Derivatives (Tables)

12 Months Ended

Jan. 28, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value and Presentation of Derivative Instruments

The following table summarizes the fair value and presentation of derivative instruments in the consolidated balance sheets:

	Fair value of derivative assets
(in millions)	Balance sheet location	January 28, 2017		January 30, 2016
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	1.4	$	0.8
Commodity contracts	Other current assets	—		0.6
Interest rate swaps	Other assets	0.4		—
		1.8		1.4
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	1.8		—
Total derivative assets		$	3.6	$	1.4

	Fair value of derivative liabilities
(in millions)	Balance sheet location	January 28, 2017			January 30, 2016
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current liabilities	$	(0.2	)	$	—
Commodity contracts	Other current liabilities	(3.4		)	(0.8		)
Interest rate swaps	Other liabilities	—			(3.4		)
		(3.6		)	(4.2		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current liabilities	—			(0.2		)
Total derivative liabilities		$	(3.6	)	$	(4.4	)

Summary of Pre-Tax Gains (Losses) Recorded

The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships:

(in millions)	January 28, 2017			January 30, 2016
Foreign currency contracts	$	4.1		$	1.4
Commodity contracts	(2.1		)	(3.7		)
Interest rate swaps	0.4			(3.4		)
Gains (losses) recorded in AOCI	$	2.4		$	(5.7	)

Summary of Derivative Instruments

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

Foreign currency contracts

(in millions)	Income statement caption	Fiscal 2017			Fiscal 2016
Gains recorded in AOCI, beginning of period		$	1.4		$	0.9
Current period gains recognized in OCI		5.4			0.9
Gains reclassified from AOCI to net income	Cost of sales	(2.7		)	(0.4		)
Gains recorded in AOCI, end of period		$	4.1		$	1.4

Commodity contracts

(in millions)	Income statement caption	Fiscal 2017			Fiscal 2016
(Losses) gains recorded in AOCI, beginning of period		$	(3.7	)	$	5.7
Current period gains (losses) recognized in OCI		1.8			(12.0		)
(Gains) losses reclassified from AOCI to net income	Cost of sales	(0.2		)	2.6
Losses recorded in AOCI, end of period		$	(2.1	)	$	(3.7	)

Interest rate swaps

(in millions)	Income statement caption	Fiscal 2017			Fiscal 2016
Losses recorded in AOCI, beginning of period		$	(3.4	)	$	—
Current period gains (losses) recognized in OCI		1.6			(6.1		)
Losses reclassified from AOCI to net income	Interest expense, net	2.2			2.7
Gains (losses) recorded in AOCI, end of period		$	0.4		$	(3.4	)

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

	Income statement caption	Amount of gains (losses) recognized in net income
(in millions)		Fiscal 2017		Fiscal 2016
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other operating income, net	$	6.3	$	(4.5	)