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STOCKHOLDERS' EQUITY (Notes)
9 Months Ended
Jul. 31, 2025
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS EQUITY STOCKHOLDERS' EQUITY
 
Stock Repurchase Programs
 
On January 9, 2023, we announced that our board of directors had approved a share repurchase program (the "2023 repurchase program") designed, among other things, to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs. The 2023 repurchase program authorizes the purchase of up to $2.0 billion, excluding excise taxes, of our common stock at the company's discretion and has no fixed termination date. The 2023 repurchase program does not require the company to acquire a specific number of shares and may be suspended, amended or discontinued at any time. The 2023 repurchase program commenced on March 1, 2023.

During the three and nine months ended July 31, 2024, we repurchased and retired 4.397 million shares for $585 million, excluding excise taxes of $5.4 million and 5.991 million shares for $815 million, excluding excise taxes of $6.4 million, respectively, under this authorization. During the three and nine months ended July 31, 2025, we repurchased and retired 737,474 shares for $85 million, excluding excise taxes of approximately $0.4 million and 2.734 million shares for $340 million, excluding excise taxes of approximately $2 million, respectively, under this authorization. As of July 31, 2025, we had remaining authorization to repurchase up to approximately $34 million of our common stock under the 2023 repurchase program.

On May 29, 2024, we announced that our board of directors had approved a new share repurchase program (the "2024 repurchase program") designed, among other things, to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs. The 2024 repurchase program authorizes the purchase of up to $2.0 billion, excluding excise taxes, of our common stock at the company's discretion and has no fixed termination date. The 2024 repurchase program does not require the company to acquire a specific number of shares and may be suspended, amended or
discontinued at any time. The 2024 repurchase program became effective on August 1, 2024 and will commence upon the termination of our 2023 repurchase program.
 
Cash Dividends on Shares of Common Stock
 
During the three and nine months ended July 31, 2025, we paid cash dividends of $0.248 per common share or $71 million and $0.744 per common share or $212 million, respectively, on the company's common stock. During the three and nine months ended July 31, 2024, we paid cash dividends of $0.236 per common share or $68 million and $0.708 per common share or $206 million, respectively, on the company's common stock.

The timing and amounts of any future dividends are subject to determination and approval by our board of directors.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component and related tax effects were as follows:
Net defined benefit pension cost and post retirement plan costs
Three Months Ended July 31, 2025Foreign currency translationPrior service creditsActuarial LossesUnrealized gains (losses) on derivativesTotal
(in millions)
As of April 30, 2025$(288)$121 $(116)$$(280)
Other comprehensive income (loss) before reclassifications(5)— — (2)
Amounts reclassified out of accumulated other comprehensive income (loss)— (1)(7)(1)
Tax (expense) benefit— — (3)— 
Other comprehensive income (loss)(5)(1)(4)(3)
As of July 31, 2025$(293)$120 $(120)$10 $(283)
Nine Months Ended July 31, 2025
As of October 31, 2024$(323)$121 $(112)$$(305)
Other comprehensive income (loss) before reclassifications30 — — (1)29 
Amounts reclassified out of accumulated other comprehensive income (loss)— (1)(13)(12)
Tax (expense) benefit— — — 
Other comprehensive income (loss)30 (1)(8)22 
As of July 31, 2025$(293)$120 $(120)$10 $(283)
Reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended July 31, 2025 and 2024 were as follows (in millions):
Details about accumulated other
comprehensive income (loss) components
Amounts Reclassified from
other comprehensive income (loss)
Affected line item in
statement of operations
Three Months EndedNine Months Ended
July 31,July 31,
2025202420252024
Foreign currency translation$— $— $— $Other income (expense), net
— — — Total before income tax
— — — — (Provision) benefit for income tax
— — — Total net of income tax
Unrealized gain (loss) on derivatives(7)(1)Cost of products
Unrealized gain (loss) on derivatives— — (1)(1)Interest expense
(7)(2)Total before income tax
(1)— (2)(Provision) benefit for income tax
(5)(2)Total net of income tax
Net defined benefit pension cost and post retirement plan costs:
Actuarial net gain (loss)13 12 Other income (expense), net
Prior service benefit— — Other income (expense)
14 12 Total before income tax
(3)(2)(5)(4)(Provision) benefit for income tax
Total net of income tax
Total reclassifications for the period$— $$$21 

Amounts in parentheses indicate reductions to income and increases to other comprehensive income (loss).

Reclassifications out of accumulated other comprehensive income (loss) of actuarial net gain (loss) and prior service benefit in respect of retirement plans and post retirement pension plans are included in the computation of net periodic benefit cost (income) (see Note 11, "Retirement Plans and Post Retirement Pension Plans").