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SEGMENT DATA (Tables) | 12 Months Ended
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Feb. 03, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The Company’s revenue by segment was as follows:
(In millions) |  | 2018 | (1) | 2017 | (1) | 2016 | (1)
Revenue – Tommy Hilfiger North America |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,574.3 |  |  | $ | 1,482.2 |  |  | $ | 1,502.4 |  |
Royalty revenue |  | 76.2 |  |  | 68.9 |  |  | 48.9 |  |
Advertising and other revenue |  | 18.7 |  |  | 16.7 |  |  | 12.0 |  |
Total |  | 1,669.2 |  |  | 1,567.8 |  |  | 1,563.3 |  |
Revenue – Tommy Hilfiger International |  |  |  |  |  |  |  |  |  |
Net sales |  | 2,599.7 |  |  | 2,268.0 |  |  | 1,899.4 |  |
Royalty revenue |  | 52.7 |  |  | 47.8 |  |  | 44.5 |  |
Advertising and other revenue |  | 22.9 |  |  | 9.6 |  |  | 3.6 |  |
Total |  | 2,675.3 |  |  | 2,325.4 |  |  | 1,947.5 |  |
Revenue – Calvin Klein North America |  |  |  |  |  |  |
Net sales |  | 1,599.9 |  |  | 1,511.3 |  |  | 1,513.0 |  |
Royalty revenue |  | 143.6 |  |  | 146.4 |  |  | 131.7 |  |
Advertising and other revenue |  | 49.8 |  |  | 50.1 |  |  | 45.2 |  |
Total |  | 1,793.3 |  |  | 1,707.8 |  |  | 1,689.9 |  |
Revenue – Calvin Klein International |  |  |  |  |  |  |  |  |  |
Net sales |  | 1,827.9 |  |  | 1,645.0 |  |  | 1,346.2 |  |
Royalty revenue |  | 78.9 |  |  | 80.0 |  |  | 72.9 |  |
Advertising and other revenue |  | 31.1 |  |  | 28.8 |  |  | 26.2 |  |
Total |  | 1,937.9 |  |  | 1,753.8 |  |  | 1,445.3 |  |
Revenue – Heritage Brands Wholesale |  |  |  |  |  |  |  |  |  |
Net sales |  | 1,293.2 |  |  | 1,274.4 |  |  | 1,271.6 |  |
Royalty revenue |  | 20.5 |  |  | 19.5 |  |  | 20.3 |  |
Advertising and other revenue |  | 3.7 |  |  | 3.5 |  |  | 3.9 |  |
Total |  | 1,317.4 |  |  | 1,297.4 |  |  | 1,295.8 |  |
Revenue – Heritage Brands Retail |  |  |  |  |  |  |  |  |  |
Net sales |  | 259.2 |  |  | 258.5 |  |  | 258.8 |  |
Royalty revenue |  | 4.0 |  |  | 3.7 |  |  | 2.3 |  |
Advertising and other revenue |  | 0.5 |  |  | 0.4 |  |  | 0.2 |  |
Total |  | 263.7 |  |  | 262.6 |  |  | 261.3 |  |
Total Revenue |  |  |  |  |  |  |  |  |  |
Net sales |  | 9,154.2 |  |  | 8,439.4 |  |  | 7,791.4 |  |
Royalty revenue |  | 375.9 |  |  | 366.3 |  |  | 320.6 |  |
Advertising and other revenue |  | 126.7 |  |  | 109.1 |  |  | 91.1 |  |
Total(2) |  | $ | 9,656.8 |  |  | $ | 8,914.8 |  |  | $ | 8,203.1 |  |
(1) | Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of this report for further discussion.
(2) | No single customer accounted for more than 10% of the Company’s revenue in 2018, 2017 or 2016.
