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RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Notes) | 3 Months Ended
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Jan. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] |
RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS | RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS Components of net periodic benefit cost (income). For the three months ended January 31, 2025 and 2024, our net pension and post retirement benefit cost (income) were comprised of the following:
| Three Months Ended Jan 31,
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | U.S. Post Retirement Benefit Plans
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions)
Service cost—benefits earned during the period | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |
Interest cost on benefit obligation | 5 |  |  | 5 |  |  | 6 |  |  | 6 |  |  | — |  |  | 1 |
Expected return on plan assets | (6) |  |  | (5) |  |  | (11) |  |  | (9) |  |  | (1) |  |  | (1) |
Amortization of net actuarial (gain) loss | — |  |  | 1 |  |  | (6) |  |  | (4) |  |  | — |  |  | — |
Total net periodic benefit cost (income) | $ | (1) |  |  | $ | 1 |  |  | $ | (6) |  |  | $ | (2) |  |  | $ | (1) |  |  | $ | — |
Settlement (gain) loss | $ | — |  |  | $ | — |  |  | $ | 14 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
The service cost component is recorded in cost of sales and operating expenses in the condensed consolidated statement of operations. All other cost components are recorded in other income (expense), net in the condensed consolidated statement of operations. During the three months ended January 31, 2025, we transferred all the assets and obligations of our Netherlands defined benefit plan to an unaffiliated insurance company under a buy-out contract. The settlement resulted in a net loss of $14 million, which is included in other income (expense), net in the condensed consolidated statement of operations. The settlement loss includes the recognition of previously unrecognized actuarial losses that were included in accumulated other comprehensive income. Employer contributions and expected future employer contributions for the remainder of the year were as follows:
|  |  | Three Months Ended |  | Employer Contributions
|  |  | Jan 31, |  | For Remainder of Year
|  |  |  |  | 2025 |  | 2024 |  |  | 2025 |
|  |  |  |  | (in millions)
U.S. defined benefit plans |  |  |  |  | $ | — |  |  | $ | — |  |  |  | $ | — |  |
Non-U.S. defined benefit plans |  |  |  |  | $ | 6 |  |  | $ | 6 |  |  |  | $ | 12 |  |

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