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Retirement Plans (Tables)
12 Months Ended
Nov. 02, 2025
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
Fiscal Year
202520242023
(In millions)
Service cost$13 $17 $
Interest cost56 63 60 
Expected return on plan assets(53)(60)(59)
Other
(3)(2)— 
Net periodic benefit cost $13 $18 $
Net actuarial (gain) loss$(1)$(3)$20 
Schedule of Net Funded Status
 Pension Benefits
November 2,
2025
November 3,
2024
(In millions)
Change in plan assets:  
Fair value of plan assets — beginning of period$1,158 $1,105 
Actual return on plan assets120 123 
Employer contributions28 21 
Plan participants’ contributions
Benefit payments
(107)(108)
Plan assets acquired in VMware acquisition
— 18 
Foreign currency impact(3)(2)
Fair value of plan assets — end of period1,197 1,158 
Change in benefit obligations:  
Benefit obligations — beginning of period1,194 1,101 
Service cost13 17 
Interest cost56 63 
Actuarial loss
86 65 
Plan participants’ contributions
Benefit payments(107)(108)
Curtailments(4)(13)
Benefit obligations assumed in VMware acquisition
— 72 
Foreign currency impact(3)(4)
Benefit obligations — end of period1,236 1,194 
Underfunded status of benefit obligations (a)
$(39)$(36)
Actuarial losses and prior service costs recognized in accumulated other comprehensive income, net of taxes
$(111)$(106)
_______________________________
(a)Substantially all amounts recognized on the consolidated balance sheets were recorded in other long-term assets and other long-term liabilities for all periods presented.
Schedule of Accumulated Benefit Obligation less than Fair value of plan assets
Plans with benefit obligations less than plan assets:
November 2,
2025
November 3,
2024
(In millions)
Projected benefit obligations$136 $1,064 
Accumulated benefit obligations$135 $1,063 
Fair value of plan assets$193 $1,118 
Plans with benefit obligations in excess of plan assets:
November 2,
2025
November 3,
2024
(In millions)
Projected benefit obligations$1,100 $130 
Accumulated benefit obligations$1,066 $99 
Fair value of plan assets$1,004 $40 
Schedule of Expected Benefit Payments
Fiscal Years:Expected Benefit Payments
(In millions)
2026$102 
2027$96 
2028$95 
2029$94 
2030$92 
2031-2035$423 
Schedule of Allocation of Plan Assets
November 2, 2025
Fair Value Measurements at Reporting Date Using
Level 1Level 2Total
(In millions)
Cash equivalents$17 
(a)
$— $17 
Equity securities:
Non-U.S. equity securities40 
(b)
— 40 
Fixed-income securities:
U.S. treasuries— 116 
(c)
116 
Corporate bonds— 820 
(c)
820 
Municipal bonds— 18 
(c)
18 
Government bonds— 47 
(c)
47 
Plan assets measured by fair value hierarchy
$57 $1,001 1,058 
Plan assets measured at net asset value
139 
(d)
Total plan assets
$1,197 
November 3, 2024
Fair Value Measurements at Reporting Date Using
Level 1Level 2Total
(In millions)
Cash equivalents$17 
(a)
$— $17 
Equity securities:
Non-U.S. equity securities83 
(b)
— 83 
Fixed-income securities:
U.S. treasuries— 184 
(c)
184 
Corporate bonds— 715 
(c)
715 
Municipal bonds— 22 
(c)
22 
Government bonds— 14 
(c)
14 
Asset-backed securities— 
(c)
Plan assets measured by fair value hierarchy
$100 $936 1,036 
Plan assets measured at net asset value
122 
(d)
Total plan assets
$1,158 
______________________________
(a)Cash equivalents primarily included short-term investment funds which consisted of short-term money market instruments that were valued based on quoted prices in active markets.
(b)These equity securities were valued based on quoted prices in active markets.
(c)These amounts consisted of investments that were traded less frequently than Level 1 securities and were valued using inputs that included quoted prices for similar assets in active markets and inputs other than quoted prices that were observable for the assets, such as interest rates, yield curves, prepayment speeds, collateral performance, broker/dealer quotes and indices that were observable at commonly quoted intervals.
(d)Plan assets measured at fair value using net asset value as a practical expedient were excluded from the fair value hierarchy.
Defined Benefit Plan, Assumptions
Assumptions for Benefit Obligations
as of
Assumptions for Net Periodic Benefit Cost
Fiscal Year
November 2,
2025
November 3,
2024
202520242023
Discount rate
1.00%-6.75%
1.75%-6.75%
1.75%-6.75%
1.75%-7.10%
1.25%-7.25%
Average increase in compensation levels
1.50%-8.85%
2.00%-8.80%
2.00%-8.85%
2.00%-8.80%
2.00%-10.00%
Expected long-term return on assetsN/AN/A
2.50%-6.75%
2.50%-7.25%
2.50%-7.00%