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Stockholders' Equity
 3 Months Ended
Apr. 30, 2020
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITY

Accumulated Other Comprehensive Loss
(in millions)
April 30, 2020
 
January 31, 2020
 
April 30, 2019
Accumulated other comprehensive loss, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
(158.5
)
 
$
(130.4
)
 
$
(132.2
)
Deferred hedging gain (loss)
10.7

 
5.4

 
(20.5
)
Net unrealized loss on benefit plans
(143.9
)
 
(148.2
)
 
(91.3
)
 
$
(291.7
)
 
$
(273.2
)
 
$
(244.0
)


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

2020
 
2019
Foreign currency translation adjustments
$
(29.2
)
 
$
(21.8
)
Income tax (benefit) expense
1.1

 
(2.4
)
Foreign currency translation adjustments, net of tax
(28.1
)
 
(24.2
)
Unrealized gain on hedging instruments
8.3

 
17.7

Reclassification adjustment for gain included in
net earnings a
(1.4
)
 
(7.6
)
Income tax expense
(1.6
)
 
(1.3
)
Unrealized gain on hedging instruments, net of tax
5.3

 
8.8

Amortization of net loss included in net earnings b
5.7

 
2.8

Amortization of prior service credit included in net earnings b
(0.1
)
 
(0.2
)
Income tax expense
(1.3
)
 
(0.4
)
Net unrealized gain on benefit plans, net of tax
4.3

 
2.2

Total other comprehensive loss, net of tax
$
(18.5
)
 
$
(13.2
)

a 
These gains are reclassified into Cost of sales, Interest expense and financing costs and Other income, net (see "Note 9. Hedging Instruments" for additional details).
b 
These losses (gains) are included in the computation of net periodic benefit cost (see "Note 14. Employee Benefit Plans" for additional details) and are reclassified into Other income, 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. As of April 30, 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. Accordingly, the Company did not repurchase any shares of its Common Stock during the three months ended April 30, 2020 pursuant to the 2018 Program, and does not expect to repurchase any shares of its Common Stock in connection with the 2018 Program prior to the Merger or earlier termination of the Merger Agreement.

The Company's share repurchase activity was as follows:
 
Three Months Ended April 30,
(in millions, except per share amounts)
2020
 
2019
Cost of repurchases
$
—

 
$
25.4

Shares repurchased and retired
—

 
0.3

Average cost per share
$
—

 
$
93.77



Cash Dividends. The Company's Board of Directors declared quarterly dividends of $0.58 and $0.55 per share of Common Stock in the three months ended April 30, 2020 and 2019, 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 2016-13 – Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (as discussed in "Note 3. New Accounting Standards") for the three months ended April 30, 2020, and ASU 2016-02 – Leases and ASU 2018-02 – Income Statement – Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income for the three months ended April 30, 2019.