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Other Comprehensive Income Other Comprehensive Income (Loss)
6 Months Ended
Jan. 31, 2019
Other Comprehensive Income (Loss), Tax [Abstract]  
Comprehensive Income (Loss) Note
NOTE F — 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, 2019:
 
Unrealized gain on cash flow hedges
 
Unamortized gain on post-retirement plans
 
Foreign currency translation adjustments
 
Accumulated other comprehensive loss
Beginning balance, July 31, 2018
$
863

 
$
3,302

 
$
(60,566
)
 
$
(56,401
)
Other comprehensive income (loss) before reclassification
47

 
(169
)
 
(3,528
)
 
(3,650
)
Amounts reclassified from accumulated other comprehensive loss
(215
)
 
(299
)
 

 
(514
)
Ending balance, January 31, 2019
$
695

 
$
2,834

 
$
(64,094
)
 
$
(60,565
)

The increase in accumulated other comprehensive loss as of January 31, 2019, compared to July 31, 2018, 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, including foreign currency translation on long-term intercompany notes and net investment hedges, net of tax. Of the total $514 in amounts reclassified from accumulated other comprehensive loss, the $215 gain on cash flow hedges was reclassified into cost of products sold, and the $299 gain on post-retirement plans was reclassified into investment and other income on the condensed consolidated statement of earnings for the six months ended January 31, 2019.
The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2018, were as follows:
 
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, 2017
$
109

 
$
2,620

 
$
(47,411
)
 
$
(44,682
)
Other comprehensive (loss) income before reclassification
(598
)
 
382

 
9,953

 
9,737

Amounts reclassified from accumulated other comprehensive loss
126

 
(271
)
 

 
(145
)
Ending balance, January 31, 2018
$
(363
)
 
$
2,731

 
$
(37,458
)
 
$
(35,090
)

The decrease in accumulated other comprehensive loss as of January 31, 2018, compared to July 31, 2017, was primarily due to the appreciation of certain other currencies against the U.S. dollar during the six-month period. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, including foreign currency translation on long-term intercompany notes and net investment hedges, net of tax. Of the total $145 in amounts reclassified from accumulated other comprehensive loss, the $126 loss on cash flow hedges was reclassified into cost of products sold, and the $271 gain on post-retirement plans was reclassified into selling, general and administrative expenses on the condensed consolidated statement of earnings for the six months ended January 31, 2018.
The following table illustrates the income tax benefit (expense) on the components of other comprehensive (loss) income for the three and six months ended January 31, 2019 and 2018:
 
Three months ended January 31,
 
Six months ended January 31,
 
2019
 
2018
 
2019
 
2018
Income tax benefit (expense) related to items of other comprehensive income (loss):
 
 
 
 
 
 
 
Cash flow hedges
$
61

 
$
78

 
$
(38
)
 
$
(117
)
Pension and other post-retirement benefits

 
(209
)
 

 
(209
)
Other income tax adjustments and currency translation
135

 
958

 
(224
)
 
668

Income tax benefit (expense) related to items of other comprehensive income (loss)
$
196

 
$
827

 
$
(262
)
 
$
342