Signet Jewelers Limited (SIG) 10-Q 29 Aug 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 29, 2017	Aug. 25, 2017
Document And Entity Information [Abstract]
Document type	10-Q
Amendment flag	false
Document period end date	Jul. 29, 2017
Document fiscal year focus	2,018
Document fiscal period focus	Q2
Trading symbol	SIG
Entity registrant name	SIGNET JEWELERS LTD
Entity Central Index Key	832,988
Current Fiscal Year End Date	--01-28
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares outstanding		60,460,721

Condensed Consolidated Income S

Condensed Consolidated Income Statements (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jul. 29, 2017	Apr. 29, 2017	Jul. 30, 2016	Apr. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Income Statement [Abstract]
Sales	$ 1,399.6		$ 1,373.4		$ 2,803	$ 2,952.3
Cost of sales	(941.7)		(908.5)		(1,853.9)	(1,887)
Gross margin	457.9		464.9		949.1	1,065.3
Selling, general and administrative expenses	(409)		(415.7)		(861.8)	(878.4)
Credit transaction, net	14.8		0		14.8	0
Other operating income, net	71.9		70.7		148.8	145
Operating income	135.6		119.9		250.9	331.9
Interest expense, net	(13.5)		(11.9)		(26.1)	(23.7)
Income before income taxes	122.1		108		224.8	308.2
Income taxes	(28.7)		(26.1)		(52.9)	(79.5)
Net income	93.4		81.9		171.9	228.7
Dividends on redeemable convertible preferred shares	(8.2)		0		(16.4)	0
Net income attributable to common shareholders	$ 85.2		$ 81.9		$ 155.5	$ 228.7
Earnings per common share:
Earnings per share: basic (usd per share)	$ 1.34		$ 1.06		$ 2.36	$ 2.94
Earnings per share: diluted (usd per share)	$ 1.33		$ 1.06		$ 2.36	$ 2.94
Weighted average common shares outstanding:
Weighted average common shares outstanding: basic (shares)	63.8		77.1		65.9	77.8
Weighted average common shares outstanding: diluted (shares)	70.5		77.2		66	77.9
Dividends declared per common share (usd per share)	$ 0.31	$ 0.31	$ 0.26	$ 0.26	$ 0.62	$ 0.52

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Pre-tax amount
Foreign currency translation adjustments	$ 24.6	$ (39.9)	$ 25.1	$ (9.1)
Available-for-sale securities:
Unrealized loss on securities, net	0.5	0.3	0.8	0.7
Cash flow hedges:
Unrealized gain	(1.3)	3.4	3.2	9.3
Reclassification adjustment for (gains) losses to net income	(1.4)	1	(3.3)	2.6
Pension plan:
Reclassification adjustment to net income for amortization of actuarial losses	0.8	0.4	1.5	0.8
Reclassification adjustment to net income for amortization of prior service credits	(0.5)	(0.5)	(0.9)	(1)
Total other comprehensive income (loss)	22.7	(35.3)	26.4	3.3
Tax (expense) benefit
Foreign currency translation adjustments	0	0	0	0
Available-for-sale securities:
Unrealized gain	(0.2)	(0.1)	(0.3)	(0.3)
Cash flow hedges:
Unrealized gain	0.4	(0.7)	(1.4)	(3)
Reclassification adjustment for (gains) losses to net income	0.3	(0.4)	0.8	(0.9)
Pension plan:
Reclassification adjustment to net income for amortization of actuarial losses	(0.2)	(0.1)	(0.3)	(0.2)
Reclassification adjustment to net income for amortization of prior service credits	0.1	0.1	0.2	0.2
Total other comprehensive income (loss)	0.4	(1.2)	(1)	(4.2)
After-tax amount
Net income	93.4	81.9	171.9	228.7
Foreign currency translation adjustments	24.6	(39.9)	25.1	(9.1)
Available-for-sale securities:
Unrealized gain	0.3	0.2	0.5	0.4
Cash flow hedges:
Unrealized gain	(0.9)	2.7	1.8	6.3
Reclassification adjustment for (gains) losses to net income	(1.1)	0.6	(2.5)	1.7
Pension plan:
Reclassification adjustment to net income for amortization of actuarial losses	0.6	0.3	1.2	0.6
Reclassification adjustment to net income for amortization of prior service credits	(0.4)	(0.4)	(0.7)	(0.8)
Total other comprehensive income (loss)	23.1	(36.5)	25.4	(0.9)
Total comprehensive income	$ 116.5	$ 45.4	$ 197.3	$ 227.8

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Current assets:
Cash and cash equivalents	$ 119.1	$ 98.7	$ 118.7
Accounts receivable, held for sale	1,055.6	0	0
Accounts receivable, net	664.5	1,858	1,650.6
Other receivables	91.2	95.9	66.9
Other current assets	128.5	136.3	152
Income taxes	1.8	4.4	1.4
Inventories	2,282.1	2,449.3	2,418.3
Total current assets	4,342.8	4,642.6	4,407.9
Non-current assets:
Property, plant and equipment, net of accumulated depreciation of $1,131.4, $1,049.4 and $1,003.1, respectively	836.6	822.9	739.5
Goodwill	519.9	517.6	518.1
Intangible assets, net	413.9	417	424.7
Other assets	165.1	165.1	158
Deferred tax assets	0	0.7	0
Retirement benefit asset	35.5	31.9	49.8
Total assets	6,313.8	6,597.8	6,298
Current liabilities:
Loans and overdrafts	939.4	91.1	238.6
Accounts payable	148.2	255.7	195.1
Accrued expenses and other current liabilities	426.6	478.2	417.6
Deferred revenue	262.3	276.9	254.5
Income taxes	33.5	101.8	38.3
Total current liabilities	1,810	1,203.7	1,144.1
Non-current liabilities:
Long-term debt	705.3	1,317.9	1,330.5
Other liabilities	247.1	213.7	223.8
Deferred revenue	658.8	659	639.9
Deferred tax liabilities	103.3	101.4	79.8
Total liabilities	3,524.5	3,495.7	3,418.1
Commitments and contingencies
Shareholders’ equity:
Common shares of $0.18 par value: authorized 500 shares, 60.3 shares outstanding (January 28, 2017: 68.3 outstanding; July 30, 2016: 75.6 outstanding)	15.7	15.7	15.7
Additional paid-in capital	282.2	280.7	281.2
Other reserves	0.4	0.4	0.4
Treasury shares at cost: 26.9 shares (January 28, 2017: 18.9 shares; July 30, 2016: 11.6 shares)	(1,949.7)	(1,494.8)	(869.7)
Retained earnings	4,110.3	3,995.9	3,727.3
Accumulated other comprehensive loss	(282.3)	(307.7)	(275)
Total shareholders’ equity	2,176.6	2,490.2	2,879.9
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	6,313.8	6,597.8	6,298
Series A Redeemable Convertible Preferred Stock
Non-current liabilities:
Series A redeemable convertible preferred shares	$ 612.7	$ 611.9	$ 0

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Accumulated depreciation	$ 1,131.4	$ 1,049.4	$ 1,003.1
Common shares, par value (usd per share)	$ 0.18	$ 0.18	$ 0.18
Common shares, authorized	500,000,000	500,000,000	500,000,000
Common shares, outstanding	60,300,000	68,300,000	78,400,000
Treasury shares, shares	26,900,000	18,900,000	11,600,000
Series A Redeemable Convertible Preferred Stock
Preferred shares, par value (usd per share)	$ 0.01	$ 0.01
Preferred shares, authorized	500,000,000	500,000,000
Preferred shares, outstanding	625,000	625,000

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016
Cash flows from operating activities
Net income	$ 171.9	$ 228.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	98.4	91.8
Amortization of unfavorable leases and contracts	(8.6)	(9.9)
Pension benefit	0	(0.9)
Share-based compensation	6.7	8.8
Deferred taxation	2.6	7.3
Excess tax benefit from exercise of share awards	0	(1.3)
Credit transaction, net	(20.7)	0
Amortization of debt discount and issuance costs	1.1	1.6
Other non-cash movements	0.6	0.3
Changes in operating assets and liabilities:
Decrease in accounts receivable	159.1	105.1
Decrease in other receivables and other assets	6.3	15.4
Decrease in other current assets	9.3	4.3
Decrease in inventories	180	33.8
Decrease in accounts payable	(104.4)	(71.7)
Decrease in accrued expenses and other liabilities	(6.4)	(75.5)
(Decrease) increase in deferred revenue	(17.1)	2.7
Decrease in income taxes payable	(67.4)	(29.7)
Pension plan contributions	(1.6)	(1.6)
Net cash provided by operating activities	409.8	309.2
Investing activities
Purchase of property, plant and equipment	(105.7)	(101)
Purchase of available-for-sale securities	(1.3)	(2.6)
Proceeds from sale of available-for-sale securities	0.6	3.1
Net cash used in investing activities	(106.4)	(100.5)
Financing activities
Dividends paid on common shares	(39)	(37.9)
Dividends paid on redeemable convertible preferred shares	(19.1)	0
Proceeds from issuance of common shares	0.2	0.4
Excess tax benefit from exercise of share awards	0	1.3
Proceeds from revolving credit facility	550	318
Repayments of revolving credit facility	(303)	(118)
Payment of debt issuance costs	0	(2.7)
Repurchase of common shares	(460)	(375)
Net settlement of equity based awards	(3.2)	(4.8)
Principal payments under capital lease obligations	0	(0.1)
Repayments of short-term borrowings	(3.1)	(2.3)
Net cash used in financing activities	(286.2)	(228.6)
Cash and cash equivalents at beginning of period	98.7	137.7
Increase (decrease) in cash and cash equivalents	17.2	(19.9)
Effect of exchange rate changes on cash and cash equivalents	3.2	0.9
Cash and cash equivalents at end of period	119.1	118.7
Term Loan
Financing activities
Repayments of debt	(9)	(7.5)
Securitization facility
Financing activities
Repayments of debt	(1,242.9)	(1,278.9)
Proceeds from securitization facility	1,242.9	1,278.9
Credit Facility | Term Loan
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of debt discount and issuance costs	0.4	0.5
Credit Facility | Revolving Credit Facility
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of debt discount and issuance costs	0.2	0.2
Financing activities
Proceeds from revolving credit facility	550	318
Repayments of revolving credit facility	$ (303)	$ (118)

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Shareholders' Equity (Unaudited) - 6 months ended Jul. 29, 2017 - USD ($) $ in Millions	Total	Common shares at par value	Additional paid-in capital	Other reserves	Treasury shares	Retained earnings	Accumulated other comprehensive loss
Balance at Jan. 28, 2017	$ 2,490.2	$ 15.7	$ 280.7	$ 0.4	$ (1,494.8)	$ 3,995.9	$ (307.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	171.9					171.9
Other comprehensive income	25.4						25.4
Dividends on common shares	(40)					(40)
Dividends on redeemable convertible preferred shares	(16.4)					(16.4)
Repurchase of common shares	(460)				(460)
Net settlement of equity based awards	(1.4)		(5.2)		4.9	(1.1)
Share options exercised	0.2				0.2
Share-based compensation expense	6.7		6.7
Balance at Jul. 29, 2017	$ 2,176.6	$ 15.7	$ 282.2	$ 0.4	$ (1,949.7)	$ 4,110.3	$ (282.3)

Organization and principal acco

Organization and principal accounting policies	6 Months Ended
	Jul. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and principal accounting policies	Organization and principal accounting policies Signet Jewelers Limited (“Signet” or the “Company”), a holding company incorporated in Bermuda, is the world’s largest retailer of diamond jewelry. The Company operates through its 100% owned subsidiaries with sales primarily in the United States (“US”), United Kingdom (“UK”) and Canada. Signet manages its business as five reportable segments: the Sterling Jewelers division, the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments, the UK Jewelry division and Other. The “Other” reportable segment consists of all non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. See Note 4 for additional discussion of the Company’s segments. Signet’s sales are seasonal, with the first quarter slightly exceeding 20% of annual sales, the second and third quarters each approximating 20% and the fourth quarter accounting for almost 40% of annual sales, with December being by far the most important month of the year. The “Holiday Season” consists of results for the months of November and December. As a result, approximately 45% to 55% of Signet’s annual operating income normally occurs in the fourth quarter, comprised of nearly all of the UK Jewelry and Zale divisions’ annual operating income and approximately 40% to 45% of the Sterling Jewelers division’s annual operating income. Basis of preparation The condensed consolidated financial statements of Signet are prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with US generally accepted accounting principles (“US GAAP”) have been condensed or omitted from this report, as is permitted by such rules and regulations. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes included in Signet’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 filed with the SEC on March 16, 2017 . Use of estimates The preparation of these condensed consolidated financial statements, in conformity with US GAAP and SEC regulations for interim reporting, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are primarily made in relation to the valuation of accounts receivable, inventories, deferred revenue, derivatives, employee benefits, income taxes, contingencies, asset impairments, indefinite-lived intangible assets, as well as depreciation and amortization of long-lived assets. Fiscal year The Company’s fiscal year ends on the Saturday nearest to January 31 st . Fiscal 2018 and Fiscal 2017 refer to the 53 week period ending February 3, 2018 and the 52 week period ending January 28, 2017 , respectively. Within these condensed consolidated financial statements, the second quarter of the relevant fiscal years 2018 and 2017 refer to the 13 and 26 weeks ended July 29, 2017 and July 30, 2016 , respectively. Foreign currency translation The financial position and operating results of certain foreign operations, including the UK Jewelry division and the Canadian operations of the Zale Jewelry segment, are consolidated using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange on the balance sheet date, and revenues and expenses are translated at the monthly average rates of exchange during the period. Resulting translation gains or losses are included in the accompanying condensed consolidated statements of equity as a component of accumulated other comprehensive income (loss) (“AOCI”). Gains or losses resulting from foreign currency transactions are included within the condensed consolidated income statements. See Note 8 for additional information regarding the Company’s foreign currency translation.

New accounting pronouncements

New accounting pronouncements	6 Months Ended
	Jul. 29, 2017
Accounting Policies [Abstract]
New accounting pronouncements	New accounting pronouncements New accounting pronouncements adopted during the period Inventory In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory.” The new guidance states that inventory will be measured at the lower of cost and net realizable value. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The adoption of this guidance in the first quarter of Fiscal 2018 did not have a material impact on the Company’s financial position or results of operations. Share-based compensation In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The new guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The Company adopted all aspects of this guidance prospectively in the first quarter of Fiscal 2018 with a policy election to continue to estimate expected forfeitures in determining the amount of share-based compensation expense to be recognized. The adoption of this guidance did not have a material impact on the Company’s financial position or results of operations. See Note 9 for additional information regarding the impact on the Company’s results of operations in the first quarter of Fiscal 2018. New accounting pronouncements to be adopted in future periods Credit Losses In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The new guidance requires entities to measure and recognize expected credit losses for financial assets measured at amortized cost basis. The estimate of expected credit losses should consider historical information, current information, and reasonable and supportable forecasts of expected losses over the remaining contractual life that affect collectibility. ASU No. 2016-13 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2019, with early adoption permitted. Signet currently expects to adopt this guidance when effective, and continues to assess the impact the adoption of this guidance will have on the Company’s financial position or results of operations. Revenue recognition In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The new guidance affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 provides alternative methods of retrospective adoption. In August 2015, the FASB issued an update (ASU No. 2015-14) that defers the effective date by one year. As a result, ASU No. 2014-09 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted for annual periods beginning after December 15, 2016, including interim periods within that annual period. The FASB has recently issued updates to certain aspects of the guidance to address implementation issues. In March 2016, the FASB issued additional guidance concerning “Principal versus Agent” considerations (reporting revenue gross versus net); in April 2016, the FASB issued additional guidance on identifying performance obligations and licensing; and in May 2016, the FASB issued additional guidance on collectibility, noncash consideration, presentation of sales tax, and transition. These updates are intended to improve the operability and understandability of the implementation guidance and have the same effective date and transition requirements as ASU No. 2014-09 guidance discussed above. Management continues to evaluate the impact this ASU, the related amendments and the interpretive guidance will have on the Company's consolidated financial statements Signet is in the process of evaluating contracts with customers under the new guidance and cannot currently estimate the financial statement impact of adoption. The Company expects to progress through its assessment during Fiscal 2018 and will adopt this guidance in the first quarter of our fiscal year ending February 2, 2019. The Company is evaluating the impact of the standard through a cross-functional approach to analyze the impacts of the guidance across all of its revenue streams. This includes the review of current accounting policies and practices to identify potential differences that would result from applying the guidance. The majority of the Company’s revenue is generated from sales of finished products, which will continue to be recognized when control is transferred to the customer. The Company intends to adopt the standard using the modified retrospective method. Financial instruments In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The new guidance primarily impacts accounting for equity investments and financial liabilities under the fair value option, as well as, the presentation and disclosure requirements for financial instruments. Under the new guidance, equity investments will generally be measured at fair value, with subsequent changes in fair value recognized in net income. ASU No. 2016-01 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Signet plans to adopt this guidance in the first quarter of our fiscal year ending February 2, 2019. Signet does not expect the adoption of this guidance to have a material impact on the Company’s financial position or results of operations. Leases In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” The new guidance primarily impacts lessee accounting by requiring the recognition of a right-of-use asset and a corresponding lease liability on the balance sheet for long-term lease agreements. The lease liability will be equal to the present value of all reasonably certain lease payments. The right-of-use asset will be based on the liability, subject to adjustment for initial direct costs. Lease agreements that are 12 months or less are permitted to be excluded from the balance sheet. In general, leases will be amortized on a straight-line basis with the exception of finance lease agreements. ASU No. 2016-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018, with early adoption permitted. Signet is currently assessing the timing of adoption which is effective for the first quarter of our fiscal year ending February 1, 2020 and the impact that adopting this guidance will have on the Company’s financial position or results of operations. Liabilities In March 2016, the FASB issued ASU No. 2016-04, “Liabilities - Extinguishments of Liabilities (Subtopic 405-20).” The new guidance addresses diversity in practice related to the derecognition of a prepaid stored-value product liability. Liabilities related to the sale of prepaid stored-value products within the scope of this update are financial liabilities. ASU No. 2016-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. Signet plans to adopt this guidance in the first quarter of our fiscal year ending February 2, 2019. Signet does not expect the adoption of this guidance to have a material impact on the Company’s financial position or results of operations. Intangibles In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment.” The new guidance requires a single-step quantitative test to identify and measure goodwill impairment based on the excess of a reporting unit's carrying amount over its fair value. A qualitative assessment may still be completed first for an entity to determine if a quantitative impairment test is necessary. ASU No. 2017-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2019, with early adoption permitted. Signet is currently assessing the timing of adoption and the impact this guidance will have on the Company’s financial position or results of operations. Retirement Benefits In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” The new guidance requires entities to present the service cost component of the net periodic pension cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. Entities will present the other components of net benefit cost separately from the service cost component and outside of operating profit within the income statement. In addition, only the service cost component will be eligible for capitalization in assets. ASU No. 2017-07 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. Signet is currently assessing the timing of adoption and the impact this guidance will have on the Company’s financial position or results of operations.

Credit Transaction

Credit Transaction	6 Months Ended
	Jul. 29, 2017
Receivables [Abstract]
Credit transaction, net	Credit transaction, net On May 25, 2017, the Company, through its subsidiary Sterling Jewelers Inc. (“Sterling”), entered into a Sale and Purchase Agreement with Comenity Bank (“Comenity”) to sell the prime-only credit quality portion of Sterling’s existing in-house finance receivable portfolio and the assumption from Sterling of certain liabilities related to Sterling’s in-house finance receivable portfolio. The purchase price will be settled in cash for an amount equal to the gross value of the outstanding receivables (“par”) at the time of closing, which is currently estimated to be $1 billion . The transaction is subject to the defeasance of the balance outstanding under the asset-backed securitization facility as disclosed in Note 16 . The Sale and Purchase Agreement contains customary representations, warranties and covenants. In addition, the Company and Comenity entered into a Credit Card Program Agreement (“Program Agreement”) to provide credit to prime-only credit quality customers with an initial term of seven years and, unless terminated by either party, additional renewal terms of two years. Under the Program Agreement, Comenity will establish a program to issue Sterling credit cards to be serviced, marketed and promoted in accordance with the terms of the agreement. Subject to limited exceptions, Comenity will be the exclusive issuer of private label credit cards or an installment or other closed end loan product in the United States bearing specified Company trademarks, including “Kay”, “Jared” and specified regional brands, but excluding “Zale”, during the term of the agreement. The pre-existing arrangement with Comenity for the issuing of Zale credit cards will be unaffected by the execution of the Program Agreement. Upon expiration or termination by either party of the Program Agreement, Sterling retains the option to purchase, or arrange the purchase by a third party of, the program assets from Comenity on terms that are no more onerous to Sterling than those applicable to Comenity under the Purchase Agreement, or in the case of a purchase by a third party, on customary terms. Additionally, the Company received a signing bonus, which may be repayable under certain conditions if the Program Agreement is terminated, and a right to receive future payments related to the performance of the credit program after the sale is completed under an economic profit sharing agreement. The Program Agreement contains customary representations, warranties and covenants. The Company’s in-house finance receivables have historically been “held for investment” and recorded at par value less an allowance for credit losses. During the second quarter of Fiscal 2018, the portion of the in-house finance receivables meeting the criteria for sale to Comenity were reclassified to “held for sale” in accordance with US GAAP. As a result, these receivables are recorded at the lower of cost (par) or fair value. See Note 15 for the fair value measurement of these held for sale receivables. Additionally, the reclassification of these receivables resulted in the reversal of the related allowance for credit losses of $20.7 million . This reversal was recorded in credit transaction, net in the condensed consolidated income statement for the 13 weeks ended July 29, 2017 . Upon closing, the Company expects to receive gross proceeds of approximately $1.0 billion which will be utilized to repay the $600 million balance outstanding on the asset backed securitization facility and to repay the short-term loan associated with the acquisition of R2Net, Inc. as disclosed in Note 21 and other borrowings under the revolving credit facility. The credit transaction is subject to regulatory approvals and other customary conditions, and is expected to close in October 2017. Accounts receivable, net Signet’s accounts receivable primarily consist of US customer in-house financing receivables. The accounts receivable portfolio consists of a population that is of similar characteristics and is evaluated collectively for impairment. On May 25, 2017, the Company entered into an agreement to sell a portion of the Sterling Jewelers customer in-house finance receivables. As a result, these receivables have been classified as “held for sale” in the condensed consolidated balance sheet and recorded at the lower of cost (par) or fair value. As of July 29, 2017 , the accounts receivable held for sale were recorded at cost (par) as the fair value approximated cost as disclosed in Note 15 . (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Accounts receivable held for investment by portfolio segment, net: Sterling Jewelers customer in-house finance receivables $ 622.6 $ 1,813.3 $ 1,615.6 Zale customer in-house finance receivables 34.0 33.4 25.0 Other accounts receivable 7.9 11.3 10.0 Total accounts receivable, net $ 664.5 $ 1,858.0 $ 1,650.6 Accounts receivable, held for sale $ 1,055.6 $ — $ — Signet grants credit to customers based on a variety of credit quality indicators, including consumer financial information and prior payment experience. On an ongoing basis, management monitors the credit exposure based on past due status and collection experience, as it has found a meaningful correlation between the past due status of customers and the risk of loss. During the third quarter of Fiscal 2016, Signet implemented a program to provide in-house credit to customers in the Zale division’s US locations. The allowance for credit losses associated with Zale customer in-house finance receivables was immaterial as of July 29, 2017 , January 28, 2017 and July 30, 2016 . Other accounts receivable is comprised primarily of accounts receivable relating to the insurance loss replacement business in the UK Jewelry division of $6.9 million ( January 28, 2017 and July 30, 2016 : $11.0 million and $7.6 million , respectively). As a portion of the Sterling Jewelers customer in-house finance receivables have been reclassified as “held for sale” during the second quarter of Fiscal 2018, the allowance for credit losses associated with these receivables has been reversed as of July 29, 2017 . The allowance for credit losses on Sterling Jewelers customer in-house finance receivables “held for investment” is shown below: 26 weeks ended (in millions) July 29, 2017 July 30, 2016 Beginning balance $ (138.7 ) $ (130.0 ) Charge-offs, net 103.9 89.5 Recoveries 17.8 18.3 Provision (118.0 ) (107.2 ) $ (135.0 ) $ (129.4 ) Reversal of allowance on receivables held for sale 20.7 — Ending balance $ (114.3 ) $ (129.4 ) Ending receivable balance evaluated for impairment 736.9 1,745.0 Sterling Jewelers customer in-house finance receivables, net $ 622.6 $ 1,615.6 Net bad debt expense is defined as the provision expense less recoveries. The credit quality indicator and age analysis of Sterling Jewelers customer in-house finance receivables “held for investment” and “held for sale” are shown below: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Gross Valuation Gross Valuation Gross Valuation Performing: Current, aged 0 – 30 days $ 1,394.2 $ (42.8 ) $ 1,538.2 $ (47.2 ) $ 1,350.7 $ (41.3 ) Past due, aged 31 – 60 days 264.6 (8.6 ) 282.0 (9.0 ) 264.1 (8.6 ) Past due, aged 61 – 90 days 52.5 (2.4 ) 51.6 (2.3 ) 53.2 (2.5 ) Non Performing: Past due, aged more than 90 days 81.2 (81.2 ) 80.2 (80.2 ) 77.0 (77.0 ) $ 1,792.5 $ (135.0 ) $ 1,952.0 $ (138.7 ) $ 1,745.0 $ (129.4 ) Less: Amounts attributable to accounts receivable held for sale 1,055.6 (20.7 ) — — — — Accounts receivable held for investment $ 736.9 $ (114.3 ) $ 1,952.0 $ (138.7 ) $ 1,745.0 $ (129.4 ) July 29, 2017 January 28, 2017 July 30, 2016 (as a % of the ending receivable balance) Gross Valuation Gross Valuation Gross Valuation Performing Current, aged 0 – 30 days 77.8 % 3.1 % 78.8 % 3.1 % 77.4 % 3.1 % Past due, aged 31 – 60 days 14.8 % 3.3 % 14.5 % 3.2 % 15.1 % 3.3 % Past due, aged 61 – 90 days 2.9 % 4.6 % 2.6 % 4.5 % 3.1 % 4.7 % Non Performing Past due, aged more than 90 days 4.5 % 100.0 % 4.1 % 100.0 % 4.4 % 100.0 % 100.0 % 7.5 % 100.0 % 7.1 % 100.0 % 7.4 % See Note 3 for additional information regarding the anticipated sale of a portion of the US customer in-house finance receivable portfolio, as well as the agreement to outsource the servicing function for the Company’s remaining in-house finance receivables. Securitized credit card receivables The Sterling Jewelers division securitizes its credit card receivables through its Sterling Jewelers Receivables Master Note Trust. See Note 16 for additional information regarding this asset-backed securitization facility.

