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Cost of goods sold (exclusive of depreciation and amortization)

^[1],[2]

$ 9,909.0

$ 9,656.8

$ 8,914.8

4,520.6

4,348.5

4,020.4

Gross profit

5,388.4

5,308.3

4,894.4

Selling, general and administrative expenses

4,715.2

4,432.8

4,245.2

90.0

5.1

3.0

Equity in net income of unconsolidated affiliates

5.2

0.0

23.9

Other noncash loss, net

28.9

0.0

9.6

21.3

10.1

Income before interest and taxes

^[3]

558.7

891.7

632.4

Interest expense

120.0

120.8

128.5

Interest income

5.3

4.7

6.3

Income before taxes

444.0

775.6

510.2

Income tax expense (benefit)

28.9

31.0

(25.9)

Net income

415.1

744.6

536.1

Less: Net loss attributable to redeemable non-controlling interest

(2.2)

(1.8)

(1.7)

Basic net income per common share attributable to PVH Corp.

$ 417.3

$ 746.4

$ 537.8

$ 5.63

$ 9.75

$ 6.93

Diluted net income per common share attributable to PVH Corp.

$ 5.60

$ 9.65

$ 6.84

Net sales

$ 9,400.0

$ 9,154.2

$ 8,439.4

Royalty revenue

Advertising and other revenue

379.9

375.9

366.3

$ 129.1

$ 126.7

$ 109.1

[1]	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2]	No single customer accounted for more than 10% of the Company’s revenue in 2019, 2018 or 2017.
[3]	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 (LOSS) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Net income	$ 415.1	$ 744.6	$ 536.1
Foreign currency translation adjustments	(157.8)	(361.3)	561.3
Net unrealized and realized (loss) gain related to effective cash flow hedges, net of tax	(4.1)	101.8	(99.1)
Net gain (loss) on net investment hedges, net of tax	29.7	73.1	(70.8)
Total other comprehensive (loss) income	(132.2)	(186.4)	391.4
Comprehensive income	282.9	558.2	927.5
Less: Comprehensive loss attributable to redeemable non-controlling interest	(2.2)	(1.8)	(1.7)
Comprehensive income attributable to PVH Corp.	$ 285.1	$ 560.0	$ 929.2

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Cash and cash equivalents

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Net unrealized and realized (loss) gain related to effective cash flow hedges, tax (benefit) expense	$ (1.0)	$ 3.2	$ 0.1
Net gain (loss) on net investment hedges, tax expense (benefit)	$ 9.6	$ 22.5	$ (28.7)

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Feb. 02, 2020

Feb. 03, 2019

Current Assets:

$ 503.4

$ 452.0

Trade receivables, net of allowances for doubtful accounts of $21.1 and $21.6

741.4

777.8

Other receivables

23.7

26.0

Inventories, net

1,615.7

1,732.4

Prepaid expenses

159.9

168.7

Other

112.9

81.7

Assets held for sale

237.2

0.0

Total Current Assets

3,394.2

3,238.6

Property, Plant and Equipment, net

^[1]

1,026.8

984.5

Operating Lease, Right-of-Use Asset

1,675.8

0.0

Goodwill

3,677.6

3,670.5

Tradenames

2,830.2

2,863.7

Other Intangibles, net

650.5

705.5

Other Assets, including deferred taxes of $40.3 and $40.5

375.9

400.9

Total Assets

^[4]

13,631.0

^[2],[3]

11,863.7

Current Liabilities:

Accounts payable

882.8

924.2

Accrued expenses

929.6

891.6

Deferred revenue

64.7

65.3

Current portion of operating lease liabilities

363.5

0.0

Short-term borrowings

49.6

12.8

Current portion of long-term debt

13.8

0.0

57.1

0.0

Total Current Liabilities

2,361.1

1,893.9

Long-Term Portion of Operating Lease Liabilities

1,532.0

0.0

Long-Term Debt

2,693.9

2,819.4

Other Liabilities, including deferred taxes of $558.1 and $565.2

1,234.5

1,322.4

Preferred stock, par value $100 per share; 150,000 total shares authorized

(2.0)

0.2

Stockholders' Equity:

0.0

Common stock, par value $1 per share; 240,000,000 shares authorized; 85,890,276 and 85,446,141 shares issued

85.9

85.4

Additional paid in capital - common stock

3,075.4

3,017.3

Retained earnings

4,753.0

4,350.1

Accumulated other comprehensive loss

(640.1)

(507.9)

Less: 13,597,113 and 10,042,510 shares of common stock held in treasury, at cost

(1,462.7)

(1,117.1)

Total Stockholders' Equity

5,811.5

5,827.8

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity

$ 13,631.0

$ 11,863.7

[1]	Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.
[2]	Identifiable assets in 2019 included the impact of the Australia acquisition. Please see Note 3, “Acquisitions,” for a further discussion.
[3]	Identifiable assets include the impact related to the adoption of accounting guidance for leases in 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. Please see Note 17, “Leases,” for further discussion.
[4]	Identifiable assets included the impact of changes in foreign currency exchange rates.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Feb. 02, 2020	Feb. 03, 2019
Current Assets:
Allowance for doubtful accounts	$ 21.1	$ 21.6
Other Assets:
Other assets, deferred taxes	40.3	40.5
Liabilities:
Other liabilities, deferred taxes	$ 558.1	$ 565.2
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	150,000	150,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	240,000,000	240,000,000
Common stock, shares issued (in shares)	85,890,276	85,446,141
Shares of common stock held in treasury, at cost (in shares)	13,597,113	10,042,510

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

OPERATING ACTIVITIES

Net income

$ 415.1

$ 744.6

$ 536.1

Adjustments to reconcile to net cash provided by operating activities:

Depreciation and amortization

323.8

334.8

324.9

Equity in net income of unconsolidated affiliates

(9.6)

(21.3)

(10.1)

Deferred taxes

(72.9)

^[1]

(113.3)

^[1]

(224.6)

56.1

56.2

44.9

Actuarial loss on retirement and benefit plans

109.9

^[2]

17.9

7.5

97.8

15.0

2.5

Settlement loss on retirement plans

0.0

9.4

Changes in operating assets and liabilities:

5.2

0.0

23.9

Other noncash loss, net

28.9

0.0

Trade receivables, net

(17.1)

(151.4)

3.3

Other receivables

1.0

10.7

(11.7)

Inventories, net

121.4

(212.1)

(163.5)

Accounts payable, accrued expenses and deferred revenue

47.8

112.9

185.9

Prepaid expenses

(14.4)

8.5

(41.0)

Employer pension contributions

(0.7)

(10.0)

(0.3)

Contingent purchase price payments to Mr. Calvin Klein

0.0

(15.9)

(55.6)

Other, net

(72.0)

75.9

12.6

Net cash provided by operating activities

1,020.3

852.5

644.2

INVESTING ACTIVITIES

Acquisitions, net of cash acquired

(192.4)

(15.9)

(40.1)

Purchase of property, plant and equipment

(345.2)

(379.5)

(358.1)

Proceeds from sale of building

59.4

0.0

3.4

Investments to unconsolidated affiliates

(27.7)

0.0

(14.2)

Payment received on advance to unconsolidated affiliate

0.0

6.3

Net cash used by investing activities

^[3]

(505.9)

(395.4)

(402.7)

Proceeds from 2019 facilities, net of related fees

1,639.8

0.0

Net (payments on) proceeds from short-term borrowings

(12.1)

(6.7)

0.4

Repayments of Secured Debt

(1,649.3)

0.0

Repayments of 2019 facilities

(70.6)

0.0

Net proceeds from settlement of awards under stock plans

2.5

20.4

30.0

Cash dividends

(11.3)

(11.6)

(11.9)

Acquisition of treasury shares

(345.1)

(325.2)

(259.1)

Payments of finance lease obligations

(5.5)

(5.4)

(5.1)

Tommy Hilfiger India contingent purchase price payments

0.0

(0.8)

Contributions from non-controlling interest

0.0

1.7

Net cash used by financing activities

^[2]

(451.6)

(478.5)

(509.0)

Effect of exchange rate changes on cash and cash equivalents

(11.4)

(20.5)

31.3

(Decrease) increase in cash and cash equivalents

51.4

(41.9)

(236.2)

Cash and cash equivalents at beginning of year

452.0

493.9

730.1

Cash and cash equivalents at end of year

503.4

452.0

493.9

Senior Notes Due 2027 [Member]

Proceeds from 3 1/8% senior notes, net of related fees

0.0

701.6

Senior notes due 2022 [Member]

Repayments of Secured Debt

0.0

(715.8)

2016 and 2014 facilities [Member]

Repayments of Secured Debt

0.0

$ (150.0)

$ (250.0)

Adjustments to reconcile to net cash provided by operating activities:

Fair Value, Nonrecurring [Member] | Perpetual License Rights [Member]

116.4

Adjustments to reconcile to net cash provided by operating activities:

Increase (Decrease) in Stockholders' Equity [Roll Forward]

$ 116.4

[1]	Includes the impact of the U.S. Tax Legislation in 2018 and 2017 and the impact of the 2019 Dutch Tax Plan in 2018. Please see Note 10 for further information.
[2]	Noncash impairment charge of $116.4 million related to the sale of the Speedo North America business is included in Other noncash loss, net. Please see Note 4 for further information.
[3]	Please see Note 20 for information on noncash investing and financing transactions.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - 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

Cumulative-effect adjustment related to the adoption of accounting guidance | Accounting Standards Update 2016-09 [Member]

$ 2.0

$ 1.1

$ (0.8)

$ 0.3

Balance at Jan. 29, 2017

$ 0.0

$ 83.9

2,866.2

3,098.0

$ (710.8)

$ (532.8)

4,804.5

Balance (in shares) at Jan. 29, 2017

83,923,184

Increase (Decrease) in Stockholders' Equity [Roll Forward]

$ 537.8

537.8

Net unrealized and realized (loss) gain related to effective cash flow hedges, net of tax

561.3

(99.1)

Net gain (loss) on net investment hedges, net of tax

(70.8)

Comprehensive income attributable to PVH Corp.

929.2

Reclassification related to the adoption of accounting guidance for certain tax effects in connection with the U.S. Tax Legislation

2.1

(2.1)

^[1]

0.0

Settlement of awards under stock plans (in shares)

927,895

Settlement of awards under stock plans

$ 1.0

29.0

30.0

Cash dividends ($0.15 per share)

44.9

(11.9)

Acquisition of treasury shares during period

(260.6)

Contributions from the minority shareholder

1.7

Net loss attributable to redeemable non-controlling interest

(1.7)

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]

Cumulative-effect adjustment related to the adoption of accounting guidance | Accounting Standards Update 2014-09 [Member]

2.0

(1.9)

Cumulative-effect adjustment related to the adoption of accounting guidance | Accounting Standards Update 2016-16 [Member]

(8.0)

746.4

Net unrealized and realized (loss) gain related to effective cash flow hedges, net of tax

(361.3)

101.8

Net gain (loss) on net investment hedges, net of tax

73.1

Comprehensive income attributable to PVH Corp.

560.0

Cumulative-effect adjustment related to the adoption of accounting guidance for revenue recognition | Accounting Standards Update 2014-09 [Member]

Settlement of awards under stock plans (in shares)

595,062

Settlement of awards under stock plans

$ 0.5

19.9

20.4

Cash dividends ($0.15 per share)

56.2

(11.6)

Acquisition of treasury shares during period

(323.7)

Contributions from the minority shareholder

0.0

Net loss attributable to redeemable non-controlling interest

(1.8)

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

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Cumulative-effect adjustment related to the adoption of accounting guidance | Accounting Standards Update 2016-02 [Member]

$ 0.2

0.2

(3.1)

417.3

Net unrealized and realized (loss) gain related to effective cash flow hedges, net of tax

(157.8)

(4.1)

Net gain (loss) on net investment hedges, net of tax

29.7

Comprehensive income attributable to PVH Corp.

285.1

Settlement of awards under stock plans (in shares)

444,135

Settlement of awards under stock plans

$ 0.5

2.0

2.5

Cash dividends ($0.15 per share)

56.1

(11.3)

Acquisition of treasury shares during period

(345.6)

Contributions from the minority shareholder

0.0

Net loss attributable to redeemable non-controlling interest

(2.2)

Balance at Feb. 02, 2020

$ 5,811.5

$ 0.0

$ 85.9

$ 3,075.4

$ 4,753.0

$ (640.1)

$ (1,462.7)

$ 5,811.5

Balance (in shares) at Feb. 02, 2020

85,890,276

Increase (Decrease) in Stockholders' Equity [Roll Forward]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

$ (2.0)

[1]

The stranded tax effects resulting from the U.S. Tax Legislation were reclassified from AOCL to retained earnings as a result of the Company’s early adoption of an update to accounting guidance in the fourth quarter of 2017. The amount of the reclassification was calculated based on the effect of the change in the United States federal corporate income tax rate on the gross deferred tax amounts at the date of the enactment of the U.S. Tax Legislation related to items that remained in AOCL at that time.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Statement of Stockholders' Equity [Abstract]
Net unrealized and realized (loss) gain related to effective cash flow hedges, tax (benefit) expense	$ (1.0)	$ 3.2	$ 0.1
Net gain (loss) on net investment hedges, tax expense (benefit)	$ 9.6	$ 22.5	$ (28.7)
Cash dividends paid, per share	$ 0.15	$ 0.15	$ 0.15
Acquisition of treasury shares during period, number of shares repurchased	3,554,603	2,370,193	2,300,657

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Feb. 02, 2020

Accounting Policies [Abstract]

Description of Business — 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, as well as various other owned, licensed and, to a lesser extent, private label brands. The Company also licenses Speedo for North America and the Caribbean in perpetuity from Speedo International Limited. The Company entered into a definitive agreement on January 9, 2020 to sell its Speedo North America business to Pentland Group PLC (“Pentland”), the parent company of Speedo International Limited, (the “Speedo transaction”). The Company will deconsolidate the net assets of the Speedo North America business and no longer license the Speedo trademark upon closing of the sale, which is expected to occur in the first quarter of 2020, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, which was received early in the first quarter of 2020.

The Company designs and markets branded dress shirts, neckwear, sportswear (casual apparel), 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.

Principles of Consolidation — 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 7, “Redeemable Non-Controlling Interest,” for further discussion.

Use of Estimates — The preparation of the consolidated 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 the estimates.

Fiscal Year — The Company uses a 52-53 week fiscal year ending on the Sunday closest to February 1. References to a year are to the Company’s fiscal year, unless the context requires otherwise. Results for 2019, 2018 and 2017 represent the 52 weeks ended February 2, 2020, 52 weeks ended February 3, 2019 and 53 weeks ended February 4, 2018, respectively.

Cash and Cash Equivalents — The Company considers all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. Cash equivalents also includes amounts due from third party credit card processors for the settlement of customer debit and credit card transactions that are collectible in one week or less. The Company’s cash and cash equivalents at February 2, 2020 consisted principally of bank deposits and investments in money market funds.

Accounts Receivable — Trade receivables, as presented in the Company’s Consolidated Balance Sheets, are net of returns and allowances. An allowance for doubtful accounts is determined through an analysis of the aging of accounts receivable and assessments of collectibility based on historic trends, the financial condition of the Company’s customers and an evaluation of economic conditions. The Company writes off uncollectible trade receivables once collection efforts have been exhausted and third parties confirm the balance is not recoverable. Costs associated with allowable customer markdowns and operational chargebacks, net of the expected recoveries, are part of the provision for allowances included in accounts receivable. These provisions result from seasonal negotiations, historical experience, and an evaluation of current market conditions.

Goodwill and Other Intangible Assets — The Company assesses the recoverability of goodwill annually, at the beginning of the third quarter of each fiscal year, and between annual tests if an event occurs or circumstances change that would indicate that it is more likely than not that the carrying amount may be impaired. Impairment testing for goodwill is done at the

reporting unit level. A reporting unit is defined as an operating segment or one level below the operating segment, called a component. However, two or more components of an operating segment will be aggregated and deemed a single reporting unit if the components have similar economic characteristics.

The Company assesses qualitative factors to determine whether it is necessary to perform a more detailed two-step quantitative goodwill impairment test. The Company may elect to bypass the qualitative assessment and proceed directly to the quantitative test for any reporting unit. The quantitative goodwill impairment test, if necessary, is a two-step process. The first step is to identify the existence of a potential impairment by comparing the fair value of a reporting unit (the fair value of a reporting unit is estimated using a discounted cash flow model) with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, the reporting unit’s goodwill is considered not to be impaired and performance of the second step of the quantitative goodwill impairment test is unnecessary. However, if the carrying amount of a reporting unit exceeds its fair value, the second step of the quantitative goodwill impairment test is performed to measure the amount of impairment loss to be recorded, if any. The second step of the quantitative goodwill impairment test compares the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. If the carrying amount of a reporting unit’s goodwill exceeds its implied fair value, an impairment loss is recognized in an amount equal to that excess. The implied fair value of goodwill is determined using the same approach as used when determining the amount of goodwill that would be recognized in a business combination. That is, the fair value of the reporting unit is allocated to all of its assets and liabilities as if the reporting unit had been acquired in a business combination and the fair value was the purchase price paid to acquire the reporting unit.

For the 2019 annual goodwill impairment test, the Company elected to bypass the qualitative assessment for all reporting units and proceeded directly to the quantitative impairment test using a discounted cash flow method to estimate the fair value of its reporting units. The Company’s annual goodwill impairment test during 2019 yielded estimated fair values in excess of the carrying amounts for all of the Company’s reporting units and therefore the second step of the quantitative goodwill impairment test was not required. The reporting unit with the least excess fair value had an estimated fair value that exceeded its carrying amount by 15%. No impairment of goodwill resulted from the Company’s annual impairment test in 2019. In the fourth quarter of 2019, the Speedo transaction was a triggering event that indicated that the amount of goodwill allocated to the Heritage Brands Wholesale reporting unit, the reporting unit that includes the Speedo North America business, could be impaired, prompting the need for the Company to perform an interim goodwill impairment test for this reporting unit. No goodwill impairment resulted from this interim test.

For the 2018 annual goodwill impairment test, the Company elected to bypass the qualitative assessment and proceeded directly to the quantitative impairment test using a discounted cash flow method to estimate the fair value of its reporting units. The Company’s annual goodwill impairment test during 2018 yielded estimated fair values in excess of the carrying amounts for the Company’s reporting units, all of which had fair values in excess of the carrying amounts by more than 50%, and therefore the second step of the quantitative goodwill impairment test was not required. No impairment of goodwill resulted from the Company’s annual impairment test in 2018.

Indefinite-lived intangible assets not subject to amortization are tested for impairment annually, at the beginning of the third quarter of each fiscal year, and between annual tests if an event occurs or circumstances change that would indicate that it is more likely than not that the carrying amount may be impaired. The Company assesses qualitative factors to determine whether it is necessary to perform a more detailed quantitative impairment test for its indefinite-lived intangible assets. The Company may elect to bypass the qualitative assessment and proceed directly to the quantitative impairment test. When performing the quantitative test, an impairment loss is recognized if the carrying amount of the asset exceeds the fair value of the asset, which is generally determined using the estimated discounted cash flows associated with the asset’s use. Intangible assets with finite lives are amortized over their estimated useful lives and are tested for impairment along with other long-lived assets when events and circumstances indicate that the assets might be impaired.

For the 2019 annual impairment test of all indefinite-lived intangible assets, except for the Australia reacquired perpetual license rights, the Company elected to bypass the qualitative assessment and proceeded directly to the quantitative impairment test using a discounted cash flow method to estimate fair value. For the Australia reacquired perpetual license rights, since only a few months had passed since the acquisition on May 31, 2019 and the business had performed better than initially expected, the Company determined qualitatively that it was not more likely than not that the fair value of these reacquired perpetual license rights were less than the carrying amount and concluded that the quantitative impairment test was not required. The fair values of all of the Company’s indefinite-lived intangible assets substantially exceed their carrying amounts, with the exception of the Company’s perpetual license right related to its Speedo North America business, which had a fair value that exceeded its

carrying amount by 3% at the testing date. In the fourth quarter of 2019, the Speedo transaction was a triggering event that prompted the need for the Company to perform an interim impairment test of this perpetual license right. As a result of this interim test, the perpetual license right was determined to be impaired and an impairment charge of $116.4 million was recorded in other noncash loss, net in the Company’s Consolidated Income Statement. Please see Note 4, “Assets Held For Sale,” for further discussion.

For the 2018 annual impairment test of all indefinite-lived intangible assets, except for the Geoffrey Beene tradename, the Company elected to bypass the qualitative assessment and proceeded directly to the quantitative impairment test using a discounted cash flow method to estimate fair value. For the Geoffrey Beene tradename, since only a few months had passed since the acquisition on April 20, 2018 and there had not been any significant changes in the business, the Company determined qualitatively that it was not more likely than not that the fair value of this tradename was less than the carrying amount and concluded that the quantitative impairment test was not required. No impairment of indefinite-lived intangible assets resulted from the Company’s annual impairment tests in 2018.

Asset Impairments — The Company reviews for impairment of long-lived assets (excluding goodwill and other indefinite-lived intangible assets) when events and circumstances indicate that the assets might be impaired. The Company records an impairment loss when the carrying amount of the asset is not recoverable and exceeds its fair value. Please see Note 12, “Fair Value Measurements,” for further discussion.

Inventories — Inventories are comprised principally of finished goods and are stated at the lower of cost or net realizable value, except for certain retail inventories in North America that are stated at the lower of cost or market using the retail inventory method. Cost for substantially all wholesale inventories in North America and certain wholesale and retail inventories in Asia is determined using the first-in, first-out method. Cost for all other inventories is determined using the weighted average cost method. The Company reviews current business trends, inventory aging and discontinued merchandise categories to determine adjustments that it estimates will be needed to liquidate existing clearance inventories and record inventories at either the lower of cost or net realizable value or the lower of cost or market using the retail inventory method, as applicable.

Property, Plant and Equipment — Property, plant and equipment is stated at cost less accumulated depreciation. Depreciation is generally provided over the estimated useful lives of the related assets on a straight-line basis. The range of useful lives is principally as follows: Buildings and building improvements — 15 to 40 years; machinery, software and equipment — 2 to 10 years; furniture and fixtures — 2 to 10 years; and fixtures located in shop-in-shop/concession locations and their related costs — 3 to 4 years. Leasehold improvements are depreciated using the straight-line method over the lesser of the term of the related lease or the estimated useful life of the asset. In certain circumstances, contractual renewal options are considered when determining the term of the related lease. Major additions and improvements that extend the useful life of the asset are capitalized, and repairs and maintenance are charged to operations in the period incurred. Depreciation expense totaled $275.0 million, $263.9 million and $252.2 million in 2019, 2018 and 2017, respectively.

Cloud Computing Arrangements — The Company incurs costs to implement cloud computing arrangements that are hosted by a third party vendor. Implementation costs incurred during the application development stage of a project are capitalized and amortized over the term of the hosting arrangement on a straight-line basis. The Company capitalized $16.6 million of costs incurred in 2019 to implement cloud computing arrangements, primarily related to digital and consumer data platforms. Amortization expense totaled $0.9 million in 2019. Cloud computing costs of $15.7 million were included in prepaid expenses and other assets in the Company’s Consolidated Balance Sheet as of February 2, 2020.

The Company’s policy for accounting for implementation costs incurred in a cloud computing arrangement that is a service contract reflects changes made in 2019 following the adoption of the updated cloud computing guidance. Please see the section “Recently Adopted Accounting Guidance” below for further discussion.

Leases — The Company leases retail locations, warehouses, distribution centers, showrooms, office space and a factory in Ethiopia, as well as certain equipment and other assets. The Company recognizes right-of-use assets and lease liabilities at the lease commencement date based on the present value of fixed lease payments over the expected lease term. Operating leases are included in operating lease right-of-use assets, current portion of operating lease liabilities and long-term portion of operating lease liabilities in the Company’s Consolidated Balance Sheet. Finance leases are included in property, plant and equipment, net, accrued expenses and other liabilities in the Company’s Consolidated Balance Sheet. Please see Note 17, “Leases,” and the section “Recently Adopted Accounting Guidance” below for further discussion.

Revenue Recognition — 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. Please see Note 2, “Revenue,” for further discussion.

Cost of Goods Sold and Selling, General and Administrative Expenses — Costs associated with the production and procurement of product are included in cost of goods sold, including inbound freight costs, purchasing and receiving costs, inspection costs and other product procurement related charges, as well as the amounts recognized on foreign currency forward exchange contracts as the underlying inventory hedged by such forward exchange contracts is sold. Generally, all other expenses, excluding non-service related pension and post retirement (income) costs, interest and income taxes, are included in selling, general and administrative (“SG&A”) expenses, including warehousing and distribution expenses, as the predominant expenses associated therewith are general and administrative in nature, including rent, utilities, payroll and depreciation and amortization. Warehousing and distribution expenses, which are subject to exchange rate fluctuations, totaled $351.4 million, $307.7 million and $272.6 million in 2019, 2018 and 2017, respectively.

Shipping and Handling Fees — Shipping and handling fees that are billed to customers are included in net sales. Shipping and handling costs incurred by the Company are recorded in SG&A expenses.

Advertising — Advertising costs are expensed as incurred and are included in SG&A expenses. Advertising expenses, which are subject to exchange rate fluctuations, totaled $509.7 million, $526.0 million and $501.3 million in 2019, 2018 and 2017, respectively. Prepaid advertising expenses recorded in prepaid expenses and other assets totaled $5.9 million and $7.3 million at February 2, 2020 and February 3, 2019, respectively. Costs associated with cooperative advertising programs, under which the Company shares the cost of a customer’s advertising expenditures, are treated as a reduction of revenue.

Sales Taxes — The Company accounts for sales taxes and other related taxes on a net basis, excluding such taxes from revenue.

Income Taxes — Deferred tax assets and liabilities are recognized for temporary differences between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the periods in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts more likely than not to be realized.

Significant judgment is required in assessing the timing and amount of deductible and taxable items, evaluating tax positions and determining the income tax provision. The Company recognizes income tax benefits only when it is more likely than not that the tax position will be fully sustained upon review by taxing authorities, including resolution of related appeals or litigation processes, if any. If the recognition threshold is met, the Company measures the tax benefit at the largest amount with a greater than 50 percent likelihood of being realized upon ultimate settlement. For tax positions that are 50 percent or less likely of being sustained upon audit, the Company does not recognize any portion of that benefit in the financial statements. When the outcome of these tax matters changes, the change in estimate impacts the provision for income taxes in the period that such a determination is made. The Company recognizes interest and penalties related to unrecognized tax benefits in the Company’s income tax provision.

The United States Tax Cuts and Jobs Act of 2017 (the “U.S. Tax Legislation”) was enacted on December 22, 2017. The U.S. Tax Legislation is comprehensive and significantly revised the United States tax code. Please see Note 10, “Income Taxes,” for further discussion of the U.S. Tax Legislation.

Financial Instruments — The Company has exposure to changes in foreign currency exchange rates related to anticipated cash flows primarily 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 secured term loan facilities. The Company enters into interest rate swap agreements to hedge against a portion of this exposure. 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 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. Changes in fair value of the foreign currency forward exchange contracts primarily associated with certain international inventory purchases and the interest rate swap agreements that are designated as effective hedging instruments (collectively referred to as “cash flow hedges”) are recorded in equity as a component of accumulated other comprehensive loss (“AOCL”).

The Company also 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 designates certain foreign currency borrowings issued in the United States as a net investment hedge of its investments in certain of its foreign subsidiaries that use a functional currency other than the United States dollar. Changes in fair value of the foreign currency borrowings designated as net investment hedges are recorded in equity as a component of AOCL. The Company evaluates the effectiveness of its net investment hedges at inception and as of the beginning of each quarter.

The Company records immediately in earnings changes in the fair value of hedges that are not designated as effective hedging instruments (“undesignated contracts”). Undesignated contracts include 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. Undesignated contracts also include foreign currency option contracts previously used by the Company to hedge against changes in foreign currency exchange rates related to the translation of the earnings of the Company’s subsidiaries that use a functional currency other than the United States dollar. The fair value of the foreign currency option contracts was estimated based on external valuation models, which used the original strike price, then current foreign currency exchange rates, the implied volatility in foreign currency exchange rates at the time and length of time to expiration as inputs. All foreign currency option contracts expired in 2017.

The Company does not use derivative or non-derivative financial instruments for trading or speculative purposes. Cash flows from the Company’s hedges are presented in the Consolidated Statements of Cash Flows in the same category as the items being hedged. Please see Note 11, “Derivative Financial Instruments,” for further discussion.

Foreign Currency Translation and Transactions — The consolidated financial statements of the Company are prepared in United States dollars. If the functional currency of a foreign subsidiary is not the United States dollar, assets and liabilities are translated to United States dollars at the closing exchange rate in effect at the applicable balance sheet date and revenue and expenses are translated to United States dollars at the average exchange rate for the applicable period. Gains and losses on the revaluation of intercompany loans made between foreign subsidiaries that are of a long-term investment nature are included in AOCL. Gains and losses arising from transactions denominated in a currency other than the functional currency of a particular entity, not including inventory purchases, are principally included in SG&A expenses and totaled a loss (gain) of $16.2 million, $17.3 million and $(10.2) million in 2019, 2018 and 2017, respectively.

Balance Sheet Classification of Early Settlements of Long-Term Obligations — The Company classifies obligations settled after the balance sheet date but prior to the issuance of the consolidated financial statements based on the contractual payment terms of the underlying agreements.

Pension and Benefit Plans — Employee pension benefits earned during the year, as well as interest on the projected benefit obligations or accumulated benefit obligations, are accrued quarterly. The expected return on plan assets is recognized quarterly and determined at the beginning of the year by applying the expected long-term rate of return on assets to the actual fair value of plan assets adjusted for expected benefit payments, contributions and plan expenses. Actuarial gains and losses are recognized in the Company’s operating results in the year in which they occur. These gains and losses include the difference between the actual return on plan assets and the expected return that was recognized quarterly, as well as the change in the projected benefit obligation caused by actual experience and updated actuarial assumptions differing from those assumptions used to record service and interest cost throughout the year. Actuarial gains and losses are measured at least annually at the end of the Company’s fiscal year and, as such, are generally recorded during the fourth quarter of each year. The service cost component of net benefit cost is recorded in SG&A expenses and the other components of net benefit cost are recorded in non-service related pension and postretirement cost (income) in the Company’s Consolidated Income Statements. Please see Note 13, “Retirement and Benefit Plans,” for further discussion of the Company’s pension and benefit plans.

Stock-Based Compensation — The Company recognizes all share-based payments to employees and non-employee directors, net of actual forfeitures, as compensation expense in the consolidated financial statements based on their grant date fair values. Please see Note 14, “Stock-Based Compensation,” for further discussion.

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 17, “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 and, as a result, has capitalized $16.6 million of costs incurred in 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.

Accounting Guidance Issued But Not Adopted as of February 2, 2020 — The FASB issued in June 2016 an update to accounting guidance that introduces a new impairment model used to measure credit losses for certain financial assets measured at amortized cost, including trade and other receivables. This update requires entities to record an allowance for credit losses using a forward-looking expected loss impairment model that considers historical experience, current conditions, and reasonable and supportable forecasts that affect collectibility, rather than the incurred loss model required under existing guidance. The update will be effective for the Company in the first quarter of 2020. Entities are required to apply the update using a modified-retrospective approach with a cumulative effect adjustment to opening retained earnings in the period of adoption. The adoption of this update is not expected to have a material impact on the Company’s consolidated financial statements.

