Retirement Plans and Post Retirement Pension Plans
6 Months Ended
Apr. 30, 2011
Retirement Plans and Post Retirement Pension Plans [Abstract]  
Retirement Plans and Post Retirement Pension Plans
12. RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS
 
Components of net periodic costs. For the three and six months ended April 30, 2011 and 2010, our net pension and post retirement benefit costs were comprised of the following:
 
 
 
Pensions
  
 
  
 
 
 
 
U.S. Plans
  
Non-U.S.
Plans
  
U.S. Post Retirement
Benefit Plans
 
 
 
Three Months Ended April 30,
 
 
 
2011
  
2010
  
2011
  
2010
  
2011
  
2010
 
 
 
(in millions)
 
Service cost-benefits earned during the period
 $11  $10  $8  $8  $1  $1 
Interest cost on benefit obligation
  7   7   18   17   6   7 
Expected return on plan assets
  (11)  (10)  (23)  (21)  (5)  (5)
Amortization and deferrals:
                        
Actuarial loss
  1   1   9   7   3   4 
Prior service cost
  (3)  (3)  -   -   (5)  (4)
Total net plan costs
 $5  $5  $12  $11  $-  $3 
 
 
 
Pensions
  
 
  
 
 
 
 
U.S. Plans
  
Non-U.S.
Plans
  
U.S. Post Retirement
Benefit Plans
 
 
 
Six Months Ended April 30,
 
 
 
2011
  
2010
  
2011
  
2010
  
2011
  
2010
 
 
 
(in millions)
 
Service cost-benefits earned during the period
 $21  $20  $16  $16  $2  $2 
Interest cost on benefit obligation
  14   14   35   35   13   14 
Expected return on plan assets
  (22)  (20)  (46)  (43)  (10)  (10)
Amortization and deferrals:
                        
Actuarial loss
  2   3   19   20   7   8 
Prior service cost
  (6)  (6)  -   -   (9)  (8)
Total net plan costs
 $9  $11  $24  $28  $3  $6 
 
As of April 1, 2011, we approved changes to our U.S. Post-Retirement Benefit Plan. In connection with these changes, we reduced our Accumulated Prospective Benefit Obligation by $194 million with the offset going to accumulated other comprehensive income.  The prior service credit will be amortized over the future working lifetime of all participants in the plan which is approximately 9 years.
 
We contributed approximately $30 million to our U.S. defined benefit plans and $21 million to our non-U.S. defined benefit plans during the three months ended April 30, 2011 and $33 million and $34 million, respectively, for the six months ended April 30, 2011.  We contributed approximately $30 million to our U.S. defined benefit plans and $10 million to our non-U.S. defined benefit plans during the three months ended April 30, 2010 and $32 million and $22 million, respectively, for the six months ended April 30, 2010.  We expect to contribute approximately zero to our U.S. defined benefit plans and $30 million to our non-U.S. defined benefit plans during the remainder of 2011.