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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Nov. 03, 2018
Accounting Policies [Abstract]  
Cash and cash equivalents and short term investments
The components of the Company’s cash and cash equivalents and short-term investments as of November 3, 2018 and October 28, 2017 were as follows:
 
2018
 
2017
Cash and cash equivalents:
 

 
 

Cash
$
147,629

 
$
226,160

Available-for-sale
598,962

 
751,678

Held-to-maturity
70,000

 
70,000

Total cash and cash equivalents
$
816,591

 
$
1,047,838
Supplemental cash flow statement Information
 
2018
 
2017
 
2016
Cash paid during the fiscal year for:
 

 
 

 
 

Income taxes
$
211,473

 
$
868,492

 
$
77,918

Interest
$
233,436

 
$
183,117

 
$
41,701
Inventories
Inventories at November 3, 2018 and October 28, 2017 were as follows:
 
2018
 
2017
Raw materials
$
30,511

 
$
35,436

Work in process
375,908

 
376,476

Finished goods
180,341

 
138,904

Total inventories
$
586,760

 
$
550,816
Useful lives of property, plant and equipment
Depreciation is based on the following ranges of estimated useful lives:
Buildings
Up to 30 years
Machinery & equipment
3-10 years
Office equipment
3-10 years
Leasehold improvements
7-20 years
Changes in goodwill
The following table presents the changes in goodwill during fiscal 2018 and fiscal 2017:
 
2018
 
2017
Balance at beginning of year
$
12,217,455

 
$
1,679,116

Acquisition of Linear (Note 6)
1,647

 
10,532,272

Goodwill adjustment related to other acquisitions (1)
36,558

 
4,198

Foreign currency translation adjustment
(3,056
)
 
1,869

Balance at end of year
$
12,252,604

 
$
12,217,455

(1) Represents goodwill related to other acquisitions that were not material to the Company on either an individual or aggregate basis.
Intangible Assets
As of November 3, 2018 and October 28, 2017, the Company’s intangible assets consisted of the following:
 
November 3, 2018
 
October 28, 2017
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Customer relationships
$
4,697,716

 
$
867,207

 
$
4,683,461

 
$
449,369

Technology-based
1,114,080

 
243,350

 
1,097,025

 
101,920

Trade-name
74,031

 
17,846

 
72,800

 
6,906

IPR&D
20,768

 
—

 
24,334

 
—

Total (1) (2)
$
5,906,595

 
$
1,128,403

 
$
5,877,620

 
$
558,195

________
(1) Foreign intangible asset carrying amounts are affected by foreign currency translation.
(2) Increases in intangible assets primarily relate to acquisitions that were not material to the Company on either an individual or aggregate basis. Intangible assets, along with the related accumulated amortization, are removed from the table above at the end of the fiscal year they become fully amortized.
Schedule of expected annual amortization expense
The Company expects annual amortization expense for intangible assets as follows:
Fiscal Year
Amortization Expense
2019
$
569,314

2020
$
568,665

2021
$
568,005

2022
$
565,075

2023
$
541,877
Fair value of hedging instruments
The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s consolidated balance sheets as of November 3, 2018 and October 28, 2017 were as follows: 
 
 
 
Fair Value At
 
Balance Sheet Location
 
November 3, 2018
 
October 28, 2017
Forward foreign currency exchange contracts
Prepaid expenses and other current assets
 
$
—

 
$
257

Forward foreign currency exchange contracts
Accrued liabilities
 
$
6,934

 
$
—
Offsetting Assets Liabilities
The following table presents the gross amounts of the Company's derivative assets and liabilities and the net amounts recorded in the Company's consolidated balance sheet as of November 3, 2018 and October 28, 2017:
 
November 3, 2018
 
October 28, 2017
Gross amount of recognized liabilities
$
(8,054
)
 
$
(5,039
)
Gross amounts of recognized assets offset in the consolidated balance sheet
904

 
3,512

Net liabilities presented in the consolidated balance sheet
$
(7,150
)
 
$
(1,527
)
Fair value of financial assets and liabilities
The tables below, set forth by level, presents the Company’s financial assets and liabilities, excluding accrued interest components, that were accounted for at fair value on a recurring basis as of November 3, 2018 and October 28, 2017. The tables exclude cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. As of November 3, 2018 and October 28, 2017, the Company held $217.6 million and $296.2 million, respectively, of cash and held-to-maturity investments that were excluded from the tables below.
 
