v2.4.0.6
Comprehensive Income
 9 Months Ended
Nov. 30, 2011
Comprehensive Income [Abstract]  
Comprehensive Income

13. Comprehensive Income

COMPONENTS OF TOTAL COMPREHENSIVE INCOME

                   
    Three Months Ended     Nine Months Ended  
    November 30     November 30  
(In thousands, net of income taxes)   2011     2010     2011     2010  
Net earnings $ 82,794   $ 82,364   $ 320,977   $ 291,368  
Other comprehensive income (loss):                        
Retirement plans:                        
Amortization recognized in net pension expense   72     48     230     120  
Cash flow hedges:                        
Effective portion of changes in fair value   (9,209 )   (4,579 )   (18,914 )   (10,917 )
Reclassifications to net earnings   3,296     812     4,484     1,035  
Total comprehensive income $ 76,953   $ 78,645   $ 306,777   $ 281,606  

 

ACCUMULATED OTHER COMPREHENSIVE LOSS

                 
                Total  
                Accumulated  
    Unrecognized           Other  
    Actuarial     Unrecognized     Comprehensive  
(In thousands, net of income taxes)   Losses     Hedge Losses     Loss  
Balance as of March 1, 2011 $ (17,528 ) $ (7,529 ) $ (25,057 )
Amortization recognized in net pension expense   230           230  
Effective portion of changes in fair value         (18,914 )   (18,914 )
Reclassifications to net earnings         4,484     4,484  
Balance as of November 30, 2011 $ (17,298 ) $ (21,959 ) $ (39,257 )

 

Changes in the funded status of our retirement plans and changes associated with our derivatives designated as accounting hedges are recognized in accumulated other comprehensive loss. The cumulative balances are net of deferred taxes of $10.1 million as of November 30, 2011, and $10.7 million as of February 28, 2011.