XML 56 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Jan. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for the Company’s derivative financial instruments:

 (In millions)
Asset Derivatives (Classified in Other Current Assets and Other Assets)
 
Liability Derivatives (Classified in Accrued 
Expenses and Other Liabilities)
 
2015
 
2014
 
2015
 
2014
Contracts designated as cash flow hedges:
 
 
 
 
 
 
 
Foreign currency forward exchange contracts (inventory purchases)
$
24.9

 
$
79.8

 
$
1.7

 
$
0.2

Interest rate contracts

 
0.6

 
20.6

 
15.3

Total contracts designated as cash flow hedges
24.9

 
80.4

 
22.3

 
15.5

Undesignated contracts:
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
(principally intercompany transactions)

19.3

 
30.6

 
0.1

 
1.1

Total undesignated contracts
19.3

 
30.6

 
0.1

 
1.1

Total
$
44.2

 
$
111.0

 
$
22.4

 
$
16.6

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table summarizes the effect of the Company’s hedges designated as cash flow hedging instruments:
 
Gain (Loss)
Recognized in Other
Comprehensive (Loss) Income
 
Gain (Loss) Reclassified from
AOCI into Income (Expense)
 
 
 
 
 
 
(In millions)
 
Location
 
Amount         
 
2015
 
2014
 
 
 
2015
 
2014
Foreign currency forward exchange contracts (inventory purchases)
$
36.3

 
$
114.2

 
Cost of goods sold
 
$
92.1

 
$
10.2

Interest rate contracts
(9.4
)
 
(16.7
)
 
Interest expense
 
(3.7
)
 
(6.4
)
Total
$
26.9

 
$
97.5

 
 
 
$
88.4

 
$
3.8

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table summarizes the effect of the Company’s foreign currency forward exchange undesignated contracts:
 
Gain Recognized in Income
(In millions)
Location
 
Amount
 
 
 
2015
 
2014
Foreign currency forward exchange contracts (principally intercompany transactions)
Selling, general and administrative expenses
 
$
4.7

 
$
30.1