Keysight (KEYS) 10-Q 5 Mar 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jan. 31, 2020	Mar. 02, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2020
Current Fiscal Year End Date	--10-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Amendment Flag	false
Document Transition Report	false
Entity File Number	001-36334
Entity Registrant Name	KEYSIGHT TECHNOLOGIES, INC.
Entity Central Index Key	0001601046
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-4254555
Entity Address, Address Line One	1400 Fountaingrove Parkway
Entity Address, City or Town	Santa Rosa
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95403
City Area Code	(800)
Local Phone Number	829-4444
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	KEYS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		187,395,353

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Net revenue:
Revenues	$ 1,095	$ 1,006
Costs and expenses:
Cost of Goods and Services Sold	440	428
Research and development	187	173
Selling, general and administrative	300	288
Other operating expense (income), net	(35)	(4)
Total costs and expenses	892	885
Income from operations	203	121
Interest income	6	4
Interest expense	(19)	(20)
Other income (expense), net	12	15
Income before taxes	202	120
Provision for income taxes	39	6
Net income	$ 163	$ 114
Net income per share:
Basic (in dollars per share)	$ 0.87	$ 0.61
Diluted (in dollars per share)	$ 0.86	$ 0.60
Weighted average shares used in computing net income per share:
Basic (in shares)	188	187
Diluted (in shares)	191	190
Products
Net revenue:
Revenues	$ 902	$ 837
Costs and expenses:
Cost of Goods and Services Sold	359	347
Services and other
Net revenue:
Revenues	193	169
Costs and expenses:
Cost of Goods and Services Sold	$ 81	$ 81

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Other comprehensive income (loss):
Net income	$ 163	$ 114
Unrealized gain (loss) on derivative instruments, net of tax benefit (expense) of $(1) and zero	1	(2)
Amounts reclassified into earnings related to derivative instruments, net of tax benefit (expense) of zero	1	1
Foreign currency translation, net of tax benefit (expense) of zero	0	30
Net defined benefit pension cost and post retirement plan costs:
Change in net actuarial loss, net of tax expense of zero and $3	17	13
Change in net prior service credit, net of tax benefit of $1 and $1	(2)	(3)
Other comprehensive income	17	39
Total comprehensive income	$ 180	$ 153

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Other comprehensive income (loss), tax, parenthetical disclosures [Abstract]
Unrealized gain (loss) on derivative instruments, tax	$ (1)	$ 0
Amounts reclassified into earnings related to derivative instruments, tax	0	0
Foreign currency translation, tax	0	0
Net defined benefit pension cost and post retirement plan costs, tax [Abstract]
Change in actuarial net loss, tax	0	(3)
Change in net prior service credit, tax	$ 1	$ 1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,691	$ 1,598
Accounts receivable, net	670	668
Inventory	737	705
Other current assets	228	244
Total current assets	3,326	3,215
Property, plant and equipment, net	578	576
Operating lease right-of-use assets	155	0
Goodwill	1,215	1,209
Other intangible assets, net	435	490
Long-term investments	48	46
Long-term deferred tax assets	737	755
Other assets	347	332
Total assets	6,841	6,623
Current liabilities:
Accounts payable	224	253
Current operating lease liabilities	36	0
Employee compensation and benefits	215	278
Deferred revenue	363	334
Income and other taxes payable	51	55
Other accrued liabilities	93	83
Total current liabilities	982	1,003
Long-term operating lease liabilities	128	0
Long-term debt	1,788	1,788
Retirement and post-retirement benefits	350	357
Long-term deferred revenue	176	176
Other long-term liabilities	290	295
Total liabilities	3,714	3,619
Commitments and contingencies (Note 14)
Stockholders' equity:
Preferred stock; $0.01 par value; 100 million shares authorized; none issued and outstanding	0	0
Common stock; $0.01 par value; 1 billion shares authorized; 195 million shares at January 31, 2020 and 194 million shares at October 31, 2019 issued	2	2
Treasury stock at cost; 7.2 million shares at January 31, 2020 and 6.5 million shares at October 31, 2019	(417)	(342)
Additional paid-in-capital	2,031	2,013
Retained earnings	2,072	1,909
Accumulated other comprehensive loss	(561)	(578)
Total stockholder's equity	3,127	3,004
Total liabilities and equity	$ 6,841	$ 6,623

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - $ / shares shares in Millions	Jan. 31, 2020	Oct. 31, 2019
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100	100
Preferred stock, issued and outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000	1,000
Common Stock, Shares, Issued	195	194
Treasury Stock, Shares	7.2	6.5

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities:
Net Income	$ 163	$ 114
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	24	24
Amortization	56	52
Share-based compensation	39	27
Deferred tax expense (benefit)	18	(12)
Excess and obsolete inventory-related charges	7	7
Gain on insurance proceeds received for damage to property, plant and equipment	(32)	0
Other non-cash expense (income), net	1	(4)
Changes in assets and liabilities:
Accounts receivable	(3)	56
Inventory	(36)	(26)
Accounts payable	(26)	(10)
Employee compensation and benefits	(63)	(68)
Deferred Revenue	29	43
Income taxes payable	10	10
Retirement and post-retirement benefits	(3)	(12)
Other assets and liabilities	13	39
Net cash provided by operating activities	197	240
Cash flows from investing activities:
Investments in property, plant and equipment	(32)	(31)
Insurance proceeds received for damage to property, plant and equipment	32	0
Payments to Acquire Businesses, Net of Cash Acquired	(5)	0
Proceeds from divestiture	0	2
Net cash used in investing activities	(5)	(29)
Cash flows from financing activities:
Proceeds from issuance of common stock under employee stock plans	26	30
Payment of taxes related to net share settlement of equity awards	(49)	(23)
Treasury stock repurchases	(76)	(40)
Net Cash used in financing activities	(99)	(33)
Effect of exchange rate movements	0	7
Net increase in cash, cash equivalents, and restricted cash	93	185
Cash, cash equivalents, and restricted cash at beginning of period	1,600	917
Cash, cash equivalents, and restricted cash at end of period	$ 1,693	$ 1,102

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement - USD ($) shares in Thousands, $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Including Portion Attributable to Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 76				$ 76
Common Stock, Shares, Outstanding at Oct. 31, 2018		191,204
Treasury Stock, Shares at Oct. 31, 2018				(4,364)
Stockholders' Equity, Balance at Oct. 31, 2018	2,433	$ 2	$ 1,889	$ (182)	1,212	$ (488)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (shares)		1,597
Issuance of common stock ($)	30		30
Taxes related to net share settlement of equity awards	(22)		(22)
Share-based compensation	28		28
Net Income	114				114
Other Comprehensive Income (Loss), Net of Tax	$ 39					39
Treasury Stock, Shares, Acquired	(686,398)			(686)
Treasury Stock, Value, Acquired, Cost Method	$ (40)			$ (40)
Common Stock, Shares, Outstanding at Jan. 31, 2019		192,801
Treasury Stock, Shares at Jan. 31, 2019				(5,050)
Stockholders' Equity, Balance at Jan. 31, 2019	$ 2,658	$ 2	1,925	$ (222)	1,402	(449)
Common Stock, Shares, Outstanding at Oct. 31, 2019		193,769
Treasury Stock, Shares at Oct. 31, 2019	6,500			(6,458)
Stockholders' Equity, Balance at Oct. 31, 2019	$ 3,004	$ 2	2,013	$ (342)	1,909	(578)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (shares)		1,270
Issuance of common stock ($)	26		26
Taxes related to net share settlement of equity awards	(49)		(49)
Share-based compensation	41		41
Net Income	163
Other Comprehensive Income (Loss), Net of Tax	$ 17					17
Treasury Stock, Shares, Acquired	(731,918)			(732)
Treasury Stock, Value, Acquired, Cost Method	$ (75)			$ (75)
Common Stock, Shares, Outstanding at Jan. 31, 2020		195,039
Treasury Stock, Shares at Jan. 31, 2020	7,200			(7,190)
Stockholders' Equity, Balance at Jan. 31, 2020	$ 3,127	$ 2	$ 2,031	$ (417)	$ 2,072	$ (561)

OVERVIEW, BASIS OF PRESENTATION

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Overview. Keysight Technologies, Inc. ("we," "us," "Keysight" or the "company"), incorporated in Delaware on December 6, 2013, is a technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world by providing electronic design and test solutions that are used in the simulation, design, validation, manufacture, installation, optimization and secure operation of electronics systems in the communications, networking and electronics industries. We also offer customization, consulting and optimization services throughout the customer's product lifecycle, including start-up assistance, asset management, up-time services, application services and instrument calibration and repair. Our fiscal year-end is October 31, and our fiscal quarters end on January 31, April 30 and July 31. Unless otherwise stated, these dates refer to our fiscal year and fiscal quarters. Basis of Presentation. We have prepared the accompanying financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the U.S. ("GAAP") have been condensed or omitted pursuant to such rules and regulations. The accompanying financial statements and information should be read in conjunction with our Annual Report on Form 10-K. In the opinion of management, the accompanying condensed consolidated financial statements contain all normal and recurring adjustments necessary to state fairly our financial position as of January 31, 2020 and October 31, 2019 , our results of operations for the three months ended January 31, 2020 and 2019 and cash flows for the three months ended January 31, 2020 and 2019 . Use of Estimates. The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Although these estimates are based on management’s knowledge of current events and actions that may impact the company in the future, actual results may be different from the estimates. Our critical accounting policies are those that affect our financial statements materially and involve difficult, subjective or complex judgments by management. Those policies are revenue recognition, inventory valuation, share-based compensation, retirement and post-retirement plan assumptions, valuation of goodwill and other intangible assets, warranty, loss contingencies, restructuring, and accounting for income taxes. Update to Significant Accounting Policies. Except as set forth in Note 2, "New Accounting Pronouncements," there have been no material changes to our significant accounting policies as described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2019 .

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Jan. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	2. NEW ACCOUNTING PRONOUNCEMENTS In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02 or Accounting Standards Codification Topic 842, Leases (“ASC 842”), that requires substantially all leases to be reported on the balance sheet as right-of-use (“ROU”) assets and lease obligations and also requires disclosures by lessees and lessors about the amount, timing and uncertainty of cash flows arising from leases. Consistent with current GAAP, the recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. We adopted the standard on November 1, 2019, using the modified retrospective transition approach provided by ASU 2018-11, Leases: Targeted Improvements , with the cumulative effect of initially applying the standard recognized at the date of adoption. Under this method of adoption, comparative information has not been restated and continues to be reported under the standards in effect (ASC 840) for the prior periods presented. Adoption of the standard resulted in recording ROU assets and lease obligations for our operating leases of approximately $155 million and $164 million , respectively, but did not have a material impact on beginning retained earnings, the condensed consolidated statement of operations, cash flows, or earnings per share. We elected the package of practical expedients for leases that commenced before the effective date of ASC 842, whereby we elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. In addition, we have lease agreements with lease and non-lease components, and we have elected the practical expedient for all underlying asset classes and account for them as a single lease component. Our finance lease and lessor arrangements are immaterial. ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. In August 2018, the FASB issued guidance that requires a customer in a cloud computing arrangement (i.e., hosting arrangement) that is a service contract to follow the internal-use software guidance to determine which implementation costs to defer and recognize as an asset and aligns the recognition of implementation costs to those incurred in an arrangement that includes an internal-use software license. Further, new disclosures about implementation costs for both internal-use software and hosting arrangements are required. The standard is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted. We are evaluating the impact of adopting this guidance on our consolidated financial statements. Other amendments to GAAP that have been issued by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our consolidated financial statements upon adoption.

