Keysight (KEYS) 10-Q 3 Jun 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 30, 2016	Jun. 01, 2016
Entity Information [Line Items]
Entity Registrant Name	Keysight Technologies, Inc.
Entity Central Index Key	1,601,046
Current Fiscal Year End Date	--10-31
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		170,227,893
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2016
Trading Symbol	KEYS

CONDENSED COMBINED AND CONSOLID

CONDENSED COMBINED AND CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Net revenue [Abstract]
Products	$ 613	$ 630	$ 1,219	$ 1,226
Services and other	118	110	233	215
Total net revenue	731	740	1,452	1,441
Costs and expenses:
Cost of products	263	264	530	524
Cost of services and other	62	60	124	118
Total costs	325	324	654	642
Research and development	108	96	216	192
Selling, general and administrative	207	192	407	398
Other Operating Expense (Income), Net	(4)	(5)	(18)	(11)
Total costs and expenses	636	607	1,259	1,221
Income from operations	95	133	193	220
Interest income	0	1	1	1
Interest expense	(12)	(11)	(24)	(23)
Other income (expense), net	4	(1)	1	2
Income before taxes, as reported	87	122	171	200
Provision (Benefit) for income taxes	(1)	26	19	34
Net Income	$ 88	$ 96	$ 152	$ 166
Net income per share:
Basic (in dollars per share)	$ 0.52	$ 0.57	$ 0.89	$ 0.99
Diluted (in dollars per share)	$ 0.51	$ 0.56	$ 0.88	$ 0.97
Weighted average shares used in computing net income per share:
Basic (in shares)	170	169	171	168
Diluted (in shares)	172	171	172	171

CONDENSED AND CONSOLIDATED STAT

CONDENSED AND CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Other comprehensive income (loss):
Net Income	$ 88	$ 96	$ 152	$ 166
Unrealized gain (loss) on investments, net of tax benefit (expense) of zero, $(1), $1 and $(1)	(1)	8	(7)	8
Unrealized gain (loss) on derivative instruments, net of tax benefit (expense) of $1, $(1), zero and $1	(2)	2	(1)	(1)
Amounts reclassified into earnings related to derivative instruments, net of tax benefit (expense) of $(1), zero, $(2) and zero	2	(1)	5	(2)
Foreign currency translation, net of tax benefit (expense) of zero	56	(1)	31	(34)
Net defined benefit pension cost and post retirement plan costs:
Change in actuarial net loss, net of tax expense of $4, $3, $10 and $6	10	8	22	16
Change in net prior service benefit, net of tax benefit of $2, $3, $5 and $6	(5)	(4)	(8)	(8)
Other comprehensive income (loss)	60	12	42	(21)
Total comprehensive income	$ 148	$ 108	$ 194	$ 145

CONDENSED AND CONSOLIDATED STA4

CONDENSED AND CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Other comprehensive income (loss), tax, parenthetical disclosures [Abstract]
Unrealized gain (loss) on investments, tax	$ 0	$ (1)	$ 1	$ (1)
Unrealized gain (loss) on derivative instruments, tax	1	(1)	0	1
Amounts reclassified into earnings related to derivative instruments, tax	(1)	0	(2)	0
Foreign currency translation, tax	0	0	0	0
Net defined benefit pension cost and post retirement plan costs, tax [Abstract]
Change in actuarial net loss, tax	(4)	(3)	(10)	(6)
Change in net prior service benefit, tax	$ 2	$ 3	$ 5	$ 6

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions	Apr. 30, 2016	Oct. 31, 2015
Current assets:
Cash and cash equivalents	$ 620	$ 483
Accounts receivable, net	408	398
Inventory	475	487
Deferred Tax Assets	75	74
Other current assets	159	137
Total current assets	1,737	1,579
Property, plant and equipment, net	531	518
Goodwill	731	700
Other intangible assets, net	226	246
Long-term investments	58	70
Long-term deferred tax assets	264	295
Other assets	108	100
Total assets	3,655	3,508
Current liabilities:
Accounts payable	168	209
Employee compensation and benefits	174	168
Deferred revenue	198	175
Income and other taxes payable	39	50
Other accrued liabilities	73	84
Total current liabilities	652	686
Long-term debt	1,100	1,099
Retirement and post-retirement benefits	250	280
Long-term deferred revenue	69	61
Other long-term liabilities	84	80
Total liabilities	$ 2,155	$ 2,206
Commitments and contingencies (Note 12)
Stockholders' equity:
Preferred stock; $0.01 par value; 100 million shares authorized; none issued and outstanding	$ 0	$ 0
Common stock; $0.01 par value; 1 billion shares authorized; 171 million shares at April 30, 2016 and 170 million shares at October 31, 2015 issued	2	2
Treasury stock at cost; 1.6 million shares at April 30, 2016 and zero shares at October 31, 2015	(42)	0
Additional paid-in-capital	1,211	1,165
Retained earnings	766	614
Accumulated other comprehensive loss	(437)	(479)
Total stockholder's equity	1,500	1,302
Total liabilities and equity	$ 3,655	$ 3,508

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - $ / shares	Apr. 30, 2016	Oct. 31, 2015
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, issued and outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common Stock, Shares, Issued	171,000,000	170,000,000
Treasury Stock, Shares	1,600,000	0

CONDENSED COMBINED AND CONSOLI7

CONDENSED COMBINED AND CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Net Income	$ 152	$ 166
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	67	46
Share-based compensation	29	42
Excess tax benefit from share-based plans	0	(3)
Deferred taxes	3	13
Excess and obsolete inventory related charges	11	17
Gain on sale of land	(10)	0
Other non-cash expenses (income), net	2	1
Changes in assets and liabilities:
Accounts receivable	(3)	(5)
Inventory	(11)	(17)
Accounts payable	(27)	1
Increase (Decrease) in Due To/From Agilent, Current	0	(28)
Employee compensation and benefits	11	7
Increase (Decrease) in Pension and Postretirement Obligations	(20)	(21)
Increase (Decrease) in Income Taxes Payable	2	3
Other assets and liabilities	3	(62)
Net cash provided by operating activities	209	160
Cash flows from investing activities:
Investments in property, plant and equipment	(62)	(31)
Proceeds from sale of investments	0	1
Payments for (Proceeds from) Businesses and Interest in Affiliates	(10)	0
Proceeds from Sale of Land Held-for-use	10	0
Net cash used in investing activities	(62)	(30)
Cash flows from financing activities:
Issuance of common stock under employee stock plans	24	8
Payments for Repurchase of Common Stock	(40)	0
Return of capital to Agilent	0	(49)
Excess tax benefit from share-based plans	0	3
Net Cash used in Financing Activities	(16)	(38)
Effect of exchange rate movements	6	(8)
Net increase in cash and cash equivalents	137	84
Cash and cash equivalents at beginning of period	483	810
Cash and cash equivalents at end of period	620	894
Interest Expense, Long-term Debt	22	24
Income Taxes Paid, Net	$ 8	$ 22

