Keysight (KEYS) 10-Q 1 Mar 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jan. 31, 2022	Feb. 24, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Amendment Flag	false
Document Transition Report	false
Entity File Number	001-36334
Entity Registrant Name	KEYSIGHT TECHNOLOGIES, INC.
Entity Central Index Key	0001601046
Current Fiscal Year End Date	--10-31
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		181,975,058

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Net revenue:
Revenues	$ 1,250	$ 1,180
Costs and expenses:
Cost of Goods and Services Sold	446	473
Research and development	210	199
Selling, general and administrative	326	301
Other operating expense (income), net	(3)	(5)
Total costs and expenses	979	968
Income from operations	271	212
Interest income	1	1
Interest expense	(20)	(20)
Other income (expense), net	12	2
Income before taxes	264	195
Provision for income taxes	35	23
Net income	$ 229	$ 172
Net income per share:
Basic (in dollars per share)	$ 1.25	$ 0.93
Diluted (in dollars per share)	$ 1.24	$ 0.92
Weighted average shares used in computing net income per share:
Basic (in shares)	183	186
Diluted (in shares)	184	188
Products
Net revenue:
Revenues	$ 1,030	$ 970
Costs and expenses:
Cost of Goods and Services Sold	360	392
Services and other
Net revenue:
Revenues	220	210
Costs and expenses:
Cost of Goods and Services Sold	$ 86	$ 81

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 229	$ 172
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments, net of tax benefit (expense) of $(1) and $(5)	4	18
Amounts reclassified into earnings related to derivative instruments, net of tax benefit (expense) of zero	0	0
Foreign currency translation, net of tax benefit (expense) of zero	(21)	31
Net defined benefit pension cost and post retirement plan costs:
Change in net actuarial loss, net of tax expense of $2 and $5	8	14
Other comprehensive income (loss)	(9)	63
Total comprehensive income	$ 220	$ 235

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Other comprehensive income (loss), tax, parenthetical disclosures [Abstract]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	$ (1)	$ (5)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	0	0
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	0	0
Net defined benefit pension cost and post retirement plan costs, tax [Abstract]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax	$ 2	$ 5

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,977	$ 2,052
Accounts receivable, net	708	735
Inventory	804	777
Other current assets	319	270
Total current assets	3,808	3,834
Property, plant and equipment, net	672	650
Operating lease right-of-use assets	218	227
Goodwill	1,623	1,628
Other intangible assets, net	250	272
Long-term investments	65	70
Long-term deferred tax assets	695	711
Other assets	397	389
Total assets	7,728	7,781
Current liabilities:
Accounts payable	294	287
Employee compensation and benefits	247	355
Deferred revenue	495	478
Income and other taxes payable	86	74
Operating lease liabilities	40	41
Other accrued liabilities	95	74
Total current liabilities	1,257	1,309
Long-term debt	1,791	1,791
Retirement and post-retirement benefits	154	167
Long-term deferred revenue	190	187
Long-term operating lease liabilities	183	191
Other long-term liabilities	343	352
Total liabilities	3,918	3,997
Commitments and Contingencies
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; 198 million shares at January 31, 2022 and 197 million shares at October 31, 2021 issued	2	2
Treasury stock at cost; 16.2 million shares at January 31, 2022 and 15.1 million shares at October 31, 2021	(1,631)	(1,425)
Additional paid-in-capital	2,231	2,219
Retained earnings	3,659	3,430
Accumulated other comprehensive loss	(451)	(442)
Total stockholders' equity	3,810	3,784
Total liabilities and equity	$ 7,728	$ 7,781

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - $ / shares shares in Thousands	Jan. 31, 2022	Oct. 31, 2021
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000	100,000
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)	1,000,000	1,000,000
Common Stock, Shares, Issued	198,000	197,000
Treasury Stock, Shares	16,200	15,100

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Cash flows from operating activities:
Net income	$ 229	$ 172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	30	28
Amortization	27	59
Share-based compensation	50	43
Deferred tax expense	9	1
Excess and obsolete inventory-related charges	6	7
Other non-cash expense (income), net	5	7
Changes in assets and liabilities:
Accounts receivable	25	(38)
Inventory	(32)	0
Accounts payable	(4)	4
Employee compensation and benefits	(117)	(54)
Deferred revenue	28	50
Income taxes payable	14	(1)
Retirement and post-retirement benefits	(9)	(1)
Other assets and liabilities	(37)	18
Net cash provided by operating activities	224	295
Cash flows from investing activities:
Investments in property, plant and equipment	(42)	(28)
Acquisition of businesses and intangible assets, net of cash acquired	(7)	(96)
Net cash used in investing activities	(49)	(124)
Cash flows from financing activities:
Proceeds from issuance of common stock under employee stock plans	31	28
Payment of taxes related to net share settlement of equity awards	(72)	(49)
Treasury stock repurchases	(206)	(20)
Payment of acquisition-related contingent consideration	0	(2)
Net cash used in financing activities	(247)	(43)
Effect of exchange rate movements	(4)	8
Net increase (decrease) in cash, cash equivalents, and restricted cash	(76)	136
Cash, cash equivalents, and restricted cash at beginning of period	2,068	1,767
Cash, cash equivalents, and restricted cash at end of period	1,992	1,903
Supplemental Cash Flow Elements [Abstract]
Interest payments	0	0
Income tax paid, net	12	22
Investments in property, plant and equipment included in accounts payable	$ 34	$ 13

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement - USD ($) $ 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]
Common Stock, Shares, Outstanding at Oct. 31, 2020		195,661,000
Treasury Stock, Shares at Oct. 31, 2020				(10,732,000)
Stockholders' Equity, Balance at Oct. 31, 2020	$ 3,297	$ 2	$ 2,110	$ (752)	$ 2,536	$ (599)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (shares)		1,193,000
Issuance of common stock ($)	28		28
Taxes related to net share settlement of equity awards	(49)		(49)
Share-based compensation	45		45
Net income	172				172
Other comprehensive income (loss), net of tax	$ 63					63
Treasury Stock, Shares, Acquired	(137,200)			(137,000)
Repurchase of common stock	$ (20)			$ (20)
Common Stock, Shares, Outstanding at Jan. 31, 2021		196,854,000
Treasury Stock, Shares at Jan. 31, 2021				(10,869,000)
Stockholders' Equity, Balance at Jan. 31, 2021	$ 3,536	$ 2	2,134	$ (772)	2,708	(536)
Common Stock, Shares, Outstanding at Oct. 31, 2021		197,248,000
Treasury Stock, Shares at Oct. 31, 2021	15,100,000			(15,094,000)
Stockholders' Equity, Balance at Oct. 31, 2021	$ 3,784	$ 2	2,219	$ (1,425)	3,430	(442)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (shares)		947,000
Issuance of common stock ($)	31		31
Taxes related to net share settlement of equity awards	(72)		(72)
Share-based compensation	53		53
Net income	229				229
Other comprehensive income (loss), net of tax	$ (9)					(9)
Treasury Stock, Shares, Acquired	(1,128,733)			(1,129,000)
Repurchase of common stock	$ (206)			$ (206)
Common Stock, Shares, Outstanding at Jan. 31, 2022		198,195,000
Treasury Stock, Shares at Jan. 31, 2022	16,200,000			(16,223,000)
Stockholders' Equity, Balance at Jan. 31, 2022	$ 3,810	$ 2	$ 2,231	$ (1,631)	$ 3,659	$ (451)

OVERVIEW, BASIS OF PRESENTATION

OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
OVERVIEW, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. OVERVIEW 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 development 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, 2022 and October 31, 2021, results of operations for the three months ended January 31, 2022 and 2021, and cash flows for the three months ended January 31, 2022 and 2021. 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. Update to Significant Accounting Policies. Except as set forth in the "new accounting pronouncements" section below, 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, 2021. New Accounting Pronouncements. ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . In October 2021, the Financial Accounting Standards Board (“FASB”) issued guidance that requires entities to apply Accounting Standards Codification Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. We adopted this guidance effective November 1, 2021. The adoption of this guidance did not have a material impact to our condensed consolidated financial statements. Other amendments to GAAP that do not require adoption until a future date are not expected to have a material impact on our condensed consolidated financial statements upon adoption.

