DERIVATIVES (Tables)
 6 Months Ended
Apr. 30, 2017
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, 2017 were as follows:
 
 
Derivatives in Cash Flow
Hedging Relationships
 
Derivatives Not Designated as Hedging Instruments
 
 
Forward
Contracts
 
Forward
Contracts
Currency
 
Buy/(Sell)
 
Buy/(Sell)
 
 
(in millions)
Euro
 
$
—

 
$
46

British Pound
 
—

 
(1
)
Singapore Dollar
 
9

 
1

Malaysian Ringgit
 
71

 
(7
)
Japanese Yen
 
(78
)
 
(40
)
Other currencies
 
(15
)
 
4

Total
 
$
(13
)
 
$
3

 
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 condensed consolidated balance sheet as of April 30, 2017 and October 31, 2016 were as follows:
Fair Values of Derivative Instruments
Asset Derivatives
 
Liability Derivatives
 
 
Fair Value
 
 
 
Fair Value
Balance Sheet Location
 
April 30,
2017
 
October 31,
2016
 
Balance Sheet Location
 
April 30,
2017
 
October 31,
2016
(in millions)
Derivatives designated as hedging instruments:
 
 

 
 

 
 
 
 

 
 

Cash flow hedges
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
Other current assets
 
$
4

 
$
2

 
Other accrued liabilities
 
$
2

 
$
4

Derivatives not designated as hedging instruments:
 
 

 
 

 
 
 
 

 
 

Foreign exchange contracts
 
 

 
 

 
 
 
 

 
 

Other current assets
 
1

 
2

 
Other accrued liabilities
 
—

 
4

Total derivatives
 
$
5

 
$
4

 
 
 
$
2

 
$
8
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 condensed consolidated statement of operations was as follows:
 
Three Months Ended
 
Six Months Ended
 
April 30,
 
April 30,
 
2017
 
2016
 
2017
 
2016
 
(in millions)
Derivatives designated as hedging instruments:
 

 
 

 
 
 
 
Cash Flow Hedges
 
 
 
 
 
 
 
Foreign exchange contracts:
 
 
 
 
 
 
 
Gain (loss) recognized in accumulated other comprehensive income
$
(1
)
 
$
(3
)
 
$
2

 
$
(1
)
Gain (loss) reclassified from accumulated other comprehensive income into cost of sales
$
(1
)
 
$
(3
)
 
$
(2
)
 
$
(7
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Gain (loss) recognized in other income (expense), net
$
—

 
$
—

 
$
2

 
$
(2
)