Other Comprehensive Income Other Comprehensive Income, Tax (Notes)

9 Months Ended

Apr. 30, 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 (loss) income before reclassification	(18		)	(41		)	8,116		8,057
Amounts reclassified from accumulated other comprehensive income	(82		)	(351		)	—		(433		)
Ending balance, April 30, 2014	$	(1	)	$	1,461		$	62,227	$	63,687

The increase in accumulated other comprehensive income ("OCI") over the nine months ended April 30, 2014 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 $433 in amounts reclassified from accumulated other comprehensive income, the $82 gain on cash flow hedges was reclassified into cost of products sold and the $351 gain on postretirement plans was reclassified into SG&A on the condensed consolidated statement of earnings for the nine months ended April 30, 2014.

The following table illustrates the income tax (expense) benefit on the components of other comprehensive income for the three and nine months ended April 30, 2014 and 2013:

	Three months ended April 30,						Nine months ended April 30,
	2014			2013			2014		2013
Income tax (expense) benefit related to items of other comprehensive income:
Net investment hedge translation adjustments	$	787		$	(1,360	)	$	1,525	$	2,383
Long-term intercompany loan settlements	(1,176		)	430			667		(162		)
Cash flow hedges	84			(131		)	24		467
Other income tax adjustments	56			118			6		185
Income tax (expense) benefit related to items of other comprehensive income	$	(249	)	$	(943	)	$	2,222	$	2,873