Segment information

Segment information	6 Months Ended
	Jul. 29, 2017
Segment Reporting [Abstract]
Segment information	Segment information Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker utilizes sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. Signet’s sales are derived from the retailing of jewelry, watches, other products and services as generated through the management of its five reportable segments: the Sterling Jewelers division, the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments, the UK Jewelry division and Other. The Sterling Jewelers division operates in all 50 US states. Its stores operate nationally in malls and off-mall locations principally as Kay (Kay Jewelers and Kay Jewelers Outlet) and Jared (Jared The Galleria Of Jewelry and Jared Vault). The division also operates a variety of mall-based regional brands. The Zale division operates jewelry stores (Zale Jewelry) and kiosks (Piercing Pagoda), located primarily in shopping malls throughout the US, Canada and Puerto Rico. Zale Jewelry includes the US store brand Zales (Zales Jewelers and Zales Outlet), which operates in all 50 US states, and the Canadian store brand Peoples Jewellers, which operates in nine provinces. The division also operates the Gordon’s Jewelers and Mappins regional brands. Piercing Pagoda operates through mall-based kiosks. The UK Jewelry division operates stores in the UK, Republic of Ireland and Channel Islands. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally as H.Samuel and Ernest Jones. The Other reportable segment consists of all non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones, that are below the quantifiable threshold for separate disclosure as a reportable segment and unallocated corporate administrative functions. 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Sales: Sterling Jewelers $ 868.1 $ 839.4 $ 1,739.1 $ 1,819.8 Zale Jewelry 331.8 331.0 665.5 712.4 Piercing Pagoda 62.3 57.0 132.0 126.0 UK Jewelry 131.9 145.2 254.4 289.2 Other 5.5 0.8 12.0 4.9 Total sales $ 1,399.6 $ 1,373.4 $ 2,803.0 $ 2,952.3 Operating income: Sterling Jewelers $ 159.4 (1) $ 140.9 $ 288.9 (1) $ 339.2 Zale Jewelry 1.2 0.5 3.3 18.8 Piercing Pagoda 1.0 (0.2 ) 4.2 7.6 UK Jewelry 2.3 1.7 (0.2 ) 3.0 Other (28.3 ) (2) (23.0 ) (45.3 ) (2) (36.7 ) Total operating income $ 135.6 $ 119.9 $ 250.9 $ 331.9 (1) Includes $20.7 million gain on assets held for sale related to the reversal of the allowance for credit losses. See Note 3 for additional information. (2) Includes $5.9 million of transaction costs related to the credit transaction (see Note 3) and $4.7 million of CEO separation and R2Net acquisition costs. (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Total assets: Sterling Jewelers $ 3,807.1 $ 4,015.4 $ 3,699.5 Zale Jewelry 1,878.4 1,940.7 1,931.1 Piercing Pagoda 140.8 141.6 138.4 UK Jewelry 384.8 372.6 392.3 Other 102.7 127.5 136.7 Total assets $ 6,313.8 $ 6,597.8 $ 6,298.0

Redeemable preferred shares

Redeemable preferred shares	6 Months Ended
	Jul. 29, 2017
Temporary Equity [Abstract]
Redeemable preferred shares	Redeemable preferred shares On October 5, 2016 , the Company issued 625,000 shares of Series A Convertible Preference Shares (“preferred shares”) to Green Equity Investors VI, L.P., Green Equity Investors Side VI, L.P., LGP Associates VI-A LLC and LGP Associates VI-B LLC, all affiliates of Leonard Green & Partners, L.P., (together, the “Investors”) for an aggregate purchase price of $625.0 million , or $1,000 per share (the “Stated Value”) pursuant to the investment agreement dated August 24, 2016. In connection with the issuance of the preferred shares, the Company incurred direct and incremental expenses of $13.7 million . These direct and incremental expenses originally reduced the preferred shares carrying value, and will be accreted through retained earnings as a deemed dividend from the date of issuance through the first possible known redemption date, November 2024. Accumulated accretion recorded in the condensed consolidated balance sheets was $1.4 million as of July 29, 2017 ( January 28, 2017 : $0.6 million ). Accretion of $0.4 million and $0.8 million was recorded to preferred shares in the condensed consolidated balance sheets during the 13 and 26 weeks ended July 29, 2017 , respectively. Pursuant to the preferred shares conversion features, the conversion rate as of July 29, 2017 is 10.7707 ( January 28, 2017 : 10.6529 ) common shares per preferred share or a conversion price of $92.8445 ( January 28, 2017 : $93.8712 ). As of July 29, 2017 and January 28, 2017 , the maximum number of common shares that could be required to be issued if converted was 6.7 million shares. Preferred shareholders are entitled to a cumulative dividend at the rate of 5% per annum, payable quarterly in arrears. Refer to Note 6 for additional discussion of the Company’s dividends on preferred shares. The liquidation preference was $632.8 million as of July 29, 2017 .

Shareholders' equity

Shareholders' equity	6 Months Ended
	Jul. 29, 2017
Equity [Abstract]
Shareholders' equity	Shareholders’ equity Share repurchases In February 2016, the Board of Directors authorized the repurchase of Signet’s common shares up to $750.0 million (the “2016 Program”). In August 2016, the Board of Directors increased its authorized share repurchase program by $625.0 million , bringing the total authorization for the 2016 Program to $1,375.0 million . The 2016 Program may be suspended or discontinued at any time without notice. Common shares repurchased during the 26 weeks ended July 29, 2017 and July 30, 2016 were as follows: 26 weeks ended July 29, 2017 26 weeks ended July 30, 2016 (in millions, except per share amounts) Amount Shares Amount Average Shares Amount Average 2016 Program (1) $ 1,375.0 8.1 $ 460.0 $ 56.91 2.7 $ 239.4 $ 88.39 2013 Program (2) $ 350.0 n/a n/a n/a 1.2 135.6 $ 111.26 Total 8.1 $ 460.0 $ 56.91 3.9 $ 375.0 $ 95.49 (1) The 2016 Program had $50.6 million remaining as of July 29, 2017 . (2) The 2013 Program was completed in May 2016. n/a Not applicable. In June 2017, the Board of Directors authorized a new program to repurchase $600.0 million of Signet’s common shares (the “2017 Program”). The 2017 Program may be suspended or discontinued at any time without notice. Dividends on common shares Fiscal 2018 Fiscal 2017 (in millions, except per share amounts) Cash dividend per share Total Cash dividend Total First quarter $ 0.31 $ 21.3 $ 0.26 $ 20.4 Second quarter (1) 0.31 18.7 0.26 19.7 Total $ 0.62 $ 40.0 $ 0.52 $ 40.1 (1) Signet’s dividend policy for common shares results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of July 29, 2017 and July 30, 2016 , $18.7 million and $19.7 million , respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on common shares declared for the second quarter of Fiscal 2018 and Fiscal 2017 , respectively. In addition, in August 2017 , Signet’s Board declared a quarterly dividend of $0.31 per share on its common shares. This dividend will be payable on November 30, 2017 to shareholders of record on October 27, 2017 , with an ex-dividend date of October 26, 2017 . Dividends on preferred shares During the 13 and 26 weeks ended July 29, 2017 , cash dividends totaling $7.8 million and $15.6 million were declared by the Company. As of July 29, 2017 , dividends on preferred shares totaling $7.8 million have been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheet reflecting the dividend declared for the second quarter of Fiscal 2018. As disclosed in the condensed consolidated income statements, there were no cumulative undeclared dividends on the preferred shares that reduced net income attributable to common shareholders. In addition, deemed dividends of $0.4 million and $0.8 million related to accretion of issuance costs associated with the preferred shares was recognized during the 13 and 26 weeks ended July 29, 2017 . See Note 5 for additional information.

Earnings per common share (EPS)

Earnings per common share (EPS)	6 Months Ended
	Jul. 29, 2017
Earnings Per Share [Abstract]
Earnings per common share (“EPS”)	Earnings per common share ( “ EPS ” ) Basic EPS is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding for the period. The computation of basic EPS is outlined in the table below: 13 weeks ended 26 weeks ended (in millions, except per share amounts) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Numerator: Net income attributable to common shareholders $ 85.2 $ 81.9 $ 155.5 $ 228.7 Denominator: Weighted average common shares outstanding 63.8 77.1 65.9 77.8 EPS – basic $ 1.34 $ 1.06 $ 2.36 $ 2.94 The dilutive effect of share awards represents the potential impact of outstanding awards issued under the Company’s share-based compensation plans, including restricted shares and restricted stock units issued under the Omnibus Plan and stock options issued under the Share Saving Plans and Executive Plans. The dilutive effect of preferred shares represents the potential impact for common shares that would be issued upon conversion. Potential common share dilution related to share awards and preferred shares is determined using the treasury stock and if-converted methods, respectively. Under the if-converted method, the preferred shares are assumed to be converted at the beginning of the period, and the resulting common shares are included in the denominator of the diluted EPS calculation for the entire period being presented, only in the periods in which such effect is dilutive. Additionally, in periods in which preferred shares are dilutive, cumulative dividends and accretion for issuance costs associated with the preferred shares are added back to net income attributable to common shareholders. See Note 5 for additional discussion of the Company’s preferred shares. The computation of diluted EPS is outlined in the table below: 13 weeks ended 26 weeks ended (in millions, except per share amounts) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Numerator: Net income attributable to common shareholders $ 85.2 $ 81.9 $ 155.5 $ 228.7 Add: Dividends on preferred shares 8.2 n/a — n/a Numerator for diluted EPS $ 93.4 $ 81.9 $ 155.5 $ 228.7 Denominator: Weighted average common shares outstanding 63.8 77.1 65.9 77.8 Plus: Dilutive effect of share awards — 0.1 0.1 0.1 Plus: Dilutive effect of preferred shares 6.7 n/a — n/a Diluted weighted average common shares outstanding 70.5 77.2 66.0 77.9 EPS – diluted $ 1.33 $ 1.06 $ 2.36 $ 2.94 n/a Not applicable as preferred shares were issued in October 2016. See Note 5 for additional information. The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be anti-dilutive. (in millions) July 29, 2017 July 30, 2016 Share awards 0.3 0.2 Potential impact of preferred shares 6.7 n/a Total anti-dilutive shares 7.0 0.2 n/a Not applicable as preferred shares were issued in October 2016. See Note 5 for additional information.

Accumulated other comprehensive

Accumulated other comprehensive income (loss)	6 Months Ended
	Jul. 29, 2017
Equity [Abstract]
Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss) The following tables present the changes in AOCI by component and the reclassifications out of AOCI, net of tax: Pension plan (in millions) Foreign Losses on available-for-sale securities, net Gains (losses) Actuarial Prior Accumulated Balance at January 28, 2017 $ (263.4 ) $ (0.4 ) $ 2.4 $ (55.5 ) $ 9.2 $ (307.7 ) Other comprehensive income (“OCI”) before reclassifications 25.1 0.5 1.8 — — 27.4 Amounts reclassified from AOCI to net income — — (2.5 ) 1.2 (0.7 ) (2.0 ) Net current period OCI 25.1 0.5 (0.7 ) 1.2 (0.7 ) 25.4 Balance at July 29, 2017 $ (238.3 ) $ 0.1 $ 1.7 $ (54.3 ) $ 8.5 $ (282.3 ) The amounts reclassified from AOCI were as follows: Amounts reclassified from AOCI 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Income statement caption (Gains) losses on cash flow hedges: Foreign currency contracts $ (1.2 ) $ (0.4 ) $ (2.2 ) $ (0.6 ) Cost of sales (see Note 14) Interest rate swaps 0.1 0.6 0.4 1.2 Interest expense, net (see Note 14) Commodity contracts (0.3 ) 0.8 (1.5 ) 2.0 Cost of sales (see Note 14) Total before income tax (1.4 ) 1.0 (3.3 ) 2.6 Income taxes 0.3 (0.4 ) 0.8 (0.9 ) Net of tax (1.1 ) 0.6 (2.5 ) 1.7 Defined benefit pension plan items: Amortization of unrecognized actuarial losses 0.8 0.4 1.5 0.8 Selling, general and administrative expenses (1) Amortization of unrecognized net prior service credits (0.5 ) (0.5 ) (0.9 ) (1.0 ) Selling, general and administrative expenses (1) Total before income tax 0.3 (0.1 ) 0.6 (0.2 ) Income taxes (0.1 ) — (0.1 ) — Net of tax 0.2 (0.1 ) 0.5 (0.2 ) Total reclassifications, net of tax $ (0.9 ) $ 0.5 $ (2.0 ) $ 1.5 (1) These items are included in the computation of net periodic pension benefit.

Income taxes

Income taxes	6 Months Ended
	Jul. 29, 2017
Income Tax Disclosure [Abstract]
Income taxes	Income taxes 26 weeks ended July 29, 2017 July 30, 2016 Forecasted annual effective tax rate 23.0 % 25.8 % Discrete items recognized 0.5 % — % Effective tax rate recognized in income statement 23.5 % 25.8 % As disclosed in Note 2, the Company adopted ASU 2016-09 during the first quarter of Fiscal 2018 . The Company anticipates the adoption of this accounting guidance related to share-based compensation to increase the periodic volatility in future effective tax rates as it will result in additional discrete items being recognized in future periods when the deduction for tax purposes for share awards does not equal the cumulative compensation costs of the share awards for financial reporting purposes. To the extent there are discrete items that are not included in the forecasted annual effective tax rate, the actual effective tax rate will differ from the forecasted annual effective tax rate. During Fiscal 2018 , the Company recognized incremental tax expense for a discrete item related to the tax shortfall associated with share awards vesting subsequent to the adoption of the new share-based compensation accounting guidance in ASC No. 2016-09. During the 26 weeks ended July 29, 2017 , the Company’s forecasted annual effective tax rate was lower than the US federal income tax rate primarily due to the favorable impact of foreign tax rate differences and benefits from global reinsurance and financing arrangements. The forecasted annual effective tax rate excludes the effects of any discrete items that may be recognized in future periods. There has been no material change in the amounts of unrecognized tax benefits, or the related accrued interest and penalties (where appropriate), in respect of uncertain tax positions identified as of January 28, 2017 .

Accounts receivable, net

Accounts receivable, net	6 Months Ended
	Jul. 29, 2017
Receivables [Abstract]
Accounts receivable, net	Credit transaction, net On May 25, 2017, the Company, through its subsidiary Sterling Jewelers Inc. (“Sterling”), entered into a Sale and Purchase Agreement with Comenity Bank (“Comenity”) to sell the prime-only credit quality portion of Sterling’s existing in-house finance receivable portfolio and the assumption from Sterling of certain liabilities related to Sterling’s in-house finance receivable portfolio. The purchase price will be settled in cash for an amount equal to the gross value of the outstanding receivables (“par”) at the time of closing, which is currently estimated to be $1 billion . The transaction is subject to the defeasance of the balance outstanding under the asset-backed securitization facility as disclosed in Note 16 . The Sale and Purchase Agreement contains customary representations, warranties and covenants. In addition, the Company and Comenity entered into a Credit Card Program Agreement (“Program Agreement”) to provide credit to prime-only credit quality customers with an initial term of seven years and, unless terminated by either party, additional renewal terms of two years. Under the Program Agreement, Comenity will establish a program to issue Sterling credit cards to be serviced, marketed and promoted in accordance with the terms of the agreement. Subject to limited exceptions, Comenity will be the exclusive issuer of private label credit cards or an installment or other closed end loan product in the United States bearing specified Company trademarks, including “Kay”, “Jared” and specified regional brands, but excluding “Zale”, during the term of the agreement. The pre-existing arrangement with Comenity for the issuing of Zale credit cards will be unaffected by the execution of the Program Agreement. Upon expiration or termination by either party of the Program Agreement, Sterling retains the option to purchase, or arrange the purchase by a third party of, the program assets from Comenity on terms that are no more onerous to Sterling than those applicable to Comenity under the Purchase Agreement, or in the case of a purchase by a third party, on customary terms. Additionally, the Company received a signing bonus, which may be repayable under certain conditions if the Program Agreement is terminated, and a right to receive future payments related to the performance of the credit program after the sale is completed under an economic profit sharing agreement. The Program Agreement contains customary representations, warranties and covenants. The Company’s in-house finance receivables have historically been “held for investment” and recorded at par value less an allowance for credit losses. During the second quarter of Fiscal 2018, the portion of the in-house finance receivables meeting the criteria for sale to Comenity were reclassified to “held for sale” in accordance with US GAAP. As a result, these receivables are recorded at the lower of cost (par) or fair value. See Note 15 for the fair value measurement of these held for sale receivables. Additionally, the reclassification of these receivables resulted in the reversal of the related allowance for credit losses of $20.7 million . This reversal was recorded in credit transaction, net in the condensed consolidated income statement for the 13 weeks ended July 29, 2017 . Upon closing, the Company expects to receive gross proceeds of approximately $1.0 billion which will be utilized to repay the $600 million balance outstanding on the asset backed securitization facility and to repay the short-term loan associated with the acquisition of R2Net, Inc. as disclosed in Note 21 and other borrowings under the revolving credit facility. The credit transaction is subject to regulatory approvals and other customary conditions, and is expected to close in October 2017. Accounts receivable, net Signet’s accounts receivable primarily consist of US customer in-house financing receivables. The accounts receivable portfolio consists of a population that is of similar characteristics and is evaluated collectively for impairment. On May 25, 2017, the Company entered into an agreement to sell a portion of the Sterling Jewelers customer in-house finance receivables. As a result, these receivables have been classified as “held for sale” in the condensed consolidated balance sheet and recorded at the lower of cost (par) or fair value. As of July 29, 2017 , the accounts receivable held for sale were recorded at cost (par) as the fair value approximated cost as disclosed in Note 15 . (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Accounts receivable held for investment by portfolio segment, net: Sterling Jewelers customer in-house finance receivables $ 622.6 $ 1,813.3 $ 1,615.6 Zale customer in-house finance receivables 34.0 33.4 25.0 Other accounts receivable 7.9 11.3 10.0 Total accounts receivable, net $ 664.5 $ 1,858.0 $ 1,650.6 Accounts receivable, held for sale $ 1,055.6 $ — $ — Signet grants credit to customers based on a variety of credit quality indicators, including consumer financial information and prior payment experience. On an ongoing basis, management monitors the credit exposure based on past due status and collection experience, as it has found a meaningful correlation between the past due status of customers and the risk of loss. During the third quarter of Fiscal 2016, Signet implemented a program to provide in-house credit to customers in the Zale division’s US locations. The allowance for credit losses associated with Zale customer in-house finance receivables was immaterial as of July 29, 2017 , January 28, 2017 and July 30, 2016 . Other accounts receivable is comprised primarily of accounts receivable relating to the insurance loss replacement business in the UK Jewelry division of $6.9 million ( January 28, 2017 and July 30, 2016 : $11.0 million and $7.6 million , respectively). As a portion of the Sterling Jewelers customer in-house finance receivables have been reclassified as “held for sale” during the second quarter of Fiscal 2018, the allowance for credit losses associated with these receivables has been reversed as of July 29, 2017 . The allowance for credit losses on Sterling Jewelers customer in-house finance receivables “held for investment” is shown below: 26 weeks ended (in millions) July 29, 2017 July 30, 2016 Beginning balance $ (138.7 ) $ (130.0 ) Charge-offs, net 103.9 89.5 Recoveries 17.8 18.3 Provision (118.0 ) (107.2 ) $ (135.0 ) $ (129.4 ) Reversal of allowance on receivables held for sale 20.7 — Ending balance $ (114.3 ) $ (129.4 ) Ending receivable balance evaluated for impairment 736.9 1,745.0 Sterling Jewelers customer in-house finance receivables, net $ 622.6 $ 1,615.6 Net bad debt expense is defined as the provision expense less recoveries. The credit quality indicator and age analysis of Sterling Jewelers customer in-house finance receivables “held for investment” and “held for sale” are shown below: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Gross Valuation Gross Valuation Gross Valuation Performing: Current, aged 0 – 30 days $ 1,394.2 $ (42.8 ) $ 1,538.2 $ (47.2 ) $ 1,350.7 $ (41.3 ) Past due, aged 31 – 60 days 264.6 (8.6 ) 282.0 (9.0 ) 264.1 (8.6 ) Past due, aged 61 – 90 days 52.5 (2.4 ) 51.6 (2.3 ) 53.2 (2.5 ) Non Performing: Past due, aged more than 90 days 81.2 (81.2 ) 80.2 (80.2 ) 77.0 (77.0 ) $ 1,792.5 $ (135.0 ) $ 1,952.0 $ (138.7 ) $ 1,745.0 $ (129.4 ) Less: Amounts attributable to accounts receivable held for sale 1,055.6 (20.7 ) — — — — Accounts receivable held for investment $ 736.9 $ (114.3 ) $ 1,952.0 $ (138.7 ) $ 1,745.0 $ (129.4 ) July 29, 2017 January 28, 2017 July 30, 2016 (as a % of the ending receivable balance) Gross Valuation Gross Valuation Gross Valuation Performing Current, aged 0 – 30 days 77.8 % 3.1 % 78.8 % 3.1 % 77.4 % 3.1 % Past due, aged 31 – 60 days 14.8 % 3.3 % 14.5 % 3.2 % 15.1 % 3.3 % Past due, aged 61 – 90 days 2.9 % 4.6 % 2.6 % 4.5 % 3.1 % 4.7 % Non Performing Past due, aged more than 90 days 4.5 % 100.0 % 4.1 % 100.0 % 4.4 % 100.0 % 100.0 % 7.5 % 100.0 % 7.1 % 100.0 % 7.4 % See Note 3 for additional information regarding the anticipated sale of a portion of the US customer in-house finance receivable portfolio, as well as the agreement to outsource the servicing function for the Company’s remaining in-house finance receivables. Securitized credit card receivables The Sterling Jewelers division securitizes its credit card receivables through its Sterling Jewelers Receivables Master Note Trust. See Note 16 for additional information regarding this asset-backed securitization facility.

Inventories

Inventories	6 Months Ended
	Jul. 29, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories The following table summarizes the Company’s inventory by classification: (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Raw materials $ 56.1 $ 60.8 $ 75.4 Finished goods 2,226.0 2,388.5 2,342.9 Total inventories $ 2,282.1 $ 2,449.3 $ 2,418.3

Goodwill and intangibles

Goodwill and intangibles	6 Months Ended
	Jul. 29, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangibles	Goodwill and intangibles Goodwill The following table summarizes the Company’s goodwill by reportable segment: (in millions) Sterling Zale Piercing UK Jewelry Other Total Balance at January 30, 2016 $ 23.2 $ 488.7 $ — $ — $ 3.6 $ 515.5 Impact of foreign exchange — 2.1 — — — 2.1 Balance at January 28, 2017 23.2 490.8 — — 3.6 517.6 Impact of foreign exchange — 2.3 — — — 2.3 Balance at July 29, 2017 $ 23.2 $ 493.1 $ — $ — $ 3.6 $ 519.9 There have been no goodwill impairment losses recognized during the fiscal periods presented in the condensed consolidated income statements. Intangibles The following table provides detail regarding the composition of intangible assets and liabilities: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Balance sheet location Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Definite-lived intangible assets: Trade names Intangible assets, net $ 1.5 $ (0.9 ) $ 0.6 $ 1.4 $ (0.8 ) $ 0.6 $ 1.4 $ (0.6 ) $ 0.8 Favorable leases Intangible assets, net 48.3 (42.7 ) 5.6 47.6 (36.0 ) 11.6 47.8 (29.4 ) 18.4 Total definite-lived intangible assets 49.8 (43.6 ) 6.2 49.0 (36.8 ) 12.2 49.2 (30.0 ) 19.2 Indefinite-lived trade names Intangible assets, net 407.7 — 407.7 404.8 — 404.8 405.5 — 405.5 Total intangible assets, net $ 457.5 $ (43.6 ) $ 413.9 $ 453.8 $ (36.8 ) $ 417.0 $ 454.7 $ (30.0 ) $ 424.7 Definite-lived intangible liabilities: Unfavorable leases Other liabilities $ (48.9 ) $ 44.3 $ (4.6 ) $ (48.3 ) $ 38.2 $ (10.1 ) $ (48.4 ) $ 31.2 $ (17.2 ) Unfavorable contracts Other liabilities (65.6 ) 36.2 (29.4 ) (65.6 ) 33.5 (32.1 ) (65.6 ) 30.8 (34.8 ) Total intangible liabilities, net $ (114.5 ) $ 80.5 $ (34.0 ) $ (113.9 ) $ 71.7 $ (42.2 ) $ (114.0 ) $ 62.0 $ (52.0 )

Other assets

Other assets	6 Months Ended
	Jul. 29, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other assets	Other assets (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Deferred ESP selling costs $ 87.2 $ 86.1 $ 82.6 Investments (available-for-sale) 28.5 27.2 27.0 Other assets 49.4 51.8 48.4 Total other assets $ 165.1 $ 165.1 $ 158.0 In addition, other current assets include deferred direct selling costs in relation to the sale of extended service plans and lifetime warranty agreements (“ESP”) of $29.7 million as of July 29, 2017 ( January 28, 2017 and July 30, 2016 : $29.4 million and $27.7 million , respectively).