The FASB issued in December 2019 an update to accounting guidance to simplify the accounting for income taxes by eliminating certain exceptions to the existing guidance and clarifying and amending certain guidance to reduce diversity in practice. The update eliminates certain exceptions to the guidance related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The update also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The update will be effective for the Company in the first quarter of 2021, with early adoption permitted. Most amendments in the update are required to be adopted using a prospective approach, while other amendments must be adopted using a modified-retrospective approach or retrospective approach. The Company is currently evaluating the update to determine the impact of the adoption on the Company’s consolidated financial statements.

REVENUE

12 Months Ended

Feb. 02, 2020

Revenue from Contract with Customer [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. Costs associated with coupons are recorded as a reduction of revenue at the time of coupon redemption.

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. The Company does not charge administrative fees on gift cards nor do they expire. 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 February 2, 2020, 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 $291.5 million as revenue in 2020, $242.4 million in 2021 and $684.2 million thereafter.

Deferred Revenue

Changes in deferred revenue, which primarily relate to customer loyalty programs, gift cards and license agreements for the years ended February 2, 2020 and February 3, 2019, were as follows:



(In millions)	2019			2018
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	60.3			61.3
Reductions in deferred revenue for revenue recognized during the period ⁽¹⁾	(60.9		)	(50.8		)
Deferred revenue balance at end of period	$	64.7		$	65.3

⁽¹⁾ Represents the amount of revenue recognized during the period that was included in the deferred revenue balance at the beginning of the period, as adjusted in 2018 for the impact of adopting the new revenue standard, and does not contemplate revenue recognized from amounts deferred during the period.

The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $10.3 million and $2.3 million as of February 2, 2020 and February 3, 2019, 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 21, “Segment Data,” for information on the disaggregation of revenue by segment and distribution channel.

ACQUISITIONS

12 Months Ended

Feb. 02, 2020

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 that market (the “TH CSAP acquisition”). As a result of the TH CSAP acquisition, the Company now operates directly the Tommy Hilfiger retail business in the Central and Southeast Asia market.

The acquisition date fair value of the consideration paid was $74.3 million. The estimated fair value of the assets acquired consisted of $63.9 million of goodwill and $10.4 million of other net assets. The goodwill of $63.9 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 in Australia, New Zealand and other parts of Oceania under the TOMMY HILFIGER, CALVIN KLEIN and Van Heusen brands, along with other owned and licensed brands. PVH Australia came under the Company’s full control as a result of the acquisition. The Company now operates directly those businesses.

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 loss, net in the Company’s Consolidated Income Statement.

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 the holders had the option to defer half of this tranche to tranche 2; and tranche 2 – all remaining shares two years after the closing. With respect to tranche 1, the holders elected not to defer their shares to tranche 2 and as a result the Company is obligated to purchase all of the tranche 1 shares in the second quarter of 2020. 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 Company recorded a loss of $8.6 million in interest expense during 2019 in connection with the remeasurement of the mandatorily redeemable non-controlling interest to its redemption value, which for tranche 1 reflects the amount expected to be paid under the conditions specified in the terms of the acquisition agreement and for tranche 2 reflects the amount that would be paid under the conditions specified in the terms of the acquisition agreement if settlement had occurred as of February 2, 2020. The liability for the mandatorily redeemable non-controlling interest was $33.8 million as of February 2, 2020 based on exchange rates in effect on that date, of which $16.9 million was included in accrued expenses and $16.9 million was 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	89.9
Prepaid expenses	1.3
Other current assets	3.5
Assets held for sale	58.8
Property, plant and equipment	18.4
Goodwill	65.9
Intangible assets	222.2
Operating lease right-of-use assets	56.4
Total assets acquired	538.1
Accounts payable	14.4
Accrued expenses	22.5
Short-term borrowings	50.5
Current portion of operating lease liabilities	10.9
Long-term portion of operating lease liabilities	43.9
Deferred tax liability	69.6
Other liabilities	1.7
Total liabilities assumed	213.5
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 17, “Leases,” for further discussion of this sale-leaseback transaction.

The goodwill of $65.9 million was assigned as of the acquisition date to the Company’s Tommy Hilfiger International and Calvin Klein International segments in the amounts of $56.8 million and $9.1 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 perpetual license rights of $204.9 million, which are indefinite lived, order backlog of $0.3 million, which was amortized on a straight-line basis over 0.5 years, and customer relationships of $17.0 million, which are being amortized on a straight-line basis over 10.0 years. 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.

Acquisition of the Wholesale and Concessions Businesses in Belgium and Luxembourg

The Company acquired on September 1, 2017 the Tommy Hilfiger and Calvin Klein wholesale and concessions businesses in Belgium and Luxembourg from a former agent (the “Belgian acquisition”). As a result of the Belgian acquisition, the Company now operates directly the Tommy Hilfiger and Calvin Klein businesses in this region.

The acquisition date fair value of the consideration paid was $12.0 million. The estimated fair value of assets acquired and liabilities assumed consisted of $12.4 million of goodwill and $0.4 million of other net liabilities. The goodwill of $12.4 million was assigned as of the acquisition date to the Company’s Tommy Hilfiger International and Calvin Klein International segments in the amounts of $11.1 million and $1.3 million, respectively, which are the Company’s reporting units that are expected to benefit from the synergies of the combination. Goodwill is not deductible for tax purposes. The Company finalized the purchase price allocation in 2018.

Acquisition of True & Co.

The Company acquired on March 30, 2017 True & Co., a direct-to-consumer intimate apparel digital-centric retailer. This acquisition enabled the Company to participate further in the fast-growing online channel and provided a platform to increase innovation, data-driven decisions and speed in the way it serves its consumers across its channels of distribution.

The acquisition date fair value of the consideration paid was $28.5 million. The estimated fair value of assets acquired and liabilities assumed consisted of $20.9 million of goodwill and $7.6 million of other net assets (including $7.3 million of deferred tax assets and $0.4 million of cash acquired). The goodwill of $20.9 million was assigned as of the acquisition date to the Company’s Calvin Klein North America, Calvin Klein International and Heritage Brands Wholesale segments in the amounts of $5.4 million, $4.8 million and $10.7 million, respectively, which include the Company’s reporting units that are expected to benefit from the synergies of the combination. For those reporting units that had not been assigned any of the assets acquired or liabilities assumed in the acquisition, the amount of goodwill assigned was determined by calculating the estimated fair value of such reporting units before and after the acquisition. Goodwill is not deductible for tax purposes. The Company finalized the purchase price allocation in 2017.

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Feb. 02, 2020

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, at cost, was as follows:



(In millions)	2019			2018
Land	$	1.0		$	1.0
Buildings and building improvements	53.2			54.8
Machinery, software and equipment	871.7			697.6
Furniture and fixtures	586.0			540.0
Shop-in-shops/concession locations	209.8			230.9
Leasehold improvements	849.0			790.3
Construction in progress	35.5			83.9
Property, plant and equipment, gross	2,606.2			2,398.5
Less: Accumulated depreciation	(1,579.4		)	(1,414.0		)
Property, plant and equipment, net	$	1,026.8		$	984.5

The increase in Machinery, software and equipment in 2019 primarily relates to software and other equipment that was placed into service in 2019 in connection with the Company’s upgrade of and enhancements to its systems and digital commerce platforms. Construction in progress at February 2, 2020 and February 3, 2019 represents costs incurred for machinery, software and equipment, furniture and fixtures, and leasehold improvements not yet placed in use. Construction in progress at February 2, 2020 and February 3, 2019 principally related to upgrades and enhancements to operating, supply chain and logistics systems. Interest costs capitalized in construction in progress were immaterial during 2019, 2018 and 2017.

INVESTMENTS IN UNCONSOLIDATED AFFILIATES	12 Months Ended
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	Feb. 02, 2020
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	INVESTMENTS IN UNCONSOLIDATED AFFILIATES Included in other assets in the Company’s Consolidated Balance Sheets was $176.3 million as of February 2, 2020 and $207.1 million as of February 3, 2019 related to the following investments in unconsolidated affiliates: PVH Legwear The Company and a wholly owned subsidiary of the Company’s former Heritage Brands socks and hosiery licensee formed a joint venture, PVH Legwear LLC (“PVH Legwear”) in 2019, in which the Company owns a 49% economic interest. PVH Legwear was formed in order to consolidate the Company’s socks and hosiery businesses for all Company brands in the United States and Canada. PVH Legwear licenses from subsidiaries of the Company the rights to distribute and sell in these countries TOMMY HILFIGER, CALVIN KLEIN, IZOD, Van Heusen and Warner’s socks and hosiery beginning in December 2019. Additionally, PVH Legwear sells socks and hosiery under other owned and licensed trademarks. This investment is being accounted for under the equity method of accounting. The Company made payments of $27.7 million to PVH Legwear during 2019 to contribute its share of the joint venture funding. Gazal and PVH Australia Prior to May 31, 2019, the Company held an approximately 22% ownership interest in Gazal and a 50% ownership interest in PVH Australia. These investments were accounted for under the equity method of accounting until the closing of the Australia acquisition on May 31, 2019, on which date the Company derecognized its equity investments in Gazal and PVH Australia and began to consolidate the operations of Gazal and PVH Australia in its financial statements. Please see Note 3, “Acquisitions,” for further discussion. The Company received dividends of $6.4 million, $7.6 million and $3.7 million from Gazal and PVH Australia during 2019, 2018, and 2017 respectively. CK India The Company acquired a 51% economic interest in a joint venture, Calvin Klein Arvind Fashion Private Limited (“CK India”) in 2013. The Company sold 1% of its interest for $0.4 million in 2017, decreasing its economic interest in CK India to 50%. Prior to the sale, the Company was not deemed to hold a controlling interest in CK India as the shareholders agreement provided the partners with equal rights. This investment is being accounted for under the equity method of accounting. CK India licenses from a subsidiary of the Company the rights to the CALVIN KLEIN trademarks in India for certain product categories. The Company made payments of $1.6 million to CK India during 2017 to contribute its share of the joint venture funding. TH India The Company owns a 50% economic interest in a joint venture, Tommy Hilfiger Arvind Fashion Private Limited (“TH India”). TH India licenses from a subsidiary of the Company the rights to the TOMMY HILFIGER trademarks in India for certain product categories. This investment is being accounted for under the equity method of accounting. Arvind, the Company’s joint venture partner in PVH Ethiopia and CK India, is also the Company’s joint venture partner in TH India. The Company made payments of $2.7 million to TH India during 2017 to contribute its share of the joint venture funding. TH Brazil The Company acquired a 40% economic interest in a joint venture, Tommy Hilfiger do Brasil S.A. (“TH Brazil”) in 2012. The Company acquired an approximately 1% additional interest for $0.3 million in 2017, increasing its economic interest in TH Brazil to approximately 41%. TH Brazil licenses from a subsidiary of the Company the rights to the TOMMY HILFIGER trademarks in Brazil for certain product categories. This investment is being accounted for under the equity method of accounting. The Company made payments of $2.5 million to TH Brazil during 2017 to contribute its share of the joint venture funding. The Company issued a note receivable to TH Brazil in 2016 for $12.5 million, of which $6.2 million was repaid in 2016 and the remaining balance, including accrued interest, was repaid in 2017. PVH Mexico The Company and Grupo Axo, S.A.P.I. de C.V. formed a joint venture (“PVH Mexico”) in 2016 in which the Company owns a 49% economic interest. PVH Mexico licenses from certain subsidiaries of the Company the rights to distribute and sell certain TOMMY HILFIGER, CALVIN KLEIN, Warner’s, Olga and Speedo brand products in Mexico. This investment is being accounted for under the equity method of accounting. The Company received dividends of $7.2 million from PVH Mexico during 2019. Karl Lagerfeld The Company owns an economic interest of approximately 8% in Karl Lagerfeld Holding B.V. (“Karl Lagerfeld”). The Company is deemed to have significant influence with respect to this investment, which is being accounted for under the equity method of accounting.

REDEEMABLE NON-CONTROLLING INTEREST	12 Months Ended
REDEEMABLE NON-CONTROLLING INTEREST	Feb. 02, 2020
Redeemable Non-Controlling Interest Disclosure [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 manufacturing facility began operations in 2017. 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 February 2, 2020 was $(2.0) 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 2019 of $2.2 million.

GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Feb. 02, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill, by segment (please see Note 21, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:



(In millions)	Calvin Klein North America			Calvin Klein International			Tommy Hilfiger North America		Tommy Hilfiger International			Heritage Brands Wholesale			Heritage Brands Retail			Total
Balance as of February 4, 2018
Goodwill, gross	$	780.2		$	942.0		$	204.4	$	1,661.6		$	246.5		$	11.9		$	3,846.6
Accumulated impairment losses	—			—			—		—			—			(11.9		)	(11.9		)
Goodwill, net	780.2			942.0			204.4		1,661.6			246.5			—			3,834.7
Contingent purchase price payments to Mr. Calvin Klein	1.0			0.7			—		—			—			—			1.7
Currency translation	(0.9		)	(33.2		)	—		(131.8		)	—			—			(165.9		)
Balance as of February 3, 2019
Goodwill, gross	780.3			909.5			204.4		1,529.8			246.5			11.9			3,682.4
Accumulated impairment losses	—			—			—		—			—			(11.9		)	(11.9		)
Goodwill, net	780.3			909.5			204.4		1,529.8			246.5			—			3,670.5
Australia acquisition	—			9.1			—		56.8			—			—			65.9
TH CSAP acquisition	—			—			—		63.9			—			—			63.9
Reclassification of goodwill to assets held for sale	—			—			—		—			(48.1		)	—			(48.1		)
Currency translation	0.1			(22.5		)	—		(52.2		)	—			—			(74.6		)
Balance as of February 2, 2020
Goodwill, gross	780.4			896.1			204.4		1,598.3			198.4			11.9			3,689.5
Accumulated impairment losses	—			—			—		—			—			(11.9		)	(11.9		)
Goodwill, net	$	780.4		$	896.1		$	204.4	$	1,598.3		$	198.4		$	—		$	3,677.6

The goodwill acquired in the Australia and TH CSAP acquisitions was assigned as of the respective acquisition dates to the Company’s reporting units that are expected to benefit from the synergies of the combinations.

The Company reclassified $48.1 million of goodwill to assets held for sale in the Company’s Consolidated Balance Sheet as of February 2, 2020 in connection with the Speedo transaction. Please see Note 4, “Assets Held For Sale,” for further discussion.

The Company was required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies. Such payments were based on 1.15% of total worldwide net sales (as defined in the acquisition agreement, as amended), of products bearing any of the CALVIN KLEIN brands and were required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein were made were wholesale sales by the Company and its licensees and other partners to retailers. All payments due to Mr. Klein under the agreement have been made.

The Company’s other intangible assets consisted of the following:



	2019							2018
(In millions)	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets subject to amortization:
Customer relationships ⁽¹⁾⁽²⁾	$	289.9	$	(189.2	)	$	100.7	$	307.4	$	(186.1	)	$	121.3
Reacquired license rights	502.5		(161.9		)	340.6		523.8		(154.4		)	369.4
Total intangible assets subject to amortization	792.4		(351.1		)	441.3		831.2		(340.5		)	490.7

Indefinite-lived intangible assets:
Tradenames	2,830.2		—			2,830.2		2,863.7		—			2,863.7
Perpetual license right ⁽²⁾	—		—			—		203.8		—			203.8
Reacquired perpetual license rights⁽¹⁾	209.2		—			209.2		11.0		—			11.0
Total indefinite-lived intangible assets	3,039.4		—			3,039.4		3,078.5		—			3,078.5
Total other intangible assets	$	3,831.8	$	(351.1	)	$	3,480.7	$	3,909.7	$	(340.5	)	$	3,569.2

The gross carrying amount and accumulated amortization of certain intangible assets include the impact of changes in foreign currency exchange rates.

⁽¹⁾ The change from February 3, 2019 to February 2, 2020 included intangible assets recorded in connection with the Australia acquisition. The intangible assets as of the acquisition date included reacquired perpetual license rights of $204.9 million, which are indefinite-lived, and customer relationships of $17.0 million, which are being amortized on a straight-line basis over 10.0 years, both of which were subject to exchange rate fluctuations after the acquisition date.

⁽²⁾ The change from February 3, 2019 to February 2, 2020 included the intangible assets of the Company’s Speedo North America business, consisting of customer relationships of $7.9 million and a perpetual license right of $203.8 million. The Company recorded a $116.4 million noncash impairment charge related to the Speedo perpetual license right in the fourth quarter of 2019 in connection with the Speedo transaction. The remaining perpetual license right of $87.4 million and the customer relationships of $7.9 million were reclassified to assets held for sale in the Company’s Consolidated Balance Sheet as of February 2, 2020. Please see Note 4, “Assets Held For Sale,” for further discussion.

Amortization expense related to the Company’s intangible assets subject to amortization was $39.7 million and $62.8 million for 2019 and 2018, respectively. The decrease is primarily related to the reacquired license rights recorded in connection with the acquisition of the 55% ownership interests in the Company’s former joint venture for TOMMY HILFIGER in China that it did not already own (the “TH China acquisition”), which became fully amortized in 2018.

Assuming constant foreign currency exchange rates and no change in the gross carrying amount of the intangible assets, amortization expense for the next five years related to the Company’s intangible assets subject to amortization as of February 2, 2020 is expected to be as follows:



(In millions)
Fiscal Year	Amount
2020	$	36.8
2021	36.6
2022	34.3
2023	24.0
2024	23.6

DEBT

12 Months Ended

Feb. 02, 2020

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 no borrowings outstanding under these facilities as of February 2, 2020. The maximum amount of revolving borrowings outstanding under these facilities during 2019 was $378.4 million. The Company had $7.8 million outstanding under its prior senior secured credit facilities as of February 3, 2019 as discussed in the section entitled “2016 Senior Secured Credit Facilities” below. The weighted average interest rate on the funds borrowed as of February 3, 2019 was 4.45%.

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 $132.0 million based on exchange rates in effect on February 2, 2020 and are utilized primarily to fund working capital needs. The Company had $49.6 million and $5.1 million outstanding under these facilities as of February 2, 2020 and February 3, 2019, respectively. The $49.6 million of borrowings outstanding as of February 2, 2020 included borrowings under the facility in Australia. The weighted average interest rate on funds borrowed as of February 2, 2020 and February 3, 2019 was 2.56% and 0.21%, respectively. The maximum amount of borrowings outstanding under these facilities during 2019 was $99.5 million.

Commercial Paper

The Company established on November 5, 2019 an unsecured commercial paper note program in the United States primarily to fund working capital needs. The program enables the Company to issue, from time to time, unsecured commercial paper notes with maturities that vary but do not exceed 397 days from the date of issuance. The Company had no borrowings outstanding under the commercial paper note program as of February 2, 2020. The maximum amount of borrowings outstanding under the program during 2019 was $370.0 million.

The commercial paper program allows for borrowings of up to $675.0 million to the extent that the Company has borrowing capacity under its United States dollar-denominated revolving credit facility, as discussed in the section entitled “2019 Senior Unsecured Credit Facilities” below. Accordingly, the combined aggregate amount of (i) borrowings outstanding under the commercial paper note program and (ii) the revolving borrowings outstanding under the United States dollar-denominated revolving credit facility at any one time cannot exceed $675.0 million. The maximum aggregate amount of borrowings outstanding under the commercial paper program and the United States dollar-denominated revolving credit facility during 2019 was $567.0 million, which reflects a brief period of higher aggregate borrowings at the time that the Company launched the commercial paper program.

Long-Term Debt

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



(In millions)	2019		2018

Senior unsecured Term Loan A facilities due 2024 ⁽¹⁾⁽²⁾	$	1,569.5	$	—
Senior secured Term Loan A facility due 2021	—		1,643.8
7 3/4% debentures due 2023	99.7		99.6
3 5/8% senior unsecured euro notes due 2024 ⁽²⁾	382.9		396.5
3 1/8% senior unsecured euro notes due 2027 ⁽²⁾	655.6		679.5
Total	2,707.7		2,819.4
Less: Current portion of long-term debt	13.8		—
Long-term debt	$	2,693.9	$	2,819.4


⁽¹⁾	The outstanding principal balance for the United States dollar-denominated Term Loan A facility and the euro-denominated Term Loan A facility was $1,029.6 million and €493.8 million, respectively, as of February 2, 2020.


⁽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 February 2, 2020 and February 3, 2019.

As of February 2, 2020, the Company’s mandatory long-term debt repayments for the next five years were as follows:



(In millions)
Fiscal Year	Amount ⁽¹⁾
2020	13.8
2021	39.0
2022	102.9
2023	223.4
2024	1,682.9


⁽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 next five years exceed the total carrying amount of the Company’s Term Loan A facilities, 7 3/4% debentures due 2023 and 3 5/8% senior euro notes due 2024 as of February 2, 2020 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discounts.

As of February 2, 2020, 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 55% 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 $1,569.5 million, net of debt issuance costs and based on applicable exchange rates, under the TLA facilities and $20.3 million of outstanding letters of credit under the senior unsecured revolving credit facilities as of February 2, 2020. The Company had no borrowings outstanding under the senior unsecured revolving credit facilities as of February 2, 2020.

The terms of the TLA facilities require the Company to make quarterly repayments of amounts outstanding under the 2019 facilities, which commenced with the calendar quarter ended 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 payments of $70.6 million on its term loans under the 2019 facilities and repaid the 2016 facilities in connection with the refinancing of the senior credit facilities during 2019. The Company made payments of $150.0 million and $250.0 million during 2018 and 2017, respectively, 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 2019, 2018 and 2017:



(Dollars in millions)
Designation Date	Commencement Date	Initial Notional Amount		Notional Amount Outstanding as of February 2, 2020		Fixed Rate	Expiration Date
August 2019	February 2020	$	50.0	$	—	1.1975%	February 2022
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		126.6		2.8645%	February 2021
October 2018	February 2019	115.7		103.3		2.9975%	February 2021
June 2018	August 2018	50.0		50.0		2.6825%	February 2021
June 2017	February 2018	306.5		56.5		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.

4 1/2% Senior Notes Due 2022

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

7 3/4% Debentures Due 2023

The Company has outstanding $100.0 million of debentures due November 15, 2023 that accrue interest at the rate of 7 3/4%. Pursuant to the indenture governing the debentures, the Company must maintain a certain level of stockholders’ equity in order to pay cash dividends and make other restricted payments, as defined in the indenture governing the debentures. The debentures are not redeemable at the Company’s option prior to maturity.

The 7 3/4% debentures due 2023 include a “negative lien” covenant that generally requires the debentures to be secured on an equal and ratable basis with secured indebtedness of the Company, as well as limits the Company’s ability to engage in sale/leaseback transactions.

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.

The Company’s ability to create liens on the Company’s assets or engage in sale/leaseback transactions is restricted as set forth in the indenture governing the notes.

3 1/8% Euro Senior Notes Due 2027

The Company issued on December 21, 2017 €600.0 million euro-denominated principal amount of 3 1/8% senior notes due December 15, 2027. Interest on the notes is payable in euros. The Company paid €8.7 million (approximately $10.3 million based on exchange rates in effect on the payment date) of fees during 2017 in connection with the issuance of these notes, which are amortized over the term of the notes. The Company may redeem some or all of these notes at any time prior to September 15, 2027 by paying a “make whole” premium plus any accrued and unpaid interest. In addition, the Company may redeem some or all of these notes on or after September 15, 2027 at their principal amount plus any accrued and unpaid interest.

The Company’s ability to create liens on the Company’s assets or engage in sale/leaseback transactions is restricted as set forth in the indenture governing the notes.

As of February 2, 2020, the Company was in compliance with all applicable financial and non-financial covenants under its financing arrangements.

Interest paid was $108.3 million, $114.6 million and $120.2 million during 2019, 2018 and 2017, respectively.

INCOME TAXES

12 Months Ended

Feb. 02, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

INCOME TAXES

The domestic and foreign components of (loss) income before income taxes were as follows:



(In millions)	2019			2018			2017
Domestic	$	(441.2	)	$	(5.3	)	$	(102.0	)
Foreign	885.2			780.9			612.2
Total	$	444.0		$	775.6		$	510.2

The domestic loss before benefit for income taxes in 2019, 2018 and 2017 is primarily attributable to the domestic portion of certain charges incurred in 2019, 2018 and 2017. Please see Note 21, “Segment Data,” for further discussion of these costs.

Taxes paid were $133.0 million, $138.4 million and $164.6 million in 2019, 2018 and 2017, respectively.

The provision (benefit) for income taxes attributable to income consisted of the following:



(In millions)	2019				2018				2017
Federal:
Current	$	(30.4	)		$	(30.5	)		$	51.7
Deferred	(52.6		)	⁽¹⁾	(53.2		)	⁽²⁾	(198.3		)	⁽²⁾
State and local:
Current	4.3				4.6				3.5
Deferred	(16.5		)		9.6				(7.8		)
Foreign:
Current	127.9				170.2				143.5
Deferred	(3.8		)	⁽¹⁾	(69.7		)	⁽³⁾	(18.5		)
Total	$	28.9			$	31.0			$	(25.9	)


⁽¹⁾	Includes a $27.8 million benefit related to the write-off of deferred tax liabilities in connection with the pre-tax noncash impairment of the Speedo perpetual license right, primarily in the United States. Please see Note 4, “Assets Held For Sale,” for further discussion.

⁽²⁾Includes a $24.7 million benefit in 2018 and a $52.8 million benefit in 2017 related to the U.S. Tax Legislation.


⁽³⁾	Includes a $41.1 million benefit related to the remeasurement of certain net deferred tax liabilities in connection with the enactment of legislation in the Netherlands known as the “2019 Dutch Tax Plan,” which became effective on January 1, 2019 and includes a gradual reduction of the corporate income tax rate by 2021.

The provision (benefit) for income taxes for the years 2019, 2018 and 2017 was different from the amount computed by applying the statutory United States federal income tax rate to the underlying income as follows:



	2019			2018			2017
Statutory federal income tax rate ⁽¹⁾	21.0	%		21.0	%		33.7	%
State and local income taxes, net of federal income tax benefit	(2.4	)%		0.5	%		(1.1	)%
Effects of international jurisdictions, including foreign tax credits	(15.7	)%		(9.5	)%		(20.3	)%
Change in estimates for uncertain tax positions	(11.8	)%	⁽²⁾	(3.7	)%		(7.5	)%
Change in valuation allowance	1.8	%		(5.3	)%	⁽³⁾	11.0	%	⁽⁴⁾
One-time transition tax due to U.S. Tax Legislation	—	%		—	%		34.0	%
Remeasurement due to U.S. Tax Legislation	—	%		0.2	%		(51.9	)%
Tax on foreign earnings (U.S. Tax Legislation - GILTI and FDII)	10.0	%		1.9	%		—	%
Tax on Speedo transaction basis difference	2.3	%		—	%		—	%
Excess tax benefits related to stock-based compensation	(0.2	)%		(0.6	)%		(2.8	)%	⁽⁵⁾
Other, net	1.5	%		(0.5	)%		(0.2	)%
Effective income tax rate	6.5	%		4.0	%		(5.1	)%


⁽¹⁾	The United States statutory federal income tax rate changed from 35.0% to 21.0%, effective January 1, 2018, as a result of the U.S. Tax Legislation. The United States statutory federal income tax rate for 2017 is a blended rate of 33.7%.

⁽²⁾ Includes the settlement of a multi-year audit from an international jurisdiction.


⁽³⁾	Includes the release of a $26.3 million valuation allowance on the Company’s foreign tax credits to adjust the provisional amount recorded in 2017 as a result of the U.S. Tax Legislation.


⁽⁴⁾	Includes the recognition of a $38.5 million provisional valuation allowance on the Company’s foreign tax credits as a result of the U.S. Tax Legislation.


⁽⁵⁾	Includes an excess tax benefit from the exercise of stock options by the Company’s Chairman and Chief Executive Officer.

The Company files income tax returns in more than 40 international jurisdictions each year. A substantial amount of the Company’s earnings are in international jurisdictions, particularly in the Netherlands and Hong Kong SAR, where income tax rates, coupled with special rates levied on income from certain of the Company’s jurisdictional activities, continue to be lower than the United States statutory income tax rate. The effects of international jurisdictions, including foreign tax credits, reflected in the above table for 2019, 2018 and 2017 included those taxes at statutory income tax rates and at special rates levied on income from certain jurisdictional activities. The Company expects to benefit from these special rates until 2022.

The U.S. Tax Legislation enacted on December 22, 2017 significantly revised the United States tax code by, among other things, (i) reducing the corporate income tax rate from 35.0% to 21.0%, effective January 1, 2018, (ii) imposing a one-time transition tax on earnings of foreign subsidiaries deemed to be repatriated, (iii) implementing a modified territorial tax system, (iv) introducing a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations (known as “GILTI”) and a beneficial tax rate to be applied against foreign derived intangible income (known as “FDII”) and (v) introducing a base erosion anti-abuse tax measure (known as “BEAT”) that taxes certain payments between United States corporations and their subsidiaries.

The Company recorded a provisional net tax benefit of $52.8 million in the fourth quarter of 2017 in connection with the U.S. Tax Legislation, consisting of a $265.0 million benefit primarily from the remeasurement of the Company’s net deferred tax liabilities to the lower United States corporate income tax rate, partially offset by a $38.5 million valuation allowance on the Company’s foreign tax credits and a $173.7 million transition tax on undistributed post-1986 earnings and profits of foreign subsidiaries deemed to be repatriated.

The Company finalized its accounting related to the impacts of the U.S. Tax Legislation on the one-time transition tax liability, deferred taxes, valuation allowances, state tax considerations, and any remaining outside basis differences in the Company’s foreign subsidiaries during 2018. The analysis resulted in the Company recording an additional net tax benefit of $24.7 million to adjust the provisional net tax benefit recorded in the fourth quarter of 2017 during the measurement period allowed by the Securities and Exchange Commission. The net tax benefit included the release of a $26.3 million valuation allowance on the Company’s foreign tax credits, partially offset by a $1.6 million expense related to the remeasurement of the Company’s net deferred tax liabilities.

The GILTI provisions of the U.S. Tax Legislation impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations for tax years beginning after December 31, 2017. The guidance indicated that companies must make a policy election to either record deferred taxes for basis differences expected to reverse as a result of the GILTI provisions in future years or treat any taxes on GILTI inclusions as period costs when incurred. The Company completed its analysis of the tax effects of the GILTI provisions in 2018 and elected to account for these tax effects as period costs when incurred.

The components of deferred income tax assets and liabilities were as follows:



(In millions)	2019			2018
Gross deferred tax assets
Tax loss and credit carryforwards	$	232.5		$	230.1
Operating lease liabilities	407.6			—
Employee compensation and benefits	110.9			83.1
Inventories	39.7			26.8
Accounts receivable	20.3			17.1
Accrued expenses	26.5			30.2
Other, net	—			13.8
Subtotal	837.5			401.1
Valuation allowances	(69.8		)	(62.6		)
Total gross deferred tax assets, net of valuation allowances	$	767.7		$	338.5
Gross deferred tax liabilities
Intangibles	$	(860.6	)	$	(825.3	)
Operating lease right-of-use assets	(357.2		)	—
Property, plant and equipment	(46.2		)	(33.6		)
Derivative financial instruments	(12.8		)	(4.3		)
Other, net	(8.7		)	—
Total gross deferred tax liabilities	$	(1,285.5	)	$	(863.2	)
Net deferred tax liability	$	(517.8	)	$	(524.7	)

At the end of 2019, the Company had on a tax-effected basis approximately $238.9 million of net operating loss and tax credit carryforwards available to offset future taxable income in various jurisdictions. This included net operating loss carryforwards of approximately $2.8 million and $47.1 million for federal and various state and local jurisdictions, respectively, and $15.5 million for various foreign jurisdictions. The Company also had federal and state tax credit and other carryforwards of $173.5 million. The carryforwards expire principally between 2020 and 2039.

