v3.26.1
REVENUE (Notes)
 6 Months Ended
Apr. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
3.    REVENUE
Disaggregation of Revenue
We disaggregate our revenue from contracts with customers by geographic region, end market, and timing of revenue recognition, as we believe these categories best depict how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. Disaggregated revenue is presented for each of our reportable segments, CSG and EISG.
Three Months Ended
April 30,
20262025
CSGEISGTotalCSGEISGTotal
 (in millions)
Region
Americas$544 $100 $644 $408 $102 $510 
Europe189 139 328 128 95 223 
Asia Pacific498 247 745 377 196 573 
Total revenue$1,231 $486 $1,717 $913 $393 $1,306 
End Market
Aerospace, Defense & Government$373 $— $373 $301 $— $301 
Commercial Communications858 — 858 612 — 612 
Electronic Industrial— 486 486 — 393 393 
Total revenue$1,231 $486 $1,717 $913 $393 $1,306 
Timing of Revenue Recognition
Revenue recognized at a point in time$1,011 $417 $1,428 $730 $326 $1,056 
Revenue recognized over time220 69 289 183 67 250 
Total revenue$1,231 $486 $1,717 $913 $393 $1,306 
Six Months Ended
April 30,
20262025
CSGEISGTotalCSGEISGTotal
 (in millions)
Region
Americas$1,133 $191 $1,324 $856 $205 $1,061 
Europe355 301 656 265 217 482 
Asia Pacific867 470 1,337 675 386 1,061 
Total revenue$2,355 $962 $3,317 $1,796 $808 $2,604 
End Market
Aerospace, Defense & Government$739 $— $739 $612 $— $612 
Commercial Communications1,616 — 1,616 1,184 — 1,184 
Electronic Industrial— 962 962 — 808 808 
Total revenue$2,355 $962 $3,317 $1,796 $808 $2,604 
Timing of Revenue Recognition
Revenue recognized at a point in time$1,918 $817 $2,735 $1,430 $672 $2,102 
Revenue recognized over time437 145 582 366 136 502 
Total revenue$2,355 $962 $3,317 $1,796 $808 $2,604 
Contract Balances
Contract assets
Contract assets consist of unbilled receivables that are recorded when revenue is recognized in advance of scheduled billings to our customers. These amounts are primarily related to solutions and support arrangements when transfer of control has occurred, but we have not yet invoiced. The contract assets balance was $138 million and $125 million as of April 30, 2026 and October 31, 2025, respectively, and is included in “accounts receivables, net” and “other assets” in the condensed consolidated balance sheet.
Contract costs
We capitalize costs incurred to acquire contracts for which the associated revenue is expected to be recognized in future periods. We have determined that certain employee and third-party representative commission programs meet the requirements to be capitalized. These costs are initially deferred and typically amortized over the term of the customer contract, which corresponds to the period of benefit. Capitalized contract costs were $44 million as of April 30, 2026 and October 31, 2025, and are included in “other current assets” and “other assets” in the condensed consolidated balance sheet. The amortization expense associated with these capitalized costs was $22 million and $44 million for the three and six months ended April 30, 2026, respectively, and $15 million and $29 million, respectively, for the corresponding periods last year.
Contract liabilities
Our contract liabilities consist of deferred revenue that arises when we receive consideration in advance of providing the goods or services promised in the contract. Contract liabilities are primarily generated from customer deposits received in advance of shipments for products or rendering of services and are recognized as revenue when products are shipped or services are provided to the customer. We classify deferred revenue as current or non-current based on the timing of when we expect to recognize revenue.
The following table provides a roll-forward of our contract liabilities, current and non-current:
Six Months Ended
April 30, 2026
(in millions)
Balance at October 31, 2025$884 
Deferral of revenue billed in current period, net of recognition500 
Deferred revenue arising out of acquisitions5 
Revenue recognized that was deferred as of the beginning of the period(403)
Foreign currency translation impact2 
Balance at April 30, 2026$988 
Revenue recognized from contract liabilities was $167 million and $403 million, respectively, for the three and six months ended April 30, 2026, based on balances at October 31, 2025, and was $139 million and $343 million, respectively, for the same periods last year, based on balances at October 31, 2024.
Remaining Performance Obligations
Our expected remaining performance obligations, excluding contracts that have an original expected duration of one year or less, was approximately $660 million as of April 30, 2026 and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. As of April 30, 2026, we expect to fulfill 33 percent of these remaining performance obligations during the remainder of 2026, 38 percent during 2027, and 29 percent thereafter.