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Inventories

6 Months Ended

Aug. 03, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table summarizes the Company’s inventory by classification:

(in millions)	August 3, 2019				February 2, 2019				August 4, 2018
Raw materials	$	70.4			$	76.3			$	76.2
Finished goods	2,201.7				2,310.6				2,287.6
Total inventories	$	2,272.1			$	2,386.9			$	2,363.8

During the 13 and 26 weeks ended August 3, 2019, as a part of the “Signet Path to Brilliance” restructuring plan, the Company recorded inventory charges of $4.4 million primarily associated with discontinued brands and collections within the restructuring charges - cost of sales line item on the condensed consolidated income statements. During the 13 and 26 weeks ended August 4, 2018, the Company recorded inventory charges of $63.2 million as part of the “Signet Path to Brilliance” plan. See Note 5 for additional information.

As of August 3, 2019, inventory reserves were $87.6 million (February 2, 2019 and August 4, 2018: $95.3 million and $100.9 million, respectively).

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- References

No definition available.

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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

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