OVERVIEW, BASIS OF PRESENTATION

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 30, 2016
Accounting Policies [Abstract]
OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Overview. Keysight Technologies, Inc. ("we," "us," "Keysight" or the "company"), incorporated in Delaware on December 6, 2013, is a measurement company providing electronic design and test solutions to communications and electronics industries. Our fiscal year-end is October 31, and our fiscal quarters end on January 31, April 30 and July 31. Unless otherwise stated, these dates refer to our fiscal year and fiscal quarters. On November 1, 2014, Keysight became an independent publicly-traded company through the distribution by Agilent Technologies, Inc. ("Agilent") of 100 percent of the outstanding common stock of Keysight to Agilent's shareholders (the "Separation"). Each Agilent shareholder of record as of the close of business on October 22, 2014 received one share of Keysight common stock for every two shares of Agilent common stock held on the record date, resulting in the distribution of approximately 167 million shares of Keysight common stock. Keysight's Registration Statement on Form 10 was declared effective by the U.S. Securities and Exchange Commission ("SEC") on October 6, 2014. Keysight's common stock began trading "regular-way" under the ticker symbol "KEYS" on the New York Stock Exchange on November 3, 2014. Basis of Presentation. We have prepared the accompanying financial statements for the three and six months ended April 30, 2016 and 2015 pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles (“GAAP”) in the U.S. have been condensed or omitted pursuant to such rules and regulations. The accompanying financial statements and information should be read in conjunction with our Annual Report on Form 10-K. In the opinion of management, the accompanying condensed consolidated financial statements contain all normal and recurring adjustments necessary to state fairly our condensed consolidated balance sheet as of April 30, 2016 and October 31, 2015 , condensed consolidated statement of comprehensive income for the three and six months ended April 30, 2016 and 2015 , condensed consolidated statement of operations for the three and six months ended April 30, 2016 and 2015 , and condensed consolidated statement of cash flows for the six months ended April 30, 2016 and 2015 . Use of Estimates. The preparation of condensed consolidated financial statements in accordance with GAAP in the U.S. requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Although these estimates are based on management’s knowledge of current events and actions that may impact the company in the future, actual results may be different from the estimates. Our critical accounting policies are those that affect our financial statements materially and involve difficult, subjective or complex judgments by management. Those policies are revenue recognition, inventory valuation, valuation of goodwill and other intangible assets, share-based compensation, retirement and post-retirement plan assumptions, restructuring, warranty and accounting for income taxes. Land Sale. On April 30, 2014 we entered into a binding sales contract with real estate developers to sell land in the U.K. The contract calls for proportionate transfers and payments of three separate land tracts totaling approximately $34 million in May 2014, November 2015 and November 2016. In the six months ended April 30, 2016 we recognized a $10 million gain on the sale of the second of three land tracts in other operating expense (income), net. Restricted Cash. Restricted cash of $1.5 million primarily consists of deposit held as collateral against bank guarantee and is classified within other assets on the condensed consolidated balance sheet. Reclassifications. Other operating expense (income), net for the three and six months ended April 30, 2015 includes $5 million and $11 million , respectively, of miscellaneous income and expense that was previously classified as other income (expense), net in the condensed consolidated statement of operations, primarily representing rental income, as management believes this is more appropriately classified within our operating results. This change had no effect on reported net income for any period presented. Net revenue for the six months ended April 30, 2016 includes $5 million of product revenue that was previously classified as services and other revenue in the condensed consolidated statement of operations. Cost and expenses for the six months ended April 30, 2016 includes $7 million of costs of products that was previously classified as cost of services and other in the condensed consolidated statement of operations. The changes have no effect on reported net revenue, total costs and expenses and income for any periods presented. Update to Significant Accounting Policies. There have been no material changes to our significant accounting policies, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2015.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Apr. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	2. NEW ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board ("FASB") issued an amendment to the accounting guidance related to revenue recognition. The amendment was the result of a joint project between the FASB and the International Accounting Standards Board ("IASB") to clarify the principles for recognizing revenue and to develop common revenue standards for U.S. GAAP and International Financial Reporting Standards ("IFRS"). To meet those objectives, the FASB amended the FASB Accounting Standards Codification and created a new Topic 606, Revenue from Contracts with Customers, and the IASB issued IFRS 15, Revenue from Contracts with Customers. On July 9, 2015, the FASB deferred the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB also permitted early adoption of the standard, but not before the original effective date of December 15, 2016. In addition, during March, April, and May 2016, the FASB issued guidance that clarified the reporting of revenue as a principal versus agent, identifying performance obligations, accounting for intellectual property licenses, narrow-scope improvements, and practical expedients. We are evaluating the impact of adopting this guidance on our consolidated financial statements. In June 2014, the FASB issued an amendment to the accounting guidance relating to share-based compensation to resolve what it saw as diverse accounting treatment of certain awards. With this amendment, the FASB has given explicit guidance to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting rather than as a non-vesting condition that affects the grant-date fair value of an award. The new guidance is effective for annual periods beginning after December 15, 2015 and for the interim periods within those annual periods. Earlier adoption is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In August 2014, the FASB issued guidance related to the disclosures around going concern. The standard provided guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The standard is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In February 2015, the FASB issued guidance with respect to the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. All legal entities are subject to reevaluation under the revised consolidation model. The new guidance affects the following areas: (1) limited partnerships and similar legal entities, (2) evaluating fees paid to a decision maker or a service provider as a variable interest, (3) the effect of fee arrangements on the primary beneficiary determination, (4) the effect of related parties on the primary beneficiary determination, and (5) certain investment funds. The new guidance is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods. Early adoption is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In April 2015, the FASB issued guidance to simplify presentation of debt issuance costs. The standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The standard is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In April 2015, the FASB issued guidance that clarifies the circumstances under which a cloud computing customer would account for an arrangement as a license of internal-use software. The standard is effective for annual periods beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In May 2015, the FASB issued guidance that removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The standard also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. The standard is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. Early adoption is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In July 2015, the FASB issued guidance to simplify the subsequent measurement of inventory. The standard requires most inventory to be measured at the lower of cost and net realizable value, thereby simplifying the current guidance under which inventory must be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The standard is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early application is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In August 2015, the FASB issued guidance to simplify presentation of debt issuance costs associated with line of credit arrangements. The standard clarifies the SEC's position on presenting and measuring debt issuance costs incurred in connection with line of credit arrangements as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line of credit arrangement. The standard is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In September 2015, the FASB issued guidance that requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Under the standard, if the initial accounting for a business combination is incomplete at the end of the reporting period in which the combination occurs, the acquirer would no longer be required to revise its comparative information for changes to the provisional amounts recognized as of the acquisition date during the measurement period. The standard is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted. We adopted this guidance in the fourth quarter of 2015. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In November 2015, the FASB issued guidance that requires deferred income tax liabilities and assets to be classified as non-current in a classified balance sheet, and eliminates the prior guidance which required an entity to separate deferred tax liabilities and assets into a current amount and a non-current amount in a classified balance sheet. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. Additionally, the new guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We have not yet selected an adoption method and are currently evaluating the impact of adopting this guidance on our consolidated financial statements. In January 2016, the FASB issued guidance that amends various aspects of the recognition, measurement, presentation, and disclosure for financial instruments. The standard generally requires companies to measure investments in other entities, except those accounted for under the equity method, at fair value and recognize any changes in fair value in net income. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for various provisions of the standard. We do not expect a material impact to our consolidated financial statements due to the adoption of this guidance. In February 2016, the FASB issued guidance that will require organizations that lease assets to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP, which requires only capital leases to be recognized on the balance sheet, the new guidance will require both types of leases to be recognized on the balance sheet. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. We are evaluating the impact of adopting this guidance on our consolidated financial statements. In March 2016, the FASB issued guidance that simplifies the accounting for taxes related to share-based compensation, including adjustments to how excess tax benefits and a company's payments for tax withholdings should be classified. The standard is effective for annual and interim periods beginning after December 31, 2016. Early adoption is permitted. We are evaluating the impact of adopting this guidance on our consolidated financial statements. Other amendments to GAAP in the U.S. that have been issued by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our consolidated financial statements upon adoption.

ACQUISITION OF ANITE (Notes)

ACQUISITION OF ANITE (Notes)	6 Months Ended
	Apr. 30, 2016
Business Acquisition [Line Items]
Business Combination Disclosure [Text Block]	3. ACQUISITION OF ANITE On August 13, 2015 , we acquired all share capital of Anite for a cash price of approximately $558 million , net of $43 million of cash acquired. Anite was a U.K.-based global company with strong software expertise and a leading supplier of wireless test solutions. As a result of the acquisition, Anite has become a wholly-owned subsidiary of Keysight. Accordingly, the results of Anite are included in Keysight's consolidated financial statements from the date of the acquisition. There have been no revisions to the preliminary purchase price allocation during the three and six months ended April 30, 2016. As additional information becomes available, we may revise the preliminary purchase price allocation during the remainder of the measurement period (which will not exceed 12 months from the acquisition date). Any such revisions or changes are not expected to be material. In February 2016, we paid approximately $1 million related to the contingent consideration established during the preliminary purchase price allocation in connection with Anite's equity-settled share-based payment arrangements. Acquisition and integration costs directly related to the Anite acquisition totaled $4 million and $7 million for the three and six months ended April 30, 2016, respectively, and were recorded in selling, general and administrative expenses. The following represents pro forma operating results as if Anite had been included in the company's condensed consolidated statements of operations as of the beginning of fiscal 2014 (in millions, except per share amounts): Three Months Ended April 30, 2015 Six Months Ended April 30, 2015 Net revenue $ 791 $ 1,543 Net income $ 101 $ 170 Net income per share - Basic $ 0.60 $ 1.01 Net income per share - Diluted $ 0.59 $ 0.99 The unaudited pro forma financial information for the three and six months ended April 30, 2015 combines the historical results of Keysight and Anite for the three and six months ended April 30, 2015, assuming that the companies were combined as of November 1, 2013 and include business combination accounting effects from the acquisition including amortization charges from acquired intangible assets, the impact on cost of sales due to the respective estimated fair value adjustments to inventory, and acquisition-related transaction costs and tax-related effects. The pro forma information as presented above is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal 2014.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Apr. 30, 2016
Share-based Compensation [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Keysight accounts for share-based awards in accordance with the provisions of the authoritative accounting guidance, which requires the measurement and recognition of compensation expense for all share-based payment awards made to our employees and directors, including employee stock option awards, restricted stock units ("RSUs"), employee stock purchases made under our Employee Stock Purchase Plan (“ESPP”) and performance share awards granted to selected members of our senior management under the Long-Term Performance (“LTP”) Program based on estimated fair values. The impact of share-based compensation on our results was as follows: Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Cost of products and services $ 4 $ 4 $ 7 $ 8 Research and development 2 2 5 6 Selling, general and administrative 7 7 17 28 Total share-based compensation expense $ 13 $ 13 $ 29 $ 42 At April 30, 2016 and 2015 , there was no share-based compensation capitalized within inventory. The expense for the three and six months ended April 30, 2016 includes $2 million and $3 million , respectively, related to special inaugural RSU awards granted during the three months ended January 31, 2015. The expense for the three and six months ended April 30, 2015 includes $1 million and $15 million , respectively, related to these special inaugural RSU grants. These awards will vest over three years from the date of grant. The following assumptions were used to estimate the fair value of employee stock options and LTP Program grants. Three Months Ended Six Months Ended April 30, April 30, 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. Shares granted under the LTP Program were valued using a Monte Carlo simulation model. Both the Black-Scholes and Monte Carlo simulation fair value models require the use of highly subjective and complex assumptions, including the option’s expected life and the price volatility of the underlying stock. The estimated fair value of restricted stock awards is determined based on the market price of Keysight’s common stock on the date of grant. We did not grant any option awards for the three and six months ended April 30, 2016 . For the six months ended April 30, 2015 , we used the average historical volatility of eleven peer companies to estimate the volatility for our stock option awards. We considered our ability to find traded options of peer companies in the current market with similar terms and prices to our options. In estimating the expected life of our options, we considered the historical option exercise behavior of our executives, which we believe is representative of future behavior.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Apr. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES As of April 30, 2016, we continue to include a best estimate of the deferred tax liability for foreign unremitted earnings due to the Separation as zero. Excess foreign tax credits associated with unremitted earnings are not recorded as an asset as they do not represent a separate deferred asset until earnings are remitted. However, unremitted foreign taxes reduce deferred tax liabilities associated with outside basis differences related to the investment in a foreign subsidiary to the extent the credit reduces a deferred tax liability of the investment. We continue to have ongoing discussions with Agilent regarding the allocation of certain deferred tax liability balances related to foreign unremitted earnings in accordance with the Separation agreements. The company’s effective tax rate was a benefit of 1.1 percent and an expense of 11.0 percent for the three and six months ended April 30, 2016, respectively. Income tax recognized was a benefit of $1 million and expense of $19 million for the three and six months ended April 30, 2016, respectively. The effective tax rate for the three months ended April 30, 2016 was a benefit due to tax planning implemented during the quarter. The company's effective tax rate was 21.7 percent and 17.2 percent for the three and six months ended April 30, 2015, respectively. Income tax expense was $26 million and $34 million for the three and six months ended April 30, 2015, respectively. The income tax provision for the three and six months ended April 30, 2016 included a net discrete benefit of $3 million and $2 million, respectively. The income tax provision for the three and six months ended April 30, 2015 included a net discrete expense of $3 million and a net discrete benefit of $7 million, respectively. Keysight benefits from tax incentives in several jurisdictions, most significantly in Singapore, and several jurisdictions have granted us tax incentives that require renewal at various times in the future. The tax incentives provide lower rates of taxation on certain classes of income and require thresholds of investments and employment or specific types of income in those jurisdictions. The impact of tax incentives decreased the income tax provision for the three and six months ended April 30, 2016 by $9 million and $17 million , respectively, resulting in a benefit to net income per share (diluted) of approximately $0.05 and $0.10 for the three and six months ended April 30, 2016, respectively. The Singapore tax incentive is due for renewal in fiscal 2024. For the majority of our entities, the open tax years for the IRS, state and most foreign audit authorities are from August 1, 2014 , through the current tax year. For certain historical Agilent foreign entities that Keysight retained as part of the separation, the tax years generally remain open back to the year 2006 . For certain entities acquired during 2015, the tax years also remain open back to the year 2006 . Given the number of years and numerous matters that remain subject to examination in various tax jurisdictions, we are unable to estimate the range of possible changes to the balance of our unrecognized tax benefits.

NET INCOME PER SHARE

NET INCOME PER SHARE	6 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET INCOME PER SHARE The following is a reconciliation of the numerator and denominator of the basic and diluted net income per share computations for the periods presented below: Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Numerator: Net income $ 88 $ 96 $ 152 $ 166 Denominator: Basic weighted-average shares 170 169 171 168 Potential common shares— stock options and other employee stock plans 2 2 1 3 Diluted weighted-average shares 172 171 172 171 The dilutive effect of share-based awards is reflected in diluted net income per share by application of the treasury stock method, which includes consideration of unamortized share-based compensation expense, the tax benefits or shortfalls recorded to additional paid-in capital and the dilutive effect of in-the-money options and non-vested restricted stock units. Under the treasury stock method, the amount the employee must pay for exercising stock options and unamortized share-based compensation expense and tax benefits or shortfalls collectively are assumed proceeds to be used to repurchase hypothetical shares. An increase in the fair market value of the company's common stock can result in a greater dilutive effect from potentially dilutive awards. We exclude stock options with exercise prices greater than the average market price of our common stock from the calculation of diluted earnings per share because the effect would be anti-dilutive. For the three and six months ended April 30, 2016, 1.7 million options to purchase shares were excluded from the calculation of diluted earnings per share, respectively. In addition, we excluded stock options, ESPP shares, LTP Program and restricted stock awards, of which the combined exercise price, unamortized fair value and excess tax benefits or shortfalls collectively was greater than the average market price of our common stock because the effect would be anti-dilutive. For the three and six months ended April 30, 2016 , we excluded 30,000 and 23,100 shares, respectively.

INVENTORY

INVENTORY	6 Months Ended
	Apr. 30, 2016
Inventory, Net [Abstract]
INVENTORY	INVENTORY April 30, October 31, (in millions) Finished goods $ 226 $ 235 Purchased parts and fabricated assemblies 249 252 Total Inventory $ 475 $ 487

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The following table presents goodwill balances and the movements for each of our reportable segments during the six months ended April 30, 2016 : Measurement Solutions Customer Support and Services Total (in millions) Goodwill as of October 31, 2015 $ 637 $ 63 $ 700 Foreign currency translation impact 19 2 21 Goodwill arising from acquisitions 10 — 10 Goodwill as of April 30, 2016 $ 666 $ 65 $ 731 The components of other intangible assets as of April 30, 2016 and October 31, 2015 are shown in the table below: Other Intangible Assets Gross Carrying Amount Accumulated Amortization and Impairments Net Book Value (in millions) As of October 31, 2015: Developed technology $ 305 $ 125 $ 180 Backlog 4 4 — Trademark/Tradename 20 2 18 Customer relationships 64 28 36 Total amortizable intangible assets 393 159 234 In-Process R&D 12 — 12 Total $ 405 $ 159 $ 246 As of April 30, 2016: Developed technology $ 307 $ 142 $ 165 Backlog 4 4 — Trademark/Tradename 20 3 17 Customer relationships 64 32 32 Total amortizable intangible assets 395 181 214 In-Process R&D 12 — 12 Total $ 407 $ 181 $ 226 During the six months ended April 30, 2016 , we recognized additions to goodwill and other intangible assets of $10 million and $6 million , respectively, based on our preliminary estimates of acquisition date fair values related to one acquisition. During the six months ended April 30, 2016 , we recorded $4 million of foreign exchange translation impact to other intangible assets. Amortization of other intangible assets was $10 million and $22 million for the three and six months ended April 30, 2016 , respectively. Amortization of other intangible assets was $2 million and $4 million for the three and six months ended April 30, 2015, respectively. Future amortization expense related to existing finite-lived purchased intangible assets is estimated to be $22 million for the remainder of 2016 , $40 million for 2017, $37 million for 2018, $37 million for 2019, $36 million for 2020 and $42 million thereafter.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The authoritative guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, we consider the principal or most advantageous market and assumptions that market participants would use when pricing the asset or liability. Fair Value Hierarchy The guidance establishes a fair value hierarchy that prioritizes inputs used in valuation techniques into three levels. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. There are three levels of inputs that may be used to measure fair value: Level 1 - applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 - applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, for the asset or liability such as: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in less active markets; or other inputs that can be derived principally from, or corroborated by, observable market data. Level 3 - applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis Financial assets and liabilities measured at fair value on a recurring basis as of April 30, 2016 and October 31, 2015 were as follows: Fair Value Measurements at April 30, 2016 Fair Value Measurements at October 31, 2015 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (in millions) Assets: Short-term Cash equivalents (money market funds) $ 373 $ 373 $ — $ — $ 295 $ 295 $ — $ — Derivative instruments (foreign exchange contracts) 7 — 7 — 1 — 1 — Long-term Trading securities 11 11 — — 12 12 — — Available-for-sale investments 31 31 — — 41 41 — — Total assets measured at fair value $ 422 $ 415 $ 7 $ — $ 349 $ 348 $ 1 $ — Liabilities: Short-term Derivative instruments (foreign exchange contracts) $ 10 $ — $ 10 $ — $ 10 $ — $ 10 $ — Long-term Deferred compensation liability 11 — 11 — 12 — 12 — Total liabilities measured at fair value $ 21 $ — $ 21 $ — $ 22 $ — $ 22 $ — Our money market funds, trading securities, and available-for-sale investments are generally valued using quoted market prices and therefore are classified within Level 1 of the fair value hierarchy. Our derivative financial instruments are classified within Level 2, as there is not an active market for each hedge contract, but the inputs used to calculate the value of the instruments are tied to active markets. Our deferred compensation liability is classified as Level 2 because, although the values are not directly based on quoted market prices, the inputs used in the calculations are observable. Trading securities and deferred compensation liability are reported at fair value, with gains or losses resulting from changes in fair value recognized currently in net income. Investments designated as available-for-sale and certain derivative instruments are reported at fair value, with unrealized gains and losses, net of tax, included in accumulated other comprehensive income (loss). Realized gains and losses from the sale of these instruments are recorded in net income.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES We are exposed to foreign currency exchange rate fluctuations and interest rate changes in the normal course of our business. As part of our risk management strategy, we use derivative instruments, primarily forward contracts and purchased options to hedge economic and/or accounting exposures resulting from changes in foreign currency exchange rates. Prior to the Capitalization, there were no derivatives contracts legally held by us and the below disclosures represent the activity pertaining to the contracts entered into by us subsequently. Cash Flow Hedges We enter into foreign exchange contracts to hedge our forecasted operational cash flow exposures resulting from changes in foreign currency exchange rates. These foreign exchange contracts, carried at fair value, have maturities between one and twelve months. These derivative instruments are designated and qualify as cash flow hedges under the criteria prescribed in the authoritative guidance. The changes in fair value of the effective portion of the derivative instrument are recognized in accumulated other comprehensive income. Amounts associated with cash flow hedges are reclassified to cost of products in the condensed consolidated statement of operations when the forecasted transaction occurs. If it becomes probable that the forecasted transaction will not occur, the hedge relationship will be de-designated and amounts accumulated in other comprehensive income will be reclassified to other income (expense), net in the current period. Changes in the fair value of the ineffective portion of derivative instruments are recognized in other income (expense), net in the condensed consolidated statement of operations in the current period. We record the premium paid (time value) of an option on the date of purchase as an asset. For options designated as cash flow hedges, changes in the time value are excluded from the assessment of hedge effectiveness and are recognized in other income (expense), net over the life of the option contract. Ineffectiveness in the three and six months ended April 30, 2016 and 2015 was not significant . Other Hedges Additionally, we enter into foreign exchange contracts to hedge monetary assets and liabilities that are denominated in currencies other than the functional currency of our subsidiaries. These foreign exchange contracts are carried at fair value and do not qualify for hedge accounting treatment and are not designated as hedging instruments. Changes in value of the derivative are recognized in other income (expense), net in the condensed consolidated statement of operations, in the current period, along with the offsetting foreign currency gain or loss on the underlying assets or liabilities. Our use of derivative instruments exposes us to credit risk to the extent that the counterparties may be unable to meet the terms of the agreement. We do, however, seek to mitigate such risks by limiting our counterparties to major financial institutions that are selected based on their credit ratings and other factors. We have established policies and procedures for mitigating credit risk that include establishing counterparty credit limits, monitoring credit exposures, and continually assessing the creditworthiness of counterparties. A number of our derivative agreements contain threshold limits to the net liability position with counterparties and are dependent on our corporate credit rating determined by the major credit rating agencies. The counterparties to the derivative instruments may request collateralization, in accordance with derivative agreements, on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position as of April 30, 2016 was $9 million . The credit-risk-related contingent features underlying these agreements had not been triggered as of April 30, 2016 . There were 123 foreign exchange forward contracts open as of April 30, 2016 that were designated as cash flow hedges. There were 79 foreign exchange forward contracts and zero foreign exchange option contract open as of April 30, 2016 that were not designated as hedging instruments. The aggregated notional amounts by currency and designation as of April 30, 2016 were as follows: Derivatives in Cash Flow Hedging Relationships Derivatives Not Designated as Hedging Instruments Forward Contracts Option Contracts Forward Contracts Option Contracts Currency Buy/(Sell) Buy/(Sell) Buy/(Sell) Buy/(Sell) (in millions) Euro $ — $ — $ 51 — British Pound — — (34 ) — Singapore Dollar 9 — (4 ) — Malaysian Ringgit 68 — (8 ) — Japanese Yen (67 ) — (60 ) — Other currencies (9 ) — (14 ) — Totals $ 1 $ — $ (69 ) $ — Derivative instruments are subject to master netting arrangements and are disclosed gross in the balance sheet in accordance with the authoritative guidance. The gross fair values and balance sheet location of derivative instruments held in the condensed consolidated balance sheet as of April 30, 2016 and October 31, 2015 were as follows: Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Fair Value Fair Value Balance Sheet Location April 30, October 31, Balance Sheet Location April 30, October 31, (in millions) Derivatives designated as hedging instruments: Cash flow hedges Foreign exchange contracts Other current assets $ 5 $ — Other accrued liabilities $ 6 $ 8 Derivatives not designated as hedging instruments: Foreign exchange contracts Other current assets 2 1 Other accrued liabilities 4 2 Total derivatives $ 7 $ 1 $ 10 $ 10 The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and not designated as hedging instruments in our condensed consolidated statement of operations were as follows: Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Derivatives designated as hedging instruments: Cash Flow Hedges Foreign exchange contracts: Gain (loss) recognized in accumulated other comprehensive income $ (3 ) $ 3 $ (1 ) $ (2 ) Gain (loss) reclassified from accumulated other comprehensive income into cost of sales $ (3 ) $ 1 $ (7 ) $ 2 Derivatives not designated as hedging instruments: Gain (loss) recognized in other income (expense), net $ — $ 2 $ (2 ) $ (4 ) The estimated amount of existing net loss at April 30, 2016 expected to be reclassified from other comprehensive income to cost of sales within the next twelve months is $2 million .

