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Fair value measurements (Tables)
 3 Months Ended
May 05, 2018
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The methods Signet uses to determine fair value on an instrument-specific basis are detailed below:
 
May 5, 2018
 
February 3, 2018
 
April 29, 2017
(in millions)
Carrying Value
 
Quoted prices in active markets for identical assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Carrying Value
 
Quoted prices in active markets for identical assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Carrying Value
 
Quoted prices in active markets for identical assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
Assets:
 
 
 
 
 
 
 
 
 
US Treasury securities
$
7.3

 
$
7.3

 
$
—

 
$
7.5

 
$
7.5

 
$
—

 
$
7.9

 
$
7.9

 
$
—

Corporate equity securities
4.3

 
4.3

 
—

 
4.5

 
4.5

 
—

 
4.0

 
4.0

 
—

Foreign currency contracts
0.4

 
—

 
0.4

 
—

 
—

 
—

 
0.4

 
—

 
0.4

Commodity contracts
0.1

 
—

 
0.1

 
—

 
—

 
—

 
2.0

 
—

 
2.0

Interest rate swaps
2.3

 
—

 
2.3

 
2.2

 
—

 
2.2

 
0.8

 
—

 
0.8

US government agency securities
4.7

 
—

 
4.7

 
5.1

 
—

 
5.1

 
4.9

 
—

 
4.9

Corporate bonds and notes
10.6

 
—

 
10.6

 
10.8

 
—

 
10.8

 
11.1

 
—

 
11.1

Total assets
$
29.7

 
$
11.6

 
$
18.1

 
$
30.1

 
$
12.0

 
$
18.1

 
$
31.1

 
$
11.9

 
$
19.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(1.2
)
 
$
—

 
$
(1.2
)
 
$
(2.3
)
 
$
—

 
$
(2.3
)
 
$
(1.3
)
 
$
—

 
$
(1.3
)
Commodity contracts
—

 
—

 
—

 
(0.1
)
 
—

 
(0.1
)
 
—

 
—

 
—

Total liabilities
$
(1.2
)
 
$
—

 
$
(1.2
)
 
$
(2.4
)
 
$
—

 
$
(2.4
)
 
$
(1.3
)
 
$
—

 
$
(1.3
)
Schedule of Carrying Values and Estimated Fair Values
The carrying amount and fair value of outstanding debt at May 5, 2018, February 3, 2018 and April 29, 2017 were as follows:
 
May 5, 2018
 
February 3, 2018
 
April 29, 2017
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Long-term debt:
 
 
 
 
 
 
 
 
 
 
 
Senior notes (Level 2)
$
394.6

 
$
382.3

 
$
394.5

 
$
396.3

 
$
393.9

 
$
396.5

Securitization facility (Level 2)
—

 
—

 
—

 
—

 
599.7

 
600.0

Term loan (Level 2)
317.0

 
319.5

 
323.5

 
326.2

 
340.8

 
344.1

Total
$
711.6

 
$
701.8

 
$
718.0

 
$
722.5

 
$
1,334.4

 
$
1,340.6