Financial Instruments (Tables)

6 Months Ended

Apr. 30, 2012

Financial Instruments

Cash Equivalents and Available-for-Sale Investments

	April 30, 2012									October 31, 2011
	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	$	2,788	$	—	$	—		$	2,788	$	5,112	$	—	$	—		$	5,112
Money market funds		1,985		—		—			1,985		236		—		—			236
Mutual funds		71		—		—			71		—		—		—			—
Total cash equivalents		4,844		—		—			4,844		5,348		—		—			5,348
Available-for-Sale Investments
Debt securities:
Time deposits		8		—		—			8		8		—		—			8
Foreign bonds		309		63		—			372		317		66		—			383
Mutual funds		309		—		—			309		—		—		—			—
Corporate bonds and other debt securities		70		—		(17	)		53		74		—		(21	)		53
Total debt securities		696		63		(17	)		742		399		66		(21	)		444
Equity securities in public companies		62		3		(19	)		46		114		4		—			118
Total cash equivalents and available-for-sale investments	$	5,602	$	66	$	(36	)	$	5,632	$	5,861	$	70	$	(21	)	$	5,910

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

	April 30, 2012
	Cost		Estimated Fair Value
	In millions
Due in less than one year	$	314	$	314
Due in one to five years		71		54
Due in more than five years		311		374
	$	696	$	742

Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets

	As of April 30, 2012										As of October 31, 2011
	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	$	8,350	$	34	$	338	$	—	$	—	$	10,075	$	30	$	508	$	—	$	—
Cash flow hedges:
Foreign exchange contracts		19,336		321		26		246		92		21,666		192		30		324		126
Net investment hedges:
Foreign exchange contracts		1,686		15		8		36		15		1,556		7		4		44		56
Total derivatives designated as hedging instruments		29,372		370		372		282		107		33,297		229		542		368		182
Derivatives not designated as hedging instruments
Foreign exchange contracts		12,919		57		11		73		15		13,994		66		5		244		38
Interest rate contracts(2)		2,200		—		39		—		44		2,200		—		55		—		71
Other derivatives		414		2		12		—		—		410		25		6		—		1
Total derivatives not designated as hedging instruments		15,533		59		62		73		59		16,604		91		66		244		110
Total derivatives	$	44,905	$	429	$	434	$	355	$	166	$	49,901	$	320	$	608	$	612	$	292

⁽¹⁾

Represents the face amounts of contracts that were outstanding as of April 30, 2012 and October 31, 2011, respectively.

⁽²⁾

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

Effect of Derivative Instruments on the Consolidated Condensed Statements of Earnings

	Gain (Loss) Recognized in Income on Derivative and Related Hedged Item
Derivative Instrument	Location	Three months ended April 30, 2012			Six months ended April 30, 2012			Hedged Item	Location	Three months ended April 30, 2012		Six months ended April 30, 2012
		In millions								In millions
Interest rate contracts	Interest and other, net	$	(80	)	$	(76	)	Fixed-rate debt	Interest and other, net	$	80	$	80

	Gain (Loss) Recognized in Income on Derivative and Related Hedged Item
Derivative Instrument	Location	Three months ended April 30, 2011			Six months ended April 30, 2011			Hedged Item	Location	Three months ended April 30, 2011		Six months ended April 30, 2011
		In millions								In millions
Interest rate contracts	Interest and other, net	$	(25	)	$	(203	)	Fixed-rate debt	Interest and other, net	$	27	$	201

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)
	Three months ended April 30, 2012			Six months ended April 30, 2012			Location	Three months ended April 30, 2012			Six months ended April 30, 2012			Location	Three months ended April 30, 2012		Six months ended April 30, 2012
	In millions							In millions							In millions
Cash flow hedges:
Foreign exchange contracts	$	(110	)	$	317		Net revenue	$	(2	)	$	86		Net revenue	$	—	$	—
Foreign exchange contracts		(53	)		(61	)	Cost of products		2			18		Cost of products		—		—
Foreign exchange contracts		(1	)		(4	)	Other operating expenses		(1	)		(2	)	Other operating expenses		—		—
Foreign exchange contracts		(17	)		(17	)	Interest and other, net		(15	)		(15	)	Interest and other, net		—		—
Foreign exchange contracts		(10	)		(19	)	Net revenue		5			—		Interest and other, net		—		—
Total cash flow hedges	$	(191	)	$	216			$	(11	)	$	87			$	—	$	—
Net investment hedges:
Foreign exchange contracts	$	13		$	38		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)
	Three months ended April 30, 2011			Six months ended April 30, 2011			Location	Three months ended April 30, 2011			Six months ended April 30, 2011			Location	Three months ended April 30, 2011		Six months ended April 30, 2011
	In millions							In millions							In millions
Cash flow hedges:
Foreign exchange contracts	$	(780	)	$	(680	)	Net revenue	$	(296	)	$	(320	)	Net revenue	$	—	$	—
Foreign exchange contracts		27			18		Cost of products		(4	)		22		Cost of products		—		—
Foreign exchange contracts		7			5		Other operating expenses		1			2		Other operating expenses		—		—
Foreign exchange contracts		(36	)		(20	)	Interest and other, net		(39	)		(32	)	Interest and other, net		—		—
Foreign exchange contracts		11			(2	)	Net revenue		2			6		Interest and other, net		1		3
Total cash flow hedges	$	(771	)	$	(679	)		$	(336	)	$	(322	)		$	1	$	3
Net investment hedges:
Foreign exchange contracts	$	(92	)	$	(97	)	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	Three months ended April 30, 2012			Six months ended April 30, 2012
		In millions
Foreign exchange contracts	Interest and other, net	$	(74	)	$	(156	)
Other derivatives	Interest and other, net		(6	)		(16	)
Interest rate contracts	Interest and other, net		1			11
Total		$	(79	)	$	(161	)

	Gain (Loss) Recognized in Income on Derivative
	Location	Three months ended April 30, 2011			Six months ended April 30, 2011
		In millions
Foreign exchange contracts	Interest and other, net	$	(621	)	$	(698	)
Other derivatives	Interest and other, net		12			10
Interest rate contracts	Interest and other, net		1			3
Total		$	(608	)	$	(685	)