XML 52 R42.htm IDEA: XBRL DOCUMENT
v3.20.2

Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
--- | ---
Jul. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivatives and Consolidated Balance Sheet Location | The following table presents the fair value and location of the company’s derivative instruments on the Condensed Consolidated Balance Sheets:
(Dollars in thousands) |  | July 31, 2020 |  | August 2, 2019 |  | October 31, 2019
Derivative assets: |  |  |  |  |  |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |
Prepaid expenses and other current assets |  |  |  |  |  |
Forward currency contracts |  | $ | (645) |  |  | $ | 12,511 |  |  | $ | 8,642 |
Derivatives not designated as cash flow hedging instruments: |  |  |  |  |  |
Prepaid expenses and other current assets |  |  |  |  |  |
Forward currency contracts |  | 753 |  |  | 3,920 |  |  | 2,256 |
Total assets |  | $ | 108 |  |  | $ | 16,431 |  |  | $ | 10,898 |
Derivative liabilities: |  |  |  |  |  |
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |
Accrued liabilities |  |  |  |  |  |
Forward currency contracts |  | $ | 5,248 |  |  | $ | — |  |  | $ | — |
Derivatives not designated as cash flow hedging instruments: |  |  |  |  |  |
Accrued liabilities |  |  |  |  |  |
Forward currency contracts |  | 849 |  |  | — |  |  | 9 |
Total liabilities |  | $ | 6,097 |  |  | $ | — |  |  | $ | 9 |
Schedule of Effects of Master Netting Arrangements on Fair Value of Derivative Contracts Recorded in Consolidated Balance Sheets | The following table presents the effects of the master netting arrangements on the fair value of the company’s derivative instruments that are recorded on the Condensed Consolidated Balance Sheets:
(Dollars in thousands) |  | July 31, 2020 |  | August 2, 2019 |  | October 31, 2019
Derivative assets: |  |  |  |  |  |
Forward currency contracts: |  |  |  |  |  |
Gross amounts of recognized assets |  | $ | 1,116 |  |  | $ | 16,496 |  |  | $ | 11,056 |
Gross liabilities offset in the Condensed Consolidated Balance Sheets |  | (1,008) |  |  | (65) |  |  | (158) |
Net amounts of assets presented in the Condensed Consolidated Balance Sheets |  | $ | 108 |  |  | $ | 16,431 |  |  | $ | 10,898 |
Derivative liabilities: |  |  |  |  |  |
Forward currency contracts: |  |  |  |  |  |
Gross amounts of recognized liabilities |  | $ | (6,465) |  |  | $ | — |  |  | $ | (9) |
Gross assets offset in the Condensed Consolidated Balance Sheets |  | 368 |  |  | — |  |  | — |
Net amounts of liabilities presented in the Condensed Consolidated Balance Sheets |  | $ | (6,097) |  |  | $ | — |  |  | $ | (9) |
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Designated as Cash Flow Hedging Instruments | The following tables present the impact and location of the amounts reclassified from AOCL into net earnings on the Condensed Consolidated Statements of Earnings and the impact of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments for the three and nine months ended July 31, 2020 and August 2, 2019:
|  | Three Months Ended |  |  |  |  |  |
|  | Gain Reclassified from AOCL into Earnings |  |  |  | Gain (Loss) Recognized in OCI on Derivatives |  |
(Dollars in thousands) |  | July 31, 2020 |  | August 2, 2019 |  | July 31, 2020 |  | August 2, 2019
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Forward currency contracts: |  |  |  |  |  |  |  |
Net sales |  | $ | 1,795 |  |  | $ | 1,350 |  |  | $ | (13,501) |  |  | $ | 2,022 |
Cost of sales |  | 158 |  |  | 140 |  |  | (1,384) |  |  | 241 |
Total derivatives designated as cash flow hedging instruments |  | $ | 1,953 |  |  | $ | 1,490 |  |  | $ | (14,885) |  |  | $ | 2,263 |
|  | Nine Months Ended |  |  |  |  |  |
|  | Gain Reclassified from AOCL into Earnings |  |  |  | Gain (Loss) Recognized in OCI on Derivatives |  |
(Dollars in thousands) |  | July 31, 2020 |  | August 2, 2019 |  | July 31, 2020 |  | August 2, 2019
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Forward currency contracts: |  |  |  |  |  |  |  |
Net sales |  | $ | 5,272 |  |  | $ | 3,828 |  |  | $ | (10,396) |  |  | $ | 1,307 |
Cost of sales |  | 698 |  |  | 497 |  |  | (1,163) |  |  | 113 |
Total derivatives designated as cash flow hedging instruments |  | $ | 5,970 |  |  | $ | 4,325 |  |  | $ | (11,559) |  |  | $ | 1,420 |
The following tables present the impact and location of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from effectiveness testing:
|  | Gain Recognized in Earnings on Cash Flow Hedging Instruments |  |  |  |  |  |
(Dollars in thousands) |  | July 31, 2020 |  |  |  | August 2, 2019 |  |
Three Months Ended |  | Net Sales |  | Cost of Sales |  | Net Sales |  | Cost of Sales
Condensed Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded |  | $ | 840,972 |  |  | $ | (546,398) |  |  | $ | 838,713 |  |  | $ | (572,732) |
Gain on derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Forward currency contracts: |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCL into earnings |  | 1,795 |  |  | 158 |  |  | 1,350 |  |  | 140 |
Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value |  | $ | 191 |  |  | $ | 86 |  |  | $ | 1,262 |  |  | $ | 18 |
|  | Gain Recognized in Earnings on Cash Flow Hedging Instruments |  |  |  |  |  |
(Dollars in thousands) |  | July 31, 2020 |  |  |  | August 2, 2019 |  |
Nine Months Ended |  | Net Sales |  | Cost of Sales |  | Net Sales |  | Cost of Sales
Condensed Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded |  | $ | 2,537,853 |  |  | $ | (1,648,474) |  |  | $ | 2,403,705 |  |  | $ | (1,600,809) |
Gain on derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Forward currency contracts: |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCL into earnings |  | 5,272 |  |  | 698 |  |  | 3,828 |  |  | 497 |
Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value |  | $ | 3,183 |  |  | $ | 231 |  |  | $ | 3,579 |  |  | $ | 34 |
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Not Designated as Hedging Instruments | The following table presents the impact and location of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments:
|  | Three Months Ended |  |  |  | Nine Months Ended |  |
(Dollars in thousands) |  | July 31, 2020 |  | August 2, 2019 |  | July 31, 2020 |  | August 2, 2019
Gain (loss) on derivatives not designated as cash flow hedging instruments |  |  |  |  |  |  |  |
Forward currency contracts: |  |  |  |  |  |  |  |
Other income, net |  | $ | (7,093) |  |  | $ | (555) |  |  | $ | (5,316) |  |  | $ | 172 |
Total gain (loss) on derivatives not designated as cash flow hedging instruments |  | $ | (7,093) |  |  | $ | (555) |  |  | $ | (5,316) |  |  | $ | 172 |

X
- Definition Tabular disclosure of derivative and other financial assets and liabilities that are subject to offsetting, including master netting arrangements. + References No definition available. + Details
Name: | ttc_OffsettingAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | ttc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration