REVENUE (Notes)

9 Months Ended

Jul. 31, 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, the Communications Solutions Group (“CSG”) and the Electronics Industrial Solutions Group (“EISG”).

	Three Months Ended
	July 31,
	2025						2024
	CSG		EISG		Total		CSG		EISG		Total
	(in millions)
Region
Americas	$	466	$	100	$	566	$	402	$	98	$	500
Europe	120		97		217		125		96		221
Asia Pacific	354		215		569		320		176		496
Total revenue	$	940	$	412	$	1,352	$	847	$	370	$	1,217
End Market
Aerospace, Defense & Government	$	296	$	—	$	296	$	275	$	—	$	275
Commercial Communications	644		—		644		572		—		572
Electronic Industrial	—		412		412		—		370		370
Total revenue	$	940	$	412	$	1,352	$	847	$	370	$	1,217
Timing of Revenue Recognition
Revenue recognized at a point in time	$	746	$	341	$	1,087	$	660	$	298	$	958
Revenue recognized over time	194		71		265		187		72		259
Total revenue	$	940	$	412	$	1,352	$	847	$	370	$	1,217

	Nine Months Ended
	July 31,
	2025						2024
	CSG		EISG		Total		CSG		EISG		Total
	(in millions)
Region
Americas	$	1,322	$	305	$	1,627	$	1,216	$	290	$	1,506
Europe	385		314		699		384		320		704
Asia Pacific	1,029		601		1,630		926		556		1,482
Total revenue	$	2,736	$	1,220	$	3,956	$	2,526	$	1,166	$	3,692
End Market
Aerospace, Defense & Government	$	908	$	—	$	908	$	847	$	—	$	847
Commercial Communications	1,828		—		1,828		1,679		—		1,679
Electronic Industrial	—		1,220		1,220		—		1,166		1,166
Total revenue	$	2,736	$	1,220	$	3,956	$	2,526	$	1,166	$	3,692
Timing of Revenue Recognition
Revenue recognized at a point in time	$	2,176	$	1,013	$	3,189	$	1,972	$	951	$	2,923
Revenue recognized over time	560		207		767		554		215		769
Total revenue	$	2,736	$	1,220	$	3,956	$	2,526	$	1,166	$	3,692

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 $96 million and $88 million as of July 31, 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 $37 million and $35 million as of July 31, 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 $17 million and $46 million for the three and nine months ended July 31, 2025, respectively, and $13 million and $43 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:

	Nine Months Ended
	July 31, 2025
	(in millions)
Balance at October 31, 2024	$	767
Deferral of revenue billed in current period, net of recognition	434
Revenue recognized that was deferred as of the beginning of the period	(446)
Foreign currency translation impact	10
Balance at July 31, 2025	$	765

For the three and nine months ended July 31, 2025, revenue recognized that was included in the contract liability balance at October 31, 2024 was $103 million and $446 million, respectively. For the three and nine months ended July 31, 2024, revenue recognized that was included in the contract liability balance at October 31, 2023 was $105 million and $475 million, respectively.

Remaining Performance Obligations

Our expected remaining performance obligations, excluding contracts that have an original expected duration of one year or less, was approximately $529 million as of July 31, 2025, and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. As of July 31, 2025, we expect to fulfill 22 percent of these remaining performance obligations during the remainder of 2025, 43 percent during 2026, and 35 percent thereafter.