DERIVATIVES (Tables)

6 Months Ended

Apr. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Aggregated notional amounts by currency and designation

The aggregated notional amounts by currency and designation as of April 30, 2021 were as follows:

	Derivatives  Designated as Cash Flow Hedges		Derivatives Designated as Net Investment Hedges		Derivatives Not Designated as  Hedging Instruments
	Forward Contracts USD		Forward Contracts USD		Forward Contracts USD
Currency	Buy/(Sell)		Buy/(Sell)		Buy/(Sell)
	(in millions)
Euro	$	(77)	$	(94)	$	31
British Pound	(56)		—		(12)
Canadian Dollar	(40)		—		(20)
Japanese Yen	(98)		—		(33)
Danish Krone	—		—		34
Korean Won	(63)		—		(21)
Singapore Dollar	15		—		18
Swiss Franc	—		—		(5)
Chinese Yuan Renminbi	(97)		—		(38)
Swedish Krona	—		—		(11)
Taiwan Dollar	—		—		(9)
Indian Rupee	—		—		(13)
Brazilian Real	—		—		(6)
Thai Baht	—		—		(7)
Other	4		—		(2)
Totals	$	(412)	$	(94)	$	(94)

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 condensed consolidated balance sheet as of April 30, 2021 and October 31, 2020 were as follows:

Fair Values of Derivative Instruments
Asset Derivatives					Liability Derivatives
	Fair Value					Fair Value
Balance Sheet Location	April 30, 2021		October 31, 2020		Balance Sheet Location	April 30, 2021		October 31, 2020
(in millions)
Derivatives designated as hedging instruments:
Cash flow hedges
Foreign exchange contracts
Other current assets	$	4	$	—	Other accrued liabilities	$	10	$	12
Net investment hedges
Foreign exchange contracts
Other current assets	$	—	$	—	Other accrued liabilities	$	2	$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts
Other current assets	$	6	$	2	Other accrued liabilities	$	7	$	5
Total derivatives	$	10	$	2		$	19	$	17

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

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

	Three Months Ended				Six Months Ended
	April 30,				April 30,
	2021		2020		2021		2020
	(in millions)
Derivatives designated as hedging instruments:
Cash Flow Hedges
Foreign exchange contracts:
Gain (loss) recognized in accumulated other comprehensive loss	$	—	$	2	$	(6)	$	3
Loss reclassified from accumulated other comprehensive loss into interest expense	$	—	$	(1)	$	—	$	(1)
Gain (loss) reclassified from accumulated other comprehensive loss into cost of sales	$	(6)	$	2	$	(14)	$	2
Gain on time value of forward contracts recorded in cost of sales	$	—	$	2	$	—	$	2
Net Investment Hedges
Foreign exchange contracts:
Gain (loss) recognized in accumulated other comprehensive loss	$	1	$	1	$	(3)	$	1
Derivatives not designated as hedging instruments:
Gain (loss) recognized in other income (expense)	$	3	$	(1)	$	(1)	$	(3)