Fair value measurements (Tables)

3 Months Ended

May 04, 2019

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



	May 4, 2019								February 2, 2019								May 5, 2018
(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	$	7.7		$	7.7	$	—		$	4.7		$	4.7	$	—		$	7.3		$	7.3	$	—
Corporate equity securities	2.6			2.6		—			2.4			2.4		—			4.3			4.3		—
Foreign currency contracts	1.0			—		1.0			0.9			—		0.9			0.4			—		0.4
Commodity contracts	0.9			—		0.9			5.7			—		5.7			0.1			—		0.1
Interest rate swaps	—			—		—			0.6			—		0.6			2.3			—		2.3
US government agency securities	4.0			—		4.0			2.5			—		2.5			4.7			—		4.7
Corporate bonds and notes	6.6			—		6.6			5.2			—		5.2			10.6			—		10.6
Total assets	$	22.8		$	10.3	$	12.5		$	22.0		$	7.1	$	14.9		$	29.7		$	11.6	$	18.1

Liabilities:
Foreign currency contracts	$	(0.1	)	$	—	$	(0.1	)	$	(0.2	)	$	—	$	(0.2	)	$	(1.2	)	$	—	$	(1.2	)
Commodity contracts	(0.5		)	—		(0.5		)	—			—		—			—			—		—
Total liabilities	$	(0.6	)	$	—	$	(0.6	)	$	(0.2	)	$	—	$	(0.2	)	$	(1.2	)	$	—	$	(1.2	)

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