v3.25.2
Accumulated Other Comprehensive Loss
12 Months Ended
Jul. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Note 12. Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss for the years ended July 31, 2025 and 2024 were as follows (in millions):
Foreign
Currency
Translation
Adjustment
Pension
Benefits
Derivative
Financial
Instruments
Total
Balance as of July 31, 2024, net of tax$(133.8)$(69.1)$4.0 $(198.9)
Other comprehensive income (loss) before reclassifications and tax
29.6 (11.1)(1)(5.5)13.0 
Tax benefit— 2.6 1.3 3.9 
Other comprehensive income (loss) before reclassifications, net of tax
29.6 (8.5)(4.2)16.9 
Reclassifications, before tax— 1.3 (2)0.4 1.7 
Tax expense— (0.3)(0.1)(0.4)
Reclassifications, net of tax— 1.0 0.3 (3)1.3 
Other comprehensive income (loss), net of tax
29.6 (7.5)(3.9)18.2 
Balance as of July 31, 2025, net of tax$(104.2)$(76.6)$0.1 $(180.7)
Balance as of July 31, 2023, net of tax$(109.6)$(67.2)$4.3 $(172.5)
Other comprehensive loss before reclassifications and tax
(24.2)(9.0)(1)(0.8)(34.0)
Tax benefit
— 2.3 0.2 2.5 
Other comprehensive loss before reclassifications, net of tax
(24.2)(6.7)(0.6)(31.5)
Reclassifications, before tax— 6.3 (2)0.3 6.6 
Tax expense
— (1.5)— (1.5)
Reclassifications, net of tax— 4.8 0.3 (3)5.1 
Other comprehensive loss, net of tax
(24.2)(1.9)(0.3)(26.4)
Balance as of July 31, 2024, net of tax$(133.8)$(69.1)$4.0 $(198.9)
(1)In fiscal 2024, pension settlement accounting was triggered. In addition, pension curtailment accounting was triggered in fiscal 2024. Remeasurements of the Company’s pension obligations resulted in an increase of $11.1 million and $9.0 million in fiscal 2025 and 2024, respectively, to accumulated other comprehensive loss on the Consolidated Balance Sheets, see Note 14.
(2)Amounts include reclassifications of $0.0 million and $4.8 million, a foreign currency translation gain of $0.9 million and loss of $0.1 million and net amortization of prior service costs and actuarial losses of $2.2 million and $1.4 million in fiscal 2025 and 2024, respectively. Amounts are included in other income, net in the Consolidated Statements of Earnings, see Note 14.
(3)Relates to designated foreign currency forward contracts that were reclassified from accumulated other comprehensive loss on the Consolidated Balance Sheets to net sales, cost of sales and operating expenses in the Consolidated Statements of Earnings, see Note 15.