Derivatives (Tables)

12 Months Ended

Feb. 03, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value and Presentation of Derivative Instruments

The following table summarizes the fair value and presentation of derivative instruments in the consolidated balance sheets:

	Fair value of derivative assets
(in millions)	Balance sheet location	February 3, 2018		January 28, 2017
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	—	$	1.4
Interest rate swaps	Other assets	2.2		0.4
		2.2		1.8
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	—		1.8
Total derivative assets		$	2.2	$	3.6

	Fair value of derivative liabilities
(in millions)	Balance sheet location	February 3, 2018			January 28, 2017
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current liabilities	$	(1.4	)	$	(0.2	)
Commodity contracts	Other current liabilities	(0.1		)	(3.4		)
		(1.5		)	(3.6		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current liabilities	(0.9		)	—
Total derivative liabilities		$	(2.4	)	$	(3.6	)

Summary of Pre-Tax Gains (Losses) Recorded

The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:

(in millions)	February 3, 2018			January 28, 2017
Foreign currency contracts	$	(2.4	)	$	4.1
Commodity contracts	1.4			(2.1		)
Interest rate swaps	2.2			0.4
Gains recorded in AOCI	$	1.2		$	2.4

Summary of Derivative Instruments

The following tables summarize the effect of derivative instruments designated as cash flow hedges in OCI and the consolidated income statements:

Foreign currency contracts

(in millions)	Income statement caption	Fiscal 2018			Fiscal 2017
Gains recorded in AOCI, beginning of period		$	4.1		$	1.4
Current period (losses) gains recognized in OCI		(3.3		)	5.4
Gains reclassified from AOCI to net income	Cost of sales	(3.2		)	(2.7		)
(Losses) gains recorded in AOCI, end of period		$	(2.4	)	$	4.1

Commodity contracts

(in millions)	Income statement caption	Fiscal 2018			Fiscal 2017
Losses recorded in AOCI, beginning of period		$	(2.1	)	$	(3.7	)
Current period gains recognized in OCI		5.2			1.8
Gains reclassified from AOCI to net income	Cost of sales	(1.7		)	(0.2		)
Gains (losses) recorded in AOCI, end of period		$	1.4		$	(2.1	)

Interest rate swaps

(in millions)	Income statement caption	Fiscal 2018		Fiscal 2017
Gains (losses) recorded in AOCI, beginning of period		$	0.4	$	(3.4	)
Current period gains recognized in OCI		1.5		1.6
Losses reclassified from AOCI to net income	Interest expense, net	0.3		2.2
Gains recorded in AOCI, end of period		$	2.2	$	0.4

The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the consolidated income statements:

	Income statement caption	Amount of gains (losses) recognized in net income
(in millions)		Fiscal 2018		Fiscal 2017
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other operating income, net	$	8.4	$	6.3