Other Comprehensive Income Items

12 Months Ended

Oct. 29, 2023

Other Comprehensive Income Items

Other Comprehensive Income Items

Note 18. Other Comprehensive Income Items

The after-tax components of accumulated other comprehensive income (loss) at October 29, 2023, October 30, 2022, and October 31, 2021 were as follows:

	2023		2022		2021
Cumulative translation adjustment	$	(136.8)	$	(169.0)	$	(54.5)
Unrealized gain on derivatives		34.8		66.8		6.8
Unrealized loss on debt securities		(2.4)		(2.5)		(1.7)
Total accumulated other comprehensive income (loss)	$	(104.4)	$	(104.7)	$	(49.4)

The following reflect amounts recorded in and reclassifications out of other comprehensive income (loss) and the income tax effects:

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
2023
Cumulative translation adjustment	$	32.2			$	32.2
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		25.4	$	(5.3)		20.1
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(65.9)		13.8		(52.1)
Net unrealized gain (loss) on derivatives		(40.5)		8.5		(32.0)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		.1				.1
Total other comprehensive income (loss)	$	(8.2)	$	8.5	$	.3
2022
Cumulative translation adjustment	$	(114.5)			$	(114.5)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		88.3	$	(18.5)		69.8
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(12.4)		2.6		(9.8)
Net unrealized gain (loss) on derivatives		75.9		(15.9)		60.0
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(1.1)		.3		(.8)
Total other comprehensive income (loss)	$	(39.7)	$	(15.6)	$	(55.3)
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