v3.26.1
Accumulated Other Comprehensive Loss (Notes)
9 Months Ended
Apr. 30, 2026
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 and losses from cash flow hedges, and the unamortized gain or loss 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, 2026:
Unrealized (loss) gain on cash flow hedgesUnamortized gain (loss) on post-retirement plansForeign currency translation adjustmentsAccumulated other comprehensive loss
Beginning balance, July 31, 2025$(394)$$(91,770)$(92,159)
Other comprehensive income before reclassification1,348 — 22,169 23,517 
Amounts reclassified from accumulated other comprehensive loss79 (454)— (375)
Ending balance, April 30, 2026$1,033 $(449)$(69,601)$(69,017)
The decrease in accumulated other comprehensive loss as of April 30, 2026 compared to July 31, 2025 was primarily due to the depreciation of the U.S. dollar against certain other currencies during the nine-month period.
The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 2025 were as follows:
Unrealized loss on cash flow hedgesUnamortized gain on post-retirement plansForeign currency translation adjustmentsAccumulated other comprehensive loss
Beginning balance, July 31, 2024$(149)$462 $(109,935)$(109,622)
Other comprehensive (loss) income before reclassification(716)— 16,902 16,186 
Amounts reclassified from accumulated other comprehensive loss156 (454)— (298)
Ending balance, April 30, 2025$(709)$$(93,033)$(93,734)
The decrease in accumulated other comprehensive loss as of April 30, 2025 compared to July 31, 2024 was primarily due to the depreciation of the U.S. dollar against certain other currencies during the nine-month period.
Of the amounts reclassified from accumulated other comprehensive loss during the nine months ended April 30, 2026 and 2025, unrealized gains or losses on cash flow hedges were reclassified to “Cost of goods sold” and unamortized gains or losses on post-retirement plans were reclassified into “Investment and other income (expense)” on the condensed consolidated statements of income.
The following table illustrates the income tax (expense) benefit on the components of other comprehensive loss for the three and nine months ended April 30, 2026 and 2025:
Three months ended April 30,Nine months ended April 30,
2026202520262025
Income tax (expense) benefit related to items of other comprehensive loss:
Cash flow hedges$(104)$297 $(82)$57