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Other Comprehensive Income Other Comprehensive Income (Notes)
12 Months Ended
Jul. 31, 2016
Statement of Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
Other Comprehensive (Loss) Income
Other comprehensive (loss) 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 loss, net of tax, for the periods presented:
 
Unrealized gain (loss) on cash flow hedges
 
Gain on postretirement plans
 
Foreign currency translation adjustments
 
Accumulated other comprehensive (loss) income
Ending balance, July 31, 2014
$
(12
)
 
$
4,854

 
$
59,314

 
$
64,156

Other comprehensive (loss) income before reclassification
829

 
2,236

 
(73,098
)
 
(70,033
)
Amounts reclassified from accumulated other comprehensive (loss) income
(808
)
 
(3,652
)
 
(34,697
)
 
(39,157
)
Ending balance, July 31, 2015
$
9

 
$
3,438

 
$
(48,481
)
 
$
(45,034
)
Other comprehensive (loss) income before reclassification
(986
)
 
445

 
(7,643
)
 
(8,184
)
Amounts reclassified from accumulated other comprehensive (loss) income
120

 
(1,647
)
 

 
(1,527
)
Ending balance, July 31, 2016
$
(857
)
 
$
2,236

 
$
(56,124
)
 
$
(54,745
)

The increase in accumulated other comprehensive loss as of July 31, 2016 compared to July 31, 2015, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the twelve-month period. The foreign currency translation adjustments column in the table above includes foreign currency translation, foreign currency translation on intercompany notes and the impact of settlements of net investment hedges, net of tax. Of the total $1,527 in amounts reclassified from AOCI, the $120 loss on cash flow hedges was reclassified into cost of products sold, and the $1,647 net gain on post-retirement plans was reclassified into SG&A on the Consolidated Statement of Earnings in fiscal 2016.
The following table illustrates the income tax (expense) benefit on the components of other comprehensive income:
 
 
2016
 
2015
 
2014
Income tax (expense) benefit related to items of other comprehensive (loss) income:
 
 
 
 
 
 
Net investment hedge translation adjustments
 
$
(1,804
)
 
$
(8,450
)
 
$
302

Long-term intercompany loan settlements
 

 

 
579

Cash flow hedges
 
192

 
(308
)
 
28

Pension and other post-retirement benefits
 
738

 
949

 
(1,898
)
Other income tax adjustments
 
(2,154
)
 
(415
)
 
(58
)
Income tax expense related to items of other comprehensive (loss) income
 
$
(3,028
)
 
$
(8,224
)
 
$
(1,047
)