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LEASES (Tables)
12 Months Ended
Oct. 31, 2020
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
Prior to the adoption of the new lease accounting standard, future minimum lease payments as of October 31, 2019 under non-cancelable leases with initial terms exceeding twelve months were as follows:

Operating Leases
(in millions)
2020$52 
2021$41 
2022$29 
2023$21 
2024$14 
Thereafter$56 
Lease, Cost
The components of lease cost for operating leases were as follows:
Year Ended October 31, 2020
(in millions)
Operating lease cost$60 
Short-term lease cost
Variable lease cost (a)
14 
Sublease income(14)
Total lease cost$61 
(a) Variable lease cost includes cancelable leases, non-fixed maintenance costs and non-recoverable transaction taxes.

Total rent expense was $75 million in 2019 and $64 million in 2018.

Supplemental cash flow information related to leases was as follows:
Year Ended October 31, 2020
(in millions)
Cash paid for amounts included in the amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases$59 
Non-cash right of use assets obtained in exchange for operating lease obligations$37 
Lessee Assets and Liabilities
Supplemental balance sheet information related to leases was as follows:
Financial Statement Line ItemOctober 31, 2020
(in millions, except lease term and discount rate)
Assets:
Operating lease:
Right of use assetOther assets$175 
Liabilities:
Current
Operating lease liabilitiesOther accrued liabilities$51 
Long-term
Operating lease liabilitiesOther long-term liabilities$127 
Weighted average remaining lease term (in years)
Operating leases7.9 years
Weighted average discount rate
Operating leases2.1 %
Schedule of Future Minimum Rent Payments
Future minimum rents payable as of October 31, 2020 under non-cancelable leases with initial terms exceeding one year reconcile to lease liabilities included in the consolidated balance sheet as follows:
Operating Leases
(in millions)
2021$54 
202241 
202328 
202416 
2025
Thereafter49 
Total undiscounted future minimum lease payments$197 
Less: amount of lease payments representing interest(19)
Present value of future minimum lease payments$178 
Less: current liabilities(51)
Long-term lease liabilities$127