Other Comprehensive Income Other Comprehensive Income, Tax (Notes)

3 Months Ended

Oct. 31, 2013

Other Comprehensive Income, Tax [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Comprehensive Income

Comprehensive income consists of foreign currency translation adjustments, unrealized gains and losses from cash flow hedges and net investment hedges, and the unamortized gain on post-retirement plans net of their related tax effects.

The following table illustrates the changes in the balances of each component of accumulated other comprehensive income for the periods presented. The unrealized gain (loss) on cash flow hedges and the unamortized gain on postretirement plans are presented net of tax:

	Unrealized gain (loss) on cash flow hedges		Unamortized gain on postretirement plans		Foreign currency translation adjustments	Accumulated other comprehensive income
Beginning balance, July 31, 2013	99		1,853		54,111	56,063
Other comprehensive (loss) income before reclassification	(32	)	—		14,273	14,241
Amounts reclassified from accumulated other comprehensive income	(55	)	(117	)	—	(172	)
Ending balance, October 31, 2013	12		1,736		68,384	70,132

The increase in accumulated other comprehensive income for the three months ended October 31, 2013 compared to July 31, 2013 was primarily due to the appreciation of the U.S. dollar against other currencies. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation on intercompany notes and net investment hedges, net of tax. Of the total $172 in amounts reclassified from accumulated other comprehensive income, the $55 gain on cash flow hedges was reclassified into cost of products sold and the $117 gain on postretirement plans was reclassified into SG&A on the condensed consolidated statement of earnings for the three months ended October 31, 2013.

The following table illustrates the income tax benefit (expense) on the components of other comprehensive income for the three months ended October 31, 2013 and 2012:

	Three months ended October 31,
	2013			2012
Income tax benefit (expense) related to items of other comprehensive income:
Net investment hedge translation adjustments	$	1,314		$	1,953
Long-term intercompany loan settlements	1,403			55
Cash flow hedges	18			434
Other income tax adjustments	(93		)	(187		)
Income tax benefit related to items of other comprehensive income	$	2,642		$	2,255