XML 22 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER COMPREHENSIVE INCOME ITEMS
9 Months Ended
Jul. 30, 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

 

 

(23)

 

 

54

 

 

(2)

 

 

7

 

 

36

 

Amounts reclassified from accumulated other comprehensive income

 

 

110

 

 

 

 

 

3

 

 

(2)

 

 

111

 

Net current period other comprehensive income (loss)

 

 

87

 

 

54

 

 

1

 

 

5

 

 

147

 

Balance July 31, 2016

 

$

(3,414)

 

$

(1,184)

 

$

(1)

 

$

17

 

$

(4,582)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance October 30, 2016

 

$

(4,409)

 

$

(1,229)

 

$

1

 

$

11

 

$

(5,626)

 

Other comprehensive income (loss) items before reclassification

 

 

(13)

 

 

325

 

 

(1)

 

 

172

 

 

483

 

Amounts reclassified from accumulated other comprehensive income

 

 

134

 

 

 

 

 

2

 

 

(173)

 

 

(37)

 

Net current period other comprehensive income (loss)

 

 

121

 

 

325

 

 

1

 

 

(1)

 

 

446

 

Balance July 30, 2017

 

$

(4,288)

 

$

(904)

 

$

2

 

$

10

 

$

(5,180)

 

 

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 July 30, 2017

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

328

 

$

(2)

 

$

326

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 

(2)

 

 

1

 

 

(1)

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

1

 

 

 

 

 

1

 

Foreign exchange contracts – Other operating expense

 

 

 

 

 

 

 

 

 

 

Net unrealized gain (loss) on derivatives

 

 

(1)

 

 

1

 

 

 

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

11

 

 

(4)

 

 

7

 

Reclassification of realized (gain) loss – Other income

 

 

(96)

 

 

35

 

 

(61)

 

Net unrealized gain (loss) on investments

 

 

(85)

 

 

31

 

 

(54)

 

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

 

 

61

 

 

(22)

 

 

39

 

Prior service (credit) cost

 

 

3

 

 

(1)

 

 

2

 

Settlements/curtailments

 

 

1

 

 

(1)

 

 

 

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

 

 

 

 

 

 

 

 

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

 

 

(20)

 

 

8

 

 

(12)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

69

 

 

(25)

 

 

44

 

Total other comprehensive income (loss)

 

$

311

 

$

5

 

$

316

 

 

*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

 

Nine Months Ended July 30, 2017

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

327

 

$

(2)

 

$

325

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 

(2)

 

 

1

 

 

(1)

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

2

 

 

(1)

 

 

1

 

Foreign exchange contracts – Other operating expense

 

 

2

 

 

(1)

 

 

1

 

Net unrealized gain (loss) on derivatives

 

 

2

 

 

(1)

 

 

1

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

273

 

 

(101)

 

 

172

 

Reclassification of realized (gain) loss – Other income

 

 

(274)

 

 

101

 

 

(173)

 

Net unrealized gain (loss) on investments

 

 

(1)

 

 

 

 

 

(1)

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(10)

 

 

3

 

 

(7)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

182

 

 

(66)

 

 

116

 

Prior service (credit) cost

 

 

9

 

 

(3)

 

 

6

 

Settlements/curtailments

 

 

2

 

 

(1)

 

 

1

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(10)

 

 

4

 

 

(6)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

74

 

 

(27)

 

 

47

 

Prior service (credit) cost

 

 

(58)

 

 

22

 

 

(36)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

189

 

 

(68)

 

 

121

 

Total other comprehensive income (loss)

 

$

517

 

$

(71)

 

$

446

 

*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 July 31, 2016

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

(100)

 

$

1

 

$

(99)

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging gain (loss)

 

 

(1)

 

 

 

 

 

(1)

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

1

 

 

 

 

 

1

 

Foreign exchange contracts – Other operating expense

 

 

 

 

 

 

 

 

 

 

Net unrealized gain (loss) on derivatives

 

 

 

 

 

 

 

 

 

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

11

 

 

(4)

 

 

7

 

Reclassification of realized (gain) loss – Other income

 

 

(2)

 

 

1

 

 

(1)

 

Net unrealized gain (loss) on investments

 

 

9

 

 

(3)

 

 

6

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(7)

 

 

2

 

 

(5)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

51

 

 

(19)

 

 

32

 

Prior service (credit) cost

 

 

4

 

 

(1)

 

 

3

 

Settlements/curtailments

 

 

1

 

 

(1)

 

 

 

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

 

 

 

 

 

 

 

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

18

 

 

(6)

 

 

12

 

Prior service (credit) cost

 

 

(19)

 

 

7

 

 

(12)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

48

 

 

(18)

 

 

30

 

Total other comprehensive income (loss)

 

$

(43)

 

$

(20)

 

$

(63)

 

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

In the third quarter of 2017 and 2016, the noncontrolling interests’ comprehensive income (loss) was $.7 million and $(.2) million, respectively, which consisted of net income (loss) of $.5 million and $(.2) million and cumulative translation adjustments of $.2 million and none, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Before

    

Tax

    

After

 

 

 

Tax

 

(Expense)

 

Tax

 

Nine Months Ended July 31, 2016

 

Amount

 

Credit

 

Amount

 

Cumulative translation adjustment

 

$

54

 

 

 

 

$

54

 

Unrealized gain (loss) on derivatives:

 

 

 

 

 

 

 

 

 

 

Unrealized hedging (loss)

 

 

(3)

 

$

1

 

 

(2)

 

Reclassification of realized (gain) loss to:

 

 

 

 

 

 

 

 

 

 

Interest rate contracts – Interest expense

 

 

6

 

 

(2)

 

 

4

 

Foreign exchange contracts – Other operating expense

 

 

(1)

 

 

 

 

 

(1)

 

Net unrealized gain (loss) on derivatives

 

 

2

 

 

(1)

 

 

1

 

Unrealized gain (loss) on investments:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss)

 

 

10

 

 

(3)

 

 

7

 

Reclassification of realized (gain) loss – Other income

 

 

(3)

 

 

1

 

 

(2)

 

Net unrealized gain (loss) on investments

 

 

7

 

 

(2)

 

 

5

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

 

 

 

Pensions

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(24)

 

 

8

 

 

(16)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

155

 

 

(57)

 

 

98

 

Prior service (credit) cost

 

 

12

 

 

(4)

 

 

8

 

Settlements/curtailments

 

 

10

 

 

(4)

 

 

6

 

Health care and life insurance

 

 

 

 

 

 

 

 

 

 

Net actuarial gain (loss)

 

 

(11)

 

 

4

 

 

(7)

 

Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *

 

 

 

 

 

 

 

 

 

 

Actuarial (gain) loss

 

 

55

 

 

(20)

 

 

35

 

Prior service (credit) cost

 

 

(58)

 

 

21

 

 

(37)

 

Net unrealized gain (loss) on retirement benefits adjustments

 

 

139

 

 

(52)

 

 

87

 

Total other comprehensive income (loss)

 

$

202

 

$

(55)

 

$

147

 

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

In the first nine months of 2017 and 2016, the noncontrolling interests’ comprehensive income (loss) was $(.1) million and $(1.5) million, respectively, which consisted of net income (loss) of $(.3) million and $(1.6) million and cumulative translation adjustments of $.2 million and $.1 million, respectively.