OTHER COMPREHENSIVE INCOME ITEMS

3 Months Ended

Jan. 31, 2021

OTHER COMPREHENSIVE INCOME ITEMS

OTHER COMPREHENSIVE INCOME ITEMS

(5)  Other Comprehensive Income Items

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 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)
Balance November 1, 2020	$	(3,918)	$	(1,596)	$	(58)	$	33	$	(5,539)
Other comprehensive income (loss) items before reclassification		(1)		396				(2)		393
Amounts reclassified from accumulated other comprehensive income		64				4				68
Net current period other comprehensive income (loss)		63		396		4		(2)		461
Balance January 31, 2021	$	(3,855)	$	(1,200)	$	(54)	$	31	$	(5,078)

Amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, in millions of dollars follow:

	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended January 31, 2021	Amount		Credit		Amount
Cumulative translation adjustment	$	394	$	2	$	396
Unrealized gain (loss) on derivatives:
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		5		(1)		4
Net unrealized gain (loss) on derivatives		5		(1)		4
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(3)		1		(2)
Net unrealized gain (loss) on debt securities		(3)		1		(2)
Retirement benefits adjustment:
Net actuarial gain (loss)		(1)				(1)
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss		70		(17)		53
Prior service (credit) cost		2		(1)		1
Settlements		13		(3)		10
Net unrealized gain (loss) on retirement benefits adjustment		84		(21)		63
Total other comprehensive income (loss)	$	480	$	(19)	$	461

	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:
Net actuarial gain (loss)		246		(60)		186
Reclassification to other operating expenses through amortization of: *
Actuarial (gain) loss		69		(28)		41
Prior service (credit) cost		2		(1)		1
Settlements		3		(1)		2
Net unrealized gain (loss) on retirement benefits adjustment		320		(90)		230
Total other comprehensive income (loss)	$	369	$	(91)	$	278

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

In the first quarter of 2021 and 2020, the noncontrolling interests’ comprehensive income was none and $1 million, respectively, which consisted of net income.