Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Oct. 31, 2020

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of changes in accumulated other comprehensive loss

Changes in accumulated other comprehensive loss by component for the three months ended October 31, 2020 and 2019 are as follows (in millions):

	Foreign Currency Translation Adjustment		Pension Benefits			Derivative Financial Instruments			Total
Balance as of July 31, 2020, net of tax	$	(74.0)	$	(110.0)		$	—		$	(184.0)
Other comprehensive (loss) income before reclassifications and tax	(5.0)		4.0		(1)	0.3			(0.7)
Tax expense	—		(1.0)			—			(1.0)
Other comprehensive (loss) income before reclassifications, net of tax	(5.0)		3.0			0.3			(1.7)
Reclassifications, before tax	—		3.6			—			3.6
Tax expense	—		(0.5)			(0.2)			(0.7)
Reclassifications, net of tax	—		3.1		(2)	(0.2)		(3)	2.9
Other comprehensive (loss) income, net of tax	(5.0)		6.1			0.1			1.2
Balance as of October 31, 2020, net of tax	$	(79.0)	$	(103.9)		$	0.1		$	(182.8)
Balance as of July 31, 2019, net of tax	$	(92.7)	$	(99.0)		$	(1.2)		$	(192.9)
Other comprehensive income before reclassifications and tax	8.1		—			0.1			8.2
Tax benefit	—		—			0.2			0.2
Other comprehensive income before reclassifications, net of tax	8.1		—			0.3			8.4
Reclassifications, before tax	—		0.7			1.9			2.6
Tax benefit (expense)	—		0.1			(0.7)			(0.6)
Reclassifications, net of tax	—		0.8		(2)	1.2		(3)	2.0
Other comprehensive income, net of tax	8.1		0.8			1.5			10.4
Balance as of October 31, 2019, net of tax	$	(84.6)	$	(98.2)		$	0.3		$	(182.5)

(1)In the first quarter of fiscal 2021, pension curtailment accounting was triggered and the Company recorded a charge of $0.8 million (see Note 9). As a result of the related remeasurement, the Company’s pension obligations decreased with a corresponding adjustment to other comprehensive loss of $4.0 million.

(2)Primarily includes net amortization of prior service costs and actuarial losses included in net periodic benefit cost (see Note 9) that were reclassified from accumulated other comprehensive loss in the Company’s Condensed Consolidated Balance Sheets to operating expenses and cost of sales in the Company’s Condensed Consolidated Statements of Earnings.

(3)Relates to foreign currency cash flow hedges that were reclassified from accumulated other comprehensive loss to other expense (income), net in the Company’s Condensed Consolidated Statements of Earnings.