LEASES (Tables)

12 Months Ended

Oct. 31, 2022

The components of lease cost for operating leases were as follows:


	Year Ended October 31,
	2022		2021		2020
	(in millions)
Operating lease cost	$	59	$	59	$	60
Short-term lease cost	2		2		1
Variable lease cost (a)	15		14		14
Sublease income	(14)		(13)		(14)
Total lease cost	$	62	62		61

(a) Variable lease cost includes cancelable leases, non-fixed maintenance costs and non-recoverable transaction taxes.

Supplemental cash flow information related to leases was as follows:


	Year Ended October 31,
	2022		2021		2020
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	53	$	57	$	59
Non-cash right of use assets obtained in exchange for operating lease obligations	$	38	$	53	$	37

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


		October 31,
	Financial Statement Line Item	2022			2021
		(in millions, except lease term and discount rate)
Assets:
Operating lease:
Right of use asset	Other assets	$	150		$	178

Liabilities:
Current
Operating lease liabilities	Other accrued liabilities	$	51		$	52
Long-term
Operating lease liabilities	Other long-term liabilities	$	101		$	130

Weighted average remaining lease term (in years)
Operating leases		7.4 years			7.6 years

Weighted average discount rate
Operating leases		2.4		%	1.9		%

Schedule of Future Minimum Rent Payments

Future minimum rents payable as of October 31, 2022 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)
2023	$	53
2024	36
2025	20
2026	11
2027	7
Thereafter	40
Total undiscounted future minimum lease payments	$	167
Less: amount of lease payments representing interest	(15)
Present value of future minimum lease payments	$	152
Less: current liabilities	(51)
Long-term lease liabilities	$	101