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Stockholders' Equity (Notes)
 12 Months Ended
Jan. 31, 2017
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS' EQUITY

Accumulated Other Comprehensive Loss
 
January 31,
 
(in millions)
2017

 
2016

Accumulated other comprehensive (loss) earnings, net of tax:
 
 
 
Foreign currency translation adjustments
$
(143.7
)
 
$
(135.3
)
Unrealized gain (loss) on marketable securities
0.8

 
(1.0
)
Deferred hedging loss
(16.1
)
 
(26.8
)
Net unrealized loss on benefit plans
(97.2
)
 
(115.0
)
 
$
(256.2
)
 
$
(278.1
)


Additions to and reclassifications out of accumulated other comprehensive earnings (loss) are as follows: 
 
Years Ended January 31,
 
(in millions)
2017

2016

2015

Foreign currency translation adjustments
$
8.3

$
(59.9
)
$
(101.9
)
Income tax (expense) benefit
(16.7
)
0.9

8.8

Foreign currency adjustments, net of tax
(8.4
)
(59.0
)
(93.1
)
Unrealized gain (loss) on marketable securities
2.7

(4.1
)
(0.9
)
Reclassification for gain included in net earnings a
—

(0.4
)
—

Income tax (expense) benefit
(0.9
)
1.6

0.1

Unrealized gain (loss) on marketable securities, net of tax
1.8

(2.9
)
(0.8
)
Unrealized gain (loss) on hedging instruments
12.1

(22.2
)
14.6

Reclassification adjustment for loss (gain) included in
net earnings b
4.9

(11.7
)
(13.0
)
Income tax (expense) benefit
(6.3
)
12.5

(0.4
)
Unrealized gain (loss) on hedging instruments, net of tax
10.7

(21.4
)
1.2

Prior service cost
—

—

(0.5
)
Net actuarial gain (loss)
14.1

122.5

(234.6
)
Amortization of net loss included in net earnings c
14.7

30.4

13.1

Amortization of prior service credit included in net earnings c
(0.7
)
(0.6
)
(0.4
)
Income tax (expense) benefit
(10.3
)
(56.6
)
83.2

Net unrealized gain (loss) on benefit plans, net of tax
17.8

95.7

(139.2
)
Total other comprehensive earnings (loss), net of tax
$
21.9

$
12.4

$
(231.9
)

a
These gains are reclassified into Other (income) expense, net.
b
These losses (gains) are reclassified into Interest expense and financing costs and Cost of sales (see "Note H. Hedging Instruments" for additional details).
c
These accumulated other comprehensive income components are included in the computation of net periodic pension costs (see "Note N. Employee Benefit Plans" for additional details).
Stock Repurchase Program

In January 2016, the Registrant's Board of Directors approved the termination of the Company's then-existing share repurchase program, which was approved in March 2014 and had authorized the Company to repurchase up to $300.0 million of its Common Stock through open market transactions (the "2014 Program") in favor of a new share repurchase program ("2016 Program"). The 2016 Program, which will expire on January 31, 2019, authorizes the Company to repurchase up to $500.0 million of its Common Stock through open market transactions, block trades or privately negotiated transactions. 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. Approximately $310.4 million remained available for repurchase under the 2016 Program at January 31, 2017.

The Company's share repurchase activity was as follows:
 
Years Ended January 31,
 
(in millions, except per share amounts)
2017

2016

2015

Cost of repurchases
$
183.6

$
220.4

$
27.0

Shares repurchased and retired
2.8

2.8

0.3

Average cost per share
$
65.24

$
78.40

$
89.91



Cash Dividends

The Company's Board of Directors declared quarterly dividends which, on an annual basis, totaled $1.75, $1.58 and $1.48 per share of Common Stock in 2016, 2015 and 2014.

On February 16, 2017, the Company's Board of Directors declared a quarterly dividend of $0.45 per share of Common Stock. This dividend will be paid on April 10, 2017 to stockholders of record on March 20, 2017.