Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2019

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Summary of Fair Value, Fair Value Level and Valuations Techniques and Inputs of Restricted Investments, Derivative Financial Instruments and Long-term Debt

The fair value, fair value level and valuations techniques and inputs of restricted investments, derivative financial instruments and long-term debt were as follows:

				As at						As at						As at
				January 31, 2019						January 31, 2018						February 1, 2017
	Fair value level			Carrying amount			Fair value			Carrying amount			Fair value			Carrying amount			Fair value
Restricted investments (Note 8)		Level 2	[a]		$15.7			$15.7			$17.3			$17.3			$16.1			$16.1
Derivative financial instruments
Forward exchange contracts
Favourable (Note 8)		Level 2	[b]		$3.4			$3.4			$5.5			$5.5			$1.3			$1.3
(Unfavourable)		Level 2	[b]		(6.9	)		(6.9	)		(7.7	)		(7.7	)		(7.8	)		(7.8	)
Inflation rate swap		Level 2	[c]		(2.0	)		(2.0	)		(2.3	)		(2.3	)		(2.2	)		(2.2	)
Total derivative financial instruments		Level 2			$(5.5	)		$(5.5	)		$(4.5	)		$(4.5	)		$(8.7	)		$(8.7	)
Term Facility (Note 16)		Level 1	[d]		$(1,176.9	)		$(1,161.4	)		$(969.9	)		$(965.1	)		$(907.5	)		$(909.8	)
Term Loans (Note 16)		Level 2	[e]		(29.5	)		(28.6	)		(34.3	)		(34.9	)		(32.3	)		(36.5	)

^[a] Valued using discounted cash flows at a discount rate that reflects the current market rate for this type of investments at the end of the reporting period.

^[b] Valued using discounted cash flows. Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of the counterparties for favourable position or the credit risk of the Company for unfavourable positions.

^[c] Valued using discounted cash flows. Future cash flows are estimated based on forward inflation rates (from observable yield curves at the end of the reporting period) and contract inflation rates, discounted at a rate that reflects the credit risk of the Company.

^[d] Valued using quoted bid prices in an active market.

^[e] Valued using discounted cash flows. Cash flows used for valuation are those contractually due and are discounted at a rate that reflects the credit risk of the Company.

Summary of Impact on Consolidated Net Income and Other Comprehensive Income of Variation of Foreign Exchange Rates on Financial Instruments Subject to Foreign Exchange Risks

The table below presents the impact on consolidated net income and consolidated other comprehensive income of a variation of foreign exchange rates on financial instruments subject to foreign exchange risks as at January 31, 2019 and 2018:

	As at January 31, 2019							As at January 31, 2018
Increase (Decrease)	Percentage of Variation [a]		Impact on Net income			Impact on Other comprehensive income		Percentage of Variation [a]		Impact on Net income			Impact on Other comprehensive income
USD / CAD		5%		$ (49.5	) [b]		$—		5%		$ (38.1	) [b]		$—
Euro / CAD		5%		$3.0			$—		5%		$0.8			$—
Other		3%		$3.8			$1.0		3%		$(3.1	)		$(1.2	)

^[a] Based on variations that might exist at the closing dates.

^[b] Mainly from the long-term debt denominated in U.S. dollars.

Summary of Notional Amounts Outstanding Under Foreign Exchange Contracts, Average Contractual Exchange Rates and Settlement Periods of Contracts

The following tables set out the notional amounts outstanding under hedging foreign exchange contracts, the carrying amount, the average contractual exchange rates and the settlement periods of these contracts:

	As at January 31, 2019
												Carrying amount
	Sell currency		Buy currency		Average rate		Notional amount			Canadian equivalent notional amount [a]		Other financial assets		Other financial liabilities
Less than 1 year
		AUD		CAD		0.9352		AUD	48.0		$45.9		$—		$0.9
		GBP		Euro		1.1015		GBP	12.0		20.7		—		0.7
		NOK		Euro		0.1005		NOK	325.0		50.6		—		0.9
		SEK		Euro		0.0950		SEK	601.0		87.3		0.1		1.3

^[a]  Exchange rates as at January 31, 2019 were used to translate notional amounts denominated in foreign currencies into Canadian dollars.

	As at January 31, 2018
												Carrying amount
	Sell currency		Buy currency		Average rate		Notional amount			Canadian equivalent notional amount [a]		Other financial assets		Other financial liabilities
Less than 1 year
		AUD		CAD		0.9755		AUD	44.5		$44.1		$—		$0.6
		NOK		Euro		0.1056		NOK	285.0		45.5		0.9		—
		SEK		Euro		0.1050		SEK	485.0		75.7		2.1		—

^[a]  Exchange rates as at January 31, 2018 were used to translate notional amounts denominated in foreign currencies into Canadian dollars.

