XML 98 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Apr. 30, 2014
Accumulated Other Comprehensive (Loss) Income [Abstract]  
Accumulated Other Comprehensive Income (Loss)

NOTE 14

ACCUMULATED OTHER COMPREHENSIVE LOSS 

On May 1, 2013, we adopted FASB ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. In accordance with ASU 2013-02, the components of accumulated other comprehensive loss, including the reclassification adjustments for items that are reclassified from accumulated other comprehensive loss to net income, are shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Foreign
Currency
Translation
Adjustment

 

 

Pension
and Other
Postretirement
Liabilities (A)

 

 

Unrealized
Gain on
Available-for-
Sale Securities (B)

 

 

Unrealized Gain
(Loss) on Cash
Flow Hedging
Derivatives (C)

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance at May 1, 2011

  

$

81.8

  

 

$

(86.0)

 

 

$

1.8

  

 

$

6.0

  

 

$

3.6

  

Reclassification adjustments

  

 

—  

  

 

 

11.2

  

 

 

—  

  

 

 

(1.6)

 

 

 

9.6

  

Current period (charge) credit

  

 

(14.8)

 

 

 

(84.3)

 

 

 

1.1

  

 

 

(38.0)

 

 

 

(136.0)

 

Income tax benefit (expense)

  

 

—  

  

 

 

24.8

  

 

 

(0.4)

 

 

 

14.4

  

 

 

38.8

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at April 30, 2012

  

$

67.0

  

 

$

(134.3)

 

 

$

2.5

  

 

$

(19.2)

 

 

$

(84.0)

 

Reclassification adjustments

  

 

—  

  

 

 

20.4

  

 

 

—  

  

 

 

40.1

  

 

 

60.5

  

Current period (charge) credit

  

 

(5.5)

 

 

 

(16.5)

 

 

 

3.1

  

 

 

(27.5)

 

 

 

(46.4)

 

Income tax expense

  

 

—  

  

 

 

(1.0)

 

 

 

(1.1)

 

 

 

(4.6)

 

 

 

(6.7)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at April 30, 2013

  

$

61.5

  

 

$

(131.4)

 

 

$

4.5

  

 

$

(11.2)

 

 

$

(76.6)

 

Reclassification adjustments

  

 

—  

  

 

 

13.3

  

 

 

(3.7)

 

 

 

20.9

  

 

 

30.5

  

Current period (charge) credit

  

 

(29.8)

 

 

 

31.4

  

 

 

1.9

  

 

 

21.0

  

 

 

24.5

  

Income tax (expense) benefit

  

 

—  

  

 

 

(15.3)

 

 

 

0.7

  

 

 

(15.4)

 

 

 

(30.0)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at April 30, 2014

  

$

31.7

  

 

$

(102.0)

 

 

$

3.4

  

 

$

15.3

  

 

$

(51.6)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)

Amortization of net losses was reclassified from accumulated other comprehensive loss to selling, distribution, and administrative expenses.

 

(B)

The gain on the sale of marketable securities was reclassified from accumulated other comprehensive loss to net other income at April 30, 2014.

 

(C)

Of the total reclassification adjustments from accumulated other comprehensive loss, $20.3 and $39.6 of expense and $1.9 of income was reclassified to cost of products sold related to commodity derivatives and $0.6, $0.5, and $0.3 was reclassified to interest expense related to the interest rate swap at April 30, 2014, 2013, and 2012, respectively.