XML 41 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER COMPREHENSIVE INCOME ITEMS (Tables)
9 Months Ended
Jul. 30, 2017
OTHER COMPREHENSIVE INCOME ITEMS  
Schedule of After-Tax Changes in Accumulated Other Comprehensive Income (Loss)

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)

 

 

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

 

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.