Derivatives (Tables)

9 Months Ended

Oct. 31, 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	October 31, 2015		January 31, 2015		November 1, 2014
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	0.1	$	1.0	$	0.4
Commodity contracts	Other current assets	0.3		6.3		—
Commodity contracts	Other assets	0.1		—		—
		0.5		7.3		0.4
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	—		0.1		0.4
Total derivative assets		$	0.5	$	7.4	$	0.8

	Fair value of derivative liabilities
(in millions)	Balance sheet location	October 31, 2015			January 31, 2015		November 1, 2014
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current liabilities	$	(0.1	)	$	—	$	(0.3	)
Commodity contracts	Other current liabilities	(1.1		)	—		(3.6		)
Interest rate swaps	Other liabilities	(2.1		)	—		—
		(3.3		)	—		(3.9		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current liabilities	—			—		—
Total derivative liabilities		$	(3.3	)	$	—	$	(3.9	)

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)	October 31, 2015			January 31, 2015		November 1, 2014
Foreign currency contracts	$	0.5		$	0.9	$	(1.3	)
Commodity contracts	(3.9		)	5.7		(6.8		)
Interest rate swaps	(2.1		)	—		—
Total	$	(5.5	)	$	6.6	$	(8.1	)

Derivative Instruments, Gain (Loss)

Interest rate swaps

		13 weeks ended					39 weeks ended
(in millions)	Statement of operations caption	October 31, 2015			November 1, 2014		October 31, 2015			November 1, 2014
Losses recorded in AOCI, beginning of period		$	(0.9	)	$	—	$	—		$	—
Current period losses recognized in OCI		(2.0		)	—		(4.0		)	—
Losses reclassified from AOCI to net income	Interest expense, net	0.8			—		1.9			—
Losses recorded in AOCI, end of period		$	(2.1	)	$	—	$	(2.1	)	$	—

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

		Amount of gain (loss) recognized in income
(in millions)	Statement of operations caption	13 weeks ended					39 weeks ended
Derivatives not designated as hedging instruments:		October 31, 2015			November 1, 2014		October 31, 2015			November 1, 2014
Foreign currency contracts	Other operating income, net	$	(1.4	)	$	2.0	$	(1.0	)	$	0.4

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

Foreign currency contracts

		13 weeks ended						39 weeks ended
(in millions)	Statement of operations caption	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
Gains (losses) recorded in AOCI, beginning of period		$	0.4		$	(3.2	)	$	0.9		$	(2.3	)
Current period gains (losses) recognized in OCI		0.2			1.6			(0.4		)	0.4
Gains (losses) reclassified from AOCI to net income	Cost of sales	(0.1		)	0.3			—			0.6
Gains (losses) recorded in AOCI, end of period		$	0.5		$	(1.3	)	$	0.5		$	(1.3	)

Commodity contracts

		13 weeks ended						39 weeks ended
(in millions)	Statement of operations caption	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
(Losses) gains recorded in AOCI, beginning of period		$	(8.3	)	$	(4.9	)	$	5.7		$	(18.8	)
Current period gains (losses) recognized in OCI		4.0			(4.3		)	(10.6		)	(2.6		)
Losses reclassified from AOCI to net income	Cost of sales	0.4			2.4			1.0			14.6
Losses recorded in AOCI, end of period		$	(3.9	)	$	(6.8	)	$	(3.9	)	$	(6.8	)