XML 53 R42.htm IDEA: XBRL DOCUMENT v3.23.1

Fair value measurement (Tables)

3 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Schedule of Methods to Determine Fair Value on Instrument-Specific Basis

The methods Signet uses to determine fair value on an instrument-specific basis are detailed below:

			April 29, 2023																		January 28, 2023																		April 30, 2022
(in millions)			Carrying Value						Level 1						Level 2						Carrying Value						Level 1						Level 2						Carrying Value						Level 1						Level 2
Assets:
US Treasury securities			$	5.8					$	5.8					$	—					$	5.7					$	5.7					$	—					$	4.4					$	4.4					$	—
Foreign currency contracts			0.1						—						0.1						0.1						—						0.1						1.2						—						1.2
US government agency securities			0.5						—						0.5						0.5						—						0.5						2.0						—						2.0
Corporate bonds and notes			3.4						—						3.4						3.4						—						3.4						5.2						—						5.2
Total assets			$	9.8					$	5.8					$	4.0					$	9.7					$	5.7					$	4.0					$	12.8					$	4.4					$	8.4
Liabilities:
Foreign currency contracts			$	(0.7)					$	—					$	(0.7)					$	(0.7)					$	—					$	(0.7)					$	(2.8)					$	—					$	(2.8)
Total liabilities			$	(0.7)					$	—					$	(0.7)					$	(0.7)					$	—					$	(0.7)					$	(2.8)					$	—					$	(2.8)

Schedule of Carrying Amount and Fair Value of Outstanding Debt

The following table provides a summary of the carrying amount and fair value of outstanding debt:

			April 29, 2023												January 28, 2023												April 30, 2022
(in millions)			Carrying Value						Fair Value						Carrying Value						Fair Value						Carrying Value						Fair Value
Long-term debt:
Senior notes (Level 2)			$	147.5					$	144.3					$	147.4					$	144.9					$	147.1					$	147.2

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration