Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Tables)

v2.4.0.8
Comprehensive Income (Tables)
 3 Months Ended
May 31, 2013
Equity [Abstract]  
Reconciliation of net income to comprehensive income (loss)
The reconciliation of net income to comprehensive income (loss) is as follows:
 
Before Tax
Amount
 
Tax (Expense)Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended May 31, 2013
 
 
 
 
 
Net income
 
 
 
 
$
52.9

Other comprehensive (loss) income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(22.3
)
 
$
(0.5
)
 
(22.8
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(22.3
)
 
(0.5
)
 
(22.8
)
Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative losses
—

 
(0.5
)
 
(0.5
)
Reclassification adjustments
1.5

 
(0.7
)
 
0.8

Net gain recognized in other comprehensive loss
1.5

 
(1.2
)
 
0.3

Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(1.2
)
 
(0.1
)
 
(1.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(1.2
)
 
(0.1
)
 
(1.3
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.2

 
(0.1
)
 
0.1

Reclassification adjustments
0.3

 
(0.1
)
 
0.2

Net gain recognized in other comprehensive loss
0.5

 
(0.2
)
 
0.3

Other comprehensive loss
$
(21.5
)
 
$
(2.0
)
 
(23.5
)
Total comprehensive income
 
 
 
 
$
29.4

 
 
 
 
 
 
For the Three Months Ended May 31, 2012
 
 
 
 
 
Net income
 
 
 
 
$
72.0

Other comprehensive (loss) income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(83.1
)
 
$
(0.2
)
 
(83.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(83.1
)
 
(0.2
)
 
(83.3
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(8.6
)
 
2.4

 
(6.2
)
Reclassification adjustments
1.1

 
(0.7
)
 
0.4

Net loss recognized in other comprehensive loss
(7.5
)
 
1.7

 
(5.8
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(2.3
)
 
—

 
(2.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(2.3
)
 
—

 
(2.3
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.8

 
(0.2
)
 
0.6

Reclassification adjustments
0.2

 
—

 
0.2

Net gain recognized in other comprehensive loss
1.0

 
(0.2
)
 
0.8

Other comprehensive loss
$
(91.9
)
 
$
1.3

 
(90.6
)
Total comprehensive loss
 
 
 
 
$
(18.6
)

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
Derivative Instruments
 
Net
Unrealized
Gains (Losses)
on AFS Debt
Securities
 
Pension/
Postretirement
Adjustments
 
Accumulated
Other
Comprehensive
Income
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 28, 2013
$
170.4

 
$
(20.2
)
 
$
1.4

 
$
(19.5
)
 
$
132.1

Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income before reclassification adjustments
(22.8
)
 
(0.5
)
 
(1.3
)
 
0.1

 
(24.5
)
Amounts reclassified from accumulated other comprehensive income
—

 
0.8

 
—

 
0.2

 
1.0

Other comprehensive (loss) income
(22.8
)
 
0.3

 
(1.3
)
 
0.3

 
(23.5
)
Balance, May 31, 2013
$
147.6

 
$
(19.9
)
 
$
0.1

 
$
(19.2
)
 
$
108.6