Condensed Consolidating Financial Information (Tables)

12 Months Ended

Jan. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement

Condensed Consolidated Income Statement

For the 52 week period endedJanuary 30, 2016

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—		$	6,444.8		$	105.4		$	—		$	6,550.2
Cost of sales	—			—			(4,089.3		)	(20.5		)	—			(4,109.8		)
Gross margin	—			—			2,355.5			84.9			—			2,440.4
Selling, general and administrative expenses	(2.2		)	—			(1,942.7		)	(42.7		)	—			(1,987.6		)
Other operating income (loss), net	—			—			254.8			(3.9		)	—			250.9
Operating (loss) income	(2.2		)	—			667.6			38.3			—			703.7
Intra-entity interest income (expense)	—			18.8			(186.0		)	167.2			—			—
Interest expense, net	—			(19.9		)	(14.8		)	(11.2		)	—			(45.9		)
(Loss) income before income taxes	(2.2		)	(1.1		)	466.8			194.3			—			657.8
Income taxes	—			0.2			(192.7		)	2.6			—			(189.9		)
Equity in income of subsidiaries	470.1			—			281.4			293.9			(1,045.4		)	—
Net income (loss)	$	467.9		$	(0.9	)	$	555.5		$	490.8		$	(1,045.4	)	$	467.9

Condensed Consolidated Income Statement

For the 52 week period endedJanuary 31, 2015

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—		$	5,671.4		$	64.9		$	—		$	5,736.3
Cost of sales	—			—			(3,647.0		)	(15.1		)	—			(3,662.1		)
Gross margin	—			—			2,024.4			49.8			—			2,074.2
Selling, general and administrative expenses	(2.5		)	—			(1,683.6		)	(26.8		)	—			(1,712.9		)
Other operating income (loss), net	—			—			220.8			(5.5		)	—			215.3
Operating (loss) income	(2.5		)	—			561.6			17.5			—			576.6
Intra-entity interest income (expense)	—			13.2			(129.6		)	116.4			—			—
Interest expense, net	—			(13.9		)	(14.8		)	(7.3		)	—			(36.0		)
(Loss) income before income taxes	(2.5		)	(0.7		)	417.2			126.6			—			540.6
Income taxes	—			0.1			(159.5		)	0.1			—			(159.3		)
Equity in income of subsidiaries	383.8			—			579.8			565.4			(1,529.0		)	—
Net income (loss)	$	381.3		$	(0.6	)	$	837.5		$	692.1		$	(1,529.0	)	$	381.3

Condensed Consolidated Income Statement

For the 52 week period endedFebruary 1, 2014

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	—	$	4,162.9		$	46.3		$	—		$	4,209.2
Cost of sales	—			—		(2,621.2		)	(7.5		)	—			(2,628.7		)
Gross margin	—			—		1,541.7			38.8			—			1,580.5
Selling, general and administrative expenses	(2.9		)	—		(1,193.1		)	(0.7		)	—			(1,196.7		)
Other operating income (loss), net	—			—		183.8			2.9			—			186.7
Operating (loss) income	(2.9		)	—		532.4			41.0			—			570.5
Intra-entity interest income (expense)	—			—		(34.5		)	34.5			—			—
Interest expense, net	—			—		(3.9		)	(0.1		)	—			(4.0		)
(Loss) income before income taxes	(2.9		)	—		494.0			75.4			—			566.5
Income taxes	—			—		(196.8		)	(1.7		)	—			(198.5		)
Equity in income of subsidiaries	370.9			—		344.2			301.3			(1,016.4		)	—
Net income (loss)	$	368.0		$	—	$	641.4		$	375.0		$	(1,016.4	)	$	368.0

Condensed Statement of Comprehensive Income

Condensed Consolidated Statement of Comprehensive Income

For the 52 week period endedJanuary 30, 2016

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	467.9		$	(0.9	)	$	555.5		$	490.8		$	(1,045.4	)	$	467.9
Other comprehensive income (loss):
Foreign currency translation adjustments	(40.2		)	—			(44.8		)	4.6			40.2			(40.2		)
Available-for-sale securities:
Unrealized (loss) gain on securities, net	(0.4		)	—			—			(0.4		)	0.4			(0.4		)
Cash flow hedges:
Unrealized gain (loss)	(11.8		)	—			(11.8		)	—			11.8			(11.8		)
Reclassification adjustment for losses to net income	3.5			—			3.5			—			(3.5		)	3.5
Pension plan:
Actuarial gain (loss)	10.9			—			10.9			—			(10.9		)	10.9
Reclassification adjustment to net income for amortization of actuarial losses	2.7			—			2.7			—			(2.7		)	2.7
Prior service costs	(0.5		)	—			(0.5		)	—			0.5			(0.5		)
Reclassification adjustment to net income for amortization of net prior service credits	(1.7		)	—			(1.7		)	—			1.7			(1.7		)
Total other comprehensive (loss) income	(37.5		)	—			(41.7		)	4.2			37.5			(37.5		)
Total comprehensive income	$	430.4		$	(0.9	)	$	513.8		$	495.0		$	(1,007.9	)	$	430.4

