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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:

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Total

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​

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Unrealized

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Unrealized

​

Accumulated

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​

​

Retirement

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Cumulative

​

Gain (Loss)

​

Gain (Loss)

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Other

​

​

​

Benefits

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Translation

​

on

​

on

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Comprehensive

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​

Adjustment

Adjustment

Derivatives

Debt Securities

Income (Loss)

2017

​

$

(3,580)

​

$

(999)

​

$

5

​

$

10

​

$

(4,564)

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Period Change

​

1,052

​

​

(194)

​

​

9

​

​

(13)

​

854

​

ASU No. 2018-02

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​

(709)

​

(10)

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1

​

1

​

​

(717)

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2018

​

(3,237)

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(1,203)

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15

​

(2)

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(4,427)

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ASU No. 2016-01

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​

​

​

​

​

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(8)

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(8)

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Period Change

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​

(678)

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(448)

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(75)

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29

​

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(1,172)

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2019

​

(3,915)

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(1,651)

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(60)

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19

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(5,607)

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Period Change

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(3)

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55

​

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2

​

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14

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68

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2020

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$

(3,918)

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$

(1,596)

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$

(58)

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$

33

​

$

(5,539)

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​

​

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:

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​	​	​	​	​	​	​	​	​	​	​
​	​	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.

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​

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​	​	​	​	​	​	​	​	​	​	​
​	​	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.

​

​

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​	​	​	​	​	​	​	​	​	​	​
​	​	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.

​

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
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- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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