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Derivatives (Tables)
 3 Months Ended
Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value and presentation of derivative instruments in the condensed consolidated balance sheets:
 
Fair value of derivative assets
(in millions)
Balance sheet location
 
April 30, 2016
 
January 30, 2016
 
May 2, 2015
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
0.2

 
$
0.8

 
$
0.4

Commodity contracts
Other current assets
 
5.5

 
0.6

 
0.2

 
 
 
5.7

 
1.4

 
0.6

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
0.2

 
—

 
—

Total derivative assets
 
 
$
5.9

 
$
1.4

 
$
0.6

 
Fair value of derivative liabilities
(in millions)
Balance sheet location
 
April 30, 2016
 
January 30, 2016
 
May 2, 2015
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current liabilities
 
$
(0.5
)
 
$
—

 
$
—

Commodity contracts
Other current liabilities
 
—

 
(0.8
)
 
(1.7
)
Interest rate swaps
Other liabilities
 
(3.2
)
 
(3.4
)
 
(0.6
)
 
 
 
(3.7
)
 
(4.2
)
 
(2.3
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current liabilities
 
(0.1
)
 
(0.2
)
 
(0.1
)
Total derivative liabilities
 
 
$
(3.8
)
 
$
(4.4
)
 
$
(2.4
)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:
(in millions)
April 30, 2016
 
January 30, 2016
 
May 2, 2015
Foreign currency contracts
$
0.6

 
$
1.4

 
$
0.8

Commodity contracts
4.4

 
(3.7
)
 
(2.0
)
Interest rate swaps
(3.2
)
 
(3.4
)
 
(0.6
)
Gains (losses) recorded in AOCI
$
1.8

 
$
(5.7
)
 
$
(1.8
)
Derivative Instruments, Gain (Loss)
The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the condensed consolidated income statements:
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
April 30, 2016
 
May 2, 2015
Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
Other operating income, net
 
$
(0.3
)
 
$
(0.3
)
Total
 
 
$
(0.3
)
 
$
(0.3
)
The following tables summarize the effect of derivative instruments designated as cash flow hedges in OCI and the condensed consolidated income statements:
Foreign currency contracts
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
April 30, 2016
 
May 2, 2015
Gains recorded in AOCI, beginning of period
 
 
$
1.4

 
$
0.9

Current period losses recognized in OCI
 
 
(0.6
)
 
(0.2
)
(Gains) losses reclassified from AOCI to net income
Cost of sales
 
(0.2
)
 
0.1

Gains recorded in AOCI, end of period
 
 
$
0.6

 
$
0.8

Commodity contracts
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
April 30, 2016
 
May 2, 2015
(Losses) gains recorded in AOCI, beginning of period
 
 
$
(3.7
)
 
$
5.7

Current period gains (losses) recognized in OCI
 
 
6.9

 
(8.0
)
Losses reclassified from AOCI to net income
Cost of sales
 
1.2

 
0.3

Gains (losses) recorded in AOCI, end of period
 
 
$
4.4

 
$
(2.0
)
Interest rate swaps
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
April 30, 2016
 
May 2, 2015
Losses recorded in AOCI, beginning of period
 
 
$
(3.4
)
 
$
—

Current period losses recognized in OCI
 
 
(0.4
)
 
(0.9
)
Losses reclassified from AOCI to net income
Interest expense, net
 
0.6

 
0.3

Losses recorded in AOCI, end of period
 
 
$
(3.2
)
 
$
(0.6
)