Fair value measurement (Tables)

9 Months Ended

Oct. 30, 2021

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:

	October 30, 2021						January 30, 2021						October 31, 2020
(in millions)	Carrying Value		Level 1		Level 2		Carrying Value		Level 1		Level 2		Carrying Value		Level 1		Level 2
Assets:
US Treasury securities	$	5.1	$	5.1	$	—	$	5.7	$	5.7	$	—	$	6.3	$	6.3	$	—
Foreign currency contracts	0.1		—		0.1		0.1		—		0.1		—		—		—
US government agency securities	2.0		—		2.0		3.2		—		3.2		3.7		—		3.7
Corporate bonds and notes	5.9		—		5.9		6.5		—		6.5		7.3		—		7.3
Total assets	$	13.1	$	5.1	$	8.0	$	15.5	$	5.7	$	9.8	$	17.3	$	6.3	$	11.0
Liabilities:
Foreign currency contracts	$	(0.5)	$	—	$	(0.5)	$	(0.3)	$	—	$	(0.3)	$	(0.5)	$	—	$	(0.5)
Commodity contracts	—		—		—		(0.1)		—		(0.1)		—		—		—
Total liabilities	$	(0.5)	$	—	$	(0.5)	$	(0.4)	$	—	$	(0.4)	$	(0.5)	$	—	$	(0.5)

Schedule of Carrying Values and Estimated Fair Values

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

	October 30, 2021				January 30, 2021				October 31, 2020
(in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt:
Senior notes (Level 2)	$	147.0	$	151.2	$	146.7	$	145.1	$	146.7	$	130.8
Term loans (Level 2)	—		—		—		—		99.5		100.0
Total	$	147.0	$	151.2	$	146.7	$	145.1	$	246.2	$	230.8