REVENUE (Notes)

REVENUE (Notes)	3 Months Ended
	Jan. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	3. REVENUE Disaggregation of Revenue We disaggregate our revenue from contracts with customers by geographic region, end market, and timing of transfer of products and services to customers, as we believe these categories best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Disaggregated revenue is presented for each of our reportable segments. Prior period amounts have been reclassified to conform to our organizational change as described in Note 17, "Segment Information." Three Months Ended January 31, 2020 Three Months Ended January 31, 2019 Communications Solutions Group Electronic Industrial Solutions Group Total Communications Solutions Group Electronic Industrial Solutions Group Total (in millions) (in millions) Region Americas $ 386 $ 61 $ 447 $ 346 $ 57 $ 403 Europe 115 71 186 115 63 178 Asia Pacific 317 145 462 288 137 425 Total net revenue $ 818 $ 277 $ 1,095 $ 749 $ 257 $ 1,006 End Market Aerospace, Defense & Government $ 245 $ — $ 245 $ 223 $ — $ 223 Commercial Communications 573 — 573 526 — 526 Electronic Industrial — 277 277 — 257 257 Total net revenue $ 818 $ 277 $ 1,095 $ 749 $ 257 $ 1,006 Timing of Revenue Recognition Revenue recognized at a point in time $ 701 $ 250 $ 951 $ 652 $ 235 $ 887 Revenue recognized over time 117 27 144 97 22 119 Total net revenue $ 818 $ 277 $ 1,095 $ 749 $ 257 $ 1,006 Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets) and deferred revenue (contract liabilities) on our condensed consolidated balance sheet. In addition, we defer and capitalize certain costs incurred to obtain a contract (contract costs). Contract assets - Contract assets represent unbilled amounts from arrangements for which we have performed by transferring goods or services to the customer in advance of receiving all or partial consideration for such goods and services from the customer. Contract assets arise primarily from service agreements and products delivered pending a formal customer acceptance, which generally occurs within 30 days. The contract assets balance was $48 million and $34 million at January 31, 2020 and October 31, 2019, respectively, and is included in "accounts receivables, net" in our condensed consolidated balance sheet. Contract costs - We recognize an asset for the incremental costs of obtaining a contract with a customer. We have determined that certain employee and third-party representative commissions programs meet the requirements to be capitalized. Employee commissions are based on the achievement of order volume compared to a sales target. Third-party representative commission costs relate directly to a customer contract as the commission is tied to orders contracted through and contracts arranged by our third-party representatives. Without obtaining the contracts, the commissions would not be paid and, as such, are determined to be an incremental cost to obtaining a contract. We only defer these costs when we have determined the commissions are, in fact, incremental and would not have been incurred absent the customer contract. Capitalized incremental costs are allocated to the individual performance obligations in proportion to the transaction price allocated to each performance obligation and amortized based on the pattern of performance for the underlying performance obligation. Contract costs related to initial contracts and renewals are amortized over the same period because the commissions paid on both the initial contract and renewals are commensurate with one another. The following table provides a roll-forward of our capitalized contract costs, current and non-current: Three Months Ended January 31, 2020 January 31, 2019 (in millions) Beginning balance $ 28 $ — Costs capitalized on November 1, 2018 due to ASC 606 adoption — 29 Costs capitalized during the period 16 17 Costs amortized during the period (16 ) (18 ) Foreign currency translation impact — 1 Ending balance $ 28 $ 29 Contract liabilities - Our contract liabilities consist of deferred revenue that arises when we receive consideration in advance of providing the goods or services promised in the contract. Contract liabilities are primarily generated from customer deposits received in advance of shipments for products or rendering of services and are recognized as revenue when services are provided to the customer. We classify deferred revenue as current or non-current based on the timing of when we expect to recognize revenue. Contract liabilities are recognized as revenue when services are provided to the customer. The following table provides a roll-forward of our contract liabilities, current and non-current: Three Months Ended January 31, 2020 January 31, 2019 (in millions) Balance at October 31 $ 510 $ 461 Impact of adopting new revenue standard — (64 ) Balance at November 1 510 397 Deferral of revenue billed in current period, net of recognition 161 167 Revenue recognized that was deferred as of the beginning of the period (132 ) (124 ) Foreign currency translation impact — 3 Balance at January 31 $ 539 $ 443 Remaining Performance Obligations Revenue expected to be recognized in any future period related to remaining performance obligations, excluding revenue pertaining to contracts that have an original expected duration of one year or less, was approximately $329 million as of January 31, 2020 , and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. Since we typically invoice customers at contract inception, this amount is included in our current and long-term deferred revenue balances. As of January 31, 2020 , we expect to recognize approximately 37% of the revenue related to these unsatisfied performance obligations during the remainder of 2020, 33% during 2021, and 30% thereafter.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Jan. 31, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Keysight accounts for share-based awards in accordance with the provisions of the authoritative accounting guidance, which requires the measurement and recognition of compensation expense for all share-based payment awards made to our employees and directors, including restricted stock units ("RSUs"), employee stock purchases made under our Employee Stock Purchase Plan (“ESPP”), employee stock option awards, and performance share awards granted to selected members of our senior management under the Long-Term Performance (“LTP”) Program, based on estimated fair values. The impact of share-based compensation on our results was as follows: Three Months Ended January 31, 2020 2019 (in millions) Cost of products and services $ 5 $ 4 Research and development 8 6 Selling, general and administrative 26 17 Total share-based compensation expense $ 39 $ 27 The increase in share-based compensation expense for the three months ended January 31, 2020 was primarily driven by an increase in the fair value of our financial metrics-based performance awards and accelerated expense for retirement eligible employees. Share-based compensation capitalized within inventory was $2 million at January 31, 2020 and $1 million at January 31, 2019. The following assumptions were used to estimate the fair value of awards granted under the LTP Program that are based on total shareholder return ("TSR"): Three Months Ended January 31, 2020 2019 Volatility of Keysight shares 28 % 25 % Volatility of index/peer group 13 % 12 % Price-wise correlation with selected peers 61 % 57 % The TSR-based performance awards were valued using a Monte Carlo simulation model, which requires the use of highly subjective and complex assumptions, including the price volatility of the underlying stock. The estimated fair value of restricted stock awards and the financial metrics-based performance awards is determined based on the market price of Keysight’s common stock on the grant date. The compensation cost for financial metrics-based performance awards reflects the cost of awards that are probable to vest at the end of the performance period. We did not grant option awards in the three months ended January 31, 2020 and 2019.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jan. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The company’s effective tax rate was 19.1 percent and 5.2 percent for the three months ended January 31, 2020 and 2019, respectively. The income tax expense was $39 million and $6 million for the three months ended January 31, 2020 and 2019, respectively. The income tax expense for the three months ended January 31, 2020 included a net discrete expense of $3 million . The income tax expense for the three months ended January 31, 2019 included a net discrete benefit of $23 million , primarily related to a change in tax reserves resulting from a change in judgment. Keysight benefits from tax incentives in several jurisdictions, most significantly in Singapore, that have granted us tax incentives that require renewal at various times in the future. The tax incentives provide lower rates of taxation on certain classes of income and require thresholds of investments and employment or specific types of income in those jurisdictions. The impact of the tax incentives decreased the income tax provision by $15 million and $8 million for the three months ended January 31, 2020 and 2019, respectively, resulting in a benefit to net income per share (diluted) of approximately $0.08 and $0.04 for the three months ended January 31, 2020 and 2019, respectively. The majority of our tax incentives are due for renewal between 2024 and 2025. With regard to the incentive in Malaysia, a formal application must be filed during fiscal year 2020 to renew the tax incentive through 2025. Keysight intends to file the application timely and does not anticipate any impediments to the renewal process. The open tax years for the IRS and most states are from November 1, 2015 through the current tax year. For the majority of our foreign entities, the open tax years are from November 1, 2014 through the current tax year. For certain foreign entities, the tax years remain open, at most, back to the year 2008 . Given the number of years and numerous matters that remain subject to examination in various tax jurisdictions, we are unable to estimate the range of possible changes to the balance of our unrecognized tax benefits. The company was audited in Malaysia for the 2008 tax year. Although this tax year pre-dates our separation from Agilent, pursuant to the agreement between Agilent and Keysight pertaining to tax matters, as finalized at the time of separation, for certain entities, including Malaysia, any historical tax liability is the responsibility of Keysight. In the fourth quarter of fiscal 2017, Keysight paid income taxes and penalties of $68 million on gains related to intellectual property rights. We are currently in the process of appealing to the Special Commissioners of Income Tax (“SCIT”) in Malaysia. A decision from SCIT is expected during fiscal year 2020. The company believes there are numerous defenses to the current assessment; the statute of limitations for the 2008 tax year in Malaysia was closed, and the income in question is exempt from tax in Malaysia. The company is pursuing all avenues to resolve this issue favorably for the company.

NET INCOME PER SHARE

NET INCOME PER SHARE	3 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET INCOME PER SHARE The following is a reconciliation of the numerator and denominator of the basic and diluted net income per share computations for the periods presented below: Three Months Ended January 31, 2020 2019 (in millions) Numerator: Net income $ 163 $ 114 Denominator: Basic weighted-average shares 188 187 Potential common shares— stock options and other employee stock plans 3 3 Diluted weighted-average shares 191 190 The dilutive effect of share-based awards is reflected in diluted net income per share by application of the treasury stock method, which includes consideration of unamortized share-based compensation expense and the dilutive effect of in-the-money options and non-vested restricted stock units. Under the treasury stock method, the amount the employee must pay for exercising stock options and unamortized share-based compensation expense are collectively assumed to be used to repurchase hypothetical shares. We exclude stock options with exercise prices greater than the average market price of our common stock from the calculation of diluted earnings per share because their effect would be anti-dilutive. For both the three months ended January 31, 2020 and 2019, we excluded zero options from the calculation of diluted earnings per share. In addition, we also exclude from the calculation of diluted earnings per share, stock options, ESPP, LTP Program and restricted stock awards, whose combined exercise price and unamortized fair value collectively were greater than the average market price of our common stock because their effect would also be anti-dilutive. The impact was immaterial in each of the three months ended January 31, 2020 and 2019, respectively.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION (Notes)	3 Months Ended
	Jan. 31, 2020
Other Significant Noncash Transactions [Line Items]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	. SUPPLEMENTAL CASH FLOW INFORMATION Net cash paid for income taxes was $9 million and $1 million for the three months ended January 31, 2020 and 2019, respectively. Cash paid for interest was zero for both the three months ended January 31, 2020 and 2019. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet to the amount shown in the condensed consolidated statement of cash flows: January 31, October 31, (in millions) Cash and cash equivalents $ 1,691 $ 1,598 Restricted cash included in other assets 2 2 Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 1,693 $ 1,600 Restricted cash consisted primarily of deposits held as collateral against bank guarantees.

