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DERIVATIVES (Tables)

3 Months Ended

Jan. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Aggregated notional amounts by currency and designation

The net notional amounts by currency and designation as of January 31, 2024 were as follows:

						Derivatives in Cash Flow Hedging Relationships						Derivatives Not Designated as Hedging Instruments
						Forward Contracts												Forward Contracts
Currency						Buy/(Sell)												Buy/(Sell)
						(in millions)
Euro						$	—											$	77
British Pound						2												(3)
Singapore Dollar						33												48
Malaysian Ringgit						110												4
Japanese Yen						(124)												(70)
Other currencies						(29)												(41)
Total						$	(8)											$	15

Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet

Derivative instruments are subject to master netting arrangements and are disclosed gross in the condensed consolidated balance sheet. The gross fair values and balance sheet presentation of derivative instruments held as of January 31, 2024 and October 31, 2023 were as follows:

Fair Values of Derivative Instruments
Assets Derivatives																		Liabilities Derivatives
						Fair Value																		Fair Value
Balance Sheet Location						January 31, 2024						October 31, 2023						Balance Sheet Location						January 31, 2024						October 31, 2023
(in millions)
Derivatives designated as hedging instruments:
Cash flow hedges
Foreign exchange contracts
Other current assets						$	8					$	16					Other accrued liabilities						$	4					$	7
Derivatives not designated as hedging instruments:
Foreign exchange contracts
Other current assets						6						2						Other accrued liabilities						5						47
Total derivatives						$	14					$	18											$	9					$	54

Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations

The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and for those not designated as hedging instruments in our condensed consolidated statement of operations was as follows:

									Three Months Ended
									January 31,
															2024						2023
															(in millions)
Derivatives designated as hedging instruments:
Cash Flow Hedges
Interest rate swap contracts:
Gain (loss) recognized in accumulated other comprehensive income (loss)															$	—					$	(24)
Foreign exchange contracts:
Gain (loss) recognized in accumulated other comprehensive income (loss)															$	(3)					$	(3)
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings:
Cost of products															$	3					$	4
Selling, general and administrative															$	(1)					$	(2)
Gain (loss) excluded from effectiveness testing recognized in earnings based on amortization approach:
Cost of products															$	1					$	1
Selling, general and administrative															$	—					$	—
Derivatives not designated as hedging instruments:
Gain (loss) recognized in:
Other income (expense), net															$	(17)					$	(4)

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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