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INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The domestic and foreign components of income before taxes are:

	Year Ended October 31,
	2015				2014				2013
	(in millions)
U.S. operations	$	(6	)		$	(18	)		$	14
Non-U.S. operations	394				493				487
Total income before taxes	$	388			$	475			$	501

Components Of Income Tax Expense Disclosure

The provision (benefit) for income taxes is comprised of:

	Year Ended October 31,
	2015				2014				2013
	(in millions)
U.S. federal taxes:
Current	$	12			$	(11	)		$	10
Deferred	(7		)		25				12
Non-U.S. taxes:
Current	24				62				16
Deferred	(158		)		(4		)		3
State taxes, net of federal benefit:
Current	1				9				4
Deferred	3				2				(1		)
Total provision (benefit) for income taxes	$	(125	)		$	83			$	44

Income Tax Effects On Net Deferred Tax Assets Liabilities Disclosure

The significant components of deferred tax assets and deferred tax liabilities included in the combined and consolidated balance sheet are:

	October 31,
	2015								2014
	Deferred Tax Assets				Deferred Tax Liabilities				Deferred Tax Assets				Deferred Tax Liabilities
	(in millions)
Inventory	$	12			$	(1	)		$	20			$	—
Intangibles	131				(15		)		35				(6		)
Property, plant and equipment	25				(11		)		28				(10		)
Warranty reserves	20				—				18				—
Pension benefits	66				(18		)		61				(18		)
Employee benefits, other than retirement	27				—				26				—
Net operating loss, capital loss, and credit carryforwards	135				—				127				—
State taxes	—				—				6				—
Unremitted earnings of foreign subsidiaries	—				(33		)		—				(53		)
Share-based compensation	23				—				15				—
Deferred revenue	36				(3		)		42				(1		)
Other	11				(7		)		3				(11		)
Subtotal	486				(88		)		381				(99		)
Tax valuation allowance	(46		)		—				(39		)		—
Total deferred tax assets or deferred tax liabilities	$	440			$	(88	)		$	342			$	(99	)

Current And Long Term Tax Assets And Current And Long Term Tax Liabilities Disclosure

The breakdown between current and long-term deferred tax assets and deferred tax liabilities was as follows for the years 2015 and 2014:

	October 31,
	2015				2014
	(in millions)
Current deferred tax assets	$	74			$	83
Long-term deferred tax assets	295				163
Current deferred tax liabilities (included within other accrued liabilities)	(2		)		(1		)
Long-term deferred tax liabilities (included within other long-term liabilities)	(15		)		(2		)
Total	$	352			$	243

Summary Of Income Tax Expense Reconciliation

The differences between the U.S. federal statutory income tax rate and our effective tax rate are:

	Year Ended October 31,
	2015				2014				2013
	(in millions)
Profit before tax times statutory rate	$	136			$	166			$	175
State income taxes, net of federal benefit	3				6				2
Non-U.S. income taxed at different rates	(107		)		(113		)		(147		)
Singapore tax incentives through amortization	(219		)		—				—
Retroactive Singapore tax rate incentive impact	(15		)
Repatriation of foreign earnings	—				62				8
Foreign earnings not considered indefinitely reinvested	33				—				—
Change in unrecognized tax benefits	33				(39		)		6
Valuation allowances	—				(5		)		—
Other, net	11				6				—
Provision (benefit) for income taxes	$	(125	)		$	83			$	44
Effective tax rate	(32		)%		18		%		9		%

Current and Long Term Tax Assets and Liabilities

The breakdown between current and long-term income tax assets and liabilities, excluding deferred tax assets and liabilities, was as follows for the years 2015 and 2014:

	October 31,
	2015				2014
	(in millions)
Current income tax liabilities (included within income and other taxes payable)	$	(3	)		$	(60	)
Long-term income tax liabilities (included within other long-term liabilities)	(14		)		(82		)
Total	$	(17	)		$	(142	)

Summary of Income Tax Contingencies

The aggregate changes in the balances of our unrecognized tax benefits including all federal, state and foreign tax jurisdictions are as follows:

	2015				2014				2013
	(in millions)
Balance, beginning of year	$	129			$	173			$	162
Reductions due to spin transaction	(113		)		—				—
Additions due to acquisition	2				—				—
Additions for tax positions related to the current year	34				10				9
Additions for tax positions from prior years	2				9				5
Reductions for tax positions from prior years	(4		)		(59		)		(2		)
Settlements with taxing authorities	—				(1		)		—
Statute of limitations expirations	—				(3		)		(1		)
Balance, end of year	$	50			$	129			$	173

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
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