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Inventories | 12 Months Ended
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Jan. 29, 2022
Inventory Disclosure [Abstract] |
Inventories | Inventories The following table summarizes the details of the Company’s inventory:
(in millions) | January 29, 2022 |  | January 30, 2021
Raw materials | $ | 75.8 |  |  | $ | 45.3 |
Merchandise inventories | 1,984.6 |  |  | 1,987.2 |
Total inventories | $ | 2,060.4 |  |  | $ | 2,032.5 |
Signet held $533.2 million of consignment inventory at January 29, 2022 (January 30, 2021: $387.4 million), which is not recorded on the consolidated balance sheets. The principal terms of the consignment agreements, which can generally be terminated by either party, are such that Signet can return any or all of the inventory to the relevant suppliers without financial or commercial penalties and the supplier can adjust the inventory prices prior to sale. Inventory reserves
(in millions) | Fiscal 2022 |  | Fiscal 2021 |  | Fiscal 2020
Inventory reserve, beginning of period | $ | 52.9 |  |  | $ | 67.0 |  |  | $ | 95.3 |
Charged to income (1) | 101.8 |  |  | 78.1 |  |  | 80.2 |
Utilization (2) | (107.9) |  |  | (92.2) |  |  | (108.5) |
Inventory reserve, end of period (3) | $ | 46.8 |  |  | $ | 52.9 |  |  | $ | 67.0 |
(1) Includes $1.4 million in Fiscal 2021 and $9.2 million in Fiscal 2020 for inventory charges associated with the Company’s restructuring plan. The charges were primarily associated with discontinued brands and collections within the restructuring - cost of sales line item on the consolidated statements of operations. As the Plan was substantially completed in Fiscal 2021, no additional charges were recorded in Fiscal 2022. See Note 6 for additional information. (2) Includes the impact of foreign exchange translation, as well as $2.2 million in Fiscal 2022, $20.0 million in Fiscal 2021 and $40.0 million in Fiscal 2020 utilized for inventory identified as part of the Company’s restructuring plan. See Note 6 for additional information. (3) Includes $2.2 million in Fiscal 2021 and $20.8 million in Fiscal 2020 for inventory identified as part of the Company’s restructuring plan. See Note 6 for additional information.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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