STOCKHOLDERS' EQUITY (Notes)

3 Months Ended

Jan. 31, 2018

Stockholders' Equity Note [Abstract]

STOCKHOLDERS EQUITY

14. STOCKHOLDERS' EQUITY

Stock Repurchase Program

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 at the company's discretion 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 months ended January 31, 2018, we repurchased 674,000 shares for $47 million under this authorization. As of January 31, 2018, we retired approximately 637,000 shares and the remaining 37,000 shares as of January 31, 2018 were retired in February 2018. During the three months ended January 31, 2017, we repurchased and retired approximately 2.5 million shares for $111 million, under this authorization. As of January 31, 2018, we had remaining authorization to repurchase up to $563 million of our common stock under this program.

Cash Dividends on Shares of Common Stock

During the three months ended January 31, 2018, we paid cash dividends of $0.149 per common share or $48 million on the company's common stock. During the three months ended January 31, 2017, we paid cash dividends of $0.132 per common share or $42 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 January 31, 2018	Foreign currency translation			Prior service credits			Actuarial Losses			Unrealized gains (losses) on derivatives			Total
	(in millions)
As of October 31, 2017	$	(156	)	$	140		$	(328	)	$	(2	)	$	(346	)
Other comprehensive income (loss) before reclassifications	79			—			(1		)	(10		)	68
Amounts reclassified out of accumulated other comprehensive income (loss)	—			(2		)	9			—			7
Tax (expense) benefit	—			1			(2		)	3			2
Other comprehensive income (loss)	79			(1		)	6			(7		)	77
As of January 31, 2018	$	(77	)	$	139		$	(322	)	$	(9	)	$	(269	)

Reclassifications out of accumulated other comprehensive income (loss) for the three months ended January 31, 2018 and 2017 were as follows (in millions):

Details about accumulated other comprehensive income (loss) components	Amounts Reclassified from other comprehensive income (loss)						Affected line item in statement of operations
	Three Months Ended
	January 31,
	2018			2017
Unrealized gain (loss) on derivatives	$	—		$	1		Cost of products
	—			1			Total before income tax
	—			(1		)	(Provision) benefit for income tax
	—			—			Total net of income tax
Net defined benefit pension cost and post retirement plan costs:
Actuarial net loss	(9		)	(22		)
Prior service benefit	2			2
	(7		)	(20		)	Total before income tax
	1			6			(Provision) benefit for income tax
	(6		)	(14		)	Total net of income tax
Total reclassifications for the period	$	(6	)	$	(14	)

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 10 "Retirement Plans and Post Retirement Pension Plans").