XML 53 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair value measurements (Tables)
 6 Months Ended
Jul. 30, 2016
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:
 
July 30, 2016
 
January 30, 2016
 
August 1, 2015
(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
$
8.3

 
$
8.3

 
$
—

 
$
8.8

 
$
8.8

 
$
—

 
$
8.9

 
$
8.9

 
$
—

Corporate equity securities
3.6

 
3.6

 
—

 
3.2

 
3.2

 
—

 
3.5

 
3.5

 
—

Foreign currency contracts
2.8

 
—

 
2.8

 
0.8

 
—

 
0.8

 
0.1

 
—

 
0.1

Commodity contracts
4.0

 
—

 
4.0

 
0.6

 
—

 
0.6

 
—

 
—

 
—

US government agency securities
4.3

 
—

 
4.3

 
4.0

 
—

 
4.0

 
0.9

 
—

 
0.9

Corporate bonds and notes
10.8

 
—

 
10.8

 
10.8

 
—

 
10.8

 
9.9

 
—

 
9.9

Total assets
$
33.8

 
$
11.9

 
$
21.9

 
$
28.2

 
$
12.0

 
$
16.2

 
$
23.3

 
$
12.4

 
$
10.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(0.1
)
 
$
—

 
$
(0.1
)
 
$
(0.2
)
 
$
—

 
$
(0.2
)
 
$
(0.3
)
 
$
—

 
$
(0.3
)
Commodity contracts
—

 
—

 
—

 
(0.8
)
 
—

 
(0.8
)
 
(6.9
)
 
—

 
(6.9
)
Interest rate swaps
(3.8
)
 
—

 
(3.8
)
 
(3.4
)
 
—

 
(3.4
)
 
(0.9
)
 
—

 
(0.9
)
Total liabilities
$
(3.9
)
 
$
—

 
$
(3.9
)
 
$
(4.4
)
 
$
—

 
$
(4.4
)
 
$
(8.1
)
 
$
—

 
$
(8.1
)
Schedule of Carrying Values and Estimated Fair Values
The carrying amount and fair value of outstanding debt at July 30, 2016, January 30, 2016 and August 1, 2015 were as follows:
 
July 30, 2016
 
January 30, 2016
 
August 1, 2015
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Long-term debt:
 
 
 
 
 
 
 
 
 
 
 
Senior notes (Level 2)
$
393.3

 
$
403.3

 
$
392.8

 
$
405.9

 
$
392.3

 
$
409.0

Securitization facility (Level 2)
599.5

 
600.0

 
599.6

 
600.0

 
598.8

 
600.0

Term loan (Level 2)
353.6

 
357.5

 
361.3

 
365.0

 
375.8

 
380.0

Capital lease obligations (Level 2)
0.1

 
0.1

 
0.2

 
0.2

 
0.6

 
0.6

 
$
1,346.5

 
$
1,360.9

 
$
1,353.9

 
$
1,371.1

 
$
1,367.5

 
$
1,389.6