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DERIVATIVES (Tables) | 12 Months Ended
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Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Aggregated notional amounts by designation | The number of open foreign exchange forward contracts and aggregated notional amounts by designation as of October 31, 2023 were as follows:
|  | Number of Open Forward Contracts |  | Aggregate Notional Amount USD
|  |  | Buy/(Sell)
|  |  |  | ($ in millions)
Derivatives designated as hedging instruments: |  |  |  |
Cash Flow Hedges |  |  |  |
Foreign exchange forward contracts |  | 270 |  | $ | (383) |
Net Investment Hedges |  |  |  |
Foreign exchange forward contracts |  | 3 |  | $ | (11) |
Derivatives not designated as hedging instruments: |  |  |  |
Foreign exchange forward contracts |  | 194 |  | $ | (162) |
Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet | The gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet as of October 31, 2023 and 2022 were as follows:
Fair Values of Derivative Instruments
Asset Derivatives |  | Liability Derivatives
|  | Fair Value |  |  |  | Fair Value
Balance Sheet Location |  | October 31, 2023 |  | October 31, 2022 |  | Balance Sheet Location |  | October 31, 2023 |  | October 31, 2022
(in millions)
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Cash flow hedges |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 15 |  |  | $ | 23 |  |  | Other accrued liabilities |  | $ | 1 |  |  | $ | 2 |
Net investment hedges |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 1 |  |  | $ | — |  |  | Other accrued liabilities |  | $ | — |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 3 |  |  | $ | 8 |  |  | Other accrued liabilities |  | $ | 1 |  |  | $ | 3 |
Total derivatives |  | $ | 19 |  |  | $ | 31 |  |  |  |  | $ | 2 |  |  | $ | 5 |
Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations | The effects of derivative instruments for foreign exchange contracts designated as hedging instruments and not designated as hedging instruments in our consolidated statement of operations were as follows:
| Years Ended October 31,
| 2023 |  | 2022 |  | 2021
| (in millions)
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges |  |  |  |  |
Foreign exchange contracts: |  |  |  |  |
Loss reclassified from accumulated other comprehensive income (loss) into interest expense | $ | (2) |  |  | $ | (2) |  |  | $ | (1) |
Gain (loss) recognized in accumulated other comprehensive income (loss) | $ | (4) |  |  | $ | 56 |  |  | $ | 2 |
Gain (loss) reclassified from accumulated other comprehensive income (loss) into cost of sales | $ | 2 |  |  | $ | 36 |  |  | $ | (16) |
Gain on time value of forward contracts recorded in cost of sales | $ | 7 |  |  | $ | — |  |  | $ | — |
Net investment hedges |  |  |  |  |
Foreign exchange contracts: |  |  |  |  |
Gain (loss) recognized in accumulated other comprehensive income (loss) - translation adjustment | $ | (1) |  |  | $ | 5 |  |  | $ | 1 |
Gain on time value of forward contracts recorded in other income (expense) | — |  |  | — |  |  | 1 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Gain recognized in other income (expense), net | $ | 3 |  |  | $ | 10 |  |  | $ | — |

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