v3.26.1
Financial Instruments (Tables)
 9 Months Ended
Jul. 31, 2026
Investments, All Other Investments [Abstract]  
Schedule of Cash Equivalents and Available-for-Sale Investments
Cash equivalents and available-for-sale debt investments were as follows:
As of July 31, 2026As of October 31, 2025
CostGross Unrealized Gains (Losses)Fair
Value		CostGross Unrealized GainsFair
Value
In millions
Cash Equivalents
Time deposits$928 $— $928 $997 $— $997 
Money market funds3,545 — 3,545 2,741 — 2,741 
Total cash equivalents4,473 — 4,473 3,738 — 3,738 
Available-for-sale Investments
Debt Securities:
Foreign bonds107 2 109 107 4 111 
Other debt securities42 3 45 44 2 46 
Total debt securities149 5 154 151 6 157 
Equity Securities:
Equity securities in public companies8 (3)5 6 — 6 
Mutual funds58 — 58 59 — 59 
Total equity securities66 (3)63 65 — 65 
Total available-for-sale investments215 2 217 216 6 222 
Total cash equivalents and available-for-sale investments$4,688 $2 $4,690 $3,954 $6 $3,960 
Schedule of Contractual Maturities of Investments in Available-for-Sale Debt Securities
Contractual maturities of investments in available-for-sale debt securities were as follows:
As of July 31, 2026
Amortized CostFair Value
In millions
Due in one year$36 $36 
Due in more than five years113 118 
Total$149 $154 
Schedule of Gross Notional and Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets
The gross notional and fair value of derivative instruments in the Condensed Consolidated Balance Sheets were as follows:
As of July 31, 2026As of October 31, 2025
Fair ValueFair Value
Outstanding
Gross
Notional		Other
Current
Assets		Long-Term
Financing
Receivables
and Other
Assets		Other
Accrued
Liabilities		Long-Term
Other
Liabilities		Outstanding
Gross
Notional		Other
Current
Assets		Long-Term
Financing
Receivables
and Other
Assets		Other
Accrued
Liabilities		Long-Term
Other
Liabilities
In millions
Derivatives Designated as Hedging Instruments
Fair Value Hedges:
Interest rate contracts$1,200 $— $— $— $77 $600 $— $— $— $51 
Cash Flow Hedges:
Foreign currency contracts7,561 80 33 77 51 7,062 81 29 95 67 
Net Investment Hedges:
Foreign currency contracts2,125 22 27 38 43 2,126 20 24 30 20 
Total derivatives designated as hedging instruments10,886 102 60 115 171 9,788 101 53 125 138 
Derivatives Not Designated as Hedging Instruments
Foreign currency contracts7,192 17 1 48 8 7,167 37 2 22 4 
Other derivatives154 1 — 2 — 153 2 — — — 
Total derivatives not designated as hedging instruments7,346 18 1 50 8 7,320 39 2 22 4 
Total derivatives$18,232 $120 $61 $165 $179 $17,108 $140 $55 $147 $142 
Schedule of Offsetting Assets The information related to the potential effect of the Company's use of the master netting agreements and collateral security agreements were as follows:
As of July 31, 2026
In the Condensed Consolidated Balance Sheets
(i)(ii)(iii) = (i)–(ii)(iv)(v)(vi) = (iii)–(iv)–(v)
Gross Amounts Not Offset
Gross
Amount
Recognized		Gross
Amount
Offset		Net Amount
Presented		DerivativesFinancial
Collateral		Net Amount
In millions
Derivative assets$181 $— $181 $142 $34 
(1)
$5 
Derivative liabilities$344 $— $344 $142 $102 
(2)
$100 
As of October 31, 2025
In the Condensed Consolidated Balance Sheets
(i)(ii)(iii) = (i)–(ii)(iv)(v)(vi) = (iii)–(iv)–(v)
Gross Amounts Not Offset
Gross
Amount
Recognized		Gross
Amount
Offset		Net Amount
Presented		DerivativesFinancial
Collateral		Net Amount
In millions
Derivative assets$195 $— $195 $121 $16 
(1)
$58 
Derivative liabilities$289 $— $289 $121 $136 
(2)
$32 
(1)Represents the cash collateral posted by counterparties as of the respective reporting date for the Company's asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
(2)Represents the collateral posted by the Company in cash or through the re-use of counterparty cash collateral as of the respective reporting date for the Company's liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date. As of July 31, 2026, of the $102 million of collateral posted, $68 million was in cash and $34 million was through the re-use of counterparty collateral. As of October 31, 2025, of the $136 million of collateral posted, $120 million was in cash and $16 million was through the re-use of counterparty collateral.
