September 2019.

The following table summarizes the effect of the Company’s hedges designated as cash flow and net investment hedging instruments:



	Gain (Loss) Recognized in Other Comprehensive (Loss) Income					(Loss) Gain Reclassified from AOCL into (Expense) Income
(In millions)	Gain (Loss) Recognized in Other Comprehensive (Loss) Income					Location	Amount
Thirteen Weeks Ended	5/6/18		4/30/17				5/6/18			4/30/17
Foreign currency forward exchange contracts (inventory purchases)	$	29.4	$	(7.8	)	Cost of goods sold	$	(22.9	)	$	4.4
Interest rate swap agreements	0.5		0.8			Interest expense	0.0			(2.3		)
Foreign currency borrowings (net investment hedges)	49.0		(8.6		)	N/A	—			—
Total	$	78.9	$	(15.6	)		$	(22.9	)	$	2.1

A net loss in AOCL on foreign currency forward exchange contracts at May 6, 2018 of $26.3 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 gain in AOCL for interest rate swap agreements at May 6, 2018 of $1.7 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 substantially complete 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:



(In millions)	(Loss) Gain Recognized in (Expense) Income
Thirteen Weeks Ended	5/6/18			4/30/17
Foreign currency forward exchange contracts	$	(0.5	)	$	0.2
Foreign currency option contracts	—			(2.6		)

The Company had no derivative financial instruments with credit risk-related contingent features underlying the related contracts as of May 6, 2018.

FAIR VALUE MEASUREMENTS

3 Months Ended

May 06, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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:



	5/6/18						2/4/18						4/30/17
(In millions)	Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3		Total
Assets:
Foreign currency forward exchange contracts	N/A	$	10.4	N/A	$	10.4	N/A	$	1.5	N/A	$	1.5	N/A	$	19.3	N/A		$	19.3
Interest rate swap agreements	N/A	2.8		N/A	2.8		N/A	2.4		N/A	2.4		N/A	N/A		N/A		N/A
Foreign currency option contracts	N/A	N/A		N/A	N/A		N/A	N/A		N/A	N/A		N/A	1.7		N/A		1.7
Total Assets	N/A	$	13.2	N/A	$	13.2	N/A	$	3.9	N/A	$	3.9	N/A	$	21.0	N/A		$	21.0

Liabilities:
Foreign currency forward exchange contracts	N/A	$	16.6	N/A	$	16.6	N/A	$	67.4	N/A	$	67.4	N/A	$	8.0	N/A		$	8.0
Interest rate swap agreements	N/A	N/A		N/A	N/A		N/A	0.1		N/A	0.1		N/A	4.0		N/A		4.0
Contingent purchase price payments related to reacquisition of the perpetual rights to the TOMMY HILFIGER trademarks in India	N/A	N/A		N/A	N/A		N/A	N/A		N/A	N/A		N/A	N/A		$	1.7	1.7
Total Liabilities	N/A	$	16.6	N/A	$	16.6	N/A	$	67.5	N/A	$	67.5	N/A	$	12.0	$	1.7	$	13.7

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 was estimated based on external valuation models, which used 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), the Company was required to make annual contingent purchase price payments, with the final payment made in the third quarter of 2017. The Company was required to remeasure this liability at fair value on a recurring basis and classified this as a Level 3 measurement.

The following table presents the change in the Level 3 contingent purchase price payment liability:



	Thirteen Weeks Ended
(In millions)	4/30/17
Beginning Balance	$	1.6
Payments	—
Adjustments included in earnings	0.1
Ending Balance	$	1.7

There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements.

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



	5/6/18				2/4/18				4/30/17
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value

Cash and cash equivalents	$	434.5	$	434.5	$	493.9	$	493.9	$	490.9	$	490.9
Short-term borrowings	254.5		254.5		19.5		19.5		42.5		42.5
Long-term debt	3,013.2		3,076.6		3,061.3		3,140.9		3,157.1		3,214.3

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.

- 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.

+ References + Details

STOCK-BASED COMPENSATION

3 Months Ended

May 06, 2018

STOCK-BASED COMPENSATION

The Company grants stock-based awards under its 2006 Stock Incentive Plan (the “2006 Plan”). 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; (ii) incentive stock options; (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. Awards granted under the 2006 Plan are classified as equity awards, which are recorded in stockholders’ equity in the Company’s Consolidated Balance Sheets.

Through May 6, 2018, the Company has granted under the 2006 Plan (i) service-based non-qualified stock options (“stock options”), RSUs and restricted stock; and (ii) contingently issuable PSUs and RSUs. All restricted stock granted by the Company was fully vested at the end of 2015.

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 RSU or PSU reduces the number available by two shares.

Net income for the thirteen weeks ended May 6, 2018 and April 30, 2017 included $11.6 million and $8.7 million, respectively, of pre-tax expense related to stock-based compensation, with related recognized income tax benefits of $2.3 million and $2.7 million, respectively.

The Company receives a tax deduction for certain transactions associated with its stock-based plan awards. The actual income tax benefits realized from these transactions during the thirteen weeks ended May 6, 2018 and April 30, 2017 were $11.7 million and $5.5 million, respectively. The tax benefits realized included discrete net excess tax benefits of $4.5 million recognized in the Company’s provision for income taxes during the thirteen weeks ended May 6, 2018. The discrete net excess tax deficiencies recognized in the Company’s provision for income taxes during the thirteen weeks ended April 30, 2017 were immaterial.

Stock Options

Stock options granted to employees are generally exercisable in four equal annual installments commencing one year after the date of grant. The underlying stock option award agreements generally provide for accelerated vesting upon the award recipient’s retirement (as defined in the 2006 Plan). Such stock options are granted with a 10-year term and the per share exercise price cannot be less than the closing price of the common stock on the date of grant.

The Company estimates the fair value of stock options at the date of grant using the Black-Scholes-Merton model. The estimated fair value of the stock options granted is expensed over the stock options’ vesting periods.

The following summarizes the assumptions used to estimate the fair value of stock options granted during the thirteen weeks ended May 6, 2018 and April 30, 2017:



	Thirteen Weeks Ended
	5/6/18			4/30/17
Weighted average risk-free interest rate	2.78		%	2.10		%
Weighted average expected stock option term (in years)	6.25			6.25
Weighted average Company volatility	26.92		%	29.46		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per stock option	$	51.66		$	33.50

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 stock option term. The expected stock option term represents the weighted average period of time that stock options granted are expected to be outstanding, based on vesting schedules and the contractual term of the stock options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected stock 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 stock option grants. The Company will continue to evaluate the appropriateness of utilizing such method.