Derivatives

Derivatives	6 Months Ended
	Jul. 29, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Derivative transactions are used by Signet for risk management purposes to address risks inherent in Signet’s business operations and sources of financing. The main risks arising from Signet’s operations are market risk including foreign currency risk, commodity risk, liquidity risk and interest rate risk. Signet uses derivative financial instruments to manage and mitigate certain of these risks under policies reviewed and approved by the Board of Directors. Signet does not enter into derivative transactions for speculative purposes. Market risk Signet generates revenues and incurs expenses in US dollars, Canadian dollars and British pounds. As a portion of UK Jewelry purchases and purchases made by the Canadian operations of the Zale division are denominated in US dollars, Signet enters into forward foreign currency exchange contracts and foreign currency swaps to manage this exposure to the US dollar. Signet holds a fluctuating amount of British pounds and Canadian dollars reflecting the cash generative characteristics of operations. Signet’s objective is to minimize net foreign exchange exposure to the income statement on non-US dollar denominated items through managing cash levels, non-US dollar denominated intra-entity balances and foreign currency swaps. In order to manage the foreign exchange exposure and minimize the level of funds denominated in British pounds and Canadian dollars, dividends are paid regularly by subsidiaries to their immediate holding companies and excess British pounds and Canadian dollars are sold in exchange for US dollars. Signet’s policy is to minimize the impact of precious metal commodity price volatility on operating results through the use of outright forward purchases of, or by entering into options to purchase, precious metals within treasury guidelines approved by the Board of Directors. In particular, Signet undertakes some hedging of its requirements for gold through the use of options, net zero-cost collar arrangements (a combination of call and put option contracts), forward contracts and commodity purchasing, while fluctuations in the cost of diamonds are not hedged. Liquidity risk Signet’s objective is to ensure that it has access to, or the ability to generate, sufficient cash from either internal or external sources in a timely and cost-effective manner to meet its commitments as they become due and payable. Signet manages liquidity risks as part of its overall risk management policy. Management produces forecasting and budgeting information that is reviewed and monitored by the Board of Directors. Cash generated from operations and external financing are the main sources of funding, which supplement Signet’s resources in meeting liquidity requirements. The main external sources of funding are a senior unsecured credit facility, senior unsecured notes and securitized credit card receivables, as described in Note 16 . Interest rate risk Signet has exposure to movements in interest rates associated with cash and borrowings. Signet may enter into various interest rate protection agreements in order to limit the impact of movements in interest rates. Interest rate swap (designated) — The Company entered into an interest rate swap in March 2015 with an aggregate notional amount of $300.0 million that is scheduled to mature through April 2019 . Under this contract, the Company agrees to exchange, at specified intervals, the difference between fixed contract rates and floating rate interest amounts calculated by reference to the agreed notional amounts. This contract was entered into to reduce the consolidated interest rate risk associated with variable rate, long-term debt. The Company designated this derivative as a cash flow hedge of the variability in expected cash outflows for interest payments. The Company has effectively converted a portion of its variable-rate senior unsecured term loan into fixed-rate debt. The fair value of the swap is presented within the condensed consolidated balance sheets, and the Company recognizes any changes in the fair value as an adjustment of AOCI within equity to the extent the swap is effective. The ineffective portion, if any, is recognized in current period earnings. As interest expense is accrued on the debt obligation, amounts in AOCI related to the interest rate swap are reclassified into income resulting in a net interest expense on the hedged amount of the underlying debt obligation equal to the effective yield of the fixed rate of the swap. In the event that the interest rate swap is dedesignated prior to maturity, gains or losses in AOCI remain deferred and are reclassified into earnings in the periods in which the hedged forecasted transaction affects earnings. Credit risk and concentrations of credit risk Credit risk represents the loss that would be recognized at the reporting date if counterparties failed to perform as contracted. Signet does not anticipate non-performance by counterparties of its financial instruments, except for customer in-house financing receivables as disclosed in Note 10 of which no single customer represents a significant portion of the Company’s receivable balance. Signet does not require collateral or other security to support cash investments or financial instruments with credit risk; however, it is Signet’s policy to only hold cash and cash equivalent investments and to transact financial instruments with financial institutions with a certain minimum credit rating. Management does not believe Signet is exposed to any significant concentrations of credit risk that arise from cash and cash equivalent investments, derivatives or accounts receivable. Commodity and foreign currency risks The following types of derivative financial instruments are utilized by Signet to mitigate certain risk exposures related to changes in commodity prices and foreign exchange rates: Forward foreign currency exchange contracts (designated) — These contracts, which are principally in US dollars, are entered into to limit the impact of movements in foreign exchange rates on forecasted foreign currency purchases. The total notional amount of these foreign currency contracts outstanding as of July 29, 2017 was $35.3 million ( January 28, 2017 and July 30, 2016 : $37.8 million and $39.2 million , respectively). These contracts have been designated as cash flow hedges and will be settled over the next 12 months ( January 28, 2017 and July 30, 2016 : 12 months and 12 months , respectively). Forward foreign currency exchange contracts (undesignated) — Foreign currency contracts not designated as cash flow hedges are used to limit the impact of movements in foreign exchange rates on recognized foreign currency payables and to hedge currency flows through Signet’s bank accounts to mitigate Signet’s exposure to foreign currency exchange risk in its cash and borrowings. The total notional amount of these foreign currency contracts outstanding as of July 29, 2017 was $40.7 million ( January 28, 2017 and July 30, 2016 : $117.8 million and $19.5 million , respectively). Commodity forward purchase contracts and net zero-cost collar arrangements (designated) — These contracts are entered into to reduce Signet’s exposure to significant movements in the price of the underlying precious metal raw material. The total notional amount of these commodity derivative contracts outstanding as of July 29, 2017 was 47,000 ounces of gold ( January 28, 2017 and July 30, 2016 : 94,000 ounces and 27,000 ounces , respectively). These contracts have been designated as cash flow hedges and will be settled over the next 12 months ( January 28, 2017 and July 30, 2016 : 12 months and 6 months , respectively). The bank counterparties to the derivative instruments expose Signet to credit-related losses in the event of their non-performance. However, to mitigate that risk, Signet only contracts with counterparties that meet certain minimum requirements under its counterparty risk assessment process. As of July 29, 2017 , Signet believes that this credit risk did not materially change the fair value of the foreign currency or commodity contracts. 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 29, 2017 January 28, 2017 July 30, 2016 Derivatives designated as hedging instruments: Foreign currency contracts Other current assets $ 0.1 $ 1.4 $ 2.6 Commodity contracts Other current assets 1.4 — 4.0 Interest rate swaps Other assets 0.7 0.4 — $ 2.2 $ 1.8 $ 6.6 Derivatives not designated as hedging instruments: Foreign currency contracts Other current assets 0.4 1.8 0.2 Total derivative assets $ 2.6 $ 3.6 $ 6.8 Fair value of derivative liabilities (in millions) Balance sheet location July 29, 2017 January 28, 2017 July 30, 2016 Derivatives designated as hedging instruments: Foreign currency contracts Other current liabilities $ (1.0 ) $ (0.2 ) $ (0.1 ) Commodity contracts Other current liabilities — (3.4 ) — Interest rate swaps Other liabilities — — (3.8 ) $ (1.0 ) $ (3.6 ) $ (3.9 ) Derivatives not designated as hedging instruments: Foreign currency contracts Other current liabilities (0.1 ) — — Total derivative liabilities $ (1.1 ) $ (3.6 ) $ (3.9 ) Derivatives designated as cash flow hedges The following table summarizes the pre-tax gains recorded in AOCI for derivatives designated in cash flow hedging relationships: (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Foreign currency contracts $ 0.6 $ 4.1 $ 3.8 Commodity contracts 1.0 (2.1 ) 6.2 Interest rate swaps 0.7 0.4 (3.8 ) Gains recorded in AOCI $ 2.3 $ 2.4 $ 6.2 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 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Gains recorded in AOCI, beginning of period $ 2.1 $ 0.6 $ 4.1 $ 1.4 Current period (losses) gains recognized in OCI (0.3 ) 3.6 (1.3 ) 3.0 Gains reclassified from AOCI to net income Cost of sales (1.2 ) (0.4 ) (2.2 ) (0.6 ) Gains recorded in AOCI, end of period $ 0.6 $ 3.8 $ 0.6 $ 3.8 Commodity contracts 13 weeks ended 26 weeks ended (in millions) Income statement caption July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Gains (losses) recorded in AOCI, beginning of period $ 2.1 $ 4.4 $ (2.1 ) $ (3.7 ) Current period (losses) gains recognized in OCI (0.8 ) 1.0 4.6 7.9 (Gains) losses reclassified from AOCI to net income Cost of sales (0.3 ) 0.8 (1.5 ) 2.0 Gains recorded in AOCI, end of period $ 1.0 $ 6.2 $ 1.0 $ 6.2 Interest rate swaps 13 weeks ended 26 weeks ended (in millions) Income statement caption July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Gains (losses) recorded in AOCI, beginning of period $ 0.8 $ (3.2 ) $ 0.4 $ (3.4 ) Current period losses recognized in OCI (0.2 ) (1.2 ) (0.1 ) (1.6 ) Losses reclassified from AOCI to net income Interest expense, net 0.1 0.6 0.4 1.2 Gains (losses) recorded in AOCI, end of period $ 0.7 $ (3.8 ) $ 0.7 $ (3.8 ) There was no material ineffectiveness related to the Company’s derivative instruments designated in cash flow hedging relationships for the 13 and 26 weeks ended July 29, 2017 and July 30, 2016 . Based on current valuations, the Company expects approximately $1.7 million of net pre-tax derivative gains to be reclassified out of AOCI into earnings within the next 12 months . Derivatives not designated as hedging instruments 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 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Derivatives not designated as hedging instruments: Foreign currency contracts Other operating income, net $ 4.9 $ 1.9 $ 3.2 $ 1.6

Fair value measurements

Fair value measurements	6 Months Ended
	Jul. 29, 2017
Fair Value Disclosures [Abstract]
Fair value measurements	Fair value measurement The estimated fair value of Signet’s financial instruments held or issued to finance Signet’s operations is summarized below. Certain estimates and judgments were required to develop the fair value amounts. The fair value amounts shown below are not necessarily indicative of the amounts that Signet would realize upon disposition nor do they indicate Signet’s intent or ability to dispose of the financial instrument. Assets and liabilities that are carried at fair value are required to be classified and disclosed in one of the following three categories: Level 1—quoted market prices in active markets for identical assets and liabilities Level 2—observable market based inputs or unobservable inputs that are corroborated by market data Level 3—unobservable inputs that are not corroborated by market data Signet determines fair value based upon quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. The methods Signet uses to determine fair value on an instrument-specific basis are detailed below: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Carrying Value Quoted prices in active markets for identical assets Significant Carrying Value Quoted prices in active markets for identical assets Significant Carrying Value Quoted prices in active markets for identical assets Significant Assets: US Treasury securities $ 7.9 $ 7.9 $ — $ 8.1 $ 8.1 $ — $ 8.3 $ 8.3 $ — Corporate equity securities 4.1 4.1 — 3.8 3.8 — 3.6 3.6 — Foreign currency contracts 0.5 — 0.5 3.2 — 3.2 2.8 — 2.8 Commodity contracts 1.4 — 1.4 — — — 4.0 — 4.0 Interest rate swaps 0.7 0.7 0.4 — 0.4 — — — US government agency securities 5.3 — 5.3 4.4 — 4.4 4.3 — 4.3 Corporate bonds and notes 11.2 — 11.2 10.9 — 10.9 10.8 — 10.8 Total assets $ 31.1 $ 12.0 $ 19.1 $ 30.8 $ 11.9 $ 18.9 $ 33.8 $ 11.9 $ 21.9 Liabilities: Foreign currency contracts $ (1.1 ) $ — $ (1.1 ) $ (0.2 ) $ — $ (0.2 ) $ (0.1 ) $ — $ (0.1 ) Commodity contracts — — — (3.4 ) — (3.4 ) — — — Interest rate swaps — — — — — — (3.8 ) — (3.8 ) Total liabilities $ (1.1 ) $ — $ (1.1 ) $ (3.6 ) $ — $ (3.6 ) $ (3.9 ) $ — $ (3.9 ) Investments in US Treasury securities and corporate equity securities are based on quoted market prices for identical instruments in active markets, and therefore were classified as Level 1 measurements in the fair value hierarchy. Investments in US government agency securities and corporate bonds and notes are based on quoted prices for similar instruments in active markets, and therefore were classified as Level 2 measurements in the fair value hierarchy. The fair value of derivative financial instruments has been determined based on market value equivalents at the balance sheet date, taking into account the current interest rate environment, foreign currency forward rates or commodity forward rates, and therefore were classified as Level 2 measurements in the fair value hierarchy. See Note 14 for additional information related to the Company’s derivatives. The carrying amounts of cash and cash equivalents, accounts receivable, other receivables, accounts payable, accrued expenses, other liabilities, income taxes and the revolving credit facility approximate fair value because of the short-term maturity of these amounts. The fair values of long-term debt instruments were determined using quoted market prices in inactive markets or discounted cash flows based upon current observable market interest rates and therefore were classified as Level 2 measurements in the fair value hierarchy. See Note 16 for classification between current and long-term debt. The carrying amount and fair value of outstanding debt at July 29, 2017 , January 28, 2017 and July 30, 2016 were as follows: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Carrying Fair Value Carrying Fair Value Carrying Fair Value Long-term debt: Senior notes (Level 2) $ 394.1 $ 394.7 $ 393.7 $ 391.2 $ 393.3 $ 403.3 Securitization facility (Level 2) 599.8 600.0 599.7 600.0 599.5 600.0 Term loan (Level 2) 336.5 339.6 345.1 348.6 353.6 357.5 Capital lease obligations (Level 2) — — — — 0.1 0.1 Total $ 1,330.4 $ 1,334.3 $ 1,338.5 $ 1,339.8 $ 1,346.5 $ 1,360.9 Financial instruments measured at fair value on a non-recurring basis The portion of the Sterling Jewelers customer in-house finance receivables “held for sale” are recorded at the lower of cost (par) or fair value as disclosed in Note 3 . The fair value of the accounts receivable held for sale has been determined based on a discounted cash flow model using estimates and assumptions regarding future in-house finance portfolio performance. This fair value estimate is primarily based on Level 3 inputs in the fair value hierarchy, including the discount rate, payment rate, credit losses, and finance charge income. Based on comparable market participant data, a discount rate of 13% has been utilized. Based on historical and expected portfolio performance, the following assumptions were utilized within the model: – Monthly payment rate approximating 12% . – Annual credit loss rate approximating 2% . – Annual finance charge income approximating 15% of the underlying receivables. The estimated fair value of accounts receivable held for sale approximated par. This value is solely derived from the contractual cash flows associated with our accounts receivable held for sale, does not encompass other terms or elements within our contract with Comenity and may not be representative of a gain or loss upon the consummation of the transaction. See Note 3 for additional information regarding the credit transaction entered into with Comenity on May 25, 2017.

Loans, overdrafts and long-term

Loans, overdrafts and long-term debt	6 Months Ended
	Jul. 29, 2017
Debt Disclosure [Abstract]
Loans, overdrafts and long-term debt	Loans, overdrafts and long-term debt (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Debt: Senior unsecured notes due 2024, net of unamortized discount $ 398.9 $ 398.8 $ 398.7 Securitization facility 600.0 600.0 600.0 Senior unsecured term loan 339.6 348.6 357.5 Revolving credit facility 303.0 56.0 200.0 Bank overdrafts 11.1 14.2 22.1 Capital lease obligations — — 0.1 Total debt $ 1,652.6 $ 1,417.6 $ 1,578.4 Less: Current portion of loans and overdrafts (939.4 ) (91.1 ) (238.6 ) Less: Unamortized capitalized debt issuance fees (7.9 ) (8.6 ) (9.3 ) Total long-term debt $ 705.3 $ 1,317.9 $ 1,330.5 Revolving credit facility and term loan (the “ Credit Facility ” ) The Company’s Credit Facility contains a $700 million senior unsecured multi-currency multi-year revolving credit facility and a $357.5 million senior unsecured term loan facility. The maturity date for the Credit Facility, including both individual facilities disclosed above, is July 2021. Capitalized fees associated with the revolving credit facility as of July 29, 2017 total $2.6 million with the unamortized balance recorded as an asset within the condensed consolidated balance sheets. Accumulated amortization related to these capitalized fees as of July 29, 2017 was $1.0 million ( January 28, 2017 and July 30, 2016 : $0.8 million and $0.6 million , respectively). Amortization relating to these fees of $0.1 million and $0.2 million was recorded as interest expense in the condensed consolidated income statements for the 13 and 26 weeks ended July 29, 2017 , respectively ( $0.1 million and $0.2 million for the 13 and 26 weeks ended July 30, 2016 , respectively). As of July 29, 2017 , January 28, 2017 and July 30, 2016 , the Company had stand-by letters of credit outstanding of $15.3 million , $15.3 million and $14.8 million , respectively, that reduce remaining borrowing availability. The revolving credit facility had a weighted average interest rate of 2.40% and 1.54% during the 26 weeks ended July 29, 2017 and July 30, 2016 , respectively. Capitalized fees associated with the term loan facility as of July 29, 2017 total $6.2 million with the unamortized balance recorded as a direct deduction from the outstanding liability within the condensed consolidated balance sheets. Accumulated amortization related to these capitalized fees as of July 29, 2017 was $3.1 million ( January 28, 2017 and July 30, 2016 : $2.7 million and $2.3 million , respectively). Amortization relating to these fees of $0.2 million and $0.4 million was recorded as interest expense in the condensed consolidated income statements for the 13 and 26 weeks ended July 29, 2017 , respectively ( $0.2 million and $0.5 million for the 13 and 26 weeks ended July 30, 2016 , respectively). Excluding the impact of the interest rate swap designated as a cash flow hedge discussed in Note 14 , the term loan had a weighted average interest rate of 2.25% and 1.71% during the 26 weeks ended July 29, 2017 and July 30, 2016 , respectively. Senior unsecured notes due 2024 Signet UK Finance plc (“Signet UK Finance”), a wholly owned subsidiary of the Company, issued $400 million aggregate principal amount of its 4.700% senior unsecured notes due in 2024 (the “Notes”). The Notes were issued under an effective registration statement previously filed with the SEC. The Notes are jointly and severally guaranteed, on a full and unconditional basis, by the Company and by certain of the Company’s wholly owned subsidiaries (such subsidiaries, the “Guarantors”). See Note 22 for additional information. Capitalized fees relating to the senior unsecured notes total $7.0 million . Accumulated amortization related to these capitalized fees as of July 29, 2017 was $2.2 million ( January 28, 2017 and July 30, 2016 : $1.9 million and $1.5 million , respectively). The remaining unamortized capitalized fees are recorded as a direct deduction from the outstanding liability within the condensed consolidated balance sheets. Amortization relating to these fees of $0.1 million and $0.3 million was recorded as interest expense in the condensed consolidated income statements for the 13 and 26 weeks ended July 29, 2017 , respectively ( $0.1 million and $0.3 million for the 13 and 26 weeks ended July 30, 2016 , respectively). Asset-backed securitization facility The Company sold an undivided interest in certain credit card receivables to Sterling Jewelers Receivables Master Note Trust (the “Issuer”) and issued two -year revolving asset-backed variable funding notes. Capitalized fees associated with the asset-backed securitization facility as of July 29, 2017 total $3.4 million , offset by accumulated amortization of $3.2 million ( January 28, 2017 and July 30, 2016 : $3.1 million and $2.9 million , respectively), with the unamortized balance recorded as an asset within the condensed consolidated balance sheets. Amortization relating to these fees of $0.1 million was recorded as interest expense in the condensed consolidated income statements for the 13 and 26 weeks ended July 29, 2017 ( $0.2 million and $0.5 million for the 13 and 26 weeks ended July 30, 2016 , respectively). The asset-backed securitization facility had a weighted average interest rate of 2.46% and 1.92% during the 26 weeks ended July 29, 2017 and July 30, 2016 , respectively. As a condition of the pending credit transaction disclosed in Note 3 , the Company is required to defease the asset-backed securitization facility to transfer the receivables free and clear. The $600.0 million balance outstanding on the asset-backed securitization facility was reclassified from long-term debt to current portion of loans and overdrafts in the condensed consolidated balance sheet as of July 29, 2017 due to the expected repayment within the next 12 months. Other As of July 29, 2017 , January 28, 2017 and July 30, 2016 , the Company was in compliance with all debt covenants.

Deferred revenue

Deferred revenue	6 Months Ended
	Jul. 29, 2017
Deferred Revenue Disclosure [Abstract]
Deferred revenue	Deferred revenue Deferred revenue is comprised primarily of ESP and voucher promotions and other as follows: (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Sterling Jewelers ESP deferred revenue $ 732.7 $ 737.4 $ 720.3 Zale ESP deferred revenue 169.5 168.2 156.2 Voucher promotions and other 18.9 30.3 17.9 Total deferred revenue $ 921.1 $ 935.9 $ 894.4 Disclosed as: Current liabilities $ 262.3 $ 276.9 $ 254.5 Non-current liabilities 658.8 659.0 639.9 Total deferred revenue $ 921.1 $ 935.9 $ 894.4 ESP deferred revenue 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Sterling Jewelers ESP deferred revenue, beginning of period $ 736.0 $ 723.8 $ 737.4 $ 715.1 Plans sold 63.5 61.6 128.8 137.6 Revenue recognized (66.8 ) (65.1 ) (133.5 ) (132.4 ) Sterling Jewelers ESP deferred revenue, end of period $ 732.7 $ 720.3 $ 732.7 $ 720.3 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Zale ESP deferred revenue, beginning of period $ 167.7 $ 155.1 $ 168.2 $ 146.1 Plans sold (1) 33.3 31.9 64.6 72.5 Revenue recognized (31.5 ) (30.8 ) (63.3 ) (62.4 ) Zale ESP deferred revenue, end of period $ 169.5 $ 156.2 $ 169.5 $ 156.2 (1) Includes impact of foreign exchange translation.

Warranty reserve

Warranty reserve	6 Months Ended
	Jul. 29, 2017
Other Liabilities Disclosure [Abstract]
Warranty reserve	Warranty reserve Sterling Jewelers and Zale Jewelry segments provide a product lifetime diamond guarantee as long as six-month inspections are performed and certified by an authorized store representative. Provided the customer has complied with the six-month inspection policy, the Company will replace, at no cost to the customer, any stone that chips, breaks or is lost from its original setting during normal wear. Management estimates the warranty accrual based on the lag of actual claims experience and the costs of such claims, inclusive of labor and material. Sterling Jewelers also provides a similar product lifetime guarantee on color gemstones. The warranty reserve for diamond and gemstone guarantee, included in accrued expenses and other current liabilities and other non-current liabilities, is as follows: 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Warranty reserve, beginning of period $ 39.2 $ 41.3 $ 40.0 $ 41.9 Warranty expense 2.5 2.8 4.8 5.7 Utilized (1) (2.4 ) (3.7 ) (5.5 ) (7.2 ) Warranty reserve, end of period $ 39.3 $ 40.4 $ 39.3 $ 40.4 (1) Includes impact of foreign exchange translation. (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Disclosed as: Current liabilities $ 12.2 $ 13.0 $ 12.5 Non-current liabilities 27.1 27.0 27.9 Total warranty reserve $ 39.3 $ 40.0 $ 40.4

Share-based compensation

Share-based compensation	6 Months Ended
	Jul. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation	Share-based compensation Signet recorded share-based compensation expense of $4.0 million and $6.7 million for the 13 and 26 weeks ended July 29, 2017 , respectively, related to the Omnibus Plan and Share Saving Plans (13 and 26 weeks ended July 30, 2016 : $5.0 million and $8.8 million ).

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Jul. 29, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Legal proceedings Employment practices As previously reported, in March 2008, a group of private plaintiffs (the “Claimants”) filed a class action lawsuit for an unspecified amount against SJI, a subsidiary of Signet, in the US District Court for the Southern District of New York alleging that US store-level employment practices are discriminatory as to compensation and promotional activities with respect to gender. In June 2008, the District Court referred the matter to private arbitration where the Claimants sought to proceed on a class-wide basis. The Claimants filed a motion for class certification and SJI opposed the motion. A hearing on the class certification motion was held in late February 2014. On February 2, 2015, the arbitrator issued a Class Determination Award in which she certified for a class-wide hearing Claimants’ disparate impact declaratory and injunctive relief class claim under Title VII, with a class period of July 22, 2004 through date of trial for the Claimants’ compensation claims and December 7, 2004 through date of trial for Claimants’ promotion claims. The arbitrator otherwise denied Claimants’ motion to certify a disparate treatment class alleged under Title VII, denied a disparate impact monetary damages class alleged under Title VII, and denied an opt-out monetary damages class under the Equal Pay Act. On February 9, 2015, Claimants filed an Emergency Motion To Restrict Communications With The Certified Class And For Corrective Notice. SJI filed its opposition to Claimants’ emergency motion on February 17, 2015, and a hearing was held on February 18, 2015. Claimants’ motion was granted in part and denied in part in an order issued on March 16, 2015. Claimants filed a Motion for Reconsideration Regarding Title VII Claims for Disparate Treatment in Compensation on February 11, 2015. SJI filed its opposition to Claimants’ Motion for Reconsideration on March 4, 2015. Claimants’ reply was filed on March 16, 2015. Claimants’ Motion was denied in an order issued April 27, 2015. SJI filed with the US District Court for the Southern District of New York a Motion to Vacate the Arbitrator’s Class Certification Award on March 3, 2015. Claimants’ opposition was filed on March 23, 2015 and SJI’s reply was filed on April 3, 2015. SJI’s motion was heard on May 4, 2015. On November 16, 2015, the US District Court for the Southern District of New York granted SJI’s Motion to Vacate the Arbitrator’s Class Certification Award in part and denied it in part. On November 25, 2015, SJI filed a Motion to Stay the AAA Proceedings while SJI appeals the decision of the US District Court for the Southern District of New York to the United States Court of Appeals for the Second Circuit. Claimants filed their opposition on December 2, 2015. On December 3, 2015, SJI filed with the United States Court of Appeals for the Second Circuit SJI’s Notice of Appeal of the Southern District’s November 16, 2015 Opinion and Order. The arbitrator issued an order denying SJI’s Motion to Stay on February 22, 2016. SJI filed its Brief and Special Appendix with the Second Circuit on March 16, 2016. The matter was fully briefed and oral argument was heard by the U.S. Court of Appeals for the Second Circuit on November 2, 2016. On April 6, 2015, Claimants filed in the AAA Claimants’ Motion for Clarification or in the Alternative Motion for Stay of the Effect of the Class Certification Award as to the Individual Intentional Discrimination Claims. SJI filed its opposition on May 12, 2015. Claimants’ reply was filed on May 22, 2015. Claimants’ motion was granted on June 15, 2015. Claimants filed Claimants’ Motion for Conditional Certification of Claimants’ Equal Pay Act Claims and Authorization of Notice on March 6, 2015. SJI’s opposition was filed on May 1, 2015. Claimants filed their reply on June 5, 2015. The arbitrator heard oral argument on Claimants’ Motion on December 18, 2015 and, on February 29, 2016, issued an Equal Pay Act Collective Action Conditional Certification Award and Order Re Claimants’ Motion For Tolling Of EPA Limitations Period, conditionally certifying Claimants’ Equal Pay Act claims as a collective action, and tolling the statute of limitations on EPA claims to October 16, 2003 to ninety days after notice issues to the putative members of the collective action. SJI filed in the AAA a Motion To Stay Arbitration Pending The District Court’s Consideration Of Respondent’s Motion To Vacate Arbitrator’s Equal Pay Act Collective Action Conditional Certification Award And Order Re Claimants’ Motion For Tolling Of EPA Limitations Period on March 10, 2016. SJI filed in the AAA a Renewed Motion To Stay Arbitration Pending The District Court’s Resolution Of Sterling’s Motion To Vacate Arbitrator’s Equal Pay Act Collective Action Conditional Certification Award And Order Re Claimants’ Motion For Tolling Of EPA Limitations Period on March 31, 2016. Claimants filed their opposition on April 4, 2016. The arbitrator denied SJI’s Motion on April 5, 2016. On March 23, 2016 SJI filed with the US District Court for the Southern District of New York a Motion To Vacate The Arbitrator’s Equal Pay Act Collective Action Conditional Certification Award And Order Re Claimants’ Motion For Tolling Of EPA Limitations Period. Claimants filed their opposition brief on April 11, 2016, SJI filed its reply on April 20, 2016, and oral argument was heard on SJI’s Motion on May 11, 2016. SJI’s Motion was denied on May 22, 2016. On May 31, 2016, SJI filed a Notice Of Appeal of Judge Rakoff’s opinion and order to the Second Circuit Court of Appeals. SJI’s brief was filed September 13, 2016, and Claimants’ brief was filed on December 13, 2016, SJI filed its reply brief on January 10, 2017, and oral argument was heard on May 9, 2017. On June 1, 2017 the Second Circuit Court of Appeals dismissed SJI’s appeal for lack of appellate jurisdiction. Claimants filed a Motion For Amended Class Determination Award on November 18, 2015, and on March 31, 2016 the arbitrator entered an order amending the Title VII class certification award to preclude class members from requesting exclusion from the injunctive and declaratory relief class certified in the arbitration. The arbitrator issued a Bifurcated Case Management Plan on April 5, 2016, and ordered into effect the parties’ Stipulation Regarding Notice Of Equal Pay Act Collective Action And Related Notice Administrative Procedures on April 7, 2016. SJI filed in the AAA a Motion For Protective Order on May 2, 2016. Claimants’ opposition was filed on June 3, 2016. The matter was fully briefed and oral argument was heard on July 22, 2016. The motion was granted in part on January 27, 2017. Notice to EPA collective action members was issued on May 3, 2016, and the opt-in period for these notice recipients closed on August 1, 2016. At this time, 10,314 current and former employees have submitted consent forms to opt in to the collective action. On July 24, 2017, the United States Court of Appeals for the Second Circuit issued its unanimous Summary Order that held that the absent class members “never consented” to the Arbitrator determining the permissibility of class arbitration under the agreements, and remanded the matter to the District Court to determine whether the Arbitrator exceeded her authority by certifying the Title VII class that contained absent class members who had not opted in the litigation. On August 7, 2017, SJI filed its Renewed Motion to Vacate the Class Determination Award relative to absent class members with the District Court. The Claimants’ opposition is due on August 28, 2017, with SJI’s reply being due on September 11, 2017. The District Court will hold oral argument for the motion on September 25, 2017. We anticipate trial to begin the week of April 2, 2018, or as soon thereafter as the Arbitrator’s schedule permits. SJI denies the allegations of the Claimants and has been defending the case vigorously. At this point, no outcome or possible loss or range of losses, if any, arising from the litigation is able to be estimated. Also, as previously reported, on September 23, 2008, the US Equal Employment Opportunity Commission (“EEOC”) filed a lawsuit against SJI in the US District Court for the Western District of New York. The EEOC’s lawsuit alleges that SJI engaged in intentional and disparate impact gender discrimination with respect to pay and promotions of female retail store employees from January 1, 2003 to the present. The EEOC asserts claims for unspecified monetary relief and non-monetary relief against the Company on behalf of a class of female employees subjected to these alleged practices. Non-expert fact discovery closed in mid-May 2013. In September 2013, SJI made a motion for partial summary judgment on procedural grounds, which was referred to a Magistrate Judge. The Magistrate Judge heard oral arguments on the summary judgment motion in December 2013. On January 2, 2014, the Magistrate Judge issued his Report, Recommendation and Order, recommending that the Court grant SJI’s motion for partial summary judgment and dismiss the EEOC’s claims in their entirety. The EEOC filed its objections to the Magistrate Judge’s ruling and SJI filed its response thereto. The District Court Judge heard oral arguments on the EEOC’s objections to the Magistrate Judge’s ruling on March 7, 2014 and on March 11, 2014 entered an order dismissing the action with prejudice. On May 12, 2014, the EEOC filed its Notice of Appeal of the District Court Judge’s dismissal of the action to United States Court of Appeals for the Second Circuit. The parties fully briefed the appeal and oral argument occurred on May 5, 2015. On September 9, 2015, the United States Court of Appeals for the Second Circuit issued a decision vacating the District Court’s order and remanding the case back to the District Court for further proceedings. SJI filed a Petition for Panel Rehearing and En Banc Review with the United States Court of Appeals for the Second Circuit, which was denied on December 1, 2015. On December 4, 2015, SJI filed in the United States Court of Appeals for the Second Circuit a Motion Of Appellee Sterling Jewelers Inc. For Stay Of Mandate Pending Petition For Writ Of Certiorari. The Motion was granted by the Second Circuit on December 10, 2015. SJI filed a Petition For Writ Of Certiorari in the Supreme Court of the United States on April 29, 2016, which was denied. The case was remanded to the Western District of New York and on November 2, 2016, the Court issued a case scheduling order. On January 25, 2017, the parties filed a joint motion to extend case scheduling order deadlines. The motion was granted on January 27, 2017. On May 5, 2017 the U.S. District Court for the Western District of New York approved and entered the Consent Decree jointly proposed by the EEOC and SJI, resolving all of the EEOC’s claims against SJI in this litigation for various injunctive relief including but not limited to the appointment of an employment practices expert to review specific policies and practices, a compliance officer to be employed by SJI, as well as obligations relative to training, notices, reporting and record-keeping. The Consent Decree does not require an outside third party monitor or require any monetary payment. The duration of the Consent Decree is three years and three months, expiring on August 4, 2020. Prior to the Acquisition, Zale Corporation was a defendant in three class action lawsuits: Tessa Hodge v. Zale Delaware, Inc., d/b/a Piercing Pagoda which was filed on April 23, 2013 in the Superior Court of the State of California, County of San Bernardino; Naomi Tapia v. Zale Corporation which was filed on July 3, 2013 in the US District Court, Southern District of California; and Melissa Roberts v. Zale Delaware, Inc. which was filed on October 7, 2013 in the Superior Court of the State of California, County of Los Angeles. All three cases include allegations that Zale Corporation violated various wage and hour labor laws. Relief is sought on behalf of current and former Piercing Pagoda and Zale Corporation’s employees. The lawsuits sought to recover damages, penalties and attorneys’ fees as a result of the alleged violations. Without admitting or conceding any liability, the Company reached an agreement to settle the Hodge and Roberts matters for an immaterial amount. Final approval of the settlement was granted on March 9, 2015 and the settlement was implemented. On December 28, 2016, the Company participated in a mediation of an employment class action brought against Zale Delaware Inc. d/b/a Zale Corporation. The mediation resulted in a settlement agreement signed by both parties. The settlement resolved various California wage and hour claims involving all current and former employees of Zale Delaware Inc. d/b/a Zale Corporation who were designated as nonexempt and worked in California at any time from July 3, 2010 to present. The Court granted final approval of the settlement on July 14, 2017. Shareholder Action In August 2016, two alleged Company shareholders each filed a putative class action complaint in the United States District Court for the Southern District of New York against the Company and its then-current Chief Executive Officer and current Chief Financial Officer (Nos. 16-cv-6728 and 16-cv-6861, the “S.D.N.Y. cases”). On September 16, 2016, the Court consolidated the S.D.N.Y. cases under case number 16-cv-6728. On April 3, 2017, the plaintiffs filed a second amended complaint, purportedly on behalf of persons that acquired the Company’s securities on or between August 29, 2013, and February 27, 2017, naming as defendants the Company, its then-current and former Chief Executive Officers, and its current and former Chief Financial Officers. The second amended complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, misrepresenting the Company’s business and earnings by (i) failing to disclose that the Company was allegedly having issues ensuring the safety of customers’ jewelry while in the Company’s custody for repairs, which allegedly damaged customer confidence; (ii) making misleading statements about the Company’s credit portfolio; and (iii) failing to disclose reports of sexual harassment allegations that were raised by claimants in an ongoing pay and promotion gender discrimination class arbitration (the “Arbitration”). The second amended complaint alleged that the Company’s share price was artificially inflated as a result of the alleged misrepresentations and sought unspecified compensatory damages and costs and expenses, including attorneys’ and experts’ fees. In March 2017, two other alleged Company shareholders each filed a putative class action complaint in the United States District Court for the Northern District of Texas against the Company and its then-current and former Chief Executive Officers (Nos. 17-cv-875 and 17-cv-923, the “N.D. Tex. cases”). Those complaints were nearly identical to each other and alleged that the defendants’ statements concerning the Arbitration violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The N.D. Tex. cases were subsequently transferred to the Southern District of New York and consolidated with the S.D.N.Y. cases. On July 27, 2017, the Court appointed a lead plaintiff and lead plaintiff’s counsel in the consolidated action. On August 3, 2017, the Court ordered the lead plaintiff to file a third amended complaint by September 29, 2017. The defendants must answer or otherwise respond to the third amended complaint by December 1, 2017. The Company believes that the claims brought in these shareholder actions are without merit and cannot estimate a range of potential liability, if any, at this time. In the ordinary course of business, Signet may be subject, from time to time, to various other proceedings, lawsuits, disputes or claims incidental to its business, which the Company believes are not significant to Signet’s consolidated financial position, results of operations or cash flows.