Prior to the enactment of the U.S. Tax Legislation, the Company's undistributed foreign earnings were considered

permanently reinvested and, as such, United States federal and state income taxes were not previously recorded on these

earnings. As a result of the U.S. Tax Legislation, substantially all of the Company’s earnings in foreign subsidiaries generated prior to the enactment of the U.S. Tax Legislation were deemed to have been repatriated and, as a result, the Company recorded a one-time transition tax of $173.7 million in 2017. The Company's intent is to reinvest indefinitely substantially all of its foreign earnings outside of the United States. However, if the Company decides at a later date to repatriate these earnings to the United States, the Company may be required to accrue and pay additional taxes, including any applicable foreign withholding

tax and United States state income taxes. It is not practicable to estimate the amount of tax that might be payable if these earnings were repatriated due to the complexities associated with the hypothetical calculation.

Uncertain tax positions activity for each of the last three years was as follows:



(In millions)	2019			2018			2017
Balance at beginning of year	$	248.3		$	297.1		$	245.6
Increases related to prior year tax positions	7.7			13.9			15.4
Decreases related to prior year tax positions	(15.8		)	(24.9		)	(10.3		)
Increases related to current year tax positions	18.2			25.5			79.7
Lapses in statute of limitations	(36.0		)	(54.7		)	(46.3		)
Effects of foreign currency translation	(2.5		)	(8.6		)	13.0
Balance at end of year	$	219.9		$	248.3		$	297.1

The entire amount of uncertain tax positions as of February 2, 2020, if recognized, would reduce the future effective tax rate under current accounting guidance.

Interest and penalties related to uncertain tax positions are recorded in the Company’s income tax provision. Interest and penalties recognized in the Company’s Consolidated Income Statements for 2019, 2018 and 2017 totaled a benefit of $15.0 million, an expense of $12.1 million and an expense of $0.9 million, respectively. Interest and penalties accrued in the Company’s Consolidated Balance Sheets as of February 2, 2020 and February 3, 2019 totaled $25.2 million and $44.1 million, respectively. The Company recorded its liabilities for uncertain tax positions principally in accrued expenses and other liabilities in its Consolidated Balance Sheets.

The Company files income tax returns in the United States and in various foreign, state and local jurisdictions. Most examinations have been completed by tax authorities or the statute of limitations has expired for United States federal, foreign, state and local income tax returns filed by the Company for years through 2006. It is reasonably possible that a reduction of uncertain tax positions in a range of $20.0 million to $40.0 million may occur within 12 months of February 2, 2020.

DERIVATIVE FINANCIAL INSTRUMENTS

12 Months Ended

Feb. 02, 2020

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 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 $1,178.6 million and $1,038.5 million, respectively, as of February 2, 2020 and $1,098.3 million and $1,076.0 million, respectively, as of February 3, 2019. 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.

In addition, the Company has exposure to changes in foreign currency exchange rates related to the translation of the earnings of its subsidiaries denominated in a currency other than the United States dollar. To hedge against a portion of this exposure, the Company entered into several foreign currency option contracts during 2017. These contracts represented the Company’s purchase of euro put/United States dollar call options and Chinese yuan renminbi put/United States dollar call options. All foreign currency option contracts expired in 2017.

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

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
	2019				2018				2019				2018
	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	21.4	$	0.4	$	24.0	$	0.7	$	1.2	$	0.1	$	3.5	$	0.7
Interest rate swap agreements	0.1		—		1.4		—		5.5		0.4		1.2		1.6
Total contracts designated as cash flow hedges	21.5		0.4		25.4		0.7		6.7		0.5		4.7		2.3
Undesignated contracts:
Foreign currency forward exchange contracts	1.5		—		0.1		—		0.9		—		2.0		—
Total	$	23.0	$	0.4	$	25.5	$	0.7	$	7.6	$	0.5	$	6.7	$	2.3

The notional amount outstanding of foreign currency forward exchange contracts was $1,308.1 million at February 2, 2020. Such contracts expire principally between February 2020 and June 2021.

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)
	2019			2018			2017
Foreign currency forward exchange contracts (inventory purchases)	$	22.4		$	97.1		$	(122.0	)
Interest rate swap agreements	(5.8		)	(2.6		)	3.2
Foreign currency borrowings (net investment hedges)	39.3			95.6			(99.5		)
Total	$	55.9		$	190.1		$	(218.3	)



	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
	2019			2018			2017				2019		2018		2017
Foreign currency forward exchange contracts (inventory purchases)	$	23.1		$	(11.6	)	$	(13.6	)	Cost of goods sold	$	4,520.6	$	4,348.5	$	4,020.4
Interest rate swap agreements	(1.4		)	1.1			(6.2		)	Interest expense	120.0		120.8		128.5
Total	$	21.7		$	(10.5	)	$	(19.8	)

A net gain in AOCL on foreign currency forward exchange contracts at February 2, 2020 of $29.5 million is estimated to be reclassified in the next 12 months in the Company’s Consolidated Income Statement to costs of goods sold as the underlying inventory hedged by such forward exchange contracts is sold. In addition, a net loss in AOCL for interest rate swap agreements at February 2, 2020 of $5.4 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:



	Gain (Loss) Recognized in Income (Expense)
(In millions)	2019		2018			2017
Foreign currency forward exchange contracts	$	3.4	$	(1.5	)	$	(4.6	)
Foreign currency option contracts	—		—			(4.3		)

The Company had no derivative financial instruments with credit risk-related contingent features underlying the related contracts as of February 2, 2020.

FAIR VALUE MEASUREMENTS

12 Months Ended

Feb. 02, 2020

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

In accordance with accounting principles generally accepted in the United States, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three level hierarchy prioritizes the inputs used to measure fair value as follows:

Level 1 – Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 – Observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data.

Level 3 – Unobservable inputs reflecting the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability based on the best information available.

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be remeasured at fair value on a recurring basis:



(In millions)	2019						2018
	Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total
Assets:
Foreign currency forward exchange contracts	N/A	$	23.3	N/A	$	23.3	N/A	$	24.8	N/A	$	24.8
Interest rate swap agreements	N/A	0.1		N/A	0.1		N/A	1.4		N/A	1.4
Total Assets	N/A	$	23.4	N/A	$	23.4	N/A	$	26.2	N/A	$	26.2

Liabilities:
Foreign currency forward exchange contracts	N/A	$	2.2	N/A	$	2.2	N/A	$	6.2	N/A	$	6.2
Interest rate swap agreements	N/A	5.9		N/A	5.9		N/A	2.8		N/A	2.8
Total Liabilities	N/A	$	8.1	N/A	$	8.1	N/A	$	9.0	N/A	$	9.0

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 values 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, property, plant and equipment, and other intangible assets) during 2019, 2018 and 2017, 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
2019	Level 1	Level 2	Level 3		Fair Value As Of Impairment Date		Total Impairments
Operating lease right-of-use assets	N/A	N/A	$	14.5	$	14.5	$	83.0
Property, plant and equipment, net	N/A	N/A	—		—		26.9
Other intangible assets, net	N/A	N/A	87.4		87.4		116.4

2018
Property, plant and equipment, net	N/A	N/A	0.6		0.6		17.9

2017
Property, plant and equipment, net	N/A	N/A	0.6		0.6		7.5

Operating lease right-of-use assets with a carrying amount of $97.5 million were written down to a fair value of $14.5 million during 2019 primarily 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 18, “Exit Activity Costs”). Please see Note 18 for further discussion of the Calvin Klein restructuring costs. The fair value of the Company’s 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 $26.9 million was written down to a fair value of zero during 2019 primarily 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 and shop-in-shops, including certain CALVIN KLEIN stores affected by the realignment of the Calvin Klein creative direction globally. Please see Note 18, “Exit Activity Costs,” for further discussion of the Calvin Klein restructuring costs. The 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 Company’s perpetual license right for the Speedo trademark with a carrying amount of $203.8 million was written down to a fair value of $87.4 million in the fourth quarter of 2019 in connection with the Speedo transaction. Please see Note 4, “Assets Held For Sale,” for further discussion.

The $226.3 million of impairment charges in 2019 was recorded in the Company’s Consolidated Income Statement, of which $109.9 million was included in SG&A expenses and $116.4 million was included in other noncash loss, net. The $226.3 million of impairment charges was recorded to the Company’s segments as follows: $118.6 million in the Heritage Brands Wholesale segment, $50.0 million in the Tommy Hilfiger North America segment, $37.4 million in the Calvin Klein North America segment, $13.1 million in the Calvin Klein International segment, $4.0 million in the Tommy Hilfiger International segment, $0.1 million in the Heritage Brands Retail segment and $3.1 million was recorded in corporate expenses not allocated to any reportable segments.

Property, plant and equipment with a carrying amount of $18.5 million was written down to a fair value of $0.6 million during 2018 in connection with the financial performance in certain of the Company’s retail stores and shop-in-shops, and the closure of the CALVIN KLEIN 205 W39 NYC brand. Please see Note 18, “Exit Activity Costs,” for further discussion. Fair value of the Company’s retail stores and shop-in-shops was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $17.9 million impairment charge was included in SG&A expenses, of which $8.5 million was recorded in the Calvin Klein International segment, $5.1 million was recorded in the Calvin Klein North America segment, $2.5 million was recorded in the Heritage Brands Wholesale segment,

$1.6 million was recorded in the Tommy Hilfiger International segment and $0.2 million was recorded in the Tommy Hilfiger North America segment.

Property, plant and equipment with a carrying amount of $8.1 million was written down to a fair value of $0.6 million during 2017 in connection with the financial performance in certain of the Company’s retail stores. Fair value was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $7.5 million impairment charge was included in SG&A expenses, of which $3.4 million was recorded in the Calvin Klein International segment, $1.9 million was recorded in the Tommy Hilfiger International segment, $1.8 million was recorded in the Calvin Klein North America segment and $0.4 million was recorded in the Tommy Hilfiger North America segment.

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:



(In millions)	2019				2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	503.4	$	503.4	$	452.0	$	452.0
Short-term borrowings	49.6		49.6		12.8		12.8
Long-term debt (including portion classified as current)	2,707.7		2,869.7		2,819.4		2,853.7

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 year. 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.

RETIREMENT AND BENEFIT PLANS

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

RETIREMENT AND BENEFIT PLANS

12 Months Ended

Feb. 02, 2020

Retirement Benefits [Abstract]

The Company, as of February 2, 2020, 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 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.”

Reconciliations of the changes in the projected benefit obligation (Pension Plans and SERP Plans) and the accumulated benefit obligation (Postretirement Plans) were as follows:



	Pension Plans						SERP Plans						Postretirement Plans
(In millions)	2019			2018			2019			2018			2019			2018
Balance at beginning of year	$	651.0		$	648.0		$	99.2		$	96.9		$	8.4		$	10.5
Service cost, net of plan expenses	31.2			31.4			5.8			5.8			—			—
Interest cost	27.9			26.0			4.3			3.9			0.3			0.4
Benefit payments	(29.2		)	(26.0		)	(7.9		)	(6.1		)	—			—
Benefit payments, net of retiree contributions	—			—			—			—			(1.0		)	(1.4		)
Actuarial loss (gain)	149.2			(28.4		)	23.1			(1.3		)	0.5			(1.1		)
Balance at end of year	$	830.1		$	651.0		$	124.5		$	99.2		$	8.2		$	8.4

The actuarial losses in 2019 were due principally to decreases in the discount rates. The actuarial gains in 2018 were due principally to increases in the discount rates.

Reconciliations of the fair value of the assets held by the Pension Plans and the funded status were as follows:



(In millions)	2019			2018
Fair value of plan assets at beginning of year	$	636.8		$	660.6
Actual return, net of plan expenses	112.9			(7.8		)
Benefit payments	(29.2		)	(26.0		)
Company contributions	0.7			10.0
Fair value of plan assets at end of year	$	721.2		$	636.8
Funded status at end of year	$	(108.9	)	$	(14.2	)

Amounts recognized in the Company’s Consolidated Balance Sheets were as follows:



	Pension Plans						SERP Plans						Postretirement Plans
(In millions)	2019			2018			2019			2018			2019			2018
Non-current assets	$	1.7		$	1.8		$	—		$	—		$	—		$	—
Current liabilities	—			—			(9.3		)	(7.4		)	(1.1		)	(1.1		)
Non-current liabilities	(110.6		)	(16.0		)	(115.2		)	(91.8		)	(7.1		)	(7.3		)
Net amount recognized	$	(108.9	)	$	(14.2	)	$	(124.5	)	$	(99.2	)	$	(8.2	)	$	(8.4	)

The components of net benefit cost recognized were as follows:



	Pension Plans									SERP Plans							Postretirement Plans
(In millions)	2019			2018			2017			2019		2018			2017		2019		2018			2017
Service cost	$	33.5		$	33.7		$	27.3		$	5.8	$	5.8		$	4.5	$	—	$	—		$	—
Interest cost	27.9			26.0			25.7			4.3		3.9			3.8		0.3		0.4			0.4
Actuarial loss (gain)	74.2			17.4			(3.9		)	23.1		(1.3		)	6.1		0.5		(1.1		)	0.3
Expected return on plan assets	(40.3		)	(40.3		)	(38.6		)	—		—			—		—		—			—
Amortization of prior service cost	—			0.1			0.1			—		—			—		—		—			—
Curtailment gain	—			—			(0.3		)	—		—			—		—		—			—
Settlement loss	—			—			9.4			—		—			—		—		—			—
Total	$	95.3		$	36.9		$	19.7		$	33.2	$	8.4		$	14.4	$	0.8	$	(0.7	)	$	0.7

The service cost component of net benefit cost is recorded in SG&A expenses and the other components of net benefit cost are recorded in non-service related pension and postretirement cost in the Company’s Consolidated Income Statements.

The actuarial losses in 2019 were due principally to decreases in the discount rates. For the Pension Plans, these losses were partially offset by an actuarial gain as a result of the difference between the actual and expected returns on plan assets.

In 2017, the Company completed the purchase of a group annuity using assets from the Pension Plans. Under the group annuity, the accrued pension obligations for approximately 4,000 retiree participants who had deferred vested benefits under the Pension Plans were transferred to an insurer. As a result, the Company recognized a loss of $9.4 million, which was recorded in non-service related pension and postretirement cost in the Company’s Consolidated Income Statement for 2017. The amount of the pension benefit obligation settled was $65.3 million.

Amortization of prior service cost recognized in other comprehensive (loss) income for Pension Plans, SERP Plans, and Postretirement Plans was immaterial during 2019, 2018 and 2017.

Pre-tax amounts in AOCL that had not yet been recognized as components of net benefit cost in the Pension Plans, SERP Plans and Postretirement Plans were immaterial as of February 2, 2020 and February 3, 2019.

Pre-tax amounts in AOCL as of February 2, 2020 expected to be recognized as components of net benefit cost in 2020 in the Pension Plans, SERP Plans and Postretirement Plans were immaterial.

The accumulated benefit obligation (Pension Plans and SERP Plans) were as follows:



	Pension Plans				SERP Plans
(In millions)	2019		2018		2019		2018
Accumulated benefit obligation	$	751.3	$	598.9	$	99.9	$	81.5

In 2019, three of the Company’s Pension Plans had projected benefit obligations and accumulated benefit obligations in excess of plan assets. In 2018, three of the Company’s Pension Plans had projected benefit obligations in excess of plan assets and two of the Company’s Pension Plans had accumulated benefit obligations in excess of plan assets. The balances were as follows:



(In millions, except plan count)	2019		2018
Number of plans with projected benefit obligations in excess of plan assets	3		3
Aggregate projected benefit obligation	$	811.9	$	634.7
Aggregate fair value of related plan assets	$	701.3	$	618.8

Number of plans with accumulated benefit obligations in excess of plan assets	3		2
Aggregate accumulated benefit obligation	$	733.3	$	38.5
Aggregate fair value of related plan assets	$	701.3	$	38.0

In 2019 and 2018, all of the Company’s SERP Plans had projected benefit obligations and accumulated benefit obligations in excess of plan assets as the plans are unfunded.

Significant weighted average rate assumptions used in determining the projected and accumulated benefit obligations at the end of each year and benefit cost in the following year were as follows:



	2019		2018		2017
Discount rate (applies to Pension Plans and SERP Plans)	3.15	%	4.35	%	4.08	%
Discount rate (applies to Postretirement Plans)	2.70	%	4.16	%	3.91	%
Rate of increase in compensation levels (applies to Pension Plans)	4.23	%	4.24	%	4.24	%
Expected long-term rate of return on assets (applies to Pension Plans)	6.25	%	6.50	%	6.25	%

To develop the expected long-term rate of return on assets assumption, the Company considered the historical level of the risk premium associated with the asset classes in which the portfolio is invested and the expectations for future returns of each asset class. The expected return for each asset class was then weighted based on the target asset allocation.

The assets of the Pension Plans are invested with the objective of being able to meet current and future benefit payment needs, while managing future contributions. The investment policy aims to earn a reasonable rate of return while minimizing the risk of large losses. Assets are diversified by asset class in order to reduce volatility of overall results from year to year and to take advantage of various investment opportunities. The assets of the Pension Plans are diversified among United States equities, international equities, fixed income investments and cash. The strategic target allocation for the majority of the Pension Plans as of February 2, 2020 was approximately 40% United States equities, 20% international equities and 40% fixed income investments and cash. Equity securities primarily include investments in large-, mid- and small-cap companies located in the United States and abroad. Fixed income securities include corporate bonds of companies from diversified industries, municipal bonds, collective funds and United States Treasury bonds. Actual investment allocations may vary from the Company’s target investment allocations due to prevailing market conditions.

In accordance with the fair value hierarchy described in Note 12, “Fair Value Measurements,” the following tables show the fair value of the total assets of the Pension Plans for each major category as of February 2, 2020 and February 3, 2019:



(In millions)			Fair Value Measurements as of February 2, 2020⁽¹⁾
Asset Category	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Equity securities:
United States equities⁽²⁾	$	182.2	$	182.2	$	—	$	—
International equities⁽²⁾	10.7		10.7		—		—
United States equity fund⁽³⁾	66.3		—		66.3		—
International equity funds⁽⁴⁾	135.1		65.4		69.7		—
Fixed income securities:
Government securities⁽⁵⁾	74.0		—		74.0		—
Corporate securities⁽⁵⁾	225.9		—		225.9		—
Short-term investment funds⁽⁶⁾	18.6		—		18.6		—
Total return mutual fund⁽⁷⁾	6.9		6.9		—		—
Subtotal	$	719.7	$	265.2	$	454.5	$	—
Other assets and liabilities⁽⁸⁾	1.5
Total	$	721.2



(In millions)			Fair Value Measurements as of February 3, 2019⁽¹⁾
Asset Category	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Equity securities:
United States equities⁽²⁾	$	170.9	$	170.9	$	—	$	—
International equities⁽²⁾	12.2		12.2		—		—
United States equity fund⁽³⁾	58.9		—		58.9		—
International equity funds⁽⁴⁾	126.5		60.3		66.2		—
Fixed income securities:
Government securities⁽⁵⁾	70.3		—		70.3		—
Corporate securities⁽⁵⁾	173.7		—		173.7		—
Short-term investment funds⁽⁶⁾	16.7		—		16.7		—
Total return mutual fund⁽⁷⁾	6.3		6.3		—		—
Subtotal	$	635.5	$	249.7	$	385.8	$	—
Other assets and liabilities⁽⁸⁾	1.3
Total	$	636.8


⁽¹⁾	The Company uses third party pricing services to determine the fair values of the financial instruments held by the pension plans. The Company obtains an understanding of the pricing services' valuation methodologies and related inputs and validates a sample of prices by reviewing prices from other sources. The Company has not adjusted any prices received from the third party pricing services.


⁽²⁾	Valued at the closing price or unadjusted quoted price in the active market in which the individual securities are traded.


⁽³⁾	Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem this investment at net asset value within the near term and therefore classifies this investment within Level 2. This commingled fund invests in United States large cap equities that track the Russell 1000 Index.


⁽⁴⁾	Valued at the net asset value of the fund, either as determined by the closing price in the active market in which the individual fund is traded and classified within Level 1, or as determined by a pricing vendor or the fund family and classified within Level 2. This category includes funds that invest in equities of companies outside of the United States.


⁽⁵⁾	Valued with bid evaluation pricing where the inputs are based on actual trades in active markets, when available, as well as observable market inputs that include actual and comparable trade data, market benchmarks, broker quotes, trading spreads and/or other applicable data.


⁽⁶⁾	Valued at the net asset value of the funds, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. These funds invest in high-grade, short-term, money market instruments.


⁽⁷⁾	Valued at the net asset value of this fund, as determined by the closing price in the active market in which the individual fund is traded. This mutual fund invests in both equity securities and fixed income securities.


⁽⁸⁾	This category includes other pension assets and liabilities such as pending trades and accrued income.

The Company believes that there are no significant concentrations of risk within the plan assets as of February 2, 2020.

Currently, the Company does not expect to make material contributions to the Pension Plans in 2020. 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. The expected benefit payments associated with the Pension Plans and SERP Plans, and expected benefit payments, net of retiree contributions, associated with the Postretirement Plans are as follows:



(In millions)
Fiscal Year	Pension Plans		SERP Plans		Postretirement Plans
2020	$	37.2	$	9.2	$	1.0
2021	39.0		10.1		1.0
2022	41.1		13.3		0.9
2023	42.3		12.2		0.8
2024	44.2		10.0		0.7
2025-2029	240.6		59.1		2.7

A 1% change in the assumed medical health care cost trend rate for the Postretirement Plans would not have a material impact on the Company’s net benefit cost for 2019 or the accumulated benefit obligation at February 2, 2020.

The Company has savings and retirement plans and a supplemental savings plan for the benefit of its eligible employees in the United States who elect to participate. The Company matches a portion of employee contributions to the plans. The Company also has defined contribution plans for certain employees associated with certain businesses acquired in the Tommy Hilfiger, Warnaco and Australia acquisitions, whereby the Company pays a percentage of the contribution for the employee. The Company’s contributions to these plans were $29.9 million, $25.4 million and $22.1 million in 2019, 2018 and 2017, respectively.

STOCK-BASED COMPENSATION

12 Months Ended

Feb. 02, 2020

Share-based Payment Arrangement [Abstract]

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 February 2, 2020, the Company has granted under the 2006 Plan (i) service-based stock options, RSUs and restricted stock; and (ii) contingently issuable PSUs and RSUs. There was no restricted stock outstanding as of February 2, 2020.

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. Total shares available for grant at February 2, 2020 amounted to 3.9 million shares.

Net income for 2019, 2018 and 2017 included $56.1 million, $56.2 million and $44.9 million, respectively, of pre-tax expense related to stock-based compensation, with related recognized income tax benefits of $6.9 million, $8.9 million and $8.8 million, respectively.

The Company adopted in 2017 an update to accounting guidance that simplifies several aspects of accounting for share-based payment award transactions, which resulted in the Company’s election to recognize forfeitures as they occur rather than continue to estimate expected forfeitures in determining compensation expense. This accounting change was applied on a modified retrospective basis and resulted in a cumulative-effect adjustment to decrease 2017 beginning retained earnings by $0.8 million, with an offsetting increase to additional paid in capital of $1.1 million and an increase to deferred tax assets of $0.3 million.

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 in 2019, 2018 and 2017 were $8.8 million, $13.2 million and $27.2 million, respectively. The tax benefits realized included discrete net excess tax benefits of $0.9 million, $4.9 million and $15.4 million recognized in the Company’s provision for income taxes during 2019, 2018 and 2017, 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 2019, 2018 and 2017 and the resulting weighted average grant date fair value per stock option:



	2019			2018			2017
Weighted average risk-free interest rate	2.15		%	2.78		%	2.10		%
Weighted average expected stock option term (in years)	6.25			6.25			6.25
Weighted average Company volatility	29.88		%	26.92		%	29.46		%
Expected annual dividends per share	$	0.15		$	0.15		$	0.15
Weighted average grant date fair value per stock option	$	37.14		$	51.66		$	33.50

The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected stock option term. The expected stock option term represents the weighted average period of time that stock options granted are expected to be outstanding, based on vesting schedules and the contractual term of the stock options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected stock option term. Expected dividends are based on the Company’s common stock cash dividend rate at the date of grant.

The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving stock option grants. The Company will continue to evaluate the appropriateness of utilizing such method.

Stock option activity for the year was as follows:



(In thousands, except years and per stock option data)	Stock Options	Weighted Average Exercise Price Per Stock Option		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at February 3, 2019	791	$	107.81	6.1	$	6,568
Granted	169	111.92
Exercised	31	77.92
Cancelled	27	119.83
Outstanding at February 2, 2020	902	$	109.25	5.9	$	871
Exercisable at February 2, 2020	589	$	106.11	4.7	$	871

The aggregate grant date fair value of stock options granted during 2019, 2018 and 2017 was $6.3 million, $4.4 million and $4.8 million, respectively.

The aggregate grant date fair value of stock options that vested during 2019, 2018 and 2017 was $6.5 million, $6.5 million and $7.2 million, respectively.

The aggregate intrinsic value of stock options exercised during 2019, 2018 and 2017 was $1.3 million, $10.9 million and $56.9 million, respectively.

At February 2, 2020, there was $4.4 million of unrecognized pre-tax compensation expense related to non-vested stock options, which is expected to be recognized over a weighted average period of 1.8 years.

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 year 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	612	110.03
Vested	350	116.25
Cancelled	113	123.93
Non-vested at February 2, 2020	996	$	117.28

The aggregate grant date fair value of RSUs granted during 2019, 2018 and 2017 was $67.3 million, $53.5 million and $46.0 million, respectively. The aggregate grant date fair value of RSUs vested during 2019, 2018 and 2017 was $40.7 million, $35.1 million and $28.7 million, respectively.

At February 2, 2020, there was $73.7 million of unrecognized pre-tax compensation expense related to non-vested RSUs, which is expected to be recognized over a weighted average period of 1.8 years.

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 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 2019, 2018 and 2017 and the resulting weighted average grant date fair value per PSU:



	2019			2018			2017
Risk-free interest rate	2.13		%	2.62		%	1.49		%
Expected Company volatility	30.25		%	29.78		%	31.29		%
Expected annual dividends per share	$	0.15		$	0.15		$	0.15
Weighted average grant date fair value per PSU	$	119.46		$	159.53		$	96.81

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

PSU activity for the year 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 February 2, 2020	181	$	119.63

The aggregate grant date fair value of PSUs granted during 2019, 2018 and 2017 was $8.6 million, $7.0 million and $7.0 million, respectively. The aggregate grant date fair value of PSUs that vested during 2019 and 2018 was $6.7 million and $4.6 million, respectively. No PSUs vested in 2017. PSUs in the above table are subject to market conditions. As such, the non-vested PSUs are reflected at the target level, which is consistent with how expense will be recorded, regardless of the numbers of shares that will actually be earned.

At February 2, 2020, there was $2.4 million of unrecognized pre-tax compensation expense related to non-vested PSUs, which is expected to be recognized over a weighted average period of 2.1 years.

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Feb. 02, 2020
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY The Company’s Board of Directors has authorized over time since 2015 an aggregate $2.0 billion stock repurchase program through June 3, 2023. Repurchases under the program may be made from time to time over the period through open market purchases, accelerated share repurchase programs, privately negotiated transactions or other methods, as the Company deems appropriate. Purchases are made based on a variety of factors, such as price, corporate requirements and overall market conditions, applicable legal requirements and limitations, trading restrictions under the Company’s insider trading policy and other relevant factors. The program may be modified by the Board of Directors, including to increase or decrease the repurchase limitation or extend, suspend, or terminate the program, at any time, without prior notice. During 2019, 2018 and 2017, the Company purchased 3.4 million shares, 2.2 million shares and 2.2 million shares, respectively, of its common stock under the program in open market transactions for $325.0 million, $300.1 million and $250.4 million, respectively. As of February 2, 2020, the repurchased shares were held as treasury stock and $683.3 million of the authorization remained available for future share repurchases. Treasury stock activity also includes shares that were withheld in conjunction with the settlement of RSUs and PSUs to satisfy tax withholding requirements.

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Feb. 02, 2020

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents the changes in AOCL, net of related taxes, by component:



(In millions)	Foreign currency translation adjustments				Net unrealized and realized gain (loss) on effective cash flow hedges			Total
Balance at January 29, 2017	$	(737.7	)		$	26.9		$	(710.8	)
Other comprehensive income (loss) before reclassifications	490.5			⁽¹⁾⁽²⁾	(116.0		)	374.5
Less: Amounts reclassified from AOCL	—				(16.9		)	(16.9		)
Other comprehensive income (loss)	490.5				(99.1		)	391.4
Impact of the U.S. Tax Legislation ⁽⁴⁾	(2.2		)		0.1			(2.1		)
Balance at February 4, 2018	$	(249.4	)		$	(72.1	)	$	(321.5	)
Other comprehensive (loss) income before reclassifications	(288.2		)	⁽¹⁾⁽³⁾	92.0			(196.2		)
Less: Amounts reclassified from AOCL	—				(9.8		)	(9.8		)
Other comprehensive (loss) income	(288.2		)		101.8			(186.4		)
Balance at February 3, 2019	$	(537.6	)		$	29.7		$	(507.9	)
Other comprehensive (loss) income before reclassifications	(128.1		)	⁽¹⁾⁽³⁾	15.9			(112.2		)
Less: Amounts reclassified from AOCL	—				20.0			20.0
Other comprehensive loss	(128.1		)		(4.1		)	(132.2		)
Balance at February 2, 2020	$	(665.7	)		$	25.6		$	(640.1	)


⁽¹⁾	Foreign currency translation adjustments included a net gain (loss) on net investment hedges of $29.7 million, $73.1 million and $(70.8) million in 2019, 2018 and 2017, respectively.


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


⁽³⁾	Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.