Stock option activity for the thirteen weeks ended May 6, 2018 was as follows:



(In thousands, except per stock option data)	Stock Options	Weighted Average Exercise Price Per Stock Option
Outstanding at February 4, 2018	921	$	102.18
Granted	86	158.53
Exercised	132	100.76
Cancelled	3	101.33
Outstanding at May 6, 2018	872	$	107.95
Exercisable at May 6, 2018	526	$	102.69

RSUs

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 thirteen weeks ended May 6, 2018 was as follows:



(In thousands, except per RSU data)	RSUs	Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 4, 2018	917	$	103.90
Granted	281	158.94
Vested	273	107.35
Cancelled	13	102.72
Non-vested at May 6, 2018	912	$	119.81

PSUs

Contingently issuable PSUs granted to certain of the Company’s senior executives since 2015 are subject to a three-year performance period. For such awards, the final number of shares to be earned, if any, is contingent upon the Company’s achievement of goals for the applicable performance period, of which 50% is based upon the Company’s absolute stock price growth during the applicable performance period and 50% is based upon the Company’s total shareholder return during the applicable performance period relative to other companies included in the S&P 500 as of the date of grant. For awards granted in 2015, the three-year performance period ended during the first quarter of 2018. Holders of the awards earned an aggregate of 78,000 shares, which was between the target and maximum levels. 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 was established for each grant on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:



	2018			2017
Risk-free interest rate	2.62		%	1.49		%
Expected Company volatility	29.78		%	31.29		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per PSU	$	159.53		$	96.81

Certain of the awards granted in 2018, 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 7.09% in 2018 and 12.67% in 2017 for the restriction of liquidity, which was calculated using the Chaffe model.

PSU activity for the thirteen weeks ended May 6, 2018 was as follows:



(In thousands, except per PSU data)	PSUs	Weighted Average Grant Date Fair Value Per PSU
Non-vested at February 4, 2018	197	$	93.97
Granted at target	44	159.53
Change due to market condition achieved above target	32	101.23
Vested	78	101.23
Cancelled	—	—
Non-vested at May 6, 2018	195	$	107.03

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

May 06, 2018

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended May 6, 2018 and April 30, 2017:



(In millions)	Foreign currency translation adjustments				Net unrealized and realized (loss) gain on effective cash flow hedges			Total
Balance, February 4, 2018	$	(249.4	)		$	(72.1	)	$	(321.5	)
Other comprehensive (loss) income before reclassifications	(135.2		)	⁽¹⁾	28.0			(107.2		)
Less: Amounts reclassified from AOCL	—				(22.1		)	(22.1		)
Other comprehensive (loss) income	(135.2		)		50.1			(85.1		)
Balance, May 6, 2018	$	(384.6	)		$	(22.0	)	$	(406.6	)



(In millions)	Foreign currency translation adjustments				Net unrealized and realized gain (loss) on effective cash flow hedges			Total
Balance, January 29, 2017	$	(737.7	)		$	26.9		$	(710.8	)
Other comprehensive income (loss) before reclassifications	71.0			⁽¹⁾	(8.5		)	62.5
Less: Amounts reclassified from AOCL	—				3.1			3.1
Other comprehensive income (loss)	71.0				(11.6		)	59.4
Balance, April 30, 2017	$	(666.7	)		$	15.3		$	(651.4	)

⁽¹⁾Foreign currency translation adjustments included a net gain (loss) on net investment hedges of $37.0 million and $(5.3) million during the thirteen weeks ended May 6, 2018 and April 30, 2017, respectively.

The following table presents reclassifications out of AOCL to earnings for the thirteen weeks ended May 6, 2018 and April 30, 2017:



	Amount Reclassified from AOCL						Affected Line Item in the Company’s Consolidated Income Statements
	Thirteen Weeks Ended
(In millions)	5/6/18			4/30/17
Realized (loss) gain on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	(22.9	)	$	4.4		Cost of goods sold
Interest rate swap agreements	0.0			(2.3		)	Interest expense
Less: Tax effect	(0.8		)	(1.0		)	Income tax expense
Total, net of tax	$	(22.1	)	$	3.1

STOCKHOLDERS' EQUITY	3 Months Ended
STOCKHOLDERS' EQUITY	May 06, 2018
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 thirteen weeks ended May 6, 2018 and April 30, 2017, the Company purchased 0.4 million shares and 0.6 million shares, respectively, of its common stock under the program in open market transactions for $53.7 million and $59.7 million, respectively. As of May 6, 2018, the repurchased shares were held as treasury stock and $504.6 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.

NET INCOME PER COMMON SHARE

3 Months Ended

May 06, 2018

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

The Company computed its basic and diluted net income per common share as follows:



	Thirteen Weeks Ended
(In millions, except per share data)	5/6/18		4/30/17

Net income attributable to PVH Corp.	$	179.4	$	70.4

Weighted average common shares outstanding for basic net income per common share	77.1		78.2
Weighted average impact of dilutive securities	1.1		0.8
Total shares for diluted net income per common share	78.2		79.0

Basic net income per common share attributable to PVH Corp.	$	2.33	$	0.90

Diluted net income per common share attributable to PVH Corp.	$	2.29	$	0.89

Potentially dilutive securities excluded from the calculation of diluted net income per common share as the effect would be anti-dilutive were as follows:



	Thirteen Weeks Ended
(In millions)	5/6/18	4/30/17

Weighted average potentially dilutive securities	0.1	1.0

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 May 6, 2018 and April 30, 2017 and, therefore, were excluded from the calculation of diluted net income per common share for the thirteen weeks ended May 6, 2018 and April 30, 2017. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.1 million and 0.4 million as of May 6, 2018 and April 30, 2017, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above.

NONCASH INVESTING AND FINANCING TRANSACTIONS	3 Months Ended
NONCASH INVESTING AND FINANCING TRANSACTIONS	May 06, 2018
Notes to Financial Statements [Abstract]
NONCASH INVESTING AND FINANCING TRANSACTIONS	NONCASH INVESTING AND FINANCING TRANSACTIONS Omitted from purchases of property, plant and equipment in the Company’s Consolidated Statements of Cash Flows for the thirteen weeks ended May 6, 2018 and April 30, 2017 were $1.2 million and $0.5 million, respectively, of assets acquired through capital leases. Omitted from acquisition of treasury shares in the Company’s Consolidated Statement of Cash Flows for the thirteen weeks ended May 6, 2018 were $1.5 million of shares repurchased under the stock repurchase program for which the trades occurred but remained unsettled as of May 6, 2018. The Company completed the acquisition of the Geoffrey Beene tradename during the thirteen weeks ended May 6, 2018. Omitted from acquisitions, net of cash acquired in the Company’s Consolidated Statement of Cash Flows for the thirteen weeks ended May 6, 2018 was $0.7 million of acquisition consideration related to royalties prepaid to Geoffrey Beene by the Company under the prior license agreement and $0.4 million of liabilities assumed by the Company.

SEGMENT DATA

3 Months Ended

May 06, 2018

Deferred Revenue Disclosure [Text Block]

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, 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 product categories in North America. This segment also includes 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, distributors and franchisees; (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 product categories 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 product categories in North America. This segment also includes 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, distributors and franchisees; (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 product categories 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.

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, warehouse clubs and mass market and off-price retailers, as well as 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, pool and deck footwear, and swim-related products and accessories under the brand name Speedo; and (iv) women’s intimate apparel, shapewear and loungewear under the brand names Warner’s and Olga. Additionally, this segment derives revenue from Company operated digital commerce sites in the United States through SpeedoUSA.com and 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 in Mexico relating to the affiliates’ 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, to a lesser extent, Speedo products. Approximately half of these stores operate under the Van Heusen name, with the remaining stores featuring multiple brand names on the store signage.

The Company’s revenue by segment was as follows:



	Thirteen Weeks Ended
(In millions)	5/6/18		⁽¹⁾	4/30/17		⁽¹⁾
Revenue – Calvin Klein North America
Net sales	$	367.3		$	330.1
Royalty revenue	34.0			35.1
Advertising and other revenue	13.2			10.2
Total	414.5			375.4

Revenue – Calvin Klein International
Net sales	448.8			354.8
Royalty revenue	18.5			19.6
Advertising and other revenue	8.2			6.0
Total	475.5			380.4

Revenue – Tommy Hilfiger North America
Net sales	338.9			298.1
Royalty revenue	18.4			16.5
Advertising and other revenue	3.9			3.9
Total	361.2			318.5

Revenue – Tommy Hilfiger International
Net sales	637.2			507.8
Royalty revenue	12.0			10.1
Advertising and other revenue	5.4			5.6
Total	654.6			523.5

Revenue – Heritage Brands Wholesale
Net sales	340.8			326.8
Royalty revenue	5.4			5.0
Advertising and other revenue	0.9			0.9
Total	347.1			332.7

Revenue – Heritage Brands Retail
Net sales	60.5			57.4
Royalty revenue	1.1			1.0
Advertising and other revenue	0.1			0.1
Total	61.7			58.5

Total Revenue
Net sales	2,193.5			1,875.0
Royalty revenue	89.4			87.3
Advertising and other revenue	31.7			26.7
Total	$	2,314.6		$	1,989.0


⁽¹⁾	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Part I, Item 2 of this report for further discussion.

The Company’s revenue by distribution channel was as follows:



	Thirteen Weeks Ended
(In millions)	5/6/18		4/30/17
Wholesale net sales	$	1,284.1	$	1,109.1
Retail net sales	909.4		765.9
Net sales	2,193.5		1,875.0

Royalty revenue	89.4		87.3
Advertising and other revenue	31.7		26.7
Total	$	2,314.6	$	1,989.0

The Company’s income before interest and taxes by segment was as follows:



	Thirteen Weeks Ended
(In millions)	5/6/18			⁽¹⁾	4/30/17			⁽¹⁾
Income before interest and taxes – Calvin Klein North America	$	43.5			$	41.9

Income before interest and taxes – Calvin Klein International	65.1				51.6

Income (loss) before interest and taxes – Tommy Hilfiger North America	40.8				(18.8		)	⁽³⁾⁽⁴⁾

Income before interest and taxes – Tommy Hilfiger International	91.2				52.1			⁽⁴⁾

Income before interest and taxes – Heritage Brands Wholesale	39.8				30.3

Income before interest and taxes – Heritage Brands Retail	1.8				1.5

Loss before interest and taxes – Corporate⁽²⁾	(37.9		)		(45.4		)	⁽⁵⁾⁽⁶⁾

Income before interest and taxes	$	244.3			$	113.2


⁽¹⁾	Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Part I, Item 2 of this report for further discussion.

⁽²⁾

Includes corporate expenses not allocated to any reportable segments, the Company’s proportionate share of the net income or loss of its investments in Gazal Corporation Limited and the parent company of the Karl Lagerfeld brand, and the results of PVH Ethiopia. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, actuarial gains and losses from the Company’s Pension Plans, SERP Plans and Postretirement Plans (which are generally recorded in the fourth quarter) and gains and losses from changes in the fair value of foreign currency option contracts.


⁽³⁾	Loss before interest and taxes for the thirteen weeks ended April 30, 2017 included costs of $7.0 million associated with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense.

⁽⁴⁾

Income (loss) before interest and taxes for the thirteen weeks ended April 30, 2017 included costs of $54.2 million associated with the agreements to restructure the Company’s supply chain relationship with Li & Fung Trading Limited (“Li & Fung”), under which the Company terminated its non-exclusive buying agency agreement with Li & Fung in 2017. Such costs were included in the Company’s segments as follows: $31.3 million in Tommy Hilfiger North America and $22.9 million in Tommy Hilfiger International.


⁽⁵⁾	Loss before interest and taxes for the thirteen weeks ended April 30, 2017 included costs of $1.8 million associated with the consolidation within the Company’s warehouse and distribution network in North America.

⁽⁶⁾

Loss before interest and taxes for the thirteen weeks ended April 30, 2017 included costs of $9.4 million related to the noncash settlement of certain of the Company’s benefit obligations related to its Pension Plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer. Please see Note 8, “Retirement and Benefit Plans,” for further discussion.

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.

GUARANTEES	3 Months Ended
GUARANTEES	May 06, 2018
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 2013 pursuant to the terms of noncancelable leases expiring on various dates through 2022. The 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 May 6, 2018 was $12.3 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 May 6, 2018, February 4, 2018 and April 30, 2017 was $0.5 million, $0.6 million and $1.0 million, respectively, which was included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. The Company has guaranteed a portion of the respective debt and other obligations of its joint venture in Australia and one of its joint ventures in India. The maximum amount guaranteed as of May 6, 2018 was approximately $11.6 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 May 6, 2018, February 4, 2018 and April 30, 2017. The Company has guaranteed the payment of amounts on behalf of certain other parties, none of which are material individually or in the aggregate.

RECENT ACCOUNTING GUIDANCE	3 Months Ended
RECENT ACCOUNTING GUIDANCE	May 06, 2018
Notes to Financial Statements [Abstract]
RECENT ACCOUNTING GUIDANCE	RECENT ACCOUNTING GUIDANCE Recently Adopted Accounting Guidance The Financial Accounting Standards Board (“FASB”) issued in May 2014 guidance that superseded most of the previous 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 under the new guidance. The majority of the Company’s revenue is generated from sales of finished products, which continues to be recognized when control of the product is transferred to the customer. Under the guidance, the Company’s royalty and advertising revenue continues to be recognized over time, however, the timing of the recognition of revenue among quarters may be affected for certain of the Company’s license agreements. For loyalty programs, the Company previously recorded 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 is deferred initially when the loyalty awards are earned, and recognized, along with the related cost of goods sold, as the loyalty awards are redeemed or, if not redeemed, as they expire. Revenue for the unredeemed portion of gift cards, which was previously recognized when the likelihood of redemption became remote, is now recognized under the guidance proportionately over the estimated customer redemption period, subject to the constraint that it must be probable that a significant reversal of revenue will not occur. The Company adopted the standard in the first quarter of 2018 by applying the modified retrospective method to all contracts. As a result of the adoption, the Company recognized the cumulative effect of initially applying the standard as a $1.9 million decrease to opening retained earnings with offsetting increases to deferred revenue and accrued expenses of $1.5 million and $0.4 million, respectively. Additionally, at the time of adoption, the Company reclassified the liabilities related to loyalty awards and the unredeemed portion of gift cards of $7.2 million and $6.9 million, respectively, from accrued expenses to deferred revenue in the Company’s Consolidated Balance Sheet. Otherwise, the adoption of the standard did not have a material impact on the Company’s consolidated financial statements as of and for the thirteen weeks ended May 6, 2018, including the Company’s Consolidated Income Statement and Consolidated Balance Sheet, or on any individual caption therein. Please see Note 2, “Revenue,” for further discussion. 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 Company adopted this update in the first quarter of 2018 and it did not have any impact on the Company’s consolidated financial statements as the Company does not currently have such investments. 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 Company adopted this update in the first quarter of 2018 on a retrospective basis. As a result, contingent purchase price payments to Mr. Calvin Klein of $12.5 million in the first quarter of 2017 were reclassified from investing activities to operating activities in the Company’s Consolidated Statement of Cash Flows, consistent with the current period classification under the update. Otherwise, the adoption of the update did not have a material impact on the Company’s Consolidated Statements of Cash Flows, as the Company’s historical presentation of cash receipts and cash payments has been consistent with this guidance. 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. Previous guidance required entities to defer the income tax effect of intercompany transfers of assets until the asset was sold to an outside party or otherwise recognized. The update requires companies to recognize immediately in their income statement the income tax effects of an intercompany sale or transfer of an asset other than inventory. The Company adopted this update in the first quarter of 2018 on a modified retrospective basis, resulting in a cumulative-effect adjustment to decrease opening retained earnings by $8.0 million, with a corresponding decrease in other assets. The FASB issued in November 2016 an update to accounting guidance to clarify and provide specific guidance on the cash flow classification 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 Company adopted this update in the first quarter of 2018 and it did not have any impact on the Company’s Consolidated Statements 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 similar 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 Company adopted this update in the first quarter of 2018. This updated guidance was applied to applicable transactions after the adoption date and did not have a material impact on the Company’s consolidated financial statements. The FASB issued in March 2017 an update to accounting guidance to change the income statement presentation of net periodic pension and postretirement benefit cost. The update requires employers to report the service cost component of net periodic 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 periodic 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 periodic benefit cost is eligible for capitalization, when applicable. The Company adopted this update in the first quarter of 2018 on a retrospective basis. As a result, the Company reclassified $7.1 million from SG&A expenses to non-service related pension and postretirement cost within income before interest and taxes in the Company’s Consolidated Income Statement for the first quarter of 2017. Otherwise, the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. Accounting Guidance Issued But Not Adopted as of May 6, 2018 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, but retains an expense recognition model similar to the current guidance. 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 standard also requires additional quantitative and qualitative disclosures. 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, which includes several optional practical expedients, for leases that exist or are entered into after the beginning of the earliest period presented. The Company formed a global, cross-functional project team to implement the new guidance and analyze its impacts. The Company has collected relevant data for the majority of its leases and is evaluating the changes needed to its processes and internal controls as a result of the new guidance. To facilitate the adoption of the new guidance and the related reporting requirements, the Company has also selected a global lease management and accounting software, which has been implemented in North America and is currently being tested internationally. While the Company’s assessment of the new guidance is still in process, it will result in a significant increase to the Company’s other assets and other liabilities, but is not expected to have a material impact on the Company’s results of operations. The Company intends to adopt the standard in the first quarter of 2019. 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. The FASB issued in January 2018 guidance related to the accounting for tax on the GILTI provisions of the Tax Legislation. The GILTI provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations for tax years beginning after December 31, 2017. The guidance indicates that companies must make a policy election to either record deferred taxes related to GILTI inclusions or treat any taxes on GILTI inclusions as period costs. The Company is currently in the process of analyzing the effects of the GILTI provisions and plans to make an accounting policy election within the permitted measurement period.

OTHER COMMENTS	3 Months Ended
OTHER COMMENTS	May 06, 2018
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 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 Company received a principal payment of $0.1 million from Wuxi during the thirteen weeks ended May 6, 2018. The outstanding balance, including accrued interest, was $13.7 million, $14.0 million and $13.9 million as of May 6, 2018, February 4, 2018, and April 30, 2017, respectively, and was included in other assets in the Company’s Consolidated Balance Sheets.

GENERAL (Policies)	3 Months Ended
GENERAL (Policies)	May 06, 2018
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 and are designated by the calendar year in which the fiscal year commences.
Consolidation, Policy	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 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.

REVENUE Deferred Revenue (Tables)

3 Months Ended

May 06, 2018

Deferred Revenue [Abstract]

Changes in deferred revenue related to customer loyalty programs, gift cards and license agreements for the thirteen weeks ended May 6, 2018 were as follows:



(In millions)	Thirteen Weeks Ended
Deferred revenue balance at February 4, 2018	$	39.2
Impact of adopting the new revenue standard ⁽¹⁾	15.6
Additions to deferred revenue during the period	32.5
Reductions in deferred revenue for revenue recognized during the period	(39.5		)
Deferred revenue balance at May 6, 2018	$	47.8

⁽¹⁾ Please see Note 20, “Recent Accounting Guidance,” for further discussion of the adoption of the new revenue standard.

GOODWILL (Tables)

3 Months Ended

May 06, 2018

Goodwill [Abstract]

Schedule of Goodwill [Table Text Block]



(In millions)	Calvin Klein North America			Calvin Klein International			Tommy Hilfiger North America		Tommy Hilfiger International			Heritage Brands Wholesale		Heritage Brands Retail			Total
Balance as of February 4, 2018
Goodwill, gross	$	780.2		$	942.0		$	204.4	$	1,661.6		$	246.5	$	11.9		$	3,846.6
Accumulated impairment losses	—			—			—		—			—		(11.9		)	(11.9		)
Goodwill, net	780.2			942.0			204.4		1,661.6			246.5		—			3,834.7
Contingent purchase price payments to Mr. Calvin Klein	1.0			0.7			—		—			—		—			1.7
Currency translation and other	(0.9		)	(12.0		)	—		(61.1		)	—		—			(74.0		)
Balance as of May 6, 2018
Goodwill, gross	780.3			930.7			204.4		1,600.5			246.5		11.9			3,774.3
Accumulated impairment losses	—			—			—		—			—		(11.9		)	(11.9		)
Goodwill, net	$	780.3		$	930.7		$	204.4	$	1,600.5		$	246.5	$	—		$	3,762.4

RETIREMENT AND BENEFIT PLANS (Tables)

3 Months Ended

May 06, 2018

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Benefit Costs [Table Text Block]



	Pension Plans						SERP Plans
	Thirteen Weeks Ended						Thirteen Weeks Ended
(In millions)	5/6/18			4/30/17			5/6/18		4/30/17

Service cost, including plan expenses	$	8.3		$	6.9		$	1.3	$	1.2
Interest cost	6.5			6.4			1.0		1.0
Expected return on plan assets	(10.0		)	(9.7		)	—		—
Loss on settlement	—			9.4			—		—
Total	$	4.8		$	13.0		$	2.3	$	2.2

Net benefit cost related to the Postretirement Plans was immaterial for the thirteen weeks ended May 6, 2018 and April 30, 2017.

DEBT (Tables)

3 Months Ended

May 06, 2018

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:



(In millions)	5/6/18		2/4/18		4/30/17

Senior secured Term Loan A facility due 2021	$	1,792.4	$	1,792.1	$	1,990.5
4 1/2% senior unsecured notes due 2022	—		—		690.8
7 3/4% debentures due 2023	99.6		99.5		99.5
3 5/8% senior unsecured euro notes due 2024 ⁽¹⁾	413.0		430.8		376.3
3 1/8% senior unsecured euro notes due 2027 ⁽¹⁾	708.2		738.9		—
Total	3,013.2		3,061.3		3,157.1
Less: Current portion of long-term debt	—		—		—
Long-term debt	$	3,013.2	$	3,061.3	$	3,157.1

⁽¹⁾ The carrying amount of the Company’s senior unsecured euro notes includes the impact of changes of the United States dollar against the euro.

Schedule of Mandatory Long-Term Debt Repayments [Table Text Block]

As of May 6, 2018, the Company’s mandatory long-term debt repayments for the remainder of 2018 through 2023 were as follows:



(In millions)
Fiscal Year	Amount
Remainder of 2018	$	—
2019	38.8
2020	234.7
2021	1,525.8
2022	—
2023	100.0

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 8
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

May 06, 2018

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:



(In millions)	Assets												Liabilities
	5/6/2018				2/4/2018				4/30/2017				5/6/2018				2/4/2018				4/30/2017
	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	8.1	$	1.6	$	0.9	$	0.1	$	18.6	$	0.1	$	14.8	$	0.2	$	62.4	$	4.1	$	6.1	$	1.0
Interest rate swap agreements	1.7		1.1		1.1		1.3		—		—		—		—		0.1		—		4.0		—
Total contracts designated as cash flow hedges	9.8		2.7		2.0		1.4		18.6		0.1		14.8		0.2		62.5		4.1		10.1		1.0
Undesignated contracts:
Foreign currency forward exchange contracts	0.7		—		0.5		—		0.6		—		1.6		—		0.9		—		0.9		—
Foreign currency option contracts	—		—		—		—		1.7		—		—		—		—		—		—		—
Total undesignated contracts	0.7		—		0.5		—		2.3		—		1.6		—		0.9		—		0.9		—
Total	$	10.5	$	2.7	$	2.5	$	1.4	$	20.9	$	0.1	$	16.4	$	0.2	$	63.4	$	4.1	$	11.0	$	1.0

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:



	Gain (Loss) Recognized in Other Comprehensive (Loss) Income					(Loss) Gain Reclassified from AOCL into (Expense) Income
(In millions)	Gain (Loss) Recognized in Other Comprehensive (Loss) Income					Location	Amount
Thirteen Weeks Ended	5/6/18		4/30/17				5/6/18			4/30/17
Foreign currency forward exchange contracts (inventory purchases)	$	29.4	$	(7.8	)	Cost of goods sold	$	(22.9	)	$	4.4
Interest rate swap agreements	0.5		0.8			Interest expense	0.0			(2.3		)
Foreign currency borrowings (net investment hedges)	49.0		(8.6		)	N/A	—			—
Total	$	78.9	$	(15.6	)		$	(22.9	)	$	2.1

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:



(In millions)	(Loss) Gain Recognized in (Expense) Income
Thirteen Weeks Ended	5/6/18			4/30/17
Foreign currency forward exchange contracts	$	(0.5	)	$	0.2
Foreign currency option contracts	—			(2.6		)

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

May 06, 2018

Apr. 30, 2017

Fair Value Measurements [Abstract]

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



	5/6/18						2/4/18						4/30/17
(In millions)	Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3		Total
Assets:
Foreign currency forward exchange contracts	N/A	$	10.4	N/A	$	10.4	N/A	$	1.5	N/A	$	1.5	N/A	$	19.3	N/A		$	19.3
Interest rate swap agreements	N/A	2.8		N/A	2.8		N/A	2.4		N/A	2.4		N/A	N/A		N/A		N/A
Foreign currency option contracts	N/A	N/A		N/A	N/A		N/A	N/A		N/A	N/A		N/A	1.7		N/A		1.7
Total Assets	N/A	$	13.2	N/A	$	13.2	N/A	$	3.9	N/A	$	3.9	N/A	$	21.0	N/A		$	21.0

Liabilities:
Foreign currency forward exchange contracts	N/A	$	16.6	N/A	$	16.6	N/A	$	67.4	N/A	$	67.4	N/A	$	8.0	N/A		$	8.0
Interest rate swap agreements	N/A	N/A		N/A	N/A		N/A	0.1		N/A	0.1		N/A	4.0		N/A		4.0
Contingent purchase price payments related to reacquisition of the perpetual rights to the TOMMY HILFIGER trademarks in India	N/A	N/A		N/A	N/A		N/A	N/A		N/A	N/A		N/A	N/A		$	1.7	1.7
Total Liabilities	N/A	$	16.6	N/A	$	16.6	N/A	$	67.5	N/A	$	67.5	N/A	$	12.0	$	1.7	$	13.7

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:



	Thirteen Weeks Ended
(In millions)	4/30/17
Beginning Balance	$	1.6
Payments	—
Adjustments included in earnings	0.1
Ending Balance	$	1.7

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

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



	5/6/18				2/4/18				4/30/17
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value

Cash and cash equivalents	$	434.5	$	434.5	$	493.9	$	493.9	$	490.9	$	490.9
Short-term borrowings	254.5		254.5		19.5		19.5		42.5		42.5
Long-term debt	3,013.2		3,076.6		3,061.3		3,140.9		3,157.1		3,214.3

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

May 06, 2018

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 stock options granted during the thirteen weeks ended May 6, 2018 and April 30, 2017:



	Thirteen Weeks Ended
	5/6/18			4/30/17
Weighted average risk-free interest rate	2.78		%	2.10		%
Weighted average expected stock option term (in years)	6.25			6.25
Weighted average Company volatility	26.92		%	29.46		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per stock option	$	51.66		$	33.50

Share-based Compensation, Stock Options, Activity [Table Text Block]

Stock option activity for the thirteen weeks ended May 6, 2018 was as follows:



(In thousands, except per stock option data)	Stock Options	Weighted Average Exercise Price Per Stock Option
Outstanding at February 4, 2018	921	$	102.18
Granted	86	158.53
Exercised	132	100.76
Cancelled	3	101.33
Outstanding at May 6, 2018	872	$	107.95
Exercisable at May 6, 2018	526	$	102.69

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

RSU activity for the thirteen weeks ended May 6, 2018 was as follows:



(In thousands, except per RSU data)	RSUs	Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 4, 2018	917	$	103.90
Granted	281	158.94
Vested	273	107.35
Cancelled	13	102.72
Non-vested at May 6, 2018	912	$	119.81

Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block]

The fair value of the awards granted was established for each grant on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:



	2018			2017
Risk-free interest rate	2.62		%	1.49		%
Expected Company volatility	29.78		%	31.29		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per PSU	$	159.53		$	96.81

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

PSU activity for the thirteen weeks ended May 6, 2018 was as follows:



(In thousands, except per PSU data)	PSUs	Weighted Average Grant Date Fair Value Per PSU
Non-vested at February 4, 2018	197	$	93.97
Granted at target	44	159.53
Change due to market condition achieved above target	32	101.23
Vested	78	101.23
Cancelled	—	—
Non-vested at May 6, 2018	195	$	107.03

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

May 06, 2018

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss [Table Text Block]

The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended May 6, 2018 and April 30, 2017:



(In millions)	Foreign currency translation adjustments				Net unrealized and realized (loss) gain on effective cash flow hedges			Total
Balance, February 4, 2018	$	(249.4	)		$	(72.1	)	$	(321.5	)
Other comprehensive (loss) income before reclassifications	(135.2		)	⁽¹⁾	28.0			(107.2		)
Less: Amounts reclassified from AOCL	—				(22.1		)	(22.1		)
Other comprehensive (loss) income	(135.2		)		50.1			(85.1		)
Balance, May 6, 2018	$	(384.6	)		$	(22.0	)	$	(406.6	)



(In millions)	Foreign currency translation adjustments				Net unrealized and realized gain (loss) on effective cash flow hedges			Total
Balance, January 29, 2017	$	(737.7	)		$	26.9		$	(710.8	)
Other comprehensive income (loss) before reclassifications	71.0			⁽¹⁾	(8.5		)	62.5
Less: Amounts reclassified from AOCL	—				3.1			3.1
Other comprehensive income (loss)	71.0				(11.6		)	59.4
Balance, April 30, 2017	$	(666.7	)		$	15.3		$	(651.4	)

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 weeks ended May 6, 2018 and April 30, 2017:



	Amount Reclassified from AOCL						Affected Line Item in the Company’s Consolidated Income Statements
	Thirteen Weeks Ended
(In millions)	5/6/18			4/30/17
Realized (loss) gain on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	(22.9	)	$	4.4		Cost of goods sold
Interest rate swap agreements	0.0			(2.3		)	Interest expense
Less: Tax effect	(0.8		)	(1.0		)	Income tax expense
Total, net of tax	$	(22.1	)	$	3.1

NET INCOME PER COMMON SHARE (Tables)

3 Months Ended

May 06, 2018

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:



	Thirteen Weeks Ended
(In millions, except per share data)	5/6/18		4/30/17

Net income attributable to PVH Corp.	$	179.4	$	70.4

Weighted average common shares outstanding for basic net income per common share	77.1		78.2
Weighted average impact of dilutive securities	1.1		0.8
Total shares for diluted net income per common share	78.2		79.0

Basic net income per common share attributable to PVH Corp.	$	2.33	$	0.90

Diluted net income per common share attributable to PVH Corp.	$	2.29	$	0.89

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:



	Thirteen Weeks Ended
(In millions)	5/6/18	4/30/17

Weighted average potentially dilutive securities	0.1	1.0

SEGMENT DATA (Tables)

3 Months Ended

May 06, 2018

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company’s revenue by segment was as follows:



	Thirteen Weeks Ended
(In millions)	5/6/18		⁽¹⁾	4/30/17		⁽¹⁾
Revenue – Calvin Klein North America
Net sales	$	367.3		$	330.1
Royalty revenue	34.0			35.1
Advertising and other revenue	13.2			10.2
Total	414.5			375.4

Revenue – Calvin Klein International
Net sales	448.8			354.8
Royalty revenue	18.5			19.6
Advertising and other revenue	8.2			6.0
Total	475.5			380.4

Revenue – Tommy Hilfiger North America
Net sales	338.9			298.1
Royalty revenue	18.4			16.5
Advertising and other revenue	3.9			3.9
Total	361.2			318.5

Revenue – Tommy Hilfiger International
Net sales	637.2			507.8
Royalty revenue	12.0			10.1
Advertising and other revenue	5.4			5.6
Total	654.6			523.5

Revenue – Heritage Brands Wholesale
Net sales	340.8			326.8
Royalty revenue	5.4			5.0
Advertising and other revenue	0.9			0.9
Total	347.1			332.7

Revenue – Heritage Brands Retail
Net sales	60.5			57.4
Royalty revenue	1.1			1.0
Advertising and other revenue	0.1			0.1
Total	61.7			58.5

Total Revenue
Net sales	2,193.5			1,875.0
Royalty revenue	89.4			87.3
Advertising and other revenue	31.7			26.7
Total	$	2,314.6		$	1,989.0


⁽¹⁾	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Part I, Item 2 of this report for further discussion.

