Accumulated Other Comprehensive Loss

3 Months Ended

Oct. 31, 2015

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

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component are as follows (millions of dollars):

	Foreign currency translation adjustment (a)			Pension benefits				Derivative financial instruments				Total
Balance as of July 31, 2015, net of tax	$	(70.8	)	$	(90.6	)		$	(0.6	)		$	(162.0	)
Other comprehensive (loss) income before reclassifications and tax	(10.6		)	(9.1		)		(1.2		)		(20.9		)
Tax benefit (expense)	—			3.4				0.4				3.8
Other comprehensive (loss) income before reclassifications, net of tax	$	(10.6	)	$	(5.7	)		$	(0.8	)		(17.1		)
Reclassifications, before tax	—			6.9				0.3				7.2			(d)
Tax benefit (expense)	—			(2.2		)		(0.1		)		(2.3		)
Reclassifications, net of tax	—			4.7			(b)	0.2			(c)	4.9
Other comprehensive (loss) income, net of tax	(10.6		)	(1.0		)		(0.6		)		(12.2		)
Balance at October 31, 2015, net of tax	$	(81.4	)	$	(91.6	)		$	(1.2	)		$	(174.2	)
Balance as of July 31, 2014, net of tax	$	48.3		$	(94.0	)		$	(0.1	)		$	(45.8	)
Other comprehensive (loss) income before reclassifications and tax	(42.8		)	3.2				1.6				(38.0		)
Tax benefit (expense)	—			(0.6		)		(0.6		)		(1.2		)
Other comprehensive (loss) income before reclassifications, net of tax	$	(42.8	)	$	2.6			$	1.0			(39.2		)
Reclassifications, before tax	—			2.0				—				2.0			(d)
Tax benefit (expense)	—			0.3				—				0.3
Reclassifications, net of tax	—			2.3			(b)	—			(c)	2.3
Other comprehensive (loss) income, net of tax	(42.8		)	4.9				1.0				(36.9		)
Balance at October 31, 2014, net of tax	$	5.5		$	(89.1	)		$	0.9			$	(82.7	)

(a) Taxes are not provided on cumulative translation adjustments as substantially all translation adjustments relate to earnings that are intended to be indefinitely reinvested outside the U.S.

(b) Primarily includes net amortization of prior service costs and actuarial losses included in net periodic benefit cost (see Note K) that were reclassified from accumulated other comprehensive loss to operating expenses or cost of sales.

(c) Relates to foreign currency cash flow hedges that were reclassified from accumulated other comprehensive loss to other income, net (see Note L).

(d) Reclassification adjustments out of accumulated other comprehensive income for the three months ended October 31, 2015 and 2014, were not material.