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Fair value measurement (Tables)
 12 Months Ended
Feb. 01, 2020
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 1, 2020
 
February 2, 2019
(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
$
7.2

 
$
7.2

 
$
—

 
$
4.7

 
$
4.7

 
$
—

Corporate equity securities
—

 
—

 
—

 
2.4

 
2.4

 
—

Foreign currency contracts
0.6

 
—

 
0.6

 
0.9

 
—

 
0.9

Commodity contracts
11.8

 
—

 
11.8

 
5.7

 
—

 
5.7

Interest rate swaps
—

 
—

 
—

 
0.6

 
—

 
0.6

US government agency securities
4.7

 
—

 
4.7

 
2.5

 
—

 
2.5

Corporate bonds and notes
8.5

 
—

 
8.5

 
5.2

 
—

 
5.2

Total assets
$
32.8

 
$
7.2

 
$
25.6

 
$
22.0

 
$
7.1

 
$
14.9

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(0.9
)
 
$
—

 
$
(0.9
)
 
$
(0.2
)
 
$
—

 
$
(0.2
)
Total liabilities
$
(0.9
)
 
$
—

 
$
(0.9
)
 
$
(0.2
)
 
$
—

 
$
(0.2
)
Schedule of Carrying Amount and Fair Value of Outstanding Debt The following table provides a summary of the carrying amount and fair value of outstanding debt:
 
February 1, 2020
 
February 2, 2019
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Long-term debt
 
 
 
 
 
 
 
Senior Notes (Level 2)
$
146.4

 
$
144.8

 
$
395.3

 
$
340.3

Term loans (Level 2)
99.5

 
100.0

 
293.0

 
294.9

Total
$
245.9

 
$
244.8

 
$
688.3

 
$
635.2