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SEGMENT DATA (Tables) | 3 Months Ended
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May 03, 2020
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The Company’s revenue by segment was as follows:
| Thirteen Weeks Ended |  |  |  |  |  |  |  |
(In millions) | 5/3/20 | (1)(2) | 5/5/19 | (1) |  |  |  |  |
Revenue – Tommy Hilfiger North America |  |  |  |  |  |  |  |  |
Net sales | $ | 161.1 |  |  | $ | 347.8 |  |  |  |  |  |  |
Royalty revenue | 16.8 |  |  | 18.7 |  |  |  |  |  |  |
Advertising and other revenue | 3.4 |  |  | 5.3 |  |  |  |  |  |  |
Total | 181.3 |  |  | 371.8 |  |  |  |  |  |  |
Revenue – Tommy Hilfiger International |  |  |  |  |  |  |  |  |
Net sales | 453.9 |  |  | 662.7 |  |  |  |  |  |  |
Royalty revenue | 8.8 |  |  | 13.2 |  |  |  |  |  |  |
Advertising and other revenue | 2.5 |  |  | 4.4 |  |  |  |  |  |  |
Total | 465.2 |  |  | 680.3 |  |  |  |  |  |  |
Revenue – Calvin Klein North America |  |  |  |  |  |  |  |  |
Net sales | 163.9 |  |  | 378.4 |  |  |  |  |  |  |
Royalty revenue | 25.1 |  |  | 33.4 |  |  |  |  |  |  |
Advertising and other revenue | 7.1 |  |  | 12.2 |  |  |  |  |  |  |
Total | 196.1 |  |  | 424.0 |  |  |  |  |  |  |
Revenue – Calvin Klein International |  |  |  |  |  |  |  |  |
Net sales | 262.3 |  |  | 441.1 |  |  |  |  |  |  |
Royalty revenue | 14.2 |  |  | 17.9 |  |  |  |  |  |  |
Advertising and other revenue | 4.0 |  |  | 6.6 |  |  |  |  |  |  |
Total | 280.5 |  |  | 465.6 |  |  |  |  |  |  |
Revenue – Heritage Brands Wholesale |  |  |  |  |  |  |  |  |
Net sales | 195.3 |  |  | 350.3 |  |  |  |  |  |  |
Royalty revenue | 3.4 |  |  | 5.1 |  |  |  |  |  |  |
Advertising and other revenue | 0.8 |  |  | 1.0 |  |  |  |  |  |  |
Total | 199.5 |  |  | 356.4 |  |  |  |  |  |  |
Revenue – Heritage Brands Retail |  |  |  |  |  |  |  |  |
Net sales | 20.7 |  |  | 57.0 |  |  |  |  |  |  |
Royalty revenue | 0.7 |  |  | 1.1 |  |  |  |  |  |  |
Advertising and other revenue | — |  |  | 0.1 |  |  |  |  |  |  |
Total | 21.4 |  |  | 58.2 |  |  |  |  |  |  |
Total Revenue |  |  |  |  |  |  |  |  |
Net sales | 1,257.2 |  |  | 2,237.3 |  |  |  |  |  |  |
Royalty revenue | 69.0 |  |  | 89.4 |  |  |  |  |  |  |
Advertising and other revenue | 17.8 |  |  | 29.6 |  |  |  |  |  |  |
Total | $ | 1,344.0 |  |  | $ | 2,356.3 |  |  |  |  |  |  |
(1) Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. (2) Revenue was significantly negatively impacted by the COVID-19 pandemic, including as a result of temporary store closures and reduced traffic and consumer spending trends. The Company’s wholesale customers and licensing partners also experienced significant business disruptions as a result of the pandemic, resulting in a decrease in the Company’s revenue from these channels. The Company’s revenue by distribution channel was as follows:
| Thirteen Weeks Ended |  |  |  |  |  |
(In millions) | 5/3/20 |  | 5/5/19 |  |  |  |
Wholesale net sales | $ | 808.2 |  |  | $ | 1,360.7 |  |  |  |  |
Retail net sales | 449.0 |  |  | 876.6 |  |  |  |  |
Net sales | 1,257.2 |  |  | 2,237.3 |  |  |  |  |
Royalty revenue | 69.0 |  |  | 89.4 |  |  |  |  |
Advertising and other revenue | 17.8 |  |  | 29.6 |  |  |  |  |
Total | $ | 1,344.0 |  |  | $ | 2,356.3 |  |  |  |  |
The Company’s (loss) income before interest and taxes by segment was as follows:
| Thirteen Weeks Ended |  |  |  |  |  |  |  |  |  |
(In millions) | 5/3/20 | (1)(2) |  | 5/5/19 | (1) |  |  |  |  |  |
Loss before interest and taxes – Tommy Hilfiger North America | $ | (50.0) |  | (4) |  | $ | (14.7) |  | (8) |  |  |  |  |  |
(Loss) Income before interest and taxes – Tommy Hilfiger International | (38.8) |  | (4) |  | 106.8 |  |  |  |  |  |  |  |  |
(Loss) Income before interest and taxes – Calvin Klein North America | (327.8) |  | (4)(5) |  | 1.4 |  | (9) |  |  |  |  |  |