The Company’s revenue by distribution channel was as follows:
(In millions) | 2018 |  | 2017 |  | 2016
Wholesale net sales | $ | 4,969.6 |  |  | $ | 4,504.3 |  |  | $ | 4,195.9 |
Retail net sales | 4,184.6 |  |  | 3,935.1 |  |  | 3,595.5 |
Net sales | 9,154.2 |  |  | 8,439.4 |  |  | 7,791.4 |
Royalty revenue | 375.9 |  |  | 366.3 |  |  | 320.6 |
Advertising and other revenue | 126.7 |  |  | 109.1 |  |  | 91.1 |
Total | $ | 9,656.8 |  |  | $ | 8,914.8 |  |  | $ | 8,203.1 |
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) | 2018 |  | (1) |  | 2017 |  | (1) |  | 2016 |  | (1)
Income before interest and taxes – Tommy Hilfiger North America | $ | 233.8 |  |  |  |  | $ | 97.0 |  |  | (5)(6)(7) |  | $ | 135.8 |  |  | (11)
Income before interest and taxes – Tommy Hilfiger International | 377.1 |  |  | (3) |  | 221.5 |  |  | (3)(5)(6) |  | 328.3 |  |  | (12)(13)
Income before interest and taxes – Calvin Klein North America | 166.7 |  |  | (4) |  | 184.0 |  |  |  |  | 123.9 |  |  | (14)
Income before interest and taxes – Calvin Klein International | 211.5 |  |  | (4) |  | 226.5 |  |  |  |  | 209.6 |  |  |
Income before interest and taxes – Heritage Brands Wholesale | 83.3 |  |  |  |  | 96.7 |  |  |  |  | 90.2 |  |  |
Income before interest and taxes – Heritage Brands Retail | 7.4 |  |  |  |  | 7.6 |  |  |  |  | 8.8 |  |  |
Loss before interest and taxes – Corporate(2) | (188.1 | ) |  |  |  | (200.9 | ) |  | (8)(9)(10) |  | (107.4 | ) |  | (15)
Income before interest and taxes | $ | 891.7 |  |  |  |  | $ | 632.4 |  |  |  |  | $ | 789.2 |  |  |
(1) | Income (loss) before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of this report for further discussion.
(2) | Includes corporate expenses not allocated to any reportable segments, the Company’s proportionate share of the net income or loss of its investments in Gazal 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, 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) gains on the Company’s Pension Plans, SERP Plans and Postretirement Plans totaled $(15.0) million, $(2.5) million and $39.1 million in 2018, 2017 and 2016, respectively.
(3) | 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. Please see Note 3, “Acquisitions,” for further discussion.
(4) | 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 17, “Exit Activity Costs,” for further discussion.
(5) | 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.
(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 $19.2 million associated with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense.
(8) | 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 8, “Debt,” for further discussion.
(9) | Loss before interest and taxes for 2017 included net costs of $8.0 million associated with the consolidation within the Company’s warehouse and distribution network in North America, which included a $3.1 million gain on the sale of a warehouse and distribution center.
(10) | 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 12, “Retirement and Benefit Plans,” for further discussion.
(11) | Income before interest and taxes for 2016 included costs of $11.0 million associated with the early termination of the previous license agreement for the Tommy Hilfiger men’s tailored clothing business in North America (the “TH men’s tailored license termination”) in order to consolidate with Peerless Clothing International, Inc. the Company’s men’s tailored businesses for all of its brands in North America.
(12) | Income before interest and taxes for 2016 included a gain of $18.1 million associated with a payment made to the Company to exit a TOMMY HILFIGER flagship store in Europe.
(13) | Income before interest and taxes for 2016 included a noncash gain of $153.1 million to write up the Company’s equity investment in TH China to fair value in connection with the TH China acquisition. Partially offsetting the gain were acquisition related costs of $76.9 million, principally consisting of valuation adjustments and amortization of short-lived assets, and a one-time cost of $5.9 million recorded on the Company’s equity investment in TH China. Please see Note 3, “Acquisitions,” for further discussion.
(14) | Income before interest and taxes for 2016 included a noncash loss of $81.8 million related to the Mexico deconsolidation, including $56.7 million related to foreign currency translation adjustment losses previously recorded in AOCL. Please see Note 5, “Investments in Unconsolidated Affiliates,” for further discussion.
