Other Comprehensive Income Items (Tables)

6 Months Ended

May 01, 2022

Other Comprehensive Income Items

Schedule of After-Tax Changes in Accumulated Other Comprehensive Income (Loss)

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

	May 1		October 31		May 2
	2022		2021		2021
Cumulative translation adjustment	$	(125.1)	$	(54.5)	$	(30.2)
Unrealized gain (loss) on derivatives		47.5		6.8		(1.4)
Unrealized loss on debt securities		(2.1)		(1.7)		(1.5)
Total accumulated other comprehensive income (loss)	$	(79.7)	$	(49.4)	$	(33.1)

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 were as follows (in millions of dollars):

	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended May 1, 2022	Amount		Credit		Amount
Cumulative translation adjustment	$	(34.2)			$	(34.2)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		35.2	$	(7.3)		27.9
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(.2)				(.2)
Net unrealized gain (loss) on derivatives		35.0		(7.3)		27.7
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.2)				(.2)
Total other comprehensive income (loss)	$	.6	$	(7.3)	$	(6.7)
Six Months Ended May 1, 2022
Cumulative translation adjustment	$	(70.6)			$	(70.6)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		50.6	$	(10.6)		40.0
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		.9		(.2)		.7
Net unrealized gain (loss) on derivatives		51.5		(10.8)		40.7
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.5)		.1		(.4)
Total other comprehensive income (loss)	$	(19.6)	$	(10.7)	$	(30.3)
Three Months Ended May 2, 2021
Cumulative translation adjustment	$	3.6			$	3.6
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		.6	$	(.1)		.5
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		2.3		(.5)		1.8
Net unrealized gain (loss) on derivatives		2.9		(.6)		2.3
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.2)		.2
Total other comprehensive income (loss)	$	6.3	$	(.4)	$	5.9
Six Months Ended May 2, 2021
Cumulative translation adjustment	$	39.3			$	39.3
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		.1				.1
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		6.6	$	(1.4)		5.2
Net unrealized gain (loss) on derivatives		6.7		(1.4)		5.3
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.2)		.3		.1
Total other comprehensive income (loss)	$	45.8	$	(1.1)	$	44.7