Employee Benefit Plans

6 Months Ended

Jul. 31, 2020

Retirement Benefits [Abstract]

Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

The Company maintains several pension and retirement plans and provides certain health-care and life insurance benefits.

Net periodic pension and other postretirement benefit expense included the following components:

	Three Months Ended July 31,
	Pension Benefits						Other Postretirement Benefits
(in millions)	2020			2019			2020		2019
Net Periodic Benefit Cost:
Service cost	$	4.6		$	4.3		$	0.8	$	0.6
Interest cost	7.3			8.2			0.7		0.9
Expected return on plan assets	(9.6		)	(9.7		)	—		—
Amortization of prior service credit	—			—			—		(0.1		)
Amortization of net loss	5.4			3.0			—		(0.2		)
Net expense	$	7.7		$	5.8		$	1.5	$	1.2

	Six Months Ended July 31,
	Pension Benefits						Other Postretirement Benefits
(in millions)	2020			2019			2020			2019
Net Periodic Benefit Cost:
Service cost	$	9.5		$	8.5		$	1.6		$	1.3
Interest cost	14.7			16.3			1.5			1.7
Expected return on plan assets	(19.2		)	(18.4		)	—			—
Amortization of prior service credit	—			—			(0.1		)	(0.3		)
Amortization of net loss	10.9			5.6			0.1			—
Net expense	$	15.9		$	12.0		$	3.1		$	2.7

The components of net periodic benefit cost other than the service cost component are included in Other income, net on the Condensed Consolidated Statement of Earnings.