Other Comprehensive Income Other Comprehensive Income, Tax (Notes)

9 Months Ended

Apr. 30, 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 nine months ended April 30, 2017:

	Unrealized (loss) gain 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 income (loss) before reclassification	563			72			(9,144		)	(8,509		)
Amounts reclassified from accumulated other comprehensive loss	323			(408		)	—			(85		)
Ending balance, April 30, 2017	$	29		$	1,900		$	(65,268	)	$	(63,339	)

The increase in accumulated other comprehensive loss as of April 30, 2017, compared to July 31, 2016, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the nine-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 $85 reclassified from accumulated other comprehensive loss, the $323 loss on cash flow hedges was reclassified into cost of products sold, and the $408 gain on post-retirement plans was reclassified into selling, general and administrative expenses ("SG&A") on the condensed consolidated statement of earnings for the nine months ended April 30, 2017.

The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 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) income before reclassification	(368		)	(2		)	4,634			4,264
Amounts reclassified from accumulated other comprehensive loss	(106		)	(1,520		)	—			(1,626		)
Ending balance, April 30, 2016	$	(465	)	$	1,916		$	(43,847	)	$	(42,396	)

The decrease in accumulated other comprehensive loss as of April 30, 2016, compared to July 31, 2015, was primarily due to the depreciation of the U.S. dollar against certain other currencies during the nine-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 $1,626 reclassified from accumulated other comprehensive loss, the $106 gain on cash flow hedges was reclassified into cost of products sold, and the $1,520 gain on post-retirement plans was reclassified into SG&A on the condensed consolidated statement of earnings for the nine months ended April 30, 2016.

The following table illustrates the income tax expense on the components of other comprehensive loss for the three and nine months ended April 30, 2017 and 2016:

	Three months ended April 30,						Nine months ended April 30,
	2017			2016			2017			2016
Income tax benefit (expense) related to items of other comprehensive income (loss):
Net investment hedge translation adjustments	$	752		$	1,456		$	(1,373	)	$	75
Cash flow hedges	90			(126		)	(46		)	428
Pension and other post-retirement benefits	—			25			—			27
Other income tax adjustments and currency translation	(21		)	(42		)	39			(52		)
Income tax benefit (expense) related to items of other comprehensive income (loss)	$	821		$	1,313		$	(1,380	)	$	478