Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss)

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Comprehensive Income (Loss)
3 Months Ended
May 31, 2011
Accumulated Other Comprehensive (Loss) Income [Abstract]  
COMPREHENSIVE INCOME (LOSS)
14.   COMPREHENSIVE INCOME (LOSS):
          Comprehensive income (loss) consists of net income, foreign currency translation adjustments, net unrealized (losses) gains on derivative instruments and pension/postretirement adjustments. The reconciliation of net income to comprehensive income (loss) is as follows:
                         
    Before Tax     Tax (Expense)     Net of Tax  
    Amount     Benefit     Amount  
(in millions)                        
For the Three Months Ended May 31, 2011
                       
Net income
                  $ 74.5  
Other comprehensive income (loss):
                       
Foreign currency translation adjustments
  $ 39.3     $ (0.8 )     38.5  
Net 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  
 
                     
 
                       
For the Three Months Ended May 31, 2010
                       
Net income
                  $ 49.1  
Other comprehensive (loss) income:
                       
Foreign currency translation adjustments
  $ (51.1 )   $ (4.1 )     (55.2 )
Net unrealized loss on cash flow hedges:
                       
Net derivative losses
    (5.0 )     0.6       (4.4 )
Reclassification adjustments
    (8.0 )     1.9       (6.1 )
 
                 
Net loss recognized in other comprehensive income
    (13.0 )     2.5       (10.5 )
Pension/postretirement adjustments:
                       
Net gains arising during the period
    6.0       (1.7 )     4.3  
Reclassification adjustments
    2.4       (0.7 )     1.7  
 
                 
Net gain recognized in other comprehensive income
    8.4       (2.4 )     6.0  
 
                 
Other comprehensive loss
  $ (55.7 )   $ (4.0 )     (59.7 )
 
                 
Total comprehensive loss
                  $ (10.6 )
 
                     
          Accumulated other comprehensive income (“AOCI”), net of income tax effect, includes the following components:
                                 
            Net                
    Foreign     Unrealized             Accumulated  
    Currency     Gains     Pension/     Other  
    Translation     (Losses) on     Postretirement     Comprehensive  
    Adjustments     Derivatives     Adjustments     Income  
(in millions)                                
Balance, February 28, 2011
  $ 194.0     $ 4.2     $ (9.4 )   $ 188.8  
Current period change
    38.5       (3.6 )     -       34.9  
 
                       
Balance, May 31, 2011
  $ 232.5     $ 0.6     $ (9.4 )   $ 223.7