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Inventories (Tables)
12 Months Ended
Jan. 29, 2022
Inventory Disclosure [Abstract]  
Summary of Inventory
The following table summarizes the details of the Company’s inventory:
(in millions)January 29, 2022January 30, 2021
Raw materials
$75.8 $45.3 
Merchandise inventories
1,984.6 1,987.2 
Total inventories
$2,060.4 $2,032.5 
Schedule of Inventory Reserves
Inventory reserves
(in millions)Fiscal 2022Fiscal 2021Fiscal 2020
Inventory reserve, beginning of period$52.9 $67.0 $95.3 
Charged to income (1)
101.8 78.1 80.2 
Utilization (2)
(107.9)(92.2)(108.5)
Inventory reserve, end of period (3)
$46.8 $52.9 $67.0 
(1) Includes $1.4 million in Fiscal 2021 and $9.2 million in Fiscal 2020 for inventory charges associated with the Company’s restructuring plan. The charges were primarily associated with discontinued brands and collections within the restructuring - cost of sales line item on the consolidated statements of operations. As the Plan was substantially completed in Fiscal 2021, no additional charges were recorded in Fiscal 2022. See Note 6 for additional information.
(2) Includes the impact of foreign exchange translation, as well as $2.2 million in Fiscal 2022, $20.0 million in Fiscal 2021 and $40.0 million in Fiscal 2020 utilized for inventory identified as part of the Company’s restructuring plan. See Note 6 for additional information.
(3) Includes $2.2 million in Fiscal 2021 and $20.8 million in Fiscal 2020 for inventory identified as part of the Company’s restructuring plan. See Note 6 for additional information.