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STOCKHOLDERS' EQUITY | 6 Months Ended
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Apr. 30, 2019
Statement of Comprehensive Income [Abstract] |
STOCKHOLDERS EQUITY | STOCKHOLDERS' EQUITY Stock Repurchase Program On March 6, 2018, the Board of Directors approved a new stock repurchase program authorizing the purchase of up to $350 million of the company’s common stock, replacing a previously approved 2016 program authorizing the purchase of up to $200 million of the company’s common stock. 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. For the six months ended April 30, 2019, we repurchased 1,030,120 shares of common stock for $70 million. There were $1 million stock repurchases pending settlement as of April 30, 2019. For the six months ended April 30, 2018, we repurchased 773,352 shares of common stock for $40 million. There were $12 million stock repurchases pending settlement as of April 30, 2018. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component and related tax effects for the three and six months ended April 30, 2019 and 2018 were as follows:
|  | Unrealized gain (loss) on investments |  | Foreign currency translation |  | Net defined benefit pension cost and post retirement plan costs |  | Unrealized gains (losses) on derivatives |  | Total
|  |  |  | Actuarial losses |  | Prior service credits |  |
|  | (in millions)
As of January 31, 2019 |  | $ | — |  |  | $ | (30 | ) |  | $ | (432 | ) |  | $ | 16 |  |  | $ | (3 | ) |  | $ | (449 | )
Other comprehensive income (loss) before reclassifications |  | — |  |  | (16 | ) |  | — |  |  | — |  |  | — |  |  | (16 | )
Amounts reclassified out of accumulated other comprehensive loss |  | — |  |  | — |  |  | 12 |  |  | (5 | ) |  | — |  |  | 7 |
Tax (expense) benefit |  | — |  |  | — |  |  | (4 | ) |  | 1 |  |  | — |  |  | (3 | )
Other comprehensive income (loss) |  | — |  |  | (16 | ) |  | 8 |  |  | (4 | ) |  | — |  |  | (12 | )
As of April 30, 2019 |  | $ | — |  |  | $ | (46 | ) |  | $ | (424 | ) |  | $ | 12 |  |  | $ | (3 | ) |  | $ | (461 | )
As of October 31, 2018 |  | $ | — |  |  | $ | (60 | ) |  | $ | (445 | ) |  | $ | 19 |  |  | $ | (2 | ) |  | $ | (488 | )
Other comprehensive income (loss) before reclassifications |  | — |  |  | 14 |  |  | 2 |  |  | — |  |  | (2 | ) |  | 14 |
Amounts reclassified out of accumulated other comprehensive loss |  | — |  |  | — |  |  | 26 |  |  | (9 | ) |  | 1 |  |  | 18 |
Tax (expense) benefit |  | — |  |  | — |  |  | (7 | ) |  | 2 |  |  | — |  |  | (5 | )
Other comprehensive income (loss) |  | — |  |  | 14 |  |  | 21 |  |  | (7 | ) |  | (1 | ) |  | 27 |
As of April 30, 2019 |  | $ | — |  |  | $ | (46 | ) |  | $ | (424 | ) |  | $ | 12 |  |  | $ | (3 | ) |  | $ | (461 | )
As of January 31, 2018 |  | $ | 12 |  |  | $ | 2 |  |  | $ | (458 | ) |  | $ | 31 |  |  | $ | 1 |  |  | $ | (412 | )
Other comprehensive income (loss) before reclassifications |  | (1 | ) |  | (13 | ) |  | 1 |  |  | — |  |  | — |  |  | (13 | )
Amounts reclassified out of accumulated other comprehensive loss |  | — |  |  | — |  |  | 14 |  |  | (6 | ) |  | (1 | ) |  | 7 |
Tax (expense) benefit |  | 1 |  |  | — |  |  | (4 | ) |  | 2 |  |  | — |  |  | (1 | )
Other comprehensive income (loss) |  | — |  |  | (13 | ) |  | 11 |  |  | (4 | ) |  | (1 | ) |  | (7 | )
As of April 30, 2018 |  | $ | 12 |  |  | $ | (11 | ) |  | $ | (447 | ) |  | $ | 27 |  |  | $ | — |  |  | $ | (419 | )
As of October 31, 2017 |  | $ | 14 |  |  | $ | (39 | ) |  | $ | (468 | ) |  | $ | 35 |  |  | $ | 1 |  |  | $ | (457 | )
Other comprehensive income (loss) before reclassifications |  | (3 | ) |  | 28 |  |  | 1 |  |  | — |  |  | 2 |  |  | 28 |
Amounts reclassified out of accumulated other comprehensive loss |  | — |  |  | — |  |  | 27 |  |  | (11 | ) |  | (3 | ) |  | 13 |
Tax (expense) benefit |  | 1 |  |  | — |  |  | (7 | ) |  | 3 |  |  | — |  |  | (3 | )
Other comprehensive income (loss) |  | (2 | ) |  | 28 |  |  | 21 |  |  | (8 | ) |  | (1 | ) |  | 38 |
As of April 30, 2018 |  | $ | 12 |  |  | $ | (11 | ) |  | $ | (447 | ) |  | $ | 27 |  |  | $ | — |  |  | $ | (419 | )
Reclassifications out of accumulated other comprehensive loss for the three and six months ended April 30, 2019 and 2018 were as follows:
Details about Accumulated Other Comprehensive Loss Components |  |  |  |  |  | Affected Line Item in Statement of Operations
|  | Three Months Ended |  | Six Months Ended |  |
|  | April 30, |  | April 30, |  |
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |  |
Unrealized gain (loss) on derivatives |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3 |  |  | Cost of products
|  | — |  |  | — |  |  | (1 | ) |  | — |  |  | Selling, general and administrative
|  | — |  |  | — |  |  | — |  |  | — |  |  | Provision for income taxes
|  | — |  |  | 1 |  |  | (1 | ) |  | 3 |  |  | Net of income tax
Net defined benefit pension cost and post retirement plan costs: |  |  |  |  |  |  |  |  |  |
Actuarial net loss |  | (12 | ) |  | (14 | ) |  | (26 | ) |  | (27 | ) |  |
Prior service credits |  | 5 |  |  | 6 |  |  | 9 |  |  | 11 |  |  |
|  | (7 | ) |  | (8 | ) |  | (17 | ) |  | (16 | ) |  | Total before income tax
|  | 3 |  |  | 2 |  |  | 4 |  |  | 4 |  |  | Provision for income taxes
|  | (4 | ) |  | (6 | ) |  | (13 | ) |  | (12 | ) |  | Net of income tax
Total reclassifications for the period |  | $ | (4 | ) |  | $ | (5 | ) |  | $ | (14 | ) |  | $ | (9 | ) |  |
An amount in parentheses indicates a reduction to income and an increase to the accumulated other comprehensive loss. Reclassifications of prior service benefit and actuarial net loss in respect of retirement plans and post retirement pension plans are included in the computation of net periodic cost (see Note 12, "Retirement Plans and Post-Retirement Benefit 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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