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STOCKHOLDERS' EQUITY (Notes)
 6 Months Ended
Apr. 30, 2017
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS EQUITY
14. STOCKHOLDERS' EQUITY
 
Stock Repurchase Program
 
On November 22, 2013 we announced that our board of directors had authorized a share repurchase program effective in the first quarter of fiscal year 2014, upon the conclusion of the company's previous $1 billion repurchase program. The program was designed to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs to target maintaining a weighted average share count of approximately 335 million diluted shares. During the six months ended April 30, 2016, we repurchased approximately 2.4 million shares for $98 million, which completed the purchases under this authorization.

On May 28, 2015 we announced that our board of directors had approved a new share repurchase program (the "2015 repurchase program"). The 2015 repurchase program authorizes the purchase of up to $1.14 billion of our common stock at the company's discretion through and including November 1, 2018. The 2015 repurchase program does not require the company to acquire a specific number of shares and may be suspended or discontinued at any time. During the three and six months ended April 30, 2017, we repurchased approximately 1.6 million shares for $83 million and 4.1 million shares for $194 million under this authorization. During the three and six months ended April 30, 2016, we repurchased approximately 2.6 million shares for $94 million and 5.1 million shares for $196 million under this authorization. As of April 30, 2017, we had remaining authorization to repurchase up to $610 million of our common stock under this program.

During the six months ended April 30, 2017, we retired 294.2 million treasury shares at an aggregate cost of $10.7 billion, which represents all our previously repurchased shares over the past 11 years and our repurchases made in the first six months of fiscal year 2017. The retirement of our treasury shares resulted in a decrease of $6.7 billion to retained earnings and a decrease of $4.0 billion to additional paid-in-capital.

 
Cash Dividends on Shares of Common Stock
 
During the three and six months ended April 30, 2017, we paid cash dividends of $0.132 per common share or $43 million and $0.264 per common share or $85 million on the company's common stock, respectively. During the three and six months ended April 30, 2016, we paid cash dividends of $0.115 per common share or $37 million and $0.230 per common share or $75 million on the company's common stock, respectively.

On May 17, 2017 our board of directors declared a quarterly cash dividend of $0.132 per share of common stock, or approximately $42 million which will be paid on July 26, 2017 to all shareholders of record at close of business on July 3, 2017 . The timing and amounts of any future dividends are subject to determination and approval by our board of directors.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component and related tax effects were as follows (in millions):
 
 
 
 
Net defined benefit pension cost and post retirement plan costs
 
 
 
 
Three Months Ended April 30, 2017
 
Foreign currency translation
 
Prior service credits
 
Actuarial Losses
 
Unrealized gains (losses) on derivatives
 
Total
 
 
(in millions)
As of January 31, 2017
 
$
(200
)
 
$
145

 
$
(434
)
 
$
—

 
$
(489
)
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
8

 
—

 
—

 
(1
)
 
7


 
 
 
 
 
 
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income (loss)
 
—

 
(3
)
 
12

 
(1
)
 
8


 
 
 
 
 
 
 
 
 
 
Tax (expense) benefit
 
(1
)
 
1

 
(3
)
 
—

 
(3
)

 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
7

 
(2
)
 
9

 
(2
)
 
12


 
 
 
 
 
 
 
 
 
 
As of April 30, 2017
 
$
(193
)
 
$
143

 
$
(425
)
 
$
(2
)
 
$
(477
)
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended April 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of October 31, 2016
 
$
(197
)
 
$
146

 
$
(451
)
 
$
(1
)
 
$
(503
)
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
4

 
—

 
3

 
1

 
8

 
 
 
 
 
 
 
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income (loss)
 
—

 
(5
)
 
34

 
(2
)
 
27

 
 
 
 
 
 
 
 
 
 
 
Tax (expense) benefit
 
—

 
2

 
(11
)
 
—

 
(9
)
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
4

 
(3
)
 
26

 
(1
)
 
26

 
 
 
 
 
 
 
 
 
 
 
As of April 30, 2017
 
$
(193
)
 
$
143

 
$
(425
)
 
$
(2
)
 
$
(477
)


Reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended April 30, 2017 and 2016 were as follows (in millions):
Details about accumulated other
comprehensive income (loss) components
 
Amounts Reclassified from other comprehensive income (loss)
 
Affected line item in
statement of operations
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
 
April 30,
 
April 30,
 
 
 
 
2017

2016
 
2017
 
2016
 
 
 
 



 
 
 
 
 
 
Unrealized gains on derivatives
 
$
1


$
1

 
$
2

 
$
2

 
Cost of products
 
 
1


1

 
2

 
2

 
Total before income tax
 
 
—


(1
)
 
(1
)
 
(1
)
 
Provision for income tax
 
 
1


—

 
1

 
1

 
Total net of income tax
Net defined benefit pension cost and post retirement plan costs:
 



 
 
 
 
 
 
 
 



 
 
 
 
 
 
Actuarial net loss
 
(12
)

(9
)
 
(34
)
 
(22
)
 
 
Prior service benefit
 
3


4

 
5

 
23

 
 
 
 
(9
)

(5
)
 
(29
)
 
1

 
Total before income tax
 
 
2


2

 
8

 
(2
)
 
(Provision) benefit for income tax
 
 
(7
)

(3
)
 
(21
)
 
(1
)
 
Total net of income tax
 
 



 
 
 
 
 
 
Total reclassifications for the period
 
$
(6
)

$
(3
)
 
$
(20
)
 
$
—

 
 


Amounts in parentheses indicate reductions to income and increases to other comprehensive income (loss).

Reclassifications out of accumulated other comprehensive income (loss) of prior service benefit and actuarial net loss in respect of retirement plans and post retirement pension plans are included in the computation of net periodic cost together with curtailments and settlements (see Note 10 "Retirement Plans and Post Retirement Pension Plans").