DERIVATIVES (Tables)

12 Months Ended

Oct. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Aggregated notional amounts by designation

The number of open foreign exchange forward contracts and aggregated notional amounts by designation as of October 31, 2023 were as follows:

	Number of Open Forward Contracts	Aggregate Notional Amount USD
		Buy/(Sell)
		($ in millions)
Derivatives designated as hedging instruments:
Cash Flow Hedges
Foreign exchange forward contracts	270	$	(383)
Net Investment Hedges
Foreign exchange forward contracts	3	$	(11)
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	194	$	(162)

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

The gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet as of October 31, 2023 and 2022 were as follows:

Fair Values of Derivative Instruments
Asset Derivatives					Liability Derivatives
	Fair Value					Fair Value
Balance Sheet Location	October 31, 2023		October 31, 2022		Balance Sheet Location	October 31, 2023		October 31, 2022
(in millions)
Derivatives designated as hedging instruments:
Cash flow hedges
Foreign exchange contracts
Other current assets	$	15	$	23	Other accrued liabilities	$	1	$	2
Net investment hedges
Foreign exchange contracts
Other current assets	$	1	$	—	Other accrued liabilities	$	—	$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts
Other current assets	$	3	$	8	Other accrued liabilities	$	1	$	3
Total derivatives	$	19	$	31		$	2	$	5

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 consolidated statement of operations were as follows:

	Years Ended October 31,
	2023		2022		2021
	(in millions)
Derivatives designated as hedging instruments:
Cash flow hedges
Foreign exchange contracts:
Loss reclassified from accumulated other comprehensive income (loss) into interest expense	$	(2)	$	(2)	$	(1)
Gain (loss) recognized in accumulated other comprehensive income (loss)	$	(4)	$	56	$	2
Gain (loss) reclassified from accumulated other comprehensive income (loss) into cost of sales	$	2	$	36	$	(16)
Gain on time value of forward contracts recorded in cost of sales	$	7	$	—	$	—
Net investment hedges
Foreign exchange contracts:
Gain (loss) recognized in accumulated other comprehensive income (loss) - translation adjustment	$	(1)	$	5	$	1
Gain on time value of forward contracts recorded in other income (expense)	—		—		1
Derivatives not designated as hedging instruments:
Gain recognized in other income (expense), net	$	3	$	10	$	—