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Inventories | 12 Months Ended
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Feb. 02, 2019
Inventory Disclosure [Abstract] |
Inventories | Inventories Signet held $726.8 million of consignment inventory at February 2, 2019 (February 3, 2018: $606.4 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 2, 2019 |  | February 3, 2018
Raw materials | $ | 76.3 |  |  | $ | 72.0 |
Finished goods | 2,310.6 |  |  | 2,208.5 |
Total inventories | $ | 2,386.9 |  |  | $ | 2,280.5 |
Inventory reserves
(in millions) | Fiscal 2019 |  | Fiscal 2018 |  | Fiscal 2017
Inventory reserve, beginning of period | $ | 40.6 |  |  | $ | 43.2 |  |  | $ | 43.2 |
Charged to profit(1) | 131.4 |  |  | 75.8 |  |  | 57.3 |
Utilization(2) | (76.7 | ) |  | (78.4 | ) |  | (57.3 | )
Inventory reserve, end of period(3) | $ | 95.3 |  |  | $ | 40.6 |  |  | $ | 43.2 |
(1) Includes $62.2 million inventory charge associated with the Company’s restructuring plan. See Note 7 for additional information. (2) Includes the impact of foreign exchange translation between opening and closing balance sheet dates, as well as $10.6 million utilized for inventory identified as part of the Company’s restructuring plan which was disposed of in Fiscal 2019. See Note 7 for additional information. (3) Includes $51.6 million for inventory identified as part of the Company’s restructuring plan during the second quarter of Fiscal 2019. See Note 7 for additional information. During Fiscal 2019, as a part of the Plan, the Company recorded inventory charges of $62.2 million primarily associated with discontinued brands and collections within the restructuring charges - cost of sales line item on the condensed consolidated income statements. See Note 7 for additional information.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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