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Derivatives (Tables) | 12 Months Ended
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Jan. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Fair Value and Presentation of Derivative Instruments | The following table summarizes the fair value and presentation of derivative instruments in the consolidated balance sheets:
| Fair value of derivative assets
(in millions) | Balance sheet location |  | January 30, 2021 |  | February 1, 2020
Derivatives designated as hedging instruments: |  |  |  |  |
Commodity contracts | Other current assets |  | $ | — |  |  | $ | 11.8 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency contracts | Other current assets |  | 0.1 |  |  | 0.6 |
Total derivative assets |  |  | $ | 0.1 |  |  | $ | 12.4 |
| Fair value of derivative liabilities
(in millions) | Balance sheet location |  | January 30, 2021 |  | February 1, 2020
Derivatives designated as hedging instruments: |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | $ | (0.3) |  |  | $ | (0.8) |
Commodity contracts | Other current liabilities |  | (0.1) |  |  | — |
|  |  | (0.4) |  |  | (0.8) |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | — |  |  | (0.1) |
Total derivative liabilities |  |  | $ | (0.4) |  |  | $ | (0.9) |
Summary of Pre-Tax Gains (Losses) Recorded | The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:
(in millions) | January 30, 2021 |  | February 1, 2020
Foreign currency contracts | $ | (0.7) |  |  | $ | (1.0) |
Commodity contracts | (0.4) |  |  | 17.7 |
Gains (losses) recorded in AOCI | $ | (1.1) |  |  | $ | 16.7 |
Summary of Derivative Instruments | The following tables summarize the effect of derivative instruments designated as cash flow hedges in OCI and the consolidated statements of operations: Foreign currency contracts
(in millions) | Statement of operations caption |  | Fiscal 2021 |  | Fiscal 2020
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | (1.0) |  |  | $ | 0.7 |
Current period gains (losses) recognized in OCI |  |  | 0.9 |  |  | (0.6) |
(Gains) losses reclassified from AOCI to net income | Cost of sales (1) |  | — |  |  | (1.1) |
Gains from de-designated hedges reclassified from AOCI to net income | Other operating income (loss) (1) |  | (0.6) |  |  | — |
Gains (losses) recorded in AOCI, end of period |  |  | $ | (0.7) |  |  | $ | (1.0) |
Commodity contracts
(in millions) | Statement of operations caption |  | Fiscal 2021 |  | Fiscal 2020
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | 17.7 |  |  | $ | 4.0 |
Current period gains (losses) recognized in OCI |  |  | (1.9) |  |  | 15.4 |
Gains reclassified from AOCI to net income | Cost of sales (1) |  | (6.9) |  |  | (1.7) |
Gains from de-designated hedges reclassified from AOCI to net income | Other operating income (loss) (1) |  | (9.3) |  |  | — |
Gains (losses) recorded in AOCI, end of period |  |  | $ | (0.4) |  |  | $ | 17.7 |
Interest rate swaps
(in millions) | Statement of operations caption |  | Fiscal 2021 |  | Fiscal 2020
Gains recorded in AOCI, beginning of period |  |  | $ | — |  |  | $ | 0.6 |
Current period gains recognized in OCI |  |  | — |  |  | — |
Gains reclassified from AOCI to net income | Interest expense, net (1) |  | — |  |  | (0.6) |
Gains recorded in AOCI, end of period |  |  | $ | — |  |  | $ | — |
(1) Refer to table below for total amounts of financial statement captions impacted by cash flow hedges. Total amounts presented in the consolidated statements of operations
(in millions) | Fiscal 2021 |  | Fiscal 2020
Cost of sales | $ | (3,493.0) |  |  | $ | (3,904.2) |
Other operating income (loss) | 2.4 |  |  | (29.6) |
Interest expense, net | (32.0) |  |  | (35.6) |
The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the consolidated statements of operations:
(in millions) | Statement of operations caption |  | Fiscal 2021 |  | Fiscal 2020
Foreign currency contracts | Other operating income (loss) |  | $ | 2.2 |  |  | $ | (3.1) |

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