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Stockholders' Equity (Notes)
 3 Months Ended
Apr. 30, 2018
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS' EQUITY

Accumulated Other Comprehensive Loss
(in millions)
April 30, 2018
 
January 31, 2018
 
April 30, 2017
Accumulated other comprehensive (loss) earnings, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
(73.0
)
 
$
(48.0
)
 
$
(131.6
)
Unrealized (loss) gain on marketable securities a
—

 
(1.8
)
 
0.9

Deferred hedging loss
(30.2
)
 
(22.9
)
 
(17.1
)
Net unrealized loss on benefit plans
(62.9
)
 
(65.3
)
 
(95.0
)
 
$
(166.1
)
 
$
(138.0
)
 
$
(242.8
)


a 
The Company adopted ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, on February 1, 2018 using the modified retrospective method. Under ASU 2016-01, the Company recognizes both realized and unrealized gains and losses on marketable securities in Other expense, net. Previously, unrealized gains and losses were recorded as a separate component of stockholders' equity.

Additions to and reclassifications out of accumulated other comprehensive earnings (loss) were as follows:
 
Three Months Ended April 30,
(in millions)

2018
 
2017
Foreign currency translation adjustments
$
(25.4
)
 
$
12.4

Income tax benefit (expense)
0.4

 
(0.3
)
Foreign currency translation adjustments, net of tax
(25.0
)
 
12.1

Unrealized gain on marketable securities
—

 
0.4

Income tax expense
—

 
(0.3
)
Unrealized gain on marketable securities, net of tax
—

 
0.1

Unrealized loss on hedging instruments
(7.2
)
 
(10.3
)
Reclassification adjustment for (gain) loss included in
net earnings a
(2.3
)
 
9.0

Income tax benefit
2.2

 
0.3

Unrealized loss on hedging instruments, net of tax
(7.3
)
 
(1.0
)
Amortization of net loss included in net earnings b
3.3

 
3.5

Amortization of prior service credit included in net earnings b
(0.2
)
 
(0.1
)
Income tax expense
(0.7
)
 
(1.2
)
Net unrealized gain on benefit plans, net of tax
2.4

 
2.2

Total other comprehensive (loss) earnings, net of tax
$
(29.9
)
 
$
13.4


a
These (gains) losses are reclassified into Cost of Sales, Interest expense and financing costs and Other expense, net (see "Note 8. Hedging Instruments" for additional details).
b
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 (the "2016 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 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. As of April 30, 2018, $170.8 million remained available for share repurchases under the 2016 Program. The 2016 Program was originally scheduled to expire on January 31, 2019. However, on May 22, 2018, the Registrant's Board of Directors approved a new share repurchase program, which will replace the 2016 Program. Approximately $160.0 million remained available for repurchase under the 2016 Program at May 22, 2018. See "Note 14. Subsequent Events" for additional information regarding the new share repurchase program.

The Company's share repurchase activity was as follows:
 
Three Months Ended April 30,
(in millions, except per share amounts)
2018
 
2017
Cost of repurchases
$
40.5

 
$
11.5

Shares repurchased and retired
0.4

 
0.1

Average cost per share
$
99.48

 
$
93.48



Cash Dividends. The Company's Board of Directors declared quarterly dividends of $0.50 and $0.45 per share of Common Stock in the three months ended April 30, 2018 and 2017, respectively.

Cumulative effect adjustment from adoption of new accounting standards. The amounts presented within this line item on the condensed consolidated statement of stockholders' equity represent the effects of the Company's adoption, on a modified retrospective basis, of ASU 2014-09, Revenue from Contracts with Customers (as discussed in "Note 2. New Accounting Standards") and ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (as discussed above).