XML 29 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS
9 Months Ended
Jul. 31, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS
RETIREMENT PLANS AND POST-RETIREMENT BENEFIT PLANS
 
For the three and nine months ended July 31, 2016 and 2015, our net pension and post-retirement benefit costs were comprised of the following:
 
Pensions
 
 
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined Benefit
Plans
 
U.S. Post-Retirement
Benefit Plan
 
Three Months Ended July 31,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Service cost—benefits earned during the period
$
5

 
$
5

 
$
5

 
$
4

 
$

 
$

Interest cost on benefit obligation
6

 
5

 
8

 
10

 
2

 
2

Expected return on plan assets
(9
)
 
(9
)
 
(19
)
 
(18
)
 
(3
)
 
(4
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial losses
2

 
1

 
7

 
8

 
5

 
3

Prior service credit
(2
)
 
(2
)
 

 
(1
)
 
(4
)
 
(5
)
Total periodic benefit cost (benefit)
$
2

 
$

 
$
1

 
$
3

 
$

 
$
(4
)


 
Pensions
 
 
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined Benefit
Plans
 
U.S. Post-Retirement
Benefit Plan
 
Nine Months Ended July 31,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Service cost—benefits earned during the period
$
15

 
$
16

 
$
13

 
$
13

 
$

 
$
1

Interest cost on benefit obligation
18

 
15

 
24

 
31

 
6

 
6

Expected return on plan assets
(27
)
 
(28
)
 
(56
)
 
(55
)
 
(10
)
 
(11
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial losses
6

 
3

 
21

 
22

 
15

 
9

Prior service credit
(6
)
 
(5
)
 

 
(1
)
 
(12
)
 
(16
)
Total periodic benefit cost (benefit)
$
6

 
$
1

 
$
2

 
$
10

 
$
(1
)
 
$
(11
)


We did not contribute to our U.S. Defined Benefit Plans and U.S. Post-Retirement Benefit Plan during the three and nine months ended July 31, 2016 and 2015. We contributed $10 million and $29 million to our Non-U.S. Defined Benefit Plans during the three and nine months ended July 31, 2016, respectively, and contributed $10 million and $35 million to our Non-U.S. Defined Benefit Plans during the three and nine months ended July 31, 2015, respectively.

During the remainder of 2016, we do not expect to contribute to our U.S. Defined Benefit Plans, and we expect to contribute $8 million to our Non-U.S. Defined Benefit Plans.

Employees hired on or after August 1, 2015 are not eligible to participate in the U.S. Defined Benefit Plans or the U.S. Post-Retirement Benefit Plan. We provide matching contributions to these employees under the Keysight Technologies, Inc. 401(k) Plan up to a maximum of 6 percent of the employee's annual eligible compensation.