STOCKHOLDERS' EQUITY

6 Months Ended

Apr. 30, 2025

Statement of Comprehensive Income [Abstract]

STOCKHOLDERS EQUITY

14.    STOCKHOLDERS' EQUITY

Stock Repurchase Program

On March 6, 2023, our board of directors approved a stock repurchase program authorizing the purchase of up to $1,500 million of the company’s common stock, of which $260 million remained as of April 30, 2025.

Under our stock repurchase program, shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means. All such shares and related costs are held as treasury stock and accounted for at the trade date using the cost method. The stock repurchase program may be commenced, suspended or discontinued at any time at the company’s discretion and does not have an expiration date.

For the six months ended April 30, 2025, we repurchased 1,490,118 shares of common stock for $225 million. Additionally, we accrued $1 million related to excise tax levied on share repurchases, net of issuances. For the six months ended April 30, 2024, we repurchased 926,861 shares of common stock for $139 million.

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component and related tax effects for the three and six months ended April 30, 2025 and 2024 were as follows:

	Foreign currency translation		Net defined benefit pension cost and post-retirement plan costs		Gains (losses) on derivatives		Total
	(in millions)
As of January 31, 2025	$	(209)	$	(317)	$	83	$	(443)
Other comprehensive income (loss) before reclassifications	152		—		(2)		150
Amounts reclassified out of accumulated other comprehensive gain (loss)	—		2		(4)		(2)
Tax benefit (expense)	—		—		2		2
Other comprehensive income (loss)	152		2		(4)		150
As of April 30, 2025	$	(57)	$	(315)	$	79	$	(293)
As of October 31, 2024	$	(136)	$	(317)	$	89	$	(364)
Other comprehensive income (loss) before reclassifications	79		—		(3)		76
Amounts reclassified out of accumulated other comprehensive gain (loss)	—		2		(9)		(7)
Tax benefit (expense)	—		—		2		2
Other comprehensive income (loss)	79		2		(10)		71
As of April 30, 2025	$	(57)	$	(315)	$	79	$	(293)
As of January 31, 2024	$	(140)	$	(387)	$	85	$	(442)
Other comprehensive income (loss) before reclassifications	(32)		—		4		(28)
Amounts reclassified out of accumulated other comprehensive gain (loss)	—		5		(3)		2
Tax benefit (expense)	—		(1)		—		(1)
Other comprehensive income (loss)	(32)		4		1		(27)
As of April 30, 2024	$	(172)	$	(383)	$	86	$	(469)
As of October 31, 2023	$	(167)	$	(388)	$	89	$	(466)
Other comprehensive income (loss) before reclassifications	(5)		—		1		(4)
Amounts reclassified out of accumulated other comprehensive gain (loss)	—		7		(5)		2
Tax benefit (expense)	—		(2)		1		(1)
Other comprehensive income (loss)	(5)		5		(3)		(3)
As of April 30, 2024	$	(172)	$	(383)	$	86	$	(469)

Reclassifications out of accumulated other comprehensive loss into earnings for the three and six months ended April 30, 2025 and 2024 were as follows:

Details about accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss								Affected line item in statement of operations
	Three Months Ended				Six Months Ended
	April 30,				April 30,
	2025		2024		2025		2024
	(in millions)
Gain (loss) on derivatives	$	2	$	3	$	4	$	6	Cost of products
	—		—		—		(1)		Selling, general and administrative
	2		—		5		—		Interest expense
	(1)		(1)		(1)		(1)		Benefit (provision) for income tax
	3		2		8		4		Net of income tax
Net defined benefit pension cost and post-retirement plan costs:
Net actuarial loss	(2)		(5)		(2)		(7)		Other income (expense), net
	—		1		—		2		Benefit (provision) for income tax
	(2)		(4)		(2)		(5)		Net of income tax
Total reclassifications for the period	$	1	$	(2)	$	6	$	(1)	Net of income tax