Shareholders' equity (Tables)

6 Months Ended

Jul. 30, 2016

Equity [Abstract]

Class of Treasury Stock

Share repurchases

			26 weeks ended July 30, 2016					26 weeks ended August 1, 2015
(in millions, except per share amounts)	Amount authorized		Shares repurchased	Amount repurchased		Average repurchase price per share		Shares repurchased	Amount repurchased		Average repurchase price per share
2016 Program(1)	$	750.0	2.7	$	239.4	$	88.39	n/a	n/a		n/a
2013 Program(2)	$	350.0	1.2	135.6		$	111.26	0.6	$	81.9	$	130.27
Total			3.9	$	375.0	$	95.49	0.6	$	81.9	$	130.27

⁽¹⁾  In February 2016, the Board of Directors authorized the repurchase of up to $750 million of Signet’s common shares (the “2016 Program”). The 2016 Program may be suspended or discontinued at any time without notice. The 2016 Program had $510.6 million remaining as of July 30, 2016.

⁽²⁾  In June 2013, the Board of Directors authorized the repurchase of up to $350 million of Signet’s common shares (the “2013 Program”). The 2013 Program was completed in May 2016.

n/a Not applicable.

Schedule of Dividends

Dividends

	Fiscal 2017				Fiscal 2016
(in millions, except per share amounts)	Cash dividend per share		Total dividends		Cash dividend per share		Total dividends
First quarter	$	0.26	$	20.4	$	0.22	$	17.6
Second quarter(1)	0.26		19.7		0.22		17.6
Total	$	0.52	$	40.1	$	0.44	$	35.2

⁽¹⁾  Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of July 30, 2016 and August 1, 2015, $19.7 million and $17.6 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the second quarter of Fiscal 2017 and Fiscal 2016, respectively.