STOCKHOLDERS' EQUITY (Notes)

9 Months Ended

Jul. 31, 2016

Stockholders' Equity Note [Abstract]

STOCKHOLDERS EQUITY

15. STOCKHOLDERS' EQUITY

Stock Repurchase Program

On November 22, 2013 we announced that our board of directors had authorized a share repurchase program effective in the first quarter of fiscal year 2014, upon the conclusion of the company's previous $1 billion repurchase program. The program was designed to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs to target maintaining a weighted average share count of approximately 335 million diluted shares. During the nine months ended July 31, 2016, we repurchased approximately 2.4 million shares for $98 million, which completed the purchases under this authorization. All such shares and related costs are held as treasury stock and accounted for using the cost method. For the nine months ended July 31, 2015, we repurchased 6 million shares for $267 million under this plan.

On May 28, 2015 we announced that our board of directors had approved a new share repurchase program (the "2015 repurchase program"). The 2015 repurchase program authorizes the purchase of up to $1.14 billion of our common stock through and including November 1, 2018. The 2015 repurchase program does not require the company to acquire a specific number of shares and may be suspended or discontinued at any time. During the three and nine months ended July 31, 2016, upon the completion of our previous repurchase program, we repurchased approximately 2.2 million shares for $94 million and 7.3 million shares for $290 million, respectively, under this authorization. All such shares and related costs are held as treasury stock and accounted for using the cost method. As of July 31, 2016, we had remaining authorization to repurchase up to $850 million of our common stock under this program.

Cash Dividends on Shares of Common Stock

During the three and nine months ended July 31, 2016, we paid cash dividends of $0.115 per common share or $37 million and $0.345 per common share or $112 million on the company's common stock. During the three and nine months ended July 31, 2015, we paid cash dividends of $0.100 per common share or $33 million and $0.300 per common share or $100 million 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 (in millions):

				Net defined benefit pension cost and post retirement plan costs
Three Months Ended July 31, 2016	Foreign currency translation			Prior service credits			Actuarial Losses			Unrealized gains (losses) on derivatives			Total
	(in millions)
As of April 30, 2016	$	(100	)	$	150		$	(344	)	$	(5	)	$	(299	)
Other comprehensive loss before reclassifications	(51		)	—			—			(9		)	(60		)
Amounts reclassified out of accumulated other comprehensive income (loss)	—			(3		)	10			2			9
Tax (expense) benefit	3			1			(2		)	3			5
Other comprehensive income (loss)	(48		)	(2		)	8			(4		)	(46		)
As of July 31, 2016	$	(148	)	$	148		$	(336	)	$	(9	)	$	(345	)
Nine Months Ended July 31, 2016
As of October 31, 2015	$	(189	)	$	161		$	(365	)	$	2		$	(391	)
Other comprehensive income (loss) before reclassifications	45			6			6			(18		)	39
Amounts reclassified out of accumulated other comprehensive income (loss)	—			(26		)	32			—			6
Tax (expense) benefit	(4		)	7			(9		)	7			1
Other comprehensive income (loss)	41			(13		)	29			(11		)	46
As of July 31, 2016	$	(148	)	$	148		$	(336	)	$	(9	)	$	(345	)

Reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended July 31, 2016 and 2015 were as follows (in millions):

Details about accumulated other	Amounts Reclassified												Affected line item in
comprehensive income (loss) components	from other comprehensive income (loss)												statement of operations
	Three Months Ended						Nine Months Ended
	July 31,						July 31,
	2016			2015			2016			2015
Unrealized gains and (losses) on derivatives	$	(2	)	$	3		$	—		$	14		Cost of products
	(2		)	3			—			14			Total before income tax
	1			(2		)	—			(5		)	(Provision) benefit for income tax
	(1		)	1			—			9			Total net of income tax
Net defined benefit pension cost and post retirement plan costs:
Actuarial net loss	(10		)	(9		)	(32		)	(26		)
Prior service benefit	3			4			26			12
	(7		)	(5		)	(6		)	(14		)	Total before income tax
	1			1			(1		)	2			(Provision) benefit for income tax
	(6		)	(4		)	(7		)	(12		)	Total net of income tax
Total reclassifications for the period	$	(7	)	$	(3	)	$	(7	)	$	(3	)

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

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