Cost of goods sold (exclusive of depreciation and amortization)

^[1]

$ 2,364.2

$ 2,333.7

$ 4,720.5

$ 4,648.3

1,075.8

1,036.7

2,136.2

2,060.3

Gross profit

1,288.4

1,297.0

2,584.3

2,588.0

Selling, general and administrative expenses

1,154.5

1,071.5

2,316.0

2,124.5

1.9

2.6

4.1

5.1

Equity in net income of unconsolidated affiliates

0.0

5.2

0.0

Other noncash gain

113.1

0.0

113.1

0.0

0.9

3.3

4.6

7.1

Income before interest and taxes

^[2]

249.8

231.4

384.9

475.7

Interest expense

28.3

30.3

59.3

59.7

Interest income

1.3

1.2

2.4

2.2

Income before taxes

222.8

202.3

328.0

418.2

Income tax expense

29.7

37.6

53.3

74.6

Net Income

193.1

164.7

274.7

343.6

Less: Net loss attributable to redeemable non-controlling interest

(0.4)

(0.5)

(0.8)

(1.0)

Net income attributable to PVH Corp.

$ 193.5

$ 165.2

$ 275.5

$ 344.6

Basic net income per common share attributable to PVH Corp.

$ 2.59

$ 2.15

$ 3.67

$ 4.47

Diluted net income per common share attributable to PVH Corp.

$ 2.58

$ 2.12

$ 3.65

$ 4.42

Net sales

$ 2,249.0

$ 2,223.2

$ 4,486.3

$ 4,416.7

Royalty revenue

Advertising and other revenue

85.8

81.5

175.2

170.9

Adjustments to reconcile to net cash used by operating activities:

$ 29.4

$ 29.0

$ 59.0

$ 60.7

[1]	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2]	Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Net income	$ 193.1	$ 164.7	$ 274.7	$ 343.6
Foreign currency translation adjustments	(30.7)	(165.9)	(142.3)	(338.1)
Net unrealized and realized (loss) gain related to effective cash flow hedges, net of tax	(0.5)	40.9	12.9	91.0
Net gain on net investment hedges, net of tax	3.5	26.9	25.9	63.9
Total other comprehensive loss	(27.7)	(98.1)	(103.5)	(183.2)
Comprehensive income	165.4	66.6	171.2	160.4
Less: Comprehensive loss attributable to redeemable non-controlling interest	(0.4)	(0.5)	(0.8)	(1.0)
Comprehensive income attributable to PVH Corp.	$ 165.8	$ 67.1	$ 172.0	$ 161.4

Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 04, 2019	Feb. 03, 2019	Aug. 05, 2018
Current Assets:
Cash and cash equivalents	$ 433.5	$ 452.0	$ 431.1
Trade receivables, net of allowances for doubtful accounts of $22.2, $21.6 and $21.3	781.0	777.8	710.4
Other receivables	27.9	26.0	21.2
Inventories, net	1,862.1	1,732.4	1,731.0
Prepaid expenses	183.3	168.7	193.0
Other	110.8	81.7	79.3
Total Current Assets	3,398.6	3,238.6	3,166.0
Property, Plant and Equipment, net	973.4	984.5	881.3
Operating Lease Right-of-Use Assets	1,660.7	0.0	0.0
Goodwill	3,736.9	3,670.5	3,678.8
Tradenames	2,834.5	2,863.7	2,873.1
Other Intangibles, net	889.7	705.5	732.7
Other Assets, including deferred taxes of $27.8, $40.5 and $12.9	327.1	400.9	365.8
Total Assets	13,820.9	11,863.7	11,697.7
Current Liabilities:
Accounts payable	930.2	924.2	922.6
Accrued expenses	859.0	891.6	766.7
Deferred revenue	68.9	65.3	61.0
Current portion of operating lease liabilities	345.2	0.0	0.0
Short-term borrowings	183.2	12.8	85.4
Current portion of long-term debt	41.2	0.0	0.0
Total Current Liabilities	2,427.7	1,893.9	1,835.7
Long-Term Portion of Operating Lease Liabilities	1,535.5	0.0	0.0
Long-Term Debt	2,743.0	2,819.4	2,893.5
Other Liabilities, including deferred taxes of $599.1, $565.2 and $649.3	1,243.6	1,322.4	1,402.1
Redeemable Non-Controlling Interest	(0.6)	0.2	1.0
Stockholders' Equity:
Preferred stock, par value $100 per share; 150,000 total shares authorized	0.0	0.0	0.0
Common stock, par value $1 per share; 240,000,000 shares authorized; 85,865,984; 85,446,141 and 85,435,779 shares issued	85.9	85.4	85.4
Additional paid in capital - common stock	3,047.0	3,017.3	2,987.6
Retained earnings	4,614.0	4,350.1	3,951.1
Accumulated other comprehensive loss	(611.4)	(507.9)	(504.7)
Less: 11,414,035; 10,042,510 and 8,721,052 shares of common stock held in treasury, at cost	(1,263.8)	(1,117.1)	(954.0)
Total Stockholders' Equity	5,871.7	5,827.8	5,565.4
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity	$ 13,820.9	$ 11,863.7	$ 11,697.7

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Aug. 04, 2019	Feb. 03, 2019	Aug. 05, 2018
Current Assets:
Allowance for doubtful accounts	$ 22.2	$ 21.6	$ 21.3
Other Assets:
Other assets, deferred taxes	27.8	40.5	12.9
Liabilities:
Other liabilities, deferred taxes	$ 599.1	$ 565.2	$ 649.3
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)	85,865,984	85,446,141	85,435,779
Shares of common stock held in treasury, at cost (in shares)	11,414,035	10,042,510	8,721,052

Consolidated Statements of Cash Flows - USD ($)
$ in Millions

6 Months Ended

Aug. 04, 2019

Aug. 05, 2018

OPERATING ACTIVITIES

Net income

$ 274.7

$ 343.6

Depreciation and amortization

154.9

166.2

Equity in net income of unconsolidated affiliates

(4.6)

(7.1)

Deferred taxes

(20.6)

(7.0)

Stock-based compensation expense

28.3

26.8

Impairment of long-lived assets

87.8

0.0

Changes in operating assets and liabilities:

5.2

0.0

Other noncash gain

(113.1)

0.0

Trade receivables, net

(4.4)

(80.2)

Other receivables

(0.6)

15.5

Inventories, net

(66.6)

(208.3)

Accounts payable, accrued expenses and deferred revenue

(1.3)

5.5

Prepaid expenses

(37.0)

(15.8)

Contingent purchase price payments to Mr. Calvin Klein

0.0

(15.9)

Other, net

15.2

87.6

Net cash provided by operating activities

317.9

310.9

INVESTING ACTIVITIES

Acquisitions, net of cash acquired

(192.3)

(15.9)

Purchases of property, plant and equipment

(150.5)

(164.9)

Proceeds from sale of building

59.4

0.0

Net cash used by investing activities

^[1]

(283.4)

(180.8)

FINANCING ACTIVITIES

Net proceeds from short-term borrowings

119.9

65.9

Proceeds from 2019 facilities, net of related fees

1,639.8

0.0

Repayment of 2016 facilities

(1,649.3)

(85.0)

Net proceeds from settlement of awards under stock plans

1.9

20.4

Cash dividends

(8.5)

(8.8)

Acquisition of treasury shares

(144.7)

(162.1)

Payments of finance lease liabilities

(2.9)

(2.6)

Net cash provided by financing activities

^[1]

(43.8)

(172.2)

Effect of exchange rate changes on cash and cash equivalents

(9.2)

(20.7)

Decrease in cash and cash equivalents

(18.5)

(62.8)

Cash and cash equivalents at beginning of period

452.0

493.9

Cash and cash equivalents at end of period

$ 433.5

$ 431.1

[1]	See Note 19 for information on Noncash Investing and Financing Transactions.

Consolidated Statements of Changes in Stockholders' Equity Statement - USD ($) $ in Millions	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid in Capital - Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Redeemable Non-Controlling Interest [Member]	Total Stockholders' Equity
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			84,851,079
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to PVH Corp.					179.4				179.4
Foreign currency translation adjustments						(172.2)			(172.2)
Net gain on net investment hedges, net of tax						37.0			37.0
Net unrealized and realized gain related to effective cash flow hedges, net of tax						50.1			50.1
Comprehensive income attributable to PVH Corp.									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)			481,647
Settlement of awards under stock plans			$ 0.4	12.8					13.2
Stock-based compensation expense				11.6					11.6
Cash dividends					(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		0.0	$ 85.3	2,965.6	3,788.8	(406.6)	(868.5)		5,564.6
Balance (in shares) at May. 06, 2018			85,332,726
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			84,851,079
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to PVH Corp.	$ 344.6
Foreign currency translation adjustments	(338.1)
Net gain on net investment hedges, net of tax	(63.9)
Net unrealized and realized gain related to effective cash flow hedges, net of tax	91.0
Comprehensive income attributable to PVH Corp.	161.4
Balance at Aug. 05, 2018	$ 5,565.4	0.0	$ 85.4	2,987.6	3,951.1	(504.7)	(954.0)		5,565.4
Balance (in shares) at Aug. 05, 2018	85,435,779		85,435,779
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redeemable Non-Controlling Interest								1.5
Balance at May. 06, 2018		0.0	$ 85.3	2,965.6	3,788.8	(406.6)	(868.5)		5,564.6
Balance (in shares) at May. 06, 2018			85,332,726
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to PVH Corp.	$ 165.2				165.2				165.2
Foreign currency translation adjustments	(165.9)					(165.9)			(165.9)
Net gain on net investment hedges, net of tax	(26.9)					26.9			26.9
Net unrealized and realized gain related to effective cash flow hedges, net of tax	40.9					40.9			40.9
Comprehensive income attributable to PVH Corp.	67.1								67.1
Settlement of awards under stock plans (in shares)			103,053
Settlement of awards under stock plans			$ 0.1	6.8					6.9
Stock-based compensation expense				15.2					15.2
Cash dividends					(2.9)				(2.9)
Acquisition of treasury shares during period							(85.5)		(85.5)
Net loss attributable to redeemable non-controlling interest								(0.5)
Balance at Aug. 05, 2018	$ 5,565.4	0.0	$ 85.4	2,987.6	3,951.1	(504.7)	(954.0)		5,565.4
Balance (in shares) at Aug. 05, 2018	85,435,779		85,435,779
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redeemable Non-Controlling Interest	$ 1.0							1.0
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	85,446,141		85,446,141
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to PVH Corp.					82.0				82.0
Foreign currency translation adjustments						(111.6)			(111.6)
Net gain on net investment hedges, net of tax						22.4			22.4
Net unrealized and realized gain related to effective cash flow hedges, net of tax						13.4			13.4
Comprehensive income attributable to PVH Corp.									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)			371,129
Settlement of awards under stock plans			$ 0.4	1.5					1.9
Stock-based compensation expense				13.9					13.9
Cash dividends					(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		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			85,817,270
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	85,446,141		85,446,141
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to PVH Corp.	$ 275.5
Foreign currency translation adjustments	(142.3)
Net gain on net investment hedges, net of tax	(25.9)
Net unrealized and realized gain related to effective cash flow hedges, net of tax	12.9
Comprehensive income attributable to PVH Corp.	172.0
Balance at Aug. 04, 2019	$ 5,871.7	0.0	$ 85.9	3,047.0	4,614.0	(611.4)	(1,263.8)		5,871.7
Balance (in shares) at Aug. 04, 2019	85,865,984		85,865,984
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redeemable Non-Controlling Interest								(0.2)
Balance at May. 05, 2019		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			85,817,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to PVH Corp.	$ 193.5				193.5				193.5
Foreign currency translation adjustments	(30.7)					(30.7)			(30.7)
Net gain on net investment hedges, net of tax	(3.5)					3.5			3.5
Net unrealized and realized gain related to effective cash flow hedges, net of tax	(0.5)					(0.5)			(0.5)
Comprehensive income attributable to PVH Corp.	165.8								165.8
Settlement of awards under stock plans (in shares)			48,714
Settlement of awards under stock plans			$ 0.1	(0.1)					0.0
Stock-based compensation expense				14.4					14.4
Cash dividends					(2.8)				(2.8)
Acquisition of treasury shares during period							(67.2)		(67.2)
Net loss attributable to redeemable non-controlling interest								(0.4)
Balance at Aug. 04, 2019	$ 5,871.7	$ 0.0	$ 85.9	$ 3,047.0	$ 4,614.0	$ (611.4)	$ (1,263.8)		$ 5,871.7
Balance (in shares) at Aug. 04, 2019	85,865,984		85,865,984
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redeemable Non-Controlling Interest	$ (0.6)							$ (0.6)

Consolidated Statements of Changes in Stockholders' Equity CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (parenthetical) - USD ($) $ in Millions	3 Months Ended
	Aug. 04, 2019	May 05, 2019	Aug. 05, 2018	May 06, 2018
Statement of Stockholders' Equity [Abstract]
Net gain on net investment hedges, tax expense	$ 1.1	$ 7.2	$ 8.8	$ 12.0
Net unrealized and realized gain related to effective cash flow hedges, tax (benefit) expense	$ (1.8)	$ 0.4	$ 1.6	$ 2.7
Cash dividends paid per share	$ 0.0375	$ 0.0750	$ 0.0375	$ 0.0750
Acquisition of treasury shares, number of shares repurchased	711,895	659,630	553,837	494,898

GENERAL	6 Months Ended
GENERAL	Aug. 04, 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, to a lesser extent, 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 and twenty-six weeks ended August 4, 2019 and August 5, 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.

REVENUE (Notes)

6 Months Ended

Aug. 04, 2019

Revenue [Abstract]

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 August 4, 2019, the contractual minimum fees on the portion of all license agreements not yet satisfied totaled $1.2 billion, of which the Company expects to recognize $129.5 million as revenue during the remainder of 2019, $235.4 million in 2020 and $792.9 million thereafter.

Deferred Revenue

Changes in deferred revenue related to customer loyalty programs, gift cards and license agreements for the twenty-six weeks ended August 4, 2019 and August 5, 2018 were as follows:



(In millions)	Twenty-Six Weeks Ended
	8/4/19			8/5/18
Deferred revenue balance at beginning of period	$	65.3		$	39.2
Impact of adopting the new revenue standard	—			15.6
Net additions to deferred revenue during the period	63.4			54.2
Reductions in deferred revenue for revenue recognized during the period ⁽¹⁾	(59.8		)	(48.0		)
Deferred revenue balance at end of period	$	68.9		$	61.0

⁽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. These amounts include $8.4 million and $8.5 million of revenue recognized during the thirteen weeks ended August 4, 2019 and August 5, 2018, respectively.

The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $1.9 million, $2.3 million and $2.8 million as of August 4, 2019, February 3, 2019 and August 5, 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 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.

ACQUISITIONS

6 Months Ended

Aug. 04, 2019

Business Combinations [Abstract]

ACQUISITIONS

TH CSAP Acquisition

The Company acquired on July 1, 2019 the Tommy Hilfiger retail business in Central and Southeast Asia from the Company’s previous licensee in these markets (the “TH CSAP acquisition”). As a result of the TH CSAP acquisition, the Company now operates directly the Tommy Hilfiger retail business in these markets.

