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RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS
3 Months Ended
Jan. 31, 2020
Defined Benefit Plan [Abstract]  
RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS RETIREMENT PLANS AND POST-RETIREMENT BENEFIT PLANS
For the three months ended January 31, 2020 and 2019, 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 January 31,
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
 
(in millions)
Service cost—benefits earned during the period
$
6

 
$
5

 
$
4

 
$
3

 
$

 
$

Interest cost on benefit obligation
6

 
7

 
4

 
6

 
1

 
2

Expected return on plan assets
(11
)
 
(11
)
 
(21
)
 
(19
)
 
(3
)
 
(3
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
4

 
3

 
8

 
7

 
3

 
2

Prior service credit

 
(1
)
 

 

 
(3
)
 
(3
)
Settlement loss

 

 

 
2

 

 

Net periodic benefit cost (benefit)
$
5

 
$
3

 
$
(5
)
 
$
(1
)
 
$
(2
)
 
$
(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), net 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 months ended January 31, 2020 and 2019. We contributed $2 million and $8 million to our Non-U.S. Defined Benefit Plans during the three months ended January 31, 2020 and 2019, respectively.
For the remainder of 2020, we do not expect to contribute to our U.S. Defined Benefit Plans, and we expect to contribute $6 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), net in the condensed consolidated statement of operations.