Derivatives (Tables)

6 Months Ended

Jul. 30, 2016

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	July 30, 2016		January 30, 2016		August 1, 2015
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	2.6	$	0.8	$	0.1
Commodity contracts	Other current assets	4.0		0.6		—
		6.6		1.4		0.1
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	0.2		—		—
Total derivative assets		$	6.8	$	1.4	$	0.1

	Fair value of derivative liabilities
(in millions)	Balance sheet location	July 30, 2016			January 30, 2016			August 1, 2015
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current liabilities	$	(0.1	)	$	—		$	(0.3	)
Commodity contracts	Other current liabilities	—			(0.8		)	(6.7		)
Commodity contracts	Other liabilities	—			—			(0.2		)
Interest rate swaps	Other liabilities	(3.8		)	(3.4		)	(0.9		)
		(3.9		)	(4.2		)	(8.1		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current liabilities	—			(0.2		)	—
Total derivative liabilities		$	(3.9	)	$	(4.4	)	$	(8.1	)

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)	July 30, 2016			January 30, 2016			August 1, 2015
Foreign currency contracts	$	3.8		$	1.4		$	0.4
Commodity contracts	6.2			(3.7		)	(8.3		)
Interest rate swaps	(3.8		)	(3.4		)	(0.9		)
Gains (losses) recorded in AOCI	$	6.2		$	(5.7	)	$	(8.8	)

Derivative Instruments, Gain (Loss)

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

		13 weeks ended				26 weeks ended
(in millions)	Income statement caption	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other operating income, net	$	1.9	$	0.7	$	1.6	$	0.4
Gains recognized in net income		$	1.9	$	0.7	$	1.6	$	0.4

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	July 30, 2016			August 1, 2015			July 30, 2016			August 1, 2015
Gains recorded in AOCI, beginning of period		$	0.6		$	0.8		$	1.4		$	0.9
Current period gains (losses) recognized in OCI		3.6			(0.4		)	3.0			(0.6		)
(Gains) losses reclassified from AOCI to net income	Cost of sales	(0.4		)	—			(0.6		)	0.1
Gains recorded in AOCI, end of period		$	3.8		$	0.4		$	3.8		$	0.4

Commodity contracts

		13 weeks ended					26 weeks ended
(in millions)	Income statement caption	July 30, 2016		August 1, 2015			July 30, 2016			August 1, 2015
Gains (losses) recorded in AOCI, beginning of period		$	4.4	$	(2.0	)	$	(3.7	)	$	5.7
Current period gains (losses) recognized in OCI		1.0		(6.6		)	7.9			(14.6		)
(Gains) losses reclassified from AOCI to net income	Cost of sales	0.8		0.3			2.0			0.6
Gains (losses) recorded in AOCI, end of period		$	6.2	$	(8.3	)	$	6.2		$	(8.3	)

Interest rate swaps

		13 weeks ended						26 weeks ended
(in millions)	Income statement caption	July 30, 2016			August 1, 2015			July 30, 2016			August 1, 2015
Losses recorded in AOCI, beginning of period		$	(3.2	)	$	(0.6	)	$	(3.4	)	$	—
Current period losses recognized in OCI		(1.2		)	(1.1		)	(1.6		)	(2.0		)
Losses reclassified from AOCI to net income	Interest expense, net	0.6			0.8			1.2			1.1
Losses recorded in AOCI, end of period		$	(3.8	)	$	(0.9	)	$	(3.8	)	$	(0.9	)