Accumulated Other Comprehensive Loss (Notes)

6 Months Ended

Jan. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss Disclosure

Accumulated Other Comprehensive LossOther comprehensive loss consists of foreign currency translation adjustments which includes the settlements of net investment hedges, unrealized gains and losses from cash flow 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, 2022:

	Unrealized gain on cash flow hedges		Unamortized gain on post-retirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Beginning balance, July 31, 2021	$	729	$	1,888	$	(58,570)	$	(55,953)
Other comprehensive loss before reclassification	(142)		(60)		(22,141)		(22,343)
Amounts reclassified from accumulated other comprehensive loss	(453)		(190)		—		(643)
Ending balance, January 31, 2022	$	134	$	1,638	$	(80,711)	$	(78,939)

The increase in accumulated other comprehensive loss as of January 31, 2022 compared to July 31, 2021, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-month period.

The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2021, 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, 2020	$	(200)	$	2,181	$	(68,458)	$	(66,477)
Other comprehensive income (loss) before reclassification	1,215		(23)		13,585		14,777
Amounts reclassified from accumulated other comprehensive loss	203		36		—		239
Ending balance, January 31, 2021	$	1,218	$	2,194	$	(54,873)	$	(51,461)

The decrease in accumulated other comprehensive loss as of January 31, 2021, compared to July 31, 2020, was primarily due to the depreciation of the U.S. dollar against certain other currencies during the six-month period.

Of the amounts reclassified from accumulated other comprehensive loss during the six months ended January 31, 2022 and 2021, unrealized (gains) losses on cash flow hedges were reclassified to "Cost of goods sold" and unamortized (gains) losses on post-retirement plans were reclassified into "Investment and other income" on the condensed consolidated statements of income.

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, 2022 and 2021:

	Three months ended January 31,				Six months ended January 31,
	2022		2021		2022		2021
Income tax benefit (expense) related to items of other comprehensive (loss) income:
Cash flow hedges	$	(87)	$	47	$	(191)	$	(1)
Pension and other post-retirement benefits	15		6		15		246
Other income tax adjustments and currency translation	428		(1,304)		433		(1,297)
Income tax benefit (expense) related to items of other comprehensive (loss) income	$	356	$	(1,251)	$	257	$	(1,052)