Stock-Based Compensation (Tables)

12 Months Ended

Oct. 25, 2020

Share-based Payment Arrangement [Abstract]

Schedule of reconciliation of the number of options outstanding and exercisable

A reconciliation of the number of options outstanding and exercisable (in thousands) as of October 25, 2020, is: 

	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Stock Options Outstanding at October 27, 2019	25,994	$	26.49
Granted	1,218	45.88
Exercised	(5,865)	16.00
Forfeited	(273)	36.85
Expired	(1)	36.25
Stock Options Outstanding at October 25, 2020	21,073	$	30.39	5.2	$	404,936
Stock Options Exercisable at October 25, 2020	14,204	$	26.06	3.9	$	334,529

Schedule of weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised

The weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised (in thousands) during each of the past three fiscal years, are: 

	Fiscal Year Ended
	October 25,		October 27,		October 28,
	2020		2019		2018
Weighted-average Grant Date Fair Value	$	7.71	$	9.24	$	7.16
Intrinsic Value of Exercised Options	182,821		138,282		187,486

Schedule of weighted-average assumptions used to calculate fair value of each option award

The fair value of each option award is calculated on the date of grant using the Black-Scholes valuation model utilizing the following weighted-average assumptions:

	Fiscal Year Ended
	October 25,		October 27,		October 28,
	2020		2019		2018
Risk-free Interest Rate	1.7	%	2.8	%	2.7	%
Dividend Yield	2.0	%	1.9	%	2.1	%
Stock Price Volatility	19.0	%	19.0	%	19.0	%
Expected Option Life	8 years		8 years		8 years

Schedule of reconciliation of the nonvested shares

A reconciliation of the restricted stock units (in thousands) as of October 25, 2020, is:

	Shares	Weighted- Average Grant Date Fair Value		Weighted-Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Restricted Stock Units Outstanding at October 27, 2019	—	$	—
Granted	205	45.88
Dividend Equivalents	2	49.49
Vested	(18)	45.54
Forfeited	(1)	45.54
Restricted Stock Units Outstanding at October 25, 2020	188	$	45.91	2.1	$	9,306

A reconciliation of the restricted shares (in thousands) as of October 25, 2020, is: 

	Shares	Weighted- Average Grant Date Fair Value
Restricted Shares Outstanding at October 27, 2019	51	$	42.23
Granted	42	47.29
Vested	(47)	42.08
Restricted Shares Outstanding at October 25, 2020	45	$	47.03

Schedule of the weighted-average grant date fair value and fair value of nonvested shares granted

The weighted-average grant date fair value of restricted stock units granted and the total fair value (in thousands) of restricted stock units granted during each of the past three fiscal years, are:

	Fiscal Year Ended
	October 25,		October 27,		October 28,
	2020		2019		2018
Weighted-average Grant Date Fair Value	$	45.88	$	—	$	—
Fair Value of Restricted Stock Units Granted	9,383		—		—
Fair Value of Restricted Stock Units Vested	$	839	$	—	$	—

The weighted-average grant date fair value of restricted shares granted, the total fair value (in thousands) of restricted shares granted, and the fair value (in thousands) of shares that have vested during each of the past three fiscal years, are: 

	Fiscal Year Ended
	October 25,		October 27,		October 28,
	2020		2019		2018
Weighted-average Grant Date Fair Value	$	47.29	$	42.23	$	34.08
Fair Value of Restricted Shares Granted	1,973		2,134		1,760
Fair Value of Restricted Shares Vested	$	1,974	$	1,760	$	2,053