Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss)

 v2.3.0.11
Comprehensive Income (Loss)
 6 Months Ended
Aug. 31, 2011
Stockholders' Equity and Comprehensive Income (Loss) [Abstract]  
COMPREHENSIVE INCOME (LOSS)
15.     COMPREHENSIVE INCOME (LOSS):
          Comprehensive income (loss) consists of net income, foreign currency translation adjustments, net unrealized losses on derivative instruments, net unrealized losses on AFS debt securities and pension/postretirement adjustments. The reconciliation of net income to comprehensive income is as follows:
                         
    Before Tax     Tax (Expense)     Net of Tax  
(in millions)   Amount     Benefit     Amount  
For the Six Months Ended August 31, 2011
                       
Net income
                  $ 237.2  
Other comprehensive income (loss):
                       
Foreign currency translation adjustments
  $ 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 )
Net unrealized loss on AFS debt securities
    (0.2 )     -       (0.2 )
Pension/postretirement adjustments:
                       
Net gains arising during the period
    -       -       -  
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 Six Months Ended August 31, 2010
                       
Net income
                  $ 140.4  
Other comprehensive (loss) income:
                       
Foreign currency translation adjustments
  $ (14.3 )   $ (1.6 )     (15.9 )
Unrealized loss on cash flow hedges:
                       
Net derivative losses
    (19.1 )     5.1       (14.0 )
Reclassification adjustments
    (13.3 )     3.4       (9.9 )
 
                 
Net loss recognized in other comprehensive income
    (32.4 )     8.5       (23.9 )
Pension/postretirement adjustments:
                       
Net losses arising during the period
    (0.7 )     0.4       (0.3 )
Reclassification adjustments
    4.9       (1.4 )     3.5  
 
                 
Net gain recognized in other comprehensive income
    4.2       (1.0 )     3.2  
 
                 
Other comprehensive loss
  $ (42.5 )   $ 5.9       (36.6 )
 
                 
Total comprehensive income
                  $ 103.8  
 
                     
 
                       
For the Three Months Ended August 31, 2011
                       
Net income
                  $ 162.7  
Other comprehensive income (loss):
                       
Foreign currency translation adjustments
  $ 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 income
    (17.3 )     7.4       (9.9 )
Net unrealized loss on AFS debt securities
    (0.2 )     -       (0.2 )
Pension/postretirement adjustments:
                       
Net gains arising during the period
    -       -       -  
Reclassification adjustments
    0.2       -       0.2  
 
                 
Net gain recognized in other comprehensive income
    0.2       -       0.2  
 
                 
Other comprehensive loss
  $ (14.6 )   $ 7.7       (6.9 )
 
                 
Total comprehensive income
                  $ 155.8  
 
                 
                         
    Before Tax     Tax (Expense)     Net of Tax  
    Amount     Benefit     Amount  
(in millions)                        
For the Three Months Ended August 31, 2010
                       
Net income
                  $ 91.3  
Other comprehensive income (loss):
                       
Foreign currency translation adjustments
  $ 36.8     $ 2.5       39.3  
Unrealized loss on cash flow hedges:
                       
Net derivative losses
    (14.1 )     4.5       (9.6 )
Reclassification adjustments
    (5.3 )     1.5       (3.8 )
 
                 
Net loss recognized in other comprehensive income
    (19.4 )     6.0       (13.4 )
Pension/postretirement adjustments:
                       
Net losses arising during the period
    (6.7 )     2.1       (4.6 )
Reclassification adjustments
    2.5       (0.7 )     1.8  
 
                 
Net loss recognized in other comprehensive income
    (4.2 )     1.4       (2.8 )
 
                 
Other comprehensive income
  $ 13.2     $ 9.9       23.1  
 
                 
Total comprehensive income
                  $ 114.4  
 
                     
          Accumulated other comprehensive income (“AOCI”), net of income tax effect, includes the following components:
                                         
            Net     Net                
    Foreign     Unrealized     Unrealized             Accumulated  
    Currency     Gains     Gains (Losses) on     Pension/     Other  
    Translation     (Losses) on     AFS Debt     Postretirement     Comprehensive  
    Adjustments     Derivatives     Securities     Adjustments     Income  
(in millions)                                        
Balance, February 28, 2011
  $ 193.2     $ 4.2     $ 0.8     $ (9.4 )   $ 188.8  
Current period change
    41.5       (13.5 )     (0.2 )     0.2       28.0  
 
                             
Balance, August 31, 2011
  $ 234.7     $ (9.3 )   $ 0.6     $ (9.2 )   $ 216.8