The acquisition date fair value of the consideration paid was $74.2 million. The estimated fair value of the assets acquired consisted of $63.5 million of goodwill and $10.7 million of other assets. The goodwill of $63.5 million was assigned as of the acquisition date to the Company’s Tommy Hilfiger International segment, which is the Company’s reporting unit that is expected to benefit from the synergies of the combination. Goodwill is not expected to be deductible for tax purposes. The Company is still in the process of finalizing the valuation of the assets acquired; thus, the allocation of the acquisition consideration is subject to change.

Australia Acquisition

The Company acquired on May 31, 2019 the approximately 78% ownership interests in Gazal Corporation Limited (“Gazal”) that it did not already own (the “Australia acquisition”). Prior to the Australia acquisition, the Company and Gazal jointly owned and managed a joint venture, PVH Brands Australia Pty. Limited (“PVH Australia”), with each owning a 50% interest.

PVH Australia licensed and operated 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 Company now operates directly the Tommy Hilfiger, Calvin Klein and Van Heusen businesses in this region.

Prior to May 31, 2019, the Company accounted for its approximately 22% interest in Gazal and its 50% interest in PVH Australia under the equity method of accounting. Following the completion of the Australia acquisition, the results of Gazal and PVH Australia have been consolidated in the Company’s consolidated financial statements.

Gain on Previously Held Equity Investments

The carrying values of the Company’s approximately 22% interest in Gazal and 50% interest in PVH Australia prior to the acquisition were $16.5 million and $41.9 million, respectively. In connection with the acquisition, these investments were remeasured to fair values of $40.1 million and $131.4 million, respectively, resulting in the recognition of an aggregate noncash gain of $113.1 million during the second quarter of 2019, which was included in other noncash gain in the Company’s Consolidated Income Statements.

The fair value of the Company’s investment in Gazal was determined using the trading price of Gazal’s common stock, which was listed on the Australian Securities Exchange, on the date of the acquisition. The Company classified this as a Level 1 fair value measurement due to the use of an unadjusted quoted price in an active market. The fair value of Gazal included the fair value of Gazal’s 50% interest in PVH Australia. As such, the Company derived the fair value of its investment in PVH Australia from the fair value of Gazal by adjusting for (i) Gazal’s non-operating assets and net debt position and (ii) the estimated future operating cash flows of Gazal’s standalone operations, which were discounted at a rate of 12.5% to account for the relative risks of the estimated future cash flows. The Company classified this as a Level 3 fair value measurement due to the use of significant unobservable inputs.

Mandatorily Redeemable Non-Controlling Interest

Pursuant to the terms of the acquisition agreement, key members of Gazal and PVH Australia management exchanged a portion of their interests in Gazal for approximately 6% of the outstanding shares in the previously wholly owned subsidiary of the Company that acquired 100% of the ownership interests in the Australia business. The Company is obligated to purchase this 6% interest within two years of the acquisition closing in two tranches as follows: tranche 1- 50% of the shares one year after the closing, but up to half of this tranche may be deferred at the holders’ option to tranche 2; and tranche 2- all remaining shares two years after the closing. The purchase price for the tranche 1 and tranche 2 shares is based on a multiple of the subsidiary’s adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) less net debt as of the end of the measurement year, and the multiple varies depending on the level of EBITDA compared to a target.

The Company recognized a liability of $26.2 million for the fair value of the 6% interest on the date of the acquisition, which is being accounted for as a mandatorily redeemable non-controlling interest. The fair value of the liability was determined using a Monte Carlo simulation model, which utilizes inputs, including the volatility of financial results, in order to model the probability of different outcomes. The Company classified this as a Level 3 fair value measurement due to the use of significant unobservable inputs. In subsequent periods, the liability for the mandatorily redeemable non-controlling interest is adjusted each reporting period to its redemption value based on conditions that exist as of each subsequent balance sheet date. The Company reflects any adjustment in the redemption value in interest expense in the Company’s Consolidated Income Statement. The liability for the mandatorily redeemable non-controlling interest was $25.7 million based on exchange rates in effect on August 4, 2019, of which $12.4 million is included in accrued expenses and $13.3 million is included in other liabilities in the Company’s Consolidated Balance Sheet.

Fair Value of the Acquisition

The acquisition date fair value of the business acquired was $324.6 million, consisting of:



(In millions)
Cash consideration	$	124.7
Fair value of the Company’s investment in PVH Australia	131.4
Fair value of the Company’s investment in Gazal	40.1
Fair value of mandatorily redeemable non-controlling interest	26.2
Elimination of pre-acquisition receivable owed to the Company	2.2
Total acquisition date fair value of the business acquired	$	324.6

Allocation of the Acquisition Date Fair Value

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:



(In millions)
Cash and cash equivalents	$	6.6
Trade receivables	15.1
Inventories	88.2
Prepaid expenses	1.3
Other current assets	3.5
Assets held for sale	58.8
Property, plant and equipment	18.4
Goodwill	68.6
Intangible assets	222.2
Operating lease right-of-use assets	53.2
Total assets acquired	535.9
Accounts payable	14.4
Accrued expenses	23.5
Short-term borrowings	50.5
Current portion of operating lease liabilities	10.4
Long-term portion of operating lease liabilities	41.2
Deferred tax liability	69.6
Other liabilities	1.7
Total liabilities assumed	211.3
Total acquisition date fair value of the business acquired	$	324.6

Prior to the closing of the Australia acquisition, Gazal had entered into an agreement to sell an office building and warehouse to a third party and, as such, the building was classified as held for sale on the acquisition date. The building was subsequently sold to a third party and leased back to the Company in June 2019. Please see Note 16, “Leases,” for further discussion of this sale-leaseback transaction.

The goodwill of $68.6 million was assigned as of the acquisition date to the Company’s Tommy Hilfiger International and Calvin Klein International segments in the amounts of $58.5 million and $10.1 million, respectively, which include the Company’s reporting units that are expected to benefit from the synergies of the combination. Goodwill will not be deductible for tax purposes. The other intangible assets of $222.2 million consisted of reacquired license rights of $204.9 million, which are indefinite lived, and order backlog of $0.3 million and customer relationships of $17.0 million, which are subject to amortization on a straight-line basis over 0.5 years and 10.0 years, respectively. The Company is still in the process of finalizing the valuation of the assets and liabilities assumed; thus, the allocation of the acquisition date fair value is subject to change.

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.

REDEEMABLE NON-CONTROLLING INTEREST	6 Months Ended
REDEEMABLE NON-CONTROLLING INTEREST	Aug. 04, 2019
Redeemable Non-Controlling Interest [Abstract]
REDEEMABLE NON-CONTROLLING INTEREST	REDEEMABLE NON-CONTROLLING INTEREST The Company and Arvind formed PVH Ethiopia, in which the Company owns a 75% interest, during 2016. 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 EBITDA 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 August 4, 2019 was $(0.6) 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 twenty-six weeks ended August 4, 2019 of $0.8 million. The carrying amount of the RNCI as of August 5, 2018 was $1.0 million.

RETIREMENT AND BENEFIT PLANS

6 Months Ended

Aug. 04, 2019

RETIREMENT AND BENEFIT PLANS

The Company, as of August 4, 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:


–	A plan for certain current and former members of Tommy Hilfiger’s domestic senior management. The plan is frozen and, as a result, participants do not accrue additional benefits.

–

A capital accumulation program for certain current and former senior executives. Under the individual participants’ agreements, the participants in the program will receive a predetermined amount during the ten years following the attainment of age 65, provided that prior to the termination of employment with the Company, the participant has been in the plan for at least ten years and has attained age 55.


–	A plan for certain employees resident in the United States who meet certain age and service requirements that provides benefits for compensation in excess of Internal Revenue Service earnings limits and requires payments to vested employees upon, or shortly after, employment termination or retirement.

The Company refers to these three plans as its “SERP Plans.”

The components of net benefit cost recognized were as follows:



	Pension Plans						Pension Plans
	Thirteen Weeks Ended						Twenty-Six Weeks Ended
(In millions)	8/4/19			8/5/18			8/4/19			8/5/18

Service cost	$	8.5		$	8.6		$	16.7		$	16.9
Interest cost	7.1			6.5			14.0			13.0
Expected return on plan assets	(10.1		)	(10.1		)	(20.2		)	(20.1		)
Total	$	5.5		$	5.0		$	10.5		$	9.8



	SERP Plans				SERP Plans
	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(In millions)	8/4/19		8/5/18		8/4/19		8/5/18

Service cost	$	1.4	$	1.6	$	2.9	$	2.9
Interest cost	1.1		1.0		2.1		2.0
Total	$	2.5	$	2.6	$	5.0	$	4.9

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 and twenty-six weeks ended August 4, 2019 and August 5, 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.

DEBT

6 Months Ended

Aug. 04, 2019

Debt Disclosure [Abstract]

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 $115.0 million outstanding under these facilities as of August 4, 2019. The weighted average interest rate on funds borrowed as of August 4, 2019 was 3.61%. The maximum amount of revolving borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2019 was $378.4 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, which now include a facility in Australia as a result of the Australia acquisition, provided for borrowings of up to $133.8 million based on exchange rates in effect on August 4, 2019 and are utilized primarily to fund working capital needs. The Company had $68.2 million outstanding under these facilities as of August 4, 2019, inclusive of borrowings under the facility in Australia. The weighted average interest rate on funds borrowed as of August 4, 2019 was 2.19%. The maximum amount of borrowings outstanding under these facilities during the twenty-six weeks ended August 4, 2019 was $99.5 million.

Long-Term Debt

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



(In millions)	8/4/19		2/3/19		8/5/18

Senior unsecured Term Loan A facilities due 2024 ⁽¹⁾⁽²⁾	$	1,642.0	$	—	$	—
Senior secured Term Loan A facility due 2021	—		1,643.8		1,707.9
7 3/4% debentures due 2023	99.6		99.6		99.6
3 5/8% senior unsecured euro notes due 2024 ⁽²⁾	384.3		396.5		400.1
3 1/8% senior unsecured euro notes due 2027 ⁽²⁾	658.3		679.5		685.9
Total	2,784.2		2,819.4		2,893.5
Less: Current portion of long-term debt	41.2		—		—
Long-term debt	$	2,743.0	$	2,819.4	$	2,893.5

⁽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 August 4, 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 August 4, 2019, February 3, 2019 and August 5, 2018.

As of August 4, 2019, the Company’s mandatory long-term debt repayments for the remainder of 2019 through 2024 were as follows:



(In millions)
Fiscal Year	Amount ⁽¹⁾
Remainder of 2019	$	20.6
2020	41.2
2021	61.8
2022	103.0
2023	223.6
2024	1,686.9

⁽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 August 4, 2019 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discounts.

As of August 4, 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 paid 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 and have a portion 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 $1,642.0 million, net of debt issuance costs and based on applicable exchange rates, under the TLA facilities, $115.0 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 August 4, 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 twenty-six weeks ended August 4, 2019, other than the repayment of the 2016 facilities in connection with the refinancing of the senior credit facilities. The Company made payments of $85.0 million during the twenty-six weeks ended August 5, 2018 on its term loans under the 2016 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.

Borrowings available in Hong Kong dollars 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 twenty-six weeks ended August 4, 2019 and/or August 5, 2018:



(In millions)
Designation Date	Commencement Date	Initial Notional Amount		Notional Amount Outstanding as of August 4, 2019		Fixed Rate	Expiration Date
June 2019	February 2020	$	50.0	$	—	1.409%	February 2022
June 2019	June 2019	50.0		50.0		1.719%	July 2021
January 2019	February 2020	50.0		—		2.4187%	February 2021
November 2018	February 2019	139.2		139.1		2.8645%	February 2021
October 2018	February 2019	115.7		178.3		2.9975%	February 2021
June 2018	August 2018	50.0		50.0		2.6825%	February 2021
June 2017	February 2018	306.5		119.0		1.566%	February 2020
July 2014	February 2016	682.6		—		1.924%	February 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; 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 August 4, 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.

DERIVATIVE FINANCIAL INSTRUMENTS

6 Months Ended

Aug. 04, 2019

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, “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, “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 $1,187.0 million and $1,042.6 million, respectively, as of August 4, 2019, $1,098.3 million and $1,076.0 million, respectively, as of February 3, 2019 and $1,133.3 million and $1,086.0 million, respectively, as of August 5, 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:



(In millions)	Assets												Liabilities
	8/4/19				2/3/19				8/5/18				8/4/19				2/3/19				8/5/18
	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	36.0	$	0.7	$	24.0	$	0.7	$	24.7	$	2.0	$	1.6	$	0.1	$	3.5	$	0.7	$	2.1	$	0.1
Interest rate swap agreements	0.3		—		1.4		—		1.8		0.9		4.1		2.9		1.2		1.6		0.1		—
Total contracts designated as cash flow hedges	36.3		0.7		25.4		0.7		26.5		2.9		5.7		3.0		4.7		2.3		2.2		0.1
Undesignated contracts:
Foreign currency forward exchange contracts	3.8		—		0.1		—		0.8		—		2.2		—		2.0		—		1.2		—
Total	$	40.1	$	0.7	$	25.5	$	0.7	$	27.3	$	2.9	$	7.9	$	3.0	$	6.7	$	2.3	$	3.4	$	0.1

The notional amount outstanding of foreign currency forward exchange contracts was $1,296.8 million at August 4, 2019. Such contracts expire principally between August 2019 and November 2020.

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



	Gain (Loss) Recognized in Other Comprehensive (Loss) Income

(In millions)
Thirteen Weeks Ended	8/4/19			8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	12.4		$	37.0
Interest rate swap agreements	(4.0		)	0.2
Foreign currency borrowings (net investment hedges)	4.6			35.7
Total	$	13.0		$	72.9

Twenty-Six Weeks Ended	8/4/19			8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	42.5		$	66.4
Interest rate swap agreements	(5.1		)	0.7
Foreign currency borrowings (net investment hedges)	34.2			84.7
Total	$	71.6		$	151.8



	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense), Consolidated Income Statement Location, and Total Amount of Consolidated Income Statement Line Item
(In millions)	Amount Reclassified					Location	Total Income Statement Amount
Thirteen Weeks Ended	8/4/19		8/5/18				8/4/19		8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	10.7	$	(5.7	)	Cost of goods sold	$	1,075.8	$	1,036.7
Interest rate swap agreements	0.0		0.4			Interest expense	28.3		30.3
Total	$	10.7	$	(5.3	)

Twenty-Six Weeks Ended	8/4/19		8/5/18				8/4/19		8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	25.7	$	(28.6	)	Cost of goods sold	$	2,136.2	$	2,060.3
Interest rate swap agreements	0.2		0.4			Interest expense	59.3		59.7
Total	$	25.9	$	(28.2	)

A net gain in AOCL on foreign currency forward exchange contracts at August 4, 2019 of $47.2 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 August 4, 2019 of $3.8 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:



(In millions)	Gain Recognized in Income
Thirteen Weeks Ended	8/4/19		8/5/18
Foreign currency forward exchange contracts	$	0.8	$	0.5

Twenty-Six Weeks Ended	8/4/19		8/5/18
Foreign currency forward exchange contracts	$	0.7	$	0.0

The Company had no derivative financial instruments with credit risk-related contingent features underlying the related contracts as of August 4, 2019.

