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Hedging Instruments (Tables)
 9 Months Ended
Oct. 31, 2017
Derivative [Line Items]  
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 October 31,
 
2017
 
2016
(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
$
4.3

 
$
1.5

 
$
1.1

 
$
(2.5
)
Precious metal forward contracts a
(0.1
)
 
(0.1
)
 
(18.6
)
 
(1.9
)
Precious metal collars a
0.3

 
0.1

 
(0.2
)
 
—

Cross-currency swaps b
5.0

 
5.7

 
(0.1
)
 
(0.6
)
Forward-starting interest rate swaps b
—

 
(0.4
)
 
—

 
(0.4
)
 
$
9.5

 
$
6.8

 
$
(17.8
)
 
$
(5.4
)
 
Nine Months Ended October 31,
 
2017
 
2016
(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 
$
0.5

 
$
(2.2
)
 
$
(14.0
)
 
$
1.9

Precious metal forward contracts a 
(2.7
)
 
(1.3
)
 
17.6

 
(7.0
)
Precious metal collars a
0.3

 
0.2

 
0.3

 
—

Cross-currency swaps b
(3.8
)
 
(1.3
)
 
(3.7
)
 
(1.4
)
Forward-starting interest rate swaps b
—

 
(1.1
)
 
—

 
(1.1
)
 
$
(5.7
)
 
$
(5.7
)
 
$
0.2

 
$
(7.6
)

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.
Schedule of Notional Amounts of Outstanding Derivative Positions
As of October 31, 2017, the notional amounts of foreign exchange forward contracts were as follows:
(in millions)
 
Notional Amount
 
USD Equivalent
Derivatives designated as hedging instruments:
 
 
 
 
Japanese yen
¥
17,145.0

$
156.0

British pound
£
13.5

 
17.7

Derivatives not designated as hedging instruments:
 
 
 
 
U.S. dollar
$
58.9

$
58.9

Euro
€
49.0

 
58.2

Australian dollar
AU$
14.8

 
11.6

British pound
£
3.8

 
5.1

Czech koruna
CZK
166.9

 
7.6

Japanese yen
¥
465.6

 
4.1

Mexican peso
₱
97.0

 
5.1

New Zealand dollar
NZ$
11.2

 
8.0

Singapore dollar
S$
24.3

 
18.0

Swiss franc
Fr.
0.4

 
0.4

Cross-Currency Swap
 
Notional Amount
Effective Date
Maturity Date
(in billions)
(in millions)
July 2016
October 1, 2024
¥
10.6

$
100.0

March 2017
April 1, 2027
11.0

96.1

May 2017
April 1, 2027
5.6

50.0