REVENUE (Notes)

REVENUE (Notes)	3 Months Ended
	Jan. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	2. REVENUE Disaggregation of Revenue We disaggregate our revenue from contracts with customers by geographic region, end market, and timing of revenue recognition, 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, Communications Solutions Group ("CSG") and Electronics Industrial Solutions Group ("EISG"). Three Months Ended January 31, 2022 2021 CSG EISG Total CSG EISG Total (in millions) Region Americas $ 404 $ 79 $ 483 $ 401 $ 67 $ 468 Europe 143 83 226 132 70 202 Asia Pacific 331 210 541 319 191 510 Total revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 End Market Aerospace, Defense & Government $ 294 $ — $ 294 $ 294 $ — $ 294 Commercial Communications 584 — 584 558 — 558 Electronic Industrial — 372 372 — 328 328 Total revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 Timing of Revenue Recognition Revenue recognized at a point in time $ 730 $ 322 $ 1,052 $ 712 $ 284 $ 996 Revenue recognized over time 148 50 198 140 44 184 Total revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 Our point-in-time revenues are generated predominantly from the sale of various types of design and test software and hardware, and per-incident repair and calibration services. Perpetual software and the portion of term software subscription revenue in this category represents revenue recognized up front upon transfer of control at the time of electronic delivery. Revenue on per-incident repair and calibration services is recognized when services are performed. Over-time revenues are generated predominantly from the repair and calibration contracts, extended warranties, technical support for hardware and software, certain software subscription and Software as a Service ("SaaS") product offerings, and professional services. Technical support for software and when-and-if available software updates and upgrades are sold either together with our software licenses and software subscriptions, including SaaS, or separately as part of our customer support programs. Additionally, we provide custom solutions that include combinations of hardware, software, software subscriptions, installation, professional services, and other support services, and revenue may be recognized either up front on delivery or over time depending upon the terms of the contract. Contract Balances Contract assets Contract assets consist of unbilled receivables and are recorded when revenue is recognized in advance of scheduled billings to our customers. These amounts are primarily related to solutions and support arrangements when transfer of control has occurred but we have not yet invoiced. The contract assets balances were $89 million and $84 million as of January 31, 2022 and October 31, 2021, respectively, and is included in "accounts receivables, net" and "other assets" in our condensed consolidated balance sheet. Contract costs We capitalize direct and incremental costs incurred to acquire contracts for which the associated revenue is expected to be recognized in future periods. We have determined that certain employee and third-party representative commission programs meet the requirements to be capitalized. These costs are initially deferred and typically amortized over the term of the customer contract which corresponds to the period of benefit. Capitalized contract costs were $41 million and $39 million as of January 31, 2022 and October 31, 2021, respectively, and are included in “other current assets” and “other assets” in the condensed consolidated balance sheet. The amortization expense associated with these costs was $22 million and $18 million for the three months ended January 31, 2022 and 2021, respectively. 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. The following table provides a roll-forward of our contract liabilities, current and non-current: Three Months Ended January 31, 2022 (in millions) Balance at October 31 $ 665 Deferral of revenue billed in current period, net of recognition 233 Revenue recognized that was deferred as of the beginning of the period (208) Foreign currency translation impact (5) Balance at January 31 $ 685 Remaining Performance Obligations Our remaining performance obligations, excluding contracts that have an original expected duration of one year or less, was approximately $398 million as of January 31, 2022, and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. As of January 31, 2022, we expect to fulfill 40 percent of these unsatisfied performance obligations during the remainder of 2022, 34 percent during 2023, and 26 percent thereafter.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Jan. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]
SHARE-BASED COMPENSATION	3. 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”), 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 expense on our condensed consolidated statement of operations was as follows: Three Months Ended January 31, 2022 2021 (in millions) Cost of products and services $ 8 $ 7 Research and development 11 9 Selling, general and administrative 32 27 Total share-based compensation expense $ 51 $ 43 Share-based compensation capitalized within inventory was $3 million and $2 million at January 31, 2022 and January 31, 2021. Performance awards based on total shareholder return ("TSR") are 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 valuation is done once every year in the first quarter at the time of annual grants. The following assumptions were used to estimate the fair value of TSR-based performance awards: Three Months Ended January 31, 2022 2021 Volatility of Keysight shares 36 % 36 % Volatility of index 23 % 23 % Price-wise correlation with selected peers 67 % 67 %

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	4. INCOME TAXES The following table provides details of income taxes (in millions, except percentages): Three Months Ended January 31, 2022 2021 (in millions) Income before taxes $ 264 $ 195 Provision for income taxes $ 35 $ 23 Effective tax rate 13.1 % 11.6 % The tax expense for the three months ended January 31, 2022 was higher compared to the same period last year, primarily due to an increase in income before taxes and a decrease in discrete tax benefits, partially offset by a change in the jurisdictional mix of non-U.S. earnings which increased the earnings taxed at the incentive tax rates in 2022. The income tax expense included a net discrete benefit of $8 million and $11 million for the three months ended January 31, 2022 and 2021, respectively. The decrease in discrete tax benefit for the three months ended January 31, 2022 was primarily due to a one-time benefit from U.S. state R&D credits recorded in 2021 and an increase in prior year non-U.S. tax liabilities, partially offset by an increase in discrete benefit from stock compensation. Keysight benefits from tax incentives in several jurisdictions, most significantly in Singapore and Malaysia, 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 Singapore tax incentive is due for renewal in 2024, and the Malaysia incentive is due for renewal in 2025. The impact of the tax incentives decreased the income tax provision by $19 million and $10 million for the three months ended January 31, 2022 and 2021, respectively. The increase in tax benefit for the three months ended January 31, 2022 is primarily due to a change in the jurisdictional mix of non-U.S. earnings, which increased the earnings taxed at incentive tax rates in 2022. The open tax years for the U.S. federal income tax return and most state income tax returns are from November 1, 2017 through the current tax year. For the majority of our foreign entities, the open tax years are from November 1, 2016 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. Keysight’s fiscal year 2018 U.S. federal income tax return is currently under examination by the Internal Revenue Service. The Tax Cuts and Jobs Act was enacted in December 2017 and imposed a one-time U.S. tax on foreign earnings not previously repatriated to the U.S., known as the Transition Tax, which was reported in Keysight’s 2018 U.S. federal income tax return. The company is being audited in Malaysia for the 2008 tax year. This tax year pre-dates our separation from Agilent. However, 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 year 2017, Keysight paid income taxes and penalties of $68 million on gains related to intellectual property rights. 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 disputing this assessment and pursuing all avenues to resolve this issue favorably for the company. Our appeals to both the Special Commissioners of Income Tax and the High Court in Malaysia have been unsuccessful. We have filed a Notice of Appeal with the Court of Appeal. At this time, management does not believe that the outcome of any ongoing examination will have a material impact on our consolidated financial statements. We believe that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax examinations cannot be predicted with certainty. If the resolution of any tax issues addressed in our current open examinations are inconsistent with management’s expectations, we may be required to adjust our tax provision for income taxes in the period in which such resolution occurs.

NET INCOME PER SHARE

NET INCOME PER SHARE	3 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
NET INCOME PER SHARE	5. NET INCOME PER SHARE The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts): Three Months Ended January 31, 2022 2021 (in millions) Net income $ 229 $ 172 Basic weighted-average shares 183 186 Potential common shares— stock options and other employee stock plans 1 2 Diluted weighted-average shares 184 188 Net income per share - basic $ 1.25 $ 0.93 Net income per share - diluted $ 1.24 $ 0.92 Diluted shares outstanding include the dilutive effect of in-the-money options and non-vested RSUs. The diluted effect of such awards is calculated based on the average share price of each period using the treasury stock method, except where the inclusion of such awards would have an anti-dilutive impact.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	6. GOODWILL AND OTHER INTANGIBLE ASSETS The goodwill balance as of January 31, 2022 and October 31, 2021 and the activity for the three months ended January 31, 2022 for each of our reportable operating segments were as follows: CSG EISG Total (in millions) Goodwill at October 31, 2021 $ 1,069 $ 559 $ 1,628 Foreign currency translation impact (5) (2) (7) Goodwill arising from acquisitions — 2 2 Goodwill at January 31, 2022 $ 1,064 $ 559 $ 1,623 As of January 31, 2022 and October 31, 2021, accumulated impairment losses on goodwill was $709 million. Other intangible assets as of January 31, 2022 and October 31, 2021 consisted of the following: January 31, 2022 October 31, 2021 Gross Accumulated Net Book Gross Accumulated Net Book (in millions) Developed technology $ 973 $ 878 $ 95 $ 969 $ 866 $ 103 Backlog 17 17 — 17 17 — Trademark/Tradename 36 29 7 36 28 8 Customer relationships 389 248 141 389 235 154 Total amortizable intangible assets 1,415 1,172 243 1,411 1,146 265 In-Process R&D 7 — 7 7 — 7 Total $ 1,422 $ 1,172 $ 250 $ 1,418 $ 1,146 $ 272 During the three months ended January 31, 2022, we used $7 million, net of cash acquired, for acquisitions activity, and recognized goodwill and other intangible assets of $2 million and $5 million, respectively, based on the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed. Goodwill for the acquisitions was assigned to the Electronics Industrial Solutions Group. Goodwill is assessed for impairment on a reporting unit basis at least annually in the fourth quarter of each year, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. The company has not identified any triggering events that indicate an impairment of goodwill for the three months ended January 31, 2022. During the three months ended January 31, 2022, other intangible assets decreased $1 million due to the impact of foreign exchange translation. Amortization of other intangible assets was $26 million and $58 million for the three months ended January 31, 2022 and 2021, respectively. Estimated intangible assets amortization expense for each of the five succeeding fiscal years is as follows: Amortization expense (in millions) 2022 (remainder) $ 75 2023 $ 79 2024 $ 39 2025 $ 22 2026 $ 12 Thereafter $ 16

