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INCOME TAXES
6 Months Ended
Apr. 30, 2016
INCOME TAXES  
INCOME TAXES

 

(8)The Company’s unrecognized tax benefits at April 30, 2016 were $211 million, compared to $229 million at October 31, 2015. The liability at April 30, 2016 consisted of approximately $75 million, which would affect the effective tax rate if it was recognized. The remaining liability was related to tax positions for which there are offsetting tax receivables, or the uncertainty was only related to timing. The changes in the unrecognized tax benefits for the first six months of 2016 were not significant. The Company expects that any reasonably possible change in the amounts of unrecognized tax benefits in the next 12 months would not be significant.