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RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)
9 Months Ended
Jul. 31, 2020
Retirement Benefits [Abstract]  
Schedule of net pension and post-retirement benefit costs
For the three and nine months ended July 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 July 31,
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
 
(in millions)
Service cost—benefits earned during the period
$
5

 
$
5

 
$
4

 
$
3

 
$
1

 
$
1

Interest cost on benefit obligation
6

 
7

 
4

 
6

 
1

 
2

Expected return on plan assets
(11
)
 
(10
)
 
(20
)
 
(19
)
 
(3
)
 
(3
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
5

 
3

 
8

 
6

 
3

 
3

Prior service credit

 
(1
)
 

 

 
(3
)
 
(4
)
Net periodic benefit cost (benefit)
$
5

 
$
4

 
$
(4
)
 
$
(4
)
 
$
(1
)
 
$
(1
)

 
Pensions
 
 
 
 
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined Benefit
Plans
 
U.S. Post-Retirement
Benefit Plan
 
Nine Months Ended July 31,
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
 
(in millions)
Service cost—benefits earned during the period
$
17

 
$
15

 
$
11

 
$
10

 
$
1

 
$
1

Interest cost on benefit obligation
18

 
21

 
12

 
17

 
4

 
6

Expected return on plan assets
(33
)
 
(31
)
 
(62
)
 
(58
)
 
(9
)
 
(9
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
14

 
8

 
25

 
20

 
8

 
7

Prior service credit

 
(3
)
 

 

 
(9
)
 
(11
)
Settlement loss

 

 

 
2

 

 

Net periodic benefit cost (benefit)
$
16

 
$
10

 
$
(14
)
 
$
(9
)
 
$
(5
)
 
$
(6
)