RETIREMENT PLANS AND POST RETIR

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS	6 Months Ended
	Apr. 30, 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 six months ended April 30, 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 April 30, 2016 2015 2016 2015 2016 2015 (in millions) Service cost—benefits earned during the period $ 5 $ 6 $ 4 $ 5 $ — $ 1 Interest cost on benefit obligation 6 5 8 10 2 2 Expected return on plan assets (9 ) (10 ) (18 ) (18 ) (4 ) (3 ) Amortization: Net actuarial losses 2 1 7 7 5 3 Prior service credit (2 ) (1 ) — — (4 ) (6 ) Total periodic benefit cost (benefit) $ 2 $ 1 $ 1 $ 4 $ (1 ) $ (3 ) Pensions U.S. Defined Benefit Plans Non-U.S. Defined Benefit Plans U.S. Post-Retirement Benefit Plan Six Months Ended April 30, 2016 2015 2016 2015 2016 2015 (in millions) Service cost—benefits earned during the period $ 10 $ 11 $ 8 $ 9 $ — $ 1 Interest cost on benefit obligation 12 10 16 21 4 4 Expected return on plan assets (18 ) (19 ) (37 ) (37 ) (7 ) (7 ) Amortization: Net actuarial losses 4 2 14 14 10 6 Prior service credit (4 ) (3 ) — — (8 ) (11 ) Total periodic benefit cost (benefit) $ 4 $ 1 $ 1 $ 7 $ (1 ) $ (7 ) We did not contribute to our U.S. Defined Benefit Plans and U.S. Post-Retirement Benefit Plan during the three and six months ended April 30, 2016 and 2015 . We contributed $9 million and $19 million to our Non-U.S. Defined Benefit Plans during the three and six months ended April 30, 2016, respectively, and contributed $11 million and $25 million to our Non-U.S. Defined Benefit Plans during the three and six months ended April 30, 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 $19 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.

WARRANTY, COMMITMENTS AND CONTI

WARRANTY, COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
WARRANTY, COMMITMENTS AND CONTINGENCIES	WARRANTY, COMMITMENTS AND CONTINGENCIES Standard Warranty Our standard warranty term for most of our products from the date of delivery is typically three years. We accrue for standard warranty costs based on historical trends in warranty charges as a percentage of net product shipments. The accrual is reviewed regularly and periodically adjusted to reflect changes in warranty cost estimates. Estimated warranty charges are recorded within cost of products at the time related product revenue is recognized. Activity related to the standard warranty accrual, which is included in other accrued and other long-term liabilities in our condensed consolidated balance sheet, is as follows: Six Months Ended April 30, 2016 2015 (in millions) Beginning balance $ 53 $ 51 Accruals for warranties including change in estimate 14 17 Settlements made during the period (16 ) (16 ) Ending balance $ 51 $ 52 Accruals for warranties due within one year $ 33 $ 39 Accruals for warranties due after one year 18 13 Ending balance $ 51 $ 52 Commitments There were no material changes during the six months ended April 30, 2016 to the operating lease commitments reported in the company’s 2015 Annual Report on Form 10-K. Contingencies We are involved in lawsuits, claims, investigations and proceedings, including, but not limited to, patent, commercial and environmental matters, which arise in the ordinary course of business. There are no matters pending that we currently believe are reasonably possible of having a material impact to our business, consolidated financial condition, results of operations or cash flows.

DEBT (Notes)

DEBT (Notes)	6 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
DEBT	DEBT Short-Term Debt On September 15, 2014 , we entered into a five year credit agreement, which provides for a $300 million unsecured credit facility that will expire on November 1, 2019 . On July 21, 2015 , the total amount available under the credit facility was increased to $450 million . The company may use amounts borrowed under the facility for general corporate purposes. As of April 30, 2016 , we had no borrowings outstanding under the credit facility. We were in compliance with the covenants of the credit facility during the six months ended April 30, 2016 . As a result of the Anite acquisition, we have an overdraft facility of £25 million that will expire on July 31, 2016 . As of April 30, 2016, we had no borrowings outstanding under the facility. We were in compliance with the covenants of the credit facility during the six months ended April 30, 2016. Long-Term Debt The following table summarizes the components of our long-term debt: April 30, 2016 October 31, 2015 (in millions) 3.30% Senior Notes due 2019 $ 499 $ 499 4.55% Senior Notes due 2024 600 600 Other 1 — Total $ 1,100 $ 1,099 The notes issued are unsecured and rank equally in right of payment with all of our other senior unsecured indebtedness. There have been no changes to the principal, maturity, interest rates and interest payment terms of the senior notes, detailed in the table above, during the six months ended April 30, 2016 as compared to the senior notes described in our Annual Report on Form 10-K for fiscal year ended October 31, 2015. In March 2016, we assumed approximately $1 million of long-term debt in connection with an acquisition. In May 2016, this debt was subsequently repaid in full. As of April 30, 2016 and October 31, 2015, we had $16 million and $19 million , respectively, of outstanding letters of credit unrelated to the credit facility that were issued by various lenders. The fair value of our long-term debt, calculated from quoted prices that are primarily Level 1 inputs under the accounting guidance fair value hierarchy, was above the carrying value by approximately $7 million and was below the carrying value by $8 million as of April 30, 2016 and October 31, 2015, respectively.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Apr. 30, 2016
Statement of Comprehensive Income [Abstract]
STOCKHOLDERS EQUITY	STOCKHOLDERS' EQUITY Stock Repurchase Program On February 18, 2016, the Board of Directors approved a stock repurchase program authorizing the purchase of up to $200 million of the company’s common stock. Under the program, shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means. The stock repurchase program may be commenced, suspended or discontinued at any time at the company’s discretion and does not have an expiration date. For the six months ended April 30, 2016, we repurchased 1.6 million shares of common stock for $42 million . All such shares and related costs are held as treasury stock and accounted for at trade date using the cost method. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component and related tax effects for the three and six months ended April 30, 2016 and 2015 were as follows: Net defined benefit pension cost and post retirement plan costs Unrealized gain on investments Foreign currency translation Actuarial losses Prior service costs Unrealized gains (losses) on derivatives Total (in millions) As of January 31, 2016 $ 15 $ (73 ) $ (499 ) $ 62 $ (2 ) $ (497 ) Other comprehensive income (loss) before reclassifications (1 ) 56 — — (3 ) 52 Amounts reclassified out of accumulated other comprehensive loss — — 14 (7 ) 3 10 Tax (expense) benefit — — (4 ) 2 — (2 ) Other comprehensive income (loss) (1 ) 56 10 (5 ) — 60 As of April 30, 2016 $ 14 $ (17 ) $ (489 ) $ 57 $ (2 ) $ (437 ) As of October 31, 2015 $ 21 $ (48 ) $ (511 ) $ 65 $ (6 ) $ (479 ) Other comprehensive income (loss) before reclassifications (8 ) 31 4 — (1 ) 26 Amounts reclassified out of accumulated other comprehensive loss — — 28 (13 ) 7 22 Tax (expense) benefit 1 — (10 ) 5 (2 ) (6 ) Other comprehensive income (loss) (7 ) 31 22 (8 ) 4 42 As of April 30, 2016 $ 14 $ (17 ) $ (489 ) $ 57 $ (2 ) $ (437 ) Net defined benefit pension cost and post retirement plan costs Unrealized gain on investments Foreign currency translation Actuarial losses Prior service costs Unrealized gains (losses) on derivatives Total (in millions) As of January 31, 2015 $ 16 $ (27 ) $ (436 ) $ 79 $ (1 ) $ (369 ) Other comprehensive income (loss) before reclassifications 9 (1 ) — — 3 11 Amounts reclassified out of accumulated other comprehensive loss — — 11 (7 ) (1 ) 3 Tax (expense) benefit (1 ) — (3 ) 3 (1 ) (2 ) Other comprehensive income (loss) 8 (1 ) 8 (4 ) 1 12 As of April 30, 2015 $ 24 $ (28 ) $ (428 ) $ 75 $ — $ (357 ) As of October 31, 2014 $ 16 $ 6 $ (444 ) $ 83 $ 3 $ (336 ) Other comprehensive income (loss) before reclassifications 9 (34 ) — — (2 ) (27 ) Amounts reclassified out of accumulated other comprehensive loss — — 22 (14 ) (2 ) 6 Tax (expense) benefit (1 ) — (6 ) 6 1 — Other comprehensive income (loss) 8 (34 ) 16 (8 ) (3 ) (21 ) As of April 30, 2015 $ 24 $ (28 ) $ (428 ) $ 75 $ — $ (357 ) Reclassifications out of accumulated other comprehensive loss for the three and six months ended April 30, 2016 and 2015 were as follows: Details about Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in Statement of Operations Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Unrealized gain on derivatives $ (3 ) $ 1 $ (7 ) $ 2 Cost of sales 1 — 2 — Provision for income taxes (2 ) 1 (5 ) 2 Net of income tax Net defined benefit pension cost and post retirement plan costs: Actuarial net loss (14 ) (11 ) (28 ) (22 ) Prior service benefit 7 7 13 14 (7 ) (4 ) (15 ) (8 ) Total before income tax 2 — 5 — Provision for income taxes (5 ) (4 ) (10 ) (8 ) Net of income tax Total reclassifications for the period $ (7 ) $ (3 ) $ (15 ) $ (6 ) An amount in parentheses indicates a reduction to income and an increase to the accumulated other comprehensive income. Reclassifications of prior service benefit and actuarial net loss in respect of retirement plans and post retirement pension plans are included in the computation of net periodic cost (see Note 11, "Retirement Plans and Post Retirement Pension Plans").

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We provide electronic design and test solutions to the communications and electronics industries. We have two reportable operating segments, measurement solutions and customer support and services. The measurement solutions segment is primarily the hardware and associated software businesses serving the electronic design and test market. The customer support and services segment provides hardware repair and calibration services and facilitates the resale of used instrument equipment. The two operating segments were determined based primarily on how the chief operating decision maker views and evaluates our operations. Operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance. Other factors, including market separation and customer specific applications, go-to-market channels, products and services and manufacturing are considered in determining the formation of these operating segments. A description of our two reportable segments is as follows: Our measurement solutions business provides electronic design and test instruments and systems with related software and software design tools that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment. We provide startup assistance, consulting, optimization and application support throughout the customer's product lifecycle. Our customer support and services business provides hardware repair and calibration services and facilitates the resale of used equipment. Our customer support and services business enables our customers to maximize the value from their electronic design and test equipment and strengthens customer loyalty. Providing these services assures a high level of instrument performance and availability, while minimizing the cost of ownership and downtime. A significant portion of the segments' expenses arise from shared services and infrastructure that we have historically provided to the segments in order to realize economies of scale and to efficiently use resources. These expenses, collectively called corporate charges, include costs of centralized research and development, legal, accounting, real estate, insurance services, information technology services, treasury and other corporate infrastructure expenses. Charges are allocated to the segments, and the allocations have been determined on a basis that we consider to be a reasonable reflection of the utilization of services provided to or benefits received by the segments. The following tables reflect the results of our reportable segments under our management reporting system. These results are not necessarily in conformity with GAAP. The performance of each segment is measured based on several metrics, including income from operations. These results are used, in part, by the chief operating decision maker in evaluating the performance of, and in allocating resources to, each of the segments. The profitability of each of the segments is measured after excluding, among other things, charges related to the amortization of intangibles, the impact of restructuring and related costs, asset impairments, acquisition and integration costs, share-based compensation, separation and related costs, acquisition related fair value adjustments, interest income and interest expense as noted in the reconciliations below. Measurement Solutions Customer Support and Services Total Segments (in millions) Three Months Ended April 30, 2016: Total segment revenue $ 639 $ 96 $ 735 Acquisition related fair value adjustments (4 ) — (4 ) Total net revenue $ 635 $ 96 $ 731 Segment income from operations $ 124 $ 11 $ 135 Three Months Ended April 30, 2015: Total net revenue $ 638 $ 102 $ 740 Segment income from operations $ 136 $ 18 $ 154 Measurement Solutions Customer Support and Services Total Segments (in millions) Six Months Ended April 30, 2016: Total segment revenue $ 1,270 $ 191 $ 1,461 Acquisition related fair value adjustments (9 ) — (9 ) Total net revenue $ 1,261 $ 191 $ 1,452 Segment income from operations $ 240 $ 24 $ 264 Six Months Ended April 30, 2015: Total net revenue $ 1,244 $ 197 $ 1,441 Segment income from operations $ 246 $ 32 $ 278 The following table reconciles reportable segments’ income from operations to our total enterprise income before taxes: Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Total reportable segments' income from operations $ 135 $ 154 $ 264 $ 278 Share-based compensation expense (13 ) (13 ) (29 ) (42 ) Asset impairment — (2 ) — (2 ) Amortization of intangibles (11 ) (2 ) (22 ) (4 ) Acquisition and integration costs (5 ) — (5 ) — Separation and related costs (5 ) (5 ) (10 ) (12 ) Acquisition related fair value adjustments (4 ) — (9 ) — Other (2 ) 1 4 — Interest income — — 1 — Interest expense (12 ) (11 ) (24 ) (23 ) Other income (expense), net 4 — 1 5 Income before taxes, as reported $ 87 $ 122 $ 171 $ 200 The following table presents assets directly managed by each segment. Unallocated assets primarily consist of cash and cash equivalents, investments and other assets. Measurement Solutions Customer Support and Services Total (in millions) Assets: As of April 30, 2016 $ 2,568 $ 267 $ 2,835 As of October 31, 2015 $ 2,531 $ 265 $ 2,796

ACQUISITION OF ANITE (Tables)

ACQUISITION OF ANITE (Tables)	6 Months Ended
	Apr. 30, 2016
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following represents pro forma operating results as if Anite had been included in the company's condensed consolidated statements of operations as of the beginning of fiscal 2014 (in millions, except per share amounts): Three Months Ended April 30, 2015 Six Months Ended April 30, 2015 Net revenue $ 791 $ 1,543 Net income $ 101 $ 170 Net income per share - Basic $ 0.60 $ 1.01 Net income per share - Diluted $ 0.59 $ 0.99

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Apr. 30, 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 Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Cost of products and services $ 4 $ 4 $ 7 $ 8 Research and development 2 2 5 6 Selling, general and administrative 7 7 17 28 Total share-based compensation expense $ 13 $ 13 $ 29 $ 42
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 Six Months Ended April 30, April 30, 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 %

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	6 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
Reconciliation of the numerators and denominators of the basic and diluted net income per share	The following is a reconciliation of the numerator and denominator of the basic and diluted net income per share computations for the periods presented below: Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Numerator: Net income $ 88 $ 96 $ 152 $ 166 Denominator: Basic weighted-average shares 170 169 171 168 Potential common shares— stock options and other employee stock plans 2 2 1 3 Diluted weighted-average shares 172 171 172 171

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Apr. 30, 2016
Inventory, Net [Abstract]
INVENTORY	April 30, October 31, (in millions) Finished goods $ 226 $ 235 Purchased parts and fabricated assemblies 249 252 Total Inventory $ 475 $ 487

GOODWILL AND OTHER INTANGIBLE27

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill balances and movements for each reportable segments during the period	The following table presents goodwill balances and the movements for each of our reportable segments during the six months ended April 30, 2016 : Measurement Solutions Customer Support and Services Total (in millions) Goodwill as of October 31, 2015 $ 637 $ 63 $ 700 Foreign currency translation impact 19 2 21 Goodwill arising from acquisitions 10 — 10 Goodwill as of April 30, 2016 $ 666 $ 65 $ 731
Components of other intangibles during the period	The components of other intangible assets as of April 30, 2016 and October 31, 2015 are shown in the table below: Other Intangible Assets Gross Carrying Amount Accumulated Amortization and Impairments Net Book Value (in millions) As of October 31, 2015: Developed technology $ 305 $ 125 $ 180 Backlog 4 4 — Trademark/Tradename 20 2 18 Customer relationships 64 28 36 Total amortizable intangible assets 393 159 234 In-Process R&D 12 — 12 Total $ 405 $ 159 $ 246 As of April 30, 2016: Developed technology $ 307 $ 142 $ 165 Backlog 4 4 — Trademark/Tradename 20 3 17 Customer relationships 64 32 32 Total amortizable intangible assets 395 181 214 In-Process R&D 12 — 12 Total $ 407 $ 181 $ 226

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Assets And Liabilities Measured On Recurring Basis	Financial assets and liabilities measured at fair value on a recurring basis as of April 30, 2016 and October 31, 2015 were as follows: Fair Value Measurements at April 30, 2016 Fair Value Measurements at October 31, 2015 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (in millions) Assets: Short-term Cash equivalents (money market funds) $ 373 $ 373 $ — $ — $ 295 $ 295 $ — $ — Derivative instruments (foreign exchange contracts) 7 — 7 — 1 — 1 — Long-term Trading securities 11 11 — — 12 12 — — Available-for-sale investments 31 31 — — 41 41 — — Total assets measured at fair value $ 422 $ 415 $ 7 $ — $ 349 $ 348 $ 1 $ — Liabilities: Short-term Derivative instruments (foreign exchange contracts) $ 10 $ — $ 10 $ — $ 10 $ — $ 10 $ — Long-term Deferred compensation liability 11 — 11 — 12 — 12 — Total liabilities measured at fair value $ 21 $ — $ 21 $ — $ 22 $ — $ 22 $ —

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Aggregated notional amounts by currency and designation	The aggregated notional amounts by currency and designation as of April 30, 2016 were as follows: Derivatives in Cash Flow Hedging Relationships Derivatives Not Designated as Hedging Instruments Forward Contracts Option Contracts Forward Contracts Option Contracts Currency Buy/(Sell) Buy/(Sell) Buy/(Sell) Buy/(Sell) (in millions) Euro $ — $ — $ 51 — British Pound — — (34 ) — Singapore Dollar 9 — (4 ) — Malaysian Ringgit 68 — (8 ) — Japanese Yen (67 ) — (60 ) — Other currencies (9 ) — (14 ) — Totals $ 1 $ — $ (69 ) $ —
Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet	Derivative instruments are subject to master netting arrangements and are disclosed gross in the balance sheet in accordance with the authoritative guidance. The gross fair values and balance sheet location of derivative instruments held in the condensed consolidated balance sheet as of April 30, 2016 and October 31, 2015 were as follows: Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Fair Value Fair Value Balance Sheet Location April 30, October 31, Balance Sheet Location April 30, October 31, (in millions) Derivatives designated as hedging instruments: Cash flow hedges Foreign exchange contracts Other current assets $ 5 $ — Other accrued liabilities $ 6 $ 8 Derivatives not designated as hedging instruments: Foreign exchange contracts Other current assets 2 1 Other accrued liabilities 4 2 Total derivatives $ 7 $ 1 $ 10 $ 10
Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations	The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and not designated as hedging instruments in our condensed consolidated statement of operations were as follows: Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Derivatives designated as hedging instruments: Cash Flow Hedges Foreign exchange contracts: Gain (loss) recognized in accumulated other comprehensive income $ (3 ) $ 3 $ (1 ) $ (2 ) Gain (loss) reclassified from accumulated other comprehensive income into cost of sales $ (3 ) $ 1 $ (7 ) $ 2 Derivatives not designated as hedging instruments: Gain (loss) recognized in other income (expense), net $ — $ 2 $ (2 ) $ (4 )

RETIREMENT PLANS AND POST RET30

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)	6 Months Ended
	Apr. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Schedule of net pension and post-retirement benefit costs	For the three and six months ended April 30, 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 April 30, 2016 2015 2016 2015 2016 2015 (in millions) Service cost—benefits earned during the period $ 5 $ 6 $ 4 $ 5 $ — $ 1 Interest cost on benefit obligation 6 5 8 10 2 2 Expected return on plan assets (9 ) (10 ) (18 ) (18 ) (4 ) (3 ) Amortization: Net actuarial losses 2 1 7 7 5 3 Prior service credit (2 ) (1 ) — — (4 ) (6 ) Total periodic benefit cost (benefit) $ 2 $ 1 $ 1 $ 4 $ (1 ) $ (3 ) Pensions U.S. Defined Benefit Plans Non-U.S. Defined Benefit Plans U.S. Post-Retirement Benefit Plan Six Months Ended April 30, 2016 2015 2016 2015 2016 2015 (in millions) Service cost—benefits earned during the period $ 10 $ 11 $ 8 $ 9 $ — $ 1 Interest cost on benefit obligation 12 10 16 21 4 4 Expected return on plan assets (18 ) (19 ) (37 ) (37 ) (7 ) (7 ) Amortization: Net actuarial losses 4 2 14 14 10 6 Prior service credit (4 ) (3 ) — — (8 ) (11 ) Total periodic benefit cost (benefit) $ 4 $ 1 $ 1 $ 7 $ (1 ) $ (7 )

