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ACQUISITIONS AND DIVESTITURES (Tables) | 6 Months Ended
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Aug. 03, 2014
Business Combinations [Abstract] |
Acquisition consideration [Table Text Block] | The acquisition date fair value of the acquisition consideration paid at closing totaled $3,137.1 million, which consisted of the following:
(In millions, except per share data) |  |
Cash |  | $ | 2,180.0 |
Common stock (7.7 shares, par value $1.00 per share) |  | 926.5 |
Warnaco employee replacement stock awards |  | 39.8 |
Elimination of pre-acquisition liability to Warnaco |  | (9.2 | )
Total fair value of the acquisition consideration |  | $ | 3,137.1 |
The fair value of the 7.7 million common shares issued was equal to the aggregate value of the shares at the closing market price of the Company’s common stock on February 12, 2013, the day prior to the closing. The value of the replacement stock awards was determined by multiplying the estimated fair value of the Warnaco awards outstanding at the time of the acquisition, reduced by an estimated value of awards to be forfeited, by the proportionate amount of the vesting period that had lapsed as of the acquisition date. Also included in the acquisition consideration was the elimination of a $9.2 million pre-acquisition liability to Warnaco.
Business acquisition, pro forma information [Table Text Block] | The following table presents the Company’s pro forma consolidated results of operations for the thirteen and twenty-six weeks ended August 4, 2013, as if the acquisition and the related financing transactions had occurred at the beginning of the year prior to the acquisition date. The pro forma results were calculated applying the Company’s accounting policies and reflect (i) the impact on revenue, cost of goods sold and selling, general and administrative expenses resulting from the elimination of intercompany transactions; (ii) the impact on depreciation and amortization expense based on fair value adjustments to Warnaco’s property, plant and equipment and intangible assets recorded in connection with the acquisition; (iii) the impact on interest expense resulting from changes to the Company’s capital structure in connection with the acquisition; (iv) the impact on cost of goods sold resulting from acquisition date adjustments to the fair value of inventory; (v) the elimination of transaction costs related to the acquisition that were included in the Company’s results of operations for the thirteen and twenty-six weeks ended August 4, 2013; and (vi) the tax effects of the above adjustments. The pro forma results do not include any anticipated cost synergies or other effects of the planned integration of Warnaco. Accordingly, such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed at the beginning of the year prior to the acquisition date, nor are they indicative of the future operating results of the combined company.
|  | Pro Forma |  | Pro Forma
|  | Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
(In millions) |  | 8/4/13 |  | 8/4/13
Total revenue |  | $ | 1,964.8 |  |  | $ | 3,938.0 |
Net income attributable to PVH Corp. |  | 74.5 |  |  | 149.9 |
Business combination, allocation of the acquisition consideration [Table Text Block] | The following table summarizes the fair values of the assets acquired and liabilities and redeemable non-controlling interest assumed at the date of acquisition:
(In millions) |  |
Cash and cash equivalents |  | $ | 364.7 |
Trade receivables |  | 286.7 |
Other receivables |  | 46.9 |
Inventories |  | 442.9 |
Prepaid expenses |  | 38.7 |
Other current assets |  | 56.0 |
Property, plant and equipment |  | 123.3 |
Goodwill |  | 1,513.2 |
Tradenames |  | 604.6 |
Other intangibles |  | 1,023.7 |
Other assets |  | 169.3 |
Total assets acquired |  | 4,670.0 |
Accounts payable |  | 180.1 |
Accrued expenses |  | 260.5 |
Short-term borrowings |  | 26.9 |
Current portion of long-term debt |  | 2.0 |
Long-term debt |  | 195.0 |
Other liabilities |  | 862.8 |
Total liabilities assumed |  | 1,527.3 |
Redeemable non-controlling interest |  | 5.6 |
Total fair value of acquisition consideration |  | $ | 3,137.1 |
The Company finalized the purchase price allocation during the fourth quarter of 2013 and applied applicable measurement period adjustments retrospectively in accordance with Financial Accounting Standards Board (“FASB”) guidance for business combinations.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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