v3.24.1.1.u2
Accumulated Other Comprehensive Loss (Notes)
9 Months Ended
Apr. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss Disclosure Accumulated Other Comprehensive Loss
Other comprehensive loss consists of foreign currency translation adjustments, which includes net investment hedges and long-term intercompany loan translation adjustments, unrealized gains 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 nine months ended April 30, 2024:
Unrealized gain on cash flow hedgesUnamortized gain on post-retirement plansForeign currency translation adjustmentsAccumulated other comprehensive loss
Beginning balance, July 31, 2023$1,641 $756 $(95,458)$(93,061)
Other comprehensive income (loss) before reclassification702 — (12,310)(11,608)
Amounts reclassified from accumulated other comprehensive loss(1,284)(454)— (1,738)
Ending balance, April 30, 2024$1,059 $302 $(107,768)$(106,407)
The increase in accumulated other comprehensive loss as of April 30, 2024 compared to July 31, 2023 was primarily due to the appreciation of the U.S. dollar against certain other currencies during the nine-month period.
The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 2023 were as follows:
Unrealized gain on cash flow hedgesUnamortized gain on post-retirement plansForeign currency translation adjustmentsAccumulated other comprehensive loss
Beginning balance, July 31, 2022$954 $1,436 $(111,467)$(109,077)
Other comprehensive income before reclassification1,966 — 12,985 14,951 
Amounts reclassified from accumulated other comprehensive loss(946)(329)— (1,275)
Ending balance, April 30, 2023$1,974 $1,107 $(98,482)$(95,401)
The decrease in accumulated other comprehensive loss as of April 30, 2023 compared to July 31, 2022 was primarily due to the depreciation of the U.S. dollar against certain other currencies during the nine-month period.
Of the amounts reclassified from accumulated other comprehensive loss during the nine months ended April 30, 2024 and 2023, unrealized gains on cash flow hedges were reclassified to "Cost of goods sold" and unamortized gains on post-retirement plans were reclassified into "Investment and other income" on the condensed consolidated statements of income.
The following table illustrates the income tax (expense) benefit on the components of other comprehensive (loss) income for the three and nine months ended April 30, 2024 and 2023:
Three months ended April 30,Nine months ended April 30,
2024202320242023
Income tax (expense) benefit related to items of other comprehensive (loss) income:
Cash flow hedges$(51)$(8)$(106)$116 
Pension and other post-retirement benefits— — — (62)
Income tax (expense) benefit related to items of other comprehensive (loss) income$(51)$(8)$(106)$54