XML 42 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity (Tables)
 6 Months Ended
Jul. 31, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Loss
(in millions)
July 31, 2018
 
January 31, 2018
 
July 31, 2017
Accumulated other comprehensive (loss) earnings, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
(106.3
)
 
$
(48.0
)
 
$
(92.4
)
Unrealized (loss) gain on marketable securities a
—

 
(1.8
)
 
0.5

Deferred hedging loss
(30.6
)
 
(22.9
)
 
(18.1
)
Net unrealized loss on benefit plans
(59.8
)
 
(65.3
)
 
(93.2
)
 
$
(196.7
)
 
$
(138.0
)
 
$
(203.2
)


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 (income) 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
Additions to and reclassifications out of accumulated other comprehensive (loss) earnings were as follows:
 
Three Months Ended July 31,
 
Six Months Ended July 31,
(in millions)

2018
 
2017
 
2018
 
2017
Foreign currency translation adjustments
$
(33.3
)
 
$
38.5

 
$
(58.7
)
 
$
50.9

Income tax benefit
—

 
0.7

 
0.4

 
0.4

Foreign currency translation adjustments, net of tax
(33.3
)
 
39.2

 
(58.3
)
 
51.3

Unrealized gain on marketable securities
—

 
0.3

 
—

 
0.7

Reclassification for gain included in net earnings a
—

 
(0.8
)
 
—

 
(0.8
)
Income tax benefit (expense)
—

 
0.1

 
—

 
(0.2
)
Unrealized loss on marketable securities, net of tax
—

 
(0.4
)
 
—

 
(0.3
)
Unrealized gain (loss) on hedging instruments
4.3

 
(4.9
)
 
(2.9
)
 
(15.2
)
Reclassification adjustment for (gain) loss included in net earnings b
(5.1
)
 
3.6

 
(7.4
)
 
12.5

Income tax benefit
0.4

 
0.3

 
2.6

 
0.7

Unrealized loss on hedging instruments, net of tax
(0.4
)
 
(1.0
)
 
(7.7
)
 
(2.0
)
Amortization of net loss included in net earnings c
4.2

 
3.0

 
7.5

 
6.6

Amortization of prior service credit included in net earnings c
(0.2
)
 
(0.1
)
 
(0.4
)
 
(0.1
)
Income tax expense
(0.9
)
 
(1.1
)
 
(1.6
)
 
(2.5
)
Net unrealized gain on benefit plans, net of tax
3.1

 
1.8

 
5.5

 
4.0

Total other comprehensive (loss) earnings, net of tax
$
(30.6
)
 
$
39.6

 
$
(60.5
)
 
$
53.0



a 
These gains were reclassified into Other (income) expense, net.
b 
These (gains) losses are reclassified into Cost of Sales, Interest expense and financing costs and Other (income) expense, 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).
Schedule Of Share Repurchases Table
The Company's share repurchase activity was as follows:
 
Three Months Ended July 31,
 
Six Months Ended July 31,
(in millions, except per share amounts)
2018
 
2017
 
2018
 
2017
Cost of repurchases
$
265.9

 
$
21.0

 
$
306.3

 
$
32.5

Shares repurchased and retired
2.0

 
0.2

 
2.4

 
0.4

Average cost per share
$
130.54

 
$
91.27

 
$
125.37

 
$
92.04