Postretirement Benefits (Tables)

12 Months Ended

Oct. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

A summary of the changes in benefit obligations and plan assets is as follows:

	Pension Benefits						Health and Life Insurance Benefits
(in millions)	2014			2013			2014			2013
Change in benefit obligations
Benefit obligations at beginning of year	$	3,943		$	4,492		$	1,674		$	1,866
Amendments	—			3			—			—
Service cost	12			20			5			7
Interest on obligations	158			143			68			62
Actuarial loss (gain)	176			(334		)	319			(142		)
Curtailments	(2		)	(33		)	—			—
Contractual termination benefits	23			—			2			—
Currency translation	49			(15		)	—			—
Plan participants' contributions	—			—			40			28
Subsidy receipts	—			—			34			41
Benefits paid	(318		)	(333		)	(185		)	(188		)
Benefit obligations at end of year	$	4,041		$	3,943		$	1,957		$	1,674
Change in plan assets
Fair value of plan assets at beginning of year	$	2,519		$	2,411		$	447		$	437
Actual return on plan assets	206			284			26			66
Currency translation	42			(22		)	—			—
Employer contributions	164			165			2			3
Benefits paid	(304		)	(319		)	(60		)	(59		)
Fair value of plan assets at end of year	$	2,627		$	2,519		$	415		$	447
Funded status at year end	$	(1,414	)	$	(1,424	)	$	(1,542	)	$	(1,227	)

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

	Pension Benefits						Health and Life Insurance Benefits
(in millions)	2014			2013			2014			2013
Amounts recognized in our Consolidated Balance Sheets consist of:
Current liability	$	(15	)	$	(14	)	$	(79	)	$	(73	)
Noncurrent liability	(1,399		)	(1,410		)	(1,463		)	(1,154		)
Net liability recognized	$	(1,414	)	$	(1,424	)	$	(1,542	)	$	(1,227	)
Amounts recognized in our accumulated other comprehensive loss consist of:
Net actuarial loss	$	2,019		$	1,947		$	664		$	354
Net prior service cost (benefit)	1			1			(6		)	(10		)
Net amount recognized	$	2,020		$	1,948		$	658		$	344

The estimated amounts for the defined benefit pension plans and the other postretirement benefit plans that will be amortized from AOCL into net periodic benefit expense over the next fiscal year are as follows:

(in millions)	Pension Benefits		Health and Life Insurance Benefits
Amortization of prior service cost (benefit)	$	—	$	(4	)
Amortization of cumulative losses	98		39

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

Information for pension plans with accumulated benefit obligations in excess of plan assets were as follows:

(in millions)	2014		2013
Projected benefit obligations	$	4,041	$	3,943
Accumulated benefit obligations	4,021		3,933
Fair value of plan assets	2,627		2,519

Components Of Postretirement Benefits Income Expense Included in Statement Of Operations [Table Text Block]

The components of our postretirement benefits expense included in our Consolidated Statements of Operations for the years ended October 31 consist of the following:

(in millions)	2014		2013		2012
Pension expense	$	106	$	116	$	122
Health and life insurance expense	54		61		81
Total postretirement benefits expense	$	160	$	177	$	203

Schedule of Net Benefit Costs [Table Text Block]

Net postretirement benefits expense included in our Consolidated Statements of Operations, and other amounts recognized in our Consolidated Statements of Stockholders' Deficit, for the years ended October 31 is comprised of the following:

