Document and Entity Information Document - shares |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
Jun. 04, 2019 |
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| Document Information [Line Items] | ||
| Entity Registrant Name | PVH CORP. /DE/ | |
| Entity Central Index Key | 0000078239 | |
| Current Fiscal Year End Date | --02-02 | |
| Entity Filer Category | Large Accelerated Filer | |
| Document Type | 10-Q | |
| Document Period End Date | May 05, 2019 | |
| Document Fiscal Year Focus | 2019 | |
| Document Fiscal Period Focus | Q1 | |
| Amendment Flag | false | |
| Entity Common Stock, Shares Outstanding | 74,913,188 | |
| Entity Current Reporting Status | Yes | |
| Entity Small Business | false | |
| Entity Shell Company | false | |
| Entity Emerging Growth Company | false |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'. No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate if registrant meets the emerging growth company criteria. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate if company meets the shell company criteria: a company with no or nominal operations, and with no or nominal assets or assets consisting solely of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicates that the company is a smaller reporting company with both a public float and revenues of less than $75 million. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Income Statements - USD ($) $ in Millions |
3 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
May 05, 2019 |
May 06, 2018 |
||||||
| Total revenue | [1] | $ 2,356.3 | $ 2,314.6 | ||||
| Cost of goods sold (exclusive of depreciation and amortization) | 1,060.4 | 1,023.6 | |||||
| Gross profit | 1,295.9 | 1,291.0 | |||||
| Selling, general and administrative expenses | 1,161.5 | 1,053.0 | |||||
| Non-service related pension and postretirement income | (2.2) | (2.5) | |||||
| Debt modification and extinguishment costs | 5.2 | 0.0 | |||||
| Equity in net income of unconsolidated affiliates | 3.7 | 3.8 | |||||
| Income before interest and taxes | [2] | 135.1 | 244.3 | ||||
| Interest expense | 31.0 | 29.4 | |||||
| Interest income | 1.1 | 1.0 | |||||
| Income before taxes | 105.2 | 215.9 | |||||
| Income tax expense | 23.6 | 37.0 | |||||
| Net Income | 81.6 | 178.9 | |||||
| Less: Net loss attributable to redeemable non-controlling interest | (0.4) | (0.5) | |||||
| Net income attributable to PVH Corp. | $ 82.0 | $ 179.4 | |||||
| Basic net income per common share attributable to PVH Corp. | $ 1.09 | $ 2.33 | |||||
| Diluted net income per common share attributable to PVH Corp. | $ 1.08 | $ 2.29 | |||||
| Net sales | |||||||
| Total revenue | $ 2,237.3 | $ 2,193.5 | |||||
| Royalty revenue | |||||||
| Total revenue | 89.4 | 89.4 | |||||
| Advertising and other revenue | |||||||
| Total revenue | $ 29.6 | $ 31.7 | |||||
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- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (reversal of expense) for net periodic benefit cost components, excluding service cost component, of defined benefit plan. Amount includes, but is not limited to, interest cost, expected (return) loss on plan asset, amortization of prior service cost (credit), amortization of (gain) loss, amortization of transition (asset) obligation, settlement (gain) loss, curtailment (gain) loss and certain termination benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Consolidated Statements of Comprehensive Income - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Net income | $ 81.6 | $ 178.9 |
| Foreign currency translation adjustments | (111.6) | (172.2) |
| Net unrealized and realized gain related to effective cash flow hedges, net of tax | 13.4 | 50.1 |
| Net gain on net investment hedges, net of tax | 22.4 | 37.0 |
| Total other comprehensive loss | (75.8) | (85.1) |
| Comprehensive income | 5.8 | 93.8 |
| Less: Comprehensive loss attributable to redeemable non-controlling interest | (0.4) | (0.5) |
| Comprehensive income attributable to PVH Corp. | $ 6.2 | $ 94.3 |
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after income tax of income (loss) including the portion attributable to nonredeemable noncontrolling interest. Excludes the portion attributable to redeemable noncontrolling interest recognized as temporary equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after tax, of reclassification from accumulated other comprehensive income (AOCI) of gain (loss) from increase (decrease) in fair value of net investment hedge. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
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| Net unrealized and realized gain related to effective cash flow hedges, tax expense | $ 0.4 | $ 2.7 |
| Net gain on net investment hedges, tax expense | $ 7.2 | $ 12.0 |
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- Definition Amount of income tax expense (benefit) from transactions on foreign currency derivatives that are designated as, and are effective as, economic hedges of a net investment in a foreign entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of lessee's right to use underlying asset under operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated amortization of finite-lived and indefinite-lived intangible assets classified as other. No definition available.
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount due from parties in nontrade transactions, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by shareholders, which is net of related treasury stock. May be all or a portion of the number of preferred shares authorized. These shares represent the ownership interest of the preferred shareholders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition As of the reporting date, the carrying amount of noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. The noncontrolling interest holder's ownership (or holders' ownership) may be in the form of common shares (regardless of class), limited partnership units (regardless of class), non-preferential membership interests, or any other form of common equity regardless of investee entity legal form. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions |
May 05, 2019 |
Feb. 03, 2019 |
May 06, 2018 |
|---|---|---|---|
| Current Assets: | |||
| Allowance for doubtful accounts | $ 23.0 | $ 21.6 | $ 20.5 |
| Other Assets: | |||
| Other assets, deferred taxes | 27.6 | 40.5 | 16.1 |
| Liabilities: | |||
| Other liabilities, deferred taxes | $ 543.0 | $ 565.2 | $ 661.9 |
| Stockholders' Equity: | |||
| Preferred stock, par value (in dollars per share) | $ 100 | $ 100 | $ 100 |
| Preferred stock, shares authorized (in shares) | 150,000 | 150,000 | 150,000 |
| Common stock, par value (in dollars per share) | $ 1 | $ 1 | $ 1 |
| Common stock, shares authorized (in shares) | 240,000,000 | 240,000,000 | 240,000,000 |
| Common stock, shares issued (in shares) | 85,817,270 | 85,446,141 | 85,332,726 |
| Shares of common stock held in treasury, at cost (in shares) | 10,702,140 | 10,042,510 | 8,167,215 |
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- Definition Amount of allowance for credit loss on accounts receivable, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
| X | ||||||||||
- Definition The net change during the reporting period in the aggregate amount of obligations and expenses incurred but not paid; and the net change during the reporting period, excluding the portion taken into income, in the liability reflecting services yet to be performed by the reporting entity for which cash or other forms of consideration was received or recorded as a receivable. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. No definition available.
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow for principal payment on finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in receivables classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash outflow, not made soon after acquisition date of business combination, to settle contingent consideration liability exceeding amount recognized at acquisition date. Includes, but is not limited to, measurement period adjustment and less amount paid soon after acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Cash outflow in the form of ordinary dividends to common shareholders, preferred shareholders and noncontrolling interests, generally out of earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash inflow from issuance of shares under share-based payment arrangement. Includes, but is not limited to, option exercised. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from the issuance of long-term debt that is not secured by collateral. Excludes proceeds from tax exempt unsecured debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Consolidated Statements of Changes in Stockholders' Equity Statement $ in Millions, $ in Millions |
USD ($)
shares
|
Preferred Stock [Member]
USD ($)
|
Common Stock [Member]
USD ($)
shares
|
Additional Paid in Capital - Common Stock [Member]
USD ($)
|
Retained Earnings [Member]
USD ($)
|
Accumulated Other Comprehensive Loss [Member]
USD ($)
|
Treasury Stock [Member]
USD ($)
|
Redeemable Non-Controlling Interest [Member]
USD ($)
|
Total Stockholders' Equity
CAD ($)
|
Total Stockholders' Equity
USD ($)
|
|---|---|---|---|---|---|---|---|---|---|---|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
| Redeemable Non-Controlling Interest | $ 2.0 | |||||||||
| Balance at Feb. 04, 2018 | $ 0.0 | $ 84.9 | $ 2,941.2 | $ 3,625.2 | $ (321.5) | $ (793.4) | $ 5,536.4 | |||
| Balance (in shares) at Feb. 04, 2018 | shares | 84,851,079 | |||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
| Net income attributable to PVH Corp. | $ 179.4 | 179.4 | 179.4 | |||||||
| Foreign currency translation adjustments | (172.2) | (172.2) | (172.2) | |||||||
| Net gain on net investment hedges, net of tax | (37.0) | 37.0 | 37.0 | |||||||
| Net unrealized and realized gain related to effective cash flow hedges, net of tax | 50.1 | 50.1 | 50.1 | |||||||
| Comprehensive income attributable to PVH Corp. | 94.3 | 94.3 | ||||||||
| Cumulative effect adjustment related to adoption of new accounting guidance | Accounting Standards Update 2014-09 [Member] | (1.9) | (1.9) | ||||||||
| Cumulative effect adjustment related to adoption of new accounting guidance | Accounting Standards Update 2016-16 [Member] | (8.0) | $ (8.0) | ||||||||
| Settlement of awards under stock plans (in shares) | shares | 481,647 | |||||||||
| Settlement of awards under stock plans | $ 0.4 | 12.8 | 13.2 | |||||||
| Stock-based compensation expense | 11.6 | 11.6 | ||||||||
| Cash dividends ($0.075 per share) | (5.9) | (5.9) | ||||||||
| Acquisition of treasury shares during period | (75.1) | (75.1) | ||||||||
| Net loss attributable to redeemable non-controlling interest | (0.5) | |||||||||
| Balance at May. 06, 2018 | $ 5,564.6 | 0.0 | $ 85.3 | 2,965.6 | 3,788.8 | (406.6) | (868.5) | 5,564.6 | ||
| Balance (in shares) at May. 06, 2018 | shares | 85,332,726 | 85,332,726 | ||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
| Redeemable Non-Controlling Interest | $ 1.5 | 1.5 | ||||||||
| Redeemable Non-Controlling Interest | 0.2 | 0.2 | ||||||||
| Balance at Feb. 03, 2019 | $ 5,827.8 | 0.0 | $ 85.4 | 3,017.3 | 4,350.1 | (507.9) | (1,117.1) | 5,827.8 | ||
| Balance (in shares) at Feb. 03, 2019 | shares | 85,446,141 | 85,446,141 | ||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
| Net income attributable to PVH Corp. | $ 82.0 | 82.0 | 82.0 | |||||||
| Foreign currency translation adjustments | (111.6) | (111.6) | (111.6) | |||||||
| Net gain on net investment hedges, net of tax | (22.4) | 22.4 | 22.4 | |||||||
| Net unrealized and realized gain related to effective cash flow hedges, net of tax | 13.4 | 13.4 | 13.4 | |||||||
| Comprehensive income attributable to PVH Corp. | 6.2 | 6.2 | ||||||||
| Cumulative effect adjustment related to adoption of new accounting guidance | Accounting Standards Update 2016-02 [Member] | (3.1) | (3.1) | ||||||||
| Settlement of awards under stock plans (in shares) | shares | 371,129 | |||||||||
| Settlement of awards under stock plans | $ 0.4 | 1.5 | 1.9 | |||||||
| Stock-based compensation expense | 13.9 | 13.9 | ||||||||
| Cash dividends ($0.075 per share) | (5.7) | (5.7) | ||||||||
| Acquisition of treasury shares during period | (79.5) | (79.5) | ||||||||
| Net loss attributable to redeemable non-controlling interest | (0.4) | |||||||||
| Balance at May. 05, 2019 | $ 5,761.5 | $ 0.0 | $ 85.8 | $ 3,032.7 | $ 4,423.3 | $ (583.7) | $ (1,196.6) | $ 5,761.5 | ||
| Balance (in shares) at May. 05, 2019 | shares | 85,817,270 | 85,817,270 | ||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
| Redeemable Non-Controlling Interest | $ (0.2) | $ (0.2) |
| X | ||||||||||
- Definition Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements. No definition available.
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition As of the reporting date, the carrying amount of noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. The noncontrolling interest holder's ownership (or holders' ownership) may be in the form of common shares (regardless of class), limited partnership units (regardless of class), non-preferential membership interests, or any other form of common equity regardless of investee entity legal form. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number, after forfeiture, of shares or units issued under share-based payment arrangement. Excludes shares or units issued under employee stock ownership plan (ESOP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Value, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, after tax, of reclassification from accumulated other comprehensive income (AOCI) of gain (loss) from increase (decrease) in fair value of net investment hedge. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Consolidated Statements of Changes in Stockholders' Equity CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (parenthetical) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Statement of Stockholders' Equity [Abstract] | ||
| Net gain on net investment hedges, tax expense | $ 7.2 | $ 12.0 |
| Net unrealized and realized gain related to effective cash flow hedges, tax expense | $ 0.4 | $ 2.7 |
| Cash dividends paid per share | $ 0.075 | $ 0.075 |
| Acquisition of treasury shares, number of shares repurchased | 659,630 | 494,898 |
| X | ||||||||||
- Definition Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income tax expense (benefit) from transactions on foreign currency derivatives that are designated as, and are effective as, economic hedges of a net investment in a foreign entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
GENERAL |
3 Months Ended |
|---|---|
May 05, 2019 | |
| Notes to Financial Statements [Abstract] | |
| GENERAL | GENERAL PVH Corp. and its consolidated subsidiaries (collectively, the “Company”) constitute a global apparel company with a brand portfolio consisting of nationally and internationally recognized trademarks, including TOMMY HILFIGER, CALVIN KLEIN, Van Heusen, IZOD, ARROW, Warner’s, Olga, True&Co. and Geoffrey Beene, which are owned, and Speedo, which is licensed in perpetuity for North America and the Caribbean, as well as various other owned, licensed and private label brands. The Company designs and markets branded dress shirts, neckwear, sportswear, jeanswear, performance apparel, intimate apparel, underwear, swimwear, swim products, handbags, accessories, footwear and other related products and licenses its owned brands globally over a broad array of product categories and for use in numerous discrete jurisdictions. References to the aforementioned and other brand names are to registered and common law trademarks owned by the Company or licensed to the Company by third parties and are identified by italicizing the brand name. The consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated in consolidation. Investments in entities that the Company does not control but has the ability to exercise significant influence over are accounted for using the equity method of accounting. The Company’s Consolidated Income Statements include its proportionate share of the net income or loss of these entities. Please see Note 6, “Investments in Unconsolidated Affiliates,” for further discussion. The Company and Arvind Limited (“Arvind”) have a joint venture in Ethiopia, PVH Arvind Manufacturing Private Limited Company (“PVH Ethiopia”), in which the Company owns a 75% interest. PVH Ethiopia is consolidated and the minority shareholder’s proportionate share (25%) of the equity in this joint venture is accounted for as a redeemable non-controlling interest. Please see Note 5, “Redeemable Non-Controlling Interest,” for further discussion. The Company’s fiscal years are based on the 52-53 week periods ending on the Sunday closest to February 1 and are designated by the calendar year in which the fiscal year commences. References to a year are to the Company’s fiscal year, unless the context requires otherwise. The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States for interim financial information. Accordingly, they do not contain all disclosures required by accounting principles generally accepted in the United States for complete financial statements. Reference is made to the Company’s audited consolidated financial statements, including the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended February 3, 2019. The preparation of the interim financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ materially from these estimates. The results of operations for the thirteen weeks ended May 5, 2019 and May 6, 2018 are not necessarily indicative of those for a full fiscal year due, in part, to seasonal factors. The data contained in these consolidated financial statements are unaudited and are subject to year-end adjustments. However, in the opinion of management, all known adjustments (which were normal and recurring in nature) have been made to present fairly the consolidated operating results for the unaudited periods. |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
REVENUE (Notes) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 05, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| REVENUE | REVENUE The Company generates revenue primarily from sales of finished products under its owned and licensed trademarks through its wholesale and retail operations. The Company also generates royalty and advertising revenue from licensing the rights to its trademarks to third parties. Revenue is recognized upon the transfer of control of products or services to the Company’s customers in an amount that reflects the consideration to which it expects to be entitled in exchange for those products or services. Product Sales The Company generates revenue from the wholesale distribution of its products to traditional retailers (including for sale through their digital commerce sites), pure play digital commerce retailers, franchisees, licensees and distributors. Revenue is recognized upon transfer of control of goods to the customer, which generally occurs when title to goods is passed and risk of loss transfers to the customer. Depending on the contract terms, transfer of control is upon shipment of goods to or upon receipt of goods by the customer. Payment is typically due within 30 to 90 days. The amount of revenue recognized is net of returns, sales allowances and other discounts that the Company offers to its wholesale customers. The Company estimates returns based on an analysis of historical experience and specific customer arrangements and estimates sales allowances and other discounts based on seasonal negotiations, historical experience and an evaluation of current market conditions. The Company also generates revenue from the retail distribution of its products through its freestanding stores, shop-in-shop/concession locations and digital commerce sites. Revenue is recognized at the point of sale in the stores and shop-in-shop/concession locations and upon estimated time of delivery for sales through the Company’s digital commerce sites, at which point control of the products passes to the customer. The amount of revenue recognized is net of returns, which are estimated based on an analysis of historical experience. The Company excludes from revenue taxes collected from customers and remitted to government authorities related to sales of the Company’s products. Shipping and handling costs that are billed to customers are included in net sales. Customer Loyalty Programs The Company uses loyalty programs that offer customers of its retail businesses specified amounts off of future purchases for a specified period of time after certain levels of spending are achieved. Customers that are enrolled in the programs earn loyalty points for each purchase made. Loyalty points earned under the customer loyalty programs provide the customer a material right to acquire additional products and give rise to the Company having a separate performance obligation. For each transaction where a customer earns loyalty points, the Company allocates revenue between the products purchased and the loyalty points earned based on the relative standalone selling prices. Revenue allocated to loyalty points is recorded as deferred revenue until the loyalty points are redeemed or expire. Gift Cards The Company sells gift cards to customers in its retail stores. Gift card purchases by a customer are prepayments for products to be provided by the Company in the future and are therefore considered to be performance obligations of the Company. Upon the purchase of a gift card by a customer, the Company records deferred revenue for the cash value of the gift card. Deferred revenue is relieved and revenue is recognized when the gift card is redeemed by the customer. The portion of gift cards that the Company does not expect to be redeemed (referred to as “breakage”) is recognized 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, if the Company determines that it does not have a legal obligation to remit the value of such unredeemed gift cards to any jurisdiction. License Agreements The Company generates royalty and advertising revenue from licensing the rights to access its trademarks to third parties, including the Company’s joint ventures. The license agreements are generally exclusive to a territory or product category, have terms in excess of one year and, in most cases, include renewal options. In exchange for providing these rights, the license agreements require the licensees to pay the Company a royalty and, in certain agreements, an advertising fee. In both cases, the Company generally receives the greater of (i) a sales-based percentage fee and (ii) a contractual minimum fee for each annual performance period under the license agreement. In addition to the rights to access its trademarks, the Company provides ongoing support to its licensees over the term of the agreements. As such, the Company’s license agreements are licenses of symbolic intellectual property and, therefore, revenue is recognized over time. For license agreements where the sales-based percentage fee exceeds the contractual minimum fee, the Company recognizes revenues as the licensed products are sold as reported to the Company by its licensees. For license agreements where the sales-based percentage fee does not exceed the contractual minimum fee, the Company recognizes the contractual minimum fee as revenue ratably over the contractual period. Under the terms of the license agreements, payments are generally due quarterly from the licensees. The Company records deferred revenue when amounts are received or receivable from the licensee in advance of the recognition of revenue. As of May 5, 2019, the contractual minimum fees on the portion of all license agreements not yet satisfied totaled $1,210.3 million, of which the Company expects to recognize $208.1 million as revenue during the remainder of 2019, $234.6 million in 2020 and $767.6 million thereafter. Deferred Revenue Changes in deferred revenue related to customer loyalty programs, gift cards and license agreements for the thirteen weeks ended May 5, 2019 and May 6, 2018 were as follows:
(1) Represents the amount of revenue recognized during the period that was included in the deferred revenue balance at the beginning of the period, as adjusted in 2018 for the impact of adopting the new revenue standard, and does not contemplate revenue recognized from amounts deferred during the period. The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $2.1 million, $2.3 million and $4.6 million as of May 5, 2019, February 3, 2019 and May 6, 2018, respectively. Optional Exemptions The Company elected not to disclose the remaining performance obligations for contracts that have an original expected term of one year or less (e.g., backlog of customer orders) and expected sales-based percentage fees for the portion of all license agreements not yet satisfied. Please see Note 20, “Segment Data,” for information on the disaggregation of revenue by segment and distribution channel. |
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- Definition Revenue [Abstract] No definition available.
