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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
3 Months Ended
Jan. 31, 2016
PENSION AND OTHER POSTRETIREMENT BENEFITS  
Components of Pension and Postretirement Benefit Costs

The worldwide components of net periodic pension cost consisted of the following in millions of dollars:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

January 31

 

 

 

2016

 

2015

 

Service cost

    

$

64

    

$

73

 

Interest cost

 

 

98

 

 

119

 

Expected return on plan assets

 

 

(193)

 

 

(193)

 

Amortization of actuarial loss

 

 

52

 

 

55

 

Amortization of prior service cost

 

 

4

 

 

6

 

Settlements/curtailments

 

 

7

 

 

1

 

Net cost

 

$

32

 

$

61

 

The worldwide components of net periodic postretirement benefits cost (health care and life insurance) consisted of the following in millions of dollars:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

January 31

 

 

 

2016

 

2015

 

Service cost

    

$

9

    

$

11

 

Interest cost

 

 

51

 

 

65

 

Expected return on plan assets

 

 

(9)

 

 

(14)

 

Amortization of actuarial loss

 

 

19

 

 

23

 

Amortization of prior service credit

 

 

(19)

 

 

(19)

 

Net cost

 

$

51

 

$

66