FAIR VALUE MEASUREMENTS

6 Months Ended

Aug. 04, 2019

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:



	8/4/19						2/3/19						8/5/18
(In millions)	Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total
Assets:
Foreign currency forward exchange contracts	N/A	$	40.5	N/A	$	40.5	N/A	$	24.8	N/A	$	24.8	N/A	$	27.5	N/A	$	27.5
Interest rate swap agreements	N/A	0.3		N/A	0.3		N/A	1.4		N/A	1.4		N/A	2.7		N/A	2.7
Total Assets	N/A	$	40.8	N/A	$	40.8	N/A	$	26.2	N/A	$	26.2	N/A	$	30.2	N/A	$	30.2

Liabilities:
Foreign currency forward exchange contracts	N/A	$	3.9	N/A	$	3.9	N/A	$	6.2	N/A	$	6.2	N/A	$	3.4	N/A	$	3.4
Interest rate swap agreements	N/A	7.0		N/A	7.0		N/A	2.8		N/A	2.8		N/A	0.1		N/A	0.1
Total Liabilities	N/A	$	10.9	N/A	$	10.9	N/A	$	9.0	N/A	$	9.0	N/A	$	3.5	N/A	$	3.5

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 twenty-six weeks ended August 4, 2019, and the total impairments recorded as a result of the remeasurement process:

(In millions)

Fair Value Measurement Using

Fair Value
As Of
Impairment Date

Total
Impairments

Level 1

Level 2

Level 3

Operating lease right-of-use assets

N/A

16.8

77.0

Property, plant and equipment, net

N/A

—

10.8

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 twenty-six weeks ended August 4, 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 $10.8 million was written down to a fair value of zero during the twenty-six weeks ended August 4, 2019 in connection with the TH U.S. store closures, the closure of the Company’s CALVIN KLEIN 205 W39 NYC brand (formerly Calvin Klein Collection), and the financial performance in certain of the Company’s retail stores, including certain CALVIN KLEIN stores affected by the realignment of the Calvin Klein creative direction globally. 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 $87.8 million of impairment charges was included in SG&A expenses, of which $49.6 million was recorded in the Tommy Hilfiger North America segment, $32.6 million was recorded in the Calvin Klein North America segment and $5.6 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:



	8/4/19				2/3/19				8/5/18
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value

Cash and cash equivalents	$	433.5	$	433.5	$	452.0	$	452.0	$	431.1	$	431.1
Short-term borrowings	183.2		183.2		12.8		12.8		85.4		85.4
Long-term debt (including portion classified as current)	2,784.2		2,949.6		2,819.4		2,853.7		2,893.5		2,955.4

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.

Share-based Payment Arrangement [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

STOCK-BASED COMPENSATION

6 Months Ended

Aug. 04, 2019

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 August 4, 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 twenty-six weeks ended August 4, 2019 and August 5, 2018 included $28.3 million and $26.8 million, respectively, of pre-tax expense related to stock-based compensation, with related recognized income tax benefits of $3.4 million and $5.3 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 twenty-six weeks ended August 4, 2019 and August 5, 2018 were $8.5 million and $13.1 million, respectively. The tax benefits realized included discrete net excess tax benefits of $1.1 million and $4.9 million recognized in the Company’s provision for income taxes during the twenty-six weeks ended August 4, 2019 and August 5, 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 twenty-six weeks ended August 4, 2019 and August 5, 2018 and the resulting weighted average grant date fair value per stock option:



	8/4/19			8/5/18
Weighted average risk-free interest rate	2.15		%	2.78		%
Weighted average expected stock option term (in years)	6.25			6.25
Weighted average Company volatility	29.88		%	26.92		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per stock option	$	37.14		$	51.66

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 twenty-six weeks ended August 4, 2019 was as follows:



(In thousands, except per stock option data)	Stock Options	Weighted Average Exercise Price Per Stock Option
Outstanding at February 3, 2019	791	$	107.81
Granted	169	111.92
Exercised	24	78.96
Cancelled	17	123.32
Outstanding at August 4, 2019	919	$	109.03
Exercisable at August 4, 2019	605	$	105.88

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 twenty-six weeks ended August 4, 2019 was as follows:



(In thousands, except per RSU data)	RSUs	Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 3, 2019	847	$	122.97
Granted	595	110.67
Vested	336	116.10
Cancelled	49	125.87
Non-vested at August 4, 2019	1,057	$	118.09

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 twenty-six weeks ended August 4, 2019 and August 5, 2018 and the resulting weighted average grant date fair value per PSU:



	8/4/19			8/5/18
Risk-free interest rate	2.13		%	2.62		%
Expected Company volatility	30.25		%	29.78		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per PSU	$	119.46		$	159.53

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 twenty-six weeks ended August 4, 2019 was as follows:



(In thousands, except per PSU data)	PSUs	Weighted Average Grant Date Fair Value Per PSU
Non-vested at February 3, 2019	194	$	106.76
Granted at target	72	119.46
Reduction due to market condition achieved below target	10	87.16
Vested	67	87.16
Cancelled	8	117.27
Non-vested at August 4, 2019	181	$	119.63

ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Aug. 04, 2019

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 twenty-six weeks ended August 4, 2019 and August 5, 2018:



(In millions)	Foreign currency translation adjustments				Net unrealized and realized gain on effective cash flow hedges		Total
Balance, February 3, 2019	$	(537.6	)		$	29.7	$	(507.9	)
Other comprehensive (loss) income before reclassifications	(116.4		)	⁽¹⁾⁽²⁾	37.3		(79.1		)
Less: Amounts reclassified from AOCL	—				24.4		24.4
Other comprehensive (loss) income	(116.4		)		12.9		(103.5		)
Balance, August 4, 2019	$	(654.0	)		$	42.6	$	(611.4	)



(In millions)	Foreign currency translation adjustments				Net unrealized and realized (loss) gain on effective cash flow hedges			Total
Balance, February 4, 2018	$	(249.4	)		$	(72.1	)	$	(321.5	)
Other comprehensive (loss) income before reclassifications	(274.2		)	⁽¹⁾⁽²⁾	63.9			(210.3		)
Less: Amounts reclassified from AOCL	—				(27.1		)	(27.1		)
Other comprehensive (loss) income	(274.2		)		91.0			(183.2		)
Balance, August 5, 2018	$	(523.6	)		$	18.9		$	(504.7	)

⁽¹⁾Foreign currency translation adjustments included a net gain on net investment hedges of $25.9 million and $63.9 million during the twenty-six weeks ended August 4, 2019 and August 5, 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 and twenty-six weeks ended August 4, 2019 and August 5, 2018:



	Amount Reclassified from AOCL										Affected Line Item in the Company’s Consolidated Income Statements
	Thirteen Weeks Ended					Twenty-Six Weeks Ended
(In millions)	8/4/19		8/5/18			8/4/19		8/5/18
Realized gain (loss) on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	10.7	$	(5.7	)	$	25.7	$	(28.6	)	Cost of goods sold
Interest rate swap agreements	0.0		0.4			0.2		0.4			Interest expense
Less: Tax effect	0.6		(0.3		)	1.5		(1.1		)	Income tax expense
Total, net of tax	$	10.1	$	(5.0	)	$	24.4	$	(27.1	)

LEASES (Notes)

6 Months Ended

Aug. 04, 2019

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

LEASES

The Company leases approximately 1,825 Company-operated freestanding retail store locations across more than 35 countries, generally with initial lease terms of three to ten years. The Company also leases warehouses, distribution centers, showrooms, office space and a factory in Ethiopia, generally with initial lease terms of ten to 20 years, as well as certain equipment and other assets, generally with initial lease terms of one to five 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.

In conjunction with the Australia acquisition, the Company acquired an office building and warehouse owned by Gazal. Prior to the acquisition, Gazal had entered into an agreement with a third party to sell the building and as such, the building was classified as held for sale and recorded at its fair value less estimated costs to sell on the acquisition date. Please see Note 4, “Acquisitions,” for further discussion. In June 2019, the Company completed the sale of the office building and warehouse for $59.4 million, incurring costs of $1.0 million, and leased back the building without an option to repurchase. No gain or loss was recognized on the transaction. The lease was classified as an operating lease with an initial lease term of five years and includes three options to renew for a period of five years each. Exercise of these renewal options is not reasonably certain and as a result, the Company recognized an operating lease right-of-use asset and operating lease liability based on the initial term of the lease.

The components of the net lease cost for the thirteen and twenty-six weeks ended August 4, 2019 were as follows:



		Thirteen Weeks Ended			Twenty-Six Weeks Ended
(In millions)	Line Item in the Company’s Consolidated Income Statement	8/4/19			8/4/19
Finance lease cost:
Amortization of right-of-use-assets	SG&A expenses (depreciation and amortization)	$	1.4		$	2.7
Interest on lease liabilities	Interest expense	0.2			0.3
Total finance lease cost		1.6			3.0
Operating lease cost	SG&A expenses	115.4			228.3
Short-term lease cost	SG&A expenses	5.3			8.8
Variable lease cost	SG&A expenses	36.6			66.9
Less: sublease income	SG&A expenses	(0.0		)	(0.1		)
Total net lease cost		$	158.9		$	306.9

Supplemental balance sheet information related to leases as of August 4, 2019 was as follows:



(In millions)	Line Item in the Company’s Consolidated Balance Sheet	8/4/19
Right-of-use assets:
Operating lease	Operating lease right-of-use assets	$	1,660.7
Finance lease	Property, plant and equipment, net	14.2
		$	1,674.9
Current lease liabilities:
Operating lease	Current portion of operating lease liabilities	$	345.2
Finance lease	Accrued expenses	4.7
		$	349.9
Other lease liabilities:
Operating lease	Long-term portion of operating lease liabilities	$	1,535.5
Finance lease	Other liabilities	10.6
		$	1,546.1

Supplemental cash flow information related to leases for the twenty-six weeks ended August 4, 2019 was as follows:



	Twenty-Six Weeks Ended
(In millions)	8/4/19
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	234.5
Operating cash flows from finance leases	0.3
Financing cash flows from finance leases	2.9
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	244.1
Right-of-use assets obtained in exchange for new finance lease liabilities	1.4

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 August 4, 2019:



	8/4/19
Weighted average remaining lease term (years):
Operating leases	7.05
Finance leases	4.44
Weighted average discount rate:
Operating leases	4.43	%
Finance leases	3.27	%

At August 4, 2019, the maturities of the Company’s lease liabilities were as follows:



(In millions)	Finance Leases			Operating Leases			Total
Remainder of 2019	$	2.7		$	198.9		$	201.6
2020	4.8			421.1			425.9
2021	4.1			358.9			363.0
2022	2.1			289.6			291.7
2023	0.6			219.8			220.4
Thereafter	2.6			732.4			735.0
Total lease payments	$	16.9		$	2,220.7		$	2,237.6
Less: Interest	(1.6		)	(340.0		)	(341.6		)
Total lease liabilities	$	15.3		$	1,880.7		$	1,896.0

The Company’s future lease payment obligations related to leases that were entered into, but did not commence as of August 4, 2019, were immaterial.

EXIT ACTIVITY COSTS

6 Months Ended

Aug. 04, 2019

EXIT ACTIVITY COSTS [Abstract]

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 included (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 thirteen and twenty-six weeks ended August 4, 2019 and expects to incur total costs as follows:



(In millions)	Total Costs Expected to be Incurred		Costs Incurred During the Thirteen Weeks Ended 8/4/19		Costs Incurred During the Twenty-Six Weeks Ended 8/4/19		Cumulative Costs Incurred To Date
Severance, termination benefits and other employee costs	$	52.5	$	5.7	$	24.4	$	51.7
Long-lived asset impairments ⁽¹⁾	45.1		3.1		38.2		45.1
Contract termination and other costs	31.4		9.1		23.9		28.2
Inventory markdowns	17.0		11.2		12.9		15.1
Total	$	146.0	$	29.1	$	99.4	$	140.1

⁽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 twenty-six weeks ended August 4, 2019, $58.6 million relate to SG&A expenses of the Calvin Klein North America segment and $27.9 million relate to SG&A expenses of the Calvin Klein International segment. Of the charges for inventory markdowns incurred during the twenty-six weeks ended August 4, 2019, $6.5 million relate to cost of goods sold of the Calvin Klein North America segment and $6.4 million relate to cost of goods sold of the Calvin Klein International segment. Of the $140.1 million cumulative costs incurred to date in connection with the restructuring activities, $84.0 million related to the Calvin Klein North America segment and $56.1 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 $86 million is estimated to relate to the Calvin Klein North America segment and approximately $60 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 twenty-six weeks ended August 4, 2019.

The liabilities at August 4, 2019 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:



(In millions)	Liability at 2/3/19		Costs Incurred During the Twenty-Six Weeks Ended 8/4/19		Costs Paid During the Twenty-Six Weeks Ended 8/4/19		Liability at 8/4/19
Severance, termination benefits and other employee costs	$	25.8	$	24.4	$	34.8	$	15.4
Contract termination and other costs	2.3		23.9		19.8		6.4
Total	$	28.1	$	48.3	$	54.6	$	21.8

NONCASH INVESTING AND FINANCING TRANSACTIONS	6 Months Ended
NONCASH INVESTING AND FINANCING TRANSACTIONS	Aug. 04, 2019
Notes to Financial Statements [Abstract]
NONCASH INVESTING AND FINANCING TRANSACTIONS	NONCASH INVESTING AND FINANCING TRANSACTIONS The Company completed the Australia acquisition during the twenty-six weeks ended August 4, 2019. Omitted from the Company’s Consolidated Statement of Cash Flows for the twenty-six weeks ended August 4, 2019 was the following noncash acquisition consideration: (i) the issuance to key members of Gazal and PVH Australia management of approximately 6% of the outstanding shares in the subsidiary of the Company that holds 100% of the ownership interests in the Australia business, for which the Company recognized a $26.2 million liability upon the acquisition closing, and (ii) the elimination of a $2.2 million pre-acquisition receivable owed to the Company by PVH Australia. In connection with the acquisition, the Company also remeasured its previously held equity investments in Gazal and PVH Australia to fair value, resulting in noncash increases of $23.6 million and $89.5 million, respectively, to these equity investments balances. Please see Note 4, “Acquisitions,” for further discussion. Omitted from acquisition of treasury shares in the Company’s Consolidated Statement of Cash Flows for the twenty-six weeks ended August 4, 2019 was $2.0 million of shares repurchased under the stock repurchase program for which the trades occurred but remained unsettled as of August 4, 2019. The Company recorded a loss of $1.7 million during the twenty-six weeks ended August 4, 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 twenty-six weeks ended August 5, 2018. Omitted from acquisitions, net of cash acquired in the Company’s Consolidated Statement of Cash Flows for the twenty-six weeks ended August 5, 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. Omitted from purchases of property, plant and equipment in the Company’s Consolidated Statement of Cash Flows for the twenty-six weeks ended August 5, 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 twenty-six weeks ended August 4, 2019.

SEGMENT DATA

6 Months Ended

Aug. 04, 2019

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, Asia and, since May 31, 2019, Australia, 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, Asia (including the TH CSAP acquisition) and, since May 31, 2019, Australia, 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. This segment included the Company’s proportionate share of the net income or loss of its investment in PVH Australia relating to its Tommy Hilfiger business until May 31, 2019, on which date the Company completed the Australia acquisition and began to consolidate the operations of PVH Australia into its financial statements. Please see Note 4, “Acquisitions,” for further discussion.

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, Brazil and, since May 31, 2019, Australia, 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, Brazil and, since May 31, 2019, Australia, 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 unconsolidated Calvin Klein foreign affiliate in India. This segment included the Company’s proportionate share of the net income or loss of its investment in PVH Australia relating to its Calvin Klein business until May 31, 2019, on which date the Company completed the Australia acquisition and began to consolidate the operations of PVH Australia into its financial statements. Please see Note 4, “Acquisitions,” for further discussion.

Heritage Brands Wholesale Segment - This segment consists of the Company’s Heritage Brands Wholesale division. This segment derives revenue primarily from the marketing to department, chain and specialty stores, 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 and ARROW; (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. In addition, since May 31, 2019, this segment also derives revenue from the Heritage Brands business in Australia. As well, this segment 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 Heritage Brands business. This segment included the Company’s proportionate share of the net income or loss of its investment in PVH Australia relating to its Heritage Brands business until May 31, 2019, on which date the Company completed the Australia acquisition and began to consolidate the operations of PVH Australia into its financial statements. Please see Note 4, “Acquisitions,” for further discussion.

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:



	Thirteen Weeks Ended						Twenty-Six Weeks Ended
(In millions)	8/4/19		⁽¹⁾	8/5/18		⁽¹⁾	8/4/19		⁽¹⁾	8/5/18		⁽¹⁾
Revenue – Tommy Hilfiger North America
Net sales	$	390.1		$	417.8		$	737.9		$	756.7
Royalty revenue	18.1			14.5			36.8			32.9
Advertising and other revenue	4.8			4.3			10.1			8.2
Total	413.0			436.6			784.8			797.8

Revenue – Tommy Hilfiger International
Net sales	679.0			572.3			1,341.7			1,209.5
Royalty revenue	12.4			13.0			25.6			25.0
Advertising and other revenue	5.8			6.7			10.2			12.1
Total	697.2			592.0			1,377.5			1,246.6

Revenue – Calvin Klein North America
Net sales	366.1			425.0			744.5			792.3
Royalty revenue	31.5			32.0			64.9			66.0
Advertising and other revenue	11.2			10.5			23.4			23.7
Total	408.8			467.5			832.8			882.0

Revenue – Calvin Klein International
Net sales	440.4			435.3			881.5			884.1
Royalty revenue	17.9			16.0			35.8			34.5
Advertising and other revenue	6.2			6.3			12.8			14.5
Total	464.5			457.6			930.1			933.1

Revenue – Heritage Brands Wholesale
Net sales	304.4			302.0			654.7			642.8
Royalty revenue	5.0			5.0			10.1			10.4
Advertising and other revenue	1.2			1.1			2.2			2.0
Total	310.6			308.1			667.0			655.2

Revenue – Heritage Brands Retail
Net sales	69.0			70.8			126.0			131.3
Royalty revenue	0.9			1.0			2.0			2.1
Advertising and other revenue	0.2			0.1			0.3			0.2
Total	70.1			71.9			128.3			133.6

Total Revenue
Net sales	2,249.0			2,223.2			4,486.3			4,416.7
Royalty revenue	85.8			81.5			175.2			170.9
Advertising and other revenue	29.4			29.0			59.0			60.7
Total	$	2,364.2		$	2,333.7		$	4,720.5		$	4,648.3


⁽¹⁾	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

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



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(In millions)	8/4/19		8/5/18		8/4/19		8/5/18
Wholesale net sales	$	1,137.8	$	1,130.5	$	2,498.5	$	2,414.6
Retail net sales	1,111.2		1,092.7		1,987.8		2,002.1
Net sales	2,249.0		2,223.2		4,486.3		4,416.7

Royalty revenue	85.8		81.5		175.2		170.9
Advertising and other revenue	29.4		29.0		59.0		60.7
Total	$	2,364.2	$	2,333.7	$	4,720.5	$	4,648.3

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



	Thirteen Weeks Ended							Twenty-Six Weeks Ended
(In millions)	8/4/19		⁽¹⁾	8/5/18			⁽¹⁾	8/4/19		⁽¹⁾	8/5/18			⁽¹⁾
Income before interest and taxes – Tommy Hilfiger North America	$	48.3	⁽³⁾	$	74.2			$	33.6	⁽³⁾⁽⁸⁾	$	115.0

Income before interest and taxes – Tommy Hilfiger International	99.8		⁽⁴⁾	59.8			⁽¹⁰⁾	206.6		⁽⁴⁾	151.0			⁽¹⁰⁾

Income before interest and taxes – Calvin Klein North America	11.3		⁽³⁾⁽⁶⁾	59.8				12.7		⁽³⁾⁽⁷⁾	103.3

Income before interest and taxes – Calvin Klein International	6.6		^(3)(4)(6)	45.2				53.5		^(3)(4)(7)	110.3

Income before interest and taxes – Heritage Brands Wholesale	14.0		⁽⁴⁾	26.5				53.0		⁽⁴⁾	66.3

Income before interest and taxes – Heritage Brands Retail	3.1			6.1				4.1			7.9

Income (loss) before interest and taxes – Corporate ⁽²⁾	66.7		⁽⁴⁾⁽⁵⁾	(40.2		)		21.4		^(4)(5)(9)	(78.1		)

Income before interest and taxes	$	249.8		$	231.4			$	384.9		$	475.7


⁽¹⁾	Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

⁽²⁾

Includes corporate expenses not allocated to any reportable segments, the Company’s proportionate share of the net income or loss of its investments in Gazal (prior to the Australia acquisition closing) and Karl Lagerfeld Holding B.V., and the results of PVH Ethiopia. Please see Note 4, “Acquisitions,” for further discussion. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans (which are generally recorded in the fourth quarter) and gains and losses from changes in the fair value of foreign currency option contracts.

⁽³⁾

Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included costs of $59.8 million in connection with agreements the Company entered into in the second quarter of 2019 to terminate early the licenses for the global Calvin Klein and Tommy Hilfiger North America socks and hosiery businesses in conjunction with the Company’s plan to consolidate the socks and hosiery business for all Company brands in North America in a newly formed joint venture, which is expected to begin operations in December 2019, and to bring in-house the international Calvin Klein socks and hosiery business. Such costs were included in the Company’s segments as follows: $7.5 million in Tommy Hilfiger North America, $25.5 million in Calvin Klein North America and $26.8 million in Calvin Klein International.


⁽⁴⁾	Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included costs of $4.8 million in connection with the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments, and

one-time costs of $2.1 million recorded on the Company’s equity investments in Gazal and PVH Australia prior to the Australia acquisition closing. Such costs were included in the Company’s segments as follows: $2.5 million in Tommy Hilfiger International, $1.5 million in Calvin Klein International, $0.4 million in Heritage Wholesale and $2.5 million in corporate expenses not allocated to any reportable segments. Please see Note 4, “Acquisitions,” for further discussion.


⁽⁵⁾	Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included a noncash gain of $113.1 million to write up the Company’s equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition. Please see Note 4, “Acquisitions,” for further discussion.


⁽⁶⁾	Income before interest and taxes for the thirteen weeks ended August 4, 2019 included costs of $29.1 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $14.2 million in Calvin Klein North America and $14.9 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.


⁽⁷⁾	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $99.4 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $65.1 million in Calvin Klein North America and $34.3 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.


⁽⁸⁾	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $54.9 million incurred in connection with the TH U.S. store closures, primarily consisting of noncash lease asset impairments. Please see Note 12, “Fair Value Measurements,” for further discussion.


⁽⁹⁾	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $6.2 million related to the refinancing of the Company’s senior credit facilities. Please see Note 9, “Debt,” for further discussion.


⁽¹⁰⁾	Income before interest and taxes for the thirteen and twenty-six weeks ended August 5, 2018 included costs of $6.7 million and $13.6 million, respectively, associated with the acquisition of the 55% ownership interests in TH Asia, Ltd., the Company’s former joint venture for TOMMY HILFIGER in China, that the Company did not already own, consisting of noncash amortization of short-lived assets.

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.

GUARANTEES	6 Months Ended
GUARANTEES	Aug. 04, 2019
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 August 4, 2019 was $7.7 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 August 4, 2019, February 3, 2019 and August 5, 2018. The Company has guaranteed a portion of the debt of one of its joint ventures in India. The maximum amount guaranteed as of August 4, 2019 was approximately $7.9 million, which is subject to exchange rate fluctuation. The guarantee is in effect for the entire term of the debt. The liability for this guarantee obligation was immaterial as of August 4, 2019, February 3, 2019 and August 5, 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 August 4, 2019 was approximately $4.7 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 August 4, 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.

RECENT ACCOUNTING GUIDANCE

6 Months Ended

Aug. 04, 2019

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:



(In millions)	As Reported 2/3/19		Adjustments			Adjusted 2/3/19
Assets
Prepaid expenses	$	168.7	$	(21.3	)	$	147.4
Operating lease right-of-use assets	—		1,708.2			1,708.2
Other Assets	400.9		(10.3		)	390.6
Liabilities
Accrued expenses	891.6		(17.0		)	874.6
Current portion of operating lease liabilities	—		350.5			350.5
Long-Term portion of operating lease liabilities	—		1,514.1			1,514.1
Other Liabilities	1,322.4		(167.9		)	1,154.5
Stockholders’ Equity
Retained earnings	4,350.1		(3.1		)	4,347.0

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 $5.9 million of costs incurred in the twenty-six weeks ended August 4, 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.

GENERAL (Policies)	6 Months Ended
GENERAL (Policies)	Aug. 04, 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.

DEBT (Tables)

6 Months Ended

Aug. 04, 2019

Schedule of Interest Rate Swap Agreements [Line Items]

Schedule of Interest Rate Swap Agreements [Table Text Block]



(In millions)
Designation Date	Commencement Date	Initial Notional Amount		Notional Amount Outstanding as of August 4, 2019		Fixed Rate	Expiration Date
June 2019	February 2020	$	50.0	$	—	1.409%	February 2022
June 2019	June 2019	50.0		50.0		1.719%	July 2021
January 2019	February 2020	50.0		—		2.4187%	February 2021
November 2018	February 2019	139.2		139.1		2.8645%	February 2021
October 2018	February 2019	115.7		178.3		2.9975%	February 2021
June 2018	August 2018	50.0		50.0		2.6825%	February 2021
June 2017	February 2018	306.5		119.0		1.566%	February 2020
July 2014	February 2016	682.6		—		1.924%	February 2018

Schedule of Long-term Debt Instruments [Table Text Block]

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



(In millions)	8/4/19		2/3/19		8/5/18

Senior unsecured Term Loan A facilities due 2024 ⁽¹⁾⁽²⁾	$	1,642.0	$	—	$	—
Senior secured Term Loan A facility due 2021	—		1,643.8		1,707.9
7 3/4% debentures due 2023	99.6		99.6		99.6
3 5/8% senior unsecured euro notes due 2024 ⁽²⁾	384.3		396.5		400.1
3 1/8% senior unsecured euro notes due 2027 ⁽²⁾	658.3		679.5		685.9
Total	2,784.2		2,819.4		2,893.5
Less: Current portion of long-term debt	41.2		—		—
Long-term debt	$	2,743.0	$	2,819.4	$	2,893.5

Schedule of Mandatory Long-Term Debt Repayments [Table]

As of August 4, 2019, the Company’s mandatory long-term debt repayments for the remainder of 2019 through 2024 were as follows:



(In millions)
Fiscal Year	Amount ⁽¹⁾
Remainder of 2019	$	20.6
2020	41.2
2021	61.8
2022	103.0
2023	223.6
2024	1,686.9

⁽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.

Derivative Financial Instruments [Abstract]

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Topic 505
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Aug. 04, 2019

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value and presentation of the Company’s derivative financial instruments in its Consolidated Balance Sheets:



(In millions)	Assets												Liabilities
	8/4/19				2/3/19				8/5/18				8/4/19				2/3/19				8/5/18
	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	36.0	$	0.7	$	24.0	$	0.7	$	24.7	$	2.0	$	1.6	$	0.1	$	3.5	$	0.7	$	2.1	$	0.1
Interest rate swap agreements	0.3		—		1.4		—		1.8		0.9		4.1		2.9		1.2		1.6		0.1		—
Total contracts designated as cash flow hedges	36.3		0.7		25.4		0.7		26.5		2.9		5.7		3.0		4.7		2.3		2.2		0.1
Undesignated contracts:
Foreign currency forward exchange contracts	3.8		—		0.1		—		0.8		—		2.2		—		2.0		—		1.2		—
Total	$	40.1	$	0.7	$	25.5	$	0.7	$	27.3	$	2.9	$	7.9	$	3.0	$	6.7	$	2.3	$	3.4	$	0.1

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:



	Gain (Loss) Recognized in Other Comprehensive (Loss) Income

(In millions)
Thirteen Weeks Ended	8/4/19			8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	12.4		$	37.0
Interest rate swap agreements	(4.0		)	0.2
Foreign currency borrowings (net investment hedges)	4.6			35.7
Total	$	13.0		$	72.9

Twenty-Six Weeks Ended	8/4/19			8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	42.5		$	66.4
Interest rate swap agreements	(5.1		)	0.7
Foreign currency borrowings (net investment hedges)	34.2			84.7
Total	$	71.6		$	151.8



	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense), Consolidated Income Statement Location, and Total Amount of Consolidated Income Statement Line Item
(In millions)	Amount Reclassified					Location	Total Income Statement Amount
Thirteen Weeks Ended	8/4/19		8/5/18				8/4/19		8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	10.7	$	(5.7	)	Cost of goods sold	$	1,075.8	$	1,036.7
Interest rate swap agreements	0.0		0.4			Interest expense	28.3		30.3
Total	$	10.7	$	(5.3	)

Twenty-Six Weeks Ended	8/4/19		8/5/18				8/4/19		8/5/18
Foreign currency forward exchange contracts (inventory purchases)	$	25.7	$	(28.6	)	Cost of goods sold	$	2,136.2	$	2,060.3
Interest rate swap agreements	0.2		0.4			Interest expense	59.3		59.7
Total	$	25.9	$	(28.2	)

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:



(In millions)	Gain Recognized in Income
Thirteen Weeks Ended	8/4/19		8/5/18
Foreign currency forward exchange contracts	$	0.8	$	0.5