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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INVENTORIES |
3 Months Ended |
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May 05, 2019 | |
| Notes to Financial Statements [Abstract] | |
| INVENTORIES | INVENTORIES Inventories are comprised principally of finished goods and are stated at the lower of cost or net realizable value, except for certain retail inventories in North America that are stated at the lower of cost or market using the retail inventory method. Cost for substantially all wholesale inventories in North America and certain wholesale inventories in Asia is determined using the first-in, first-out method. Cost for all other inventories is determined using the weighted average cost method. The Company reviews current business trends, inventory aging and discontinued merchandise categories to determine adjustments that it estimates will be needed to liquidate existing clearance inventories and record inventories at either the lower of cost or net realizable value or the lower of cost or market using the retail inventory method, as applicable. |
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- References No definition available.
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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ACQUISITIONS |
3 Months Ended |
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May 05, 2019 | |
| Business Combinations [Abstract] | |
| ACQUISITIONS | ACQUISITIONS Acquisition of the Geoffrey Beene Tradename The Company acquired on April 20, 2018 the Geoffrey Beene tradename from Geoffrey Beene, LLC (“Geoffrey Beene”). Prior to the acquisition, the Company licensed the rights to design, market and distribute Geoffrey Beene dress shirts and neckwear from Geoffrey Beene. The tradename was acquired for $17.0 million, consisting of $15.9 million paid in cash, $0.7 million of royalties prepaid to Geoffrey Beene by the Company under the license agreement, and $0.4 million of liabilities assumed by the Company. The transaction was accounted for as an asset acquisition. |
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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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REDEEMABLE NON-CONTROLLING INTEREST |
3 Months Ended |
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May 05, 2019 | |
| Redeemable Non-Controlling Interest [Abstract] | |
| REDEEMABLE NON-CONTROLLING INTEREST | REDEEMABLE NON-CONTROLLING INTEREST The Company owns a 75% interest in the PVH Ethiopia joint venture between the Company and Arvind. The Company consolidates PVH Ethiopia in its consolidated financial statements. PVH Ethiopia was formed to operate a manufacturing facility that produces finished products for the Company for distribution primarily in the United States. The shareholders agreement governing PVH Ethiopia (the “Shareholders Agreement”) contains a put option under which Arvind can require the Company to purchase all of its shares in the joint venture during various future periods as specified in the Shareholders Agreement. The first such period immediately precedes the ninth anniversary of PVH Ethiopia’s date of incorporation. The Shareholders Agreement also contains call options under which the Company can require Arvind to sell to the Company (i) all or a portion of its shares during various future periods as specified in the Shareholders Agreement; (ii) all of its shares in the event of a change of control of Arvind; or (iii) all of its shares in the event that Arvind ceases to hold at least 10% of the outstanding shares. The Company’s first call option referred to in clause (i) immediately follows the fifth anniversary of the date of incorporation of PVH Ethiopia. The put and call prices are the fair market value of the shares on the redemption date based upon a multiple of PVH Ethiopia’s earnings before interest, taxes, depreciation and amortization for the prior 12 months, less PVH Ethiopia’s net debt. The fair value of the redeemable non-controlling interest (“RNCI”) as of the date of formation of PVH Ethiopia was $0.1 million. The carrying amount of the RNCI is adjusted to equal the redemption amount at the end of each reporting period, provided that this amount at the end of each reporting period cannot be lower than the initial fair value adjusted for the minority shareholder’s share of net income or loss. Any adjustment to the redemption amount of the RNCI is determined after attribution of net income or loss of the RNCI and will be recognized immediately in retained earnings of the Company, since it is probable that the RNCI will become redeemable in the future based on the passage of time. The carrying amount of the RNCI as of May 5, 2019 was $(0.2) million, which is greater than the redemption amount. The carrying amount decreased from $0.2 million as of February 3, 2019 as a result of a net loss attributable to the RNCI for the thirteen weeks ended May 5, 2019 of $0.4 million. The carrying amount of the RNCI as of May 6, 2018 was $1.5 million. |
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- Definition Redeemable Non-Controlling Interest [Abstract] No definition available.
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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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INVESTMENTS IN UNCONSOLIDATED AFFILIATES |
3 Months Ended |
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May 05, 2019 | |
| Equity Method Investments and Joint Ventures [Abstract] | |
| INVESTMENTS IN UNCONSOLIDATED AFFILIATES | INVESTMENTS IN UNCONSOLIDATED AFFILIATES The Company had investments in unconsolidated affiliates of $208.5 million, $207.1 million and $198.6 million as of May 5, 2019, February 3, 2019 and May 6, 2018, respectively. These investments are accounted for under the equity method of accounting and included in other assets in the Company’s Consolidated Balance Sheets. The Company received dividends of $3.6 million from these investments during the thirteen weeks ended May 6, 2018. |
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- References No definition available.
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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GOODWILL |
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| Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GOODWILL | GOODWILL The changes in the carrying amount of goodwill for the thirteen weeks ended May 5, 2019, by segment (please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:
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- References No definition available.
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- Definition The entire disclosure for goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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RETIREMENT AND BENEFIT PLANS |
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| RETIREMENT AND BENEFIT PLANS | RETIREMENT AND BENEFIT PLANS The Company, as of May 5, 2019, has five noncontributory qualified defined benefit pension plans 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 plans as its “Pension Plans.” The Company also has three noncontributory unfunded non-qualified supplemental defined benefit pension plans, including:
The Company refers to these three plans as its “SERP Plans.” The components of net benefit cost recognized were as follows:
The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. 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 the applicable plan, both of which are unfunded and frozen. The Company refers to these two plans as its “Postretirement Plans.” Net benefit cost related to the Postretirement Plans was immaterial for the thirteen weeks ended May 5, 2019 and May 6, 2018. The service cost component of net benefit cost is recorded in selling, general and administrative (“SG&A”) expenses and the other components of net benefit cost are recorded in non-service related pension and postretirement income in the Company’s Consolidated Income Statements. Currently, the Company does not expect to make material contributions to the Pension Plans in 2019. The Company’s actual contributions may differ from planned contributions due to many factors, including changes in tax and other laws, as well as significant differences between expected and actual pension asset performance or interest rates. |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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DEBT |
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEBT | DEBT Short-Term Borrowings The Company has the ability to draw revolving borrowings under its senior unsecured credit facilities, as discussed in the section entitled “2019 Senior Unsecured Credit Facilities” below. The Company had $284.4 million outstanding under these facilities as of May 5, 2019. The weighted average interest rate on funds borrowed as of May 5, 2019 was 3.85%. The maximum amount of revolving borrowings outstanding under these facilities during the thirteen weeks ended May 5, 2019 was $284.4 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 $97.8 million based on exchange rates in effect on May 5, 2019 and are utilized primarily to fund working capital needs. The Company had $15.3 million outstanding under these facilities as of May 5, 2019. The weighted average interest rate on funds borrowed as of May 5, 2019 was 0.20%. The maximum amount of borrowings outstanding under these facilities during the thirteen weeks ended May 5, 2019 was $17.9 million. Long-Term Debt The carrying amounts of the Company’s long-term debt were as follows:
(1) The outstanding principal balance for the United States dollar-denominated Term Loan A facility and the euro-denominated Term Loan A facility was $1,093.2 million and €500.0 million, respectively, as of May 5, 2019. (2) The carrying amount of the Company’s euro-denominated Term Loan A facility and senior unsecured euro notes includes the impact of changes in the exchange rate 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 5, 2019, February 3, 2019 and May 6, 2018. As of May 5, 2019, the Company’s mandatory long-term debt repayments for the remainder of 2019 through 2024 were as follows:
(1) A portion of the Company’s mandatory long-term debt repayments are denominated in euro and subject to changes in the exchange rate of the United States dollar against the euro. Total debt repayments for the remainder of 2019 through 2024 exceed the total carrying amount of the Company’s Term Loan A facilities, 7 3/4% debentures due 2023 and 3 5/8% euro senior notes due 2024 as of May 5, 2019 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discounts. As of May 5, 2019, after taking into account the effect of the Company’s interest rate swap agreements discussed in the section entitled “2019 Senior Unsecured Credit Facilities,” which were in effect as of such date, approximately 60% of the Company’s long-term debt had fixed interest rates, with the remainder at variable interest rates. 2016 Senior Secured Credit Facilities On May 19, 2016, the Company entered into an amendment to its senior secured credit facilities (as amended, the “2016 facilities”). The Company replaced the 2016 facilities with new senior unsecured credit facilities on April 29, 2019 as discussed in the section entitled “2019 Senior Unsecured Credit Facilities” below. The 2016 facilities, as of the date they were replaced, consisted 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 and Canadian dollars and (iii) a €185.9 million euro-denominated revolving credit facility available in euro, British pound sterling, Japanese yen and Swiss francs. 2019 Senior Unsecured Credit Facilities The Company refinanced the 2016 facilities on April 29, 2019 (the “Closing Date”) by entering into senior unsecured credit facilities (the “2019 facilities”), the proceeds of which, along with cash on hand, were used to repay all of the outstanding borrowings under the 2016 facilities, as well as the related debt issuance costs. The 2019 facilities consist of a $1,093.2 million United States dollar-denominated Term Loan A facility (the “USD TLA facility”), a €500.0 million euro-denominated Term Loan A facility (the “Euro TLA facility” and together with the USD TLA facility, the “TLA facilities”) and senior unsecured revolving credit facilities consisting of (i) a $675.0 million United States dollar-denominated revolving credit facility, (ii) a CAD $70.0 million Canadian dollar-denominated revolving credit facility available in United States dollars or Canadian dollars, (iii) a €200.0 million euro-denominated revolving credit facility available in euro, British pound sterling, Japanese yen, Swiss francs, Australian dollars and other agreed foreign currencies and (iv) a $50.0 million United States dollar-denominated revolving credit facility available in United States dollars or Hong Kong dollars. The 2019 facilities are due on April 29, 2024. In connection with the refinancing of the senior credit facilities, the Company incurred debt issuance costs of $10.4 million (of which $3.5 million was expensed as debt modification costs and $6.9 million is being amortized over the term of the debt agreement) and recorded debt extinguishment costs of $1.7 million to write-off previously capitalized debt issuance costs. Each of the senior unsecured revolving facilities, except for the $50.0 million United States dollar-denominated revolving credit facility available in United States dollars or Hong Kong dollars, also include amounts available for letters of credit. A portion of each of these revolving credit facilities are also available for the making of swingline loans. The issuance of such letters of credit and the making of any swingline loan reduces the amount available under the applicable revolving credit facility. So long as certain conditions are satisfied, the Company may add one or more senior unsecured term loan facilities or increase the commitments under the senior unsecured revolving credit facilities by an aggregate amount not to exceed $1,500.0 million. The lenders under the 2019 facilities are not required to provide commitments with respect to such additional facilities or increased commitments. The Company had loans outstanding of $1,644.0 million, net of debt issuance costs and based on applicable exchange rates, under the TLA facilities, $284.4 million of borrowings outstanding under the senior unsecured revolving credit facilities and $20.4 million of outstanding letters of credit under the senior unsecured revolving credit facilities as of May 5, 2019. The terms of the TLA facilities require the Company to make quarterly repayments of amounts outstanding under the 2019 facilities, commencing with the calendar quarter ending September 30, 2019. Such required repayment amounts equal 2.50% per annum of the principal amount outstanding on the Closing Date for the first eight calendar quarters following the Closing Date, 5.00% per annum of the principal amount outstanding on the Closing Date for the four calendar quarters thereafter and 7.50% per annum of the principal amount outstanding on the Closing Date for the remaining calendar quarters, in each case paid in equal installments and in each case subject to certain customary adjustments, with the balance due on the maturity date of the TLA facilities. The outstanding borrowings under the 2019 facilities are prepayable at any time without penalty (other than customary breakage costs). Any voluntary repayments made by the Company would reduce the future required repayment amounts. The Company made no repayments on its term loans under the 2019 facilities and 2016 facilities during the thirteen weeks ended May 5, 2019 and May 6, 2018, other than the repayment of the 2016 facilities in connection with the refinancing of the senior credit facilities. The United States dollar-denominated borrowings under the 2019 facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company's option, either (a) a base rate determined by reference to the greater of (i) the prime rate, (ii) the United States federal funds effective rate plus 1/2 of 1.00% and (iii) a one-month reserve adjusted Eurocurrency rate plus 1.00% or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the 2019 facilities. The Canadian dollar-denominated borrowings under the 2019 facilities bear interest at a rate equal to an applicable margin plus, as determined at the Company’s option, either (a) a Canadian prime rate determined by reference to the greater of (i) the rate of interest per annum that Royal Bank of Canada establishes as the reference rate of interest in order to determine interest rates for loans in Canadian dollars to its Canadian borrowers and (ii) the average of the rates per annum for Canadian dollar bankers' acceptances having a term of one month or (b) an adjusted Eurocurrency rate, calculated in a manner set forth in the 2019 facilities. The Hong Kong dollar-denominated borrowings under the 2019 facilities bear interest at a rate equal to an applicable margin plus an adjusted Eurocurrency rate, calculated in a manner set forth in the 2019 facilities. The borrowings under the 2019 facilities in currencies other than United States dollars, Canadian dollars or Hong Kong dollars bear interest at a rate equal to an applicable margin plus an adjusted Eurocurrency rate, calculated in a manner set forth in the 2019 facilities. The current applicable margin with respect to the TLA facilities and each revolving credit facility is 1.375% for adjusted Eurocurrency rate loans and 0.375% for base rate or Canadian prime rate loans. The applicable margin for borrowings under the TLA facilities and the revolving credit facilities is subject to adjustment (i) after the date of delivery of the compliance certificate and financial statements, with respect to each of the Company’s fiscal quarters, based upon the Company’s net leverage ratio or (ii) after the date of delivery of notice of a change in the Company’s public debt rating by Standard & Poor’s or Moody’s. The Company entered into interest rate swap agreements designed with the intended effect of converting notional amounts of its variable rate debt obligation to fixed rate debt. Under the terms of the agreements, for the outstanding notional amount, the Company’s exposure to fluctuations in the one-month London interbank offered rate (“LIBOR”) is eliminated and the Company pays a fixed rate plus the current applicable margin. The following interest rate swap agreements were entered into or in effect during the thirteen weeks ended May 5, 2019 and/or May 6, 2018:
The notional amounts of the outstanding interest rate swaps that commenced in February 2018 and February 2019 are adjusted according to pre-set schedules during the terms of the swap agreements such that, based on the Company’s projections for future debt repayments, the Company’s outstanding debt under the USD TLA facility is expected to always equal or exceed the combined notional amount of the then-outstanding interest rate swaps. The 2019 facilities contain customary events of default, including but not limited to nonpayment; material inaccuracy of representations and warranties; violations of covenants; certain bankruptcies and liquidations; cross-default to material indebtedness; certain material judgments; certain events related to the Employee Retirement Income Security Act of 1974, as amended; certain events related to certain of the guarantees by the Company; and a change in control (as defined in the 2019 facilities). The 2019 facilities require the Company to comply with customary affirmative, negative and financial covenants, including minimum interest coverage and maximum net leverage. A breach of any of these operating or financial covenants would result in a default under the 2019 facilities. If an event of default occurs and is continuing, the lenders could elect to declare all amounts then outstanding, together with accrued interest, to be immediately due and payable, which would result in acceleration of the Company’s other debt. 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%. The debentures are not redeemable at the Company’s option prior to maturity. 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 has outstanding €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 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. As of May 5, 2019, the Company was in compliance with all applicable financial and non-financial covenants under its financing arrangements. Please see 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 3, 2019 for further discussion of the Company’s debt. |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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INCOME TAXES |
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| Notes to Financial Statements [Abstract] | |
| INCOME TAXES | INCOME TAXES The effective income tax rates for the thirteen weeks ended May 5, 2019 and May 6, 2018 were 22.4% and 17.1%, respectively. The effective income tax rate for the thirteen weeks ended May 5, 2019 was higher than the United States statutory income tax rate due to the tax on foreign earnings in excess of a deemed return on tangible assets of foreign corporations (known as “GILTI”) imposed by the United States Tax Cuts and Jobs Act of 2017 (the “U.S. Tax Legislation”), offset by the benefit of overall lower tax rates in certain international jurisdictions where the Company files tax returns. The effective income tax rate for the thirteen weeks ended May 6, 2018 was lower than the United States statutory income tax rate, primarily 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. A substantial amount of the Company’s earnings comes from international operations, particularly in the Netherlands and Hong Kong, where income tax rates, coupled with special rates levied on income from certain of the Company’s jurisdictional activities, are lower than the United States statutory income tax rate. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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DERIVATIVE FINANCIAL INSTRUMENTS |
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| Notes to Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DERIVATIVE FINANCIAL INSTRUMENTS | DERIVATIVE FINANCIAL INSTRUMENTS Cash Flow Hedges The Company has exposure to changes in foreign currency exchange rates related to anticipated cash flows associated with certain international inventory purchases. The Company uses foreign currency forward exchange contracts to hedge against a portion of this exposure. The Company also has exposure to interest rate volatility related to its term loans under the 2019 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 2019 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”). No amounts were excluded from effectiveness testing. 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, 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 (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 net investment hedges, 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 net investment hedges were $1,144.1 million and $1,046.8 million, respectively, as of May 5, 2019, $1,098.3 million and $1,076.0 million, respectively, as of February 3, 2019 and $1,164.4 million and $1,121.2 million, respectively, as of May 6, 2018. 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. 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. The Company does not use derivative or non-derivative financial instruments for trading or speculative purposes. The cash flows from the Company’s hedges are presented in the same category in the Company’s Consolidated Statements of Cash Flows as the items being hedged. The following table summarizes the fair value and presentation of the Company’s derivative financial instruments in its Consolidated Balance Sheets:
The notional amount outstanding of foreign currency forward exchange contracts was $1,169.2 million at May 5, 2019. Such contracts expire principally between May 2019 and August 2020. The following tables summarize the effect of the Company’s hedges designated as cash flow and net investment hedging instruments:
A net gain in AOCL on foreign currency forward exchange contracts at May 5, 2019 of $45.0 million is estimated to be reclassified in the next 12 months in the Company’s Consolidated Income Statement to costs of goods sold as the underlying inventory hedged by such forward exchange contracts is sold. In addition, a net loss in AOCL for interest rate swap agreements at May 5, 2019 of $0.8 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:
The Company had no derivative financial instruments with credit risk-related contingent features underlying the related contracts as of May 5, 2019. |
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- References No definition available.
