Other Comprehensive (Loss)/Income
Other comprehensive (loss)/income results from items deferred on the Consolidated Balance Sheets in stockholders’ equity. The following table sets forth the components of other comprehensive (loss)/income:
|
| | | | | | | | | | | | |
| | Year ended May 31, |
In millions | | 2013 | | 2012 | | 2011 |
Unrealized holding (losses)/gains | | $ | (24.1 | ) | | $ | 1.3 |
| | $ | (6.0 | ) |
Income tax benefit/(expense) related to unrealized holding (losses)/gains | | 9.0 |
| | (0.4 | ) | | 1.9 |
|
Reclassification adjustment for the net gain on sale of available-for-sale securities realized in net income | | (0.9 | ) | | (1.0 | ) | | (1.3 | ) |
Income tax expense on reclassification adjustment for the net gain on sale of available-for-sale securities | | 0.3 |
| | 0.3 |
| | 0.5 |
|
Other comprehensive (loss)/income | | $ | (15.7 | ) | | $ | 0.2 |
| | $ | (4.9 | ) |
As of May 31, 2013, accumulated other comprehensive income was $22.0 million, which was net of taxes of $12.5 million. As of May 31, 2012, accumulated other comprehensive income was $37.7 million, which was net of taxes of $21.8 million. Accumulated other comprehensive income is comprised of the unrealized gains/losses, net of tax.
