XML 31 R12.htm IDEA: XBRL DOCUMENT

OTHER COMPREHENSIVE INCOME ITEMS

6 Months Ended

May 02, 2021

OTHER COMPREHENSIVE INCOME ITEMS

OTHER COMPREHENSIVE INCOME ITEMS

(5) Other Comprehensive Income Items

The after-tax changes in accumulated other comprehensive income (loss) was as follows in millions of dollars:


														Total
								Unrealized			Unrealized			Accumulated
		Retirement			Cumulative			Gain (Loss)			Gain (Loss)			Other
		Benefits			Translation			on			on			Comprehensive
		Adjustment			Adjustment			Derivatives			Debt Securities			Income (Loss)
Balance November 3, 2019		$	(3,915)		$	(1,651)		$	(60)		$	19		$	(5,607)
Other comprehensive income (loss) items before reclassification			186			(398)			(13)			11			(214)
Amounts reclassified from accumulated other comprehensive income			101						5						106
Net current period other comprehensive income (loss)			287			(398)			(8)			11			(108)
Balance May 3, 2020		$	(3,628)		$	(2,049)		$	(68)		$	30		$	(5,715)

Balance November 1, 2020		$	(3,918)		$	(1,596)		$	(58)		$	33		$	(5,539)
Other comprehensive income (loss) items before reclassification			31			433						(15)			449
Amounts reclassified from accumulated other comprehensive income			123						7						130
Net current period other comprehensive income (loss)			154			433			7			(15)			579
Balance May 2, 2021		$	(3,764)		$	(1,163)		$	(51)		$	18		$	(4,960)

Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, in millions of dollars. Retirement benefits adjustment reclassifications for actuarial gain (loss), prior service (credit) cost, and settlements are included in net periodic pension and other postretirement benefit costs (see Note 8).


		Before			Tax			After
		Tax			(Expense)			Tax
Three Months Ended May 2, 2021		Amount			Credit			Amount
Cumulative translation adjustment		$	37					$	37
Unrealized gain (loss) on derivatives:
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			4		$	(1)			3
Net unrealized gain (loss) on derivatives			4			(1)			3
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			(14)			1			(13)
Net unrealized gain (loss) on debt securities			(14)			1			(13)
Retirement benefits adjustment:
Net actuarial gain (loss)			41			(9)			32
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			72			(19)			53
Prior service (credit) cost			2						2
Settlements			5			(1)			4
Net unrealized gain (loss) on retirement benefits adjustment			120			(29)			91
Total other comprehensive income (loss)		$	147		$	(29)		$	118


		Before			Tax			After
		Tax			(Expense)			Tax
Six Months Ended May 2, 2021		Amount			Credit			Amount
Cumulative translation adjustment		$	431		$	2		$	433
Unrealized gain (loss) on derivatives:
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			9			(2)			7
Net unrealized gain (loss) on derivatives			9			(2)			7
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			(17)			2			(15)
Net unrealized gain (loss) on debt securities			(17)			2			(15)
Retirement benefits adjustment:
Net actuarial gain (loss)			40			(9)			31
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			142			(36)			106
Prior service (credit) cost			4			(1)			3
Settlements			18			(4)			14
Net unrealized gain (loss) on retirement benefits adjustment			204			(50)			154
Total other comprehensive income (loss)		$	627		$	(48)		$	579


		Before			Tax			After
		Tax			(Expense)			Tax
Three Months Ended May 3, 2020		Amount			Credit			Amount
Cumulative translation adjustment		$	(441)					$	(441)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(15)		$	3			(12)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			4						4
Net unrealized gain (loss) on derivatives			(11)			3			(8)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			8			(2)			6
Net unrealized gain (loss) on debt securities			8			(2)			6
Retirement benefits adjustment:
Net actuarial gain (loss)			1			(1)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			69			(17)			52
Prior service (credit) cost			2						2
Settlements			3						3
Net unrealized gain (loss) on retirement benefits adjustment			75			(18)			57
Total other comprehensive income (loss)		$	(369)		$	(17)		$	(386)


		Before			Tax			After
		Tax			(Expense)			Tax
Six Months Ended May 3, 2020		Amount			Credit			Amount
Cumulative translation adjustment		$	(398)					$	(398)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(17)		$	4			(13)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			6			(1)			5
Net unrealized gain (loss) on derivatives			(11)			3			(8)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			14			(3)			11
Net unrealized gain (loss) on debt securities			14			(3)			11
Retirement benefits adjustment:
Net actuarial gain (loss)			247			(61)			186
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			138			(45)			93
Prior service (credit) cost			4			(1)			3
Settlements			6			(1)			5
Net unrealized gain (loss) on retirement benefits adjustment			395			(108)			287
Total other comprehensive income (loss)					$	(108)		$	(108)