Financial Instruments (Tables)

3 Months Ended

Jan. 31, 2017

Investments, All Other Investments [Abstract]

Schedule of cash equivalents and available-for-sale investments

Cash equivalents and available-for-sale investments were as follows:

	As of January 31, 2017									As of October 31, 2016
	Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
	In millions
Cash Equivalents:
Time deposits	$	3,651	$	—	$	—		$	3,651	$	4,074	$	—	$	—		$	4,074
Money market funds	3,069		—		—			3,069		6,549		—		—			6,549
Total cash equivalents	6,720		—		—			6,720		10,623		—		—			10,623
Available-for-Sale Investments:
Debt securities:
Time deposits	11		—		—			11		11		—		—			11
Foreign bonds	219		52		—			271		218		69		—			287
Other debt securities	47		—		(12		)	35		47		—		(12		)	35
Total debt securities	277		52		(12		)	317		276		69		(12		)	333
Equity securities:
Equity securities in public companies	22		—		—			22		21		—		(4		)	17
Total equity securities	22		—		—			22		21		—		(4		)	17
Total available-for-sale investments	299		52		(12		)	339		297		69		(16		)	350
Total cash equivalents and available-for-sale investments	$	7,019	$	52	$	(12	)	$	7,059	$	10,920	$	69	$	(16	)	$	10,973

Schedule of contractual maturities of investments in available-for-sale debt securities

Contractual maturities of investments in available-for-sale debt securities were as follows:

	January 31, 2017
	Amortized Cost		Fair Value
	In millions
Due in more than five years	$	277	$	317

Schedule of gross notional and fair value of derivative instruments in the Condensed Consolidated Balance Sheets

The gross notional and fair value of derivative instruments in the Condensed Consolidated Balance Sheets were as follows:

	As of January 31, 2017										As of October 31, 2016
			Fair Value										Fair Value
	Outstanding Gross Notional		Other Current Assets		Long-Term Financing Receivables and Other Assets		Other Accrued Liabilities		Long-Term Other Liabilities		Outstanding Gross Notional		Other Current Assets		Long-Term Financing Receivables and Other Assets		Other Accrued Liabilities		Long-Term Other Liabilities
	In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts	$	9,500	$	—	$	—	$	—	$	159	$	9,500	$	—	$	109	$	—	$	6
Cash flow hedges:
Foreign currency contracts	6,716		242		149		32		20		7,255		296		172		40		15
Net investment hedges:
Foreign currency contracts	1,929		43		21		17		38		1,891		53		28		23		28
Total derivatives designated as hedging instruments	18,145		285		170		49		217		18,646		349		309		63		49
Derivatives not designated as hedging instruments
Foreign currency contracts	11,801		90		5		123		8		16,496		100		11		103		11
Other derivatives	160		1		—		—		—		158		—		—		2		—
Total derivatives not designated as hedging instruments	11,961		91		5		123		8		16,654		100		11		105		11
Total derivatives	$	30,106	$	376	$	175	$	172	$	225	$	35,300	$	449	$	320	$	168	$	60

Schedule of information related to the potential effect of the company's use of the master netting agreements and collateral security agreements

As of January 31, 2017 and October 31, 2016, information related to the potential effect of the Company's use of the master netting agreements and collateral security agreements was as follows:

	As of January 31, 2017
	In the Condensed Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
							Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
Derivative assets	$	551	$	—	$	551	$	260	$	260	(1)	$	31
Derivative liabilities	$	397	$	—	$	397	$	260	$	48	(2)	$	89

	As of October 31, 2016
	In the Condensed Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
							Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
Derivative assets	$	769	$	—	$	769	$	214	$	465	(1)	$	90
Derivative liabilities	$	228	$	—	$	228	$	214	$	10	(2)	$	4

(1) Represents the cash collateral posted by counterparties as of the respective reporting date for the Company's asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

(2) Represents the collateral posted by the Company through re-use of counterparty cash collateral as of the respective reporting date for the Company's liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship

The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship for the three months ended January 31, 2017 and 2016 were as follows:

	Gains (Losses) Recognized in Earnings on Derivative and Related Hedged Item
Derivative Instrument	Location	Three months ended January 31, 2017			Hedged Item	Location	Three months ended January 31, 2017
		In millions					In millions
Interest rate contracts	Interest and other, net	$	(262	)	Fixed-rate debt	Interest and other, net	$	262

	Gains (Losses) Recognized in Earnings on Derivative and Related Hedged Item
Derivative Instrument	Location	Three months ended January 31, 2016		Hedged Item	Location	Three months ended January 31, 2016
		In millions				In millions
Interest rate contracts	Interest and other, net	$	133	Fixed-rate debt	Interest and other, net	$	(133	)

Schedule of pre-tax effect of derivative instruments in cash flow and net investment hedging relationships

The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships for the three months ended January 31, 2016 was as follows:

	Gains (Losses) Recognized in Other Comprehensive Income ("OCI") on Derivatives (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI Into Earnings (Effective Portion)
	Three months ended January 31, 2016			Location	Three months ended January 31, 2016
	In millions				In millions
Cash flow hedges:
Foreign currency contracts	$	91		Net revenue	$	61
Foreign currency contracts	(6		)	Cost of products	1
Foreign currency contracts	(1		)	Other operating expenses	—
Foreign currency contracts	58			Interest and other, net	59
Total cash flow hedges	$	142			$	121
Net investment hedges:
Foreign currency contracts	$	57		Interest and other, net	$	—

The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships for the three months ended January 31, 2017 were as follows:

	Gains (Losses) Recognized in Other Comprehensive Income ("OCI") on Derivatives (Effective Portion)			Gains (Losses) Reclassified from Accumulated OCI Into Earnings (Effective Portion)
	Three months ended January 31, 2017			Location	Three months ended January 31, 2017
	In millions				In millions
Cash flow hedges:
Foreign currency contracts	$	60		Net revenue	$	79
Foreign currency contracts	—			Cost of products	1
Foreign currency contracts	76			Interest and other, net	83
Total cash flow hedges	$	136			$	163
Net investment hedges:
Foreign currency contracts	$	(2	)	Interest and other, net	$	—

Schedule of pre-tax effect of derivative instruments not designated as hedging instruments on the Condensed Consolidated and Combined Statements of Earnings

The pre-tax effect of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Earnings for the three months ended January 31, 2017 and 2016 was as follows:

	Gains (Losses) Recognized in Earnings on Derivatives
	Location	Three months ended January 31, 2017
		In millions
Foreign currency contracts	Interest and other, net	$	(47	)
Other derivatives	Interest and other, net	3
Total		$	(44	)

	Gains (Losses) Recognized in Earnings on Derivatives
	Location	Three months ended January 31, 2016
		In millions
Foreign currency contracts	Interest and other, net	$	8
Other derivatives	Interest and other, net	(5		)
Total		$	3