Hedging Instruments (Tables)

3 Months Ended

Apr. 30, 2016

As of April 30, 2016, the notional amounts of foreign exchange forward contracts accounted for as cash flow hedges were as follows:



(in millions)		Notional Amount		USD Equivalent
Derivatives designated as hedging instruments:
Japanese yen	¥	17,520.5	$	148.6
British pound	£	17.8		26.3
Derivatives not designated as hedging instruments:
U.S. dollar	$	59.6	$	59.6
Euro	€	21.5		23.9
British pound	£	4.7		6.8
Chilean peso	₱	2,622.9		3.9
Japanese yen	¥	423.5		3.8
Korean won	₩	15,011.6		12.5
Hong Kong dollar	HK$	58.2		7.4
Mexican peso	₱	180.2		10.2
New Zealand dollar	NZ$	3.1		2.1
Singapore dollar	S$	23.9		17.7
Swiss franc	Fr.	11.6		11.8

Information on the location and amounts of derivative gains and losses in the condensed consolidated financial statements is as follows:



	Three Months Ended April 30,
	2016						2015
(in millions)	Pre-Tax Gain (Loss) Recognized in OCI (Effective Portion)			Pre-Tax Gain (Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)			Pre-Tax Gain (Loss) Recognized in OCI (Effective Portion)			Pre-Tax Gain (Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange forward contracts ^a	$	(13.9	)	$	3.5		$	1.0		$	4.2
Precious metal forward contracts ^a	21.6			(2.7		)	(5.1		)	(1.0		)
Precious metal collars ^a	0.3			—			—			—
Forward-starting interest rate swaps ^b	—			(0.4		)	—			(0.4		)
	$	8.0		$	0.4		$	(4.1	)	$	2.8

aThe gain or loss recognized in earnings is included within Cost of sales.

bThe gain or loss recognized in earnings is included within Interest and other expenses, net.