Property and Equipment, Net (Tables)

12 Months Ended

Oct. 31, 2020

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment Disclosure [Text Block]

. Property and Equipment, Net

The following table presents the components of Property and equipment, net in our Consolidated Balance Sheets:

	As of October 31,
(in millions)	2020		2019
Land	$	115	$	97
Buildings	561		572
Leasehold improvements	15		13
Machinery and equipment	1,848		2,031
Furniture, fixtures, and equipment	414		471
Equipment leased to others	561		562
Construction in progress	119		51
Total property and equipment, at cost	3,633		3,797
Less: Accumulated depreciation and amortization	2,335		2,488
Property and equipment, net	$	1,298	$	1,309

Certain of our property and equipment serve as collateral for borrowings. See Note 11, Debt, for description of borrowings.

Equipment leased to others and assets under financing arrangements and finance lease obligations are as follows:

	As of October 31,
(in millions)	2020		2019
Equipment leased to others	$	561	$	562
Less: Accumulated depreciation	144		126
Equipment leased to others, net	$	417	$	436
Buildings, machinery, and equipment under financing arrangements and finance lease obligations	$	6	$	20
Less: Accumulated depreciation and amortization	4		18
Assets under financing arrangements and finance lease obligations, net	$	2	$	2

For the years ended October 31, 2020, 2019, and 2018, depreciation expense, amortization expense related to assets under financing arrangements and finance lease obligations, and interest capitalized on construction projects are as follows:

	For the Years Ended October 31,
(in millions)	2020		2019		2018
Depreciation expense	$	135	$	129	$	133
Depreciation of equipment leased to others	63		61		71
Amortization expense	—		—		2
Interest capitalized	2		1		2

Certain depreciation expense on buildings used for administrative purposes is recorded in SG&A expenses.

Capital Expenditures

At October 31, 2020, 2019, and 2018, commitments for capital expenditures were $212 million, $37 million, and $36 million, respectively. At October 31, 2020, 2019, and 2018, liabilities related to capital expenditures that are included in accounts payable were $76 million, $46 million, and $50 million, respectively.

Asset Retirement Obligations

We have numerous asset retirement obligations in connection with certain owned and leased locations, leasehold improvements, and sale and leaseback arrangements. Certain of our production facilities contain asbestos that would have to be removed if such facilities were to be demolished or undergo a major renovation. The fair value of the conditional asset retirement obligations as of the balance sheet date has been determined to be immaterial. Asset retirement obligations relating to the cost of removing improvements to leased facilities or returning leased equipment at the end of the associated agreements are not material.

Schedule Of Property Plant And Equipment [Table Text Block]

The following table presents the components of Property and equipment, net in our Consolidated Balance Sheets:

	As of October 31,
(in millions)	2020		2019
Land	$	115	$	97
Buildings	561		572
Leasehold improvements	15		13
Machinery and equipment	1,848		2,031
Furniture, fixtures, and equipment	414		471
Equipment leased to others	561		562
Construction in progress	119		51
Total property and equipment, at cost	3,633		3,797
Less: Accumulated depreciation and amortization	2,335		2,488
Property and equipment, net	$	1,298	$	1,309

Schedule Of Equipment Leased To Others And Assets Under Financing Arrangements And Capital Lease Obligations [Table Text Block]

Equipment leased to others and assets under financing arrangements and finance lease obligations are as follows:

	As of October 31,
(in millions)	2020		2019
Equipment leased to others	$	561	$	562
Less: Accumulated depreciation	144		126
Equipment leased to others, net	$	417	$	436
Buildings, machinery, and equipment under financing arrangements and finance lease obligations	$	6	$	20
Less: Accumulated depreciation and amortization	4		18
Assets under financing arrangements and finance lease obligations, net	$	2	$	2

Schedule Of Depreciation Amortization Expenses And Interest Capitalized [Table Text Block]

For the years ended October 31, 2020, 2019, and 2018, depreciation expense, amortization expense related to assets under financing arrangements and finance lease obligations, and interest capitalized on construction projects are as follows:

	For the Years Ended October 31,
(in millions)	2020		2019		2018
Depreciation expense	$	135	$	129	$	133
Depreciation of equipment leased to others	63		61		71
Amortization expense	—		—		2
Interest capitalized	2		1		2

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]