Income Taxes (Tables)

9 Months Ended

Jul. 28, 2019

Income Taxes

Tax Reform Measurement Period Adjustments and Effects on Results

In 2019 and 2018, the Company recorded discrete tax adjustments related to the remeasurement of the Company’s net deferred tax liabilities to the new corporate income tax rate and for the deemed earnings repatriation tax (repatriation tax). Those adjustments for the third quarter and first nine months of 2019 and 2018 were as follows (in millions of dollars):

	Three Months Ended				Nine Months Ended
	July 28		July 29		July 28		July 29
	2019		2018		2019		2018
Net deferred tax liability remeasurement			$	(3.6)	$	4.8	$	(326.0)
Deemed earnings repatriation tax	$	(13.9)				(13.9)		15.7
Total discrete tax (benefit) expense	$	(13.9)	$	(3.6)	$	(9.1)	$	(310.3)