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Inventories | 12 Months Ended
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Feb. 03, 2018
Inventory Disclosure [Abstract] |
Inventories | Inventories Signet held $606.4 million of consignment inventory at February 3, 2018 (January 28, 2017: $574.0 million), which is not recorded on the balance sheet. The principal terms of the consignment agreements, which can generally be terminated by either party, are such that Signet can return any or all of the inventory to the relevant suppliers without financial or commercial penalties and the supplier can adjust the inventory prices prior to sale. The following table summarizes the details of the Company’s inventory:
(in millions) | February 3, 2018 |  | January 28, 2017
Raw materials | $ | 72.0 |  |  | $ | 60.8 |
Finished goods | 2,208.5 |  |  | 2,388.5 |
Total inventories | $ | 2,280.5 |  |  | $ | 2,449.3 |
Inventory reserves
(in millions) | Fiscal 2018 |  | Fiscal 2017 |  | Fiscal 2016
Inventory reserve, beginning of period | $ | 43.2 |  |  | $ | 43.2 |  |  | $ | 28.4 |
Charged to profit | 75.8 |  |  | 57.3 |  |  | 87.6 |
Utilization(1) | (78.4 | ) |  | (57.3 | ) |  | (72.8 | )
Inventory reserve, end of period | $ | 40.6 |  |  | $ | 43.2 |  |  | $ | 43.2 |
(1) Includes the impact of foreign exchange translation between opening and closing balance sheet dates.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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