RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)

12 Months Ended

Oct. 31, 2013

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Schedule of net pension and post-retirement benefit costs

October 31, 2013, 2012 and 2011, components of net periodic benefit cost and other amounts recognized in other comprehensive income were comprised of:

	Pensions																		U.S. Post-Retirement Benefit Plans
	U.S. Plans									Non-U.S. Plans
	2013			2012			2011			2013			2012			2011			2013			2012			2011
	(in millions)
Net periodic benefit cost (benefit)
Service cost — benefits earned during the period	$	44		$	40		$	42		$	36		$	33		$	32		$	4		$	3		$	3
Interest cost on benefit obligation	24			27			28			68			74			72			12			15			21
Expected return on plan assets	(51		)	(46		)	(44		)	(97		)	(92		)	(94		)	(20		)	(19		)	(21		)
Amortization of net actuarial loss	13			7			4			55			42			40			18			16			14
Amortization of prior service benefit	(12		)	(12		)	(12		)	(1		)	(1		)	(1		)	(35		)	(35		)	(26		)
Net periodic benefit cost (benefit)	18			16			18			61			56			49			(21		)	(20		)	(9		)
Curtailments and settlements	—			—			(1		)	—			—			—			—			—			—
Total periodic benefit cost (benefit)	$	18		$	16		$	17		$	61		$	56		$	49		$	(21	)	$	(20	)	$	(9	)
Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss
Net actuarial (gain) loss	$	(122	)	$	69		$	31		$	(85	)	$	214		$	40		$	(57	)	$	22		$	12
Amortization of net actuarial loss	(13		)	(7		)	(4		)	(55		)	(42		)	(40		)	(18		)	(16		)	(14		)
Prior service cost (benefit)	—			—			—			—			—			6			—			—			(194		)
Amortization of prior service benefit	12			12			12			1			1			1			35			35			26
Foreign currency	—			—			—			2			(5		)	11			—			—			—
Total recognized in other comprehensive (income) loss	$	(123	)	$	74		$	39		$	(137	)	$	168		$	18		$	(40	)	$	41		$	(170	)
Total recognized in net periodic benefit cost (benefit) and other comprehensive (income) loss	$	(105	)	$	90		$	56		$	(76	)	$	224		$	67		$	(61	)	$	21		$	(179	)

Change in fair value of plan assets

Funded status.    As of October 31, 2013 and 2012, the funded status of the defined benefit and post-retirement benefit plans was:

	U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						U.S. Post-Retirement Benefit Plans
	2013			2012			2013			2011			2013			2012
	(in millions)
Change in fair value of plan assets:
Fair value — beginning of year	$	654		$	578		$	1,801		$	1,684		$	261		$	258
Actual return on plan assets	132			65			267			158			47			25
Employer contributions	30			30			89			54			1			—
Participants' contributions	—			—			1			—			—			—
Benefits paid	(34		)	(19		)	(49		)	(46		)	(21		)	(22		)
Currency impact	—			—			(64		)	(49		)	—			—
Fair value — end of year	$	782		$	654		$	2,045		$	1,801		$	288		$	261

Change in benefit obligation

	U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						U.S. Post-Retirement Benefit Plans
	2012			2011			2012			2011			2012			2011
	(in millions)
Change in benefit obligation:
Benefit obligation — beginning of year	$	771		$	637		$	2,117		$	1,830		$	343		$	319
Service cost	44			40			36			33			4			3
Interest cost	24			27			68			74			12			15
Participants' contributions	—			—			1			—			—			—
Plan amendment	—			—			—			—			—			—
Actuarial (gain) loss	(41		)	87			85			280			(31		)	28
Benefits paid	(35		)	(20		)	(49		)	(46		)	(21		)	(22		)
Curtailments	—			—			—			—			—			—
Currency impact	—			—			(59		)	(54		)	—			—
Benefit obligation — end of year	$	763		$	771		$	2,199		$	2,117		$	307		$	343
Overfunded (underfunded) status of PBO	$	19		$	(117	)	$	(154	)	$	(316	)	$	(19	)	$	(82	)

Amounts recognized in the consolidated balance sheet

	U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						U.S. Post-Retirement Benefit Plans
	2012			2011			2012			2011			2012			2011
	(in millions)
Amounts recognized in the consolidated balance sheet consist of:
Other assets	$	34		$	—		$	60		$	—		$	—		$	—
Employee compensation and benefits	(2		)	(2		)	—			—			—			—
Retirement and post-retirement benefits	(13		)	(115		)	(214		)	(316		)	(19		)	(82		)
Net asset (liability)	$	19		$	(117	)	$	(154	)	$	(316	)	$	(19	)	$	(82	)

Amounts recognized in accumulated other comprehensive income (loss)

	U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						U.S. Post-Retirement Benefit Plans
	2012			2011			2012			2011			2012			2011
Amounts Recognized in Accumulated Other Comprehensive Income (loss):
Actuarial (gains) losses	$	(8	)	$	127		$	525		$	683		$	119		$	194
Prior service costs (benefits)	(67		)	(79		)	(4		)	(8		)	(183		)	(218		)
Total	$	(75	)	$	48		$	521		$	675		$	(64	)	$	(24	)

Amounts in accumulated other comprehensive income expected to be recognized as components of net expense during the next fiscal year

The amounts in accumulated other comprehensive income expected to be recognized as components of net expense during 2014 are as follows:

	U.S. Defined Benefit Plans			Non-U.S. Defined Benefit Plans			U.S. Post-Retirement Benefit Plans
	(in millions)
Amortization of net prior service cost (benefit)	$	(12	)	$	(1	)	$	(35	)
Amortization of actuarial net loss (gain)	$	(1	)	$	45		$	14

Defined benefit plan assets by fair value hierarchy

The following tables present the fair value of U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2013 and 2012.

:

			Fair Value Measurement at October 31, 2013 Using
	October 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Cash and Cash Equivalents	$	8	$	1	$	7	$	—
Equity	616		191		425		—
Fixed Income	139		17		122		—
Other Investments	19		2		—		17
Total assets measured at fair value	$	782	$	211	$	554	$	17

			Fair Value Measurement at October 31, 2012 Using
	October 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Cash and Cash Equivalents	$	8	$	1	$	7	$	—
Equity	486		134		352		—
Fixed Income	137		15		122		—
Other Investments	23		2		—		21
Total assets measured at fair value	$	654	$	152	$	481	$	21

The following tables present the fair value of U.S. Post-Retirement Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2013 and 2012.

.

			Fair Value Measurement at October 31, 2013 Using
	October 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Cash and Cash Equivalents	$	5	$	2	$	3	$	—
Equity	220		68		152		—
Fixed Income	52		6		46		—
Other Investments	11		1		—		10
Total assets measured at fair value	$	288	$	77	$	201	$	10

			Fair Value Measurement at October 31, 2012 Using
	October 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Cash and Cash Equivalents	$	5	$	2	$	3	$	—
Equity	189		52		137		—
Fixed Income	54		6		48		—
Other Investments	13		1		—		12
Total assets measured at fair value	$	261	$	61	$	188	$	12

The following tables present the fair value of non-U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2013 and 2012:

			Fair Value Measurement at October 31, 2013 Using
	October 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Cash and Cash Equivalents	$	10	$	10	$	—	$	—
Equity	1,078		296		782		—
Fixed Income	919		24		895		—
Other Investments	38		—		38		—
Total assets measured at fair value	$	2,045	$	330	$	1,715	$	—

			Fair Value Measurement at October 31, 2012 Using
	October 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Cash and Cash Equivalents	$	3	$	3	$	—	$	—
Equity	861		226		635		—
Fixed Income	900		19		881		—
Other Investments	37		—		37		—
Total assets measured at fair value	$	1,801	$	248	$	1,553	$	—

Defined benefit plans assets measured at fair value using significant unobservable inputs (level 3)

For U.S. Defined Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2013 and 2012:

	Years Ended October 31.
	2013			2012
Balance, beginning of year	$	21		$	26
Realized gains	4			3
Unrealized gains/(losses)	(2		)	(2		)
Purchases, sales, issuances, and settlements	(6		)	(6		)
Transfers in (out)	—			—
Balance, end of year	$	17		$	21

For U.S. Post-Retirement Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2013 and 2012:

	Years Ended October 31,
	2013			2012
Balance, beginning of year	$	12		$	15
Realized gains	2			2
Unrealized gains/(losses)	(1		)	(1		)
Purchases, sales, issuances, and settlements	(3		)	(4		)
Transfers in (out)	—			—
Balance, end of year	$	10		$	12

Combined projected benefit obligation, accumulated benefit obligations and fair value of plan assets

The table below presents the combined projected benefit obligation ("PBO"), accumulated benefit obligation ("ABO") and fair value of plan assets, grouping plans using comparisons of the PBO and ABO relative to the plan assets as of October 31, 2013 or 2012.

