Other Comprehensive Income Items

6 Months Ended

May 03, 2020

Other Comprehensive Income Items

Other Comprehensive Income Items

(3)  Other Comprehensive Income Items

The after-tax changes in accumulated other comprehensive income (loss) were as follows (in millions of dollars):

			Unrealized		Unrealized		Accumulated
	Cumulative		Gain (Loss)		Gain (Loss)		Other
	Translation		on		on		Comprehensive
	Adjustment		Derivatives		Debt Securities		Income (Loss)
Balance October 28, 2018	$	(80.7)	$	14.8			$	(65.9)
Other comprehensive income (loss) items before reclassification		(6.4)		(11.5)				(17.9)
Amounts reclassified from accumulated other comprehensive income				(3.6)				(3.6)
Net current period other comprehensive income (loss)		(6.4)		(15.1)				(21.5)
Balance April 28, 2019	$	(87.1)	$	(.3)			$	(87.4)
Balance November 3, 2019	$	(88.4)	$	(7.0)	$	(2.0)	$	(97.4)
Other comprehensive income (loss) items before reclassification		(21.8)		(13.0)		(.6)		(35.4)
Amounts reclassified from accumulated other comprehensive income				4.0				4.0
Net current period other comprehensive income (loss)		(21.8)		(9.0)		(.6)		(31.4)
Balance May 3, 2020	$	(110.2)	$	(16.0)	$	(2.6)	$	(128.8)

Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects (in millions of dollars):

	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended May 3, 2020	Amount		Credit		Amount
Cumulative translation adjustment	$	(17.0)			$	(17.0)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(14.9)	$	3.1		(11.8)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		3.9		(.8)		3.1
Net unrealized gain (loss) on derivatives		(11.0)		2.3		(8.7)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.6)		.4		(.2)
Total other comprehensive income (loss)	$	(28.6)	$	2.7	$	(25.9)
Six Months Ended May 3, 2020
Cumulative translation adjustment	$	(21.8)			$	(21.8)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(16.5)	$	3.5		(13.0)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		5.1		(1.1)		4.0
Net unrealized gain (loss) on derivatives		(11.4)		2.4		(9.0)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(1.5)		.9		(.6)
Total other comprehensive income (loss)	$	(34.7)	$	3.3	$	(31.4)
Three Months Ended April 28, 2019
Cumulative translation adjustment	$	(7.2)			$	(7.2)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(6.0)	$	1.3		(4.7)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(2.5)		.5		(2.0)
Net unrealized gain (loss) on derivatives		(8.5)		1.8		(6.7)
Total other comprehensive income (loss)	$	(15.7)	$	1.8	$	(13.9)
Six Months Ended April 28, 2019
Cumulative translation adjustment	$	(6.4)			$	(6.4)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(14.6)	$	3.1		(11.5)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(4.6)		1.0		(3.6)
Net unrealized gain (loss) on derivatives		(19.2)		4.1		(15.1)
Total other comprehensive income (loss)	$	(25.6)	$	4.1	$	(21.5)