OTHER COMPREHENSIVE INCOME ITEMS (Tables)

12 Months Ended

Nov. 01, 2020

OTHER COMPREHENSIVE INCOME ITEMS

Schedule of After-Tax Changes in Accumulated Other Comprehensive Income (Loss)

The after-tax changes in accumulated other comprehensive income at October 29, 2017, October 28, 2018, November 3, 2019, and November 1, 2020 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)
2017		$	(3,580)		$	(999)		$	5		$	10		$	(4,564)
Period Change			1,052			(194)			9			(13)			854
ASU No. 2018-02			(709)			(10)			1			1			(717)
2018			(3,237)			(1,203)			15			(2)			(4,427)
ASU No. 2016-01												(8)			(8)
Period Change			(678)			(448)			(75)			29			(1,172)
2019			(3,915)			(1,651)			(60)			19			(5,607)
Period Change			(3)			55			2			14			68
2020		$	(3,918)		$	(1,596)		$	(58)		$	33		$	(5,539)

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
		Amount			Credit			Amount
2020
Cumulative translation adjustment:
Unrealized translation gain (loss)		$	18		$	1		$	19
Reclassification of realized (gain) loss to:
Other operating expenses			13						13
Equity in (income) loss of unconsolidated affiliates			23						23
Net unrealized translation gain (loss)			54			1			55
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(18)			2			(16)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			21			(3)			18
Net unrealized gain (loss) on derivatives			3			(1)			2
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			17			(3)			14
Net unrealized gain (loss) on debt securities			17			(3)			14
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)			(438)			99			(339)
Reclassification primarily to other operating expenses through amortization of: *
Actuarial (gain) loss			249			(61)			188
Prior service (credit) cost			11			(3)			8
Settlements			26			(7)			19
OPEB
Net actuarial gain (loss)			136			(34)			102
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss			29			(7)			22
Prior service (credit) cost			(4)			1			(3)
Net unrealized gain (loss) on retirement benefits adjustment			9			(12)			(3)
Total other comprehensive income (loss)		$	83		$	(15)		$	68

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


		Before			Tax			After
		Tax			(Expense)			Tax
		Amount			Credit			Amount
2019
Cumulative translation adjustment		$	(447)		$	(1)		$	(448)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(92)			21			(71)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			(5)			1			(4)
Net unrealized gain (loss) on derivatives			(97)			22			(75)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			36			(7)			29
Net unrealized gain (loss) on debt securities			36			(7)			29
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)			(887)			236			(651)
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss			143			(35)			108
Prior service (credit) cost			11			(2)			9
Settlements			3			(1)			2
OPEB
Net actuarial gain (loss)			(141)			38			(103)
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss			16			(4)			12
Prior service (credit) cost			(72)			17			(55)
Net unrealized gain (loss) on retirement benefits adjustment			(927)			249			(678)
Total other comprehensive income (loss)		$	(1,435)		$	263		$	(1,172)

* 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
		Amount			Credit			Amount
2018
Cumulative translation adjustment		$	(188)		$	(6)		$	(194)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			18			(4)			14
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			(5)			1			(4)
Foreign exchange contracts – Other operating expenses			(1)						(1)
Net unrealized gain (loss) on derivatives			12			(3)			9
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)			(17)			5			(12)
Reclassification of realized (gain) loss – Other income			(1)						(1)
Net unrealized gain (loss) on investments			(18)			5			(13)
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)			553			(128)			425
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss			226			(63)			163
Prior service (credit) cost			12			(4)			8
Settlements			8			(2)			6
OPEB
Net actuarial gain (loss) and prior service credit (cost)			603			(142)			461
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss			62			(17)			45
Prior service (credit) cost			(77)			21			(56)
Net unrealized gain (loss) on retirement benefits adjustment			1,387			(335)			1,052
Total other comprehensive income (loss)		$	1,193		$	(339)		$	854

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