XML 58 R46.htm IDEA: XBRL DOCUMENT
v3.21.2

Derivatives (Tables) | 6 Months Ended
--- | ---
Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table summarizes the fair value and presentation of derivative instruments in the condensed consolidated balance sheets:
| Fair value of derivative assets
(in millions) | Balance sheet location |  | July 31, 2021 |  | January 30, 2021 |  | August 1, 2020
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current assets |  | $ | 0.9 |  |  | $ | 0.1 |  |  | $ | 2.3 |
Total derivative assets |  |  | $ | 0.9 |  |  | $ | 0.1 |  |  | $ | 2.3 |
| Fair value of derivative liabilities
(in millions) | Balance sheet location |  | July 31, 2021 |  | January 30, 2021 |  | August 1, 2020
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | $ | (0.2) |  |  | $ | (0.3) |  |  | $ | — |
Commodity contracts | Other current liabilities |  | — |  |  | (0.1) |  |  | — |
Total derivative liabilities |  |  | $ | (0.2) |  |  | $ | (0.4) |  |  | $ | — |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:
(in millions) | July 31, 2021 |  | January 30, 2021 |  | August 1, 2020
Foreign currency contracts | $ | (0.6) |  |  | $ | (0.7) |  |  | $ | — |
Commodity contracts | (0.2) |  |  | (0.4) |  |  | 5.3 |
Gains (losses) recorded in AOCI | $ | (0.8) |  |  | $ | (1.1) |  |  | $ | 5.3 |
Derivative Instruments, Gain (Loss) | The following tables summarize the effect of derivative instruments designated as cash flow hedges on OCI and the condensed consolidated statements of operations: Foreign currency contracts
|  |  | 13 weeks ended |  | 26 weeks ended
(in millions) | Statement of operations caption |  | July 31, 2021 |  | August 1, 2020 |  | July 31, 2021 |  | August 1, 2020
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | (0.6) |  |  | $ | — |  |  | $ | (0.7) |  |  | $ | (1.0) |
Current period gains (losses) recognized in OCI |  |  | (0.2) |  |  | — |  |  | (0.2) |  |  | 1.6 |
Losses (gains) reclassified from AOCI to net income | Cost of sales (1) |  | 0.2 |  |  | — |  |  | 0.3 |  |  | — |
Gains from de-designated hedges reclassified from AOCI to net income | Other operating income, net (1) |  | — |  |  | — |  |  | — |  |  | (0.6) |
Gains (losses) recorded in AOCI, end of period |  |  | $ | (0.6) |  |  | $ | — |  |  | $ | (0.6) |  |  | $ | — |
Commodity contracts
|  |  | 13 weeks ended |  | 26 weeks ended
(in millions) | Statement of operations caption |  | July 31, 2021 |  | August 1, 2020 |  | July 31, 2021 |  | August 1, 2020
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | (0.4) |  |  | $ | 6.2 |  |  | $ | (0.4) |  |  | $ | 17.7 |
Current period gains (losses) recognized in OCI |  |  | 0.1 |  |  | — |  |  | — |  |  | (1.4) |
Losses (gains) reclassified from AOCI to net income | Cost of sales (1) |  | 0.1 |  |  | (0.9) |  |  | 0.2 |  |  | (1.7) |
Gains from de-designated hedges reclassified from AOCI to net income | Other operating income, net (1) |  | — |  |  | — |  |  | — |  |  | (9.3) |
Gains (losses) recorded in AOCI, end of period |  |  | $ | (0.2) |  |  | $ | 5.3 |  |  | $ | (0.2) |  |  | $ | 5.3 |
(1) Refer to the condensed consolidated statements of operations for total amounts of each financial statement caption impacted by cash flow hedges. The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the condensed consolidated statements of operations:
|  |  | 13 weeks ended |  | 26 weeks ended
(in millions) | Statement of operations caption |  | July 31, 2021 |  | August 1, 2020 |  | July 31, 2021 |  | August 1, 2020
Foreign currency contracts | Other operating income, net |  | $ | — |  |  | $ | 2.9 |  |  | $ | 0.9 |  |  | $ | (1.0) |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration