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Supplemental Financial Information
 12 Months Ended
Nov. 02, 2025
Balance Sheet Related Disclosures [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Cash Equivalents
Cash equivalents included $3,163 million and $1,716 million of time deposits and $2,239 million and $1,171 million of money-market funds as of November 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 consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $7,401 million, $5,900 million and $3,975 million during fiscal years 2025, 2024 and 2023, respectively. Factoring fees for the sales of receivables were recorded in other income, net and were not material for any of the periods presented.
Inventory
November 2,
2025		November 3,
2024
(In millions)
Finished goods$682 $504 
Work-in-process1,280 970 
Raw materials308 286 
Total inventory$2,270 $1,760 
Property, Plant and Equipment, Net
November 2,
2025		November 3,
2024
(In millions)
Land$204 $204 
Construction in progress78 57 
Buildings and leasehold improvements1,488 1,518 
Machinery and equipment 5,656 5,246 
Total property, plant and equipment7,426 7,025 
Accumulated depreciation and amortization(4,896)(4,504)
Total property, plant and equipment, net$2,530 $2,521 
Depreciation expense was $574 million, $593 million and $502 million for fiscal years 2025, 2024 and 2023, respectively.
Other Current Assets
November 2,
2025		November 3,
2024
(In millions)
Current portion of contract assets$5,005 $1,916 
Prepaid expenses518 1,391 
Other457 764 
Total other current assets$5,980 $4,071 
Other Current Liabilities
November 2,
2025		November 3,
2024
(In millions)
Contract liabilities$9,469 $9,395 
Tax liabilities921 720 
Interest payable620 535 
Other663 1,143 
Total other current liabilities$11,673 $11,793 
Other Long-Term Liabilities
November 2,
2025		November 3,
2024
(In millions)
Contract liabilities$3,547 $5,100 
Deferred tax liabilities
2,704 4,703 
Unrecognized tax benefits, interest and penalties1,628 3,669 
Other1,423 1,503 
Total other long-term liabilities$9,302 $14,975 
Other Income, Net
Fiscal Year
202520242023
(In millions)
Interest income$347 $461 $535 
Other income210 21 15 
Gain (loss) on investments(17)(12)11 
Other expense(85)(64)(49)
Other income, net
$455 $406 $512 
Other income and other expense include gains on sales of businesses, foreign exchange gains and losses, factoring fees for the sales of receivables, and other miscellaneous items.
Discontinued Operations
During fiscal year 2024, we sold the EUC business for $3.5 billion, after working capital adjustments. In connection with the sale, we agreed to provide transitional services to the buyer on a short-term basis. We do not have any material continuing involvement with this business and have presented its results in discontinued operations.
The following table summarizes the selected financial information of discontinued operations:
Fiscal Year
2024
(In millions)
Net revenue$858 
Loss from discontinued operations before income taxes
$(12)
Provision for income taxes
(261)
Loss from discontinued operations, net of income taxes
$(273)