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Fair value measurement (Tables)
 3 Months Ended
May 02, 2020
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 2, 2020
 
February 1, 2020
 
May 4, 2019
(in millions)
Carrying Value
 
Level 1
 
Level 2
 
Carrying Value
 
Level 1
 
Level 2
 
Carrying Value
 
Level 1
 
Level 2
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
US Treasury securities
$
7.4

 
$
7.4

 
$
—

 
$
7.2

 
$
7.2

 
$
—

 
$
7.7

 
$
7.7

 
$
—

Corporate equity securities
—

 
—

 
—

 
—

 
—

 
—

 
2.6

 
2.6

 
—

Foreign currency contracts
0.1

 
—

 
0.1

 
0.6

 
—

 
0.6

 
1.0

 
—

 
1.0

Commodity contracts
—

 
—

 
—

 
11.8

 
—

 
11.8

 
0.9

 
—

 
0.9

US government agency securities
4.0

 
—

 
4.0

 
4.7

 
—

 
4.7

 
4.0

 
—

 
4.0

Corporate bonds and notes
8.0

 
—

 
8.0

 
8.5

 
—

 
8.5

 
6.6

 
—

 
6.6

Total assets
$
19.5

 
$
7.4

 
$
12.1

 
$
32.8

 
$
7.2

 
$
25.6

 
$
22.8

 
$
10.3

 
$
12.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(0.3
)
 
$
—

 
$
(0.3
)
 
$
(0.9
)
 
$
—

 
$
(0.9
)
 
$
(0.1
)
 
$
—

 
$
(0.1
)
Commodity contracts
—

 
—

 
—

 
—

 
—

 
—

 
(0.5
)
 
—

 
(0.5
)
Total liabilities
$
(0.3
)
 
$
—

 
$
(0.3
)
 
$
(0.9
)
 
$
—

 
$
(0.9
)
 
$
(0.6
)
 
$
—

 
$
(0.6
)
Schedule of Carrying Values and Estimated Fair Values The following table provides a summary of the carrying amount and fair value of outstanding debt:
 
May 2, 2020
 
February 1, 2020
 
May 4, 2019
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Long-term debt:
 
 
 
 
 
 
 
 
 
 
 
Senior notes (Level 2)
$
146.5

 
$
97.1

 
$
146.4

 
$
144.8

 
$
395.5

 
$
363.4

Term loans (Level 2)
99.5

 
100.0

 
99.5

 
100.0

 
284.5

 
286.0

Total
$
246.0

 
$
197.1

 
$
245.9

 
$
244.8

 
$
680.0

 
$
649.4