| Accumulated Other Comprehensive Loss |
Note 11. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss for the three months ended April 30, 2026 and 2025 were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustment | | Pension Benefits | | Derivative Financial Instruments | | Total | | | Balance as of January 31, 2026, net of tax | $ | (64.4) | | | $ | (76.8) | | | $ | (2.6) | | | $ | (143.8) | | | | Other comprehensive (loss) income before reclassifications and tax | (12.2) | | | — | | | 1.1 | | | (11.1) | | | | Tax expense | — | | | — | | | (0.3) | | | (0.3) | | | | Other comprehensive (loss) income before reclassifications, net of tax | (12.2) | | | — | | | 0.8 | | | (11.4) | | | | | | | | | | | | | Reclassifications, before tax | — | | | 4.2 | | (1) | 0.4 | | | 4.6 | | | | Tax expense | — | | | (0.9) | | | (0.1) | | | (1.0) | | | | Reclassifications, net of tax | — | | | 3.3 | | | 0.3 | | (2) | 3.6 | | | | Other comprehensive (loss) income, net of tax | (12.2) | | | 3.3 | | | 1.1 | | | (7.8) | | | | Balance as of April 30, 2026, net of tax | $ | (76.6) | | | $ | (73.5) | | | $ | (1.5) | | | $ | (151.6) | | | | | | | | | | | | | Balance as of January 31, 2025, net of tax | $ | (162.8) | | | $ | (67.6) | | | $ | 7.4 | | | $ | (223.0) | | | Other comprehensive income (loss) before reclassifications and tax | 54.1 | | | — | | | (5.9) | | | 48.2 | | | Tax benefit | — | | | — | | | 1.4 | | | 1.4 | | | Other comprehensive income (loss) before reclassifications, net of tax | 54.1 | | | — | | | (4.5) | | | 49.6 | | | | | | | | | | | | | Reclassifications, before tax | — | | | (1.3) | | (1) | (2.0) | | | (3.3) | | | Tax benefit | — | | | 0.4 | | | 0.5 | | | 0.9 | | | | Reclassifications, net of tax | — | | | (0.9) | | | (1.5) | | (2) | (2.4) | | | Other comprehensive income (loss), net of tax | 54.1 | | | (0.9) | | | (6.0) | | | 47.2 | | | | Balance as of April 30, 2025, net of tax | $ | (108.7) | | | $ | (68.5) | | | $ | 1.4 | | | $ | (175.8) | | |
(1)Amounts include foreign currency translation loss of $0.5 million and foreign currency translation gain of $1.9 million, net amortization of prior service costs and actuarial losses of $0.4 million and $0.6 million and reclassifications due to settlement charges of $3.3 million and $0.0 million in fiscal 2026 and 2025, respectively, included in other income, net in the Condensed Consolidated Statements of Earnings, see Note 13. (2)Relates to designated foreign currency forward contracts that were reclassified from accumulated other comprehensive income (loss) on the Condensed Consolidated Balance Sheets to net sales, cost of sales and selling, general and administrative expenses or other income, net in the Condensed Consolidated Statements of Earnings, see Note 14. Changes in accumulated other comprehensive loss for the nine months ended April 30, 2026 and 2025 were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustment | | Pension Benefits | | Derivative Financial Instruments | | Total | | | Balance as of July 31, 2025, net of tax | $ | (104.2) | | | $ | (76.6) | | | $ | 0.1 | | | $ | (180.7) | | | | Other comprehensive income (loss) before reclassifications and tax | 27.6 | | | — | | | (1.7) | | | 25.9 | | | | Tax benefit | — | | | — | | | 0.3 | | | 0.3 | | | | Other comprehensive income (loss) before reclassifications, net of tax | 27.6 | | | — | | | (1.4) | | | 26.2 | | | | | | | | | | | | | Reclassifications, before tax | — | | | 4.0 | | (1) | (0.3) | | | 3.7 | | | | Tax (expense) benefit | — | | | (0.9) | | | 0.1 | | | (0.8) | | | | Reclassifications, net of tax | — | | | 3.1 | | | (0.2) | | (2) | 2.9 | | | | Other comprehensive income (loss), net of tax | 27.6 | | | 3.1 | | | (1.6) | | | 29.1 | | | | Balance at April 30, 2026, net of tax | $ | (76.6) | | | $ | (73.5) | | | $ | (1.5) | | | $ | (151.6) | | | | | | | | | | | | | 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 | 25.1 | | | — | | | (4.4) | | | 20.7 | | | Tax benefit | — | | | — | | | 0.9 | | | 0.9 | | | Other comprehensive income (loss) before reclassifications, net of tax | 25.1 | | | — | | | (3.5) | | | 21.6 | | | | | | | | | | | | | Reclassifications, before tax | — | | | 0.7 | | (1) | 1.1 | | | 1.8 | | | Tax expense | — | | | (0.1) | | | (0.2) | | | (0.3) | | | | Reclassifications, net of tax | — | | | 0.6 | | | 0.9 | | (2) | 1.5 | | | Other comprehensive income (loss), net of tax | 25.1 | | | 0.6 | | | (2.6) | | | 23.1 | | | | Balance at April 30, 2025, net of tax | $ | (108.7) | | | $ | (68.5) | | | $ | 1.4 | | | $ | (175.8) | | |
(1)Amounts include foreign currency translation gain of $0.6 million and gain of $1.1 million, net amortization of prior service costs and actuarial losses of $1.3 million and $1.8 million and reclassifications due to settlement charges of $3.3 million and $0.0 million in fiscal 2026 and 2025, respectively, included in other income, net in the Condensed Consolidated Statements of Earnings, see Note 13. (2)Relates to designated foreign currency forward contracts that were reclassified from accumulated other comprehensive income (loss) on the Condensed Consolidated Balance Sheets to net sales, cost of sales and selling, general and administrative expenses or other income, net in the Condensed Consolidated Statements of Earnings, see Note 14.
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