Deferred revenue

6 Months Ended

Jul. 29, 2017

Deferred Revenue Disclosure [Abstract]

Deferred revenue is comprised primarily of ESP and voucher promotions and other as follows:



(in millions)	July 29, 2017		January 28, 2017		July 30, 2016
Sterling Jewelers ESP deferred revenue	$	732.7	$	737.4	$	720.3
Zale ESP deferred revenue	169.5		168.2		156.2
Voucher promotions and other	18.9		30.3		17.9
Total deferred revenue	$	921.1	$	935.9	$	894.4

Disclosed as:
Current liabilities	$	262.3	$	276.9	$	254.5
Non-current liabilities	658.8		659.0		639.9
Total deferred revenue	$	921.1	$	935.9	$	894.4

ESP deferred revenue



	13 weeks ended						26 weeks ended
(in millions)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Sterling Jewelers ESP deferred revenue, beginning of period	$	736.0		$	723.8		$	737.4		$	715.1
Plans sold	63.5			61.6			128.8			137.6
Revenue recognized	(66.8		)	(65.1		)	(133.5		)	(132.4		)
Sterling Jewelers ESP deferred revenue, end of period	$	732.7		$	720.3		$	732.7		$	720.3



	13 weeks ended						26 weeks ended
(in millions)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Zale ESP deferred revenue, beginning of period	$	167.7		$	155.1		$	168.2		$	146.1
Plans sold⁽¹⁾	33.3			31.9			64.6			72.5
Revenue recognized	(31.5		)	(30.8		)	(63.3		)	(62.4		)
Zale ESP deferred revenue, end of period	$	169.5		$	156.2		$	169.5		$	156.2


⁽¹⁾	Includes impact of foreign exchange translation.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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