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Fair value measurements (Tables)
 9 Months Ended
Oct. 31, 2015
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 31, 2015
 
January 31, 2015
 
November 1, 2014
(in millions)
Carrying Value
 
Quoted prices in
active
markets for
identical assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Carrying Value
 
Quoted prices in
active
markets for
identical assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Carrying Value
 
Quoted prices in
active
markets for
identical assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
Assets:
 
 
 
 
 
 
 
 
 
US Treasury securities
$
8.8

 
$
8.8

 
$
—

 
$
9.6

 
$
9.6

 
$
—

 
$
9.6

 
$
9.6

 
$
—

Corporate equity securities
3.4

 
3.4

 
—

 
3.4

 
3.4

 
—

 
3.3

 
3.3

 
—

Foreign currency contracts
0.1

 
—

 
0.1

 
1.1

 
—

 
1.1

 
0.8

 
—

 
0.8

Commodity contracts
0.4

 
—

 
0.4

 
6.3

 
—

 
6.3

 
—

 
—

 
—

US government agency securities
2.3

 
—

 
2.3

 
1.4

 
—

 
1.4

 
1.3

 
—

 
1.3

Corporate bonds and notes
10.5

 
—

 
10.5

 
10.8

 
—

 
10.8

 
9.3

 
—

 
9.3

Total assets
$
25.5

 
$
12.2

 
$
13.3

 
$
32.6

 
$
13.0

 
$
19.6

 
$
24.3

 
$
12.9

 
$
11.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(0.1
)
 
$
—

 
$
(0.1
)
 
$
—

 
$
—

 
$
—

 
$
(0.3
)
 
$
—

 
$
(0.3
)
Commodity contracts
(1.1
)
 
—

 
(1.1
)
 
—

 
—

 
—

 
(3.6
)
 
—

 
(3.6
)
Interest rate swaps
(2.1
)
 
—

 
(2.1
)
 
—

 
—

 
—

 
—

 
—

 
—

Total liabilities
$
(3.3
)
 
$
—

 
$
(3.3
)
 
$
—

 
$
—

 
$
—

 
$
(3.9
)
 
$
—

 
$
(3.9
)
Schedule of Carrying Values and Estimated Fair Values
The carrying amount and fair value of outstanding debt at October 31, 2015, January 31, 2015 and November 1, 2014 were as follows:
 
October 31, 2015
 
January 31, 2015
 
November 1, 2014
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Outstanding debt:
 
 
 
 
 
 
 
 
 
 
 
Senior notes (Level 2)
$
398.6

 
$
398.5

 
$
398.5

 
$
415.3

 
$
398.4

 
$
410.5

Securitization facility (Level 2)
600.0

 
600.0

 
600.0

 
600.0

 
600.0

 
600.0

Term loan (Level 2)
372.5

 
372.5

 
390.0

 
390.0

 
395.0

 
395.0

Capital lease obligations (Level 2)
0.3

 
0.3

 
1.2

 
1.2

 
1.5

 
1.5

Total outstanding debt
$
1,371.4

 
$
1,371.3

 
$
1,389.7

 
$
1,406.5

 
$
1,394.9

 
$
1,407.0