Shareholders' equity (Tables)

6 Months Ended

Jul. 31, 2021

Equity [Abstract]

Schedule of Dividends

Dividends declared on the common shares during the 26 weeks ended July 31, 2021 and August 1, 2020 were as follows:

	Fiscal 2022				Fiscal 2021
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter	$	—	$	—	$	—	$	—
Second quarter (1)	0.18		9.5		—		—
Total	$	0.18	$	9.5	$	—	$	—

(1) Signet’s dividend policy for common shares results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of July 31, 2021, $9.5 million was recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheet reflecting the cash dividends on common shares declared for the second quarter of Fiscal 2022.

Dividends declared on the Preferred Shares during the 26 weeks ended July 31, 2021 and August 1, 2020 were as follows:

	Fiscal 2022				Fiscal 2021
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter	$	13.14	$	8.2	$	12.50	$	7.8
Second quarter (1)	13.14		8.2		12.66		7.9
Total	$	26.28	$	16.4	$	25.16	$	15.7

(1)    Signet’s Preferred Shares dividends result in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of July 31, 2021 and August 1, 2020, $8.2 million and $7.9 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the dividends on the Preferred Shares declared for the second quarter of Fiscal 2022 and Fiscal 2021, respectively.