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Stockholders' Equity (Notes)
9 Months Ended
Oct. 31, 2017
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Loss
(in millions)
October 31, 2017
 
January 31, 2017
 
October 31, 2016
Accumulated other comprehensive (loss) earnings, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
(102.4
)
 
$
(143.7
)
 
$
(121.7
)
Unrealized (loss) gain on marketable securities
(0.8
)
 
0.8

 
1.0

Deferred hedging loss
(16.5
)
 
(16.1
)
 
(22.0
)
Net unrealized loss on benefit plans
(91.2
)
 
(97.2
)
 
(108.5
)
 
$
(210.9
)
 
$
(256.2
)
 
$
(251.2
)

Additions to and reclassifications out of accumulated other comprehensive loss are as follows:
 
Three Months Ended 
 October 31,
 
Nine Months Ended 
 October 31,
(in millions)
2017
 
2016
 
2017
 
2016
Foreign currency translation adjustments
$
(10.0
)
 
$
(11.7
)
 
$
40.8

 
$
24.3

Income tax (expense) benefit

 
(1.8
)
 
0.5

 
(10.7
)
Foreign currency translation adjustments, net of tax
(10.0
)
 
(13.5
)
 
41.3

 
13.6

Unrealized (loss) gain on marketable securities
(0.2
)
 
(0.2
)
 
0.5

 
2.8

Reclassification for gain included in net earnings a
(1.4
)
 

 
(2.2
)
 

Income tax benefit (expense)
0.3

 
0.1

 
0.1

 
(0.9
)
Unrealized (loss) gain on marketable securities, net of tax
(1.3
)
 
(0.1
)
 
(1.6
)
 
1.9

Unrealized gain (loss) on hedging instruments
9.5

 
(17.8
)
 
(5.7
)
 
0.2

Reclassification adjustment for (gain) loss included in net earnings b
(6.9
)
 
5.4

 
5.7

 
7.6

Income tax (expense) benefit
(1.0
)
 
4.8

 
(0.4
)
 
(3.0
)
Unrealized gain (loss) on hedging instruments, net of tax
1.6

 
(7.6
)
 
(0.4
)
 
4.8

Amortization of net loss included in net earnings c
3.3

 
3.7

 
9.9

 
11.0

Amortization of prior service credit included in net earnings c
(0.1
)
 
(0.2
)
 
(0.3
)
 
(0.5
)
Income tax expense
(1.2
)
 
(1.3
)
 
(3.6
)
 
(3.9
)
Net unrealized gain on benefit plans, net of tax
2.0

 
2.2

 
6.0

 
6.6

Total other comprehensive (loss) earnings, net of tax
$
(7.7
)
 
$
(19.0
)
 
$
45.3

 
$
26.9


a 
These gains are reclassified into Interest and other expenses, net.
b 
These (gains) losses are reclassified into Cost of sales and Interest and other expenses, net (see "Note 8. Hedging Instruments" for additional details).
c 
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).

Share Repurchase Program. In January 2016, the Registrant's Board of Directors approved a share repurchase 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. Purchases under the 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 program will expire on January 31, 2019. As of October 31, 2017, $250.3 million remained available for share repurchases under the program.

The Company's share repurchase activity was as follows:
 
Three Months Ended 
 October 31,
 
Nine Months Ended
October 31,
(in millions, except per share amounts)
2017
 
2016
 
2017
 
2016
Cost of repurchases
$
27.7

 
$
30.8

 
$
60.2

 
$
180.7

Shares repurchased and retired
0.3

 
0.5

 
0.7

 
2.8

Average cost per share
$
92.31

 
$
67.72

 
$
92.16

 
$
65.13



Cash Dividends. The Registrant's Board of Directors declared quarterly dividends of $0.50 and $0.45 per share of Common Stock in the three months ended October 31, 2017 and 2016, respectively, and $1.45 and $1.30 per share in the nine months ended October 31, 2017 and 2016, respectively.