	Pension Benefits									Health and Life Insurance Benefits
(in millions)	2014			2013			2012			2014			2013			2012
Service cost for benefits earned during the period	$	12		$	20		17			$	5		$	7		$	7
Interest on obligation	158			143			169			68			62			83
Amortization of cumulative loss	94			128			112			16			29			38
Amortization of prior service cost (benefit)	—			1			1			(4		)	(4		)	(5		)
Curtailments	—			4			5			—			—			(3		)
Contractual termination benefits	23			—			2			2			—			(2		)
Retrospective payments to retirees	—			—			—			—			—			(2		)
Premiums on pension insurance	12			9			8			—			—			—
Expected return on assets	(193		)	(189		)	$	(192	)	(33		)	(33		)	(35		)
Net postretirement benefits expense	$	106		$	116		$	122		$	54		$	61		$	81
Other Changes in plan assets and benefit obligations recognized in other comprehensive loss (income)
Actuarial net loss (gain)	$	164		$	(422	)	$	469		$	326		$	(175	)	$	(58	)
Amortization of cumulative loss	(94		)	(128		)	(112		)	(16		)	(29		)	(38		)
Prior service cost (benefit)	—			(1		)	(1		)	—			—			—
Amortization of prior service benefit (cost)	—			(1		)	(1		)	4			4			5
Curtailments	—			(33		)	—			—			—			3
Currency translation	1			—			2			—			—			—
Total recognized in other comprehensive loss (income)	$	71		$	(585	)	$	357		$	314		$	(200	)	$	(88	)
Total net postretirement benefits expense and other comprehensive loss (income)	$	177		$	(469	)	$	479		$	368		$	(139	)	$	(7	)

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

The effect of changing the health care cost trend rate by one-percentage point for each future year is as follows:

(in millions)	One-Percentage Point Increase		One-Percentage Point Decrease
Effect on total of service and interest cost components	$	10	$	(9	)
Effect on postretirement benefit obligation	239		(207		)

Schedule of Allocation of Plan Assets [Table Text Block]

	2014								2013
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Asset Category
Cash and Cash Equivalents	$	16	$	—	$	—	$	16	$	32	$	—	$	—	$	32
Equity
U.S. Large Cap	28		—		—		28		28		—		—		28
U.S. Small-Mid Cap	60		—		—		60		69		—		—		69
International	60		—		—		60		65		—		—		65
Emerging Markets	19		—		—		19		22		—		—		22
Fixed Income
Corporate Bonds	—		55		—		55		—		52		—		52
Government Bonds	—		49		—		49		—		43		—		43
Asset Backed Securities	—		3		—		3		—		4		—		4
Collective Trusts and Other
Common Stock	—		69		—		69		—		71		—		71
Commodities	—		10		—		10		—		13		—		13
Hedge Funds	—		—		22		22		—		—		21		21
Private Equity	—		—		23		23		—		—		26		26
Total(A)	$	183	$	186	$	45	$	414	$	216	$	183	$	47	$	446

__________________

(A) For both October 31, 2014 and 2013, the totals exclude $1 million of receivables, which are included in the change in plan asset table.

The fair value of the pension and other postretirement benefit plan assets by category is summarized below:

Pension Assets

	2014										2013
(in millions)	Level 1		Level 2		Level 3			Total			Level 1		Level 2		Level 3			Total
Asset Category
Cash and Cash Equivalents	$	112	$	—	$	—		$	112		$	107	$	—	$	—		$	107
Equity
U.S. Large Cap	227		—		—			227			207		—		—			207
U.S. Small-Mid Cap	313		—		—			313			350		—		—			350
Canadian	44		—		—			44			93		—		—			93
International	244		—		—			244			254		—		—			254
Emerging Markets	108		—		—			108			105		—		—			105
Equity derivative	—		—		(106		)	(106		)	—		—		(72		)	(72		)
Fixed Income
Corporate Bonds	—		200		—			200			—		147		—			147
Government Bonds	—		630		—			630			—		494		—			494
Asset Backed Securities	—		8		—			8			—		8		—			8
Fixed income derivative	—		—		1			1			—		—		(13		)	(13		)
Collective Trusts and Other
Common and Preferred Stock	—		531		—			531			—		583		—			583
Commodities	—		58		—			58			—		68		—			68
Hedge Funds	—		—		106			106			—		—		101			101
Private Equity	—		—		94			94					—		103			103
Exchange Traded Funds	9		—		—			9			6		—		—			6
Mutual Funds	29		—		—			29			32		—		—			32
Real Estate	—		—		1			1			—		—		1			1
Total(A)	$	1,086	$	1,427	$	96		$	2,609		$	1,154	$	1,300	$	120		$	2,574