⁽⁴⁾

The following table presents reclassifications from AOCL to earnings:



(In millions)	Amount Reclassified from AOCL									Affected Line Item in the Company’s Consolidated Income Statements
	2019			2018			2017
Realized gain (loss) on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	23.1			(11.6		)	(13.6		)	Cost of goods sold
Interest rate swap agreements	(1.4		)	1.1			(6.2		)	Interest expense
Less: Tax effect	1.7			(0.7		)	(2.9		)	Income tax expense (benefit)
Total, net of tax	$	20.0		$	(9.8	)	$	(16.9	)

LEASES

12 Months Ended

Feb. 02, 2020

Leases [Abstract]

LEASES

The Company leases approximately 1,830 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 in May 2019, 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 3, “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 is 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 were as follows:



(In millions)	Line Item in the Company’s Consolidated Income Statement	2019
Finance lease cost:
Amortization of right-of-use-assets	SG&A expenses (depreciation and amortization)	$	5.3
Interest on lease liabilities	Interest expense	0.5
Total finance lease cost		5.8
Operating lease cost	SG&A expenses	459.5
Short-term lease cost	SG&A expenses	25.9
Variable lease cost	SG&A expenses	143.8
Less: sublease income	SG&A expenses	(0.4		)
Total net lease cost		$	634.6

Supplemental balance sheet information related to leases was as follows:



(In millions)	Line Item in the Company’s Consolidated Balance Sheet	2019
Right-of-use assets:
Operating lease	Operating lease right-of-use assets	$	1,675.8
Finance lease	Property, plant and equipment, net	12.6
		$	1,688.4
Current lease liabilities:
Operating lease	Current portion of operating lease liabilities	$	363.5
Finance lease	Accrued expenses	4.6
		$	368.1
Other lease liabilities:
Operating lease	Long-term portion of operating lease liabilities	$	1,532.0
Finance lease	Other liabilities	9.9
		$	1,541.9

Supplemental cash flow information related to leases was as follows:



(In millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	472.8
Operating cash flows from finance leases	0.5
Financing cash flows from finance leases	5.5
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	441.3
Right-of-use assets obtained in exchange for new finance lease liabilities	3.6

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:



	2019
Weighted average remaining lease term (years):
Operating leases	6.84
Finance leases	4.37
Weighted average discount rate:
Operating leases	4.25	%
Finance leases	3.11	%

At February 2, 2020, the maturities of the Company’s lease liabilities were as follows:



(In millions)	Finance Leases			Operating Leases			Total
2020	$	5.1		$	436.2		$	441.3
2021	4.5			399.2			403.7
2022	2.5			323.5			326.0
2023	1.0			244.2			245.2
2024	0.5			187.1			187.6
Thereafter	2.3			622.5			624.8
Total lease payments	$	15.9		$	2,212.7		$	2,228.6
Less: Interest	(1.4		)	(317.2		)	(318.6		)
Total lease liabilities	$	14.5		$	1,895.5		$	1,910.0

The Company’s lease liabilities exclude $45.0 million of future lease payment obligations related to leases for two new warehouses and various retail store leases that were entered into but did not commence as of February 2, 2020. These leases commence between February 2020 and September 2020 with initial lease terms of five to ten years.

Disclosures Related to Periods Prior to Adoption of the New Lease Accounting Guidance

The Company adopted the update to accounting guidance related to leases in 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. As a result, disclosures related to periods prior to adoption are presented under the previous accounting guidance.

At February 3, 2019, minimum annual rental commitments under noncancelable leases were as follows:



(In millions)	Capital Leases			Operating Leases		Total
2019	$	5.6		$	402.4	$	408.0
2020	4.4			371.9		376.3
2021	3.8			314.0		317.8
2022	1.8			255.0		256.8
2023	0.6			189.9		190.5
Thereafter	2.5			618.7		621.2
Total minimum lease payments	$	18.7		$	2,151.9	$	2,170.6
Less: Amount representing interest	(2.2		)
Present value of net minimum capital lease payments	$	16.5

Aggregate future minimum rentals to be received under noncancelable capital and operating subleases were $0.6 million and $0.2 million, respectively, at February 3, 2019.

Rent expense was as follows:



(In millions)	2018			2017
Minimum	$	465.3		$	455.2
Percentage and other	128.6			103.0
Less: Sublease rental income	(1.4		)	(1.8		)
Total	$	592.5		$	556.4

The gross book value of assets under finance leases, which were classified within property, plant and equipment in the Company’s Consolidated Balance Sheet, amounted to $37.0 million as of February 3, 2019. Accumulated amortization related to assets under finance leases amounted to $21.6 million as of February 3, 2019. The Company includes amortization of assets under finance leases in depreciation and amortization expense. The Company did not incur any expense in percentage rentals under finance leases during 2018 or 2017.

EXIT ACTIVITY COSTS

12 Months Ended

Feb. 02, 2020

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 2019 and 2018 as shown in the following table. All expected costs related to this restructuring were incurred by the end of 2019.



(In millions)	Costs Incurred During 2018		Costs Incurred During 2019		Cumulative Costs Incurred
Severance, termination benefits and other employee costs	$	27.3	$	25.6	$	52.9
Long-lived asset impairments ⁽¹⁾	6.9		38.2		45.1
Contract termination and other costs	4.3		26.2		30.5
Inventory markdowns	2.2		12.9		15.1
Total	$	40.7	$	102.9	$	143.6

⁽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 2019, $59.5 million relate to SG&A expenses of the Calvin Klein North America segment and $30.5 million relate to SG&A expenses of the Calvin Klein International segment. Of the charges for inventory markdowns incurred during 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 charges for severance, termination benefits and other employee costs, long-lived asset impairments and contract termination and other costs incurred during 2018, $18.9 million relate to SG&A expenses of the Calvin Klein North America segment and $19.6 million relate to SG&A expenses of the Calvin Klein International segment. The charges for inventory markdowns incurred during 2018 were recorded in cost of goods sold of the Company’s Calvin Klein International segment. Please see Note 21, “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 2019 and 2018.

The liabilities at February 2, 2020 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 2019		Costs Paid During 2019		Liability at 2/2/20
Severance, termination benefits and other employee costs	$	25.8	$	25.6	$	44.9	$	6.5
Contract termination and other costs	2.3		26.2		27.3		1.2
Total	$	28.1	$	51.8	$	72.2	$	7.7

NET INCOME PER COMMON SHARE

12 Months Ended

Feb. 02, 2020

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

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



(In millions, except per share data)	2019		2018		2017
Net income attributable to PVH Corp.	$	417.3	$	746.4	$	537.8

Weighted average common shares outstanding for basic net income per common share	74.2		76.5		77.6
Weighted average impact of dilutive securities	0.4		0.8		1.0
Total shares for diluted net income per common share	74.6		77.3		78.6

Basic net income per common share attributable to PVH Corp.	$	5.63	$	9.75	$	6.93

Diluted net income per common share attributable to PVH Corp.	$	5.60	$	9.65	$	6.84

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



(In millions)	2019	2018	2017
Weighted average potentially dilutive securities	1.1	0.4	0.5

Shares underlying contingently issuable awards that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income per common share for that period. The Company had contingently issuable PSU awards outstanding that did not meet the performance conditions as of February 2, 2020, February 3, 2019 and February 4, 2018 and, therefore, were excluded from the calculation of diluted net income per common share for each applicable year. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.3 million, 0.3 million and 0.1 million as of February 2, 2020, February 3, 2019 and February 4, 2018, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above.

NONCASH INVESTING AND FINANCING TRANSACTIONS	12 Months Ended
NONCASH INVESTING AND FINANCING TRANSACTIONS	Feb. 02, 2020
Noncash Investing and Financing Transactions [Abstract]
NONCASH INVESTING AND FINANCING TRANSACTIONS	NONCASH INVESTING AND FINANCING TRANSACTIONS Omitted from the Company’s Consolidated Statement of Cash Flows for 2019 were capital expenditures related to property, plant and equipment of $39.5 million, which will not be paid until 2020. The Company paid $43.7 million in cash during 2019 related to property, plant and equipment that was acquired in 2018. This amount was omitted from the Company’s Consolidated Statement of Cash Flows for 2018. The Company paid $41.9 million in cash during 2018 related to property, plant and equipment that was acquired in 2017. This amount was omitted from the Company’s Consolidated Statement of Cash Flows for 2017. The Company completed the Australia acquisition during 2019. Omitted from the Company’s Consolidated Statement of Cash Flows for 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 on the date of the acquisition 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 investment balances. Subsequent to the acquisition, the Company recorded a loss of $8.6 million during 2019 resulting from the remeasurement of the liability for the 6% interest issued to key members of Gazal and PVH Australia management to its redemption value as of February 2, 2020. The liability was $33.8 million as of February 2, 2020 based on exchange rates in effect on that date. Omitted from acquisition of treasury shares in the Company’s Consolidated Statements of Cash Flows for 2019 and 2017 were $0.5 million and $1.5 million, respectively, of shares repurchased under the stock repurchase program for which the trades occurred but remained unsettled as of the end of the respective periods. The Company recorded a loss of $1.7 million during 2019 to write-off previously capitalized debt issuance costs in connection with the refinancing of its senior credit facilities. Omitted from purchases of property, plant and equipment in the Company’s Consolidated Statements of Cash Flows for 2018 and 2017 were $6.0 million and $3.6 million, respectively, of assets acquired through finance leases. Please see Note 17, “Leases,” for supplemental noncash transactions information related to finance leases during 2019. The Company completed the acquisition of the Geoffrey Beene tradename during 2018. Omitted from acquisitions, net of cash acquired in the Company’s Consolidated Statement of Cash Flows for 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. The Company recorded a loss of $8.1 million during 2017 to write-off previously capitalized debt issuance costs in connection with the early redemption of its 4 1/2% senior notes due 2022.

SEGMENT DATA

12 Months Ended

Feb. 02, 2020

Segment Reporting [Abstract]

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 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 and, since December 2019, the Company’s proportionate share of the net income or loss of its investment in its unconsolidated PVH Legwear affiliate 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, concession locations and digital commerce sites in Europe, Asia (including the TH CSAP acquisition) and, since May 31, 2019, Australia, 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 3, “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 and, since December 2019, the Company’s proportionate share of the net income or loss of its investment in its unconsolidated PVH Legwear affiliate 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 3, “Acquisitions,” for further discussion.

Heritage Brands Wholesale Segment - This segment consists of the Company’s Heritage Brands Wholesale division. This segment derives revenue primarily from the marketing to department, chain and specialty stores, warehouse clubs, and mass market, off-price and independent retailers (in stores and online), as well as 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) women’s intimate apparel under the Warner’s, Olga and True&Co. brand; and (iv) men’s, women’s and children’s swimwear, pool and deck footwear, and swim-related products and accessories under the Speedo trademark. On January 9, 2020, the Company entered into a definitive agreement to sell its Speedo North America business to Pentland. The Speedo transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. This segment also derives revenue from Company operated digital commerce sites in the United States for Speedo, True&Co., Van Heusen, and IZOD, as well as the Company’s styleBureau.com site. In addition, since May 31, 2019, this segment 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 and, since December 2019, the Company’s proportionate share of the net income or loss of its investment in its unconsolidated PVH Legwear affiliate 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 3, “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:



(In millions)	2019		⁽¹⁾	2018		⁽¹⁾	2017		⁽¹⁾
Revenue – Tommy Hilfiger North America
Net sales	$	1,540.2		$	1,574.3		$	1,482.2
Royalty revenue	84.1			76.2			68.9
Advertising and other revenue	23.6			18.7			16.7
Total	1,647.9			1,669.2			1,567.8

Revenue – Tommy Hilfiger International
Net sales	2,994.2			2,599.7			2,268.0
Royalty revenue	49.8			52.7			47.8
Advertising and other revenue	19.8			22.9			9.6
Total	3,063.8			2,675.3			2,325.4

Revenue – Calvin Klein North America
Net sales	1,467.0			1,599.9			1,511.3
Royalty revenue	148.9			143.6			146.4
Advertising and other revenue	53.8			49.8			50.1
Total	1,669.7			1,793.3			1,707.8

Revenue – Calvin Klein International
Net sales	1,896.7			1,827.9			1,645.0
Royalty revenue	74.1			78.9			80.0
Advertising and other revenue	27.3			31.1			28.8
Total	1,998.1			1,937.9			1,753.8

Revenue – Heritage Brands Wholesale
Net sales	1,248.5			1,293.2			1,274.4
Royalty revenue	19.2			20.5			19.5
Advertising and other revenue	4.2			3.7			3.5
Total	1,271.9			1,317.4			1,297.4

Revenue – Heritage Brands Retail
Net sales	253.4			259.2			258.5
Royalty revenue	3.8			4.0			3.7
Advertising and other revenue	0.4			0.5			0.4
Total	257.6			263.7			262.6

Total Revenue
Net sales	9,400.0			9,154.2			8,439.4
Royalty revenue	379.9			375.9			366.3
Advertising and other revenue	129.1			126.7			109.1
Total⁽²⁾	$	9,909.0		$	9,656.8		$	8,914.8


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


⁽²⁾	No single customer accounted for more than 10% of the Company’s revenue in 2019, 2018 or 2017.

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



(In millions)	2019		2018		2017
Wholesale net sales	$	5,066.9	$	4,969.6	$	4,504.3
Retail net sales	4,333.1		4,184.6		3,935.1
Net sales	9,400.0		9,154.2		8,439.4

Royalty revenue	379.9		375.9		366.3
Advertising and other revenue	129.1		126.7		109.1
Total	$	9,909.0	$	9,656.8	$	8,914.8

The Company has not disclosed net sales by product category as it is impracticable to do so.

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



(In millions)	2019			⁽¹⁾	2018			⁽¹⁾	2017			⁽¹⁾
Income before interest and taxes – Tommy Hilfiger North America	$	93.5		⁽³⁾⁽⁴⁾	$	233.8			$	97.0		^(12)(13)(14)

Income before interest and taxes – Tommy Hilfiger International	468.2			⁽⁵⁾	377.1			⁽¹⁰⁾	221.5			^(10)(12)(13)

Income before interest and taxes – Calvin Klein North America	99.8			⁽³⁾⁽⁶⁾	166.7			⁽¹¹⁾	184.0

Income before interest and taxes – Calvin Klein International	153.3			^(3)(5)(6)	211.5			⁽¹¹⁾	226.5

(Loss) Income before interest and taxes – Heritage Brands Wholesale	(84.9		)	⁽⁵⁾⁽⁷⁾	83.3				96.7

Income before interest and taxes – Heritage Brands Retail	3.0				7.4				7.6

Loss before interest and taxes – Corporate⁽²⁾	(174.2		)	^(5)(8)(9)	(188.1		)		(200.9		)	^(15)(16)

Income before interest and taxes	$	558.7			$	891.7			$	632.4


⁽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, and the results of PVH Ethiopia. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, certain corporate responsibility initiatives, actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans, and gains and losses from changes in the fair value of foreign currency option contracts. Actuarial losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans totaled $97.8 million, $15.0 million and $2.5 million in 2019, 2018 and 2017, respectively.

⁽³⁾

Income before interest and taxes for 2019 included costs of $59.8 million in connection with agreements the Company entered into in 2019 to terminate early the licenses for the global Calvin Klein and Tommy Hilfiger North America socks and hosiery businesses (the “Socks and Hosiery transaction”) in order to consolidate the socks and hosiery businesses for all Company brands in North America in a newly formed joint venture, PVH Legwear, which began operations in December 2019, and to bring in-house the international Calvin Klein socks and hosiery wholesale businesses. 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 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.

⁽⁵⁾

Income (loss) before interest and taxes for 2019 included costs of $19.3 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: $11.1 million in Tommy Hilfiger International, $6.0 million in Calvin Klein International, $1.8 million in Heritage Brands Wholesale and $2.5 million in corporate expenses not allocated to any reportable segments. Please see Note 3, “Acquisitions,” for further discussion.


⁽⁶⁾	Income before interest and taxes for 2019 included costs of $102.9 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $66.0 million in Calvin Klein North America and $36.9 million in Calvin Klein International. Please see Note 18, “Exit Activity Costs,” for further discussion.


⁽⁷⁾	Loss before interest and taxes for 2019 included a noncash loss of $142.0 million in connection with the Speedo transaction. Please see Note 4, “Assets Held For Sale,” for further discussion.


⁽⁸⁾	Loss before interest and taxes for 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 3, “Acquisitions,” for further discussion.


⁽⁹⁾	Loss before interest and taxes for 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 2018 and 2017 included costs of $23.6 million and $26.9 million, respectively, associated with the TH China acquisition, primarily consisting of noncash amortization of short-lived assets.


⁽¹¹⁾	Income before interest and taxes for 2018 included costs of $40.7 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $18.9 million in Calvin Klein North America and $21.8 million in Calvin Klein International. Please see Note 18, “Exit Activity Costs,” for further discussion.

⁽¹²⁾

Income before interest and taxes for 2017 included costs of $82.9 million incurred in connection with an amendment to Mr. Tommy Hilfiger’s employment agreement pursuant to which the Company made a cash buyout of a portion of the future payments to Mr. Hilfiger (the “Mr. Hilfiger amendment”). Such costs were included in the Company’s segments as follows: $34.7 million in Tommy Hilfiger North America and $48.2 million in Tommy Hilfiger International.

⁽¹³⁾

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


⁽¹⁴⁾	Income before interest and taxes for 2017 included costs of $19.2 million associated with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense.


⁽¹⁵⁾	Loss before interest and taxes for 2017 included costs of $23.9 million related to the early redemption of the Company’s $700 million 4 1/2% senior notes due 2022. Please see Note 9, “Debt,” for further discussion.


⁽¹⁶⁾	Loss before interest and taxes for 2017 included costs of $9.4 million related to the noncash settlement of certain of the Company’s benefit obligations related to its Pension Plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer. Please see Note 13, “Retirement and Benefit Plans,” for further discussion.

Intersegment transactions primarily consist of transfers of inventory principally from the Heritage Brands Wholesale segment to the Heritage Brands Retail segment, the 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.

The Company’s identifiable assets, depreciation and amortization, and identifiable capital expenditures by segment were as follows:



(In millions)	2019		2018		2017
Identifiable Assets^(1)(2)(3)
Tommy Hilfiger North America	$	1,599.0	$	1,330.5	$	1,276.5
Tommy Hilfiger International	4,888.6		3,949.3		4,047.3
Calvin Klein North America	1,932.3		1,817.9		1,836.9
Calvin Klein International	3,428.9		3,114.9		3,138.0
Heritage Brands Wholesale	1,075.3		1,178.1		1,123.5
Heritage Brands Retail	128.4		86.6		81.6
Corporate	578.5		386.4		381.9
Total	$	13,631.0	$	11,863.7	$	11,885.7
Depreciation and Amortization
Tommy Hilfiger North America	$	40.6	$	37.9	$	45.1
Tommy Hilfiger International⁽⁴⁾	119.7		133.9		124.5
Calvin Klein North America	38.6		41.5		43.8
Calvin Klein International	91.9		90.6		83.1
Heritage Brands Wholesale	15.1		14.9		14.3
Heritage Brands Retail	6.2		5.6		5.3
Corporate	11.7		10.4		8.8
Total	$	323.8	$	334.8	$	324.9
Identifiable Capital Expenditures⁽⁵⁾
Tommy Hilfiger North America ⁽⁶⁾	$	41.7	$	56.1	$	82.0
Tommy Hilfiger International	139.6		143.9		126.7
Calvin Klein North America	30.3		36.0		36.8
Calvin Klein International	83.3		102.7		96.6
Heritage Brands Wholesale	18.6		15.8		8.0
Heritage Brands Retail	6.5		8.5		4.2
Corporate	21.0		18.3		10.1
Total	$	341.0	$	381.3	$	364.4


⁽¹⁾	Identifiable assets included the impact of changes in foreign currency exchange rates.

⁽²⁾

Identifiable assets include the impact related to the adoption of accounting guidance for leases in 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. Please see Note 17, “Leases,” for further discussion.


⁽³⁾	Identifiable assets in 2019 included the impact of the Australia acquisition. Please see Note 3, “Acquisitions,” for a further discussion.


⁽⁴⁾	Depreciation and amortization in 2018 and 2017 included $24.6 million and $26.8 million, respectively, related to the amortization of intangible assets recorded in connection with the TH China acquisition, which became fully amortized in 2018.


⁽⁵⁾	Capital expenditures in 2019 included $39.5 million of accruals that will not be paid until 2020. Capital expenditures in 2018 included $43.7 million of accruals that were not paid until 2019. Capital expenditures in 2017 included $41.9 million of accruals that were not paid until 2018.


⁽⁶⁾	Capital expenditures in 2017 included expenditures related to the relocation of the Company’s Tommy Hilfiger office in New York, New York.

Property, plant and equipment, net based on the location where such assets are held, was as follows:



(In millions)	2019 ⁽¹⁾		2018 ⁽¹⁾		2017 ⁽¹⁾
Domestic	$	525.8	$	500.5	$	449.2
Canada	25.3		28.8		30.0
Europe	375.6		362.7		325.5
Asia-Pacific⁽²⁾	87.6		73.4		73.8
Other foreign	12.5		19.1		21.3
Total	$	1,026.8	$	984.5	$	899.8


⁽¹⁾	Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.


⁽²⁾	The Company completed the Australia acquisition in the second quarter of 2019. Please see Note 3, “Acquisitions,” for further discussion.

Revenue, based on location of origin, was as follows:



(In millions)	2019 ⁽¹⁾		2018 ⁽¹⁾		2017 ⁽¹⁾
Domestic	$	4,275.0	$	4,481.3	$	4,290.1
Canada	505.5		528.8		512.2
Europe	3,657.3		3,362.1		2,907.2
Asia-Pacific⁽²⁾	1,353.4		1,163.7		1,059.3
Other foreign	117.8		120.9		146.0
Total	$	9,909.0	$	9,656.8	$	8,914.8


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

⁽²⁾

The Company completed the Australia acquisition in the second quarter of 2019. Please see Note 3, “Acquisitions,” for further discussion.

GUARANTEES	12 Months Ended
GUARANTEES	Feb. 02, 2020
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 February 2, 2020 was $3.4 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 February 2, 2020 and February 3, 2019. The Company has guaranteed a portion of the debt of one of its joint ventures in India. The maximum amount guaranteed as of February 2, 2020 was approximately $11.2 million based on exchange rates in effect on that date. The guarantee is in effect for the entire term of the debt. The liability for this guarantee obligation was immaterial as of February 2, 2020 and February 3, 2019. The Company has guaranteed to a financial institution the repayment of store security deposits in Japan paid to landlords on behalf of the Company. The amount guaranteed as of February 2, 2020 was approximately $5.3 million based on exchange rates in effect on that date. The Company has the right to seek recourse from the landlords for the full amount. The guarantees expire between 2022 and 2025. The liability for these guarantee obligations was immaterial as of February 2, 2020 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.

OTHER COMMENTS

12 Months Ended

Feb. 02, 2020

Other Comments [Abstract]

OTHER COMMENTS

Included in accrued expenses in the Company’s Consolidated Balance Sheets were certain incentive compensation accruals of $41.1 million and $99.4 million as of February 2, 2020 and February 3, 2019, respectively.

The Company’s asset retirement liabilities are included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets and relate to the Company’s obligation to dismantle or remove leasehold improvements from leased office, retail store or warehouse locations at the end of a lease term in order to restore a facility to a condition specified in the lease agreement. The Company records the fair value of the liability for asset retirement obligations in the period in which it is legally or contractually incurred. Upon initial recognition of the asset retirement liability, an asset retirement cost is capitalized by increasing the carrying amount of the asset by the same amount as the liability. In periods subsequent to initial measurement, the asset retirement cost is recognized as expense through depreciation over the asset’s useful life. Changes in the liability for the asset retirement obligations are recognized for the passage of time and revisions to either the timing or the amount of estimated cash flows. Accretion expense is recognized in SG&A expenses for the impacts of increasing the discounted fair value to its estimated settlement value.

The following table presents the activity related to the Company’s asset retirement liabilities, included in accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets, for each of the last two years:



(In millions)	2019			2018
Balance at beginning of year	$	32.3		$	27.1
Business acquisitions	1.4			—
Liabilities incurred	3.9			7.4
Liabilities settled (payments)	(2.2		)	(1.7		)
Accretion expense	0.4			0.4
Revisions in estimated cash flows	0.4			(0.1		)
Currency translation adjustment	(0.5		)	(0.8		)
Balance at end of year	$	35.7		$	32.3

The Company is a party to certain litigation which, in management’s judgment, based in part on the opinions of legal counsel, will not have a material adverse effect on the Company’s financial position.

Wuxi Jinmao Foreign Trade Co., Ltd. (“Wuxi”), one of the Company’s finished goods inventory suppliers, has a wholly owned subsidiary with which the Company entered into a loan agreement in 2016. Under the agreement, Wuxi’s subsidiary borrowed a principal amount of $13.8 million for the development and operation of a fabric mill. Principal payments are due in semi-annual installments beginning March 31, 2018 through September 30, 2026. The outstanding principal balance of the loan bears interest at a rate of (i) 4.50% per annum until the sixth anniversary of the closing date of the loan and (ii) LIBOR plus 4.00% thereafter. The Company received principal payments of $0.4 million and $0.2 million during 2019 and 2018, respectively. The outstanding balance, including accrued interest, was $13.4 million and $13.8 million as of February 2, 2020 and February 3, 2019, respectively, and was included in other assets (current and non-current) in the Company’s Consolidated Balance Sheets.

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Feb. 02, 2020
Subsequent Event [Line Items]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS (UNAUDITED) On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic and recommended containment and mitigation measures. COVID-19 continues to spread globally. Virus-related concerns, reduced travel, temporary store closures and government-imposed restrictions have resulted in sharply reduced traffic and consumer spending trends and sales stoppages in the Company’s retail stores in virtually all key markets during the first quarter of 2020. The Company’s wholesale customers and licensees have been similarly impacted, which in turn negatively impacts the Company. In addition, the Company’s supply chain and the supply chains of its licensees had been disrupted and may experience future disruptions as a result of either closed factories or factories operating with reduced workforces. The disruption is expected to be temporary but there is significant uncertainty about the duration and extent of the impact of the COVID-19 outbreak. The related financial impact cannot be reasonably estimated at this time. However, the Company expects a significant negative impact to its business, financial condition, cash flows and results of operations in 2020, which may include non-cash asset impairments, excess inventory and difficulty collecting trade receivables, among other things. As a result, the Company has increased the aggregate borrowings outstanding under its senior unsecured revolving credit facilities, other short-term revolving credit facilities and unsecured commercial paper note program to approximately $930.0 million to increase its cash position and help preserve its financial flexibility.

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Feb. 02, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

(In millions)



Column A	Column B		Column C					Column D			Column E
			Additions Charged to Costs and Expenses			Additions Charged to Other Accounts
	Balance at Beginning of Period										Balance at End of Period

Description								Deductions		(1)
Year Ended February 2, 2020
Allowance for doubtful accounts	$	21.6	$	5.7		$	—	$	6.2	(2)	$	21.1
Allowance/accrual for operational chargebacks and customer markdowns	226.8		529.3			—		535.9			220.2
Valuation allowance for deferred income tax assets	62.6		17.1			—		9.9			69.8
Year Ended February 3, 2019
Allowance for doubtful accounts	$	21.1	$	14.2		$	—	$	13.7	(2)	$	21.6
Allowance/accrual for operational chargebacks and customer markdowns	271.0		403.8			—		448.0			226.8
Valuation allowance for deferred income tax assets	106.3		12.9			—		56.6		(3)	62.6
Year Ended February 4, 2018
Allowance for doubtful accounts	$	15.0	$	7.5		$	—	$	1.4	(2)	$	21.1
Allowance/accrual for operational chargebacks and customer markdowns	289.5		498.2			—		516.7			271.0
Valuation allowance for deferred income tax assets	43.9		64.3		(4)	1.9		3.8			106.3


⁽¹⁾	Includes changes due to foreign currency translation.


⁽²⁾	Principally accounts written off as uncollectible, net of recoveries.


⁽³⁾	Includes the release of a $26.3 million valuation allowance on the Company’s foreign tax credits to adjust the provisional amount recorded in 2017 as a result of the U.S. Tax Legislation.

⁽⁴⁾

Includes the recognition of a $38.5 million provisional valuation allowance on the Company’s foreign tax credits as a result of the U.S. Tax Legislation.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Feb. 02, 2020

Accounting Policies [Abstract]

Lessee, Leases [Policy Text Block]

Short-term Leases [Policy Text Block]

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.

Consolidation, Policy [Policy Text Block]

Use of Estimates, Policy [Policy Text Block]

Fiscal Period [Policy Text Block]

Cash and Cash Equivalents, Policy [Policy Text Block]

Accounts Receivable [Policy Text Block]

Goodwill and Intangible Assets, Policy [Policy Text Block]

Impairment or Disposal of Long-Lived Intangible Assets, Impairment, Policy [Policy Text Block]

Inventory, Policy [Policy Text Block]

Property, Plant and Equipment, Policy [Policy Text Block]

Cloud Computing Arrangements, Policy [Policy Text Block]

Lease, Policy [Policy Text Block] (Deprecated 2017-01-31)

The Company’s lease agreements do not contain any material residual value guarantees or material restrictions or covenants.

Revenue Recognition, Policy [Policy Text Block]

Cost of Sales and Selling, General and Administrative Expenses, Policy [Policy Text Block]

Shipping and Handling Cost, Policy [Policy Text Block]

Shipping and Handling Fees — Shipping and handling fees that are billed to customers are included in net sales. Shipping and handling costs incurred by the Company are recorded in SG&A expenses.

Advertising Cost [Policy Text Block]

Cooperative Advertising Policy [Policy Text Block]

Costs associated with cooperative advertising programs, under which the Company shares the cost of a customer’s advertising expenditures, are treated as a reduction of revenue.

Revenue Recognition Accounting Policy, Excise and Sales Taxes [Policy Text Block]

Sales Taxes — The Company accounts for sales taxes and other related taxes on a net basis, excluding such taxes from revenue.

Income Tax, Policy [Policy Text Block]

Derivatives, Policy [Policy Text Block]

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Debt, Policy [Policy Text Block]

Pension and Other Postretirement Plans, Policy [Policy Text Block]

Share-based Payment Arrangement [Policy Text Block]

Recently Adopted Accounting Guidance [Policy Text Block]

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

Accounting Guidance Issued Not Yet Adopted [Policy Text Block]

ASSETS HELD FOR SALE (Policies)

12 Months Ended

Feb. 02, 2020

Assets Held For Sale [Abstract]

Assets Held For Sale [Text Block]

ASSETS HELD FOR SALE

The Company entered into a definitive agreement on January 9, 2020 to sell its Speedo North America business to Pentland, the parent company of Speedo International Limited, for $170.0 million in cash, subject to a working capital adjustment. Speedo International Limited licenses the Speedo trademark to a subsidiary of the Company for perpetual use in North America and the Caribbean. The Company will deconsolidate the net assets of the Speedo business and no longer license the Speedo trademark upon closing of the sale, which is expected to occur in the first quarter of 2020, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, which was received early in the first quarter of 2020.

The Company classified the assets and liabilities of the Speedo North America business as held for sale and recorded a pre-tax noncash loss of $142.0 million during the fourth quarter of 2019 (including a $116.4 million noncash impairment charge related to the Speedo perpetual license right) to reduce the carrying value of the Speedo North America business to its estimated fair value, less costs to sell. The estimated fair value, less costs to sell, reflects the amount of consideration the Company expects to receive upon closing of the transaction, inclusive of the working capital adjustment. The loss was recorded

in other noncash loss, net in the Company’s Consolidated Income Statement. The loss will be remeasured in connection with the closing of the transaction and will be impacted by changes to the net assets of the Speedo North America business subsequent to February 2, 2020.

The noncash impairment charge related to the Speedo perpetual license right was recorded to write down its carrying value of $203.8 million to a fair value of $87.4 million, which was implied by the expected amount of consideration to be received upon closing of the transaction. The Company classified this as a Level 3 fair value measurement due to the use of significant unobservable inputs.

The Speedo transaction was also a triggering event that prompted the need for the Company to perform an interim goodwill impairment test for its Heritage Brands Wholesale reporting unit. No goodwill impairment resulted from this interim test.

The assets and liabilities of the Speedo North America business classified as held for sale in the Company’s Consolidated Balance Sheet as of February 2, 2020 were included in the Heritage Brands Wholesale segment and consisted of the following:



(In millions)
Assets held for sale:
Trade receivables	$	48.8
Inventories, net	54.3
Prepaid expenses	0.6
Other current assets	0.6
Property, plant and equipment, net	6.1
Operating lease right-of-use assets	9.0
Goodwill	48.1
Other intangibles, net ⁽¹⁾	95.3
Allowance for reduction of assets held for sale	(25.6		)
Total assets held for sale	$	237.2

Liabilities related to assets held for sale:
Accounts payable	$	38.7
Accrued expenses	5.4
Current portion of operating lease liabilities	0.6
Long-term portion of operating lease liabilities	10.6
Other liabilities	1.8
Total liabilities related to assets held for sale	$	57.1

⁽¹⁾ Other intangibles, net includes a perpetual license right of $87.4 million and customer relationships of $7.9 million.

