OTHER COMPREHENSIVE INCOME ITEMS (Tables)

3 Months Ended

Jan. 31, 2016

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		Investments		Income (Loss)
Balance October 31, 2015	$	(3,501)	$	(1,238)	$	(2)	$	12	$	(4,729)
Other comprehensive income (loss) items before reclassification		(2)		(158)		(1)		(10)		(171)
Amounts reclassified from accumulated other comprehensive income		40				1		(1)		40
Net current period other comprehensive income (loss)		38		(158)				(11)		(131)
Balance January 31, 2016	$	(3,463)	$	(1,396)	$	(2)	$	1	$	(4,860)

Balance October 31, 2014	$	(3,493)	$	(303)			$	13	$	(3,783)
Other comprehensive income (loss) items before reclassification				(510)	$	(3)		9		(504)
Amounts reclassified from accumulated other comprehensive income		42				2		(2)		42
Net current period other comprehensive income (loss)		42		(510)		(1)		7		(462)
Balance January 31, 2015	$	(3,451)	$	(813)	$	(1)	$	20	$	(4,245)

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 31, 2016	Amount		Credit		Amount
Cumulative translation adjustment	$	(158)			$	(158)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(1)				(1)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		3	$	(1)		2
Foreign exchange contracts – Other operating expense		(2)		1		(1)
Net unrealized gain (loss) on derivatives
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)		(10)				(10)
Reclassification of realized (gain) loss – Other income		(1)				(1)
Net unrealized gain (loss) on investments		(11)				(11)
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)		(3)		1		(2)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		52		(19)		33
Prior service (credit) cost		4		(2)		2
Settlements/curtailments		7		(2)		5
Health care and life insurance
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		19		(7)		12
Prior service (credit) cost		(19)		7		(12)
Net unrealized gain (loss) on retirement benefits adjustments		60		(22)		38
Total other comprehensive income (loss)	$	(109)	$	(22)	$	(131)

* These accumulated other comprehensive income amounts are included in net periodic postretirement costs. See Note 7 for additional detail.


	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended January 31, 2015	Amount		Credit		Amount
Cumulative translation adjustment	$	(508)	$	(2)	$	(510)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(4)		1		(3)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		3				3
Foreign exchange contracts – Other operating expense		(1)				(1)
Net unrealized gain (loss) on derivatives		(2)		1		(1)
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)		13		(4)		9
Reclassification of realized (gain) loss – Other income		(2)				(2)
Net unrealized gain (loss) on investments		11		(4)		7
Retirement benefits adjustment:
Pensions
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		55		(20)		35
Prior service (credit) cost		6		(2)		4
Settlements/curtailments		1				1
Health care and life insurance
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		23		(9)		14
Prior service (credit) cost		(19)		7		(12)
Net unrealized gain (loss) on retirement benefits adjustments		66		(24)		42
Total other comprehensive income (loss)	$	(433)	$	(29)	$	(462)

* These accumulated other comprehensive income amounts are included in net periodic postretirement costs. See Note 7 for additional detail.

In the first quarter of 2016 and 2015, the noncontrolling interests’ comprehensive income (loss) was $(.6) million and $(.2) million, respectively, which consisted of net income (loss) of $(.6) million and $.1 million and cumulative translation adjustments of none and $(.3) million, respectively.