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Stockholders' Equity
 12 Months Ended
Jan. 31, 2020
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITY

Accumulated Other Comprehensive Loss
 
January 31,
 
(in millions)
2020

 
2019

  Accumulated other comprehensive loss, net of tax:
 
 
 
Foreign currency translation adjustments
$
(130.4
)
 
$
(108.2
)
Deferred hedging gain (loss)
5.4

 
(24.5
)
Net unrealized loss on benefit plans
(148.2
)
 
(72.1
)
 
$
(273.2
)
 
$
(204.8
)


Additions to and reclassifications out of accumulated other comprehensive earnings (loss) were as follows: 
 
Years Ended January 31,
 
(in millions)
2020

2019

2018

Foreign currency translation adjustments
$
(21.3
)
$
(62.9
)
$
97.9

Income tax (expense) benefit
(1.1
)
2.7

(2.2
)
Foreign currency translation adjustments, net of tax
(22.4
)
(60.2
)
95.7

Unrealized gain on marketable securities
—

—

0.2

Reclassification for gain included in net earnings
—

—

(3.5
)
Income tax benefit
—

—

0.7

Unrealized loss on marketable securities, net of tax
—

—

(2.6
)
Unrealized gain (loss) on hedging instruments
50.5

(1.1
)
(21.0
)
Reclassification adjustment for (gain) loss included in
net earnings a
(6.5
)
(1.2
)
13.0

Income tax (expense) benefit
(9.3
)
0.7

1.2

Unrealized gain (loss) on hedging instruments, net of tax
34.7

(1.6
)
(6.8
)
Net actuarial (loss) gain
(82.0
)
(24.2
)
30.6

Amortization of net loss included in net earnings b
11.2

15.1

13.3

Amortization of prior service credit included in net earnings b
(0.5
)
(0.6
)
(0.5
)
Income tax benefit (expense)
16.6

2.9

(11.5
)
Net unrealized (loss) gain on benefit plans, net of tax
(54.7
)
(6.8
)
31.9

Total other comprehensive (loss) earnings, net of tax
$
(42.4
)
$
(68.6
)
$
118.2


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

Stock 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 ("ASR") or other structured repurchase transactions, and/or privately negotiated transactions. The 2018 Program replaced the Company's previous share repurchase program approved in January 2016, under which the Company was authorized to repurchase up to
$500.0 million of its Common Stock. As of January 31, 2020, $471.6 million remained available under the 2018 Program; however, pursuant to the terms of the Merger Agreement, and subject to certain limited exceptions, the Company may not repurchase its Common Stock other than in connection with the forfeiture provisions of Company equity awards or the cashless exercise or tax withholding provisions of such Company equity awards, in each case, granted under the Company's stock-based compensation plans.

During 2018, the Company entered into ASR agreements with two third-party financial institutions to repurchase an aggregate of $250.0 million of its Common Stock. The ASR agreements were entered into under the 2018 Program. Pursuant to the ASR agreements, the Company made an aggregate payment of $250.0 million from available cash on hand in exchange for an initial delivery of 1,529,286 shares of its Common Stock. Final settlement of the ASR agreements was completed in July 2018, pursuant to which the Company received an additional 353,112 shares of its Common Stock.  In total, 1,882,398 shares of the Company's Common Stock were repurchased under these ASR agreements at an average cost per share of $132.81 over the term of the agreements.

The Company's share repurchase activity was as follows:
 
Years Ended January 31,
 
(in millions, except per share amounts)
2020

2019

2018

Cost of repurchases
$
163.4

$
421.4

$
99.2

Shares repurchased and retired
1.8

3.5

1.0

Average cost per share
$
91.15

$
121.28

$
94.86



Cash Dividends

The Company's Board of Directors declared quarterly dividends which, on an annual basis, totaled $2.29, $2.15 and $1.95 per share of Common Stock in 2019, 2018 and 2017, respectively.

On February 20, 2020, the Company's Board of Directors declared a quarterly dividend of $0.58 per share of Common Stock. This dividend will be paid on April 10, 2020 to stockholders of record on March 20, 2020.

Cumulative Effect Adjustment From Adoption of New Accounting Standards

The amounts presented within this line item on the Consolidated Statements 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 C. Summary of Significant Accounting Policies") for the year ended January 31, 2020, and ASU 2014-09 - Revenue from Contracts with Customers and ASU 2016-01 - Recognition and Measurement of Financial Assets and Financial Liabilities for the year ended January 31, 2019.