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Accumulated Other Comprehensive Loss (Notes)
9 Months Ended
Apr. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss Disclosure Accumulated Other Comprehensive Loss
Other comprehensive loss consists of foreign currency translation adjustments, 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 nine months ended April 30, 2023:
Unrealized gain on cash flow hedgesUnamortized gain on post-retirement plansForeign currency translation adjustmentsAccumulated other comprehensive loss
Beginning balance, July 31, 2022$954 $1,436 $(111,467)$(109,077)
Other comprehensive income before reclassification1,966 — 12,985 14,951 
Amounts reclassified from accumulated other comprehensive loss(946)(329)— (1,275)
Ending balance, April 30, 2023$1,974 $1,107 $(98,482)$(95,401)
The decrease in accumulated other comprehensive loss as of April 30, 2023 compared to July 31, 2022 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.
The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 2022 were as follows:
Unrealized gain on cash flow hedgesUnamortized gain on post-retirement plansForeign currency translation adjustmentsAccumulated other comprehensive loss
Beginning balance, July 31, 2021$729 $1,888 $(58,570)$(55,953)
Other comprehensive income (loss) before reclassification307 (59)(42,408)(42,160)
Amounts reclassified from accumulated other comprehensive loss(486)(289)— (775)
Ending balance, April 30, 2022$550 $1,540 $(100,978)$(98,888)
The increase in accumulated other comprehensive loss as of April 30, 2022 compared to July 31, 2021, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the nine-month period.
Of the amounts reclassified from accumulated other comprehensive loss during the nine months ended April 30, 2023 and 2022, unrealized gains on cash flow hedges were reclassified to "Cost of goods sold" and unamortized gains 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 (expense) benefit on the components of other comprehensive (loss) income for the three and nine months ended April 30, 2023 and 2022:
Three months ended April 30,Nine months ended April 30,
2023202220232022
Income tax (expense) benefit related to items of other comprehensive (loss) income:
Cash flow hedges$(8)$(15)$116 $(206)
Pension and other post-retirement benefits— (3)(62)12 
Other income tax adjustments and currency translation— (87)— 346 
Income tax (expense) benefit related to items of other comprehensive (loss) income$(8)$(105)$54 $152