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RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)

12 Months Ended

Oct. 31, 2021

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Net Benefit Costs

For the years ended October 31, 2021, 2020 and 2019, components of net periodic benefit cost and other amounts recognized in other comprehensive income were comprised of:

			Pensions																																				U.S. Post-Retirement Benefit Plans
			U.S. Plans																		Non-U.S. Plans
			2021						2020						2019						2021						2020						2019						2021						2020						2019
			(in millions)
Net periodic benefit cost (benefit)
Service cost — benefits earned during the period			$	—					$	—					$	—					$	22					$	24					$	20					$	1					$	1					$	—
Interest cost on benefit obligation			14						15						18						8						8						14						2						3						4
Expected return on plan assets			(29)						(28)						(27)						(49)						(47)						(43)						(6)						(7)						(7)
Amortization of net actuarial loss			4						3						1						53						49						34						4						4						4
Amortization of prior service benefit			—						—						—						—						—						—						(1)						(7)						(8)
Total periodic benefit cost (benefit)			$	(11)					$	(10)					$	(8)					$	34					$	34					$	25					$	—					$	(6)					$	(7)
Settlement loss			$	1					$	4					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss
Net actuarial (gain) loss			$	(92)					$	26					$	51					$	(114)					$	20					$	104					$	(30)					$	5					$	5
Amortization of net actuarial loss			(4)						(3)						(1)						(53)						(49)						(34)						(4)						(4)						(4)
Amortization of prior service benefit			—						—						—						—						—						—						1						7						8
Loss due to settlement			(1)						(4)						—						—						—						—						—						—						—
Foreign currency			—						—						—						5						10						(3)						—						—						—
Total recognized in other comprehensive (income) loss			$	(97)					$	19					$	50					$	(162)					$	(19)					$	67					$	(33)					$	8					$	9
Total recognized in net periodic benefit cost (benefit) and other comprehensive (income) loss			$	(107)					$	13					$	42					$	(128)					$	15					$	92					$	(33)					$	2					$	2

Schedule of Funded status of Defined Benefit and Post-Retirement Benefit plans

Funded Status.    As of October 31, 2021 and 2020, the funded status of the defined benefit and post-retirement benefit plans was:

			U.S. Defined Benefit Plans												Non-U.S. Defined Benefit Plans												U.S. Post-Retirement Benefit Plans
			2021						2020						2021						2020						2021						2020
			(in millions)
Change in fair value of plan assets:
Fair value — beginning of year			$	439					$	432					$	945					$	911					$	93					$	95
Actual return on plan assets			138						30						160						(2)						28						6
Employer contributions			—						—						19						32						—						—
Participants' contributions			—						—						1						1						—						—
Benefits paid			(8)						(8)						(31)						(31)						(5)						(8)
Settlements			(18)						(15)						—						—						—						—
Currency impact			—						—						(1)						34						—						—
Fair value — end of year			$	551					$	439					$	1,093					$	945					$	116					$	93
Change in benefit obligation:
Benefit obligation — beginning of year			$	510					$	491					$	1,094					$	1,067					$	94					$	94
Service cost			—						—						22						24						1						1
Interest cost			14						15						8						8						2						3
Participants' contributions			—						—						1						1						—						—
Actuarial (gain) loss			15						28						2						(19)						(8)						4
Benefits paid			(8)						(9)						(31)						(31)						(5)						(8)
Settlements			(19)						(15)						—						—						—						—
Currency impact			—						—						4						44						—						—
Benefit obligation — end of year			$	512					$	510					$	1,100					$	1,094					$	84					$	94
Overfunded (underfunded) status of PBO			$	39					$	(71)					$	(7)					$	(149)					$	32					$	(1)

Amounts recognized in the consolidated balance sheet

Amounts recognized in the consolidated balance sheet consist of:
Other assets			$	46					$	—					$	160					$	123					$	32					$	—
Employee compensation and benefits			(1)						(1)						—						—						—						—
Retirement and post-retirement benefits			(6)						(70)						(167)						(272)						—						(1)
Total net asset (liability)			$	39					$	(71)					$	(7)					$	(149)					$	32					$	(1)

Amounts recognized in accumulated other comprehensive income (loss)

Amounts Recognized in Accumulated Other Comprehensive Income (Loss):
Actuarial (gains) losses			$	36					$	134					$	149					$	311					$	(23)					$	11
Prior service costs (benefits)			—						—						—						—						(4)						(5)
Total			$	36					$	134					$	149					$	311					$	(27)					$	6

Schedule of Allocation of Plan Assets

The following tables present the fair value of U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2021 and 2020.

									Fair Value Measurement at October 31, 2021 Using
			October 31, 2021						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Not Subject to Leveling (1)
			(in millions)
Cash and Cash Equivalents			$	2					$	—					$	—					$	—					$	2
Equity			276						62						—						—						214
Fixed Income			271						2						—						—						269
Other Investments			2						—						—						2						—
Total assets measured at fair value			$	551					$	64					$	—					$	2					$	485

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

									Fair Value Measurement at October 31, 2020 Using
			October 31, 2020						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Not Subject to Leveling (1)
			(in millions)
Cash and Cash Equivalents			$	1					$	—					$	—					$	—					$	1
Equity			357						77						—						—						280
Fixed Income			79						39						—						—						40
Other Investments			2						—						—						2						—
Total assets measured at fair value			$	439					$	116					$	—					$	2					$	321

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

The following tables present the fair value of U.S. Post-Retirement Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2021 and 2020.

									Fair Value Measurement at October 31, 2021 Using
			October 31, 2021						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Not Subject to Leveling (1)
			(in millions)
Cash and Cash Equivalents			$	3					$	—					$	—					$	—					$	3
Equity			55						13						—						—						42
Fixed Income			57						—						—						—						57
Other Investments			1						—						—						1						—
Total assets measured at fair value			$	116					$	13					$	—					$	1					$	102

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

									Fair Value Measurement at October 31, 2020 Using
			October 31, 2020						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Not Subject to Leveling (1)
			(in millions)
Cash and Cash Equivalents			$	4					$	—					$	—					$	—					$	4
Equity			70						17						—						—						53
Fixed Income			18						9						—						—						9
Other Investments			1						—						—						1						—
Total assets measured at fair value			$	93					$	26					$	—					$	1					$	66

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

The following tables present the fair value of non-U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2021 and 2020:

									Fair Value Measurement at October 31, 2021 Using
			October 31, 2021						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Not Subject to Leveling (1)
			(in millions)
Cash and Cash Equivalents			$	25					$	—					$	24					$	—					$	1
Equity			557						380						12						—						165
Fixed Income			511						151						242						—						118
Other Investments			—						—						—						—						—
Total assets measured at fair value			$	1,093					$	531					$	278					$	—					$	284

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

									Fair Value Measurement at October 31, 2020 Using
			October 31, 2020						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Not Subject to Leveling (1)
			(in millions)
Cash and Cash Equivalents			$	7					$	—					$	6					$	—					$	1
Equity			504						315						48						—						141
Fixed Income			434						102						238						—						94
Other Investments			—						—						—						—						—
Total assets measured at fair value			$	945					$	417					$	292					$	—					$	236

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

Defined benefit plans assets measured at fair value using significant unobservable inputs (level 3)

For U.S. Defined Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2021 and 2020:

			Years Ended October 31.
			2021						2020
Balance, beginning of year			$	2					$	4
Realized gains/(losses)			1						(3)
Unrealized gains/(losses)			—						2
Purchases, sales, issuances, and settlements			(1)						(1)
Transfers in (out)			—						—
Balance, end of year			$	2					$	2

For U.S. Post-Retirement Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2021 and 2020:

			Years Ended October 31,
			2021						2020
Balance, beginning of year			$	1					$	2
Realized gains/(losses)			1						(1)
Unrealized gains/(losses)			—						1
Purchases, sales, issuances, and settlements			(1)						(1)
Transfers in (out)			—						—
Balance, end of year			$	1					$	1

Combined projected benefit obligation, accumulated benefit obligations and fair value of plan assets

The table below presents the combined projected benefit obligation ("PBO"), accumulated benefit obligation ("ABO") and fair value of plan assets, grouping plans using comparisons of the PBO and ABO relative to the plan assets as of October 31, 2021 or 2020.

