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Other Comprehensive Income Other Comprehensive Income (Notes)
12 Months Ended
Jul. 31, 2017
Statement of Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
Other Comprehensive Income (Loss)
Other comprehensive income (loss) consists of foreign currency translation adjustments, net investment hedge and long-term intercompany loan translation adjustments, net unrealized gains and losses from cash flow hedges, and the unamortized gain on defined-benefit pension plans net of their related tax effects.
The following table illustrates the changes in the balances of each component of accumulated other comprehensive income (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
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
120

 
(1,647
)
 

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

 
$
(56,124
)
 
$
(54,745
)
Other comprehensive income before reclassification
670

 
867

 
8,713

 
10,250

Amounts reclassified from accumulated other comprehensive loss
296

 
(483
)
 

 
(187
)
Ending balance, July 31, 2017
$
109

 
$
2,620

 
$
(47,411
)
 
$
(44,682
)

The decrease in accumulated other comprehensive loss as of July 31, 2017, compared to July 31, 2016, was primarily due to the depreciation of the U.S. dollar against certain other currencies during the fiscal year. 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 $187 reclassified from AOCI, $296 loss on cash flow hedges was reclassified into cost of products sold, and the $483 net gain on post-retirement plans was reclassified into SG&A on the Consolidated Statement of Earnings in fiscal 2017.
The following table illustrates the income tax benefit (expense) on the components of other comprehensive income (loss):
 
 
2017
 
2016
 
2015
Income tax benefit (expense) related to items of other comprehensive income (loss):
 
 
 
 
 
 
Net investment hedge translation adjustments
 
$
1,170

 
$
(1,804
)
 
$
(8,450
)
Cash flow hedges
 
705

 
192

 
(308
)
Pension and other post-retirement benefits
 
(4
)
 
738

 
949

Other income tax adjustments
 
550

 
(2,154
)
 
(415
)
Income tax benefit (expense) related to items of other comprehensive income (loss)
 
$
2,421

 
$
(3,028
)
 
$
(8,224
)