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Fair Value Measurement (Tables) | 12 Months Ended
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Feb. 02, 2019
Fair Value Disclosures [Abstract] |
Methods to Determine Fair Value on Instrument-Specific Basis | The methods Signet uses to determine fair value on an instrument-specific basis are detailed below:
| February 2, 2019 |  | February 3, 2018
(in millions) | Carrying Value |  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Carrying Value |  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2)
Assets: |  |  |  |  |  |  |
US Treasury securities | $ | 4.7 |  |  | $ | 4.7 |  |  | $ | — |  |  | $ | 7.5 |  |  | $ | 7.5 |  |  | $ | — |
Corporate equity securities | 2.4 |  |  | 2.4 |  |  | — |  |  | 4.5 |  |  | 4.5 |  |  | — |
Foreign currency contracts | 0.9 |  |  | — |  |  | 0.9 |  |  | — |  |  | — |  |  | — |
Commodity contracts | 5.7 |  |  | — |  |  | 5.7 |  |  | — |  |  | — |  |  | — |
Interest rate swaps | 0.6 |  |  | — |  |  | 0.6 |  |  | 2.2 |  |  | — |  |  | 2.2 |
US government agency securities | 2.5 |  |  | — |  |  | 2.5 |  |  | 5.1 |  |  | — |  |  | 5.1 |
Corporate bonds and notes | 5.2 |  |  | — |  |  | 5.2 |  |  | 10.8 |  |  | — |  |  | 10.8 |
Total assets | $ | 22.0 |  |  | $ | 7.1 |  |  | $ | 14.9 |  |  | $ | 30.1 |  |  | $ | 12.0 |  |  | $ | 18.1 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | $ | (0.2 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | (2.3 | ) |  | $ | — |  |  | $ | (2.3 | )
Commodity contracts | — |  |  | — |  |  | — |  |  | (0.1 | ) |  | — |  |  | (0.1 | )
Total liabilities | $ | (0.2 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | (2.4 | ) |  | $ | — |  |  | $ | (2.4 | )
Schedule of Carrying Amount and Fair Value of Outstanding Debt | The carrying amount and fair value of outstanding debt at February 2, 2019 and February 3, 2018 were as follows:
| February 2, 2019 |  | February 3, 2018
(in millions) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Long-term debt |  |  |  |  |  |  |
Senior notes (Level 2) | $ | 395.3 |  |  | $ | 340.3 |  |  | $ | 394.5 |  |  | $ | 396.3 |
Term loan (Level 2) | 293.0 |  |  | 294.9 |  |  | 323.5 |  |  | 326.2 |
Total | $ | 688.3 |  |  | $ | 635.2 |  |  | $ | 718.0 |  |  | $ | 722.5 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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