DERIVATIVES (Tables)
 6 Months Ended
Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Aggregated notional amounts by currency and designation
The aggregated notional amounts by currency and designation as of April 30, 2016 were as follows:
 
 
 
Derivatives Designated as Cash Flow
Hedges
 
Derivatives
Not
Designated
as Hedging
Instruments
 
 
Forward
Contracts USD
 
Forward
Contracts USD
 
Forward
Contracts DKK
Currency
 
Buy/(Sell)
 
Buy/(Sell)
 
Buy/(Sell)
 
 
(in millions)
Euro
 
$
(31
)
 
$
116

 
$
(56
)
British Pound
 
(31
)
 
(4
)
 
(4
)
Canadian Dollar
 
(27
)
 
(2
)
 
(3
)
Australian Dollar
 
3

 
14

 
(4
)
Malaysian Ringgit
 
—

 
(2
)
 
—

Japanese Yen
 
(65
)
 
21

 
(1
)
American Dollar
 
—

 
—

 
44

Other
 
(5
)
 
39

 
(14
)
Totals
 
$
(156
)
 
$
182

 
$
(38
)
 
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 gross in the balance sheet in accordance with the authoritative guidance. The gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet as of April 30, 2016 and October 31, 2015 were as follows:

Fair Values of Derivative Instruments
Asset Derivatives
 
Liability Derivatives
 
 
Fair Value
 
 
 
Fair Value
Balance Sheet Location
 
April 30,
2016
 
October 31,
2015
 
Balance Sheet Location
 
April 30,
2016
 
October 31,
2015
(in millions)
Derivatives designated as hedging instruments:
 
 

 
 

 
 
 
 

 
 

Cash flow hedges
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
 
$
1

 
$
2

 
 
 
$
8

 
$
1

Interest rate swap contracts
 
—

 
—

 
 
 
3

 
—

Other current assets
 
$
1

 
$
2

 
Other accrued liabilities
 
$
11

 
$
1

 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments:
 
 

 
 

 
 
 
 

 
 

Foreign exchange contracts
 
 

 
 

 
 
 
 

 
 

Other current assets
 
$
2

 
$
2

 
Other accrued liabilities
 
$
2

 
$
4

Total derivatives
 
$
3

 
$
4

 
 
 
$
13

 
$
5
Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations
The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and not designated as hedging instruments in our consolidated statement of operations were as follows:
 

 
Three Months Ended
 
Six Months Ended
 
April 30,
 
April 30,
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Derivatives designated as hedging instruments:
 

 
 

 
 

 
 

Cash Flow Hedges
 
 
 
 
 
 
 
Foreign exchange contracts:
 
 
 
 
 
 
 
Gain (loss) recognized in accumulated other comprehensive income (loss)
$
(10
)
 
$
(2
)
 
$
(6
)
 
$
8

Gain reclassified from accumulated other comprehensive income (loss) into cost of sales
$
1

 
$
7

 
$
2

 
$
11

Interest rate swap contracts:
 
 
 
 
 
 
 
Loss recognized in accumulated other comprehensive income (loss)
$
(3
)
 
$
—

 
$
(3
)
 
$
—

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Gain (loss) recognized in other income (expense)
$
5

 
$
(4
)
 
$
3

 
$
(17
)