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CONSOLIDATED BALANCE SHEETS (In millions, except share and per share data) February 2, February 3, 2020 2019 ASSETS Current Assets: Cash and cash equivalents S

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CONSOLIDATED BALANCE SHEETS (In millions, except share and per share data) February 2, February 3, 2020 2019 ASSETS Current Assets: Cash and cash equivalents S 503.4 S 452.0 Trade receivables, net of allowances for doubtful accounts of $21.1 and $21.6 741.4 777.8 Other receivables 23.7 26.0 Inventories, net 1,615.7 1,732.4 Prepaid expenses 159.9 168.7 Other 112.9 81.7 Assets held for sale 237.2 Total Current Assets 3,394.2 3,238.6 roperty, Plant and Equipment, net 1,026.8 984.5 Operating Leave Right-of-Use Assets 1,675.8 Goodwill 3,677.6 3,670.5 Tradenames 2,830.2 2,863.7 Other Intangibles, net 650.5 705.5 Other Assets, including deferred taxes of $40.3 and $40.5 375.9 400.9 Total Assets 13,631.0 1,863.7 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable S 882.8 S 924.2 Accrued expense 929.6 891.6 Deferred revenue 64.7 65.3 Current portion of operating leave liabilities 363.5 Short-term borrowings 49.6 12.8 Current portion of long-term debt 13.8 Liabilities related to assets held for sale 57.1 Total Current Liabilities 2,361.1 ,893.9 Long-Term Portion of Operating Lease Liabilities 1,532.0 ong-Term Debt 2,693.9 2,819.4 Other Liabilities, including deferred taxes of $358.1 and $565.2 1,234.5 1,322.4 edeemable Non-Controlling Interest (2.0) 0.2 Stockholders' Equity. Preferred stock, par value $100 per share; 150,000 total shares authorized Common stock, par value $1 per share; 240,000,000 shares authorized; 85,890,276 and 85,446,141 shares issued 85.9 85.4 Additional paid in capital - common stock 3,075.4 3,017.3 Retained earnings 4,753.0 4,350.1 Accumulated other comprehensive loss (640.1) (507.9) Less: 13,597,113 and 10,042,510 shares of common stock held in treasury, at cost (1,462.7) 1,117.1) Total Stockholders Equity 5,811.5 5,827.8 Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity 13,631.0 11,863.7PVH CORP. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) 2019 2018 2017 et income S 415.1 S 744.6 S 536.1 ther comprehensive (loss) income: Foreign currency translation adjustments (157.8) (361.3) 561.3 Net unrealized and realized (loss) gain related to effective cash flow hedges, net of tax (benefit) expense of S(1.0), $3.2 and $0.1 (4.1) 101.8 (99.1) Net gain (loss) on net investment hedges, net of tax expense (benefit) of $9.6, $22.5 and $(28.7) 29.7 73.1 (70.8) otal other comprehensive (loss) income (132.2) (186.4) 391.4 Comprehensive income 282.9 558.2 927.5 Less: Comprehensive loss attributable to redeemable non-controlling interest (2.2) (1.8) (1.7) omprehensioncome attributable to PVH Corp. 285.1 560.0 S 929.2PVH CORP. CONSOLIDATED INCOME STATEMENTS (In millions, except per share data) 2019 2018 2017 Net sales S 9,400.0 S 9,154.2 S 8,439.4 Royalty revenue 379.9 375.9 366.3 Advertising and other revenue 129.1 126.7 109.1 Total revenue 9,909.0 9,656.8 8,914.8 Cost of goods sold (exclusive of depreciation and amortization) 4,520.6 4,348.5 4,020.4 Gross profit 5,388.4 5,308.3 4,894.4 Selling, general and administrative expenses 4, 715.2 4,432.8 4,245.2 Non-service related pension and postretirement cost 90.0 5.1 3.0 Debt modification and extinguishment costs 5.2 23.9 Other noncash loss, net 28.9 Equity in net income of unconsolidated affiliates 9.6 21.3 10.1 Income before interest and taxes 558.7 891.7 632.4 Interest expense 120.0 120.8 128.5 Interest income 5.3 4.7 6.3 Income before taxes 444.0 775.6 510.2 Income tax expense (benefit) 28.9 31.0 (25.9) Net income 415.1 744.6 536.1 Less: Net loss attributable to redeemable non-controlling interest (2.2) (1.8) (1.7) Net income attributable to PVH Corp. 417.3 746.4 537.8 Basic net income per common share attributable to PVH Corp. 5.63 9.75 5.93 Diluted net income per common share attributable to PVH Corp. 5.60 9.65 5.84

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