STOCKHOLDERS' EQUITY

3 Months Ended

Jan. 31, 2013

Stockholders' Equity Note [Abstract]

STOCKHOLDERS EQUITY

15.    STOCKHOLDERS' EQUITY

Stock Repurchase Program

On November 19, 2009 our board of directors approved a share-repurchase program to reduce or eliminate dilution of basic outstanding shares in connection with issuances of stock under the company's equity incentive plans (the "2009 repurchase program"). The 2009 repurchase program did not require the company to acquire a specific number of shares and could be suspended or discontinued at any time. There was no fixed termination date for the 2009 repurchase program.

On January 16, 2013, our board of directors terminated the 2009 repurchase program and approved a new share-repurchase program (the "2013 repurchase program"). The 2013 repurchase program authorizes the use of up to $500 million to repurchase shares of the company's common stock in open market transactions, inclusive of any amounts repurchased under the 2009 repurchase program since November 1, 2012. Unless terminated earlier by the board of directors, the 2013 repurchase program is designed to cover purchases during fiscal year 2013, and any unused portion may be used in fiscal year 2014. The 2013 repurchase program does not require the company to acquire a specific number of shares and may be suspended or discontinued at any time.

For the three months ended January 31, 2013, we repurchased 2 million shares for $79 million. For the three months ended January 31, 2012, we repurchased 1 million shares for $34 million. All such shares and related costs are held as treasury stock and accounted for using the cost method.

Cash Dividends on Shares of Common Stock

On November 16, 2012, we declared cash dividends of $0.10 per share or $35 million. The dividends were paid on January 23, 2013 to shareholders of record as of close of business on December 31, 2012.

On January 16, 2013, our board of directors authorized a 20 percent increase in the quarterly dividend from $0.10 per share to $0.12 per share payable in the second quarter of 2013. The second quarter dividend will be paid on April 24, 2013 to all shareholders of record as of the close of business on April 2, 2013. For the three months ended January 31, 2013, cash dividends of $0.12 per share or $42 million were declared on the company's common stock and recorded in other accrued liabilities.

For the three months ended January 31, 2012, cash dividends of $0.10 per share, or $35 million were declared on the company's common stock and recorded in other accrued liabilities.

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