INVENTORY

INVENTORY	3 Months Ended
	Jan. 31, 2020
Inventory, Net [Abstract]
INVENTORY	INVENTORY January 31, October 31, (in millions) Finished goods $ 342 $ 317 Purchased parts and fabricated assemblies 395 388 Total inventory $ 737 $ 705 Inventory-related excess and obsolescence charges recorded in total cost of products were $7 million for the three months ended January 31, 2020 and 2019. We record excess and obsolete inventory charges for inventory at our sites as well as inventory at our contract manufacturers and suppliers, where we have non-cancellable purchase commitments.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Jan. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The goodwill balances as of January 31, 2020 and October 31, 2019 and the activity for the three months ended January 31, 2020 for each of our reportable operating segments were as follows. Prior period amounts have been reclassified to conform to our organizational change as described in Note 17, "Segment Information." Communications Solutions Group Electronic Industrial Solutions Group Total (in millions) Balance as of October 31, 2019: Goodwill $ 1,651 $ 267 $ 1,918 Accumulated impairment losses (709 ) — (709 ) Goodwill as reported 942 267 1,209 Goodwill arising from acquisitions 8 — 8 Foreign currency translation impact (2 ) — (2 ) Balance as of January 31, 2020 $ 948 $ 267 $ 1,215 Components of goodwill as of January 31, 2020: Goodwill $ 1,657 $ 267 $ 1,924 Accumulated impairment losses (709 ) — (709 ) Goodwill as reported $ 948 $ 267 $ 1,215 Goodwill was assessed for impairment upon the completion of the organizational change, and it was determined that it was more-likely-than-not that the fair value of the reporting unit was greater than its carrying value. The company has not identified any triggering events that indicate an impairment of goodwill in the three months ended January 31, 2020. Other intangible assets as of January 31, 2020 and October 31, 2019 consisted of the following: Other Intangible Assets as of January 31, 2020 Other Intangible Assets as of October 31, 2019 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value (in millions) Developed technology $ 876 $ 621 $ 255 $ 876 $ 578 $ 298 Backlog 13 13 — 13 13 — Trademark/Tradename 34 22 12 34 21 13 Customer relationships 316 150 166 316 139 177 Non-compete agreements 1 1 — 1 1 — Total amortizable intangible assets 1,240 807 433 1,240 752 488 In-Process R&D 2 — 2 2 — 2 Total $ 1,242 $ 807 $ 435 $ 1,242 $ 752 $ 490 During the three months ended January 31, 2020 , there was no foreign exchange translation impact to other intangible assets. Amortization of other intangible assets was $55 million and $51 million for the three months ended January 31, 2020 and 2019, respectively. Estimated intangible assets amortization expense for each of the five succeeding fiscal years is as follows: Amortization expense (in millions) 2020 (remainder) $ 156 2021 142 2022 66 2023 49 2024 18 Thereafter 2

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The authoritative guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, we consider the principal or most advantageous market and assumptions that market participants would use when pricing the asset or liability. Fair Value Hierarchy The guidance establishes a fair value hierarchy that prioritizes inputs used in valuation techniques into three levels. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. There are three levels of inputs that may be used to measure fair value: Level 1 - applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 - applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, for the asset or liability such as: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in less active markets; or other inputs that can be derived principally from, or corroborated by, observable market data. Level 3 - applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis Financial assets and liabilities measured at fair value on a recurring basis as of January 31, 2020 and October 31, 2019 were as follows: Fair Value Measurements at January 31, 2020 October 31, 2019 Total Level 1 Level 2 Level 3 Other Total Level 1 Level 2 Level 3 Other (in millions) Assets: Short-term Cash equivalents Money market funds $ 969 $ 969 $ — $ — $ — $ 932 $ 932 $ — $ — $ — Derivative instruments (foreign exchange contracts) 5 — 5 — — 2 — 2 — — Long-term Equity investments 39 39 — — — 37 37 — — — Equity investments - other 9 — — — 9 9 — — — 9 Total assets measured at fair value $ 1,022 $ 1,008 $ 5 $ — $ 9 $ 980 $ 969 $ 2 $ — $ 9 Liabilities: Short-term Derivative instruments (foreign exchange contracts) $ 2 $ — $ 2 $ — $ — $ 6 $ — $ 6 $ — $ — Long-term Deferred compensation liability 16 — 16 — — 14 — 14 — — Total liabilities measured at fair value $ 18 $ — $ 18 $ — $ — $ 20 $ — $ 20 $ — $ — Net realized gains (losses) on sale of our equity investments was zero for both the three months ended January 31, 2020 and 2019. Net unrealized gains (losses) on our equity investments was zero and $5 million for the three months ended January 31, 2020 and 2019, respectively. Our money market funds and equity investments with readily determinable fair values are measured at fair value using quoted market prices and, therefore, are classified within Level 1 of the fair value hierarchy. Equity investments without readily determinable fair values that are measured at cost adjusted for observable changes in price or impairments are not categorized in the fair value hierarchy and are presented as "Equity investments - other" in the tables above. Our deferred compensation liability is classified as Level 2 because the inputs used in the calculations are observable, although the values are not directly based on quoted market prices. Our derivative financial instruments are classified within Level 2 as there is not an active market for each hedge contract, but the inputs used to calculate the value of the instruments are tied to active markets.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	11. DERIVATIVES We are exposed to foreign currency exchange rate fluctuations and interest rate changes in the normal course of our business. As part of our risk management strategy, we use derivative instruments, primarily forward contracts to hedge economic and/or accounting exposures resulting from changes in foreign currency exchange rates. Cash Flow Hedges We enter into foreign exchange contracts to hedge our forecasted operational cash flow exposures resulting from changes in foreign currency exchange rates. These foreign exchange contracts, carried at fair value, have maturities between one and fourteen months. These derivative instruments are designated and qualify as cash flow hedges under the criteria prescribed in the authoritative guidance. The changes in the value of the derivative instrument included in the assessment of effectiveness are recognized in accumulated other comprehensive income and reclassified into earnings when the forecasted transaction occurs in the same financial statement line item in the condensed consolidated statement of operations where the earnings effect of the hedged item is presented. If it becomes probable that the forecasted transaction will not occur, the hedge relationship will be de-designated and amounts accumulated in other comprehensive income will be reclassified into earnings in the current period. Gains and losses on the derivative instrument representing hedge components excluded from the assessment of effectiveness are recognized immediately in earnings and are presented in the same financial statement line of the condensed consolidated statement of operations where the earnings effect of the hedged item is presented. Other Hedges Additionally, we enter into foreign exchange contracts to hedge monetary assets and liabilities that are denominated in currencies other than the functional currency of our subsidiaries. These foreign exchange contracts are carried at fair value and do not qualify for hedge accounting treatment and are not designated as hedging instruments. Changes in value of the derivative are recognized in other income (expense), net, in the condensed consolidated statement of operations in the current period, along with the offsetting foreign currency gain or loss on the underlying assets or liabilities. Our use of derivative instruments exposes us to credit risk to the extent that the counterparties may be unable to meet the terms of the agreement. We do, however, seek to mitigate such risks by limiting our counterparties to major financial institutions that are selected based on their credit ratings and other factors. We have established policies and procedures for mitigating credit risk that include establishing counterparty credit limits, monitoring credit exposures, and continually assessing the creditworthiness of counterparties. There were 201 and 64 open foreign exchange forward contracts designated as "cash flow hedges" and "not designated as hedging instruments," respectively, as of January 31, 2020 . The aggregated notional amounts by currency and designation as of January 31, 2020 were as follows: Derivatives in Cash Flow Hedging Relationships Derivatives Not Designated as Hedging Instruments Forward Contracts Forward Contracts Currency Buy/(Sell) Buy/(Sell) (in millions) Euro $ 13 $ 10 British Pound — (91 ) Singapore Dollar 15 8 Malaysian Ringgit 84 7 Japanese Yen (88 ) (49 ) Other currencies (19 ) (9 ) Total $ 5 $ (124 ) Derivative instruments are subject to master netting arrangements and are disclosed gross in the condensed consolidated balance sheet. The gross fair values and balance sheet presentation of derivative instruments held as of January 31, 2020 and October 31, 2019 were as follows: Fair Values of Derivative Instruments Derivative Assets Derivative Liabilities Fair Value Fair Value Balance Sheet Location January 31, October 31, Balance Sheet Location January 31, October 31, (in millions) (in millions) Derivatives designated as hedging instruments: Cash flow hedges Foreign exchange contracts Other current assets $ 3 $ 1 Other accrued liabilities $ 1 $ 2 Derivatives not designated as hedging instruments: Foreign exchange contracts Other current assets 2 1 Other accrued liabilities 1 4 Total derivatives $ 5 $ 2 $ 2 $ 6 The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and for those not designated as hedging instruments in our condensed consolidated statement of operations was as follows: Three Months Ended January 31, 2020 2019 (in millions) Derivatives designated as hedging instruments: Cash Flow Hedges Foreign exchange contracts: Gain (loss) recognized in accumulated other comprehensive income (loss) $ 2 $ (2 ) Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings: Cost of products $ (1 ) $ — Selling, general and administrative $ — $ (1 ) Gain (loss) excluded from effectiveness testing recognized in earnings based on changes in fair value: Cost of products $ 1 $ 1 Derivatives not designated as hedging instruments: Gain (loss) recognized in other income (expense), net $ — $ (3 ) The estimated amount at January 31, 2020 expected to be reclassified from accumulated other comprehensive income (loss) to earnings within the next twelve months is a gain of $1 million .

RETIREMENT PLANS AND POST RETIR

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS	3 Months Ended
	Jan. 31, 2020
Defined Benefit Plan [Abstract]
RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS	RETIREMENT PLANS AND POST-RETIREMENT BENEFIT PLANS For the three months ended January 31, 2020 and 2019 , our net pension and post-retirement benefit cost (benefit) was comprised of the following: Pensions U.S. Defined Benefit Plans Non-U.S. Defined Benefit U.S. Post-Retirement Three Months Ended January 31, 2020 2019 2020 2019 2020 2019 (in millions) Service cost—benefits earned during the period $ 6 $ 5 $ 4 $ 3 $ — $ — Interest cost on benefit obligation 6 7 4 6 1 2 Expected return on plan assets (11 ) (11 ) (21 ) (19 ) (3 ) (3 ) Amortization: Net actuarial loss 4 3 8 7 3 2 Prior service credit — (1 ) — — (3 ) (3 ) Settlement loss — — — 2 — — Net periodic benefit cost (benefit) $ 5 $ 3 $ (5 ) $ (1 ) $ (2 ) $ (2 ) We record the service cost component of net periodic benefit cost (benefit) in the same line item as other employee compensation costs and the non-service components of net periodic benefit cost (benefit) such as interest cost, expected return on assets, amortization of prior service cost, and actuarial gains or losses are reported within other income (expense), net in the condensed consolidated statement of operations. We did not contribute to our U.S. Defined Benefit Plans or U.S. Post-Retirement Benefit Plan during the three months ended January 31, 2020 and 2019. We contributed $2 million and $8 million to our Non-U.S. Defined Benefit Plans during the three months ended January 31, 2020 and 2019, respectively. For the remainder of 2020 , we do not expect to contribute to our U.S. Defined Benefit Plans, and we expect to contribute $6 million to our Non-U.S. Defined Benefit Plans. On January 1, 2019 , we transferred a portion of the assets and liabilities of our Switzerland defined benefit plan to an insurance company, resulting in the recognition of a settlement loss of $2 million , which is included in other income (expense), net in the condensed consolidated statement of operations.

