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ACQUISITIONS (Tables) | 12 Months Ended
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Oct. 31, 2020
Business Combinations [Abstract] |
Schedule of the fair value of assets and liabilities assumed | The following table summarizes the allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of August 23, 2019 (in millions):
Cash and cash equivalents |  |  | $ | 10 |  |
Accounts receivable |  |  | 28 |  |
Inventories |  |  | 21 |  |
Other current assets |  |  | 2 |  |
Property, plant and equipment |  |  | 8 |  |
Intangible assets |  |  | 641 |  |
Goodwill |  |  | 483 |  |
Total assets acquired |  | $ | 1,193 |  |
Accounts payable |  |  | (4) |  |
Deferred revenue |  |  | (5) |  |
Employee compensation and benefits |  |  | (7) |  |
Other accrued liabilities |  |  | (2) |  |
Long-term debt |  |  | (4) |  |
Net assets acquired |  |  | $ | 1,171 |  |
Components of intangible assets acquired | The components of intangible assets acquired in connection with the BioTek acquisition were as follows (in millions):
| Fair Value |  | Estimated Useful Life
Developed product technology |  | $ | 387 |  |  |  | 5-13 years
Customer relationships |  | 202 |  |  |  | 3-8 years
Backlog |  | 5 |  |  |  | 2 months
Tradenames and trademarks |  | 43 |  |  |  | 10 years
Total intangible assets subject to amortization |  | $ | 637 |  |  |  |
In-process research and development |  | 4 |  |  |  |
Total intangible assets |  | $ | 641 |  |  |  |
Proforma operating results | The following represents the unaudited proforma operating results as if BioTek and ACEA had been included in the company's consolidated statements of operations as of the beginning of fiscal 2018 (in millions, except per share amounts):
| 2019 |  | 2018
Net revenue | $ | 5,308 |  |  | $ | 5,112 |
Net income | $ | 1,012 |  |  | $ | 210 |
Net income per share — basic | $ | 3.22 |  |  | $ | 0.65 |
Net income per share — diluted | $ | 3.18 |  |  | $ | 0.65 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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