SUBSEQUENT EVENTS

12 Months Ended

Oct. 31, 2013

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

30. SUBSEQUENT EVENTS

A quarterly dividend of $.51 per share was declared at the Board of Directors meeting on December 4, 2013, payable on February 3, 2014 to stockholders of record on December 31, 2013. The Board of Directors also authorized the repurchase of up to $8,000 million of additional common stock. This repurchase program will supplement the existing $5,000 million share repurchase program, which had $957 million remaining at October 31, 2013. Repurchase of the company’s common stock will be made at the company’s discretion in the open market.

In December 2013, the company’s financial services operations issued medium-term notes with $500 million due in December 2015 and $750 million due in December 2018.