OTHER COMPREHENSIVE INCOME ITEMS (Tables)

3 Months Ended

Feb. 02, 2020

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		Debt Securities		Income (Loss)
Balance October 28, 2018	$	(3,237)	$	(1,203)	$	15	$	(2)	$	(4,427)
ASU No. 2016-01 adoption								(8)		(8)
Other comprehensive income (loss) items before reclassification		1		(162)		(7)		8		(160)
Amounts reclassified from accumulated other comprehensive income		19				(2)				17
Net current period other comprehensive income (loss)		20		(162)		(9)		8		(143)
Balance January 27, 2019	$	(3,217)	$	(1,365)	$	6	$	(2)	$	(4,578)
Balance November 3, 2019	$	(3,915)	$	(1,651)	$	(60)	$	19	$	(5,607)
Other comprehensive income (loss) items before reclassification		186		43		(1)		5		233
Amounts reclassified from accumulated other comprehensive income		44				1				45
Net current period other comprehensive income (loss)		230		43				5		278
Balance February 2, 2020	$	(3,685)	$	(1,608)	$	(60)	$	24	$	(5,329)

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 February 2, 2020	Amount		Credit		Amount
Cumulative translation adjustment	$	43			$	43
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
Net unrealized gain (loss) on derivatives
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		6		(1)		5
Net unrealized gain (loss) on debt securities		6		(1)		5
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)		1				1
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss		62		(26)		36
Prior service (credit) cost		3		(1)		2
Settlements		3		(1)		2
OPEB
Net actuarial gain (loss)		245		(60)		185
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss		7		(2)		5
Prior service (credit) cost		(1)				(1)
Net unrealized gain (loss) on retirement benefits adjustment		320		(90)		230
Total other comprehensive income (loss)	$	369	$	(91)	$	278

(continued)

	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended January 27, 2019	Amount		Credit		Amount
Cumulative translation adjustment	$	(162)			$	(162)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(9)	$	2		(7)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(2)				(2)
Net unrealized gain (loss) on derivatives		(11)		2		(9)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		10		(2)		8
Net unrealized gain (loss) on debt securities		10		(2)		8
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)		1				1
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss		35		(8)		27
Prior service (credit) cost		3		(1)		2
OPEB
Reclassification to other operating expense through amortization of: *
Actuarial (gain) loss		5		(1)		4
Prior service (credit) cost		(18)		4		(14)
Net unrealized gain (loss) on retirement benefits adjustment		26		(6)		20
Total other comprehensive income (loss)	$	(137)	$	(6)	$	(143)

* These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail.