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SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Jul. 31, 2016
Share-based Compensation [Abstract]  
Allocated Share-based compensation expense disclosure
The impact of share-based compensation on our results was as follows:
 

Three Months Ended
 
Nine Months Ended

July 31,
 
July 31,
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Cost of products and services
$
2

 
$
2

 
$
9

 
$
10

Research and development
2

 
2

 
7

 
8

Selling, general and administrative
6

 
3

 
23

 
31

Total share-based compensation expense
$
10

 
$
7

 
$
39

 
$
49

 
Share-based compensation arrangement by share-based payment award fair value assumptions and methodology schedule

The following assumptions were used to estimate the fair value of employee stock options and LTP Program grants.
 
 
Three Months Ended
 
Nine Months Ended
 
July 31,
 
July 31,
 
2016
 
2015
 
2016
 
2015
Stock Option Plans:
 

 
 

 
 
 
 
Weighted average risk-free interest rate
—

 
—

 
—

 
1.6
%
Dividend yield
—

 
—

 
—

 
—
%
Weighted average volatility
—

 
—

 
—

 
31
%
Expected life
—

 
—

 
—

 
4.9 years

LTP Program:
 
 
 
 
 
 
 
Volatility of Keysight shares
25
%
 
26
%
 
25
%
 
26
%
Volatility of selected peer-company shares
14%-54%

 
17%-67%

 
14%-54%

 
17%-67%

Price-wise correlation with selected peers
38
%
 
38
%
 
38
%
 
38
%
 
The fair value of employee stock option awards was estimated using the Black-Scholes option pricing model.