Other Comprehensive Income

9 Months Ended

Jul. 31, 2014

Other Comprehensive Income Items

Other Comprehensive Income Items

(3) The after-tax changes in accumulated other comprehensive income (loss) were as follows (in millions of dollars):

	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Total Accumulated Other Comprehensive Income (Loss)
Balance October 31, 2013	$      39.5		$      (3.9	)	$      35.6
Other comprehensive income (loss) items before reclassification	(1.4	)	(4.5	)	(5.9	)
Amounts reclassified from accumulated other comprehensive income			8.7		8.7
Net current period other comprehensive income (loss)	(1.4	)	4.2		2.8
Balance July 31, 2014	$      38.1		$         .3		$      38.4

Following are amounts recorded in and reclassifications out of other comprehensive income (loss) and the income tax effects (in millions of dollars):

Three Months Ended July 31, 2014	Before Tax Amount			Tax (Expense) Credit			After Tax Amount
Cumulative translation adjustment	$	(2.1	)				$	(2.1	)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain	.8			$	(.3	)	.5
Reclassification of realized loss to:
Interest rate contracts  – Interest expense	2.0			(.7		)	1.3
Net unrealized gain on derivatives	2.8			(1.0		)	1.8
Total other comprehensive income (loss)	$	.7		$	(1.0	)	$	(.3	)
Three Months Ended July 31, 2013
Cumulative translation adjustment	$	(9.4	)				$	(9.4	)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain	10.6			$	(3.7	)	6.9
Reclassification of realized (gain) loss to:
Interest rate contracts  – Interest expense	4.6			(1.6		)	3.0
Foreign exchange contracts  – Administrative and operating expenses	(10.6		)	3.7			(6.9		)
Net unrealized gain on derivatives	4.6			(1.6		)	3.0
Total other comprehensive income (loss)	$	(4.8	)	$	(1.6	)	$	(6.4	)
Nine Months Ended July 31, 2014
Cumulative translation adjustment	$	(1.4	)				$	(1.4	)
Unrealized gain (loss) on derivatives:
Unrealized hedging (loss)	(6.9		)	$	2.4		(4.5		)
Reclassification of realized loss to:
Interest rate contracts  – Interest expense	7.9			(2.8		)	5.1
Foreign exchange contracts  – Administrative and operating expenses	5.5			(1.9		)	3.6
Net unrealized gain on derivatives	6.5			(2.3		)	4.2
Total other comprehensive income (loss)	$	5.1		$	(2.3	)	$	2.8
Nine Months Ended July 31, 2013
Cumulative translation adjustment	$	(10.7	)				$	(10.7	)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain	13.3			$	(4.6	)	8.7
Reclassification of realized (gain) loss to:
Interest rate contracts  – Interest expense	13.7			(4.8		)	8.9
Foreign exchange contracts  – Administrative and operating expenses	(16.4		)	5.7			(10.7		)
Net unrealized gain on derivatives	10.6			(3.7		)	6.9
Total other comprehensive income (loss)	$	(.1	)	$	(3.7	)	$	(3.8	)