ACQUISITIONS (Tables)

6 Months Ended

Apr. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combination, Recognized Asset Acquired and Liability Assumed

The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date:


	October 15. 2025
	(in millions)
Cash and cash equivalents	$	127
Inventory	36
Accounts receivable	71
Assets held for sale	433
Other current assets	25
Property, plant and equipment	24
Operating lease right-of-use assets	11

Other intangible assets	528
Other assets	8
Total assets acquired	1,263
Accounts payable	(13)
Employee compensation and benefits	(44)
Deferred revenue	(44)
Operating lease liabilities	(4)
Liabilities held for sale	(34)
Other accrued liabilities	(69)

Long-term deferred revenue	(14)
Long-term operating lease liabilities	(9)
Other long-term liabilities	(181)
Net assets acquired	851
Goodwill	713
Total consideration	$	1,564

The following table summarizes the allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date:


	October 17, 2025
	(in millions)
Accounts receivable	$	15
Other current assets	1
Property, plant and equipment	1
Operating lease right-of-use assets	2

Other intangible assets	276
Total assets acquired	295

Deferred revenue	(9)


Operating lease liabilities	(1)


Long-term deferred revenue	(1)
Long-term operating lease liabilities	(1)

Net assets acquired	283
Goodwill	297
Total consideration	$	580

Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived

The components of intangible assets acquired in connection with the Spirent acquisition were as follows:


	Estimated Fair Value		Estimated useful life	Valuation Method
	(in millions)		(in years)
Developed technology	$	370	6	Relief from royalty
Customer relationships	145		8	Multi-period excess earnings
Backlog	9		1	Multi-period excess earnings
Trademark/Tradename	4		1	Relief from royalty


Total intangible assets	$	528

The components of intangible assets acquired in connection with the OSG acquisition were as follows:


	Estimated Fair Value		Estimated useful life	Valuation Method
	(in millions)		(in years)
Developed technology	$	183	6	Relief from royalty
Customer relationships	86		8	Multi-period excess earnings
Backlog	1		2	Multi-period excess earnings
Trademark/Tradename	1		1	Relief from royalty
Total amortizable intangible assets	271
In-process research and development	5			Relief from royalty
Total intangible assets	$	276

Business Combination

Total purchase consideration was determined as follows:


	(in millions)
Cash consideration, net of cash acquired, outstanding awards, and currency impact	$	1,415
Consideration for share-based awards	14
Cash and cash equivalents assumed upon acquisition	127
Currency impact	8
Total consideration	$	1,564

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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