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Derivatives (Tables)
 3 Months Ended
May 05, 2018
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
 
May 5, 2018
 
February 3, 2018
 
April 29, 2017
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
0.4

 
$
—

 
$
0.4

Commodity contracts
Other current assets
 
0.1

 
—

 
2.0

Interest rate swaps
Other assets
 
2.3

 
2.2

 
0.8

Total derivative assets
 
 
$
2.8

 
$
2.2

 
$
3.2

 
Fair value of derivative liabilities
(in millions)
Balance sheet location
 
May 5, 2018
 
February 3, 2018
 
April 29, 2017
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current liabilities
 
$
(0.2
)
 
$
(1.4
)
 
$
(0.8
)
Commodity contracts
Other current liabilities
 
—

 
(0.1
)
 
—

 
 
 
$
(0.2
)
 
$
(1.5
)
 
$
(0.8
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current liabilities
 
(1.0
)
 
(0.9
)
 
(0.5
)
Total derivative liabilities
 
 
$
(1.2
)
 
$
(2.4
)
 
$
(1.3
)
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)
May 5, 2018
 
February 3, 2018
 
April 29, 2017
Foreign currency contracts
$
(0.8
)
 
$
(2.4
)
 
$
2.1

Commodity contracts
1.1

 
1.4

 
2.1

Interest rate swaps
2.3

 
2.2

 
0.8

Gains recorded in AOCI
$
2.6

 
$
1.2

 
$
5.0
Derivative Instruments, Gain (Loss)
The following tables summarize the effect of derivative instruments designated as cash flow hedges in OCI and the condensed consolidated income statements:
Foreign currency contracts
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
May 5, 2018
 
April 29, 2017
(Losses) gains recorded in AOCI, beginning of period
 
 
$
(2.4
)
 
$
4.1

Current period gains (losses) recognized in OCI
 
 
1.3

 
(1.0
)
Losses (gains) reclassified from AOCI to net income
Cost of sales
 
0.3

 
(1.0
)
(Losses) gains recorded in AOCI, end of period
 
 
$
(0.8
)
 
$
2.1

Commodity contracts
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
May 5, 2018
 
April 29, 2017
Gains (losses) recorded in AOCI, beginning of period
 
 
$
1.4

 
$
(2.1
)
Current period gains recognized in OCI
 
 
0.2

 
5.4

Gains reclassified from AOCI to net income
Cost of sales
 
(0.5
)
 
(1.2
)
Gains recorded in AOCI, end of period
 
 
$
1.1

 
$
2.1

Interest rate swaps
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
May 5, 2018
 
April 29, 2017
Gains recorded in AOCI, beginning of period
 
 
$
2.2

 
$
0.4

Current period gains recognized in OCI
 
 
0.4

 
0.1

(Gains) losses reclassified from AOCI to net income
Interest expense, net
 
(0.3
)
 
0.3

Gains recorded in AOCI, end of period
 
 
$
2.3

 
$
0.8

The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the condensed consolidated income statements:
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
May 5, 2018
 
April 29, 2017
Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
Other operating income, 
net
 
$
(4.8
)
 
$
(1.7
)