WARRANTY, COMMITMENTS AND CON31

WARRANTY, COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Apr. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Standard warranty	Activity related to the standard warranty accrual, which is included in other accrued and other long-term liabilities in our condensed consolidated balance sheet, is as follows: Six Months Ended April 30, 2016 2015 (in millions) Beginning balance $ 53 $ 51 Accruals for warranties including change in estimate 14 17 Settlements made during the period (16 ) (16 ) Ending balance $ 51 $ 52 Accruals for warranties due within one year $ 33 $ 39 Accruals for warranties due after one year 18 13 Ending balance $ 51 $ 52

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes the components of our long-term debt: April 30, 2016 October 31, 2015 (in millions) 3.30% Senior Notes due 2019 $ 499 $ 499 4.55% Senior Notes due 2024 600 600 Other 1 — Total $ 1,100 $ 1,099

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive loss by component and related tax effects for the three and six months ended April 30, 2016 and 2015 were as follows: Net defined benefit pension cost and post retirement plan costs Unrealized gain on investments Foreign currency translation Actuarial losses Prior service costs Unrealized gains (losses) on derivatives Total (in millions) As of January 31, 2016 $ 15 $ (73 ) $ (499 ) $ 62 $ (2 ) $ (497 ) Other comprehensive income (loss) before reclassifications (1 ) 56 — — (3 ) 52 Amounts reclassified out of accumulated other comprehensive loss — — 14 (7 ) 3 10 Tax (expense) benefit — — (4 ) 2 — (2 ) Other comprehensive income (loss) (1 ) 56 10 (5 ) — 60 As of April 30, 2016 $ 14 $ (17 ) $ (489 ) $ 57 $ (2 ) $ (437 ) As of October 31, 2015 $ 21 $ (48 ) $ (511 ) $ 65 $ (6 ) $ (479 ) Other comprehensive income (loss) before reclassifications (8 ) 31 4 — (1 ) 26 Amounts reclassified out of accumulated other comprehensive loss — — 28 (13 ) 7 22 Tax (expense) benefit 1 — (10 ) 5 (2 ) (6 ) Other comprehensive income (loss) (7 ) 31 22 (8 ) 4 42 As of April 30, 2016 $ 14 $ (17 ) $ (489 ) $ 57 $ (2 ) $ (437 )	Net defined benefit pension cost and post retirement plan costs Unrealized gain on investments Foreign currency translation Actuarial losses Prior service costs Unrealized gains (losses) on derivatives Total (in millions) As of January 31, 2015 $ 16 $ (27 ) $ (436 ) $ 79 $ (1 ) $ (369 ) Other comprehensive income (loss) before reclassifications 9 (1 ) — — 3 11 Amounts reclassified out of accumulated other comprehensive loss — — 11 (7 ) (1 ) 3 Tax (expense) benefit (1 ) — (3 ) 3 (1 ) (2 ) Other comprehensive income (loss) 8 (1 ) 8 (4 ) 1 12 As of April 30, 2015 $ 24 $ (28 ) $ (428 ) $ 75 $ — $ (357 ) As of October 31, 2014 $ 16 $ 6 $ (444 ) $ 83 $ 3 $ (336 ) Other comprehensive income (loss) before reclassifications 9 (34 ) — — (2 ) (27 ) Amounts reclassified out of accumulated other comprehensive loss — — 22 (14 ) (2 ) 6 Tax (expense) benefit (1 ) — (6 ) 6 1 — Other comprehensive income (loss) 8 (34 ) 16 (8 ) (3 ) (21 ) As of April 30, 2015 $ 24 $ (28 ) $ (428 ) $ 75 $ — $ (357 )
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of accumulated other comprehensive loss for the three and six months ended April 30, 2016 and 2015 were as follows: Details about Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in Statement of Operations Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Unrealized gain on derivatives $ (3 ) $ 1 $ (7 ) $ 2 Cost of sales 1 — 2 — Provision for income taxes (2 ) 1 (5 ) 2 Net of income tax Net defined benefit pension cost and post retirement plan costs: Actuarial net loss (14 ) (11 ) (28 ) (22 ) Prior service benefit 7 7 13 14 (7 ) (4 ) (15 ) (8 ) Total before income tax 2 — 5 — Provision for income taxes (5 ) (4 ) (10 ) (8 ) Net of income tax Total reclassifications for the period $ (7 ) $ (3 ) $ (15 ) $ (6 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
Segment Profitability and Segment Assets	Measurement Solutions Customer Support and Services Total Segments (in millions) Three Months Ended April 30, 2016: Total segment revenue $ 639 $ 96 $ 735 Acquisition related fair value adjustments (4 ) — (4 ) Total net revenue $ 635 $ 96 $ 731 Segment income from operations $ 124 $ 11 $ 135 Three Months Ended April 30, 2015: Total net revenue $ 638 $ 102 $ 740 Segment income from operations $ 136 $ 18 $ 154 Measurement Solutions Customer Support and Services Total Segments (in millions) Six Months Ended April 30, 2016: Total segment revenue $ 1,270 $ 191 $ 1,461 Acquisition related fair value adjustments (9 ) — (9 ) Total net revenue $ 1,261 $ 191 $ 1,452 Segment income from operations $ 240 $ 24 $ 264 Six Months Ended April 30, 2015: Total net revenue $ 1,244 $ 197 $ 1,441 Segment income from operations $ 246 $ 32 $ 278 The following table presents assets directly managed by each segment. Unallocated assets primarily consist of cash and cash equivalents, investments and other assets. Measurement Solutions Customer Support and Services Total (in millions) Assets: As of April 30, 2016 $ 2,568 $ 267 $ 2,835 As of October 31, 2015 $ 2,531 $ 265 $ 2,796
Reconciliation of segment results to total enterprise results	The following table reconciles reportable segments’ income from operations to our total enterprise income before taxes: Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 (in millions) Total reportable segments' income from operations $ 135 $ 154 $ 264 $ 278 Share-based compensation expense (13 ) (13 ) (29 ) (42 ) Asset impairment — (2 ) — (2 ) Amortization of intangibles (11 ) (2 ) (22 ) (4 ) Acquisition and integration costs (5 ) — (5 ) — Separation and related costs (5 ) (5 ) (10 ) (12 ) Acquisition related fair value adjustments (4 ) — (9 ) — Other (2 ) 1 4 — Interest income — — 1 — Interest expense (12 ) (11 ) (24 ) (23 ) Other income (expense), net 4 — 1 5 Income before taxes, as reported $ 87 $ 122 $ 171 $ 200

OVERVIEW, BASIS OF PRESENTATI35

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Common Stock [Member]	Oct. 22, 2014shares
Spin off from Agilent [Line Items]
Sale of Stock, Number of Shares Issued in Transaction, Per Two Shares Held	1
Stock Issued During Period, Shares, New Issues	167,000,000

OVERVIEW, BASIS OF PRESENTATI36

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Land Sale (Details) $ in Millions	6 Months Ended
	Apr. 30, 2016USD ($)
Retail Land Sales, Installment Method, Gross Profit, Deferred [Abstract]
Date of Land Sale Agreeement	Apr. 30, 2014
Retail Land Sales, Installment Method, Sales Value	$ 34
Retail Land Sales, Installment Method, Gross Profit	$ 10

OVERVIEW, BASIS OF PRESENTATI37

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Other Operating Expense (Income), Net (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Apr. 30, 2015	Apr. 30, 2015
Accounting Policies [Abstract]
Re-class from Other expense (income),net to Other operating expense (income), net	$ 5	$ 11

OVERVIEW, BASIS OF PRESENTATI38

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Restricted Cash (Details)	Apr. 30, 2016USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	$ 1,500,000

OVERVIEW, BASIS OF PRESENTATI39

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Re-classification (Details) $ in Millions	6 Months Ended
	Apr. 30, 2016USD ($)
Supplemental Income Statement Elements [Abstract]
Product Revenue that was previously classified as Services and Other Revenue	$ 5
Cost of Products that was previously classified as Cost of Services and Others	$ 7

ACQUISITION OF ANITE Pro Forma

ACQUISITION OF ANITE Pro Forma operating results - if acquisition was connsumated (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Apr. 30, 2015	Apr. 30, 2015
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 791	$ 1,543
Business Acquisition, Pro Forma Net Income (Loss)	$ 101	$ 170
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 0.60	$ 1.01
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 0.59	$ 0.99

ACQUISITION OF ANITE (Narrative

ACQUISITION OF ANITE (Narrative) (Details) - USD ($) $ in Millions	Aug. 13, 2015	Feb. 29, 2016	Apr. 30, 2016	Apr. 30, 2016	Aug. 31, 2015
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired					100.00%
Business Acquisition, Name of Acquired Entity	Anite
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		$ 1
Anite [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Aug. 13, 2015
Business Acquisition, Description of Acquired Entity	Anite was a U.K.-based global company with strong software expertise and a leading supplier of wireless test solutions.
Payments to Acquire Business, Net of Cash Acquired	$ 558
Cash Acquired from Acquisition	$ 43
Anite [Member] | Selling, general and administrative
Business Acquisition [Line Items]
Business Combination, Integration Related Costs			$ 4	$ 7

SHARE-BASED COMPENSATION Alloca

SHARE-BASED COMPENSATION Allocated Share-based compensation expense (Details) - USD ($)	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ 0	$ 0
Allocated Share-based Compensation Expense			$ 13,000,000	$ 13,000,000	$ 29,000,000	$ 42,000,000
Cost of products and services
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense			4,000,000	4,000,000	7,000,000	8,000,000
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense			2,000,000	2,000,000	5,000,000	6,000,000
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense			7,000,000	7,000,000	17,000,000	28,000,000
RSU grant vesting in 3 years [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense			$ 2,000,000	$ 1,000,000	$ 3,000,000	$ 15,000,000

SHARE-BASED COMPENSATION Fair V

SHARE-BASED COMPENSATION Fair Value Assumptions (Details) - USD ($) shares in Millions	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP plan purchase price (in hundredths)			85.00%	85.00%	85.00%	85.00%
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0		0
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used					The fair value of employee stock option awards was estimated using the Black-Scholes option pricing model.
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.00%	0.00%	0.00%	1.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			0.00%	0.00%	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate			0.00%	0.00%	0.00%	31.00%
Expected life (in years)			0 years	0 years	0 years	4 years 11 months
LTPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used					Shares granted under the LTP Program were valued using a Monte Carlo simulation model.
Volatility of Keysight shares (in hundredths)			25.00%	26.00%	25.00%	26.00%
Volatility of selected peer-company shares minimum (in hundredths)			14.00%	17.00%	14.00%	17.00%
Volatility of selected peer-company shares maximum (in hundredths)			54.00%	67.00%	54.00%	67.00%
Price-wise correlation with selected peers (in hundredths)			38.00%	38.00%	38.00%	38.00%
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used					The estimated fair value of restricted stock awards is determined based on the market price of Keysight’s common stock on the date of grant.