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(A) For October 31, 2014 and 2013, the totals exclude $9 million and $8 million of receivables, respectively, which are included in the change in plan assets table. In addition, the table above includes the fair value of Canadian pension assets translated at the exchange rates as of October 31, 2014 and 2013, respectively, while the change in plan asset table includes the fair value of Canadian pension assets translated at historical foreign currency rates.

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]

The table below presents the changes for those financial instruments classified within Level 3 of the valuation hierarchy for other postretirement benefit assets for the years ended October 31, 2014 and 2013:

(in millions)	Hedge Funds		Private Equity
Balance at November 1, 2012	$	19	$	23
Unrealized gains	2		5
Realized gains	—		—
Purchases, issuances, and settlements	—		(2		)
Balance at October 31, 2013	$	21	$	26
Unrealized gains	1		3
Realized gains	—		4
Purchases, issuances, and settlements	—		(10		)
Balance at October 31, 2014	$	22	$	23

The table below presents the changes for those financial instruments classified within Level 3 of the valuation hierarchy for pension assets for the years ended October 31, 2014 and 2013:

(in millions)	Hedge Funds		Private Equity			Real Estate		Fixed Income Derivative			Equity Derivatives
Balance at November 1, 2012	$	92	$	92		$	1	$	19		$	4
Unrealized gains (losses)	8		18			—		(32		)	(90		)
Realized gains	1		—			—		4			10
Purchases, issuances, and settlements	—		(7		)	—		(4		)	4
Balance at October 31, 2013	$	101	$	103		$	1	$	(13	)	$	(72	)
Unrealized gains (losses)	5		10			—		14			(43		)
Realized gains	—		15			—		—			—
Purchases, issuances, and settlements	—		(34		)	—		—			9
Balance at October 31, 2014	$	106	$	94		$	1	$	1		$	(106	)

Schedule of Expected Benefit Payments [Table Text Block]

The expected future benefit payments for the years ending October 31, 2015 through 2019 and the five years ending October 31, 2024 are estimated as follows:

(in millions)	Pension Benefit Payments		Other Postretirement Benefit Payments(A)
2015	$	312	$	143
2016	304		132
2017	296		137
2018	288		130
2019	280		127
2020 through 2024	1,278		600

Schedule of Assumptions Used [Table Text Block]

The weighted average rate assumptions used in determining benefit obligations for the years ended October 31, 2014 and 2013 were:

	Pension Benefits				Health and Life Insurance Benefits
	2014		2013		2014		2013
Discount rate used to determine present value of benefit obligation at end of year	3.7	%	4.1	%	3.7	%	4.1	%
Expected rate of increase in future compensation levels	3.5	%	3.5	%	—		—

The weighted average rate assumptions used in determining net postretirement benefits expense for 2014, 2013, and 2012 were:

	Pension Benefits						Health and Life  Insurance Benefits
	2014		2013		2012		2014		2013		2012
Discount rate(A)	4.1	%	3.2	%	4.1	%	4.1	%	3.4	%	4.2	%
Expected long-term rate of return on plan assets	7.8	%	8.0	%	8.3	%	7.8	%	8.0	%	8.3	%
Expected rate of increase in future compensation levels	3.5	%	3.5	%	3.5	%	—		—		—

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(A) In 2012 for pension benefits, the weighted average discount rate used to compute the expense for the period of November 1, 2011 through July 31, 2012 was 4.2%. Due to plan remeasurements at July 31, 2012 at a rate of 3.3%, the weighted average discount rate for the full fiscal year 2012 was 4.1%.