XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2019
Aug. 31, 2018
Currency translation and other adjustments [1] $ (28,023) $ (26,050) $ (34,208) $ (71,219)
Adjustment related to foreign currency gains reclassified to earnings       20,500
Changes in instrument specific credit risk, tax expense 2,000 300 9,000 11,000
Changes in instrument specific credit risk reclassified to earnings   100 500 400
Changes in instrument specific credit risk reclassified to earnings, tax   100 200 100
Cash flow hedge losses reclassification amount     500  
Cash flow hedges, tax expense (benefit)     (200) 700
Unrealized gain on available-for-sale securities, tax expense     200  
German Plan | Pension Plan        
Currency translation and other adjustments [1]       5,300
Currency translation and other adjustments        
Impact of certain discrete items related to non-U.S. subsidiaries planning for the Tax Act $ 8,900 $ 2,800 $ 10,600 2,800
Reclassification amount related to the Tax Cuts and Jobs Act [1]       (800)
Changes in instrument specific credit risk        
Reclassification amount related to the Tax Cuts and Jobs Act       (6,500)
Cash flow hedges        
Reclassification amount related to the Tax Cuts and Jobs Act [2]       $ (200)
[1]
The amounts during the three and nine months ended August 31, 2019 include income tax benefits of $8.9 million and $10.6 million respectively, compared with $2.8 million in both the three and nine months ended August 31, 2018, related to the impact of certain discrete items related to tax planning for our non-U.S. subsidiaries in connection with the Tax Cuts and Jobs Act (the “Tax Act”). The amount during the nine months ended August 31, 2018 includes $5.3 million related to the transfer of the German Pension Plan, which was reclassified to Compensation and benefits expenses within the Consolidated Statements of Earnings and ($0.8) million related to the Tax Act, which was reclassified to Member’s paid-in capital and a gain of $20.5 million related to foreign currency gains, which was reclassified to Other revenues within the Consolidated Statements of Earnings.
[2]
The amount during the nine months ended August 31, 2019 includes income tax benefits of $0.2 million. The cash flow hedge loss of $0.5 million during the nine months ended August 31, 2019 was reclassified to Other revenues within the Consolidated Statement of Earnings due to the sale of all of our common shares of Epic Gas Ltd. (“Epic Gas”). Refer to Note 9, Investments for further information. The amount during the nine months ended August 31, 2018 includes income tax expenses of $0.7 million. The amount during the nine months ended August 31, 2018 also includes ($0.2) million related to the Tax Act, which was reclassified to Member’s paid-in capital.