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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Jul. 31, 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 July 31, 2023 were as follows:
|  |  | Fair Value Measurement at July 31, 2023 Using
| July 31, 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) | $ | 719 |  |  | $ | 719 |  |  | $ | — |  |  | $ | — |
Derivative instruments (foreign exchange contracts) | 11 |  |  | — |  |  | 11 |  |  | — |
Long-term |  |  |  |  |  |  |
Trading securities | 38 |  |  | 38 |  |  | — |  |  | — |
Other investments | 29 |  |  | — |  |  | 29 |  |  | — |
Total assets measured at fair value | $ | 797 |  |  | $ | 757 |  |  | $ | 40 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Short-term |  |  |  |  |  |  |
Derivative instruments (foreign exchange contracts) | $ | 10 |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |
Contingent consideration | 2 |  |  | — |  |  | — |  |  | 2 |
Long-term |  |  |  |  |  |  |
Deferred compensation liability | 38 |  |  | — |  |  | 38 |  |  | — |
Contingent consideration | 1 |  |  | — |  |  | — |  |  | 1 |
Total liabilities measured at fair value | $ | 51 |  |  | $ | — |  |  | $ | 48 |  |  | $ | 3 |
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 |  | Nine Months Ended
| July 31, |  | July 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Net gain (loss) recognized during the period on equity securities | $ | 1 |  |  | $ | 2 |  |  | $ | (13) |  |  | $ | (60) |
Less: Net gain (loss) on equity securities sold during the period | $ | — |  |  | $ | 12 |  |  | $ | (15) |  |  | $ | 12 |
Unrealized gain (loss) on equity securities | $ | 1 |  |  | $ | (10) |  |  | $ | 2 |  |  | $ | (72) |
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Beginning balance | $ | 8 |  |  | $ | 67 |  |  | $ | 67 |  |  | $ | 89 |
Additions to contingent consideration (including measurement period adjustment) | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | 3 |
Payments | $ | (5) |  |  | $ | — |  |  | $ | (70) |  |  | $ | — |
Change in fair value (included within selling, general and administrative expenses) | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | (25) |
Ending balance | $ | 3 |  |  | $ | 67 |  |  | $ | 3 |  |  | $ | 67 |

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- Definition 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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- Definition 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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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