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INCOME TAXES (Tables) | 12 Months Ended
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Oct. 31, 2025
Income Tax Disclosure [Abstract] |
Domestic and Foreign Components of Income before Taxes | The domestic and foreign components of income before taxes are:
| Years Ended October 31,
| 2025 |  | 2024 |  | 2023
| (in millions)
U.S. operations | $ | 292 |  |  | $ | 391 |  |  | $ | 614 |
Non-U.S. operations | 1,143 |  |  | 1,130 |  |  | 725 |
Total income before taxes | $ | 1,435 |  |  | $ | 1,521 |  |  | $ | 1,339 |
Provision for income taxes | The provision for income taxes is comprised of:
| Years Ended October 31,
| 2025 |  | 2024 |  | 2023
| (in millions)
U.S. federal taxes: |  |  |  |  |
Current | $ | 103 |  |  | $ | 182 |  |  | $ | 117 |
Deferred | (105) |  |  | (104) |  |  | (84) |
Non-U.S. taxes: |  |  |  |  |
Current | 148 |  |  | 87 |  |  | 26 |
Deferred | (16) |  |  | 60 |  |  | 38 |
State taxes, net of federal benefit: |  |  |  |  |
Current | 11 |  |  | 27 |  |  | 12 |
Deferred | (9) |  |  | (20) |  |  | (10) |
Total provision for income taxes | $ | 132 |  |  | $ | 232 |  |  | $ | 99 |
Tax rate reconciliation, U.S. federal statutory rate to effective tax rate from operations | The differences between the U.S. federal statutory income tax rate and our effective tax rate are:
| Years Ended October 31,
| 2025 |  | 2024 |  | 2023
| (in millions)
Profit before tax times statutory rate | $ | 301 |  |  | $ | 319 |  |  | $ | 281 |
State income taxes, net of federal benefit | 3 |  |  | 7 |  |  | 2 |
Non-U.S. income taxed at different rates | (40) |  |  | (14) |  |  | 20 |
Change in unrecognized tax benefits | (37) |  |  | (8) |  |  | (35) |
Foreign-derived intangible income deduction | (29) |  |  | (47) |  |  | (41) |
Realized loss on divestiture of business | — |  |  | — |  |  | (104) |
Intra-entity transfer of assets | (57) |  |  | — |  |  | — |
Other, net | (9) |  |  | (25) |  |  | (24) |
Provision (benefit) for income taxes | $ | 132 |  |  | $ | 232 |  |  | $ | 99 |
Effective tax rate | 9.2 | % |  | 15.3 | % |  | 7.4 | %
Significant components of deferred tax assets and deferred tax liabilities | The significant components of deferred tax assets and deferred tax liabilities included on the consolidated balance sheet are:
| Years Ended October 31,
| 2025 |  | 2024
| (in millions)
Deferred Tax Assets |  |  |
Intangibles | $ | 151 |  |  | $ | 20 |
Employee benefits, other than retirement | 36 |  |  | 31 |
Net operating loss, capital loss, and credit carryforwards | 217 |  |  | 184 |
Deferred revenue | 39 |  |  | 98 |
Share-based compensation | 26 |  |  | 25 |
Capitalized R&D | 118 |  |  | 93 |
Lease obligations | 42 |  |  | 39 |
Other | 49 |  |  | 35 |
Deferred tax assets | $ | 678 |  |  | $ | 525 |
Tax valuation allowance | (119) |  |  | (113) |
Deferred tax assets, net of valuation allowance | $ | 559 |  |  | $ | 412 |
Deferred Tax Liabilities |  |  |
Property, plant and equipment | $ | (76) |  |  | $ | (62) |
Pension benefits and retiree medical benefits | (53) |  |  | (41) |
Right-of-use asset | (40) |  |  | (39) |
Other | (10) |  |  | (4) |
Deferred tax liabilities | $ | (179) |  |  | $ | (146) |
Net deferred tax assets (liabilities) | $ | 380 |  |  | $ | 266 |
The breakdown between long-term deferred tax assets and deferred tax liabilities was as follows:
| October 31,
| 2025 |  | 2024
| (in millions)
Long-term deferred tax assets (included within other assets) | $ | 427 |  |  | $ | 351 |
Long-term deferred tax liabilities (included within other long-term liabilities) | (47) |  |  | (85) |
Total | $ | 380 |  |  | $ | 266 |
Current and Long Term Tax Assets and Liabilities | The breakdown between current and long-term income tax assets and liabilities, excluding deferred tax assets and liabilities, was as follows:
| October 31,
| 2025 |  | 2024
| (in millions)
Current income tax assets (included within other current assets) | $ | 108 |  |  | $ | 147 |
Long-term income tax assets (included within other assets) | 3 |  |  | 3 |
Current income tax liabilities (included within other accrued liabilities) | (143) |  |  | (152) |
Long-term income tax liabilities (included within other long-term liabilities) | (28) |  |  | (115) |
Total | $ | (60) |  |  | $ | (117) |
Aggregate Changes in Gross Unrecognized Tax Benefits | The aggregate changes in the balances of our gross unrecognized tax benefits including all federal, state and foreign tax jurisdictions are as follows:
| 2025 |  | 2024 |  | 2023
| (in millions)
Balance, beginning of year | $ | 97 |  |  | $ | 98 |  |  | $ | 123 |
Additions for tax positions related to the current year | — |  |  | 6 |  |  | 5 |
Additions for tax positions from prior years | — |  |  | 3 |  |  | 3 |
Reductions for tax positions from prior years | (23) |  |  | (1) |  |  | (27) |
Statute of limitations expirations | (5) |  |  | (9) |  |  | (6) |
Balance, end of year | $ | 69 |  |  | $ | 97 |  |  | $ | 98 |

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