OTHER COMPREHENSIVE INCOME ITEMS

3 Months Ended

Jan. 29, 2017

OTHER COMPREHENSIVE INCOME ITEMS

OTHER COMPREHENSIVE INCOME ITEMS

(4)  The after-tax changes in accumulated other comprehensive income (loss) 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)
Balance November 1, 2015	$	(3,501)	$	(1,238)	$	(2)	$	12	$	(4,729)
Other comprehensive income (loss) items before reclassification		(2)		(158)		(1)		(10)		(171)
Amounts reclassified from accumulated other comprehensive income		40				1		(1)		40
Net current period other comprehensive income (loss)		38		(158)				(11)		(131)
Balance January 31, 2016	$	(3,463)	$	(1,396)	$	(2)	$	1	$	(4,860)
Balance October 30, 2016	$	(4,409)	$	(1,229)	$	1	$	11	$	(5,626)
Other comprehensive income (loss) items before reclassification		(1)		(18)		2		(5)		(22)
Amounts reclassified from accumulated other comprehensive income		44						(1)		43
Net current period other comprehensive income (loss)		43		(18)		2		(6)		21
Balance January 29, 2017	$	(4,366)	$	(1,247)	$	3	$	5	$	(5,605)

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
Three Months Ended January 29, 2017	Amount		Credit		Amount
Cumulative translation adjustment	$	(19)	$	1	$	(18)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		4		(2)		2
Reclassification of realized (gain) loss to:
Foreign exchange contracts – Other operating expense		(1)		1
Net unrealized gain (loss) on derivatives		3		(1)		2
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)		(7)		2		(5)
Reclassification of realized (gain) loss – Other income		(1)				(1)
Net unrealized gain (loss) on investments		(8)		2		(6)
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)		(1)				(1)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		60		(22)		38
Prior service (credit) cost		3		(1)		2
Health care and life insurance
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		25		(9)		16
Prior service (credit) cost		(19)		7		(12)
Net unrealized gain (loss) on retirement benefits adjustments		68		(25)		43
Total other comprehensive income (loss)	$	44	$	(23)	$	21

* 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
Three Months Ended January 31, 2016	Amount		Credit		Amount
Cumulative translation adjustment	$	(158)			$	(158)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(1)				(1)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		3	$	(1)		2
Foreign exchange contracts – Other operating expense		(2)		1		(1)
Net unrealized gain (loss) on derivatives
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)		(10)				(10)
Reclassification of realized (gain) loss – Other income		(1)				(1)
Net unrealized gain (loss) on investments		(11)				(11)
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)		(3)		1		(2)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		52		(19)		33
Prior service (credit) cost		4		(2)		2
Settlements/curtailments		7		(2)		5
Health care and life insurance
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss		19		(7)		12
Prior service (credit) cost		(19)		7		(12)
Net unrealized gain (loss) on retirement benefits adjustments		60		(22)		38
Total other comprehensive income (loss)	$	(109)	$	(22)	$	(131)

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

In the first quarter of 2017 and 2016, the noncontrolling interests’ comprehensive income (loss) was $(.6) million in both periods, which consisted of net income (loss) of $(.6) million in both periods.