			2021												2020
			Benefit Obligation												Benefit Obligation
									Fair Value of Plan Assets												Fair Value of Plan Assets
			PBO												PBO
			(in millions)
U.S. defined benefit plans where PBO exceeds the fair value of plan assets			$	7					$	—					$	510					$	439
U.S. defined benefit plans where fair value of plan assets exceeds PBO			505						551						—						—
Total			$	512					$	551					$	510					$	439
Non-U.S. defined benefit plans where PBO exceeds or is equal to the fair value of plan assets			$	691					$	524					$	697					$	425
Non-U.S. defined benefit plans where fair value of plan assets exceeds PBO			409						569						397						520
Total			$	1,100					$	1,093					$	1,094					$	945
			ABO												ABO
U.S. defined benefit plans where ABO exceeds the fair value of plan assets			$	7					$	—					$	510					$	439
U.S. defined benefit plans where the fair value of plan assets exceeds ABO			505						551						—						—
Total			$	512					$	551					$	510					$	439
Non-U.S. defined benefit plans where ABO exceeds or is equal to the fair value of plan assets			$	668					$	524					$	675					$	425
Non-U.S. defined benefit plans where fair value of plan assets exceeds ABO			400						569						387						520
Total			$	1,068					$	1,093					$	1,062					$	945

Schedule of expected benefit payments

The following table presents expected future benefit payments for the next 10 years:

			U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						U.S. Post-Retirement Benefit Plans
			(in millions)
2022			$	34					$	34					$	6
2023			$	33					$	35					$	6
2024			$	37					$	35					$	7
2025			$	35					$	37					$	7
2026			$	34					$	37					$	7
2027 - 2031			$	154					$	199					$	35

Assumptions used to calculate the net periodic cost and benefit obligation

Assumptions used to calculate the net periodic cost in each year were as follows:

			For years ended October 31,
			2021						2020						2019
U.S. defined benefit plans:
Discount rate			2.75%						3.25%						4.50%
Expected long-term return on assets			7.00%						7.00%						7.00%
Non-U.S. defined benefit plans:
Discount rate			0.07-1.54%						0.22-1.81%						0.83-2.68%
Average increase in compensation levels			2.00-3.00%						2.25-3.00%						2.25-3.25%
Expected long-term return on assets			4.00-5.50%						4.00-5.75%						4.00-5.75%
Interest crediting rate for cash balance plans			0.10-0.50%						0.00-0.75%						0.75-0.90%
U.S. post-retirement benefits plans:
Discount rate			2.50%						3.00%						4.25%
Expected long-term return on assets			7.00%						7.00%						7.00%
Current medical cost trend rate			6.25%						6.25%						6.00%
Ultimate medical cost trend rate			4.50%						4.50%						3.50%
Medical cost trend rate decreases to ultimate rate in year			2029						2029						2029

Assumptions used to calculate the benefit obligation were as follows:

			As of the Years Ending October 31,
			2021						2020
U.S. defined benefit plans:
Discount rate			2.75%						2.75%
Non-U.S. defined benefit plans:
Discount rate			0.29-1.76%						0.07-1.54%
Average increase in compensation levels			2.00-3.50%						2.00-3.00%
Interest crediting rate for cash balance plans			0.30-0.50%						0.10-0.50%
U.S. post-retirement benefits plans:
Discount rate			2.75%						2.50%
Current medical cost trend rate			6.00%						6.25%
Ultimate medical cost trend rate			4.50%						4.50%
Medical cost trend rate decreases to ultimate rate in year			2027						2029

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