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DERIVATIVES (Tables)
 6 Months Ended
Apr. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Aggregated notional amounts by currency and designation The aggregated notional amounts by currency and designation as of April 30, 2019 were as follows:
 
 
Derivatives in Cash Flow
Hedging Relationships
 
Derivatives Not Designated as Hedging Instruments
 
 
Forward
Contracts
 
Forward
Contracts
Currency
 
Buy/(Sell)
 
Buy/(Sell)
 
 
(in millions)
Euro
 
$
14

 
$
153

British Pound
 
—

 
(55
)
Singapore Dollar
 
15

 
—

Malaysian Ringgit
 
84

 
1

Japanese Yen
 
(74
)
 
(38
)
Other currencies
 
(18
)
 
1

Total
 
$
21

 
$
62
Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet
Derivative instruments are subject to master netting arrangements and are disclosed gross in the balance sheet in accordance with the authoritative guidance. The gross fair values and balance sheet location of derivative instruments held in the condensed consolidated balance sheet as of April 30, 2019 and October 31, 2018 were as follows:
Fair Values of Derivative Instruments
Derivative Assets
 
Derivative Liabilities
 
 
Fair Value
 
 
 
Fair Value
Balance Sheet Location
 
April 30,
2019
 
October 31,
2018
 
Balance Sheet Location
 
April 30,
2019
 
October 31,
2018
 
 
(in millions)
 
 
 
(in millions)
Derivatives designated as hedging instruments:
 
 

 
 

 
 
 
 

 
 

Cash flow hedges
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
Other current assets
 
$
2

 
$
5

 
Other accrued liabilities
 
$
2

 
$
4

Derivatives not designated as hedging instruments:
 
 

 
 

 
 
 
 

 
 

Foreign exchange contracts
 
 

 
 

 
 
 
 

 
 

Other current assets
 
—

 
1

 
Other accrued liabilities
 
2

 
2

Total derivatives
 
$
2

 
$
6

 
 
 
$
4

 
$
6
Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations
The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and for those not designated as hedging instruments in our condensed consolidated statement of operations was as follows:
 
Three Months Ended
 
Six Months Ended
 
April 30,
 
April 30,
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Derivatives designated as hedging instruments:
 

 
 

 
 
 
 
Cash Flow Hedges
 
 
 
 
 
 
 
Foreign exchange contracts:
 
 
 
 
 
 
 
Gain (loss) recognized in accumulated other comprehensive income
$
—

 
$
—

 
$
(2
)
 
$
2

Gain (loss) reclassified from accumulated other comprehensive income into earnings:
 
 
 
 
 
 
 
Cost of products
$
—

 
$
1

 
$
—

 
$
3

Selling, general and administrative
$
—

 
$
—

 
$
(1
)
 
$
—

Amount excluded from effectiveness testing recognized in earnings based on changes in fair value:
 
 
 
 
 
 
 
Cost of products
$
—

 
$
—

 
$
1

 
$
—

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Gain (loss) recognized in other income (expense), net
$
(2
)
 
$
—

 
$
(5
)
 
$
1