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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FAIR VALUE MEASUREMENTS |
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| FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS In accordance with accounting principles generally accepted in the United States, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three level hierarchy prioritizes the inputs used to measure fair value as follows: Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 – Observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data. Level 3 – Unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available. In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:
The fair value of the foreign currency forward exchange contracts is measured as the total amount of currency to be purchased, multiplied by the difference between (i) the forward rate as of the period end and (ii) the settlement rate specified in each contract. The fair value of the interest rate swap agreements is based on observable interest rate yield curves and represents the expected discounted cash flows underlying the financial instruments. There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements. The following table shows the fair value of the Company’s non-financial assets and liabilities that were required to be remeasured at fair value on a non-recurring basis (consisting of operating lease right-of-use assets and property, plant and equipment) during the thirteen weeks ended May 5, 2019, and the total impairments recorded as a result of the remeasurement process:
Operating lease right-of-use assets with a carrying amount of $93.8 million were written down to a fair value of $16.8 million during the thirteen weeks ended May 5, 2019 as a result of the closure during the first quarter of 2019 of the Company’s TOMMY HILFIGER flagship and anchor stores in the United States (the “TH U.S. store closures”) and the closure during the first quarter of 2019 of the Company’s CALVIN KLEIN flagship store on Madison Avenue in New York, New York in connection with the Calvin Klein restructuring (as defined in Note 17, “Exit Activity Costs”). Please see Note 17 for further discussion of the Calvin Klein restructuring costs. Fair value of the operating lease right-of-use assets was determined based on the discounted cash flows of estimated sublease income using market participant assumptions. Property, plant and equipment with a carrying amount of $6.7 million was written down to a fair value of zero during the thirteen weeks ended May 5, 2019 primarily in connection with the TH U.S. store closures and the closure of the Company’s CALVIN KLEIN 205 W39 NYC brand (formerly Calvin Klein Collection) in connection with the Calvin Klein restructuring. Please see Note 17, “Exit Activity Costs,” for further discussion of the Calvin Klein restructuring costs. Fair value of the Company’s property plant and equipment was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $83.7 million of impairment charges were included in SG&A expenses, of which $48.6 million was recorded in the Tommy Hilfiger North America segment, $32.2 million was recorded in the Calvin Klein North America segment and $2.9 million was recorded in the Calvin Klein International segment. 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:
The fair values of cash and cash equivalents and short-term borrowings approximate their carrying amounts due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement. The carrying amounts of long-term debt reflect the unamortized portions of debt issuance costs and the original issue discounts. |
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- References No definition available.
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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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STOCK-BASED COMPENSATION |
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| Share-based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STOCK-BASED COMPENSATION | 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 (“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 5, 2019, the Company has granted under the 2006 Plan (i) service-based 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 an RSU or PSU award reduces the number available by two shares. Net income for the thirteen weeks ended May 5, 2019 and May 6, 2018 included $13.9 million and $11.6 million, respectively, of pre-tax expense related to stock-based compensation, with related recognized income tax benefits of $1.9 million and $2.3 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 5, 2019 and May 6, 2018 were $7.8 million and $11.7 million, respectively. The tax benefits realized included discrete net excess tax benefits of $1.3 million and $4.5 million recognized in the Company’s provision for income taxes during the thirteen weeks ended May 5, 2019 and May 6, 2018, respectively. 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 5, 2019 and May 6, 2018 and the resulting weighted average grant date fair value per stock option:
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 5, 2019 was as follows:
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 5, 2019 was as follows:
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 2016, the three-year performance period ended during the first quarter of 2019 and holders of the awards earned an aggregate of 67,000 shares, which was between the threshold and target 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. The following summarizes the assumptions used to estimate the fair value of PSUs granted during the thirteen weeks ended May 5, 2019 and May 6, 2018 and the resulting weighted average grant date fair value per PSU:
For certain of the awards granted, the after-tax portion of the award is subject to a holding period of one year after the vesting date. For such awards, the grant date fair value was discounted 6.20% in 2019 and 7.09% in 2018 for the restriction of liquidity, which was calculated using the Chaffe model. PSU activity for the thirteen weeks ended May 5, 2019 was as follows:
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- Definition The entire disclosure for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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ACCUMULATED OTHER COMPREHENSIVE LOSS |
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| Accumulated Other Comprehensive Income [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accumulated Other Comprehensive Loss | ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended May 5, 2019 and May 6, 2018:
(1) Foreign currency translation adjustments included a net gain on net investment hedges of $22.4 million and $37.0 million during the thirteen weeks ended May 5, 2019 and May 6, 2018, respectively. (2) Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro. The following table presents reclassifications out of AOCL to earnings for the thirteen weeks ended May 5, 2019 and May 6, 2018:
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- Definition Accumulated Other Comprehensive Income [Abstract] No definition available.
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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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STOCKHOLDERS' EQUITY |
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| Stockholders' Equity Attributable to Parent [Abstract] | |
| STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY The Company’s Board of Directors authorized a $2,000.0 million stock repurchase program through June 3, 2023. 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, 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 5, 2019 and May 6, 2018, the Company purchased 0.5 million shares and 0.4 million shares, respectively, of its common stock under the program in open market transactions for $61.2 million and $53.7 million, respectively. As of May 5, 2019, the repurchased shares were held as treasury stock and $947.1 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 RSUs and PSUs to satisfy tax withholding requirements. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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LEASES (Notes) |
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| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases of Lessee Disclosure [Text Block] | LEASES The Company leases approximately 1,750 Company-operated freestanding retail store locations across more than 35 countries, generally with initial lease terms of 3 to 10 years. The Company also leases warehouses, distribution centers, showrooms, office space, and a factory in Ethiopia, generally with initial lease terms of 10 to 20 years, as well as certain equipment and other assets, generally with initial lease terms of 1 to 5 years. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of fixed lease payments over the expected lease term. The Company uses its incremental borrowing rates to determine the present value of fixed lease payments based on the information available at the lease commencement date, as the rate implicit in the lease is not readily determinable for the Company's leases. The Company's incremental borrowing rates are based on the term of the lease, the economic environment of the lease, and the effect of collateralization. Certain leases include one or more renewal options, generally for the same period as the initial term of the lease. The exercise of lease renewal options is generally at the Company’s sole discretion and as such, the Company typically determines that exercise of these renewal options is not reasonably certain. As a result, the Company does not include the renewal option period in the expected lease term and the associated lease payments are not included in the measurement of the right-of-use asset and lease liability. Certain leases also contain termination options with an associated penalty. Generally, the Company is reasonably certain not to exercise these options and as such, they are not included in the determination of the expected lease term. The Company recognizes operating lease expense on a straight-line basis over the lease term. Leases with an initial lease term of 12 months or less are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Leases generally provide for payments of nonlease components, such as common area maintenance, real estate taxes and other costs associated with the leased property. For lease agreements entered into or modified after February 3, 2019, the Company accounts for lease components and nonlease components together as a single lease component and, as such, includes fixed payments of nonlease components in the measurement of the right-of-use assets and lease liabilities. Variable lease payments, such as percentage rentals based on location sales, periodic adjustments for inflation, reimbursement of real estate taxes, any variable common area maintenance and any other variable costs associated with the leased property are expensed as incurred as variable lease costs and are not recorded on the balance sheet. The Company’s lease agreements do not contain any material residual value guarantees or material restrictions or covenants. The components of the net lease cost for the thirteen weeks ended May 5, 2019 were as follows:
Supplemental balance sheet information related to leases as of May 5, 2019 was as follows:
Supplemental cash flow information related to leases for the thirteen weeks ended May 5, 2019 was as follows:
The following summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s right-of-use assets and lease liabilities recorded on the balance sheet as of May 5, 2019:
At May 5, 2019, the maturities of the Company’s lease liabilities were as follows:
The Company’s future lease payment obligations related to leases that were entered into, but did not commence as of May 5, 2019, were immaterial. |
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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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EXIT ACTIVITY COSTS |
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| EXIT ACTIVITY COSTS [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EXIT ACTIVITY COSTS | EXIT ACTIVITY COSTS Calvin Klein Restructuring Costs The Company announced on January 10, 2019 a restructuring in connection with strategic changes for its Calvin Klein business (the “Calvin Klein restructuring”). The strategic changes include (i) the closure of the CALVIN KLEIN 205 W39 NYC brand (formerly Calvin Klein Collection), (ii) the closure of the flagship store on Madison Avenue in New York, New York, (iii) the restructuring of the Calvin Klein creative and design teams globally, and (iv) the consolidation of operations for the men’s Calvin Klein Sportswear and Calvin Klein Jeans businesses. In connection with the Calvin Klein restructuring, the Company recorded pre-tax costs during 2018 and the first quarter of 2019 and expects to incur total costs as follows:
(1) Includes the impact of the closure of the flagship store on Madison Avenue in New York, New York in the first quarter of 2019. Of the charges for severance, termination benefits and other employee costs, long-lived asset impairments and contract termination and other costs incurred during the thirteen weeks ended May 5, 2019, $50.1 million relate to SG&A expenses of the Calvin Klein North America segment and $18.5 million relate to SG&A expenses of the Calvin Klein International segment. Of the charges for inventory markdowns incurred during the thirteen weeks ended May 5, 2019, $0.8 million relate to cost of goods sold of the Calvin Klein North America segment and $0.9 million relate to cost of goods sold of the Calvin Klein International segment. Of the $111.0 million cumulative costs incurred to date in connection with the restructuring activities,$69.8 million related to the Calvin Klein North America segment and $41.2 million related to the Calvin Klein International segment. The Company expects to incur total costs of approximately $146 million through the end of 2019 in connection with the restructuring activities, of which approximately $87 million is estimated to relate to the Calvin Klein North America segment and approximately $59 million is estimated to relate to the Calvin Klein International segment. Please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments. Please see Note 12, “Fair Value Measurements,” for further discussion of the long-lived asset impairments recorded during the thirteen weeks ended May 5, 2019. The liabilities at May 5, 2019 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:
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- Definition EXIT ACTIVITY COSTS [Abstract] No definition available.
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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NET INCOME PER COMMON SHARE |
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NET INCOME PER COMMON SHARE | NET INCOME PER COMMON SHARE The Company computed its basic and diluted net income per common share as follows:
Potentially dilutive securities excluded from the calculation of diluted net income per common share as the effect would be anti-dilutive were as follows:
Shares underlying contingently issuable awards that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income per common share for that period. The Company had contingently issuable awards outstanding that did not meet the performance conditions as of May 5, 2019 and May 6, 2018 and, therefore, were excluded from the calculation of diluted net income per common share for the thirteen weeks ended May 5, 2019 and May 6, 2018. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.2 million and 0.1 million as of May 5, 2019 and May 6, 2018, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above. |
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- Definition The entire disclosure for earnings per share. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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NONCASH INVESTING AND FINANCING TRANSACTIONS |
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| Notes to Financial Statements [Abstract] | |
| NONCASH INVESTING AND FINANCING TRANSACTIONS | NONCASH INVESTING AND FINANCING TRANSACTIONS Omitted from purchases of property, plant and equipment in the Company’s Consolidated Statement of Cash Flows for the thirteen weeks ended May 6, 2018 were $1.2 million of assets acquired through finance leases. Please see Note 16, “Leases,” for supplemental noncash transactions information related to finance leases during the thirteen weeks ended May 5, 2019. Omitted from acquisition of treasury shares in the Company’s Consolidated Statements of Cash Flows for the thirteen weeks ended May 5, 2019 and May 6, 2018 were $2.0 million and $1.5 million, respectively, of shares repurchased under the stock repurchase program for which the trades occurred but remained unsettled as of the end of the respective period. Omitted from proceeds from 2019 facilities, net of related fees in the Company’s Consolidated Statement of Cash Flows for the thirteen weeks ended May 5, 2019 were $4.0 million of debt issuance costs incurred in connection with the refinancing of its senior credit facilities that were accrued as of May 5, 2019. The Company recorded a loss of $1.7 million during the thirteen weeks ended May 5, 2019 to write-off previously capitalized debt issuance costs in connection with the refinancing of its senior credit facilities. 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. |
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- Definition This text block relates to noncash investing and/orfinancing activities that occurred during the accounting period. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. No definition available.
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- References No definition available.
