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ACCUMULATED OTHER COMPREHENSIVE LOSS | 6 Months Ended
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Jul. 31, 2022
Accumulated Other Comprehensive Income [Abstract] |
Accumulated Other Comprehensive Loss | ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the changes in AOCL, net of related taxes, by component for the twenty-six weeks ended July 31, 2022 and August 1, 2021:
(In millions) | Foreign currency translation adjustments |  |  |  | Net unrealized and realized gain on effective cash flow hedges |  | Total
Balance, January 30, 2022 | $ | (665.9) |  |  |  |  | $ | 53.2 |  |  | $ | (612.7) |
Other comprehensive (loss) income before reclassifications | (148.4) |  | (1)(2) |  |  | 33.9 |  |  | (114.5) |
Less: Amounts reclassified from AOCL | (3.4) |  | (3) |  |  | 2.6 |  |  | (0.8) |
Other comprehensive (loss) income | (145.0) |  |  |  |  | 31.3 |  |  | (113.7) |
Balance, July 31, 2022 | $ | (810.9) |  |  |  |  | $ | 84.5 |  |  | $ | (726.4) |
(In millions) | Foreign currency translation adjustments |  |  |  | Net unrealized and realized (loss) gain on effective cash flow hedges |  | Total
Balance, January 31, 2021 | $ | (481.6) |  |  |  |  | $ | (37.5) |  |  | $ | (519.1) |
Other comprehensive (loss) income before reclassifications | (44.8) |  | (1)(2) |  |  | 58.5 |  |  | 13.7 |
Less: Amounts reclassified from AOCL | — |  |  |  |  | 6.9 |  |  | 6.9 |
Other comprehensive (loss) income | (44.8) |  |  |  |  | 51.6 |  |  | 6.8 |
Balance, August 1, 2021 | $ | (526.4) |  |  |  |  | $ | 14.1 |  |  | $ | (512.3) |
(1) Foreign currency translation adjustments included a net gain on net investment hedges of $78.8 million and $20.6 million during the twenty-six weeks ended July 31, 2022 and August 1, 2021, respectively. (2) Unfavorable foreign currency translation adjustments were principally driven by a strengthening of the United States dollar against the euro. (3) Foreign currency translation adjustment losses were reclassified from AOCL during the second quarter of 2022 in connection with the Karl Lagerfeld transaction. Please see Note 6, “Investments in Unconsolidated Affiliates,” for further discussion. The following table presents reclassifications from AOCL to earnings for the thirteen and twenty-six weeks ended July 31, 2022 and August 1, 2021:
| Amount Reclassified from AOCL | Affected Line Item in the Company’s Consolidated Statements of Operations
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended |
(In millions) | 7/31/22 |  | 8/1/21 |  | 7/31/22 |  | 8/1/21 |
Realized gain (loss) on effective cash flow hedges: |  |  |  |  |  |  |  |
Foreign currency forward exchange contracts (inventory purchases) | $ | 5.2 |  |  | $ | 5.8 |  |  | $ | 3.7 |  |  | $ | 7.8 |  | Cost of goods sold
Interest rate swap agreements | — |  |  | (0.8) |  |  | — |  |  | (1.9) |  | Interest expense
Less: Tax effect | 1.4 |  |  | (0.5) |  |  | 1.1 |  |  | (1.0) |  | Income tax expense
Total, net of tax | $ | 3.8 |  |  | $ | 5.5 |  |  | $ | 2.6 |  |  | $ | 6.9 |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |
Karl Lagerfeld transaction | $ | (3.4) |  | (1) | $ | — |  |  | $ | (3.4) |  | (1) | $ | — |  | Equity in net income of unconsolidated affiliates
Less: Tax effect | — |  |  | — |  |  | — |  |  | — |  | Income tax expense
Total, net of tax | $ | (3.4) |  |  | $ | — |  |  | $ | (3.4) |  |  | $ | — |  |
(1) Foreign currency translation adjustment losses were reclassified from AOCL during the second quarter of 2022 in connection with the Karl Lagerfeld transaction. Please see Note 6, “Investments in Unconsolidated Affiliates,” for further discussion.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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