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Derivatives (Tables) | 3 Months Ended
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Apr. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table summarizes the fair value and presentation of derivative instruments in the condensed consolidated balance sheets:
| Fair value of derivative assets
(in millions) | Balance sheet location |  | April 30, 2022 |  | January 29, 2022 |  | May 1, 2021
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current assets |  | $ | 1.2 |  |  | $ | 0.3 |  |  | $ | 0.1 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current assets |  | — |  |  | — |  |  | 0.1 |
Total derivative assets |  |  | $ | 1.2 |  |  | $ | 0.3 |  |  | $ | 0.2 |
| Fair value of derivative liabilities
(in millions) | Balance sheet location |  | April 30, 2022 |  | January 29, 2022 |  | May 1, 2021
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | $ | — |  |  | $ | — |  |  | $ | (0.3) |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | (2.8) |  |  | (1.3) |  |  | (0.5) |
Total derivative liabilities |  |  | $ | (2.8) |  |  | $ | (1.3) |  |  | $ | (0.8) |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:
(in millions) | April 30, 2022 |  | January 29, 2022 |  | May 1, 2021
Foreign currency contracts | $ | 1.7 |  |  | $ | 0.5 |  |  | $ | (0.6) |
Commodity contracts | — |  |  | — |  |  | (0.4) |
Gains (losses) recorded in AOCI | $ | 1.7 |  |  | $ | 0.5 |  |  | $ | (1.0) |
Derivative Instruments, Gain (Loss) | The following tables summarize the effect of derivative instruments designated as cash flow hedges on OCI and the condensed consolidated statements of operations: Foreign currency contracts
|  |  | 13 weeks ended |  |
(in millions) | Statement of operations caption |  | April 30, 2022 |  | May 1, 2021 |  |  |  |
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | 0.5 |  |  | $ | (0.7) |  |  |  |  |
Current period gains (losses) recognized in OCI |  |  | 1.2 |  |  | — |  |  |  |  |
Losses (gains) reclassified from AOCI to earnings | Cost of sales (1) |  | — |  |  | 0.1 |  |  |  |  |
Gains (losses) recorded in AOCI, end of period |  |  | $ | 1.7 |  |  | $ | (0.6) |  |  |  |  |
Commodity contracts
|  |  | 13 weeks ended |  |
(in millions) | Statement of operations caption |  | April 30, 2022 |  | May 1, 2021 |  |  |  |
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | — |  |  | $ | (0.4) |  |  |  |  |
Current period gains (losses) recognized in OCI |  |  | — |  |  | (0.1) |  |  |  |  |
Losses (gains) reclassified from AOCI to earnings | Cost of sales (1) |  | — |  |  | 0.1 |  |  |  |  |
Gains (losses) recorded in AOCI, end of period |  |  | $ | — |  |  | $ | (0.4) |  |  |  |  |
(1) Refer to the condensed 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 condensed consolidated statements of operations:
|  |  | 13 weeks ended |  |
(in millions) | Statement of operations caption |  | April 30, 2022 |  | May 1, 2021 |  |  |  |
Foreign currency contracts | Other operating income (expense) |  | $ | (4.8) |  |  | $ | 0.9 |  |  |  |  |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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