OTHER COMPREHENSIVE INCOME ITEMS (Tables)

12 Months Ended

Oct. 31, 2015

OTHER COMPREHENSIVE INCOME ITEMS

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

The after-tax changes in accumulated other comprehensive income at October 31 in millions of dollars follow:

									Total
					Unrealized		Unrealized		Accumulated
	Retirement		Cumulative		Gain (Loss)		Gain (Loss)		Other
	Benefits		Translation		on		on		Comprehensive
	Adjustment		Adjustment		Derivatives		Investments		Income (Loss)
2012	$	(4,759)	$	184	$	(14)	$	17	$	(4,572)
Period Change		1,950		(71)		11		(11)		1,879
2013		(2,809)		113		(3)		6		(2,693)
Period Change		(684)		(416)		3		7		(1,090)
2014		(3,493)		(303)				13		(3,783)
Period Change		(8)		(935)		(2)		(1)		(946)
2015	$	(3,501)	$	(1,238)	$	(2)	$	12	$	(4,729)

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

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
2015
Cumulative translation adjustment	$	(938)	$	3	$	(935)
Unrealized gain (loss) on derivatives:
Unrealized hedging (loss)		(12)		4		(8)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		12		(4)		8
Foreign exchange contracts – Other operating expenses		(4)		2		(2)
Net unrealized (loss) on derivatives		(4)		2		(2)
Unrealized gain (loss) on investments:
Unrealized holding gain		12		(4)		8
Reclassification of realized (gain) loss - Other income		(14)		5		(9)
Net unrealized (loss) on investments		(2)		1		(1)
Retirement benefits adjustment:
Pensions
Net actuarial (loss) and prior service (cost)		(427)		151		(276)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income:*
Actuarial loss		223		(81)		142
Prior service cost		25		(9)		16
Settlements/curtailments		11		(4)		7
Health care and life insurance
Net actuarial gain and prior service credit		145		(52)		93
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income:*
Actuarial loss		91		(34)		57
Prior service (credit)		(77)		29		(48)
Settlements/curtailments		1				1
Net unrealized (loss) on retirement benefits adjustment		(8)				(8)
Total other comprehensive income (loss)	$	(952)	$	6	$	(946)

*These accumulated other comprehensive income amounts are included in net periodic postretirement costs. See Note 7 for additional detail.

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
2014
Cumulative translation adjustment:
Unrealized (loss) on translation adjustment	$	(427)	$	2	$	(425)
Reclassification of loss to Other operating expenses*		9				9
Net unrealized (loss) on translation adjustment		(418)		2		(416)
Unrealized gain (loss) on derivatives:
Unrealized hedging (loss)		(14)		5		(9)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		13		(5)		8
Foreign exchange contracts – Other operating expenses		6		(2)		4
Net unrealized gain on derivatives		5		(2)		3
Unrealized gain (loss) on investments:
Unrealized holding gain		10		(3)		7
Net unrealized gain on investments		10		(3)		7
Retirement benefits adjustment:
Pensions
Net actuarial (loss)		(940)		343		(597)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income:**
Actuarial loss		177		(64)		113
Prior service cost		25		(9)		16
Settlements/curtailments		9		(3)		6
Health care and life insurance
Net actuarial (loss) and prior service credit		(378)		138		(240)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income:**
Actuarial loss		33		(12)		21
Prior service (credit)		(3)		1		(2)
Settlements/curtailments		(1)				(1)
Net unrealized (loss) on retirement benefits adjustment		(1,078)		394		(684)
Total other comprehensive income (loss)	$	(1,481)	$	391	$	(1,090)

*Represents the accumulated translation adjustments related to the foreign subsidiaries of the Water operations that were sold (see Note 4).

**These accumulated other comprehensive income amounts are included in net periodic postretirement costs. See Note 7 for additional detail.

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
2013
Cumulative translation adjustment	$	(74)	$	3	$	(71)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain		43		(14)		29
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		22		(8)		14
Foreign exchange contracts – Other operating expenses		(49)		17		(32)
Net unrealized gain on derivatives		16		(5)		11
Unrealized gain (loss) on investments:
Unrealized holding (loss)		(17)		6		(11)
Net unrealized (loss) on investments		(17)		6		(11)
Retirement benefits adjustment:
Pensions
Net actuarial gain and prior service credit		1,507		(552)		955
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income:*
Actuarial loss		265		(101)		164
Prior service cost		12		(6)		6
Settlements/curtailments		2				2
Health care and life insurance
Net actuarial gain and prior service credit		1,167		(426)		741
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income:*
Actuarial loss		141		(54)		87
Prior service (credit)		(8)		3		(5)
Net unrealized gain on retirement benefits adjustment		3,086		(1,136)		1,950
Total other comprehensive income (loss)	$	3,011	$	(1,132)	$	1,879

*These accumulated other comprehensive income amounts are included in net periodic postretirement costs. See Note 7 for additional detail.