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STOCKHOLDERS' EQUITY (Notes)
6 Months Ended
Apr. 30, 2026
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS EQUITY STOCKHOLDERS' EQUITY
 
Stock Repurchase Programs
 
On January 9, 2023, we announced that our board of directors had approved a share repurchase program (the "2023 repurchase program") designed, among other things, to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs. The 2023 repurchase program authorizes the purchase of up to $2.0 billion, excluding excise taxes, of our common stock at the company's discretion and has no fixed termination date. The 2023 repurchase program does not require the company to acquire a specific number of shares and may be suspended, amended or discontinued at any time. The 2023 repurchase program commenced on March 1, 2023. During the three and six months ended April 30, 2025, we repurchased and retired 1.347 million shares for $165 million, excluding applicable excise taxes and 1.997 million shares for $255 million, excluding applicable excise taxes, respectively, under this authorization. As of September 2025, the 2023 repurchase program was completed.

On May 29, 2024, we announced that our board of directors had approved a share repurchase program (the "2024 repurchase program") designed, among other things, to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs. The 2024 repurchase program authorizes the purchase of up to $2.0 billion, excluding excise taxes, of our common stock at the company's discretion and has no fixed termination date. The 2024 repurchase program does not require the company to acquire a specific number of shares and may be suspended, amended or discontinued at any time. The 2024 repurchase program became effective on August 1, 2024 and commenced in September 2025 upon the completion of our 2023 repurchase program. During the three and six months ended April 30, 2026 we repurchased and retired 550,000 shares for $65 million, excluding excise taxes and 1.600 million shares for $217 million excluding excise taxes, respectively, under this authorization. As of April 30, 2026, we had remaining authorization to repurchase up to approximately $1,732 million of our common stock under the 2024 repurchase program.

Excise Taxes. We record the applicable excise taxes payable related to repurchases of our common stock as an incremental cost of the shares repurchased and a corresponding liability for the excise tax payable in other accrued liabilities on our condensed consolidated balance sheet. During the six months ended April 30, 2026, we recorded the applicable excise taxes payable of approximately $1 million and paid excise taxes of approximately $3 million related to the shares repurchased in fiscal year 2025. During the six months ended April 30, 2025, we recorded the applicable excise taxes payable of approximately $2 million and paid excise taxes of approximately $10 million related to the shares repurchased in fiscal year 2024.
 
Cash Dividends on Shares of Common Stock
 
During the three and six months ended April 30, 2026, we paid cash dividends of $0.255 per common share or $72 million and $0.510 per common share or $144 million, respectively, on the company's common stock. During the three and six months ended April 30, 2025, we paid cash dividends of $0.248 per common share or $70 million and $0.496 per common share or $141 million, respectively, on the company's common stock.

On May 20, 2026, our board of directors declared a quarterly dividend of $0.255 per share of common stock or approximately $72 million which will be paid on July 22, 2026, to shareholders of record as of the close of business on June 30, 2026. The timing and amounts of any future dividends are subject to determination and approval by our board of directors.
Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component and related tax effects were as follows:
Net defined benefit pension cost and post retirement plan costs
Three Months Ended April 30, 2026Foreign currency translationPrior service creditsActuarial LossesUnrealized gains (losses) on derivativesTotal
(in millions)
As of January 31, 2026$(246)$120 $(67)$$(184)
Other comprehensive income (loss) before reclassifications(18)— — (12)
Amounts reclassified out of accumulated other comprehensive income (loss)— — (8)— (8)
Tax (expense) benefit— — (1)
Other comprehensive income (loss)(18)— (5)(18)
As of April 30, 2026$(264)$120 $(72)$14 $(202)
Six Months Ended April 30, 2026
As of October 31, 2025$(297)$120 $(64)$15 $(226)
Other comprehensive income (loss) before reclassifications33 — (4)33 
Amounts reclassified out of accumulated other comprehensive income (loss)— — (15)(13)
Tax (expense) benefit— — 
Other comprehensive income (loss)33 — (8)(1)24 
As of April 30, 2026$(264)$120 $(72)$14 $(202)
Reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended April 30, 2026 and 2025 were as follows (in millions):
Details about accumulated other
comprehensive income (loss) components
Amounts Reclassified from
other comprehensive income (loss)
Affected line item in
statement of operations
Three Months EndedSix Months Ended
April 30,April 30,
2026202520262025
Unrealized gain (loss) on derivatives— (1)Cost of products
Unrealized gain (loss) on derivatives— (1)(1)(1)Interest expense
— (2)Total before income tax
— (1)(2)(Provision) benefit for income tax
— (1)Total net of income tax
Net defined benefit pension cost and post retirement plan costs:
Actuarial net gain (loss)15 Other income (expense), net
15 Total before income tax
(3)(2)(4)(2)(Provision) benefit for income tax
11 Total net of income tax
Total reclassifications for the period$$$10 $

Amounts in parentheses indicate reductions to income and increases to other comprehensive income (loss).

Reclassifications out of accumulated other comprehensive income (loss) of actuarial net gain (loss) in respect of retirement plans and post retirement pension plans are included in the computation of net periodic benefit cost (income) (see Note 11, "Retirement Plans and Post Retirement Pension Plans" for additional information).