XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.24.0.1

STOCKHOLDERS' EQUITY | 3 Months Ended
--- | ---
Jan. 31, 2024
Statement of Comprehensive Income [Abstract] |
STOCKHOLDERS EQUITY | 14. STOCKHOLDERS' EQUITY Stock Repurchase Program On March 6, 2023, our board of directors approved a stock repurchase program authorizing the purchase of up to $1,500 million of the company’s common stock, replacing the previously approved November 2021 program. 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, 2024, we repurchased 624,961 shares of common stock for $93 million. For the three months ended January 31, 2023, we repurchased 710,736 shares of common stock for $125 million. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component and related tax effects for the three months ended January 31, 2024 and 2023 were as follows:
|  | Foreign currency translation |  | Net defined benefit pension cost and post-retirement plan costs |  | Gains (losses) on derivatives |  | Total
|  |  | Actuarial losses |  | Prior service credits |  |
|  | (in millions)
As of October 31, 2023 |  | $ | (167) |  |  | $ | (382) |  |  | $ | (6) |  |  | $ | 89 |  |  | $ | (466) |
Other comprehensive income (loss) before reclassifications |  | 27 |  |  | — |  |  | — |  |  | (3) |  |  | 24 |
Amounts reclassified out of accumulated other comprehensive gain (loss) |  | — |  |  | 2 |  |  | — |  |  | (2) |  |  | — |
Tax benefit (expense) |  | — |  |  | (1) |  |  | — |  |  | 1 |  |  | — |
Other comprehensive income (loss) |  | 27 |  |  | 1 |  |  | — |  |  | (4) |  |  | 24 |
As of January 31, 2024 |  | $ | (140) |  |  | $ | (381) |  |  | $ | (6) |  |  | $ | 85 |  |  | $ | (442) |
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) |
Reclassifications out of accumulated other comprehensive loss into earnings for the three months ended January 31, 2024 and 2023 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, |  |
|  |  |  |  |  | 2024 |  | 2023 |  |
|  |  |  |  |  | (in millions) |  |
Gain (loss) on derivatives |  |  |  |  |  | $ | 3 |  |  | $ | 4 |  |  | Cost of products
|  |  |  |  |  | (1) |  |  | (2) |  |  | Selling, general and administrative
|  |  |  |  |  | — |  |  | — |  |  | Benefit (provision) for income tax
|  |  |  |  |  | 2 |  |  | 2 |  |  | Net of income tax
Net defined benefit pension cost and post-retirement plan costs: |  |  |  |  |  |  |  |  |  |
Net actuarial loss |  |  |  |  |  | (2) |  |  | (6) |  |  | Other income (expense), net
|  |  |  |  |  | 1 |  |  | 1 |  |  | Benefit (provision) for income tax
|  |  |  |  |  | (1) |  |  | (5) |  |  | Net of income tax
Total reclassifications for the period |  |  |  |  |  | $ | 1 |  |  | $ | (3) |  |  | Net of income tax

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 equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration