XML 41 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
OTHER COMPREHENSIVE INCOME ITEMS (Tables)
6 Months Ended
Apr. 29, 2018
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

 

Investments

 

Income (Loss)

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance October 29, 2017

 

$

(3,580)

 

$

(999)

 

$

5

 

$

10

 

$

(4,564)

 

Other comprehensive income (loss) items before reclassification

 

 

81

 

 

225

 

 

11

 

 

(9)

 

 

308

 

Amounts reclassified from accumulated other comprehensive income

 

 

84

 

 

 

 

 

(1)

 

 

 

 

 

83

 

Net current period other comprehensive income (loss)

 

 

165

 

 

225

 

 

10

 

 

(9)

 

 

391

 

Balance April 29, 2018

 

$

(3,415)

 

$

(774)

 

$

15

 

$

1

 

$

(4,173)

 

 

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 April 29, 2018

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

 

 

 

$

1

 

$

1

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

$

7

 

 

(1)

 

 

6

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

(1)

 

 

 

 

 

(1)

 

Net unrealized gain (loss) on derivatives

 

 

6

 

 

(1)

 

 

5

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

(11)

 

 

2

 

 

(9)

 

Reclassification of realized (gain) loss – Other income

 

 

(1)

 

 

1

 

 

 

 

Net unrealized gain (loss) on investments

 

 

(12)

 

 

3

 

 

(9)

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

39

 

 

(9)

 

 

30

 

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

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

54

 

 

(14)

 

 

40

 

Prior service (credit) cost

 

 

3

 

 

(1)

 

 

2

 

Settlements/curtailments

 

 

6

 

 

(2)

 

 

4

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

60

 

 

(14)

 

 

46

 

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

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

15

 

 

(4)

 

 

11

 

Prior service (credit) cost

 

 

(19)

 

 

5

 

 

(14)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

158

 

 

(39)

 

 

119

 

Total other comprehensive income (loss)

 

$

152

 

$

(36)

 

$

116

 

 

*These accumulated other comprehensive income amounts are components of net periodic pension and postretirement costs. See Note 7 for additional detail.

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Before

    

Tax

    

After

 

 

 

Tax

 

(Expense)

 

Tax

 

Six Months Ended April 29, 2018

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

225

 

 

 

 

$

225

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 

15

 

$

(4)

 

 

11

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

(1)

 

 

 

 

 

(1)

 

Net unrealized gain (loss) on derivatives

 

 

14

 

 

(4)

 

 

10

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

(11)

 

 

2

 

 

(9)

 

Reclassification of realized (gain) loss – Other income

 

 

(1)

 

 

1

 

 

 

 

Net unrealized gain (loss) on investments

 

 

(12)

 

 

3

 

 

(9)

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

46

 

 

(11)

 

 

35

 

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

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

115

 

 

(34)

 

 

81

 

Prior service (credit) cost

 

 

6

 

 

(2)

 

 

4

 

Settlements/curtailments

 

 

6

 

 

(2)

 

 

4

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

60

 

 

(14)

 

 

46

 

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

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

31

 

 

(9)

 

 

22

 

Prior service (credit) cost

 

 

(38)

 

 

11

 

 

(27)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

226

 

 

(61)

 

 

165

 

Total other comprehensive income (loss)

 

$

453

 

$

(62)

 

$

391

 

*These accumulated other comprehensive income amounts are components of net periodic pension and postretirement costs. See Note 7 for additional detail.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

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 expenses

 

 

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 other operating expenses: *

 

 

 

 

 

 

 

 

 

 

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 other operating expenses: *

 

 

 

 

 

 

 

 

 

 

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 components of net periodic pension and postretirement costs. See Note 7 for additional detail.

In the second quarter of 2018 and 2017, the noncontrolling interests’ comprehensive income (loss) was $1.7 million and $(.2) million, respectively, which consisted of net income (loss) of $1.4 million and $(.2) million and cumulative translation adjustments of $.3 million and none, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

    

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 expenses

 

 

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 other operating expenses: *

 

 

 

 

 

 

 

 

 

 

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 other operating expenses: *

 

 

 

 

 

 

 

 

 

 

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 pension and postretirement costs. See Note 7 for additional detail.

In the first six months of 2018 and 2017, the noncontrolling interests’ comprehensive income (loss) was $2.1 million and $(.8) million, respectively, which consisted of net income (loss) of $1.7 million and $(.8) million and cumulative translation adjustments of $.4 million and none, respectively.