Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Jan. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments for the indicated periods were as follows:

	Three Months Ended
	January 31, 2021		January 26, 2020
	(In millions)
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts	$	1	$	7
Interest rate contracts	—		(18)
Total	$	1	$	(11)

Effect of derivative instruments on the consolidated statement of operations

The effects of derivative instruments and hedging activities on the Consolidated Condensed Statements of Operations were as follows:

	Three Months Ended
	January 31, 2021						January 26, 2020
			Derivatives in Cash Flow Hedging Relationships						Derivatives in Cash Flow Hedging Relationships
	Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded		Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations		Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations		Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded		Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations		Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations
	(In millions)
Foreign Exchange Contracts:
Net Sales	$	5,162	$	(4)	$	—	$	4,162	$	(1)	$	2
Cost of products sold	$	2,813	2		(1)		$	2,304	2		—
Research, development and engineering	$	606	1		—		$	552	1		—
Interest Rate Contracts:
Interest expense	$	61	(3)		—		$	59	(1)		—
			$	(4)	$	(1)			$	1	$	2

Derivatives not designated as hedging instruments in statement of operations

		Amount of Gain or (Loss)  Recognized in Consolidated Condensed Statement of Operations
		Three Months Ended
	Location of Gain or (Loss) Recognized in Consolidated Condensed Statement of Operations	January 31, 2021		January 26, 2020
		(In millions)
Derivatives Not Designated as Hedging Instruments
Foreign exchange contracts	Interest and other income, net	$	—	$	4
Total return swaps - deferred compensation	Cost of products sold	1		—
Total return swaps - deferred compensation	Operating expenses	7		—
Total		$	8	$	4