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Employee Benefit Plans (Tables)
 12 Months Ended
Jan. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Funded Status
The following tables provide a reconciliation of benefit obligations, plan assets and funded status of the pension and other postretirement benefit plans as of the measurement date:
 
January 31,
 
Pension Benefits
 
 
Other Postretirement Benefits
 
(in millions)
2016

2015

 
2016

2015

Change in benefit obligation:
 
 
 
 
 
Benefit obligation at beginning of year
$
841.7

$
615.9

 
$
92.9

$
54.7

Service cost
22.6

16.8

 
4.2

2.4

Interest cost
30.6

28.3

 
3.2

2.6

Participants' contributions
—

—

 
1.3

1.5

Amendments
—

0.8

 
—

—

MMA retiree drug subsidy
—

—

 
0.2

0.1

Actuarial (gain) loss
(128.8
)
202.3

 
(20.4
)
34.9

Benefits paid
(23.1
)
(20.2
)
 
(3.0
)
(3.3
)
Curtailments
(0.2
)
—

 
—

—

Translation
(0.2
)
(2.2
)
 
—

—

Benefit obligation at end of year
742.6

841.7

 
78.4

92.9

Change in plan assets:
 
 
 
 
 
Fair value of plan assets at beginning of year
406.0

397.4

 
—

—

Actual return on plan assets
(2.2
)
26.0

 
—

—

Employer contribution
5.1

2.8

 
1.5

1.7

Participants' contributions
—

—

 
1.3

1.5

MMA retiree drug subsidy
—

—

 
0.2

0.1

Benefits paid
(23.1
)
(20.2
)
 
(3.0
)
(3.3
)
Fair value of plan assets at end of year
385.8

406.0

 
—

—

Funded status at end of year
$
(356.8
)
$
(435.7
)
 
$
(78.4
)
$
(92.9
)
Schedule of Accumulated and Projected Benefit Obligations
The following tables provide additional information regarding the Company's pension plans' projected benefit obligations and assets (included in pension benefits in the table above) and accumulated benefit obligation:

January 31, 2016
 
(in millions)
Qualified

Excess/SRIP

Other

Total

Projected benefit obligation
$
620.8

$
105.5

$
16.3

$
742.6

Fair value of plan assets
385.8

—

—

385.8

Funded status
$
(235.0
)
$
(105.5
)
$
(16.3
)
$
(356.8
)
Accumulated benefit obligation
$
556.8

$
92.1

$
13.5

$
662.4


 
January 31, 2015
 
(in millions)
Qualified

Excess/SRIP

Other

Total

Projected benefit obligation
$
693.3

$
133.1

$
15.3

$
841.7

Fair value of plan assets
406.0

—

—

406.0

Funded status
$
(287.3
)
$
(133.1
)
$
(15.3
)
$
(435.7
)
Accumulated benefit obligation
$
620.6

$
97.4

$
12.6

$
730.6
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Loss
 
 
January 31,
 
(in millions)
2016

 
2015

Accumulated other comprehensive (loss) earnings, net of tax:
 
 
 
Foreign currency translation adjustments
$
(135.3
)
 
$
(76.3
)
Unrealized (loss) gain on marketable securities
(1.0
)
 
1.9

Deferred hedging loss
(26.8
)
 
(5.4
)
Net unrealized loss on benefit plans
(115.0
)
 
(210.7
)
 
$
(278.1
)
 
$
(290.5
)
Amounts recognized in accumulated other comprehensive loss consist of:
 
January 31,
 
 
Pension Benefits
 
 
Other Postretirement Benefits
 
(in millions)
2016

2015

 
2016

2015

Net actuarial loss
$
180.1

$
311.2

 
$
10.4

$
32.4

Prior service cost (credit)
0.8

0.9

 
(3.0
)
(3.7
)
Total before tax
$
180.9

$
312.1

 
$
7.4

$
28.7
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The estimated pre-tax amount that will be amortized from accumulated other comprehensive loss into net periodic benefit cost within the next 12 months is as follows:
(in millions)
Pension Benefits

 
Other Postretirement Benefits

Net actuarial loss
                    $
15.5

 
                    $
0.2

Prior service credit
—

 
(0.7
)
 
                    $
15.5

 
                    $
(0.5
)
Schedule of Net Periodic Pension and Other Postretirement Benefit Expense
Components of Net Periodic Benefit Cost and
Other Amounts Recognized in Other Comprehensive Earnings

 
Years Ended January 31,
 
 
Pension Benefits
 
 
Other Postretirement Benefits
 
(in millions)
2016

2015

2014

 
2016

2015

2014

Service cost
$
22.6

$
16.8

$
19.1

 
$
4.2

$
2.4

$
2.8

Interest cost
30.6

28.3

27.0

 
3.2

2.6

2.8

Expected return on plan assets
(24.7
)
(23.6
)
(22.2
)
 
—

—

—

Curtailments
0.2

—

—

 
—

—

—

Amortization of prior service cost
—

0.3

1.0

 
(0.7
)
(0.7
)
(0.7
)
Amortization of net loss
28.9

13.1

19.0

 
1.5

—

0.2

Net periodic benefit cost
57.6

34.9

43.9

 
8.2

4.3

5.1

 
 
 
 
 
 
 
 
Net actuarial (gain) loss
(102.1
)
199.8

(71.2
)
 
(20.4
)
34.8

(15.1
)
Recognized actuarial loss
(28.9
)
(13.1
)
(19.0
)
 
(1.5
)
—

(0.2
)
Prior service cost
—

0.5

—

 
—

—

—

Recognized prior service (cost) credit
(0.1
)
(0.3
)
(1.0
)
 
0.7

0.7

0.7

Total recognized in other comprehensive earnings
(131.1
)
186.9

(91.2
)
 
(21.2
)
35.5

(14.6
)
Total recognized in net periodic benefit cost and other comprehensive earnings
$
(73.5
)
$
221.8

$
(47.3
)
 
$
(13.0
)
$
39.8

$
(9.5
)
Schedule of Assumptions Used
Weighted-average assumptions used to determine benefit obligations:
 
January 31,
 
 
2016

2015

Discount rate:
 
 
Qualified Plan
4.50
%
3.75
%
Excess Plan/SRIP
4.25
%
3.75
%
Other Plans
1.05
%
1.12
%
Other Postretirement Benefits
4.50
%
3.50
%
Rate of increase in compensation:
 
 
Qualified Plan
3.00
%
2.75
%
Excess Plan
4.25
%
4.25
%
SRIP
6.50
%
7.25
%
Other Plans
1.18
%
1.22
%

Weighted-average assumptions used to determine net periodic benefit cost:
 
Years Ended January 31,
 
 
2016

2015

2014

Discount rate:
 
 
 
Qualified Plan
3.75
%
4.75
%
4.50
%
Excess Plan/SRIP
3.75
%
5.00
%
4.50
%
Other Plans
1.71
%
1.81
%
1.25
%
Other Postretirement Benefits
3.50
%
5.00
%
4.50
%
Expected return on plan assets
7.50
%
7.50
%
7.50
%
Rate of increase in compensation:
 
 
 
Qualified Plan
2.75
%
2.75
%
2.75
%
Excess Plan
4.25
%
4.25
%
4.25
%
SRIP
7.25
%
7.25
%
7.25
%
Other Plans
1.56
%
1.33
%
1.00
%
Fair Value Of Companys Qualified Plan Assets
The fair value of the Qualified Plan's assets at January 31, 2016 and 2015 by asset category is as follows:
 
Fair Value at
Fair Value Measurements
Using Inputs Considered as*
(in millions)
January 31, 2016
Level 1
Level 2
Level 3
Equity securities:
 
 
 
 
Common/collective trusts a
115.9

—

115.9

—

U.S. equity securities
45.6

45.6

—

—

Mutual fund
27.4

27.4

—

—

Fixed income securities:
 
 
 
 
Government bonds
62.3

61.3

1.0

—

Corporate bonds
87.7

—

87.7

—

Other types of investments:
 
 
 
 
Cash and cash equivalents
2.5

2.5

—

—

Mutual funds
25.6

25.6

—

—

Limited partnerships
18.8

—

—

18.8

 
$
385.8

$
162.4

$
204.6

$
18.8

 
 
 
 
 
 
Fair Value at
Fair Value Measurements
Using Inputs Considered as*
(in millions)
January 31, 2015
Level 1
Level 2
Level 3
Equity securities:
 
 
 
 
Common/collective trusts a
$
288.4

$
—

$
288.4

$
—

Fixed income securities:
 
 
 
 
Government bonds
27.7

23.6

4.1

—

Corporate bonds
33.9

—

33.9

—

Mortgage obligations
37.0

—

37.0

—

Other types of investments:
 
 
 
 
Limited partnerships
19.0

—

—

19.0

 
$
406.0

$
23.6

$
363.4

$
19.0

*
See "Note I - Fair Value of Financial Instruments" for a description of the levels of inputs.
a 
Common/collective trusts include investments in U.S. and international large, middle and small capitalization equities.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The changes in fair value of the Qualified Plan's Level 3 assets is as follows:
(in millions)
Limited partnerships

January 31, 2014
               $
14.4

Unrealized gain, net
1.4

Realized gain, net
0.6

Purchases
5.6

Settlements
(3.0
)
January 31, 2015
19.0

Unrealized gain, net
1.2

Realized gain, net
0.1

Purchases
3.7

Settlements
(5.2
)
January 31, 2016
               $
18.8
Schedule of Expected Benefit Payments
The Company expects the following future benefit payments to be paid:
Years Ending January 31,
Pension Benefits
(in millions)

Other Postretirement Benefits
(in millions)

2017
                    $
24.4

                    $
1.7

2018
24.9

1.8

2019
26.6

1.9

2020
27.3

2.0

2021
28.9

2.1

2022-2026
166.4

12.9