v3.26.1
REVENUE (Notes)
 9 Months Ended
Jul. 31, 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
July 31,
20262025
CSGEISGTotalCSGEISGTotal
(in millions)
Region
Americas$624 $105 $729 $466 $100 $566 
Europe175 132 307 120 97 217 
Asia Pacific546 264 810 354 215 569 
Total revenue$1,345 $501 $1,846 $940 $412 $1,352 
End Market
Aerospace, Defense & Government$339 $— $339 $296 $— $296 
Commercial Communications1,006 — 1,006 644 — 644 
Electronic Industrial— 501 501 — 412 412 
Total revenue$1,345 $501 $1,846 $940 $412 $1,352 
Timing of Revenue Recognition
Revenue recognized at a point in time$1,111 $427 $1,538 $746 $341 $1,087 
Revenue recognized over time234 74 308 194 71 265 
Total revenue$1,345 $501 $1,846 $940 $412 $1,352 
Nine Months Ended
July 31,
20262025
CSGEISGTotalCSGEISGTotal
(in millions)
Region
Americas$1,757 $296 $2,053 $1,322 $305 $1,627 
Europe530 433 963 385 314 699 
Asia Pacific1,413 734 2,147 1,029 601 1,630 
Total revenue$3,700 $1,463 $5,163 $2,736 $1,220 $3,956 
End Market
Aerospace, Defense & Government$1,078 $— $1,078 $908 $— $908 
Commercial Communications2,622 — 2,622 1,828 — 1,828 
Electronic Industrial— 1,463 1,463 — 1,220 1,220 
Total revenue$3,700 $1,463 $5,163 $2,736 $1,220 $3,956 
Timing of Revenue Recognition
Revenue recognized at a point in time$3,029 $1,244 $4,273 $2,176 $1,013 $3,189 
Revenue recognized over time671 219 890 560 207 767 
Total revenue$3,700 $1,463 $5,163 $2,736 $1,220 $3,956 
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 $167 million and $125 million as of July 31, 2026 and October 31, 2025, respectively, and is included in “accounts receivable, 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 $46 million and $44 million as of July 31, 2026 and October 31, 2025, respectively, 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 $20 million and $65 million for the three and nine months ended July 31, 2026, respectively, and $17 million and $46 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:
Nine Months Ended
July 31, 2026
(in millions)
Balance at October 31, 2025$884 
Deferral of revenue billed in current period, net of recognition585 
Deferred revenue arising out of acquisitions6 
Revenue recognized that was deferred as of the beginning of the period(515)
Foreign currency translation impact(3)
Balance at July 31, 2026$957 
Revenue recognized from contract liabilities for the three and nine months ended July 31, 2026 was $112 million and $515 million, respectively, based on balances at October 31, 2025, and for the three and nine months ended July 31, 2025 was $103 million and $446 million, respectively, 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 $616 million as of July 31, 2026 and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. As of July 31, 2026, we expect to fulfill 21 percent of these remaining performance obligations during the remainder of 2026, 43 percent during 2027, and 36 percent thereafter.