v2.4.0.6
Fair Value Measurements and Financial Instruments (Tables)
12 Months Ended
Feb. 02, 2013
Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table provides the fair value of our assets and liabilities measured on a recurring basis and recorded on our consolidated balance sheets (in millions):

 

     February 2, 2013
Level 2
     January 28, 2012
Level 2
 

Assets

     

Foreign Currency Contracts

   $ 8.2       $ 17.0   

Company-owned life insurance

     3.5         3.1   
  

 

 

    

 

 

 

Total assets

   $ 11.7       $ 20.1   
  

 

 

    

 

 

 

Liabilities

     

Foreign Currency Contracts

   $ 13.5       $ 2.5   

Nonqualified deferred compensation

     0.9         0.8   
  

 

 

    

 

 

 

Total liabilities

   $ 14.4       $ 3.3   
  

 

 

    

 

 

 
Gains and Losses on Derivative Instruments and Foreign Currency Transaction

Activity related to the trading of derivative instruments and the offsetting impact of related intercompany loans and foreign currency assets and liabilities recognized in selling, general and administrative expense is as follows (in millions):

 

     53 Weeks
Ended
February 2,
2013
    52 Weeks
Ended
January 28,
2012
    52 Weeks
Ended
January 29,
2011
 

Gains (losses) on the changes in fair value of derivative instruments

   $ (19.8   $ 13.5      $ (7.1

Gains (losses) on the re-measurement of related intercompany loans and foreign currency assets and liabilities

     22.3        (14.1     9.6   
  

 

 

   

 

 

   

 

 

 

Total

   $ 2.5      $ (0.6   $ 2.5   
  

 

 

   

 

 

   

 

 

 
Fair Values of Derivative Instruments not Receiving Hedge Accounting Treatment

The fair values of derivative instruments not receiving hedge accounting treatment in the consolidated balance sheets presented herein were as follows (in millions):

 

     February 2, 2013     January 28, 2012  

Assets

    

Foreign Currency Contracts

    

Other current assets

   $ 7.3      $ 12.3   

Other noncurrent assets

     0.9        4.7   

Liabilities

    

Foreign Currency Contracts

    

Accrued liabilities

     (9.1     (2.0

Other long-term liabilities

     (4.4     (0.5
  

 

 

   

 

 

 

Total derivatives

   $ (5.3   $ 14.5