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NORTHERN CALIFORNIA WILDFIRES IMPACT (Notes) | 6 Months Ended
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Apr. 30, 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. Our headquarters was under mandatory evacuation for more than three weeks, and while direct damage to our core facilities was limited, our buildings did experience some smoke and other fire-related impacts. Cleaning and restoration efforts are largely complete, and we have fully re-occupied the site. Keysight is insured for the damage caused by the fire. For the three and six months ended April 30, 2019, we recognized immaterial costs, net of expected insurance recoveries. For the three and six months ended April 30, 2018, we recognized costs of zero and $7 million, respectively, net of $32 million and $63 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. For the six months ended April 30, 2019 and 2018, we received insurance proceeds of $22 million and $40 million, respectively, for covered expenses incurred. Combined with $68 million received in fiscal 2018, we have received insurance proceeds related to recovery from the northern California wildfires of $90 million to date, which has substantially covered our total fire-related expenses in excess of our $10 million self-insured retention amount. In addition, for the six months ended April 30, 2019 and 2018, we made investments in property, plant and equipment related to fire recovery of $7 million and $9 million, respectively. Combined with capital expenditures of $27 million in fiscal 2018, we have made investments in property, plant and equipment related to fire recovery of $34 million to date that are expected to be covered by insurance. We currently estimate additional insurance proceeds of $30 million to $40 million in fiscal 2019. In certain cases, our insurance coverage exceeds the amount of the covered losses, but no gain contingencies have been recognized as our ability to realize those gains remains uncertain for financial reporting purposes. There may be a difference in timing of costs incurred and the related insurance reimbursement.

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- Definition The entire disclosure for an event or transaction that is unusual in nature or infrequent in occurrence, or both. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=114868817 + Details
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