PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

May 03, 2020

PENSION AND OTHER POSTRETIREMENT BENEFITS

Schedule of Components of Net Periodic Pension and OPEB Cost

The worldwide components of net periodic pension cost consisted of the following in millions of dollars:

	Three Months Ended				Six Months Ended
	May 3		April 28		May 3		April 28
	2020		2019		2020		2019
Service cost	$	77	$	66	$	161	$	132
Interest cost		87		111		174		222
Expected return on plan assets		(204)		(200)		(409)		(400)
Amortization of actuarial loss		62		36		124		71
Amortization of prior service cost		3		3		6		6
Settlements		3				6
Net cost	$	28	$	16	$	62	$	31

The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars:

	Three Months Ended				Six Months Ended
	May 3		April 28		May 3		April 28
	2020		2019		2020		2019
Service cost	$	12	$	10	$	24	$	20
Interest cost		35		53		72		107
Expected return on plan assets		(12)		(9)		(24)		(18)
Amortization of actuarial loss		7		3		14		8
Amortization of prior service credit		(1)		(18)		(2)		(36)
Curtailments						21
Net cost	$	41	$	39	$	105	$	81