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SEGMENT DATA |
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| SEGMENT DATA | SEGMENT DATA The Company manages its operations through its operating divisions, which are presented as six reportable segments: (i) Tommy Hilfiger North America; (ii) Tommy Hilfiger International; (iii) Calvin Klein North America; (iv) Calvin Klein International; (v) Heritage Brands Wholesale; and (vi) Heritage Brands Retail. 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, warehouse clubs, and off-price and independent retailers, as well as digital commerce sites operated by the 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, China and Japan, primarily to department and specialty stores, and digital commerce sites operated by department store customers and pure play digital commerce retailers, as well as through distributors and franchisees; (ii) operating retail stores and concession locations 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. 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 warehouse clubs, department and specialty stores, and off-price and independent retailers, as well as digital commerce sites operated by 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, and digital commerce sites operated by department store customers and pure play digital commerce retailers, as well as through distributors and franchisees; (ii) operating retail stores, concession locations 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. 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, off-price and independent retailers, as well as digital commerce sites operated by select wholesale partners and pure play digital commerce retailers in North America of (i) men’s 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, ARROW and DKNY; (iii) men’s, women’s and children’s swimwear, pool and deck footwear, and swim-related products and accessories under the Speedo trademark; and (iv) women’s intimate apparel under the Warner’s, Olga, and True&Co. brands. Additionally, this segment derives revenue from Company operated digital commerce sites in the United States through SpeedoUSA.com, TrueAndCo.com, VanHeusen.com, IZOD.com and styleBureau.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. All of the Company’s Heritage Brands stores offer a broad selection of Van Heusen men’s and women’s apparel, along with various of the Company’s dress shirt and neckwear offerings, and IZOD and Warner’s products. The majority of these stores feature multiple brand names on the store signage, with the remaining stores operating under the Van Heusen name. The Company’s revenue by segment was as follows:
The Company’s revenue by distribution channel was as follows:
The Company’s income before interest and taxes by segment was as follows:
Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the Tommy Hilfiger North America segment and the Calvin Klein 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 Tommy Hilfiger North America segment and the Calvin Klein North America segment. |
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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GUARANTEES |
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| 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 2013 sale of substantially all of the assets of the Company’s Bass business 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 5, 2019 was $8.3 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 was immaterial as of May 5, 2019, February 3, 2019 and May 6, 2018. 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 5, 2019 was approximately $11.1 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 5, 2019, February 3, 2019 and May 6, 2018. The Company has guaranteed to a financial institution the repayment of a store security deposit in Japan paid to a landlord on behalf of the Company. The amount guaranteed as of May 5, 2019 was approximately $4.5 million, which is subject to exchange rate fluctuation. The Company has the right to seek recourse from the landlord for the full amount. The guarantee expires on March 28, 2022. The liability for this guarantee obligation was immaterial as of May 5, 2019 and February 3, 2019. The Company has guaranteed the payment of amounts on behalf of certain other parties, none of which are material individually or in the aggregate. |
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- Definition The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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RECENT ACCOUNTING GUIDANCE |
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| RECENT ACCOUNTING GUIDANCE | RECENT ACCOUNTING GUIDANCE Recently Adopted Accounting Guidance The Financial Accounting Standards Board (“FASB”) issued in February 2016 new guidance on leases. The new guidance, among other changes, requires 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 previous guidance. The lease liability is measured at the present value of the fixed lease payments over the lease term and the right-of-use asset is measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee’s initial direct costs. The guidance also requires additional quantitative and qualitative disclosures. The Company adopted the guidance in the first quarter of 2019 using the modified retrospective approach applied as of the period of adoption with a cumulative-effect adjustment to opening retained earnings and as such, prior periods have not been restated. Upon adoption, the Company (i) recognized operating lease right-of-use assets of $1.7 billion and lease liabilities of $1.9 billion, (ii) recorded a cumulative-effect adjustment to retained earnings of $3.1 million and (iii) recorded other reclassification adjustments within its Consolidated Balance Sheet related to, among other things, deferred rent. The effects of the adoption on the Company’s Consolidated Balance Sheet as of February 3, 2019 were as follows:
The Company also elected the package of practical expedients permitted under the transition guidance, which allows the Company not to reassess whether any existing contracts are or contain a lease, the lease classification for any existing leases, and the capitalization of initial direct costs for any existing leases, as of the adoption date. The Company’s accounting for finance leases (formerly called capital leases) remains substantially unchanged. The adoption of the guidance did not have a material impact on the Company’s results of operations or cash flows. Please see Note 16, “Leases,” for additional disclosures required by the guidance. 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 Company adopted this update in the first quarter of 2019 using a modified retrospective approach, except for the presentation and disclosure guidance, which is being applied on a prospective basis, as required. The adoption of this update did not have any impact on the Company’s consolidated financial statements. The FASB issued in August 2018 an update to accounting guidance related to implementation costs incurred in a cloud computing arrangement that is a service contract. The update aligns the requirements for capitalizing implementation costs incurred under such arrangements with the requirements for capitalizing costs incurred to develop or obtain internal-use software. Under previous accounting guidance, the Company generally expensed the implementation costs incurred in connection with a cloud computing arrangement that is a service contract. The Company early adopted this update in the first quarter of 2019 using a prospective approach. As a result of the adoption, the Company capitalized $1.9 million of costs incurred in the first quarter of 2019 to implement cloud computing arrangements, primarily related to digital and consumer data platforms. Such costs were included in prepaid expenses and other assets in the Company’s Consolidated Balance Sheet. The Company expects to incur additional costs to implement cloud computing arrangements during the remainder of 2019 and expects the implementation costs capitalized in its Consolidated Balance Sheet will increase accordingly. |
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- Definition The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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OTHER COMMENTS |
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May 05, 2019 | |
| 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 principal payments of $0.2 million and $0.1 million during the thirteen weeks ended May 5, 2019 and May 6, 2018, respectively. The outstanding balance, including accrued interest, was $13.4 million, $13.8 million and $13.7 million as of May 5, 2019, February 3, 2019, and May 6, 2018, respectively, and was included in other assets in the Company’s Consolidated Balance Sheets. The Company records warehousing and distribution expenses, which are subject to exchange rate fluctuations, as a component of SG&A expenses in its Consolidated Income Statements. Warehousing and distribution expenses incurred in the thirteen weeks ended May 5, 2019 and May 6, 2018 totaled $77.1 million and $70.0 million, respectively. |
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- Definition Other Comments [Abstract] No definition available.
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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. No definition available.
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SUBSEQUENT EVENTS |
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May 05, 2019 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS The Company acquired on May 31, 2019 the approximately 78% interest in Gazal that it did not already own. Prior to the acquisition closing, the Company, along with Gazal, jointly owned and managed PVH Brands Australia Pty. Limited (“PVH Australia”), which licenses and operates businesses under the TOMMY HILFIGER, CALVIN KLEIN and Van Heusen brands, along with other licensed and owned brands. PVH Australia came under the Company’s full control as a result of the acquisition. The aggregate net purchase price for the shares acquired is expected to be approximately A$124 million (approximately $86 million based on the exchange rate in effect on the date of the acquisition), after taking into account the pending divestiture to a third party of an office building and warehouse owned by Gazal. |
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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GENERAL (Policies) |
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May 05, 2019 | |
| General [Abstract] | |
| 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. The Company and Arvind Limited (“Arvind”) have 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. |
| 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. |
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- Definition General [Abstract] No definition available.
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- Definition Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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REVENUE Deferred Revenue (Tables) |
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| Deferred Revenue Disclosure [Text Block] | Changes in deferred revenue related to customer loyalty programs, gift cards and license agreements for the thirteen weeks ended May 5, 2019 and May 6, 2018 were as follows:
(1) Represents the amount of revenue recognized during the period that was included in the deferred revenue balance at the beginning of the period, as adjusted in 2018 for the impact of adopting the new revenue standard, and does not contemplate revenue recognized from amounts deferred during the period. The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $2.1 million, $2.3 million and $4.6 million as of May 5, 2019, February 3, 2019 and May 6, 2018, respectively. |
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- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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GOODWILL (Tables) |
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| Goodwill [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Goodwill [Table Text Block] | The changes in the carrying amount of goodwill for the thirteen weeks ended May 5, 2019, by segment (please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:
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- Definition Goodwill [Abstract] No definition available.
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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RETIREMENT AND BENEFIT PLANS (Tables) |
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| Schedule of Net Benefit Costs [Table Text Block] | The components of net benefit cost recognized were as follows:
The Company also provides certain postretirement health care and life insurance benefits to certain retirees resident in the United States. 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 the applicable plan, both of which are unfunded and frozen. The Company refers to these two plans as its “Postretirement Plans.” Net benefit cost related to the Postretirement Plans was immaterial for the thirteen weeks ended May 5, 2019 and May 6, 2018. |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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DEBT (Tables) |
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| Schedule of Interest Rate Swap Agreements [Table Text Block] | The Company entered into interest rate swap agreements designed with the intended effect of converting notional amounts of its variable rate debt obligation to fixed rate debt. Under the terms of the agreements, for the outstanding notional amount, the Company’s exposure to fluctuations in the one-month London interbank offered rate (“LIBOR”) is eliminated and the Company pays a fixed rate plus the current applicable margin. The following interest rate swap agreements were entered into or in effect during the thirteen weeks ended May 5, 2019 and/or May 6, 2018:
The notional amounts of the outstanding interest rate swaps that commenced in February 2018 and February 2019 are adjusted according to pre-set schedules during the terms of the swap agreements such that, based on the Company’s projections for future debt repayments, the Company’s outstanding debt under the USD TLA facility is expected to always equal or exceed the combined notional amount of the then-outstanding interest rate swaps. |
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| Schedule of Long-term Debt Instruments [Table Text Block] | The carrying amounts of the Company’s long-term debt were as follows:
(1) The outstanding principal balance for the United States dollar-denominated Term Loan A facility and the euro-denominated Term Loan A facility was $1,093.2 million and €500.0 million, respectively, as of May 5, 2019. (2) The carrying amount of the Company’s euro-denominated Term Loan A facility and senior unsecured euro notes includes the impact of changes in the exchange rate of the United States dollar against the euro. |
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| Schedule of Mandatory Long-Term Debt Repayments [Table] | As of May 5, 2019, the Company’s mandatory long-term debt repayments for the remainder of 2019 through 2024 were as follows:
(1) A portion of the Company’s mandatory long-term debt repayments are denominated in euro and subject to changes in the exchange rate of the United States dollar against the euro. Total debt repayments for the remainder of 2019 through 2024 exceed the total carrying amount of the Company’s Term Loan A facilities, 7 3/4% debentures due 2023 and 3 5/8% euro senior notes due 2024 as of May 5, 2019 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discount |
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- Definition [Line Items] for Schedule of Interest Rate Swap Agreements [Table] No definition available.
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- Definition [Table Text Block] for Schedule of Interest Rate Swap Agreements [Table] No definition available.
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) |
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| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The following table summarizes the fair value and presentation of the Company’s derivative financial instruments in its Consolidated Balance Sheets:
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| Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following tables summarize the effect of the Company’s hedges designated as cash flow and net investment hedging instruments:
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| Derivatives Not Designated as Hedging Instruments [Table Text Block] | The following table summarizes the effect of the Company’s undesignated contracts recognized in SG&A expenses in its Consolidated Income Statements:
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- Definition Derivative Financial Instruments [Abstract] No definition available.
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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FAIR VALUE MEASUREMENTS (Tables) |
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| Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:
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| Fair Value Measurements, Nonrecurring [Table Text Block] | The following table shows the fair value of the Company’s non-financial assets and liabilities that were required to be remeasured at fair value on a non-recurring basis (consisting of operating lease right-of-use assets and property, plant and equipment) during the thirteen weeks ended May 5, 2019, and the total impairments recorded as a result of the remeasurement process:
Operating lease right-of-use assets with a carrying amount of $93.8 million were written down to a fair value of $16.8 million during the thirteen weeks ended May 5, 2019 as a result of the closure during the first quarter of 2019 of the Company’s TOMMY HILFIGER flagship and anchor stores in the United States (the “TH U.S. store closures”) and the closure during the first quarter of 2019 of the Company’s CALVIN KLEIN flagship store on Madison Avenue in New York, New York in connection with the Calvin Klein restructuring (as defined in Note 17, “Exit Activity Costs”). Please see Note 17 for further discussion of the Calvin Klein restructuring costs. Fair value of the operating lease right-of-use assets was determined based on the discounted cash flows of estimated sublease income using market participant assumptions. Property, plant and equipment with a carrying amount of $6.7 million was written down to a fair value of zero during the thirteen weeks ended May 5, 2019 primarily in connection with the TH U.S. store closures and the closure of the Company’s CALVIN KLEIN 205 W39 NYC brand (formerly Calvin Klein Collection) in connection with the Calvin Klein restructuring. Please see Note 17, “Exit Activity Costs,” for further discussion of the Calvin Klein restructuring costs. Fair value of the Company’s property plant and equipment was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $83.7 million of impairment charges were included in SG&A expenses, of which $48.6 million was recorded in the Tommy Hilfiger North America segment, $32.2 million was recorded in the Calvin Klein North America segment and $2.9 million was recorded in the Calvin Klein International segment. |
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| Fair Value, by Balance Sheet Grouping [Table Text Block] | The carrying amounts and the fair values of the Company’s cash and cash equivalents, short-term borrowings and long-term debt were as follows:
The fair values of cash and cash equivalents and short-term borrowings approximate their carrying amounts due to the short-term nature of these instruments. The Company estimates the fair value of its long-term debt using quoted market prices as of the last business day of the applicable quarter. The Company classifies the measurement of its long-term debt as a Level 1 measurement. The carrying amounts of long-term debt reflect the unamortized portions of debt issuance costs and the original issue discounts. |
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- Definition Fair Value Measurements [Abstract] No definition available.
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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STOCK-BASED COMPENSATION (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Share-based Payment Arrangement [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 5, 2019 and May 6, 2018 and the resulting weighted average grant date fair value per stock option:
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. |
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| Share-based Payment Arrangement, Option, Activity [Table Text Block] | Stock option activity for the thirteen weeks ended May 5, 2019 was as follows:
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| Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSU activity for the thirteen weeks ended May 5, 2019 was as follows:
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| Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block] | The fair value of the awards granted was established for each grant on the grant date using the Monte Carlo simulation model. The following summarizes the assumptions used to estimate the fair value of PSUs granted during the thirteen weeks ended May 5, 2019 and May 6, 2018 and the resulting weighted average grant date fair value per PSU:
For certain of the awards granted, the after-tax portion of the award is subject to a holding period of one year after the vesting date. For such awards, the grant date fair value was discounted 6.20% in 2019 and 7.09% in 2018 for the restriction of liquidity, which was calculated using the Chaffe model. |
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| Schedule of Nonvested Performance-based Units Activity [Table Text Block] | PSU activity for the thirteen weeks ended May 5, 2019 was as follows:
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- Definition Table of Weighted Average Fair Value Assumptions Performance Awards using Monte Carlo Valuation Method [Table Text Block] No definition available.
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- References No definition available.
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) |
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| Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Accumulated Other Comprehensive Loss [Table Text Block] | The following tables present the changes in AOCL, net of related taxes, by component for the thirteen weeks ended May 5, 2019 and May 6, 2018:
(1) Foreign currency translation adjustments included a net gain on net investment hedges of $22.4 million and $37.0 million during the thirteen weeks ended May 5, 2019 and May 6, 2018, respectively. (2) Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro. |
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| Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Loss [Table Text Block] | The following table presents reclassifications out of AOCL to earnings for the thirteen weeks ended May 5, 2019 and May 6, 2018:
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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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LEASES (Tables) |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease, Cost [Table Text Block] | The components of the net lease cost for the thirteen weeks ended May 5, 2019 were as follows:
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| Schedule of Supplemental Balance Sheet Information Related to Leases [Table Text Block] | Supplemental balance sheet information related to leases as of May 5, 2019 was as follows:
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| Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block] | Supplemental cash flow information related to leases for the thirteen weeks ended May 5, 2019 was as follows:
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| Schedule of Weight Average Remaining Lease Term and Weighted Average Discount Rate [Table Text Block] | The following summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s right-of-use assets and lease liabilities recorded on the balance sheet as of May 5, 2019:
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| Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block] | At May 5, 2019, the maturities of the Company’s lease liabilities were as follows:
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating and finance lease liabilities. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating and finance lease liabilities recognized in statement of financial position. No definition available.
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- Definition Tabular disclosure of lessee's supplemental balance sheet information related to leases. No definition available.
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- Definition Tabular disclosure of lessee's supplemental cash flow information related to leases. No definition available.
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- Definition Schedule of Weight Average Remaining Lease Term and Weighted Average Discount Rate [Table Text Block] No definition available.
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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EXIT ACTIVITY COSTS (Tables) |
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| Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Costs [Table Text Block] | In connection with the Calvin Klein restructuring, the Company recorded pre-tax costs during 2018 and the first quarter of 2019 and expects to incur total costs as follows:
(1) Includes the impact of the closure of the flagship store on Madison Avenue in New York, New York in the first quarter of 2019. Of the charges for severance, termination benefits and other employee costs, long-lived asset impairments and contract termination and other costs incurred during the thirteen weeks ended May 5, 2019, $50.1 million relate to SG&A expenses of the Calvin Klein North America segment and $18.5 million relate to SG&A expenses of the Calvin Klein International segment. Of the charges for inventory markdowns incurred during the thirteen weeks ended May 5, 2019, $0.8 million relate to cost of goods sold of the Calvin Klein North America segment and $0.9 million relate to cost of goods sold of the Calvin Klein International segment. Of the $111.0 million cumulative costs incurred to date in connection with the restructuring activities,$69.8 million related to the Calvin Klein North America segment and $41.2 million related to the Calvin Klein International segment. The Company expects to incur total costs of approximately $146 million through the end of 2019 in connection with the restructuring activities, of which approximately $87 million is estimated to relate to the Calvin Klein North America segment and approximately $59 million is estimated to relate to the Calvin Klein International segment. Please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments. |
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| Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | The liabilities at May 5, 2019 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:
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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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NET INCOME PER COMMON SHARE (Tables) |
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| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The Company computed its basic and diluted net income per common share as follows:
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| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Potentially dilutive securities excluded from the calculation of diluted net income per common share as the effect would be anti-dilutive were as follows:
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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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SEGMENT DATA (Tables) |
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| Segment Reporting Information [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Segment Reporting Information, by Segment [Table Text Block] | The Company’s revenue by segment was as follows:
The Company’s revenue by distribution channel was as follows:
The Company’s income before interest and taxes by segment was as follows:
Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the Tommy Hilfiger North America segment and the Calvin Klein 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 Tommy Hilfiger North America segment and the Calvin Klein North America segment. |
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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RECENT ACCOUNTING GUIDANCE (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Recent Accounting Guidance [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Impact of New Accounting Pronouncements | The Financial Accounting Standards Board (“FASB”) issued in February 2016 new guidance on leases. The new guidance, among other changes, requires 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 previous guidance. The lease liability is measured at the present value of the fixed lease payments over the lease term and the right-of-use asset is measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee’s initial direct costs. The guidance also requires additional quantitative and qualitative disclosures. The Company adopted the guidance in the first quarter of 2019 using the modified retrospective approach applied as of the period of adoption with a cumulative-effect adjustment to opening retained earnings and as such, prior periods have not been restated. Upon adoption, the Company (i) recognized operating lease right-of-use assets of $1.7 billion and lease liabilities of $1.9 billion, (ii) recorded a cumulative-effect adjustment to retained earnings of $3.1 million and (iii) recorded other reclassification adjustments within its Consolidated Balance Sheet related to, among other things, deferred rent. The effects of the adoption on the Company’s Consolidated Balance Sheet as of February 3, 2019 were as follows:
The Company also elected the package of practical expedients permitted under the transition guidance, which allows the Company not to reassess whether any existing contracts are or contain a lease, the lease classification for any existing leases, and the capitalization of initial direct costs for any existing leases, as of the adoption date. The Company’s accounting for finance leases (formerly called capital leases) remains substantially unchanged. The adoption of the guidance did not have a material impact on the Company’s results of operations or cash flows. |
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- Definition Recent Accounting Guidance [Abstract] No definition available.
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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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GENERAL (Details) |
3 Months Ended |
|---|---|
May 05, 2019 | |
| Fiscal Period [Line Items] | |
| Fiscal Year Minimum Week Period | 1 year |
| Fiscal Year Maximum Weeks Period | 1 year 7 days |
| X | ||||||||||
- Definition Fiscal Period [Line Items] No definition available.
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- Definition Maximum weeks comprising the Company's fiscal year ending on the Sunday closest to February 1. No definition available.
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- Definition Minimum weeks comprising the Company's fiscal year ending on the Sunday closest to February 1. No definition available.
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GENERAL Redeemable Non-Controlling Interest (Details) - Ethiopia Joint Venture [Member] |
May 05, 2019 |
|---|---|
| Non-controlling Interest [Line Items] | |
| Non-controlling Interest, Ownership Percentage by Parent | 75.00% |
| Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 25.00% |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
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- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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REVENUE Deferred Revenue (Details) - USD ($) $ in Millions |
3 Months Ended | ||||
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May 05, 2019 |
May 06, 2018 |
Feb. 03, 2019 |
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| Deferred Revenue [Line Items] | |||||
| Payment terms, due from customer | Payment is typically due within 30 to 90 days. | ||||
| Long-term deferred revenue liabilities (included in Other Liabilities) | $ 2.1 | $ 4.6 | $ 2.3 | ||
| Movement in Deferred Revenue [Roll Forward] | |||||
| Deferred revenue, beginning balance | 65.3 | 39.2 | |||
| Impact of adopting the new revenue standard | 15.6 | ||||
| Net additions to deferred revenue during the period | 42.0 | 32.5 | |||
| Reductions in deferred revenue for revenue recognized during the period | [1] | (51.4) | (39.5) | ||
| Deferred revenue, ending balance | $ 55.9 | $ 47.8 | |||
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- Definition Impact of adopting new revenue standard on deferred revenue balance resulting from the adoption of ASU 2014-09 (revenue recognition). No definition available.
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- Definition Amount of revenue recognized that was previously included in balance of obligation to transfer good or service to customer for which consideration from customer has been received or is due. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred revenue recognized for transactions arising during the current reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an Entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. No definition available.
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- Definition Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Description of payment terms in contract with customer. Includes, but is not limited to, timing of payment, existence of financing component, variability of consideration and constraint on variable consideration. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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REVENUE Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Details) $ in Millions |
May 05, 2019
USD ($)
|
|---|---|
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-05-05 | |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
| Revenue, Remaining Performance Obligation, Amount | $ 1,210.3 |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-05-06 | |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
| Revenue, Remaining Performance Obligation, Amount | $ 208.1 |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 9 months |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-02-03 | |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
| Revenue, Remaining Performance Obligation, Amount | $ 234.6 |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-02-01 | |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
| Revenue, Remaining Performance Obligation, Amount | $ 767.6 |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period |
| X | ||||||||||
- Definition Amount of transaction price allocated to performance obligation that has not been recognized as revenue. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Period in which remaining performance obligation is expected to be recognized as revenue, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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ACQUISITIONS (Details) - Geoffrey Beene Acquisition [Member] $ in Millions |
Apr. 20, 2018
USD ($)
|
|---|---|
| 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 |
| X | ||||||||||
- Definition Amount of prepaid royalties assumed in acquiring a business or in consideration for an asset received in a noncash or part noncash acquisition. No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition Amount of increase in assets, excluding financial assets and goodwill, lacking physical substance with an indefinite life, from an acquisition. No definition available.
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| X | ||||||||||
- Definition Amount of liabilities, classified as other, assumed in acquiring a business or in consideration for an asset received in a noncash or part noncash acquisition. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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REDEEMABLE NON-CONTROLLING INTEREST (Details) - USD ($) $ in Millions |
3 Months Ended | |||
|---|---|---|---|---|
May 05, 2019 |
May 06, 2018 |
Feb. 03, 2019 |
Jun. 29, 2016 |
|
| Non-controlling Interest [Line Items] | ||||
| Redeemable Non-Controlling Interest | $ (0.2) | $ 1.5 | $ 0.2 | |
| Net loss attributable to redeemable non-controlling interest | $ (0.4) | (0.5) | ||
| Ethiopia Joint Venture [Member] | ||||
| Non-controlling Interest [Line Items] | ||||
| Non-controlling Interest, Ownership Percentage by Parent | 75.00% | |||
| Redeemable Non-controlling Interest, Equity, Fair Value | $ 0.1 | |||
| Redeemable Non-Controlling Interest | $ (0.2) | $ 1.5 | $ 0.2 | |
| Net loss attributable to redeemable non-controlling interest | $ 0.4 | |||
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition As of the reporting date, the carrying amount of noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. The noncontrolling interest holder's ownership (or holders' ownership) may be in the form of common shares (regardless of class), limited partnership units (regardless of class), non-preferential membership interests, or any other form of common equity regardless of investee entity legal form. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate fair value as of the reporting date of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Details
|
INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions |
3 Months Ended | ||
|---|---|---|---|
May 06, 2018 |
May 05, 2019 |
Feb. 03, 2019 |
|
| Schedule of Equity Method Investments [Line Items] | |||
| Dividends received from unconsolidated affiliates | $ 3.6 | ||
| Investments in Unconsolidated Affiliates | $ 198.6 | $ 208.5 | $ 207.1 |
| X | ||||||||||
- Definition Amount of distribution received from equity method investee for return on investment, classified as operating activities. Excludes distribution for return of investment, classified as investing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
GOODWILL (Details) $ in Millions |
3 Months Ended |
|---|---|
|
May 05, 2019
USD ($)
| |
| Goodwill [Roll Forward] | |
| Goodwill, gross, beginning of period | $ 3,682.4 |
| Accumulated impairment losses, beginning of period | (11.9) |
| Goodwill, net, beginning of period | 3,670.5 |
| Currency translation | (44.8) |
| Goodwill, gross, end of period | 3,637.6 |
| Accumulated impairment losses, end of period | (11.9) |
| Goodwill, net, end of period | 3,625.7 |
| Calvin Klein North America [Member] | |
| Goodwill [Roll Forward] | |
| Goodwill, gross, beginning of period | 780.3 |
| Accumulated impairment losses, beginning of period | 0.0 |
| Goodwill, net, beginning of period | 780.3 |
| Currency translation | (0.2) |
| Goodwill, gross, end of period | 780.1 |
| Accumulated impairment losses, end of period | 0.0 |
| Goodwill, net, end of period | 780.1 |
| Calvin Klein International [Member] | |
| Goodwill [Roll Forward] | |
| Goodwill, gross, beginning of period | 909.5 |
| Accumulated impairment losses, beginning of period | 0.0 |
| Goodwill, net, beginning of period | 909.5 |
| Currency translation | (12.3) |
| Goodwill, gross, end of period | 897.2 |
| Accumulated impairment losses, end of period | 0.0 |
| Goodwill, net, end of period | 897.2 |
| 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 |
| Currency translation | 0.0 |
| Goodwill, gross, end of period | 204.4 |
| Accumulated impairment losses, end of period | 0.0 |
| Goodwill, net, end of period | 204.4 |
| Tommy Hilfiger International [Member] | |
| Goodwill [Roll Forward] | |
| Goodwill, gross, beginning of period | 1,529.8 |
| Accumulated impairment losses, beginning of period | 0.0 |
| Goodwill, net, beginning of period | 1,529.8 |
| Currency translation | (32.3) |
| Goodwill, gross, end of period | 1,497.5 |
| Accumulated impairment losses, end of period | 0.0 |
| Goodwill, net, end of period | 1,497.5 |
| 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 |
| Currency translation | 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 |
| Currency translation | 0.0 |
| Goodwill, gross, end of period | 11.9 |
| Accumulated impairment losses, end of period | (11.9) |
| Goodwill, net, end of period | $ 0.0 |
| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of accumulated impairment loss for an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
RETIREMENT AND BENEFIT PLANS (Details) $ in Millions |
3 Months Ended | |
|---|---|---|
|
May 05, 2019
USD ($)
|
May 06, 2018
USD ($)
|
|
| Pension Plans, Defined Benefit [Member] | ||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
| Number of Noncontributory Defined Benefit Pension Plans | 5 | |
| Non-Contributory Defined Benefit Pension Plans, Vesting Period | 5 years | |
| Service cost | $ 8.2 | $ 8.3 |
| Interest cost | 6.9 | 6.5 |
| Expected return on plan assets | (10.1) | (10.0) |
| Total | $ 5.0 | 4.8 |
| 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 | $ 1.5 | 1.3 |
| Interest cost | 1.0 | 1.0 |
| Expected return on plan assets | 0.0 | 0.0 |
| Total | $ 2.5 | $ 2.3 |
| 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 | |
| X | ||||||||||
- Definition The minimum age (years) prior to termination for associates for whom benefits were not eliminated. No definition available.
|
| X | ||||||||||
- Definition The minimum number of years of employment prior to termination for associates for whom benefits were not eliminated. No definition available.
|
| X | ||||||||||
- Definition The number of noncontributory defined benefit pension plans for the entity. No definition available.
|
| X | ||||||||||
- Definition The minimum age that CAP plan participants will start receiving predetermined amounts under the plan, provided that prior to termination they have been participants in the plan for 10 years and have attained age 55. No definition available.
|
| X | ||||||||||
- Definition The number of years over which the CAP benefits are payable to the participating plan beneficiaries, who have met all other conditions. No definition available.
|
| X | ||||||||||
- Definition Represents the minimum vesting period for the pension plans. No definition available.
|
| X | ||||||||||
- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
DEBT Short-Term Lines of Credit, Overdraft Facilities, Senior Secured Credit Facilities and Short-Term Revolving Credit Facilities (Details) $ in Millions |
3 Months Ended |
|---|---|
|
May 05, 2019
USD ($)
| |
| 2019 Facilities [Member] | |
| Line of Credit Facility [Line Items] | |
| Line of credit facility, amount outstanding | $ 284.4 |
| Short-term debt, weighted average interest rate | 3.85% |
| Maximum amount of borrowings outstanding during the period | $ 284.4 |
| Lines of Credit, Foreign Facilities [Member] | |
| Line of Credit Facility [Line Items] | |
| Line of credit facility, maximum borrowing capacity | 97.8 |
| Line of credit facility, amount outstanding | $ 15.3 |
| Short-term debt, weighted average interest rate | 0.20% |
| Maximum amount of borrowings outstanding during the period | $ 17.9 |
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Maximum amount borrowed under the credit facility at any time during the period. No definition available.
|
| X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average interest rate of short-term debt outstanding calculated at point in time. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
DEBT Schedule of Mandatory Long-Term Debt Repayments (Details) $ in Millions |
May 05, 2019
USD ($)
|
[1] | ||
|---|---|---|---|---|
| Debt Instrument [Line Items] | ||||
| Mandatory Long-Term Debt Repayment Remainder of 2019 | $ 20.6 | |||
| Mandatory Long-Term Debt Repayment 2020 | 41.3 | |||
| Mandatory Long-Term Debt Repayment 2021 | 61.9 | |||
| Mandatory Long-Term Debt Repayment 2022 | 103.2 | |||
| Mandatory Long-Term Debt Repayment 2023 | 223.8 | |||
| Mandatory Long-Term Debt Repayment 2024 | $ 1,690.6 | |||
| ||||
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
DEBT Schedule of Long Term Debt Instruments (Details) € in Millions, $ in Millions, $ in Millions |
3 Months Ended | 12 Months Ended | 21 Months Ended | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Apr. 29, 2019
USD ($)
|
May 05, 2019
USD ($)
|
May 06, 2018
USD ($)
|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2021 |
May 05, 2019
EUR (€)
|
May 05, 2019
USD ($)
|
Apr. 29, 2019
EUR (€)
|
Apr. 29, 2019
CAD ($)
|
Apr. 29, 2019
USD ($)
|
Feb. 03, 2019
USD ($)
|
May 19, 2016
EUR (€)
|
May 19, 2016
USD ($)
|
|||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Percentage of long-term debt at fixed interest rates | 60.00% | 60.00% | ||||||||||||||||||
| Long-term debt (including portion classified as current), carrying amount | $ 3,013.2 | $ 2,790.4 | $ 2,819.4 | |||||||||||||||||
| Long-term Debt, Current Maturities | 0.0 | 31.0 | 0.0 | |||||||||||||||||
| Long-term Debt, Excluding Current Maturities | 3,013.2 | $ 2,759.4 | 2,819.4 | |||||||||||||||||
| Repayment of senior secured credit facilities | $ 1,649.3 | 0.0 | ||||||||||||||||||
| Write off of deferred debt issuance costs | 1.7 | |||||||||||||||||||
| Debt modification and extinguishment costs | $ 5.2 | 0.0 | ||||||||||||||||||
| Senior debenture due 2023 [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Debt Instrument, Interest Rate, Stated Percentage | 7.75% | 7.75% | ||||||||||||||||||
| Senior Notes | 99.6 | $ 99.6 | 99.6 | |||||||||||||||||
| Long-term Debt, Gross | $ 100.0 | |||||||||||||||||||
| Senior notes due 2024 [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Debt Instrument, Interest Rate, Stated Percentage | 3.625% | 3.625% | ||||||||||||||||||
| Senior Notes | [1] | 413.0 | $ 385.8 | 396.5 | ||||||||||||||||
| Debt instrument, face amount | € | € 350.0 | |||||||||||||||||||
| Senior notes due 2027 [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Debt Instrument, Interest Rate, Stated Percentage | 3.125% | 3.125% | ||||||||||||||||||
| Senior Notes | [1] | 708.2 | $ 661.0 | 679.5 | ||||||||||||||||
| Debt instrument, face amount | € | € 600.0 | |||||||||||||||||||
| United States of America, Dollars | United States Federal Fund Rate [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 0.50% | |||||||||||||||||||
| United States of America, Dollars | One Month Adjusted Eurocurrency Rate Loan [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 1.00% | |||||||||||||||||||
| 2019 Facilities [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, amount outstanding | 284.4 | |||||||||||||||||||
| Letters of credit outstanding, amount | 20.4 | |||||||||||||||||||
| 2019 Facilities USD Term Loan A [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Unsecured Debt | $ 1,093.2 | |||||||||||||||||||
| Long-term Debt, Gross | 1,093.2 | |||||||||||||||||||
| 2019 Facilities Euro Term Loan A [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Unsecured Debt | € | € 500.0 | |||||||||||||||||||
| Long-term Debt, Gross | € | € 500.0 | |||||||||||||||||||
| 2019 Facilities [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Maximum Amount of Commitment Increase | 1,500.0 | |||||||||||||||||||
| Write off of deferred debt issuance costs | $ 1.7 | |||||||||||||||||||
| Payments of Debt Issuance Costs | 10.4 | |||||||||||||||||||
| Debt modification and extinguishment costs | $ 3.5 | |||||||||||||||||||
| Deferred Debt Issuance Costs | 6.9 | |||||||||||||||||||
| 2019 Facilities [Member] | United States of America, Dollars | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, maximum borrowing capacity | 675.0 | |||||||||||||||||||
| 2019 Facilities [Member] | United States Dollars or Canadian Dollars [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, maximum borrowing capacity | $ 70.0 | |||||||||||||||||||
| 2019 Facilities [Member] | Euro, British Pound, Japanese Yen, Swiss Francs, Australian dollars and other foreign currencies [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, maximum borrowing capacity | € | € 200.0 | |||||||||||||||||||
| 2019 Facilities [Member] | United States Dollars and Hong Kong Dollars [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, maximum borrowing capacity | $ 50.0 | |||||||||||||||||||
| 2019 Facilities Term Loan A [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Unsecured Debt | 0.0 | 1,644.0 | [1],[2] | 0.0 | ||||||||||||||||
| Term Loan A Repayment Percentage Quarters Following Refinance | 7.50% | 5.00% | 2.50% | |||||||||||||||||
| 2019 Facilities Term Loan A [Member] | One Month Adjusted Eurocurrency Rate Loan [Member] | United States Dollars or Euros [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 1.375% | |||||||||||||||||||
| 2019 Facilities Term Loan A [Member] | Base Rate [Member] | United States Dollars or Euros [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 0.375% | |||||||||||||||||||
| 2016 Facilities Term Loan A [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Unsecured Debt | $ 1,792.4 | $ 0.0 | $ 1,643.8 | $ 2,347.4 | ||||||||||||||||
| 2016 Senior Secured Credit Facilities [Member] | United States of America, Dollars | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, maximum borrowing capacity | 475.0 | |||||||||||||||||||
| 2016 Senior Secured Credit Facilities [Member] | United States Dollars or Canadian Dollars [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, maximum borrowing capacity | $ 25.0 | |||||||||||||||||||
| 2016 Senior Secured Credit Facilities [Member] | Euro, British Pound, Japanese Yen and Swiss Francs [Member] | ||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Line of credit facility, maximum borrowing capacity | € | € 185.9 | |||||||||||||||||||
| ||||||||||||||||||||
| X | ||||||||||
- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
| X | ||||||||||
- Definition Maximum Amount of Commitment Increase No definition available.
