Other Comprehensive Income Items (Tables)

9 Months Ended

Jul. 30, 2023

Other Comprehensive Income Items

Schedule of After-Tax Changes in Accumulated Other Comprehensive Income (Loss)

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

	July 30		October 30		July 31
	2023		2022		2022
Cumulative translation adjustment	$	(99.8)	$	(169.0)	$	(143.2)
Unrealized gain on derivatives		38.1		66.8		45.3
Unrealized loss on debt securities		(2.2)		(2.5)		(2.3)
Total accumulated other comprehensive income (loss)	$	(63.9)	$	(104.7)	$	(100.2)

Schedule of Amounts Recorded in and Reclassifications out of Other Comprehensive Income (Loss) and the Income Tax Effects

Amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, were as follows (in millions of dollars):

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
Three Months Ended July 30, 2023
Cumulative translation adjustment	$	4.0			$	4.0
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		23.8	$	(5.0)		18.8
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(18.3)		3.8		(14.5)
Net unrealized gain (loss) on derivatives		5.5		(1.2)		4.3
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		.5		(.2)		.3
Total other comprehensive income (loss)	$	10.0	$	(1.4)	$	8.6
Nine Months Ended July 30, 2023
Cumulative translation adjustment	$	69.2			$	69.2
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		18.2	$	(3.8)		14.4
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(54.5)		11.4		(43.1)
Net unrealized gain (loss) on derivatives		(36.3)		7.6		(28.7)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		.5		(.2)		.3
Total other comprehensive income (loss)	$	33.4	$	7.4	$	40.8
Three Months Ended July 31, 2022
Cumulative translation adjustment	$	(18.1)			$	(18.1)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		.8	$	(.2)		.6
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(3.6)		.8		(2.8)
Net unrealized gain (loss) on derivatives		(2.8)		.6		(2.2)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.3)		.1		(.2)
Total other comprehensive income (loss)	$	(21.2)	$	.7	$	(20.5)
Nine Months Ended July 31, 2022
Cumulative translation adjustment	$	(88.7)			$	(88.7)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		51.4	$	(10.8)		40.6
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(2.7)		.6		(2.1)
Net unrealized gain (loss) on derivatives		48.7		(10.2)		38.5
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.9)		.3		(.6)
Total other comprehensive income (loss)	$	(40.9)	$	(9.9)	$	(50.8)