Other Comprehensive Income Items

12 Months Ended

Oct. 31, 2021

Other Comprehensive Income Items

Other Comprehensive Income Items

Note 19. Other Comprehensive Income Items

The after-tax components of accumulated other comprehensive income (loss) at October 31, 2021, November 1, 2020, and November 3, 2019 were as follows (in millions of dollars):

	2021		2020		2019
Cumulative translation adjustment	$	(54.5)	$	(69.5)	$	(88.4)
Unrealized gain (loss) on derivatives		6.8		(6.7)		(7.0)
Unrealized gain (loss) on debt securities		(1.7)		(1.6)		(2.0)
Total accumulated other comprehensive income (loss)	$	(49.4)	$	(77.8)	$	(97.4)

Following are amounts recorded in and reclassifications out of other comprehensive income (loss) and the income tax effects (in millions of dollars):

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
2021
Cumulative translation adjustment	$	15.0			$	15.0
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		7.7	$	(1.6)		6.1
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		9.4		(2.0)		7.4
Net unrealized gain (loss) on derivatives		17.1		(3.6)		13.5
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.2)		.1		(.1)
Total other comprehensive income (loss)	$	31.9	$	(3.5)	$	28.4
2020
Cumulative translation adjustment	$	18.9			$	18.9
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(17.4)	$	3.6		(13.8)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		17.9		(3.8)		14.1
Net unrealized gain (loss) on derivatives		.5		(.2)		.3
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.9)		.4		(.5)
Reclassification of realized (gain) loss - Administrative and operating expenses		1.3		(.4)		.9
Net unrealized gain (loss) on debt securities		.4				.4
Total other comprehensive income (loss)	$	19.8	$	(.2)	$	19.6
2019
Cumulative translation adjustment	$	(7.7)			$	(7.7)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(22.2)	$	4.7		(17.5)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(5.5)		1.2		(4.3)
Net unrealized gain (loss) on derivatives		(27.7)		5.9		(21.8)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(2.7)		.7		(2.0)
Total other comprehensive income (loss)	$	(38.1)	$	6.6	$	(31.5)