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INCOME TAXES (Tables) | 12 Months Ended
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Oct. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The domestic and foreign components of income (loss) before taxes are:
| Year Ended October 31,
| 2020 |  | 2019 |  | 2018
| (in millions)
U.S. operations | $ | 68 |  |  | $ | 20 |  |  | $ | (532 | )
Non-U.S. operations | 693 |  |  | 695 |  |  | 121 |
Total income (loss) before taxes | $ | 761 |  |  | $ | 715 |  |  | $ | (411 | )
Components Of Income Tax Expense Disclosure | The provision (benefit) for income taxes is comprised of:
| Year Ended October 31,
| 2020 |  | 2019 |  | 2018
| (in millions)
U.S. federal taxes: |  |  |  |  |
Current | $ | 16 |  |  | $ | 10 |  |  | $ | 131 |
Deferred | 1 |  |  | (8 | ) |  | 46 |
Non-U.S. taxes: |  |  |  |  |
Current | 77 |  |  | 91 |  |  | 75 |
Deferred | 36 |  |  | 14 |  |  | (832 | )
State taxes, net of federal benefit: |  |  |  |  |
Current | — |  |  | (5 | ) |  | 7 |
Deferred | 4 |  |  | (8 | ) |  | (3 | )
Total provision (benefit) for income taxes | $ | 134 |  |  | $ | 94 |  |  | $ | (576 | )
Income Tax Effects On Net Deferred Tax Assets Liabilities Disclosure | The significant components of deferred tax assets and deferred tax liabilities included in the consolidated balance sheet are:
| October 31,
| 2020 |  | 2019
| Deferred Tax Assets |  | Deferred Tax Liabilities |  | Deferred Tax Assets |  | Deferred Tax Liabilities
| (in millions)
Inventory | $ | 10 |  |  | $ | — |  |  | $ | 10 |  |  | $ | (2 | )
Intangibles | 597 |  |  | (38 | ) |  | 630 |  |  | (38 | )
Property, plant and equipment | 21 |  |  | (31 | ) |  | 17 |  |  | (24 | )
Warranty reserves | 8 |  |  | (1 | ) |  | 9 |  |  | (1 | )
Pension benefits | 90 |  |  | (84 | ) |  | 86 |  |  | (76 | )
Employee benefits, other than retirement | 28 |  |  | (1 | ) |  | 29 |  |  | (1 | )
Net operating loss, capital loss, and credit carryforwards | 286 |  |  | — |  |  | 283 |  |  | — |
Unremitted earnings of foreign subsidiaries | — |  |  | (37 | ) |  | — |  |  | (12 | )
Share-based compensation | 16 |  |  | — |  |  | 15 |  |  | — |
Deferred revenue | 32 |  |  | (3 | ) |  | 25 |  |  | (5 | )
Other | 10 |  |  | (11 | ) |  | 14 |  |  | (12 | )
Subtotal | 1,098 |  |  | (206 | ) |  | 1,118 |  |  | (171 | )
Tax valuation allowance | (238 | ) |  | — |  |  | (240 | ) |  | — |
Total deferred tax assets or deferred tax liabilities | $ | 860 |  |  | $ | (206 | ) |  | $ | 878 |  |  | $ | (171 | )
Summary Of Income Tax Expense Reconciliation | The differences between the U.S. federal statutory income tax rate and our effective tax rate are:
| Year Ended October 31,
| 2020 |  | 2019 |  | 2018
| (in millions)
Profit(loss) before tax times statutory rate | $ | 160 |  |  | $ | 150 |  |  | $ | (96 | )
State income taxes, net of federal benefit | 4 |  |  | (6 | ) |  | 2 |
Current U.S. tax on foreign earnings | 39 |  |  | 48 |  |  | 210 |
Deferred taxes on foreign earnings not considered indefinitely reinvested | 8 |  |  | 2 |  |  | (300 | )
U.S. benefit on foreign sales | (8 | ) |  | (13 | ) |  | — |
U.S. research credits | (14 | ) |  | (12 | ) |  | (10 | )
Non-U.S. income taxed at different rates | (64 | ) |  | (70 | ) |  | 16 |
Change in unrecognized tax benefits | 8 |  |  | (12 | ) |  | 86 |
Share-based compensation | (7 | ) |  | (5 | ) |  | (2 | )
Officers’ compensation | 5 |  |  | 4 |  |  | 2 |
Singapore tax incentive and amortization | — |  |  | — |  |  | (591 | )
Goodwill impairment | — |  |  | — |  |  | 99 |
U.S. federal statutory tax rate change | — |  |  | — |  |  | 10 |
Other, net | 3 |  |  | 8 |  |  | (2 | )
Provision (benefit) for income taxes | $ | 134 |  |  | $ | 94 |  |  | $ | (576 | )
Effective tax rate | 18 | % |  | 13 | % |  | 140 | %
Current and Long Term Tax Assets and Liabilities | The breakdown between current and long-term income tax assets and liabilities, excluding deferred tax assets and liabilities, was as follows for the years 2020 and 2019:
| October 31,
| 2020 |  | 2019
| (in millions)
Current income tax assets (included within other current assets) | $ | 53 |  |  | $ | 40 |
Current income tax liabilities (included within income and other taxes payable) | (40 | ) |  | (35 | )
Long-term income tax assets (included within other assets) | — |  |  | — |
Long-term income tax liabilities (included within other long-term liabilities) | (212 | ) |  | (198 | )
Total | $ | (199 | ) |  | $ | (193 | )
Summary of Income Tax Contingencies | The aggregate changes in the balances of our unrecognized tax benefits including all federal, state and foreign tax jurisdictions are as follows:
| 2020 |  | 2019 |  | 2018
| (in millions)
Gross Balance, beginning of year | $ | 226 |  |  | $ | 234 |  |  | $ | 146 |
Additions due to acquisition | — |  |  | 9 |  |  | — |
Additions for tax positions related to the current year | 13 |  |  | 18 |  |  | 100 |
Additions for tax positions from prior years | 2 |  |  | — |  |  | 2 |
Reductions for tax positions from prior years | (1 | ) |  | (32 | ) |  | (1 | )
Settlements with taxing authorities | — |  |  | — |  |  | (12 | )
Statute of limitations expirations | (3 | ) |  | (3 | ) |  | (1 | )
Gross Balance, end of year | $ | 237 |  |  | $ | 226 |  |  | $ | 234 |

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