Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Tables)

v2.4.0.8
Comprehensive Income (Tables)
3 Months Ended
May 31, 2014
Equity [Abstract]  
Reconciliation of net income to comprehensive income
The reconciliation of net income to comprehensive income is as follows:
 
Before Tax
Amount
 
Tax Expense
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended May 31, 2014
 
 
 
 
 
Net income
 
 
 
 
$
206.7

Other comprehensive income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
37.5

 
$
(0.7
)
 
36.8

Reclassification adjustments

 

 

Net gain recognized in other comprehensive income
37.5

 
(0.7
)
 
36.8

Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative gains
13.6

 
(3.8
)
 
9.8

Reclassification adjustments
1.4

 
(0.8
)
 
0.6

Net gain recognized in other comprehensive income
15.0

 
(4.6
)
 
10.4

Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
0.3

 
(0.1
)
 
0.2

Reclassification adjustments

 

 

Net gain recognized in other comprehensive income
0.3

 
(0.1
)
 
0.2

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains

 

 

Reclassification adjustments

 

 

Net gain recognized in other comprehensive income

 

 

Other comprehensive income
$
52.8

 
$
(5.4
)
 
47.4

Total comprehensive income
 
 
 
 
$
254.1

 
 
 
 
 
 
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

Accumulated other comprehensive income (loss), net of income tax effect
Accumulated other comprehensive income (loss) (“AOCI”), net of income tax effect, includes the following components:
 
Foreign
Currency
Translation
Adjustments
 
Net
Unrealized
(Losses) Gains on
Derivative Instruments
 
Net
Unrealized
(Losses) Gains
on AFS Debt
Securities
 
Pension/
Postretirement
Adjustments
 
Accumulated
Other
Comprehensive
Income
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 28, 2014
$
103.6

 
$
(8.9
)
 
$
(1.5
)
 
$
(7.2
)
 
$
86.0

Other comprehensive income:
 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassification adjustments
36.8

 
9.8

 
0.2

 

 
46.8

Amounts reclassified from accumulated other comprehensive income

 
0.6

 

 

 
0.6

Other comprehensive income
36.8

 
10.4

 
0.2

 

 
47.4

Balance, May 31, 2014
$
140.4

 
$
1.5

 
$
(1.3
)
 
$
(7.2
)
 
$
133.4