Subsequent events

Subsequent events	6 Months Ended
	Jul. 29, 2017
Subsequent Events [Abstract]
Subsequent events	Subsequent events On August 23, 2017, Sterling Jewelers Inc. (“ Sterling ”), a Delaware corporation and a wholly-owned subsidiary of Signet, entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Signet (solely for purposes of Section 8.12 of the Merger Agreement), Aquarius Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Sterling (“ Merger Sub ”), R2Net Inc., a Delaware corporation (“ R2Net ”), and Shareholder Representative Services LLC, a Colorado limited liability company, in its capacity as Seller’s Representative (as defined in the Merger Agreement). Pursuant to the Merger Agreement, among other things, Merger Sub will merge with and into R2Net (the “ Merger ”), with R2Net being the surviving corporation of the Merger and a wholly-owned subsidiary of Sterling. The purchase price of the transaction is $328 million in cash, subject to customary post-closing adjustments provided in the Merger Agreement. The transaction is currently expected to close in the third quarter of Fiscal 2018 subject to customary closing conditions and regulatory approval and will be financed with a short-term loan.

Condensed consolidating financi

Condensed consolidating financial information	6 Months Ended
	Jul. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed consolidating financial information	Condensed consolidating financial information The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X, Rule 3-10, “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.” We and certain of our subsidiaries have guaranteed the obligations under certain debt securities that have been issued by Signet UK Finance plc. The following presents the condensed consolidating financial information for: (i) the indirect Parent Company (Signet Jewelers Limited); (ii) the Issuer of the guaranteed obligations (Signet UK Finance plc); (iii) the Guarantor subsidiaries, on a combined basis; (iv) the non-guarantor subsidiaries, on a combined basis; (v) consolidating eliminations and (vi) Signet Jewelers Limited and Subsidiaries on a consolidated basis. Each Guarantor subsidiary is 100% owned by the Parent Company at the date of each balance sheet presented. The Guarantor subsidiaries, along with Signet Jewelers Limited, will fully and unconditionally guarantee the obligations of Signet UK Finance plc under any such debt securities. Each entity in the consolidating financial information follows the same accounting policies as described in the condensed consolidated financial statements. The accompanying condensed consolidating financial information has been presented on the equity method of accounting for all periods presented. Under this method, investments in subsidiaries are recorded at cost and adjusted for the subsidiaries’ cumulative results of operations, capital contributions and distributions and other changes in equity. Elimination entries include consolidating and eliminating entries for investments in subsidiaries, and intra-entity activity and balances. Condensed Consolidated Income Statement For the 13 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 1,322.3 $ 77.3 $ — $ 1,399.6 Cost of sales — — (927.8 ) (13.9 ) — (941.7 ) Gross margin — — 394.5 63.4 — 457.9 Selling, general and administrative expenses (0.2 ) — (377.0 ) (31.8 ) — (409.0 ) Credit transaction, net — — 14.8 — — 14.8 Other operating income, net — — 71.7 0.2 — 71.9 Operating (loss) income (0.2 ) — 104.0 31.8 — 135.6 Intra-entity interest income (expense) — 4.7 (46.4 ) 41.7 — — Interest expense, net — (5.0 ) (4.7 ) (3.8 ) — (13.5 ) (Loss) income before income taxes (0.2 ) (0.3 ) 52.9 69.7 — 122.1 Income taxes — 0.1 (21.3 ) (7.5 ) — (28.7 ) Equity in income of subsidiaries 93.6 — 21.6 34.2 (149.4 ) — Net income (loss) $ 93.4 $ (0.2 ) $ 53.2 $ 96.4 $ (149.4 ) $ 93.4 Dividends on redeemable convertible preferred shares (8.2 ) — — — — (8.2 ) Net income (loss) attributable to common shareholders $ 85.2 $ (0.2 ) $ 53.2 $ 96.4 $ (149.4 ) $ 85.2 Condensed Consolidated Income Statement For the 13 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 1,314.9 $ 58.5 $ — $ 1,373.4 Cost of sales — — (897.2 ) (11.3 ) — (908.5 ) Gross margin — — 417.7 47.2 — 464.9 Selling, general and administrative expenses (0.5 ) — (390.3 ) (24.9 ) — (415.7 ) Other operating income (loss), net — — 80.4 (9.7 ) — 70.7 Operating (loss) income (0.5 ) — 107.8 12.6 — 119.9 Intra-entity interest income (expense) — 4.7 (47.5 ) 42.8 — — Interest expense, net — (4.9 ) (3.9 ) (3.1 ) — (11.9 ) (Loss) income before income taxes (0.5 ) (0.2 ) 56.4 52.3 — 108.0 Income taxes — 0.1 (22.4 ) (3.8 ) — (26.1 ) Equity in income of subsidiaries 82.4 — 15.5 32.4 (130.3 ) — Net income (loss) $ 81.9 $ (0.1 ) $ 49.5 $ 80.9 $ (130.3 ) $ 81.9 Dividends on redeemable convertible preferred shares — — — — — — Net income (loss) attributable to common shareholders $ 81.9 $ (0.1 ) $ 49.5 $ 80.9 $ (130.3 ) $ 81.9 Condensed Consolidated Income Statement For the 26 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 2,647.5 $ 155.5 $ — $ 2,803.0 Cost of sales — — (1,823.2 ) (30.7 ) — (1,853.9 ) Gross margin — — 824.3 124.8 — 949.1 Selling, general and administrative expenses (0.4 ) — (798.5 ) (62.9 ) — (861.8 ) Credit transaction, net — — 14.8 — — 14.8 Other operating income (loss), net — — 148.9 (0.1 ) — 148.8 Operating (loss) income (0.4 ) — 189.5 61.8 — 250.9 Intra-entity interest income (expense) — 9.4 (91.8 ) 82.4 — — Interest expense, net — (9.9 ) (8.8 ) (7.4 ) — (26.1 ) (Loss) income before income taxes (0.4 ) (0.5 ) 88.9 136.8 — 224.8 Income taxes — 0.1 (36.7 ) (16.3 ) — (52.9 ) Equity in income of subsidiaries 172.3 — 30.3 56.5 (259.1 ) — Net income (loss) $ 171.9 $ (0.4 ) $ 82.5 $ 177.0 $ (259.1 ) $ 171.9 Dividends on redeemable convertible preferred shares (16.4 ) — — — — (16.4 ) Net income (loss) attributable to common shareholders $ 155.5 $ (0.4 ) $ 82.5 $ 177.0 $ (259.1 ) $ 155.5 Condensed Consolidated Income Statement For the 26 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 2,833.2 $ 119.1 $ — $ 2,952.3 Cost of sales — — (1,866.3 ) (20.7 ) — (1,887.0 ) Gross margin — — 966.9 98.4 — 1,065.3 Selling, general and administrative expenses (0.6 ) — (828.9 ) (48.9 ) — (878.4 ) Other operating income (loss), net — — 152.0 (7.0 ) — 145.0 Operating (loss) income (0.6 ) — 290.0 42.5 — 331.9 Intra-entity interest income (expense) — 9.4 (94.4 ) 85.0 — — Interest expense, net — (9.8 ) (7.6 ) (6.3 ) — (23.7 ) (Loss) income before income taxes (0.6 ) (0.4 ) 188.0 121.2 — 308.2 Income taxes — 0.1 (76.6 ) (3.0 ) — (79.5 ) Equity in income of subsidiaries 229.3 — 100.7 116.7 (446.7 ) — Net income (loss) $ 228.7 $ (0.3 ) $ 212.1 $ 234.9 $ (446.7 ) $ 228.7 Dividends on redeemable convertible preferred shares — — — — — — Net income (loss) attributable to common shareholders $ 228.7 $ (0.3 ) $ 212.1 $ 234.9 $ (446.7 ) $ 228.7 Condensed Consolidated Statement of Comprehensive Income (Loss) For the 13 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net income (loss) $ 93.4 $ (0.2 ) $ 53.2 $ 96.4 $ (149.4 ) $ 93.4 Other comprehensive income (loss): Foreign currency translation adjustments 24.6 — 24.6 — (24.6 ) 24.6 Available-for-sale securities: Unrealized gain 0.3 — — 0.3 (0.3 ) 0.3 Cash flow hedges: Unrealized loss (0.9 ) — (0.9 ) — 0.9 (0.9 ) Reclassification adjustment for gains to net income (1.1 ) — (1.1 ) — 1.1 (1.1 ) Pension plan: Reclassification adjustment to net income for amortization of actuarial losses 0.6 — 0.6 — (0.6 ) 0.6 Reclassification adjustment to net income for amortization of net prior service credits (0.4 ) — (0.4 ) — 0.4 (0.4 ) Total other comprehensive income 23.1 — 22.8 0.3 (23.1 ) 23.1 Total comprehensive income (loss) $ 116.5 $ (0.2 ) $ 76.0 $ 96.7 $ (172.5 ) $ 116.5 Condensed Consolidated Statement of Comprehensive Income (Loss) For the 13 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net income (loss) $ 81.9 $ (0.1 ) $ 49.5 $ 80.9 $ (130.3 ) $ 81.9 Other comprehensive income (loss): Foreign currency translation adjustments (39.9 ) — (44.9 ) 5.0 39.9 (39.9 ) Available-for-sale securities: Unrealized gain 0.2 — — 0.2 (0.2 ) 0.2 Cash flow hedges: Unrealized gain 2.7 — 2.7 — (2.7 ) 2.7 Reclassification adjustment for losses to net income 0.6 — 0.6 — (0.6 ) 0.6 Pension plan: Reclassification adjustment to net income for amortization of actuarial losses 0.3 — 0.3 — (0.3 ) 0.3 Reclassification adjustment to net income for amortization of net prior service credits (0.4 ) — (0.4 ) — 0.4 (0.4 ) Total other comprehensive (loss) income (36.5 ) — (41.7 ) 5.2 36.5 (36.5 ) Total comprehensive income (loss) $ 45.4 $ (0.1 ) $ 7.8 $ 86.1 $ (93.8 ) $ 45.4 Condensed Consolidated Statement of Comprehensive Income (Loss) For the 26 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net income (loss) $ 171.9 $ (0.4 ) $ 82.5 $ 177.0 $ (259.1 ) $ 171.9 Other comprehensive income (loss): Foreign currency translation adjustments 25.1 — 25.1 — (25.1 ) 25.1 Available-for-sale securities: Unrealized gain 0.5 — — 0.5 (0.5 ) 0.5 Cash flow hedges: Unrealized gain 1.8 — 1.8 — (1.8 ) 1.8 Reclassification adjustment for gains to net income (2.5 ) — (2.5 ) — 2.5 (2.5 ) Pension plan: Reclassification adjustment to net income for amortization of actuarial losses 1.2 — 1.2 — (1.2 ) 1.2 Reclassification adjustment to net income for amortization of net prior service credits (0.7 ) — (0.7 ) — 0.7 (0.7 ) Total other comprehensive income 25.4 — 24.9 0.5 (25.4 ) 25.4 Total comprehensive income (loss) $ 197.3 $ (0.4 ) $ 107.4 $ 177.5 $ (284.5 ) $ 197.3 Condensed Consolidated Statement of Comprehensive Income (Loss) For the 26 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net income (loss) $ 228.7 $ (0.3 ) $ 212.1 $ 234.9 $ (446.7 ) $ 228.7 Other comprehensive income (loss): Foreign currency translation adjustments (9.1 ) — (12.7 ) 3.6 9.1 (9.1 ) Available-for-sale securities: Unrealized gain 0.4 — — 0.4 (0.4 ) 0.4 Cash flow hedges: Unrealized gain 6.3 — 6.3 — (6.3 ) 6.3 Reclassification adjustment for losses to net income 1.7 — 1.7 — (1.7 ) 1.7 Pension plan: Reclassification adjustment to net income for amortization of actuarial losses 0.6 — 0.6 — (0.6 ) 0.6 Reclassification adjustment to net income for amortization of net prior service credits (0.8 ) — (0.8 ) — 0.8 (0.8 ) Total other comprehensive (loss) income (0.9 ) — (4.9 ) 4.0 0.9 (0.9 ) Total comprehensive income (loss) $ 227.8 $ (0.3 ) $ 207.2 $ 238.9 $ (445.8 ) $ 227.8 Condensed Consolidated Balance Sheet July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 0.7 $ 0.1 $ 90.2 $ 28.1 $ — $ 119.1 Accounts receivable, held for sale — — 1,055.6 — — 1,055.6 Accounts receivable, net — — 664.5 — — 664.5 Intra-entity receivables, net 113.1 3.1 — 162.4 (278.6 ) — Other receivables — — 63.3 27.9 — 91.2 Other current assets — — 123.5 5.0 — 128.5 Income taxes — — 1.8 — — 1.8 Inventories — — 2,214.7 67.4 — 2,282.1 Total current assets 113.8 3.2 4,213.6 290.8 (278.6 ) 4,342.8 Non-current assets: Property, plant and equipment, net — — 832.6 4.0 — 836.6 Goodwill — — 516.3 3.6 — 519.9 Intangible assets, net — — 413.9 — — 413.9 Investment in subsidiaries 2,703.1 — 532.8 390.8 (3,626.7 ) — Intra-entity receivables, net — 400.0 — 3,440.0 (3,840.0 ) — Other assets — — 133.6 31.5 — 165.1 Deferred tax assets — — — — — — Retirement benefit asset — — 35.5 — — 35.5 Total assets $ 2,816.9 $ 403.2 $ 6,678.3 $ 4,160.7 $ (7,745.3 ) $ 6,313.8 Liabilities and Shareholders’ equity Current liabilities: Loans and overdrafts $ — $ (0.7 ) $ 340.1 $ 600.0 $ — $ 939.4 Accounts payable — — 142.7 5.5 — 148.2 Intra-entity payables, net — — 278.6 — (278.6 ) — Accrued expenses and other current liabilities 27.6 2.4 375.9 20.7 — 426.6 Deferred revenue — — 262.3 — — 262.3 Income taxes — (0.1 ) 30.1 3.5 — 33.5 Total current liabilities 27.6 1.6 1,429.7 629.7 (278.6 ) 1,810.0 Non-current liabilities: Long-term debt — 394.8 310.5 — — 705.3 Intra-entity payables, net — — 3,840.0 — (3,840.0 ) — Other liabilities — — 241.4 5.7 — 247.1 Deferred revenue — — 658.8 — — 658.8 Deferred tax liabilities — — 103.3 — — 103.3 Total liabilities 27.6 396.4 6,583.7 635.4 (4,118.6 ) 3,524.5 Series A redeemable convertible preferred shares 612.7 — — — — 612.7 Total shareholders’ equity 2,176.6 6.8 94.6 3,525.3 (3,626.7 ) 2,176.6 Total liabilities, preferred shares and shareholders’ equity $ 2,816.9 $ 403.2 $ 6,678.3 $ 4,160.7 $ (7,745.3 ) $ 6,313.8 Condensed Consolidated Balance Sheet January 28, 2017 (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 1.7 $ 0.1 $ 70.3 $ 26.6 $ — $ 98.7 Accounts receivable, net — — 1,858.0 — — 1,858.0 Intra-entity receivables, net 12.7 — 145.1 — (157.8 ) — Other receivables — — 71.1 24.8 — 95.9 Other current assets — — 131.4 4.9 — 136.3 Income taxes — — 4.4 — — 4.4 Inventories — — 2,371.8 77.5 — 2,449.3 Total current assets 14.4 0.1 4,652.1 133.8 (157.8 ) 4,642.6 Non-current assets: Property, plant and equipment, net — — 818.5 4.4 — 822.9 Goodwill — — 514.0 3.6 — 517.6 Intangible assets, net — — 417.0 — — 417.0 Investment in subsidiaries 3,117.6 — 721.6 590.9 (4,430.1 ) — Intra-entity receivables, net — 402.9 — 3,647.1 (4,050.0 ) — Other assets — — 134.8 30.3 — 165.1 Deferred tax assets — — 0.6 0.1 — 0.7 Retirement benefit asset — — 31.9 — — 31.9 Total assets $ 3,132.0 $ 403.0 $ 7,290.5 $ 4,410.2 $ (8,637.9 ) $ 6,597.8 Liabilities and Shareholders’ equity Current liabilities: Loans and overdrafts $ — $ (0.7 ) $ 91.8 $ — $ — $ 91.1 Accounts payable — — 248.2 7.5 — 255.7 Intra-entity payables, net — — — 157.8 (157.8 ) — Accrued expenses and other current liabilities 29.9 2.5 429.2 16.6 — 478.2 Deferred revenue — — 275.5 1.4 — 276.9 Income taxes — (0.2 ) 115.5 (13.5 ) — 101.8 Total current liabilities 29.9 1.6 1,160.2 169.8 (157.8 ) 1,203.7 Non-current liabilities: Long-term debt — 394.3 323.6 600.0 — 1,317.9 Intra-entity payables, net — — 4,050.0 — (4,050.0 ) — Other liabilities — — 208.7 5.0 — 213.7 Deferred revenue — — 659.0 — — 659.0 Deferred tax liabilities — — 101.4 — — 101.4 Total liabilities 29.9 395.9 6,502.9 774.8 (4,207.8 ) 3,495.7 Series A redeemable convertible preferred shares 611.9 — — — — 611.9 Total shareholders’ equity 2,490.2 7.1 787.6 3,635.4 (4,430.1 ) 2,490.2 Total liabilities, preferred shares and shareholders’ equity $ 3,132.0 $ 403.0 $ 7,290.5 $ 4,410.2 $ (8,637.9 ) $ 6,597.8 Condensed Consolidated Balance Sheet July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 0.2 $ 0.1 $ 83.8 $ 34.6 $ — $ 118.7 Accounts receivable, net — — 1,648.5 2.1 — 1,650.6 Intra-entity receivables, net 74.0 — — 221.0 (295.0 ) — Other receivables — — 46.3 20.6 — 66.9 Other current assets 0.1 — 146.7 5.2 — 152.0 Income taxes — — 1.4 — — 1.4 Inventories — — 2,342.5 75.8 — 2,418.3 Total current assets 74.3 0.1 4,269.2 359.3 (295.0 ) 4,407.9 Non-current assets: Property, plant and equipment, net — — 734.6 4.9 — 739.5 Goodwill — — 514.5 3.6 — 518.1 Intangible assets, net — — 424.7 — — 424.7 Investment in subsidiaries 2,835.5 — 675.2 525.6 (4,036.3 ) — Intra-entity receivables, net — 402.8 — 3,657.2 (4,060.0 ) — Other assets — — 127.4 30.6 — 158.0 Deferred tax assets — — — — — — Retirement benefit asset — — 49.8 — — 49.8 Total assets $ 2,909.8 $ 402.9 $ 6,795.4 $ 4,581.2 $ (8,391.3 ) $ 6,298.0 Liabilities and Shareholders’ equity Current liabilities: Loans and overdrafts $ — $ (0.7 ) $ 239.3 $ — $ — $ 238.6 Accounts payable — — 192.5 2.6 — 195.1 Intra-entity payables, net — — 295.0 — (295.0 ) — Accrued expenses and other current liabilities 29.9 2.4 371.5 13.8 — 417.6 Deferred revenue — — 254.5 — — 254.5 Income taxes — (0.1 ) 38.4 — — 38.3 Total current liabilities 29.9 1.6 1,391.2 16.4 (295.0 ) 1,144.1 Non-current liabilities: Long-term debt — 393.9 336.6 600.0 — 1,330.5 Intra-entity payables, net — — 4,060.0 — (4,060.0 ) — Other liabilities — — 217.3 6.5 — 223.8 Deferred revenue — — 639.9 — — 639.9 Deferred tax liabilities — — 80.0 (0.2 ) — 79.8 Total liabilities 29.9 395.5 6,725.0 622.7 (4,355.0 ) 3,418.1 Series A redeemable convertible preferred shares — — — — — — Total shareholders’ equity 2,879.9 7.4 70.4 3,958.5 (4,036.3 ) 2,879.9 Total liabilities, preferred shares and shareholders’ equity $ 2,909.8 $ 402.9 $ 6,795.4 $ 4,581.2 $ (8,391.3 ) $ 6,298.0 Condensed Consolidated Statement of Cash Flows For the 26 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net cash provided by operating activities $ 617.7 $ 0.1 $ 479.3 $ 430.7 $ (1,118.0 ) $ 409.8 Investing activities Purchase of property, plant and equipment — — (105.6 ) (0.1 ) — (105.7 ) Purchase of available-for-sale securities — — — (1.3 ) — (1.3 ) Proceeds from available-for-sale securities — — — 0.6 — 0.6 Net cash used in investing activities — — (105.6 ) (0.8 ) — (106.4 ) Financing activities Dividends paid on common shares (39.0 ) — — — — (39.0 ) Dividends paid on redeemable convertible preferred shares (19.1 ) — — — — (19.1 ) Intra-entity dividends paid — — (800.0 ) (318.0 ) 1,118.0 — Proceeds from issuance of common shares 0.2 — — — — 0.2 Repayments of term loan — — (9.0 ) — — (9.0 ) Proceeds from securitization facility — — — 1,242.9 — 1,242.9 Repayments of securitization facility — — — (1,242.9 ) — (1,242.9 ) Proceeds from revolving credit facility — — 550.0 — — 550.0 Repayments of revolving credit facility — — (303.0 ) — — (303.0 ) Repurchase of common shares (460.0 ) — — — — (460.0 ) Net settlement of equity based awards (3.2 ) — — — — (3.2 ) Proceeds from short-term borrowings — — (3.1 ) — — (3.1 ) Intra-entity activity, net (97.6 ) (0.1 ) 208.1 (110.4 ) — — Net cash used in financing activities (618.7 ) (0.1 ) (357.0 ) (428.4 ) 1,118.0 (286.2 ) Cash and cash equivalents at beginning of period 1.7 0.1 70.3 26.6 — 98.7 (Decrease) increase in cash and cash equivalents (1.0 ) — 16.7 1.5 — 17.2 Effect of exchange rate changes on cash and cash equivalents — — 3.2 — — 3.2 Cash and cash equivalents at end of period $ 0.7 $ 0.1 $ 90.2 $ 28.1 $ — $ 119.1 Condensed Consolidated Statement of Cash Flows For the 26 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net cash provided by operating activities $ 549.7 $ 0.2 $ 383.3 $ 317.0 $ (941.0 ) $ 309.2 Investing activities Purchase of property, plant and equipment — — (101.0 ) — — (101.0 ) Investment in subsidiaries (91.0 ) — — — 91.0 — Purchase of available-for-sale securities — — — (2.6 ) — (2.6 ) Proceeds from available-for-sale securities — — — 3.1 — 3.1 Net cash (used in) provided by investing activities (91.0 ) — (101.0 ) 0.5 91.0 (100.5 ) Financing activities Dividends paid on common shares (37.9 ) — — — — (37.9 ) Dividends paid on redeemable convertible preferred shares — — — — — — Intra-entity dividends paid — — (650.0 ) (291.0 ) 941.0 — Proceeds from issuance of common shares 0.4 — 91.0 — (91.0 ) 0.4 Excess tax benefit from exercise of share awards — — 1.3 — — 1.3 Repayments of term loan — — (7.5 ) — — (7.5 ) Proceeds from securitization facility — — — 1,278.9 — 1,278.9 Repayments of securitization facility — — — (1,278.9 ) — (1,278.9 ) Proceeds from revolving credit facility — — 318.0 — — 318.0 Repayments of revolving credit facility — — (118.0 ) — — (118.0 ) Payment of debt issuance costs — — (2.1 ) (0.6 ) — (2.7 ) Repurchase of common shares (375.0 ) — — — — (375.0 ) Net settlement of equity based awards (4.8 ) — — — — (4.8 ) Capital lease payments — — (0.1 ) — — (0.1 ) Proceeds from short-term borrowings — — (2.3 ) — — (2.3 ) Intra-entity activity, net (43.1 ) (0.2 ) 68.0 (24.7 ) — — Net cash used in financing activities (460.4 ) (0.2 ) (301.7 ) (316.3 ) 850.0 (228.6 ) Cash and cash equivalents at beginning of period 1.9 0.1 102.0 33.7 — 137.7 (Decrease) increase in cash and cash equivalents (1.7 ) — (19.4 ) 1.2 — (19.9 ) Effect of exchange rate changes on cash and cash equivalents — — 1.2 (0.3 ) — 0.9 Cash and cash equivalents at end of period $ 0.2 $ 0.1 $ 83.8 $ 34.6 $ — $ 118.7

Organization and principal ac30

Organization and principal accounting policies (Policies)	6 Months Ended
	Jul. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of preparation	Basis of preparation The condensed consolidated financial statements of Signet are prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with US generally accepted accounting principles (“US GAAP”) have been condensed or omitted from this report, as is permitted by such rules and regulations. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes included in Signet’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 filed with the SEC on March 16, 2017 .
Use of estimates	Use of estimates The preparation of these condensed consolidated financial statements, in conformity with US GAAP and SEC regulations for interim reporting, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are primarily made in relation to the valuation of accounts receivable, inventories, deferred revenue, derivatives, employee benefits, income taxes, contingencies, asset impairments, indefinite-lived intangible assets, as well as depreciation and amortization of long-lived assets.
Foreign currency transactions	Foreign currency translation The financial position and operating results of certain foreign operations, including the UK Jewelry division and the Canadian operations of the Zale Jewelry segment, are consolidated using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange on the balance sheet date, and revenues and expenses are translated at the monthly average rates of exchange during the period. Resulting translation gains or losses are included in the accompanying condensed consolidated statements of equity as a component of accumulated other comprehensive income (loss) (“AOCI”). Gains or losses resulting from foreign currency transactions are included within the condensed consolidated income statements.

