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ACQUISITIONS (Tables)
 3 Months Ended
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 investments12
Accounts receivable28
Other current assets18
Property, plant and equipment4
Operating lease right-of-use assets8
Goodwill603
Other intangible assets494
Other assets3
Total assets acquired1,205 
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 ValueEstimated useful life
Developed technology$270 6 years
Customer relationships1606 years
Backlog153 years
Trademarks/Tradename22 years
Total amortizable intangible assets447
In-process research and development47
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,
20242023
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