OTHER COMPREHENSIVE INCOME ITEMS

12 Months Ended

Oct. 29, 2023

OTHER COMPREHENSIVE INCOME ITEMS

OTHER COMPREHENSIVE INCOME ITEMS

23. OTHER COMPREHENSIVE INCOME ITEMS

The after-tax components of accumulated other comprehensive income (loss) follow:

		2023		2022		2021
Retirement benefits adjustment	$	(845)	$	(389)	$	(1,034)
Cumulative translation adjustment		(2,151)		(2,594)		(1,478)
Unrealized gain (loss) on derivatives		(8)		21		(42)
Unrealized gain (loss) on debt securities		(110)		(94)		15
Total accumulated other comprehensive income (loss)	$	(3,114)	$	(3,056)	$	(2,539)

The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss).

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
2023
Cumulative translation adjustment
Unrealized translation gain (loss)	$	424	$	(2)	$	422
Reclassification of realized (gain) loss to:
SA&G expenses		10				10
Other operating expenses		11				11
Net unrealized translation gain (loss)		445		(2)		443
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		25		(5)		20
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(62)		13		(49)
Net unrealized gain (loss) on derivatives		(37)		8		(29)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(20)		4		(16)
Net unrealized gain (loss) on debt securities		(20)		4		(16)
Retirement benefits adjustment:
Net actuarial gain (loss)		(589)		139		(450)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(81)		20		(61)
Prior service (credit) cost		37		(9)		28
Settlements		37		(10)		27
Net unrealized gain (loss) on retirement benefits adjustment		(596)		140		(456)
Total other comprehensive income (loss)	$	(208)	$	150	$	(58)

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
2022
Cumulative translation adjustment	$	(1,105)	$	(11)	$	(1,116)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		89		(19)		70
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(9)		2		(7)
Net unrealized gain (loss) on derivatives		80		(17)		63
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(140)		30		(110)
Reclassification of realized (gain) loss – Other income		1				1
Net unrealized gain (loss) on debt securities		(139)		30		(109)
Retirement benefits adjustment:
Net actuarial gain (loss)		1,192		(298)		894
Prior service credit (cost)		(517)		124		(393)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		116		(29)		87
Prior service (credit) cost		30		(7)		23
Settlements/curtailment		45		(11)		34
Net unrealized gain (loss) on retirement benefits adjustment		866		(221)		645
Total other comprehensive income (loss)	$	(298)	$	(219)	$	(517)

	Before		Tax		After
	Tax		(Expense)		Tax
	Amount		Credit		Amount
2021
Cumulative translation adjustment:
Unrealized translation gain (loss)	$	112			$	112
Reclassification of realized (gain) loss to:
Equity in (income) loss of unconsolidated affiliates		6				6
Net unrealized translation gain (loss)		118				118
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		8	$	(2)		6
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		13		(3)		10
Net unrealized gain (loss) on derivatives		21		(5)		16
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(21)		3		(18)
Net unrealized gain (loss) on debt securities		(21)		3		(18)
Retirement benefits adjustment:
Net actuarial gain (loss)		3,492		(845)		2,647
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		283		(69)		214
Prior service (credit) cost		8		(2)		6
Settlements		22		(5)		17
Net unrealized gain (loss) on retirement benefits adjustment		3,805		(921)		2,884
Total other comprehensive income (loss)	$	3,923	$	(923)	$	3,000