	2013				2012
	Benefit Obligation				Benefit Obligation
			Fair Value of Plan Assets				Fair Value of Plan Assets
	PBO				PBO
	(in millions)
U.S. defined benefit plans where PBO exceeds the fair value of plan assets	$	15	$	—	$	771	$	654
U.S. defined benefit plans where fair value of plan assets exceeds PBO	748		782		—		—
Total	$	763	$	782	$	771	$	654
Non-U.S. defined benefit plans where PBO exceeds or is equal to the fair value of plan assets	$	1,697	$	1,482	$	2,117	$	1,801
Non-U.S. defined benefit plans where fair value of plan assets exceeds PBO	502		563		—		—
Total	$	2,199	$	2,045	$	2,117	$	1,801
	ABO				ABO
U.S. defined benefit plans where ABO exceeds the fair value of plan assets	$	14	$	—	$	749	$	654
U.S. defined benefit plans where the fair value of plan assets exceeds ABO	716		782		—		—
Total	$	730	$	782	$	749	$	654
Non-U.S. defined benefit plans where ABO exceeds or is equal to the fair value of plan assets	$	1,533	$	1,380	$	2,034	$	1,801
Non-U.S. defined benefit plans where fair value of plan assets exceeds ABO	590		665		—		—
Total	$	2,123	$	2,045	$	2,034	$	1,801

Schedule of expected benefit payments

The following table presents expected future benefit payments for the next 10 years.

	U.S. Defined Benefit Plans		Non-U.S. Defined Benefit Plans		U.S. Post-Retirement Benefit Plans
	(in millions)
2014	$	41	$	51	$	24
2015	$	44	$	56	$	24
2016	$	49	$	60	$	25
2017	$	56	$	62	$	24
2018	$	57	$	70	$	24
2019 - 2023	$	362	$	448	$	116

Assumptions used to calculate the net periodic cost and benefit obligation

Assumptions used to calculate the net periodic cost in each year were as follows:

	For years ended October 31,
	2013	2012	2011
U.S. defined benefit plans:
Discount rate	3.25%	4.50%	5.00%
Average increase in compensation levels	3.50%	3.50%	3.50%
Expected long-term return on assets	8.00%	8.00%	8.25%
Non-U.S. defined benefit plans:
Discount rate	1.50-4.50%	2.00-5.50%	2.00-5.25%
Average increase in compensation levels	2.50-3.00%	2.50-3.25%	2.50-3.75%
Expected long-term return on assets	4.00-6.50%	4.00-6.50%	4.00-6.75%
U.S. post-retirement benefits plans:
Discount rate	3.50%	4.75%	5.50%
Expected long-term return on assets	8.00%	8.00%	8.25%
Current medical cost trend rate	9.00%	9.00%	10.00%
Ultimate medical cost trend rate	3.50%	4.50%	4.75%
Medical cost trend rate decreases to ultimate rate in year	2027	2026	2025

Assumptions used to calculate the benefit obligation were as follows:

	As of the Years Ending October 31,
	2013	2012
U.S. defined benefit plans:
Discount rate	4.50%	3.25%
Average increase in compensation levels	3.50%	3.50%
Non-U.S. defined benefit plans:
Discount rate	1.75-4.25%	1.50-4.50%
Average increase in compensation levels	2.50-3.25%	2.50-3.00%
U.S. post-retirement benefits plans:
Discount rate	4.25%	3.50%
Current medical cost trend rate	9.00%	9.00%
Ultimate medical cost trend rate	3.50%	3.50%
Medical cost trend rate decreases to ultimate rate in year	2028	2027