New accounting pronouncements (

New accounting pronouncements (Policies)	6 Months Ended
	Jul. 29, 2017
Accounting Policies [Abstract]
New accounting pronouncements	New accounting pronouncements adopted during the period Inventory In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory.” The new guidance states that inventory will be measured at the lower of cost and net realizable value. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The adoption of this guidance in the first quarter of Fiscal 2018 did not have a material impact on the Company’s financial position or results of operations. Share-based compensation In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The new guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The Company adopted all aspects of this guidance prospectively in the first quarter of Fiscal 2018 with a policy election to continue to estimate expected forfeitures in determining the amount of share-based compensation expense to be recognized. The adoption of this guidance did not have a material impact on the Company’s financial position or results of operations. See Note 9 for additional information regarding the impact on the Company’s results of operations in the first quarter of Fiscal 2018. New accounting pronouncements to be adopted in future periods Credit Losses In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The new guidance requires entities to measure and recognize expected credit losses for financial assets measured at amortized cost basis. The estimate of expected credit losses should consider historical information, current information, and reasonable and supportable forecasts of expected losses over the remaining contractual life that affect collectibility. ASU No. 2016-13 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2019, with early adoption permitted. Signet currently expects to adopt this guidance when effective, and continues to assess the impact the adoption of this guidance will have on the Company’s financial position or results of operations. Revenue recognition In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The new guidance affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 provides alternative methods of retrospective adoption. In August 2015, the FASB issued an update (ASU No. 2015-14) that defers the effective date by one year. As a result, ASU No. 2014-09 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted for annual periods beginning after December 15, 2016, including interim periods within that annual period. The FASB has recently issued updates to certain aspects of the guidance to address implementation issues. In March 2016, the FASB issued additional guidance concerning “Principal versus Agent” considerations (reporting revenue gross versus net); in April 2016, the FASB issued additional guidance on identifying performance obligations and licensing; and in May 2016, the FASB issued additional guidance on collectibility, noncash consideration, presentation of sales tax, and transition. These updates are intended to improve the operability and understandability of the implementation guidance and have the same effective date and transition requirements as ASU No. 2014-09 guidance discussed above. Management continues to evaluate the impact this ASU, the related amendments and the interpretive guidance will have on the Company's consolidated financial statements Signet is in the process of evaluating contracts with customers under the new guidance and cannot currently estimate the financial statement impact of adoption. The Company expects to progress through its assessment during Fiscal 2018 and will adopt this guidance in the first quarter of our fiscal year ending February 2, 2019. The Company is evaluating the impact of the standard through a cross-functional approach to analyze the impacts of the guidance across all of its revenue streams. This includes the review of current accounting policies and practices to identify potential differences that would result from applying the guidance. The majority of the Company’s revenue is generated from sales of finished products, which will continue to be recognized when control is transferred to the customer. The Company intends to adopt the standard using the modified retrospective method. Financial instruments In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The new guidance primarily impacts accounting for equity investments and financial liabilities under the fair value option, as well as, the presentation and disclosure requirements for financial instruments. Under the new guidance, equity investments will generally be measured at fair value, with subsequent changes in fair value recognized in net income. ASU No. 2016-01 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Signet plans to adopt this guidance in the first quarter of our fiscal year ending February 2, 2019. Signet does not expect the adoption of this guidance to have a material impact on the Company’s financial position or results of operations. Leases In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” The new guidance primarily impacts lessee accounting by requiring the recognition of a right-of-use asset and a corresponding lease liability on the balance sheet for long-term lease agreements. The lease liability will be equal to the present value of all reasonably certain lease payments. The right-of-use asset will be based on the liability, subject to adjustment for initial direct costs. Lease agreements that are 12 months or less are permitted to be excluded from the balance sheet. In general, leases will be amortized on a straight-line basis with the exception of finance lease agreements. ASU No. 2016-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018, with early adoption permitted. Signet is currently assessing the timing of adoption which is effective for the first quarter of our fiscal year ending February 1, 2020 and the impact that adopting this guidance will have on the Company’s financial position or results of operations. Liabilities In March 2016, the FASB issued ASU No. 2016-04, “Liabilities - Extinguishments of Liabilities (Subtopic 405-20).” The new guidance addresses diversity in practice related to the derecognition of a prepaid stored-value product liability. Liabilities related to the sale of prepaid stored-value products within the scope of this update are financial liabilities. ASU No. 2016-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. Signet plans to adopt this guidance in the first quarter of our fiscal year ending February 2, 2019. Signet does not expect the adoption of this guidance to have a material impact on the Company’s financial position or results of operations. Intangibles In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment.” The new guidance requires a single-step quantitative test to identify and measure goodwill impairment based on the excess of a reporting unit's carrying amount over its fair value. A qualitative assessment may still be completed first for an entity to determine if a quantitative impairment test is necessary. ASU No. 2017-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2019, with early adoption permitted. Signet is currently assessing the timing of adoption and the impact this guidance will have on the Company’s financial position or results of operations. Retirement Benefits In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” The new guidance requires entities to present the service cost component of the net periodic pension cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. Entities will present the other components of net benefit cost separately from the service cost component and outside of operating profit within the income statement. In addition, only the service cost component will be eligible for capitalization in assets. ASU No. 2017-07 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. Signet is currently assessing the timing of adoption and the impact this guidance will have on the Company’s financial position or results of operations.

Segment information (Tables)

Segment information (Tables)	6 Months Ended
	Jul. 29, 2017
Segment Reporting [Abstract]
Segment reporting information, by segment	13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Sales: Sterling Jewelers $ 868.1 $ 839.4 $ 1,739.1 $ 1,819.8 Zale Jewelry 331.8 331.0 665.5 712.4 Piercing Pagoda 62.3 57.0 132.0 126.0 UK Jewelry 131.9 145.2 254.4 289.2 Other 5.5 0.8 12.0 4.9 Total sales $ 1,399.6 $ 1,373.4 $ 2,803.0 $ 2,952.3 Operating income: Sterling Jewelers $ 159.4 (1) $ 140.9 $ 288.9 (1) $ 339.2 Zale Jewelry 1.2 0.5 3.3 18.8 Piercing Pagoda 1.0 (0.2 ) 4.2 7.6 UK Jewelry 2.3 1.7 (0.2 ) 3.0 Other (28.3 ) (2) (23.0 ) (45.3 ) (2) (36.7 ) Total operating income $ 135.6 $ 119.9 $ 250.9 $ 331.9 (1) Includes $20.7 million gain on assets held for sale related to the reversal of the allowance for credit losses. See Note 3 for additional information. (2) Includes $5.9 million of transaction costs related to the credit transaction (see Note 3) and $4.7 million of CEO separation and R2Net acquisition costs. (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Total assets: Sterling Jewelers $ 3,807.1 $ 4,015.4 $ 3,699.5 Zale Jewelry 1,878.4 1,940.7 1,931.1 Piercing Pagoda 140.8 141.6 138.4 UK Jewelry 384.8 372.6 392.3 Other 102.7 127.5 136.7 Total assets $ 6,313.8 $ 6,597.8 $ 6,298.0

Shareholders' equity (Tables)

Shareholders' equity (Tables)	6 Months Ended
	Jul. 29, 2017
Equity [Abstract]
Class of Treasury Stock	Common shares repurchased during the 26 weeks ended July 29, 2017 and July 30, 2016 were as follows: 26 weeks ended July 29, 2017 26 weeks ended July 30, 2016 (in millions, except per share amounts) Amount Shares Amount Average Shares Amount Average 2016 Program (1) $ 1,375.0 8.1 $ 460.0 $ 56.91 2.7 $ 239.4 $ 88.39 2013 Program (2) $ 350.0 n/a n/a n/a 1.2 135.6 $ 111.26 Total 8.1 $ 460.0 $ 56.91 3.9 $ 375.0 $ 95.49 (1) The 2016 Program had $50.6 million remaining as of July 29, 2017 . (2) The 2013 Program was completed in May 2016. n/a Not applicable.
Schedule of Dividends	Fiscal 2018 Fiscal 2017 (in millions, except per share amounts) Cash dividend per share Total Cash dividend Total First quarter $ 0.31 $ 21.3 $ 0.26 $ 20.4 Second quarter (1) 0.31 18.7 0.26 19.7 Total $ 0.62 $ 40.0 $ 0.52 $ 40.1 (1) Signet’s dividend policy for common shares results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of July 29, 2017 and July 30, 2016 , $18.7 million and $19.7 million , respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on common shares declared for the second quarter of Fiscal 2018 and Fiscal 2017 , respectively.

Earnings per common share (_EPS

Earnings per common share (“EPS”) (Tables)	6 Months Ended
	Jul. 29, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic	The computation of basic EPS is outlined in the table below: 13 weeks ended 26 weeks ended (in millions, except per share amounts) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Numerator: Net income attributable to common shareholders $ 85.2 $ 81.9 $ 155.5 $ 228.7 Denominator: Weighted average common shares outstanding 63.8 77.1 65.9 77.8 EPS – basic $ 1.34 $ 1.06 $ 2.36 $ 2.94
Schedule of Earnings Per Share, Diluted	The computation of diluted EPS is outlined in the table below: 13 weeks ended 26 weeks ended (in millions, except per share amounts) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Numerator: Net income attributable to common shareholders $ 85.2 $ 81.9 $ 155.5 $ 228.7 Add: Dividends on preferred shares 8.2 n/a — n/a Numerator for diluted EPS $ 93.4 $ 81.9 $ 155.5 $ 228.7 Denominator: Weighted average common shares outstanding 63.8 77.1 65.9 77.8 Plus: Dilutive effect of share awards — 0.1 0.1 0.1 Plus: Dilutive effect of preferred shares 6.7 n/a — n/a Diluted weighted average common shares outstanding 70.5 77.2 66.0 77.9 EPS – diluted $ 1.33 $ 1.06 $ 2.36 $ 2.94 n/a Not applicable as preferred shares were issued in October 2016. See Note 5 for additional information.
Schedule of antidilutive securities excluded from computation of earnings per share	The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be anti-dilutive. (in millions) July 29, 2017 July 30, 2016 Share awards 0.3 0.2 Potential impact of preferred shares 6.7 n/a Total anti-dilutive shares 7.0 0.2 n/a Not applicable as preferred shares were issued in October 2016. See Note 5 for additional information.

Accumulated other comprehensi35

Accumulated other comprehensive income (loss) (Tables)	6 Months Ended
	Jul. 29, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables present the changes in AOCI by component and the reclassifications out of AOCI, net of tax: Pension plan (in millions) Foreign Losses on available-for-sale securities, net Gains (losses) Actuarial Prior Accumulated Balance at January 28, 2017 $ (263.4 ) $ (0.4 ) $ 2.4 $ (55.5 ) $ 9.2 $ (307.7 ) Other comprehensive income (“OCI”) before reclassifications 25.1 0.5 1.8 — — 27.4 Amounts reclassified from AOCI to net income — — (2.5 ) 1.2 (0.7 ) (2.0 ) Net current period OCI 25.1 0.5 (0.7 ) 1.2 (0.7 ) 25.4 Balance at July 29, 2017 $ (238.3 ) $ 0.1 $ 1.7 $ (54.3 ) $ 8.5 $ (282.3 )
Reclassification out of Accumulated Other Comprehensive Income	The amounts reclassified from AOCI were as follows: Amounts reclassified from AOCI 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Income statement caption (Gains) losses on cash flow hedges: Foreign currency contracts $ (1.2 ) $ (0.4 ) $ (2.2 ) $ (0.6 ) Cost of sales (see Note 14) Interest rate swaps 0.1 0.6 0.4 1.2 Interest expense, net (see Note 14) Commodity contracts (0.3 ) 0.8 (1.5 ) 2.0 Cost of sales (see Note 14) Total before income tax (1.4 ) 1.0 (3.3 ) 2.6 Income taxes 0.3 (0.4 ) 0.8 (0.9 ) Net of tax (1.1 ) 0.6 (2.5 ) 1.7 Defined benefit pension plan items: Amortization of unrecognized actuarial losses 0.8 0.4 1.5 0.8 Selling, general and administrative expenses (1) Amortization of unrecognized net prior service credits (0.5 ) (0.5 ) (0.9 ) (1.0 ) Selling, general and administrative expenses (1) Total before income tax 0.3 (0.1 ) 0.6 (0.2 ) Income taxes (0.1 ) — (0.1 ) — Net of tax 0.2 (0.1 ) 0.5 (0.2 ) Total reclassifications, net of tax $ (0.9 ) $ 0.5 $ (2.0 ) $ 1.5 (1) These items are included in the computation of net periodic pension benefit.

Income taxes (Tables)

Income taxes (Tables)	6 Months Ended
	Jul. 29, 2017
Income Tax Disclosure [Abstract]
Reconciliation Of Effective Tax Rate	26 weeks ended July 29, 2017 July 30, 2016 Forecasted annual effective tax rate 23.0 % 25.8 % Discrete items recognized 0.5 % — % Effective tax rate recognized in income statement 23.5 % 25.8 %

Accounts receivable, net (Table

Accounts receivable, net (Tables)	6 Months Ended
	Jul. 29, 2017
Receivables [Abstract]
Accounts Receivable By Portfolio Segment, Net	(in millions) July 29, 2017 January 28, 2017 July 30, 2016 Accounts receivable held for investment by portfolio segment, net: Sterling Jewelers customer in-house finance receivables $ 622.6 $ 1,813.3 $ 1,615.6 Zale customer in-house finance receivables 34.0 33.4 25.0 Other accounts receivable 7.9 11.3 10.0 Total accounts receivable, net $ 664.5 $ 1,858.0 $ 1,650.6 Accounts receivable, held for sale $ 1,055.6 $ — $ —
Allowance for Credit Losses on US Customer In-House Finance Receivables	The allowance for credit losses on Sterling Jewelers customer in-house finance receivables “held for investment” is shown below: 26 weeks ended (in millions) July 29, 2017 July 30, 2016 Beginning balance $ (138.7 ) $ (130.0 ) Charge-offs, net 103.9 89.5 Recoveries 17.8 18.3 Provision (118.0 ) (107.2 ) $ (135.0 ) $ (129.4 ) Reversal of allowance on receivables held for sale 20.7 — Ending balance $ (114.3 ) $ (129.4 ) Ending receivable balance evaluated for impairment 736.9 1,745.0 Sterling Jewelers customer in-house finance receivables, net $ 622.6 $ 1,615.6
Credit Quality Indicator and Age Analysis of Past Due US Customer In-House Finance Receivables	The credit quality indicator and age analysis of Sterling Jewelers customer in-house finance receivables “held for investment” and “held for sale” are shown below: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Gross Valuation Gross Valuation Gross Valuation Performing: Current, aged 0 – 30 days $ 1,394.2 $ (42.8 ) $ 1,538.2 $ (47.2 ) $ 1,350.7 $ (41.3 ) Past due, aged 31 – 60 days 264.6 (8.6 ) 282.0 (9.0 ) 264.1 (8.6 ) Past due, aged 61 – 90 days 52.5 (2.4 ) 51.6 (2.3 ) 53.2 (2.5 ) Non Performing: Past due, aged more than 90 days 81.2 (81.2 ) 80.2 (80.2 ) 77.0 (77.0 ) $ 1,792.5 $ (135.0 ) $ 1,952.0 $ (138.7 ) $ 1,745.0 $ (129.4 ) Less: Amounts attributable to accounts receivable held for sale 1,055.6 (20.7 ) — — — — Accounts receivable held for investment $ 736.9 $ (114.3 ) $ 1,952.0 $ (138.7 ) $ 1,745.0 $ (129.4 ) July 29, 2017 January 28, 2017 July 30, 2016 (as a % of the ending receivable balance) Gross Valuation Gross Valuation Gross Valuation Performing Current, aged 0 – 30 days 77.8 % 3.1 % 78.8 % 3.1 % 77.4 % 3.1 % Past due, aged 31 – 60 days 14.8 % 3.3 % 14.5 % 3.2 % 15.1 % 3.3 % Past due, aged 61 – 90 days 2.9 % 4.6 % 2.6 % 4.5 % 3.1 % 4.7 % Non Performing Past due, aged more than 90 days 4.5 % 100.0 % 4.1 % 100.0 % 4.4 % 100.0 % 100.0 % 7.5 % 100.0 % 7.1 % 100.0 % 7.4 %

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 29, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	The following table summarizes the Company’s inventory by classification: (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Raw materials $ 56.1 $ 60.8 $ 75.4 Finished goods 2,226.0 2,388.5 2,342.9 Total inventories $ 2,282.1 $ 2,449.3 $ 2,418.3

Goodwill and intangibles (Table

Goodwill and intangibles (Tables)	6 Months Ended
	Jul. 29, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill by Reporting Unit	The following table summarizes the Company’s goodwill by reportable segment: (in millions) Sterling Zale Piercing UK Jewelry Other Total Balance at January 30, 2016 $ 23.2 $ 488.7 $ — $ — $ 3.6 $ 515.5 Impact of foreign exchange — 2.1 — — — 2.1 Balance at January 28, 2017 23.2 490.8 — — 3.6 517.6 Impact of foreign exchange — 2.3 — — — 2.3 Balance at July 29, 2017 $ 23.2 $ 493.1 $ — $ — $ 3.6 $ 519.9
Schedule of Finite-Lived Intangible Assets	The following table provides detail regarding the composition of intangible assets and liabilities: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Balance sheet location Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Definite-lived intangible assets: Trade names Intangible assets, net $ 1.5 $ (0.9 ) $ 0.6 $ 1.4 $ (0.8 ) $ 0.6 $ 1.4 $ (0.6 ) $ 0.8 Favorable leases Intangible assets, net 48.3 (42.7 ) 5.6 47.6 (36.0 ) 11.6 47.8 (29.4 ) 18.4 Total definite-lived intangible assets 49.8 (43.6 ) 6.2 49.0 (36.8 ) 12.2 49.2 (30.0 ) 19.2 Indefinite-lived trade names Intangible assets, net 407.7 — 407.7 404.8 — 404.8 405.5 — 405.5 Total intangible assets, net $ 457.5 $ (43.6 ) $ 413.9 $ 453.8 $ (36.8 ) $ 417.0 $ 454.7 $ (30.0 ) $ 424.7 Definite-lived intangible liabilities: Unfavorable leases Other liabilities $ (48.9 ) $ 44.3 $ (4.6 ) $ (48.3 ) $ 38.2 $ (10.1 ) $ (48.4 ) $ 31.2 $ (17.2 ) Unfavorable contracts Other liabilities (65.6 ) 36.2 (29.4 ) (65.6 ) 33.5 (32.1 ) (65.6 ) 30.8 (34.8 ) Total intangible liabilities, net $ (114.5 ) $ 80.5 $ (34.0 ) $ (113.9 ) $ 71.7 $ (42.2 ) $ (114.0 ) $ 62.0 $ (52.0 )

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jul. 29, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	(in millions) July 29, 2017 January 28, 2017 July 30, 2016 Deferred ESP selling costs $ 87.2 $ 86.1 $ 82.6 Investments (available-for-sale) 28.5 27.2 27.0 Other assets 49.4 51.8 48.4 Total other assets $ 165.1 $ 165.1 $ 158.0

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jul. 29, 2017
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 29, 2017 January 28, 2017 July 30, 2016 Derivatives designated as hedging instruments: Foreign currency contracts Other current assets $ 0.1 $ 1.4 $ 2.6 Commodity contracts Other current assets 1.4 — 4.0 Interest rate swaps Other assets 0.7 0.4 — $ 2.2 $ 1.8 $ 6.6 Derivatives not designated as hedging instruments: Foreign currency contracts Other current assets 0.4 1.8 0.2 Total derivative assets $ 2.6 $ 3.6 $ 6.8 Fair value of derivative liabilities (in millions) Balance sheet location July 29, 2017 January 28, 2017 July 30, 2016 Derivatives designated as hedging instruments: Foreign currency contracts Other current liabilities $ (1.0 ) $ (0.2 ) $ (0.1 ) Commodity contracts Other current liabilities — (3.4 ) — Interest rate swaps Other liabilities — — (3.8 ) $ (1.0 ) $ (3.6 ) $ (3.9 ) Derivatives not designated as hedging instruments: Foreign currency contracts Other current liabilities (0.1 ) — — Total derivative liabilities $ (1.1 ) $ (3.6 ) $ (3.9 )
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table summarizes the pre-tax gains recorded in AOCI for derivatives designated in cash flow hedging relationships: (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Foreign currency contracts $ 0.6 $ 4.1 $ 3.8 Commodity contracts 1.0 (2.1 ) 6.2 Interest rate swaps 0.7 0.4 (3.8 ) Gains recorded in AOCI $ 2.3 $ 2.4 $ 6.2
Derivative Instruments, Gain (Loss)	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 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Gains recorded in AOCI, beginning of period $ 2.1 $ 0.6 $ 4.1 $ 1.4 Current period (losses) gains recognized in OCI (0.3 ) 3.6 (1.3 ) 3.0 Gains reclassified from AOCI to net income Cost of sales (1.2 ) (0.4 ) (2.2 ) (0.6 ) Gains recorded in AOCI, end of period $ 0.6 $ 3.8 $ 0.6 $ 3.8 Commodity contracts 13 weeks ended 26 weeks ended (in millions) Income statement caption July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Gains (losses) recorded in AOCI, beginning of period $ 2.1 $ 4.4 $ (2.1 ) $ (3.7 ) Current period (losses) gains recognized in OCI (0.8 ) 1.0 4.6 7.9 (Gains) losses reclassified from AOCI to net income Cost of sales (0.3 ) 0.8 (1.5 ) 2.0 Gains recorded in AOCI, end of period $ 1.0 $ 6.2 $ 1.0 $ 6.2 Interest rate swaps 13 weeks ended 26 weeks ended (in millions) Income statement caption July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Gains (losses) recorded in AOCI, beginning of period $ 0.8 $ (3.2 ) $ 0.4 $ (3.4 ) Current period losses recognized in OCI (0.2 ) (1.2 ) (0.1 ) (1.6 ) Losses reclassified from AOCI to net income Interest expense, net 0.1 0.6 0.4 1.2 Gains (losses) recorded in AOCI, end of period $ 0.7 $ (3.8 ) $ 0.7 $ (3.8 ) 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 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Derivatives not designated as hedging instruments: Foreign currency contracts Other operating income, net $ 4.9 $ 1.9 $ 3.2 $ 1.6

Fair value measurements (Tables

Fair value measurements (Tables)	6 Months Ended
	Jul. 29, 2017
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The methods Signet uses to determine fair value on an instrument-specific basis are detailed below: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Carrying Value Quoted prices in active markets for identical assets Significant Carrying Value Quoted prices in active markets for identical assets Significant Carrying Value Quoted prices in active markets for identical assets Significant Assets: US Treasury securities $ 7.9 $ 7.9 $ — $ 8.1 $ 8.1 $ — $ 8.3 $ 8.3 $ — Corporate equity securities 4.1 4.1 — 3.8 3.8 — 3.6 3.6 — Foreign currency contracts 0.5 — 0.5 3.2 — 3.2 2.8 — 2.8 Commodity contracts 1.4 — 1.4 — — — 4.0 — 4.0 Interest rate swaps 0.7 0.7 0.4 — 0.4 — — — US government agency securities 5.3 — 5.3 4.4 — 4.4 4.3 — 4.3 Corporate bonds and notes 11.2 — 11.2 10.9 — 10.9 10.8 — 10.8 Total assets $ 31.1 $ 12.0 $ 19.1 $ 30.8 $ 11.9 $ 18.9 $ 33.8 $ 11.9 $ 21.9 Liabilities: Foreign currency contracts $ (1.1 ) $ — $ (1.1 ) $ (0.2 ) $ — $ (0.2 ) $ (0.1 ) $ — $ (0.1 ) Commodity contracts — — — (3.4 ) — (3.4 ) — — — Interest rate swaps — — — — — — (3.8 ) — (3.8 ) Total liabilities $ (1.1 ) $ — $ (1.1 ) $ (3.6 ) $ — $ (3.6 ) $ (3.9 ) $ — $ (3.9 )
Schedule of Carrying Values and Estimated Fair Values	The carrying amount and fair value of outstanding debt at July 29, 2017 , January 28, 2017 and July 30, 2016 were as follows: July 29, 2017 January 28, 2017 July 30, 2016 (in millions) Carrying Fair Value Carrying Fair Value Carrying Fair Value Long-term debt: Senior notes (Level 2) $ 394.1 $ 394.7 $ 393.7 $ 391.2 $ 393.3 $ 403.3 Securitization facility (Level 2) 599.8 600.0 599.7 600.0 599.5 600.0 Term loan (Level 2) 336.5 339.6 345.1 348.6 353.6 357.5 Capital lease obligations (Level 2) — — — — 0.1 0.1 Total $ 1,330.4 $ 1,334.3 $ 1,338.5 $ 1,339.8 $ 1,346.5 $ 1,360.9

Loans, overdrafts and long-te43

Loans, overdrafts and long-term debt (Tables)	6 Months Ended
	Jul. 29, 2017
Debt Disclosure [Abstract]
Summary of Loans, Overdrafts and Long-Term Debt	(in millions) July 29, 2017 January 28, 2017 July 30, 2016 Debt: Senior unsecured notes due 2024, net of unamortized discount $ 398.9 $ 398.8 $ 398.7 Securitization facility 600.0 600.0 600.0 Senior unsecured term loan 339.6 348.6 357.5 Revolving credit facility 303.0 56.0 200.0 Bank overdrafts 11.1 14.2 22.1 Capital lease obligations — — 0.1 Total debt $ 1,652.6 $ 1,417.6 $ 1,578.4 Less: Current portion of loans and overdrafts (939.4 ) (91.1 ) (238.6 ) Less: Unamortized capitalized debt issuance fees (7.9 ) (8.6 ) (9.3 ) Total long-term debt $ 705.3 $ 1,317.9 $ 1,330.5

Deferred revenue (Tables)

Deferred revenue (Tables)	6 Months Ended
	Jul. 29, 2017
Deferred Revenue Disclosure [Abstract]
Deferred Revenue	Deferred revenue is comprised primarily of ESP and voucher promotions and other as follows: (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Sterling Jewelers ESP deferred revenue $ 732.7 $ 737.4 $ 720.3 Zale ESP deferred revenue 169.5 168.2 156.2 Voucher promotions and other 18.9 30.3 17.9 Total deferred revenue $ 921.1 $ 935.9 $ 894.4 Disclosed as: Current liabilities $ 262.3 $ 276.9 $ 254.5 Non-current liabilities 658.8 659.0 639.9 Total deferred revenue $ 921.1 $ 935.9 $ 894.4 ESP deferred revenue 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Sterling Jewelers ESP deferred revenue, beginning of period $ 736.0 $ 723.8 $ 737.4 $ 715.1 Plans sold 63.5 61.6 128.8 137.6 Revenue recognized (66.8 ) (65.1 ) (133.5 ) (132.4 ) Sterling Jewelers ESP deferred revenue, end of period $ 732.7 $ 720.3 $ 732.7 $ 720.3 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Zale ESP deferred revenue, beginning of period $ 167.7 $ 155.1 $ 168.2 $ 146.1 Plans sold (1) 33.3 31.9 64.6 72.5 Revenue recognized (31.5 ) (30.8 ) (63.3 ) (62.4 ) Zale ESP deferred revenue, end of period $ 169.5 $ 156.2 $ 169.5 $ 156.2 (1) Includes impact of foreign exchange translation.

