Other Comprehensive Income Items

9 Months Ended

Jul. 31, 2022

Other Comprehensive Income Items

Other Comprehensive Income Items

(3)  Other Comprehensive Income Items

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

	July 31		October 31		August 1
	2022		2021		2021
Cumulative translation adjustment	$	(143.2)	$	(54.5)	$	(46.9)
Unrealized gain (loss) on derivatives		45.3		6.8		(.8)
Unrealized loss on debt securities		(2.3)		(1.7)		(1.7)
Total accumulated other comprehensive income (loss)	$	(100.2)	$	(49.4)	$	(49.4)

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 July 31, 2022	Amount		Credit		Amount
Cumulative translation adjustment	$	(18.1)			$	(18.1)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		.8	$	(.2)		.6
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(3.6)		.8		(2.8)
Net unrealized gain (loss) on derivatives		(2.8)		.6		(2.2)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.3)		.1		(.2)
Total other comprehensive income (loss)	$	(21.2)	$	.7	$	(20.5)
Nine Months Ended July 31, 2022
Cumulative translation adjustment	$	(88.7)			$	(88.7)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		51.4	$	(10.8)		40.6
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(2.7)		.6		(2.1)
Net unrealized gain (loss) on derivatives		48.7		(10.2)		38.5
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.9)		.3		(.6)
Total other comprehensive income (loss)	$	(40.9)	$	(9.9)	$	(50.8)
Three Months Ended August 1, 2021
Cumulative translation adjustment	$	(16.7)			$	(16.7)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(.9)	$	.2		(.7)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		1.6		(.3)		1.3
Net unrealized gain (loss) on derivatives		.7		(.1)		.6
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)				(.2)		(.2)
Total other comprehensive income (loss)	$	(16.0)	$	(.3)	$	(16.3)
Nine Months Ended August 1, 2021
Cumulative translation adjustment	$	22.6			$	22.6
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(.8)	$	.2		(.6)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		8.2		(1.7)		6.5
Net unrealized gain (loss) on derivatives		7.4		(1.5)		5.9
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(.2)		.1		(.1)
Total other comprehensive income (loss)	$	29.8	$	(1.4)	$	28.4