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Financial Instruments (Tables)

6 Months Ended

Apr. 30, 2021

Investments, All Other Investments [Abstract]

Cash Equivalents and Available-for-Sale Investments

Cash equivalents and available-for-sale debt investments were as follows:

			As of April 30, 2021																		As of October 31, 2020
			Cost						Gross Unrealized Gain												Fair Value						Cost						Gross Unrealized Gain												Fair Value
			In millions
Cash Equivalents:
Time deposits			$	893					$	—											$	893					$	939					$	—											$	939
Money market funds			1,955						—												1,955						1,167						—												1,167
Total cash equivalents			2,848						—												2,848						2,106						—												2,106
Available-for-Sale Debt Investments:
Foreign bonds			112						15												127						108						17												125
Other debt securities			17						1												18						20						1												21
Total available-for-sale debt investments			129						16												145						128						18												146
Total cash equivalents and available-for-sale debt investments			$	2,977					$	16											$	2,993					$	2,234					$	18											$	2,252

Contractual Maturities of Investments in Available-for-Sale Debt Securities

Contractual maturities of available-for-sale debt investments were as follows:

			April 30, 2021
			Amortized Cost						Fair Value
			In millions
Due in more than five years			129						145
			$	129					$	145

Gross Notional and Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

The gross notional and fair value of derivative instruments in the Condensed Consolidated Balance Sheets were as follows:

			As of April 30, 2021																														As of October 31, 2020
									Fair Value																														Fair Value
			Outstanding Gross Notional						Other Current Assets						Long-Term Financing Receivables and Other Assets						Other Accrued Liabilities						Long-Term Other Liabilities						Outstanding Gross Notional						Other Current Assets						Long-Term Financing Receivables and Other Assets						Other Accrued Liabilities						Long-Term Other Liabilities
			In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts			$	3,850					$	—					$	150					$	—					$	—					$	3,850					$	—					$	220					$	—					$	—
Cash flow hedges:
Foreign currency contracts			7,843						48						28						118						97						7,652						75						85						95						38
Interest rate contracts			—						—						—						—						—						500						—						—						2						—
Net investment hedges:
Foreign currency contracts			1,812						20						18						25						27						1,804						34						44						11						9
Total derivatives designated as hedging instruments			13,505						68						196						143						124						13,806						109						349						108						47
Derivatives not designated as hedging instruments
Foreign currency contracts			6,683						29						8						29						3						6,157						43						9						35						1
Other derivatives			108						2						—						—						—						105						—						—						3						—
Total derivatives not designated as hedging instruments			6,791						31						8						29						3						6,262						43						9						38						1
Total derivatives			$	20,296					$	99					$	204					$	172					$	127					$	20,068					$	152					$	358					$	146					$	48

Offsetting Assets

The information related to the potential effect of the Company's use of the master netting agreements and collateral security agreements were as follows:

			As of April 30, 2021
			In the Condensed Consolidated Balance Sheets
			(i)						(ii)						(iii) = (i)–(ii)						(iv)						(v)									(vi) = (iii)–(iv)–(v)
																					Gross Amounts Not Offset
			Gross Amount Recognized						Gross Amount Offset						Net Amount Presented						Derivatives						Financial Collateral									Net Amount
			In millions
Derivative assets			$	303					$	—					$	303					$	177					$	82		(1)						$	44
Derivative liabilities			$	299					$	—					$	299					$	177					$	150		(2)						$	(28)

			As of October 31, 2020
			In the Condensed Consolidated Balance Sheets
			(i)						(ii)						(iii) = (i)–(ii)						(iv)						(v)									(vi) = (iii)–(iv)–(v)
																					Gross Amounts Not Offset
			Gross Amount Recognized						Gross Amount Offset						Net Amount Presented						Derivatives						Financial Collateral									Net Amount
			In millions
Derivative assets			$	510					$	—					$	510					$	137					$	321		(1)						$	52
Derivative liabilities			$	194					$	—					$	194					$	137					$	55		(2)						$	2

(1)Represents the cash collateral posted by counterparties as of the respective reporting date for the Company's asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

(2)Represents the collateral posted by the Company in cash or through the re-use of counterparty cash collateral as of the respective reporting date for the Company's liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date. As of April 30, 2021, of the $150 million of collateral posted, $70 million was in cash and $80 million was through re-use of counterparty collateral. As of October 31, 2020, $55 million of collateral posted was entirely by way of re-use of counterparty collateral.

