XML 39 R22.htm IDEA: XBRL DOCUMENT v3.24.4
SUPPLEMENTAL FINANCIAL INFORMATION
 12 Months Ended
Oct. 31, 2024
Disclosure Text Block [Abstract]  
Additional Financial Information Disclosure
13.    SUPPLEMENTAL FINANCIAL INFORMATION
The following tables provide details of selected balance sheet items:
Cash, cash equivalents, and restricted cash
 October 31,
 20242023
(in millions)
Cash and cash equivalents$1,796 $2,472 
Restricted cash included in other assets18 16 
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows$1,814 $2,488 
Restricted cash primarily relates to deficit reduction contributions to an escrow account for one of our non-U.S. defined benefit pension plans and deposits held as collateral against bank guarantees.
Inventory
 October 31,
 20242023
 (in millions)
Finished goods$375 $376 
Purchased parts and fabricated assemblies647 609 
Total inventory$1,022 $985 
Inventory-related excess and obsolescence charges recorded in “cost of products” were $35 million in 2024 and $27 million in 2023 and 2022. We record excess and obsolete inventory charges for inventory at our sites and at our contract manufacturers and suppliers, where we have non-cancellable purchase commitments.
Property, plant and equipment
 October 31,
 20242023
 (in millions)
Land$48 $48 
Buildings and leasehold improvements851 828 
Machinery and equipment1,581 1,508 
Total property, plant and equipment2,480 2,384 
Accumulated depreciation of property, plant and equipment(1,706)(1,623)
Property, plant and equipment, net$774 $761 
Asset impairments were zero in 2024, zero in 2023 and $1 million in 2022. Depreciation expense was $126 million in 2024, $120 million in 2023 and $117 million in 2022.
Standard warranty
Activity related to the standard warranty accrual, which is included in “other accrued liabilities” and “other long-term liabilities” in our consolidated balance sheet, is as follows:
 Year Ended October 31,
 20242023
 (in millions)
Beginning balance$36 $32 
Accruals for warranties, including change in estimates22 33 
Settlements made during the period(27)(29)
Ending balance$31 $36 
Accruals for warranties due within one year$19 $22 
Accruals for warranties due after one year12 14 
Ending balance$31 $36 
Other current assets
 October 31,
 20242023
 (in millions)
Prepaid assets$287 $284 
Tax receivables138 44 
Other current assets157 124 
Total other current assets$582 $452 
Prepaid assets include deposits paid in advance to contract manufacturers of $200 million and $210 million as of October 31, 2024 and 2023, respectively. The increase in tax receivables in 2024 as compared to 2023 was primarily due to a one-time discrete tax benefit. See Note 5, “Income Taxes,” for additional information.
Other assets
 October 31,
 20242023
 (in millions)
Pension assets$324 $231 
Tax receivables111 — 
Other assets86 109 
Total other assets$521 $340 
The increase in tax receivables in 2024 as compared to 2023 was primarily due to a one-time discrete tax benefit. See Note 5, “Income Taxes,” for additional information.