Warranty reserve (Tables)

Warranty reserve (Tables)	6 Months Ended
	Jul. 29, 2017
Other Liabilities Disclosure [Abstract]
Other Liabilities	The warranty reserve for diamond and gemstone guarantee, included in accrued expenses and other current liabilities and other non-current liabilities, is as follows: 13 weeks ended 26 weeks ended (in millions) July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Warranty reserve, beginning of period $ 39.2 $ 41.3 $ 40.0 $ 41.9 Warranty expense 2.5 2.8 4.8 5.7 Utilized (1) (2.4 ) (3.7 ) (5.5 ) (7.2 ) Warranty reserve, end of period $ 39.3 $ 40.4 $ 39.3 $ 40.4 (1) Includes impact of foreign exchange translation. (in millions) July 29, 2017 January 28, 2017 July 30, 2016 Disclosed as: Current liabilities $ 12.2 $ 13.0 $ 12.5 Non-current liabilities 27.1 27.0 27.9 Total warranty reserve $ 39.3 $ 40.0 $ 40.4

Condensed consolidating finan46

Condensed consolidating financial information (Tables)	6 Months Ended
	Jul. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Income Statement	Condensed Consolidated Income Statement For the 13 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 1,322.3 $ 77.3 $ — $ 1,399.6 Cost of sales — — (927.8 ) (13.9 ) — (941.7 ) Gross margin — — 394.5 63.4 — 457.9 Selling, general and administrative expenses (0.2 ) — (377.0 ) (31.8 ) — (409.0 ) Credit transaction, net — — 14.8 — — 14.8 Other operating income, net — — 71.7 0.2 — 71.9 Operating (loss) income (0.2 ) — 104.0 31.8 — 135.6 Intra-entity interest income (expense) — 4.7 (46.4 ) 41.7 — — Interest expense, net — (5.0 ) (4.7 ) (3.8 ) — (13.5 ) (Loss) income before income taxes (0.2 ) (0.3 ) 52.9 69.7 — 122.1 Income taxes — 0.1 (21.3 ) (7.5 ) — (28.7 ) Equity in income of subsidiaries 93.6 — 21.6 34.2 (149.4 ) — Net income (loss) $ 93.4 $ (0.2 ) $ 53.2 $ 96.4 $ (149.4 ) $ 93.4 Dividends on redeemable convertible preferred shares (8.2 ) — — — — (8.2 ) Net income (loss) attributable to common shareholders $ 85.2 $ (0.2 ) $ 53.2 $ 96.4 $ (149.4 ) $ 85.2 Condensed Consolidated Income Statement For the 13 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 1,314.9 $ 58.5 $ — $ 1,373.4 Cost of sales — — (897.2 ) (11.3 ) — (908.5 ) Gross margin — — 417.7 47.2 — 464.9 Selling, general and administrative expenses (0.5 ) — (390.3 ) (24.9 ) — (415.7 ) Other operating income (loss), net — — 80.4 (9.7 ) — 70.7 Operating (loss) income (0.5 ) — 107.8 12.6 — 119.9 Intra-entity interest income (expense) — 4.7 (47.5 ) 42.8 — — Interest expense, net — (4.9 ) (3.9 ) (3.1 ) — (11.9 ) (Loss) income before income taxes (0.5 ) (0.2 ) 56.4 52.3 — 108.0 Income taxes — 0.1 (22.4 ) (3.8 ) — (26.1 ) Equity in income of subsidiaries 82.4 — 15.5 32.4 (130.3 ) — Net income (loss) $ 81.9 $ (0.1 ) $ 49.5 $ 80.9 $ (130.3 ) $ 81.9 Dividends on redeemable convertible preferred shares — — — — — — Net income (loss) attributable to common shareholders $ 81.9 $ (0.1 ) $ 49.5 $ 80.9 $ (130.3 ) $ 81.9 Condensed Consolidated Income Statement For the 26 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 2,647.5 $ 155.5 $ — $ 2,803.0 Cost of sales — — (1,823.2 ) (30.7 ) — (1,853.9 ) Gross margin — — 824.3 124.8 — 949.1 Selling, general and administrative expenses (0.4 ) — (798.5 ) (62.9 ) — (861.8 ) Credit transaction, net — — 14.8 — — 14.8 Other operating income (loss), net — — 148.9 (0.1 ) — 148.8 Operating (loss) income (0.4 ) — 189.5 61.8 — 250.9 Intra-entity interest income (expense) — 9.4 (91.8 ) 82.4 — — Interest expense, net — (9.9 ) (8.8 ) (7.4 ) — (26.1 ) (Loss) income before income taxes (0.4 ) (0.5 ) 88.9 136.8 — 224.8 Income taxes — 0.1 (36.7 ) (16.3 ) — (52.9 ) Equity in income of subsidiaries 172.3 — 30.3 56.5 (259.1 ) — Net income (loss) $ 171.9 $ (0.4 ) $ 82.5 $ 177.0 $ (259.1 ) $ 171.9 Dividends on redeemable convertible preferred shares (16.4 ) — — — — (16.4 ) Net income (loss) attributable to common shareholders $ 155.5 $ (0.4 ) $ 82.5 $ 177.0 $ (259.1 ) $ 155.5 Condensed Consolidated Income Statement For the 26 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Sales $ — $ — $ 2,833.2 $ 119.1 $ — $ 2,952.3 Cost of sales — — (1,866.3 ) (20.7 ) — (1,887.0 ) Gross margin — — 966.9 98.4 — 1,065.3 Selling, general and administrative expenses (0.6 ) — (828.9 ) (48.9 ) — (878.4 ) Other operating income (loss), net — — 152.0 (7.0 ) — 145.0 Operating (loss) income (0.6 ) — 290.0 42.5 — 331.9 Intra-entity interest income (expense) — 9.4 (94.4 ) 85.0 — — Interest expense, net — (9.8 ) (7.6 ) (6.3 ) — (23.7 ) (Loss) income before income taxes (0.6 ) (0.4 ) 188.0 121.2 — 308.2 Income taxes — 0.1 (76.6 ) (3.0 ) — (79.5 ) Equity in income of subsidiaries 229.3 — 100.7 116.7 (446.7 ) — Net income (loss) $ 228.7 $ (0.3 ) $ 212.1 $ 234.9 $ (446.7 ) $ 228.7 Dividends on redeemable convertible preferred shares — — — — — — Net income (loss) attributable to common shareholders $ 228.7 $ (0.3 ) $ 212.1 $ 234.9 $ (446.7 ) $ 228.7
Condensed Statement of Comprehensive Income	Condensed Consolidated Statement of Comprehensive Income (Loss) For the 13 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net income (loss) $ 93.4 $ (0.2 ) $ 53.2 $ 96.4 $ (149.4 ) $ 93.4 Other comprehensive income (loss): Foreign currency translation adjustments 24.6 — 24.6 — (24.6 ) 24.6 Available-for-sale securities: Unrealized gain 0.3 — — 0.3 (0.3 ) 0.3 Cash flow hedges: Unrealized loss (0.9 ) — (0.9 ) — 0.9 (0.9 ) Reclassification adjustment for gains to net income (1.1 ) — (1.1 ) — 1.1 (1.1 ) Pension plan: Reclassification adjustment to net income for amortization of actuarial losses 0.6 — 0.6 — (0.6 ) 0.6 Reclassification adjustment to net income for amortization of net prior service credits (0.4 ) — (0.4 ) — 0.4 (0.4 ) Total other comprehensive income 23.1 — 22.8 0.3 (23.1 ) 23.1 Total comprehensive income (loss) $ 116.5 $ (0.2 ) $ 76.0 $ 96.7 $ (172.5 ) $ 116.5 Condensed Consolidated Statement of Comprehensive Income (Loss) For the 13 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net income (loss) $ 81.9 $ (0.1 ) $ 49.5 $ 80.9 $ (130.3 ) $ 81.9 Other comprehensive income (loss): Foreign currency translation adjustments (39.9 ) — (44.9 ) 5.0 39.9 (39.9 ) Available-for-sale securities: Unrealized gain 0.2 — — 0.2 (0.2 ) 0.2 Cash flow hedges: Unrealized gain 2.7 — 2.7 — (2.7 ) 2.7 Reclassification adjustment for losses to net income 0.6 — 0.6 — (0.6 ) 0.6 Pension plan: Reclassification adjustment to net income for amortization of actuarial losses 0.3 — 0.3 — (0.3 ) 0.3 Reclassification adjustment to net income for amortization of net prior service credits (0.4 ) — (0.4 ) — 0.4 (0.4 ) Total other comprehensive (loss) income (36.5 ) — (41.7 ) 5.2 36.5 (36.5 ) Total comprehensive income (loss) $ 45.4 $ (0.1 ) $ 7.8 $ 86.1 $ (93.8 ) $ 45.4
Condensed Balance Sheet	Condensed Consolidated Balance Sheet July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 0.7 $ 0.1 $ 90.2 $ 28.1 $ — $ 119.1 Accounts receivable, held for sale — — 1,055.6 — — 1,055.6 Accounts receivable, net — — 664.5 — — 664.5 Intra-entity receivables, net 113.1 3.1 — 162.4 (278.6 ) — Other receivables — — 63.3 27.9 — 91.2 Other current assets — — 123.5 5.0 — 128.5 Income taxes — — 1.8 — — 1.8 Inventories — — 2,214.7 67.4 — 2,282.1 Total current assets 113.8 3.2 4,213.6 290.8 (278.6 ) 4,342.8 Non-current assets: Property, plant and equipment, net — — 832.6 4.0 — 836.6 Goodwill — — 516.3 3.6 — 519.9 Intangible assets, net — — 413.9 — — 413.9 Investment in subsidiaries 2,703.1 — 532.8 390.8 (3,626.7 ) — Intra-entity receivables, net — 400.0 — 3,440.0 (3,840.0 ) — Other assets — — 133.6 31.5 — 165.1 Deferred tax assets — — — — — — Retirement benefit asset — — 35.5 — — 35.5 Total assets $ 2,816.9 $ 403.2 $ 6,678.3 $ 4,160.7 $ (7,745.3 ) $ 6,313.8 Liabilities and Shareholders’ equity Current liabilities: Loans and overdrafts $ — $ (0.7 ) $ 340.1 $ 600.0 $ — $ 939.4 Accounts payable — — 142.7 5.5 — 148.2 Intra-entity payables, net — — 278.6 — (278.6 ) — Accrued expenses and other current liabilities 27.6 2.4 375.9 20.7 — 426.6 Deferred revenue — — 262.3 — — 262.3 Income taxes — (0.1 ) 30.1 3.5 — 33.5 Total current liabilities 27.6 1.6 1,429.7 629.7 (278.6 ) 1,810.0 Non-current liabilities: Long-term debt — 394.8 310.5 — — 705.3 Intra-entity payables, net — — 3,840.0 — (3,840.0 ) — Other liabilities — — 241.4 5.7 — 247.1 Deferred revenue — — 658.8 — — 658.8 Deferred tax liabilities — — 103.3 — — 103.3 Total liabilities 27.6 396.4 6,583.7 635.4 (4,118.6 ) 3,524.5 Series A redeemable convertible preferred shares 612.7 — — — — 612.7 Total shareholders’ equity 2,176.6 6.8 94.6 3,525.3 (3,626.7 ) 2,176.6 Total liabilities, preferred shares and shareholders’ equity $ 2,816.9 $ 403.2 $ 6,678.3 $ 4,160.7 $ (7,745.3 ) $ 6,313.8 Condensed Consolidated Balance Sheet January 28, 2017 (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 1.7 $ 0.1 $ 70.3 $ 26.6 $ — $ 98.7 Accounts receivable, net — — 1,858.0 — — 1,858.0 Intra-entity receivables, net 12.7 — 145.1 — (157.8 ) — Other receivables — — 71.1 24.8 — 95.9 Other current assets — — 131.4 4.9 — 136.3 Income taxes — — 4.4 — — 4.4 Inventories — — 2,371.8 77.5 — 2,449.3 Total current assets 14.4 0.1 4,652.1 133.8 (157.8 ) 4,642.6 Non-current assets: Property, plant and equipment, net — — 818.5 4.4 — 822.9 Goodwill — — 514.0 3.6 — 517.6 Intangible assets, net — — 417.0 — — 417.0 Investment in subsidiaries 3,117.6 — 721.6 590.9 (4,430.1 ) — Intra-entity receivables, net — 402.9 — 3,647.1 (4,050.0 ) — Other assets — — 134.8 30.3 — 165.1 Deferred tax assets — — 0.6 0.1 — 0.7 Retirement benefit asset — — 31.9 — — 31.9 Total assets $ 3,132.0 $ 403.0 $ 7,290.5 $ 4,410.2 $ (8,637.9 ) $ 6,597.8 Liabilities and Shareholders’ equity Current liabilities: Loans and overdrafts $ — $ (0.7 ) $ 91.8 $ — $ — $ 91.1 Accounts payable — — 248.2 7.5 — 255.7 Intra-entity payables, net — — — 157.8 (157.8 ) — Accrued expenses and other current liabilities 29.9 2.5 429.2 16.6 — 478.2 Deferred revenue — — 275.5 1.4 — 276.9 Income taxes — (0.2 ) 115.5 (13.5 ) — 101.8 Total current liabilities 29.9 1.6 1,160.2 169.8 (157.8 ) 1,203.7 Non-current liabilities: Long-term debt — 394.3 323.6 600.0 — 1,317.9 Intra-entity payables, net — — 4,050.0 — (4,050.0 ) — Other liabilities — — 208.7 5.0 — 213.7 Deferred revenue — — 659.0 — — 659.0 Deferred tax liabilities — — 101.4 — — 101.4 Total liabilities 29.9 395.9 6,502.9 774.8 (4,207.8 ) 3,495.7 Series A redeemable convertible preferred shares 611.9 — — — — 611.9 Total shareholders’ equity 2,490.2 7.1 787.6 3,635.4 (4,430.1 ) 2,490.2 Total liabilities, preferred shares and shareholders’ equity $ 3,132.0 $ 403.0 $ 7,290.5 $ 4,410.2 $ (8,637.9 ) $ 6,597.8 Condensed Consolidated Balance Sheet July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 0.2 $ 0.1 $ 83.8 $ 34.6 $ — $ 118.7 Accounts receivable, net — — 1,648.5 2.1 — 1,650.6 Intra-entity receivables, net 74.0 — — 221.0 (295.0 ) — Other receivables — — 46.3 20.6 — 66.9 Other current assets 0.1 — 146.7 5.2 — 152.0 Income taxes — — 1.4 — — 1.4 Inventories — — 2,342.5 75.8 — 2,418.3 Total current assets 74.3 0.1 4,269.2 359.3 (295.0 ) 4,407.9 Non-current assets: Property, plant and equipment, net — — 734.6 4.9 — 739.5 Goodwill — — 514.5 3.6 — 518.1 Intangible assets, net — — 424.7 — — 424.7 Investment in subsidiaries 2,835.5 — 675.2 525.6 (4,036.3 ) — Intra-entity receivables, net — 402.8 — 3,657.2 (4,060.0 ) — Other assets — — 127.4 30.6 — 158.0 Deferred tax assets — — — — — — Retirement benefit asset — — 49.8 — — 49.8 Total assets $ 2,909.8 $ 402.9 $ 6,795.4 $ 4,581.2 $ (8,391.3 ) $ 6,298.0 Liabilities and Shareholders’ equity Current liabilities: Loans and overdrafts $ — $ (0.7 ) $ 239.3 $ — $ — $ 238.6 Accounts payable — — 192.5 2.6 — 195.1 Intra-entity payables, net — — 295.0 — (295.0 ) — Accrued expenses and other current liabilities 29.9 2.4 371.5 13.8 — 417.6 Deferred revenue — — 254.5 — — 254.5 Income taxes — (0.1 ) 38.4 — — 38.3 Total current liabilities 29.9 1.6 1,391.2 16.4 (295.0 ) 1,144.1 Non-current liabilities: Long-term debt — 393.9 336.6 600.0 — 1,330.5 Intra-entity payables, net — — 4,060.0 — (4,060.0 ) — Other liabilities — — 217.3 6.5 — 223.8 Deferred revenue — — 639.9 — — 639.9 Deferred tax liabilities — — 80.0 (0.2 ) — 79.8 Total liabilities 29.9 395.5 6,725.0 622.7 (4,355.0 ) 3,418.1 Series A redeemable convertible preferred shares — — — — — — Total shareholders’ equity 2,879.9 7.4 70.4 3,958.5 (4,036.3 ) 2,879.9 Total liabilities, preferred shares and shareholders’ equity $ 2,909.8 $ 402.9 $ 6,795.4 $ 4,581.2 $ (8,391.3 ) $ 6,298.0
Condensed Cash Flow Statement	Condensed Consolidated Statement of Cash Flows For the 26 weeks ended July 29, 2017 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net cash provided by operating activities $ 617.7 $ 0.1 $ 479.3 $ 430.7 $ (1,118.0 ) $ 409.8 Investing activities Purchase of property, plant and equipment — — (105.6 ) (0.1 ) — (105.7 ) Purchase of available-for-sale securities — — — (1.3 ) — (1.3 ) Proceeds from available-for-sale securities — — — 0.6 — 0.6 Net cash used in investing activities — — (105.6 ) (0.8 ) — (106.4 ) Financing activities Dividends paid on common shares (39.0 ) — — — — (39.0 ) Dividends paid on redeemable convertible preferred shares (19.1 ) — — — — (19.1 ) Intra-entity dividends paid — — (800.0 ) (318.0 ) 1,118.0 — Proceeds from issuance of common shares 0.2 — — — — 0.2 Repayments of term loan — — (9.0 ) — — (9.0 ) Proceeds from securitization facility — — — 1,242.9 — 1,242.9 Repayments of securitization facility — — — (1,242.9 ) — (1,242.9 ) Proceeds from revolving credit facility — — 550.0 — — 550.0 Repayments of revolving credit facility — — (303.0 ) — — (303.0 ) Repurchase of common shares (460.0 ) — — — — (460.0 ) Net settlement of equity based awards (3.2 ) — — — — (3.2 ) Proceeds from short-term borrowings — — (3.1 ) — — (3.1 ) Intra-entity activity, net (97.6 ) (0.1 ) 208.1 (110.4 ) — — Net cash used in financing activities (618.7 ) (0.1 ) (357.0 ) (428.4 ) 1,118.0 (286.2 ) Cash and cash equivalents at beginning of period 1.7 0.1 70.3 26.6 — 98.7 (Decrease) increase in cash and cash equivalents (1.0 ) — 16.7 1.5 — 17.2 Effect of exchange rate changes on cash and cash equivalents — — 3.2 — — 3.2 Cash and cash equivalents at end of period $ 0.7 $ 0.1 $ 90.2 $ 28.1 $ — $ 119.1 Condensed Consolidated Statement of Cash Flows For the 26 weeks ended July 30, 2016 (Unaudited) (in millions) Signet Signet UK Guarantor Non- Eliminations Consolidated Net cash provided by operating activities $ 549.7 $ 0.2 $ 383.3 $ 317.0 $ (941.0 ) $ 309.2 Investing activities Purchase of property, plant and equipment — — (101.0 ) — — (101.0 ) Investment in subsidiaries (91.0 ) — — — 91.0 — Purchase of available-for-sale securities — — — (2.6 ) — (2.6 ) Proceeds from available-for-sale securities — — — 3.1 — 3.1 Net cash (used in) provided by investing activities (91.0 ) — (101.0 ) 0.5 91.0 (100.5 ) Financing activities Dividends paid on common shares (37.9 ) — — — — (37.9 ) Dividends paid on redeemable convertible preferred shares — — — — — — Intra-entity dividends paid — — (650.0 ) (291.0 ) 941.0 — Proceeds from issuance of common shares 0.4 — 91.0 — (91.0 ) 0.4 Excess tax benefit from exercise of share awards — — 1.3 — — 1.3 Repayments of term loan — — (7.5 ) — — (7.5 ) Proceeds from securitization facility — — — 1,278.9 — 1,278.9 Repayments of securitization facility — — — (1,278.9 ) — (1,278.9 ) Proceeds from revolving credit facility — — 318.0 — — 318.0 Repayments of revolving credit facility — — (118.0 ) — — (118.0 ) Payment of debt issuance costs — — (2.1 ) (0.6 ) — (2.7 ) Repurchase of common shares (375.0 ) — — — — (375.0 ) Net settlement of equity based awards (4.8 ) — — — — (4.8 ) Capital lease payments — — (0.1 ) — — (0.1 ) Proceeds from short-term borrowings — — (2.3 ) — — (2.3 ) Intra-entity activity, net (43.1 ) (0.2 ) 68.0 (24.7 ) — — Net cash used in financing activities (460.4 ) (0.2 ) (301.7 ) (316.3 ) 850.0 (228.6 ) Cash and cash equivalents at beginning of period 1.9 0.1 102.0 33.7 — 137.7 (Decrease) increase in cash and cash equivalents (1.7 ) — (19.4 ) 1.2 — (19.9 ) Effect of exchange rate changes on cash and cash equivalents — — 1.2 (0.3 ) — 0.9 Cash and cash equivalents at end of period $ 0.2 $ 0.1 $ 83.8 $ 34.6 $ — $ 118.7

Organization and principal ac47

Organization and principal accounting policies - Additional information (Details)	6 Months Ended
	Jul. 29, 2017segment
Property, Plant and Equipment [Line Items]
Number of reportable segments	5
Seasonal revenues, first quarter sales, percent	20.00%
Seasonal revenues, second quarter sales, percent	20.00%
Seasonal revenues, third quarter sales, percent	20.00%
Seasonal revenues, fourth quarter sales, percent	40.00%
UK Jewelry and Zales Jewelry | Minimum
Property, Plant and Equipment [Line Items]
Operating income expected in fourth quarter, Percent	45.00%
UK Jewelry and Zales Jewelry | Maximum
Property, Plant and Equipment [Line Items]
Operating income expected in fourth quarter, Percent	55.00%
Sterling Jewelers | Minimum
Property, Plant and Equipment [Line Items]
Operating income expected in fourth quarter, Percent	40.00%
Sterling Jewelers | Maximum
Property, Plant and Equipment [Line Items]
Operating income expected in fourth quarter, Percent	45.00%

Credit Transaction - Narrative

Credit Transaction - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Oct. 31, 2017	Jul. 29, 2017	Jul. 30, 2016
Debt Instrument [Line Items]
Reversal of allowance on receivables held for sale		$ (20.7)	$ 0
Consumer Portfolio Segment
Debt Instrument [Line Items]
Reversal of allowance on receivables held for sale		20.7	$ 0
Sterling Jewelers, Inc. | Consumer Portfolio Segment
Debt Instrument [Line Items]
Loans receivables held for sale, amount		$ 1,000
Forecast | Securitization Facility
Debt Instrument [Line Items]
Repayments of secured debt	$ 600
Forecast | Sterling Jewelers, Inc. | Consumer Portfolio Segment
Debt Instrument [Line Items]
Net proceeds	$ 1,000

Segment information - Additiona

Segment information - Additional Information (Details)	6 Months Ended
	Jul. 29, 2017segment
Segment Reporting [Abstract]
Number of reportable segments	5

Segment information - Summary o

Segment information - Summary of Activity by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Segment Reporting Information [Line Items]
Reversal of allowance on receivables held for sale			$ (20.7)	$ 0
Sales	$ 1,399.6	$ 1,373.4	2,803	2,952.3
Operating income (loss)	135.6	119.9	250.9	331.9
Total assets	6,313.8	6,298	6,313.8	6,298	$ 6,597.8
Sterling Jewelers
Segment Reporting Information [Line Items]
Sales	868.1	839.4	1,739.1	1,819.8
Operating income (loss)	159.4	140.9	288.9	339.2
Total assets	3,807.1	3,699.5	3,807.1	3,699.5	4,015.4
Zale Jewelry
Segment Reporting Information [Line Items]
Sales	331.8	331	665.5	712.4
Operating income (loss)	1.2	0.5	3.3	18.8
Total assets	1,878.4	1,931.1	1,878.4	1,931.1	1,940.7
Piercing Pagoda
Segment Reporting Information [Line Items]
Sales	62.3	57	132	126
Operating income (loss)	1	(0.2)	4.2	7.6
Total assets	140.8	138.4	140.8	138.4	141.6
UK Jewelry
Segment Reporting Information [Line Items]
Sales	131.9	145.2	254.4	289.2
Operating income (loss)	2.3	1.7	(0.2)	3
Total assets	384.8	392.3	384.8	392.3	372.6
Other
Segment Reporting Information [Line Items]
Sales	5.5	0.8	12	4.9
Operating income (loss)	(28.3)	(23)	(45.3)	(36.7)
Total assets	$ 102.7	$ 136.7	102.7	136.7	$ 127.5
Consumer Portfolio Segment
Segment Reporting Information [Line Items]
Reversal of allowance on receivables held for sale			20.7	$ 0
Consumer Portfolio Segment | Sterling Jewelers
Segment Reporting Information [Line Items]
Reversal of allowance on receivables held for sale			20.7
Consumer Portfolio Segment | Other
Segment Reporting Information [Line Items]
Transaction costs			(5.9)
R2Net Inc. | Other
Segment Reporting Information [Line Items]
Acquisition related costs			$ 4.7

Redeemable preferred shares - A

Redeemable preferred shares - Additional Information (Details) $ / shares in Units, $ in Millions	Oct. 05, 2016USD ($)$ / sharesshares	Jul. 29, 2017USD ($)shares	Jul. 29, 2017USD ($)$ / sharesshares	Jan. 28, 2017USD ($)$ / sharesshares
Temporary Equity [Line Items]
Accretion on redeemable convertible preferred shares			$ 16.4
Series A Redeemable Convertible Preferred Stock
Temporary Equity [Line Items]
Redeemable convertible preferred stock, shares issued | shares	625,000
Preferred stock, purchase price	$ 625
Shares issued, price per share | $ / shares	$ 1,000
Payments of stock issuance costs	$ 13.7
Accumulated accretion of dividends		$ 1.4	1.4	$ 0.6
Accretion on redeemable convertible preferred shares		$ 0.4	$ 0.8
Conversion ratio			10.7707	10.6529
Conversion price (USD per share) | $ / shares			$ 92.8445	$ 93.8712
Conversion of stock, shares issued | shares		6,700,000	6,700,000	6,700,000
Preferred stock, dividend rate, percentage			5.00%
Liquidation preference		$ 632.8	$ 632.8

Shareholders' equity - Addition

Shareholders' equity - Additional Information (Detail) - USD ($)	1 Months Ended
	Aug. 31, 2016	Jul. 29, 2017	Jun. 30, 2017	Feb. 29, 2016
2016 Program
Class of Stock [Line Items]
Amount authorized	$ 1,375,000,000	$ 1,375,000,000		$ 750,000,000
Increase in authorized share repurchase program amount	$ 625,000,000
2017 Program
Class of Stock [Line Items]
Amount authorized			$ 600,000,000

Shareholders' equity - Share Re

Shareholders' equity - Share Repurchase (Details) - USD ($) $ / shares in Units, shares in Millions	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Aug. 31, 2016	Feb. 29, 2016
Class of Stock [Line Items]
Shares repurchased (shares)	8.1	3.9
Amount repurchased	$ 460,000,000	$ 375,000,000
Average repurchase price per share (usd per share)	$ 56.91	$ 95.49
2016 Program
Class of Stock [Line Items]
Amount authorized	$ 1,375,000,000		$ 1,375,000,000	$ 750,000,000
Shares repurchased (shares)	8.1	2.7
Amount repurchased	$ 460,000,000	$ 239,400,000
Average repurchase price per share (usd per share)	$ 56.91	$ 88.39
Remaining authorized repurchase amount	$ 50,600,000
2013 Program
Class of Stock [Line Items]
Amount authorized		$ 350,000,000
Shares repurchased (shares)		1.2
Amount repurchased		$ 135,600,000
Average repurchase price per share (usd per share)		$ 111.26

Shareholders' equity - Dividend

Shareholders' equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended				6 Months Ended
	Aug. 29, 2017	Jul. 29, 2017	Apr. 29, 2017	Jul. 30, 2016	Apr. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Dividends Payable [Line Items]
Dividends declared per share (usd per share)		$ 0.31	$ 0.31	$ 0.26	$ 0.26	$ 0.62	$ 0.52
Dividends, common stock		$ 18.7	$ 21.3	$ 19.7	$ 20.4	$ 40	$ 40.1
Dividends on redeemable convertible preferred shares						16.4
Subsequent Event
Dividends Payable [Line Items]
Dividends declared per share (usd per share)	$ 0.31
Dividends payable date	Nov. 30, 2017
Dividends payable, date of record	Oct. 27, 2017
Series A Redeemable Convertible Preferred Stock
Dividends Payable [Line Items]
Cash dividends declared		7.8				15.6
Dividends on preferred shares		7.8				7.8
Dividends on redeemable convertible preferred shares		$ 0.4				$ 0.8

Earnings per common share (_E55

Earnings per common share (“EPS”) - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Earnings Per Share [Abstract]
Net income attributable to common shareholders	$ 85.2	$ 81.9	$ 155.5	$ 228.7
Dividends on preferred shares	8.2		0
Net income	$ 93.4	$ 81.9	$ 155.5	$ 228.7
Basic weighted average number of shares outstanding (shares)	63.8	77.1	65.9	77.8
Dilutive effect of share awards (shares)	0	0.1	0.1	0.1
Dilutive effect of preferred shares (shares)	6.7		0
Diluted weighted average number of shares outstanding (shares)	70.5	77.2	66	77.9
Earnings per share - basic (usd per share)	$ 1.34	$ 1.06	$ 2.36	$ 2.94
Earnings per share - diluted (usd per share)	$ 1.33	$ 1.06	$ 2.36	$ 2.94

Earnings per common share (_E56

Earnings per common share (“EPS”) - Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share (Details) - shares shares in Millions	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (shares)	7	0.2
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (shares)	0.3	0.2
Preferred shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (shares)	6.7

Accumulated other comprehensi57

Accumulated other comprehensive income (loss) - Changes in Accumulated OCI by Component and Reclassifications Out of Accumulated OCI (Details) $ in Millions	6 Months Ended
	Jul. 29, 2017USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 2,490.2
Other comprehensive income (“OCI”) before reclassifications	27.4
Amounts reclassified from AOCI to net income	(2)
Total other comprehensive (loss) income	25.4
Balance	2,176.6
Foreign currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(263.4)
Other comprehensive income (“OCI”) before reclassifications	25.1
Amounts reclassified from AOCI to net income	0
Total other comprehensive (loss) income	25.1
Balance	(238.3)
Losses on available-for-sale securities, net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(0.4)
Other comprehensive income (“OCI”) before reclassifications	0.5
Amounts reclassified from AOCI to net income	0
Total other comprehensive (loss) income	0.5
Balance	0.1
Gains (losses) on cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	2.4
Other comprehensive income (“OCI”) before reclassifications	1.8
Amounts reclassified from AOCI to net income	(2.5)
Total other comprehensive (loss) income	(0.7)
Balance	1.7
Accumulated other comprehensive loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(307.7)
Balance	(282.3)
Pension Plan | Actuarial losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(55.5)
Other comprehensive income (“OCI”) before reclassifications	0
Amounts reclassified from AOCI to net income	1.2
Total other comprehensive (loss) income	1.2
Balance	(54.3)
Pension Plan | Prior service credits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	9.2
Other comprehensive income (“OCI”) before reclassifications	0
Amounts reclassified from AOCI to net income	(0.7)
Total other comprehensive (loss) income	(0.7)
Balance	$ 8.5

Accumulated other comprehensi58

Accumulated other comprehensive income (loss) - Reclassifications out of AOCI (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales reclassification adjustment		$ 941.7	$ 908.5	$ 1,853.9	$ 1,887
Interest expense reclassification adjustment		13.5	11.9	26.1	23.7
Income before income taxes		(122.1)	(108)	(224.8)	(308.2)
Income taxes		28.7	26.1	52.9	79.5
Net income		(93.4)	(81.9)	(171.9)	(228.7)
Amounts reclassified from AOCI		(0.9)	0.5	(2)	1.5
Gains (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income before income taxes		(1.4)	1	(3.3)	2.6
Income taxes		0.3	(0.4)	0.8	(0.9)
Net income		(1.1)	0.6	(2.5)	1.7
Gains (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income | Foreign currency contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales reclassification adjustment		(1.2)	(0.4)	(2.2)	(0.6)
Gains (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income | Interest rate swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense reclassification adjustment		0.1	0.6	0.4	1.2
Gains (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income | Commodity contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales reclassification adjustment		(0.3)	0.8	(1.5)	2
Actuarial losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, before tax	[1]	0.8	0.4	1.5	0.8
Prior service credits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, before tax	[1]	(0.5)	(0.5)	(0.9)	(1)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, before tax		0.3	(0.1)	0.6	(0.2)
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, tax		(0.1)	0	(0.1)	0
Amounts reclassified from AOCI		$ 0.2	$ (0.1)	$ 0.5	$ (0.2)
[1]	These items are included in the computation of net periodic pension benefit.

Income taxes - Reconciliation o

Income taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016
Income Tax Disclosure [Abstract]
Forecasted annual effective tax rate	23.00%	25.80%
Discrete items recognized	0.50%	0.00%
Effective tax rate recognized in income statement	23.50%	25.80%

Accounts receivable, net - Port

Accounts receivable, net - Portfolio of Accounts Receivable (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 664.5	$ 1,858	$ 1,650.6
Accounts receivable, held for sale	1,055.6	0	0
Consumer Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	622.6		1,615.6
Other Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	7.9	11.3	10
Sterling Jewelers | Consumer Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	622.6	1,813.3	1,615.6
Zale Jewelry | Consumer Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 34	$ 33.4	$ 25

Accounts receivable, net - Addi

Accounts receivable, net - Additional Information (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 664.5	$ 1,858	$ 1,650.6
Other Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	7.9	11.3	10
United Kingdom | Other Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 6.9	$ 11	$ 7.6

Accounts receivable, net - Allo

Accounts receivable, net - Allowance for Credit Losses (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ (138.7)
Balance before reversal	(135)	$ (129.4)
Reversal of allowance on receivables held for sale	(20.7)	0
Ending receivable balance evaluated for impairment	1,792.5	1,745	$ 1,952
Sterling Jewelers customer in-house finance receivables, net	664.5	1,650.6	$ 1,858
Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	(138.7)	(130)
Charge-offs, net	103.9	89.5
Recoveries	17.8	18.3
Provision	(118)	(107.2)
Balance before reversal	(135)	(129.4)
Reversal of allowance on receivables held for sale	20.7	0
Ending balance	114.3	129.4
Ending receivable balance evaluated for impairment	736.9	1,745
Sterling Jewelers customer in-house finance receivables, net	$ 622.6	$ 1,615.6

Accounts receivable, net - Cred

Accounts receivable, net - Credit Quality Indicator and Age Analysis (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 1,792.5	$ 1,952	$ 1,745
Valuation allowance	$ (135)	$ (138.7)	$ (129.4)
Gross	100.00%	100.00%	100.00%
Valuation allowance	7.50%	7.10%	7.40%
Gross	$ 1,055.6	$ 0	$ 0
Valuation allowance	(20.7)	0	0
Gross	736.9	1,952	1,745
Valuation allowance	(114.3)	(138.7)	(129.4)
Current, aged 0 – 30 days | Performing Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	1,394.2	1,538.2	1,350.7
Valuation allowance	$ (42.8)	$ (47.2)	$ (41.3)
Gross	77.80%	78.80%	77.40%
Valuation allowance	3.10%	3.10%	3.10%
Past due, aged 31 – 60 days | Performing Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 264.6	$ 282	$ 264.1
Valuation allowance	$ (8.6)	$ (9)	$ (8.6)
Gross	14.80%	14.50%	15.10%
Valuation allowance	3.30%	3.20%	3.30%
Past due, aged 61 – 90 days | Performing Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 52.5	$ 51.6	$ 53.2
Valuation allowance	$ (2.4)	$ (2.3)	$ (2.5)
Gross	2.90%	2.60%	3.10%
Valuation allowance	4.60%	4.50%	4.70%
Past due, aged more than 90 days | Nonperforming Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 81.2	$ 80.2	$ 77
Valuation allowance	$ (81.2)	$ (80.2)	$ (77)
Gross	4.50%	4.10%	4.40%
Valuation allowance	100.00%	100.00%	100.00%

Inventories - Summary of Invent

Inventories - Summary of Inventory Components (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 56.1	$ 60.8	$ 75.4
Finished goods	2,226	2,388.5	2,342.9
Total inventories	$ 2,282.1	$ 2,449.3	$ 2,418.3

Goodwill and intangibles - Summ

Goodwill and intangibles - Summary of Goodwill (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jul. 29, 2017	Jan. 28, 2017
Goodwill [Roll Forward]
Beginning Balance	$ 517.6	$ 515.5
Impact of foreign exchange	2.3	2.1
Ending Balance	519.9	517.6
Sterling Jewelers
Goodwill [Roll Forward]
Beginning Balance	23.2	23.2
Impact of foreign exchange	0	0
Ending Balance	23.2	23.2
Zale Jewelry
Goodwill [Roll Forward]
Beginning Balance	490.8	488.7
Impact of foreign exchange	2.3	2.1
Ending Balance	493.1	490.8
Piercing Pagoda
Goodwill [Roll Forward]
Beginning Balance	0	0
Impact of foreign exchange	0	0
Ending Balance	0	0
UK Jewelry
Goodwill [Roll Forward]
Beginning Balance	0	0
Impact of foreign exchange	0	0
Ending Balance	0	0
Other
Goodwill [Roll Forward]
Beginning Balance	3.6	3.6
Impact of foreign exchange	0	0
Ending Balance	$ 3.6	$ 3.6

Goodwill and intangibles - Comp

Goodwill and intangibles - Composition of Finite-Lived Intangibles (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Definite-lived intangible assets:
Gross carrying amount	$ 49.8	$ 49	$ 49.2
Accumulated amortization	(43.6)	(36.8)	(30)
Net carrying amount	6.2	12.2	19.2
Intangible assets, gross	457.5	453.8	454.7
Total intangible assets, net	413.9	417	424.7
Definite-lived intangible liabilities:
Gross carrying amount	(114.5)	(113.9)	(114)
Accumulated amortization	80.5	71.7	62
Total	(34)	(42.2)	(52)
Unfavorable leases
Definite-lived intangible liabilities:
Gross carrying amount	(48.9)	(48.3)	(48.4)
Accumulated amortization	44.3	38.2	31.2
Total	(4.6)	(10.1)	(17.2)
Unfavorable contracts
Definite-lived intangible liabilities:
Gross carrying amount	(65.6)	(65.6)	(65.6)
Accumulated amortization	36.2	33.5	30.8
Total	(29.4)	(32.1)	(34.8)
Trade names
Definite-lived intangible assets:
Gross carrying amount	1.5	1.4	1.4
Accumulated amortization	(0.9)	(0.8)	(0.6)
Net carrying amount	0.6	0.6	0.8
Favorable leases
Definite-lived intangible assets:
Gross carrying amount	48.3	47.6	47.8
Accumulated amortization	(42.7)	(36)	(29.4)
Net carrying amount	5.6	11.6	18.4
Trade names
Definite-lived intangible assets:
Indefinite-lived trade names	$ 407.7	$ 404.8	$ 405.5

Other assets - Components of Ot

Other assets - Components of Other Assets (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred ESP selling costs	$ 87.2	$ 86.1	$ 82.6
Investments (available-for-sale)	28.5	27.2	27
Other assets	49.4	51.8	48.4
Total other assets	165.1	165.1	158
Deferred costs related to the sale of the extended service plan	$ 29.7	$ 29.4	$ 27.7

Derivatives - Additional Inform

Derivatives - Additional Information (Details) oz in Thousands	3 Months Ended
	Jul. 29, 2017USD ($)oz	Jan. 28, 2017USD ($)oz	Jul. 30, 2016USD ($)oz	Mar. 31, 2015USD ($)
Interest rate swaps
Derivative [Line Items]
Derivative, notional amount				$ 300,000,000
Foreign currency contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	$ 40,700,000	$ 117,800,000	$ 19,500,000
Cash Flow Hedging
Derivative [Line Items]
Cash flow hedge gain to be reclassified within twelve months	1,700,000
Cash Flow Hedging | Foreign currency contracts
Derivative [Line Items]
Derivative, notional amount	$ 35,300,000	$ 37,800,000	$ 39,200,000
Derivative, remaining maturity	12 months	12 months	12 months
Cash Flow Hedging | Commodity contracts
Derivative [Line Items]
Derivative, remaining maturity	12 months	12 months	6 months
Derivative, notional amount in gold | oz	47	94	27

Derivatives - Fair Value of Pre

Derivatives - Fair Value of Presentation of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Derivatives, Fair Value [Line Items]
Fair Value of derivative assets	$ 2.6	$ 3.6	$ 6.8
Fair value of derivative liabilities	(1.1)	(3.6)	(3.9)
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of derivative assets	2.2	1.8	6.6
Fair value of derivative liabilities	(1)	(3.6)	(3.9)
Foreign currency contracts | Designated as Hedging Instrument | Other current assets
Derivatives, Fair Value [Line Items]
Fair Value of derivative assets	0.1	1.4	2.6
Foreign currency contracts | Designated as Hedging Instrument | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	(1)	(0.2)	(0.1)
Foreign currency contracts | Not Designated as Hedging Instrument | Other assets
Derivatives, Fair Value [Line Items]
Fair Value of derivative assets	0.4	1.8	0.2
Foreign currency contracts | Not Designated as Hedging Instrument | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	(0.1)	0	0
Commodity contracts | Designated as Hedging Instrument | Other current assets
Derivatives, Fair Value [Line Items]
Fair Value of derivative assets	1.4	0	4
Commodity contracts | Designated as Hedging Instrument | Other assets
Derivatives, Fair Value [Line Items]
Fair Value of derivative assets	0.7	0.4	0
Commodity contracts | Designated as Hedging Instrument | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	0	(3.4)	0
Interest rate swaps | Designated as Hedging Instrument | Other liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	$ 0	$ 0	$ (3.8)

Derivatives - Derivative Instru

Derivatives - Derivative Instruments Designated as Cash Flow Hedges in OCI (Details) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period			$ 2.4
Gains (losses) recorded in AOCI, end of period	$ 2.3	$ 6.2	2.3	$ 6.2
Foreign currency contracts
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period	2.1	0.6	4.1	1.4
Current period (losses) gains recognized in OCI	(0.3)	3.6	(1.3)	3
Gains (losses) recorded in AOCI, end of period	0.6	3.8	0.6	3.8
Commodity contracts
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period	2.1	4.4	(2.1)	(3.7)
Current period (losses) gains recognized in OCI	(0.8)	1	4.6	7.9
Gains (losses) recorded in AOCI, end of period	1	6.2	1	6.2
Interest Rate Contract
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period	0.8	(3.2)	0.4	(3.4)
Current period (losses) gains recognized in OCI	(0.2)	(1.2)	(0.1)	(1.6)
Gains (losses) recorded in AOCI, end of period	0.7	(3.8)	0.7	(3.8)
Interest rate swaps
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period			0.4
Gains (losses) recorded in AOCI, end of period	0.7	(3.8)	0.7	(3.8)
Cost of Sales | Foreign currency contracts
Movement in Accumulated Other Comprehensive Income [Roll Forward]
(Gains) losses reclassified from AOCI to net income	(1.2)	(0.4)	(2.2)	(0.6)
Cost of Sales | Commodity contracts
Movement in Accumulated Other Comprehensive Income [Roll Forward]
(Gains) losses reclassified from AOCI to net income	(0.3)	0.8	(1.5)	2
Interest expense, net | Interest Rate Contract
Movement in Accumulated Other Comprehensive Income [Roll Forward]
(Gains) losses reclassified from AOCI to net income	$ 0.1	$ 0.6	$ 0.4	$ 1.2

Derivatives - Derivatives not D

Derivatives - Derivatives not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Not Designated as Hedging Instrument | Foreign currency contracts | Other Income
Derivative [Line Items]
Foreign currency contracts not designated as hedging	$ 4.9	$ 1.9	$ 3.2	$ 1.6

Fair value measurements - Fair

Fair value measurements - Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 12	$ 11.9	$ 11.9
Liabilities	0	0	0
Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	19.1	18.9	21.9
Liabilities	(1.1)	(3.6)	(3.9)
US Treasury securities | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	7.9	8.1	8.3
US Treasury securities | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Corporate equity securities | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	4.1	3.8	3.6
Corporate equity securities | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Foreign currency contracts | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Liabilities	0	0	0
Foreign currency contracts | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.5	3.2	2.8
Liabilities	(1.1)	(0.2)	(0.1)
Commodity contracts | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Liabilities	0	0	0
Commodity contracts | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.4	0	4
Liabilities	0	(3.4)	0
Interest rate swaps | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0	0
Liabilities	0	0	0
Interest rate swaps | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.7	0.4	0
Liabilities	0	0	(3.8)
US government agency securities | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
US government agency securities | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5.3	4.4	4.3
Corporate bonds and notes | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Corporate bonds and notes | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	11.2	10.9	10.8
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	31.1	30.8	33.8
Liabilities	(1.1)	(3.6)	(3.9)
Carrying Value | US Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	7.9	8.1	8.3
Carrying Value | Corporate equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	4.1	3.8	3.6
Carrying Value | Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.5	3.2	2.8
Liabilities	(1.1)	(0.2)	(0.1)
Carrying Value | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.4	0	4
Liabilities	0	(3.4)	0
Carrying Value | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.7	0.4	0
Liabilities	0	0	(3.8)
Carrying Value | US government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5.3	4.4	4.3
Carrying Value | Corporate bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 11.2	$ 10.9	$ 10.8

Fair value measurements - Outst

Fair value measurements - Outstanding Debt (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	$ 1,330.4	$ 1,338.5	$ 1,346.5
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	1,334.3	1,339.8	1,360.9
Senior Notes | Level 2 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	394.1	393.7	393.3
Senior Notes | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	394.7	391.2	403.3
Securitization Facility | Level 2 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	599.8	599.7	599.5
Securitization Facility | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	600	600	600
Term Loan | Level 2 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	336.5	345.1	353.6
Term Loan | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	339.6	348.6	357.5
Capital Lease Obligations | Level 2 | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	0	0	0.1
Capital Lease Obligations | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	$ 0	$ 0	$ 0.1

Fair value measurements - Narra

Fair value measurements - Narrative (Details) - Level 3 - Fair Value, Measurements, Nonrecurring	6 Months Ended
	Jul. 29, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate (as a percent)	13.00%
Monthly payment rate (as a percent)	12.00%
Annual credit loss rate (as a percent)	2.00%
Annual finance charge income rate (as a percent)	15.00%

Loans, overdrafts and long-te75

Loans, overdrafts and long-term debt (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Debt Disclosure [Abstract]
Senior unsecured notes due 2024, net of unamortized discount	$ 398.9	$ 398.8	$ 398.7
Securitization facility	600	600	600
Senior unsecured term loan	339.6	348.6	357.5
Revolving credit facility	303	56	200
Bank overdrafts	11.1	14.2	22.1
Capital lease obligations	0	0	0.1
Total debt	1,652.6	1,417.6	1,578.4
Less: Current portion of loans and overdrafts	(939.4)	(91.1)	(238.6)
Less: Unamortized capitalized debt issuance fees	(7.9)	(8.6)	(9.3)
Long-term debt	$ 705.3	$ 1,317.9	$ 1,330.5

Loans, overdrafts and long-te76

Loans, overdrafts and long-term debt - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Debt Instrument [Line Items]
Amortization of financing costs			$ 1,100,000	$ 1,600,000
Loans and overdrafts	$ 939,400,000	$ 238,600,000	939,400,000	238,600,000	$ 91,100,000
Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	700,000,000		700,000,000
Capitalized fees	2,600,000		2,600,000
Accumulated amortization of noncurrent deferred finance costs	1,000,000	600,000	1,000,000	600,000	800,000
Amortization of financing costs	100,000	100,000	200,000	200,000
Letters of credit outstanding	$ 15,300,000	$ 14,800,000	$ 15,300,000	$ 14,800,000	15,300,000
Weighted average interest rate	2.40%	1.54%	2.40%	1.54%
Credit Facility | Term Loan
Debt Instrument [Line Items]
Face amount	$ 357,500,000		$ 357,500,000
Capitalized fees	6,200,000		6,200,000
Accumulated amortization of noncurrent deferred finance costs	3,100,000	$ 2,300,000	3,100,000	$ 2,300,000	2,700,000
Amortization of financing costs	$ 200,000	$ 200,000	$ 400,000	$ 500,000
Weighted average interest rate	2.25%	1.71%	2.25%	1.71%
Securitization Facility
Debt Instrument [Line Items]
Capitalized fees	$ 3,400,000		$ 3,400,000
Accumulated amortization of noncurrent deferred finance costs	$ 3,200,000	$ 2,900,000	3,200,000	$ 2,900,000	3,100,000
Amortization of financing costs		$ 200,000	$ 100,000	$ 500,000
Weighted average interest rate	2.46%	1.92%	2.46%	1.92%
Debt instrument, maturity period			2 years
Loans and overdrafts	$ 600,000,000		$ 600,000,000
Signet UK Finance plc | Senior Unsecured Notes Due in 2024
Debt Instrument [Line Items]
Face amount	400,000,000		400,000,000
Capitalized fees	7,000,000		7,000,000
Accumulated amortization of noncurrent deferred finance costs	2,200,000	$ 1,500,000	2,200,000	$ 1,500,000	$ 1,900,000
Amortization of financing costs	$ 100,000	$ 100,000	$ 300,000	$ 300,000
Stated interest rate	4.70%		4.70%

Deferred revenue (Details)

Deferred revenue (Details) - USD ($) $ in Millions	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Jul. 30, 2016	Apr. 30, 2016	Jan. 30, 2016
Deferred Revenue Arrangement [Line Items]
Voucher promotions and other	$ 18.9		$ 30.3	$ 17.9
Total deferred revenue	921.1		935.9	894.4
Current liabilities	262.3		276.9	254.5
Non-current liabilities	658.8		659	639.9
Sterling Jewelers
Deferred Revenue Arrangement [Line Items]
ESP deferred revenue	732.7	$ 736	737.4	720.3	$ 723.8	$ 715.1
Zale Jewelry
Deferred Revenue Arrangement [Line Items]
ESP deferred revenue	$ 169.5		$ 168.2	$ 156.2

Deferred revenue - Rollforward

Deferred revenue - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Sterling Jewelers
Deferred Revenue Warranty [Roll Forward]
ESP deferred revenue, beginning of period	$ 736	$ 723.8	$ 737.4	$ 715.1
Plans sold	63.5	61.6	128.8	137.6
Revenue recognized	(66.8)	(65.1)	(133.5)	(132.4)
ESP deferred revenue, end of period	732.7	720.3	732.7	720.3
Zale
Deferred Revenue Warranty [Roll Forward]
ESP deferred revenue, beginning of period	167.7	155.1	168.2	146.1
Plans sold	33.3	31.9	64.6	72.5
Revenue recognized	(31.5)	(30.8)	(63.3)	(62.4)
ESP deferred revenue, end of period	$ 169.5	$ 156.2	$ 169.5	$ 156.2

Warranty reserve - Rollforward

Warranty reserve - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 39.2	$ 41.3	$ 40	$ 41.9
Warranty expense	2.5	2.8	4.8	5.7
Utilized	(2.4)	(3.7)	(5.5)	(7.2)
Balance at end of period	$ 39.3	$ 40.4	$ 39.3	$ 40.4

Warranty reserve (Details)

Warranty reserve (Details) - USD ($) $ in Millions	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Jul. 30, 2016	Apr. 30, 2016	Jan. 30, 2016
Product Warranty Liability [Line Items]
Product warranty accrual	$ 39.3	$ 39.2	$ 40	$ 40.4	$ 41.3	$ 41.9
Current liabilities
Product Warranty Liability [Line Items]
Current liabilities	12.2		13	12.5
Non-current liabilities
Product Warranty Liability [Line Items]
Non-current liabilities	$ 27.1		$ 27	$ 27.9

Share-based compensation - Addi

Share-based compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense	$ 4	$ 5	$ 6.7	$ 8.8

Commitments and contingencies -

Commitments and contingencies - Additional information (Details)	Jan. 04, 2017employee	Aug. 31, 2016lawsuit	Apr. 23, 2013lawsuit
Zale Corporation
Loss Contingencies [Line Items]
Pending claims			3
EPA Collective Action
Loss Contingencies [Line Items]
Number of employees opted in lawsuit | employee	10,314
S.D.N.Y. Cases
Loss Contingencies [Line Items]
New claims filed, number		2

Subsequent events - Narrative (

Subsequent events - Narrative (Details) $ in Millions	Aug. 23, 2017USD ($)
R2Net Inc. | Subsequent Event
Subsequent Event [Line Items]
Base-line purchase price	$ 328

Condensed consolidating finan84

Condensed consolidating financial information - Narrative (Details)	Jul. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Parent's ownership in guarantor subsidiary (percent)	100.00%

