LEASES (Tables)

12 Months Ended

Oct. 31, 2025

Leases [Abstract]

Lease, Cost

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

	Year Ended October 31,
	2025		2024		2023
	(in millions)
Operating lease cost	$	55	$	58	$	68
Short-term lease cost	1		—		2
Variable lease cost (a)	12		15		16
Sublease income	(17)		(17)		(16)
Total lease cost	$	51	56		70

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

In the fourth quarter of fiscal year 2023, we initiated a new restructuring plan ("FY23 Plan") designed to reduce costs and expenses in response to the current macroeconomic conditions. In 2024 and 2023, the consolidation of excess facilities under the FY23 Plan resulted in $1 million and $8 million, respectively, of accelerated depreciation of our ROU assets.

During fiscal year 2025 and 2024, there were no ROU asset impairments. During fiscal year 2023, we recorded ROU asset impairments of $8 million primarily related to the exit of our Resolution Bioscience business.

Supplemental cash flow information related to leases was as follows:

	Year Ended October 31,
	2025		2024		2023
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	52	$	49	$	56
Non-cash right of use assets obtained in exchange for operating lease obligations	$	42	$	60	$	70

Supplemental balance sheet information related to leases was as follows:

		October 31,
	Financial Statement Line Item	2025			2024
		(in millions, except lease term and discount rate)
Assets:
Operating lease:
Right of use asset	Other assets	$	183		$	177
Liabilities:
Current
Operating lease liabilities	Other accrued liabilities	$	44		$	42
Long-term
Operating lease liabilities	Other long-term liabilities	$	145		$	142
Weighted average remaining lease term (in years)
Operating leases		7.8 years			8.2 years
Weighted average discount rate
Operating leases		4.0		%	3.7		%

Schedule of Future Minimum Rent Payments

Future minimum rents payable as of October 31, 2025 under non-cancelable leases with initial terms exceeding one year reconcile to lease liabilities included in the consolidated balance sheet as follows:

	Operating Leases
	(in millions)
2026	$	51
2027	41
2028	30
2029	20
2030	13
Thereafter	64
Total undiscounted future minimum lease payments	$	219
Less: amount of lease payments representing interest	(30)
Present value of future minimum lease payments	$	189
Less: current liabilities	(44)
Long-term lease liabilities	$	145