Derivatives (Tables)

12 Months Ended

Feb. 02, 2019

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 2, 2019		February 3, 2018
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	0.1	$	—
Commodity contracts	Other current assets	4.3		—
Commodity contracts	Other assets	1.4		—
Interest rate swaps	Other assets	0.6		2.2
		6.4		2.2
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	0.8		—
Total derivative assets		$	7.2	$	2.2

	Fair value of derivative liabilities
(in millions)	Balance sheet location	February 2, 2019			February 3, 2018
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current liabilities	$	(0.2	)	$	(1.4	)
Commodity contracts	Other current liabilities	—			(0.1		)
		(0.2		)	(1.5		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current liabilities	—			(0.9		)
Total derivative liabilities		$	(0.2	)	$	(2.4	)

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 2, 2019		February 3, 2018
Foreign currency contracts	$	0.7	$	(2.4	)
Commodity contracts	4.0		1.4
Interest rate swaps	0.6		2.2
Gains recorded in AOCI	$	5.3	$	1.2

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 2019			Fiscal 2018
Gains (losses) recorded in AOCI, beginning of period		$	(2.4	)	$	4.1
Current period gains (losses) recognized in OCI		2.4			(3.3		)
Losses (gains) reclassified from AOCI to net income	Cost of sales	0.7			(3.2		)
Gains (losses) recorded in AOCI, end of period		$	0.7		$	(2.4	)

Commodity contracts

(in millions)	Income statement caption	Fiscal 2019			Fiscal 2018
Gains (losses) recorded in AOCI, beginning of period		$	1.4		$	(2.1	)
Current period gains recognized in OCI		3.5			5.2
Gains reclassified from AOCI to net income	Cost of sales	(0.9		)	(1.7		)
Gains recorded in AOCI, end of period		$	4.0		$	1.4

Interest rate swaps

(in millions)	Income statement caption	Fiscal 2019			Fiscal 2018
Gains recorded in AOCI, beginning of period		$	2.2		$	0.4
Current period gains recognized in OCI		0.3			1.5
Losses (gains) reclassified from AOCI to net income	Interest expense, net	(1.9		)	0.3
Gains recorded in AOCI, end of period		$	0.6		$	2.2

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 2019			Fiscal 2018
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other operating income, net	$	(14.4	)	$	8.4