DEERE & CO | 2013 | FY | 3

25. OTHER COMPREHENSIVE INCOME ITEMS

 

The after-tax changes in accumulated other comprehensive income in millions of dollars follow:

 

 

 

Retirement

 

Cumulative

 

Unrealized

 

Unrealized

 

 

 

Benefits

 

Translation

 

Gain (Loss) on

 

Gain (Loss) on

 

 

 

Adjustment

 

Adjustment

 

Derivatives

 

Investments

 

October 31, 2010

 

 

$

(3,797)

 

 

 

$

436

 

 

 

$

(30)

 

 

 

$

11

 

 

Current period

 

 

(338)

 

 

 

18

 

 

 

21

 

 

 

1

 

 

October 31, 2011

 

 

(4,135)

 

 

 

454

 

 

 

(9)

 

 

 

12

 

 

Current period

 

 

(624)

 

 

 

(270)

 

 

 

(5)

 

 

 

5

 

 

October 31, 2012

 

 

(4,759)

 

 

 

184

 

 

 

(14)

 

 

 

17

 

 

Current period

 

 

1,950

 

 

 

(71)

 

 

 

11

 

 

 

(11)

 

 

October 31, 2013

 

 

$

(2,809)

 

 

 

$

113

 

 

 

$

(3)

 

 

 

$

6

 

 

 

 

Following are reclassifications and income tax effects included in other comprehensive income (loss) in millions of dollars:

 

 

 

Before

 

Tax

 

After

 

 

 

Tax

 

(Expense)

 

Tax

 

 

 

Amount

 

Credit

 

Amount

 

2011

 

 

 

 

 

 

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

Net actuarial loss and prior service cost

 

$

(989)

 

$

368

 

$

(621)

 

Reclassification of actuarial loss and prior service cost to net income

 

450

 

(167)

 

283

 

Net unrealized loss

 

(539)

 

201

 

(338)

 

Cumulative translation adjustment

 

14

 

4

 

18

 

Unrealized gain on derivatives:

 

 

 

 

 

 

 

Hedging gain

 

31

 

(11)

 

20

 

Reclassification of realized loss to net income

 

1

 

 

 

1

 

Net unrealized gain

 

32

 

(11)

 

21

 

Unrealized holding gain and net unrealized gain on investments

 

2

 

(1)

 

1

 

Total other comprehensive income (loss)

 

$

(491)

 

$

193

 

$

(298)

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

Net actuarial loss and prior service cost

 

$

(1,341)

 

$

477

 

$

(864)

 

Reclassification of actuarial loss and prior service cost to net income

 

380

 

(140)

 

240

 

Net unrealized loss

 

(961)

 

337

 

(624)

 

Cumulative translation adjustment

 

(272)

 

2

 

(270)

 

Unrealized loss on derivatives:

 

 

 

 

 

 

 

Hedging loss

 

(61)

 

21

 

(40)

 

Reclassification of realized loss to net income

 

54

 

(19)

 

35

 

Net unrealized loss

 

(7)

 

2

 

(5)

 

Unrealized holding gain and net unrealized gain on investments

 

7

 

(2)

 

5

 

Total other comprehensive income (loss)

 

$

(1,233)

 

$

339

 

$

(894)

 

 

 

 

 

 

Before

 

Tax

 

After

 

 

 

Tax

 

(Expense)

 

Tax

 

 

 

Amount

 

Credit

 

Amount

 

2013

 

 

 

 

 

 

 

Retirement benefits adjustment:

 

 

 

 

 

 

 

Net actuarial gain and prior service credit

 

$

2,674

 

$

(978)

 

$

1,696

 

Reclassification of actuarial loss and prior service cost to net income

 

412

 

(158)

 

254

 

Net unrealized gain

 

3,086

 

(1,136)

 

1,950

 

Cumulative translation adjustment

 

(74)

 

3

 

(71)

 

Unrealized gain on derivatives:

 

 

 

 

 

 

 

Hedging gain

 

43

 

(14)

 

29

 

Reclassification of realized gain to net income

 

(27)

 

9

 

(18)

 

Net unrealized gain

 

16

 

(5)

 

11

 

Unrealized holding loss and net unrealized loss on investments

 

(17)

 

6

 

(11)

 

Total other comprehensive income (loss)

 

$

3,011

 

$

(1,132)

 

$

1,879

 

 

 

The noncontrolling interests’ comprehensive income was $.4 million in 2013, $6.6 million in 2012 and $7.9 million in 2011, which consisted of net income of $.3 million in 2013, $6.9 million in 2012 and $7.9 million in 2011 and cumulative translation adjustments of $.1 million in 2013, $(.3) million in 2012 and none in 2011.

 

us-gaap:ComprehensiveIncomeNoteTextBlock