Restructuring plans (Tables)

12 Months Ended

Jan. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

Restructuring charges and other Plan related costs are classified in the consolidated statements of operations as follows:

(in millions)	Statement of operations location	Fiscal 2021		Fiscal 2020		Fiscal 2019
Inventory charges(1)	Restructuring charges - cost of sales	$	1.4	$	9.2	$	62.2
Other Plan related expenses(2)	Restructuring charges	46.2		69.9		63.7
Total Signet Path to Brilliance Plan expenses		$	47.6	$	79.1	$	125.9

(1)    Inventory charges represent non-cash charges. See Note 14 for additional information related to inventory and inventory reserves.

(2)    Fiscal 2021, Fiscal 2020, and Fiscal 2019 other Plan related expenses included $14.7 million, $16.7 million, and $22.7 million of non-cash charges, respectively.

The composition of restructuring charges the Company incurred during Fiscal 2021, Fiscal 2020 and Fiscal 2019, as well as the cumulative amount incurred through January 30, 2021, were as follows:

(in millions)	Fiscal 2021		Fiscal 2020		Fiscal 2019		Cumulative amount
Inventory charges	$	1.4	$	9.2	$	62.2	$	72.8
Termination benefits	24.1		16.1		9.7		49.9
Store closure and other costs	22.1		53.8		54.0		129.9
Total Signet Path to Brilliance Plan expenses	$	47.6	$	79.1	$	125.9	$	252.6

Schedule of Plan Liabilities

The following table summarizes the activity related to the Plan liabilities between periods:

(in millions)	Termination benefits		Store closure and other costs		Consolidated
Balance at February 3, 2018	$	—	$	—	$	—
Payments and other adjustments	(9.7)		(103.6)		(113.3)
Charged to expense	9.7		116.2		125.9
Balance at February 2, 2019	—		12.6		12.6
Payments and other adjustments	(14.1)		(65.2)		(79.3)
Charged to expense	16.1		63.0		79.1
Balance at February 1, 2020	2.0		10.4		12.4
Payments and other adjustments	(24.0)		(25.8)		(49.8)
Charged to expense	24.1		23.5		47.6
Balance at January 30, 2021	$	2.1	$	8.1	$	10.2