v3.26.1
DERIVATIVES (Tables)
 9 Months Ended
Jul. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Aggregated notional amounts by currency and designation The aggregated notional amounts by currency and designation as of July 31, 2026 were as follows:
Derivatives in Cash Flow Hedging RelationshipsDerivatives Not Designated as Hedging Instruments
Forward
Contracts		Forward
Contracts
CurrencyBuy/(Sell)Buy/(Sell)
(in millions)
Euro$4 $62 
Pounds Sterling5 66 
Singapore Dollar32 4 
Malaysian Ringgit140 17 
Japanese Yen(158)(77)
Other currencies(28)40 
Total$(5)$112 
Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet
Derivative instruments are subject to master netting arrangements and are disclosed at their gross fair value in the condensed consolidated balance sheet. The gross fair values and balance sheet presentation of derivative instruments held as of July 31, 2026 and October 31, 2025 were as follows:
Fair Values of Derivative Instruments
Assets DerivativesLiabilities Derivatives
Fair ValueFair Value
Balance Sheet LocationJuly 31, 2026October 31, 2025Balance Sheet LocationJuly 31, 2026October 31, 2025
(in millions)
Derivatives designated as hedging instruments:
Fair value hedges
Interest rate swap contracts
Other assets$— $— Other long-term liabilities$20 $— 
Cash flow hedges
Foreign exchange contracts
Other current assets3 9 Other accrued liabilities5 2 
Net investment hedges
Cross-currency swap contracts
Other assets1 — Other long-term liabilities— — 
Derivatives not designated as hedging instruments:
Foreign exchange contracts
Other current assets3 5 Other accrued liabilities2 6 
Total derivatives$7 $14 $27 $8 
Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations
The effect of derivative instruments for contracts designated as hedging instruments and not designated as hedging instruments in the condensed consolidated statement of operations was as follows:
Three Months EndedNine Months Ended
July 31,July 31,
2026202520262025
(in millions)
Derivatives designated as hedging instruments:
Cash flow hedges
Gain (loss) recognized in accumulated other comprehensive income (loss)$(2)$5 $5 $2 
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings:
Cost of sales$2 $(3)$10 $1 
Selling, general and administrative$— $2 $3 $2 
Interest expense$3 $3 $8 $8 
Gain (loss) excluded from effectiveness testing recognized in earnings based on amortization approach:
Cost of sales$1 $1 $3 $3 
Selling, general and administrative$— $(1)$— $(1)
Net investment hedges
Gain (loss) recognized in accumulated other comprehensive income (loss)$10 $— $1 $— 
Gain (loss) excluded from effectiveness testing recognized in earnings:
Interest expense$1 $— $3 $— 
Derivatives not designated as hedging instruments:
Gain (loss) recognized in other income (expense), net$(4)$(12)$3 $43 
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