XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.22.4

STOCKHOLDERS' EQUITY | 3 Months Ended
--- | ---
Jan. 31, 2023
Statement of Comprehensive Income [Abstract] |
STOCKHOLDERS EQUITY | 13. STOCKHOLDERS' EQUITY Stock Repurchase Program On November 18, 2021, our board of directors approved a stock repurchase program authorizing the purchase of up to $1,200 million of the company’s common stock, replacing the previously approved November 2020 program, under which $77 million remained. Under our stock repurchase 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 three months ended January 31, 2023, we repurchased 710,736 shares of common stock for $125 million. For the three months ended January 31, 2022, we repurchased 1,128,733 shares of common stock for $206 million. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component and related tax effects for the three months ended January 31, 2023 and 2022 were as follows:
|  | 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 October 31, 2022 |  | $ | (185) |  |  | $ | (373) |  |  | $ | (6) |  |  | $ | 110 |  |  | $ | (454) |
Other comprehensive income (loss) before reclassifications |  | 81 |  |  | — |  |  | — |  |  | (27) |  |  | 54 |
Amounts reclassified out of accumulated other comprehensive gain (loss) |  | — |  |  | 6 |  |  | — |  |  | (2) |  |  | 4 |
Tax benefit (expense) |  | — |  |  | (1) |  |  | — |  |  | 6 |  |  | 5 |
Other comprehensive income (loss) |  | 81 |  |  | 5 |  |  | — |  |  | (23) |  |  | 63 |
As of January 31, 2023 |  | $ | (104) |  |  | $ | (368) |  |  | $ | (6) |  |  | $ | 87 |  |  | $ | (391) |
As of October 31, 2021 |  | $ | (20) |  |  | $ | (456) |  |  | $ | (6) |  |  | $ | 40 |  |  | $ | (442) |
Other comprehensive income (loss) before reclassifications |  | (21) |  |  | — |  |  | — |  |  | 5 |  |  | (16) |
Amounts reclassified out of accumulated other comprehensive gain (loss) |  | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
Tax benefit (expense) |  | — |  |  | (2) |  |  | — |  |  | (1) |  |  | (3) |
Other comprehensive income (loss) |  | (21) |  |  | 8 |  |  | — |  |  | 4 |  |  | (9) |
As of January 31, 2022 |  | $ | (41) |  |  | $ | (448) |  |  | $ | (6) |  |  | $ | 44 |  |  | $ | (451) |
Reclassifications out of accumulated other comprehensive loss for the three months ended January 31, 2023 and 2022 were as follows:
Details about accumulated other comprehensive loss components |  |  |  |  |  |  |  | Amounts reclassified from other comprehensive loss |  | Affected line item in statement of operations
|  |  |  |  |  | Three Months Ended |  |
|  |  |  |  |  | January 31, |  |
|  |  |  |  |  |  |  |  |  | 2023 |  | 2022 |  |
|  |  |  |  |  |  |  |  |  | (in millions) |  |
Unrealized gain (loss) on derivatives |  |  |  |  |  |  |  |  |  | $ | 4 |  |  | $ | 1 |  |  | Cost of products
|  |  |  |  |  |  |  |  |  | (2) |  |  | (1) |  |  | Selling, general and administrative
|  |  |  |  |  |  |  |  |  | — |  |  | — |  |  | Benefit (provision) for income tax
|  |  |  |  |  |  |  |  |  | 2 |  |  | — |  |  | Net of income tax
Net defined benefit pension cost and post retirement plan costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss |  |  |  |  |  |  |  |  |  | (6) |  |  | (10) |  |  |
|  |  |  |  |  |  |  |  |  | 1 |  |  | 2 |  |  | Benefit (provision) for income tax
|  |  |  |  |  |  |  |  |  | (5) |  |  | (8) |  |  | Net of income tax
Total reclassifications for the period |  |  |  |  |  |  |  |  |  | $ | (3) |  |  | $ | (8) |  |  |
An amount in parentheses indicates a reduction to income and an increase to accumulated other comprehensive loss. Reclassifications of net actuarial loss related to retirement plans and post retirement pension plans are included in the computation of net periodic benefit cost (see Note 10, "Retirement Plans and Post-Retirement Benefit Plans").

X
- References No definition available. + Details
Name: | us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration