Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Oct. 30, 2015

Other Comprehensive Income (Loss), Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 14 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss), net of tax, consists of the following:

	Foreign Currency Translation			Benefit Obligations			Financial Instruments			Accumulated Other Comprehensive Income (loss)
Balance, October 26, 2012	$	159,610		$	(99,407	)	$	(9,931	)	$	50,272
Other comprehensive income (loss), net of tax	(26,007		)	28,467			687			3,147
Balance, October 25, 2013	133,603			(70,940		)	(9,244		)	53,419
Other comprehensive income before reclassifications	(62,783		)	—			3,421			(59,362		)
Amounts reclassified from accumulated other comprehensive income	—			(11,462		)	(2,265		)	(13,727		)
Balance, October 31, 2014	70,820			(82,402		)	(8,088		)	(19,670		)
Other comprehensive income before reclassifications	(178,309		)	—			991			(177,318		)
Amounts reclassified from accumulated other comprehensive income	—			1,861			(371		)	1,490
Balance, October 30, 2015	$	(107,489	)	$	(80,541	)	$	(7,468	)	$	(195,498	)

The components of other comprehensive income (loss) are as follows:

For the Year Ended	October 30, 2015			October 31, 2014			October 25, 2013
Foreign Currency Translation	$	(178,309	)	$	(62,783	)	$	(26,007	)
Change in Benefit Obligations
(Increase)/decrease in net loss	(3,872		)	(24,201		)	35,612
Reclassification for recognition of net loss included in net periodic benefit cost	7,033			6,559			10,046
(Increase)/decrease in net prior service cost	(577		)	128			(482		)
Reclassification for amortization of prior service (credit) cost included in net periodic pension cost	356			352			320
Income tax benefit (provision)	(1,079		)	5,700			(17,029		)
Change in Benefit Obligations	1,861			(11,462		)	28,467
Change in Financial Instruments
Net unrealized holding gains (losses)	991			3,421			2,261
Reclassification adjustment for net gains (losses) included in net income	15			(1,542		)	(1,143		)
Income tax benefit (provision)	(386		)	(723		)	(431		)
Change in Financial Instruments	620			1,156			687
Other Comprehensive Income (Loss)	$	(175,828	)	$	(73,089	)	$	3,147

We deem our foreign investments to be permanent in nature and therefore do not provide for taxes on foreign currency translation adjustments.

Amounts related to financial instruments are reclassified from accumulated other comprehensive income (loss) to net income based on the nature of the instrument. Gains and losses on foreign currency contracts are reclassified to other expense (income) in the Consolidated Statement of Operations when the underlying hedged item is realized. Unamortized gains and losses on treasury lock contracts are reclassified ratably to interest expense in our Consolidated Statements of Operations over the term of the related debt. See Note 8 for further information on financial instrument reclassifications.

Amounts related to pension and post-retirement medical adjustments are reclassified from accumulated other comprehensive income (loss) to pension cost, which is allocated to cost of sales and operating expenses based on salaries and wages, approximately as follows:

	2015		2014		2013
Cost of Sales	$	3,003	$	2,656	$	4,056
Research and Development	885		964		1,352
Selling, General and Administrative	3,501		3,291		4,958
Total Before Income Taxes	$	7,389	$	6,911	$	10,366