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RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)
12 Months Ended
Oct. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Defined Contribution Plan Disclosures
Our defined contribution plan expenses included in income from operations were as follows:

Years Ended October 31,
202520242023
(in millions)
Contributions to the 401(k) Plan$45 $46 $47 
Contributions to plans outside the U.S54 51 51 
Total defined contribution plan expense$99 $97 $98 
Schedule of Net Benefit Costs
For the years ended October 31, 2025, 2024 and 2023, components of net periodic benefit cost and other amounts recognized in other comprehensive income were comprised of:
 PensionsU.S. Post-Retirement Benefit Plans
 U.S.
Defined Benefit Plans
Non-U.S.
Defined Benefit Plans
 202520242023202520242023202520242023
 (in millions)
Net periodic benefit cost (income)         
Service cost - benefits earned during the period$— $— $— $15 $15 $16 $$$— 
Interest cost on benefit obligation19 21 21 23 26 24 
Expected return on plan assets(24)(21)(19)(44)(37)(36)(5)(4)(4)
Amortization of net actuarial (gain) loss— — (25)(16)(2)(1)(1)(1)
Amortization of prior service benefit— — — — — — (1)(1)(1)
Total net periodic benefit cost (income)$(5)$$$(31)$(12)$$(3)$(1)$(2)
Settlement loss$$$$14 $— $— $— $— $— 
Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss         
Net actuarial (gain) loss$(15)$(31)$22 $(54)$(24)$(13)$(4)$(11)$
Amortization of net actuarial (gain) loss— (2)— 25 16 
Amortization of prior service benefit— — — — — — 
Loss due to settlement(1)(2)(4)(4)— — — — — 
Foreign currency— — — — — — 
Total recognized in other comprehensive (income) loss$(16)$(35)$18 $(31)$(6)$(9)$(2)$(9)$11 
Total recognized in net periodic benefit cost (benefit) and other comprehensive (income) loss$(20)$(31)$24 $(48)$(18)$(7)$(5)$(10)$
Schedule of Funded status of Defined Benefit and Post-Retirement Benefit plans
Funded Status.    As of October 31, 2025 and 2024, the funded status of the defined benefit and post-retirement benefit plans was:

 U.S. Defined
Benefit Plans
Non-U.S. Defined
Benefit Plans
U.S.
Post-Retirement
Benefit Plans
 202520242025202420252024
 (in millions)
Change in fair value of plan assets:      
Fair value — beginning of year$414 $359 $917 $791 $86 $76 
Actual return on plan assets48 88 72 119 16 
Employer contributions— — 22 20 — — 
Participants' contributions— — — — 
Benefits paid(12)(10)(32)(36)(6)(6)
Settlements(21)(23)(70)— — — 
Currency impact— — 33 21 — — 
Fair value — end of year$429 $414 $944 $917 $89 $86 
Change in benefit obligation:      
Benefit obligation — beginning of year$366 $343 $772 $682 $65 $65 
Service cost— — 15 15 
Interest cost19 21 23 26 
Participants' contributions— — — — 
Actuarial (gain) loss36 (24)60 — 
Benefits paid(12)(11)(32)(36)(6)(6)
Settlements(21)(23)(43)— — — 
Currency impact— — 35 23 — — 
Benefit obligation — end of year$361 $366 $748 $772 $63 $65 
Overfunded (underfunded) status of PBO$68 $48 $196 $145 $26 $21 
Amounts recognized in the consolidated balance sheet
Amounts recognized in the consolidated balance sheet consist of:      
Other assets$70 $51 $280 $236 $26 $21 
Retirement and post-retirement benefits(2)(3)(84)(91)— — 
Total net asset (liability)$68 $48 $196 $145 $26 $21 
Amounts recognized in accumulated other comprehensive income (loss)
Amounts Recognized in Accumulated Other Comprehensive Income (Loss):
Actuarial (gains) losses$15 $31 $$37 $(9)$(6)
Prior service costs (benefits)— — — — — (1)
Total$15 $31 $$37 $(9)$(7)
Schedule of Allocation of Plan Assets
The following tables present the fair value of U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2025 and 2024.
  Fair Value Measurement
at October 31, 2025 Using
 October 31,
2025
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Not Subject to Leveling (1)
 (in millions)
Cash and Cash Equivalents$$— $— $— $
Equity217 42 — — 175 
Fixed Income207 — — — 207 
Other Investments— — — 
Total assets measured at fair value$429 $42 $— $$386 
(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
  Fair Value Measurement
at October 31, 2024 Using
 October 31,
2024
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Not Subject to Leveling (1)
 (in millions)
Cash and Cash Equivalents$$— $— $— $
Equity211 54 — — 157 
Fixed Income200 — — — 200 
Other Investments— — — 
Total assets measured at fair value$414 $54 $— $$359 
(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
The following tables present the fair value of U.S. Post-Retirement Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2025 and 2024.
  Fair Value Measurement
at October 31, 2025 Using
 October 31,
2025
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Not Subject to Leveling (1)
 (in millions)
Cash and Cash Equivalents$$— $— $— $
Equity41 — — 35 
Fixed Income43 — — — 43 
Other Investments— — — 
Total assets measured at fair value$89 $$— $$82 
(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

  Fair Value Measurement
at October 31, 2024 Using
 October 31,
2024
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Not Subject to Leveling (1)
 (in millions)
Cash and Cash Equivalents$$— $— $— $
Equity42 11 — — 31 
Fixed Income42 — — — 42 
Other Investments— — — 
Total assets measured at fair value$86 $11 $— $$74 
(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
The following tables present the fair value of non-U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2025 and 2024:

