Financial Instruments (Tables)

9 Months Ended

Jul. 31, 2011

Cash Equivalents and Available-for-Sale Investments

		July 31, 2011									October 31, 2010

		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Estimated Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Estimated Fair Value
		In millions
Cash Equivalents
	Time deposits	$	8,299	$	—	$	—		$	8,299	$	6,590	$	—	$	—		$	6,590
	Commercial paper		450		—		—			450		—		—		—			—
	Money market funds		897		—		—			897		971		—		—			971

Total cash equivalents			9,646		—		—			9,646		7,561		—		—			7,561

Available-for-Sale Investments
Debt securities:
	Time deposits		8		—		—			8		8		—		—			8
	Foreign bonds		326		67		—			393		315		58		—			373
	Corporate bonds and other debt securities		76		—		(22	)		54		89		—		(30	)		59

Total debt securities			410		67		(22	)		455		412		58		(30	)		440

Equity securities in public companies			3		3		—			6		5		4		—			9

Total cash equivalents and available-for-sale investments		$	10,059	$	70	$	(22	)	$	10,107	$	7,978	$	62	$	(30	)	$	8,010

Contractual maturities of short-term and long-term investments in available-for-sale securities

	Available-for-Sale Securities

	July 31, 2011
	Cost		Estimated Fair Value
	In millions
Due in 1-5 years	$	11	$	11
Due in more than five years		399		444

	$	410	$	455

Carrying values and balance sheet classification of short-term and long-term investments

		July 31, 2011		October 31, 2010

		In millions
Available-for-sale debt securities		$	—	$	5

	Included in Other current assets		—		5

Available-for-sale debt securities			455		435
Available-for-sale equity securities			6		9
Equity securities in privately-held companies			50		154
Other investments			9		9

	Included in long-term financing receivables and other assets		520		607

Total investments		$	520	$	612

Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets

		As of July 31, 2011										As of October 31, 2010

		Gross Notional⁽¹⁾		Other Current Assets		Long-term Financing Receivables and Other Assets		Other Accrued Liabilities		Other Liabilities		Gross Notional⁽¹⁾		Other Current Assets		Long-term Financing Receivables and Other Assets		Other Accrued Liabilities		Other Liabilities
		In millions
Derivatives designated as hedging instruments
Fair value hedges:
	Interest rate contracts	$	10,075	$	41	$	481	$	—	$	—	$	8,575	$	—	$	656	$	—	$	—
Cash flow hedges:
	Foreign exchange contracts		16,327		80		4		485		169		16,862		98		20		503		83
Net investment hedges:
	Foreign exchange contracts		1,523		—		—		78		86		1,466		8		2		58		62

Total derivatives designated as hedging instruments			27,925		121		485		563		255		26,903		106		678		561		145

Derivatives not designated as hedging instruments
Foreign exchange contracts			10,563		38		5		167		45		13,701		51		3		129		55
Interest rate contracts⁽²⁾			2,200		—		59		—		67		2,200		—		79		—		89
Other derivatives			445		2		5		9		—		397		5		6		—		—

Total derivatives not designated as hedging instruments			13,208		40		69		176		112		16,298		56		88		129		144

Total derivatives		$	41,133	$	161	$	554	$	739	$	367	$	43,201	$	162	$	766	$	690	$	289

⁽¹⁾: Represents the face amounts of contracts that were outstanding as of July 31, 2011 and October 31, 2010, respectively.
⁽²⁾: Represents offsetting swaps acquired through previous business combinations that were not designated as hedging instruments.

Gain (Loss) Recognized in Income on Derivative and Related Hedged Item, Fair Value Hedges

	Gain (Loss) Recognized in Income on Derivative and Related Hedged Item

Derivative Instrument	Location	Three months ended July 31, 2011		Nine months ended July 31, 2011			Hedged Item		Location	Three months ended July 31, 2011			Nine months ended July 31, 2011
		In millions								In millions
Interest rate contracts	Interest and other, net	$	68	$	(135	)		Fixed-rate debt	Interest and other, net	$	(63	)	$	138

