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RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS | 6 Months Ended
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Apr. 30, 2019
Defined Benefit Plan [Abstract] |
RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS | RETIREMENT PLANS AND POST-RETIREMENT BENEFIT PLANS For the three and six months ended April 30, 2019 and 2018, our net pension and post-retirement benefit cost (benefit) was comprised of the following:
| Pensions |  |  |  |
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | U.S. Post-Retirement Benefit Plan
| Three Months Ended April 30,
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
| (in millions)
Service cost—benefits earned during the period | $ | 5 |  |  | $ | 6 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 1 |
Interest cost on benefit obligation | 7 |  |  | 6 |  |  | 5 |  |  | 6 |  |  | 2 |  |  | 1 |
Expected return on plan assets | (10 | ) |  | (9 | ) |  | (20 | ) |  | (23 | ) |  | (3 | ) |  | (3 | )
Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss | 2 |  |  | 3 |  |  | 7 |  |  | 7 |  |  | 2 |  |  | 4 |
Prior service credit | (1 | ) |  | (2 | ) |  | — |  |  | — |  |  | (4 | ) |  | (4 | )
Settlement loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | — |
Net periodic benefit cost (benefit) | $ | 3 |  |  | $ | 4 |  |  | $ | (4 | ) |  | $ | (6 | ) |  | $ | (3 | ) |  | $ | (1 | )
| Pensions |  |  |  |
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | U.S. Post-Retirement Benefit Plan
| Six Months Ended April 30,
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
| (in millions)
Service cost—benefits earned during the period | $ | 10 |  |  | $ | 12 |  |  | $ | 7 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 1 |
Interest cost on benefit obligation | 14 |  |  | 12 |  |  | 11 |  |  | 12 |  |  | 4 |  |  | 3 |
Expected return on plan assets | (21 | ) |  | (18 | ) |  | (39 | ) |  | (44 | ) |  | (6 | ) |  | (7 | )
Amortization: |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss | 5 |  |  | 6 |  |  | 14 |  |  | 13 |  |  | 4 |  |  | 8 |
Prior service credit | (2 | ) |  | (4 | ) |  | — |  |  | — |  |  | (7 | ) |  | (7 | )
Settlement loss | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost (benefit) | $ | 6 |  |  | $ | 8 |  |  | $ | (5 | ) |  | $ | (12 | ) |  | $ | (5 | ) |  | $ | (2 | )
We record the service cost component of net periodic benefit cost (benefit) in the same line item as other employee compensation costs and the non-service components of net periodic benefit cost (benefit) such as interest cost, expected return on assets, amortization of prior service cost, and actuarial gains or losses are reported within other income (expense) in the condensed consolidated statement of operations. We did not contribute to our U.S. Defined Benefit Plans or U.S. Post-Retirement Benefit Plan during the three and six months ended April 30, 2019 and 2018. We contributed $7 million and $15 million to our Non-U.S. Defined Benefit Plans during the three and six months ended April 30, 2019, respectively, and we contributed $7 million and $16 million to our Non-U.S. Defined Benefit Plans during the three and months ended April 30, 2018, respectively. For the remainder of 2019, we do not expect to contribute to our U.S. Defined Benefit Plans, and we expect to contribute $15 million to our Non-U.S. Defined Benefit Plans. On January 1, 2019, we transferred a portion of the assets and liabilities of our Switzerland defined benefit plan to an insurance company, resulting in the recognition of a settlement loss of $2 million, which is included in other income (expense) in the condensed consolidated statement of operations.

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- References No definition available. + Details
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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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