Quarterly report pursuant to Section 13 or 15(d)

Comprehensive (Loss) Income (Tables)

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

 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
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 income
(83.1
)
 
(0.2
)
 
(83.3
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(8.5
)
 
2.4

 
(6.1
)
Reclassification adjustments
1.0

 
(0.7
)
 
0.3

Net loss recognized in other comprehensive income
(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 income
(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 income
1.0

 
(0.2
)
 
0.8

Other comprehensive loss
$
(91.9
)
 
$
1.3

 
(90.6
)
Total comprehensive loss
 
 
 
 
$
(18.6
)
 
 
 
 
 
 
For the Three Months Ended May 31, 2011
 
 
 
 
 
Net income
 
 
 
 
$
74.5

Other comprehensive income (loss):
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
39.3

 
$
(0.8
)
 
38.5

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
39.3

 
(0.8
)
 
38.5

Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(5.4
)
 
3.4

 
(2.0
)
Reclassification adjustments
(2.0
)
 
0.4

 
(1.6
)
Net loss recognized in other comprehensive income
(7.4
)
 
3.8

 
(3.6
)
Other comprehensive income
$
31.9

 
$
3.0

 
34.9

Total comprehensive income
 
 
 
 
$
109.4

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
(83.3
)
 
(5.8
)
 
(2.3
)
 
0.8

 
(90.6
)
Balance, May 31, 2012
$
124.5

 
$
(26.3
)
 
$
(1.3
)
 
$
(13.8
)
 
$
83.1