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DEBT (Tables) | 3 Months Ended
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May 03, 2020
Schedule of Interest Rate Swap Agreements [Line Items] |
Schedule of Interest Rate Swap Agreements [Table Text Block] | The Company entered into interest rate swap agreements designed with the intended effect of converting notional amounts of its variable rate debt obligation to fixed rate debt. Under the terms of the agreements, for the outstanding notional amount, the Company’s exposure to fluctuations in the one-month London interbank offered rate (“LIBOR”) is eliminated and the Company pays a fixed rate plus the current applicable margin. The following interest rate swap agreements were entered into or in effect during the thirteen weeks ended May 3, 2020 and/or May 5, 2019:
(In millions) |  |  |  |  |  |  |  |  |  |
Designation Date |  | Commencement Date |  | Initial Notional Amount |  | Notional Amount Outstanding as of May 3, 2020 |  | Fixed Rate |  | Expiration Date
March 2020 |  | February 2021 |  | $ | 50.0 |  |  | $ | — |  |  | 0.562% |  | February 2023
February 2020 |  | February 2021 |  | 50.0 |  |  | — |  |  | 1.1625% |  | February 2023
February 2020 |  | February 2020 |  | 50.0 |  |  | 50.0 |  |  | 1.2575% |  |  | February 2023
August 2019 |  | February 2020 |  | 50.0 |  |  | 50.0 |  |  | 1.1975% |  | February 2022
June 2019 |  | February 2020 |  | 50.0 |  |  | 50.0 |  |  | 1.409% |  |  | February 2022
June 2019 |  | June 2019 |  | 50.0 |  |  | 50.0 |  |  | 1.719% |  | July 2021
January 2019 |  | February 2020 |  | 50.0 |  |  | 50.0 |  |  | 2.4187% |  | February 2021
November 2018 |  | February 2019 |  | 139.2 |  |  | 126.6 |  |  | 2.8645% |  | February 2021
October 2018 |  | February 2019 |  | 115.7 |  |  | 159.8 |  |  | 2.9975% |  | February 2021
June 2018 |  | August 2018 |  | 50.0 |  |  | 50.0 |  |  | 2.6825% |  | February 2021
June 2017 |  | February 2018 |  | 306.5 |  |  | — |  |  | 1.566% |  | February 2020
The notional amounts of the outstanding interest rate swaps that commenced in 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.
Schedule of Long-term Debt Instruments [Table Text Block] | Long-Term Debt The carrying amounts of the Company’s long-term debt were as follows:
(In millions) | 5/3/20 |  | 2/2/20 |  | 5/5/19 |
Senior unsecured Term Loan A facilities due 2024 (1)(2) | $ | 1,558.4 |  |  | $ | 1,569.5 |  |  | $ | 1,644.0 |  |
7 3/4% debentures due 2023 | 99.7 |  |  | 99.7 |  |  | 99.6 |  |
3 5/8% senior unsecured euro notes due 2024 (2) | 564.3 |  | (3)(4) | 382.9 |  | (3) |  | 385.8 |  | (3) |
3 1/8% senior unsecured euro notes due 2027 (2) | 645.4 |  |  | 655.6 |  |  | 661.0 |  |
Total | 2,867.8 |  |  | 2,707.7 |  |  | 2,790.4 |  |
Less: Current portion of long-term debt | 13.6 |  |  | 13.8 |  |  | 31.0 |  |
Long-term debt | $ | 2,854.2 |  |  | $ | 2,693.9 |  |  | $ | 2,759.4 |  |
(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 €490.6 million, respectively, as of May 3, 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. (3) Includes €350.0 million principal amount of 3 5/8% senior unsecured euro notes due 2024 that were issued on June 20, 2016. (4) Includes an additional €175.0 million principal amount of 3 5/8% senior unsecured euro notes due 2024 that were issued on April 24, 2020.
Schedule of Mandatory Long-Term Debt Repayments [Table] | As of May 3, 2020, the Company’s mandatory long-term debt repayments for the remainder of 2020 through 2025 were as follows:
(In millions) |
Fiscal Year | Amount (1)
Remainder of 2020 | $ | 10.2 |
2021 | 38.7 |
2022 | 102.3 |
2023 | 222.8 |
2024 | 1,860.2 |
2025 | — |
(1) A portion of the Company’s mandatory long-term debt repayments are denominated in euro and subject to changes in the exchange rate of the United States dollar against the euro. Total debt repayments for the remainder of 2020 through 2025 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 May 3, 2020 because the carrying amount reflects the unamortized portions of debt issuance costs and the original issue discount

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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