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Stock-Based Compensation and Shareholders' Equity (Tables)
 12 Months Ended
Oct. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Information pertaining to the Company's stock option awards and the related estimated weighted-average assumptions used to calculate the fair value of stock options granted
Information pertaining to the Company’s stock option awards and the related estimated weighted-average assumptions to calculate the fair value of stock options using the Black-Scholes valuation model granted is as follows: 
Stock Options
2016
 
2015
 
2014
Options granted (in thousands)
1,814

 
1,954

 
2,240

Weighted-average exercise price

$55.19

 

$57.20

 

$51.52

Weighted-average grant-date fair value

$12.67

 

$10.38

 

$8.74

Assumptions:
 
 
 
 
 
Weighted-average expected volatility
34.0
%
 
25.9
%
 
24.9
%
Weighted-average expected term (in years)
5.1

 
5.3

 
5.3

Weighted-average risk-free interest rate
1.4
%
 
1.6
%
 
1.7
%
Weighted-average expected dividend yield
3.0
%
 
2.8
%
 
2.9
%

The Company utilizes the Monte Carlo simulation valuation model to value market-based restricted stock units. The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the performance conditions stipulated in the award grant and calculates the fair market value for the market-based restricted stock units granted. The Monte Carlo simulation model also uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions, including the possibility that the market condition may not be satisfied, and the resulting fair value of the award. Information pertaining to the Company's market-based restricted stock units and the related estimated assumptions used to calculate the fair value of market-based restricted stock units granted using the Monte Carlo simulation model is as follows:
Market-based Restricted Stock Units
2016
 
2015
 
2014
Units granted (in thousands)
102

 
75

 
86

Grant-date fair value

$58.95

 

$55.67

 

$50.79

Assumptions:
 
 
 
 
 
Historical stock price volatility
25.1
%
 
20.0
%
 
23.2
%
Risk-free interest rate
1.1
%
 
1.1
%
 
0.8
%
Expected dividend yield
3.0
%
 
2.8
%
 
2.8
%
Summary of the activity under the Company's stock option plans
A summary of the activity under the Company’s stock option plans as of October 29, 2016 and changes during the fiscal year then ended is presented below: 
 
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term in Years
 
Aggregate
Intrinsic
Value
Options outstanding at October 31, 2015
12,181

 

$41.60

 
 
 
 
Options granted
1,814

 

$55.19

 
 
 
 
Options exercised
(1,790
)
 

$34.43

 
 
 
 
Options forfeited
(482
)
 

$50.84

 
 
 
 
Options expired
(19
)
 

$40.42

 
 
 
 
Options outstanding at October 29, 2016
11,704

 

$44.43

 
6.0
 

$223,611

Options exercisable at October 29, 2016
6,577

 

$37.90

 
4.5
 

$168,549

Options vested or expected to vest at October 29, 2016 (1)
11,321

 

$44.09

 
6.0
 

$220,085

 
(1)
In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. The number of options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.
Summary of the company's restricted stock unit award activity
A summary of the Company’s restricted stock unit award activity as of October 29, 2016 and changes during the fiscal year then ended is presented below: 
 
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at October 31, 2015
2,698

 

$47.59

Units granted
1,099

 

$51.59

Restrictions lapsed
(905
)
 

$44.30

Forfeited
(202
)
 

$50.34

Restricted stock units outstanding at October 29, 2016
2,690

 

$50.11