Twenty-Six Weeks Ended	8/4/19		8/5/18
Foreign currency forward exchange contracts	$	0.7	$	0.0

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Aug. 04, 2019

Fair Value Measurements [Abstract]

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



	8/4/19						2/3/19						8/5/18
(In millions)	Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total
Assets:
Foreign currency forward exchange contracts	N/A	$	40.5	N/A	$	40.5	N/A	$	24.8	N/A	$	24.8	N/A	$	27.5	N/A	$	27.5
Interest rate swap agreements	N/A	0.3		N/A	0.3		N/A	1.4		N/A	1.4		N/A	2.7		N/A	2.7
Total Assets	N/A	$	40.8	N/A	$	40.8	N/A	$	26.2	N/A	$	26.2	N/A	$	30.2	N/A	$	30.2

Liabilities:
Foreign currency forward exchange contracts	N/A	$	3.9	N/A	$	3.9	N/A	$	6.2	N/A	$	6.2	N/A	$	3.4	N/A	$	3.4
Interest rate swap agreements	N/A	7.0		N/A	7.0		N/A	2.8		N/A	2.8		N/A	0.1		N/A	0.1
Total Liabilities	N/A	$	10.9	N/A	$	10.9	N/A	$	9.0	N/A	$	9.0	N/A	$	3.5	N/A	$	3.5

Fair Value Measurements, Nonrecurring [Table Text Block]

(In millions)

Fair Value Measurement Using

Fair Value
As Of
Impairment Date

Total
Impairments

Level 1

Level 2

Level 3

Operating lease right-of-use assets

N/A

16.8

77.0

Property, plant and equipment, net

N/A

—

10.8

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:



	8/4/19				2/3/19				8/5/18
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value

Cash and cash equivalents	$	433.5	$	433.5	$	452.0	$	452.0	$	431.1	$	431.1
Short-term borrowings	183.2		183.2		12.8		12.8		85.4		85.4
Long-term debt (including portion classified as current)	2,784.2		2,949.6		2,819.4		2,853.7		2,893.5		2,955.4

STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Aug. 04, 2019

Share-based Payment Arrangement [Abstract]

Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block]



	8/4/19			8/5/18
Weighted average risk-free interest rate	2.15		%	2.78		%
Weighted average expected stock option term (in years)	6.25			6.25
Weighted average Company volatility	29.88		%	26.92		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per stock option	$	37.14		$	51.66

Share-based Payment Arrangement, Option, Activity [Table Text Block]

Stock option activity for the twenty-six weeks ended August 4, 2019 was as follows:



(In thousands, except per stock option data)	Stock Options	Weighted Average Exercise Price Per Stock Option
Outstanding at February 3, 2019	791	$	107.81
Granted	169	111.92
Exercised	24	78.96
Cancelled	17	123.32
Outstanding at August 4, 2019	919	$	109.03
Exercisable at August 4, 2019	605	$	105.88

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

RSU activity for the twenty-six weeks ended August 4, 2019 was as follows:



(In thousands, except per RSU data)	RSUs	Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 3, 2019	847	$	122.97
Granted	595	110.67
Vested	336	116.10
Cancelled	49	125.87
Non-vested at August 4, 2019	1,057	$	118.09

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.



	8/4/19			8/5/18
Risk-free interest rate	2.13		%	2.62		%
Expected Company volatility	30.25		%	29.78		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per PSU	$	119.46		$	159.53

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

PSU activity for the twenty-six weeks ended August 4, 2019 was as follows:



(In thousands, except per PSU data)	PSUs	Weighted Average Grant Date Fair Value Per PSU
Non-vested at February 3, 2019	194	$	106.76
Granted at target	72	119.46
Reduction due to market condition achieved below target	10	87.16
Vested	67	87.16
Cancelled	8	117.27
Non-vested at August 4, 2019	181	$	119.63

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Aug. 04, 2019

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 twenty-six weeks ended August 4, 2019 and August 5, 2018:



(In millions)	Foreign currency translation adjustments				Net unrealized and realized gain on effective cash flow hedges		Total
Balance, February 3, 2019	$	(537.6	)		$	29.7	$	(507.9	)
Other comprehensive (loss) income before reclassifications	(116.4		)	⁽¹⁾⁽²⁾	37.3		(79.1		)
Less: Amounts reclassified from AOCL	—				24.4		24.4
Other comprehensive (loss) income	(116.4		)		12.9		(103.5		)
Balance, August 4, 2019	$	(654.0	)		$	42.6	$	(611.4	)



(In millions)	Foreign currency translation adjustments				Net unrealized and realized (loss) gain on effective cash flow hedges			Total
Balance, February 4, 2018	$	(249.4	)		$	(72.1	)	$	(321.5	)
Other comprehensive (loss) income before reclassifications	(274.2		)	⁽¹⁾⁽²⁾	63.9			(210.3		)
Less: Amounts reclassified from AOCL	—				(27.1		)	(27.1		)
Other comprehensive (loss) income	(274.2		)		91.0			(183.2		)
Balance, August 5, 2018	$	(523.6	)		$	18.9		$	(504.7	)

⁽²⁾Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.

Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Loss [Table Text Block]

The following table presents reclassifications out of AOCL to earnings for the thirteen and twenty-six weeks ended August 4, 2019 and August 5, 2018:



	Amount Reclassified from AOCL										Affected Line Item in the Company’s Consolidated Income Statements
	Thirteen Weeks Ended					Twenty-Six Weeks Ended
(In millions)	8/4/19		8/5/18			8/4/19		8/5/18
Realized gain (loss) on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	10.7	$	(5.7	)	$	25.7	$	(28.6	)	Cost of goods sold
Interest rate swap agreements	0.0		0.4			0.2		0.4			Interest expense
Less: Tax effect	0.6		(0.3		)	1.5		(1.1		)	Income tax expense
Total, net of tax	$	10.1	$	(5.0	)	$	24.4	$	(27.1	)

LEASES (Tables)

6 Months Ended

Aug. 04, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of the net lease cost for the thirteen and twenty-six weeks ended August 4, 2019 were as follows:



		Thirteen Weeks Ended			Twenty-Six Weeks Ended
(In millions)	Line Item in the Company’s Consolidated Income Statement	8/4/19			8/4/19
Finance lease cost:
Amortization of right-of-use-assets	SG&A expenses (depreciation and amortization)	$	1.4		$	2.7
Interest on lease liabilities	Interest expense	0.2			0.3
Total finance lease cost		1.6			3.0
Operating lease cost	SG&A expenses	115.4			228.3
Short-term lease cost	SG&A expenses	5.3			8.8
Variable lease cost	SG&A expenses	36.6			66.9
Less: sublease income	SG&A expenses	(0.0		)	(0.1		)
Total net lease cost		$	158.9		$	306.9

Schedule of Supplemental Balance Sheet Information Related to Leases [Table Text Block]

Supplemental balance sheet information related to leases as of August 4, 2019 was as follows:



(In millions)	Line Item in the Company’s Consolidated Balance Sheet	8/4/19
Right-of-use assets:
Operating lease	Operating lease right-of-use assets	$	1,660.7
Finance lease	Property, plant and equipment, net	14.2
		$	1,674.9
Current lease liabilities:
Operating lease	Current portion of operating lease liabilities	$	345.2
Finance lease	Accrued expenses	4.7
		$	349.9
Other lease liabilities:
Operating lease	Long-term portion of operating lease liabilities	$	1,535.5
Finance lease	Other liabilities	10.6
		$	1,546.1

Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]

Supplemental cash flow information related to leases for the twenty-six weeks ended August 4, 2019 was as follows:



	Twenty-Six Weeks Ended
(In millions)	8/4/19
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	234.5
Operating cash flows from finance leases	0.3
Financing cash flows from finance leases	2.9
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	244.1
Right-of-use assets obtained in exchange for new finance lease liabilities	1.4

Schedule of Weight Average Remaining Lease Term and Weighted Average Discount Rate [Table Text Block]



	8/4/19
Weighted average remaining lease term (years):
Operating leases	7.05
Finance leases	4.44
Weighted average discount rate:
Operating leases	4.43	%
Finance leases	3.27	%

Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]

At August 4, 2019, the maturities of the Company’s lease liabilities were as follows:



(In millions)	Finance Leases			Operating Leases			Total
Remainder of 2019	$	2.7		$	198.9		$	201.6
2020	4.8			421.1			425.9
2021	4.1			358.9			363.0
2022	2.1			289.6			291.7
2023	0.6			219.8			220.4
Thereafter	2.6			732.4			735.0
Total lease payments	$	16.9		$	2,220.7		$	2,237.6
Less: Interest	(1.6		)	(340.0		)	(341.6		)
Total lease liabilities	$	15.3		$	1,880.7		$	1,896.0

EXIT ACTIVITY COSTS (Tables)

6 Months Ended

Aug. 04, 2019

Restructuring and Related Costs [Table Text Block]

In connection with the Calvin Klein restructuring, the Company recorded pre-tax costs during 2018 and the thirteen and twenty-six weeks ended August 4, 2019 and expects to incur total costs as follows:



(In millions)	Total Costs Expected to be Incurred		Costs Incurred During the Thirteen Weeks Ended 8/4/19		Costs Incurred During the Twenty-Six Weeks Ended 8/4/19		Cumulative Costs Incurred To Date
Severance, termination benefits and other employee costs	$	52.5	$	5.7	$	24.4	$	51.7
Long-lived asset impairments ⁽¹⁾	45.1		3.1		38.2		45.1
Contract termination and other costs	31.4		9.1		23.9		28.2
Inventory markdowns	17.0		11.2		12.9		15.1
Total	$	146.0	$	29.1	$	99.4	$	140.1

⁽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.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The liabilities at August 4, 2019 related to these costs were principally recorded in accrued expenses in the Company’s Consolidated Balance Sheets and were as follows:



(In millions)	Liability at 2/3/19		Costs Incurred During the Twenty-Six Weeks Ended 8/4/19		Costs Paid During the Twenty-Six Weeks Ended 8/4/19		Liability at 8/4/19
Severance, termination benefits and other employee costs	$	25.8	$	24.4	$	34.8	$	15.4
Contract termination and other costs	2.3		23.9		19.8		6.4
Total	$	28.1	$	48.3	$	54.6	$	21.8

NET INCOME PER COMMON SHARE (Tables)

6 Months Ended

Aug. 04, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

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



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(In millions, except per share data)	8/4/19		8/5/18		8/4/19		8/5/18

Net income attributable to PVH Corp.	$	193.5	$	165.2	$	275.5	$	344.6

Weighted average common shares outstanding for basic net income per common share	74.8		77.0		75.0		77.0
Weighted average impact of dilutive securities	0.3		0.9		0.5		1.0
Total shares for diluted net income per common share	75.1		77.9		75.5		78.0

Basic net income per common share attributable to PVH Corp.	$	2.59	$	2.15	$	3.67	$	4.47

Diluted net income per common share attributable to PVH Corp.	$	2.58	$	2.12	$	3.65	$	4.42

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

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



	Thirteen Weeks Ended		Twenty-Six Weeks Ended
(In millions)	8/4/19	8/5/18	8/4/19	8/5/18

Weighted average potentially dilutive securities	1.3	0.3	0.9	0.2

SEGMENT DATA (Tables)

6 Months Ended

Aug. 04, 2019

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

The Company’s revenue by segment was as follows:



	Thirteen Weeks Ended						Twenty-Six Weeks Ended
(In millions)	8/4/19		⁽¹⁾	8/5/18		⁽¹⁾	8/4/19		⁽¹⁾	8/5/18		⁽¹⁾
Revenue – Tommy Hilfiger North America
Net sales	$	390.1		$	417.8		$	737.9		$	756.7
Royalty revenue	18.1			14.5			36.8			32.9
Advertising and other revenue	4.8			4.3			10.1			8.2
Total	413.0			436.6			784.8			797.8

Revenue – Tommy Hilfiger International
Net sales	679.0			572.3			1,341.7			1,209.5
Royalty revenue	12.4			13.0			25.6			25.0
Advertising and other revenue	5.8			6.7			10.2			12.1
Total	697.2			592.0			1,377.5			1,246.6

Revenue – Calvin Klein North America
Net sales	366.1			425.0			744.5			792.3
Royalty revenue	31.5			32.0			64.9			66.0
Advertising and other revenue	11.2			10.5			23.4			23.7
Total	408.8			467.5			832.8			882.0

Revenue – Calvin Klein International
Net sales	440.4			435.3			881.5			884.1
Royalty revenue	17.9			16.0			35.8			34.5
Advertising and other revenue	6.2			6.3			12.8			14.5
Total	464.5			457.6			930.1			933.1

Revenue – Heritage Brands Wholesale
Net sales	304.4			302.0			654.7			642.8
Royalty revenue	5.0			5.0			10.1			10.4
Advertising and other revenue	1.2			1.1			2.2			2.0
Total	310.6			308.1			667.0			655.2

Revenue – Heritage Brands Retail
Net sales	69.0			70.8			126.0			131.3
Royalty revenue	0.9			1.0			2.0			2.1
Advertising and other revenue	0.2			0.1			0.3			0.2
Total	70.1			71.9			128.3			133.6

Total Revenue
Net sales	2,249.0			2,223.2			4,486.3			4,416.7
Royalty revenue	85.8			81.5			175.2			170.9
Advertising and other revenue	29.4			29.0			59.0			60.7
Total	$	2,364.2		$	2,333.7		$	4,720.5		$	4,648.3


⁽¹⁾	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

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



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(In millions)	8/4/19		8/5/18		8/4/19		8/5/18
Wholesale net sales	$	1,137.8	$	1,130.5	$	2,498.5	$	2,414.6
Retail net sales	1,111.2		1,092.7		1,987.8		2,002.1
Net sales	2,249.0		2,223.2		4,486.3		4,416.7

Royalty revenue	85.8		81.5		175.2		170.9
Advertising and other revenue	29.4		29.0		59.0		60.7
Total	$	2,364.2	$	2,333.7	$	4,720.5	$	4,648.3

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



	Thirteen Weeks Ended							Twenty-Six Weeks Ended
(In millions)	8/4/19		⁽¹⁾	8/5/18			⁽¹⁾	8/4/19		⁽¹⁾	8/5/18			⁽¹⁾
Income before interest and taxes – Tommy Hilfiger North America	$	48.3	⁽³⁾	$	74.2			$	33.6	⁽³⁾⁽⁸⁾	$	115.0

Income before interest and taxes – Tommy Hilfiger International	99.8		⁽⁴⁾	59.8			⁽¹⁰⁾	206.6		⁽⁴⁾	151.0			⁽¹⁰⁾

Income before interest and taxes – Calvin Klein North America	11.3		⁽³⁾⁽⁶⁾	59.8				12.7		⁽³⁾⁽⁷⁾	103.3

Income before interest and taxes – Calvin Klein International	6.6		^(3)(4)(6)	45.2				53.5		^(3)(4)(7)	110.3

Income before interest and taxes – Heritage Brands Wholesale	14.0		⁽⁴⁾	26.5				53.0		⁽⁴⁾	66.3

Income before interest and taxes – Heritage Brands Retail	3.1			6.1				4.1			7.9

Income (loss) before interest and taxes – Corporate ⁽²⁾	66.7		⁽⁴⁾⁽⁵⁾	(40.2		)		21.4		^(4)(5)(9)	(78.1		)

Income before interest and taxes	$	249.8		$	231.4			$	384.9		$	475.7


⁽¹⁾	Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

⁽²⁾

⁽³⁾


⁽⁴⁾	Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included costs of $4.8 million in connection with the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments, and


⁽⁵⁾	Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included a noncash gain of $113.1 million to write up the Company’s equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition. Please see Note 4, “Acquisitions,” for further discussion.