REVENUE (Tables)

12 Months Ended

Feb. 02, 2020

Revenue from Contract with Customer [Abstract]

Deferred Revenue Disclosure [Table Text Block]

Changes in deferred revenue, which primarily relate to customer loyalty programs, gift cards and license agreements for the years ended February 2, 2020 and February 3, 2019, were as follows:



(In millions)	2019			2018
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	60.3			61.3
Reductions in deferred revenue for revenue recognized during the period ⁽¹⁾	(60.9		)	(50.8		)
Deferred revenue balance at end of period	$	64.7		$	65.3

ACQUISITIONS Allocation of Acquisition Consideration (Tables)

12 Months Ended

Feb. 02, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

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	89.9
Prepaid expenses	1.3
Other current assets	3.5
Assets held for sale	58.8
Property, plant and equipment	18.4
Goodwill	65.9
Intangible assets	222.2
Operating lease right-of-use assets	56.4
Total assets acquired	538.1
Accounts payable	14.4
Accrued expenses	22.5
Short-term borrowings	50.5
Current portion of operating lease liabilities	10.9
Long-term portion of operating lease liabilities	43.9
Deferred tax liability	69.6
Other liabilities	1.7
Total liabilities assumed	213.5
Total acquisition date fair value of the business acquired	$	324.6

ACQUISITIONS Fair Value of Acquisition Consideration (Tables)

12 Months Ended

Feb. 02, 2020

Business Combinations [Abstract]

Acquisition Consideration [Table Text Block]

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

ASSETS HELD FOR SALE (Tables)

12 Months Ended

Feb. 02, 2020

Assets Held For Sale [Abstract]

Schedule of Assets Held for Sale [Table Text Block]



(In millions)
Assets held for sale:
Trade receivables	$	48.8
Inventories, net	54.3
Prepaid expenses	0.6
Other current assets	0.6
Property, plant and equipment, net	6.1
Operating lease right-of-use assets	9.0
Goodwill	48.1
Other intangibles, net ⁽¹⁾	95.3
Allowance for reduction of assets held for sale	(25.6		)
Total assets held for sale	$	237.2

Liabilities related to assets held for sale:
Accounts payable	$	38.7
Accrued expenses	5.4
Current portion of operating lease liabilities	0.6
Long-term portion of operating lease liabilities	10.6
Other liabilities	1.8
Total liabilities related to assets held for sale	$	57.1

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Feb. 02, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment, at cost, was as follows:



(In millions)	2019			2018
Land	$	1.0		$	1.0
Buildings and building improvements	53.2			54.8
Machinery, software and equipment	871.7			697.6
Furniture and fixtures	586.0			540.0
Shop-in-shops/concession locations	209.8			230.9
Leasehold improvements	849.0			790.3
Construction in progress	35.5			83.9
Property, plant and equipment, gross	2,606.2			2,398.5
Less: Accumulated depreciation	(1,579.4		)	(1,414.0		)
Property, plant and equipment, net	$	1,026.8		$	984.5

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Feb. 02, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill, by segment (please see Note 21, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:



(In millions)	Calvin Klein North America			Calvin Klein International			Tommy Hilfiger North America		Tommy Hilfiger International			Heritage Brands Wholesale			Heritage Brands Retail			Total
Balance as of February 4, 2018
Goodwill, gross	$	780.2		$	942.0		$	204.4	$	1,661.6		$	246.5		$	11.9		$	3,846.6
Accumulated impairment losses	—			—			—		—			—			(11.9		)	(11.9		)
Goodwill, net	780.2			942.0			204.4		1,661.6			246.5			—			3,834.7
Contingent purchase price payments to Mr. Calvin Klein	1.0			0.7			—		—			—			—			1.7
Currency translation	(0.9		)	(33.2		)	—		(131.8		)	—			—			(165.9		)
Balance as of February 3, 2019
Goodwill, gross	780.3			909.5			204.4		1,529.8			246.5			11.9			3,682.4
Accumulated impairment losses	—			—			—		—			—			(11.9		)	(11.9		)
Goodwill, net	780.3			909.5			204.4		1,529.8			246.5			—			3,670.5
Australia acquisition	—			9.1			—		56.8			—			—			65.9
TH CSAP acquisition	—			—			—		63.9			—			—			63.9
Reclassification of goodwill to assets held for sale	—			—			—		—			(48.1		)	—			(48.1		)
Currency translation	0.1			(22.5		)	—		(52.2		)	—			—			(74.6		)
Balance as of February 2, 2020
Goodwill, gross	780.4			896.1			204.4		1,598.3			198.4			11.9			3,689.5
Accumulated impairment losses	—			—			—		—			—			(11.9		)	(11.9		)
Goodwill, net	$	780.4		$	896.1		$	204.4	$	1,598.3		$	198.4		$	—		$	3,677.6

Schedule of Intangible Assets [Table Text Block]

The Company’s other intangible assets consisted of the following:



	2019							2018
(In millions)	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets subject to amortization:
Customer relationships ⁽¹⁾⁽²⁾	$	289.9	$	(189.2	)	$	100.7	$	307.4	$	(186.1	)	$	121.3
Reacquired license rights	502.5		(161.9		)	340.6		523.8		(154.4		)	369.4
Total intangible assets subject to amortization	792.4		(351.1		)	441.3		831.2		(340.5		)	490.7

Indefinite-lived intangible assets:
Tradenames	2,830.2		—			2,830.2		2,863.7		—			2,863.7
Perpetual license right ⁽²⁾	—		—			—		203.8		—			203.8
Reacquired perpetual license rights⁽¹⁾	209.2		—			209.2		11.0		—			11.0
Total indefinite-lived intangible assets	3,039.4		—			3,039.4		3,078.5		—			3,078.5
Total other intangible assets	$	3,831.8	$	(351.1	)	$	3,480.7	$	3,909.7	$	(340.5	)	$	3,569.2

The gross carrying amount and accumulated amortization of certain intangible assets include the impact of changes in foreign currency exchange rates.

Schedule of Expected Amortization Expense [Table Text Block]



(In millions)
Fiscal Year	Amount
2020	$	36.8
2021	36.6
2022	34.3
2023	24.0
2024	23.6

DEBT (Tables)

12 Months Ended

Feb. 02, 2020

Debt Disclosure [Abstract]

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

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



(In millions)	2019		2018

Senior unsecured Term Loan A facilities due 2024 ⁽¹⁾⁽²⁾	$	1,569.5	$	—
Senior secured Term Loan A facility due 2021	—		1,643.8
7 3/4% debentures due 2023	99.7		99.6
3 5/8% senior unsecured euro notes due 2024 ⁽²⁾	382.9		396.5
3 1/8% senior unsecured euro notes due 2027 ⁽²⁾	655.6		679.5
Total	2,707.7		2,819.4
Less: Current portion of long-term debt	13.8		—
Long-term debt	$	2,693.9	$	2,819.4


⁽¹⁾	The outstanding principal balance for the United States dollar-denominated Term Loan A facility and the euro-denominated Term Loan A facility was $1,029.6 million and €493.8 million, respectively, as of February 2, 2020.

⁽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.

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

As of February 2, 2020, the Company’s mandatory long-term debt repayments for the next five years were as follows:



(In millions)
Fiscal Year	Amount ⁽¹⁾
2020	13.8
2021	39.0
2022	102.9
2023	223.4
2024	1,682.9


⁽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.

Schedule of Interest Rate Swap Agreements [Table Text Block]



(Dollars in millions)
Designation Date	Commencement Date	Initial Notional Amount		Notional Amount Outstanding as of February 2, 2020		Fixed Rate	Expiration Date
August 2019	February 2020	$	50.0	$	—	1.1975%	February 2022
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		126.6		2.8645%	February 2021
October 2018	February 2019	115.7		103.3		2.9975%	February 2021
June 2018	August 2018	50.0		50.0		2.6825%	February 2021
June 2017	February 2018	306.5		56.5		1.566%	February 2020
July 2014	February 2016	682.6		—		1.924%	February 2018

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.

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INCOME TAXES (Tables)

12 Months Ended

Feb. 02, 2020

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The domestic and foreign components of (loss) income before income taxes were as follows:



(In millions)	2019			2018			2017
Domestic	$	(441.2	)	$	(5.3	)	$	(102.0	)
Foreign	885.2			780.9			612.2
Total	$	444.0		$	775.6		$	510.2

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes attributable to income consisted of the following:



(In millions)	2019				2018				2017
Federal:
Current	$	(30.4	)		$	(30.5	)		$	51.7
Deferred	(52.6		)	⁽¹⁾	(53.2		)	⁽²⁾	(198.3		)	⁽²⁾
State and local:
Current	4.3				4.6				3.5
Deferred	(16.5		)		9.6				(7.8		)
Foreign:
Current	127.9				170.2				143.5
Deferred	(3.8		)	⁽¹⁾	(69.7		)	⁽³⁾	(18.5		)
Total	$	28.9			$	31.0			$	(25.9	)


⁽¹⁾	Includes a $27.8 million benefit related to the write-off of deferred tax liabilities in connection with the pre-tax noncash impairment of the Speedo perpetual license right, primarily in the United States. Please see Note 4, “Assets Held For Sale,” for further discussion.

⁽²⁾Includes a $24.7 million benefit in 2018 and a $52.8 million benefit in 2017 related to the U.S. Tax Legislation.

⁽³⁾

Includes a $41.1 million benefit related to the remeasurement of certain net deferred tax liabilities in connection with the enactment of legislation in the Netherlands known as the “2019 Dutch Tax Plan,” which became effective on January 1, 2019 and includes a gradual reduction of the corporate income tax rate by 2021.

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]



	2019			2018			2017
Statutory federal income tax rate ⁽¹⁾	21.0	%		21.0	%		33.7	%
State and local income taxes, net of federal income tax benefit	(2.4	)%		0.5	%		(1.1	)%
Effects of international jurisdictions, including foreign tax credits	(15.7	)%		(9.5	)%		(20.3	)%
Change in estimates for uncertain tax positions	(11.8	)%	⁽²⁾	(3.7	)%		(7.5	)%
Change in valuation allowance	1.8	%		(5.3	)%	⁽³⁾	11.0	%	⁽⁴⁾
One-time transition tax due to U.S. Tax Legislation	—	%		—	%		34.0	%
Remeasurement due to U.S. Tax Legislation	—	%		0.2	%		(51.9	)%
Tax on foreign earnings (U.S. Tax Legislation - GILTI and FDII)	10.0	%		1.9	%		—	%
Tax on Speedo transaction basis difference	2.3	%		—	%		—	%
Excess tax benefits related to stock-based compensation	(0.2	)%		(0.6	)%		(2.8	)%	⁽⁵⁾
Other, net	1.5	%		(0.5	)%		(0.2	)%
Effective income tax rate	6.5	%		4.0	%		(5.1	)%


⁽¹⁾	The United States statutory federal income tax rate changed from 35.0% to 21.0%, effective January 1, 2018, as a result of the U.S. Tax Legislation. The United States statutory federal income tax rate for 2017 is a blended rate of 33.7%.

⁽²⁾ Includes the settlement of a multi-year audit from an international jurisdiction.


⁽³⁾	Includes the release of a $26.3 million valuation allowance on the Company’s foreign tax credits to adjust the provisional amount recorded in 2017 as a result of the U.S. Tax Legislation.


⁽⁴⁾	Includes the recognition of a $38.5 million provisional valuation allowance on the Company’s foreign tax credits as a result of the U.S. Tax Legislation.

⁽⁵⁾

Includes an excess tax benefit from the exercise of stock options by the Company’s Chairman and Chief Executive Officer.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred income tax assets and liabilities were as follows:



(In millions)	2019			2018
Gross deferred tax assets
Tax loss and credit carryforwards	$	232.5		$	230.1
Operating lease liabilities	407.6			—
Employee compensation and benefits	110.9			83.1
Inventories	39.7			26.8
Accounts receivable	20.3			17.1
Accrued expenses	26.5			30.2
Other, net	—			13.8
Subtotal	837.5			401.1
Valuation allowances	(69.8		)	(62.6		)
Total gross deferred tax assets, net of valuation allowances	$	767.7		$	338.5
Gross deferred tax liabilities
Intangibles	$	(860.6	)	$	(825.3	)
Operating lease right-of-use assets	(357.2		)	—
Property, plant and equipment	(46.2		)	(33.6		)
Derivative financial instruments	(12.8		)	(4.3		)
Other, net	(8.7		)	—
Total gross deferred tax liabilities	$	(1,285.5	)	$	(863.2	)
Net deferred tax liability	$	(517.8	)	$	(524.7	)

Summary of Income Tax Contingencies [Table Text Block]

Uncertain tax positions activity for each of the last three years was as follows:



(In millions)	2019			2018			2017
Balance at beginning of year	$	248.3		$	297.1		$	245.6
Increases related to prior year tax positions	7.7			13.9			15.4
Decreases related to prior year tax positions	(15.8		)	(24.9		)	(10.3		)
Increases related to current year tax positions	18.2			25.5			79.7
Lapses in statute of limitations	(36.0		)	(54.7		)	(46.3		)
Effects of foreign currency translation	(2.5		)	(8.6		)	13.0
Balance at end of year	$	219.9		$	248.3		$	297.1

The entire amount of uncertain tax positions as of February 2, 2020, if recognized, would reduce the future effective tax rate under current accounting guidance.

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Feb. 02, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

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



(In millions)	Assets								Liabilities
	2019				2018				2019				2018
	Other Current Assets		Other Assets		Other Current Assets		Other Assets		Accrued Expenses		Other Liabilities		Accrued Expenses		Other Liabilities
Contracts designated as cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	$	21.4	$	0.4	$	24.0	$	0.7	$	1.2	$	0.1	$	3.5	$	0.7
Interest rate swap agreements	0.1		—		1.4		—		5.5		0.4		1.2		1.6
Total contracts designated as cash flow hedges	21.5		0.4		25.4		0.7		6.7		0.5		4.7		2.3
Undesignated contracts:
Foreign currency forward exchange contracts	1.5		—		0.1		—		0.9		—		2.0		—
Total	$	23.0	$	0.4	$	25.5	$	0.7	$	7.6	$	0.5	$	6.7	$	2.3

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)
	2019			2018			2017
Foreign currency forward exchange contracts (inventory purchases)	$	22.4		$	97.1		$	(122.0	)
Interest rate swap agreements	(5.8		)	(2.6		)	3.2
Foreign currency borrowings (net investment hedges)	39.3			95.6			(99.5		)
Total	$	55.9		$	190.1		$	(218.3	)



	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
	2019			2018			2017				2019		2018		2017
Foreign currency forward exchange contracts (inventory purchases)	$	23.1		$	(11.6	)	$	(13.6	)	Cost of goods sold	$	4,520.6	$	4,348.5	$	4,020.4
Interest rate swap agreements	(1.4		)	1.1			(6.2		)	Interest expense	120.0		120.8		128.5
Total	$	21.7		$	(10.5	)	$	(19.8	)

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:



	Gain (Loss) Recognized in Income (Expense)
(In millions)	2019		2018			2017
Foreign currency forward exchange contracts	$	3.4	$	(1.5	)	$	(4.6	)
Foreign currency option contracts	—		—			(4.3		)

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Feb. 02, 2020

Fair Value Disclosures [Abstract]

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



(In millions)	2019						2018
	Level 1	Level 2		Level 3	Total		Level 1	Level 2		Level 3	Total
Assets:
Foreign currency forward exchange contracts	N/A	$	23.3	N/A	$	23.3	N/A	$	24.8	N/A	$	24.8
Interest rate swap agreements	N/A	0.1		N/A	0.1		N/A	1.4		N/A	1.4
Total Assets	N/A	$	23.4	N/A	$	23.4	N/A	$	26.2	N/A	$	26.2

Liabilities:
Foreign currency forward exchange contracts	N/A	$	2.2	N/A	$	2.2	N/A	$	6.2	N/A	$	6.2
Interest rate swap agreements	N/A	5.9		N/A	5.9		N/A	2.8		N/A	2.8
Total Liabilities	N/A	$	8.1	N/A	$	8.1	N/A	$	9.0	N/A	$	9.0

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis and Recorded Impairment [Table Text Block]



(In millions)	Fair Value Measurement Using				Fair Value As Of Impairment Date		Total Impairments
2019	Level 1	Level 2	Level 3		Fair Value As Of Impairment Date		Total Impairments
Operating lease right-of-use assets	N/A	N/A	$	14.5	$	14.5	$	83.0
Property, plant and equipment, net	N/A	N/A	—		—		26.9
Other intangible assets, net	N/A	N/A	87.4		87.4		116.4

2018
Property, plant and equipment, net	N/A	N/A	0.6		0.6		17.9

2017
Property, plant and equipment, net	N/A	N/A	0.6		0.6		7.5

$1.6 million was recorded in the Tommy Hilfiger International segment and $0.2 million was recorded in the Tommy Hilfiger North America segment.

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:



(In millions)	2019				2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	503.4	$	503.4	$	452.0	$	452.0
Short-term borrowings	49.6		49.6		12.8		12.8
Long-term debt (including portion classified as current)	2,707.7		2,869.7		2,819.4		2,853.7

RETIREMENT AND BENEFIT PLANS (Tables)

12 Months Ended

Feb. 02, 2020

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

Schedule of Changes in Accumulated and Projected Benefit Obligations [Table Text Block]

Reconciliations of the changes in the projected benefit obligation (Pension Plans and SERP Plans) and the accumulated benefit obligation (Postretirement Plans) were as follows:



	Pension Plans						SERP Plans						Postretirement Plans
(In millions)	2019			2018			2019			2018			2019			2018
Balance at beginning of year	$	651.0		$	648.0		$	99.2		$	96.9		$	8.4		$	10.5
Service cost, net of plan expenses	31.2			31.4			5.8			5.8			—			—
Interest cost	27.9			26.0			4.3			3.9			0.3			0.4
Benefit payments	(29.2		)	(26.0		)	(7.9		)	(6.1		)	—			—
Benefit payments, net of retiree contributions	—			—			—			—			(1.0		)	(1.4		)
Actuarial loss (gain)	149.2			(28.4		)	23.1			(1.3		)	0.5			(1.1		)
Balance at end of year	$	830.1		$	651.0		$	124.5		$	99.2		$	8.2		$	8.4

The actuarial losses in 2019 were due principally to decreases in the discount rates. The actuarial gains in 2018 were due principally to increases in the discount rates.

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

Reconciliations of the fair value of the assets held by the Pension Plans and the funded status were as follows:



(In millions)	2019			2018
Fair value of plan assets at beginning of year	$	636.8		$	660.6
Actual return, net of plan expenses	112.9			(7.8		)
Benefit payments	(29.2		)	(26.0		)
Company contributions	0.7			10.0
Fair value of plan assets at end of year	$	721.2		$	636.8
Funded status at end of year	$	(108.9	)	$	(14.2	)

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

Amounts recognized in the Company’s Consolidated Balance Sheets were as follows:



	Pension Plans						SERP Plans						Postretirement Plans
(In millions)	2019			2018			2019			2018			2019			2018
Non-current assets	$	1.7		$	1.8		$	—		$	—		$	—		$	—
Current liabilities	—			—			(9.3		)	(7.4		)	(1.1		)	(1.1		)
Non-current liabilities	(110.6		)	(16.0		)	(115.2		)	(91.8		)	(7.1		)	(7.3		)
Net amount recognized	$	(108.9	)	$	(14.2	)	$	(124.5	)	$	(99.2	)	$	(8.2	)	$	(8.4	)

Schedule of Net Benefit Costs [Table Text Block]

The components of net benefit cost recognized were as follows:



	Pension Plans									SERP Plans							Postretirement Plans
(In millions)	2019			2018			2017			2019		2018			2017		2019		2018			2017
Service cost	$	33.5		$	33.7		$	27.3		$	5.8	$	5.8		$	4.5	$	—	$	—		$	—
Interest cost	27.9			26.0			25.7			4.3		3.9			3.8		0.3		0.4			0.4
Actuarial loss (gain)	74.2			17.4			(3.9		)	23.1		(1.3		)	6.1		0.5		(1.1		)	0.3
Expected return on plan assets	(40.3		)	(40.3		)	(38.6		)	—		—			—		—		—			—
Amortization of prior service cost	—			0.1			0.1			—		—			—		—		—			—
Curtailment gain	—			—			(0.3		)	—		—			—		—		—			—
Settlement loss	—			—			9.4			—		—			—		—		—			—
Total	$	95.3		$	36.9		$	19.7		$	33.2	$	8.4		$	14.4	$	0.8	$	(0.7	)	$	0.7

Schedule of Accumulated Benefit Obligations [Table Text Block]

The accumulated benefit obligation (Pension Plans and SERP Plans) were as follows:



	Pension Plans				SERP Plans
(In millions)	2019		2018		2019		2018
Accumulated benefit obligation	$	751.3	$	598.9	$	99.9	$	81.5

Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]



(In millions, except plan count)	2019		2018
Number of plans with projected benefit obligations in excess of plan assets	3		3
Aggregate projected benefit obligation	$	811.9	$	634.7
Aggregate fair value of related plan assets	$	701.3	$	618.8

Number of plans with accumulated benefit obligations in excess of plan assets	3		2
Aggregate accumulated benefit obligation	$	733.3	$	38.5
Aggregate fair value of related plan assets	$	701.3	$	38.0

In 2019 and 2018, all of the Company’s SERP Plans had projected benefit obligations and accumulated benefit obligations in excess of plan assets as the plans are unfunded.

Defined Benefit Plan, Assumptions [Table Text Block]

Significant weighted average rate assumptions used in determining the projected and accumulated benefit obligations at the end of each year and benefit cost in the following year were as follows:



	2019		2018		2017
Discount rate (applies to Pension Plans and SERP Plans)	3.15	%	4.35	%	4.08	%
Discount rate (applies to Postretirement Plans)	2.70	%	4.16	%	3.91	%
Rate of increase in compensation levels (applies to Pension Plans)	4.23	%	4.24	%	4.24	%
Expected long-term rate of return on assets (applies to Pension Plans)	6.25	%	6.50	%	6.25	%

Schedule of Allocation of Plan Assets [Table Text Block]



(In millions)			Fair Value Measurements as of February 2, 2020⁽¹⁾
Asset Category	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Equity securities:
United States equities⁽²⁾	$	182.2	$	182.2	$	—	$	—
International equities⁽²⁾	10.7		10.7		—		—
United States equity fund⁽³⁾	66.3		—		66.3		—
International equity funds⁽⁴⁾	135.1		65.4		69.7		—
Fixed income securities:
Government securities⁽⁵⁾	74.0		—		74.0		—
Corporate securities⁽⁵⁾	225.9		—		225.9		—
Short-term investment funds⁽⁶⁾	18.6		—		18.6		—
Total return mutual fund⁽⁷⁾	6.9		6.9		—		—
Subtotal	$	719.7	$	265.2	$	454.5	$	—
Other assets and liabilities⁽⁸⁾	1.5
Total	$	721.2



(In millions)			Fair Value Measurements as of February 3, 2019⁽¹⁾
Asset Category	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Equity securities:
United States equities⁽²⁾	$	170.9	$	170.9	$	—	$	—
International equities⁽²⁾	12.2		12.2		—		—
United States equity fund⁽³⁾	58.9		—		58.9		—
International equity funds⁽⁴⁾	126.5		60.3		66.2		—
Fixed income securities:
Government securities⁽⁵⁾	70.3		—		70.3		—
Corporate securities⁽⁵⁾	173.7		—		173.7		—
Short-term investment funds⁽⁶⁾	16.7		—		16.7		—
Total return mutual fund⁽⁷⁾	6.3		6.3		—		—
Subtotal	$	635.5	$	249.7	$	385.8	$	—
Other assets and liabilities⁽⁸⁾	1.3
Total	$	636.8


⁽¹⁾	The Company uses third party pricing services to determine the fair values of the financial instruments held by the pension plans. The Company obtains an understanding of the pricing services' valuation methodologies and related inputs and validates a sample of prices by reviewing prices from other sources. The Company has not adjusted any prices received from the third party pricing services.


⁽²⁾	Valued at the closing price or unadjusted quoted price in the active market in which the individual securities are traded.


⁽³⁾	Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem this investment at net asset value within the near term and therefore classifies this investment within Level 2. This commingled fund invests in United States large cap equities that track the Russell 1000 Index.


⁽⁴⁾	Valued at the net asset value of the fund, either as determined by the closing price in the active market in which the individual fund is traded and classified within Level 1, or as determined by a pricing vendor or the fund family and classified within Level 2. This category includes funds that invest in equities of companies outside of the United States.


⁽⁵⁾	Valued with bid evaluation pricing where the inputs are based on actual trades in active markets, when available, as well as observable market inputs that include actual and comparable trade data, market benchmarks, broker quotes, trading spreads and/or other applicable data.


⁽⁶⁾	Valued at the net asset value of the funds, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. These funds invest in high-grade, short-term, money market instruments.


⁽⁷⁾	Valued at the net asset value of this fund, as determined by the closing price in the active market in which the individual fund is traded. This mutual fund invests in both equity securities and fixed income securities.


⁽⁸⁾	This category includes other pension assets and liabilities such as pending trades and accrued income.

Schedule of Expected Benefit Payments [Table Text Block]

The expected benefit payments associated with the Pension Plans and SERP Plans, and expected benefit payments, net of retiree contributions, associated with the Postretirement Plans are as follows:



(In millions)
Fiscal Year	Pension Plans		SERP Plans		Postretirement Plans
2020	$	37.2	$	9.2	$	1.0
2021	39.0		10.1		1.0
2022	41.1		13.3		0.9
2023	42.3		12.2		0.8
2024	44.2		10.0		0.7
2025-2029	240.6		59.1		2.7

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 02, 2020

Share-based Payment Arrangement [Abstract]

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

The following summarizes the assumptions used to estimate the fair value of stock options granted during 2019, 2018 and 2017 and the resulting weighted average grant date fair value per stock option:



	2019			2018			2017
Weighted average risk-free interest rate	2.15		%	2.78		%	2.10		%
Weighted average expected stock option term (in years)	6.25			6.25			6.25
Weighted average Company volatility	29.88		%	26.92		%	29.46		%
Expected annual dividends per share	$	0.15		$	0.15		$	0.15
Weighted average grant date fair value per stock option	$	37.14		$	51.66		$	33.50

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

Stock option activity for the year was as follows:



(In thousands, except years and per stock option data)	Stock Options	Weighted Average Exercise Price Per Stock Option		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at February 3, 2019	791	$	107.81	6.1	$	6,568
Granted	169	111.92
Exercised	31	77.92
Cancelled	27	119.83
Outstanding at February 2, 2020	902	$	109.25	5.9	$	871
Exercisable at February 2, 2020	589	$	106.11	4.7	$	871

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

RSU activity for the year 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	612	110.03
Vested	350	116.25
Cancelled	113	123.93
Non-vested at February 2, 2020	996	$	117.28

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

The fair value of the awards granted was established for each grant on the grant date using the Monte Carlo simulation model.

The following summarizes the assumptions used to estimate the fair value of PSUs granted during 2019, 2018 and 2017 and the resulting weighted average grant date fair value per PSU:



	2019			2018			2017
Risk-free interest rate	2.13		%	2.62		%	1.49		%
Expected Company volatility	30.25		%	29.78		%	31.29		%
Expected annual dividends per share	$	0.15		$	0.15		$	0.15
Weighted average grant date fair value per PSU	$	119.46		$	159.53		$	96.81

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

PSU activity for the year 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 February 2, 2020	181	$	119.63

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Feb. 02, 2020

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Loss [Table Text Block]

The following table presents the changes in AOCL, net of related taxes, by component:



(In millions)	Foreign currency translation adjustments				Net unrealized and realized gain (loss) on effective cash flow hedges			Total
Balance at January 29, 2017	$	(737.7	)		$	26.9		$	(710.8	)
Other comprehensive income (loss) before reclassifications	490.5			⁽¹⁾⁽²⁾	(116.0		)	374.5
Less: Amounts reclassified from AOCL	—				(16.9		)	(16.9		)
Other comprehensive income (loss)	490.5				(99.1		)	391.4
Impact of the U.S. Tax Legislation ⁽⁴⁾	(2.2		)		0.1			(2.1		)
Balance at February 4, 2018	$	(249.4	)		$	(72.1	)	$	(321.5	)
Other comprehensive (loss) income before reclassifications	(288.2		)	⁽¹⁾⁽³⁾	92.0			(196.2		)
Less: Amounts reclassified from AOCL	—				(9.8		)	(9.8		)
Other comprehensive (loss) income	(288.2		)		101.8			(186.4		)
Balance at February 3, 2019	$	(537.6	)		$	29.7		$	(507.9	)
Other comprehensive (loss) income before reclassifications	(128.1		)	⁽¹⁾⁽³⁾	15.9			(112.2		)
Less: Amounts reclassified from AOCL	—				20.0			20.0
Other comprehensive loss	(128.1		)		(4.1		)	(132.2		)
Balance at February 2, 2020	$	(665.7	)		$	25.6		$	(640.1	)


⁽¹⁾	Foreign currency translation adjustments included a net gain (loss) on net investment hedges of $29.7 million, $73.1 million and $(70.8) million in 2019, 2018 and 2017, respectively.


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


⁽³⁾	Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.