	Gain (Loss) Recognized in Income on Derivative and Related Hedged Item

Derivative Instrument	Location	Three months ended July 31, 2010		Nine months ended July 31, 2010		Hedged Item		Location	Three months ended July 31, 2010			Nine months ended July 31, 2010
		In millions							In millions
Interest rate contracts	Interest and other, net	$	215	$	242		Fixed-rate debt	Interest and other, net	$	(206	)	$	(230	)

Gain (Loss) Recognized on Cash Flow and Net Investment Hedges

			Gain (Loss) Recognized in Other Comprehensive Income ("OCI") on Derivative (Effective Portion)						Gain (Loss) Reclassified from Accumulated OCI Into Income (Effective Portion)							Gain Recognized in Income on Derivative (Ineffective portion and Amount Excluded from Effectiveness Testing)

			Three months ended July 31, 2011			Nine months ended July 31, 2011			Location	Three months ended July 31, 2011			Nine months ended July 31, 2011			Location	Three months ended July 31, 2011		Nine months ended July 31, 2011
			In millions							In millions							In millions
Cash flow hedges:
	Foreign exchange contracts		$	115		$	(565	)	Net revenue	$	(333	)	$	(653	)	Net revenue	$	—	$	—
	Foreign exchange contracts			10			28		Cost of products		9			31		Cost of products		—		—
	Foreign exchange contracts			—			5		Other operating expenses		2			4		Other operating expenses		—		—
	Foreign exchange contracts			(37	)		(57	)	Interest and other, net		(20	)		(52	)	Interest and other, net		—		—
	Foreign exchange contracts			7			5		Net revenue		3			9		Interest and other, net		1		4

		Total cash flow hedges	$	95		$	(584	)		$	(339	)	$	(661	)		$	1	$	4

Net investment hedges:
	Foreign exchange contracts		$	(21	)	$	(118	)	Interest and other, net	$	—		$	—		Interest and other, net	$	—	$	—

The before-tax effect of derivative instruments in cash flow and net investment hedging relationships for the three and nine months ended July 31, 2010 were as follows:

			Gain (Loss) Recognized in OCI on Derivative (Effective Portion)						Gain (Loss) Reclassified from Accumulated OCI Into Income (Effective Portion)						Gain Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)

			Three months ended July 31, 2010			Nine months ended July 31, 2010			Location	Three months ended July 31, 2010			Nine months ended July 31, 2010		Location	Three months ended July 31, 2010		Nine months ended July 31, 2010
			In millions							In millions						In millions
Cash flow hedges:
	Foreign exchange contracts		$	114		$	769		Net revenue	$	375		$	433	Net revenue	$	—	$	—
	Foreign exchange contracts			45			38		Cost of products		17			44	Cost of products		—		—
	Foreign exchange contracts			(1	)		(1	)	Other operating expenses		(1	)		—	Other operating expenses		—		—
	Foreign exchange contracts			11			12		Interest and other, net		—			—	Interest and other, net		—		—
	Foreign exchange contracts			(26	)		10		Net revenue		5			20	Interest and other, net		1		7

		Total cash flow hedges	$	143		$	828			$	396		$	497		$	1	$	7

Net investment hedges:
	Foreign exchange contracts		$	25		$	(19	)	Interest and other, net	$	—		$	—	Interest and other, net	$	—	$	—

Gain (Loss) Recognized in Income on Derivatives Not Designated as Hedges

	Gain (Loss) Recognized in Income on Derivative

	Location	Three months ended July 31, 2011			Nine months ended July 31, 2011
		In millions
Foreign exchange contracts	Interest and other, net	$	(49	)	$	(747	)
Other derivatives	Interest and other, net		(22	)		(12	)
Interest rate contracts	Interest and other, net		—			3

Total		$	(71	)	$	(756	)

	Gain (Loss) Recognized in Income on Derivative

	Location	Three months ended July 31, 2010			Nine months ended July 31, 2010
		In millions
Foreign exchange contracts	Interest and other, net	$	(142	)	$	(205	)
Other derivatives	Interest and other, net		15			17
Interest rate contracts	Interest and other, net		—			5

Total		$	(127	)	$	(183	)

- Definition

This item represents the entire disclosure related to Investments in Certain Debt and Equity Securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets).

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