(Loss) Income before interest and taxes – Calvin Klein International | (433.8) |  | (4)(5) |  | 46.9 |  | (9) |  |  |  |  |  |
(Loss) Income before interest and taxes – Heritage Brands Wholesale | (287.9) |  | (5)(6) |  | 39.0 |  |  |  |  |  |  |  |
(Loss) Income before interest and taxes – Heritage Brands Retail | (23.0) |  | (4) |  | 1.0 |  |  |  |  |  |  |  |
Loss before interest and taxes – Corporate (3) | (57.1) |  | (7) |  | (45.3) |  |  |  |  |  |  |  |
(Loss) Income before interest and taxes | $ | (1,218.4) |  |  |  | $ | 135.1 |  |  |  |  |  |  |  |
(1) (Loss) Income 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) (Loss) Income before interest and taxes was significantly negatively impacted by the COVID-19 pandemic, including as a result of the unprecedented decline in revenue noted above as well as $961.8 million of noncash impairment charges related to goodwill, tradenames, other intangible assets, store assets and an equity method investment. (3) 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, and actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans (which are generally recorded in the fourth quarter). (4) Loss before interest and taxes for the thirteen weeks ended May 3, 2020 included noncash impairment charges of $16.0 million related to the Company’s store assets. The $16.0 million of impairment charges were included in the Company’s segments as follows: $4.1 million in Tommy Hilfiger North America, $3.1 million in Tommy Hilfiger International, $3.2 million in Calvin Klein North America, $1.8 million in Calvin Klein International and $3.8 million in Heritage Brands Retail. Please see Note 12, “Fair Value Measurements,” for further discussion. (5) Loss before interest and taxes for the thirteen weeks ended May 3, 2020 included noncash impairment charges of $933.5 million, primarily related to goodwill, tradenames and other intangible assets. The $933.5 million of impairment charges were included in the Company’s segments as follows: $289.9 million in Calvin Klein North America, $394.0 million in Calvin Klein International and $249.6 million in Heritage Brands Wholesale. Please see Note 7, “Goodwill and Other Intangible Assets,” for further discussion. (6) Loss before interest and taxes for the thirteen weeks ended May 3, 2020 included a net noncash loss of $3.1 million in connection with the sale of the Speedo North America business in April 2020. Please see Note 4, “Acquisitions and Divestitures,” for further discussion. (7) Loss before interest and taxes for the thirteen weeks ended May 3, 2020 included a noncash impairment charge of $12.3 million related to the Company’s equity method investment in Karl Lagerfeld. Please see Note 6, “Investments in Unconsolidated Affiliates,” for further discussion. (8) Loss before interest and taxes for the thirteen weeks ended May 5, 2019 included costs of $54.9 million incurred in connection with the TH U.S. store closures, primarily consisting of noncash lease asset impairments. Please see Note 12, “Fair Value Measurements,” for further discussion. (9) Income before interest and taxes for the thirteen weeks ended May 5, 2019 included costs of $70.3 million incurred in connection with the Calvin Klein restructuring, primarily consisting of lease asset impairments and severance. Such costs were included in the Company’s segments as follows: $50.9 million in Calvin Klein North America and $19.4 million in Calvin Klein International. Please see Note 12, “Fair Value Measurements,” for further discussion of the lease asset impairments.

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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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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