Deferred Revenue

12 Months Ended

Feb. 03, 2018

Deferred Revenue Disclosure [Abstract]

Deferred Revenue

Deferred revenue

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

(in millions)	February 3, 2018		January 28, 2017
Sterling Jewelers ESP deferred revenue	$	738.0	$	737.4
Zale ESP deferred revenue	178.1		168.2
Voucher promotions and other	41.4		30.3
Total deferred revenue	$	957.5	$	935.9
Disclosed as:
Current liabilities	$	288.6	$	276.9
Non-current liabilities	668.9		659.0
Total deferred revenue	$	957.5	$	935.9

ESP deferred revenue

(in millions)	Fiscal 2018			Fiscal 2017
Sterling Jewelers ESP deferred revenue, beginning of period	$	737.4		$	715.1
Plans sold	269.2			290.8
Revenue recognized	(268.6		)	(268.5		)
Sterling Jewelers ESP deferred revenue, end of period	$	738.0		$	737.4

(in millions)	Fiscal 2018			Fiscal 2017
Zale ESP deferred revenue, beginning of period	$	168.2		$	146.1
Plans sold(1)	140.1			150.1
Revenue recognized	(130.2		)	(128.0		)
Zale ESP deferred revenue, end of period	$	178.1		$	168.2

⁽¹⁾  Includes impact of foreign exchange translation.