LEASES (Tables)

9 Months Ended

Jul. 31, 2020

Leases [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Prior to the adoption of the new lease accounting standard, future minimum lease payments as of October 31, 2019 and previously disclosed in the company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2019 under non- cancelable leases with initial terms exceeding twelve months were as follows:

	Operating Leases
	(in millions)
2020	$	52
2021	41
2022	29
2023	21
2024	14
Thereafter	56
Total future minimum lease payments	$	213

Lease Cost

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended
	July 31, 2020
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	44
Non-cash right of use assets obtained in exchange for operating lease obligations	$	31

The components of lease cost for operating leases were as follows:

	Three Months Ended			Nine Months Ended
	July 31, 2020			July 31, 2020
	(in millions)
Operating lease cost	$	14		$	45
Short-term lease cost	—			1
Variable lease cost (a)	4			11
Sublease income	(4		)	(11		)
Total lease cost	$	14		$	46

(a) Variable lease cost includes cancelable leases, non-fixed maintenance costs and non-recoverable transaction taxes.

Lessee, Lease Assets and Liabilities

Supplemental balance sheet information related to leases was as follows:

	Financial Statement Line Item	July 31, 2020
		(in millions, except lease term and discount rate)
Assets:
Operating lease:
Right of use asset	Other assets	$	183
Liabilities:
Current
Operating lease liabilities	Other accrued liabilities	$	52
Long-Term
Operating lease liabilities	Other long-term liabilities	$	133
Weighted average remaining lease term in years
Operating leases		7.9 years
Weighted average discount rate
Operating leases		2.0		%

Lessee, Operating Lease, Liability, Maturity

Future minimum rents payable as of July 31, 2020 under non-cancelable leases with initial terms exceeding one year reconcile to lease liabilities included in the condensed consolidated balance sheet as follows:

	Operating Leases
	(in millions)
Remainder of 2020	$	15
2021	52
2022	39
2023	26
2024	15
2025	9
Thereafter	48
Total undiscounted future minimum lease payments	$	204
Less: amount of lease payments representing interest	(19		)
Present value of future minimum lease payments	$	185
Less: current liabilities	(52		)
Long-term lease liabilities	$	133