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Fair value measurement (Tables) | 3 Months Ended
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May 04, 2024
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:
| May 4, 2024 |  | February 3, 2024 |  | April 29, 2023
(in millions) | Carrying Value |  | Level 1 |  | Level 2 |  | Carrying Value |  | Level 1 |  | Level 2 |  | Carrying Value |  | Level 1 |  | Level 2
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities | $ | 5.2 |  |  | $ | 5.2 |  |  | $ | — |  |  | $ | 5.3 |  |  | $ | 5.3 |  |  | $ | — |  |  | $ | 5.8 |  |  | $ | 5.8 |  |  | $ | — |
Foreign currency contracts | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.1 |  |  | — |  |  | 0.1 |
US government agency securities | 0.5 |  |  | — |  |  | 0.5 |  |  | 0.5 |  |  | — |  |  | 0.5 |  |  | 0.5 |  |  | — |  |  | 0.5 |
Corporate bonds and notes | 0.5 |  |  | — |  |  | 0.5 |  |  | 2.0 |  |  | — |  |  | 2.0 |  |  | 3.4 |  |  | — |  |  | 3.4 |
Total assets | $ | 6.3 |  |  | $ | 5.2 |  |  | $ | 1.1 |  |  | $ | 7.9 |  |  | $ | 5.3 |  |  | $ | 2.6 |  |  | $ | 9.8 |  |  | $ | 5.8 |  |  | $ | 4.0 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | $ | (0.3) |  |  | $ | — |  |  | $ | (0.3) |  |  | $ | (0.3) |  |  | $ | — |  |  | $ | (0.3) |  |  | $ | (0.7) |  |  | $ | — |  |  | $ | (0.7) |
Total liabilities | $ | (0.3) |  |  | $ | — |  |  | $ | (0.3) |  |  | $ | (0.3) |  |  | $ | — |  |  | $ | (0.3) |  |  | $ | (0.7) |  |  | $ | — |  |  | $ | (0.7) |
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:
| May 4, 2024 |  | February 3, 2024 |  | April 29, 2023
(in millions) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
4.70% Senior unsecured notes due in June 2024 (Level 2) | $ | 147.8 |  |  | $ | 147.4 |  |  | $ | 147.7 |  |  | $ | 146.3 |  |  | $ | 147.5 |  |  | $ | 144.3 |

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- 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 -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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- 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
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