XML 42 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Hedging Instruments (Tables)
 3 Months Ended
Apr. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
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

(in millions)
 
Notional Amount
 
USD Equivalent
Derivatives designated as hedging instruments:
 
 
 
 
Japanese yen
¥
16,124.5

$
148.7

British pound
£
12.7

 
17.4

Derivatives not designated as hedging instruments:
 
 
 
 
U.S. dollar
$
59.3

$
59.3

Euro
€
10.1

 
13.9

Australian dollar
AU$
23.7

 
18.4

British pound
£
7.4

 
10.5

Czech koruna
CZK
124.6

 
6.1

Chinese yuan
CNY
18.1

 
2.9

Hong Kong dollar
HKD
39.0

 
5.0

Japanese yen
¥
1,080.7

 
10.0

Korean won
₩
20,498.4

 
19.2

New Zealand dollar
NZ$
11.7

 
8.6

Singapore dollar
S$
29.9

 
22.8
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 April 30,
 
2018
 
2017
(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 
$
1.8

 
$
1.6

 
$
(3.2
)
 
$
(2.8
)
Precious metal collars a
—

 
0.1

 
0.1

 
—

Precious metal forward contracts a 
(5.6
)
 
0.4

 
0.3

 
(0.9
)
Cross-currency swaps b
(3.4
)
 
0.6

 
(7.5
)
 
(4.9
)
Forward-starting interest rate swaps c
—

 
(0.4
)
 
—

 
(0.4
)
 
$
(7.2
)
 
$
2.3

 
$
(10.3
)
 
$
(9.0
)

aThe gain or loss recognized in earnings is included within Cost of sales.
bThe gain or loss recognized in earnings is included within Other expense, net.
cThe gain or loss recognized in earnings is included within Interest expense and financing costs.