Shareholders' Equity (Tables)

6 Months Ended

Jul. 30, 2022

Equity [Abstract]

Schedule of Dividends

Dividends declared on the common shares during the 26 weeks ended July 30, 2022 and July 31, 2021 were as follows:

	Fiscal 2023				Fiscal 2022
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter	$	0.20	$	9.3	$	—	$	—
Second quarter (1)	0.20		9.2		0.18		9.5
Total	$	0.40	$	18.5	$	0.18	$	9.5

(1) Signet’s dividend policy results in the common share dividend payment date being a quarter in arrears from the declaration date. As a result, as of July 30, 2022 and July 31, 2021, $9.2 million and $9.5 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on common shares declared for the second quarter of Fiscal 2023 and Fiscal 2022, respectively.

Dividends declared on the Preferred Shares during the 26 weeks ended July 30, 2022 and July 31, 2021 were as follows:

	Fiscal 2023				Fiscal 2022
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter	$	13.14	$	8.2	$	13.14	$	8.2
Second quarter (1)	13.14		8.2		13.14		8.2
Total	$	26.28	$	16.4	$	26.28	$	16.4

(1)    Signet’s dividend policy results in the preferred share dividend payment date being a quarter in arrears from the declaration date. As a result, as of July 30, 2022 and July 31, 2021, $8.2 million and $8.2 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 2023 and Fiscal 2022, respectively.

Class of Treasury Stock

The share repurchase activity during the 26 weeks ended July 30, 2022 and July 31, 2021 was as follows:

	26 weeks ended July 30, 2022					26 weeks ended July 31, 2021
(in millions, except per share amounts	Shares repurchased	Amount repurchased (1)(2)		Average repurchase price per share (2)		Shares repurchased	Amount repurchased		Average repurchase price per share
2017 Program	4.7	$	341.0	$	72.14	—	$	—	N/A

(1)    The amount repurchased in Fiscal 2023 includes $50 million related to the forward purchase contract in the ASR.

(2)    Includes amounts paid for commissions.