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Jan. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	7. 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, 2022 and October 31, 2021 were as follows: Fair Value Measurements at January 31, 2022 October 31, 2021 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 $ 1,186 $ 1,186 $ — $ — $ — $ 1,296 $ 1,296 $ — $ — $ — Derivative instruments (foreign exchange contracts) 5 — 5 — — 6 — 6 — — Long-term Derivative instruments (interest rate swaps) 56 — 56 — — 48 — 48 — — Equity investments 56 56 — — — 60 60 — — — Equity investments - other 10 — — — 10 10 — — — 10 Total assets measured at fair value $ 1,313 $ 1,242 $ 61 $ — $ 10 $ 1,420 $ 1,356 $ 54 $ — $ 10 Liabilities: Short-term Derivative instruments (foreign exchange contracts) $ 4 $ — $ 4 $ — $ — $ 4 $ — $ 4 $ — $ — Long-term Deferred compensation liability 24 — 24 — — 24 — 24 — — Total liabilities measured at fair value $ 28 $ — $ 28 $ — $ — $ 28 $ — $ 28 $ — $ —

DERIVATIVES

DERIVATIVES	3 Months Ended
	Jan. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	8. 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 based on a rolling period of up to twelve months. These derivative instruments are designated and qualify as cash flow hedges under the criteria prescribed in the authoritative guidance. In fiscal 2020, we entered into forward starting interest rate swaps with an aggregate notional amount of $600 million associated with future interest payments on anticipated debt issuances through fiscal year 2024. The contract terms allow us to lock-in a treasury rate on anticipated debt issuances. These derivative instruments are designated and qualify as cash flow hedges under the criteria prescribed in the authoritative guidance. Non-designated 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. The number of open foreign exchange forward contracts designated as "cash flow hedges" and "not designated as hedging instruments" was 225 and 60, respectively, as of January 31, 2022. The aggregated notional amounts by currency and designation as of January 31, 2022 were as follows: Derivatives in Cash Flow Derivatives Not Designated as Hedging Instruments Forward Forward Currency Buy/(Sell) Buy/(Sell) (in millions) Euro $ 44 $ 39 British Pound 18 (93) Singapore Dollar 26 27 Malaysian Ringgit 99 9 Japanese Yen (110) (70) Other currencies 16 (10) Total $ 93 $ (98) 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, 2022 and October 31, 2021 were as follows: Fair Values of Derivative Instruments Assets Derivatives Liabilities Derivatives Fair Value Fair Value Balance Sheet Location January 31, 2022 October 31, 2021 Balance Sheet Location January 31, 2022 October 31, 2021 (in millions) Derivatives designated as hedging instruments: Cash flow hedges Foreign exchange contracts Other current assets $ 4 $ 5 Other accrued liabilities $ 3 $ 1 Interest rate swap contracts: Other assets 56 48 Derivatives not designated as hedging instruments: Foreign exchange contracts Other current assets 1 1 Other accrued liabilities 1 3 Total derivatives $ 61 $ 54 $ 4 $ 4 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, 2022 2021 (in millions) Derivatives designated as hedging instruments: Cash Flow Hedges Interest rate swap contracts: Gain (loss) recognized in accumulated other comprehensive income (loss) $ 8 $ 21 Foreign exchange contracts: Gain (loss) recognized in accumulated other comprehensive income (loss) $ (3) $ 2 Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings: Cost of products $ 1 $ (1) Selling, general and administrative $ (1) $ 1 Derivatives not designated as hedging instruments: Gain (loss) recognized in: Cost of products $ — $ 1 Other income (expense), net $ 3 $ (4) The estimated amount at January 31, 2022 expected to be reclassified from accumulated other comprehensive income (loss) to earnings within the next twelve months is zero.

DEBT (Notes)

DEBT (Notes)	3 Months Ended
	Jan. 31, 2022
Debt Disclosure [Abstract]
DEBT	9. DEBT The following table summarizes the components of our long-term debt: January 31, 2022 October 31, 2021 (in millions) 2024 Senior Notes at 4.55% ($600 face amount less unamortized costs of $1 and $1) $ 599 $ 599 2027 Senior Notes at 4.60% ($700 face amount less unamortized costs of $4 and $4) 696 696 2029 Senior Notes at 3.00% ($500 face amount less unamortized costs of $4 and $4) 496 496 Total debt $ 1,791 $ 1,791 Short-Term Debt Revolving Credit Facility On July 30, 2021, we entered into a new credit agreement that amended and restated our existing credit agreement dated February 15, 2017 in its entirety, and provides for a $750 million five-year unsecured revolving credit facility (the “Revolving Credit Facility”) that will expire on July 30, 2026 and bears interest at an annual rate of LIBOR + 1 percent along with a facility fee of 0.125 percent per annum. In addition, the new credit agreement permits the company, subject to certain customary conditions, on one or more occasions to request to increase the total commitments under the Revolving Credit Facility by up to $250 million in the aggregate. We may use amounts borrowed under the facility for general corporate purposes. As of January 31, 2022 and October 31, 2021, 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, 2022 . 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, 2022 as compared to the senior notes described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021. We were in compliance with the covenants of our senior notes during the three months ended January 31, 2022 . As of January 31, 2022 and October 31, 2021, we had $41 million and $40 million, respectively, of outstanding letters of credit and surety bonds unrelated to the credit facility that were issued by various lenders.

RETIREMENT PLANS AND POST RETIR

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS	3 Months Ended
	Jan. 31, 2022
Retirement Benefits [Abstract]
RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS	10. RETIREMENT PLANS AND POST-RETIREMENT BENEFIT PLANS For the three months ended January 31, 2022 and 2021, 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, 2022 2021 2022 2021 2022 2021 (in millions) Service cost—benefits earned during the period $ 6 $ 6 $ 3 $ 4 $ — $ — Interest cost on benefit obligation 6 5 4 4 1 1 Expected return on plan assets (15) (13) (15) (20) (4) (3) Amortization of net actuarial loss 3 6 6 10 — 3 Net periodic benefit cost (benefit) $ — $ 4 $ (2) $ (2) $ (3) $ 1 We record the service cost component of net periodic benefit cost (benefit) in the same line item as other employee compensation costs. 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 recorded 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, 2022 and 2021. We contributed $3 million to our non-U.S. defined benefit plans during each of the three months ended January 31, 2022 and 2021. For the remainder of 2022, we do not expect to contribute to our U.S. defined benefit plan and U.S. post-retirement benefit plan, and we expect to contribute $7 million to our non-U.S. defined benefit plans. The ultimate amounts we will contribute depend upon, among other things, legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors.

