Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Tables)

v2.4.0.6
Comprehensive Income (Tables)
 6 Months Ended
Aug. 31, 2012
Equity [Abstract]  
Reconciliation of net income to comprehensive (loss) income
The reconciliation of net income to comprehensive income is as follows:

 
Before Tax
Amount
 
Tax Benefit
(Expense)
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Six Months Ended August 31, 2012
 
 
 
 
 
Net income
 
 
 
 
$
196.6

Other comprehensive (loss) income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(12.4
)
 
$
3.5

 
(8.9
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(12.4
)
 
3.5

 
(8.9
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(12.6
)
 
4.6

 
(8.0
)
Reclassification adjustments
2.1

 
(1.4
)
 
0.7

Net loss recognized in other comprehensive loss
(10.5
)
 
3.2

 
(7.3
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
—

 
(0.1
)
 
(0.1
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
—

 
(0.1
)
 
(0.1
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.1
)
 
0.1

 
—

Reclassification adjustments
0.4

 
(0.1
)
 
0.3

Net gain recognized in other comprehensive loss
0.3

 
—

 
0.3

Other comprehensive loss
$
(22.6
)
 
$
6.6

 
(16.0
)
Total comprehensive income
 
 
 
 
$
180.6

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax Benefit
(Expense)
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Six Months Ended August 31, 2011
 
 
 
 
 
Net income
 
 
 
 
$
237.2

Other comprehensive income (loss):
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
42.0

 
$
(0.5
)
 
41.5

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
42.0

 
(0.5
)
 
41.5

Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(19.6
)
 
10.2

 
(9.4
)
Reclassification adjustments
(5.1
)
 
1.0

 
(4.1
)
Net loss recognized in other comprehensive income
(24.7
)
 
11.2

 
(13.5
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.2
)
 
—

 
(0.2
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive income
(0.2
)
 
—

 
(0.2
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
—

 
—

 
—

Reclassification adjustments
0.2

 
—

 
0.2

Net gain recognized in other comprehensive income
0.2

 
—

 
0.2

Other comprehensive income
$
17.3

 
$
10.7

 
28.0

Total comprehensive income
 
 
 
 
$
265.2

 
 
 
 
 
 
For the Three Months Ended August 31, 2012
 
 
 
 
 
Net income
 
 
 
 
$
124.6

Other comprehensive income (loss):
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
70.7

 
$
3.7

 
74.4

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
70.7

 
3.7

 
74.4

Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(4.1
)
 
2.2

 
(1.9
)
Reclassification adjustments
1.1

 
(0.7
)
 
0.4

Net loss recognized in other comprehensive income
(3.0
)
 
1.5

 
(1.5
)
Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
2.3

 
(0.1
)
 
2.2

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
2.3

 
(0.1
)
 
2.2

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.9
)
 
0.3

 
(0.6
)
Reclassification adjustments
0.2

 
(0.1
)
 
0.1

Net loss recognized in other comprehensive income
(0.7
)
 
0.2

 
(0.5
)
Other comprehensive income
$
69.3

 
$
5.3

 
74.6

Total comprehensive income
 
 
 
 
$
199.2

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax Benefit
(Expense)
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended August 31, 2011
 
 
 
 
 
Net income
 
 
 
 
$
162.7

Other comprehensive income (loss):
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
2.7

 
$
0.3

 
3.0

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
2.7

 
0.3

 
3.0

Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(14.2
)
 
6.8

 
(7.4
)
Reclassification adjustments
(3.1
)
 
0.6

 
(2.5
)
Net loss recognized in other comprehensive loss
(17.3
)
 
7.4

 
(9.9
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.2
)
 
—

 
(0.2
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.2
)
 
—

 
(0.2
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
—

 
—

 
—

Reclassification adjustments
0.2

 
—

 
0.2

Net gain recognized in other comprehensive loss
0.2

 
—

 
0.2

Other comprehensive loss
$
(14.6
)
 
$
7.7

 
(6.9
)
Total comprehensive income
 
 
 
 
$
155.8


Ac
Accumulated other comprehensive income, net of income tax effect
Accumulated other comprehensive income (“AOCI”), net of income tax effect, includes the following components:

 
Foreign
Currency
Translation
Adjustments
 
Net
Unrealized
Losses on
Derivatives
 
Net
Unrealized
Gains (Losses)
on AFS Debt
Securities
 
Pension/
Postretirement
Adjustments
 
Accumulated
Other
Comprehensive
Income
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 29, 2012
$
207.8

 
$
(20.5
)
 
$
1.0

 
$
(14.6
)
 
$
173.7

Current period change
(8.9
)
 
(7.3
)
 
(0.1
)
 
0.3

 
(16.0
)
Balance, August 31, 2012
$
198.9

 
$
(27.8
)
 
$
0.9

 
$
(14.3
)
 
$
157.7