DERIVATIVES (Tables)

9 Months Ended

Jul. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Aggregated notional amounts by currency and designation

The aggregated notional amounts by currency and designation as of July 31, 2016 were as follows:

	Derivatives Designated as Cash Flow Hedges			Derivatives Not Designated as Hedging Instruments
	Forward Contracts USD			Forward Contracts USD			Forward Contracts DKK
Currency	Buy/(Sell)			Buy/(Sell)			Buy/(Sell)
	(in millions)
Euro	$	(46	)	$	105		$	(64	)
British Pound	(34		)	—			(4		)
Canadian Dollar	(26		)	—			(2		)
Australian Dollar	4			12			(4		)
Malaysian Ringgit	—			(2		)	—
Japanese Yen	(75		)	21			(3		)
American Dollar	—			—			50
Other	(6		)	31			(15		)
Totals	$	(183	)	$	167		$	(42	)

Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet

Derivative instruments are subject to master netting arrangements and are disclosed gross in the balance sheet in accordance with the authoritative guidance. The gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet as of July 31, 2016 and October 31, 2015 were as follows:

Fair Values of Derivative Instruments
Asset Derivatives					Liability Derivatives
	Fair Value					Fair Value
Balance Sheet Location	July 31, 2016		October 31, 2015		Balance Sheet Location	July 31, 2016		October 31, 2015
(in millions)
Derivatives designated as hedging instruments:
Cash flow hedges
Foreign exchange forward contracts	$	3	$	2		$	7	$	1
Interest rate swap contracts	—		—			14		—
Other current assets	$	3	$	2	Other accrued liabilities	$	21	$	1
Derivatives not designated as hedging instruments:
Foreign exchange contracts
Other current assets	$	2	$	2	Other accrued liabilities	$	1	$	4
Total derivatives	$	5	$	4		$	22	$	5

Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations

The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and not designated as hedging instruments in our consolidated statement of operations were as follows:

	Three Months Ended						Nine Months Ended
	July 31,						July 31,
	2016			2015			2016			2015
	(in millions)
Derivatives designated as hedging instruments:
Cash Flow Hedges
Foreign exchange contracts:
Gain (loss) recognized in accumulated other comprehensive income (loss)	$	2		$	3		$	(4	)	$	11
Gain (loss) reclassified from accumulated other comprehensive income (loss) into cost of sales	$	(2	)	$	3		$	—		$	14
Interest rate swap contracts:
Loss recognized in accumulated other comprehensive income (loss)	$	(11	)	$	—		$	(14	)	$	—
Derivatives not designated as hedging instruments:
Gain (loss) recognized in other income (expense)	$	(2	)	$	(3	)	$	3		$	(20	)