Accumulated Other Comprehensive Loss

12 Months Ended

Jul. 31, 2016

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

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component for the years ended July 31, 2016 and 2015 are as follows (in millions):

	Foreign currency translation adjustment (a)			Pension benefits			Derivative financial instruments				Total
Balance as of July 31, 2015, net of tax	$	(70.8	)	$	(90.6	)	$	(0.6	)		$	(162.0	)
Other comprehensive loss before reclassifications and tax	(18.5		)	(55.4		)	(0.4		)		(74.3		)
Tax benefit	—			19.4			0.1				19.5
Other comprehensive loss before reclassifications, net of tax	(18.5		)	(36.0		)	(0.3		)		(54.8		)
Reclassifications, before tax	—			15.8			0.6				16.4
Tax expense	—			(5.0		)	(0.2		)		(5.2		)
Reclassifications, net of tax	—			10.8			0.4			(b)	11.2
Other comprehensive (loss) income, net of tax	(18.5		)	(25.2		)	0.1				(43.6		)
Balance as of July 31, 2016, net of tax	$	(89.3	)	$	(115.8	)	$	(0.5	)		$	(205.6	)
Balance as of July 31, 2014, net of tax	$	48.3		$	(94.0	)	$	(0.1	)		$	(45.8	)
Other comprehensive loss before reclassifications and tax	(119.1		)	(5.2		)	(1.9		)		(126.2		)
Tax benefit	—			2.0			0.7				2.7
Other comprehensive loss before reclassifications, net of tax	(119.1		)	(3.2		)	(1.2		)		(123.5		)
Reclassifications, before tax	—			8.7			1.0				9.7
Tax expense	—			(2.1		)	(0.3		)		(2.4		)
Reclassifications, net of tax	—			6.6			0.7			(b)	7.3
Other comprehensive (loss) income, net of tax	(119.1		)	3.4			(0.5		)		(116.2		)
Balance as of July 31, 2015, net of tax	$	(70.8	)	$	(90.6	)	$	(0.6	)		$	(162.0	)

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(a) Taxes are not provided on cumulative translation adjustments as substantially all translation adjustments relate to earnings that are intended to be indefinitely reinvested outside the U.S.

(b) Relates to foreign currency cash flow hedges that were reclassified from accumulated other comprehensive loss to other income, net (see Note 13).