⁽⁴⁾

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

The following table presents reclassifications from AOCL to earnings:



(In millions)	Amount Reclassified from AOCL									Affected Line Item in the Company’s Consolidated Income Statements
	2019			2018			2017
Realized gain (loss) on effective cash flow hedges:
Foreign currency forward exchange contracts (inventory purchases)	23.1			(11.6		)	(13.6		)	Cost of goods sold
Interest rate swap agreements	(1.4		)	1.1			(6.2		)	Interest expense
Less: Tax effect	1.7			(0.7		)	(2.9		)	Income tax expense (benefit)
Total, net of tax	$	20.0		$	(9.8	)	$	(16.9	)

LEASES (Tables)

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of the net lease cost were as follows:



(In millions)	Line Item in the Company’s Consolidated Income Statement	2019
Finance lease cost:
Amortization of right-of-use-assets	SG&A expenses (depreciation and amortization)	$	5.3
Interest on lease liabilities	Interest expense	0.5
Total finance lease cost		5.8
Operating lease cost	SG&A expenses	459.5
Short-term lease cost	SG&A expenses	25.9
Variable lease cost	SG&A expenses	143.8
Less: sublease income	SG&A expenses	(0.4		)
Total net lease cost		$	634.6

Schedule of Supplemental Balance Sheet Information [Table Text Block]

Supplemental balance sheet information related to leases was as follows:



(In millions)	Line Item in the Company’s Consolidated Balance Sheet	2019
Right-of-use assets:
Operating lease	Operating lease right-of-use assets	$	1,675.8
Finance lease	Property, plant and equipment, net	12.6
		$	1,688.4
Current lease liabilities:
Operating lease	Current portion of operating lease liabilities	$	363.5
Finance lease	Accrued expenses	4.6
		$	368.1
Other lease liabilities:
Operating lease	Long-term portion of operating lease liabilities	$	1,532.0
Finance lease	Other liabilities	9.9
		$	1,541.9

Schedule of Supplemental Cash Flow Information [Table Text Block]

Supplemental cash flow information related to leases was as follows:



(In millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	472.8
Operating cash flows from finance leases	0.5
Financing cash flows from finance leases	5.5
Non-cash transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities	441.3
Right-of-use assets obtained in exchange for new finance lease liabilities	3.6

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



	2019
Weighted average remaining lease term (years):
Operating leases	6.84
Finance leases	4.37
Weighted average discount rate:
Operating leases	4.25	%
Finance leases	3.11	%

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

At February 2, 2020, the maturities of the Company’s lease liabilities were as follows:



(In millions)	Finance Leases			Operating Leases			Total
2020	$	5.1		$	436.2		$	441.3
2021	4.5			399.2			403.7
2022	2.5			323.5			326.0
2023	1.0			244.2			245.2
2024	0.5			187.1			187.6
Thereafter	2.3			622.5			624.8
Total lease payments	$	15.9		$	2,212.7		$	2,228.6
Less: Interest	(1.4		)	(317.2		)	(318.6		)
Total lease liabilities	$	14.5		$	1,895.5		$	1,910.0

Schedule of Future Minimum Lease Payments Operating and Capital Leases [Table Text Block]

At February 3, 2019, minimum annual rental commitments under noncancelable leases were as follows:



(In millions)	Capital Leases			Operating Leases		Total
2019	$	5.6		$	402.4	$	408.0
2020	4.4			371.9		376.3
2021	3.8			314.0		317.8
2022	1.8			255.0		256.8
2023	0.6			189.9		190.5
Thereafter	2.5			618.7		621.2
Total minimum lease payments	$	18.7		$	2,151.9	$	2,170.6
Less: Amount representing interest	(2.2		)
Present value of net minimum capital lease payments	$	16.5

Operating and Capital Leases, Rent Expense [Table Text Block]

Rent expense was as follows:



(In millions)	2018			2017
Minimum	$	465.3		$	455.2
Percentage and other	128.6			103.0
Less: Sublease rental income	(1.4		)	(1.8		)
Total	$	592.5		$	556.4

EXIT ACTIVITY COSTS (Tables)

12 Months Ended

Feb. 02, 2020

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

In connection with the Calvin Klein restructuring, the Company recorded pre-tax costs during 2019 and 2018 as shown in the following table. All expected costs related to this restructuring were incurred by the end of 2019.



(In millions)	Costs Incurred During 2018		Costs Incurred During 2019		Cumulative Costs Incurred
Severance, termination benefits and other employee costs	$	27.3	$	25.6	$	52.9
Long-lived asset impairments ⁽¹⁾	6.9		38.2		45.1
Contract termination and other costs	4.3		26.2		30.5
Inventory markdowns	2.2		12.9		15.1
Total	$	40.7	$	102.9	$	143.6

⁽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 Accrued Liabilities Costs Incurred And Paid [Table Text Block]

The liabilities at February 2, 2020 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 2019		Costs Paid During 2019		Liability at 2/2/20
Severance, termination benefits and other employee costs	$	25.8	$	25.6	$	44.9	$	6.5
Contract termination and other costs	2.3		26.2		27.3		1.2
Total	$	28.1	$	51.8	$	72.2	$	7.7

NET INCOME PER COMMON SHARE (Tables)

12 Months Ended

Feb. 02, 2020

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:



(In millions, except per share data)	2019		2018		2017
Net income attributable to PVH Corp.	$	417.3	$	746.4	$	537.8

Weighted average common shares outstanding for basic net income per common share	74.2		76.5		77.6
Weighted average impact of dilutive securities	0.4		0.8		1.0
Total shares for diluted net income per common share	74.6		77.3		78.6

Basic net income per common share attributable to PVH Corp.	$	5.63	$	9.75	$	6.93

Diluted net income per common share attributable to PVH Corp.	$	5.60	$	9.65	$	6.84

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:



(In millions)	2019	2018	2017
Weighted average potentially dilutive securities	1.1	0.4	0.5

SEGMENT DATA (Tables)

12 Months Ended

Feb. 02, 2020

Segment Reporting [Abstract]

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

The Company’s revenue by segment was as follows:



(In millions)	2019		⁽¹⁾	2018		⁽¹⁾	2017		⁽¹⁾
Revenue – Tommy Hilfiger North America
Net sales	$	1,540.2		$	1,574.3		$	1,482.2
Royalty revenue	84.1			76.2			68.9
Advertising and other revenue	23.6			18.7			16.7
Total	1,647.9			1,669.2			1,567.8

Revenue – Tommy Hilfiger International
Net sales	2,994.2			2,599.7			2,268.0
Royalty revenue	49.8			52.7			47.8
Advertising and other revenue	19.8			22.9			9.6
Total	3,063.8			2,675.3			2,325.4

Revenue – Calvin Klein North America
Net sales	1,467.0			1,599.9			1,511.3
Royalty revenue	148.9			143.6			146.4
Advertising and other revenue	53.8			49.8			50.1
Total	1,669.7			1,793.3			1,707.8

Revenue – Calvin Klein International
Net sales	1,896.7			1,827.9			1,645.0
Royalty revenue	74.1			78.9			80.0
Advertising and other revenue	27.3			31.1			28.8
Total	1,998.1			1,937.9			1,753.8

Revenue – Heritage Brands Wholesale
Net sales	1,248.5			1,293.2			1,274.4
Royalty revenue	19.2			20.5			19.5
Advertising and other revenue	4.2			3.7			3.5
Total	1,271.9			1,317.4			1,297.4

Revenue – Heritage Brands Retail
Net sales	253.4			259.2			258.5
Royalty revenue	3.8			4.0			3.7
Advertising and other revenue	0.4			0.5			0.4
Total	257.6			263.7			262.6

Total Revenue
Net sales	9,400.0			9,154.2			8,439.4
Royalty revenue	379.9			375.9			366.3
Advertising and other revenue	129.1			126.7			109.1
Total⁽²⁾	$	9,909.0		$	9,656.8		$	8,914.8


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


⁽²⁾	No single customer accounted for more than 10% of the Company’s revenue in 2019, 2018 or 2017.

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



(In millions)	2019		2018		2017
Wholesale net sales	$	5,066.9	$	4,969.6	$	4,504.3
Retail net sales	4,333.1		4,184.6		3,935.1
Net sales	9,400.0		9,154.2		8,439.4

Royalty revenue	379.9		375.9		366.3
Advertising and other revenue	129.1		126.7		109.1
Total	$	9,909.0	$	9,656.8	$	8,914.8

The Company has not disclosed net sales by product category as it is impracticable to do so.

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



(In millions)	2019			⁽¹⁾	2018			⁽¹⁾	2017			⁽¹⁾
Income before interest and taxes – Tommy Hilfiger North America	$	93.5		⁽³⁾⁽⁴⁾	$	233.8			$	97.0		^(12)(13)(14)

Income before interest and taxes – Tommy Hilfiger International	468.2			⁽⁵⁾	377.1			⁽¹⁰⁾	221.5			^(10)(12)(13)

Income before interest and taxes – Calvin Klein North America	99.8			⁽³⁾⁽⁶⁾	166.7			⁽¹¹⁾	184.0

Income before interest and taxes – Calvin Klein International	153.3			^(3)(5)(6)	211.5			⁽¹¹⁾	226.5

(Loss) Income before interest and taxes – Heritage Brands Wholesale	(84.9		)	⁽⁵⁾⁽⁷⁾	83.3				96.7

Income before interest and taxes – Heritage Brands Retail	3.0				7.4				7.6

Loss before interest and taxes – Corporate⁽²⁾	(174.2		)	^(5)(8)(9)	(188.1		)		(200.9		)	^(15)(16)

Income before interest and taxes	$	558.7			$	891.7			$	632.4


⁽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 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.

⁽⁵⁾


⁽⁶⁾	Income before interest and taxes for 2019 included costs of $102.9 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $66.0 million in Calvin Klein North America and $36.9 million in Calvin Klein International. Please see Note 18, “Exit Activity Costs,” for further discussion.


⁽⁷⁾	Loss before interest and taxes for 2019 included a noncash loss of $142.0 million in connection with the Speedo transaction. Please see Note 4, “Assets Held For Sale,” for further discussion.


⁽⁸⁾	Loss before interest and taxes for 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 3, “Acquisitions,” for further discussion.


⁽⁹⁾	Loss before interest and taxes for 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 2018 and 2017 included costs of $23.6 million and $26.9 million, respectively, associated with the TH China acquisition, primarily consisting of noncash amortization of short-lived assets.


⁽¹¹⁾	Income before interest and taxes for 2018 included costs of $40.7 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $18.9 million in Calvin Klein North America and $21.8 million in Calvin Klein International. Please see Note 18, “Exit Activity Costs,” for further discussion.

⁽¹²⁾

⁽¹³⁾


⁽¹⁴⁾	Income before interest and taxes for 2017 included costs of $19.2 million associated with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense.


⁽¹⁵⁾	Loss before interest and taxes for 2017 included costs of $23.9 million related to the early redemption of the Company’s $700 million 4 1/2% senior notes due 2022. Please see Note 9, “Debt,” for further discussion.


⁽¹⁶⁾	Loss before interest and taxes for 2017 included costs of $9.4 million related to the noncash settlement of certain of the Company’s benefit obligations related to its Pension Plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer. Please see Note 13, “Retirement and Benefit Plans,” for further discussion.

The Company’s identifiable assets, depreciation and amortization, and identifiable capital expenditures by segment were as follows:



(In millions)	2019		2018		2017
Identifiable Assets^(1)(2)(3)
Tommy Hilfiger North America	$	1,599.0	$	1,330.5	$	1,276.5
Tommy Hilfiger International	4,888.6		3,949.3		4,047.3
Calvin Klein North America	1,932.3		1,817.9		1,836.9
Calvin Klein International	3,428.9		3,114.9		3,138.0
Heritage Brands Wholesale	1,075.3		1,178.1		1,123.5
Heritage Brands Retail	128.4		86.6		81.6
Corporate	578.5		386.4		381.9
Total	$	13,631.0	$	11,863.7	$	11,885.7
Depreciation and Amortization
Tommy Hilfiger North America	$	40.6	$	37.9	$	45.1
Tommy Hilfiger International⁽⁴⁾	119.7		133.9		124.5
Calvin Klein North America	38.6		41.5		43.8
Calvin Klein International	91.9		90.6		83.1
Heritage Brands Wholesale	15.1		14.9		14.3
Heritage Brands Retail	6.2		5.6		5.3
Corporate	11.7		10.4		8.8
Total	$	323.8	$	334.8	$	324.9
Identifiable Capital Expenditures⁽⁵⁾
Tommy Hilfiger North America ⁽⁶⁾	$	41.7	$	56.1	$	82.0
Tommy Hilfiger International	139.6		143.9		126.7
Calvin Klein North America	30.3		36.0		36.8
Calvin Klein International	83.3		102.7		96.6
Heritage Brands Wholesale	18.6		15.8		8.0
Heritage Brands Retail	6.5		8.5		4.2
Corporate	21.0		18.3		10.1
Total	$	341.0	$	381.3	$	364.4


⁽¹⁾	Identifiable assets included the impact of changes in foreign currency exchange rates.

⁽²⁾


⁽³⁾	Identifiable assets in 2019 included the impact of the Australia acquisition. Please see Note 3, “Acquisitions,” for a further discussion.


⁽⁴⁾	Depreciation and amortization in 2018 and 2017 included $24.6 million and $26.8 million, respectively, related to the amortization of intangible assets recorded in connection with the TH China acquisition, which became fully amortized in 2018.


⁽⁵⁾	Capital expenditures in 2019 included $39.5 million of accruals that will not be paid until 2020. Capital expenditures in 2018 included $43.7 million of accruals that were not paid until 2019. Capital expenditures in 2017 included $41.9 million of accruals that were not paid until 2018.


⁽⁶⁾	Capital expenditures in 2017 included expenditures related to the relocation of the Company’s Tommy Hilfiger office in New York, New York.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Property, plant and equipment, net based on the location where such assets are held, was as follows:



(In millions)	2019 ⁽¹⁾		2018 ⁽¹⁾		2017 ⁽¹⁾
Domestic	$	525.8	$	500.5	$	449.2
Canada	25.3		28.8		30.0
Europe	375.6		362.7		325.5
Asia-Pacific⁽²⁾	87.6		73.4		73.8
Other foreign	12.5		19.1		21.3
Total	$	1,026.8	$	984.5	$	899.8


⁽¹⁾	Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.


⁽²⁾	The Company completed the Australia acquisition in the second quarter of 2019. Please see Note 3, “Acquisitions,” for further discussion.

Revenue, based on location of origin, was as follows:



(In millions)	2019 ⁽¹⁾		2018 ⁽¹⁾		2017 ⁽¹⁾
Domestic	$	4,275.0	$	4,481.3	$	4,290.1
Canada	505.5		528.8		512.2
Europe	3,657.3		3,362.1		2,907.2
Asia-Pacific⁽²⁾	1,353.4		1,163.7		1,059.3
Other foreign	117.8		120.9		146.0
Total	$	9,909.0	$	9,656.8	$	8,914.8


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

⁽²⁾

The Company completed the Australia acquisition in the second quarter of 2019. Please see Note 3, “Acquisitions,” for further discussion.

OTHER COMMENTS (Tables)

12 Months Ended

Feb. 02, 2020

Other Comments [Abstract]

Schedule of Change in Asset Retirement Obligation [Table Text Block]



(In millions)	2019			2018
Balance at beginning of year	$	32.3		$	27.1
Business acquisitions	1.4			—
Liabilities incurred	3.9			7.4
Liabilities settled (payments)	(2.2		)	(1.7		)
Accretion expense	0.4			0.4
Revisions in estimated cash flows	0.4			(0.1		)
Currency translation adjustment	(0.5		)	(0.8		)
Balance at end of year	$	35.7		$	32.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Fiscal year, minimum number of weeks

52 Weeks

53 Weeks

Fiscal year, maximum number of weeks

52 Weeks

Cash equivalents, maturity, maximum months

3 months

Cash and cash equivalents also include Receivables, Credit Card, Third Party Intermediaries collectible in

one week

Percentage of goodwill fair value in excess of carrying amount

15.00%

50.00%

Warehousing and distribution expenses

$ 351.4

$ 307.7

$ 272.6

Advertising expense

509.7

526.0

501.3

Prepaid Advertising

$ 5.9

7.3

Percent likelihood that tax position will be fully sustained

50.00%

Foreign currency transaction loss (gain)

$ 16.2

17.3

(10.2)

Ethiopia Joint Venture [Member]

$ 109.9

^[1]

$ 17.9

$ 7.5

Non-Controlling Interest, Ownership Percentage by Parent

75.00%

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

25.00%

Percentage of Fair Value in Excess of Carrying Amount

3.00%

Perpetual License Rights [Member] | Fair Value, Nonrecurring [Member]

$ 116.4

Accounting Standards Update 2018-15 [Member]

116.4

Hosting Arrangement, Service Contract, Implementation Cost, Capitalized, before Accumulated Amortization

16.6

Hosting Arrangement, Service Contract, Implementation Cost, Expense, Amortization

0.9

Hosting Arrangement, Service Contract, Implementation Cost, Capitalized, after Accumulated Amortization

$ 15.7

[1]	Noncash impairment charge of $116.4 million related to the sale of the Speedo North America business is included in Other noncash loss, net. Please see Note 4 for further information.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 275.0	$ 263.9	$ 252.2
Buildings and building improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	15 years
Buildings and building improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	40 years
Machinery, software and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	2 years
Machinery, software and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	10 years
Furniture and fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	2 years
Furniture and fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	10 years
Shop-in-shops [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	3 years
Shop-in-shops [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life in years	4 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Impact of New Lease Standard on Balance Sheet Line Items (Details) - USD ($) $ in Millions	Feb. 02, 2020	Feb. 03, 2019
Item Effected [Line Items]
Prepaid expenses		$ 168.7
Other Assets	$ 375.9	400.9
Operating Lease, Right-of-Use Asset	1,675.8	0.0
Accrued expenses	929.6	891.6
Current portion of operating lease liabilities	363.5	0.0
Long-Term Portion of Operating Lease Liabilities	1,532.0	0.0
Total lease liabilities	1,895.5
Other Liabilities	1,234.5	1,322.4
Retained earnings	$ (4,753.0)	(4,350.1)
Accounting Standards Update 2016-02 [Member]
Item Effected [Line Items]
Prepaid expenses		(21.3)
Other Assets		(10.3)
Operating Lease, Right-of-Use Asset		1,708.2
Accrued expenses		(17.0)
Current portion of operating lease liabilities		350.5
Long-Term Portion of Operating Lease Liabilities		1,514.1
Total lease liabilities		1,900.0
Other Liabilities		(167.9)
Retained earnings		3.1
Pro Forma [Member]
Item Effected [Line Items]
Prepaid expenses		147.4
Other Assets		390.6
Operating Lease, Right-of-Use Asset		1,708.2
Accrued expenses		874.6
Current portion of operating lease liabilities		350.5
Long-Term Portion of Operating Lease Liabilities		1,514.1
Total lease liabilities		1,900.0
Other Liabilities		1,154.5
Retained earnings		$ (4,347.0)

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

12 Months Ended

Feb. 02, 2020

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)

$ 10.3

$ 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

60.3

61.3

Reductions in deferred revenue for revenue recognized during the period

(60.9)

^[1]

(50.8)

Deferred revenue, ending balance

$ 64.7

$ 65.3

[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.

REVENUE Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Details) $ in Millions	Feb. 02, 2020 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-02-02
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]: 2020-02-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 291.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-02-02
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 242.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 684.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

ACQUISITIONS (Details) - USD ($) $ in Millions						12 Months Ended
ACQUISITIONS (Details) - USD ($) $ in Millions	Jul. 01, 2019	May 31, 2019	Apr. 20, 2018	Sep. 01, 2017	Mar. 30, 2017	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Business Acquisition [Line Items]
Goodwill						$ 3,677.6	$ 3,670.5	$ 3,834.7
Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill						1,598.3	1,529.8	1,661.6
Calvin Klein North America [Member]
Business Acquisition [Line Items]
Goodwill						780.4	780.3	780.2
Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill						896.1	909.5	942.0
Heritage Brands Wholesale [Member]
Business Acquisition [Line Items]
Goodwill						198.4	$ 246.5	$ 246.5
TH CSAP Acquisition [Member]
Business Acquisition [Line Items]
Cash paid to acquire business	$ 74.3
Goodwill						63.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets	10.4
TH CSAP Acquisition [Member] \| Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill						63.9
Goodwill	$ 63.9
Australia Acquisition [Member]
Business Acquisition [Line Items]
Cash paid to acquire business		$ 124.7
Goodwill						65.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		324.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		6.6
Gain to write-up equity investments in joint ventures to fair value		113.1
Pre-Acquisition Accounts Receivable		2.2
Goodwill		65.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 222.2
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		6.00%
Business Ownership Percentage		100.00%
Mandatorily Redeemable Non-Controlling Interest to be Purchased		50.00%
Tranche 1 Effective Period		one year after the closing
Tranche 2 Effective Period		two years after the closing
Total acquisition date fair value of the business acquired		$ 324.6
Australia Acquisition [Member] \| Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill						56.8
Goodwill		9.1
Australia Acquisition [Member] \| Calvin Klein North America [Member]
Business Acquisition [Line Items]
Goodwill						0.0
Australia Acquisition [Member] \| Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill						9.1
Goodwill		$ 56.8
Australia Acquisition [Member] \| Heritage Brands Wholesale [Member]
Business Acquisition [Line Items]
Goodwill						0.0
Australia Acquisition [Member] \| Order Backlog [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period		6 months
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 0.3
Australia Acquisition [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period		10 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 17.0
Geoffrey Beene Acquisition [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired			$ 17.0
Payments to Acquire Intangible Assets			15.9
Noncash Or Part Noncash Acquisition, Prepaid Royalties Assumed			0.7
Noncash or Part Noncash Acquisition, Other Liabilities Assumed			$ 0.4
Belgian Acquisition [Member]
Business Acquisition [Line Items]
Cash paid to acquire business				$ 12.0
Goodwill				12.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				(0.4)
Belgian Acquisition [Member] \| Tommy Hilfiger International [Member]
Business Acquisition [Line Items]
Goodwill				11.1
Belgian Acquisition [Member] \| Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill				$ 1.3
True & Co Acquisition [Member]
Business Acquisition [Line Items]
Cash paid to acquire business					$ 28.5
Goodwill					20.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					7.6
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets					7.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents					0.4
True & Co Acquisition [Member] \| Calvin Klein North America [Member]
Business Acquisition [Line Items]
Goodwill					5.4
True & Co Acquisition [Member] \| Calvin Klein International [Member]
Business Acquisition [Line Items]
Goodwill					4.8
True & Co Acquisition [Member] \| Heritage Brands Wholesale [Member]
Business Acquisition [Line Items]
Goodwill					$ 10.7
Gazal Corporation Limited [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		22.00%
Gazal Corporation Limited [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired		78.00%
Equity Method Investments, Carrying Value Prior To Step Acquisition Remeasurement		$ 16.5
Gain to write-up equity investments in joint ventures to fair value		$ 23.6
PVH Australia [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		50.00%
PVH Australia [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Equity Method Investments, Carrying Value Prior To Step Acquisition Remeasurement		$ 41.9
Gain to write-up equity investments in joint ventures to fair value		89.5
Fair Value, Inputs, Level 1 [Member] \| Gazal Corporation Limited [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		40.1
Fair Value, Inputs, Level 3 [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Fair Value		26.2
Noncontrolling Interest, Change in Redemption Value						(8.6)
Redeemable Noncontrolling Interest, Equity, Common, Redemption Value						33.8
Fair Value, Inputs, Level 3 [Member] \| PVH Australia [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		$ 131.4
Measurement Input, Discount Rate [Member] \| Fair Value, Inputs, Level 3 [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value Input		12.50%
Accrued Liabilities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Fair Value						$ 16.9
Reacquired License Rights [Member] \| Australia Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 204.9
Perpetual License Rights [Member]
Business Acquisition [Line Items]
Percentage of Fair Value in Excess of Carrying Amount						3.00%

ACQUISITIONS Fair Value of Acquisition Consideration (Details) - Australia Acquisition [Member] $ in Millions	May 31, 2019 USD ($)
Business Acquisition [Line Items]
Cash consideration	$ 124.7
Elimination of pre-acquisition receivable owed to the Company	2.2
Total acquisition date fair value of the business acquired	324.6
Fair Value, Inputs, Level 1 [Member] \| Gazal Corporation Limited [Member]
Business Acquisition [Line Items]
Fair value of the Company's investment in PVH Australia	40.1
Fair Value, Inputs, Level 3 [Member]
Business Acquisition [Line Items]
Fair value of mandatorily redeemable non-controlling interest	26.2
Fair Value, Inputs, Level 3 [Member] \| PVH Australia [Member]
Business Acquisition [Line Items]
Fair value of the Company's investment in PVH Australia	$ 131.4

ACQUISITIONS Allocation of Acquisition Consideration (Details) - USD ($) $ in Millions	Feb. 02, 2020	May 31, 2019	Feb. 03, 2019	Feb. 04, 2018
Business Acquisition [Line Items]
Goodwill	$ 3,677.6		$ 3,670.5	$ 3,834.7
Australia Acquisition [Member]
Business Acquisition [Line Items]
Cash and cash equivalents		$ 6.6
Trade receivables		15.1
Inventories		89.9
Prepaid expenses		1.3
Other current assets		3.5
Assets held for sale		58.8
Property, plant and equipment		18.4
Goodwill		65.9
Intangible assets		222.2
Operating lease right-of-use assets		56.4
Total assets acquired		538.1
Accounts payable		14.4
Accrued expenses		22.5
Short-term borrowings		50.5
Current portion of operating lease liabilities		10.9
Long-term portion of operating lease liabilities		43.9
Deferred tax liability		69.6
Other liabilities		1.7
Total liabilities assumed		213.5
Total acquisition date fair value of the business acquired		$ 324.6

ASSETS HELD FOR SALE (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Speedo Transaction [Member]

$ 109.9

^[1]

$ 17.9

$ 7.5

Expected proceeds from divestiture of businesses

170.0

Noncash loss to write-down assets held for sale

142.0

Disposal Group, Including Discontinued Operation, Intangible Assets

7.9

Disposal Group, Including Discontinued Operation, Intangible Assets

116.4

87.4

Fair Value, Nonrecurring [Member] | Perpetual License Rights [Member]

116.4

203.8

$ 87.4

[1]	Noncash impairment charge of $116.4 million related to the sale of the Speedo North America business is included in Other noncash loss, net. Please see Note 4 for further information.

ASSETS HELD FOR SALE Assets and Liabilities Held for Sale (Details) - Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
$ in Millions

Feb. 02, 2020

USD ($)

Property, plan and equipment, net

$ 48.8

54.3

0.6

0.6

6.1

Operating lease right-of-use assets

9.0

Other intangibles, net

95.3

^[1]

Allowance for reduction of assets held for sale

(25.6)

Total assets held for sale

237.2

Accounts payable

38.7

Accrued expenses

5.4

Current portion of operating lease liabilities

0.6

Long-term portion of operating lease liabilities

10.6

Other liabilities

1.8

Total liabilities related to assets held for sale

$ 57.1

[1]	⁽¹⁾ Other intangibles, net includes a perpetual license right of $87.4 million and customer relationships of $7.9 million.

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
$ in Millions

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Less: Accumulated depreciation

$ 2,606.2

$ 2,398.5

(1,579.4)

(1,414.0)

^[1]

1,026.8

984.5

$ 899.8

Land [Member]

Buildings and building improvements [Member]

1.0

Machinery, software and equipment [Member]

53.2

54.8

Furniture and fixtures [Member]

871.7

697.6

Shop-in-shops/concession locations [Member]

586.0

540.0

Leasehold improvements [Member]

209.8

230.9

Construction in progress [Member]

849.0

790.3

$ 35.5

$ 83.9

[1]	Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.

INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018	Jan. 29, 2017	May 31, 2019	Oct. 29, 2017	Aug. 02, 2016
Schedule of Equity Method Investments [Line Items]
Payment received on advance to unconsolidated affiliate	$ 0.0	$ 0.0	$ 6.3
Payments made to unconsolidated affiliates	27.7	0.0	14.2
Investments in Unconsolidated Affiliates	$ 176.3	207.1
PVH Legwear Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	49.00%
Payments made to unconsolidated affiliates	$ 27.7
PVH Australia Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage					50.00%
Gazal and PVH Australia [Member]
Schedule of Equity Method Investments [Line Items]
Dividends received from unconsolidated affiliates	$ 6.4	$ 7.6	$ 3.7
Gazal Corporation Limited [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage					22.00%
Calvin Klein India Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%					51.00%
Equity Method Investment, Change in Ownership Percentage			(1.00%)
Proceeds from Equity Method Investment, Sale of Ownership Percentage			$ 0.4
Payments made to unconsolidated affiliates			1.6
Tommy Hilfiger India Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Payments made to unconsolidated affiliates			2.7
Tommy Hilfiger Brazil Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	41.00%					40.00%
Notes Receivable, Related Parties							$ 12.5
Payment received on advance to unconsolidated affiliate				$ 6.2
Payments made to unconsolidated affiliates			$ 2.5
Tommy Hilfiger Brazil Joint Venture [Member] \| Change In Ownership Percentage of Equity Method Investment [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Change in Ownership Percentage			1.00%
Payments made to unconsolidated affiliates			$ 0.3
PVH Mexico Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	49.00%
Dividends received from unconsolidated affiliates	$ 7.2
Karl Lagerfeld [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	8.00%

REDEEMABLE NON-CONTROLLING INTEREST (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018	Jun. 29, 2016
Non-controlling Interest [Line Items]
Redeemable Non-Controlling Interest	$ (2.0)	$ 0.2
Contributions from non-controlling interest	$ 0.0	0.0	$ 1.7
Ethiopia Joint Venture [Member]
Non-controlling Interest [Line Items]
Non-Controlling Interest, Ownership Percentage by Parent	75.00%
Redeemable Non-Controlling Interest, Equity, Fair Value				$ 0.1
Redeemable Non-Controlling Interest	$ (2.0)	$ 0.2
Net loss attributable to redeemable non-controlling interest	$ 2.2

GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill (Details) - USD ($) $ in Millions			12 Months Ended
	Sep. 01, 2017	Mar. 30, 2017	Feb. 02, 2020	Feb. 03, 2019
Goodwill [Line Items]
Contingent purchase price payments, percentage of total worldwide net sales			1.15%
Goodwill [Roll Forward]
Goodwill, gross, beginning of period			$ 3,682.4	$ 3,846.6
Accumulated impairment losses, beginning of period			(11.9)	(11.9)
Goodwill, net, beginning of period			3,670.5	3,834.7
Contingent purchase price payments to Mr. Calvin Klein				1.7
Currency translation			(74.6)	(165.9)
Goodwill, gross, end of period			3,689.5	3,682.4
Accumulated impairment losses, end of period			(11.9)	(11.9)
Goodwill, net, end of period			3,677.6	3,670.5
Reclassification of goodwill to assets held for sale			48.1
Calvin Klein North America [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period			780.3	780.2
Accumulated impairment losses, beginning of period			0.0	0.0
Goodwill, net, beginning of period			780.3	780.2
Contingent purchase price payments to Mr. Calvin Klein				1.0
Currency translation			0.1	(0.9)
Goodwill, gross, end of period			780.4	780.3
Accumulated impairment losses, end of period			0.0	0.0
Goodwill, net, end of period			780.4	780.3
Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period			909.5	942.0
Accumulated impairment losses, beginning of period			0.0	0.0
Goodwill, net, beginning of period			909.5	942.0
Contingent purchase price payments to Mr. Calvin Klein				0.7
Currency translation			(22.5)	(33.2)
Goodwill, gross, end of period			896.1	909.5
Accumulated impairment losses, end of period			0.0	0.0
Goodwill, net, end of period			896.1	909.5
Tommy Hilfiger North America [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period			204.4	204.4
Accumulated impairment losses, beginning of period			0.0	0.0
Goodwill, net, beginning of period			204.4	204.4
Contingent purchase price payments to Mr. Calvin Klein				0.0
Currency translation			0.0	0.0
Goodwill, gross, end of period			204.4	204.4
Accumulated impairment losses, end of period			0.0	0.0
Goodwill, net, end of period			204.4	204.4
Tommy Hilfiger International [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period			1,529.8	1,661.6
Accumulated impairment losses, beginning of period			0.0	0.0
Goodwill, net, beginning of period			1,529.8	1,661.6
Contingent purchase price payments to Mr. Calvin Klein				0.0
Currency translation			(52.2)	(131.8)
Goodwill, gross, end of period			1,598.3	1,529.8
Accumulated impairment losses, end of period			0.0	0.0
Goodwill, net, end of period			1,598.3	1,529.8
Heritage Brands Wholesale [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period			246.5	246.5
Accumulated impairment losses, beginning of period			0.0	0.0
Goodwill, net, beginning of period			246.5	246.5
Contingent purchase price payments to Mr. Calvin Klein				0.0
Currency translation			0.0	0.0
Goodwill, gross, end of period			198.4	246.5
Accumulated impairment losses, end of period			0.0	0.0
Goodwill, net, end of period			198.4	246.5
Reclassification of goodwill to assets held for sale			48.1
Heritage Brands Retail [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning of period			11.9	11.9
Accumulated impairment losses, beginning of period			(11.9)	(11.9)
Goodwill, net, beginning of period			0.0	0.0
Contingent purchase price payments to Mr. Calvin Klein				0.0
Currency translation			0.0	0.0
Goodwill, gross, end of period			11.9	11.9
Accumulated impairment losses, end of period			(11.9)	(11.9)
Goodwill, net, end of period			0.0	$ 0.0
Australia Acquisition [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period			65.9
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			9.1
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			56.8
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			63.9
TH CSAP Acquisition [Member] \| Tommy Hilfiger International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period			63.9
True & Co Acquisition [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period		$ 20.9
True & Co Acquisition [Member] \| Calvin Klein North America [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period		5.4
True & Co Acquisition [Member] \| Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period		4.8
True & Co Acquisition [Member] \| Heritage Brands Wholesale [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period		$ 10.7
Belgian Acquisition [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	$ 12.4
Belgian Acquisition [Member] \| Calvin Klein International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	1.3
Belgian Acquisition [Member] \| Tommy Hilfiger International [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	$ 11.1
Perpetual License Rights [Member] \| Fair Value, Nonrecurring [Member]
Goodwill [Line Items]
Long-Lived Assets			$ 203.8

GOODWILL AND OTHER INTANGIBLE ASSETS Intangible Assets (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Finite-Lived Intangible Assets, Gross

$ 792.4

$ 831.2

Finite-Lived Intangible Assets, Accumulated Amortization

(351.1)

(340.5)

Finite-Lived Intangible Assets, Net

441.3

490.7

Indefinite-lived Intangible Assets (Excluding Goodwill)

3,039.4

3,078.5

Intangible Assets, Gross (Excluding Goodwill)

109.9

^[1]

17.9

$ 7.5

3,831.8

3,909.7

Intangible Assets, Accumulated Amortization

(351.1)

(340.5)

Intangible Assets, Net (Excluding Goodwill)

3,480.7

3,569.2

Amortization of Intangible Assets

39.7

62.8

Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]

36.8

36.6

34.3

24.0

23.6

Indefinite-lived Intangible Assets (Excluding Goodwill)

2,830.2

2,863.7

Indefinite-lived Intangible Assets (Excluding Goodwill)

^[2]

0.0

203.8

Reacquired Perpetual License Rights [Member]

Indefinite-lived Intangible Assets (Excluding Goodwill)

^[3]

209.2

11.0

Customer Relationships [Member]

Finite-Lived Intangible Assets, Gross

289.9

307.4

Finite-Lived Intangible Assets, Accumulated Amortization

(189.2)

(186.1)

Finite-Lived Intangible Assets, Net

^[2],[3]

100.7

121.3

Reacquired License Rights [Member]

Finite-Lived Intangible Assets, Gross

502.5

523.8

Finite-Lived Intangible Assets, Accumulated Amortization

(161.9)

(154.4)

Finite-Lived Intangible Assets, Net

340.6

$ 369.4

Disposal Group, Including Discontinued Operation, Intangible Assets

116.4

87.4

Perpetual License Rights [Member] | Fair Value, Nonrecurring [Member]

116.4

Disposal Group, Including Discontinued Operation, Intangible Assets

7.9

Disposal Group, Held-for-sale, Not Discontinued Operations [Member]

Disposal Group, Including Discontinued Operation, Intangible Assets

^[4]

$ 95.3

[1]	Noncash impairment charge of $116.4 million related to the sale of the Speedo North America business is included in Other noncash loss, net. Please see Note 4 for further information.
[2]	The change from February 3, 2019 to February 2, 2020 included the intangible assets of the Company’s Speedo North America business, consisting of customer relationships of $7.9 million and a perpetual license right of $203.8 million. The Company recorded a $116.4 million noncash impairment charge related to the Speedo perpetual license right in the fourth quarter of 2019 in connection with the Speedo transaction. The remaining perpetual license right of $87.4 million and the customer relationships of $7.9 million were reclassified to assets held for sale in the Company’s Consolidated Balance Sheet as of February 2, 2020. Please see Note 4, “Assets Held For Sale,” for further discussion.
[3]	The change from February 3, 2019 to February 2, 2020 included intangible assets recorded in connection with the Australia acquisition. The intangible assets as of the acquisition date included reacquired perpetual license rights of $204.9 million, which are indefinite-lived, and customer relationships of $17.0 million, which are being amortized on a straight-line basis over 10.0 years, both of which were subject to exchange rate fluctuations after the acquisition date
[4]	⁽¹⁾ Other intangibles, net includes a perpetual license right of $87.4 million and customer relationships of $7.9 million.