SUPPLEMENTAL FINANCIAL INFORMAT

SUPPLEMENTAL FINANCIAL INFORMATION (Notes)	3 Months Ended
	Jan. 31, 2022
Disclosure Text Block [Abstract]
Additional Financial Information Disclosure	11. SUPPLEMENTAL FINANCIAL INFORMATION The following tables provide details of selected balance sheet items: Cash, cash equivalents, and restricted cash January 31, 2022 October 31, 2021 (in millions) Cash and cash equivalents $ 1,977 $ 2,052 Restricted cash included in other assets 15 16 Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 1,992 $ 2,068 Restricted cash primarily relates to deficit reduction contributions to an escrow account for one of our non-U.S. defined benefit pension plans and deposits held as collateral against bank guarantees. Inventory January 31, 2022 October 31, 2021 (in millions) Finished goods $ 331 $ 329 Purchased parts and fabricated assemblies 473 448 Total inventory $ 804 $ 777 The increase in inventory for the three months ended January 31, 2022, is primarily driven by incremental provisions to secure supply in the current supply-constrained environment. Property, plant and equipment January 31, 2022 October 31, 2021 (in millions) Land $ 60 $ 61 Buildings and leasehold improvements 816 785 Machinery and equipment 1,340 1,328 Total property, plant and equipment 2,216 2,174 Accumulated depreciation of property, plant and equipment (1,544) (1,524) Property, plant and equipment, net $ 672 $ 650 The increase in property, plant and equipment, net, for the three months ended January 31, 2022, is primarily driven by increased capital spending for capacity and technology investments. Asset impairments were zero for the three months ended January 31, 2022 and 2021. Depreciation expense was $30 million and $28 million for the three months ended January 31, 2022 and 2021, respectively. Leases Operating lease expense was $13 million for both the three months ended January 31, 2022 and 2021. Variable lease expense was $4 million and $5 million for the three months ended January 31, 2022 and 2021, respectively. Cash paid for operating leases was $13 million for both the three months ended January 31, 2022 and 2021. Right-of-use ("ROU") assets obtained in exchange for operating lease obligations was $5 million and $41 million for the three months ended January 31, 2022 and 2021, respectively. The decrease in ROU assets was primarily driven by reassessment of a lease term in the prior year triggered by significant leasehold improvements. 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, 2022 2021 (in millions) Beginning balance $ 34 $ 33 Accruals for warranties, including change in estimates 7 9 Settlements made during the period (6) (7) Ending balance $ 35 $ 35 Accruals for warranties due within one year $ 21 $ 21 Accruals for warranties due after one year 14 14 Ending balance $ 35 $ 35

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES Commitments During the three months ended January 31, 2022, there were no material changes to the purchase commitments as reported in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021. Contingencies On August 3, 2021, we entered into a Consent Agreement with the Directorate of Defense Trade Controls, Bureau of Political-Military Affairs, Department of State to resolve alleged violations of the Arms Export Control Act and the International Traffic in Arms Regulations ("ITAR"). Pursuant to the Consent Agreement, we were assessed a penalty of $6.6 million to be paid over three years, $2.5 million of which is suspended and designated for remediation activities, including employment of a special compliance officer for three years. We have paid $1.1 million of the assessed amount as of January 31, 2022. We are also involved in lawsuits, claims, investigations and proceedings, including, but not limited to, patent, commercial

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jan. 31, 2022
Statement of Comprehensive Income [Abstract]
STOCKHOLDERS EQUITY	13. STOCKHOLDERS' EQUITY Stock Repurchase Program On November 18, 2021, our board of directors approved a new stock repurchase program authorizing the purchase of up to $1,200 million of the company’s common stock, replacing the previously approved November 2020 program, under which $77 million remained. Under our stock repurchase program, 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, 2022, we repurchased 1,128,733 shares of common stock for $206 million. For the three months ended January 31, 2021, we repurchased 137,200 shares of common stock for $20 million. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component and related tax effects for the three months ended January 31, 2022 and 2021 were as follows: Foreign currency translation Net defined benefit pension cost and post retirement plan costs Unrealized gains (losses) on derivatives Total Actuarial losses Prior service credits (in millions) As of October 31, 2021 $ (20) $ (456) $ (6) $ 40 $ (442) Other comprehensive income (loss) before reclassifications (21) — — 5 (16) Amounts reclassified out of accumulated other comprehensive gain (loss) — 10 — — 10 Tax benefit (expense) — (2) — (1) (3) Other comprehensive income (loss) (21) 8 — 4 (9) As of January 31, 2022 $ (41) $ (448) $ (6) $ 44 $ (451) As of October 31, 2020 $ (10) $ (600) $ (5) $ 16 $ (599) Other comprehensive income (loss) before reclassifications 31 — — 23 54 Amounts reclassified out of accumulated other comprehensive gain (loss) — 19 — — 19 Tax benefit (expense) — (5) — (5) (10) Other comprehensive income (loss) 31 14 — 18 63 As of January 31, 2021 $ 21 $ (586) $ (5) $ 34 $ (536) Reclassifications out of accumulated other comprehensive loss for the three months ended January 31, 2022 and 2021 were as follows: Details about accumulated other comprehensive loss components Amounts reclassified from other comprehensive loss Affected line item in statement of operations Three Months Ended January 31, 2022 2021 (in millions) Unrealized gain (loss) on derivatives $ 1 $ (1) Cost of products (1) 1 Selling, general and administrative — — Benefit (provision) for income tax — — Net of Income tax Net defined benefit pension cost and post retirement plan costs: Net actuarial loss (10) (19) 2 5 Benefit (provision) for income tax (8) (14) Net of income tax Total reclassifications for the period $ (8) $ (14) 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 10, "Retirement Plans and Post-Retirement Benefit Plans").

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	14. SEGMENT INFORMATION We report our results in two reportable segments: Communications Solutions Group ("CSG") and Electronic Industrial Solutions Group ("EISG"). The results of our reportable segments are based on our management reporting system and 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. 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 costs, interest income, interest expense and other items as noted in the reconciliations below. Three Months Ended January 31, 2022 2021 CSG EISG Total CSG EISG Total (in millions) Revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 Segment income from operations $ 237 $ 114 $ 351 $ 224 $ 96 $ 320 The following table reconciles total reportable operating segments’ income from operations to our income before taxes, as reported: Three Months Ended January 31, 2022 2021 (in millions) Total reportable operating segments' income from operations $ 351 $ 320 Share-based compensation (51) (43) Amortization of acquisition-related balances (26) (58) Acquisition and integration costs (3) (3) Restructuring and other — (4) Income from operations, as reported 271 212 Interest income 1 1 Interest expense (20) (20) Other income (expense), net 12 2 Income before taxes, as reported $ 264 $ 195

Subsequent Events

Subsequent Events	3 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	15. SUBSEQUENT EVENT Keysight announced on February 24, 2022, that Ron Nersesian will retire as President and Chief Executive Officer of Keysight effective May 1, 2022, and on that date, Satish Dhanasekaran, current Chief Operating Officer of the company, will become President and Chief Executive Officer, as well as join the Keysight Board of Directors. Additionally, Mr. Nersesian will remain as Executive Chair of the Board.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Jan. 31, 2022
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	We disaggregate our revenue from contracts with customers by geographic region, end market, and timing of revenue recognition, 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, Communications Solutions Group ("CSG") and Electronics Industrial Solutions Group ("EISG"). Three Months Ended January 31, 2022 2021 CSG EISG Total CSG EISG Total (in millions) Region Americas $ 404 $ 79 $ 483 $ 401 $ 67 $ 468 Europe 143 83 226 132 70 202 Asia Pacific 331 210 541 319 191 510 Total revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 End Market Aerospace, Defense & Government $ 294 $ — $ 294 $ 294 $ — $ 294 Commercial Communications 584 — 584 558 — 558 Electronic Industrial — 372 372 — 328 328 Total revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 Timing of Revenue Recognition Revenue recognized at a point in time $ 730 $ 322 $ 1,052 $ 712 $ 284 $ 996 Revenue recognized over time 148 50 198 140 44 184 Total revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 Our point-in-time revenues are generated predominantly from the sale of various types of design and test software and hardware, and per-incident repair and calibration services. Perpetual software and the portion of term software subscription revenue in this category represents revenue recognized up front upon transfer of control at the time of electronic delivery. Revenue on per-incident repair and calibration services is recognized when services are performed. Over-time revenues are generated predominantly from the repair and calibration contracts, extended warranties, technical support for hardware and software, certain software subscription and Software as a Service ("SaaS") product offerings, and professional services. Technical support for software and when-and-if available software updates and upgrades are sold either together with our software licenses and software subscriptions, including SaaS, or separately as part of our customer support programs.
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	The following table provides a roll-forward of our contract liabilities, current and non-current: Three Months Ended January 31, 2022 (in millions) Balance at October 31 $ 665 Deferral of revenue billed in current period, net of recognition 233 Revenue recognized that was deferred as of the beginning of the period (208) Foreign currency translation impact (5) Balance at January 31 $ 685
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Remaining Performance Obligations Our remaining performance obligations, excluding contracts that have an original expected duration of one year or less, was approximately $398 million as of January 31, 2022, and represents the company’s obligation to deliver products and services and obtain customer acceptance on delivered products. As of January 31, 2022, we expect to fulfill 40 percent of these unsatisfied performance obligations during the remainder of 2022, 34 percent during 2023, and 26 percent thereafter.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Jan. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]
Allocated Share-based compensation expense disclosure	Three Months Ended January 31, 2022 2021 (in millions) Cost of products and services $ 8 $ 7 Research and development 11 9 Selling, general and administrative 32 27 Total share-based compensation expense $ 51 $ 43
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 TSR-based performance awards: Three Months Ended January 31, 2022 2021 Volatility of Keysight shares 36 % 36 % Volatility of index 23 % 23 % Price-wise correlation with selected peers 67 % 67 %

