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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 $125 million.
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss by component and related tax effects for the three months ended January 31, 2024 and 2023 were as follows:
Foreign currency translationNet defined benefit pension cost and post-retirement plan costsGains (losses) on derivativesTotal
Actuarial lossesPrior service credits
(in millions)
As of October 31, 2023$(167)$(382)$(6)$89 $(466)
Other comprehensive income (loss) before reclassifications27 — — (3)24 
Amounts reclassified out of accumulated other comprehensive gain (loss)— 2 — (2)— 
Tax benefit (expense)— (1)— 1 — 
Other comprehensive income (loss)27 1 — (4)24 
As of January 31, 2024$(140)$(381)$(6)$85 $(442)
As of October 31, 2022$(185)$(373)$(6)$110 $(454)
Other comprehensive income (loss) before reclassifications81 — — (27)54 
Amounts reclassified out of accumulated other comprehensive gain (loss)— 6 — (2)4 
Tax benefit (expense)— (1)— 6 5 
Other comprehensive income (loss)81 5 — (23)63 
As of January 31, 2023$(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 componentsAmounts reclassified from other comprehensive lossAffected line item in statement of operations
Three Months Ended
January 31,
20242023
(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