v3.10.0.1
OTHER COMPREHENSIVE INCOME ITEMS (Tables)
 3 Months Ended
Jan. 27, 2019
OTHER COMPREHENSIVE INCOME ITEMS  
Schedule of After-Tax Changes in Accumulated Other Comprehensive Income (Loss)

The after-tax changes in accumulated other comprehensive income (loss) in millions of dollars follow:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

 

 

    

 

 

    

Total

 

 

 

 

 

 

 

 

Unrealized

 

Unrealized

 

Accumulated

 

 

 

Retirement

 

Cumulative

 

Gain (Loss)

 

Gain (Loss)

 

Other

 

 

 

Benefits

 

Translation

 

on

 

on

 

Comprehensive

 

 

 

Adjustment

 

Adjustment

 

Derivatives

 

Debt Securities

 

Income (Loss)

 

Balance October 29, 2017

 

$
(3,580)

 

$
(999)

 

$
5

 

$
10

 

$
(4,564)

 

Other comprehensive income (loss) items before reclassification

 

 
5

 

 
224

 

 
5

 

 

 

 

 
234

 

Amounts reclassified from accumulated other comprehensive income

 

 
41

 

 

 

 

 

 

 

 

 

 

 
41

 

Net current period other comprehensive income (loss)

 

 
46

 

 
224

 

 
5

 

 

 

 

 
275

 

Balance January 28, 2018

 

$
(3,534)

 

$
(775)

 

$
10

 

$
10

 

$
(4,289)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance October 28, 2018

 

$
(3,237)

 

$
(1,204)

 

$
15

 

$
(2)

 

$
(4,428)

 

ASU No. 2016-01 adoption*

 

 

 

 

 

 

 

 

 

 

 
(8)

 

 
(8)

 

Other comprehensive income (loss) items before reclassification

 

 
1

 

 
(161)

 

 
(7)

 

 
8

 

 
(159)

 

Amounts reclassified from accumulated other comprehensive income

 

 
19

 

 

 

 

 
(2)

 

 

 

 

 
17

 

Net current period other comprehensive income (loss)

 

 
20

 

 
(161)

 

 
(9)

 

 
8

 

 
(142)

 

Balance January 27, 2019

 

$
(3,217)

 

$
(1,365)

 

$
6

 

$
(2)

 

$
(4,578)

 

* See Note 3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Amounts Recorded in and Reclassifications out of Other Comprehensive Income (Loss) and the Income Tax Effects

Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, in millions of dollars:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Before

    

Tax

    

After

 

 

 

Tax

 

(Expense)

 

Tax

 

Three Months Ended January 27, 2019

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$
(161)

 

 

 

 

$
(161)

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 
(9)

 

$
2

 

 
(7)

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 
(2)

 

 

 

 

 
(2)

 

Net unrealized gain (loss) on derivatives

 

 
(11)

 

 
2

 

 
(9)

 

Unrealized gain (loss) on debt securities:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 
10

 

 
(2)

 

 
8

 

Net unrealized gain (loss) on debt securities

 

 
10

 

 
(2)

 

 
8

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 
1

 

 

 

 

 
1

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 
35

 

 
(8)

 

 
27

 

Prior service (credit) cost

 

 
3

 

 
(1)

 

 
2

 

OPEB

 

 

 

 

 

 

 

 

 

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 
5

 

 
(1)

 

 
4

 

Prior service (credit) cost

 

 
(18)

 

 
4

 

 
(14)

 

Net unrealized gain (loss) on retirement benefits adjustment

 

 
26

 

 
(6)

 

 
20

 

Total other comprehensive income (loss)

 

$
(136)

 

$
(6)

 

$
(142)

 

 

* These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Before

    

Tax

    

After

 

 

 

Tax

 

(Expense)

 

Tax

 

Three Months Ended January 28, 2018

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$
225

 

$
(1)

 

$
224

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 
8

 

 
(3)

 

 
5

 

Net unrealized gain (loss) on derivatives

 

 
8

 

 
(3)

 

 
5

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 
7

 

 
(2)

 

 
5

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 
61

 

 
(20)

 

 
41

 

Prior service (credit) cost

 

 
3

 

 
(1)

 

 
2

 

OPEB

 

 

 

 

 

 

 

 

 

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 
16

 

 
(5)

 

 
11

 

Prior service (credit) cost

 

 
(19)

 

 
6

 

 
(13)

 

Net unrealized gain (loss) on retirement benefits adjustment

 

 
68

 

 
(22)

 

 
46

 

Total other comprehensive income (loss)

 

$
301

 

$
(26)

 

$
275

 

* These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail.

 

In the first quarter of 2019 and 2018, the noncontrolling interests’ comprehensive income was $1.1 million and $.5 million, respectively, which consisted of net income of $1.1 million and $.4 million and cumulative translation adjustments of none and $.1 million, respectively.