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Fair value measurements (Tables) | 3 Months Ended
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May 04, 2019
Fair Value Disclosures [Abstract] |
Fair Value, by Balance Sheet Grouping | The methods Signet uses to determine fair value on an instrument-specific basis are detailed below:
| May 4, 2019 |  | February 2, 2019 |  | May 5, 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) |  | Carrying Value |  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities | $ | 7.7 |  |  | $ | 7.7 |  |  | $ | — |  |  | $ | 4.7 |  |  | $ | 4.7 |  |  | $ | — |  |  | $ | 7.3 |  |  | $ | 7.3 |  |  | $ | — |
Corporate equity securities | 2.6 |  |  | 2.6 |  |  | — |  |  | 2.4 |  |  | 2.4 |  |  | — |  |  | 4.3 |  |  | 4.3 |  |  | — |
Foreign currency contracts | 1.0 |  |  | — |  |  | 1.0 |  |  | 0.9 |  |  | — |  |  | 0.9 |  |  | 0.4 |  |  | — |  |  | 0.4 |
Commodity contracts | 0.9 |  |  | — |  |  | 0.9 |  |  | 5.7 |  |  | — |  |  | 5.7 |  |  | 0.1 |  |  | — |  |  | 0.1 |
Interest rate swaps | — |  |  | — |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | 2.3 |  |  | — |  |  | 2.3 |
US government agency securities | 4.0 |  |  | — |  |  | 4.0 |  |  | 2.5 |  |  | — |  |  | 2.5 |  |  | 4.7 |  |  | — |  |  | 4.7 |
Corporate bonds and notes | 6.6 |  |  | — |  |  | 6.6 |  |  | 5.2 |  |  | — |  |  | 5.2 |  |  | 10.6 |  |  | — |  |  | 10.6 |
Total assets | $ | 22.8 |  |  | $ | 10.3 |  |  | $ | 12.5 |  |  | $ | 22.0 |  |  | $ | 7.1 |  |  | $ | 14.9 |  |  | $ | 29.7 |  |  | $ | 11.6 |  |  | $ | 18.1 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | $ | (0.1 | ) |  | $ | — |  |  | $ | (0.1 | ) |  | $ | (0.2 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | (1.2 | ) |  | $ | — |  |  | $ | (1.2 | )
Commodity contracts | (0.5 | ) |  | — |  |  | (0.5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total liabilities | $ | (0.6 | ) |  | $ | — |  |  | $ | (0.6 | ) |  | $ | (0.2 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | (1.2 | ) |  | $ | — |  |  | $ | (1.2 | )
Schedule of Carrying Values and Estimated Fair Values | The following table provides a summary of the carrying amount and fair value of outstanding debt:
| May 4, 2019 |  | February 2, 2019 |  | May 5, 2018
(in millions) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Long-term debt: |  |  |  |  |  |  |  |  |  |  |
Senior notes (Level 2) | $ | 395.5 |  |  | $ | 363.4 |  |  | $ | 395.3 |  |  | $ | 340.3 |  |  | $ | 394.6 |  |  | $ | 382.3 |
Term loan (Level 2) | 284.5 |  |  | 286.0 |  |  | 293.0 |  |  | 294.9 |  |  | 317.0 |  |  | 319.5 |
Total | $ | 680.0 |  |  | $ | 649.4 |  |  | $ | 688.3 |  |  | $ | 635.2 |  |  | $ | 711.6 |  |  | $ | 701.8 |

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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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