OTHER COMPREHENSIVE INCOME ITEMS (Tables)

3 Months Ended

Jan. 31, 2021

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 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)

Schedule of Amounts Recorded in and Reclassifications out of Other Comprehensive Income (Loss) and the Income Tax Effects

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.