PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

3 Months Ended

Jan. 31, 2014

PENSION AND OTHER POSTRETIREMENT BENEFITS

Components of Pension and Postretirement Benefit Costs

The worldwide components of net periodic pension cost consisted of the following in millions of dollars:

	Three Months Ended January 31
		2014			2013
Service cost	$	61		$	67
Interest cost	119			110
Expected return on plan assets	(193		)	(194		)
Amortization of actuarial loss	43			65
Amortization of prior service cost	6			8
Settlements/curtailments	2
Net cost	$	38		$	56

The worldwide components of net periodic postretirement benefits cost (health care and life insurance) consisted of the following in millions of dollars:

	Three Months Ended January 31
	2014			2013
Service cost	$	11		$	14
Interest cost	66			64
Expected return on plan assets	(18		)	(21		)
Amortization of actuarial loss	9			36
Amortization of prior service credit	(1		)	(1		)
Net cost	$	67		$	92