LEASES (Notes)

LEASES (Notes)	3 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Lessee, Operating Leases [Text Block]	13. LEASES We determine whether an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities (current and non-current) on our condensed consolidated balance sheet. Finance leases are included in property, plant and equipment, other accrued liabilities, and other long-term liabilities in our condensed consolidated balance sheet. Our finance lease and lessor arrangements are immaterial. ROU assets and lease obligations are recognized based on their present value of the future minimum lease payments over the lease term at commencement date. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate, based on the lease term and economic environment, to discount lease obligations. ROU assets also include any lease payments made and exclude lease incentives and initial direct costs incurred. We initially measure payments based on an index by using the applicable rate at lease commencement. Variable payments that do not depend on an index are not included in the lease liability and are recognized as they are incurred. We have operating leases for items including office space, order fulfillment, sales and service centers, R&D and certain equipment, primarily automobiles. Our leases have remaining terms of up to 12 years, some of which may include options to extend the leases for 3 to 5 years. We consider options to renew in our lease terms and measurement of ROU assets and lease liabilities if we determined they were reasonably certain to be exercised. For the three months ended January 31, 2020, operating lease cost was $11 million and variable lease cost was $4 million . Short-term lease and finance lease costs were immaterial for the three months ended January 31, 2020. Supplemental Information Related to our Leases During the three months ended January 31, 2020, cash paid for operating leases included in operating cash flows was $11 million . ROU assets obtained in exchange for operating lease obligations was $12 million for the three months ended January 31, 2020. Amounts related to finance lease activities for the three months ended January 31, 2020, were not material. As of January 31, 2020, the weighted average lease term of our operating leases was 6.3 years and the weighted average discount rate of our operating leases was 3% . Maturity Analysis of Liabilities The following table presents the maturity of our operating lease liabilities as of January 31, 2020: Operating Leases (in millions) 2020 (remainder) $ 31 2021 38 2022 31 2023 21 2024 15 Thereafter 45 Total undiscounted lease liability 181 Imputed Interest 17 Total discounted lease liability $ 164 As of October 31, 2019, future non-cancellable rent obligations as determined under ASC 840 were as follows: Operating Leases (in millions) 2020 $ 48 2021 40 2022 31 2023 19 2024 12 Thereafter $ 46 Leases That Have Not Yet Commenced As of January 31, 2020, we did not have material leases that had not yet commenced. Lessor Disclosure The rental income from leasing out excess facilities of $3 million for the three months ended January 31, 2020 is included in other operating expense (income), net. Other lessor arrangements were immaterial.

WARRANTY, COMMITMENTS AND CONTI

WARRANTY, COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
WARRANTY, COMMITMENTS AND CONTINGENCIES	WARRANTIES, COMMITMENTS AND CONTINGENCIES Standard Warranty Our warranties on products sold through direct sales channels are primarily for one year. Warranties for products sold through distribution channels are primarily for three years. We accrue for standard warranty costs based on historical trends in warranty charges. The accrual is reviewed regularly and periodically adjusted to reflect changes in warranty cost estimates. Estimated warranty charges are recorded within cost of products at the time related product revenue is recognized. Activity related to the standard warranty accrual, which is included in other accrued and other long-term liabilities in our condensed consolidated balance sheet, is as follows: Three Months Ended January 31, 2020 2019 (in millions) Beginning balance $ 38 $ 45 Accruals for warranties including change in estimate 5 8 Settlements made during the period (8 ) (9 ) Ending balance $ 35 $ 44 Accruals for warranties due within one year $ 22 $ 25 Accruals for warranties due after one year 13 19 Ending balance $ 35 $ 44 Commitments During the three months ended January 31, 2020, there were no material changes to our contractual commitments reported in the company’s 2019 Annual Report on Form 10-K. Contingencies We are involved in lawsuits, claims, investigations and proceedings, including, but not limited to, patent, commercial and environmental matters, which arise in the ordinary course of business. There are no matters pending that we currently believe are reasonably possible of having a material impact to our business, consolidated financial condition, results of operations or cash flows.

DEBT (Notes)

DEBT (Notes)	3 Months Ended
	Jan. 31, 2020
Debt Disclosure [Abstract]
DEBT	DEBT The following table summarizes the components of our long-term debt: January 31, 2020 October 31, 2019 (in millions) 2024 Senior Notes at 4.55% ($600 face amount less unamortized costs of $3 and $3) $ 597 $ 597 2027 Senior Notes at 4.60% ($700 face amount less unamortized costs of $5 and $5) 695 695 2029 Senior Notes at 3.00% ($500 face amount less unamortized costs of $4 and $4) 496 496 Total debt $ 1,788 $ 1,788 Short-Term Debt Revolving Credit Facility We maintain a credit facility (the “Revolving Credit Facility”) that provides for a $450 million , five-year unsecured revolving credit facility that will expire on February 15, 2022 . In addition, the Revolving Credit Facility permits us to increase the total commitments under this credit facility by up to $150 million in the aggregate on one or more occasions upon request. We may use amounts borrowed under the facility for general corporate purposes. As of January 31, 2020 and October 31, 2019, we had no borrowings outstanding under the Revolving Credit Facility. We were in compliance with the covenants of the Revolving Credit Facility during the three months ended January 31, 2020. Long-Term Debt There have been no changes to the principal, maturity, interest rates and interest payment terms of the senior notes during the three months ended January 31, 2020 as compared to the senior notes described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2019. As of January 31, 2020 and October 31, 2019, we had $38 million and $37 million , respectively, of outstanding letters of credit and surety bonds unrelated to the credit facility that were issued by various lenders. The fair value of our long-term debt, calculated from quoted prices that are primarily Level 1 inputs under the accounting guidance fair value hierarchy, exceeded the carrying value by approximately $175 million and $139 million as of January 31, 2020 and October 31, 2019, respectively.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jan. 31, 2020
Statement of Comprehensive Income [Abstract]
STOCKHOLDERS EQUITY	STOCKHOLDERS' EQUITY Stock Repurchase Program On May 29, 2019, the Board of Directors approved a new stock repurchase program authorizing the purchase of up to $500 million of the company’s common stock. Shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means. All such shares and related costs are held as treasury stock and accounted for at trade date using the cost method. The stock repurchase program may be commenced, suspended or discontinued at any time at the company’s discretion and does not have an expiration date. For the three months ended January 31, 2020, we repurchased 731,918 shares of common stock for $75 million . For the three months ended January 31, 2019, we repurchased 686,398 shares of common stock for $40 million . Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component and related tax effects for the three months ended January 31, 2020 and 2019 were as follows: Foreign currency translation Net defined benefit pension cost and post retirement plan costs Unrealized gains (losses) on derivatives Total Actuarial loss Prior service credit (in millions) As of October 31, 2019 $ (43 ) $ (536 ) $ 4 $ (3 ) $ (578 ) Other comprehensive income (loss) before reclassifications — — — 2 2 Amounts reclassified out of accumulated other comprehensive loss — 17 (3 ) 1 15 Tax (expense) benefit — — 1 (1 ) — Other comprehensive income (loss) — 17 (2 ) 2 17 As of January 31, 2020 $ (43 ) $ (519 ) $ 2 $ (1 ) $ (561 ) As of October 31, 2018 $ (60 ) $ (445 ) $ 19 $ (2 ) $ (488 ) Other comprehensive income (loss) before reclassifications 30 4 — (2 ) 32 Amounts reclassified out of accumulated other comprehensive loss — 12 (4 ) 1 9 Tax (expense) benefit — (3 ) 1 — (2 ) Other comprehensive income (loss) 30 13 (3 ) (1 ) 39 As of January 31, 2019 $ (30 ) $ (432 ) $ 16 $ (3 ) $ (449 ) Reclassifications out of accumulated other comprehensive loss for the three months ended January 31, 2020 and 2019 were as follows: Details about Accumulated Other Comprehensive Loss Components Affected Line Item in Statement of Operations Three Months Ended January 31, 2020 2019 (in millions) Unrealized gain (loss) on derivatives $ (1 ) $ — Cost of products — (1 ) Selling, general and administrative — — Provision for income taxes (1 ) (1 ) Net of income tax Net defined benefit pension cost and post retirement plan costs: Actuarial net loss (17 ) (12 ) Prior service credit 3 4 (14 ) (8 ) Total before income tax (1 ) 3 Provision (benefit) for income taxes (15 ) (5 ) Net of income tax Total reclassifications for the period $ (16 ) $ (6 ) An amount in parentheses indicates a reduction to income and an increase to the accumulated other comprehensive loss. Reclassifications of prior service benefit and actuarial net loss in respect of retirement plans and post retirement pension plans are included in the computation of net periodic cost (see Note 12, "Retirement Plans and Post-Retirement Benefit Plans").

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We are a technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world by providing electronic design and test solutions that are used in the simulation, design, validation, manufacture, installation, optimization and secure operation of electronics systems in the communications, networking and electronics industries. We also offer customization, consulting and optimization services throughout the customer's product lifecycle, including start-up assistance, asset management, up-time services, application services and instrument calibration and repair. Our operating segments were determined based primarily on how the chief operating decision maker views and evaluates our operations. Segment operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to each segment and to assess performance. Other factors, including market separation and customer specific applications, go-to-market channels, products and services and manufacturing are considered in determining the formation of these operating segments. To more effectively and efficiently address customer solution needs across the communications ecosystem as the network transforms, in the first quarter of fiscal 2020, we completed an organizational change to manage our Ixia Solutions Group within our Communications Solutions Group. This change enables us to create improved go-to-market and product development alignment, as well as accelerate solution synergies in 5G as this new technology is deployed globally. As a result, we now have two reportable operating segments, Communications Solutions Group (“CSG”) and Electronic Industrial Solutions Group (“EISG”). T he Communications Solutions Group serves customers spanning the worldwide commercial communications and aerospace, defense, and government end markets. The group’s solutions consist of electronic design and test software, instruments, systems and related services. These solutions are used in the simulation, design, validation, manufacturing, installation, and optimization of electronic equipment and networks. The Electronic Industrial Solutions Group provides test and measurement solutions and related services across a broad set of electronic industrial end markets, focusing on high-value applications in the automotive and energy industry and measurement solutions for consumer electronics, education, general electronics design and manufacturing, and semiconductor design and manufacturing. The group provides electronic design and test software, instruments and systems and related services used in the simulation, design, validation, manufacturing, installation and optimization of electronic equipment. A significant portion of the segments' expenses arise from shared services and infrastructure that we have historically provided to the segments in order to realize economies of scale and to efficiently use resources. These expenses, collectively called corporate charges, include legal, accounting, real estate, insurance services, information technology services, treasury and other corporate infrastructure expenses. Charges are allocated to the segments, and the allocations have been determined on a basis that we considered to be a reasonable reflection of the utilization of services provided to or benefits received by the segments. The following tables reflect the results of our reportable segments under our management reporting system. These results are not necessarily in conformity with GAAP. The performance of each segment is measured based on several metrics, including income from operations. These results are used, in part, by the chief operating decision maker in evaluating the performance of, and in allocating resources to, each of the segments. Prior period amounts have been revised to conform to the new organizational structure. The profitability of each of the segments is measured after excluding share-based compensation expense, amortization of acquisition-related balances, acquisition and integration costs, restructuring and related costs, northern California wildfire-related impacts, interest income, interest expense and other items as noted in the reconciliations below. Communications Solutions Group Electronic Industrial Solutions Group Total Segments (in millions) Three months ended January 31, 2020: Total net and segment revenue $ 818 $ 277 $ 1,095 Segment income from operations $ 201 $ 73 $ 274 Three months ended January 31, 2019: Total net revenue $ 749 $ 257 $ 1,006 Amortization of acquisition-related balances 3 — 3 Total segment revenue $ 752 $ 257 $ 1,009 Segment income from operations $ 150 $ 54 $ 204 The following table reconciles reportable operating segments’ income from operations to our total enterprise income before taxes: Three Months Ended January 31, 2020 2019 (in millions) Total reportable operating segments' income from operations $ 274 $ 204 Share-based compensation expense (39 ) (27 ) Amortization of acquisition-related balances (59 ) (54 ) Acquisition and integration costs (2 ) (2 ) Northern California wildfire-related impacts 32 — Other (3 ) — Income from operations, as reported 203 121 Interest income 6 4 Interest expense (19 ) (20 ) Other income (expense), net 12 15 Income before taxes, as reported $ 202 $ 120 The following table presents assets directly managed by each segment. Unallocated assets primarily consist of cash and cash equivalents, investments and other assets. Communications Solutions Group Electronic Industrial Solutions Group Total Segments (in millions) Assets: As of January 31, 2020 $ 3,888 $ 989 $ 4,877 As of October 31, 2019 $ 3,671 $ 928 $ 4,599 The increase in segment assets as of January 31, 2020 as compared to October 31, 2019 is primarily due to the addition of operating lease right-of-use assets as a result of adoption of ASU 2016-02, Leases, on November 1, 2019.

