XML 60 R46.htm IDEA: XBRL DOCUMENT v3.21.2
DERIVATIVES (Tables)
12 Months Ended
Oct. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Aggregated notional amounts by currency and designation The aggregated notional amounts by currency and designation as of October 31, 2021 were as follows:
 Derivatives Designated as
Cash Flow Hedges
Derivatives Designated as
Net Investment Hedges
Derivatives
Not
Designated
as Hedging
Instruments
 Forward
Contracts USD
Forward
Contracts USD
Forward
Contracts USD
CurrencyBuy/(Sell)Buy/(Sell)Buy/(Sell)
 (in millions)
Euro$(86)$(93)$65 
British Pound(66)— (3)
Canadian Dollar(53)— (2)
Japanese Yen(87)— (43)
Danish Krone— — 36 
Korean Won(60)— (18)
Singapore Dollar16 — 26 
Swiss Franc— — (10)
Chinese Yuan Renminbi(87)— (37)
Taiwan Dollar— — (17)
Brazilian Real— — (14)
Other— (9)
$(419)$(93)$(26)
Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet The gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet as of October 31, 2021 and 2020 were as follows:
Fair Values of Derivative Instruments
Asset DerivativesLiability Derivatives
 Fair Value Fair Value
Balance Sheet LocationOctober 31,
2021
October 31,
2020
Balance Sheet LocationOctober 31,
2021
October 31,
2020
(in millions)
Derivatives designated as hedging instruments:     
Cash flow hedges     
Foreign exchange contracts     
Other current assets$$— Other accrued liabilities$$12 
Derivatives not designated as hedging instruments:     
Foreign exchange contracts     
Other current assets$$Other accrued liabilities$$
Total derivatives$$ $$17 
Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations
The effects of derivative instruments for foreign exchange contracts designated as hedging instruments and not designated as hedging instruments in our consolidated statement of operations were as follows:

Years Ended October 31,
202120202019
 (in millions)
Derivatives designated as hedging instruments:   
Cash flow hedges   
Foreign exchange contracts:
Loss on interest rate swaps recognized in other comprehensive income (loss)$— $— $(6)
Loss reclassified from accumulated other comprehensive income (loss) into interest expense$(1)$(1)$(1)
Gain (loss) recognized in accumulated other comprehensive income (loss)$$(12)$— 
Gain (loss) reclassified from accumulated other comprehensive income (loss) into cost of sales$(16)$(1)$
Gain on time value of forward contracts recorded in cost of sales$— $$
Net investment hedges
Foreign exchange contracts:
Gain (loss) recognized in accumulated other comprehensive income (loss) - translation adjustment$$(5)$— 
Gain on time value of forward contracts recorded in other income (expense)1— — 
Derivatives not designated as hedging instruments:   
Gain (loss) recognized in other income (expense), net $— $(1)$