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Derivatives (Tables) | 12 Months Ended
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Jan. 29, 2022
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 29, 2022 |  | January 30, 2021
Derivatives designated as hedging instruments: |  |  |  |  |
Foreign currency contracts | Other current assets |  | $ | 0.3 |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency contracts | Other current assets |  | — |  |  | 0.1 |
Total derivative assets |  |  | $ | 0.3 |  |  | $ | 0.1 |
| Fair value of derivative liabilities
(in millions) | Balance sheet location |  | January 29, 2022 |  | January 30, 2021
Derivatives designated as hedging instruments: |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | $ | — |  |  | $ | (0.3) |
Commodity contracts | Other current liabilities |  | — |  |  | (0.1) |
|  |  | — |  |  | (0.4) |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | (1.3) |  |  | — |
Total derivative liabilities |  |  | $ | (1.3) |  |  | $ | (0.4) |
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 29, 2022 |  | January 30, 2021
Foreign currency contracts | $ | 0.5 |  |  | $ | (0.7) |
Commodity contracts | — |  |  | (0.4) |
Gains (losses) recorded in AOCI | $ | 0.5 |  |  | $ | (1.1) |
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 2022 |  | Fiscal 2021
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | (0.7) |  |  | $ | (1.0) |
Current period gains recognized in OCI |  |  | 0.6 |  |  | 0.9 |
(Gains) losses reclassified from AOCI to net income | Cost of sales (1) |  | 0.6 |  |  | — |
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 |  |  | $ | 0.5 |  |  | $ | (0.7) |
Commodity contracts
(in millions) | Statement of operations caption |  | Fiscal 2022 |  | Fiscal 2021
Losses (gains) recorded in AOCI, beginning of period |  |  | $ | (0.4) |  |  | $ | 17.7 |
Current period losses recognized in OCI |  |  | — |  |  | (1.9) |
(Gains) losses reclassified from AOCI to net income | Cost of sales (1) |  | 0.4 |  |  | (6.9) |
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) |
(1) Refer to the consolidated statements of operations for total amounts of each financial statement caption impacted by cash flow hedges. 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 2022 |  | Fiscal 2021
Foreign currency contracts | Other operating income (loss) |  | $ | (3.1) |  |  | $ | 2.2 |

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