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Income Tax Examination [Line Items]
Income Tax Holiday, Aggregate Dollar Amount	$ 9		$ 17
Income Tax Expense (Benefit)	$ (1)	$ 26	$ 19	$ 34
Income Tax Holiday, Income Tax Benefits Per Share	$ 0.05		$ 0.10
Foreign Tax Authority [Member]
Income Tax Examination [Line Items]
Income Tax Holiday, Description			Keysight benefits from tax incentives in several jurisdictions, most significantly in Singapore, and several jurisdictions have granted us tax incentives that require renewal at various times in the future. The tax incentives provide lower rates of taxation on certain classes of income and require thresholds of investments and employment or specific types of income in those jurisdictions.
Income Tax Holiday, Termination Date			The Singapore tax incentive is due for renewal in fiscal 2024.
Internal Revenue Service (IRS)
Income Tax Examination [Line Items]
Effective Income Tax Rate Reconciliation, Percent	(1.10%)	21.70%	11.00%	17.20%
Net Discrete Tax expense (Benefit)	$ (3)	$ 3	$ (2)	$ (7)
Income Tax Expense (Benefit)	$ (1)	$ 26	$ 19	$ 34
Majority of company's entities [Member]
Income Tax Examination [Line Items]
Open Tax Year			2,014
Entities retained as part of separation [Member]
Income Tax Examination [Line Items]
Open Tax Year			2,006
Entities acquired [Member]
Income Tax Examination [Line Items]
Open Tax Year			2,006

NET INCOME PER SHARE NET INCOME

NET INCOME PER SHARE NET INCOME PER SHARE - COMPUTATIONS (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Numerator:
Net Income	$ 88	$ 96	$ 152	$ 166
Denominators:
Basic weighted-average shares (in shares)	170	169	171	168
Potentially dilutive common shares equivalents - stock options and other employee stock plans (in shares)	2	2	1	3
Diluted weighted average shares (in shares)	172	171	172	171

NET INCOME PER SHARE (Details)

NET INCOME PER SHARE (Details) - shares	3 Months Ended	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2016
Stock Options [Member]
Antidilutive Securities Excluded from EPS Computation
Antidilutive Securities Excluded from Computation of Earnings Per Share, Number	1,700,000	1,700,000
Stock Options, ESPP, LTPP and restricted stock combined exercise price, unamortized fair value, excess tax benefits or shortfalls greater than average market price [Member] [Member]
Antidilutive Securities Excluded from EPS Computation
Antidilutive Securities Excluded from Computation of Earnings Per Share, Number	30,000	23,100

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Millions	Apr. 30, 2016	Oct. 31, 2015
Inventory, Net [Abstract]
Finished goods	$ 226	$ 235
Purchased parts and fabricated assemblies	249	252
Inventory	$ 475	$ 487

GOODWILL AND OTHER INTANGIBLE48

GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill Roll forward (Details) $ in Millions	6 Months Ended
	Apr. 30, 2016USD ($)
Goodwill [Roll Forward]
Goodwill beginning balance	$ 700
Foreign currency translation impact	21
Additions to goodwill	10
Goodwill ending balance	731
Measurement Solutions
Goodwill [Roll Forward]
Goodwill beginning balance	637
Foreign currency translation impact	19
Additions to goodwill	10
Goodwill ending balance	666
Customer Support and Services
Goodwill [Roll Forward]
Goodwill beginning balance	63
Foreign currency translation impact	2
Additions to goodwill	0
Goodwill ending balance	$ 65

GOODWILL AND OTHER INTANGIBLE49

GOODWILL AND OTHER INTANGIBLE ASSETS Disclosures and Components of Purchased Other Intangibles (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Oct. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 10	$ 2	$ 22	$ 4
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	395		395		$ 393
Accumulated Amortization and Impairments	181		181		159
Finite-Lived Intangible Assets, Net	214		214		234
In-Process R&D	12		12		12
Gross book value	407		407		405
Net Book Value	226		226		246
Developed technology
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	307		307		305
Accumulated Amortization and Impairments	142		142		125
Net Book Value	165		165		180
Backlog
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	4		4		4
Accumulated Amortization and Impairments	4		4		4
Net Book Value	0		0		0
Trademark/Tradename
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	20		20		20
Accumulated Amortization and Impairments	3		3		2
Net Book Value	17		17		18
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	64		64		64
Accumulated Amortization and Impairments	32		32		28
Net Book Value	$ 32		$ 32		$ 36

GOODWILL AND OTHER INTANGIBLE50

GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS Textuals (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Additions to goodwill			$ 10
Additions to other intangible assets			6
Impact to other intangibles due to Translation			4
Amortization of intangible assets	$ 10	$ 2	$ 22	$ 4

GOODWILL AND OTHER INTANGIBLE51

GOODWILL AND OTHER INTANGIBLE ASSETS Finite-Lived Assets Future Amortization Expense (Details) $ in Millions	Apr. 30, 2016USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2016	$ 22
2,017	40
2,018	37
2,019	37
2,020	36
Thereafter	$ 42

FAIR VALUE MEASUREMENTS, Fair v

FAIR VALUE MEASUREMENTS, Fair value of assets and liabilities measured on a recurring basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Apr. 30, 2016	Oct. 31, 2015
Assets Short - term [Abstract]
Cash equivalents (money market funds)	$ 373	$ 295
Derivative instruments (foreign exchange contracts)	7	1
Assets, Long-term [Abstract]
Trading securities	11	12
Available-for-sale investments	31	41
Total assets measured at fair value	422	349
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	10	10
Liabilities Long-term [Abstract]
Deferred compensation liability	11	12
Total liabilities measured at fair value	21	22
Level 1
Assets Short - term [Abstract]
Cash equivalents (money market funds)	373	295
Derivative instruments (foreign exchange contracts)	0	0
Assets, Long-term [Abstract]
Trading securities	11	12
Available-for-sale investments	31	41
Total assets measured at fair value	415	348
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	0	0
Liabilities Long-term [Abstract]
Deferred compensation liability	0	0
Total liabilities measured at fair value	0	0
Level 2
Assets Short - term [Abstract]
Cash equivalents (money market funds)	0	0
Derivative instruments (foreign exchange contracts)	7	1
Assets, Long-term [Abstract]
Trading securities	0	0
Available-for-sale investments	0	0
Total assets measured at fair value	7	1
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	10	10
Liabilities Long-term [Abstract]
Deferred compensation liability	11	12
Total liabilities measured at fair value	21	22
Level 3
Assets Short - term [Abstract]
Cash equivalents (money market funds)	0	0
Derivative instruments (foreign exchange contracts)	0	0
Assets, Long-term [Abstract]
Trading securities	0	0
Available-for-sale investments	0	0
Total assets measured at fair value	0	0
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	0	0
Liabilities Long-term [Abstract]
Deferred compensation liability	0	0
Total liabilities measured at fair value	$ 0	$ 0

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Millions	6 Months Ended
	Apr. 30, 2016USD ($)contracts
Derivative [Line Items]
Cash Flow Hedge Ineffectiveness is Immaterial	not significant
Derivative Instruments and Hedging Activities Disclosure
Derivative, Net Liability Position, Aggregate Fair Value | $	$ 9
Designated as Hedging Instruments | Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held	123
Not Designated as Hedging Instruments | Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held	79
Not Designated as Hedging Instruments | Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held	0

DERIVATIVES, Disclosures and de

DERIVATIVES, Disclosures and derivative instrument aggregated notional amounts by currency and designations (Details) $ in Millions	Apr. 30, 2016USD ($)
Not Designated as Hedging Instruments | Sell | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	$ 69
Not Designated as Hedging Instruments | Sell | British Pound | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	34
Not Designated as Hedging Instruments | Sell | Singapore Dollar | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	4
Not Designated as Hedging Instruments | Sell | Malaysian Ringgit | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	8
Not Designated as Hedging Instruments | Sell | Japanese Yen | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	60
Not Designated as Hedging Instruments | Sell | Other currencies | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	14
Not Designated as Hedging Instruments | Buy | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Not Designated as Hedging Instruments | Buy | Euro | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	51
Not Designated as Hedging Instruments | Buy | Euro | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Not Designated as Hedging Instruments | Buy | British Pound | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Not Designated as Hedging Instruments | Buy | Singapore Dollar | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Not Designated as Hedging Instruments | Buy | Malaysian Ringgit | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Not Designated as Hedging Instruments | Buy | Japanese Yen | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Not Designated as Hedging Instruments | Buy | Other currencies | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Sell | Japanese Yen | Cash Flow Hedging | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	67
Designated as Hedging Instruments | Sell | Other currencies | Cash Flow Hedging | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	9
Designated as Hedging Instruments | Buy | Cash Flow Hedging | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	1
Designated as Hedging Instruments | Buy | Cash Flow Hedging | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | Euro | Cash Flow Hedging | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | Euro | Cash Flow Hedging | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | British Pound | Cash Flow Hedging | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | British Pound | Cash Flow Hedging | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | Singapore Dollar | Cash Flow Hedging | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	9
Designated as Hedging Instruments | Buy | Singapore Dollar | Cash Flow Hedging | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | Malaysian Ringgit | Cash Flow Hedging | Forward Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	68
Designated as Hedging Instruments | Buy | Malaysian Ringgit | Cash Flow Hedging | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | Japanese Yen | Cash Flow Hedging | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	0
Designated as Hedging Instruments | Buy | Other currencies | Cash Flow Hedging | Option Contracts Buy/(Sell)
Derivative [Line Items]
Total notional amount	$ 0

