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Hedging Instruments (Tables)
 6 Months Ended
Jul. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
As of July 31, 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
¥
17,255.1

$
150.7

British pound
£
15.1

 
21.9

Derivatives not designated as hedging instruments:
 
 
 
 
U.S. dollar
$
73.1

$
73.1

Euro
€
25.4

 
28.6

British pound
£
3.9

 
5.1

Chilean peso
₱
2,622.9

 
3.9

Chinese yuan
¥
46.9

 
7.0

Japanese yen
¥
483.5

 
4.6

Korean won
₩
15,011.6

 
12.5

Hong Kong dollar
HK$
58.2

 
7.4

Mexican peso
₱
196.1

 
10.7

New Zealand dollar
NZ$
5.1

 
3.6

Singapore dollar
S$
23.7

 
17.7

Swiss franc
Fr.
3.4

 
3.4
Information on Location and Amounts of Derivative Gains and Losses in Condensed Consolidated Financial Statements
Information on the location and amounts of derivative gains and losses in the condensed consolidated financial statements is as follows:
 
Three Months Ended July 31,
 
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 
$
(1.2
)
 
$
0.8

 
$
6.9

 
$
5.2

Precious metal forward contracts a 
14.5

 
(2.4
)
 
(7.9
)
 
(1.4
)
Precious metal collars a
0.2

 
—

 
—

 
—

Cross-currency swaps b
(3.6
)
 
(0.7
)
 
—

 
—

Forward-starting interest rate swaps b
—

 
(0.4
)
 
—

 
(0.4
)
 
$
9.9

 
$
(2.7
)
 
$
(1.0
)
 
$
3.4



 
Six Months Ended July 31,
 
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 
$
(15.1
)
 
$
4.4

 
$
8.0

 
$
9.5

Precious metal forward contracts a 
36.1

 
(5.1
)
 
(13.1
)
 
(2.5
)
Precious metal collars a
0.5

 
—

 
—

 
—

Cross-currency swaps b
(3.6
)
 
(0.7
)
 
—

 
—

Forward-starting interest rate swaps b
—

 
(0.8
)
 
—

 
(0.8
)
 
$
17.9

 
$
(2.2
)
 
$
(5.1
)
 
$
6.2


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.