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Fair Value Measurement (Tables)
 12 Months Ended
Feb. 03, 2018
Fair Value Disclosures [Abstract]  
Methods to Determine Fair Value on Instrument-Specific Basis
The methods Signet uses to determine fair value on an instrument-specific basis are detailed below:
 
February 3, 2018
 
January 28, 2017
(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)
Assets:
 
 
 
 
 
 
 
US Treasury securities
$
7.5

 
$
7.5

 
$
—

 
$
8.1

 
$
8.1

 
$
—

Corporate equity securities
4.5

 
4.5

 
—

 
3.8

 
3.8

 
—

Foreign currency contracts
—

 
—

 
—

 
3.2

 
—

 
3.2

Interest rate swaps
2.2

 
—

 
2.2

 
0.4

 
—

 
0.4

US government agency securities
5.1

 
—

 
5.1

 
4.4

 
—

 
4.4

Corporate bonds and notes
10.8

 
—

 
10.8

 
10.9

 
—

 
10.9

Total assets
$
30.1

 
$
12.0

 
$
18.1

 
$
30.8

 
$
11.9

 
$
18.9

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(2.3
)
 
$
—

 
$
(2.3
)
 
$
(0.2
)
 
$
—

 
$
(0.2
)
Commodity contracts
(0.1
)
 
—

 
(0.1
)
 
(3.4
)
 
—

 
(3.4
)
Total liabilities
$
(2.4
)
 
$
—

 
$
(2.4
)
 
$
(3.6
)
 
$
—

 
$
(3.6
)
Schedule of Carrying Amount and Fair Value of Outstanding Debt
The carrying amount and fair value of outstanding debt at February 3, 2018 and January 28, 2017 were as follows:
 
February 3, 2018
 
January 28, 2017
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Long-term debt
 
 
 
 
 
 
 
Senior notes (Level 2)
$
394.5

 
$
396.3

 
$
393.7

 
$
391.2

Securitization facility (Level 2)
—

 
—

 
599.7

 
600.0

Term loan (Level 2)
323.5

 
326.2

 
345.1

 
348.6

Total
$
718.0

 
$
722.5

 
$
1,338.5

 
$
1,339.8