Other Comprehensive Income Other Comprehensive Income, Tax (Notes)

6 Months Ended

Jan. 31, 2017

Other Comprehensive Income (Loss), Tax [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE C — Other Comprehensive Loss

Other comprehensive loss 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 six months ended January 31, 2017:

	Unrealized loss on cash flow hedges			Unamortized gain on post-retirement plans			Foreign currency translation adjustments			Accumulated other comprehensive loss
Beginning balance, July 31, 2016	$	(857	)	$	2,236		$	(56,124	)	$	(54,745	)
Other comprehensive loss before reclassification	(80		)	72			(13,442		)	(13,450		)
Amounts reclassified from accumulated other comprehensive loss	253			(272		)	—			(19		)
Ending balance, January 31, 2017	$	(684	)	$	2,036		$	(69,566	)	$	(68,214	)

The increase in accumulated other comprehensive loss as of January 31, 2017, compared to July 31, 2016, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six month period. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, foreign currency translation on intercompany notes, and the settlements of net investment hedges, net of tax. Of the total $19 in amounts reclassified from accumulated other comprehensive loss, the $253 loss on cash flow hedges was reclassified into cost of products sold, and the $272 gain on post-retirement plans was reclassified into selling, general and administrative expenses ("SG&A") on the condensed consolidated statement of earnings for the six months ended January 31, 2017.

The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2016, were as follows:

	Unrealized gain (loss) on cash flow hedges			Unamortized gain on post-retirement plans			Foreign currency translation adjustments			Accumulated other comprehensive loss
Beginning balance, July 31, 2015	$	9		$	3,438		$	(48,481	)	$	(45,034	)
Other comprehensive loss before reclassification	(141		)	—			(15,613		)	(15,754		)
Amounts reclassified from accumulated other comprehensive loss	(209		)	(1,358		)	—			(1,567		)
Ending balance, January 31, 2016	$	(341	)	$	2,080		$	(64,094	)	$	(62,355	)

The increase in accumulated other comprehensive loss as of January 31, 2016, compared to July 31, 2015, was primarily due the appreciation of the U.S. dollar against certain other currencies during the six-month period. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, foreign currency translation on intercompany notes, and the settlements of net investment hedges, net of tax. Of the total $1,567 in amounts reclassified from accumulated other comprehensive loss, the $209 gain on cash flow hedges was reclassified into cost of products sold, and the $1,358 gain on post-retirement plans was reclassified into SG&A on the condensed consolidated statement of earnings for the six months ended January 31, 2016.

The following table illustrates the income tax expense on the components of other comprehensive loss for the three and six months ended January 31, 2017 and 2016:

	Three months ended January 31,						Six months ended January 31,
	2017			2016			2017			2016
Income tax expense related to items of other comprehensive loss:
Net investment hedge translation adjustments	$	(556	)	$	(1,042	)	$	(2,125	)	$	(1,381	)
Cash flow hedges	(8		)	56			(137		)	554
Other income tax adjustments and currency translation	29			7			61			(8		)
Income tax expense related to items of other comprehensive loss	$	(535	)	$	(979	)	$	(2,201	)	$	(835	)