  Fair Value Measurement
at October 31, 2025 Using
 October 31,
2025
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Not Subject to Leveling (1)
 (in millions)
Cash and Cash Equivalents$11 $$$— $— 
Equity475 377 — — 98 
Fixed Income314 61 185 — 68 
Annuity Contract144 — — 144 — 
Total assets measured at fair value$944 $443 $191 $144 $166 
(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

  Fair Value Measurement
at October 31, 2024 Using
 October 31,
2024
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Not Subject to Leveling (1)
 (in millions)
Cash and Cash Equivalents$26 $14 $12 $— $— 
Equity389 305 — — 84 
Fixed Income352 60 159 — 133 
Annuity Contract150 — — 150 — 
Total assets measured at fair value$917 $379 $171 $150 $217 
(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
Defined benefit plans assets measured at fair value using significant unobservable inputs (level 3)
For U.S. Defined Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2025 and 2024:
 Years Ended
October 31,
 20252024
Balance, beginning of year$$
Realized gains/(losses)— — 
Unrealized gains/(losses)— — 
Purchases, sales, issuances, and settlements— — 
Transfers in (out)— — 
Balance, end of year$$
For U.S. Post-Retirement Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2025 and 2024:
 Years Ended
October 31,
 20252024
Balance, beginning of year$$
Realized gains/(losses)— — 
Unrealized gains/(losses)— — 
Purchases, sales, issuances, and settlements— — 
Transfers in (out)— — 
Balance, end of year$$
For non-U.S. Defined Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2025 and 2024:
 Years Ended
October 31,
 20252024
Balance, beginning of year$150 $86 
Unrealized gains (losses)— 
Purchases, sales, issuances, and settlements(8)(7)
Transfers in (out)— 60 
Currency impact
Balance, end of year$144 $150 
Combined projected benefit obligation, accumulated benefit obligations and fair value of plan assets
The table below presents the combined projected benefit obligation ("PBO"), accumulated benefit obligation ("ABO") and fair value of plan assets, grouping plans using comparisons of the PBO and ABO relative to the plan assets as of October 31, 2025 or 2024.
 20252024
 Benefit
Obligation
 Benefit
Obligation
 
 Fair Value of
Plan Assets
Fair Value of
Plan Assets
 PBOPBO
 (in millions)
U.S. defined benefit plans where PBO exceeds the fair value of plan assets $$— $$— 
U.S. defined benefit plans where fair value of plan assets exceeds PBO 359 429 363 414 
Total$361 $429 $366 $414 
Non-U.S. defined benefit plans where PBO exceeds the fair value of plan assets $271 $186 $249 $157 
Non-U.S. defined benefit plans where fair value of plan assets exceeds PBO 477 758 523 760 
Total$748 $944 $772 $917 
 ABO ABO 
U.S. defined benefit plans where ABO exceeds the fair value of plan assets$$— $$— 
U.S. defined benefit plans where the fair value of plan assets exceeds ABO359 429 363 414 
Total$361 $429 $366 $414 
Non-U.S. defined benefit plans where ABO exceeds the fair value of plan assets $263 $186 $241 $157 
Non-U.S. defined benefit plans where fair value of plan assets exceeds ABO475 758 518 760 
Total$738 $944 $759 $917 
Schedule of expected benefit payments The following table presents expected future benefit payments for the next 10 years:
U.S. Defined
Benefit Plans
Non-U.S. Defined
Benefit Plans
U.S. Post-Retirement
Benefit Plans
 (in millions)
2026$30 $40 $
2027$30 $41 $
2028$30 $43 $
2029$28 $42 $
2030$27 $43 $
2031 - 2035$123 $220 $25 
Assumptions used to calculate the net periodic cost and benefit obligation
Assumptions used to calculate the net periodic cost (benefit) in each year were as follows:

 For years ended October 31,
 202520242023
U.S. defined benefit plans:   
Discount rate5.50%6.50%6.00%
Expected long-term return on assets6.00%6.00%5.00%
Non-U.S. defined benefit plans:   
Discount rate
0.95-5.31%
1.78-5.63%
1.50-4.77%
Average increase in compensation levels
2.00-3.25%
2.00-3.25%
2.00-3.25%
Expected long-term return on assets
3.00-5.50%
4.00-5.00%
3.25-5.50%
Interest crediting rate for cash balance plans
0.75-1.80%
0.50-1.80%
0.50-2.10%
U.S. post-retirement benefits plans:   
Discount rate5.50%6.60%6.00%
Expected long-term return on assets6.00%6.00%5.00%
Current medical cost trend rate6.00%6.50%7.00%
Ultimate medical cost trend rate4.75%4.75%4.75%
Medical cost trend rate decreases to ultimate rate in year202920292029

Assumptions used to calculate the benefit obligation were as follows:

 As of the Years Ending October 31,
 20252024
U.S. defined benefit plans:  
Discount rate5.50%5.50%
Non-U.S. defined benefit plans:  
Discount rate
0.95-5.39%
0.95-5.31%
Average increase in compensation levels
2.00-3.25%
2.00-3.25%
Interest crediting rate for cash balance plans
1.50-1.80%
0.75-1.80%
U.S. post-retirement benefits plans:  
Discount rate5.30%5.50%
Current medical cost trend rate7.00%6.00%
Ultimate medical cost trend rate4.75%4.75%
Medical cost trend rate decreases to ultimate rate in year20352029