⁽⁶⁾	Income before interest and taxes for the thirteen weeks ended August 4, 2019 included costs of $29.1 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $14.2 million in Calvin Klein North America and $14.9 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.


⁽⁷⁾	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $99.4 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $65.1 million in Calvin Klein North America and $34.3 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.


⁽⁸⁾	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $54.9 million incurred in connection with the TH U.S. store closures, primarily consisting of noncash lease asset impairments. Please see Note 12, “Fair Value Measurements,” for further discussion.


⁽⁹⁾	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $6.2 million related to the refinancing of the Company’s senior credit facilities. Please see Note 9, “Debt,” for further discussion.


⁽¹⁰⁾	Income before interest and taxes for the thirteen and twenty-six weeks ended August 5, 2018 included costs of $6.7 million and $13.6 million, respectively, associated with the acquisition of the 55% ownership interests in TH Asia, Ltd., the Company’s former joint venture for TOMMY HILFIGER in China, that the Company did not already own, consisting of noncash amortization of short-lived assets.

RECENT ACCOUNTING GUIDANCE (Tables)

6 Months Ended

Aug. 04, 2019

Recent Accounting Guidance [Abstract]

Schedule of Impact of New Accounting Pronouncements

The effects of the adoption on the Company’s Consolidated Balance Sheet as of February 3, 2019 were as follows:



(In millions)	As Reported 2/3/19		Adjustments			Adjusted 2/3/19
Assets
Prepaid expenses	$	168.7	$	(21.3	)	$	147.4
Operating lease right-of-use assets	—		1,708.2			1,708.2
Other Assets	400.9		(10.3		)	390.6
Liabilities
Accrued expenses	891.6		(17.0		)	874.6
Current portion of operating lease liabilities	—		350.5			350.5
Long-Term portion of operating lease liabilities	—		1,514.1			1,514.1
Other Liabilities	1,322.4		(167.9		)	1,154.5
Stockholders’ Equity
Retained earnings	4,350.1		(3.1		)	4,347.0

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

3 Months Ended

6 Months Ended

Aug. 04, 2019

Aug. 05, 2018

Aug. 04, 2019

Aug. 05, 2018

Feb. 03, 2019

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)

$ 1.9

$ 2.8

$ 1.9

$ 2.8

$ 2.3

Movement in Deferred Revenue [Roll Forward]

Deferred revenue, beginning balance

65.3

39.2

Impact of adopting the new revenue standard

0.0

15.6

Net additions to deferred revenue during the period

63.4

54.2

Reductions in deferred revenue for revenue recognized during the period

(8.4)

(8.5)

(59.8)

^[1]

(48.0)

^[1]

Deferred revenue, ending balance

$ 68.9

$ 61.0

$ 68.9

$ 61.0

[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. These amounts include $8.4 million and $8.5 million of revenue recognized during the thirteen weeks ended August 4, 2019 and August 5, 2018, respectively.

REVENUE Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Details) $ in Millions	Aug. 04, 2019 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-08-04
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,200.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-08-05
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 129.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 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	$ 235.4
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	$ 792.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

ACQUISITIONS (Details) - USD ($) $ in Millions				6 Months Ended
ACQUISITIONS (Details) - USD ($) $ in Millions	Jul. 01, 2019	May 31, 2019	Apr. 20, 2018	Aug. 04, 2019	Aug. 05, 2018	Feb. 03, 2019
Business Acquisition [Line Items]
Goodwill				$ 3,736.9	$ 3,678.8	$ 3,670.5
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain				113.1	$ 0.0
Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill				1,605.2		1,529.8
Calvin Klein North America [Member]
Business Acquisition [Line Items]
Goodwill				780.4		780.3
Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill				900.4		909.5
Heritage Brands Wholesale [Member]
Business Acquisition [Line Items]
Goodwill				246.5		$ 246.5
TH CSAP Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 74.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets	10.7
TH CSAP Acquisition [Member] \| Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill	$ 63.5
Australia Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 124.7
Goodwill		68.6
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain		$ 113.1
Noncontrolling Interest, Ownership Percentage of Company subsidiary by Noncontrolling Owners		6.00%
Business Ownership Percentage		100.00%
Mandatorily Redeemable Non-Controlling Interest to be Purchased in Tranche 1		50.00%
Tranche 1 Effective Period		one year after the closing
Tranche 2 Effective Period		two years after the closing
Australia Acquisition [Member] \| Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill		$ 58.5
Australia Acquisition [Member] \| Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill		$ 10.1
Australia Acquisition [Member] \| Gazal Corporation Limited [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		22.00%
Equity Method Investments Carrying Value Prior to Step Acquisition Remeasurement		$ 16.5
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain		$ 23.6
Business Acquisition, Percentage of Voting Interests Acquired		78.00%
Australia Acquisition [Member] \| PVH Australia [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		50.00%
Equity Method Investments Carrying Value Prior to Step Acquisition Remeasurement		$ 41.9
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain		$ 89.5
Business Acquisition, Percentage of Voting Interests Acquired		50.00%
Australia Acquisition [Member] \| Fair Value, Inputs, Level 1 [Member] \| Gazal Corporation Limited [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		$ 40.1
Australia Acquisition [Member] \| Fair Value, Inputs, Level 3 [Member]
Business Acquisition [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Fair Value		26.2		25.7
Australia Acquisition [Member] \| Fair Value, Inputs, Level 3 [Member] \| PVH Australia [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		$ 131.4
Australia Acquisition [Member] \| Accrued Expenses [Member] \| Fair Value, Inputs, Level 3 [Member]
Business Acquisition [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Fair Value				12.4
Australia Acquisition [Member] \| Other Liabilities [Member] \| Fair Value, Inputs, Level 3 [Member]
Business Acquisition [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Fair Value				$ 13.3
Geoffrey Beene Acquisition [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired			$ 17.0
Cash Paid to Acquire Intangible Assets			15.9
Noncash Or Part Noncash Acquisition, Prepaid Royalties Assumed			0.7
Noncash or Part Noncash Acquisition, Other Liabilities Assumed			$ 0.4
Measurement Input, Discount Rate [Member] \| Australia Acquisition [Member] \| Fair Value, Inputs, Level 3 [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value Input		12.50%

ACQUISITIONS Fair Value of Acquisition Consideration (Details) - Australia Acquisition [Member] - USD ($) $ in Millions	May 31, 2019	Aug. 04, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 124.7
Elimination of pre-acquisition receivable owed to the Company	2.2
Business Combination, Consideration Transferred	324.6
Fair Value, Inputs, Level 3 [Member]
Business Acquisition [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Fair Value	26.2	$ 25.7
Fair Value, Inputs, Level 3 [Member] \| PVH Australia [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value	131.4
Fair Value, Inputs, Level 1 [Member] \| Gazal Corporation Limited [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value	$ 40.1

ACQUISITIONS Allocation of Acquisition Consideration (Details) - USD ($) $ in Millions	May 31, 2019	Aug. 04, 2019	Feb. 03, 2019	Aug. 05, 2018
Business Acquisition [Line Items]
Goodwill		$ 3,736.9	$ 3,670.5	$ 3,678.8
Australia Acquisition [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	$ 6.6
Trade receivables	15.1
Inventories	88.2
Prepaid expenses	1.3
Other current assets	3.5
Assets held for sale	58.8
Property, plant and equipment	18.4
Goodwill	68.6
Intangible assets	222.2
Operating lease right-of-use assets	53.2
Total assets acquired	535.9
Accounts payable	14.4
Accrued expenses	23.5
Short-term borrowings	50.5
Current portion of operating lease liabilities	10.4
Long-term portion of operating lease liabilities	41.2
Deferred tax liability	69.6
Other liabilities	1.7
Total liabilities assumed	211.3
Total acquisition date fair value of the business acquired	324.6
Reacquired license rights \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Intangible assets	$ 204.9
Order backlog \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	6 months
Intangible assets	$ 0.3
Customer relationships \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	10 years
Intangible assets	$ 17.0

REDEEMABLE NON-CONTROLLING INTEREST (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018	Feb. 03, 2019	Jun. 29, 2016
Non-controlling Interest [Line Items]
Redeemable Non-Controlling Interest	$ (0.6)	$ 1.0	$ (0.6)	$ 1.0	$ 0.2
Net loss attributable to redeemable non-controlling interest	$ (0.4)	(0.5)	$ (0.8)	(1.0)
Ethiopia Joint Venture [Member]
Non-controlling Interest [Line Items]
Non-controlling Interest, Ownership Percentage by Parent	75.00%		75.00%
Redeemable Non-controlling Interest, Equity, Fair Value						$ 0.1
Redeemable Non-Controlling Interest	$ (0.6)	$ 1.0	$ (0.6)	$ 1.0	$ 0.2
Net loss attributable to redeemable non-controlling interest			$ 0.8

INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	May 31, 2019	Feb. 03, 2019
Schedule of Equity Method Investments [Line Items]
Dividends received from unconsolidated affiliates	$ 10.0	$ 3.6
Investments in Unconsolidated Affiliates	$ 146.6	$ 201.3		$ 207.1
Australia Acquisition [Member] \| Gazal Corporation Limited [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			22.00%
Australia Acquisition [Member] \| PVH Australia [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			50.00%

GOODWILL (Details) $ in Millions	6 Months Ended
GOODWILL (Details) $ in Millions	Aug. 04, 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	(65.7)
Goodwill, gross, end of period	3,748.8
Accumulated impairment losses, end of period	(11.9)
Goodwill, net, end of period	3,736.9
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	0.1
Goodwill, gross, end of period	780.4
Accumulated impairment losses, end of period	0.0
Goodwill, net, end of period	780.4
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	(19.2)
Goodwill, gross, end of period	900.4
Accumulated impairment losses, end of period	0.0
Goodwill, net, end of period	900.4
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	(46.6)
Goodwill, gross, end of period	1,605.2
Accumulated impairment losses, end of period	0.0
Goodwill, net, end of period	1,605.2
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
Australia Acquisition [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	68.6
Australia Acquisition [Member] \| Calvin Klein North America [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
Australia Acquisition [Member] \| Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	10.1
Australia Acquisition [Member] \| Tommy Hilfiger North America [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
Australia Acquisition [Member] \| Tommy Hilfiger International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	58.5
Australia Acquisition [Member] \| Heritage Brands Wholesale [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
Australia Acquisition [Member] \| Heritage Brands Retail [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
TH CSAP Acquisition [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	63.5
TH CSAP Acquisition [Member] \| Calvin Klein North America [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
TH CSAP Acquisition [Member] \| Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
TH CSAP Acquisition [Member] \| Tommy Hilfiger North America [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
TH CSAP Acquisition [Member] \| Tommy Hilfiger International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	63.5
TH CSAP Acquisition [Member] \| Heritage Brands Wholesale [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	0.0
TH CSAP Acquisition [Member] \| Heritage Brands Retail [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	$ 0.0

RETIREMENT AND BENEFIT PLANS (Details) $ in Millions	3 Months Ended		6 Months Ended
RETIREMENT AND BENEFIT PLANS (Details) $ in Millions	Aug. 04, 2019 USD ($)	Aug. 05, 2018 USD ($)	Aug. 04, 2019 USD ($)	Aug. 05, 2018 USD ($)
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		5
Non-Contributory Defined Benefit Pension Plans, Vesting Period			5 years
Service cost	$ 8.5	$ 8.6	$ 16.7	$ 16.9
Interest cost	7.1	6.5	14.0	13.0
Expected return on plan assets	(10.1)	(10.1)	(20.2)	(20.1)
Total	$ 5.5	5.0	$ 10.5	9.8
SERP Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of Noncontributory Defined Benefit Pension Plans	3		3
Plan Benefit Payment Activation Age	65		65
Plan Benefit Payment Period			10 years
Minimum Number of Years of Employment			10 years
Minimum Age Prior to Employment Termination	55		55
Service cost	$ 1.4	1.6	$ 2.9	2.9
Interest cost	1.1	1.0	2.1	2.0
Total	$ 2.5	$ 2.6	$ 5.0	$ 4.9
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of Noncontributory Defined Benefit Pension Plans	2		2

DEBT Short-Term Lines of Credit, Overdraft Facilities, Senior Secured Credit Facilities and Short-Term Revolving Credit Facilities (Details) $ in Millions	6 Months Ended
	Aug. 04, 2019 USD ($)
2019 Facilities [Member]
Line of Credit Facility [Line Items]
Line of credit facility, amount outstanding	$ 115.0
Short-term debt, weighted average interest rate	3.61%
Maximum amount of borrowings outstanding during the period	$ 378.4
Lines of Credit, Foreign Facilities [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	133.8
Line of credit facility, amount outstanding	$ 68.2
Short-term debt, weighted average interest rate	2.19%
Maximum amount of borrowings outstanding during the period	$ 99.5

DEBT Schedule of Mandatory Long-Term Debt Repayments (Details) - USD ($)
$ in Millions

Aug. 04, 2019

Feb. 03, 2019

Aug. 05, 2018

Mandatory Long-Term Debt Repayment Remainder of 2019

^[1]

$ 20.6

Mandatory Long-Term Debt Repayment 2020

^[1]

41.2

Mandatory Long-Term Debt Repayment 2021

^[1]

61.8

Mandatory Long-Term Debt Repayment 2022

^[1]

103.0

Mandatory Long-Term Debt Repayment 2023

^[1]

223.6

Mandatory Long-Term Debt Repayment 2024

^[1]

1,686.9

2019 Facilities Term Loan A [Member]

$ 1,642.0

^[2],[3]

$ 0.0

[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.
[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.
[3]	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 August 4, 2019.

