XML 62 R46.htm IDEA: XBRL DOCUMENT
v3.24.4

LEASES (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2024
Leases [Abstract] |
Lease, Cost | The components of lease cost for operating leases were as follows:
|  | Year Ended October 31,
|  | 2024 |  | 2023 |  | 2022
|  | (in millions)
Operating lease cost |  | $ | 58 |  |  | $ | 68 |  |  | $ | 59 |
Short-term lease cost |  | — |  |  | 2 |  |  | 2 |
Variable lease cost (a) |  | 15 |  |  | 16 |  |  | 15 |
Sublease income |  | (17) |  |  | (16) |  |  | (14) |
Total lease cost |  | $ | 56 |  |  | 70 |  |  | 62 |
(a) Variable lease cost includes cancelable leases, non-fixed maintenance costs and non-recoverable transaction taxes. In the fourth quarter of fiscal year 2023, we initiated a new restructuring plan ("FY23 Plan") designed to reduce costs and expenses in response to the current macroeconomic conditions. In 2024 and 2023, the consolidation of excess facilities under the FY23 Plan resulted in $1 million and $8 million, respectively, of accelerated depreciation of our ROU assets. During fiscal year 2024 and 2022, there were no ROU asset impairments. During fiscal year 2023, we recorded ROU asset impairments of $8 million primarily related to the exit of our Resolution Bioscience business. Supplemental cash flow information related to leases was as follows:
|  | Year Ended October 31,
|  | 2024 |  | 2023 |  | 2022
|  | (in millions)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flow from operating leases |  | $ | 49 |  |  | $ | 56 |  |  | $ | 53 |
Non-cash right of use assets obtained in exchange for operating lease obligations |  | $ | 60 |  |  | $ | 70 |  |  | $ | 38 |
Supplemental balance sheet information related to leases was as follows:
|  |  |  | October 31,
|  | Financial Statement Line Item |  | 2024 |  | 2023
|  |  |  | (in millions, except lease term and discount rate)
Assets: |  |  |  |  |  |
Operating lease: |  |  |  |  |  |
Right of use asset |  | Other assets |  | $ | 177 |  |  | $ | 154 |
Liabilities: |  |  |  |  |  |
Current |  |  |  |  |  |
Operating lease liabilities |  | Other accrued liabilities |  | $ | 42 |  |  | $ | 46 |
Long-term |  |  |  |  |  |
Operating lease liabilities |  | Other long-term liabilities |  | $ | 142 |  |  | $ | 118 |
Weighted average remaining lease term (in years) |  |  |  |  |  |
Operating leases |  |  |  | 8.2 years |  | 8.3 years
Weighted average discount rate |  |  |  |  |  |
Operating leases |  |  |  | 3.7 | % |  | 3.3 | %
Schedule of Future Minimum Rent Payments | Future minimum rents payable as of October 31, 2024 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) |
2025 |  | $ | 48 |  |
2026 |  | 38 |  |
2027 |  | 28 |  |
2028 |  | 20 |  |
2029 |  | 14 |  |
Thereafter |  | 65 |  |
Total undiscounted future minimum lease payments |  | $ | 213 |  |
Less: amount of lease payments representing interest |  | (29) |  |
Present value of future minimum lease payments |  | $ | 184 |  |
Less: current liabilities |  | (42) |  |
Long-term lease liabilities |  | $ | 142 |  |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration