XML 28 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity
3 Months Ended
Jan. 31, 2019
Equity [Abstract]  
Stockholders' Equity
Stockholders' Equity
Taxes related to Other Comprehensive Income
 
Three months ended January 31,
 
2019
 
2018
 
In millions
Taxes on change in net unrealized losses on cash flow hedges:
 

 
 

Tax (provision) benefit on net unrealized gains (losses) arising during the period
$
(1
)
 
$
25

Tax provision (benefit) on net (gains) losses reclassified into earnings
16

 
(4
)
 
15

 
21

Taxes on change in unrealized components of defined benefit plans:
 

 
 

Tax benefit (provision) on (losses) gains arising during the period
10

 
(1
)
Tax provision on amortization of actuarial loss and prior service benefit
(3
)
 
(3
)
Tax provision on curtailments, settlements and other
(9
)
 
(7
)
 
(2
)
 
(11
)
Tax provision on change in cumulative translation adjustment
(3
)
 
(3
)
Tax benefit on other comprehensive income
$
10

 
$
7


Changes and reclassifications related to Other Comprehensive Loss, net of taxes
 
Three months ended January 31,
 
2019
 
2018
 
In millions
Other comprehensive loss, net of taxes:
 

 
 

Change in net unrealized (losses) gains on available-for-sale securities:
 

 
 

Net unrealized gains arising during the period
$
2

 
$
1

(Gains) losses reclassified into earnings
(3
)
 
8

 
(1
)
 
9

Change in net unrealized losses on cash flow hedges:
 

 
 

Net unrealized gains (losses) arising during the period
33

 
(156
)
Net (gains) losses reclassified into earnings(1)
(117
)
 
26

 
(84
)
 
(130
)
Change in unrealized components of defined benefit plans:
 

 
 

(Losses) gains arising during the period
(45
)
 
1

Amortization of actuarial loss and prior service benefit(2)
49

 
44

Curtailments, settlements and other
(4
)
 
(7
)
 

 
38

Change in cumulative translation adjustment
9

 
23

Other comprehensive loss, net of taxes
$
(76
)
 
$
(60
)
 
(1)
For more details on the reclassification of pre-tax net (gains) losses on cash flow hedges into the Condensed Consolidated Statements of Earnings, see Note 11, "Financial Instruments".
(2)
These components are included in the computation of net pension and post-retirement benefit cost in Note 5, "Retirement and Post-Retirement Benefit Plans".
The components of Accumulated other comprehensive loss, net of taxes as of January 31, 2019, and changes during the three months ended January 31, 2019 were as follows:
 
Net unrealized
gains (losses) on
available-for-sale
securities
 
Net unrealized
gains (losses)
on cash
flow hedges
 
Unrealized
components
of defined
benefit plans
 
Cumulative
translation
adjustment
 
Accumulated
other
comprehensive
loss
 
In millions
Balance at beginning of period
$
17

 
$
106

 
$
(2,922
)
 
$
(419
)
 
$
(3,218
)
Other comprehensive income (loss) before reclassifications
2

 
33

 
(45
)
 
9

 
(1
)
Reclassifications of (gains) losses into earnings
(3
)
 
(117
)
 
45

 

 
(75
)
Balance at end of period
$
16

 
$
22

 
$
(2,922
)
 
$
(410
)
 
$
(3,294
)

Share Repurchase Program
For the three months ended January 31, 2019, the Company repurchased and settled a total of 55 million shares under its share repurchase program through open market repurchases, which included 2.4 million shares that were unsettled open market repurchases as of October 31, 2018. Additionally, as of January 31, 2019, the Company had unsettled open market repurchases of 1.2 million shares. Shares repurchased during the three months ended January 31, 2019 were recorded as a $795 million reduction to stockholders' equity. As of January 31, 2019, the Company had a remaining authorization of $3.9 billion for future share repurchases.