Stock-Based Compensation and Shareholders' Equity (Tables)

12 Months Ended

Oct. 28, 2017

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 in fiscal 2017, fiscal 2016 and fiscal 2015 is as follows:

Stock Options	2017			2016			2015
Options granted (in thousands)	1,480			1,814			1,954
Weighted-average exercise price		$82.99			$55.19			$57.20
Weighted-average grant-date fair value		$17.12			$12.67			$10.38
Assumptions:
Weighted-average expected volatility	26.4		%	34.0		%	25.9		%
Weighted-average expected term (in years)	5.1			5.1			5.3
Weighted-average risk-free interest rate	2.1		%	1.4		%	1.6		%
Weighted-average expected dividend yield	2.2		%	3.0		%	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 28, 2017 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 29, 2016	11,704			$44.43
Options granted	1,480			$82.99
Options exercised	(3,470	)		$38.60
Options forfeited	(360	)		$55.56
Options expired	(7	)		$34.09
Options outstanding at October 28, 2017	9,347			$52.27	6.2		$363,972
Options exercisable at October 28, 2017	4,907			$42.09	4.7		$240,991
Options vested or expected to vest at October 28, 2017 (1)	9,011			$51.69	6.2		$356,098

(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 28, 2017 and changes during the fiscal year then ended is presented below:

	Restricted Stock Units/Awards Outstanding (in thousands)		Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units/awards outstanding at October 29, 2016	2,690			$50.11
Units/Awards granted	4,809			$79.76
Restrictions lapsed	(1,580	)		$60.02
Forfeited	(239	)		$64.01
Restricted stock units/awards outstanding at October 28, 2017	5,680			$71.88

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 in fiscal 2017, fiscal 2016 and fiscal 2015 using the Monte Carlo simulation model is as follows:

Market-based Restricted Stock Units	2017			2016			2015
Units granted (in thousands)	59			102			75
Grant-date fair value		$94.25			$58.95			$55.67
Assumptions:
Historical stock price volatility	26.0		%	25.1		%	20.0		%
Risk-free interest rate	1.6		%	1.1		%	1.1		%
Expected dividend yield	2.2		%	3.0		%	2.8		%