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	The following table provides details of income taxes (in millions, except percentages): Three Months Ended January 31, 2022 2021 (in millions) Income before taxes $ 264 $ 195 Provision for income taxes $ 35 $ 23 Effective tax rate 13.1 % 11.6 %

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	3 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of the numerators and denominators of the basic and diluted net income per share	The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts): Three Months Ended January 31, 2022 2021 (in millions) Net income $ 229 $ 172 Basic weighted-average shares 183 186 Potential common shares— stock options and other employee stock plans 1 2 Diluted weighted-average shares 184 188 Net income per share - basic $ 1.25 $ 0.93 Net income per share - diluted $ 1.24 $ 0.92

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill balances and movements for each reportable segments during the period	The goodwill balance as of January 31, 2022 and October 31, 2021 and the activity for the three months ended January 31, 2022 for each of our reportable operating segments were as follows: CSG EISG Total (in millions) Goodwill at October 31, 2021 $ 1,069 $ 559 $ 1,628 Foreign currency translation impact (5) (2) (7) Goodwill arising from acquisitions — 2 2 Goodwill at January 31, 2022 $ 1,064 $ 559 $ 1,623 As of January 31, 2022 and October 31, 2021, accumulated impairment losses on goodwill was $709 million.
Components of other intangibles during the period	Other intangible assets as of January 31, 2022 and October 31, 2021 consisted of the following: January 31, 2022 October 31, 2021 Gross Accumulated Net Book Gross Accumulated Net Book (in millions) Developed technology $ 973 $ 878 $ 95 $ 969 $ 866 $ 103 Backlog 17 17 — 17 17 — Trademark/Tradename 36 29 7 36 28 8 Customer relationships 389 248 141 389 235 154 Total amortizable intangible assets 1,415 1,172 243 1,411 1,146 265 In-Process R&D 7 — 7 7 — 7 Total $ 1,422 $ 1,172 $ 250 $ 1,418 $ 1,146 $ 272
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) 2022 (remainder) $ 75 2023 $ 79 2024 $ 39 2025 $ 22 2026 $ 12 Thereafter $ 16

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Jan. 31, 2022
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, 2022 and October 31, 2021 were as follows: Fair Value Measurements at January 31, 2022 October 31, 2021 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 $ 1,186 $ 1,186 $ — $ — $ — $ 1,296 $ 1,296 $ — $ — $ — Derivative instruments (foreign exchange contracts) 5 — 5 — — 6 — 6 — — Long-term Derivative instruments (interest rate swaps) 56 — 56 — — 48 — 48 — — Equity investments 56 56 — — — 60 60 — — — Equity investments - other 10 — — — 10 10 — — — 10 Total assets measured at fair value $ 1,313 $ 1,242 $ 61 $ — $ 10 $ 1,420 $ 1,356 $ 54 $ — $ 10 Liabilities: Short-term Derivative instruments (foreign exchange contracts) $ 4 $ — $ 4 $ — $ — $ 4 $ — $ 4 $ — $ — Long-term Deferred compensation liability 24 — 24 — — 24 — 24 — — Total liabilities measured at fair value $ 28 $ — $ 28 $ — $ — $ 28 $ — $ 28 $ — $ —

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Jan. 31, 2022
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, 2022 were as follows: Derivatives in Cash Flow Derivatives Not Designated as Hedging Instruments Forward Forward Currency Buy/(Sell) Buy/(Sell) (in millions) Euro $ 44 $ 39 British Pound 18 (93) Singapore Dollar 26 27 Malaysian Ringgit 99 9 Japanese Yen (110) (70) Other currencies 16 (10) Total $ 93 $ (98)
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, 2022 and October 31, 2021 were as follows: Fair Values of Derivative Instruments Assets Derivatives Liabilities Derivatives Fair Value Fair Value Balance Sheet Location January 31, 2022 October 31, 2021 Balance Sheet Location January 31, 2022 October 31, 2021 (in millions) Derivatives designated as hedging instruments: Cash flow hedges Foreign exchange contracts Other current assets $ 4 $ 5 Other accrued liabilities $ 3 $ 1 Interest rate swap contracts: Other assets 56 48 Derivatives not designated as hedging instruments: Foreign exchange contracts Other current assets 1 1 Other accrued liabilities 1 3 Total derivatives $ 61 $ 54 $ 4 $ 4
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, 2022 2021 (in millions) Derivatives designated as hedging instruments: Cash Flow Hedges Interest rate swap contracts: Gain (loss) recognized in accumulated other comprehensive income (loss) $ 8 $ 21 Foreign exchange contracts: Gain (loss) recognized in accumulated other comprehensive income (loss) $ (3) $ 2 Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings: Cost of products $ 1 $ (1) Selling, general and administrative $ (1) $ 1 Derivatives not designated as hedging instruments: Gain (loss) recognized in: Cost of products $ — $ 1 Other income (expense), net $ 3 $ (4)

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Jan. 31, 2022
Debt Instrument
Schedule of Long-term Debt Instruments	The following table summarizes the components of our long-term debt: January 31, 2022 October 31, 2021 (in millions) 2024 Senior Notes at 4.55% ($600 face amount less unamortized costs of $1 and $1) $ 599 $ 599 2027 Senior Notes at 4.60% ($700 face amount less unamortized costs of $4 and $4) 696 696 2029 Senior Notes at 3.00% ($500 face amount less unamortized costs of $4 and $4) 496 496 Total debt $ 1,791 $ 1,791

RETIREMENT PLANS AND POST RET_2

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)	3 Months Ended
	Jan. 31, 2022
Retirement Benefits [Abstract]
Schedule of net pension and post-retirement benefit costs	For the three months ended January 31, 2022 and 2021, 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, 2022 2021 2022 2021 2022 2021 (in millions) Service cost—benefits earned during the period $ 6 $ 6 $ 3 $ 4 $ — $ — Interest cost on benefit obligation 6 5 4 4 1 1 Expected return on plan assets (15) (13) (15) (20) (4) (3) Amortization of net actuarial loss 3 6 6 10 — 3 Net periodic benefit cost (benefit) $ — $ 4 $ (2) $ (2) $ (3) $ 1

SUPPLEMENTAL FINANCIAL INFORM_2

SUPPLEMENTAL FINANCIAL INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Cash, cash equivalents, and restricted cash January 31, 2022 October 31, 2021 (in millions) Cash and cash equivalents $ 1,977 $ 2,052 Restricted cash included in other assets 15 16 Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 1,992 $ 2,068
Schedule of Inventory, Current [Table Text Block]	Inventory January 31, 2022 October 31, 2021 (in millions) Finished goods $ 331 $ 329 Purchased parts and fabricated assemblies 473 448 Total inventory $ 804 $ 777 The increase in inventory for the three months ended January 31, 2022, is primarily driven by incremental provisions to secure supply in the current supply-constrained environment.
Property, Plant and Equipment	Property, plant and equipment January 31, 2022 October 31, 2021 (in millions) Land $ 60 $ 61 Buildings and leasehold improvements 816 785 Machinery and equipment 1,340 1,328 Total property, plant and equipment 2,216 2,174 Accumulated depreciation of property, plant and equipment (1,544) (1,524) Property, plant and equipment, net $ 672 $ 650 The increase in property, plant and equipment, net, for the three months ended January 31, 2022, is primarily driven by increased capital spending for capacity and technology investments. Asset impairments were zero for the three months ended January 31, 2022 and 2021. Depreciation expense was $30 million and $28 million for the three months ended January 31, 2022 and 2021, respectively.
Schedule of Product Warranty Liability [Table Text Block]	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, 2022 2021 (in millions) Beginning balance $ 34 $ 33 Accruals for warranties, including change in estimates 7 9 Settlements made during the period (6) (7) Ending balance $ 35 $ 35 Accruals for warranties due within one year $ 21 $ 21 Accruals for warranties due after one year 14 14 Ending balance $ 35 $ 35

