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

 
Years Ended October 31,
 
2016
 
2015
 
2014
 
(in millions)
Cost of products and services
$
14

 
$
11

 
$
13

Research and development
6

 
5

 
7

Selling, general and administrative
40

 
39

 
39

Share-based compensation expense in continuing operations
60

 
55

 
59

Share-based compensation expense in discontinued operations

 

 
39

Total share-based compensation expense
$
60

 
$
55

 
$
98

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 LTPP grants.

 
 
Years Ended October 31,
 
 
2016
 
2015
 
2014
Stock Option Plans:
 
 
 
 
 
 
Weighted average risk-free interest rate
 
 
1.75%
 
1.69%
Dividend yield
 
 
1%
 
1%
Weighted average volatility
 
 
28%
 
39%
Expected life
 
 
5.5 years
 
5.8 years
LTPP:
 
 
 
 
 
 
Volatility of Agilent shares
 
24%
 
25%
 
36%
Volatility of selected peer-company shares
 
14%-50%
 
12%-57%
 
13%-57%
Price-wise correlation with selected peers
 
35%
 
37%
 
47%
Summary of stock option award activity
The following table summarizes employee stock option award activity of our employees and directors for 2016.

 
Options
Outstanding
 
Weighted
Average
Exercise Price
 
(in thousands)
 
 
Outstanding at October 31, 2015
5,712

 
$
31

Granted

 
$

Exercised
(1,547
)
 
$
25

Cancelled/Forfeited/Expired
(59
)
 
$
33

Outstanding at October 31, 2016
4,106

 
$
33



Forfeited and expired options from total cancellations in 2016 were as follows:

 
Options
Cancelled
 
Weighted
Average
Exercise Price
 
(in thousands)
 
 
Forfeited
31

 
$
38

Expired
28

 
$
28

Total Options Cancelled during 2016
59

 
$
33

Schedule of share-based compensation, shares authorized under stock option plans, by exercise price range
The options outstanding and exercisable for equity share-based payment awards at October 31, 2016 were as follows:

 
Options Outstanding
 
Options Exercisable
Range of
Exercise Prices
Number
Outstanding
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
 
Number
Exercisable
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
 
(in thousands)
 
(in years)
 
 
 
(in thousands)
 
(in thousands)
 
(in years)
 
 
 
(in thousands)
$0 - 25
361

 
2.4
 
$
18

 
$
9,268

 
361

 
2.4
 
$
18

 
$
9,268

$25.01 - 30
1,633

 
5.0
 
$
26

 
28,095

 
1,324

 
4.7
 
$
26

 
22,741

$30.01 - 40
898

 
7.1
 
$
39

 
3,995

 
439

 
7.1
 
$
39

 
1,957

$40.01 - over
1,214

 
8.0
 
$
41

 
3,259

 
302

 
8.0
 
$
41

 
815

 
4,106

 
6.1
 
$
33

 
$
44,617

 
2,426

 
5.2
 
$
29

 
$
34,781

Schedule of intrinsic value of options exercised and the fair value of options granted
The following table summarizes the aggregate intrinsic value of options exercised and the fair value of options granted in 2016, 2015 and 2014:

 
Aggregate
Intrinsic Value
 
Weighted
Average
Exercise
Price
 
Per Share Value Using
Black-Scholes
Model
 
(in thousands)
 
 
 
 
Options exercised in fiscal 2014
$
98,075

 
$
30

 
 

Black-Scholes per share value of options granted during fiscal 2014
 

 
 

 
$
19

Options exercised in fiscal 2015
$
33,258

 
$
24

 
 

Black-Scholes per share value of options granted during fiscal 2015
 

 
 

 
$
11

Options exercised in fiscal 2016
$
26,913

 
$
25

 
 

Black-Scholes per share value of options granted during fiscal 2016
 

 
 

 
$

Non-vested award activity disclosure
The following table summarizes non-vested award activity in 2016 primarily for our LTPP and restricted stock unit awards.
 
Shares
 
Weighted
Average
Grant Price
 
(in thousands)
 
 
Non-vested at October 31, 2015
2,417

 
$
36

Granted
1,732

 
$
40

Vested
(607
)
 
$
35

Forfeited
(94
)
 
$
39

Change in LTPP shares in the year due to not meeting performance conditions
(386
)
 
$
28

Non-vested at October 31, 2016
3,062

 
$
40