Other Comprehensive Income Other Comprehensive Income, Tax (Notes)

6 Months Ended

Jan. 31, 2014

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 on cash flow hedges and the unamortized gain on postretirement plans are presented net of tax:

	Unrealized gain 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 income (loss) before reclassification	136			—			(1,481		)	(1,345		)
Amounts reclassified from accumulated other comprehensive income	(57		)	(234		)	—			(291		)
Ending balance, January 31, 2014	$	178		$	1,619		$	52,630		$	54,427

The decrease in accumulated other comprehensive income for the six months ended January 31, 2014 compared to July 31, 2013, was primarily due to the depreciation 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 $291 in amounts reclassified from accumulated other comprehensive income, the $57 gain on cash flow hedges was reclassified into cost of products sold and the $234 gain on postretirement plans was reclassified into SG&A on the condensed consolidated statement of earnings for the six months ended January 31, 2014.

The following table illustrates the income tax (expense) benefit on the components of other comprehensive income for the three and six months ended January 31, 2014 and 2013:

	Three months ended January 31,						Six months ended January 31,
	2014			2013			2014			2013
Income tax (expense) benefit related to items of other comprehensive income:
Net investment hedge translation adjustments	$	(576	)	$	1,789		$	738		$	3,742
Long-term intercompany loan settlements	440			(647		)	1,843			(592		)
Cash flow hedges	(78		)	164			(60		)	598
Other income tax adjustments	43			254			(50		)	67
Income tax (expense) benefit related to items of other comprehensive income	$	(171	)	$	1,560		$	2,471		$	3,815