Stockholders' Equity

3 Months Ended

Feb. 02, 2025

Stockholders’ Equity

Cash Dividends Declared and Paid


	Fiscal Quarter Ended
	February 2, 2025		February 4, 2024

	(In millions, except per share data)
Dividends per share to common stockholders	$	0.590	$	0.525
Dividends to common stockholders	$	2,774	$	2,435

Stock-Based Compensation Expense


	Fiscal Quarter Ended
	February 2, 2025		February 4, 2024

	(In millions)
Cost of products sold	$	33	$	28
Cost of subscriptions and services	120		133
Research and development	822		863
Selling, general and administrative	305		548
Total stock-based compensation expense (a)	$	1,280	$	1,572

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(a) Does not include stock-based compensation expense related to discontinued operations recognized during the fiscal quarter ended February 4, 2024, which was included in income from discontinued operations, net of income taxes in our condensed consolidated statement of operations.

As of February 2, 2025, the total unrecognized compensation cost related to unvested stock-based awards was $10,745 million, which is expected to be recognized over the remaining weighted-average service period of 2.9 years.

Equity Incentive Award Plans

A summary of time- and market-based RSU activity is as follows:


	Number of RSUs Outstanding	Weighted-Average Grant Date Fair Value Per Share

	(In millions, except per share data)
Balance as of November 3, 2024	213	$	66.44
Granted	4	$	218.97
Vested	(24)	$	60.42
Forfeited	(4)	$	83.31
Balance as of February 2, 2025	189	$	70.73

The aggregate fair value of time- and market-based RSUs that vested during the fiscal quarter ended February 2, 2025 was $5,276 million, which represented the market value of our common stock on the date that the RSUs vested. The number of RSUs vested included shares of common stock that we withheld for settlement of employees’ tax obligations due upon the vesting of RSUs.