The following tables set out the notional amounts outstanding under foreign exchange contracts, the average contractual exchange rates and the settlement periods of these contracts:

	As at January 31, 2019
	Sell currency		Buy currency		Average rate		Notional amount			Canadian equivalent notional amount [a]
Less than 1 year
		AUD		CAD		0.9371		AUD	53.3		$51.0
		CAD		AUD		0.9549		AUD	4.0		3.8
		CAD		Euro		1.5141		Euro	9.7		14.6
		CAD		JPY		0.0120		JPY	23.6		0.3
		CAD		MXN		0.0688		MXN	138.6		9.6
		CAD		USD		1.3218		USD	315.2		414.2
		Euro		CAD		1.5223		Euro	114.2		171.9
		Euro		CHF		0.8784		CHF	0.1		0.1
		Euro		GBP		1.1446		GBP	0.5		0.8
		Euro		NOK		0.1031		NOK	19.2		3.0
		Euro		SEK		0.0968		SEK	55.4		8.0
		GBP		Euro		1.1031		GBP	12.5		21.5
		JPY		CAD		0.0121		JPY	46.0		0.6
		MXN		CAD		0.0687		MXN	62.7		4.3
		NOK		Euro		0.1009		NOK	411.2		64.1
		NZD		CAD		0.9078		NZD	2.0		1.8
		SEK		Euro		0.0956		SEK	804.1		116.8
		USD		CAD		1.3232		USD	127.0		166.9

^[a]  Exchange rates as at January 31, 2019 were used to translate notional amounts denominated in foreign currencies into Canadian dollars.

	As at January 31, 2018
	Sell currency		Buy currency		Average rate		Notional amount			Canadian equivalent notional amount [a]
Less than 1 year
		AUD		CAD		0.9755		AUD	44.5	$	44.1
		BRL		USD		0.3064		BRL	7.5		2.9
		CAD		Euro		1.5354		Euro	0.7		1.1
		CAD		MXN		0.0656		MXN	67.1		4.4
		CAD		USD		1.2477		USD	356.1		437.7
		Euro		CAD		1.5269		Euro	36.2		55.3
		Euro		NOK		0.1044		NOK	27.6		4.4
		Euro		SEK		0.1021		SEK	62.7		9.8
		GBP		CHF		1.3205		GBP	0.3		0.5
		GBP		Euro		1.1426		GBP	0.4		0.7
		JPY		CAD		0.0114		JPY	50.3		0.6
		NOK		Euro		0.1053		NOK	351.2		56.1
		SEK		Euro		0.1040		SEK	703.6		109.8
		USD		CAD		1.2534		USD	102.6		126.1

^[a]  Exchange rates as at January 31, 2018 were used to translate notional amounts denominated in foreign currencies into Canadian dollars.

Summary of Financial Liabilities Instalments Payable When Contractually Due

The following table summarizes the financial liabilities instalments payable when contractually due as at January 31, 2019:

	Less than 1 year		1-3 years		4-5 years		More than 5 years		Total amount
Trade payables and accruals		$1,003.5		$—		$—		$—		$1,003.5
Long-term debt (including interest)		72.9		137.4		139.6		1,206.6		1,556.5
Derivative financial instruments		6.9		—		—		2.0		8.9
Other financial liabilities (including interest)		101.5		0.8		0.5		25.1		127.9
Total		$1,184.8		$138.2		$140.1		$1,233.7		$2,696.8

Summary of Information Considered to be Exposed to Credit Risk

The following table provides further details on receivables for which the Company considers to be exposed to credit risk as at January 31, 2019 and 2018 and February 1, 2017:

	January 31, 2019			January 31, 2018			February 1, 2017
Trade and other receivables	$	388.3		$	328.8		$	325.3
Sales tax and other government receivables		(54.3	)		(42.3	)		(34.5	)
Total exposed to credit risk	$	334.0		$	286.5		$	290.8
Not past due	$	324.6		$	281.1		$	282.7
Past due
Under 60 days		8.8			5.4			7.9
From 60 to 90 days		0.7			0.7			0.9
Over 90 days		3.6			2.7			3.2
Allowance for doubtful accounts		(3.7	)		(3.4	)		(3.9	)
Total exposed to credit risk	$	334.0		$	286.5		$	290.8