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Accumulated Other Comprehensive Income Loss
3 Months Ended
Jul. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 14: Accumulated Other Comprehensive Loss

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

 

 

Unrealized
Gain on Cash
Flow Hedging
Derivatives 
(A)

 

 

Pension and
Other
Postretirement
Liabilities
(B)

 

 

Unrealized Gain
on Available-
for-Sale
Securities

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance at May 1, 2014

 

$

31.7

  

 

$

15.3

  

 

$

(102.0)

 

 

$

3.4

  

 

$

(51.6)

 

Reclassification adjustments

 

 

—  

  

 

 

(6.9)

 

 

 

2.2

  

 

 

—  

  

 

 

(4.7)

 

Current period (charge) credit

 

 

(2.8)

 

 

 

—  

  

 

 

—  

  

 

 

0.7

  

 

 

(2.1)

 

Income tax benefit (expense)

 

 

—  

  

 

 

2.6

  

 

 

(0.8)

 

 

 

(0.3)

 

 

 

1.5

  

Balance at July 31, 2014

 

$

28.9

  

 

$

11.0

  

 

$

(100.6)

 

 

$

3.8

  

 

$

(56.9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

Foreign
Currency
Translation
Adjustment

 

 

Unrealized
Loss on Cash
Flow Hedging
Derivatives 
(A)

 

 

Pension and
Other
Postretirement
Liabilities
(B)

 

 

Unrealized Gain
on Available-
for-Sale
Securities

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance at May 1, 2013

 

$

61.5

  

 

$

(11.2)

 

 

$

(131.4)

 

 

$

4.5

  

 

$

(76.6)

 

Reclassification adjustments

 

 

—  

  

 

 

8.9

  

 

 

3.0

  

 

 

—  

  

 

 

11.9

  

Current period charge

 

 

(6.0)

 

 

 

(6.0)

 

 

 

—  

  

 

 

(0.8)

 

 

 

(12.8)

 

Income tax (expense) benefit

 

 

—  

  

 

 

(1.0)

 

 

 

(1.1)

 

 

 

0.3

  

 

 

(1.8)

 

Balance at July 31, 2013

 

$

55.5

  

 

$

(9.3)

 

 

$

(129.5)

 

 

$

4.0

  

 

$

(79.3)

 

 

 

(A)

Of the total losses reclassified from accumulated other comprehensive loss, $7.0 of income and $8.8 of expense was reclassified to cost of products sold related to commodity derivatives for the three months ended July 31, 2014 and 2013, respectively. Of the total losses reclassified from accumulated other comprehensive loss, $0.1 of expense was reclassified to interest expense related to the terminated interest rate swap for the three months ended July 31, 2014 and 2013.

 

 

(B)

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