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Derivatives (Tables)
 3 Months Ended
Apr. 29, 2017
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 29, 2017
 
January 28, 2017
 
April 30, 2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
0.4

 
$
1.4

 
$
0.2

Commodity contracts
Other current assets
 
2.0

 
—

 
5.5

Interest rate swaps
Other assets
 
0.8

 
0.4

 
—

 
 
 
$
3.2

 
$
1.8

 
$
5.7

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

 
1.8

 
0.2

Total derivative assets
 
 
$
3.2

 
$
3.6

 
$
5.9

 
Fair value of derivative liabilities
(in millions)
Balance sheet location
 
April 29, 2017
 
January 28, 2017
 
April 30, 2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current liabilities
 
$
(0.8
)
 
$
(0.2
)
 
$
(0.5
)
Commodity contracts
Other current liabilities
 
—

 
(3.4
)
 
—

Interest rate swaps
Other liabilities
 
—

 
—

 
(3.2
)
 
 
 
(0.8
)
 
(3.6
)
 
(3.7
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency contracts
Other current liabilities
 
(0.5
)
 
—

 
(0.1
)
Total derivative liabilities
 
 
$
(1.3
)
 
$
(3.6
)
 
$
(3.8
)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the pre-tax gains recorded in AOCI for derivatives designated in cash flow hedging relationships:
(in millions)
April 29, 2017
 
January 28, 2017
 
April 30, 2016
Foreign currency contracts
$
2.1

 
$
4.1

 
$
0.6

Commodity contracts
2.1

 
(2.1
)
 
4.4

Interest rate swaps
0.8

 
0.4

 
(3.2
)
Gains recorded in AOCI
$
5.0

 
$
2.4

 
$
1.8
Derivative Instruments, Gain (Loss)
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 29, 2017
 
April 30, 2016
Gains recorded in AOCI, beginning of period
 
 
$
4.1

 
$
1.4

Current period losses recognized in OCI
 
 
(1.0
)
 
(0.6
)
Gains reclassified from AOCI to net income
Cost of sales
 
(1.0
)
 
(0.2
)
Gains recorded in AOCI, end of period
 
 
$
2.1

 
$
0.6

Commodity contracts
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
April 29, 2017
 
April 30, 2016
Losses recorded in AOCI, beginning of period
 
 
$
(2.1
)
 
$
(3.7
)
Current period gains recognized in OCI
 
 
5.4

 
6.9

(Gains) losses reclassified from AOCI to net income
Cost of sales
 
(1.2
)
 
1.2

Gains recorded in AOCI, end of period
 
 
$
2.1

 
$
4.4

Interest rate swaps
 
 
 
13 weeks ended
(in millions)
Income statement caption
 
April 29, 2017
 
April 30, 2016
Gains (losses) recorded in AOCI, beginning of period
 
 
$
0.4

 
$
(3.4
)
Current period gains (losses) recognized in OCI
 
 
0.1

 
(0.4
)
Losses reclassified from AOCI to net income
Interest expense, net
 
0.3

 
0.6

Gains (losses) recorded in AOCI, end of period
 
 
$
0.8

 
$
(3.2
)
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 29, 2017
 
April 30, 2016
Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
Other operating income, net
 
$
(1.7
)
 
$
(0.3
)