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Jan. 31, 2022
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, 2022 and 2021 were as follows: Foreign currency translation Net defined benefit pension cost and post retirement plan costs Unrealized gains (losses) on derivatives Total Actuarial losses Prior service credits (in millions) As of October 31, 2021 $ (20) $ (456) $ (6) $ 40 $ (442) Other comprehensive income (loss) before reclassifications (21) — — 5 (16) Amounts reclassified out of accumulated other comprehensive gain (loss) — 10 — — 10 Tax benefit (expense) — (2) — (1) (3) Other comprehensive income (loss) (21) 8 — 4 (9) As of January 31, 2022 $ (41) $ (448) $ (6) $ 44 $ (451) As of October 31, 2020 $ (10) $ (600) $ (5) $ 16 $ (599) Other comprehensive income (loss) before reclassifications 31 — — 23 54 Amounts reclassified out of accumulated other comprehensive gain (loss) — 19 — — 19 Tax benefit (expense) — (5) — (5) (10) Other comprehensive income (loss) 31 14 — 18 63 As of January 31, 2021 $ 21 $ (586) $ (5) $ 34 $ (536)
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of accumulated other comprehensive loss for the three months ended January 31, 2022 and 2021 were as follows: Details about accumulated other comprehensive loss components Amounts reclassified from other comprehensive loss Affected line item in statement of operations Three Months Ended January 31, 2022 2021 (in millions) Unrealized gain (loss) on derivatives $ 1 $ (1) Cost of products (1) 1 Selling, general and administrative — — Benefit (provision) for income tax — — Net of Income tax Net defined benefit pension cost and post retirement plan costs: Net actuarial loss (10) (19) 2 5 Benefit (provision) for income tax (8) (14) Net of income tax Total reclassifications for the period $ (8) $ (14)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2022
Segment Reporting Information [Line Items]
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended January 31, 2022 2021 CSG EISG Total CSG EISG Total (in millions) Revenue $ 878 $ 372 $ 1,250 $ 852 $ 328 $ 1,180 Segment income from operations $ 237 $ 114 $ 351 $ 224 $ 96 $ 320
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	The following table reconciles total reportable operating segments’ income from operations to our income before taxes, as reported: Three Months Ended January 31, 2022 2021 (in millions) Total reportable operating segments' income from operations $ 351 $ 320 Share-based compensation (51) (43) Amortization of acquisition-related balances (26) (58) Acquisition and integration costs (3) (3) Restructuring and other — (4) Income from operations, as reported 271 212 Interest income 1 1 Interest expense (20) (20) Other income (expense), net 12 2 Income before taxes, as reported $ 264 $ 195

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 1,250	$ 1,180
Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	878	852
Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	372	328
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Revenues	1,052	996
Revenue recognized at a point in time | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	730	712
Revenue recognized at a point in time | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	322	284
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Revenues	198	184
Revenue recognized over time | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	148	140
Revenue recognized over time | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	50	44
Aerospace, Defense & Government
Disaggregation of Revenue [Line Items]
Revenues	294	294
Aerospace, Defense & Government | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	294	294
Aerospace, Defense & Government | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	0	0
Commercial Communications
Disaggregation of Revenue [Line Items]
Revenues	584	558
Commercial Communications | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	584	558
Commercial Communications | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	0	0
Electronic Industrial
Disaggregation of Revenue [Line Items]
Revenues	372	328
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	372	328
Americas
Disaggregation of Revenue [Line Items]
Revenues	483	468
Americas | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	404	401
Americas | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	79	67
Europe
Disaggregation of Revenue [Line Items]
Revenues	226	202
Europe | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	143	132
Europe | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	83	70
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	541	510
Asia Pacific | Communications Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	331	319
Asia Pacific | Electronic Industrial Solutions Group
Disaggregation of Revenue [Line Items]
Revenues	$ 210	$ 191

REVENUE Contract Assets (Detail

REVENUE Contract Assets (Details) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021
Accounts Receivable [Member]
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$ 89	$ 84

REVENUE Capitalized Contractual

REVENUE Capitalized Contractual Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2021
Capitalized Contract Cost [Line Items]
Capitalized Contract Cost, Net	$ 41		$ 39
Capitalized Contract Cost, Amortization	$ 22	$ 18

REVENUE CONTRACT LIABILITIES RO

REVENUE CONTRACT LIABILITIES ROLL FORWARD (Details) $ in Millions	3 Months Ended
	Jan. 31, 2022USD ($)
Balance at October 31	$ 665
Deferral of revenue billed in current period, net of recognition	233
Revenue recognized that was deferred as of the beginning of the period	(208)
Foreign currency translation impact	(5)
Balance at January 31	$ 685

REVENUE Remaining performance o

REVENUE Remaining performance obligations (Details) $ in Millions	3 Months Ended
	Jan. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 398
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Document Period End Date	Jan. 31, 2022
Revenue, Remaining Performance Obligation, Amount	$ 398
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	9 months
Revenue, Remaining Performance Obligation, Percentage	40.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year	2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Percentage	34.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year	2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period
Revenue, Remaining Performance Obligation, Percentage	26.00%

SHARE-BASED COMPENSATION (Alloc

SHARE-BASED COMPENSATION (Allocation of period costs) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	$ 51	$ 43
Cost of products and services
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	8	7
Research and development
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	11	9
Selling, general and administrative
Share-based Compensation Expense, Allocation of Recognized Period Costs [Line Items]
Share-based Compensation Expense	$ 32	$ 27

SHARE-BASED COMPENSATION SHARE-

SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION (Textuals) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based Compensation, Capitalized within inventory	$ 3	$ 2

SHARE-BASED COMPENSATION (Fair

SHARE-BASED COMPENSATION (Fair Value Assumptions) (Details) - LTPP [Member]	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility of Keysight shares (in hundredths)	36.00%	36.00%
Volatility of index	23.00%	23.00%
Price-wise correlation with selected peers (in hundredths)	67.00%	67.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Income before taxes	$ 264	$ 195
Provision for income taxes	$ 35	$ 23
Effective Income Tax Rate, Percent	13.10%	11.60%
Net Discrete Expense (Benefit)	$ (8)	$ (11)
Decrease in income tax provision due to tax incentives, Aggregate Dollar Amount	$ 19	$ 10

INCOME TAXES INCOME TAXES (Tax

INCOME TAXES INCOME TAXES (Tax incentives) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Decrease in income tax provision due to tax incentives, Aggregate Dollar Amount	$ 19	$ 10

INCOME TAXES INCOME TAXES (Inco

INCOME TAXES INCOME TAXES (Income tax examination) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Oct. 31, 2017
Income Tax Examination [Line Items]
Income Tax Examination, Description	. This tax year pre-dates our separation from Agilent. However, 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.
Malaysia Tax Authority [Member]
Income Tax Examination [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions		$ 68

NET INCOME PER SHARE NET INCOME

NET INCOME PER SHARE NET INCOME PER SHARE (Computation) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Numerator:
Net income	$ 229	$ 172
Denominator:
Basic weighted-average shares	183	186
Potential common shares— stock options and other employee stock plans	1	2
Diluted weighted-average shares	184	188
Net income per share - basic	$ 1.25	$ 0.93
Net income per share - diluted	$ 1.24	$ 0.92

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill Roll forward) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Goodwill [Roll Forward]
Goodwill	$ 1,623	$ 1,628
Foreign currency translation impact	(7)
Goodwill, Acquired During Period	2
Goodwill, Impaired, Accumulated Impairment Loss	709	709
Communications Solutions Group
Goodwill [Roll Forward]
Goodwill	1,064	1,069
Foreign currency translation impact	(5)
Goodwill, Acquired During Period	0
Electronic Industrial Solutions Group
Goodwill [Roll Forward]
Goodwill	559	$ 559
Foreign currency translation impact	(2)
Goodwill, Acquired During Period	$ (2)

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS (Disclosures and Components of Purchased Other Intangibles) (Details) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	$ 1,415	$ 1,411
Accumulated Amortization and impairments	1,172	1,146
Amortizable intangible assets, Net book value	243	265
In-Process R&D	7	7
Intangible Assets, Gross (Excluding Goodwill)	1,422	1,418
Intangible Assets, Net (Excluding Goodwill)	250	272
Developed technology
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	973	969
Accumulated Amortization and impairments	878	866
Amortizable intangible assets, Net book value	95	103
Backlog
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	17	17
Accumulated Amortization and impairments	17	17
Amortizable intangible assets, Net book value	0	0
Trademark/Tradename
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	36	36
Accumulated Amortization and impairments	29	28
Amortizable intangible assets, Net book value	7	8
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross carrying amount	389	389
Accumulated Amortization and impairments	248	235
Amortizable intangible assets, Net book value	$ 141	$ 154

