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Accumulated Other Comprehensive Loss Other Comprehensive Income (Loss)
6 Months Ended
Jan. 31, 2020
Other Comprehensive Income (Loss), Tax [Abstract]  
Comprehensive Income (Loss) Note
NOTE G — Accumulated Other Comprehensive Loss
Other comprehensive loss consists of foreign currency translation adjustments which includes net investment hedges, 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 six months ended January 31, 2020:
 
Unrealized gain on
cash flow hedges
 
Unamortized gain on post-retirement plans
 
Foreign currency translation adjustments
 
Accumulated other comprehensive loss
Beginning balance, July 31, 2019
$
707

 
$
2,800

 
$
(74,761
)
 
$
(71,254
)
Other comprehensive income (loss) before reclassification
468

 
(216
)
 
(913
)
 
(661
)
Amounts reclassified from accumulated other comprehensive loss
(365
)
 
(210
)
 

 
(575
)
Ending balance, January 31, 2020
$
810

 
$
2,374

 
$
(75,674
)
 
$
(72,490
)

The increase in accumulated other comprehensive loss as of January 31, 2020, compared to July 31, 2019, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-month period. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation and the settlements of net investment hedges, net of tax. Of the total $575 in amounts reclassified from accumulated other comprehensive loss, the $365 gain on cash flow hedges was reclassified into cost of goods sold, and the $210 gain on post-retirement plans was reclassified into investment and other income on the condensed consolidated statements of income for the six months ended January 31, 2020.
The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2019, were as follows:
 
Unrealized gain on
cash flow hedges
 
Unamortized gain on post-retirement plans
 
Foreign currency translation adjustments
 
Accumulated other comprehensive loss
Beginning balance, July 31, 2018
$
863

 
$
3,302

 
$
(60,566
)
 
$
(56,401
)
Other comprehensive income (loss) before reclassification
47

 
(169
)
 
(3,528
)
 
(3,650
)
Amounts reclassified from accumulated other comprehensive loss
(215
)
 
(299
)
 

 
(514
)
Ending balance, January 31, 2019
$
695

 
$
2,834

 
$
(64,094
)
 
$
(60,565
)

The increase in accumulated other comprehensive loss as of January 31, 2019, compared to July 31, 2018, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-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. Of the total $514 in amounts reclassified from accumulated other comprehensive loss, the $215 gain on cash flow hedges was reclassified into cost of goods sold, and the $299 gain on post-retirement plans was reclassified into “Investment and other income” on the condensed consolidated statements of income for the six months ended January 31, 2019.
The following table illustrates the income tax expense on the components of other comprehensive loss for the three and six months ended January 31, 2020 and 2019:
 
Three months ended January 31,
 
Six months ended January 31,
 
2020
 
2019
 
2020
 
2019
Income tax (expense) benefit related to items of other comprehensive (loss) income:
 
 
 
 
 
 
 
Cash flow hedges
$
(5
)
 
$
61

 
$
30

 
$
(38
)
Pension and other post-retirement benefits
93

 

 
93

 

Other income tax adjustments and currency translation
(130
)
 
135

 
46

 
(224
)
Income tax (expense) benefit related to items of other comprehensive (loss) income
$
(42
)
 
$
196

 
$
169

 
$
(262
)