NORTHERN CALIFORNIA WILDFIRES I

NORTHERN CALIFORNIA WILDFIRES IMPACT (Notes)	3 Months Ended
	Jan. 31, 2020
Unusual or Infrequent Items, or Both [Abstract]
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	IMPACT OF NORTHERN CALIFORNIA WILDFIRES In the first quarter of 2020, we received $37 million of insurance proceeds primarily related to replacement of capital and recovery of fire-related expenses, which resulted in an other operating gain of $32 million . No additional insurance proceeds or material expenses related to the 2017 northern California wildfires are expected.

REVENUE DISSAGGREGATION OF REVE

REVENUE DISSAGGREGATION OF REVENUE (Tables)	3 Months Ended
	Jan. 31, 2020
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	Disaggregation of Revenue We disaggregate our revenue from contracts with customers by geographic region, end market, and timing of transfer of products and services to customers, as we believe these categories best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Disaggregated revenue is presented for each of our reportable segments. Prior period amounts have been reclassified to conform to our organizational change as described in Note 17, "Segment Information." Three Months Ended January 31, 2020 Three Months Ended January 31, 2019 Communications Solutions Group Electronic Industrial Solutions Group Total Communications Solutions Group Electronic Industrial Solutions Group Total (in millions) (in millions) Region Americas $ 386 $ 61 $ 447 $ 346 $ 57 $ 403 Europe 115 71 186 115 63 178 Asia Pacific 317 145 462 288 137 425 Total net revenue $ 818 $ 277 $ 1,095 $ 749 $ 257 $ 1,006 End Market Aerospace, Defense & Government $ 245 $ — $ 245 $ 223 $ — $ 223 Commercial Communications 573 — 573 526 — 526 Electronic Industrial — 277 277 — 257 257 Total net revenue $ 818 $ 277 $ 1,095 $ 749 $ 257 $ 1,006 Timing of Revenue Recognition Revenue recognized at a point in time $ 701 $ 250 $ 951 $ 652 $ 235 $ 887 Revenue recognized over time 117 27 144 97 22 119 Total net revenue $ 818 $ 277 $ 1,095 $ 749 $ 257 $ 1,006

REVENUE CAPITALIZED CONTRACTUAL

REVENUE CAPITALIZED CONTRACTUAL COST (Tables)	3 Months Ended
	Jan. 31, 2020
Capitalized Contract Cost [Line Items]
Capitalized Contract Cost [Abstract]	The following table provides a roll-forward of our capitalized contract costs, current and non-current: Three Months Ended January 31, 2020 January 31, 2019 (in millions) Beginning balance $ 28 $ — Costs capitalized on November 1, 2018 due to ASC 606 adoption — 29 Costs capitalized during the period 16 17 Costs amortized during the period (16 ) (18 ) Foreign currency translation impact — 1 Ending balance $ 28 $ 29

REVENUE CONTRACT LIABILITIES (T

REVENUE CONTRACT LIABILITIES (Tables)	3 Months Ended
	Jan. 31, 2020
Revenue Recognition and Deferred Revenue [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	The following table provides a roll-forward of our contract liabilities, current and non-current: Three Months Ended January 31, 2020 January 31, 2019 (in millions) Balance at October 31 $ 510 $ 461 Impact of adopting new revenue standard — (64 ) Balance at November 1 510 397 Deferral of revenue billed in current period, net of recognition 161 167 Revenue recognized that was deferred as of the beginning of the period (132 ) (124 ) Foreign currency translation impact — 3 Balance at January 31 $ 539 $ 443

REVENUE Remaning Performace Obl

REVENUE Remaning Performace Obligations (Tables)	3 Months Ended
	Jan. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Revenue expected to be recognized in any future period related to remaining performance obligations, excluding revenue pertaining to contracts that have an original expected duration of one year or less, was approximately $329 million as of January 31, 2020 , and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. Since we typically invoice customers at contract inception, this amount is included in our current and long-term deferred revenue balances. As of January 31, 2020 , we expect to recognize approximately 37% of the revenue related to these unsatisfied performance obligations during the remainder of 2020, 33% during 2021, and 30% thereafter.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Jan. 31, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Allocated Share-based compensation expense disclosure	The impact of share-based compensation on our results was as follows: Three Months Ended January 31, 2020 2019 (in millions) Cost of products and services $ 5 $ 4 Research and development 8 6 Selling, general and administrative 26 17 Total share-based compensation expense $ 39 $ 27
Share-based compensation arrangement by share-based payment award fair value assumptions and methodology schedule	The following assumptions were used to estimate the fair value of awards granted under the LTP Program that are based on total shareholder return ("TSR"): Three Months Ended January 31, 2020 2019 Volatility of Keysight shares 28 % 25 % Volatility of index/peer group 13 % 12 % Price-wise correlation with selected peers 61 % 57 %

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	3 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Reconciliation of the numerators and denominators of the basic and diluted net income per share	The following is a reconciliation of the numerator and denominator of the basic and diluted net income per share computations for the periods presented below: Three Months Ended January 31, 2020 2019 (in millions) Numerator: Net income $ 163 $ 114 Denominator: Basic weighted-average shares 188 187 Potential common shares— stock options and other employee stock plans 3 3 Diluted weighted-average shares 191 190

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2020
Other Significant Noncash Transactions [Line Items]
Cash Flow, Supplemental Disclosures [Text Block]	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet to the amount shown in the condensed consolidated statement of cash flows: January 31, October 31, (in millions) Cash and cash equivalents $ 1,691 $ 1,598 Restricted cash included in other assets 2 2 Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 1,693 $ 1,600 Restricted cash consisted primarily of deposits held as collateral against bank guarantees.

INVENTORY (Tables)

INVENTORY (Tables)	3 Months Ended
	Jan. 31, 2020
Inventory, Net [Abstract]
INVENTORY	January 31, October 31, (in millions) Finished goods $ 342 $ 317 Purchased parts and fabricated assemblies 395 388 Total inventory $ 737 $ 705

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Jan. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Estimated intangible assets amortization expense for each of the five succeeding fiscal years is as follows: Amortization expense (in millions) 2020 (remainder) $ 156 2021 142 2022 66 2023 49 2024 18 Thereafter 2
Goodwill balances and movements for each reportable segments during the period	The goodwill balances as of January 31, 2020 and October 31, 2019 and the activity for the three months ended January 31, 2020 for each of our reportable operating segments were as follows. Prior period amounts have been reclassified to conform to our organizational change as described in Note 17, "Segment Information." Communications Solutions Group Electronic Industrial Solutions Group Total (in millions) Balance as of October 31, 2019: Goodwill $ 1,651 $ 267 $ 1,918 Accumulated impairment losses (709 ) — (709 ) Goodwill as reported 942 267 1,209 Goodwill arising from acquisitions 8 — 8 Foreign currency translation impact (2 ) — (2 ) Balance as of January 31, 2020 $ 948 $ 267 $ 1,215 Components of goodwill as of January 31, 2020: Goodwill $ 1,657 $ 267 $ 1,924 Accumulated impairment losses (709 ) — (709 ) Goodwill as reported $ 948 $ 267 $ 1,215
Components of other intangibles during the period	The company has not identified any triggering events that indicate an impairment of goodwill in the three months ended January 31, 2020. Other intangible assets as of January 31, 2020 and October 31, 2019 consisted of the following: Other Intangible Assets as of January 31, 2020 Other Intangible Assets as of October 31, 2019 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value (in millions) Developed technology $ 876 $ 621 $ 255 $ 876 $ 578 $ 298 Backlog 13 13 — 13 13 — Trademark/Tradename 34 22 12 34 21 13 Customer relationships 316 150 166 316 139 177 Non-compete agreements 1 1 — 1 1 — Total amortizable intangible assets 1,240 807 433 1,240 752 488 In-Process R&D 2 — 2 2 — 2 Total $ 1,242 $ 807 $ 435 $ 1,242 $ 752 $ 490

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Assets And Liabilities Measured On Recurring Basis	Financial assets and liabilities measured at fair value on a recurring basis as of January 31, 2020 and October 31, 2019 were as follows: Fair Value Measurements at January 31, 2020 October 31, 2019 Total Level 1 Level 2 Level 3 Other Total Level 1 Level 2 Level 3 Other (in millions) Assets: Short-term Cash equivalents Money market funds $ 969 $ 969 $ — $ — $ — $ 932 $ 932 $ — $ — $ — Derivative instruments (foreign exchange contracts) 5 — 5 — — 2 — 2 — — Long-term Equity investments 39 39 — — — 37 37 — — — Equity investments - other 9 — — — 9 9 — — — 9 Total assets measured at fair value $ 1,022 $ 1,008 $ 5 $ — $ 9 $ 980 $ 969 $ 2 $ — $ 9 Liabilities: Short-term Derivative instruments (foreign exchange contracts) $ 2 $ — $ 2 $ — $ — $ 6 $ — $ 6 $ — $ — Long-term Deferred compensation liability 16 — 16 — — 14 — 14 — — Total liabilities measured at fair value $ 18 $ — $ 18 $ — $ — $ 20 $ — $ 20 $ — $ — Net realized gains (losses) on sale of our equity investments was zero for both the three months ended January 31, 2020 and 2019. Net unrealized gains (losses) on our equity investments was zero and $5 million for the three months ended January 31, 2020 and 2019, respectively.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Aggregated notional amounts by currency and designation	The aggregated notional amounts by currency and designation as of January 31, 2020 were as follows: Derivatives in Cash Flow Hedging Relationships Derivatives Not Designated as Hedging Instruments Forward Contracts Forward Contracts Currency Buy/(Sell) Buy/(Sell) (in millions) Euro $ 13 $ 10 British Pound — (91 ) Singapore Dollar 15 8 Malaysian Ringgit 84 7 Japanese Yen (88 ) (49 ) Other currencies (19 ) (9 ) Total $ 5 $ (124 )
Gross fair values and balance sheet location of derivative instruments held in the consolidated balance sheet	Derivative instruments are subject to master netting arrangements and are disclosed gross in the condensed consolidated balance sheet. The gross fair values and balance sheet presentation of derivative instruments held as of January 31, 2020 and October 31, 2019 were as follows: Fair Values of Derivative Instruments Derivative Assets Derivative Liabilities Fair Value Fair Value Balance Sheet Location January 31, October 31, Balance Sheet Location January 31, October 31, (in millions) (in millions) Derivatives designated as hedging instruments: Cash flow hedges Foreign exchange contracts Other current assets $ 3 $ 1 Other accrued liabilities $ 1 $ 2 Derivatives not designated as hedging instruments: Foreign exchange contracts Other current assets 2 1 Other accrued liabilities 1 4 Total derivatives $ 5 $ 2 $ 2 $ 6
Effect of derivative instruments for foreign exchange contracts in the consolidated statement of operations	The effect of derivative instruments for foreign exchange contracts designated as hedging instruments and for those not designated as hedging instruments in our condensed consolidated statement of operations was as follows: Three Months Ended January 31, 2020 2019 (in millions) Derivatives designated as hedging instruments: Cash Flow Hedges Foreign exchange contracts: Gain (loss) recognized in accumulated other comprehensive income (loss) $ 2 $ (2 ) Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings: Cost of products $ (1 ) $ — Selling, general and administrative $ — $ (1 ) Gain (loss) excluded from effectiveness testing recognized in earnings based on changes in fair value: Cost of products $ 1 $ 1 Derivatives not designated as hedging instruments: Gain (loss) recognized in other income (expense), net $ — $ (3 )

