XML 22 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER COMPREHENSIVE INCOME ITEMS
6 Months Ended
Apr. 30, 2017
OTHER COMPREHENSIVE INCOME ITEMS  
OTHER COMPREHENSIVE INCOME ITEMS

(4)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 November 1, 2015

 

$

(3,501)

 

$

(1,238)

 

$

(2)

 

$

12

 

$

(4,729)

 

Other comprehensive income (loss) items before reclassification

 

 

(18)

 

 

154

 

 

(1)

 

 

(1)

 

 

134

 

Amounts reclassified from accumulated other comprehensive income

 

 

75

 

 

 

 

 

2

 

 

(1)

 

 

76

 

Net current period other comprehensive income (loss)

 

 

57

 

 

154

 

 

1

 

 

(2)

 

 

210

 

Balance May 1, 2016

 

$

(3,444)

 

$

(1,084)

 

$

(1)

 

$

10

 

$

(4,519)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance October 30, 2016

 

$

(4,409)

 

$

(1,229)

 

$

1

 

$

11

 

$

(5,626)

 

Other comprehensive income (loss) items before reclassification

 

 

(13)

 

 

(1)

 

 

 

 

 

165

 

 

151

 

Amounts reclassified from accumulated other comprehensive income

 

 

89

 

 

 

 

 

2

 

 

(112)

 

 

(21)

 

Net current period other comprehensive income (loss)

 

 

76

 

 

(1)

 

 

2

 

 

53

 

 

130

 

Balance April 30, 2017

 

$

(4,333)

 

$

(1,230)

 

$

3

 

$

64

 

$

(5,496)

 

 

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 April 30, 2017

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

17

 

 

 

 

$

17

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 

(4)

 

$

2

 

 

(2)

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

1

 

 

(1)

 

 

 

 

Foreign exchange contracts – Other operating expense

 

 

3

 

 

(1)

 

 

2

 

Net unrealized gain (loss) on derivatives

 

 

 

 

 

 

 

 

 

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

269

 

 

(99)

 

 

170

 

Reclassification of realized (gain) loss – Other income

 

 

(176)

 

 

65

 

 

(111)

 

Net unrealized gain (loss) on investments

 

 

93

 

 

(34)

 

 

59

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(8)

 

 

3

 

 

(5)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

61

 

 

(22)

 

 

39

 

Prior service (credit) cost

 

 

3

 

 

(1)

 

 

2

 

Settlements/curtailments

 

 

1

 

 

 

 

 

1

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(10)

 

 

3

 

 

(7)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

24

 

 

(9)

 

 

15

 

Prior service (credit) cost

 

 

(19)

 

 

7

 

 

(12)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

52

 

 

(19)

 

 

33

 

Total other comprehensive income (loss)

 

$

162

 

$

(53)

 

$

109

 

 

*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

 

Six Months Ended April 30, 2017

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

(1)

 

 

 

 

$

(1)

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 

 

 

 

 

 

 

 

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

1

 

 

 

 

 

1

 

Foreign exchange contracts – Other operating expense

 

 

2

 

$

(1)

 

 

1

 

Net unrealized gain (loss) on derivatives

 

 

3

 

 

(1)

 

 

2

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

262

 

 

(97)

 

 

165

 

Reclassification of realized (gain) loss – Other income

 

 

(178)

 

 

66

 

 

(112)

 

Net unrealized gain (loss) on investments

 

 

84

 

 

(31)

 

 

53

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(9)

 

 

3

 

 

(6)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

121

 

 

(44)

 

 

77

 

Prior service (credit) cost

 

 

6

 

 

(2)

 

 

4

 

Settlements/curtailments

 

 

1

 

 

 

 

 

1

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(10)

 

 

3

 

 

(7)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

49

 

 

(18)

 

 

31

 

Prior service (credit) cost

 

 

(38)

 

 

14

 

 

(24)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

120

 

 

(44)

 

 

76

 

Total other comprehensive income (loss)

 

$

206

 

$

(76)

 

$

130

 

*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 May 1, 2016

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

312

 

 

 

 

$

312

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 

(1)

 

$

1

 

 

 

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

2

 

 

(1)

 

 

1

 

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)

 

 

9

 

 

 

 

 

9

 

Reclassification of realized (gain) loss – Other income

 

 

(1)

 

 

1

 

 

 

 

Net unrealized gain (loss) on investments

 

 

8

 

 

1

 

 

9

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(14)

 

 

5

 

 

(9)

 

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

 

 

(1)

 

 

3

 

Settlements/curtailments

 

 

2

 

 

(1)

 

 

1

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(11)

 

 

4

 

 

(7)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

18

 

 

(7)

 

 

11

 

Prior service (credit) cost

 

 

(20)

 

 

7

 

 

(13)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

31

 

 

(12)

 

 

19

 

Total other comprehensive income (loss)

 

$

353

 

$

(12)

 

$

341

 

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

In the second quarter of 2017 and 2016, the noncontrolling interests’ comprehensive income (loss) was $(.2) million and $(.6) million, respectively, which consisted of net income (loss) of $(.2) million and $(.7) million and cumulative translation adjustments of none and $.1 million, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Before

    

Tax

    

After

 

 

 

Tax

 

(Expense)

 

Tax

 

Six Months Ended May 1, 2016

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

154

 

 

 

 

$

154

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging (loss)

 

 

(2)

 

$

1

 

 

(1)

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

5

 

 

(2)

 

 

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)

 

 

(1)

 

 

 

 

 

(1)

 

Reclassification of realized (gain) loss – Other income

 

 

(2)

 

 

1

 

 

(1)

 

Net unrealized gain (loss) on investments

 

 

(3)

 

 

1

 

 

(2)

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(17)

 

 

6

 

 

(11)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

104

 

 

(38)

 

 

66

 

Prior service (credit) cost

 

 

8

 

 

(3)

 

 

5

 

Settlements/curtailments

 

 

9

 

 

(3)

 

 

6

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(11)

 

 

4

 

 

(7)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

37

 

 

(14)

 

 

23

 

Prior service (credit) cost

 

 

(39)

 

 

14

 

 

(25)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

91

 

 

(34)

 

 

57

 

Total other comprehensive income (loss)

 

$

244

 

$

(34)

 

$

210

 

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

In the first six months of 2017 and 2016, the noncontrolling interests’ comprehensive income (loss) was $(.8) million and $(1.2) million, respectively, which consisted of net income (loss) of $(.8) million and $(1.3) million and cumulative translation adjustments of none and $.1 million, respectively.