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Derivative Financial Instruments | 12 Months Ended
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Oct. 31, 2018
Investments All Other Investments [Abstract] |
Derivative Financial Instruments | Note 12 — Derivative financial instruments We operate internationally and enter into intercompany transactions denominated in foreign currencies. Consequently, we are subject to market risk arising from exchange rate movements between the dates foreign currency transactions occur and the dates they are settled. We regularly use foreign currency forward contracts to reduce our risks related to most of these transactions. These contracts usually have maturities of 90 days or less and generally require us to exchange foreign currencies for U.S. dollars at maturity, at rates stated in the contracts. These contracts are not designated as hedging instruments under U.S. GAAP. Accordingly, the changes in the fair value of the foreign currency forward contracts are recognized in each accounting period in “Other – net” on the Consolidated Statement of Income together with the transaction gain or loss from the related balance sheet position. In 2018, we recognized net losses of $3,151 on foreign currency forward contracts and net gains of $4,284 from the change in fair value of balance sheet positions. In 2017, we recognized net gains of $329 on foreign currency forward contracts and net losses of $1,015 from the change in fair value of balance sheet positions. In 2016, we recognized net gains of $2,317 on foreign currency forward contracts and net losses of $312 from the change in fair value of balance sheet positions. The following table summarizes, by currency, the contracts outstanding at October 31, 2018 and 2017:
|  | Notional Amounts
|  | Sell |  |  |  | Buy |  |
October 31, 2018 contract amounts: |  |  |  |  |  |  |  |  |  |
Euro |  | $ | 323,571 |  |  |  | $ | 184,170 |  |
Pound sterling |  |  | 23,879 |  |  |  |  | 60,007 |  |
Japanese yen |  |  | 25,408 |  |  |  |  | 46,671 |  |
Australian dollar |  |  | 178 |  |  |  |  | 7,912 |  |
Hong Kong dollar |  |  | — |  |  |  |  | 112,414 |  |
Singapore dollar |  |  | 604 |  |  |  |  | 14,092 |  |
Others |  |  | 4,730 |  |  |  |  | 57,546 |  |
Total |  | $ | 378,370 |  |  |  | $ | 482,812 |  |
October 31, 2017 contract amounts: |  |  |  |  |  |  |  |  |  |
Euro |  | $ | 144,611 |  |  |  | $ | 78,253 |  |
Pound sterling |  |  | 45,252 |  |  |  |  | 54,204 |  |
Japanese yen |  |  | 24,904 |  |  |  |  | 28,358 |  |
Australian dollar |  |  | 193 |  |  |  |  | 8,185 |  |
Hong Kong dollar |  |  | — |  |  |  |  | 100,131 |  |
Singapore dollar |  |  | 794 |  |  |  |  | 12,681 |  |
Others |  |  | 5,413 |  |  |  |  | 51,930 |  |
Total |  | $ | 221,167 |  |  |  | $ | 333,742 |  |
We also use intercompany foreign currency transactions of a long-term investment nature to hedge the value of investment in wholly-owned subsidiaries. For hedges of the net investment in foreign operations, realized and unrealized gains and losses are shown in the cumulative translation adjustment account included in total comprehensive income. For 2018 and 2017, net gains of $828 and net losses of $760, respectively, were included in the cumulative translation adjustment account related to foreign denominated fixed-rate debt designated as a hedge of net investment in foreign operations. We are exposed to credit-related losses in the event of nonperformance by counterparties to financial instruments. These financial instruments include cash deposits and foreign currency forward contracts. We periodically monitor the credit ratings of these counterparties in order to minimize our exposure. Our customers represent a wide variety of industries and geographic regions. As of October 31, 2018 and 2017, there were no significant concentrations of credit risk.

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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