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Fair value measurement (Tables)

6 Months Ended

Jul. 31, 2021

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:

			July 31, 2021																		January 30, 2021																		August 1, 2020
(in millions)			Carrying Value						Level 1						Level 2						Carrying Value						Level 1						Level 2						Carrying Value						Level 1						Level 2
Assets:
US Treasury securities			$	5.1					$	5.1					$	—					$	5.7					$	5.7					$	—					$	6.4					$	6.4					$	—
Foreign currency contracts			0.9						—						0.9						0.1						—						0.1						2.3						—						2.3
US government agency securities			2.0						—						2.0						3.2						—						3.2						3.7						—						3.7
Corporate bonds and notes			6.2						—						6.2						6.5						—						6.5						7.6						—						7.6
Total assets			$	14.2					$	5.1					$	9.1					$	15.5					$	5.7					$	9.8					$	20.0					$	6.4					$	13.6
Liabilities:
Foreign currency contracts			$	(0.2)					$	—					$	(0.2)					$	(0.3)					$	—					$	(0.3)					$	—					$	—					$	—
Commodity contracts			—						—						—						(0.1)						—						(0.1)						—						—						—
Total liabilities			$	(0.2)					$	—					$	(0.2)					$	(0.4)					$	—					$	(0.4)					$	—					$	—					$	—

Schedule of Carrying Values and Estimated Fair Values

The following table provides a summary of the carrying amount and fair value of outstanding debt:

			July 31, 2021												January 30, 2021												August 1, 2020
(in millions)			Carrying Value						Fair Value						Carrying Value						Fair Value						Carrying Value						Fair Value
Long-term debt:
Senior notes (Level 2)			$	146.9					$	152.7					$	146.7					$	145.1					$	146.6					$	107.2
Term loans (Level 2)			—						—						—						—						99.5						100.0
Total			$	146.9					$	152.7					$	146.7					$	145.1					$	246.1					$	207.2

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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=123594938&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=123874694&loc=d3e19207-110258

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X

- 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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