Condensed Consolidated Statement of Comprehensive Income

For the 52 week period endedJanuary 31, 2015

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net income	$	381.3		$	(0.6	)	$	837.5		$	692.1	$	(1,529.0	)	$	381.3
Other comprehensive income (loss):
Foreign currency translation adjustments	(60.6		)	—			(61.1		)	4.6		56.5			(60.6		)
Available-for-sale securities:
Unrealized (loss) gain on securities, net	—			—			—			—		—			—
Cash flow hedges:
Unrealized gain (loss)	6.2			—			6.2			—		(6.2		)	6.2
Reclassification adjustment for losses to net income	12.5			—			12.5			—		(12.5		)	12.5
Pension plan:
Actuarial gain (loss)	(15.8		)	—			(15.8		)	—		15.8			(15.8		)
Reclassification adjustment to net income for amortization of actuarial losses	1.6			—			1.6			—		(1.6		)	1.6
Prior service costs	(0.7		)	—			(0.7		)	—		0.7			(0.7		)
Reclassification adjustment to net income for amortization of net prior service credits	(1.3		)	—			(1.3		)	—		1.3			(1.3		)
Total other comprehensive (loss) income	(58.1		)	—			(58.6		)	4.6		54.0			(58.1		)
Total comprehensive income	$	323.2		$	(0.6	)	$	778.9		$	696.7	$	(1,475.0	)	$	323.2

Condensed Consolidated Statement of Comprehensive Income

For the 52 week period endedFebruary 1, 2014

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	368.0		$	—	$	641.4		$	375.0		$	(1,016.4	)	$	368.0
Other comprehensive income (loss):
Foreign currency translation adjustments	12.4			—		13.9			(2.7		)	(11.2		)	12.4
Available-for-sale securities:
Unrealized (loss) gain on securities, net	—			—		—			—			—			—
Cash flow hedges:
Unrealized gain (loss)	(22.0		)	—		(22.0		)	—			22.0			(22.0		)
Reclassification adjustment for losses to net income	6.7			—		6.7			—			(6.7		)	6.7
Pension plan:
Actuarial gain (loss)	0.2			—		0.2			—			(0.2		)	0.2
Reclassification adjustment to net income for amortization of actuarial losses	1.7			—		1.7			—			(1.7		)	1.7
Prior service costs	(0.7		)	—		(0.7		)	—			0.7			(0.7		)
Reclassification adjustment to net income for amortization of net prior service credits	(1.1		)	—		(1.1		)	—			1.1			(1.1		)
Total other comprehensive (loss) income	(2.8		)	—		(1.3		)	(2.7		)	4.0			(2.8		)
Total comprehensive income	$	365.2		$	—	$	640.1		$	372.3		$	(1,012.4	)	$	365.2

Condensed Balance Sheet

Condensed Consolidated Balance Sheet

January 30, 2016

(in millions)	Signet Jewelers Limited		Signet UK Finance  plc		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1.9	$	0.1	$	102.0	$	33.7		$	—		$	137.7
Accounts receivable, net	—		—		1,753.0		3.4			—			1,756.4
Intra-entity receivables, net	28.7		—		—		380.1			(408.8		)	—
Other receivables	—		—		68.8		15.2			—			84.0
Other current assets	0.1		0.7		145.3		8.3			—			154.4
Income taxes	—		0.2		2.3		1.0			—			3.5
Inventories	—		—		2,372.7		81.2			—			2,453.9
Total current assets	30.7		1.0		4,444.1		522.9			(408.8		)	4,589.9
Non-current assets:
Property, plant and equipment, net	—		—		722.3		5.3			—			727.6
Goodwill	—		—		511.9		3.6			—			515.5
Intangible assets, net	—		—		427.8		—			—			427.8
Investment in subsidiaries	3,047.8		—		762.9		600.0			(4,410.7		)	—
Intra-entity receivables, net	—		402.6		—		3,467.4			(3,870.0		)	—
Other assets	—		5.1		127.1		30.1			—			162.3
Deferred tax assets	—		—		—		—			—			—
Retirement benefit asset	—		—		51.3		—			—			51.3
Total assets	$	3,078.5	$	408.7	$	7,047.4	$	4,629.3		$	(8,689.5	)	$	6,474.4
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—	$	59.5	$	—		$	—		$	59.5
Accounts payable	—		—		260.3		8.8			—			269.1
Intra-entity payables, net	—		—		408.8		—			(408.8		)	—
Accrued expenses and other current liabilities	17.8		2.4		467.0		11.1			—			498.3
Deferred revenue	—		—		260.3		—			—			260.3
Income taxes	—		—		68.4		(2.7		)	—			65.7
Total current liabilities	17.8		2.4		1,524.3		17.2			(408.8		)	1,152.9
Non-current liabilities:
Long-term debt	—		398.6		330.1		600.0			—			1,328.7
Intra-entity payables, net	—		—		3,870.0		—			(3,870.0		)	—
Other liabilities	—		—		223.6		6.9			—			230.5
Deferred revenue	—		—		629.1		—			—			629.1
Deferred tax liabilities	—		—		73.0		(0.5		)	—			72.5
Total liabilities	17.8		401.0		6,650.1		623.6			(4,278.8		)	3,413.7
Total shareholders’ equity	3,060.7		7.7		397.3		4,005.7			(4,410.7		)	3,060.7
Total liabilities and shareholders’ equity	$	3,078.5	$	408.7	$	7,047.4	$	4,629.3		$	(8,689.5	)	$	6,474.4

Condensed Consolidated Balance Sheet

January 31, 2015

(in millions)	Signet Jewelers Limited		Signet UK Finance  plc			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	2.1	$	0.1		$	166.5	$	24.9		$	—		$	193.6
Accounts receivable, net	—		—			1,566.2		1.4			—			1,567.6
Intra-entity receivables, net	121.6		—			—		61.8			(183.4		)	—
Other receivables	—		—			53.9		9.7			—			63.6
Other current assets	0.1		0.7			130.9		5.5			—			137.2
Income taxes	—		—			1.8		—			—			1.8
Inventories	—		—			2,376.6		62.4			—			2,439.0
Total current assets	123.8		0.8			4,295.9		165.7			(183.4		)	4,402.8
Non-current assets:
Property, plant and equipment, net	—		—			660.2		5.7			—			665.9
Goodwill	—		—			515.6		3.6			—			519.2
Intangible assets, net	—		—			447.1		—			—			447.1
Investment in subsidiaries	2,701.3		—			462.8		421.7			(3,585.8		)	—
Intra-entity receivables, net	—		402.4			—		3,490.0			(3,892.4		)	—
Other assets	—		5.8			105.3		28.9			—			140.0
Deferred tax assets	—		—			2.0		0.3			—			2.3
Retirement benefit asset	—		—			37.0		—			—			37.0
Total assets	$	2,825.1	$	409.0		$	6,525.9	$	4,115.9		$	(7,661.6	)	$	6,214.3
Liabilities and Shareholders’ equity
Current liabilities:
Loans and overdrafts	$	—	$	—		$	97.5	$	—		$	—		$	97.5
Accounts payable	—		—			273.4		4.3			—			277.7
Intra-entity payables, net	—		—			183.4		—			(183.4		)	—
Accrued expenses and other current liabilities	14.7		2.4			456.7		8.6			—			482.4
Deferred revenue	—		—			248.0		—			—			248.0
Income taxes	—		(0.2		)	87.7		(0.6		)	—			86.9
Total current liabilities	14.7		2.2			1,346.7		12.3			(183.4		)	1,192.5
Non-current liabilities:
Long-term debt	—		398.5			365.3		600.0			—			1,363.8
Intra-entity payables, net	—		—			3,892.4		—			(3,892.4		)	—
Other liabilities	—		—			222.0		8.2			—			230.2
Deferred revenue	—		—			563.9		—			—			563.9
Deferred tax liabilities	—		—			53.5		—			—			53.5
Total liabilities	14.7		400.7			6,443.8		620.5			(4,075.8		)	3,403.9
Total shareholders’ equity	2,810.4		8.3			82.1		3,495.4			(3,585.8		)	2,810.4
Total liabilities and shareholders’ equity	$	2,825.1	$	409.0		$	6,525.9	$	4,115.9		$	(7,661.6	)	$	6,214.3

Condensed Cash Flow Statement

Condensed Consolidated Statement of Cash Flows

For the 52 week period endedJanuary 31, 2015

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	150.5		$	2.2		$	166.6		$	116.7		$	(153.0	)	$	283.0
Investing activities
Purchase of property, plant and equipment	—			—			(219.8		)	(0.4		)	—			(220.2		)
Investment in subsidiaries	—			—			(18.9		)	(10.0		)	28.9			—
Purchase of available-for-sale securities	—			—			—			(5.7		)	—			(5.7		)
Proceeds from available-for-sale securities	—			—			—			2.5			—			2.5
Acquisition of Ultra Stores, Inc., net of cash received	—			—			—			—			—			—
Acquisition of Zale Corporation, net of cash acquired	—			—			(1,431.1		)	1.9			—			(1,429.2		)
Acquisition of diamond polishing factory	—			—			—			—			—			—
Net cash used in investing activities	—			—			(1,669.8		)	(11.7		)	28.9			(1,652.6		)
Financing activities
Dividends paid	(55.3		)	—			—			—			—			(55.3		)
Intra-entity dividends paid	—			—			(953.0		)	—			953.0			—
Proceeds from issuance of common shares	6.1			8.9			10.0			810.0			(828.9		)	6.1
Excess tax benefit from exercise of share awards	—			—			11.8			—			—			11.8
Proceeds from senior notes	—			398.4			—			—			—			398.4
Proceeds from term loan	—			—			400.0			—			—			400.0
Repayments of term loan	—			—			(10.0		)	—			—			(10.0		)
Proceeds from securitization facility	—			—			—			1,941.9			—			1,941.9
Repayment of securitization facility	—			—			—			(1,341.9		)	—			(1,341.9		)
Proceeds from revolving credit facility	—			—			260.0			—			—			260.0
Repayments of revolving credit facility	—			—			(260.0		)	—			—			(260.0		)
Payment of debt issuance costs	—			(7.0		)	(10.7		)	(2.8		)	—			(20.5		)
Repurchase of common shares	(29.8		)	—			—			—			—			(29.8		)
Net settlement of equity based awards	(18.4		)	—			—			—			—			(18.4		)
Principal payments under capital lease obligations	—			—			(0.8		)	—			—			(0.8		)
Proceeds from (repayment of) short-term borrowings	—			—			39.4			—			—			39.4
Intra-entity activity, net	(52.4		)	(402.4		)	1,957.9			(1,503.1		)	—			—
Net cash used in financing activities	(149.8		)	(2.1		)	1,444.6			(95.9		)	124.1			1,320.9
Cash and cash equivalents at beginning of period	1.4			—			237.0			9.2			—			247.6
Decrease in cash and cash equivalents	0.7			0.1			(58.6		)	9.1			—			(48.7		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(11.9		)	6.6			—			(5.3		)
Cash and cash equivalents at end of period	$	2.1		$	0.1		$	166.5		$	24.9		$	—		$	193.6

Condensed Consolidated Statement of Cash Flows

For the 52 week period endedFebruary 1, 2014

(in millions)	Signet Jewelers Limited			Signet UK Finance  plc		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	137.3		$	—	$	421.3		$	286.9		$	(610.0	)	$	235.5
Investing activities
Purchase of property, plant and equipment	—			—		(152.6		)	(0.1		)	—			(152.7		)
Investment in subsidiaries	(0.3		)	—		(11.0		)	(11.0		)	22.3			—
Acquisition of Ultra Stores, Inc., net of cash received	—			—		1.4			—			—			1.4
Acquisition of Zale Corporation, net of cash acquired	—			—		—			—			—			—
Acquisition of diamond polishing factory	—			—		—			(9.1		)	—			(9.1		)
Net cash used in investing activities	(0.3		)	—		(162.2		)	(20.2		)	22.3			(160.4		)
Financing activities
Dividends paid	(46.0		)	—		—			—			—			(46.0		)
Intra-entity dividends paid	—			—		(104.4		)	(35.6		)	140.0			—
Proceeds from issuance of common shares	9.3			—		—			22.3			(22.3		)	9.3
Excess tax benefit from exercise of share awards	—			—		6.5			—			—			6.5
Proceeds from senior notes	—			—		—			—			—			—
Proceeds from term loan	—			—		—			—			—			—
Repayments of term loan	—			—		—			—			—			—
Proceeds from securitization facility	—			—		—			—			—			—
Repayment of securitization facility	—			—		—			—			—			—
Proceeds from revolving credit facility	—			—		57.0			—			—			57.0
Repayments of revolving credit facility	—			—		(57.0		)	—			—			(57.0		)
Payment of debt issuance costs	—			—		—			—			—			—
Repurchase of common shares	(104.7		)	—		—			—			—			(104.7		)
Net settlement of equity based awards	(9.2		)	—		—			—			—			(9.2		)
Principal payments under capital lease obligations	—			—		—			—			—			—
Proceeds from short-term borrowings	—			—		19.3			—			—			19.3
Intra-entity activity, net	1.6			—		(214.6		)	(257.0		)	470.0			—
Net cash used in financing activities	(149.0		)	—		(293.2		)	(270.3		)	587.7			(124.8		)
Cash and cash equivalents at beginning of period	13.4			—		271.3			16.3			—			301.0
Decrease in cash and cash equivalents	(12.0		)	—		(34.1		)	(3.6		)	—			(49.7		)
Effect of exchange rate changes on cash and cash equivalents	—			—		(0.2		)	(3.5		)	—			(3.7		)
Cash and cash equivalents at end of period	$	1.4		$	—	$	237.0		$	9.2		$	—		$	247.6