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STOCKHOLDERS' EQUITY | 12 Months Ended
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Oct. 31, 2019
Statement of Comprehensive Income [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY Stock Repurchase Program On May 29, 2019, the Board of Directors approved a new stock repurchase program authorizing the purchase of up to $500 million of the company’s common stock, replacing a previously approved 2018 program authorizing the purchase of up to $350 million of the company's common stock, of which $160 million remained. Under the new program, shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means. All such shares and related costs are held as treasury stock and accounted for at trade date using the cost method. The stock repurchase program may be commenced, suspended or discontinued at any time at the company’s discretion and does not have an expiration date. In 2019 we repurchased 2,093,570 shares of common stock for $160 million. In 2018 we repurchased 2,075,460 shares of common stock for $120 million. In 2017 we did not repurchase any shares of common stock under the stock repurchase program. All such shares and related costs are held as treasury stock and accounted for at trade date using the cost method. Accumulated other comprehensive loss The following table summarizes the components of our accumulated other comprehensive loss as of October 31, 2019 and 2018, net of tax effect:
| October 31,
| 2019 |  | 2018
| (in millions)
Unrealized gain on equity securities, net of tax (expense) of zero and $(2) | $ | — |  |  | $ | — |
Foreign currency translation, net of tax (expense) of $(63) and $(63) | (43 | ) |  | (60 | )
Unrealized losses on defined benefit plans, net of tax benefit of $113 and $81 | (532 | ) |  | (426 | )
Unrealized losses on derivative instruments, net of tax (expense) of zero and $(1) | (3 | ) |  | (2 | )
Total accumulated other comprehensive loss | $ | (578 | ) |  | $ | (488 | )
Changes in accumulated other comprehensive income (loss) by component and related tax effects for the years ended October 31, 2019 and 2018 were as follows:
|  |  |  |  | Net defined benefit pension cost and post retirement plan costs: |  |  |  |
| Unrealized gain (loss) on equity securities |  | Foreign currency translation |  | Actuarial Losses |  | Prior service credits |  | Unrealized gains (losses) on derivatives |  | Total
| (in millions)
At October 31, 2017 | $ | 14 |  |  | $ | (39 | ) |  | $ | (468 | ) |  | $ | 35 |  |  | $ | 1 |  |  | $ | (457 | )
Other comprehensive income (loss) before reclassifications | (17 | ) |  | (21 | ) |  | (23 | ) |  | — |  |  | — |  |  | (61 | )
Amounts reclassified out of accumulated other comprehensive income (loss) | — |  |  | — |  |  | 53 |  |  | (22 | ) |  | (4 | ) |  | 27 |
Tax (expense) benefit | 3 |  |  | — |  |  | (7 | ) |  | 6 |  |  | 1 |  |  | 3 |
Other comprehensive income (loss) for the twelve months ended October 31, 2018 | (14 | ) |  | (21 | ) |  | 23 |  |  | (16 | ) |  | (3 | ) |  | (31 | )
At October 31, 2018 | — |  |  | (60 | ) |  | (445 | ) |  | 19 |  |  | (2 | ) |  | (488 | )
Other comprehensive income (loss) before reclassifications | — |  |  | 17 |  |  | (168 | ) |  | — |  |  | (5 | ) |  | (156 | )
Amounts reclassified out of accumulated other comprehensive income (loss) | — |  |  | — |  |  | 49 |  |  | (19 | ) |  | 3 |  |  | 33 |
Tax (expense) benefit | — |  |  | — |  |  | 28 |  |  | 4 |  |  | 1 |  |  | 33 |
Other comprehensive income (loss) for the twelve months ended October 31, 2019 | — |  |  | 17 |  |  | (91 | ) |  | (15 | ) |  | (1 | ) |  | (90 | )
At October 31, 2019 | $ | — |  |  | $ | (43 | ) |  | $ | (536 | ) |  | $ | 4 |  |  | $ | (3 | ) |  | $ | (578 | )
Reclassifications out of accumulated other comprehensive loss for the years ended October 31, 2019 and 2018 were as follows:
Details about accumulated other comprehensive loss components |  | Amounts reclassified from other comprehensive loss |  | Affected line item in statement of operations
|  | Year Ended October 31, |  |
|  | 2019 |  | 2018 |  |
|  | (in millions) |  |
Unrealized gains (losses) on derivatives |  | $ | (1 | ) |  | $ | 4 |  |  | Cost of products
|  | (2 | ) |  | — |  |  | Selling, general and administrative
|  | — |  |  | (1 | ) |  | Provision for income tax
|  | (3 | ) |  | 3 |  |  | Net of Income Tax
Net defined benefit pension cost and post retirement plan costs: |  |  |  |  |  |
Net actuarial losses |  | (49 | ) |  | (53 | ) |  |
Prior service credits |  | 19 |  |  | 22 |  |  |
|  | (30 | ) |  | (31 | ) |  | Total before income tax
|  | 7 |  |  | 9 |  |  | Provision for income tax
|  | (23 | ) |  | (22 | ) |  | Net of income tax
Total reclassifications for the period |  | $ | (26 | ) |  | $ | (19 | ) |  |
An amount in parentheses indicates a reduction to income and an increase to the accumulated other comprehensive income. Reclassifications of prior service credits and net actuarial losses in respect of retirement plans and post retirement pension plans are included in the computation of net periodic cost (see Note 15, "Retirement Plans and Post Retirement Pension Plans").

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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