XML 117 R44.htm IDEA: XBRL DOCUMENT v3.20.1
Restructuring plans (Tables)
12 Months Ended
Feb. 01, 2020
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
Restructuring charges and other Plan related costs are classified in the consolidated statements of operations as follows:
(in millions)
Statement of operations location
 
Fiscal 2020
 
Fiscal 2019
Inventory charges(1)
Restructuring charges - cost of sales
 
$
9.2

 
$
62.2

Other Plan related expenses(2)
Restructuring charges
 
69.9

 
63.7

Total Signet Path to Brilliance Plan expenses
 
 
$
79.1

 
$
125.9

(1) 
Inventory charges represent non-cash charges. See Note 15 for additional information related to inventory and inventory reserves.
(2) 
Fiscal 2020 and Fiscal 2019 other Plan related expenses included $16.7 million and $22.7 million of non-cash charges, respectively.

The composition of restructuring charges the Company incurred during Fiscal 2020 and Fiscal 2019, as well as the cumulative amount incurred through February 1, 2020, were as follows:
(in millions)
 
Fiscal 2020
 
Fiscal 2019
 
Cumulative amount
Inventory charges
 
$
9.2

 
$
62.2

 
$
71.4

Termination benefits
 
16.1

 
9.7

 
25.8

Store closure and other costs
 
53.8

 
54.0

 
107.8

Total Signet Path to Brilliance Plan expenses
 
$
79.1

 
$
125.9

 
$
205.0



Schedule of Plan Liabilities
The following table summarizes the activity related to the Plan liabilities for Fiscal 2020 and Fiscal 2019:
(in millions)
 
Termination benefits
 
Store closure and other costs
 
Consolidated
Balance at February 3, 2018
 
$

 
$

 
$

Payments and other adjustments
 
(9.7
)
 
(103.6
)
 
(113.3
)
Charged to expense
 
9.7

 
116.2

 
125.9

Balance at February 2, 2019
 

 
12.6

 
12.6

Payments and other adjustments
 
(14.1
)
 
(65.2
)
 
(79.3
)
Charged to expense
 
16.1

 
63.0

 
79.1

Balance at February 1, 2020
 
$
2.0

 
$
10.4

 
$
12.4