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Stockholders' Equity
 3 Months Ended
Apr. 30, 2019
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS' EQUITY

Accumulated Other Comprehensive Loss
(in millions)
April 30, 2019
 
January 31, 2019
 
April 30, 2018
Accumulated other comprehensive loss, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
(132.2
)
 
$
(108.2
)
 
$
(73.0
)
Deferred hedging loss
(20.5
)
 
(24.5
)
 
(30.2
)
Net unrealized loss on benefit plans
(91.3
)
 
(72.1
)
 
(62.9
)
 
$
(244.0
)
 
$
(204.8
)
 
$
(166.1
)


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

2019
 
2018
Foreign currency translation adjustments
$
(21.8
)
 
$
(25.4
)
Income tax (expense) benefit
(2.4
)
 
0.4

Foreign currency translation adjustments, net of tax
(24.2
)
 
(25.0
)
Unrealized gain (loss) on hedging instruments
17.7

 
(7.2
)
Reclassification adjustment for gain included in
net earnings a
(7.6
)
 
(2.3
)
Income tax (expense) benefit
(1.3
)
 
2.2

Unrealized gain (loss) on hedging instruments, net of tax
8.8

 
(7.3
)
Amortization of net loss included in net earnings b
2.8

 
3.3

Amortization of prior service credit included in net earnings b
(0.2
)
 
(0.2
)
Income tax expense
(0.4
)
 
(0.7
)
Net unrealized gain on benefit plans, net of tax
2.2

 
2.4

Total other comprehensive loss, net of tax
$
(13.2
)
 
$
(29.9
)

a 
These gains are reclassified into Cost of sales, Interest expense and financing costs and Other (income) expense, net (see "Note 8. Hedging Instruments" for additional details).
b 
These losses (gains) are included in the computation of net periodic benefit cost (see "Note 13. Employee Benefit Plans" for additional details) and are reclassified into Other (income) expense, net.

Share Repurchase Program. In May 2018, the Registrant's Board of Directors approved a new share repurchase program (the "2018 Program"). The 2018 Program, which became effective June 1, 2018 and expires on January 31, 2022, authorizes the Company to repurchase up to $1.0 billion of its Common Stock through open market transactions, including through Rule 10b5-1 plans and one or more accelerated share repurchase or other structured repurchase transactions, and/or privately negotiated transactions. Purchases under this program are discretionary and will be made from time to time based on market conditions and the Company's liquidity needs. The Company may fund repurchases under the 2018 Program from existing cash at such time or from proceeds of any existing borrowing facilities at such time and/or the issuance of new debt. The 2018 Program replaced the Company's previous share repurchase program approved in January 2016 (the "2016 Program"), under which the Company was authorized to repurchase up to $500.0 million of its Common Stock. At the time of termination, $154.9 million remained available for repurchase under the 2016 Program. As of April 30, 2019, $609.6 million remained available under the 2018 Program.

The Company's share repurchase activity was as follows:
 
Three Months Ended April 30,
(in millions, except per share amounts)
2019
 
2018
Cost of repurchases
$
25.4

 
$
40.5

Shares repurchased and retired
0.3

 
0.4

Average cost per share
$
93.77

 
$
99.48



Cash Dividends. The Company's Board of Directors declared quarterly dividends of $0.55 and $0.50 per share of Common Stock in the three months ended April 30, 2019 and 2018, 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 2016-02 – Leases and ASU 2018-02 – Income Statement – Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (each as discussed in "Note 2. New Accounting Standards") for the three months ended April 30, 2019, and ASU 2014-09 – Revenue from Contracts with Customers and ASU 2016-01 – Recognition and Measurement of Financial Assets and Financial Liabilities for the three months ended April 30, 2018.