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OTHER COMPREHENSIVE INCOME ITEMS (Tables)

9 Months Ended

Aug. 01, 2021

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) 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			179			(75)			(14)			22			112
Amounts reclassified from accumulated other comprehensive income			159			8			10			(1)			176
Net current period other comprehensive income (loss)			338			(67)			(4)			21			288
Balance August 2, 2020		$	(3,577)		$	(1,718)		$	(64)		$	40		$	(5,319)

Balance November 1, 2020		$	(3,918)		$	(1,596)		$	(58)		$	33		$	(5,539)
Other comprehensive income (loss) items before reclassification			27			319			(1)			(7)			338
Amounts reclassified from accumulated other comprehensive income			181						9						190
Net current period other comprehensive income (loss)			208			319			8			(7)			528
Balance August 1, 2021		$	(3,710)		$	(1,277)		$	(50)		$	26		$	(5,011)

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. 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 August 1, 2021		Amount			Credit			Amount
Cumulative translation adjustment		$	(112)		$	(2)		$	(114)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(1)						(1)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			3			(1)			2
Net unrealized gain (loss) on derivatives			2			(1)			1
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			11			(3)			8
Net unrealized gain (loss) on debt securities			11			(3)			8
Retirement benefits adjustment:
Net actuarial gain (loss)			(5)			1			(4)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			71			(17)			54
Prior service (credit) cost			1						1
Settlements			4			(1)			3
Net unrealized gain (loss) on retirement benefits adjustment			71			(17)			54
Total other comprehensive income (loss)		$	(28)		$	(23)		$	(51)


		Before			Tax			After
		Tax			(Expense)			Tax
Nine Months Ended August 1, 2021		Amount			Credit			Amount
Cumulative translation adjustment		$	319					$	319
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(1)						(1)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			11		$	(2)			9
Net unrealized gain (loss) on derivatives			10			(2)			8
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			(6)			(1)			(7)
Net unrealized gain (loss) on debt securities			(6)			(1)			(7)
Retirement benefits adjustment:
Net actuarial gain (loss)			35			(8)			27
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			213			(53)			160
Prior service (credit) cost			5			(1)			4
Settlements			22			(5)			17
Net unrealized gain (loss) on retirement benefits adjustment			275			(67)			208
Total other comprehensive income (loss)		$	598		$	(70)		$	528


		Before			Tax			After
		Tax			(Expense)			Tax
Three Months Ended August 2, 2020		Amount			Credit			Amount
Cumulative translation adjustment:
Unrealized gain (loss) on translation adjustment		$	321		$	2		$	323
Reclassification of (gain) loss to Other operating expenses			8						8
Net unrealized gain (loss) on translation adjustment			329			2			331
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(1)						(1)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			7			(2)			5
Net unrealized gain (loss) on derivatives			6			(2)			4
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			13			(2)			11
Reclassification of realized (gain) loss – Other income			(1)						(1)
Net unrealized gain (loss) on debt securities			12			(2)			10
Retirement benefits adjustment:
Net actuarial gain (loss)			(9)			2			(7)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			69			(17)			52
Prior service (credit) cost			2						2
Settlements			6			(2)			4
Net unrealized gain (loss) on retirement benefits adjustment			68			(17)			51
Total other comprehensive income (loss)		$	415		$	(19)		$	396


		Before			Tax			After
		Tax			(Expense)			Tax
Nine Months Ended August 2, 2020		Amount			Credit			Amount
Cumulative translation adjustment:
Unrealized gain (loss) on translation adjustment		$	(77)		$	2		$	(75)
Reclassification of (gain) loss to Other operating expenses			8						8
Net unrealized gain (loss) on translation adjustment			(69)			2			(67)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)			(18)			4			(14)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense			13			(3)			10
Net unrealized gain (loss) on derivatives			(5)			1			(4)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)			27			(5)			22
Reclassification of realized (gain) loss – Other income			(1)						(1)
Net unrealized gain (loss) on debt securities			26			(5)			21
Retirement benefits adjustment:
Net actuarial gain (loss)			238			(59)			179
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss			207			(62)			145
Prior service (credit) cost			6			(1)			5
Settlements			12			(3)			9
Net unrealized gain (loss) on retirement benefits adjustment			463			(125)			338
Total other comprehensive income (loss)		$	415		$	(127)		$	288