The Company’s revenue by distribution channel was as follows:



	Thirteen Weeks Ended
(In millions)	5/6/18		4/30/17
Wholesale net sales	$	1,284.1	$	1,109.1
Retail net sales	909.4		765.9
Net sales	2,193.5		1,875.0

Royalty revenue	89.4		87.3
Advertising and other revenue	31.7		26.7
Total	$	2,314.6	$	1,989.0

The Company’s income before interest and taxes by segment was as follows:



	Thirteen Weeks Ended
(In millions)	5/6/18			⁽¹⁾	4/30/17			⁽¹⁾
Income before interest and taxes – Calvin Klein North America	$	43.5			$	41.9

Income before interest and taxes – Calvin Klein International	65.1				51.6

Income (loss) before interest and taxes – Tommy Hilfiger North America	40.8				(18.8		)	⁽³⁾⁽⁴⁾

Income before interest and taxes – Tommy Hilfiger International	91.2				52.1			⁽⁴⁾

Income before interest and taxes – Heritage Brands Wholesale	39.8				30.3

Income before interest and taxes – Heritage Brands Retail	1.8				1.5

Loss before interest and taxes – Corporate⁽²⁾	(37.9		)		(45.4		)	⁽⁵⁾⁽⁶⁾

Income before interest and taxes	$	244.3			$	113.2


⁽¹⁾	Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Part I, Item 2 of this report for further discussion.

⁽²⁾


⁽³⁾	Loss before interest and taxes for the thirteen weeks ended April 30, 2017 included costs of $7.0 million associated with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense.

⁽⁴⁾


⁽⁵⁾	Loss before interest and taxes for the thirteen weeks ended April 30, 2017 included costs of $1.8 million associated with the consolidation within the Company’s warehouse and distribution network in North America.

⁽⁶⁾

GENERAL Redeemable Non-Controlling Interest (Details) - Ethiopia Joint Venture [Member]	May 06, 2018
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	75.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	25.00%

REVENUE (Details) - USD ($)
$ in Millions

3 Months Ended

May 06, 2018

Feb. 04, 2018

Impact of adopting the new revenue standard

Deferred Revenue

$ 47.8

$ 39.2

^[1]

15.6

Additions to deferred revenue during the period

32.5

Reductions in deferred revenue for revenue recognized during the period

(39.5)

Long-term deferred revenue liabilities (included in Other Liabilities)

$ 4.6

$ 3.9

Minimum [Member]

Payment Terms

30 days

Maximum [Member]

License Agreements [Member]

Payment Terms

90 days

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 05-07-2018 [Member] | License Agreements [Member]

$ 1,292.9

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

$ 194.3

9 months

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 02-04-2019 [Member] | License Agreements [Member]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

$ 224.9

1 year

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 02-03-2020 [Member] | License Agreements [Member]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

$ 873.7

[1]	Please see Note 20, “Recent Accounting Guidance,” for further discussion of the adoption of the new revenue standard.

ACQUISITIONS (Details) - USD ($) $ in Millions	Apr. 20, 2018	Sep. 01, 2017	Mar. 30, 2017
Geoffrey Beene Acquisition [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 17.0
Cash paid to acquire intangible assets	15.9
Noncash or Part Noncash Acquisition, Prepaid Royalties Assumed	0.7
Noncash or Part Noncash Acquisition, Other Liabilities Assumed	$ 0.4
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
Goodwill		12.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		1.5
Belgian Acquisition [Member] \| Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill		11.1
Belgian Acquisition [Member] \| Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill		$ 1.3
True&Co. Acquisition [Member]
Business Acquisition [Line Items]
Cash paid to acquire business			$ 28.5
Goodwill			20.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			7.6
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets			7.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			0.4
True&Co. Acquisition [Member] \| Calvin Klein North America [Member]
Business Acquisition [Line Items]
Goodwill			5.4
True&Co. Acquisition [Member] \| Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill			4.8
True&Co. Acquisition [Member] \| Heritage Brands Wholesale [Member]
Business Acquisition [Line Items]
Goodwill			$ 10.7

REDEEMABLE NON-CONTROLLING INTEREST (Details) - USD ($) $ in Millions	3 Months Ended
	May 06, 2018	Apr. 30, 2017	Feb. 04, 2018	Jun. 29, 2016
Noncontrolling Interest [Line Items]
Redeemable Non-Controlling Interest	$ 1.5	$ 3.4	$ 2.0
Net loss attributable to redeemable noncontrolling interest	$ (0.5)	(0.3)
Ethiopia Joint Venture [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	75.00%
Redeemable Noncontrolling Interest, Equity, Fair Value				$ 0.1
Redeemable Non-Controlling Interest	$ 1.5	$ 3.4	$ 2.0
Net loss attributable to redeemable noncontrolling interest	$ 0.5

INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions	3 Months Ended
	May 06, 2018	Apr. 30, 2017	Jan. 29, 2017	Feb. 04, 2018	Aug. 02, 2016
Schedule of Equity Method Investments [Line Items]
Dividends received from unconsolidated affiliates	$ 3.6	$ 1.5
Payments made to unconsolidated affiliates	0.0	1.2
Payment received on advance to unconsolidated affiliate	0.0	6.3
Investments in Unconsolidated Affiliates	$ 198.6	$ 182.0		$ 208.4
Tommy Hilfiger Brazil Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Note receivable, related parties					$ 12.5
Payment received on advance to unconsolidated affiliate			$ 6.2