Schedule of Offsetting Liabilities The information related to the potential effect of the Company's use of the master netting agreements and collateral security agreements were as follows:
As of July 31, 2026
In the Condensed Consolidated Balance Sheets
(i)(ii)(iii) = (i)–(ii)(iv)(v)(vi) = (iii)–(iv)–(v)
Gross Amounts Not Offset
Gross
Amount
Recognized		Gross
Amount
Offset		Net Amount
Presented		DerivativesFinancial
Collateral		Net Amount
In millions
Derivative assets$181 $— $181 $142 $34 
(1)
$5 
Derivative liabilities$344 $— $344 $142 $102 
(2)
$100 
As of October 31, 2025
In the Condensed Consolidated Balance Sheets
(i)(ii)(iii) = (i)–(ii)(iv)(v)(vi) = (iii)–(iv)–(v)
Gross Amounts Not Offset
Gross
Amount
Recognized		Gross
Amount
Offset		Net Amount
Presented		DerivativesFinancial
Collateral		Net Amount
In millions
Derivative assets$195 $— $195 $121 $16 
(1)
$58 
Derivative liabilities$289 $— $289 $121 $136 
(2)
$32 
(1)Represents the cash collateral posted by counterparties as of the respective reporting date for the Company's asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
(2)Represents the collateral posted by the Company in cash or through the re-use of counterparty cash collateral as of the respective reporting date for the Company's liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date. As of July 31, 2026, of the $102 million of collateral posted, $68 million was in cash and $34 million was through the re-use of counterparty collateral. As of October 31, 2025, of the $136 million of collateral posted, $120 million was in cash and $16 million was through the re-use of counterparty collateral.
Schedule of Pre-tax Effect of Derivative Instruments and Related Hedged Items in a Fair Value Hedging Relationship
The amounts recorded on the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges were as follows:
Carrying Amount of the Hedged LiabilitiesCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Liabilities
As ofAs of
July 31, 2026October 31, 2025July 31, 2026October 31, 2025
In millions
Long-term debt$(1,330)$(754)$22 $(4)
Schedule of Pre-tax Effect of Derivative Instruments in Net Investment Hedging Relationships
The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships recognized in Other Comprehensive Income (“OCI”) were as follows:
Gains (Losses) Recognized in OCI on Derivatives
For the three months ended July 31,For the nine months ended July 31,
2026202520262025
In millions
Derivatives in Cash Flow Hedging Relationship:
Foreign exchange contracts$91 $6 $26 $(189)
Derivatives in Net Investment Hedging Relationship:
Foreign exchange contracts— (12)(49)(33)
Total$91 $(6)$(23)$(222)
Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow Hedging Relationships
The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships recognized in Other Comprehensive Income (“OCI”) were as follows:
Gains (Losses) Recognized in OCI on Derivatives
For the three months ended July 31,For the nine months ended July 31,
2026202520262025
In millions
Derivatives in Cash Flow Hedging Relationship:
Foreign exchange contracts$91 $6 $26 $(189)
Derivatives in Net Investment Hedging Relationship:
Foreign exchange contracts— (12)(49)(33)
Total$91 $(6)$(23)$(222)
Schedule of Effect of Derivative Instruments on the Statement of Earnings
The following table represents the pre-tax effect of derivative instruments on total amounts of income and expense line items presented in the Condensed Consolidated Statements of Earnings in which the effects of fair value hedges and derivatives not designated as hedging instruments are recorded:
 Gains (Losses) Recognized in Income
For the three months ended July 31,For the nine months ended July 31,
2026202520262025
Net RevenueInterest and Other, netNet RevenueInterest and Other, netNet RevenueInterest and Other, netNet RevenueInterest and Other, net
In millions
Total net revenue and interest and other, net$12,213 $(75)$9,136 $8 $32,192 $(202)$24,617 $86 
 Gains (Losses) on Derivatives in Fair Value Hedging Relationships:
Interest Rate Contracts
Hedged items$— $19 $— $(11)$— $26 $— $(41)
Derivatives designated as hedging instruments— (19)— 11 — (26)— 41 
Gains (Losses) on Derivatives in Cash Flow Hedging Relationships:
Foreign Exchange Contracts
Amount of gains (losses) reclassified from accumulated other comprehensive income into income32 51 (66)11 28 (30)17 (102)
Interest Rate Locks
Amount of losses reclassified from accumulated other comprehensive income into income— (1)— (1)— (1)— (2)
Gains (Losses) on Derivatives not Designated as Hedging Instruments:
Foreign exchange contracts— 49 — 1 — 48 — (75)
Other derivatives— (10)— (2)— (2)— 2 
Total gains (losses)$32 $89 $(66)$9 $28 $15 $17 $(177)