Shareholders' equity (Tables)

9 Months Ended

Oct. 30, 2021

Equity [Abstract]

Schedule of Dividends

Dividends declared on the common shares during the 39 weeks ended October 30, 2021 and October 31, 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	0.18		9.5		—		—
Third quarter (1)	0.18		9.5		—		—
Total	$	0.36	$	19.0	$	—	$	—

(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 October 30, 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 third quarter of Fiscal 2022.

Dividends declared on the Preferred Shares during the 39 weeks ended October 30, 2021 and October 31, 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	13.14		8.2		12.66		7.9
Third quarter (1)	13.14		8.2		12.81		8.0
Total	$	39.42	$	24.6	$	37.97	$	23.7

(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 October 30, 2021, January 30, 2021, and October 31, 2020, $8.2 million, $8.1 million, and $8.0 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 third quarter of Fiscal 2022, fourth quarter of Fiscal 2021, and third quarter of Fiscal 2021, respectively.

Class of Treasury Stock

Common shares repurchased during the 39 weeks ended October 30, 2021 and October 31, 2020 were as follows:

			39 weeks ended October 30, 2021					39 weeks ended October 31, 2020
(in millions, except per share amounts	Amount authorized		Shares repurchased	Amount repurchased (1)		Average repurchase price per share (1)		Shares repurchased	Amount repurchased		Average repurchase price per share
2017 Program	$	659.4	0.5	$	41.1	$	88.04	—	$	—	N/A

(1)    Includes amounts paid for commissions.