GOODWILL (Details) $ in Millions	3 Months Ended
GOODWILL (Details) $ in Millions	May 06, 2018 USD ($)
Goodwill [Line Items]
Contingent purchase price payments, percentage of total worldwide net sales	1.15%
Contingent purchase price payment terms	45 days
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	$ 3,846.6
Accumulated impairment losses, beginning of period	(11.9)
Goodwill, net, beginning of period	3,834.7
Contingent purchase price payments to Mr. Calvin Klein	1.7
Currency translation and other	(74.0)
Goodwill, gross, end of period	3,774.3
Accumulated impairment losses, end of period	(11.9)
Goodwill, net, end of period	3,762.4
Calvin Klein North America [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	780.2
Accumulated impairment losses, beginning of period	0.0
Goodwill, net, beginning of period	780.2
Contingent purchase price payments to Mr. Calvin Klein	1.0
Currency translation and other	(0.9)
Goodwill, gross, end of period	780.3
Accumulated impairment losses, end of period	0.0
Goodwill, net, end of period	780.3
Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	942.0
Accumulated impairment losses, beginning of period	0.0
Goodwill, net, beginning of period	942.0
Contingent purchase price payments to Mr. Calvin Klein	0.7
Currency translation and other	(12.0)
Goodwill, gross, end of period	930.7
Accumulated impairment losses, end of period	0.0
Goodwill, net, end of period	930.7
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	1,661.6
Accumulated impairment losses, beginning of period	0.0
Goodwill, net, beginning of period	1,661.6
Contingent purchase price payments to Mr. Calvin Klein	0.0
Currency translation and other	(61.1)
Goodwill, gross, end of period	1,600.5
Accumulated impairment losses, end of period	0.0
Goodwill, net, end of period	1,600.5
Heritage Brands Wholesale [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period	246.5
Accumulated impairment losses, beginning of period	0.0
Goodwill, net, beginning of period	246.5
Contingent purchase price payments to Mr. Calvin Klein	0.0
Currency translation and other	0.0
Goodwill, gross, end of period	246.5
Accumulated impairment losses, end of period	0.0
Goodwill, net, end of period	246.5
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

RETIREMENT AND BENEFIT PLANS (Details) $ in Millions	3 Months Ended
RETIREMENT AND BENEFIT PLANS (Details) $ in Millions	May 06, 2018 USD ($)	Apr. 30, 2017 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Settlement loss on retirement plans	$ 0.0	$ 9.4
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
Service cost, including plan expenses	$ 8.3	$ 6.9
Interest cost	6.5	6.4
Expected return on plan assets	(10.0)	(9.7)
Settlement loss on retirement plans	0.0	9.4
Total	$ 4.8	13.0
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
Plan Benefit Payment Activation Age	65
Plan Benefit Payment Period	10 years
Minimum Number of Years of Employment	10 years
Minimum Age Prior to Employment Termination	55
Service cost, including plan expenses	$ 1.3	1.2
Interest cost	1.0	1.0
Expected return on plan assets	0.0	0.0
Settlement loss on retirement plans	0.0	0.0
Total	$ 2.3	$ 2.2
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

DEBT Short-Term Lines of Credit, Overdraft Facilities, Senior Secured Credit Facilities and Short-Term Revolving Credit Facilities (Details) $ in Millions	3 Months Ended
	May 06, 2018 USD ($)
2016 Senior Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Line of credit facility, amount outstanding	$ 231.9
Short-term debt, weighted average interest rate	3.46%
Maximum amount of borrowings outstanding during the period	$ 231.9
Lines of Credit, Foreign Facilities [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	89.1
Line of credit facility, amount outstanding	$ 22.6
Short-term debt, weighted average interest rate	3.15%
Maximum amount of borrowings outstanding during the period	$ 38.5

- 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.

+ References + Details

DEBT Schedule of Mandatory Long-Term Debt Repayments (Details) $ in Millions	May 06, 2018 USD ($)
Debt Instrument [Line Items]
Mandatory Long-Term Debt Repayment Remainder of 2018	$ 0.0
Mandatory Long-Term Debt Repayment 2019	38.8
Mandatory Long-Term Debt Repayment 2020	234.7
Mandatory Long-Term Debt Repayment 2021	1,525.8
Mandatory Long-Term Debt Repayment 2022	0.0
Mandatory Long-Term Debt Repayment 2023	$ 100.0

DEBT Schedule of Long Term Debt Instruments (Details)
€ in Millions, $ in Millions

3 Months Ended

24 Months Ended

Jan. 05, 2018

USD ($)

May 06, 2018

USD ($)

Feb. 04, 2018

EUR (€)

Feb. 04, 2018

USD ($)

Apr. 30, 2017

USD ($)

Feb. 18, 2020

Feb. 16, 2018

May 06, 2018

EUR (€)

May 06, 2018

USD ($)

Dec. 21, 2017

EUR (€)

Jun. 16, 2017

USD ($)

Jun. 20, 2016

EUR (€)

May 19, 2016

EUR (€)

May 19, 2016

USD ($)

Aug. 03, 2014

USD ($)

Percentage of long-term debt at fixed interest rates

50.00%

Long-term debt (including portion classified as current), carrying amount

$ 3,061.3

$ 3,157.1

$ 3,013.2

Long-term Debt, Current Maturities

0.0

Long-term Debt, Excluding Current Maturities

3,061.3

3,157.1

3,013.2

Repayment of senior secured credit facilities

$ 0.0

50.0

2018 Interest Rate Swap [Member]

Derivative, Term of Contract

2 years

Derivative, Notional Amount

$ 306.5

Derivative, Fixed Interest Rate

1.566%

2016 Interest Rate Swap [Member]

Derivative, Term of Contract

2 years

Derivative, Notional Amount

$ 682.6

Derivative, Average Fixed Interest Rate

1.924%

Senior notes due 2022 [Member]

Write off of deferred debt issuance costs

0.0

690.8

$ 0.0

$ 8.1

Payment for debt extinguishment or debt prepayment cost

4.50%

Long-term Debt, Gross

$ 700.0

$ 15.8

Senior debenture due 2023 [Member]

99.5

$ 99.6

Senior notes due 2024 [Member]

7.75%

Long-term Debt, Gross

$ 100.0

^[1]

430.8

376.3

$ 413.0

Debt instrument, face amount | €

3.625%

€ 350.0

Senior notes due 2027 [Member]

Payments of Debt Issuance Costs

^[1]

738.9

0.0

$ 708.2

€ 8.7

10.3

Debt instrument, face amount | €

3.125%

€ 600.0

2016 Facilities Term Loan A [Member]

Repayment of senior secured credit facilities

Secured Debt

$ 1,792.1

1,990.5

$ 1,792.4

$ 2,347.4

$ 50.0

2016 Senior Secured Credit Facilities [Member]

Letters of credit outstanding, amount

21.6

2016 Senior Secured Credit Facilities [Member] | United States of America, Dollars

Line of credit facility, maximum borrowing capacity

475.0

2016 Senior Secured Credit Facilities [Member] | United States Dollars or Canadian Dollars [Member]

Line of credit facility, maximum borrowing capacity

$ 25.0

2016 Senior Secured Credit Facilities [Member] | Euro, British Pound, Japanese Yen and Swiss Francs [Member]

Line of credit facility, maximum borrowing capacity | €

€ 185.9

2016 Senior Secured Credit Facilities [Member]