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS (Acquisition Narratives) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 7	$ 96
Goodwill, Acquired During Period	2
Communications Solutions Group
Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period	0
Electronic Industrial Solutions Group
Finite-Lived Intangible Assets [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	7
Goodwill, Acquired During Period	2
Finite-lived Intangible Assets Acquired	$ 5

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS (Intangible assets narratives) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Finite Lived Intangible Assets, Foreign Currency Translation Gain (Loss)	$ 1
Amortization of Intangible Assets	26	$ 58
Indefinite-lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 26	$ 58

GOODWILL AND OTHER INTANGIBLE_7

GOODWILL AND OTHER INTANGIBLE ASSETS (Finite-Lived Assets Future Amortization Expense) (Details) $ in Millions	Jan. 31, 2022USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022 (remainder)	$ 75
2023	79
2024	39
2025	22
2026	12
Thereafter	$ 16

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, 2022	Oct. 31, 2021
Assets Short - term [Abstract]
Money market funds	$ 1,186	$ 1,296
Derivative instruments (foreign exchange contracts)	5	6
Assets, Long-term [Abstract]
Interest Rate Derivative Assets, at Fair Value	56	48
Equity investments	56	60
Equity investments - other	10	10
Total assets measured at fair value	1,313	1,420
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	4	4
Liabilities Long-term [Abstract]
Deferred compensation liability	24	24
Total liabilities measured at fair value	28	28
Level 1
Assets Short - term [Abstract]
Money market funds	1,186	1,296
Derivative instruments (foreign exchange contracts)	0	0
Assets, Long-term [Abstract]
Interest Rate Derivative Assets, at Fair Value	0	0
Equity investments	56	60
Equity investments - other	0	0
Total assets measured at fair value	1,242	1,356
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	6
Assets, Long-term [Abstract]
Interest Rate Derivative Assets, at Fair Value	56	48
Equity investments	0	0
Equity investments - other	0	0
Total assets measured at fair value	61	54
Liabilities, Short-term [Abstract]
Derivative instruments (foreign exchange contracts)	4	4
Liabilities Long-term [Abstract]
Deferred compensation liability	24	24
Total liabilities measured at fair value	28	28
Level 3
Assets Short - term [Abstract]
Money market funds	0	0
Derivative instruments (foreign exchange contracts)	0	0
Assets, Long-term [Abstract]
Interest Rate Derivative Assets, at Fair Value	0	0
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 ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Debt and Equity Securities, Gain (Loss) [Abstract]
Equity Securities, FV-NI, Unrealized Gain (Loss)	$ 4	$ 2
Equity Securities, FV-NI, Realized Gain	$ 0	$ 0

DERIVATIVES Derivative, interes

DERIVATIVES Derivative, interest rate swaps (Details) $ in Millions	Oct. 31, 2020USD ($)
Treasury Lock
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 600

DERIVATIVES, Disclosures and de

DERIVATIVES, Disclosures and derivative instrument aggregated notional amounts by currency and designations (Details) - Foreign Exchange Forward $ in Millions	Jan. 31, 2022USD ($)contracts
Cash Flow Hedging
Derivative [Line Items]
Number of Foreign Currency Derivatives Held | contracts	225
Not Designated as Hedging Instrument
Derivative [Line Items]
Number of Foreign Currency Derivatives Held | contracts	60
Designated as Hedging Instruments | Buy | Cash Flow Hedging
Derivative [Line Items]
Derivative Liability, Notional Amount	$ (93)
Designated as Hedging Instruments | Buy | Euro | Cash Flow Hedging
Derivative [Line Items]
Derivative Liability, Notional Amount	(44)
Designated as Hedging Instruments | Buy | British Pound | Cash Flow Hedging
Derivative [Line Items]
Derivative Liability, Notional Amount	(18)
Designated as Hedging Instruments | Buy | Singapore Dollar | Cash Flow Hedging
Derivative [Line Items]
Derivative Liability, Notional Amount	(26)
Designated as Hedging Instruments | Buy | Malaysian Ringgit | Cash Flow Hedging
Derivative [Line Items]
Derivative Liability, Notional Amount	(99)
Designated as Hedging Instruments | Buy | Other currencies | Cash Flow Hedging
Derivative [Line Items]
Derivative Liability, Notional Amount	(16)
Designated as Hedging Instruments | Sell | Japanese Yen | Cash Flow Hedging
Derivative [Line Items]
Derivative Liability, Notional Amount	(110)
Not Designated as Hedging Instrument | Buy | Euro
Derivative [Line Items]
Derivative Liability, Notional Amount	(39)
Not Designated as Hedging Instrument | Buy | Singapore Dollar
Derivative [Line Items]
Derivative Liability, Notional Amount	(27)
Not Designated as Hedging Instrument | Buy | Malaysian Ringgit
Derivative [Line Items]
Derivative Liability, Notional Amount	(9)
Not Designated as Hedging Instrument | Sell
Derivative [Line Items]
Derivative Liability, Notional Amount	(98)
Not Designated as Hedging Instrument | Sell | British Pound
Derivative [Line Items]
Derivative Liability, Notional Amount	(93)
Not Designated as Hedging Instrument | Sell | Japanese Yen
Derivative [Line Items]
Derivative Liability, Notional Amount	(70)
Not Designated as Hedging Instrument | Sell | Other currencies
Derivative [Line Items]
Derivative Liability, Notional Amount	$ (10)

DERIVATIVES, Fair value of deri

DERIVATIVES, Fair value of derivative instruments and Consolidated Balance Sheet location (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	$ 61	$ 54
Total derivatives Liabilities	4	4
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	0
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	4	5
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Other Accrued Liabilities [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Liabilities	3	1
Designated as Hedging Instruments | Cash Flow Hedging | Treasury Lock | Other Assets [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	56	48
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other Current Assets [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Asset	1	1
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other Accrued Liabilities [Member]
Derivative Fair Value by Balance Sheet Location [Abstract]
Total derivatives Liabilities	$ 1	$ 3

DERIVATIVES, Effect of derivati

DERIVATIVES, Effect of derivative instruments on Consolidated Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2020
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within next Twelve Months	$ 0
Treasury Lock
Derivative [Line Items]
Derivative Liability, Notional Amount			$ 600
Designated as Hedging Instruments | Cash Flow Hedging | Interest Rate Swap [Member] | Accumulated Other Comprehensive Income (Loss)
Derivative [Line Items]
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	8	$ 21
Designated as Hedging Instruments | Cash Flow Hedging | Foreign Exchange Contracts | Accumulated Other Comprehensive Income (Loss)
Derivative [Line Items]
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(3)	2
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:	(1)	1
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	(1)
Not Designated as Hedging Instrument | Other (income) expense, net
Derivative [Line Items]
Derivatives not designated as hedging instruments:	3	(4)
Not Designated as Hedging Instrument | Cost of products and services
Derivative [Line Items]
Derivatives not designated as hedging instruments:	$ 0	$ 1

DEBT Long Term Debt (Details)

DEBT Long Term Debt (Details) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021
Debt Instrument
Total debt	$ 1,791	$ 1,791
Letters of Credit Outstanding, Amount	41	40
Senior Notes 2024
Debt Instrument
Debt Instrument, Face Amount	$ 600
Debt Instrument, Interest Rate, Stated Percentage	4.55%
Senior Notes 2027
Debt Instrument
Debt Instrument, Face Amount	$ 700
Debt Instrument, Interest Rate, Stated Percentage	4.60%
Senior Notes 2029
Debt Instrument
Debt Instrument, Face Amount	$ 500
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Senior Notes 2024
Debt Instrument
Total debt	$ 599	599
Unamortized costs	1	1
Senior Notes 2027
Debt Instrument
Total debt	696	696
Unamortized costs	4	4
Senior Notes 2029
Debt Instrument
Total debt	496	496
Unamortized costs	$ 4	$ 4

DEBT (Short-Term Debt - Revolvi

DEBT (Short-Term Debt - Revolving Credit Facility) (Details) - USD ($) $ in Millions	Jul. 30, 2021	Jan. 31, 2022	Oct. 31, 2021
Line of Credit facility
Document Period End Date		Jan. 31, 2022
Facility, Initiation Date	Jul. 30, 2021
Facility, Maximum Borrowing Capacity		$ 750
Facility, Expiration Date		Jul. 30, 2026
Additional drawings on credit facility		$ 250
Facility, Covenant Compliance		We were in compliance with the covenants of the Revolving Credit Facility during the three months ended January 31, 2022
Revolving Credit Facility
Line of Credit facility
Facility, Outstanding		$ 0	$ 0
London Interbank Offered Rate (LIBOR) | Revolving Credit Facility
Line of Credit facility
Debt Instrument, Description of Variable Rate Basis		LIBOR + 1 percent along with a facility fee of 0.125 percent per annum.