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

3 Months Ended

6 Months Ended

12 Months Ended

21 Months Ended

Apr. 29, 2019

USD ($)

Aug. 04, 2019

USD ($)

Aug. 05, 2018

USD ($)

Aug. 04, 2019

USD ($)

Aug. 05, 2018

USD ($)

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2021

Aug. 04, 2019

EUR (€)

Aug. 04, 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 ($)

Percentage of long-term debt at fixed interest rates

60.00%

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

$ 2,893.5

$ 2,784.2

$ 2,819.4

Long-term Debt, Current Maturities

0.0

41.2

0.0

Long-term Debt, Excluding Current Maturities

2,893.5

$ 2,743.0

2,819.4

Repayment of senior secured credit facilities

$ 1,649.3

85.0

Write off of deferred debt issuance costs

1.7

Senior debenture due 2023 [Member]

$ 0.0

0.0

$ 5.2

0.0

Senior notes due 2024 [Member]

7.75%

Senior Notes

99.6

$ 99.6

99.6

Long-term Debt, Gross

$ 100.0

3.625%

Senior Notes

^[1]

400.1

$ 384.3

396.5

Senior notes due 2027 [Member]

€ 350.0

3.125%

Senior Notes

^[1]

685.9

$ 658.3

679.5

United States of America, Dollars | United States Federal Fund Rate [Member]

€ 600.0

United States of America, Dollars | One Month Adjusted Eurocurrency Rate Loan [Member]

0.50%

1.00%

2019 Facilities [Member]

Line of credit facility, amount outstanding

115.0

Letters of credit outstanding, amount

20.4

2019 Facilities USD Term Loan A [Member]

2019 Facilities Euro Term Loan A [Member]

$ 1,093.2

Long-term Debt, Gross

1,093.2

Long-term Debt, Gross | €

Unsecured Debt | €

€ 500.0

€ 500.0

2019 Facilities [Member]

Maximum Amount of Commitment Increase

1,500.0

Write off of deferred debt issuance costs

$ 1.7

Payments of Debt Issuance Costs

10.4

Deferred Debt Issuance Costs

$ 3.5

6.9

2019 Facilities [Member] | United States of America, Dollars

Line of credit facility, maximum borrowing capacity

675.0

2019 Facilities [Member] | United States Dollars or Canadian Dollars [Member]

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]

Line of credit facility, maximum borrowing capacity | €

€ 200.0

2019 Facilities [Member] | United States Dollars and Hong Kong Dollars [Member]

Line of credit facility, maximum borrowing capacity

$ 50.0

2019 Facilities Term Loan A [Member]

Term Loan A Repayment Percentage Quarters Following Refinance

0.0

1,642.0

^[1],[2]

0.0

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]

2019 Facilities Term Loan A [Member] | Base Rate [Member] | United States Dollars or Euros [Member]

1.375%

2016 Facilities Term Loan A [Member]

0.375%

Repayment of senior secured credit facilities

$ 1,707.9

1,707.9

$ 0.0

$ 1,643.8

$ 2,347.4

$ 85.0

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

Line of credit facility, maximum borrowing capacity

475.0

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

Line of credit facility, maximum borrowing capacity

$ 25.0

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

Line of credit facility, maximum borrowing capacity | €

€ 185.9

[1]	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.
[2]	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 August 4, 2019.

DEBT Interest Rate Swap Agreements (Details) - USD ($) $ in Millions	Feb. 28, 2020	Feb. 18, 2020	Aug. 04, 2019	Jun. 28, 2019	Feb. 19, 2019	Aug. 06, 2018	Feb. 20, 2018	Feb. 17, 2016
2020 Interest Rate Swap - June 2019 Designation - February 2022 Expiration
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Notional Amount	$ 50.0		$ 0.0
Derivative, Fixed Interest Rate			1.409%
2019 Interest Rate Swap - June 2019 Designation - July 2021 Expiration
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Notional Amount			$ 50.0	$ 50.0
Derivative, Fixed Interest Rate			1.719%
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			$ 139.1		$ 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			$ 178.3		$ 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			$ 119.0				$ 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%

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
INCOME TAXES (Details)	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Income Taxes [Line Items]
Effective income tax rate	13.30%	18.60%	16.30%	17.80%
International Tax Jurisdictions			40
Australia Acquisition [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	13.70%		8.50%

DERIVATIVE FINANCIAL INSTRUMENTS (Details)
€ in Millions, $ in Millions

3 Months Ended

6 Months Ended

Aug. 04, 2019

USD ($)

Aug. 05, 2018

USD ($)

Aug. 04, 2019

USD ($)

Aug. 05, 2018

USD ($)

Aug. 04, 2019

EUR (€)

Aug. 04, 2019

USD ($)

Feb. 03, 2019

USD ($)

Other Current Assets [Member]

Cost of goods sold

$ 1,075.8

$ 1,036.7

$ 2,136.2

$ 2,060.3

Interest expense

$ 28.3

30.3

59.3

59.7

27.3

$ 40.1

$ 25.5

Other Assets [Member]

Accrued Expenses [Member]

2.9

0.7

Other Liabilities [Member]

3.4

7.9

6.7

Foreign Exchange Forward Inventory Purchases [Member]

0.1

3.0

2.3

Derivative, Notional Amount

1,296.8

Net Investment Hedging [Member]

Long-term Debt, Fair Value

1,133.3

1,187.0

1,098.3

Long-term Debt, Carrying Amount

1,086.0

1,042.6

1,076.0

Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Current Assets [Member]

Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Assets [Member]

0.8

3.8

0.1

Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Accrued Expenses [Member]

0.0

Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member] | Other Liabilities [Member]

1.2

2.2

2.0

Cost of Sales [Member] | Foreign Exchange Forward Inventory Purchases [Member]

0.0

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

$ 47.2

Interest Expense [Member] | Interest Rate Swap [Member]

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

$ (3.8)

Selling, General and Administrative Expenses [Member] | Undesignated contracts [Member] | Foreign Currency Forward Exchange Contracts [Member]

Derivative Instruments Not Designated as Hedging Instruments, Gain Recognized in Income, Net

0.8

0.5

0.7

0.0

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member]

Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax

13.0

72.9

71.6

151.8

Derivative Instruments, Gain (Loss) Reclassified from AOCL into Income (Expense), Effective Portion, Net

10.7

(5.3)

25.9

(28.2)

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Other Current Assets [Member]

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Other Assets [Member]

26.5

36.3

25.4

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Accrued Expenses [Member]

2.9

0.7

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Other Liabilities [Member]

2.2

5.7

4.7

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member]

0.1

3.0

2.3

Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax

12.4

37.0

42.5

66.4

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Current Assets [Member]

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Assets [Member]

24.7

36.0

24.0

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Accrued Expenses [Member]

2.0

0.7

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member] | Other Liabilities [Member]

2.1

1.6

3.5

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member]

0.1

0.7

Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax

(4.0)

0.2

(5.1)

0.7

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Current Assets [Member]

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Assets [Member]

1.8

0.3

1.4

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Accrued Expenses [Member]

0.9

0.0

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member] | Other Liabilities [Member]

0.1

4.1

1.2

Cash Flow Hedging [Member] | Contracts designated as cash flow hedges [Member] | Net Investment Hedging [Member]

0.0

2.9

1.6

Other comprehensive (loss) income before reclassifications, net unrealized and realized gain (loss) on effective cash flow hedges, net of tax

4.6

35.7

34.2

84.7

Cash Flow Hedging [Member] | Cost of Sales [Member] | Contracts designated as cash flow hedges [Member] | Foreign Exchange Forward Inventory Purchases [Member]

Derivative Instruments, Gain (Loss) Reclassified from AOCL into Income (Expense), Effective Portion, Net

10.7

(5.7)

25.7

(28.6)

Cash Flow Hedging [Member] | Interest Expense [Member] | Contracts designated as cash flow hedges [Member] | Interest Rate Swap [Member]

Derivative Instruments, Gain (Loss) Reclassified from AOCL into Income (Expense), Effective Portion, Net

$ 0.0

0.4

$ 0.2

0.4

Senior notes due 2027 [Member]

Long-term Debt, Carrying Amount

€ 600.0

^[1]

685.9

$ 658.3

679.5

Senior notes due 2024 [Member]

3.125%

Long-term Debt, Carrying Amount

€ 350.0

^[1]

$ 400.1

$ 384.3

$ 396.5

Net gain on net investment hedges, net of tax

3.625%

[1]	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.

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	6 Months Ended
FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Aug. 04, 2019	Aug. 05, 2018	Feb. 03, 2019	Feb. 04, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment of long-lived assets	$ 87.8	$ 0.0
Cash and cash equivalents	433.5	431.1	$ 452.0	$ 493.9
Short-term borrowings	183.2	85.4	12.8
Long-term debt (including portion classified as current), carrying amount	2,784.2	2,893.5	2,819.4
Fair Value, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward exchange contracts, assets	40.5	27.5	24.8
Interest rate swap agreements, assets	0.3	2.7	1.4
Total Assets, Fair Value	40.8	30.2	26.2
Foreign currency forward exchange contracts, liabilities	3.9	3.4	6.2
Interest rate swap agreements, liabilities	7.0	0.1	2.8
Total Liabilities	10.9	3.5	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	10.8
Impairment of long-lived assets	10.8
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	87.8
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	433.5	431.1	452.0
Short-term borrowings	183.2	85.4	12.8
Long-term debt (including portion classified as current), carrying amount	2,784.2	2,893.5	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	433.5	431.1	452.0
Short-term borrowings, fair value	183.2	85.4	12.8
Long-term debt (including portion classified as current), fair value	2,949.6	2,955.4	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	40.5	27.5	24.8
Interest rate swap agreements, assets	0.3	2.7	1.4
Total Assets, Fair Value	40.8	30.2	26.2
Foreign currency forward exchange contracts, liabilities	3.9	3.4	6.2
Interest rate swap agreements, liabilities	7.0	0.1	2.8
Total Liabilities	10.9	$ 3.5	$ 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	32.6
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	49.6
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	$ 5.6

STOCK BASED COMPENSATION - Stock Incentive Plan (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 28.3	$ 26.8
Recognized income tax benefits associated with stock-based compensation expense	3.4	5.3
Tax benefits realized from certain transactions associated with stock plan	8.5	13.1
Discrete Net Excess Tax Benefits from Share-Based Compensation recognized in Provision for Income Taxes	$ 1.1	$ 4.9

STOCK-BASED COMPENSATION - Stock Option Activity (Details) - USD ($)	6 Months Ended
	Aug. 04, 2019	Aug. 05, 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 the 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	169,000
Service-based stock options, exercised	24,000
Service-based stock options, cancelled	17,000
Service-based stock options, outstanding, end of period	919,000
Service-based stock options, exercisable	605,000
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	111.92
Service-based stock options, exercised, weighted average price per option	78.96
Service-based stock options, cancelled, weighted average price per option	123.32
Service-based stock options, outstanding, weighted average price per option, end of period	109.03
Service-based stock options, exercisable, weighted average price per option	$ 105.88
Black-Scholes-Merton Model [Member]
Assumptions used to estimate fair value of service-based stock options [Abstract]
Weighted average risk-free interest rate	2.15%	2.78%
Weighted average expected stock option term (in years)	6 years 3 months	6 years 3 months
Weighted average Company volatility	29.88%	26.92%
Expected annual dividends per share	$ 0.15	$ 0.15
Weighted average grant date fair value per stock option	$ 37.14	$ 51.66

STOCK-BASED COMPENSATION - RSU, Restricted Stock and Performance Share Activity (Details) - USD ($)	6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in number of shares available for grant by each RSU or PSU award	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 the 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 the 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 the 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	595,000
Other than options, vested number	336,000
Other than options, cancelled number	49,000
Other than options, non-vested number, end of period	1,057,000
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	110.67
Other than options, vested, weighted average grant date fair value	116.10
Other than options, cancelled, weighted average grant date fair value	125.87
Other than options, non-vested, weighted average grant date fair value, end of period	$ 118.09
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	72,000
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	8,000
Other than options, non-vested number, end of period	181,000
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	119.46
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	117.27
Other than options, non-vested, weighted average grant date fair value, end of period	$ 119.63
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	2.13%	2.62%
Weighted average Company volatility	30.25%	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	$ 119.46	$ 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%

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Aug. 04, 2019

May 05, 2019

Aug. 05, 2018

May 06, 2018

Aug. 04, 2019

Aug. 05, 2018

$ (3.5)

$ (26.9)

$ (25.9)

$ (63.9)

Change in accumulated other comprehensive loss [Roll Forward]

$ (507.9)

(507.9)

(27.7)

(98.1)

(103.5)

(183.2)

Foreign currency translation adjustments

(611.4)

(504.7)

(611.4)

(504.7)

Net gain on net investment hedges, net of tax

25.9

63.9

Change in accumulated other comprehensive loss [Roll Forward]

Other comprehensive (loss) income, before reclassifications, net of tax

(537.6)

$ (249.4)

(537.6)

(249.4)

^[1],[2]

(116.4)

(274.2)

Less: Amounts reclassified from AOCL, net of tax

0.0

(116.4)

(274.2)

Net unrealized and realized gain (loss) on effective cash flow hedges

(654.0)

(523.6)

(654.0)

(523.6)

Change in accumulated other comprehensive loss [Roll Forward]

Other comprehensive (loss) income, before reclassifications, net of tax

29.7

(72.1)

29.7

(72.1)

37.3

63.9

Less: Amounts reclassified from AOCL, net of tax

10.1

(5.0)

24.4

(27.1)

12.9

91.0

Net gain on net investment hedges, net of tax

42.6

18.9

42.6

18.9

Total

3.5

22.4

26.9

37.0

Change in accumulated other comprehensive loss [Roll Forward]

Other comprehensive (loss) income, before reclassifications, net of tax

$ (507.9)

$ (321.5)

(507.9)

(321.5)

(79.1)

(210.3)

Less: Amounts reclassified from AOCL, net of tax

24.4

(27.1)

(103.5)

(183.2)

$ (611.4)

$ (504.7)

$ (611.4)

$ (504.7)

[1]	Foreign currency translation adjustments included a net gain on net investment hedges of $25.9 million and $63.9 million during the twenty-six weeks ended August 4, 2019 and August 5, 2018, respectively.
[2]	Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Net unrealized and realized gain (loss) on effective cash flow hedges
Reclassification from AOCL, Current Period, Net of Tax	$ 10.1	$ (5.0)	$ 24.4	$ (27.1)
Income tax expense [Member]
Reclassification from AOCL, Current Period, Tax	0.6	(0.3)	1.5	(1.1)
Foreign Exchange Forward Inventory Purchases [Member] \| Cost of Sales [Member]
Reclassification from AOCL, Current Period, before Tax	10.7	(5.7)	25.7	(28.6)
Interest Rate Swap [Member] \| Interest Expense [Member]
Reclassification from AOCL, Current Period, before Tax	$ 0.0	$ 0.4	$ 0.2	$ 0.4

STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions	Aug. 04, 2019	May 05, 2019	Aug. 05, 2018	May 06, 2018	Aug. 04, 2019	Aug. 05, 2018
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Number of Shares Repurchased	711,895	659,630	553,837	494,898
Stock Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 2,000.0				$ 2,000.0
Stock Repurchase Program, Number of Shares Repurchased					1,200,000	900,000
Stock Repurchase Program, Amount Purchased During Period					$ 126.9	$ 137.5
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 881.4				$ 881.4