|
| X | ||||||||||
- Definition Term Loan A Repayment Percentage Quarters Following Refinance No definition available.
|
| X | ||||||||||
- Definition Represents the percentage of total debt bearing fixed interest rates. No definition available.
|
| X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
| X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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DEBT Interest Rate Swap Agreements (Details) - USD ($) $ in Millions |
Feb. 18, 2020 |
May 05, 2019 |
Feb. 19, 2019 |
Aug. 06, 2018 |
Feb. 20, 2018 |
Feb. 17, 2016 |
|---|---|---|---|---|---|---|
| 2020 Interest Rate Swap - January 2019 Designation - February 2021 Expiration | ||||||
| Schedule of Interest Rate Swap Agreements [Line Items] | ||||||
| Derivative, Notional Amount | $ 50.0 | $ 0.0 | ||||
| Derivative, Fixed Interest Rate | 2.4187% | |||||
| 2019 Interest Rate Swap - November 2018 Designation - February 2021 Expiration | ||||||
| Schedule of Interest Rate Swap Agreements [Line Items] | ||||||
| Derivative, Notional Amount | $ 139.2 | $ 139.2 | ||||
| Derivative, Fixed Interest Rate | 2.8645% | |||||
| 2019 Interest Rate Swap - October 2018 Designation - February 2021 Expiration | ||||||
| Schedule of Interest Rate Swap Agreements [Line Items] | ||||||
| Derivative, Notional Amount | $ 115.7 | $ 115.7 | ||||
| Derivative, Fixed Interest Rate | 2.9975% | |||||
| 2018 Interest Rate Swap - June 2018 Designation - February 2021 Expiration | ||||||
| Schedule of Interest Rate Swap Agreements [Line Items] | ||||||
| Derivative, Notional Amount | $ 50.0 | $ 50.0 | ||||
| Derivative, Fixed Interest Rate | 2.6825% | |||||
| 2018 Interest Rate Swap - June 2017 Designation - February 2020 Expiration | ||||||
| Schedule of Interest Rate Swap Agreements [Line Items] | ||||||
| Derivative, Notional Amount | $ 181.5 | $ 306.5 | ||||
| Derivative, Fixed Interest Rate | 1.566% | |||||
| 2016 Interest Rate Swap - July 2014 Designation - February 2018 Expiration | ||||||
| Schedule of Interest Rate Swap Agreements [Line Items] | ||||||
| Derivative, Notional Amount | $ 0.0 | $ 682.6 | ||||
| Derivative, Fixed Interest Rate | 1.924% |
| X | ||||||||||
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition [Line Items] for Schedule of Interest Rate Swap Agreements [Table] No definition available.
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- Definition Fixed interest rate related to the interest rate derivative. No definition available.
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INCOME TAXES (Details) |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Income Taxes [Line Items] | ||
| Effective income tax rate | 22.40% | 17.10% |
| International Tax Jurisdictions | 40 | |
| X | ||||||||||
- Definition [Line Items] for Income Taxes [Table] No definition available.
|
| X | ||||||||||
- Definition International Tax Jurisdictions No definition available.
|
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- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
DERIVATIVE FINANCIAL INSTRUMENTS (Details) € in Millions, $ in Millions |
3 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
May 05, 2019
USD ($)
|
May 06, 2018
USD ($)
|
May 05, 2019
EUR (€)
|
May 05, 2019
USD ($)
|
Feb. 03, 2019
USD ($)
|
||||
| Derivative [Line Items] | ||||||||
| Cost of goods sold | $ 1,060.4 | $ 1,023.6 | ||||||
| Interest expense | $ 31.0 | 29.4 | ||||||
| Other Current Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 10.5 | $ 37.2 | $ 25.5 | |||||
| Other Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 2.7 | 1.5 | 0.7 | |||||
| Accrued Expenses [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 16.4 | 3.9 | 6.7 | |||||
| Other Liabilities [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 0.2 | 1.9 | 2.3 | |||||
| Foreign Exchange Forward Inventory Purchases [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative, Notional Amount | 1,169.2 | |||||||
| Net Investment Hedging [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Long-term Debt, Fair Value | 1,164.4 | 1,144.1 | 1,098.3 | |||||
| Long-term Debt, Carrying Amount | 1,121.2 | 1,046.8 | 1,076.0 | |||||
| Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Current Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 0.7 | 0.7 | 0.1 | |||||
| Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 0.0 | 0.0 | 0.0 | |||||
| Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Accrued Expenses [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 1.6 | 1.7 | 2.0 | |||||
| Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Liabilities [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 0.0 | 0.0 | 0.0 | |||||
| Cost of Sales [Member] | Foreign Exchange Forward Inventory Purchases [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income, Estimate of Time to Transfer | 12 months | |||||||
| Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income, Estimated Net Amount to be Transferred | $ 45.0 | |||||||
| Interest Expense [Member] | Interest Rate Swap [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income, Estimate of Time to Transfer | 12 months | |||||||
| Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income, Estimated Net Amount to be Transferred | $ (0.8) | |||||||
| Selling, General and Administrative Expenses [Member] | Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Instruments Not Designated as Hedging Instruments, Loss Recognized in Expense, Net | (0.1) | (0.5) | ||||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 58.6 | 78.9 | ||||||
| Derivative Instruments, Gain (Loss) Reclassified from AOCL into Income (Expense), Effective Portion, Net | 15.2 | (22.9) | ||||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Other Current Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 9.8 | 36.5 | 25.4 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Other Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 2.7 | 1.5 | 0.7 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Accrued Expenses [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 14.8 | 2.2 | 4.7 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Other Liabilities [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 0.2 | 1.9 | 2.3 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 30.1 | 29.4 | ||||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 8.1 | 35.6 | 24.0 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 1.6 | 1.5 | 0.7 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 14.8 | 0.5 | 3.5 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Liabilities [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 0.2 | 0.0 | 0.7 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | (1.1) | 0.5 | ||||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Current Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 1.7 | 0.9 | 1.4 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Assets [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Asset, Fair Value, Gross Asset | 1.1 | 0.0 | 0.0 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Accrued Expenses [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 0.0 | 1.7 | 1.2 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Liabilities [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Liability, Fair Value, Gross Liability | 0.0 | 1.9 | 1.6 | |||||
| Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Net Investment Hedging [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax | 29.6 | 49.0 | ||||||
| Cash Flow Hedging [Member] | Cost of Sales [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Instruments, Gain (Loss) Reclassified from AOCL into Income (Expense), Effective Portion, Net | 15.0 | (22.9) | ||||||
| Cash Flow Hedging [Member] | Interest Expense [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Derivative Instruments, Gain (Loss) Reclassified from AOCL into Income (Expense), Effective Portion, Net | $ 0.2 | 0.0 | ||||||
| Senior notes due 2027 [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Debt instrument, face amount | € | € 600.0 | |||||||
| Long-term Debt, Carrying Amount | [1] | 708.2 | $ 661.0 | 679.5 | ||||
| Debt Instrument, Interest Rate, Stated Percentage | 3.125% | 3.125% | ||||||
| Senior notes due 2024 [Member] | ||||||||
| Derivative [Line Items] | ||||||||
| Debt instrument, face amount | € | € 350.0 | |||||||
| Long-term Debt, Carrying Amount | [1] | $ 413.0 | $ 385.8 | $ 396.5 | ||||
| Debt Instrument, Interest Rate, Stated Percentage | 3.625% | 3.625% | ||||||
| ||||||||
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- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Estimated period for the anticipated transfer of gain (loss), net, from accumulated other comprehensive income into earnings, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
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- Definition The estimated value of gains (losses), net anticipated to be transferred in the future from accumulated other comprehensive income into earnings. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
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- Definition Amount before tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions |
3 Months Ended | |||
|---|---|---|---|---|
May 05, 2019 |
May 06, 2018 |
Feb. 03, 2019 |
Feb. 04, 2018 |
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Impairment of long-lived assets | $ 83.7 | $ 0.0 | ||
| Cash and cash equivalents | 494.3 | 434.5 | $ 452.0 | $ 493.9 |
| Short-term borrowings | 299.7 | 254.5 | 12.8 | |
| Long-term debt (including portion classified as current), carrying amount | 2,790.4 | 3,013.2 | 2,819.4 | |
| Fair Value, Recurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Foreign currency forward exchange contracts, assets | 37.8 | 10.4 | 24.8 | |
| Interest rate swap agreements, assets | 0.9 | 2.8 | 1.4 | |
| Total Assets, Fair Value | 38.7 | 13.2 | 26.2 | |
| Foreign currency forward exchange contracts, liabilities | 2.2 | 16.6 | 6.2 | |
| Interest rate swap agreements, liabilities | 3.6 | 2.8 | ||
| Total Liabilities | 5.8 | 16.6 | 9.0 | |
| Operating lease right-of-use assets [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Long-lived Assets, Carrying Amount | 93.8 | |||
| Impairment of long-lived assets | 77.0 | |||
| Total Assets, Fair Value | 16.8 | |||
| Property, Plant and Equipment [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Long-lived Assets, Carrying Amount | 6.7 | |||
| Impairment of long-lived assets | 6.7 | |||
| Total Assets, Fair Value | 0.0 | |||
| Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Impairment of long-lived assets | 83.7 | |||
| Reported Value Measurement [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Cash and cash equivalents | 494.3 | 434.5 | 452.0 | |
| Short-term borrowings | 299.7 | 254.5 | 12.8 | |
| Long-term debt (including portion classified as current), carrying amount | 2,790.4 | 3,013.2 | 2,819.4 | |
| Estimate of Fair Value Measurement [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Cash and cash equivalents, fair value | 494.3 | 434.5 | 452.0 | |
| Short-term borrowings, fair value | 299.7 | 254.5 | 12.8 | |
| Long-term debt (including portion classified as current), fair value | 2,907.7 | 3,076.6 | 2,853.7 | |
| Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Foreign currency forward exchange contracts, assets | 37.8 | 10.4 | 24.8 | |
| Interest rate swap agreements, assets | 0.9 | 2.8 | 1.4 | |
| Total Assets, Fair Value | 38.7 | 13.2 | 26.2 | |
| Foreign currency forward exchange contracts, liabilities | 2.2 | 16.6 | 6.2 | |
| Interest rate swap agreements, liabilities | 3.6 | 2.8 | ||
| Total Liabilities | 5.8 | $ 16.6 | $ 9.0 | |
| Fair Value, Inputs, Level 3 [Member] | Operating lease right-of-use assets [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Total Assets, Fair Value | 16.8 | |||
| Fair Value, Inputs, Level 3 [Member] | Property, Plant and Equipment [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Total Assets, Fair Value | 0.0 | |||
| Calvin Klein North America [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Impairment of long-lived assets | 32.2 | |||
| Tommy Hilfiger North America [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Impairment of long-lived assets | 48.6 | |||
| Calvin Klein International [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member] | ||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Impairment of long-lived assets | $ 2.9 | |||
| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Fair value portion of asset contracts related to the exchange of different currencies, including, but not limited to, foreign currency options, forward contracts, and swaps. No definition available.
|
| X | ||||||||||
- Definition Fair value portion of liability contracts related to the exchange of different currencies, including, but not limited to, foreign currency options, forward (delivery or nondelivery) contracts, and swaps entered into. No definition available.
|
| X | ||||||||||
- Definition Fair value as of the balance sheet date of interest rate derivative assets, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as assets. No definition available.
|
| X | ||||||||||
- Definition Fair value as of the balance sheet date of interest rate derivative liabilities, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as liabilities. No definition available.
|
| X | ||||||||||
- Definition Fair value of financial and nonfinancial obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
| X | ||||||||||
- Definition Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of short-term debt existing as of the balance sheet date. No definition available.
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
STOCK BASED COMPENSATION - Stock Incentive Plan (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Share-based Payment Arrangement [Abstract] | ||
| Stock-based compensation expense | $ 13.9 | $ 11.6 |
| Recognized income tax benefits associated with stock-based compensation expense | 1.9 | 2.3 |
| Tax benefits realized from transactions associated with stock plan | 7.8 | 11.7 |
| Discrete Net Excess Tax Benefits from Share-Based Compensation recognized in Provision for Income Taxes | $ 1.3 | $ 4.5 |
| X | ||||||||||
- Definition Tax Deduction Associated With Stock Plan Awards No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of tax benefit for recognition of expense of award under share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
STOCK-BASED COMPENSATION - Stock Option Activity (Details) - USD ($) |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Equity Option [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Reduction in Number of Shares Available for Grant by Each Option Award | 1 | |
| Vesting period (in years) | 4 years | |
| Beginning vesting term | one year after date of grant | |
| Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |
| Service-based stock option activity [Roll Forward] | ||
| Service-based stock options, outstanding, beginning of period | 791,000 | |
| Service-based stock options, granted | 101,000 | |
| Service-based stock options, exercised | 24,000 | |
| Service-based stock options, cancelled | 1,000 | |
| Service-based stock options, outstanding, end of period | 867,000 | |
| Service-based stock options, exercisable | 584,000 | |
| Service-based stock options, outstanding, weighted average price per option, beginning of period | $ 107.81 | |
| Service-based stock options, granted, weighted average price per option | 127.26 | |
| Service-based stock options, exercised, weighted average price per option | 78.96 | |
| Service-based stock options, cancelled, weighted average price per option | 96.42 | |
| Service-based stock options, outstanding, weighted average price per option, end of period | 110.88 | |
| Service-based stock options, exercisable, weighted average price per option | $ 105.19 | |
| Black-Scholes-Merton Model [Member] | ||
| Assumptions used to estimate fair value of service-based stock options [Abstract] | ||
| Weighted average risk-free interest rate | 2.34% | 2.78% |
| Weighted average expected stock option term (in years) | 6 years 3 months | 6 years 3 months |
| Weighted average Company volatility | 28.03% | 26.92% |
| Expected annual dividends per share | $ 0.15 | $ 0.15 |
| Weighted average grant date fair value per stock option | $ 41.15 | $ 51.66 |
| X | ||||||||||
- Definition The reduction in the number of shares available to be granted with each grant of an option award. No definition available.
|
| X | ||||||||||
- Definition Share based Compensation Arrangement by Share based Payment Award, Award Beginning Vesting No definition available.
