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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
9 Months Ended
Jul. 31, 2022
PENSION AND OTHER POSTRETIREMENT BENEFITS  
Schedule of Components of Net Periodic Pension and OPEB Cost

The components of net periodic pension cost consisted of the following in millions of dollars:

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

 

​

​

July 31

​

August 1

​

July 31

​

August 1

 

​

​

2022

​

2021

​

2022

​

2021

 

Service cost

    

$

86

    

$

83

    

$

265

    

$

251

​

Interest cost

​

​

85

​

 

69

​

​

242

​

 

207

​

Expected return on plan assets

​

​

(182)

​

 

(199)

​

​

(544)

​

 

(599)

​

Amortization of actuarial loss

​

​

31

​

 

64

​

​

107

​

 

192

​

Amortization of prior service cost

​

​

9

​

 

2

​

​

25

​

 

8

​

Settlements/curtailment

​

​

36

​

 

4

​

​

44

​

 

22

​

Net cost

​

$

65

​

$

23

​

$

139

​

$

81

​

​

The components of net periodic OPEB cost consisted of the following in millions of dollars:

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

 

​

​

July 31

​

August 1

​

July 31

​

August 1

 

​

​

2022

​

2021

​

2022

​

2021

 

Service cost

    

$

11

    

$

12

    

$

34

    

$

36

​

Interest cost

​

​

25

​

 

25

​

​

74

​

 

76

​

Expected return on plan assets

​

​

(28)

​

 

(19)

​

​

(83)

​

 

(58)

​

Amortization of actuarial (gain) loss

​

​

(4)

​

 

7

​

​

(13)

​

 

21

​

Amortization of prior service credit

​

​

(1)

​

 

(1)

​

​

(3)

​

 

(3)

​

Net cost

​

$

3

​

$

24

​

$

9

​

$

72

​