DERIVATIVES, Fair value of deri

DERIVATIVES, Fair value of derivative instruments and Consolidated Balance Sheet location (Details) - USD ($) $ in Millions	Apr. 30, 2016	Oct. 31, 2015
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	$ 7	$ 1
Total derivatives Liabilities	10	10
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Other Current Assets
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	5	0
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Other Current Liabilities [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Liabilities	6	8
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Other Current Assets
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	2	1
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Other Current Liabilities [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Liabilities	$ 4	$ 2

DERIVATIVES, Effect of derivati

DERIVATIVES, Effect of derivative instruments on Consolidated Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Cash Flow Hedging | Cost of products and services
Derivative [Line Items]
Cash Flow Hedge (Gain) Loss to be Reclassified within Twelve Months	$ 2
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Accumulated Other Comprehensive Income (Loss)
Derivative [Line Items]
Gain (loss) recognized in accumulated other comprehensive income	(3)	$ 3	$ (1)	$ (2)
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Cost of products and services
Derivative [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into cost of sales	(3)	1	(7)	2
Not Designated as Hedging Instruments | Other (income) expense, net
Derivative [Line Items]
Gain (loss) recognized in other income (expense),net	$ 0	$ 2	$ (2)	$ (4)

RETIREMENT PLANS AND POST RET57

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
U.S. Defined Benefit Plans
Defined Benefit Plan, Net Periodic Benefit Cost
Service cost—benefits earned during the period	$ 5	$ 6	$ 10	$ 11
Interest cost on benefit obligation	6	5	12	10
Expected return on plan assets	(9)	(10)	(18)	(19)
Amortization:
Net actuarial losses	2	1	4	2
Prior service credit	(2)	(1)	(4)	(3)
Total periodic benefit cost (benefit)	2	1	4	1
Non-U.S. Defined Benefit Plans
Defined Benefit Plan, Net Periodic Benefit Cost
Service cost—benefits earned during the period	4	5	8	9
Interest cost on benefit obligation	8	10	16	21
Expected return on plan assets	(18)	(18)	(37)	(37)
Amortization:
Net actuarial losses	7	7	14	14
Prior service credit	0	0	0	0
Total periodic benefit cost (benefit)	1	4	1	7
U.S. Post-Retirement Benefit Plan
Defined Benefit Plan, Net Periodic Benefit Cost
Service cost—benefits earned during the period	0	1	0	1
Interest cost on benefit obligation	2	2	4	4
Expected return on plan assets	(4)	(3)	(7)	(7)
Amortization:
Net actuarial losses	5	3	10	6
Prior service credit	(4)	(6)	(8)	(11)
Total periodic benefit cost (benefit)	$ (1)	$ (3)	$ (1)	$ (7)

RETIREMENT PLANS AND POST RET58

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Details) (Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
U.S. Defined Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in remainder of current fiscal year			$ 0
Non-U.S. Defined Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	$ 9	$ 11	19	$ 25
Estimated future employer contributions in remainder of current fiscal year			$ 19

WARRANTIES AND CONTINGENCIES (D

WARRANTIES AND CONTINGENCIES (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance at beginning of period	$ 53	$ 51
Accruals for warranties including change in estimate	14	17
Settlements made during the period	(16)	(16)
Ending balance at end of period	51	52
Standard Product Warranty Disclosure [Abstract]
Accruals for warranties due within one year	33	39
Accruals for warranties due after one year	18	13
Ending balance at end of period	$ 51	$ 52

DEBT Credit Facility (Details)

DEBT Credit Facility (Details)	6 Months Ended
	Apr. 30, 2016USD ($)	Apr. 30, 2016GBP (£)	Oct. 31, 2015USD ($)	Jul. 21, 2015USD ($)
Unsecured Credit facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Borrowing Capacity, Description	On September 15, 2014, we entered into a five year credit agreement, which provides for a $300 million unsecured credit facility that will expire on November 1, 2019. On July 21, 2015, the total amount available under the credit facility was increased to $450 million.
Line of Credit Facility, Initiation Date	Sep. 15, 2014
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000,000
Line of Credit Facility, Expiration Date	Nov. 1, 2019
Line of Credit Facility, Accession Agreement Date	Jul. 21, 2015
Line of Credit Facility, Current Borrowing Capacity	$ 450,000,000
Line of Credit Facility, Revised Maximum Borrowing Capacity				$ 450,000,000
Line of Credit Facility, Outstanding	$ 0
Bank Overdrafts [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | £		£ 25,000,000
Line of Credit Facility, Expiration Date	Jul. 31, 2016
Line of Credit Facility, Outstanding	$ 0
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Outstanding	$ 16,000,000		$ 19,000,000

DEBT Long Term Debt (Details)

DEBT Long Term Debt (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	May. 31, 2016	Apr. 30, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		$ 1,100	$ 1,099
Long Term Debt Fair Value below Carrying Value		(7)	8
3.30% Senior Notes due 2019
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		499	499
4.55% Senior Notes due 2024
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		600	600
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		$ 1	$ 0
Subsequent Event [Member] | Other Debt Obligations [Member]
Debt Instrument [Line Items]
Other Long-term Debt from acquisition	$ 1

STOCKHOLDER'S EQUITY - Accumula

STOCKHOLDER'S EQUITY - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (497)	$ (369)	$ (479)	$ (336)
OCI, before Reclassifications, before Tax, Attributable to Parent	52	11	26	(27)
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	10	3	22	6
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	(2)	(2)	(6)	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	60	12	42	(21)
Ending balance	(437)	(357)	(437)	(357)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	15	16	21	16
OCI, before Reclassifications, before Tax, Attributable to Parent	(1)	9	(8)	9
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	0	0	0	0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	0	(1)	1	(1)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(1)	8	(7)	8
Ending balance	14	24	14	24
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(73)	(27)	(48)	6
OCI, before Reclassifications, before Tax, Attributable to Parent	56	(1)	31	(34)
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	0	0	0	0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	0	0	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	56	(1)	31	(34)
Ending balance	(17)	(28)	(17)	(28)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(499)	(436)	(511)	(444)
OCI, before Reclassifications, before Tax, Attributable to Parent	0	0	4	0
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	14	11	28	22
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	(4)	(3)	(10)	(6)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	10	8	22	16
Ending balance	(489)	(428)	(489)	(428)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	62	79	65	83
OCI, before Reclassifications, before Tax, Attributable to Parent	0	0	0	0
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	(7)	(7)	(13)	(14)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	2	3	5	6
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(5)	(4)	(8)	(8)
Ending balance	57	(75)	57	(75)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(2)	(1)	(6)	3
OCI, before Reclassifications, before Tax, Attributable to Parent	(3)	3	(1)	(2)
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	3	(1)	7	(2)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	0	(1)	(2)	1
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	0	1	4	(3)
Ending balance	$ (2)	$ 0	$ (2)	$ 0

STOCKHOLDERS' EQUITY - Reclassi

STOCKHOLDERS' EQUITY - Reclassifications out of accumulated comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods Sold	$ 263	$ 264	$ 530	$ 524
Income Tax Expense (Benefit)	1	(26)	(19)	(34)
Net Income	88	96	152	166
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	87	122	171	200
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net Income	(7)	(3)	(15)	(6)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods Sold	(3)	1	(7)	2
Income Tax Expense (Benefit)	1	0	2	0
Net Income	(2)	1	(5)	2
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	(14)	(11)	(28)	(22)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	7	7	13	14
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income Tax Expense (Benefit)	2	0	5	0
Net Income	(5)	(4)	(10)	(8)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	$ (7)	$ (4)	$ (15)	$ (8)

STOCKHOLDERS' EQUITY Stock Repu

STOCKHOLDERS' EQUITY Stock Repurchase (Details) - USD ($) shares in Thousands, $ in Millions	6 Months Ended
	Apr. 30, 2016	Feb. 18, 2016
Treasury Stock Transactions, Excluding Value of Shares Reissued [Abstract]
Stock Repurchase Program, Authorized Amount		$ 200
Treasury Stock, Value, Acquired, Cost Method	$ 42
Treasury Stock, Shares, Acquired	1,600

SEGMENT INFORMATION Profitabili

SEGMENT INFORMATION Profitability (Details) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016USD ($)	Apr. 30, 2015USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments	2
Number of Reportable Segments	2
Business Combination Acquisition Related Fair Value Adjustments	$ (4)	$ 0	$ (9)	$ 0
Total net revenue	731	740	1,452	1,441
Segment income from operations	95	133	193	220
Measurement Solutions
Segment Reporting Information [Line Items]
Revenues	639		1,270
Business Combination Acquisition Related Fair Value Adjustments	(4)		(9)
Total net revenue	635	638	1,261	1,244
Segment income from operations	124	136	240	246
Customer Support and Services
Segment Reporting Information [Line Items]
Revenues	96		191
Business Combination Acquisition Related Fair Value Adjustments	0		0
Total net revenue	96	102	191	197
Segment income from operations	11	18	24	32
Total
Segment Reporting Information [Line Items]
Revenues	735		1,461
Business Combination Acquisition Related Fair Value Adjustments	(4)		(9)
Total net revenue	731	740	1,452	1,441
Segment income from operations	$ 135	$ 154	$ 264	$ 278

SEGMENT INFORMATION Reconciliat

SEGMENT INFORMATION Reconciliation of Reportable Results (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Total reportable segments' income from operations	$ 135	$ 154	$ 264	$ 278
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	(13)	(13)	(29)	(42)
Asset Impairment Charges	0	(2)	0	(2)
Business Combination Acquisition Related Fair Value Adjustments	(4)	0	(9)	0
Amortization of Intangibles and Other	(11)	(2)	(22)	(4)
Acquisition and integration costs	(5)	0	(5)	0
Separation and related costs	(5)	(5)	(10)	(12)
Segment Reporting Other reconciling items for operating profit loss segment to consolidated	(2)	1	4	0
Investment Income, Nonoperating	0	0	1	0
Interest expense	(12)	(11)	(24)	(23)
Other Nonoperating Gains (Losses)	4	0	1	5
Income before taxes, as reported	$ 87	$ 122	$ 171	$ 200

SEGMENT INFORMATION Segment Ass

SEGMENT INFORMATION Segment Assets (Details) - USD ($) $ in Millions	Apr. 30, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Assets	$ 3,655	$ 3,508
Measurement Solutions
Segment Reporting Information [Line Items]
Assets	2,568	2,531
Customer Support and Services
Segment Reporting Information [Line Items]
Assets	267	265
Total
Segment Reporting Information [Line Items]
Assets	$ 2,835	$ 2,796