Offsetting Liabilities

The information related to the potential effect of the Company's use of the master netting agreements and collateral security agreements were as follows:

			As of April 30, 2021
			In the Condensed Consolidated Balance Sheets
			(i)						(ii)						(iii) = (i)–(ii)						(iv)						(v)									(vi) = (iii)–(iv)–(v)
																					Gross Amounts Not Offset
			Gross Amount Recognized						Gross Amount Offset						Net Amount Presented						Derivatives						Financial Collateral									Net Amount
			In millions
Derivative assets			$	303					$	—					$	303					$	177					$	82		(1)						$	44
Derivative liabilities			$	299					$	—					$	299					$	177					$	150		(2)						$	(28)

			As of October 31, 2020
			In the Condensed Consolidated Balance Sheets
			(i)						(ii)						(iii) = (i)–(ii)						(iv)						(v)									(vi) = (iii)–(iv)–(v)
																					Gross Amounts Not Offset
			Gross Amount Recognized						Gross Amount Offset						Net Amount Presented						Derivatives						Financial Collateral									Net Amount
			In millions
Derivative assets			$	510					$	—					$	510					$	137					$	321		(1)						$	52
Derivative liabilities			$	194					$	—					$	194					$	137					$	55		(2)						$	2

(1)Represents the cash collateral posted by counterparties as of the respective reporting date for the Company's asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

(2)Represents the collateral posted by the Company in cash or through the re-use of counterparty cash collateral as of the respective reporting date for the Company's liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date. As of April 30, 2021, of the $150 million of collateral posted, $70 million was in cash and $80 million was through re-use of counterparty collateral. As of October 31, 2020, $55 million of collateral posted was entirely by way of re-use of counterparty collateral.

Pre-tax Effect of Derivative Instruments and Related Hedged Items in a Fair Value Hedging Relationship

The amounts recorded on the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges were as follows:

			Carrying amount of the hedged assets/ (liabilities)												Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets/ (liabilities)
			As of												As of
			April 30, 2021						October 31, 2020						April 30, 2021						October 31, 2020
			In millions												In millions
Long-term debt			$	(3,990)					$	(4,059)					$	(150)					$	(220)

Pre-tax Effect of Derivative Instruments in Net Investment Hedging Relationships

The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships recognized in Other Comprehensive Income ("OCI") were as follows:

			Gains (Losses) Recognized in OCI on Derivatives
			Three months ended April 30, 2021						Three months ended April 30, 2020						Six months ended April 30, 2021						Six months ended April 30, 2020
			In millions
Derivatives in Cash Flow Hedging relationship
Foreign exchange contracts			$	45					$	301					$	(284)					$	377
Interest rate contracts			—						(5)						—						(6)
Derivatives in Net Investment Hedging relationship
Foreign exchange contracts			(3)						112						(77)						133
Total			$	42					$	408					$	(361)					$	504

Pre-tax Effect of Derivative Instruments in Cash Flow Hedging Relationships

The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships recognized in Other Comprehensive Income ("OCI") were as follows:

			Gains (Losses) Recognized in OCI on Derivatives
			Three months ended April 30, 2021						Three months ended April 30, 2020						Six months ended April 30, 2021						Six months ended April 30, 2020
			In millions
Derivatives in Cash Flow Hedging relationship
Foreign exchange contracts			$	45					$	301					$	(284)					$	377
Interest rate contracts			—						(5)						—						(6)
Derivatives in Net Investment Hedging relationship
Foreign exchange contracts			(3)						112						(77)						133
Total			$	42					$	408					$	(361)					$	504

Effect of Derivative Instruments on the Statement of Earnings

The pre-tax effect of derivative instruments on the Condensed Consolidated Statements of Earnings were as follows:

			Gains (Losses) Recognized in Income
			Three months ended April 30, 2021												Three months ended April 30, 2020												Six months ended April 30, 2021												Six months ended April 30, 2020
			Net revenue						Interest and other, net						Net revenue						Interest and other, net						Net revenue						Interest and other, net						Net revenue						Interest and other, net
			In millions
Total amounts of income and expense line items presented in the Condensed Consolidated Statements of Earnings in which the effects of fair value hedges, cash flow hedges and derivatives not designated as hedging instruments are recorded			$	6,700					$	(11)					$	6,009					$	(68)					$	13,533					$	(55)					$	12,958					$	(87)
Gains (losses) on derivatives in fair value hedging relationships
Interest rate contracts
Hedged items			$	—					$	52					$	—					$	(156)					$	—					$	70					$	—					$	(185)
Derivatives designated as hedging instruments			—						(52)						—						156						—						(70)						—						185
Gains (losses) on derivatives in cash flow hedging relationships
Foreign exchange contracts
Amount of gains (losses) reclassified from accumulated other comprehensive income into income			(35)						16						48						166						(99)						(197)						74						209
Interest rate contracts
Amount of gains (losses) reclassified from accumulated other comprehensive income into income			—						(1)						—						—						—						(2)						—						—
Gains (losses) on derivatives not designated as hedging instruments
Foreign exchange contracts			—						13						—						99						—						(28)						—						45
Other derivatives			—						3						—						8						—						4						—						5
Total gains (losses)			$	(35)					$	31					$	48					$	273					$	(99)					$	(223)					$	74					$	259

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Tabular disclosure of the reconciliation of cash equivalents and available-for-sale securities from cost basis to fair value.

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