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Supplemental Financial Information
3 Months Ended
Feb. 02, 2025
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Cash Equivalents
Cash equivalents included $2,213 million and $1,716 million of time deposits and $711 million and $1,171 million of money-market funds as of February 2, 2025 and November 3, 2024, respectively. For time deposits, carrying value approximates fair value due to the short-term nature of the instruments. The fair value of money-market funds, which was consistent with their carrying value, was determined using unadjusted prices in active, accessible markets for identical assets, and as such, they were classified as Level 1 assets in the fair value hierarchy.
Accounts Receivable Factoring
We sell certain of our trade accounts receivable on a non-recourse basis to third-party financial institutions pursuant to factoring arrangements. We account for these transactions as sales of receivables and present cash proceeds as cash provided by operating activities in the condensed consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $2,201 million and $1,250 million during the fiscal quarters ended February 2, 2025 and February 4, 2024, respectively.
Inventory
February 2,
2025
November 3,
2024
(In millions)
Finished goods$565 $504 
Work-in-process950 970 
Raw materials393 286 
Total inventory$1,908 $1,760 
Other Current Assets
February 2,
2025
November 3,
2024
(In millions)
Current portion of contract assets
$2,722 $1,916 
Prepaid expenses1,285 1,391 
Other 813 764 
Total other current assets $4,820 $4,071 
Other Current Liabilities
February 2,
2025
November 3,
2024
(In millions)
Contract liabilities$9,908 $9,395 
Tax liabilities823 720 
Interest payable575 535 
Other 1,124 1,143 
Total other current liabilities$12,430 $11,793 
Other Long-Term Liabilities
February 2,
2025
November 3,
2024
(In millions)
Contract liabilities$4,628 $5,100 
Deferred tax liabilities4,017 4,703 
Unrecognized tax benefits3,621 3,669 
Other 1,467 1,503 
Total other long-term liabilities$13,733 $14,975 
Supplemental Cash Flow Information
Fiscal Quarter Ended
February 2,
2025
February 4,
2024
(In millions)
Cash paid for interest$671 $750 
Cash paid for income taxes$404 $904