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Fair value measurement (Tables) | 3 Months Ended
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May 02, 2020
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 2, 2020 |  | February 1, 2020 |  | May 4, 2019
(in millions) | Carrying Value |  | Level 1 |  | Level 2 |  | Carrying Value |  | Level 1 |  | Level 2 |  | Carrying Value |  | Level 1 |  | Level 2
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities | $ | 7.4 |  |  | $ | 7.4 |  |  | $ | — |  |  | $ | 7.2 |  |  | $ | 7.2 |  |  | $ | — |  |  | $ | 7.7 |  |  | $ | 7.7 |  |  | $ | — |
Corporate equity securities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2.6 |  |  | 2.6 |  |  | — |
Foreign currency contracts | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | 1.0 |  |  | — |  |  | 1.0 |
Commodity contracts | — |  |  | — |  |  | — |  |  | 11.8 |  |  | — |  |  | 11.8 |  |  | 0.9 |  |  | — |  |  | 0.9 |
US government agency securities | 4.0 |  |  | — |  |  | 4.0 |  |  | 4.7 |  |  | — |  |  | 4.7 |  |  | 4.0 |  |  | — |  |  | 4.0 |
Corporate bonds and notes | 8.0 |  |  | — |  |  | 8.0 |  |  | 8.5 |  |  | — |  |  | 8.5 |  |  | 6.6 |  |  | — |  |  | 6.6 |
Total assets | $ | 19.5 |  |  | $ | 7.4 |  |  | $ | 12.1 |  |  | $ | 32.8 |  |  | $ | 7.2 |  |  | $ | 25.6 |  |  | $ | 22.8 |  |  | $ | 10.3 |  |  | $ | 12.5 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | $ | (0.3 | ) |  | $ | — |  |  | $ | (0.3 | ) |  | $ | (0.9 | ) |  | $ | — |  |  | $ | (0.9 | ) |  | $ | (0.1 | ) |  | $ | — |  |  | $ | (0.1 | )
Commodity contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Total liabilities | $ | (0.3 | ) |  | $ | — |  |  | $ | (0.3 | ) |  | $ | (0.9 | ) |  | $ | — |  |  | $ | (0.9 | ) |  | $ | (0.6 | ) |  | $ | — |  |  | $ | (0.6 | )
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 2, 2020 |  | February 1, 2020 |  | May 4, 2019
(in millions) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Long-term debt: |  |  |  |  |  |  |  |  |  |  |
Senior notes (Level 2) | $ | 146.5 |  |  | $ | 97.1 |  |  | $ | 146.4 |  |  | $ | 144.8 |  |  | $ | 395.5 |  |  | $ | 363.4 |
Term loans (Level 2) | 99.5 |  |  | 100.0 |  |  | 99.5 |  |  | 100.0 |  |  | 284.5 |  |  | 286.0 |
Total | $ | 246.0 |  |  | $ | 197.1 |  |  | $ | 245.9 |  |  | $ | 244.8 |  |  | $ | 680.0 |  |  | $ | 649.4 |

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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=118260190&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=117815213&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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