(15) | Loss before interest and taxes for 2016 included costs of $15.8 million related to the Company’s amendment of its 2014 facilities. Please see Note 8, “Debt,” 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 by segment were as follows:
(In millions) |  | 2018 |  | 2017 |  | 2016 |
Identifiable Assets(1) |  |  |  |  |  |  |
Tommy Hilfiger North America |  | $ | 1,330.5 |  |  | $ | 1,276.5 |  |  | $ | 1,229.8 |  |
Tommy Hilfiger International |  | 3,949.3 |  |  | 4,047.3 |  |  | 3,481.3 |  |
Calvin Klein North America |  | 1,817.9 |  |  | 1,836.9 |  |  | 1,752.1 |  |
Calvin Klein International |  | 3,114.9 |  |  | 3,138.0 |  |  | 2,821.0 |  |
Heritage Brands Wholesale |  | 1,178.1 |  |  | 1,123.5 |  |  | 1,203.5 |  |
Heritage Brands Retail |  | 86.6 |  |  | 81.6 |  |  | 75.5 |  |
Corporate(2) |  | 386.4 |  |  | 381.9 |  |  | 504.7 |  |
Total |  | $ | 11,863.7 |  |  | $ | 11,885.7 |  |  | $ | 11,067.9 |  |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |
Tommy Hilfiger North America |  | $ | 37.9 |  |  | $ | 45.1 |  |  | $ | 35.3 |  |
Tommy Hilfiger International(3) |  | 133.9 |  |  | 124.5 |  |  | 139.2 |  |
Calvin Klein North America |  | 41.5 |  |  | 43.8 |  |  | 47.6 |  |
Calvin Klein International |  | 90.6 |  |  | 83.1 |  |  | 70.5 |  |
Heritage Brands Wholesale |  | 14.9 |  |  | 14.3 |  |  | 15.6 |  |
Heritage Brands Retail |  | 5.6 |  |  | 5.3 |  |  | 5.4 |  |
Corporate |  | 10.4 |  |  | 8.8 |  |  | 8.2 |  |
Total |  | $ | 334.8 |  |  | $ | 324.9 |  |  | $ | 321.8 |  |
Identifiable Capital Expenditures(4) |  |  |  |  |  |  |  |  |  |
Tommy Hilfiger North America(5) |  | $ | 56.1 |  |  | $ | 82.0 |  |  | $ | 26.9 |  |
Tommy Hilfiger International |  | 143.9 |  |  | 126.7 |  |  | 82.0 |  |
Calvin Klein North America |  | 36.0 |  |  | 36.8 |  |  | 39.3 |  |
Calvin Klein International |  | 102.7 |  |  | 96.6 |  |  | 79.5 |  |
Heritage Brands Wholesale |  | 15.8 |  |  | 8.0 |  |  | 14.1 |  |
Heritage Brands Retail |  | 8.5 |  |  | 4.2 |  |  | 7.0 |  |
Corporate |  | 18.3 |  |  | 10.1 |  |  | 8.9 |  |
Total |  | $ | 381.3 |  |  | $ | 364.4 |  |  | $ | 257.7 |  |
(1) | Identifiable assets included the impact of changes in foreign currency exchange rates.
(2) | The changes in Corporate identifiable assets in 2017 were primarily due to changes in cash and cash equivalents.
(3) | Depreciation and amortization in 2018, 2017 and 2016 included $24.6 million, $26.8 million and $47.1 million, respectively, related to the amortization of intangible assets recorded in connection with the TH China acquisition. Please see Note 3, “Acquisitions,” for further discussion.
(4) | Capital expenditures in 2018 included $43.7 million of accruals that will not be paid until 2019. Capital expenditures in 2017 included $41.9 million of accruals that were not paid until 2018. Capital expenditures in 2016 included $35.6 million of accruals that were not paid until 2017.
(5) | The increase in Tommy Hilfiger North America capital expenditures in 2017 was primarily driven by the relocation of the Tommy Hilfiger office in 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) | 2018 (1) |  | 2017 (1) |  | 2016 (1)
Domestic | $ | 500.5 |  |  | $ | 449.2 |  |  | $ | 412.8 |
Canada | 28.8 |  |  | 30.0 |  |  | 31.0 |
Europe | 362.7 |  |  | 325.5 |  |  | 230.5 |
Asia | 73.4 |  |  | 73.8 |  |  | 66.8 |
Other foreign | 19.1 |  |  | 21.3 |  |  | 18.8 |
Total | $ | 984.5 |  |  | $ | 899.8 |  |  | $ | 759.9 |
(1) | Property, plant and equipment, net included the impact of changes in foreign currency exchange rates.
Revenue, based on location of origin, was as follows:
(In millions) | 2018 (1) |  | 2017 (1) |  | 2016 (1)
Domestic | $ | 4,481.3 |  |  | $ | 4,290.1 |  |  | $ | 4,226.6 |
Canada | 528.8 |  |  | 512.2 |  |  | 484.5 |
Europe | 3,362.1 |  |  | 2,907.2 |  |  | 2,372.7 |
Asia | 1,163.7 |  |  | 1,059.3 |  |  | 910.4 |
Other foreign(2) | 120.9 |  |  | 146.0 |  |  | 208.9 |
Total | $ | 9,656.8 |  |  | $ | 8,914.8 |  |  | $ | 8,203.1 |
(1) | Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of this report for further discussion.
(2) | Other foreign revenue in 2017 included the revenue reduction resulting from the Mexico deconsolidation in the fourth quarter of 2016. Please see Note 5, “Investments in Unconsolidated Affiliates,” for further discussion of the Mexico deconsolidation.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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