SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Apr. 30, 2016
Share-based Compensation [Abstract]  
Allocated Share-based compensation expense disclosure
The impact on our results for share-based compensation was as follows:
 

Three Months Ended

Six Months Ended

April 30,

April 30,
 
2016

2015

2016

2015
 
(in millions)
Cost of products and services
$
3


$
2


$
9

 
$
7

Research and development
1


1


3

 
3

Selling, general and administrative
10


9


25

 
24

Total share-based compensation expense
$
14

 
$
12

 
$
37

 
$
34

 
Assumptions used to estimate fair value for stock options and LTPP
The following assumptions were used to estimate the fair value of the options and LTPP grants.
 
 
Three Months Ended
 
Six Months Ended
 
April 30,
 
April 30,
 
2016
 
2015
 
2016
 
2015
Stock Option Plans:
 
 
 
 
 

 
 

Weighted average risk-free interest rate
—
 
1.5%
 
—

 
1.7
%
Dividend yield
—
 
1%
 
—

 
1
%
Weighted average volatility
—
 
29%
 
—

 
28
%
Expected life
—
 
5.5yrs
 
—

 
5.5yrs

LTPP:
 
 
 
 
 
 
 
Volatility of Agilent shares
24%
 
25%
 
24
%
 
25
%
Volatility of selected peer-company shares
14%-50%
 
12%-57%
 
14%-50%

 
12%-57%

Price-wise correlation with selected peers
35%
 
37%
 
35
%
 
37
%