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Fair Value Measurement (Tables)
 12 Months Ended
Feb. 02, 2019
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 2, 2019
 
February 3, 2018
(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
$
4.7

 
$
4.7

 
$
—

 
$
7.5

 
$
7.5

 
$
—

Corporate equity securities
2.4

 
2.4

 
—

 
4.5

 
4.5

 
—

Foreign currency contracts
0.9

 
—

 
0.9

 
—

 
—

 
—

Commodity contracts
5.7

 
—

 
5.7

 
—

 
—

 
—

Interest rate swaps
0.6

 
—

 
0.6

 
2.2

 
—

 
2.2

US government agency securities
2.5

 
—

 
2.5

 
5.1

 
—

 
5.1

Corporate bonds and notes
5.2

 
—

 
5.2

 
10.8

 
—

 
10.8

Total assets
$
22.0

 
$
7.1

 
$
14.9

 
$
30.1

 
$
12.0

 
$
18.1

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(0.2
)
 
$
—

 
$
(0.2
)
 
$
(2.3
)
 
$
—

 
$
(2.3
)
Commodity contracts
—

 
—

 
—

 
(0.1
)
 
—

 
(0.1
)
Total liabilities
$
(0.2
)
 
$
—

 
$
(0.2
)
 
$
(2.4
)
 
$
—

 
$
(2.4
)
Schedule of Carrying Amount and Fair Value of Outstanding Debt
The carrying amount and fair value of outstanding debt at February 2, 2019 and February 3, 2018 were as follows:
 
February 2, 2019
 
February 3, 2018
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Long-term debt
 
 
 
 
 
 
 
Senior notes (Level 2)
$
395.3

 
$
340.3

 
$
394.5

 
$
396.3

Term loan (Level 2)
293.0

 
294.9

 
323.5

 
326.2

Total
$
688.3

 
$
635.2

 
$
718.0

 
$
722.5