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Stockholders' Equity (Notes)
 3 Months Ended
Apr. 30, 2016
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Loss
(in millions)
April 30, 2016
 
January 31, 2016
 
April 30, 2015
Accumulated other comprehensive (loss) earnings, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
(83.6
)
 
$
(135.3
)
 
$
(72.7
)
Unrealized gain (loss) on marketable securities
0.2

 
(1.0
)
 
3.0

Deferred hedging loss
(22.5
)
 
(26.8
)
 
(9.8
)
Net unrealized loss on benefit plans
(112.7
)
 
(115.0
)
 
(206.0
)
 
$
(218.6
)
 
$
(278.1
)
 
$
(285.5
)

Additions to and reclassifications out of accumulated other comprehensive loss are as follows:
 
Three Months Ended April 30,
(in millions)
2016
 
2015
Foreign currency translation adjustments
$
58.8

 
$
3.8

Income tax expense
(7.1
)
 
(0.2
)
Foreign currency adjustments, net of tax
51.7

 
3.6

Unrealized gain on marketable securities
1.8

 
1.5

Income tax expense
(0.6
)
 
(0.4
)
Unrealized gain on marketable securities, net of tax
1.2

 
1.1

Unrealized gain (loss) on hedging instruments
8.0

 
(4.1
)
Reclassification adjustment for gain included in
net earnings a
(0.4
)
 
(2.8
)
Income tax (expense) benefit
(3.3
)
 
2.5

Unrealized gain (loss) on hedging instruments, net of tax
4.3

 
(4.4
)
Amortization of net loss included in net earnings b
3.9

 
7.8

Amortization of prior service credit included in
net earnings b
(0.2
)
 
(0.2
)
Income tax expense
(1.4
)
 
(2.9
)
Net unrealized gain on benefit plans, net of tax
2.3

 
4.7

Total other comprehensive earnings, net of tax
$
59.5

 
$
5.0


a 
These gains are reclassified into Cost of sales and Interest and other expenses, net (see "Note 8. Hedging Instruments" for additional details).
b 
These accumulated other comprehensive income components are included in the computation of net periodic pension costs (see "Note 12. Employee Benefit Plans" for additional details).

Stock Repurchase Program. In March 2014, the Company's Board of Directors approved a share repurchase program ("2014 Program") which authorized the Company to repurchase up to $300.0 million of its Common Stock through open market transactions. The program had an expiration date of March 31, 2017, but was terminated in January 2016 in connection with the authorization of a new program with increased repurchase capacity (as described in more detail below). Approximately $58.6 million remained available for repurchase under the 2014 Program at the time of its termination.

In January 2016, the Company's Board of Directors approved a new share repurchase program ("2016 Program") which authorizes the Company to repurchase up to $500.0 million of its Common Stock through open market transactions, block trades or privately negotiated transactions and terminated the 2014 Program. Purchases under the 2014 Program were, and purchases under the 2016 Program have been, executed under a written plan for trading securities as specified under Rule 10b5-1 promulgated under the Securities and Exchange Act of 1934, as amended, the terms of which are within the Company's discretion, subject to applicable securities laws, and are based on market conditions and the Company's liquidity needs. The 2016 Program will expire on January 31, 2019. Approximately $415.9 million remained available for repurchase under the 2016 Program at April 30, 2016.

The Company's share repurchase activity was as follows:
 
Three Months Ended April 30,
(in millions, except per share amounts)
2016
 
2015
Cost of repurchases
$
78.1

 
$
33.1

Shares repurchased and retired
1.2

 
0.4

Average cost per share
$
66.48

 
$
87.16



Cash Dividends. The Company's Board of Directors declared quarterly dividends of $0.40 and $0.38 per share of Common Stock in the three months ended April 30, 2016 and 2015.