Financial Instruments (Tables)

12 Months Ended

Oct. 31, 2011

Financial Instruments

Cash Equivalents and Available-for-Sale Investments

		October 31, 2011									October 31, 2010
		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Estimated Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Estimated Fair Value
		In millions
Cash Equivalents
	Time deposits	$	5,112	$	—	$	—		$	5,112	$	6,590	$	—	$	—		$	6,590
	Money market funds		236		—		—			236		971		—		—			971
Total cash equivalents			5,348		—		—			5,348		7,561		—		—			7,561
Available-for-Sale Investments
Debt securities:
	Time deposits		8		—		—			8		8		—		—			8
	Foreign bonds		317		66		—			383		315		58		—			373
	Corporate bonds and other debt securities		74		—		(21	)		53		89		—		(30	)		59
Total debt securities			399		66		(21	)		444		412		58		(30	)		440
Equity securities in public companies			114		4		—			118		5		4		—			9
Total cash equivalents and available-for-sale investments		$	5,861	$	70	$	(21	)	$	5,910	$	7,978	$	62	$	(30	)	$	8,010

Contractual maturities of short-term and long-term investments in available-for-sale securities

	October 31, 2011
	Cost		Estimated Fair Value
	In millions
Due in one to five years	$	80	$	59
Due in more than five years		319		385
	$	399	$	444

Carrying values and balance sheet classification of short-term and long-term investments

		October 31, 2011		October 31, 2010
		In millions
Available-for-sale debt securities		$	—	$	5
	Included in Other current assets		—		5
Available-for-sale debt securities			444		435
Available-for-sale equity securities			118		9
Equity securities in privately-held companies			48		154
Other investments			8		9
	Included in long-term financing receivables and other assets	$	618	$	607
Total investments		$	618	$	612

Fair Value of Derivative Instruments in the Consolidated Balance Sheets

		As of October 31, 2011										As of October 31, 2010
		Gross Notional(1)		Other Current Assets		Long-term Financing Receivables and Other Assets		Other Accrued Liabilities		Other Liabilities		Gross Notional(1)		Other Current Assets		Long-term Financing Receivables and Other Assets		Other Accrued Liabilities		Other Liabilities
		In millions
Derivatives designated as hedging instruments
Fair value hedges:
	Interest rate contracts	$	10,075	$	30	$	508	$	—	$	—	$	8,575	$	—	$	656	$	—	$	—
Cash flow hedges:
	Foreign exchange contracts		21,666		192		30		324		126		16,862		98		20		503		83
Net investment hedges:
	Foreign exchange contracts		1,556		7		4		44		56		1,466		8		2		58		62
Total derivatives designated as hedging instruments			33,297		229		542		368		182		26,903		106		678		561		145
Derivatives not designated as hedging instruments
Foreign exchange contracts			13,994		66		5		244		38		13,701		51		3		129		55
Interest rate contracts(2)			2,200		—		55		—		71		2,200		—		79		—		89
Other derivatives			410		25		6		—		1		397		5		6		—		—
Total derivatives not designated as hedging instruments			16,604		91		66		244		110		16,298		56		88		129		144
Total derivatives		$	49,901	$	320	$	608	$	612	$	292	$	43,201	$	162	$	766	$	690	$	289

⁽¹⁾

Represents the face amounts of contracts that were outstanding as of October 31, 2011 and October 31, 2010, respectively.

⁽²⁾

Represents offsetting swaps acquired through previous business combinations that were not designated as hedging instruments.

Effect of Derivative Instruments on the Consolidated Statements of Earnings

	Gain (Loss) Recognized in Income on Derivative and Related Hedged Item
Derivative Instrument	Location	2011			Hedged Item	Location	2011
		In millions					In millions
Interest rate contracts	Interest and other, net	$	(119	)	Fixed-rate debt	Interest and other, net	$	128

	Gain (Loss) Recognized in Income on Derivative and Related Hedged Item
Derivative Instrument	Location	2010		Hedged Item		Location		2010
		In millions						In millions
Interest rate contracts	Interest and other, net	$	316		Fixed-rate debt		Interest and other, net	$	(299	)

Gain (Loss) Recognized on Cash Flow and Net Investment Hedges

			Gain (Loss) Recognized in Other Comprehensive Income ("OCI") on Derivative (Effective Portion)			Gain (Loss) Reclassified from Accumulated OCI Into Income (Effective Portion)				Gain Recognized in Income on Derivative (Ineffective portion and Amount Excluded from Effectiveness Testing)
			2011			Location	2011			Location	2011
			In millions				In millions				In millions
Cash flow hedges:
	Foreign exchange contracts		$	(278	)	Net revenue	$	(616	)	Net revenue	$	—
	Foreign exchange contracts			41		Cost of products		38		Cost of products		—
	Foreign exchange contracts			2		Other operating expenses		4		Other operating expenses		—
	Foreign exchange contracts			(116	)	Interest and other, net		(91	)	Interest and other, net		—
	Foreign exchange contracts			(23	)	Net revenue		7		Interest and other, net		4
		Total cash flow hedges	$	(374	)		$	(658	)		$	4
Net investment hedges:
	Foreign exchange contracts		$	(52	)	Interest and other, net	$	—		Interest and other, net	$	—

			Gain (Loss) Recognized in OCI on Derivative (Effective Portion)			Gain (Loss) Reclassified from Accumulated OCI Into Income (Effective Portion)			Gain Recognized in Income on Derivative (Ineffective portion and Amount Excluded from Effectiveness Testing)
			2010			Location	2010		Location	2010
			In millions				In millions			In millions
Cash flow hedges:
	Foreign exchange contracts		$	273		Net revenue	$	325	Net revenue	$	—
	Foreign exchange contracts			50		Cost of products		80	Cost of products		—
	Foreign exchange contracts			1		Other operating expenses		—	Other operating expenses		—
	Foreign exchange contracts			20		Interest and other, net		—	Interest and other, net		—
	Foreign exchange contracts			25		Net revenue		26	Interest and other, net		9
		Total cash flow hedges	$	369			$	431		$	9
Net investment hedges:
	Foreign exchange contracts		$	(82	)	Interest and other, net	$	—	Interest and other, net	$	—

Gain (Loss) Recognized in Income on Derivatives Not Designated as Hedges

	Gain (Loss) Recognized in Income on Derivative
	Location	2011
		In millions
Foreign exchange contracts	Interest and other, net		$(117	)
Other derivatives	Interest and other, net		19
Interest rate contracts	Interest and other, net		(6	)
Total			$(104	)

	Gain (Loss) Recognized in Income on Derivative
	Location	2010
		In millions
Foreign exchange contracts	Interest and other, net		$(764	)
Other derivatives	Interest and other, net		8
Interest rate contracts	Interest and other, net		6
Total			$(750	)