Derivatives (Tables)

6 Months Ended

Aug. 01, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value and presentation of derivative instruments in the condensed consolidated balance sheets:

	Fair value of derivative assets
(in millions)	Balance sheet location	August 1, 2015		January 31, 2015		August 2, 2014
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	0.1	$	1.0	$	—
Commodity contracts	Other current assets	—		6.3		0.7
		0.1		7.3		0.7
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	—		0.1		0.3
Total derivative assets		$	0.1	$	7.4	$	1.0

	Fair value of derivative liabilities
(in millions)	Balance sheet location	August 1, 2015			January 31, 2015		August 2, 2014
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current liabilities	$	(0.3	)	$	—	$	(1.9	)
Commodity contracts	Other current liabilities	(6.7		)	—		(0.1		)
Commodity contracts	Other liabilities	(0.2		)	—		—
Interest rate swaps	Other liabilities	(0.9		)	—		—
		(8.1		)	—		(2.0		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current liabilities	—			—		—
Total derivative liabilities		$	(8.1	)	$	—	$	(2.0	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:

(in millions)	August 1, 2015			January 31, 2015		August 2, 2014
Foreign currency contracts	$	0.4		$	0.9	$	(3.2	)
Commodity contracts	(8.3		)	5.7		(4.9		)
Interest rate swaps	(0.9		)	—		—
Total	$	(8.8	)	$	6.6	$	(8.1	)

Derivative Instruments, Gain (Loss)

Interest rate swaps

		13 weeks ended					26 weeks ended
(in millions)	Income statement caption	August 1, 2015			August 2, 2014		August 1, 2015			August 2, 2014
(Losses) gains recorded in AOCI, beginning of period		$	(0.6	)	$	—	$	—		$	—
Current period losses recognized in OCI		(1.1		)	—		(2.0		)	—
Losses reclassified from AOCI to net income	Interest expense, net	0.8			—		1.1			—
Losses recorded in AOCI, end of period		$	(0.9	)	$	—	$	(0.9	)	$	—

The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the condensed consolidated income statements:

		Amount of gain (loss) recognized in income
(in millions)	Income statement caption	13 weeks ended				26 weeks ended
Derivatives not designated as hedging instruments:		August 1, 2015		August 2, 2014		August 1, 2015		August 2, 2014
Foreign currency contracts	Other operating income, net	$	0.7	$	—	$	0.4	$	(1.6	)
Total		$	0.7	$	—	$	0.4	$	(1.6	)

The following tables summarize the effect of derivative instruments designated as cash flow hedges in OCI and the condensed consolidated income statements:

Foreign currency contracts

		13 weeks ended						26 weeks ended
(in millions)	Income statement caption	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Gains (losses) recorded in AOCI, beginning of period		$	0.8		$	(3.6	)	$	0.9		$	(2.3	)
Current period losses recognized in OCI		(0.4		)	0.1			(0.6		)	(1.2		)
Losses reclassified from AOCI to net income	Cost of sales	—			0.3			0.1			0.3
Gains (losses) recorded in AOCI, end of period		$	0.4		$	(3.2	)	$	0.4		$	(3.2	)

Commodity contracts

		13 weeks ended						26 weeks ended
(in millions)	Income statement caption	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
(Losses) gains recorded in AOCI, beginning of period		$	(2.0	)	$	(9.4	)	$	5.7		$	(18.8	)
Current period (losses) gains recognized in OCI		(6.6		)	(0.3		)	(14.6		)	1.7
Losses reclassified from AOCI to net income	Cost of sales	0.3			4.8			0.6			12.2
Losses recorded in AOCI, end of period		$	(8.3	)	$	(4.9	)	$	(8.3	)	$	(4.9	)