XML 22 R11.htm IDEA: XBRL DOCUMENT v3.25.1
REVENUE (Notes)
 6 Months Ended
Apr. 30, 2024
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, Communications Solutions Group (“CSG”) and Electronics Industrial Solutions Group (“EISG”).
Three Months Ended
April 30,
20252024
CSGEISGTotalCSGEISGTotal
 (in millions)
Region
Americas$408 $102 $510 $397 $95 $492 
Europe128 95 223 127 101 228 
Asia Pacific377 196 573 316 180 496 
Total revenue$913 $393 $1,306 $840 $376 $1,216 
End Market
Aerospace, Defense & Government$301 $— $301 $277 $— $277 
Commercial Communications612 — 612 563 — 563 
Electronic Industrial— 393 393 — 376 376 
Total revenue$913 $393 $1,306 $840 $376 $1,216 
Timing of Revenue Recognition
Revenue recognized at a point in time$730 $326 $1,056 $658 $307 $965 
Revenue recognized over time183 67 250 182 69 251 
Total revenue$913 $393 $1,306 $840 $376 $1,216 
Six Months Ended
April 30,
20252024
CSGEISGTotalCSGEISGTotal
 (in millions)
Region
Americas$856 $205 $1,061 $814 $192 $1,006 
Europe265 217 482 259 224 483 
Asia Pacific675 386 1,061 606 380 986 
Total revenue$1,796 $808 $2,604 $1,679 $796 $2,475 
End Market
Aerospace, Defense & Government$612 $— $612 $572 $— $572 
Commercial Communications1,184 — 1,184 1,107 — 1,107 
Electronic Industrial— 808 808 — 796 796 
Total revenue$1,796 $808 $2,604 $1,679 $796 $2,475 
Timing of Revenue Recognition
Revenue recognized at a point in time$1,430 $672 $2,102 $1,312 $653 $1,965 
Revenue recognized over time366 136 502 367 143 510 
Total revenue$1,796 $808 $2,604 $1,679 $796 $2,475 
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 $97 million and $88 million as of April 30, 2025 and October 31, 2024, 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 $36 million and $35 million as of April 30, 2025 and October 31, 2024, 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 $15 million and $29 million for the three and six months ended April 30, 2025, respectively, and $14 million and $30 million 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, 2025
(in millions)
Balance at October 31, 2024$767 
Deferral of revenue billed in current period, net of recognition397 
Revenue recognized that was deferred as of the beginning of the period(343)
Foreign currency translation impact9 
Balance at April 30, 2025$830 
Of the $343 million of revenue recognized in the six months ended April 30, 2025 that was deferred as of the beginning of the period, approximately $139 million was recognized in the three months ended April 30, 2025.
Remaining Performance Obligations
Our expected remaining performance obligations, excluding contracts that have an original expected duration of one year or less, was approximately $557 million as of April 30, 2025, and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. As of April 30, 2025, we expect to fulfill 36 percent of these remaining performance obligations during the remainder of 2025, 37 percent during 2026, and 27 percent thereafter.