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Fair value measurements (Tables) | 6 Months Ended
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Aug. 03, 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:
| August 3, 2019 |  | February 2, 2019 |  | August 4, 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 | $ | 7.8 |  |  | $ | 7.8 |  |  | $ | — |  |  | $ | 4.7 |  |  | $ | 4.7 |  |  | $ | — |  |  | $ | 5.1 |  |  | $ | 5.1 |  |  | $ | — |
Corporate equity securities | 3.2 |  |  | 3.2 |  |  | — |  |  | 2.4 |  |  | 2.4 |  |  | — |  |  | 2.5 |  |  | 2.5 |  |  | — |
Foreign currency contracts | 1.1 |  |  | — |  |  | 1.1 |  |  | 0.9 |  |  | — |  |  | 0.9 |  |  | 1.1 |  |  | — |  |  | 1.1 |
Commodity contracts | 9.9 |  |  | — |  |  | 9.9 |  |  | 5.7 |  |  | — |  |  | 5.7 |  |  | — |  |  | — |  |  | — |
Interest rate swaps | — |  |  | — |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | 1.9 |  |  | — |  |  | 1.9 |
US government agency securities | 5.8 |  |  | — |  |  | 5.8 |  |  | 2.5 |  |  | — |  |  | 2.5 |  |  | 2.9 |  |  | — |  |  | 2.9 |
Corporate bonds and notes | 9.4 |  |  | — |  |  | 9.4 |  |  | 5.2 |  |  | — |  |  | 5.2 |  |  | 5.4 |  |  | — |  |  | 5.4 |
Total assets | $ | 37.2 |  |  | $ | 11.0 |  |  | $ | 26.2 |  |  | $ | 22.0 |  |  | $ | 7.1 |  |  | $ | 14.9 |  |  | $ | 18.9 |  |  | $ | 7.6 |  |  | $ | 11.3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | $ | (1.1 | ) |  | $ | — |  |  | $ | (1.1 | ) |  | $ | (0.2 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | (0.8 | ) |  | $ | — |  |  | $ | (0.8 | )
Commodity contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5.0 | ) |  | — |  |  | (5.0 | )
Total liabilities | $ | (1.1 | ) |  | $ | — |  |  | $ | (1.1 | ) |  | $ | (0.2 | ) |  | $ | — |  |  | $ | (0.2 | ) |  | $ | (5.8 | ) |  | $ | — |  |  | $ | (5.8 | )
Schedule of Carrying Values and Estimated Fair Values | The following table provides a summary of the carrying amount and fair value of outstanding debt:
| August 3, 2019 |  | February 2, 2019 |  | August 4, 2018
(in millions) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Long-term debt: |  |  |  |  |  |  |  |  |  |  |
Senior notes (Level 2) | $ | 395.7 |  |  | $ | 349.2 |  |  | $ | 395.3 |  |  | $ | 340.3 |  |  | $ | 394.9 |  |  | $ | 382.1 |
Term loan (Level 2) | 275.7 |  |  | 277.1 |  |  | 293.0 |  |  | 294.9 |  |  | 310.5 |  |  | 312.8 |
Total | $ | 671.4 |  |  | $ | 626.3 |  |  | $ | 688.3 |  |  | $ | 635.2 |  |  | $ | 705.4 |  |  | $ | 694.9 |

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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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