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STOCKHOLDERS' EQUITY
 12 Months Ended
Oct. 31, 2022
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS EQUITY STOCKHOLDERS' EQUITY
Stock Repurchase Program

On November 19, 2018 we announced that our board of directors had approved a new share repurchase program (the "2019 repurchase program") designed, among other things, to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs. The 2019 share repurchase program authorizes the purchase of up to $1.75 billion of our common stock at the company's discretion and has no fixed termination date. The 2019 repurchase program does not require the company to acquire a specific number of shares and may be suspended, amended or discontinued at any time. During the year ended October 31, 2020, we repurchased and retired 5.2 million shares for $469 million under this authorization. During the year ended October 31, 2021, we repurchased and retired 3.1 million shares for $365 million under this authorization. Effective February 18, 2021, the 2019 repurchase program was terminated and replaced by the new share repurchase program. The remaining authorization under the 2019 repurchase plan of $193 million expired on February 18, 2021.

On February 16, 2021 we announced that our board of directors had approved a new share repurchase program (the "2021 repurchase program") designed, among other things, to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs. The 2021 repurchase program authorizes the purchase of up to $2.0 billion of our common stock at the company's discretion and has no fixed termination date. The 2021 repurchase program which became effective on February 18, 2021, replaced and terminated the 2019 repurchase program on that date. The 2021 repurchase program does not require the company to acquire a specific number of shares and may be suspended, amended or discontinued at any time. During the year ended October 31, 2021, we repurchased and retired 3.0 million shares for $423 million under this authorization. During the year ended October 31, 2022, we repurchased and retired 8.4 million shares for $1,139 million under this authorization. As of October 31, 2022, we had remaining authorization to repurchase up to approximately $438 million of our common stock under the 2021 repurchase program.
Cash Dividends on Shares of Common Stock

During the year ended October 31, 2022, cash dividends of $0.840 per share, or $250 million were declared and paid on the company's outstanding common stock. During the year ended October 31, 2021, cash dividends of $0.776 per share, or $236 million were declared and paid on the company's outstanding common stock. During the year ended October 31, 2020, cash dividends of $0.720 per share, or $222 million were declared and paid on the company's outstanding common stock.

On November 16, 2022, we declared a quarterly dividend of $0.225 per share of common stock, or approximately $66 million which will be paid on January 25, 2023, to shareholders of record as of the close of business on January 3, 2023. The timing and amounts of any future dividends are subject to determination and approval by our board of directors.

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the components of our accumulated other comprehensive income (loss) as of October 31, 2022 and 2021, net of tax effect:

 October 31,
 20222021
 (in millions)
Foreign currency translation, net of tax (expense) benefit of $4 and $(8)
$(335)(185)
Unrealized losses (including prior service benefit) on defined benefit plans, net of tax benefit of $71 and $80
(32)(100)
Unrealized gains (losses) on derivative instruments, net of tax (expense) benefit of $(4) and $1
20 3 
Total accumulated other comprehensive loss$(347)$(282)

Changes in accumulated other comprehensive income (loss) by component and related tax effects for the years ended October 31, 2022 and 2021 were as follows:
Net defined benefit pension cost and post retirement plan costs
Foreign currency translationPrior service creditsActuarial LossesUnrealized gains (losses) on derivativesTotal
(in millions)
As of October 31, 2020$(194)$125 $(442)$(11)$(522)
Other comprehensive income before reclassifications11 — 228 2 241 
Amounts reclassified out of accumulated other comprehensive income (loss)— (1)64 17 80 
Tax expense(2)— (74)(5)(81)
Other comprehensive income (loss)9 (1)218 14 240 
As of October 31, 2021$(185)$124 $(224)$3 $(282)
Other comprehensive income (loss) before reclassifications(162)— 50 56 (56)
Amounts reclassified out of accumulated other comprehensive income (loss)— (1)28 (34)(7)
Tax (expense) benefit12 — (9)(5)(2)
Other comprehensive income (loss)(150)(1)69 17 (65)
As of October 31, 2022$(335)$123 $(155)$20 $(347)

Reclassifications out of accumulated other comprehensive income (loss) for the years ended October 31, 2022 and 2021 were as follows (in millions):
Details about Accumulated Other
Comprehensive Income components		Amounts Reclassified
from Other Comprehensive Income		Affected line item in
statement of operations
20222021
Unrealized gains (losses) on derivatives$36 $(16)Cost of products
Unrealized gains (losses) on derivatives(2)(1)Interest expense
34 (17)Total before income tax
(8)4 (Provision) benefit for income tax
26 (13)Total net of income tax
Net defined benefit pension cost and post retirement plan costs:
Actuarial net loss(28)(64)Other (income) expense
Prior service benefit1 1 Other (income) expense
(27)(63)Total before income tax
7 15 Benefit for income tax
(20)(48)Total net of income tax
Total reclassifications for the period$6 $(61)
Amounts in parentheses indicate reductions to income and increases to other comprehensive income.

Reclassifications 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 (see Note 14, "Retirement Plans and Post Retirement Pension Plans").