Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Jan. 30, 2015

Other Comprehensive Income (Loss), Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss), net of tax, consisted of the following for the three months ended January 30, 2015 and January 24, 2014:

Three Months Ended January 30, 2015	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated Other Comprehensive Income (Loss)
Balance, October 31, 2014	$	70,820		$	(82,402	)	$	(8,088	)	$	(19,670	)
Other comprehensive income before reclassifications	(57,692		)	—			353			(57,339		)
Amounts reclassified from accumulated other comprehensive income	—			4,359			414			4,773
Balance, January 30, 2015	$	13,128		$	(78,043	)	$	(7,321	)	$	(72,236	)

Three Months Ended January 24, 2014	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated Other Comprehensive Income (Loss)
Balance, October 26, 2013	$	133,603		$	(70,940	)	$	(9,244	)	$	53,419
Other comprehensive income before reclassifications	(727		)	—			(369		)	(1,096		)
Amounts reclassified from accumulated other comprehensive income	—			1,723			313			2,036
Balance, January 24, 2014	$	132,876		$	(69,217	)	$	(9,300	)	$	54,359

¹We deem our foreign investments to be permanent in nature and therefore do not provide for taxes on foreign currency translation adjustments.

²Taxes on benefit obligations are recorded in the fourth quarter of each fiscal year.

³Amounts reclassified from accumulated other comprehensive income for financial instruments were net of taxes of $122 for the first quarter of 2015 and $123 for the first quarter of 2014.

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 Condensed 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 Condensed Consolidated Statements of Operations over the term of the related debt. See Note 7 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:

	Three Months Ended
	January 30, 2015		January 24, 2014
Cost of sales	$	1,609	$	673
Research and Development	715		222
Selling, General and Administrative	2,035		828
Total Before Income Taxes	$	4,359	$	1,723