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Derivatives (Tables) | 6 Months Ended
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Jul. 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 |  | July 30, 2022 |  | January 29, 2022 |  | July 31, 2021
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current assets |  | $ | 1.0 |  |  | $ | 0.3 |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current assets |  | 0.9 |  |  | — |  |  | 0.9 |
Total derivative assets |  |  | $ | 1.9 |  |  | $ | 0.3 |  |  | $ | 0.9 |
| Fair value of derivative liabilities
(in millions) | Balance sheet location |  | July 30, 2022 |  | January 29, 2022 |  | July 31, 2021
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | $ | — |  |  | $ | — |  |  | $ | (0.2) |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency contracts | Other current liabilities |  | — |  |  | (1.3) |  |  | — |
Total derivative liabilities |  |  | $ | — |  |  | $ | (1.3) |  |  | $ | (0.2) |
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) | July 30, 2022 |  | January 29, 2022 |  | July 31, 2021
Foreign currency contracts | $ | 2.0 |  |  | $ | 0.5 |  |  | $ | (0.6) |
Commodity contracts | — |  |  | — |  |  | (0.2) |
Gains (losses) recorded in AOCI | $ | 2.0 |  |  | $ | 0.5 |  |  | $ | (0.8) |
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 |  | 26 weeks ended
(in millions) | Statement of operations caption |  | July 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | 1.7 |  |  | $ | (0.6) |  |  | $ | 0.5 |  |  | $ | (0.7) |
Current period gains (losses) recognized in OCI |  |  | 0.6 |  |  | (0.2) |  |  | 1.8 |  |  | (0.2) |
Losses (gains) reclassified from AOCI to earnings | Cost of sales (1) |  | (0.3) |  |  | 0.2 |  |  | (0.3) |  |  | 0.3 |
Gains (losses) recorded in AOCI, end of period |  |  | $ | 2.0 |  |  | $ | (0.6) |  |  | $ | 2.0 |  |  | $ | (0.6) |
Commodity contracts
|  |  | 13 weeks ended |  | 26 weeks ended
(in millions) | Statement of operations caption |  | July 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
Gains (losses) recorded in AOCI, beginning of period |  |  | $ | — |  |  | $ | (0.4) |  |  | $ | — |  |  | $ | (0.4) |
Current period gains (losses) recognized in OCI |  |  | — |  |  | 0.1 |  |  | — |  |  | — |
Losses (gains) reclassified from AOCI to earnings | Cost of sales (1) |  | — |  |  | 0.1 |  |  | — |  |  | 0.2 |
Gains (losses) recorded in AOCI, end of period |  |  | $ | — |  |  | $ | (0.2) |  |  | $ | — |  |  | $ | (0.2) |
(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 |  | 26 weeks ended
(in millions) | Statement of operations caption |  | July 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
Foreign currency contracts | Other operating income (expense) |  | $ | (2.4) |  |  | $ | — |  |  | $ | (7.2) |  |  | $ | 0.9 |

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