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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Apr. 30, 2023
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 April 30, 2023 were as follows:
|  |  | Fair Value Measurement at April 30, 2023 Using
| April 30, 2023 |  | 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) | $ | 526 |  |  | $ | 526 |  |  | $ | — |  |  | $ | — |
Derivative instruments (foreign exchange contracts) | 13 |  |  | — |  |  | 13 |  |  | — |
Long-term |  |  |  |  |  |  |
Trading securities | 37 |  |  | 37 |  |  | — |  |  | — |
Other investments | 28 |  |  | — |  |  | 28 |  |  | — |
Total assets measured at fair value | $ | 604 |  |  | $ | 563 |  |  | $ | 41 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Short-term |  |  |  |  |  |  |
Derivative instruments (foreign exchange contracts) | $ | 11 |  |  | $ | — |  |  | $ | 11 |  |  | $ | — |
Contingent consideration | 7 |  |  | — |  |  | — |  |  | 7 |
Long-term |  |  |  |  |  |  |
Deferred compensation liability | 37 |  |  | — |  |  | 37 |  |  | — |
Contingent consideration | 1 |  |  | — |  |  | — |  |  | 1 |
Total liabilities measured at fair value | $ | 56 |  |  | $ | — |  |  | $ | 48 |  |  | $ | 8 |
Financial assets and liabilities measured at fair value on a recurring basis as of October 31, 2022 were as follows:
|  |  | Fair Value Measurement at October 31, 2022 Using
| October 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) | $ | 492 |  |  | $ | 492 |  |  | $ | — |  |  | $ | — |
Derivative instruments (foreign exchange contracts) | 31 |  |  | — |  |  | 31 |  |  | — |
Long-term |  |  |  |  |  |  |
Trading securities | 31 |  |  | 31 |  |  | — |  |  | — |
Other investments | 23 |  |  | — |  |  | 23 |  |  | — |
Total assets measured at fair value | $ | 577 |  |  | $ | 523 |  |  | $ | 54 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Short-term |  |  |  |  |  |  |
Derivative instruments (foreign exchange contracts) | $ | 5 |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |
Contingent consideration | 66 |  |  | — |  |  | — |  |  | 66 |
Long-term |  |  |  |  |  |  |
Deferred compensation liability | 31 |  |  | — |  |  | 31 |  |  | — |
Contingent consideration | 1 |  |  | — |  |  | — |  |  | 1 |
Total liabilities measured at fair value | $ | 103 |  |  | $ | — |  |  | $ | 36 |  |  | $ | 67 |
Gain (Loss) on Securities | Gains and losses reflected in other income (expense), net for our equity investments with readily determinable fair value ("RDFV") and equity investments without RDFV are summarized below:
| Three Months Ended |  | Six Months Ended
| April 30, |  | April 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Net loss recognized during the period on equity securities | $ | 4 |  |  | $ | 15 |  |  | $ | 14 |  |  | $ | 62 |
Less: Net loss on equity securities sold during the period | $ | 4 |  |  | $ | — |  |  | $ | 15 |  |  | $ | — |
Unrealized (gain) loss on equity securities | $ | — |  |  | $ | 15 |  |  | $ | (1) |  |  | $ | 62 |
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 |  | Six Months Ended
| April 30, |  | April 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Beginning balance | $ | 3 |  |  | $ | 92 |  |  | $ | 67 |  |  | $ | 89 |
Additions to contingent consideration (including measurement period adjustment) | $ | 5 |  |  | $ | 3 |  |  | $ | 5 |  |  | $ | 3 |
Payments | $ | — |  |  | $ | — |  |  | $ | (65) |  |  | $ | — |
Change in fair value (included within selling, general and administrative expenses) | $ | — |  |  | $ | (28) |  |  | $ | 1 |  |  | $ | (25) |
Ending balance | $ | 8 |  |  | $ | 67 |  |  | $ | 8 |  |  | $ | 67 |

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