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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Notes)
 6 Months Ended
Apr. 30, 2016
Income Tax Disclosure [Abstract]  
Accounting Changes and Error Corrections [Text Block]
 2. REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

During the years ended October 31, 2014 and 2015, the company identified and recorded various out of period income tax adjustments.   We determined that the errors were not material to the previously issued financial statements and disclosures included in our Annual Report on Form 10-K for the year ended October  31, 2014 or for any quarterly periods included therein or through our Quarterly Report on Form 10-Q for the nine months ended July 31, 2015. However, as a result of the company presenting continuing operations and discontinued operations for the first time in our Annual Report on Form 10-K for the year ended October 31, 2015, we determined that the effect of the errors is significant to our financial results for the year ending October 31, 2014 and 2013. Accordingly, we revised our historical financial statements presented in our Form 10-K for the year ended October 31, 2015.
 
For the three and six months ended April 30, 2016, we are presenting comparative fiscal 2015 quarterly information. The fiscal 2015 results for the three and six months ended April 30, 2015 have been revised to reflect the quarterly impact of the out of period adjustments described above. For the three months ended April 30, 2015 the following out of period adjustments were included in the as-reported column in the revision adjustment table and have been removed in the adjustments column: $4 million of tax expense related to the increase of foreign deferred tax liabilities for a prior year. In addition to the aforementioned, for the six months ended April 30, 2015, the following out of period adjustments were included in the as-reported column in the revision adjustment table and have been removed in the adjustments column: $13 million of tax benefit from the reduction in deferred tax liabilities due to tax rate changes in Denmark occurring in a prior year and $4 million of tax expense attributable to an error discovered on a prior year U.S. tax return.

 
Three Months Ended April 30, 2015
 
As Reported
 
Adjustments
 
As Revised
 
(in millions, except per share data)
Income from continuing operations before taxes
$
96

 
 
 
$
96

Provision for income taxes
8

 
(4
)
 
4

Income from continuing operations
88

 
 
 
92

Loss from discontinued operations, net of tax benefit of $0 million
(5
)
 
 
 
(5
)
Net Income
$
83

 
$
4

 
$
87

 
 
 
 
 
 
Net income per share - basic
 
 
 
 
 
Income from continuing operations
$
0.26

 
 
 
$
0.28

Loss from discontinued operations
(0.01
)
 
 
 
(0.02
)
Net income per share - basic
$
0.25

 
 
 
$
0.26

 
 
 
 
 
 
Net income per share - diluted
 
 
 
 
 
Income from continuing operations
$
0.26

 
 
 
$
0.27

Loss from discontinued operations
(0.01
)
 
 
 
(0.01
)
Net income per share - diluted
$
0.25

 
 
 
$
0.26

 
 
 
 
 
 
Total comprehensive income
$
74

 
$
4

 
$
78



 
Six Months Ended April 30, 2015
 
As Reported
 
Adjustments
 
As Revised
 
(in millions, except per share data)
Income from continuing operations before taxes
$
209

 
 
 
$
209

Provision for income taxes
19

 
5

 
24

Income from continuing operations
190

 
 
 
185

Loss from discontinued operations, net of tax benefit of $2
(35
)
 
 
 
(35
)
Net Income
$
155

 
$
(5
)
 
$
150

 
 
 
 
 
 
Net income per share - basic
 
 
 
 
 
Income from continuing operations
$
0.57

 
 
 
$
0.55

Loss from discontinued operations
(0.11
)
 
 
 
(0.10
)
Net income per share - basic
$
0.46

 
 
 
$
0.45

 
 
 
 
 
 
Net income per share - diluted
 
 
 
 
 
Income from continuing operations
$
0.56

 
 
 
$
0.55

Loss from discontinued operations
(0.10
)
 
 
 
(0.10
)
Net income per share - diluted
$
0.46

 
 
 
$
0.45

 
 
 
 
 
 
Total comprehensive loss
$
(113
)
 
$
(5
)
 
$
(118
)

The adjustments resulted in the following revisions to our condensed consolidated statement of cash flow.
 
Six Months Ended April 30, 2015
 
As
Reported
 
Adjustments
 
As
Revised
 
(in millions)
Net income
$
155

 
$
(5
)
 
$
150

Deferred taxes
$
(3
)
 
$
7

 
$
4

Changes in assets and liabilities:
 
 
 
 
 
Other assets and liabilities
$
(127
)
 
$
(2
)
 
$
(129
)
Net cash provided by operating activities
$
163

 
$
—

 
$
163