PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

Apr. 30, 2023

PENSION AND OTHER POSTRETIREMENT BENEFITS

Schedule of Components of Net Periodic Pension and OPEB (Benefit) Cost

The Company has several defined benefit pension plans and other postretirement employee benefit (OPEB) plans, primarily health care and life insurance plans, covering its U.S. employees and employees in certain foreign countries. The components of net periodic pension and OPEB (benefit) cost consisted of the following in millions of dollars:

	Three Months Ended				Six Months Ended
	April 30		May 1		April 30		May 1
	2023		2022		2023		2022
Pension
Service cost	$	64	$	94	$	124	$	179
Interest cost		134		80		267		157
Expected return on plan assets		(220)		(180)		(432)		(362)
Amortization of actuarial (gain) loss		(6)		37		(11)		76
Amortization of prior service cost		10		9		20		16
Settlements		36		7		36		8
Net cost	$	18	$	47	$	4	$	74
OPEB
Service cost	$	6	$	11	$	13	$	23
Interest cost		45		23		88		49
Expected return on plan assets		(29)		(27)		(58)		(55)
Amortization of actuarial gain		(14)		(10)		(30)		(9)
Amortization of prior service credit				(1)		(1)		(2)
Net (benefit) cost	$	8	$	(4)	$	12	$	6