DEBT Debt (Textuals) (Details)

DEBT Debt (Textuals) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Short-term Debt [Line Items]
Debt Instrument, Covenant Compliance	We were in compliance with the covenants of our senior notes during the three months ended January 31, 2022.
Letters of Credit Outstanding, Amount	$ 41	$ 40
Long Term Debt Fair Value Over Carrying Value	$ 139	$ 178

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, 2022	Jan. 31, 2021
Defined benefit plan | United States
Defined Benefit Plan Disclosure
Service cost—benefits earned during the period	$ 6	$ 6
Interest cost on benefit obligation	6	5
Expected return on plan assets	(15)	(13)
Amortization of net actuarial loss	3	6
Net periodic benefit cost (benefit)	0	4
Defined benefit plan | Non-US
Defined Benefit Plan Disclosure
Service cost—benefits earned during the period	3	4
Interest cost on benefit obligation	4	4
Expected return on plan assets	(15)	(20)
Amortization of net actuarial loss	6	10
Net periodic benefit cost (benefit)	(2)	(2)
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	1
Expected return on plan assets	(4)	(3)
Amortization of net actuarial loss	0	3
Net periodic benefit cost (benefit)	$ (3)	$ 1

RETIREMENT PLANS AND POST RET_4

RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Contributions) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
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
Estimated future employer contributions in remainder of current fiscal year	0
Non-US | Defined benefit plan
Defined Benefit Plan Disclosure
Contributions by employer	3	$ 3
Estimated future employer contributions in remainder of current fiscal year	$ 7

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION (Cash, cash equivalents an restricted cash reconciliation) (Details) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020
Cash and cash equivalents	$ 1,977	$ 2,052
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	1,992	2,068	$ 1,903	$ 1,767
Other Assets [Member]
Restricted cash included in other assets	$ 15	$ 16

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021
Inventory, Net [Abstract]
Finished goods	$ 331	$ 329
Inventory, Work in Process and Raw Materials	473	448
Inventory, Net	$ 804	$ 777

Property Plant and Equipment, N

Property Plant and Equipment, Net (Details) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 2,216	$ 2,174
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(1,544)	(1,524)
Property, plant and equipment, net	672	650
Land [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	60	61
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	816	785
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,340	$ 1,328

PPE Other (Details)

PPE Other (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Property, Plant and Equipment [Abstract]
Asset Impairment Charges	$ 0	$ 0
Depreciation	$ 30	$ 28

Lease (Details)

Lease (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Leases [Abstract]
Operating Lease, Cost	$ 13	$ 13
Variable Lease, Cost	4	5
Operating Lease, Payments	13	13
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 5	$ 41

WARRANTIES (Details)

WARRANTIES (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
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.
Standard Product Warranty, Policy	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.
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 34	$ 33
Accruals for warranties, including change in estimates	7	9
Settlements made during the period	(6)	(7)
Ending balance	35	35
Standard Product Warranty Disclosure [Abstract]
Accruals for warranties due within one year	21	21
Accruals for warranties due after one year	14	14
Ending balance	$ 35	$ 35

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	3 Months Ended
	Jan. 31, 2022	Aug. 03, 2021
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Estimate of Possible Loss		$ 6,600,000
Loss Contingency, Range of Possible Loss, Portion Not Accrued	$ 2,500,000
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss		$ 6,600,000
Loss Contingency Accrual, Payments	$ 1,100,000

STOCKHOLDERS' EQUITY (Stock Rep

STOCKHOLDERS' EQUITY (Stock Repurchase Program) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Jan. 31, 2022	Jan. 31, 2021	Nov. 18, 2021
Condensed Balance Sheet Statements, Captions [Line Items]
Stock Repurchase Program, Authorized Amount				$ 1,200
Stockholders' Equity, Average Amount Outstanding	$ 77
Treasury Stock, Shares, Acquired		1,128,733	137,200
Treasury Stock, Value, Acquired, Cost Method		$ 206	$ 20

STOCKHOLDER'S EQUITY - Accumula

STOCKHOLDER'S EQUITY - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (442)	$ (599)
Other comprehensive income (loss) before reclassifications	(16)	54
Amounts reclassified out of accumulated other comprehensive gain (loss)	10	19
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	(3)	(10)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent, Total	(9)	63
Ending balance	(451)	(536)
Foreign currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(20)	(10)
Other comprehensive income (loss) before reclassifications	(21)	31
Amounts reclassified out of accumulated other comprehensive gain (loss)	0	0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent, Total	(21)	31
Ending balance	(41)	21
Actuarial losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(456)	(600)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified out of accumulated other comprehensive gain (loss)	10	19
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	(2)	(5)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent, Total	8	14
Ending balance	(448)	(586)
Prior service credits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(6)	(5)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified out of accumulated other comprehensive gain (loss)	0	0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent, Total	0	0
Ending balance	(6)	(5)
Unrealized gains (losses) on derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	40	16
Other comprehensive income (loss) before reclassifications	5	23
Amounts reclassified out of accumulated other comprehensive gain (loss)	0	0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	(1)	(5)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent, Total	4	18
Ending balance	$ 44	$ 34

STOCKHOLDERS' EQUITY - Reclassi

STOCKHOLDERS' EQUITY - Reclassifications out of accumulated comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of products	$ 446	$ 473
Selling, general and administrative	326	301
Benefit (provision) for income tax	(35)	(23)
Net income	229	172
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net income	(8)	(14)
Unrealized gain (loss) on derivatives | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of products	1	(1)
Selling, general and administrative	(1)	1
Benefit (provision) for income tax	0	0
Net income	0	0
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	(10)	(19)
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]
Benefit (provision) for income tax	2	5
Net income	$ (8)	$ (14)

SEGMENT INFORMATION Profitabili

SEGMENT INFORMATION Profitability (Details) $ in Millions	3 Months Ended
	Jan. 31, 2022USD ($)segment	Jan. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	2
Revenue	$ 1,250	$ 1,180
Segment income from operations	271	212
Communications Solutions Group
Segment Reporting Information [Line Items]
Revenue	878	852
Electronic Industrial Solutions Group
Segment Reporting Information [Line Items]
Revenue	372	328
Total segments
Segment Reporting Information [Line Items]
Segment income from operations	351	320
Operating Segments [Member] | Communications Solutions Group
Segment Reporting Information [Line Items]
Segment income from operations	237	224
Operating Segments [Member] | Electronic Industrial Solutions Group
Segment Reporting Information [Line Items]
Segment income from operations	$ 114	$ 96

SEGMENT INFORMATION Reconciliat

SEGMENT INFORMATION Reconciliation of Reportable Results (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Total reportable operating segments' income from operations	$ 271	$ 212
Share-based Payment Arrangement, Expensed and Capitalized, Amount	(51)	(43)
Amortization of acquisition-related balances	(26)	(58)
Business Combination, Acquisition Related Costs	(3)	(3)
Restructuring and other	0	(4)
Income from operations	271	212
Interest income	1	1
Interest Expense, Deposits	(20)	(20)
Other Nonoperating Gains (Losses)	12	2
Income before taxes	264	195
Total segments
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Total reportable operating segments' income from operations	351	320
Income from operations	$ 351	$ 320

Subsequent Events (Details)

Subsequent Events (Details) - CEO transition	Feb. 24, 2022
Subsequent Event [Line Items]
Subsequent Event, Date	Feb. 24, 2022
Subsequent Event, Description	Keysight announced on February 24, 2022, that Ron Nersesian will retire as President and Chief Executive Officer of Keysight effective May 1, 2022, and on that date, Satish Dhanasekaran, current Chief Operating Officer of the company, will become President and Chief Executive Officer, as well as join the Keysight Board of Directors. Additionally, Mr. Nersesian will remain as Executive Chair of the Board.