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Hedging Instruments - (Tables)
 12 Months Ended
Jan. 31, 2020
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 millions)
(in millions)
July 2016
October 2024
¥
10,620.0

$
100.0

March 2017
April 2027
¥
11,000.0

$
96.1

May 2017
April 2027
¥
5,634.5

$
50.0

August 2019
August 2026
€
21.1

$
23.6


As of January 31, 2020, the notional amounts of foreign exchange forward contracts were as follows:
(in millions)
 
Notional Amount

 
USD Equivalent

Derivatives designated as hedging instruments:
 
 
 
 
Japanese yen
¥
19,917.3

$
187.4

British pound
£
13.2

 
17.1

Derivatives not designated as hedging instruments:
 
 
 
 
U.S. dollar
$
130.0

$
130.0

Euro
€
6.8

 
7.6

Australian dollar
AU$
23.2

 
15.7

Czech koruna
CZK
142.7

 
6.1

Japanese yen
¥
2,320.5

 
21.2

New Zealand dollar
NZ$
10.2

 
6.8

Singapore dollar
S$
20.9

 
15.2

Chinese renminbi
CNY
361.2

 
51.6

Canadian dollar
CAD
15.9

 
12.2

Danish kroner
DKK
52.6

 
7.8

Korean won
KRW
29,019.0

 
24.8
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 consolidated financial statements is as follows:
 
Year Ended January 31, 2020
 
(in millions)
Cost of sales
Interest expense and financing costs
Other expense, net
Other comprehensive loss, net of tax
Reported amounts of financial statement line items in which effects of cash flow hedges are recorded
$
1,662.1

$
38.5

$
3.8

$
(42.4
)
Derivatives in Cash Flow Hedging
Relationships:
 
 
 
 
Foreign exchange forward contracts
 
 
 
 
Pre-tax gain recognized in OCI
—

—

—

5.4

Pre-tax gain reclassified from accumulated OCI into earnings
(4.1
)
—

—

4.1

Precious metal collars
 
 
 
 
Pre-tax gain reclassified from accumulated OCI into earnings
(0.3
)
—

—

0.3

Precious metal forward contracts
 
 
 
 
Pre-tax gain recognized in OCI
—

—

—

18.1

Pre-tax loss reclassified from accumulated OCI into earnings
2.8

—

—

(2.8
)
Cross-currency swaps
 
 
 
 
Pre-tax gain recognized in OCI
—

—

—

27.0

Pre-tax gain reclassified from accumulated OCI into earnings
—

(6.1
)
(0.1
)
6.2

Forward-starting interest rate swaps
 
 
 
 
Pre-tax loss reclassified from accumulated OCI into earnings
—

1.3

—

(1.3
)


 
Year Ended January 31, 2019
 
(in millions)
Cost of sales
Interest expense and financing costs
Other expense, net
Other comprehensive loss, net of tax
Reported amounts of financial statement line items in which effects of cash flow hedges are recorded
$
1,631.1

$
39.7

$
7.1

$
(68.6
)
Derivatives in Cash Flow Hedging
Relationships:
 
 
 
 
Foreign exchange forward contracts
 
 
 
 
Pre-tax gain recognized in OCI
—

—

—

5.8

Pre-tax gain reclassified from accumulated OCI into earnings
(2.6
)
—

—

2.6

Precious metal collars
 
 
 
 
Pre-tax gain reclassified from accumulated OCI into earnings
(0.6
)
—

—

0.6

Precious metal forward contracts
 
 
 
 
Pre-tax loss recognized in OCI
—

—

—

(7.2
)
Pre-tax loss reclassified from accumulated OCI into earnings
1.0

—

—

(1.0
)
Cross-currency swaps
 
 
 
 
Pre-tax gain recognized in OCI
—

—

—

0.3

Pre-tax gain reclassified from accumulated OCI into earnings
—

—

(0.4
)
0.4

Forward-starting interest rate swaps
 
 
 
 
Pre-tax loss reclassified from accumulated OCI into earnings
—

1.4

—

(1.4
)