DEBT Short-Term Lines of Credit, Overdraft Facilities, Senior Secured Credit Facilities and Short-Term Revolving Credit Facilities (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Apr. 01, 2020	Apr. 29, 2019	Feb. 03, 2019
Line of Credit Facility [Line Items]
Line of credit facility, amount outstanding		$ 930.0
2016 Facilities [Member]
Line of Credit Facility [Line Items]
Line of credit facility, amount outstanding				$ 7.8
Short-term debt, weighted average interest rate				4.45%
2019 Facilities [Member]
Line of Credit Facility [Line Items]
Maximum amount of borrowings outstanding during the period	$ 378.4
Line of Credit Foreign Facilities [Member]
Line of Credit Facility [Line Items]
Line of credit facility, aggregate maximum borrowing capacity	132.0
Line of credit facility, amount outstanding	$ 49.6			$ 5.1
Short-term debt, weighted average interest rate	2.56%			0.21%
Maximum amount of borrowings outstanding during the period	$ 99.5
Commercial Paper [Member]
Line of Credit Facility [Line Items]
Maximum amount of borrowings outstanding during the period	$ 370.0
Debt Instrument, Term	397 days
United States of America, Dollars \| Commercial Paper and 2019 Facilities [Member]
Line of Credit Facility [Line Items]
Maximum amount of borrowings outstanding during the period	$ 567.0
Commercial Paper and 2019 Facilities [Member] \| United States of America, Dollars
Line of Credit Facility [Line Items]
Line of credit facility, aggregate maximum borrowing capacity			$ 675.0

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

Feb. 02, 2020

USD ($)

^[1]

Mandatory long-term debt repayment, 2020

$ 13.8

Mandatory long-term debt repayment, 2021

39.0

Mandatory long-term debt repayment, 2022

102.9

Mandatory long-term debt repayment, 2023

223.4

Mandatory long-term debt repayment, 2024

$ 1,682.9

[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.

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

12 Months Ended

21 Months Ended

Apr. 29, 2019

USD ($)

Jan. 05, 2018

USD ($)

Jun. 30, 2023

Jun. 30, 2022

Feb. 02, 2020

USD ($)

Feb. 03, 2019

USD ($)

Feb. 04, 2018

USD ($)

Feb. 04, 2018

EUR (€)

Jun. 30, 2021

Apr. 01, 2020

USD ($)

Feb. 02, 2020

EUR (€)

Apr. 29, 2019

EUR (€)

Apr. 29, 2019

CAD ($)

May 19, 2016

USD ($)

May 19, 2016

EUR (€)

Long-term Debt, Current Maturities

$ 2,707.7

$ 2,819.4

13.8

0.0

Long-term Debt, Excluding Current Maturities

$ 2,693.9

2,819.4

Percentage of long-term debt at fixed interest rates

55.00%

Repayments of Unsecured Debt

$ 5.2

0.0

$ 23.9

Line of Credit, Current

$ 930.0

70.6

0.0

Repayment of senior senior secured credit facilities

1,649.3

0.0

Interest Paid, Including Capitalized Interest, Operating and Investing Activities

108.3

114.6

120.2

Senior notes due 2022 [Member]

Write-off of deferred debt issuance costs

$ 8.1

Repayment of senior senior secured credit facilities

0.0

715.8

Debt instrument, face amount

4.50%

$ 700.0

Payment of Debt Extinguishment Costs

$ 15.8

Senior Debenture Due 2023 [Member]

Senior Notes

99.7

99.6

Long-term Debt, Gross

$ 100.0

Senior Notes Due 2024 [Member]

7.75%

Senior Notes

^[1]

$ 382.9

396.5

3.625%

Senior Notes Due 2027 [Member]

€ 350.0

Payments of Debt Issuance Costs

Senior Notes

^[1]

$ 655.6

679.5

10.3

€ 8.7

3.125%

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

€ 600.0

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

0.50%

1.00%

2019 Facilities [Member]

Letters of Credit Outstanding, Amount

$ 20.3

2016 Facilities [Member]

2019 Facilities USD Term Loan A [Member]

Line of Credit, Current

7.8

2019 Facilities Euro Term Loan A [Member]

Unsecured Debt

$ 1,093.2

Long-term Debt, Gross

1,029.6

Long-term Debt, Gross | €

Unsecured Debt | €

€ 500.0

€ 493.8

2019 Facilities [Member]

Maximum Amount of Commitment Increase

1,500.0

Payments of Debt Issuance Costs

10.4

Deferred Debt Issuance Costs

3.5

6.9

Write-off of deferred debt issuance costs

1.7

2019 Facilities [Member] | United States Dollars and 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

Unsecured Debt

1,569.5

^[1],[2]

0.0

7.50%

5.00%

2.50%

Repayments of Unsecured Debt

$ 70.6

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

2019 Facilities Term Loan A [Member] | One Month Adjusted Eurocurrency Rate Loan [Member] | United States Dollars or Euros [Member]

0.375%

2016 Facilities Term Loan A [Member]

1.375%

Repayment of senior senior secured credit facilities

Secured Debt

$ 0.0

1,643.8

$ 2,347.4

$ 150.0

$ 250.0

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

Line of credit facility, maximum borrowing capacity

475.0

2016 Facilities [Member] | United States Dollars and Canadian Dollars [Member]

Line of credit facility, maximum borrowing capacity

$ 25.0

2016 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 $1,029.6 million and €493.8 million, respectively, as of February 2, 2020.

DEBT Interest Rate Swap Agreements (Details) - USD ($) $ in Millions	Feb. 28, 2020	Feb. 18, 2020	Feb. 02, 2020	Jun. 28, 2019	Feb. 19, 2019	Aug. 06, 2018	Feb. 20, 2018	Feb. 16, 2018	Feb. 17, 2016
2020 Interest Rate Swap - 2 Year Term - August 2019 Designation [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			1.1975%
Derivative, Notional Amount	$ 50.0		$ 0.0
2020 Interest Rate Swap - 2 Year Term - June 2019 Designation [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			1.409%
Derivative, Notional Amount	$ 50.0		$ 0.0
2019 Interest Rate Swap - 2 Year Term - June 2019 Designation [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			1.719%
Derivative, Notional Amount			$ 50.0	$ 50.0
2020 Interest Rate Swap - 1 Year Term [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			2.4187%
Derivative, Notional Amount		$ 50.0	$ 0.0
2019 Interest Rate Swap - 2 Year Term - November 2018 Designation [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			2.8645%
Derivative, Notional Amount			$ 126.6		$ 139.2
2019 Interest Rate Swap - 2 Year Term - October 2018 Designation [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			2.9975%
Derivative, Notional Amount			$ 103.3		$ 115.7
2018 Interest Rate Swap - 30 Month Term [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			2.6825%
Derivative, Notional Amount			$ 50.0			$ 50.0
2018 Interest Rate Swap 2 Year Term [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate			1.566%
Derivative, Notional Amount			$ 56.5				$ 306.5
2016 Interest Rate Swap [Member]
Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, Fixed Interest Rate								1.924%
Derivative, Notional Amount			$ 0.0						$ 682.6

INCOME TAXES Domestic and Foreign Components (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Income Tax Disclosure [Abstract]
Domestic	$ (441.2)	$ (5.3)	$ (102.0)
Foreign	885.2	780.9	612.2
Income before taxes	$ 444.0	$ 775.6	$ 510.2

INCOME TAXES Current and Deferred Income Taxes (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Net tax benefit from write-off of deferred tax liabilities

$ 27.8

Net Tax Benefit related to the U.S. Tax Legislation

$ 24.7

$ 52.8

Net Tax Benefit related to the 2019 Dutch Tax Plan

41.1

Income Taxes Paid, Net [Abstract]

Income taxes paid

133.0

138.4

164.6

Federal:

Current

(30.4)

(30.5)

51.7

Deferred

(52.6)

^[1]

(53.2)

^[2]

(198.3)

^[2]

State and local:

Current

4.3

4.6

3.5

Deferred

(16.5)

9.6

(7.8)

Foreign:

Current

127.9

170.2

143.5

Deferred

(3.8)

^[1]

(69.7)

^[3]

(18.5)

Total

$ 28.9

$ 31.0

$ (25.9)

[1]	Includes a $27.8 million benefit related to the write-off of deferred tax liabilities in connection with the pre-tax noncash impairment of the Speedo perpetual license right, primarily in the United States. Please see Note 4, “Assets Held For Sale,” for further discussion.
[2]	Includes a $24.7 million benefit in 2018 and a $52.8 million benefit in 2017 related to the U.S. Tax Legislation.
[3]	Includes a $41.1 million benefit related to the remeasurement of certain net deferred tax liabilities in connection with the enactment of legislation in the Netherlands known as the “2019 Dutch Tax Plan,” which became effective on January 1, 2019 and includes a gradual reduction of the corporate income tax rate by 2021.

INCOME TAXES Tax Rate Reconciliation (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Jan. 29, 2017

Statutory federal income tax rate

^[1]

21.00%

33.70%

35.00%

State and local income taxes, net of federal income tax benefit

(2.40%)

0.50%

(1.10%)

Effects of international jurisdictions, including foreign tax credits

(15.70%)

(9.50%)

(20.30%)

Change in estimates for uncertain tax positions

(11.80%)

^[2]

(3.70%)

(7.50%)

Change in valuation allowance

1.80%

(5.30%)

^[3]

11.00%

^[4]

One-time transition tax due to U.S. Tax Legislation

0.00%

34.00%

Remeasurement due to U.S. Tax Legislation

0.00%

0.20%

(51.90%)

Tax on foreign earnings (U.S. Tax Legislation - GILTI and FDII)

10.00%

1.90%

0.00%

Tax on Speedo transaction basis difference

2.30%

0.00%

Excess tax benefits related to stock-based compensation

(0.20%)

(0.60%)

(2.80%)

^[5]

Other, net

1.50%

(0.50%)

(0.20%)

Effective income tax rate

6.50%

4.00%

(5.10%)

Net Tax Benefit related to the 2019 Dutch Tax Plan

$ 41.1

Net Tax Benefit related to the U.S. Tax Legislation

24.7

$ 52.8

Remeasurement of net deferred tax liabilities to lower United States statutory rate due to U.S. Tax Legislation

(1.6)

265.0

Valuation allowance recognized on foreign tax credits resulting from U.S. Tax Legislation

38.5

Valuation allowance released on foreign tax credits resulting from U.S. Tax Legislation

$ (26.3)

Transition tax on undistributed foreign earnings resulting from U.S. Tax Legislation

$ 173.7

International Tax Jurisdictions

[1]	The United States statutory federal income tax rate changed from 35.0% to 21.0%, effective January 1, 2018, as a result of the U.S. Tax Legislation. The United States statutory federal income tax rate for 2017 is a blended rate of 33.7%.
[2]	Includes the settlement of a multi-year audit from an international jurisdiction.
[3]	Includes the release of a $26.3 million valuation allowance on the Company’s foreign tax credits to adjust the provisional amount recorded in 2017 as a result of the U.S. Tax Legislation.
[4]	Includes the recognition of a $38.5 million provisional valuation allowance on the Company’s foreign tax credits as a result of the U.S. Tax Legislation.
[5]	Includes an excess tax benefit from the exercise of stock options by the Company’s Chairman and Chief Executive Officer.

INCOME TAXES Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Feb. 02, 2020	Feb. 03, 2019
Gross Deferred Tax Assets [Abstract]
Tax loss and credit carryforwards	$ 232.5	$ 230.1
Operating Lease Liabilities	407.6	0.0
Employee compensation and benefits	110.9	83.1
Inventories	39.7	26.8
Accounts receivable	20.3	17.1
Accrued expenses	26.5	30.2
Other, net	0.0	13.8
Subtotal	837.5	401.1
Valuation allowances	(69.8)	(62.6)
Total gross deferred tax assets, net of valuation allowances	767.7	338.5
Gross Deferred Tax Liabilities [Abstract]
Intangibles	(860.6)	(825.3)
Operating lease right-of-use assets	(357.2)	0.0
Property, plant and equipment	(46.2)	(33.6)
Derivative financial instruments	(12.8)	(4.3)
Deferred Tax Liabilities, Other	(8.7)	0.0
Deferred Tax Liabilities, Gross	1,285.5	863.2
Total gross deferred tax liabilities	(517.8)	$ (524.7)
Other Data:
Net operating loss carryforwards	238.9
Domestic Tax Authority [Member]
Other Data:
Net operating loss carryforwards	2.8
State and Local Jurisdiction [Member]
Other Data:
Net operating loss carryforwards	47.1
Foreign Tax Authority [Member]
Other Data:
Net operating loss carryforwards	15.5
Federal State And Local Jurisdiction [Member]
Other Data:
Tax credit and other carryforwards	$ 173.5

INCOME TAXES Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 248.3	$ 297.1	$ 245.6
Increases related to prior year tax positions	7.7	13.9	15.4
Decreases related to prior year tax positions	(15.8)	(24.9)	(10.3)
Increases related to current year tax positions	18.2	25.5	79.7
Lapses in statute of limitations	(36.0)	(54.7)	(46.3)
Effects of foreign currency translation	(2.5)	(8.6)
Effects of foreign currency translation			13.0
Balance at end of year	219.9	248.3	297.1
Other Uncertain Tax Position Data:
Interest and Penalties - (Benefit) Expense	(15.0)	12.1	$ 0.9
Interest and penalties accrued in balance sheets	25.2	$ 44.1
Minimum [Member]
Other Uncertain Tax Position Data:
Reasonably possible reduction in uncertain tax positions within 12 months, range	20.0
Maximum [Member]
Other Uncertain Tax Position Data:
Reasonably possible reduction in uncertain tax positions within 12 months, range	$ 40.0

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

12 Months Ended

Feb. 02, 2020

USD ($)

Feb. 03, 2019

USD ($)

Feb. 04, 2018

USD ($)

Feb. 02, 2020

EUR (€)

Other Current Assets [Member]

Cost of Goods Sold

$ 4,520.6

$ 4,348.5

$ 4,020.4

Interest expense

120.0

120.8

128.5

23.0

25.5

Other Assets [Member]

Accrued Expenses [Member]

0.4

0.7

Other Liabilities [Member]

7.6

6.7

Net Investment Hedging [Member]

0.5

2.3

Long-term debt, fair value

1,178.6

1,098.3

Foreign Exchange Forward Inventory Purchases [Member]

1,038.5

1,076.0

Derivative, Notional Amount

1,308.1

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]

1.5

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]

0.9

2.0

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

$ 0.0

0.0

Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income (Expense), Estimate of time to transfer

12 months

Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income (Expense), Estimated Net Amount to be Transferred

$ (29.5)

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

Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income (Expense), Estimate of time to transfer

12 months

Derivative Instruments, Net Gain (Loss) Reclassification from AOCL to Income (Expense), Estimated Net Amount to be Transferred

$ (5.4)

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

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss) Recognized in Income (Expense), Net

3.4

(1.5)

(4.6)

Selling, General and Administrative Expenses [Member] | Undesignated contracts [Member] | Foreign currency option contract [Member]

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss) Recognized in Income (Expense), Net

0.0

(4.3)

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

55.9

190.1

(218.3)

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

21.7

(10.5)

(19.8)

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]

21.5

25.4

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

0.4

0.7

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

6.7

4.7

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

0.5

2.3

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

(5.8)

(2.6)

3.2

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]

0.1

1.4

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

0.0

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

5.5

1.2

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

0.4

1.6

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

39.3

95.6

(99.5)

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

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

22.4

97.1

(122.0)

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]

21.4

24.0

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

0.4

0.7

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

1.2

3.5

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

0.1

0.7

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

23.1

(11.6)

(13.6)

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

(1.4)

1.1

$ (6.2)

Senior Notes Due 2027 [Member]

€ 600.0

^[1]

$ 655.6

679.5

Senior Notes Due 2024 [Member]

3.125%

€ 350.0

^[1]

$ 382.9

$ 396.5

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

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

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Jan. 29, 2017

Cash and cash equivalents

$ 109.9

^[1]

$ 17.9

$ 7.5

503.4

452.0

493.9

$ 730.1

Short-term borrowings

49.6

12.8

Fair Value, Recurring [Member]

2,707.7

2,819.4

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Foreign currency forward exchange contracts, assets

23.3

24.8

Interest rate swap agreements, assets

0.1

1.4

Foreign currency forward exchange contracts, liabilities

23.4

26.2

2.2

6.2

Interest rate swap agreements, liabilities

5.9

2.8

Total Liabilities

8.1

9.0

Operating lease right-of-use assets [Member] | Fair Value, Nonrecurring [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

97.5

Property, Plant and Equipment [Member] | Fair Value, Nonrecurring [Member]

83.0

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

26.9

18.5

8.1

26.9

17.9

7.5

0.0

0.6

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Perpetual License Rights [Member] | Fair Value, Nonrecurring [Member]

116.4

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

203.8

116.4

Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

87.4

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Reported Value Measurement [Member]

226.3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents

503.4

452.0

Short-term borrowings

49.6

12.8

Estimate of Fair Value Measurement [Member]

2,707.7

2,819.4

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents, fair value

503.4

452.0

Short-term borrowings, fair value

49.6

12.8

Long-term debt, fair value

2,869.7

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

23.3

24.8

Interest rate swap agreements, assets

0.1

1.4

Foreign currency forward exchange contracts, liabilities

23.4

26.2

2.2

6.2

Interest rate swap agreements, liabilities

5.9

2.8

Total Liabilities

8.1

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]

Tommy Hilfiger North America [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

14.5

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Tommy Hilfiger International [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

50.0

0.2

0.4

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Heritage Brands Retail [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

4.0

1.6

1.9

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Corporate [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

0.1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Calvin Klein North America [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

3.1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Calvin Klein International [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

37.4

5.1

1.8

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Heritage Brands Wholesale [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

13.1

8.5

$ 3.4

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Selling, General and Administrative Expenses [Member] | Long-lived Assets, Other [Member] | Fair Value, Nonrecurring [Member]

118.6

$ 2.5

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Other noncash loss, net [Member] | Perpetual License Rights [Member] | Fair Value, Nonrecurring [Member]

109.9

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

$ 116.4

[1]	Noncash impairment charge of $116.4 million related to the sale of the Speedo North America business is included in Other noncash loss, net. Please see Note 4 for further information.

RETIREMENT AND BENEFIT PLANS (Details) $ in Millions	12 Months Ended
RETIREMENT AND BENEFIT PLANS (Details) $ in Millions	Feb. 02, 2020 USD ($) plans	Feb. 03, 2019 USD ($)	Feb. 04, 2018 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Company contributions to saving and retirement plans, supplemental savings plan and defined contribution plan \| $	$ 29.9	$ 25.4	$ 22.1
Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of Noncontributory Defined Benefit Pension Plans	5
Non-contributory defined benefit pension plans, vesting period	5 years
SERP Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of Noncontributory Defined Benefit Pension Plans	3
Plan Benefit Payment Period	10 years
Plan benefit payment activation age	65
Minimum age prior to employment termination	55
Minimum Number of Years of Employment	10 years
Postretirement Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of Noncontributory Defined Benefit Pension Plans	2

RETIREMENT AND BENEFIT PLANS Benefit Obligations (Details) $ in Millions	12 Months Ended
	Feb. 02, 2020 USD ($)	Feb. 03, 2019 USD ($)	Feb. 04, 2018 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Settlement loss on retirement plans	$ 0.0	$ 0.0	$ (9.4)
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Actuarial loss (gain)	(97.8)	(15.0)	$ (2.5)
Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Retiree Participants			4,000
Settlement loss on retirement plans			$ 9.4
Defined Benefit Plan, Lump Sum Settlement Payment (included in benefit payments)			65.3
Accumulated benefit obligation	751.3	598.9
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Balance at beginning of year	651.0	648.0
Service cost, net of plan expenses	31.2	31.4
Interest cost	27.9	26.0	25.7
Benefit payments	(29.2)	(26.0)
Benefit payments, net of retiree contributions	0.0	0.0
Actuarial loss (gain)	149.2	(28.4)
Balance at end of year	830.1	651.0	648.0
SERP Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accumulated benefit obligation	99.9	81.5
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Balance at beginning of year	99.2	96.9
Service cost, net of plan expenses	5.8	5.8
Interest cost	4.3	3.9	3.8
Benefit payments	(7.9)	(6.1)
Benefit payments, net of retiree contributions	0.0	0.0
Actuarial loss (gain)	23.1	(1.3)
Balance at end of year	124.5	99.2	96.9
Postretirement Plans [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Balance at beginning of year	8.4	10.5
Service cost, net of plan expenses	0.0	0.0
Interest cost	0.3	0.4	0.4
Benefit payments	0.0	0.0
Benefit payments, net of retiree contributions	(1.0)	(1.4)
Actuarial loss (gain)	0.5	(1.1)
Balance at end of year	$ 8.2	$ 8.4	$ 10.5

RETIREMENT AND BENEFIT PLANS Fair Value of Plan Assets (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Actual return, net of plan expenses

$ 636.8

^[1]

$ 660.6

112.9

(7.8)

Benefit payments

(29.2)

(26.0)

Company contributions

0.7

10.0

Funded status at end of year

^[1]

721.2

636.8

$ (108.9)

(14.2)

United States Equities [Member]

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

Target allocation percentage of assets, equity securities

40.00%

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

$ 170.9

United States Equities [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[2]

182.2

170.9

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

170.9

United States Equities [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[2]

182.2

170.9

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

0.0

United States Equities [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[2]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

0.0

International Equities [Member]

^[1],[2]

$ 0.0

0.0

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

Target allocation percentage of assets, equity securities

20.00%

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

$ 12.2

International Equities [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[2]

10.7

12.2

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

12.2

International Equities [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[2]

10.7

12.2

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

0.0

International Equities [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[2]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[2]

0.0

Fixed Income Securities [Member]

^[1],[2]

$ 0.0

0.0

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

Target allocation percentage of assets, equity securities

40.00%

United States equity fund [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[3]

$ 58.9

United States equity fund [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[3]

66.3

58.9

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[3]

0.0

United States equity fund [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[3]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[3]

58.9

United States equity fund [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[3]

66.3

58.9

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[3]

0.0

International Equity Fund [Member]

^[1],[3]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[4]

126.5

International Equity Fund [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[4]

135.1

126.5

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[4]

60.3

International Equity Fund [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[4]

65.4

60.3

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[4]

66.2

International Equity Fund [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[4]

69.7

66.2

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[4]

0.0

Government Securities [Member]

^[1],[4]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

70.3

Government Securities [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[5]

74.0

70.3

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

0.0

Government Securities [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[5]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

70.3

Government Securities [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[5]

74.0

70.3

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

0.0

Corporate Securities [Member]

^[1],[5]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

173.7

Corporate Securities [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[5]

225.9

173.7

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

0.0

Corporate Securities [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[5]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

173.7

Corporate Securities [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[5]

225.9

173.7

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[5]

0.0

Short-term Investment Funds [Member]

^[1],[5]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[6]

16.7

Short-term Investment Funds [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[6]

18.6

16.7

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[6]

0.0

Short-term Investment Funds [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[6]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[6]

16.7

Short-term Investment Funds [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[6]

18.6

16.7

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[6]

0.0

Total Return Mutual Fund [Member]

^[1],[6]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[7]

6.3

Total Return Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[7]

6.9

6.3

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[7]

6.3

Total Return Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[7]

6.9

6.3

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[7]

0.0

Total Return Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member]

^[1],[7]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[7]

0.0

Plan Assets, Excluding Other Assets and Liabilities [Member]

^[1],[7]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1]

635.5

Plan Assets, Excluding Other Assets and Liabilities [Member] | Fair Value, Inputs, Level 1 [Member]

^[1]

719.7

635.5

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1]

249.7

Plan Assets, Excluding Other Assets and Liabilities [Member] | Fair Value, Inputs, Level 2 [Member]

^[1]

265.2

249.7

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1]

385.8

Plan Assets, Excluding Other Assets and Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]

^[1]

454.5

385.8

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1]

0.0

Defined Benefit Plan, Other Assets and Liabilities [Member]

^[1]

0.0

Defined Benefit Plans and Other Postretirement Benefit Plans, Change in Fair Value of Plan Assets [Roll Forward]

^[1],[8]

1.3

Net gain (loss) on net investment hedges, net of tax

^[1],[8]

$ 1.5

$ 1.3

[1]	The Company uses third party pricing services to determine the fair values of the financial instruments held by the pension plans. The Company obtains an understanding of the pricing services' valuation methodologies and related inputs and validates a sample of prices by reviewing prices from other sources. The Company has not adjusted any prices received from the third party pricing services.
[2]	Valued at the closing price or unadjusted quoted price in the active market in which the individual securities are traded.
[3]	Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem this investment at net asset value within the near term and therefore classifies this investment within Level 2. This commingled fund invests in United States large cap equities that track the Russell 1000 Index.
[4]	Valued at the net asset value of the fund, either as determined by the closing price in the active market in which the individual fund is traded and classified within Level 1, or as determined by a pricing vendor or the fund family and classified within Level 2. This category includes funds that invest in equities of companies outside of the United States.
[5]	Valued with bid evaluation pricing where the inputs are based on actual trades in active markets, when available, as well as observable market inputs that include actual and comparable trade data, market benchmarks, broker quotes, trading spreads and/or other applicable data.
[6]	Valued at the net asset value of the funds, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. These funds invest in high-grade, short-term, money market instruments.
[7]	Valued at the net asset value of this fund, as determined by the closing price in the active market in which the individual fund is traded. This mutual fund invests in both equity securities and fixed income securities
[8]	This category includes other pension assets and liabilities such as pending trades and accrued income.

