PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

9 Months Ended

Jul. 31, 2016

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				Nine Months Ended
	July 31				July 31
	2016		2015		2016		2015
Service cost	$	64	$	70	$	190	$	212
Interest cost		98		118		293		356
Expected return on plan assets		(194)		(192)		(581)		(577)
Amortization of actuarial loss		51		55		155		165
Amortization of prior service cost		4		7		12		19
Settlements/curtailments		1		4		10		5
Net cost	$	24	$	62	$	79	$	180

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				Nine Months Ended
	July 31				July 31
	2016		2015		2016		2015
Service cost	$	9	$	12	$	28	$	35
Interest cost		51		65		153		194
Expected return on plan assets		(8)		(14)		(26)		(42)
Amortization of actuarial loss		18		22		55		68
Amortization of prior service credit		(19)		(19)		(58)		(57)
Net cost	$	51	$	66	$	152	$	198