XML 36 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Apr. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Effect of derivative instruments on the consolidated statement of operations
The effects of derivative instruments and hedging activities on the Consolidated Condensed Statements of Operations were as follows:
 
 
 
Three Months Ended
 
 
 
April 29, 2018
 
April 30, 2017
Effective Portion
 
Ineffective Portion and Amount
Excluded from
Effectiveness
Testing
 
Effective Portion
 
Ineffective Portion and Amount
Excluded from
Effectiveness
Testing
 
Location of Gain or
(Loss)
 
Gain or
(Loss)
 
Gain or (Loss)
Reclassified
from AOCI into
Income
 
Gain or (Loss)
Recognized in
Income
 
Gain or
(Loss)
 
Gain or (Loss)
Reclassified
from AOCI into
Income
 
Gain or (Loss)
Recognized in
Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
AOCI
 
$
2

 
$

 
$

 
$
2

 
$

 
$

Foreign exchange contracts
Cost of products sold
 

 
(12
)
 
4

 

 
10

 
(2
)
Foreign exchange contracts
General and administrative
 

 
5

 
(1
)
 

 
3

 
(1
)
Interest rate contracts
Interest expense
 

 
(1
)
 

 
(14
)
 
(1
)
 

Total
 
 
$
2

 
$
(8
)
 
$
3

 
$
(12
)
 
$
12

 
$
(3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
April 29, 2018
 
April 30, 2017
Effective Portion
 
Ineffective Portion and Amount
Excluded from
Effectiveness
Testing
 
Effective Portion
 
Ineffective Portion and Amount
Excluded from
Effectiveness
Testing
 
Location of Gain or
(Loss)
 
Gain or
(Loss)
 
Gain or (Loss)
Reclassified
from AOCI into
Income
 
Gain or (Loss)
Recognized in
Income
 
Gain or
(Loss)
 
Gain or (Loss)
Reclassified
from AOCI into
Income
 
Gain or (Loss)
Recognized in
Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
AOCI
 
$
(16
)
 
$

 
$

 
$
18


$

 
$

Foreign exchange contracts
Cost of products sold
 

 
(4
)
 
6

 

 
6

 
(3
)
Foreign exchange contracts
General and administrative
 

 
4

 
(3
)
 

 

 
(1
)
Interest rate contracts
Interest expense
 

 
(2
)
 

 
(14
)
 
(1
)
 

Total
 
 
$
(16
)
 
$
(2
)
 
$
3

 
$
4

 
$
5

 
$
(4
)
Derivatives not designated as hedging instruments in statement of operations
 
 
 
Amount of Gain or (Loss) 
Recognized in Income
 
 
Three Months Ended
 
Six Months Ended
Location of Gain or
(Loss) Recognized
in Income
 
April 29, 2018
 
April 30,
2017
 
April 29, 2018
 
April 30,
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
General and administrative
 
$
(2
)
 
$
(6
)
 
$
(10
)
 
$
25

Total
 
 
$
(2
)
 
$
(6
)
 
$
(10
)
 
$
25