RETIREMENT PLANS AND POST RET_2

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)	3 Months Ended
	Jan. 31, 2020
Defined Benefit Plan [Abstract]
Schedule of net pension and post-retirement benefit costs	For the three months ended January 31, 2020 and 2019 , our net pension and post-retirement benefit cost (benefit) was comprised of the following: Pensions U.S. Defined Benefit Plans Non-U.S. Defined Benefit U.S. Post-Retirement Three Months Ended January 31, 2020 2019 2020 2019 2020 2019 (in millions) Service cost—benefits earned during the period $ 6 $ 5 $ 4 $ 3 $ — $ — Interest cost on benefit obligation 6 7 4 6 1 2 Expected return on plan assets (11 ) (11 ) (21 ) (19 ) (3 ) (3 ) Amortization: Net actuarial loss 4 3 8 7 3 2 Prior service credit — (1 ) — — (3 ) (3 ) Settlement loss — — — 2 — — Net periodic benefit cost (benefit) $ 5 $ 3 $ (5 ) $ (1 ) $ (2 ) $ (2 )

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturity Analysis of Liabilities The following table presents the maturity of our operating lease liabilities as of January 31, 2020: Operating Leases (in millions) 2020 (remainder) $ 31 2021 38 2022 31 2023 21 2024 15 Thereafter 45 Total undiscounted lease liability 181 Imputed Interest 17 Total discounted lease liability $ 164
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	As of October 31, 2019, future non-cancellable rent obligations as determined under ASC 840 were as follows: Operating Leases (in millions) 2020 $ 48 2021 40 2022 31 2023 19 2024 12 Thereafter $ 46

WARRANTY, COMMITMENTS AND CON_2

WARRANTY, COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jan. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Standard warranty	Activity related to the standard warranty accrual, which is included in other accrued and other long-term liabilities in our condensed consolidated balance sheet, is as follows: Three Months Ended January 31, 2020 2019 (in millions) Beginning balance $ 38 $ 45 Accruals for warranties including change in estimate 5 8 Settlements made during the period (8 ) (9 ) Ending balance $ 35 $ 44 Accruals for warranties due within one year $ 22 $ 25 Accruals for warranties due after one year 13 19 Ending balance $ 35 $ 44

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Jan. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes the components of our long-term debt: January 31, 2020 October 31, 2019 (in millions) 2024 Senior Notes at 4.55% ($600 face amount less unamortized costs of $3 and $3) $ 597 $ 597 2027 Senior Notes at 4.60% ($700 face amount less unamortized costs of $5 and $5) 695 695 2029 Senior Notes at 3.00% ($500 face amount less unamortized costs of $4 and $4) 496 496 Total debt $ 1,788 $ 1,788

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Jan. 31, 2020
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive loss by component and related tax effects for the three months ended January 31, 2020 and 2019 were as follows: Foreign currency translation Net defined benefit pension cost and post retirement plan costs Unrealized gains (losses) on derivatives Total Actuarial loss Prior service credit (in millions) As of October 31, 2019 $ (43 ) $ (536 ) $ 4 $ (3 ) $ (578 ) Other comprehensive income (loss) before reclassifications — — — 2 2 Amounts reclassified out of accumulated other comprehensive loss — 17 (3 ) 1 15 Tax (expense) benefit — — 1 (1 ) — Other comprehensive income (loss) — 17 (2 ) 2 17 As of January 31, 2020 $ (43 ) $ (519 ) $ 2 $ (1 ) $ (561 ) As of October 31, 2018 $ (60 ) $ (445 ) $ 19 $ (2 ) $ (488 ) Other comprehensive income (loss) before reclassifications 30 4 — (2 ) 32 Amounts reclassified out of accumulated other comprehensive loss — 12 (4 ) 1 9 Tax (expense) benefit — (3 ) 1 — (2 ) Other comprehensive income (loss) 30 13 (3 ) (1 ) 39 As of January 31, 2019 $ (30 ) $ (432 ) $ 16 $ (3 ) $ (449 )
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of accumulated other comprehensive loss for the three months ended January 31, 2020 and 2019 were as follows: Details about Accumulated Other Comprehensive Loss Components Affected Line Item in Statement of Operations Three Months Ended January 31, 2020 2019 (in millions) Unrealized gain (loss) on derivatives $ (1 ) $ — Cost of products — (1 ) Selling, general and administrative — — Provision for income taxes (1 ) (1 ) Net of income tax Net defined benefit pension cost and post retirement plan costs: Actuarial net loss (17 ) (12 ) Prior service credit 3 4 (14 ) (8 ) Total before income tax (1 ) 3 Provision (benefit) for income taxes (15 ) (5 ) Net of income tax Total reclassifications for the period $ (16 ) $ (6 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2020
Segment Reporting Information [Line Items]
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Communications Solutions Group Electronic Industrial Solutions Group Total Segments (in millions) Three months ended January 31, 2020: Total net and segment revenue $ 818 $ 277 $ 1,095 Segment income from operations $ 201 $ 73 $ 274 Three months ended January 31, 2019: Total net revenue $ 749 $ 257 $ 1,006 Amortization of acquisition-related balances 3 — 3 Total segment revenue $ 752 $ 257 $ 1,009 Segment income from operations $ 150 $ 54 $ 204

SEGMENT INFORMATION Segment Pro

SEGMENT INFORMATION Segment Profitability (Tables)	3 Months Ended
	Jan. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	The following table reconciles reportable operating segments’ income from operations to our total enterprise income before taxes: Three Months Ended January 31, 2020 2019 (in millions) Total reportable operating segments' income from operations $ 274 $ 204 Share-based compensation expense (39 ) (27 ) Amortization of acquisition-related balances (59 ) (54 ) Acquisition and integration costs (2 ) (2 ) Northern California wildfire-related impacts 32 — Other (3 ) — Income from operations, as reported 203 121 Interest income 6 4 Interest expense (19 ) (20 ) Other income (expense), net 12 15 Income before taxes, as reported $ 202 $ 120

SEGMENT INFORMATION Segment Ass

SEGMENT INFORMATION Segment Assets (Tables)	3 Months Ended
	Jan. 31, 2020
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table presents assets directly managed by each segment. Unallocated assets primarily consist of cash and cash equivalents, investments and other assets. Communications Solutions Group Electronic Industrial Solutions Group Total Segments (in millions) Assets: As of January 31, 2020 $ 3,888 $ 989 $ 4,877 As of October 31, 2019 $ 3,671 $ 928 $ 4,599 The increase in segment assets as of January 31, 2020 as compared to October 31, 2019 is primarily due to the addition of operating lease right-of-use assets as a result of adoption of ASU 2016-02, Leases, on November 1, 2019.

NEW ACCOUNTING PRONOUNCEMENTS E

NEW ACCOUNTING PRONOUNCEMENTS Effect of adoption of ASC 2016-02 (Details) - USD ($) $ in Millions	Jan. 31, 2020	Nov. 01, 2019	Oct. 31, 2019
Operating Leased Assets [Line Items]
Operating lease right-of-use assets	$ 155		$ 0
Operating Lease, Liability	$ 164	$ 164
Accounting Standards Update 2016-02 [Member]
Operating Leased Assets [Line Items]
Operating lease right-of-use assets		$ 155

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 1,095	$ 1,006
Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	818	749
Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	277	257
Americas
Disaggregation of Revenue [Line Items]
Revenues	447	403
Americas | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	386	346
Americas | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	61	57
Europe
Disaggregation of Revenue [Line Items]
Revenues	186	178
Europe | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	115	115
Europe | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	71	63
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	462	425
Asia Pacific | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	317	288
Asia Pacific | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	145	137
Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Revenues	951	887
Transferred at Point in Time | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	701	652
Transferred at Point in Time | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	250	235
Transferred over Time
Disaggregation of Revenue [Line Items]
Revenues	144	119
Transferred over Time | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	117	97
Transferred over Time | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	27	22
Aerospace, defense and government
Disaggregation of Revenue [Line Items]
Revenues	245	223
Aerospace, defense and government | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	245	223
Aerospace, defense and government | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	0	0
Commercial Communications
Disaggregation of Revenue [Line Items]
Revenues	573	526
Commercial Communications | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	573	526
Commercial Communications | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	0	0
Electronic Industrial
Disaggregation of Revenue [Line Items]
Revenues	277	257
Electronic Industrial | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	0	0
Electronic Industrial | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	$ 277	$ 257

REVENUE Contract Assets (Detail

REVENUE Contract Assets (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Accounts Receivable [Member]
Contract Assets	$ 48	$ 34

REVENUE Capitalized Contractu_2

REVENUE Capitalized Contractual Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Nov. 01, 2018
Capitalized Contract Cost [Line Items]
Capitalized Contract Cost, Judgment	Capitalized incremental costs are allocated to the individual performance obligations in proportion to the transaction price allocated to each performance obligation and amortized based on the pattern of performance for the underlying performance obligation. Contract costs related to initial contracts and renewals are amortized over the same period because the commissions paid on both the initial contract and renewals are commensurate with one another.
Balance at October 31, 2019	$ 28	$ 0
Cost capitalized on day1 due to ASC 606 adoption	0		$ 29
Costs capitalized during the period	16	17
Costs amortized during the period	(16)	(18)
Foreign currency translation impact	0	1
Ending balance	$ 28	$ 29

REVENUE CONTRACT LIABILITIES RO

REVENUE CONTRACT LIABILITIES ROLL FORWARD (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Nov. 01, 2019	Nov. 01, 2018	Oct. 31, 2018
Balance at October 31	$ 510	$ 461
Impact of adopting new revenue standard					$ 76
Balance at November 1	539	443	$ 510	$ 397	$ 461
Deferral of revenue billed in current period, net of recognition	161	167
Revenue recognized that was deferred as of the beginning of the period	(132)	(124)
Contract Liabilities- translation impact	0	3
Balance at January 31	$ 539	$ 443
Accounting Standards Update 2014-09
Impact of adopting new revenue standard			$ 0	$ (64)

REVENUE Remaining performance o

REVENUE Remaining performance obligations (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 329
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Document Period End Date	Jan. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Percentage	37.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Percentage	33.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Percentage	30.00%

SHARE-BASED COMPENSATION (Alloc

SHARE-BASED COMPENSATION (Allocation of period costs) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	$ 39	$ 27
Cost of products and services
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	5	4
Research and development
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	8	6
Selling, general and administrative
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	$ 26	$ 17

SHARE-BASED COMPENSATION SHARE-

SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION (Textuals) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-based Compensation, Capitalized Amount	$ 2	$ 1
Options, Grants in Period	0	0

SHARE-BASED COMPENSATION (Fair

SHARE-BASED COMPENSATION (Fair Value Assumptions) (Details) - LTPP [Member]	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility of Keysight shares (in hundredths)	28.00%	25.00%
Volatility of index/peer group	13.00%	12.00%
Price-wise correlation with selected peers (in hundredths)	61.00%	57.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Percent	19.10%	5.20%
Provision for income taxes	$ 39	$ 6
Net Discrete Expense (Benefit)	$ 3	$ (23)

