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Shareholders' equity (Tables)

3 Months Ended

Apr. 29, 2023

Equity [Abstract]

Schedule of Dividends

Dividends declared on the common shares during the 13 weeks ended April 29, 2023 and April 30, 2022 were as follows:

			Fiscal 2024												Fiscal 2023
(in millions, except per share amounts)			Dividends per share						Total dividends						Dividends per share						Total dividends
First quarter (1)			$	0.23					$	10.4					$	0.20					$	9.3

(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of April 29, 2023 and April 30, 2022, there was $10.4 million and $9.3 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the first quarter of Fiscal 2024 and Fiscal 2023, respectively.

Dividends declared on the Preferred Shares during the 13 weeks ended April 29, 2023 and April 30, 2022 were as follows:

			Fiscal 2024												Fiscal 2023
(in millions, except per share amounts)			Dividends per share						Total dividends						Dividends per share						Total dividends
First quarter (1)			$	13.14					$	8.2					$	13.14					$	8.2

(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of April 29, 2023 and April 30, 2022, there was $8.2 million and $8.2 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on the Preferred Shares declared for the first quarter of Fiscal 2024 and Fiscal 2023, respectively.

Schedule of Class of Treasury Stock

The share repurchase activity during the 13 weeks ended April 29, 2023 and April 30, 2022 was as follows:

									13 weeks ended April 29, 2023																		13 weeks ended April 30, 2022
(in millions, except per share amounts									Shares repurchased						Amount repurchased (2)						Average repurchase price per share (2)						Shares repurchased						Amount repurchased (1)(2)						Average repurchase price per share(2)
2017 Program									0.5						$	39.1					$	74.95					4.3						$	318.2					$	73.42

(1)    The amount repurchased in Fiscal 2023 includes $50 million related to the forward purchase contract in the ASR.

(2)    Includes amounts paid for commissions.

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Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
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