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INCOME TAXES (Tables) | 12 Months Ended
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Oct. 31, 2021
Income Tax Disclosure [Abstract] |
Domestic and Foreign Components of Income before Taxes | The domestic and foreign components of income before taxes are:
| Years Ended October 31,
| 2021 |  | 2020 |  | 2019
| (in millions)
U.S. operations | $ | 876 |  |  | $ | 54 |  |  | $ | 189 |
Non-U.S. operations | 484 |  |  | 788 |  |  | 730 |
Total income before taxes | $ | 1,360 |  |  | $ | 842 |  |  | $ | 919 |
Provision for income taxes | The provision for income taxes is comprised of:
| Years Ended October 31,
| 2021 |  | 2020 |  | 2019
| (in millions)
U.S. federal taxes: |  |  |  |  |
Current | $ | 122 |  |  | $ | 5 |  |  | $ | (191) |
Deferred | (1) |  |  | 4 |  |  | — |
Non-U.S. taxes: |  |  |  |  |
Current | (3) |  |  | 84 |  |  | 290 |
Deferred | 14 |  |  | 24 |  |  | (267) |
State taxes, net of federal benefit: |  |  |  |  |
Current | 17 |  |  | 5 |  |  | 4 |
Deferred | 1 |  |  | 1 |  |  | 12 |
Total provision (benefit) | $ | 150 |  |  | $ | 123 |  |  | $ | (152) |
Tax rate reconciliation, U.S. federal statutory rate to effective tax rate from operations | The differences between the U.S. federal statutory income tax rate and our effective tax rate are:
| Years Ended October 31,
| 2021 |  | 2020 |  | 2019
| (in millions)
Profit before tax times statutory rate | $ | 286 |  |  | $ | 177 |  |  | $ | 193 |
State income taxes, net of federal benefit | 18 |  |  | 6 |  |  | 16 |
Non-U.S. income taxed at different rates | 5 |  |  | (37) |  |  | (10) |
Change in unrecognized tax benefits | (84) |  |  | (8) |  |  | (11) |
Foreign-derived intangible income deduction | (35) |  |  | (9) |  |  | — |
Extension of the tax incentive in Singapore | — |  |  | — |  |  | (299) |
Excess tax benefits from stock-based compensation | (29) |  |  | (18) |  |  | (10) |
Other, net | (11) |  |  | 12 |  |  | (31) |
Provision (benefit) for income taxes | $ | 150 |  |  | $ | 123 |  |  | $ | (152) |
Effective tax rate | 11.0 | % |  | 14.6 | % |  | (16.5) | %
Significant components of deferred tax assets and deferred tax liabilities | The significant components of deferred tax assets and deferred tax liabilities included on the consolidated balance sheet are:
| Years Ended October 31,
| 2021 |  | 2020
| (in millions)
Deferred Tax Assets |  |  |
Intangibles | $ | 72 |  |  | $ | 153 |
Pension benefits and retiree medical benefits | — |  |  | 65 |
Employee benefits, other than retirement | 43 |  |  | 31 |
Net operating loss, capital loss, and credit carryforwards | 191 |  |  | 182 |
Share-based compensation | 22 |  |  | 27 |
Lease obligations | 30 |  |  | 35 |
Other | 42 |  |  | 63 |
Deferred tax assets | $ | 400 |  |  | $ | 556 |
Tax valuation allowance | (120) |  |  | (132) |
Deferred tax assets, net of valuation allowance | $ | 280 |  |  | $ | 424 |
Deferred Tax Liabilities |  |  |
Property, plant and equipment | $ | (11) |  |  | $ | (19) |
Pension benefits and retiree medical benefits | (8) |  |  | — |
Right-of-use asset | (29) |  |  | (35) |
Other | (26) |  |  | (14) |
Deferred tax liabilities | $ | (74) |  |  | $ | (68) |
Net deferred tax assets (liabilities) | $ | 206 |  |  | $ | 356 |
The breakdown between long-term deferred tax assets and deferred tax liabilities was as follows:
| October 31,
| 2021 |  | 2020
| (in millions)
Long-term deferred tax assets (included within other assets) | $ | 309 |  |  | $ | 380 |
Long-term deferred tax liabilities (included within other long-term liabilities) | (103) |  |  | (24) |
Total | $ | 206 |  |  | $ | 356 |
Current and Long Term Tax Assets and Liabilities [Table Text Block] | The breakdown between current and long-term income tax assets and liabilities, excluding deferred tax assets and liabilities, was as follows:
| October 31,
| 2021 |  | 2020
| (in millions)
Current income tax assets (included within other current assets) | $ | 66 |  |  | $ | 89 |
Long-term income tax assets (included within other assets) | 6 |  |  | 6 |
Current income tax liabilities (included within other accrued liabilities) | (47) |  |  | (63) |
Long-term income tax liabilities (included within other long-term liabilities) | (241) |  |  | (323) |
Total | $ | (216) |  |  | $ | (291) |
Aggregate Changes in Gross Unrecognized Tax Benefits | The aggregate changes in the balances of our gross unrecognized tax benefits including all federal, state and foreign tax jurisdictions are as follows:
| 2021 |  | 2020 |  | 2019
| (in millions)
Balance, beginning of year | $ | 195 |  |  | $ | 206 |  |  | $ | 214 |
Additions for tax positions related to the current year | 6 |  |  | 6 |  |  | 7 |
Additions for tax positions from prior years | 4 |  |  | — |  |  | 12 |
Reductions for tax positions from prior years | — |  |  | — |  |  | (2) |
Settlements with taxing authorities | (30) |  |  | — |  |  | — |
Statute of limitations expirations | (42) |  |  | (17) |  |  | (25) |
Balance, end of year | $ | 133 |  |  | $ | 195 |  |  | $ | 206 |

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