OTHER COMPREHENSIVE INCOME ITEMS

3 Months Ended

Jan. 31, 2014

OTHER COMPREHENSIVE INCOME ITEMS

OTHER COMPREHENSIVE INCOME ITEMS

(4) The after-tax changes in accumulated other comprehensive income (loss) in millions of dollars follow:

	Retirement Benefits Adjustment		Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Unrealized Gain (Loss) on Investments		Total Accumulated Other Comprehensive Income (Loss)
Balance October 31, 2013	$	(2,809)	$	113	$	(3)	$	6	$	(2,693)
Other comprehensive income (loss) items before reclassification	12		(168)		(3)		(1)		(160)
Amounts reclassified from accumulated other comprehensive income	38				6				44
Net current period other comprehensive income (loss)	50		(168)		3		(1)		(116)
Balance January 31, 2014	$	(2,759)	$	(55)			$	5	$	(2,809)

The details about reclassifications of gains (losses) out of accumulated other comprehensive income (loss) in millions of dollars follows:

	Three Months Ended January 31, 2014
Loss on derivatives
Interest rate contracts – Interest expense	$	(4)
Foreign exchange contracts – Other expense	(5)
Total	(9)
Tax credit	3
After-tax amount	(6)
Amortization of retirement benefit adjustments *
Pensions
Actuarial losses	(43)
Prior service costs	(6)
Settlements/curtailments	(2)
Health care and life insurance
Actuarial losses	(9)
Prior service credit	1
Total	(59)
Tax credit	21
After-tax amount	(38)
Total after-tax reclassifications for the period	$	(44)

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

The items included in other comprehensive income (loss) and the related tax effects in millions of dollars follow:

Three Months Ended January 31, 2014	Before Tax Amount			Tax (Expense) Credit			After Tax Amount
Net unrealized gain on retirement benefits adjustment	$	77.8		$	(27.7	)	$	50.1
Cumulative translation adjustment	(169.4		)	1.4			(168.0		)
Net unrealized gain on derivatives	4.5			(1.6		)	2.9
Net unrealized loss on investments	(2.1		)	.8			(1.3		)
Total other comprehensive income (loss)	$	(89.2	)	$	(27.1	)	$	(116.3	)

Three Months Ended January 31, 2013	Before Tax Amount			Tax (Expense) Credit			After Tax Amount
Net unrealized gain on retirement benefits adjustment	$	112.2		$	(42.1	)	$	70.1
Cumulative translation adjustment	13.2			7.1			20.3
Net unrealized gain on derivatives	5.8			(2.0		)	3.8
Net unrealized loss on investments	(3.4		)	1.3			(2.1		)
Total other comprehensive income (loss)	$	127.8		$	(35.7	)	$	92.1

In the first quarter of 2014, the noncontrolling interests’ comprehensive income was $.2 million, which consisted of net income of $.2 million.  In the first quarter of 2013, the noncontrolling interests’ comprehensive income was none, which consisted of a net loss of $(.1) million and cumulative translation adjustments of $.1 million.