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ACQUISITIONS (Tables) | 9 Months Ended
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Jul. 31, 2020
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired 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 |  |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | 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 |  |  |  |
Pro Forma Information | The following represents the unaudited proforma operating results as if BioTek and ACEA had been included in the company's condensed consolidated statements of operations as of the beginning of fiscal 2018 (in millions, except per share amounts):
| Three Months Ended July 31, | Nine Months Ended July 31,
| 2019 | 2019
Net revenue | $ | 1,319 |  | $ | 3,930 |
Net income | $ | 174 |  | $ | 816 |
Net income per share — basic | $ | 0.56 |  | $ | 2.58 |
Net income per share — diluted | $ | 0.55 |  | $ | 2.55 |

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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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