Condensed consolidating finan85

Condensed consolidating financial information - Condensed consolidated income statement (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Condensed Income Statements, Captions [Line Items]
Sales	$ 1,399.6	$ 1,373.4	$ 2,803	$ 2,952.3
Cost of sales	(941.7)	(908.5)	(1,853.9)	(1,887)
Gross margin	457.9	464.9	949.1	1,065.3
Selling, general and administrative expenses	(409)	(415.7)	(861.8)	(878.4)
Credit transaction, net	14.8	0	14.8	0
Other operating income, net	71.9	70.7	148.8	145
Operating income	135.6	119.9	250.9	331.9
Intra-entity interest income (expense)	0	0	0	0
Interest expense, net	(13.5)	(11.9)	(26.1)	(23.7)
Income before income taxes	122.1	108	224.8	308.2
Income taxes	(28.7)	(26.1)	(52.9)	(79.5)
Equity in income of subsidiaries	0	0	0	0
Net income	93.4	81.9	171.9	228.7
Dividends on redeemable convertible preferred shares	(8.2)	0	(16.4)	0
Net income attributable to common shareholders	85.2	81.9	155.5	228.7
Consolidation, Eliminations
Condensed Income Statements, Captions [Line Items]
Sales	0	0	0	0
Cost of sales	0	0	0	0
Gross margin	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Credit transaction, net	0		0
Other operating income, net	0	0	0	0
Operating income	0	0	0	0
Intra-entity interest income (expense)	0	0	0	0
Interest expense, net	0	0	0	0
Income before income taxes	0	0	0	0
Income taxes	0	0	0	0
Equity in income of subsidiaries	(149.4)	(130.3)	(259.1)	(446.7)
Net income	(149.4)	(130.3)	(259.1)	(446.7)
Dividends on redeemable convertible preferred shares	0		0	0
Net income attributable to common shareholders	(149.4)	(130.3)	(259.1)	(446.7)
Signet Jewelers Limited | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Sales	0	0	0	0
Cost of sales	0	0	0	0
Gross margin	0	0	0	0
Selling, general and administrative expenses	(0.2)	(0.5)	(0.4)	(0.6)
Credit transaction, net	0		0
Other operating income, net	0	0	0	0
Operating income	(0.2)	(0.5)	(0.4)	(0.6)
Intra-entity interest income (expense)	0	0	0	0
Interest expense, net	0	0	0	0
Income before income taxes	(0.2)	(0.5)	(0.4)	(0.6)
Income taxes	0	0	0	0
Equity in income of subsidiaries	93.6	82.4	172.3	229.3
Net income	93.4	81.9	171.9	228.7
Dividends on redeemable convertible preferred shares	(8.2)		(16.4)	0
Net income attributable to common shareholders	85.2	81.9	155.5	228.7
Signet UK Finance plc | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Sales	0	0	0	0
Cost of sales	0	0	0	0
Gross margin	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Credit transaction, net	0		0
Other operating income, net	0	0	0	0
Operating income	0	0	0	0
Intra-entity interest income (expense)	4.7	4.7	9.4	9.4
Interest expense, net	(5)	(4.9)	(9.9)	(9.8)
Income before income taxes	(0.3)	(0.2)	(0.5)	(0.4)
Income taxes	0.1	0.1	0.1	0.1
Equity in income of subsidiaries	0	0	0	0
Net income	(0.2)	(0.1)	(0.4)	(0.3)
Dividends on redeemable convertible preferred shares	0		0	0
Net income attributable to common shareholders	(0.2)	(0.1)	(0.4)	(0.3)
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Sales	1,322.3	1,314.9	2,647.5	2,833.2
Cost of sales	(927.8)	(897.2)	(1,823.2)	(1,866.3)
Gross margin	394.5	417.7	824.3	966.9
Selling, general and administrative expenses	(377)	(390.3)	(798.5)	(828.9)
Credit transaction, net	14.8		14.8
Other operating income, net	71.7	80.4	148.9	152
Operating income	104	107.8	189.5	290
Intra-entity interest income (expense)	(46.4)	(47.5)	(91.8)	(94.4)
Interest expense, net	(4.7)	(3.9)	(8.8)	(7.6)
Income before income taxes	52.9	56.4	88.9	188
Income taxes	(21.3)	(22.4)	(36.7)	(76.6)
Equity in income of subsidiaries	21.6	15.5	30.3	100.7
Net income	53.2	49.5	82.5	212.1
Dividends on redeemable convertible preferred shares	0		0	0
Net income attributable to common shareholders	53.2	49.5	82.5	212.1
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Sales	77.3	58.5	155.5	119.1
Cost of sales	(13.9)	(11.3)	(30.7)	(20.7)
Gross margin	63.4	47.2	124.8	98.4
Selling, general and administrative expenses	(31.8)	(24.9)	(62.9)	(48.9)
Credit transaction, net	0		0
Other operating income, net	0.2	(9.7)	(0.1)	(7)
Operating income	31.8	12.6	61.8	42.5
Intra-entity interest income (expense)	41.7	42.8	82.4	85
Interest expense, net	(3.8)	(3.1)	(7.4)	(6.3)
Income before income taxes	69.7	52.3	136.8	121.2
Income taxes	(7.5)	(3.8)	(16.3)	(3)
Equity in income of subsidiaries	34.2	32.4	56.5	116.7
Net income	96.4	80.9	177	234.9
Dividends on redeemable convertible preferred shares	0		0	0
Net income attributable to common shareholders	$ 96.4	$ 80.9	$ 177	$ 234.9

Condensed consolidating finan86

Condensed consolidating financial information - Condensed consolidated statement of comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Condensed Statement of Comprehensive Income [Line Items]
Net income	$ 93.4	$ 81.9	$ 171.9	$ 228.7
Other comprehensive income (loss):
Foreign currency translation adjustments	24.6	(39.9)	25.1	(9.1)
Available-for-sale securities:
Unrealized loss	0.3	0.2	0.5	0.4
Cash flow hedges:
Unrealized (loss) gain	(0.9)	2.7	1.8	6.3
Reclassification adjustment for losses to net income	(1.1)	0.6	(2.5)	1.7
Pension plan:
Reclassification adjustment to net income for amortization of actuarial loss	0.6	0.3	1.2	0.6
Reclassification adjustment to net income for amortization of prior service credits	(0.4)	(0.4)	(0.7)	(0.8)
Total other comprehensive income (loss)	23.1	(36.5)	25.4	(0.9)
Total comprehensive income	116.5	45.4	197.3	227.8
Consolidation, Eliminations
Condensed Statement of Comprehensive Income [Line Items]
Net income	(149.4)	(130.3)	(259.1)	(446.7)
Other comprehensive income (loss):
Foreign currency translation adjustments	(24.6)	39.9	(25.1)	9.1
Available-for-sale securities:
Unrealized loss	(0.3)	(0.2)	(0.5)	(0.4)
Cash flow hedges:
Unrealized (loss) gain	0.9	(2.7)	(1.8)	(6.3)
Reclassification adjustment for losses to net income	1.1	(0.6)	2.5	(1.7)
Pension plan:
Reclassification adjustment to net income for amortization of actuarial loss	(0.6)	(0.3)	(1.2)	(0.6)
Reclassification adjustment to net income for amortization of prior service credits	0.4	0.4	0.7	0.8
Total other comprehensive income (loss)	(23.1)	36.5	(25.4)	0.9
Total comprehensive income	(172.5)	(93.8)	(284.5)	(445.8)
Signet Jewelers Limited | Reportable Legal Entities
Condensed Statement of Comprehensive Income [Line Items]
Net income	93.4	81.9	171.9	228.7
Other comprehensive income (loss):
Foreign currency translation adjustments	24.6	(39.9)	25.1	(9.1)
Available-for-sale securities:
Unrealized loss	0.3	0.2	0.5	0.4
Cash flow hedges:
Unrealized (loss) gain	(0.9)	2.7	1.8	6.3
Reclassification adjustment for losses to net income	(1.1)	0.6	(2.5)	1.7
Pension plan:
Reclassification adjustment to net income for amortization of actuarial loss	0.6	0.3	1.2	0.6
Reclassification adjustment to net income for amortization of prior service credits	(0.4)	(0.4)	(0.7)	(0.8)
Total other comprehensive income (loss)	23.1	(36.5)	25.4	(0.9)
Total comprehensive income	116.5	45.4	197.3	227.8
Signet UK Finance plc | Reportable Legal Entities
Condensed Statement of Comprehensive Income [Line Items]
Net income	(0.2)	(0.1)	(0.4)	(0.3)
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0	0
Available-for-sale securities:
Unrealized loss	0	0	0	0
Cash flow hedges:
Unrealized (loss) gain	0	0	0	0
Reclassification adjustment for losses to net income	0	0	0	0
Pension plan:
Reclassification adjustment to net income for amortization of actuarial loss	0	0	0	0
Reclassification adjustment to net income for amortization of prior service credits	0	0	0	0
Total other comprehensive income (loss)	0	0	0	0
Total comprehensive income	(0.2)	(0.1)	(0.4)	(0.3)
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Comprehensive Income [Line Items]
Net income	53.2	49.5	82.5	212.1
Other comprehensive income (loss):
Foreign currency translation adjustments	24.6	(44.9)	25.1	(12.7)
Available-for-sale securities:
Unrealized loss	0	0	0	0
Cash flow hedges:
Unrealized (loss) gain	(0.9)	2.7	1.8	6.3
Reclassification adjustment for losses to net income	(1.1)	0.6	(2.5)	1.7
Pension plan:
Reclassification adjustment to net income for amortization of actuarial loss	0.6	0.3	1.2	0.6
Reclassification adjustment to net income for amortization of prior service credits	(0.4)	(0.4)	(0.7)	(0.8)
Total other comprehensive income (loss)	22.8	(41.7)	24.9	(4.9)
Total comprehensive income	76	7.8	107.4	207.2
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Comprehensive Income [Line Items]
Net income	96.4	80.9	177	234.9
Other comprehensive income (loss):
Foreign currency translation adjustments		5		3.6
Available-for-sale securities:
Unrealized loss	0.3	0.2	0.5	0.4
Cash flow hedges:
Unrealized (loss) gain	0	0	0	0
Reclassification adjustment for losses to net income	0	0	0	0
Pension plan:
Reclassification adjustment to net income for amortization of actuarial loss	0	0	0	0
Reclassification adjustment to net income for amortization of prior service credits	0	0	0	0
Total other comprehensive income (loss)	0.3	5.2	0.5	4
Total comprehensive income	$ 96.7	$ 86.1	$ 177.5	$ 238.9

Condensed consolidating finan87

Condensed consolidating financial information - Condensed consolidated balance sheet (Details) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016	Jan. 30, 2016
Current assets:
Cash and cash equivalents	$ 119.1	$ 98.7	$ 118.7	$ 137.7
Accounts receivable, held for sale	1,055.6	0	0
Accounts receivable, net	664.5	1,858	1,650.6
Intra-entity receivables, net	0	0	0
Other receivables	91.2	95.9	66.9
Other current assets	128.5	136.3	152
Income taxes	1.8	4.4	1.4
Inventories	2,282.1	2,449.3	2,418.3
Total current assets	4,342.8	4,642.6	4,407.9
Non-current assets:
Property, plant and equipment, net	836.6	822.9	739.5
Goodwill	519.9	517.6	518.1	515.5
Intangible assets, net	413.9	417	424.7
Investment in subsidiaries	0		0
Intra-entity receivables, net	0		0
Other assets	165.1	165.1	158
Deferred tax assets	0	0.7	0
Retirement benefit asset	35.5	31.9	49.8
Total assets	6,313.8	6,597.8	6,298
Current liabilities:
Loans and overdrafts	939.4	91.1	238.6
Accounts payable	148.2	255.7	195.1
Intra-entity payables, net		0	0
Accrued expenses and other current liabilities	426.6	478.2	417.6
Deferred revenue	262.3	276.9	254.5
Income taxes	33.5	101.8	38.3
Total current liabilities	1,810	1,203.7	1,144.1
Non-current liabilities:
Long-term debt	705.3	1,317.9	1,330.5
Other liabilities	247.1	213.7	223.8
Deferred revenue	658.8	659	639.9
Deferred tax liabilities	103.3	101.4	79.8
Total liabilities	3,524.5	3,495.7	3,418.1
Shareholders’ equity:
Total shareholders’ equity	2,176.6	2,490.2	2,879.9
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	6,313.8	6,597.8	6,298
Consolidation, Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, held for sale	0
Accounts receivable, net	0	0	0
Intra-entity receivables, net	(278.6)	(157.8)	(295)
Other receivables	0	0	0
Other current assets	0	0	0
Income taxes	0	0	0
Inventories	0	0	0
Total current assets	(278.6)	(157.8)	(295)
Non-current assets:
Property, plant and equipment, net	0		0
Goodwill	0		0
Intangible assets, net	0	0	0
Investment in subsidiaries	(3,626.7)	(4,430.1)	(4,036.3)
Intra-entity receivables, net	(3,840)	(4,050)	(4,060)
Other assets	0		0
Deferred tax assets	0		0
Retirement benefit asset	0		0
Total assets	(7,745.3)	(8,637.9)	(8,391.3)
Current liabilities:
Loans and overdrafts	0	0	0
Accounts payable	0	0	0
Intra-entity payables, net	(278.6)	(157.8)	(295)
Accrued expenses and other current liabilities	0	0	0
Deferred revenue	0	0	0
Income taxes	0	0	0
Total current liabilities	(278.6)	(157.8)	(295)
Non-current liabilities:
Long-term debt			0
Intra-entity payables, net	(3,840)	(4,050)	(4,060)
Other liabilities			0
Deferred revenue			0
Deferred tax liabilities		0	0
Total liabilities	(4,118.6)	(4,207.8)	(4,355)
Shareholders’ equity:
Total shareholders’ equity	(3,626.7)	(4,430.1)	(4,036.3)
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	(7,745.3)	(8,637.9)	(8,391.3)
Signet Jewelers Limited | Reportable Legal Entities
Current assets:
Cash and cash equivalents	0.7	1.7	0.2	1.9
Accounts receivable, net	0	0	0
Intra-entity receivables, net	113.1	12.7	74
Other receivables	0	0	0
Other current assets		0	0.1
Income taxes	0	0	0
Inventories	0	0	0
Total current assets	113.8	14.4	74.3
Non-current assets:
Property, plant and equipment, net	0		0
Goodwill	0		0
Intangible assets, net	0	0	0
Investment in subsidiaries	2,703.1	3,117.6	2,835.5
Intra-entity receivables, net	0		0
Other assets	0		0
Deferred tax assets	0		0
Retirement benefit asset	0		0
Total assets	2,816.9	3,132	2,909.8
Current liabilities:
Loans and overdrafts	0	0	0
Accounts payable	0	0	0
Intra-entity payables, net	0	0	0
Accrued expenses and other current liabilities	27.6	29.9	29.9
Deferred revenue	0	0	0
Income taxes	0	0	0
Total current liabilities	27.6	29.9	29.9
Non-current liabilities:
Long-term debt			0
Other liabilities			0
Deferred revenue			0
Deferred tax liabilities		0	0
Total liabilities	27.6	29.9	29.9
Shareholders’ equity:
Total shareholders’ equity	2,176.6	2,490.2	2,879.9
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	2,816.9	3,132	2,909.8
Signet UK Finance plc | Reportable Legal Entities
Current assets:
Cash and cash equivalents	0.1	0.1	0.1	0.1
Accounts receivable, net	0	0	0
Intra-entity receivables, net	3.1	0	0
Other receivables	0	0	0
Other current assets		0	0
Income taxes	0	0	0
Inventories	0	0	0
Total current assets	3.2	0.1	0.1
Non-current assets:
Property, plant and equipment, net	0	0	0
Goodwill	0	0	0
Intangible assets, net	0	0	0
Investment in subsidiaries	0	0	0
Intra-entity receivables, net	400	402.9	402.8
Other assets		0	0
Deferred tax assets	0	0	0
Retirement benefit asset	0	0	0
Total assets	403.2	403	402.9
Current liabilities:
Loans and overdrafts	(0.7)	(0.7)	(0.7)
Accounts payable	0	0	0
Intra-entity payables, net	0	0	0
Accrued expenses and other current liabilities	2.4	2.5	2.4
Deferred revenue	0	0	0
Income taxes	(0.1)	(0.2)	(0.1)
Total current liabilities	1.6	1.6	1.6
Non-current liabilities:
Long-term debt	394.8	394.3	393.9
Intra-entity payables, net		0	0
Other liabilities		0	0
Deferred revenue		0	0
Deferred tax liabilities		0	0
Total liabilities	396.4	395.9	395.5
Shareholders’ equity:
Total shareholders’ equity	6.8	7.1	7.4
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	403.2	403	402.9
Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	90.2	70.3	83.8	102
Accounts receivable, held for sale	1,055.6
Accounts receivable, net	664.5	1,858	1,648.5
Intra-entity receivables, net	0	145.1	0
Other receivables	63.3	71.1	46.3
Other current assets	123.5	131.4	146.7
Income taxes	1.8	4.4	1.4
Inventories	2,214.7	2,371.8	2,342.5
Total current assets	4,213.6	4,652.1	4,269.2
Non-current assets:
Property, plant and equipment, net	832.6	818.5	734.6
Goodwill	516.3	514	514.5
Intangible assets, net	413.9	417	424.7
Investment in subsidiaries	532.8	721.6	675.2
Intra-entity receivables, net	0		0
Other assets	133.6	134.8	127.4
Deferred tax assets		0.6	0
Retirement benefit asset	35.5	31.9	49.8
Total assets	6,678.3	7,290.5	6,795.4
Current liabilities:
Loans and overdrafts	340.1	91.8	239.3
Accounts payable	142.7	248.2	192.5
Intra-entity payables, net	278.6		295
Accrued expenses and other current liabilities	375.9	429.2	371.5
Deferred revenue	262.3	275.5	254.5
Income taxes	30.1	115.5	38.4
Total current liabilities	1,429.7	1,160.2	1,391.2
Non-current liabilities:
Long-term debt	310.5	323.6	336.6
Intra-entity payables, net	3,840	4,050	4,060
Other liabilities	241.4	208.7	217.3
Deferred revenue	658.8	659	639.9
Deferred tax liabilities	103.3	101.4	80
Total liabilities	6,583.7	6,502.9	6,725
Shareholders’ equity:
Total shareholders’ equity	94.6	787.6	70.4
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	6,678.3	7,290.5	6,795.4
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	28.1	26.6	34.6	$ 33.7
Accounts receivable, net			2.1
Intra-entity receivables, net	162.4		221
Other receivables	27.9	24.8	20.6
Other current assets	5	4.9	5.2
Income taxes	0		0
Inventories	67.4	77.5	75.8
Total current assets	290.8	133.8	359.3
Non-current assets:
Property, plant and equipment, net	4	4.4	4.9
Goodwill	3.6	3.6	3.6
Intangible assets, net	0	0	0
Investment in subsidiaries	390.8	590.9	525.6
Intra-entity receivables, net	3,440	3,647.1	3,657.2
Other assets	31.5	30.3	30.6
Deferred tax assets		0.1	0
Retirement benefit asset	0		0
Total assets	4,160.7	4,410.2	4,581.2
Current liabilities:
Loans and overdrafts	600	0	0
Accounts payable	5.5	7.5	2.6
Intra-entity payables, net	0	157.8	0
Accrued expenses and other current liabilities	20.7	16.6	13.8
Deferred revenue	0	1.4	0
Income taxes	3.5	(13.5)	0
Total current liabilities	629.7	169.8	16.4
Non-current liabilities:
Long-term debt		600	600
Other liabilities	5.7	5	6.5
Deferred revenue			0
Deferred tax liabilities		0	(0.2)
Total liabilities	635.4	774.8	622.7
Shareholders’ equity:
Total shareholders’ equity	3,525.3	3,635.4	3,958.5
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	4,160.7	4,410.2	4,581.2
Series A Redeemable Convertible Preferred Stock
Non-current liabilities:
Series A redeemable convertible preferred shares	612.7	611.9	0
Series A Redeemable Convertible Preferred Stock | Consolidation, Eliminations
Non-current liabilities:
Series A redeemable convertible preferred shares	0	0	0
Series A Redeemable Convertible Preferred Stock | Signet Jewelers Limited | Reportable Legal Entities
Non-current liabilities:
Series A redeemable convertible preferred shares	612.7	611.9	0
Series A Redeemable Convertible Preferred Stock | Signet UK Finance plc | Reportable Legal Entities
Non-current liabilities:
Series A redeemable convertible preferred shares	0	0	0
Series A Redeemable Convertible Preferred Stock | Guarantor Subsidiaries | Reportable Legal Entities
Non-current liabilities:
Series A redeemable convertible preferred shares	0	0	0
Series A Redeemable Convertible Preferred Stock | Non-Guarantor Subsidiaries | Reportable Legal Entities
Non-current liabilities:
Series A redeemable convertible preferred shares	$ 0	$ 0	$ 0

Condensed consolidating finan88

Condensed consolidating financial information - Condensed consolidated statement of cash flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016
Cash flows from operating activities
Net cash provided by (used in) operating activities	$ 409.8	$ 309.2
Investing activities
Purchase of property, plant and equipment	(105.7)	(101)
Investment in subsidiaries		0
Purchase of available-for-sale securities	(1.3)	(2.6)
Proceeds from available-for-sale securities	0.6	3.1
Net cash used in investing activities	(106.4)	(100.5)
Financing activities
Dividends paid on common shares	(39)	(37.9)
Dividends paid on redeemable convertible preferred shares	(19.1)	0
Intra-entity dividends paid	0	0
Proceeds from issuance of common shares	0.2	0.4
Excess tax benefit from exercise of share awards	0	1.3
Proceeds from long-term debt	1,242.9	1,278.9
Proceeds from revolving credit facility	550	318
Repayments of revolving credit facility	(303)	(118)
Payment of debt issuance costs	0	(2.7)
Repurchase of common shares	(460)	(375)
Net settlement of equity based awards	(3.2)	(4.8)
Capital lease payments	0	(0.1)
Proceeds from short-term borrowings	(3.1)	(2.3)
Intra-entity activity, net	0	0
Net cash used in financing activities	(286.2)	(228.6)
Cash and cash equivalents at beginning of period	98.7	137.7
Decrease in cash and cash equivalents	17.2	(19.9)
Effect of exchange rate changes on cash and cash equivalents	3.2	0.9
Cash and cash equivalents at end of period	119.1	118.7
Consolidation, Eliminations
Cash flows from operating activities
Net cash provided by (used in) operating activities	(1,118)	(941)
Investing activities
Purchase of property, plant and equipment	0	0
Investment in subsidiaries		91
Purchase of available-for-sale securities	0	0
Proceeds from available-for-sale securities	0	0
Net cash used in investing activities	0	91
Financing activities
Dividends paid on common shares	0	0
Dividends paid on redeemable convertible preferred shares	0	0
Intra-entity dividends paid	1,118	941
Proceeds from issuance of common shares	0	(91)
Excess tax benefit from exercise of share awards		0
Proceeds from long-term debt	0	0
Proceeds from revolving credit facility	0	0
Repayments of revolving credit facility	0	0
Payment of debt issuance costs		0
Repurchase of common shares	0	0
Net settlement of equity based awards	0	0
Capital lease payments		0
Proceeds from short-term borrowings	0
Intra-entity activity, net	0	0
Net cash used in financing activities	1,118	850
Cash and cash equivalents at beginning of period	0	0
Decrease in cash and cash equivalents	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and cash equivalents at end of period	0	0
Signet Jewelers Limited | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by (used in) operating activities	617.7	549.7
Investing activities
Purchase of property, plant and equipment	0	0
Investment in subsidiaries		(91)
Purchase of available-for-sale securities	0	0
Proceeds from available-for-sale securities	0	0
Net cash used in investing activities	0	(91)
Financing activities
Dividends paid on common shares	(39)	(37.9)
Dividends paid on redeemable convertible preferred shares	(19.1)
Intra-entity dividends paid	0	0
Proceeds from issuance of common shares	0.2	0.4
Excess tax benefit from exercise of share awards		0
Proceeds from long-term debt	0	0
Proceeds from revolving credit facility	0	0
Repayments of revolving credit facility	0
Payment of debt issuance costs		0
Repurchase of common shares	(460)	(375)
Net settlement of equity based awards	(3.2)	(4.8)
Capital lease payments		0
Proceeds from short-term borrowings	0
Intra-entity activity, net	(97.6)	(43.1)
Net cash used in financing activities	(618.7)	(460.4)
Cash and cash equivalents at beginning of period	1.7	1.9
Decrease in cash and cash equivalents	(1)	(1.7)
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and cash equivalents at end of period	0.7	0.2
Signet UK Finance plc | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by (used in) operating activities	0.1	0.2
Investing activities
Purchase of property, plant and equipment	0	0
Investment in subsidiaries		0
Purchase of available-for-sale securities	0	0
Proceeds from available-for-sale securities	0	0
Net cash used in investing activities	0	0
Financing activities
Dividends paid on common shares	0	0
Dividends paid on redeemable convertible preferred shares	0	0
Intra-entity dividends paid	0	0
Proceeds from issuance of common shares	0	0
Excess tax benefit from exercise of share awards		0
Proceeds from long-term debt	0	0
Proceeds from revolving credit facility	0	0
Repayments of revolving credit facility	0	0
Payment of debt issuance costs		0
Repurchase of common shares	0	0
Net settlement of equity based awards	0	0
Capital lease payments		0
Proceeds from short-term borrowings	0	0
Intra-entity activity, net	(0.1)	(0.2)
Net cash used in financing activities	(0.1)	(0.2)
Cash and cash equivalents at beginning of period	0.1	0.1
Decrease in cash and cash equivalents	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and cash equivalents at end of period	0.1	0.1
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by (used in) operating activities	479.3	383.3
Investing activities
Purchase of property, plant and equipment	(105.6)	(101)
Purchase of available-for-sale securities	0	0
Proceeds from available-for-sale securities	0	0
Net cash used in investing activities	(105.6)	(101)
Financing activities
Dividends paid on common shares	0	0
Dividends paid on redeemable convertible preferred shares	0	0
Intra-entity dividends paid	(800)	(650)
Proceeds from issuance of common shares	0	91
Excess tax benefit from exercise of share awards		1.3
Proceeds from long-term debt	0	0
Proceeds from revolving credit facility	550	318
Repayments of revolving credit facility	(303)	(118)
Payment of debt issuance costs		(2.1)
Repurchase of common shares	0	0
Net settlement of equity based awards	0	0
Capital lease payments		(0.1)
Proceeds from short-term borrowings	(3.1)	(2.3)
Intra-entity activity, net	208.1	68
Net cash used in financing activities	(357)	(301.7)
Cash and cash equivalents at beginning of period	70.3	102
Decrease in cash and cash equivalents	16.7	(19.4)
Effect of exchange rate changes on cash and cash equivalents	3.2	1.2
Cash and cash equivalents at end of period	90.2	83.8
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by (used in) operating activities	430.7	317
Investing activities
Purchase of property, plant and equipment	(0.1)
Purchase of available-for-sale securities	(1.3)	(2.6)
Proceeds from available-for-sale securities	0.6	3.1
Net cash used in investing activities	(0.8)	0.5
Financing activities
Dividends paid on common shares	0	0
Dividends paid on redeemable convertible preferred shares	0	0
Intra-entity dividends paid	(318)	(291)
Proceeds from long-term debt	1,242.9	1,278.9
Proceeds from revolving credit facility	0	0
Repayments of revolving credit facility	0	0
Payment of debt issuance costs		(0.6)
Repurchase of common shares	0	0
Net settlement of equity based awards	0	0
Capital lease payments		0
Proceeds from short-term borrowings	0
Intra-entity activity, net	(110.4)	(24.7)
Net cash used in financing activities	(428.4)	(316.3)
Cash and cash equivalents at beginning of period	26.6	33.7
Decrease in cash and cash equivalents	1.5	1.2
Effect of exchange rate changes on cash and cash equivalents		(0.3)
Cash and cash equivalents at end of period	28.1	34.6
Term Loan
Financing activities
Repayments of long-term debt	(9)	(7.5)
Term Loan | Consolidation, Eliminations
Financing activities
Repayments of long-term debt	0	0
Term Loan | Signet Jewelers Limited | Reportable Legal Entities
Financing activities
Repayments of long-term debt	0	0
Term Loan | Signet UK Finance plc | Reportable Legal Entities
Financing activities
Repayments of long-term debt	0	0
Term Loan | Guarantor Subsidiaries | Reportable Legal Entities
Financing activities
Repayments of long-term debt	(9)	(7.5)
Term Loan | Non-Guarantor Subsidiaries | Reportable Legal Entities
Financing activities
Repayments of long-term debt	0
Securitization facility
Financing activities
Repayments of long-term debt	(1,242.9)	(1,278.9)
Securitization facility | Consolidation, Eliminations
Financing activities
Repayments of long-term debt	0	0
Securitization facility | Signet Jewelers Limited | Reportable Legal Entities
Financing activities
Repayments of long-term debt	0	0
Securitization facility | Signet UK Finance plc | Reportable Legal Entities
Financing activities
Repayments of long-term debt	0	0
Securitization facility | Guarantor Subsidiaries | Reportable Legal Entities
Financing activities
Repayments of long-term debt	0	0
Securitization facility | Non-Guarantor Subsidiaries | Reportable Legal Entities
Financing activities
Repayments of long-term debt	$ (1,242.9)	$ (1,278.9)