INCOME TAXES INCOME TAXES (Tax

INCOME TAXES INCOME TAXES (Tax incentives) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Tax incentives, Description	Keysight benefits from tax incentives in several jurisdictions, most significantly in Singapore, that have granted us tax incentives that require renewal at various times in the future. The tax incentives provide lower rates of taxation on certain classes of income and require thresholds of investments and employment or specific types of income in those jurisdictions.
Tax incentives, Termination Date	The majority of our tax incentives are due for renewal between 2024 and 2025.
Decrease in income tax provision due to tax incentives, Aggregate Dollar Amount	$ 15	$ 8
Decrease in income tax provision due to tax incentives, Income Tax Benefits Per Share	$ 0.08	$ 0.04

INCOME TAXES INCOME TAXES (Inco

INCOME TAXES INCOME TAXES (Income tax examination) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Oct. 31, 2017
Internal Revenue Service (IRS)
Income Tax Examination [Line Items]
Open tax year, from date	Nov. 1, 2015
Malaysia Tax Authority [Member]
Income Tax Examination [Line Items]
Income Tax Examination, Description	The company was audited in Malaysia for the 2008 tax year. Although this tax year pre-dates our separation from Agilent, pursuant to the agreement between Agilent and Keysight pertaining to tax matters, as finalized at the time of separation, for certain entities, including Malaysia, any historical tax liability is the responsibility of Keysight.
Income Tax Examination, Penalties and Interest Expense		$ 68
Majority of company's entities [Member] | Foreign Tax Authority
Income Tax Examination [Line Items]
Open tax year, from date	Nov. 1, 2014
Certain foreign entities [Member]
Income Tax Examination [Line Items]
Open Tax Year	2008

NET INCOME PER SHARE NET INCOME

NET INCOME PER SHARE NET INCOME PER SHARE (Computation) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Numerator:
Net income	$ 163	$ 114
Denominator:
Basic weighted-average shares	188	187
Potential common shares— stock options and other employee stock plans	3	3
Diluted weighted-average shares	191	190

NET INCOME PER SHARE (Narrative

NET INCOME PER SHARE (Narratives) (Details) - shares	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Stock Options
Antidilutive Securities Excluded from EPS Computation
Antidilutive Securities Excluded from Computation of Earnings Per Share, Number	0	0

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Income Taxes Paid, Net	$ 9	$ 1
Cash paid for interest	$ 0	$ 0

SUPPLEMENTAL CASH FLOW INFORM_4

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Other Significant Noncash Transactions [Line Items]
Cash paid for interest	$ 0	$ 0

SUPPLEMENTAL CASH FLOW INFORM_5

SUPPLEMENTAL CASH FLOW INFORMATION (Cash, cash equivalents an restricted cash reconciliation) (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019	Jan. 31, 2019	Oct. 31, 2018
Cash and cash equivalents	$ 1,691	$ 1,598
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	1,693	1,600	$ 1,102	$ 917
Other Assets [Member]
Restricted cash included in other assets	$ 2	$ 2

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Oct. 31, 2019
Inventory, Net [Abstract]
Finished goods	$ 342		$ 317
Purchased parts and fabricated assemblies	395		388
Total inventory	737		$ 705
Excess and obsolete inventory-related charges	$ 7	$ 7

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill Roll forward) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Oct. 31, 2019
Goodwill [Roll Forward]
Goodwill, Gross	$ 1,924	$ 1,918
Goodwill, Impaired, Accumulated Impairment Loss	(709)	(709)
Goodwill, Beginning balance	1,209
Goodwill, Acquired During Period	8
Foreign currency translation impact	(2)
Balance as of January 31, 2020	1,215
Communications Solutions Group
Goodwill [Roll Forward]
Goodwill, Gross	1,657	1,651
Goodwill, Impaired, Accumulated Impairment Loss	(709)	(709)
Goodwill, Beginning balance	942
Goodwill, Acquired During Period	8
Foreign currency translation impact	(2)
Balance as of January 31, 2020	948
Electronic Industrial Solutions Group
Goodwill [Roll Forward]
Goodwill, Gross	267	267
Goodwill, Impaired, Accumulated Impairment Loss	0	$ 0
Goodwill, Beginning balance	267
Goodwill, Acquired During Period	0
Foreign currency translation impact	0
Balance as of January 31, 2020	$ 267

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS (Disclosures and Components of Purchased Other Intangibles) (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	$ 1,240	$ 1,240
Accumulated Amortization and impairments	807	752
Amortizable intangible assets, Net book value	433	488
In-Process R&D	2	2
Intangible Assets, Gross (Excluding Goodwill)	1,242	1,242
Intangible Assets, Net (Excluding Goodwill)	435	490
Developed technology
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	876	876
Accumulated Amortization and impairments	621	578
Intangible Assets, Net (Excluding Goodwill)	255	298
Backlog
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	13	13
Accumulated Amortization and impairments	13	13
Intangible Assets, Net (Excluding Goodwill)	0	0
Trademark/Tradename
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	34	34
Accumulated Amortization and impairments	22	21
Intangible Assets, Net (Excluding Goodwill)	12	13
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	316	316
Accumulated Amortization and impairments	150	139
Intangible Assets, Net (Excluding Goodwill)	166	177
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	1	1
Accumulated Amortization and impairments	1	1
Intangible Assets, Net (Excluding Goodwill)	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS (Intangible assets narratives) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Finite Lived Intangible Assets, Foreign Currency Translation Gain (Loss)	$ 0
Amortization of Intangible Assets	$ 55	$ 51

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS (Finite-Lived Assets Future Amortization Expense) (Details) $ in Millions	Jan. 31, 2020USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Estimated intangible assets amortization expense, Remainder of 2020	$ 156
Estimated intangible assets amortization expense, 2021	142
Estimated intangible assets amortization expense, 2022	66
Estimated intangible assets amortization expense, 2023	49
Estimated intangible assets amortization expense, 2024	18
Estimated intangible assets amortization expense, thereafter	$ 2

FAIR VALUE MEASUREMENTS (Fair v

FAIR VALUE MEASUREMENTS (Fair value of assets and liabilities measured on a recurring basis) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Assets Short - term [Abstract]
Money market funds	$ 969	$ 932
Derivative instruments (foreign exchange contracts)	5	2
Assets, Long-term [Abstract]
Equity investments	39	37
Equity investments - other	9	9
Total assets measured at fair value	1,022	980
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	2	6
Liabilities Long-term [Abstract]
Deferred compensation liability	16	14
Total liabilities measured at fair value	18	20
Level 1
Assets Short - term [Abstract]
Money market funds	969	932
Derivative instruments (foreign exchange contracts)	0	0
Assets, Long-term [Abstract]
Equity investments	39	37
Equity investments - other	0	0
Total assets measured at fair value	1,008	969
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	0	0
Liabilities Long-term [Abstract]
Deferred compensation liability	0	0
Total liabilities measured at fair value	0	0
Level 2
Assets Short - term [Abstract]
Money market funds	0	0
Derivative instruments (foreign exchange contracts)	5	2
Assets, Long-term [Abstract]
Equity investments	0	0
Equity investments - other	0	0
Total assets measured at fair value	5	2
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	2	6
Liabilities Long-term [Abstract]
Deferred compensation liability	16	14
Total liabilities measured at fair value	18	20
Level 3
Assets Short - term [Abstract]
Money market funds	0	0
Derivative instruments (foreign exchange contracts)	0	0
Assets, Long-term [Abstract]
Equity investments	0	0
Equity investments - other	0	0
Total assets measured at fair value	0	0
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	0	0
Liabilities Long-term [Abstract]
Deferred compensation liability	0	0
Total liabilities measured at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Net recognized gains losses on equity securities) (Details) - USD ($)	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Debt and Equity Securities, Gain (Loss) [Abstract]
Net realized gains on investments sold	$ 0
Net unrealized gains on investments still held	$ 0	$ 5,000,000

DERIVATIVES, Disclosures and de

DERIVATIVES, Disclosures and derivative instrument aggregated notional amounts by currency and designations (Details) - Foreign Exchange Forward $ in Millions	Jan. 31, 2020USD ($)contracts
Cash Flow Hedging
Derivative [Line Items]
Number of Foreign Currency Derivatives Held | contracts	201
Not Designated as Hedging Instrument
Derivative [Line Items]
Number of Foreign Currency Derivatives Held | contracts	64
Designated as Hedging Instruments | Buy | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	$ 5
Designated as Hedging Instruments | Buy | Euro | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	13
Designated as Hedging Instruments | Buy | British Pound | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	0
Designated as Hedging Instruments | Buy | Singapore Dollar | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	15
Designated as Hedging Instruments | Buy | Malaysian Ringgit | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	84
Designated as Hedging Instruments | Sell | Japanese Yen | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	88
Designated as Hedging Instruments | Sell | Other Currency | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	19
Not Designated as Hedging Instrument | Buy | Euro
Derivative [Line Items]
Derivative, Notional Amount	10
Not Designated as Hedging Instrument | Buy | Singapore Dollar
Derivative [Line Items]
Derivative, Notional Amount	8
Not Designated as Hedging Instrument | Buy | Malaysian Ringgit
Derivative [Line Items]
Derivative, Notional Amount	7
Not Designated as Hedging Instrument | Sell
Derivative [Line Items]
Derivative, Notional Amount	124
Not Designated as Hedging Instrument | Sell | British Pound
Derivative [Line Items]
Derivative, Notional Amount	91
Not Designated as Hedging Instrument | Sell | Japanese Yen
Derivative [Line Items]
Derivative, Notional Amount	49
Not Designated as Hedging Instrument | Sell | Other Currency
Derivative [Line Items]
Derivative, Notional Amount	$ 9

DERIVATIVES, Fair value of deri

DERIVATIVES, Fair value of derivative instruments and Consolidated Balance Sheet location (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	$ 5	$ 2
Total derivatives Liabilities	2	6
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Other Current Assets [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	3	1
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Other Current Liabilities [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Liabilities	1	2
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other Current Assets [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	2	1
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other Current Liabilities [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Liabilities	$ 1	$ 4

DERIVATIVES, Effect of derivati

DERIVATIVES, Effect of derivative instruments on Consolidated Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within next Twelve Months	$ 1
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Accumulated Other Comprehensive Income (Loss)
Derivative [Line Items]
Gain (loss) recognized in accumulated other comprehensive income (loss)	2	$ (2)
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Cost of products and services
Derivative [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings:	(1)	0
Gain (loss) excluded from effectiveness testing recognized in earnings based on changes in fair value:	1	1
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Selling, general and administrative
Derivative [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings:	0	(1)
Not Designated as Hedging Instrument | Other (income) expense, net
Derivative [Line Items]
Gain (loss) recognized in other income (expense), net	$ 0	$ (3)

RETIREMENT PLANS AND POST RET_3

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Net Pension and post-retirement benefit cost(benefit) components) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Defined benefit plan | United States
Defined Benefit Plan Disclosure
Service cost—benefits earned during the period	$ 6	$ 5
Interest cost on benefit obligation	6	7
Expected return on plan assets	(11)	(11)
Net actuarial loss	4	3
Prior service credit	0	(1)
Settlement loss	0	0
Net periodic benefit cost (benefit)	5	3
Defined benefit plan | Non-US
Defined Benefit Plan Disclosure
Service cost—benefits earned during the period	4	3
Interest cost on benefit obligation	4	6
Expected return on plan assets	(21)	(19)
Net actuarial loss	8	7
Prior service credit	0	0
Settlement loss	0	2
Net periodic benefit cost (benefit)	(5)	(1)
Post-retirement Benefits Plan | United States
Defined Benefit Plan Disclosure
Service cost—benefits earned during the period	0	0
Interest cost on benefit obligation	1	2
Expected return on plan assets	(3)	(3)
Net actuarial loss	3	2
Prior service credit	(3)	(3)
Settlement loss	0	0
Net periodic benefit cost (benefit)	$ (2)	$ (2)