RETIREMENT AND BENEFIT PLANS Amounts Recognized in Balance Sheets (Details) - USD ($) $ in Millions	Feb. 02, 2020	Feb. 03, 2019
Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Non-current assets	$ 1.7	$ 1.8
Current liabilities	0.0	0.0
Non-current liabilities	(110.6)	(16.0)
Net amount recognized	(108.9)	(14.2)
SERP Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Non-current assets	0.0	0.0
Current liabilities	(9.3)	(7.4)
Non-current liabilities	(115.2)	(91.8)
Net amount recognized	(124.5)	(99.2)
Postretirement Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Non-current assets	0.0	0.0
Current liabilities	(1.1)	(1.1)
Non-current liabilities	(7.1)	(7.3)
Net amount recognized	$ (8.2)	$ (8.4)

RETIREMENT AND BENEFIT PLANS Net Benefit Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost, including plan expenses	$ 33.5	$ 33.7	$ 27.3
Interest cost	27.9	26.0	25.7
Actuarial loss (gain)	74.2	17.4	(3.9)
Expected return on plan assets	(40.3)	(40.3)	(38.6)
Amortization of prior service cost	0.0	0.1	0.1
Curtailment gain	0.0	0.0	(0.3)
Settlement loss	0.0	0.0	9.4
Total	95.3	36.9	19.7
SERP Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost, including plan expenses	5.8	5.8	4.5
Interest cost	4.3	3.9	3.8
Actuarial loss (gain)	23.1	(1.3)	6.1
Expected return on plan assets	0.0	0.0	0.0
Amortization of prior service cost	0.0	0.0	0.0
Curtailment gain	0.0	0.0	0.0
Settlement loss	0.0	0.0	0.0
Total	33.2	8.4	14.4
Postretirement Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost, including plan expenses	0.0	0.0	0.0
Interest cost	0.3	0.4	0.4
Actuarial loss (gain)	0.5	(1.1)	0.3
Expected return on plan assets	0.0	0.0	0.0
Amortization of prior service cost	0.0	0.0	0.0
Curtailment gain	0.0	0.0	0.0
Settlement loss	0.0	0.0	0.0
Total	$ 0.8	$ (0.7)	$ 0.7

RETIREMENT AND BENEFIT PLANS Accumulated and Projected Benefit Obligations in Excess of Plan Assets (Details) $ in Millions	Feb. 02, 2020 USD ($)	Feb. 03, 2019 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of plans with projected benefit obligations in excess of plan assets	3	3
Aggregate projected benefit obligation	$ 811.9	$ 634.7
Aggregate fair value of related plan assets	$ 701.3	$ 618.8
Number of plans with accumulated benefit obligations in excess of plan assets	3	2
Aggregate accumulated benefit obligation	$ 733.3	$ 38.5
Aggregate fair value of related plan assets	$ 701.3	$ 38.0

RETIREMENT AND BENEFIT PLANS Weighted Average Rate Assumptions (Details)	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Pension and SERP Plans [Member]
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Discount rate	3.15%	4.35%	4.08%
Postretirement Plans [Member]
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Discount rate	2.70%	4.16%	3.91%
Pension Plans [Member]
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Rate of increase in compensation levels	4.23%	4.24%	4.24%
Expected long-term rate of return on assets	6.25%	6.50%	6.25%

RETIREMENT AND BENEFIT PLANS Expected Future Benefit Payments (Details) $ in Millions	Feb. 02, 2020 USD ($)
Pension Plans [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2020	$ 37.2
2021	39.0
2022	41.1
2023	42.3
2024	44.2
2025-2029	240.6
SERP Plans [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2020	9.2
2021	10.1
2022	13.3
2023	12.2
2024	10.0
2025-2029	59.1
Postretirement Plans [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2020	1.0
2021	1.0
2022	0.9
2023	0.8
2024	0.7
2025-2029	$ 2.7

STOCK-BASED COMPENSATION Stock Incentive Plan (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018	Jan. 29, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3.9
Stock-based compensation expense	$ 56.1	$ 56.2	$ 44.9
Recognized income tax benefits associated with stock-based compensation expense	6.9	8.9	8.8
Tax deduction associated with stock plan award transactions	8.8	13.2	27.2
Net excess tax benefit from awards under stock plans	$ 0.9	$ 4.9	$ 15.4
Additional Paid-in Capital [Member] \| Accounting Standards Update 2016-09 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption				$ 1.1
Retained Earnings [Member] \| Accounting Standards Update 2016-09 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption				(0.8)
Other Assets [Member] \| Accounting Standards Update 2016-09 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption				$ 0.3

STOCK-BASED COMPENSATION Stock Option Activity (Details) - USD ($)	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in Number of Shares Available to be Granted 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
Unrecognized pre-tax compensation expense	$ 4,400,000
Unrecognized pre-tax compensation expense, period for recognition (in years)	1 year 9 months 18 days
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	31,000
Service-based stock options, cancelled	27,000
Service-based stock options, outstanding, end of period	902,000	791,000
Service-based stock options, exercisable	589,000
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	77.92
Service-based stock options, cancelled, weighted average price per option	119.83
Service-based stock options, outstanding, weighted average price per option, end of period	109.25	$ 107.81
Service-based stock options, exercisable, weighted average price per option	$ 106.11
Service-based stock options, outstanding, weighted average remaining contractual life (in years), end of period	5 years 10 months 24 days	6 years 1 month 6 days
Share-based compensation arrangement by share-based payment award, options, exercisable, weighted average remaining contractual term	4 years 8 months 12 days
Service-based stock options, outstanding, aggregate intrinsic value, beginning of period	$ 6,568,000
Service-based stock options, outstanding, aggregate intrinsic value, end of period	871,000	$ 6,568,000
Service-based stock options, exercisable, aggregate intrinsic value	871,000
Options, additional disclosures:
Service-based stock options, granted, aggregate grant date fair value	6,300,000	4,400,000	$ 4,800,000
Service-based stock options, vested, aggregate grant date fair value	6,500,000	6,500,000	7,200,000
Service-based stock options, exercised, total intrinsic value of options	$ 1,300,000	$ 10,900,000	$ 56,900,000
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%	2.10%
Weighted average expected stock option term (in years)	6 years 3 months	6 years 3 months	6 years 3 months
Weighted average Company volatility	29.88%	26.92%	29.46%
Expected annual dividends per share	$ 0.15	$ 0.15	$ 0.15
Weighted average grant date fair value per stock option	$ 37.14	$ 51.66	$ 33.50

STOCK-BASED COMPENSATION - RSU and PSU Activity (Details) - USD ($)	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in Number of Shares Available to be Granted 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) 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
Performance Share Units (PSU) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
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 above 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	194,000
Other than options, non-vested, weighted average grant date fair value, beginning of period	$ 106.76
Weighted average grant date fair value	119.46
Other than options, vested, weighted average grant date fair value	87.16
Other than options, change due to market condition achieved above target, 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	$ 106.76
Other than options, granted, aggregate grant date fair value	$ 8,600,000	$ 7,000,000.0	$ 7,000,000.0
Other than options, vested, aggregate grant date fair value	6,700,000	$ 4,600,000
Unrecognized pre-tax compensation expense	$ 2,400,000
Unrecognized pre-tax compensation expense, period for recognition (in years)	2 years 1 month 6 days
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%
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	612,000
Other than options, vested number	350,000
Other than options, cancelled number	113,000
Other than options, non-vested number, end of period	996,000	847,000
Other than options, non-vested, weighted average grant date fair value, beginning of period	$ 122.97
Weighted average grant date fair value	110.03
Other than options, vested, weighted average grant date fair value	116.25
Other than options, cancelled, weighted average grant date fair value	123.93
Other than options, non-vested, weighted average grant date fair value, end of period	$ 117.28	$ 122.97
Other than options, granted, aggregate grant date fair value	$ 67,300,000	$ 53,500,000	46,000,000.0
Other than options, vested, aggregate grant date fair value	40,700,000	$ 35,100,000	$ 28,700,000
Unrecognized pre-tax compensation expense	$ 73,700,000
Unrecognized pre-tax compensation expense, period for recognition (in years)	1 year 9 months 18 days
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) Granted Prior to 2016 [Member] \| First Annual Installment [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU vesting, granted to employees in installments	25.00%
Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] \| Second Annual Installment [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU vesting, granted to employees in installments	25.00%
Restricted Stock Units (RSUs) Granted Prior to 2016 [Member] \| Third Annual Installment [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU vesting, granted to employees in installments	50.00%
Monte Carlo model [Member] \| Performance Share Units (PSU) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restriction of Liquidity Discount	6.20%	7.09%	12.67%
Risk-free interest rate	2.13%	2.62%	1.49%
Expected Company volatility	30.25%	29.78%	31.29%
Expected annual dividends per share	$ 0.15	$ 0.15	$ 0.15
Non-vested activity [Roll Forward]
Weighted average grant date fair value	$ 119.46	$ 159.53	$ 96.81

STOCKHOLDERS' EQUITY (Details) - $ / shares	12 Months Ended
STOCKHOLDERS' EQUITY (Details) - $ / shares	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Equity [Abstract]
Cash dividends paid, per share	$ 0.15	$ 0.15	$ 0.15

STOCKHOLDERS' EQUITY Stock Repurchase Program (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Number of Shares Repurchased	3,554,603	2,370,193	2,300,657
Stock Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 2,000.0
Stock Repurchase Program, Number of Shares Repurchased	3,400,000	2,200,000	2,200,000
Stock Repurchase Program, Amount Purchased During Period	$ 325.0	$ 300.1	$ 250.4
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 683.3

ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

$ (29.7)

$ (73.1)

$ 70.8

(507.9)

(132.2)

(186.4)

391.4

(640.1)

(507.9)

Net gain (loss) on net investment hedges, net of tax

29.7

73.1

(70.8)

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

(537.6)

(249.4)

(737.7)

^[1]

(128.1)

^[2]

(288.2)

^[2]

490.5

^[3]

Less: Amounts reclassified from AOCL, net of tax

0.0

Impact of the U.S. Tax Legislation

(128.1)

(288.2)

490.5

^[4]

(2.2)

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

(665.7)

(537.6)

(249.4)

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

29.7

(72.1)

26.9

15.9

92.0

(116.0)

Less: Amounts reclassified from AOCL, net of tax

20.0

(9.8)

(16.9)

Impact of the U.S. Tax Legislation

(4.1)

101.8

(99.1)

^[4]

0.1

Net gain (loss) on net investment hedges, net of tax

25.6

29.7

(72.1)

Total

(29.7)

(73.1)

70.8

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

(507.9)

(321.5)

(710.8)

(112.2)

(196.2)

374.5

Less: Amounts reclassified from AOCL, net of tax

20.0

(9.8)

(16.9)

Impact of the U.S. Tax Legislation

(132.2)

(186.4)

391.4

^[4]

(2.1)

$ (640.1)

$ (507.9)

$ (321.5)

[1]	Foreign currency translation adjustments included a net gain (loss) on net investment hedges of $29.7 million, $73.1 million and $(70.8) million in 2019, 2018 and 2017, respectively.
[2]	Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro.
[3]	Favorable foreign currency translation adjustments were principally driven by a weakening of the United States dollar against the euro.
[4]	The stranded tax effects resulting from the U.S. Tax Legislation were reclassified from AOCL to retained earnings as a result of the Company’s early adoption of an update to accounting guidance in the fourth quarter of 2017. The amount of the reclassification was calculated based on the effect of the change in the United States federal corporate income tax rate on the gross deferred tax amounts at the date of the enactment of the U.S. Tax Legislation related to items that remained in AOCL at that time.

ACCUMULATED OTHER COMPREHENSIVE LOSS Reclassifications out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Net gain (loss) on net investment hedges, net of tax	$ (29.7)	$ (73.1)	$ 70.8
Income tax expense (benefit)
Reclassification from AOCL, Current Period, Tax	1.7	(0.7)	(2.9)
Foreign Exchange Forward Inventory Purchases [Member] \| Cost of Sales [Member]
Reclassification from AOCL, Current Period, before Tax	23.1	(11.6)	(13.6)
Interest Rate Swap [Member] \| Interest Expense [Member]
Reclassification from AOCL, Current Period, before Tax	(1.4)	1.1	(6.2)
Net unrealized and realized gain (loss) on effective cash flow hedges
Reclassification from AOCL, Current Period, Net of Tax	$ 20.0	$ (9.8)	$ (16.9)

LEASES (Details) $ in Millions	12 Months Ended
LEASES (Details) $ in Millions	Feb. 02, 2020 USD ($) stores	Feb. 03, 2019 USD ($)	Feb. 04, 2018 USD ($)
Lessee, Lease, Description [Line Items]
Lessee Lease Agreeements Signed but Not Yet Commenced Payments Due	$ 45.0
Lessee, Operating Lease, Term of Contract	5 years
Proceeds from Sale of Buildings	$ 59.4	$ 0.0	$ 3.4
Sale Leaseback Transaction, Transaction Costs, Investing Activities	$ 1.0
Renewal Options	3
Lessee, Operating Lease, Renewal Term	5 years
Operating Lease, Weighted Average Remaining Lease Term	6 years 10 months 2 days
Minimum		465.3	455.2
Operating Leases, Rent Expense, Contingent Rentals		128.6	103.0
Less: Sublease rental income		(1.4)	(1.8)
Total Rent Expense		592.5	$ 556.4
Capital Leases, Future Minimum Payments, Net Present Value [Abstract]
2019		5.6
2020		4.4
2021		3.8
2022		1.8
2023		0.6
Thereafter		2.5
Total minimum lease payments		18.7
Less: Amount representing interest		(2.2)
Present value of net minimum capital lease payments		16.5
Operating Leases, Future Minimum Payments Due [Abstract]
2019		402.4
2020		371.9
2021		314.0
2022		255.0
2023		189.9
Thereafter		618.7
Total minimum lease payments		2,151.9
Operating and Capital Leases, Total Future Minimum Payments [Abstract]
2019	$ 441.3	408.0
2020		376.3
2021		317.8
2022		256.8
2023		190.5
Thereafter		621.2
Total minimum lease payments		$ 2,170.6
Finance Lease, Weighted Average Remaining Lease Term	4 years 4 months 13 days
Operating Lease, Weighted Average Discount Rate, Percent	4.25%
Finance Lease, Weighted Average Discount Rate, Percent	3.11%
Company-operated free-standing retail store locations [Member]
Lessee, Lease, Description [Line Items]
Number of Stores	1,830
Number of Countries in which Entity Operates \| stores	35
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	10 years
Maximum [Member] \| Equipment [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	5 years
Maximum [Member] \| Warehouses, distribution centers, showrooms, office space, and Ethiopia factory [Member] [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	20 years
Maximum [Member] \| Company-operated free-standing retail store locations [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	10 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	5 years
Minimum [Member] \| Equipment [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Minimum [Member] \| Warehouses, distribution centers, showrooms, office space, and Ethiopia factory [Member] [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	10 years
Minimum [Member] \| Company-operated free-standing retail store locations [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	3 years

LEASES Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2019	Feb. 04, 2018
Operating and Capital Leased Assets [Line Items]
Minimum	$ 465.3	$ 455.2
Total minimum lease payments	2,170.6
Capital leases, aggregate future minimum rentals to be received	0.6
Operating leases, aggregate future minimum rentals to be received	0.2
Assets under capital lease, gross book value	37.0
Accumulated amortization of assets under capital leases	21.6
Operating Leases, Rent Expense, Contingent Rentals	128.6	103.0
Operating Leases, Rent Expense, Sublease Rentals	1.4	1.8
Total Rent Expense	$ 592.5	$ 556.4

LEASES Components of Net Lease Cost (Details) $ in Millions	12 Months Ended
LEASES Components of Net Lease Cost (Details) $ in Millions	Feb. 02, 2020 USD ($)
Leases [Abstract]
Amortization of right-of-use assets	$ 5.3
Interest on lease liabilities	0.5
Total finance lease cost	5.8
Operating Lease, Cost	459.5
Short-term Lease, Cost	25.9
Variable Lease, Cost	143.8
Less: sublease income	(0.4)
Total net lease cost	$ 634.6

LEASES Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Feb. 02, 2020	Feb. 03, 2019
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 1,675.8	$ 0.0
Finance Lease, Right-of-Use Asset	12.6
Lease, Right-of-Use Asset	1,688.4
Current portion of operating lease liabilities	363.5	0.0
Current portion of finance lease liabilities	4.6
Lease, Liability, Current	368.1
Long-Term Portion of Operating Lease Liabilities	1,532.0	$ 0.0
Long-Term Portion of Finance Lease Liabilities	9.9
Lease, Liability, Noncurrent	$ 1,541.9

LEASES Supplemental Cash Flow Information Related to Leases (Details) $ in Millions	12 Months Ended
	Feb. 02, 2020 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 472.8
Operating cash floes from finance leases	0.5
Financing cash flows from finance leases	5.5
Right-of-use assets obtained in exchange for new operating lease liabilities	441.3
Right-of-use asset obtained in exchange for new finance lease liabilities	$ 3.6

LEASES Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Feb. 02, 2020	Feb. 03, 2019
Leases [Abstract]
2020, Operating	$ 436.2
2021, Operating	399.2
2022, Operating	323.5
2023, Operating	244.2
2024, Operating	187.1
Thereafter, Operating	622.5
Total lease payments, Operating	2,212.7
Less: Interest, Operating	(317.2)
Operating Lease, Liability	1,895.5
2020, Finance	5.1
2021, Finance	4.5
2022, Finance	2.5
2023, Finance	1.0
2024, Finance	0.5
Thereafter, Finance	2.3
Total lease payments, Finance	15.9
Less: Interest, Finance	(1.4)
Total lease liabilities, Finance	14.5
2020, Total	441.3	$ 408.0
2021, Total	403.7
2022, Total	326.0
2023, Total	245.2
2024, Total	187.6
Thereafter, Total	624.8
Total lease payments, Total	2,228.6
Less: Interest, Total	(318.6)
Total lease liabilities, Total	$ 1,910.0

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

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Total liability, beginning of period

$ 28.1

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

102.9

$ 40.7

51.8

Exit activity costs paid

72.2

Total liability, end of period

7.7

28.1

Restructuring and Related Cost, Cost Incurred to Date

143.6

Severance, termination benefits and other employee costs [Member]

Total liability, beginning of period

25.8

Total liability, end of period

25.6

27.3

Exit activity costs paid

44.9

6.5

25.8

Restructuring and Related Cost, Cost Incurred to Date

52.9

Long-lived asset impairments [Member]

Restructuring and Related Cost, Cost Incurred to Date

^[1]

38.2

6.9

^[1]

45.1

Lease/contract termination and other costs [Member]

Total liability, beginning of period

2.3

Total liability, end of period

26.2

4.3

Exit activity costs paid

27.3

1.2

2.3

Restructuring and Related Cost, Cost Incurred to Date

30.5

Inventory markdowns [Member]

Restructuring and Related Cost, Cost Incurred to Date

12.9

2.2

15.1

Calvin Klein North America [Member]

Restructuring Cost and Reserve [Line Items]

Total costs expected to be incurred

59.5

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

66.0

18.9

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

18.9

Calvin Klein International [Member]

6.5

Restructuring Cost and Reserve [Line Items]

Total costs expected to be incurred

30.5

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

36.9

$ 21.8

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

19.6

$ 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	12 Months Ended
	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income attributable to PVH Corp.	$ 417.3	$ 746.4	$ 537.8
Weighted average common shares outstanding for basic net income per common share	74.2	76.5	77.6
Weighted average impact of dilutive securities	0.4	0.8	1.0
Total shares for diluted net income per common share	74.6	77.3	78.6
Basic net income per common share attributable to PVH Corp.	$ 5.63	$ 9.75	$ 6.93
Diluted net income per common share attributable to PVH Corp.	$ 5.60	$ 9.65	$ 6.84
Weighted average potentially dilutive securities	1.1	0.4	0.5

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

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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.

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

+ References + Details

NET INCOME PER COMMON SHARE - DILUTED (Details) - shares shares in Millions	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Number Of Potentially Dilutive Shares That Could Be Issued Upon Vesting	0.3	0.3	0.1

NONCASH INVESTING AND FINANCING TRANSACTIONS (Details) - USD ($) $ in Millions				12 Months Ended
	May 31, 2019	Apr. 20, 2018	Jan. 05, 2018	Feb. 02, 2020	Feb. 03, 2019	Feb. 04, 2018
Nonmonetary Transaction [Line Items]
Capital Expenditures Incurred but Not yet Paid				$ 39.5	$ 43.7	$ 41.9
Lease Obligation Incurred					$ 6.0	3.6
Treasury Stock, Shares Purchased Not Yet Settled				0.5		$ 1.5
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
Gain to write-up equity investments in joint ventures to fair value	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]
Gain to write-up equity investments in joint ventures to fair value	23.6
PVH Australia [Member] \| Australia Acquisition [Member]
Nonmonetary Transaction [Line Items]
Gain to write-up equity investments in joint ventures to fair value	89.5
2016 Facilities [Member]
Nonmonetary Transaction [Line Items]
Write-off of deferred debt issuance costs				1.7
Senior notes due 2022 [Member]
Nonmonetary Transaction [Line Items]
Write-off of deferred debt issuance costs			$ 8.1
Fair Value, Inputs, Level 3 [Member] \| Australia Acquisition [Member]
Nonmonetary Transaction [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Redemption Value				33.8
Redeemable Noncontrolling Interest, Equity, Common, Fair Value	$ 26.2
Noncontrolling Interest, Change in Redemption Value				$ (8.6)

SEGMENT DATA (Details) - USD ($)
$ in Thousands

12 Months Ended

May 31, 2019

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

Number of Reportable Segments

Percentage of company's revenue by one single customer

10.00%

Revenue:

^[1],[2]

$ 9,909,000

$ 9,656,800

$ 8,914,800

Settlement loss on retirement plans

^[3]

558,700

891,700

632,400

(9,400)

Actuarial loss on retirement and benefit plans

(97,800)

(15,000)

(2,500)

82,900

Amortization of Intangible Assets

39,700

62,800

Tommy Hilfiger North America [Member]

5,200

23,900

Revenue:

^[1]

1,647,900

1,669,200

1,567,800

Tommy Hilfiger Office Relocation Expense

^[3]

93,500

^[4],[5]

233,800

97,000

^[6],[7],[8]

34,700

19,200

Tommy Hilfiger Store Closures

54,900

Tommy Hilfiger International [Member]

Revenue:

^[1]

3,063,800

2,675,300

2,325,400

Calvin Klein North America [Member]

^[3]

468,200

^[9]

377,100

^[10]

221,500

^[6],[7],[10]

48,200

Revenue:

^[1]

1,669,700

1,793,300

1,707,800

Calvin Klein International [Member]

^[3]

99,800

^[5],[11]

166,700

^[12]

184,000

Revenue:

^[1]

1,998,100

1,937,900

1,753,800

Heritage Brands Wholesale [Member]

^[3]

153,300

^[5],[9],[11]

211,500

^[12]

226,500

Revenue:

^[1]

1,271,900

1,317,400

1,297,400

Heritage Brands Retail [Member]

^[3]

(84,900)

^[9],[13]

83,300

96,700

Revenue:

^[1]

257,600

263,700

262,600

^[3]

3,000

7,400

7,600

Corporate [Member]

Settlement loss on retirement plans

^[3],[14]

(174,200)

^{[9],[15],[16]}

(188,100)

(200,900)

^[17],[18]

9,400

Actuarial loss on retirement and benefit plans

97,800

15,000

2,500

Li & Fung Trading Limited [Member]

6,200

23,900

Li & Fung Trading Limited [Member] | Tommy Hilfiger North America [Member]

54,200

Li & Fung Trading Limited [Member] | Tommy Hilfiger International [Member]

31,300

Calvin Klein Restructuring [Member]

22,900

Restructuring and Related Cost, Incurred Cost

102,900

40,700

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

Restructuring and Related Cost, Incurred Cost

66,000

18,900

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

Restructuring and Related Cost, Incurred Cost

36,900

21,800

Australia and TH CSAP Acquisitions [Member]

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

19,300

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

11,100

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

6,000

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

1,800

Australia Acquisition [Member]

2,500

Gain to write-up equity investments in joint ventures to fair value

$ 113,100

Australia Acquisition [Member] | Corporate [Member]

Gain to write-up equity investments in joint ventures to fair value

113,100

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

Business Combination, Costs Related to Equity Investment

2,100

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

Amortization of Intangible Assets

23,600

26,900

Socks and hosiery transaction [Member]

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

59,800

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

7,500

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

25,500

26,800

Net sales

Revenue:

Net sales | Tommy Hilfiger North America [Member]

9,400,000

9,154,200

8,439,400

Revenue:

Net sales | Tommy Hilfiger International [Member]

1,540,200

1,574,300

1,482,200

Revenue:

Net sales | Calvin Klein North America [Member]

2,994,200

2,599,700

2,268,000

Revenue:

Net sales | Calvin Klein International [Member]

1,467,000

1,599,900

1,511,300

Revenue:

Net sales | Heritage Brands Wholesale [Member]

1,896,700

1,827,900

1,645,000

Revenue:

Net sales | Heritage Brands Retail [Member]

1,248,500

1,293,200

1,274,400

Revenue:

253,400

259,200

258,500

Royalty revenue

Revenue:

Royalty revenue | Tommy Hilfiger North America [Member]

379,900

375,900

366,300

Revenue:

Royalty revenue | Tommy Hilfiger International [Member]

84,100

76,200

68,900

Revenue:

Royalty revenue | Calvin Klein North America [Member]

49,800

52,700

47,800

Revenue:

Royalty revenue | Calvin Klein International [Member]

148,900

143,600

146,400

Revenue:

Royalty revenue | Heritage Brands Wholesale [Member]

74,100

78,900

80,000

Revenue:

Royalty revenue | Heritage Brands Retail [Member]

19,200

20,500

19,500

Revenue:

Advertising and other revenue

3,800

4,000

3,700

Revenue:

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

129,100

126,700

109,100

Revenue:

Advertising and other revenue | Tommy Hilfiger International [Member]

23,600

18,700

16,700

Revenue:

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

19,800

22,900

9,600

Revenue:

Advertising and other revenue | Calvin Klein International [Member]

53,800

49,800

50,100

Revenue:

Advertising and other revenue | Heritage Brands Wholesale [Member]

27,300

31,100

28,800

Revenue:

Advertising and other revenue | Heritage Brands Retail [Member]

4,200

3,700

3,500

Revenue:

Speedo Transaction [Member]

400

$ 500

$ 400

Noncash loss to write-down assets held for sale

$ 142,000

[1]	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2]	No single customer accounted for more than 10% of the Company’s revenue in 2019, 2018 or 2017.
[3]	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.
[4]	Income before interest and taxes for 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.
[5]	Income before interest and taxes for 2019 included costs of $59.8 million in connection with agreements the Company entered into in 2019 to terminate early the licenses for the global Calvin Klein and Tommy Hilfiger North America socks and hosiery businesses (the “Socks and Hosiery transaction”) in order to consolidate the socks and hosiery businesses for all Company brands in North America in a newly formed joint venture, PVH Legwear, which began operations in December 2019, and to bring in-house the international Calvin Klein socks and hosiery wholesale businesses. 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
[6]	Income before interest and taxes for 2017 included costs of $54.2 million associated with the agreements to restructure the Company’s supply chain relationship with Li & Fung Trading Limited (“Li & Fung”), under which the Company terminated its non-exclusive buying agency agreement with Li & Fung in 2017 (the “Li & Fung termination”). Such costs were included in the Company’s segments as follows: $31.3 million in Tommy Hilfiger North America and $22.9 million in Tommy Hilfiger International.
[7]	Income before interest and taxes for 2017 included costs of $82.9 million incurred in connection with an amendment to Mr. Tommy Hilfiger’s employment agreement pursuant to which the Company made a cash buyout of a portion of the future payments to Mr. Hilfiger (the “Mr. Hilfiger amendment”). Such costs were included in the Company’s segments as follows: $34.7 million in Tommy Hilfiger North America and $48.2 million in Tommy Hilfiger International.
[8]	Income before interest and taxes for 2017 included costs of $19.2 million associated with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense
[9]	Income (loss) before interest and taxes for 2019 included costs of $19.3 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: $11.1 million in Tommy Hilfiger International, $6.0 million in Calvin Klein International, $1.8 million in Heritage Brands Wholesale and $2.5 million in corporate expenses not allocated to any reportable segments. Please see Note 3, “Acquisitions,” for further discussion.
[10]	Income before interest and taxes for 2018 and 2017 included costs of $23.6 million and $26.9 million, respectively, associated with the TH China acquisition, primarily consisting of noncash amortization of short-lived assets.
[11]	Income before interest and taxes for 2019 included costs of $102.9 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $66.0 million in Calvin Klein North America and $36.9 million in Calvin Klein International. Please see Note 18, “Exit Activity Costs,” for further discussion.
[12]	Income before interest and taxes for 2018 included costs of $40.7 million incurred in connection with the Calvin Klein restructuring. Such costs were included in the Company’s segments as follows: $18.9 million in Calvin Klein North America and $21.8 million in Calvin Klein International. Please see Note 18, “Exit Activity Costs,” for further discussion
[13]	Loss before interest and taxes for 2019 included a noncash loss of $142.0 million in connection with the Speedo transaction. Please see Note 4, “Assets Held For Sale,” for further discussion.
[14]	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, and the results of PVH Ethiopia. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, certain corporate responsibility initiatives, actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans, and gains and losses from changes in the fair value of foreign currency option contracts. Actuarial losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans totaled $97.8 million, $15.0 million and $2.5 million in 2019, 2018 and 2017, respectively.
[15]	Loss before interest and taxes for 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 3, “Acquisitions,” for further discussion.
[16]	Loss before interest and taxes for 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.
[17]	Loss before interest and taxes for 2017 included costs of $23.9 million related to the early redemption of the Company’s $700 million 4 1/2% senior notes due 2022. Please see Note 9, “Debt,” for further discussion.
[18]	Loss before interest and taxes for 2017 included costs of $9.4 million related to the noncash settlement of certain of the Company’s benefit obligations related to its Pension Plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer. Please see Note 13, “Retirement and Benefit Plans,” for further discussion.

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

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

^[1],[2]

$ 9,909.0

$ 9,656.8

$ 8,914.8

Net sales

9,400.0

9,154.2

8,439.4

Net sales | Wholesale

5,066.9

4,969.6

4,504.3

Net sales | Retail

4,333.1

4,184.6

3,935.1

Royalty revenue

Advertising and other revenue

379.9

375.9

366.3

$ 129.1

$ 126.7

$ 109.1

[1]	Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2]	No single customer accounted for more than 10% of the Company’s revenue in 2019, 2018 or 2017.

SEGMENT DATA Assets, Depreciation and Capital Expenditures (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 02, 2020

Feb. 03, 2019

Feb. 04, 2018

^[3]

$ 13,631.0

^[1],[2]

$ 11,863.7

$ 11,885.7

323.8

334.8

324.9

Capital expenditures incurred but not yet paid

^[4]

341.0

381.3

364.4

39.5

43.7

41.9

Operating Lease, Right-of-Use Asset

1,675.8

0.0

Operating Lease, Liability

1,895.5

Retained earnings

(4,753.0)

(4,350.1)

^[5]

1,026.8

984.5

899.8

Tommy Hilfiger North America [Member]

^[6],[7]

9,909.0

9,656.8

8,914.8

1,599.0

1,330.5

1,276.5

40.6

37.9

45.1

41.7

56.1

82.0

^[8]

Tommy Hilfiger International [Member]

^[6]

1,647.9

1,669.2

1,567.8

4,888.6

3,949.3

4,047.3

119.7

133.9

^[9]

124.5

^[9]

139.6

143.9

126.7

Calvin Klein North America [Member]

^[6]

3,063.8

2,675.3

2,325.4

1,932.3

1,817.9

1,836.9

38.6

41.5

43.8

30.3

36.0

36.8

Calvin Klein International [Member]

^[6]

1,669.7

1,793.3

1,707.8

3,428.9

3,114.9

3,138.0

91.9

90.6

83.1

83.3

102.7

96.6

Heritage Brands Wholesale [Member]

^[6]

1,998.1

1,937.9

1,753.8

1,075.3

1,178.1

1,123.5

15.1

14.9

14.3

18.6

15.8

8.0

Heritage Brands Retail [Member]

^[6]

1,271.9

1,317.4

1,297.4

128.4

86.6

81.6

6.2

5.6

5.3

6.5

8.5

4.2

^[6]

257.6

263.7

262.6

Corporate [Member]

578.5

386.4

381.9

11.7

10.4

8.8

21.0

18.3

10.1

Domestic [Member]

525.8

500.5

449.2

4,275.0

4,481.3

4,290.1

Canada [Member]

25.3

28.8

30.0

505.5

528.8

512.2

Europe [Member]

375.6

362.7

325.5

3,657.3

3,362.1

2,907.2

Asia [Member]

87.6

^[10]

73.4

73.8

1,353.4

^[11]

1,163.7

1,059.3

Other foreign [Member]

12.5

19.1

21.3

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

$ 117.8

120.9

146.0

Accounting Standards Update 2016-02 [Member]

Amortization

24.6

$ 26.8