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INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2016

Income Tax Disclosure [Abstract]

Income before income taxes domestic and foreign

The domestic and foreign components of income from continuing operations before taxes are:

	Years Ended October 31,
	2016				2015				2014
	(in millions)
U.S. operations	$	27			$	77			$	(72	)
Non-U.S. operations	517				403				301
Total income from continuing operations before taxes	$	544			$	480			$	229

Provision for income taxes from operations

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

	Years Ended October 31,
	2016				2015				2014
	(in millions)
U.S. federal taxes:
Current	$	(1	)		$	(91	)		$	17
Deferred	19				97				(80		)
Non-U.S. taxes:
Current	77				62				176
Deferred	(14		)		(27		)		(111		)
State taxes, net of federal benefit:
Current	3				1				—
Deferred	(2		)		—				(5		)
Total provision (benefit)	$	82			$	42			$	(3	)

Significant components of deferred tax assets and deferred tax liabilities

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

	October 31,
	2016								2015
	Deferred Tax Assets				Deferred Tax Liabilities				Deferred Tax Assets				Deferred Tax Liabilities
	(in millions)
Inventory	$	13			$	—			$	13			$	—
Intangibles	—				92				—				95
Property, plant and equipment	16				—				17				—
Warranty reserves	14				—				11				—
Pension benefits and retiree medical benefits	136				—				93				—
Employee benefits, other than retirement	28				—				26				—
Net operating loss, capital loss, and credit carryforwards	293				—				173				—
Unremitted earnings of foreign subsidiaries	—				53				—				33
Share-based compensation	41				—				39				—
Deferred revenue	42				—				41				—
Other	12				—				4				—
Subtotal	595				145				417				128
Tax valuation allowance	(129		)		—				(131		)		—
Total deferred tax assets or deferred tax liabilities	$	466			$	145			$	286			$	128

Current and long-term deferred tax assets and deferred tax liabilities

The breakdown between current and long-term deferred tax assets and deferred tax liabilities was as follows for the years 2016 and 2015:

	October 31,
	2016				2015
	(in millions)
Current deferred tax assets (included within other current assets)	$	—			$	84
Long-term deferred tax assets (included within other assets)	386				180
Current deferred tax liabilities (included within other accrued liabilities)	—				(10		)
Long-term deferred tax liabilities (included within other long-term liabilities)	(65		)		(96		)
Total	$	321			$	158

Tax rate reconciliation, U.S. federal statutory rate to effective tax rate from operations

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

	Years Ended October 31,
	2016				2015				2014
	(in millions)
Profit before tax times statutory rate	$	190			$	167			$	80
State income taxes, net of federal benefit	2				(8		)		(7		)
Non-U.S. income taxed at different rates	(68		)		(72		)		(39		)
Change in unrecognized U.S. tax benefits	(27		)		(116		)		(111		)
Repatriation of foreign earnings	—				68				75
Valuation allowances	18				(2		)		2
Adjustments to earnings of foreign subsidiaries	(11		)		—				—
Adjustment to income taxes payable	—				—				(6		)
Other, net	(22		)		5				3
Provision (benefit) for income taxes	$	82			$	42			$	(3	)
Effective tax rate	15.1		%		8.7		%		(1.3		)%

Current and Long Term Tax Assets and Liabilities [Table Text Block]

The breakdown between current and long-term income tax assets and liabilities, excluding deferred tax assets and liabilities, was as follows for the years 2016 and 2015:

	October 31,
	2016				2015
	(in millions)
Current income tax assets (included within other current assets)	$	83			$	104
Long-term income tax assets (included within other assets)	19				20
Current income tax liabilities (included within other accrued liabilities)	(49		)		(62		)
Long-term income tax liabilities (included within other long-term liabilities)	(190		)		(227		)
Total	$	(137	)		$	(165	)

Income tax contingencies rollforward

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

	2016				2015				2014
	(in millions)
Balance, beginning of year	$	289			$	417			$	512
Additions for tax positions related to the current year	31				33				45
Additions for tax positions from prior years	1				3				11
Reductions for tax positions from prior years	(27		)		(156		)		(141		)
Settlements with taxing authorities	—				(4		)		(2		)
Statute of limitations expirations	(1		)		(4		)		(8		)
Balance, end of year	$	293			$	289			$	417

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

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