RETIREMENT PLANS AND POST RET_4

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Contributions) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
United States | Defined benefit plan
Defined Benefit Plan Disclosure
Contributions by employer	$ 0	$ 0
Estimated future employer contributions in remainder of current fiscal year	0
United States | Post-retirement Benefits Plan
Defined Benefit Plan Disclosure
Contributions by employer	0	0
Non-US | Defined benefit plan
Defined Benefit Plan Disclosure
Contributions by employer	2	$ 8
Estimated future employer contributions in remainder of current fiscal year	$ 6

RETIREMENT PLANS AND POST RET_5

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Switzerland defined benefit plan settlement) (Details) - Defined benefit plan - Non-US - USD ($) $ in Millions	Jan. 01, 2019	Jan. 31, 2020	Jan. 31, 2019
Defined Benefit Plan Disclosure
Settlement loss		$ 0	$ 2
Switzerland Defined Benefit Plan
Defined Benefit Plan Disclosure
Date of transfer of defined benefit plan assets	Jan. 1, 2019
Settlement loss			$ 2

LEASES (Details)

LEASES (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Leases [Abstract]
Operating Lease, Cost	$ 11
Variable Lease, Cost	$ 4

LEASES Supplemental Information

LEASES Supplemental Information related to leases (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Leases [Abstract]
Operating Lease, Payments	$ 11
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 12
Operating Lease, Weighted Average Remaining Lease Term	6 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	3.00%

LEASES Maturity analysis (Detai

LEASES Maturity analysis (Details) - USD ($) $ in Millions	Jan. 31, 2020	Nov. 01, 2019
Leases [Abstract]
2020 (remainder)	$ 31
2021	38
2022	31
2023	21
2024	15
Thereafter	45
Total undiscounted lease liability	181
Imputed Interest	17
Operating Lease, Liability	$ 164	$ 164

LEASES Maturity analysis ASC 84

LEASES Maturity analysis ASC 840 (Details) $ in Millions	Oct. 31, 2019USD ($)
Leases [Abstract]
2020	$ 48
2021	40
2022	31
2023	19
2024	12
Thereafter	$ 46

LEASES Lessor disclosure (Detai

LEASES Lessor disclosure (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Leases [Abstract]
Rental Income, Nonoperating	$ 3

WARRANTIES AND CONTINGENCIES (D

WARRANTIES AND CONTINGENCIES (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Guarantees [Abstract]
Standard Product Warranty Description	Our warranties on products sold through direct sales channels are primarily for one year. Warranties for products sold through distribution channels are primarily for three years.
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance at beginning of period	$ 38	$ 45
Accruals for warranties including change in estimate	5	8
Settlements made during the period	(8)	(9)
Ending balance at end of period	35	44
Standard Product Warranty Disclosure [Abstract]
Accruals for warranties due within one year	22	25
Accruals for warranties due after one year	13	19
Ending balance at end of period	$ 35	$ 44

DEBT Long Term Debt (Details)

DEBT Long Term Debt (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Debt Instrument
Total debt	$ 1,788	$ 1,788
Senior Notes 2024
Debt Instrument
Total debt	597	597
Unamortized costs	3	3
Senior Notes 2027
Debt Instrument
Total debt	695	695
Unamortized costs	5	5
Senior Notes 2029 [Member]
Debt Instrument
Total debt	496	496
Unamortized costs	$ 4	$ 4

DEBT (Short-Term Debt - Revolvi

DEBT (Short-Term Debt - Revolving Credit Facility) (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Line of Credit Facility
Document Period End Date	Jan. 31, 2020
Facility, Covenant Compliance	We were in compliance with the covenants of the Revolving Credit Facility during the three months ended January 31, 2020.
Revolving Credit Facility
Line of Credit Facility
Facility, Description	We maintain a credit facility (the “Revolving Credit Facility”) that provides for a $450 million, five-year unsecured revolving credit facility that will expire on February 15, 2022. In addition, the Revolving Credit Facility permits us to increase the total commitments under this credit facility by up to $150 million in the aggregate on one or more occasions upon request. We may use amounts borrowed under the facility for general corporate purposes. As of January 31, 2020 and October 31, 2019, we had no borrowings outstanding under the Revolving Credit Facility. We were in compliance with the covenants of the Revolving Credit Facility during the three months ended January 31, 2020.
Facility, Maximum Borrowing Capacity	$ 450
Facility, Expiration Date	Feb. 15, 2022
Additional drawings on credit facility	$ 150
Facility, Outstanding	$ 0

DEBT Debt (Textuals) (Details)

DEBT Debt (Textuals) (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Debt Disclosure [Abstract]
Letters of Credit Outstanding, Amount	$ 38	$ 37
Long Term Debt Fair Value Over Carrying Value	$ 175	$ 139

STOCKHOLDERS' EQUITY (Stock Rep

STOCKHOLDERS' EQUITY (Stock Repurchase Program) (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	May 29, 2019
Treasury Stock Transactions, Excluding Value of Shares Reissued [Abstract]
Stock Repurchase Program, Authorized Amount			$ 500
Treasury Stock, Shares, Acquired	731,918	686,398
Treasury Stock, Value, Acquired, Cost Method	$ 75	$ 40

STOCKHOLDER'S EQUITY - Accumula

STOCKHOLDER'S EQUITY - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (578)	$ (488)
Other comprehensive income (loss) before reclassifications	2	32
Amounts reclassified out of accumulated other comprehensive loss	15	9
Tax (expense) benefit	0	(2)
Other comprehensive income (loss)	17	39
Ending balance	(561)	(449)
Foreign currency translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(43)	(60)
Other comprehensive income (loss) before reclassifications	0	30
Amounts reclassified out of accumulated other comprehensive loss	0	0
Tax (expense) benefit	0	0
Other comprehensive income (loss)	0	30
Ending balance	(43)	(30)
Net defined benefit pension cost and post retirement plan costs, actuarial losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(536)	(445)
Other comprehensive income (loss) before reclassifications	0	4
Amounts reclassified out of accumulated other comprehensive loss	17	12
Tax (expense) benefit	0	(3)
Other comprehensive income (loss)	17	13
Ending balance	(519)	(432)
Net defined benefit pension cost and post retirement plan costs, prior service credits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	4	19
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified out of accumulated other comprehensive loss	(3)	(4)
Tax (expense) benefit	1	1
Other comprehensive income (loss)	(2)	(3)
Ending balance	2	16
Unrealized gain (losses) on derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3)	(2)
Other comprehensive income (loss) before reclassifications	2	(2)
Amounts reclassified out of accumulated other comprehensive loss	1	1
Tax (expense) benefit	(1)	0
Other comprehensive income (loss)	2	(1)
Ending balance	$ (1)	$ (3)

STOCKHOLDERS' EQUITY - Reclassi

STOCKHOLDERS' EQUITY - Reclassifications out of accumulated comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	$ (440)	$ (428)
Selling, general and administrative	(300)	(288)
Income Tax Expense (Benefit)	(39)	(6)
Net income	163	114
Income before taxes	202	120
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net income	(16)	(6)
Unrealized gain (losses) on derivatives | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	(1)	0
Selling, general and administrative	0	(1)
Income Tax Expense (Benefit)	0	0
Net income	(1)	(1)
Net defined benefit pension cost and post retirement plan costs, actuarial losses | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income before taxes	(17)	(12)
Net defined benefit pension cost and post retirement plan costs, prior service credits | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income before taxes	3	4
Accumulated Defined Benefit Plans Adjustment Attributable to Parent | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income Tax Expense (Benefit)	(1)	3
Net income	(15)	(5)
Income before taxes	$ (14)	$ (8)

SEGMENT INFORMATION Profitabili

SEGMENT INFORMATION Profitability (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)	Jan. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments	2
Number of Operating Segments	2
Segment Reporting, Factors Used to Identify Entity's Reportable Segments	Our operating segments were determined based primarily on how the chief operating decision maker views and evaluates our operations. Segment operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to each segment and to assess performance. Other factors, including market separation and customer specific applications, go-to-market channels, products and services and manufacturing are considered in determining the formation of these operating segments.
Segment Reporting, Additional Information about Entity's Reportable Segments	The Communications Solutions Group serves customers spanning the worldwide commercial communications and aerospace, defense, and government end markets. The group’s solutions consist of electronic design and test software, instruments, systems and related services, network test, network visibility, and security solutions. These solutions are used in the simulation, design, validation, manufacturing, installation, and optimization of electronic equipment and networks. The Electronic Industrial Solutions Group provides test and measurement solutions and related services across a broad set of electronic industrial end markets, focusing on high-value applications in the automotive and energy industry and measurement solutions for consumer electronics, education, general electronics design and manufacturing, and semiconductor design and manufacturing. The group provides electronic design and test software, instruments and systems and related services used in the simulation, design, validation, manufacturing, installation and optimization of electronic equipment.
Amortization of acquisition-related balances		$ 3
Total segment revenue	$ 1,095	1,006
Income from operations	203	121
Communications Solutions Group
Segment Reporting Information [Line Items]
Amortization of acquisition-related balances		3
Total segment revenue	818	749
Electronic Industrial Solutions Group
Segment Reporting Information [Line Items]
Amortization of acquisition-related balances		0
Total segment revenue	277	257
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total segment revenue		1,009
Income from operations	274	204
Operating Segments [Member] | Communications Solutions Group
Segment Reporting Information [Line Items]
Total segment revenue		752
Income from operations	201	150
Operating Segments [Member] | Electronic Industrial Solutions Group
Segment Reporting Information [Line Items]
Total segment revenue		257
Income from operations	$ 73	$ 54

SEGMENT INFORMATION Reconciliat

SEGMENT INFORMATION Reconciliation of Reportable Results (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Total reportable operating segments' income from operations	$ 203	$ 121
Share-based compensation expense	(39)	(27)
Amortization of acquisition-related balances	(59)	(54)
Acquisition and integration costs	(2)	(2)
Northern California wildfire-related costs	32	0
Other	(3)	0
Income from operations	203	121
Interest income	6	4
Interest expense	(19)	(20)
Other income (expense), net	12	15
Income before taxes	202	120
Operating Segments [Member]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Total reportable operating segments' income from operations	274	204
Income from operations	$ 274	$ 204

SEGMENT INFORMATION Segment A_2

SEGMENT INFORMATION Segment Assets (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Segment Reporting Information [Line Items]
Assets	$ 6,841	$ 6,623
Communications Solutions Group
Segment Reporting Information [Line Items]
Assets	3,888	3,671
Electronic Industrial Solutions Group
Segment Reporting Information [Line Items]
Assets	989	928
Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	$ 4,877	$ 4,599

NORTHERN CALIFORNIA WILDFIRES_2

NORTHERN CALIFORNIA WILDFIRES IMPACT (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Unusual or Infrequent Item, or Both [Line Items]
Northern California wildfire-related costs	$ 32	$ 0
Insurance proceeds received for damage to property, plant and equipment	32	$ 0
Northern California Wildfires [Member]
Unusual or Infrequent Item, or Both [Line Items]
Unusual or Infrequent Item, or Both, Insurance Proceeds	37
Insurance proceeds received for damage to property, plant and equipment	$ 32

NORTHERN CALIFORNIA WILDFIRES_3

NORTHERN CALIFORNIA WILDFIRES IMPACT Charges in consolidated statement of operations (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Unusual or Infrequent Item, or Both [Line Items]
Northern California wildfire-related costs	$ 32	$ 0