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Fair Value Measurement (Tables)
 12 Months Ended
Jan. 30, 2016
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:
 
January 30, 2016
 
January 31, 2015
(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
$
8.8

 
$
8.8

 
$
—

 
$
9.6

 
$
9.6

 
$
—

Corporate equity securities
3.2

 
3.2

 
—

 
3.4

 
3.4

 
—

Foreign currency contracts
0.8

 
—

 
0.8

 
1.1

 
—

 
1.1

Commodity contracts
0.6

 
—

 
0.6

 
6.3

 
—

 
6.3

US government agency securities
4.0

 
—

 
4.0

 
1.4

 
—

 
1.4

Corporate bonds and notes
10.8

 
—

 
10.8

 
10.8

 
—

 
10.8

Total Assets
$
28.2

 
$
12.0

 
$
16.2

 
$
32.6

 
$
13.0

 
$
19.6

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$
(0.2
)
 
$
—

 
$
(0.2
)
 
$
—

 
$
—

 
$
—

Commodity contracts
(0.8
)
 
—

 
(0.8
)
 
—

 
—

 
—

Interest rate swaps
(3.4
)
 
—

 
(3.4
)
 
—

 
—

 
—

Total Liabilities
$
(4.4
)
 
$
—

 
$
(4.4
)
 
$
—

 
$
—

 
$
—
Schedule of Carrying Amount and Fair Value of Outstanding Debt
The carrying amount and fair value of outstanding debt at January 30, 2016 and January 31, 2015 were as follows:
 
Fiscal 2016
 
Fiscal 2015
(in millions)
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Outstanding debt:
 
 
 
 
 
 
 
Senior notes (Level 2)
$
398.6

 
$
405.9

 
$
398.5

 
$
415.3

Securitization facility (Level 2)
600.0

 
600.0

 
600.0

 
600.0

Term loan (Level 2)
365.0

 
365.0

 
390.0

 
390.0

Capital lease obligations (Level 2)
0.2

 
0.2

 
1.2

 
1.2

Total outstanding debt
$
1,363.8

 
$
1,371.1

 
$
1,389.7

 
$
1,406.5