XML 57 R45.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurement (Tables)
3 Months Ended
Apr. 30, 2022
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:
April 30, 2022January 29, 2022May 1, 2021
(in millions)Carrying ValueLevel 1Level 2Carrying ValueLevel 1Level 2Carrying ValueLevel 1Level 2
Assets:
US Treasury securities
$4.4 $4.4 $ $4.5 $4.5 $— $5.1 $5.1 $— 
Foreign currency contracts
1.2  1.2 0.3 — 0.3 0.2 — 0.2 
US government agency securities
2.0  2.0 2.0 — 2.0 3.1 — 3.1 
Corporate bonds and notes
5.2  5.2 5.8 — 5.8 6.2 — 6.2 
Total assets
$12.8 $4.4 $8.4 $12.6 $4.5 $8.1 $14.6 $5.1 $9.5 
Liabilities:
Foreign currency contracts
$(2.8)$ $(2.8)$(1.3)$— $(1.3)$(0.8)$— $(0.8)
Total liabilities$(2.8)$ $(2.8)$(1.3)$— $(1.3)$(0.8)$— $(0.8)
Schedule of Carrying Values and Estimated Fair Values The following table provides a summary of the carrying amount and fair value of outstanding debt:
April 30, 2022January 29, 2022May 1, 2021
(in millions) Carrying
Value
Fair ValueCarrying
Value
Fair ValueCarrying
Value
Fair Value
Long-term debt:
Senior notes (Level 2)
$147.1 $147.2 $147.1 $150.0 $146.8 $150.8