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ACQUISITIONS (Tables) | 3 Months Ended
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Jan. 31, 2024
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of November 3, 2023 (in millions):
Cash and cash equivalents | $ | 35 |
Short-term investments | 12
Accounts receivable | 28
Other current assets | 18
Property, plant and equipment | 4
Operating lease right-of-use assets | 8
Goodwill | 603
Other intangible assets | 494
Other assets | 3
Total assets acquired | 1,205 |
Accounts payable | (8) |
Employee compensation and benefits | (23) |
Deferred revenue | (14) |
Income and other taxes payable | (8) |
Operating lease liabilities | (3) |
Other accrued liabilities | (18) |
Debt | (24) |
Retirement and post-retirement benefits | (7) |
Long-term operating lease liabilities | (5) |
Other long-term liabilities | (118) |
Net assets acquired | $ | 977 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The components of intangible assets acquired in connection with the ESI Group acquisition were as follows (in millions):
| Estimated Fair Value |  | Estimated useful life
Developed technology | $ | 270 |  |  | 6 years
Customer relationships | 160 |  | 6 years
Backlog | 15 |  | 3 years
Trademarks/Tradename | 2 |  | 2 years
Total amortizable intangible assets | 447 |  |
In-process research and development | 47 |  |
Total intangible assets | $ | 494 |  |  |
Business Acquisition, Pro Forma Information | The following represents pro forma operating results as if ESI Group had been included in the company's consolidated statements of operations as of the beginning of fiscal 2023 (in millions, except per share amounts):
| Three Months Ended
| January 31,
| 2024 |  | 2023
Net revenue | $ | 1,259 |  |  | $ | 1,423 |
Net income | $ | 186 |  |  | $ | 250 |
Net income per share - Basic | $ | 1.07 |  |  | $ | 1.40 |
Net income per share - Diluted | $ | 1.06 |  |  | $ | 1.39 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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