|
| X | ||||||||||
- Definition Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The estimated amount of dividends to be paid to holders of the underlying shares (expected dividends) over the option's term. Dividends are taken into account because payment of dividends to shareholders reduces the fair value of the underlying shares, and option holders generally do not receive dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average price of options that were either forfeited or expired. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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STOCK-BASED COMPENSATION - RSU, Restricted Stock and Performance Share Activity (Details) - USD ($) |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Reduction in number of shares available for grant by a restricted stock award, RSU or PSU | 2 | |
| Restricted Stock Units (RSUs) Granted Since 2016 [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Vesting period (in years) | 4 years | |
| Beginning vesting term, awards granted in 2016 | one year after date of grant | |
| Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Vesting period (in years) | 3 years | |
| Beginning vesting term, awards granted prior to 2016 | two years after date of grant | |
| Restricted Stock Units (RSUs) Non-Employee Directors [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| First RSU Vesting Installments, Nonemployee Directors, Number of Yrs Following Grant Date | one year after date of grant | |
| Restricted Stock Units (RSUs) [Member] | ||
| Non-vested activity [Roll Forward] | ||
| Other than options, non-vested number, beginning of period | 847,000 | |
| Other than options, granted number | 324,000 | |
| Other than options, vested number | 283,000 | |
| Other than options, cancelled number | 25,000 | |
| Other than options, non-vested number, end of period | 863,000 | |
| Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 122.97 | |
| Other than options, granted, weighted average grant date fair value | 129.29 | |
| Other than options, vested, weighted average grant date fair value | 114.20 | |
| Other than options, cancelled, weighted average grant date fair value | 123.78 | |
| Other than options, non-vested, weighted average grant date fair value, end of period | $ 128.19 | |
| Performance Shares (PSUs) [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Vesting period (in years) | 3 years | |
| Percentage of Final Number of Shares Based Upon the Company's Absolute Stock Price Growth | 50.00% | |
| Percent of Final Number of Shares Based Upon the Company's Total Shareholder Return | 50.00% | |
| Non-vested activity [Roll Forward] | ||
| Other than options, non-vested number, beginning of period | 194,000 | |
| Other than options, granted number | 52,000 | |
| Other than options, change due to market condition achieved below target number | $ 10,000 | |
| Other than options, vested number | 67,000 | |
| Other than options, cancelled number | 5,000 | |
| Other than options, non-vested number, end of period | 164,000 | |
| Other than options, non-vested, weighted average grant date fair value, beginning of period | $ 106.76 | |
| Other than options, granted, weighted average grant date fair value | 129.46 | |
| Other than options, change due to market condition achieved below target, weighted average grant fair value | 87.16 | |
| Other than options, vested, weighted average grant date fair value | 87.16 | |
| Other than options, cancelled, weighted average grant date fair value | 105.59 | |
| Other than options, non-vested, weighted average grant date fair value, end of period | $ 123.11 | |
| Awards Granted in 2018, 2017 and 2016, Holding Period | 1 year | |
| Performance Shares (PSUs) [Member] | Monte Carlo Model [Member] | ||
| Assumptions used to estimate fair value of service-based stock options [Abstract] | ||
| Weighted average risk-free interest rate | 2.26% | 2.62% |
| Weighted average Company volatility | 29.88% | 29.78% |
| Expected annual dividends per share | $ 0.15 | $ 0.15 |
| Restriction of Liquidity Discount | 6.20% | 7.09% |
| Non-vested activity [Roll Forward] | ||
| Other than options, granted, weighted average grant date fair value | $ 129.46 | $ 159.53 |
| First Annual Installment [Member] | Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| RSU vesting, granted to employees in installments | 25.00% | |
| Second Annual Installment [Member] | Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| RSU vesting, granted to employees in installments | 25.00% | |
| Third Annual Installment [Member] | Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| RSU vesting, granted to employees in installments | 50.00% | |
| X | ||||||||||
- Definition Awards Granted, Holding Period No definition available.
|
| X | ||||||||||
- Definition First RSU Vesting Installments, Employees, Number of Years Following Grant Date No definition available.
|
| X | ||||||||||
- Definition First RSU Vesting Installments, Employees, Number of Yrs Following Grant Date, Awards Granted in 2016 No definition available.
|
| X | ||||||||||
- Definition First RSU Vesting Installments, Nonemployee Directors, Number of Years Following Grant Date No definition available.
|
| X | ||||||||||
- Definition Percentage of final number of shares that will be earned based upon the Company's absolute stock price growth during the performance period. No definition available.
|
| X | ||||||||||
- Definition Percentage of final number of shares that will be earned based upon the Company's total shareholder return during the performance period relative to other companies included in the S&P 500 as of the date of grant. No definition available.
|
| X | ||||||||||
- Definition The reduction in the number of shares available to be granted with each grant of a restricted stock award. No definition available.
|
| X | ||||||||||
- Definition Restriction of Liquidity Discount No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Change due to Market Condition Achieved below Target No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Change due to Market Condition Achieved below Target, Weighted Average Grant Date Fair Value No definition available.
|
| X | ||||||||||
- Definition Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The estimated amount of dividends to be paid to holders of the underlying shares (expected dividends) over the option's term. Dividends are taken into account because payment of dividends to shareholders reduces the fair value of the underlying shares, and option holders generally do not receive dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Percentage of vesting of award under share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions |
3 Months Ended | |||||
|---|---|---|---|---|---|---|
May 05, 2019 |
May 06, 2018 |
|||||
| Net gain on net investment hedges, net of tax | $ (22.4) | $ (37.0) | ||||
| Change in accumulated other comprehensive loss [Roll Forward] | ||||||
| Balance at beginning of year | (507.9) | |||||
| Other comprehensive (loss) income | (75.8) | (85.1) | ||||
| Balance at end of period | (583.7) | (406.6) | ||||
| Foreign currency translation adjustments | ||||||
| Net gain on net investment hedges, net of tax | 22.4 | 37.0 | ||||
| Change in accumulated other comprehensive loss [Roll Forward] | ||||||
| Balance at beginning of year | (537.6) | (249.4) | ||||
| Other comprehensive (loss) income, before reclassifications, net of tax | [1],[2] | (89.2) | (135.2) | |||
| Less: Amounts reclassified from AOCL, net of tax | 0.0 | 0.0 | ||||
| Other comprehensive (loss) income | (89.2) | (135.2) | ||||
| Balance at end of period | (626.8) | (384.6) | ||||
| Net unrealized and realized gain (loss) on effective cash flow hedges | ||||||
| Change in accumulated other comprehensive loss [Roll Forward] | ||||||
| Balance at beginning of year | 29.7 | (72.1) | ||||
| Other comprehensive (loss) income, before reclassifications, net of tax | 27.7 | 28.0 | ||||
| Less: Amounts reclassified from AOCL, net of tax | 14.3 | (22.1) | ||||
| Other comprehensive (loss) income | 13.4 | 50.1 | ||||
| Balance at end of period | 43.1 | (22.0) | ||||
| Total | ||||||
| Net gain on net investment hedges, net of tax | 22.4 | 37.0 | ||||
| Change in accumulated other comprehensive loss [Roll Forward] | ||||||
| Balance at beginning of year | (507.9) | (321.5) | ||||
| Other comprehensive (loss) income, before reclassifications, net of tax | (61.5) | (107.2) | ||||
| Less: Amounts reclassified from AOCL, net of tax | 14.3 | (22.1) | ||||
| Other comprehensive (loss) income | (75.8) | (85.1) | ||||
| Balance at end of period | $ (583.7) | $ (406.6) | ||||
| ||||||
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after tax, of reclassification from accumulated other comprehensive income (AOCI) of gain (loss) from increase (decrease) in fair value of net investment hedge. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Net unrealized and realized gain (loss) on effective cash flow hedges | ||
| Reclassification from AOCL, Current Period, Net of Tax | $ 14.3 | $ (22.1) |
| Income tax expense [Member] | ||
| Reclassification from AOCL, Current Period, Tax | 0.9 | (0.8) |
| Foreign Exchange Forward Inventory Purchases [Member] | Cost of Sales [Member] | ||
| Reclassification from AOCL, Current Period, before Tax | 15.0 | (22.9) |
| Interest Rate Swap [Member] | Interest Expense [Member] | ||
| Reclassification from AOCL, Current Period, before Tax | $ 0.2 | $ 0.0 |
| X | ||||||||||
- Definition Amount before tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Equity, Class of Treasury Stock [Line Items] | ||
| Stock Repurchase Program, Number of Shares Repurchased | 659,630 | 494,898 |
| Stock Repurchase Program [Member] | ||
| Equity, Class of Treasury Stock [Line Items] | ||
| Stock Repurchase Program, Authorized Amount | $ 2,000.0 | |
| Stock Repurchase Program, Period in Force | 3 years | |
| Stock Repurchase Program, Number of Shares Repurchased | 500,000 | 400,000 |
| Acquisition of treasury shares during period | $ 61.2 | $ 53.7 |
| Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 947.1 | |
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of stock repurchase plan authorized. No definition available.
|
| X | ||||||||||
- Definition Period which shares may be purchased under a stock repurchase plan authorized by an entity's Board of Directors, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition Amount remaining of a stock repurchase plan authorized. No definition available.
|
| X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
LEASES (Details) |
May 05, 2019
stores
|
|---|---|
| Lessee, Lease, Description [Line Items] | |
| Operating Lease, Weighted Average Remaining Lease Term | 7 years 1 month 13 days |
| Finance Lease, Weighted Average Remaining Lease Term | 4 years 7 months 6 days |
| Operating Lease, Weighted Average Discount Rate, Percent | 5.48% |
| Finance Lease, Weighted Average Discount Rate, Percent | 3.89% |
| Company-operated free-standing retail store locations [Member] | |
| Lessee, Lease, Description [Line Items] | |
| Number of Stores | 1,750 |
| Number of Countries | 35 |
| Company-operated free-standing retail store locations [Member] | Minimum [Member] | |
| Lessee, Lease, Description [Line Items] | |
| Lessee, Operating Lease, Term of Contract | 3 years |
| Company-operated free-standing retail store locations [Member] | Maximum [Member] | |
| Lessee, Lease, Description [Line Items] | |
| Lessee, Operating Lease, Term of Contract | 10 years |
| Warehouses, distribution centers, showrooms, office space, and Ethiopia factory [Member] | Minimum [Member] | |
| Lessee, Lease, Description [Line Items] | |
| Lessee, Operating Lease, Term of Contract | 10 years |
| Warehouses, distribution centers, showrooms, office space, and Ethiopia factory [Member] | Maximum [Member] | |
| Lessee, Lease, Description [Line Items] | |
| Lessee, Operating Lease, Term of Contract | 20 years |
| Equipment and other assets [Member] | Minimum [Member] | |
| Lessee, Lease, Description [Line Items] | |
| Lessee, Operating Lease, Term of Contract | 1 year |
| Equipment and other assets [Member] | Maximum [Member] | |
| Lessee, Lease, Description [Line Items] | |
| Lessee, Operating Lease, Term of Contract | 5 years |
| X | ||||||||||
- Definition Weighted average discount rate for finance lease calculated at point in time. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Weighted average remaining lease term for finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The number of countries in which the entity operates as of balance sheet date. No definition available.
|
| X | ||||||||||
- Definition Represents the number of stores. No definition available.
|
| X | ||||||||||
- Definition Weighted average discount rate for operating lease calculated at point in time. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
LEASES Components of Net Lease Cost (Details) $ in Millions |
3 Months Ended |
|---|---|
|
May 05, 2019
USD ($)
| |
| Leases [Abstract] | |
| Finance lease cost, Amortization of right-of-use assets | $ 1.3 |
| Finance lease cost, Interest on lease liabilities | 0.1 |
| Total finance lease cost | 1.4 |
| Operating lease cost | 112.9 |
| Short-term lease cost | 3.5 |
| Variable lease cost | 30.3 |
| Less: sublease income | (0.1) |
| Total net lease cost | $ 148.0 |
| X | ||||||||||
- Definition Finance Lease Cost No definition available.
|
| X | ||||||||||
- Definition Amount of interest expense on finance lease liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of amortization expense attributable to right-of-use asset from finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lease cost recognized by lessee for lease contract. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of short-term lease cost, excluding expense for lease with term of one month or less. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of sublease income excluding finance and operating lease expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
LEASES Supplemental balance sheet information related to leases (Details) - USD ($) $ in Millions |
May 05, 2019 |
Feb. 03, 2019 |
May 06, 2018 |
|---|---|---|---|
| Right-of-use assets: | |||
| Operating lease | $ 1,606.0 | $ 0.0 | $ 0.0 |
| Finance lease | 14.6 | ||
| Total right-of-use assets | 1,620.6 | ||
| Current lease liabilities | |||
| Operating lease | 334.3 | 0.0 | 0.0 |
| Finance lease | 4.7 | ||
| Total current lease liabilities | 339.0 | ||
| Other lease liabilities: | |||
| Operating lease | 1,499.4 | $ 0.0 | $ 0.0 |
| Finance lease | 11.0 | ||
| Total other lease liabilities | $ 1,510.4 |
| X | ||||||||||
- Definition Current lease liabilities: [Abstract] No definition available.
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating and finance leases, classified as current. No definition available.
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating and finance leases, classified as noncurrent. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's right to use underlying assets under operating and finance leases. No definition available.
|
| X | ||||||||||
- Definition Other lease liabilities [Abstract] No definition available.
|
| X | ||||||||||
- Definition Right-of-use assets: [Abstract] No definition available.
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from finance lease, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from finance lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's right to use underlying asset under finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's right to use underlying asset under operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
LEASES Supplemental cash flow information related to leases (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Cash paid for amounts included in the measurement of lease liabilities: | ||
| Operating cash flows from operating leases | $ 116.0 | |
| Operating cash flows from finance leases | 0.1 | |
| Financing cash flows from finance leases | 1.5 | $ 1.2 |
| Non-cash transactions: | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | 85.1 | |
| Right-of-use assets obtained in exchange for new finance lease liabilities | $ 0.9 | |
| X | ||||||||||
- Definition Cash paid for amounts included in the measurement of lease liabilities [Abstract] No definition available.
|
| X | ||||||||||
- Definition Non-cash transactions [Abstract] No definition available.
|
| X | ||||||||||
- Definition Amount of interest paid on finance lease liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash outflow for principal payment on finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of increase in right-of-use asset obtained in exchange for finance lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of increase in right-of-use asset obtained in exchange for operating lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
LEASES Maturities of Lease Liabilities (Details) $ in Millions |
May 05, 2019
USD ($)
|
|---|---|
| Finance Lease, Liability, Payment, Due [Abstract] | |
| Remainder of 2019 | $ 3.9 |
| 2020 | 4.5 |
| 2021 | 3.9 |
| 2022 | 1.9 |
| 2023 | 0.6 |
| Thereafter | 2.5 |
| Total lease payments | 17.3 |
| Less: Interest | (1.6) |
| Total lease liabilities | 15.7 |
| Lessee, Operating Lease, Liability, Payment, Due [Abstract] | |
| Remainder of 2019 | 301.7 |
| 2020 | 386.7 |
| 2021 | 332.1 |
| 2022 | 267.2 |
| 2023 | 200.1 |
| Thereafter | 684.5 |
| Total lease payments | 2,172.3 |
| Less: Interest | (338.6) |
| Total lease liabilities | 1,833.7 |
| Finance and Operating Lease, Liability, Total Payment, Due [Abstract] | |
| Remainder of 2019 | 305.6 |
| 2020 | 391.2 |
| 2021 | 336.0 |
| 2022 | 269.1 |
| 2023 | 200.7 |
| Thereafter | 687.0 |
| Total lease payments | 2,189.6 |
| Less: Interest | (340.2) |
| Total lease liabilities | $ 1,849.4 |
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating and finance leases. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating and finance leases. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance and operating leases, due in fifth fiscal year following latest fiscal year. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance and operating leases, due in fourth fiscal year following latest fiscal year. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance and operating leases, due in third fiscal year following latest fiscal year. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance and operating leases, due in second fiscal year following latest fiscal year. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance and operating leases, due after fifth fiscal year following latest fiscal year. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating and finance leases having an initial or remaining lease term in excess of one year due in remainder of fiscal year following latest fiscal year. No definition available.