LEASES (Details) $ in Millions	6 Months Ended
LEASES (Details) $ in Millions	Aug. 04, 2019 USD ($) stores	Aug. 05, 2018 USD ($)
Lessee, Lease, Description [Line Items]
Sale Leaseback Transaction, Transaction Costs, Investing Activities \| $	$ 1.0
Proceeds from sale of building \| $	$ 59.4	$ 0.0
Lessee, Operating Lease, Term of Contract	5 years
Operating Lease, Weighted Average Remaining Lease Term	7 years 18 days
Finance Lease, Weighted Average Remaining Lease Term	4 years 5 months 10 days
Operating Lease, Weighted Average Discount Rate, Percent	4.43%
Finance Lease, Weighted Average Discount Rate, Percent	3.27%
Lessee, Operating Lease, Renewal Term	5 years
Renewal Options	3
Company-operated free-standing retail store locations [Member]
Lessee, Lease, Description [Line Items]
Number of Stores \| stores	1,825
Number of Countries \| stores	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

LEASES Components of Net Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 04, 2019	Aug. 04, 2019
Leases [Abstract]
Finance lease cost, Amortization of right-of-use assets	$ 1.4	$ 2.7
Finance lease cost, Interest on lease liabilities	0.2	0.3
Total finance lease cost	1.6	3.0
Operating lease cost	115.4	228.3
Short-term lease cost	5.3	8.8
Variable lease cost	36.6	66.9
Less: sublease income	(0.0)	(0.1)
Total net lease cost	$ 158.9	$ 306.9

LEASES Supplemental balance sheet information related to leases (Details) - USD ($) $ in Millions	Aug. 04, 2019	Feb. 03, 2019	Aug. 05, 2018
Right-of-use assets:
Operating lease	$ 1,660.7	$ 0.0	$ 0.0
Finance lease	14.2
Total right-of-use assets	1,674.9
Current lease liabilities
Operating lease	345.2	0.0	0.0
Finance lease	4.7
Total current lease liabilities	349.9
Other lease liabilities:
Operating lease	1,535.5	$ 0.0	$ 0.0
Finance lease	10.6
Total other lease liabilities	$ 1,546.1

LEASES Supplemental cash flow information related to leases (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 234.5
Operating cash flows from finance leases	0.3
Financing cash flows from finance leases	2.9	$ 2.6
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	244.1
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 1.4

LEASES Maturities of Lease Liabilities (Details) $ in Millions	Aug. 04, 2019 USD ($)
Finance Lease, Liability, Payment, Due [Abstract]
Remainder of 2019	$ 2.7
2020	4.8
2021	4.1
2022	2.1
2023	0.6
Thereafter	2.6
Total lease payments	16.9
Less: Interest	(1.6)
Total lease liabilities	15.3
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2019	198.9
2020	421.1
2021	358.9
2022	289.6
2023	219.8
Thereafter	732.4
Total lease payments	2,220.7
Less: Interest	(340.0)
Total lease liabilities	1,880.7
Finance and Operating Lease, Liability, Total Payment, Due [Abstract]
Remainder of 2019	201.6
2020	425.9
2021	363.0
2022	291.7
2023	220.4
Thereafter	735.0
Total lease payments	2,237.6
Less: Interest	(341.6)
Total lease liabilities	$ 1,896.0

EXIT ACTIVITY COSTS (Details) - Calvin Klein Restructuring [Member]
$ in Millions

3 Months Ended

6 Months Ended

Aug. 04, 2019

USD ($)

Aug. 04, 2019

USD ($)

$ 146.0

140.1

Total liability, beginning of period

28.1

Restructuring and Related Costs, Incurred Costs Excluding Long-Lived Asset Impairments and Inventory Markdowns

29.1

99.4

48.3

Exit activity costs paid

54.6

Total liability, end of period

21.8

Severance, termination benefits and other employee costs

52.5

51.7

Total liability, beginning of period

25.8

Total liability, end of period

5.7

24.4

Exit activity costs paid

34.8

15.4

Long-lived asset impairments

45.1

^[1]

45.1

^[1]

45.1

^[1]

45.1

^[1]

Contract termination and other costs

3.1

^[1]

38.2

^[1]

31.4

28.2

Total liability, beginning of period

2.3

Total liability, end of period

9.1

23.9

Exit activity costs paid

19.8

6.4

Inventory markdowns [Member]

17.0

15.1

Calvin Klein North America [Member]

11.2

12.9

86.0

84.0

Calvin Klein North America [Member] | Exit activity costs excluding inventory markdowns

14.2

65.1

Calvin Klein North America [Member] | Inventory markdowns [Member]

58.6

Calvin Klein International [Member]

6.5

60.0

56.1

Calvin Klein International [Member] | Exit activity costs excluding inventory markdowns

$ 14.9

34.3

Calvin Klein International [Member] | Inventory markdowns [Member]

27.9

$ 6.4

[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.

NET INCOME PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Aug. 05, 2018	Aug. 04, 2019	Aug. 05, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income attributable to PVH Corp.	$ 193.5	$ 165.2	$ 275.5	$ 344.6
Weighted average common shares outstanding for basic net income per common share	74.8	77.0	75.0	77.0
Weighted average impact of dilutive securities	0.3	0.9	0.5	1.0
Total shares for diluted net income per common share	75.1	77.9	75.5	78.0
Basic net income per common share attributable to PVH Corp.	$ 2.59	$ 2.15	$ 3.67	$ 4.47
Diluted net income per common share attributable to PVH Corp.	$ 2.58	$ 2.12	$ 3.65	$ 4.42
Weighted average potentially dilutive securities	1.3	0.3	0.9	0.2

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

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.

+ References

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+ Details

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

NONCASH INVESTING AND FINANCING ACTIVITIES (Details) - USD ($) $ in Millions			6 Months Ended
	May 31, 2019	Apr. 20, 2018	Aug. 04, 2019	Aug. 05, 2018
Nonmonetary Transaction [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			$ 113.1	$ 0.0
Capital Lease Obligation Incurred				$ 1.2
Treasury Stock, Shares Purchased Not Yet Settled			2.0
Write off of deferred debt issuance costs			$ 1.7
Australia Acquisition [Member]
Nonmonetary Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	6.00%
Business Ownership Percentage	100.00%
Pre-Acquisition Accounts Receivable	$ 2.2
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	113.1
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
Gazal Corporation Limited [Member] \| Australia Acquisition [Member]
Nonmonetary Transaction [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	23.6
PVH Australia [Member] \| Australia Acquisition [Member]
Nonmonetary Transaction [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	$ 89.5

SEGMENT DATA (Details)
$ in Millions

3 Months Ended

6 Months Ended

May 31, 2019

USD ($)

Aug. 04, 2019

USD ($)

Aug. 05, 2018

USD ($)

Aug. 04, 2019

USD ($)

Aug. 05, 2018

USD ($)

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain

$ 113.1

$ 0.0

Segment Reporting, Number of Reportable Segments

$ 0.0

$ 5.2

0.0

Revenue:

^[1]

2,364.2

2,333.7

4,720.5

4,648.3

Calvin Klein Restructuring [Member]

^[2]

249.8

231.4

384.9

475.7

Restructuring and Related Cost, Incurred Cost

29.1

99.4

Socks and hosiery transaction [Member]

59.8

Net sales

Revenue:

2,249.0

2,223.2

4,486.3

4,416.7

Royalty revenue

Revenue:

Advertising and other revenue

85.8

81.5

175.2

170.9

Revenue:

Calvin Klein North America [Member]

29.4

29.0

59.0

60.7

Revenue:

^[1]

408.8

467.5

832.8

882.0

Calvin Klein North America [Member] | Calvin Klein Restructuring [Member]

^[2]

11.3

^[3],[4]

59.8

12.7

^[3],[5]

103.3

Restructuring and Related Cost, Incurred Cost

14.2

65.1

Calvin Klein North America [Member] | Socks and hosiery transaction [Member]

Calvin Klein North America [Member] | Net sales

25.5

Revenue:

Calvin Klein North America [Member] | Royalty revenue

366.1

425.0

744.5

792.3

Revenue:

Calvin Klein North America [Member] | Advertising and other revenue

31.5

32.0

64.9

66.0

Revenue:

Calvin Klein International [Member]

11.2

10.5

23.4

23.7

Revenue:

^[1]

464.5

457.6

930.1

933.1

Calvin Klein International [Member] | Calvin Klein Restructuring [Member]

^[2]

6.6

^[3],[4],[6]

45.2

53.5

^[3],[5],[6]

110.3

Restructuring and Related Cost, Incurred Cost

14.9

34.3

Calvin Klein International [Member] | Socks and hosiery transaction [Member]

Calvin Klein International [Member] | Net sales

26.8

Revenue:

Calvin Klein International [Member] | Royalty revenue

440.4

435.3

881.5

884.1

Revenue:

Calvin Klein International [Member] | Advertising and other revenue

17.9

16.0

35.8

34.5

Revenue:

Tommy Hilfiger North America [Member]

6.2

6.3

12.8

14.5

Tommy Hilfiger Store Closures

54.9

Revenue:

^[1]

413.0

436.6

784.8

797.8

Tommy Hilfiger North America [Member] | Socks and hosiery transaction [Member]

^[2]

48.3

^[3]

74.2

33.6

^[3],[7]

115.0

Tommy Hilfiger North America [Member] | Net sales

7.5

Revenue:

Tommy Hilfiger North America [Member] | Royalty revenue

390.1

417.8

737.9

756.7

Revenue:

Tommy Hilfiger North America [Member] | Advertising and other revenue

18.1

14.5

36.8

32.9

Revenue:

Tommy Hilfiger International [Member]

4.8

4.3

10.1

8.2

Revenue:

^[1]

697.2

592.0

1,377.5

1,246.6

Tommy Hilfiger International [Member] | Net sales

^[2]

99.8

^[6]

59.8

^[8]

206.6

^[6]

151.0

^[8]

Revenue:

Tommy Hilfiger International [Member] | Royalty revenue

679.0

572.3

1,341.7

1,209.5

Revenue:

Tommy Hilfiger International [Member] | Advertising and other revenue

12.4

13.0

25.6

25.0

Revenue:

Heritage Brands Wholesale [Member]

5.8

6.7

10.2

12.1

Revenue:

^[1]

310.6

308.1

667.0

655.2

Heritage Brands Wholesale [Member] | Net sales

^[2]

14.0

^[6]

26.5

53.0

^[6]

66.3

Revenue:

Heritage Brands Wholesale [Member] | Royalty revenue

304.4

302.0

654.7

642.8

Revenue:

Heritage Brands Wholesale [Member] | Advertising and other revenue

5.0

10.1

10.4

Revenue:

Heritage Brands Retail [Member]

1.2

1.1

2.2

2.0

Revenue:

^[1]

70.1

71.9

128.3

133.6

Heritage Brands Retail [Member] | Net sales

^[2]

3.1

6.1

4.1

7.9

Revenue:

Heritage Brands Retail [Member] | Royalty revenue

69.0

70.8

126.0

131.3

Revenue:

Heritage Brands Retail [Member] | Advertising and other revenue

0.9

1.0

2.0

2.1

Revenue:

Corporate Segment [Member]

0.2

0.1

0.3

0.2

6.2

Australia and TH CSAP Acquisitions [Member]

^[2],[9]

66.7

^[6],[10]

(40.2)

21.4

^{[6],[10],[11]}

(78.1)

Australia and TH CSAP Acquisitions [Member] | Calvin Klein International [Member]

4.8

Australia and TH CSAP Acquisitions [Member] | Tommy Hilfiger International [Member]

1.5

Australia and TH CSAP Acquisitions [Member] | Heritage Brands Wholesale [Member]

2.5

Australia and TH CSAP Acquisitions [Member] | Corporate Segment [Member]

0.4

Australia Acquisition [Member]

2.5

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain

$ 113.1

Australia Acquisition [Member] | Corporate Segment [Member]

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain

113.1

Tommy Hilfiger China Acquisition [Member] | Tommy Hilfiger International [Member]

Amortization of Intangible Assets

$ 6.7

$ 13.6

Gazal and PVH Australia [Member] | Australia Acquisition [Member]

Business Combination, Costs Related to Equity Investment

$ 2.1

[1]	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2]	Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[3]	Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included costs of $59.8 million in connection with agreements the Company entered into in the second quarter of 2019 to terminate early the licenses for the global Calvin Klein and Tommy Hilfiger North America socks and hosiery businesses in conjunction with the Company’s plan to consolidate the socks and hosiery business for all Company brands in North America in a newly formed joint venture, which is expected to begin operations in December 2019, and to bring in-house the international Calvin Klein socks and hosiery business. Such costs were included in the Company’s segments as follows: $7.5 million in Tommy Hilfiger North America, $25.5 million in Calvin Klein North America and $26.8 million in Calvin Klein International.
[4]	Income before interest and taxes for the thirteen weeks ended August 4, 2019 included costs of $29.1 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $14.2 million in Calvin Klein North America and $14.9 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.
[5]	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $99.4 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $65.1 million in Calvin Klein North America and $34.3 million in Calvin Klein International. Please see Note 17, “Exit Activity Costs,” for further discussion.
[6]	Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included costs of $4.8 million in connection with the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments, and one-time costs of $2.1 million recorded on the Company’s equity investments in Gazal and PVH Australia prior to the Australia acquisition closing. Such costs were included in the Company’s segments as follows: $2.5 million in Tommy Hilfiger International, $1.5 million in Calvin Klein International, $0.4 million in Heritage Wholesale and $2.5 million in corporate expenses not allocated to any reportable segments. Please see Note 4, “Acquisitions,” for further discussion.
[7]	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $54.9 million incurred in connection with the TH U.S. store closures, primarily consisting of noncash lease asset impairments. Please see Note 12, “Fair Value Measurements,” for further discussion.
[8]	Income before interest and taxes for the thirteen and twenty-six weeks ended August 5, 2018 included costs of $6.7 million and $13.6 million, respectively, associated with the acquisition of the 55% ownership interests in TH Asia, Ltd., the Company’s former joint venture for TOMMY HILFIGER in China, that the Company did not already own, consisting of noncash amortization of short-lived assets.
[9]	Includes corporate expenses not allocated to any reportable segments, the Company’s proportionate share of the net income or loss of its investments in Gazal (prior to the Australia acquisition closing) and Karl Lagerfeld Holding B.V., and the results of PVH Ethiopia. Please see Note 4, “Acquisitions,” for further discussion. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans (which are generally recorded in the fourth quarter) and gains and losses from changes in the fair value of foreign currency option contracts.
[10]	Income before interest and taxes for the thirteen and twenty-six weeks ended August 4, 2019 included a noncash gain of $113.1 million to write up the Company’s equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition. Please see Note 4, “Acquisitions,” for further discussion.
[11]	Income before interest and taxes for the twenty-six weeks ended August 4, 2019 included costs of $6.2 million related to the refinancing of the Company’s senior credit facilities. Please see Note 9, “Debt,” for further discussion.

Revenue by Distribution Channel (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Aug. 04, 2019

Aug. 05, 2018

Aug. 04, 2019

Aug. 05, 2018

^[1]

$ 2,364.2

$ 2,333.7

$ 4,720.5

$ 4,648.3

Net sales

2,249.0

2,223.2

4,486.3

4,416.7

Net sales | Wholesale

1,137.8

1,130.5

2,498.5

2,414.6

Net sales | Retail

1,111.2

1,092.7

1,987.8

2,002.1

Royalty revenue

Advertising and other revenue

85.8

81.5

175.2

170.9