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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Assets And Liabilities Measured On Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis as of July 31, 2022 were as follows:

 

									Fair Value Measurement at July 31, 2022 Using
			July 31, 2022						Quoted Prices  in Active  Markets for  Identical Assets  (Level 1)						Significant  Other  Observable  Inputs  (Level 2)						Significant  Unobservable  Inputs  (Level 3)
			(in millions)
Assets:
Short-term
Cash equivalents (money market funds)			$	479					$	479					$	—					$	—
Derivative instruments (foreign exchange contracts)			23						—						23						—
Short-term investments - Equity securities with RDFV			5						—						5						—
Long-term
Trading securities			32						32						—						—
Other investments			25						—						25						—
Total assets measured at fair value			$	564					$	511					$	53					$	—
Liabilities:
Short-term
Derivative instruments (foreign exchange contracts)			$	8					$	—					$	8					$	—
Contingent consideration			66						—						—						66
Long-term
Deferred compensation liability			32						—						32						—
Contingent consideration			1						—						—						1
Total liabilities measured at fair value			$	107					$	—					$	40					$	67

Financial assets and liabilities measured at fair value on a recurring basis as of October 31, 2021 were as follows:

									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)
			(in millions)
Assets:
Short-term
Cash equivalents (money market funds)			$	919					$	919					$	—					$	—
Derivative instruments (foreign exchange contracts)			9						—						9						—
Short-term investments - Equity securities with RDFV			91						83						8						—
Long-term
Trading securities			34						34						—						—
Other investments			31						—						31						—
Total assets measured at fair value			$	1,084					$	1,036					$	48					$	—
Liabilities:
Short-term
Derivative instruments (foreign exchange contracts)			$	5					$	—					$	5					$	—
Contingent consideration			62						—						—						62
Long-term
Deferred compensation liability			34						—						34						—
Contingent consideration			27						—						—						27
Total liabilities measured at fair value			$	128					$	—					$	39					$	89

Gain (Loss) on Securities

Gains and losses reflected in other income (expense), net for our equity investments with RDFV and equity investments without RDFV are summarized below:

			Three Months Ended												Nine Months Ended
			July 31,												July 31,
			2022						2021						2022						2021
			(in millions)
Net gain (loss) recognized during the period on equity securities			$	2					$	9					$	(60)					$	24
Less: net gain on equity securities sold during the period			$	12					$	—					$	12					$	—
Unrealized gain (loss) on equity securities			$	(10)					$	9					$	(72)					$	24

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The contingent consideration liability is our only recurring Level 3 asset or liability. A summary of the Level 3 activity follows:

			Three Months Ended												Nine Months Ended
			July 31,												July 31,
			2022						2021						2022						2021
			(in millions)
Beginning balance			$	67					$	96					$	89					$	—
Additions to contingent consideration (including measurement period adjustment)			$	—					$	14					$	3					$	110
Change in fair value (included within selling, general and administrative expenses)			$	—					$	—					$	(25)					$	—
Ending balance			$	67					$	110					$	67					$	110

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

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Tabular disclosure of realized and unrealized gain (loss) on investment in security.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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