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating and finance leases. No definition available.
|
| X | ||||||||||
- Definition Total Lease, Liability, Payment Due [Abstract] No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease, due after fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fourth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease, due in third fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease, due in second fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease, due in remainder of fiscal year following latest fiscal year ended. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating lease, due after fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments for operating lease having an initial or remaining lease term in excess of one year due in remainder of fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
EXIT ACTIVITY COSTS (Details) - Calvin Klein Restructuring [Member] $ in Millions |
3 Months Ended | |||
|---|---|---|---|---|
|
May 05, 2019
USD ($)
| ||||
| Restructuring Cost and Reserve [Line Items] | ||||
| Total costs expected to be incurred | $ 146.0 | |||
| Cumulative costs incurred to date | 111.0 | |||
| Restructuring Reserve [Roll Forward] | ||||
| Total liability, beginning of period | 28.1 | |||
| Exit activity costs incurred | 70.3 | |||
| Restructuring and Related Costs, Incurred Costs Excluding Long-Lived Asset Impairments and Inventory Markdowns | 33.5 | |||
| Exit activity costs paid | 22.7 | |||
| Total liability, end of period | 38.9 | |||
| Severance, termination benefits and other employee costs | ||||
| Restructuring Cost and Reserve [Line Items] | ||||
| Total costs expected to be incurred | 51.0 | |||
| Cumulative costs incurred to date | 46.0 | |||
| Restructuring Reserve [Roll Forward] | ||||
| Total liability, beginning of period | 25.8 | |||
| Exit activity costs incurred | 18.7 | |||
| Exit activity costs paid | 9.0 | |||
| Total liability, end of period | 35.5 | |||
| Long-lived asset impairments | ||||
| Restructuring Cost and Reserve [Line Items] | ||||
| Total costs expected to be incurred | 57.0 | [1] | ||
| Cumulative costs incurred to date | 42.0 | [1] | ||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | 35.1 | [1] | ||
| Contract termination and other costs | ||||
| Restructuring Cost and Reserve [Line Items] | ||||
| Total costs expected to be incurred | 33.0 | |||
| Cumulative costs incurred to date | 19.1 | |||
| Restructuring Reserve [Roll Forward] | ||||
| Total liability, beginning of period | 2.3 | |||
| Exit activity costs incurred | 14.8 | |||
| Exit activity costs paid | 13.7 | |||
| Total liability, end of period | 3.4 | |||
| Inventory markdowns [Member] | ||||
| Restructuring Cost and Reserve [Line Items] | ||||
| Total costs expected to be incurred | 5.0 | |||
| Cumulative costs incurred to date | 3.9 | |||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | 1.7 | |||
| Calvin Klein North America [Member] | ||||
| Restructuring Cost and Reserve [Line Items] | ||||
| Total costs expected to be incurred | 87.0 | |||
| Cumulative costs incurred to date | 69.8 | |||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | 50.9 | |||
| Calvin Klein North America [Member] | Exit activity costs excluding inventory markdowns | ||||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | 50.1 | |||
| Calvin Klein North America [Member] | Inventory markdowns [Member] | ||||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | 0.8 | |||
| Calvin Klein International [Member] | ||||
| Restructuring Cost and Reserve [Line Items] | ||||
| Total costs expected to be incurred | 59.0 | |||
| Cumulative costs incurred to date | 41.2 | |||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | 19.4 | |||
| Calvin Klein International [Member] | Exit activity costs excluding inventory markdowns | ||||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | 18.5 | |||
| Calvin Klein International [Member] | Inventory markdowns [Member] | ||||
| Restructuring Reserve [Roll Forward] | ||||
| Exit activity costs incurred | $ 0.9 | |||
| ||||
| X | ||||||||||
- Definition Restructuring and Related Costs, Incurred Costs Excluding Long-Lived Asset Impairments and Inventory Markdowns No definition available.
|
| X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of costs incurred to date for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount expected to be recognized in earnings for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
NET INCOME PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||
| Net income attributable to PVH Corp. | $ 82.0 | $ 179.4 |
| Weighted average common shares outstanding for basic net income per common share | 75.2 | 77.1 |
| Weighted average impact of dilutive securities | 0.7 | 1.1 |
| Total shares for diluted net income per common share | 75.9 | 78.2 |
| Basic net income per common share attributable to PVH Corp. | $ 1.09 | $ 2.33 |
| Diluted net income per common share attributable to PVH Corp. | $ 1.08 | $ 2.29 |
| Weighted average potentially dilutive securities | 0.5 | 0.1 |
| X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
NET INCOME PER COMMON SHARE - DILUTED (Details) - shares shares in Millions |
May 05, 2019 |
May 06, 2018 |
|---|---|---|
| Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||
| Number of Dilutive Shares That Could Be Issued Upon Vesting | 0.2 | 0.1 |
| X | ||||||||||
- Definition Represents the number of dilutive shares that could be issued upon vesting. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
NONCASH INVESTING AND FINANCING ACTIVITIES (Details) - USD ($) $ in Millions |
3 Months Ended | |||
|---|---|---|---|---|
Apr. 20, 2018 |
May 05, 2019 |
May 06, 2018 |
Apr. 29, 2019 |
|
| Nonmonetary Transaction [Line Items] | ||||
| Capital Lease Obligation Incurred | $ 1.2 | |||
| Treasury Stock, Shares Purchased Not Yet Settled | $ 2.0 | $ 1.5 | ||
| Debt modification and extinguishment costs | $ 4.0 | |||
| Write off of deferred debt issuance costs | $ 1.7 | |||
| Geoffrey Beene Acquisition [Member] | ||||
| Nonmonetary Transaction [Line Items] | ||||
| Noncash Or Part Noncash Acquisition, Prepaid Royalties Assumed | $ 0.7 | |||
| Noncash or Part Noncash Acquisition, Other Liabilities Assumed | $ 0.4 | |||
| X | ||||||||||
- Definition Debt Issuance Costs Incurred No definition available.
|
| X | ||||||||||
- Definition Amount of prepaid royalties assumed in acquiring a business or in consideration for an asset received in a noncash or part noncash acquisition. No definition available.
|
| X | ||||||||||
- Definition Treasury Stock, Shares Purchased Not Yet Settled No definition available.
|
| X | ||||||||||
- Definition Amount of increase in lease obligation from new lease. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liabilities, classified as other, assumed in acquiring a business or in consideration for an asset received in a noncash or part noncash acquisition. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
SEGMENT DATA (Details) $ in Millions |
3 Months Ended | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
May 05, 2019
USD ($)
|
May 06, 2018
USD ($)
|
||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||
| Segment Reporting, Number of Reportable Segments | 6 | ||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | [1] | $ 2,356.3 | $ 2,314.6 | ||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | 135.1 | 244.3 | ||||||||||||||
| Debt modification and extinguishment costs | 5.2 | 0.0 | |||||||||||||||
| Calvin Klein Restructuring [Member] | |||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||
| Restructuring and Related Cost, Incurred Cost | 70.3 | ||||||||||||||||
| Net sales | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 2,237.3 | 2,193.5 | |||||||||||||||
| Royalty revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 89.4 | 89.4 | |||||||||||||||
| Advertising and other revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 29.6 | 31.7 | |||||||||||||||
| Calvin Klein North America [Member] | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | [1] | 424.0 | 414.5 | ||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | 1.4 | [3] | 43.5 | |||||||||||||
| Calvin Klein North America [Member] | Calvin Klein Restructuring [Member] | |||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||
| Restructuring and Related Cost, Incurred Cost | 50.9 | ||||||||||||||||
| Calvin Klein North America [Member] | Net sales | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 378.4 | 367.3 | |||||||||||||||
| Calvin Klein North America [Member] | Royalty revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 33.4 | 34.0 | |||||||||||||||
| Calvin Klein North America [Member] | Advertising and other revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 12.2 | 13.2 | |||||||||||||||
| Calvin Klein International [Member] | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | [1] | 465.6 | 475.5 | ||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | 46.9 | [3] | 65.1 | |||||||||||||
| Calvin Klein International [Member] | Calvin Klein Restructuring [Member] | |||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||
| Restructuring and Related Cost, Incurred Cost | 19.4 | ||||||||||||||||
| Calvin Klein International [Member] | Net sales | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 441.1 | 448.8 | |||||||||||||||
| Calvin Klein International [Member] | Royalty revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 17.9 | 18.5 | |||||||||||||||
| Calvin Klein International [Member] | Advertising and other revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 6.6 | 8.2 | |||||||||||||||
| Tommy Hilfiger North America [Member] | |||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||
| Tommy Hilfiger Store Closures | 54.9 | ||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | [1] | 371.8 | 361.2 | ||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | (14.7) | [4] | 40.8 | |||||||||||||
| Tommy Hilfiger North America [Member] | Net sales | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 347.8 | 338.9 | |||||||||||||||
| Tommy Hilfiger North America [Member] | Royalty revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 18.7 | 18.4 | |||||||||||||||
| Tommy Hilfiger North America [Member] | Advertising and other revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 5.3 | 3.9 | |||||||||||||||
| Tommy Hilfiger International [Member] | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | [1] | 680.3 | 654.6 | ||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | 106.8 | 91.2 | [5] | |||||||||||||
| Tommy Hilfiger International [Member] | Net sales | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 662.7 | 637.2 | |||||||||||||||
| Tommy Hilfiger International [Member] | Royalty revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 13.2 | 12.0 | |||||||||||||||
| Tommy Hilfiger International [Member] | Advertising and other revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 4.4 | 5.4 | |||||||||||||||
| Heritage Brands Wholesale [Member] | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | [1] | 356.4 | 347.1 | ||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | 39.0 | 39.8 | ||||||||||||||
| Heritage Brands Wholesale [Member] | Net sales | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 350.3 | 340.8 | |||||||||||||||
| Heritage Brands Wholesale [Member] | Royalty revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 5.1 | 5.4 | |||||||||||||||
| Heritage Brands Wholesale [Member] | Advertising and other revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 1.0 | 0.9 | |||||||||||||||
| Heritage Brands Retail [Member] | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | [1] | 58.2 | 61.7 | ||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | 1.0 | 1.8 | ||||||||||||||
| Heritage Brands Retail [Member] | Net sales | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 57.0 | 60.5 | |||||||||||||||
| Heritage Brands Retail [Member] | Royalty revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 1.1 | 1.1 | |||||||||||||||
| Heritage Brands Retail [Member] | Advertising and other revenue | |||||||||||||||||
| Revenue: | |||||||||||||||||
| Revenues | 0.1 | 0.1 | |||||||||||||||
| Corporate Segment [Member] | |||||||||||||||||
| Earnings before interest and taxes: | |||||||||||||||||
| Income before interest and taxes | [2] | (45.3) | [6] | (37.9) | |||||||||||||
| Debt modification and extinguishment costs | $ 6.2 | ||||||||||||||||
| Tommy Hilfiger China Acquisition [Member] | Tommy Hilfiger International [Member] | |||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||
| Amortization of Intangible Assets | $ 6.9 | ||||||||||||||||
| |||||||||||||||||
| X | ||||||||||
- Definition Amount represents 1) costs incurred in the modification of term of existing debt agreement, including a loss to write-off previously capitalized debt issuance costs, or 2) the difference between the fair value of payments made and the carrying amount of the debt at time of extinguishment. No definition available.
|
| X | ||||||||||
- Definition Tommy Hilfiger Store Closures No definition available.
|
| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Revenue by Distribution Channel (Details) - USD ($) $ in Millions |
3 Months Ended | |||
|---|---|---|---|---|
May 05, 2019 |
May 06, 2018 |
|||
| Disaggregation of Revenue [Line Items] | ||||
| Revenues | [1] | $ 2,356.3 | $ 2,314.6 | |
| Net sales | ||||
| Disaggregation of Revenue [Line Items] | ||||
| Revenues | 2,237.3 | 2,193.5 | ||
| Net sales | Wholesale | ||||
| Disaggregation of Revenue [Line Items] | ||||
| Revenues | 1,360.7 | 1,284.1 | ||
| Net sales | Retail | ||||
| Disaggregation of Revenue [Line Items] | ||||
| Revenues | 876.6 | 909.4 | ||
| Royalty revenue | ||||
| Disaggregation of Revenue [Line Items] | ||||
| Revenues | 89.4 | 89.4 | ||
| Advertising and other revenue | ||||
| Disaggregation of Revenue [Line Items] | ||||
| Revenues | $ 29.6 | $ 31.7 | ||
| ||||
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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- Details
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| X | ||||||||||
- Details
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GUARANTEES (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Jan. 29, 2023 |
May 05, 2019 |
|
| Sale Of Bass [Member] | ||
| Guarantor Obligations [Line Items] | ||
| Expiration Year of Bass Guarantee | 2022 | |
| Guarantor Obligations, Maximum Exposure, Undiscounted | $ 8.3 | |
| PVH Australia and CK India [Member] | ||
| Guarantor Obligations [Line Items] | ||
| Guarantor Obligations, Maximum Exposure, Undiscounted | 11.1 | |
| PVH Japan [Member] | ||
| Guarantor Obligations [Line Items] | ||
| Guarantor Obligations, Maximum Exposure, Undiscounted | $ 4.5 |
| X | ||||||||||
- Definition Expiration Year of Bass Guarantee No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
RECENT ACCOUNTING GUIDANCE Recent Accounting Guidance (Details) $ in Millions |
May 05, 2019
USD ($)
|
|---|---|
| Accounting Standards Update 2018-15 [Member] | |
| New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
| Capitalized implementation costs incurred in a cloud computing arrangement | $ 1.9 |
| X | ||||||||||
- Definition Amount, before accumulated amortization, of capitalized implementation cost from hosting arrangement that is service contract. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
RECENT ACCOUNTING GUIDANCE Impact of New Lease Standard on Balance Sheet Line Items (Details) - USD ($) $ in Millions |
May 05, 2019 |
Feb. 03, 2019 |
May 06, 2018 |
|---|---|---|---|
| Assets | |||
| Prepaid expenses | $ 168.7 | ||
| Operating Lease Right-of-Use Assets | $ 1,606.0 | 0.0 | $ 0.0 |
| Other Assets | 383.6 | 400.9 | 364.6 |
| Liabilities | |||
| Accrued expenses | 789.5 | 891.6 | 754.3 |
| Current portion of operating lease liabilities | 334.3 | 0.0 | 0.0 |
| Long-Term Portion of Operating Lease Liabilities | 1,499.4 | 0.0 | 0.0 |
| Other Liabilities | 1,128.3 | 1,322.4 | 1,408.2 |
| Equity | |||
| Retained earnings | $ 4,423.3 | 4,350.1 | $ 3,788.8 |
| Adjusted [Member] | |||
| Assets | |||
| Prepaid expenses | 147.4 | ||
| Operating Lease Right-of-Use Assets | 1,708.2 | ||
| Other Assets | 390.6 | ||
| Liabilities | |||
| Accrued expenses | 874.6 | ||
| Current portion of operating lease liabilities | 350.5 | ||
| Long-Term Portion of Operating Lease Liabilities | 1,514.1 | ||
| Other Liabilities | 1,154.5 | ||
| Equity | |||
| Retained earnings | 4,347.0 | ||
| Effects of Accounting Standards Update 2016-02 [Member] | |||
| Assets | |||
| Prepaid expenses | (21.3) | ||
| Operating Lease Right-of-Use Assets | 1,708.2 | ||
| Other Assets | (10.3) | ||
| Liabilities | |||
| Accrued expenses | (17.0) | ||
| Current portion of operating lease liabilities | 350.5 | ||
| Long-Term Portion of Operating Lease Liabilities | 1,514.1 | ||
| Other Liabilities | (167.9) | ||
| Equity | |||
| Retained earnings | $ (3.1) |
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of lessee's right to use underlying asset under operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
OTHER COMMENTS Additional Information (Details) - Wuxi Jinmao Foreign Trade Co. [Member] - USD ($) $ in Millions |
3 Months Ended | 46 Months Ended | 72 Months Ended | |||
|---|---|---|---|---|---|---|
May 05, 2019 |
May 06, 2018 |
Sep. 30, 2026 |
Nov. 28, 2022 |
Feb. 03, 2019 |
Nov. 29, 2016 |
|
| Loans and Leases Receivable Disclosure [Line Items] | ||||||
| Loan Receivable from Supplier | $ 13.4 | $ 13.7 | $ 13.8 | $ 13.8 | ||
| Loans Receivable, Fixed Interest Rate | 4.50% | |||||
| Loans Receivable, Basis Spread on Variable Rate, During Period | 4.00% | |||||
| Proceeds from Collection of Loan Receivable from Supplier | $ 0.2 | $ 0.1 | ||||
| X | ||||||||||
- Definition Loan Receivable from Supplier No definition available.
|
| X | ||||||||||
- Definition Loans Receivable, Fixed Interest Rate No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The percentage points added to the reference rate or index during the adjustment period to compute the variable [fully indexed] rate on the loans receivable realized during the reporting period. This may be an effective margin for the period depending on the specific terms of the underlying loan agreement (for example, an annual disclosure for a loan with a quarterly adjustment period). No definition available.
|
| X | ||||||||||
- Definition The cash inflow associated with the collection, including prepayments, of loans receivable issued for financing of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
OTHER COMMENTS Warehousing and Distribution (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
May 05, 2019 |
May 06, 2018 |
|
| Warehousing and Distribution [Line Items] | ||
| Warehousing and distribution expense | $ 77.1 | $ 70.0 |
| X | ||||||||||
- Definition [Line Items] for Warehousing and Distribution [Table] No definition available.
|
| X | ||||||||||
- Definition Amount of expense related to the production and distribution of goods or services to customers and clients. No definition available.
|
SUBSEQUENT EVENTS (Details) - Australia Acquisition [Member] $ in Millions, $ in Millions |
May 31, 2019
USD ($)
|
May 31, 2019
AUD ($)
|
|---|---|---|
| Subsequent Event [Line Items] | ||
| Business Acquisition, Percentage of Voting Interests Acquired | 78.00% | 78.00% |
| Payments to Acquire Business | $ 86 | $ 124 |
| X | ||||||||||
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
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| X | ||||||||||
- Details
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