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OTHER COMPREHENSIVE INCOME ITEMS | 6 Months Ended
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Apr. 28, 2019
OTHER COMPREHENSIVE INCOME ITEMS |
OTHER COMPREHENSIVE INCOME ITEMS | (5) Other Comprehensive Income Items 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 |  |  | 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) |
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 |  |  | 32 |  |  | (244) |  |  | (11) |  |  | 16 |  |  | (207) |
Amounts reclassified from accumulated other comprehensive income |  |  | 37 |  |  |  |  |  | (4) |  |  |  |  |  | 33 |
Net current period other comprehensive income (loss) |  |  | 69 |  |  | (244) |  |  | (15) |  |  | 16 |  |  | (174) |
Balance April 28, 2019 |  | $ | (3,168) |  | $ | (1,448) |  |  |  |  | $ | 6 |  | $ | (4,610) |
* See Note 3. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 28, 2019 |  | Amount |  | Credit |  | Amount |
Cumulative translation adjustment |  | $ | (83) |  | $ | 1 |  | $ | (82) |
Unrealized gain (loss) on derivatives: |  |  |  |  |  |  |  |  |  |
Unrealized hedging gain (loss) |  |  | (6) |  |  | 1 |  |  | (5) |
Reclassification of realized (gain) loss to: |  |  |  |  |  |  |  |  |  |
Interest rate contracts – Interest expense |  |  | (3) |  |  | 1 |  |  | (2) |
Net unrealized gain (loss) on derivatives |  |  | (9) |  |  | 2 |  |  | (7) |
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) |  |  | (19) |  |  | 4 |  |  | (15) |
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * |  |  |  |  |  |  |  |  |  |
Actuarial (gain) loss |  |  | 36 |  |  | (9) |  |  | 27 |
Prior service (credit) cost |  |  | 3 |  |  | (1) |  |  | 2 |
OPEB |  |  |  |  |  |  |  |  |  |
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 |  |  | 3 |  |  | (1) |  |  | 2 |
Prior service (credit) cost |  |  | (18) |  |  | 5 |  |  | (13) |
Net unrealized gain (loss) on retirement benefits adjustment |  |  | 65 |  |  | (16) |  |  | 49 |
Total other comprehensive income (loss) |  | $ | (17) |  | $ | (15) |  | $ | (32) |
|  | Before |  | Tax |  | After |
|  | Tax |  | (Expense) |  | Tax |
Six Months Ended April 28, 2019 |  | Amount |  | Credit |  | Amount |
Cumulative translation adjustment |  | $ | (244) |  |  |  |  | $ | (244) |
Unrealized gain (loss) on derivatives: |  |  |  |  |  |  |  |  |  |
Unrealized hedging gain (loss) |  |  | (14) |  | $ | 3 |  |  | (11) |
Reclassification of realized (gain) loss to: |  |  |  |  |  |  |  |  |  |
Interest rate contracts – Interest expense |  |  | (5) |  |  | 1 |  |  | (4) |
Net unrealized gain (loss) on derivatives |  |  | (19) |  |  | 4 |  |  | (15) |
Unrealized gain (loss) on debt securities: |  |  |  |  |  |  |  |  |  |
Unrealized holding gain (loss) |  |  | 20 |  |  | (4) |  |  | 16 |
Net unrealized gain (loss) on debt securities |  |  | 20 |  |  | (4) |  |  | 16 |
Retirement benefits adjustment: |  |  |  |  |  |  |  |  |  |
Pensions |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) |  |  | (18) |  |  | 4 |  |  | (14) |
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * |  |  |  |  |  |  |  |  |  |
Actuarial (gain) loss |  |  | 71 |  |  | (17) |  |  | 54 |
Prior service (credit) cost |  |  | 6 |  |  | (2) |  |  | 4 |
OPEB |  |  |  |  |  |  |  |  |  |
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 |  |  | 8 |  |  | (2) |  |  | 6 |
Prior service (credit) cost |  |  | (36) |  |  | 9 |  |  | (27) |
Net unrealized gain (loss) on retirement benefits adjustment |  |  | 91 |  |  | (22) |  |  | 69 |
Total other comprehensive income (loss) |  | $ | (152) |  | $ | (22) |  | $ | (174) |
* 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 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 |
OPEB |  |  |  |  |  |  |  |  |  |
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 adjustment |  |  | 158 |  |  | (39) |  |  | 119 |
Total other comprehensive income (loss) |  | $ | 152 |  | $ | (36) |  | $ | 116 |
* These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. In the second quarter of 2019 and 2018, the noncontrolling interests’ comprehensive income was $1.4 million and $1.7 million, respectively, which consisted of net income of $1.4 million and $1.4 million and cumulative translation adjustments of none and $.3 million, respectively.
|  | 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 |
OPEB |  |  |  |  |  |  |  |  |  |
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 adjustment |  |  | 226 |  |  | (61) |  |  | 165 |
Total other comprehensive income (loss) |  | $ | 453 |  | $ | (62) |  | $ | 391 |
* These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. In the first six months of 2019 and 2018, the noncontrolling interests’ comprehensive income was $2.5 million and $2.1 million, respectively, which consisted of net income of $2.5 million and $1.7 million and cumulative translation adjustments of none and $.4 million, respectively.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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