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NORTHERN CALIFORNIA WILDFIRES IMPACT (Notes)
12 Months Ended
Oct. 31, 2019
Unusual or Infrequent Items, or Both [Abstract]  
Unusual or Infrequent Items, or Both, Disclosure [Text Block]
IMPACT OF NORTHERN CALIFORNIA WILDFIRES
During the week of October 8, 2017, wildfires in northern California adversely impacted the Keysight corporate headquarters site in Santa Rosa, CA. While direct damage to our core facilities was limited, our buildings did experience some smoke and other fire-related impacts. Keysight is insured for the damage caused by the fire.
For the years ended October 31, 2019, 2018 and 2017, we recognized operating expenses of $3 million, $97 million and $18 million, respectively, offset by $3 million, $90 million and $2 million, respectively, of expected insurance recoveries. Expenses were primarily for cleaning and restoration activities, write-off of damaged fixed assets and other direct costs related to recovery from this event.
In 2019 and 2018, we received insurance proceeds of $22 million and $68 million, respectively, which has substantially covered our total fire-related expenses in excess of our $10 million self-insured retention amount. At October 31, 2019, we had a receivable of $5 million for losses and expenses for which insurance reimbursement is probable. The receivable is included in other current assets in the consolidated balance sheet.
In addition, in 2019 and 2018, we made investments in property, plant and equipment related to fire recovery of $7 million and $27 million, respectively, that are expected to be covered by insurance.
Subsequent to October 31, 2019, we received $37 million of insurance proceeds for replacement of capital and recovery of fire-related expenses. These proceeds will result in an other operating gain of approximately $32 million in the first quarter of fiscal 2020. No additional insurance proceeds or material expenses related to the 2017 northern California wildfires are expected.