November 3, 2018
 
Fair Value measurement at
Reporting Date using:
 
 
 
Quoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Other
Unobservable
Inputs
(Level 3)
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Government and institutional money market funds
$
394,076

 
$
—

 
$
—

 
$
394,076

Corporate obligations (1)
—

 
204,886

 
—

 
204,886

Other assets:
 
 
 
 
 
 
 
Deferred compensation investments
41,001

 
—

 
—

 
41,001

Interest rate derivatives
—

 
1,436

 
—

 
1,436

Total assets measured at fair value
$
435,077

 
$
206,322

 
$
—

 
$
641,399

Liabilities
 
 
 
 
 
 
 
Forward foreign currency exchange contracts (2)
—

 
7,150

 
—

 
7,150

Total liabilities measured at fair value
$
—

 
$
7,150

 
$
—

 
$
7,150

 
(1)
The amortized cost of the Company’s investments classified as available-for-sale as of November 3, 2018 was $205.0 million.
(2)
The Company has netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of these Notes to Consolidated Financial Statements for more information related to the Company's master netting arrangements.

 
October 28, 2017
 
Fair Value measurement at
Reporting Date using:
 
 
 
Quoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Other
Unobservable
Inputs
(Level 3)
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Government and institutional money market funds
$
512,882

 
$
—

 
$
—

 
$
512,882

Corporate obligations (1)
—

 
238,796

 
—

 
238,796

Other assets:
 
 
 
 
 
 
 
Deferred compensation investments
33,510

 
—

 
—

 
33,510

Interest rate derivatives
—

 
2,966

 
—

 
2,966

Total assets measured at fair value
$
546,392

 
$
241,762

 
$
—

 
$
788,154

Liabilities
 
 
 
 
 
 
 
Forward foreign currency exchange contracts (2)
—

 
1,527

 
—

 
1,527

Total liabilities measured at fair value
$
—

 
$
1,527

 
$
—

 
$
1,527

 
(1)
The amortized cost of the Company’s investments classified as available-for-sale as of October 28, 2017 was $238.9 million.
(2)
The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of these Notes to Consolidated Financial Statements for more information related to the Company's master netting arrangements.
Schedule of debt
The table below presents the estimated fair value of certain financial instruments not recorded at fair value on a recurring basis. The carrying amounts of the term loans approximate fair value. The term loans are classified as Level 2 measurements according to the fair value hierarchy. The fair values of the senior unsecured notes debt are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy. See Note 14, Debt, of these Notes to Consolidated Financial Statements for further discussion related to outstanding debt.
 
November 3, 2018
 
October 28, 2017
 
Principal Amount Outstanding
 
Fair Value
 
Principal Amount Outstanding
 
Fair Value
3-Year term loan
$
425,000

 
425,000

 
1,950,000

 
1,950,000

5-Year term loan
1,350,000

 
1,350,000

 
2,100,000

 
2,100,000

2020 Notes, due March 2020
300,000

 
298,147

 
—

 
—

2021 Notes, due January 2021
450,000

 
444,568

 
—

 
—

2021 Notes, due December 2021
400,000

 
386,375

 
400,000

 
399,530

2023 Notes, due June 2023
500,000

 
479,189

 
500,000

 
498,582

2023 Notes, due December 2023
550,000

 
529,120

 
550,000

 
554,411

2025 Notes, due December 2025
850,000

 
829,611

 
850,000

 
884,861

2026 Notes, due December 2026
900,000

 
848,027

 
900,000

 
902,769

2036 Notes, due December 2036
250,000

 
232,627

 
250,000

 
259,442

2045 Notes, due December 2045
400,000

 
407,984

 
400,000

 
460,588

Total Debt
$
6,375,000

 
$
6,230,648


$
7,900,000

 
$
8,010,183

The Company’s debt consisted of the following as of November 3, 2018 and October 28, 2017:
 
November 3, 2018
 
October 28, 2017
 
Principal
 
Unamortized discount and debt issuance costs
 
Principal
 
Unamortized discount and debt issuance costs
3-Year term loan
$
358,000

 
$
318

 
$
1,650,000

 
$
3,270

5-Year term loan
1,350,000

 
1,503

 
2,100,000

 
4,727

2020 Notes, due March 2020
300,000

 
1,273

 
—

 
—

2021 Notes, due January 2021
450,000

 
3,344

 
—

 
—

2021 Notes, due December 2021
400,000

 
2,830

 
400,000

 
3,756

2023 Notes, due June 2023
500,000

 
2,813

 
500,000

 
3,434

2023 Notes, due December 2023
550,000

 
4,499

 
550,000

 
5,392

2025 Notes, due December 2025
850,000

 
6,262

 
850,000

 
7,154

2026 Notes, due December 2026
900,000

 
10,361

 
900,000

 
11,655

2036 Notes, due December 2036
250,000

 
3,778

 
250,000

 
3,983

2045 Notes, due December 2045
400,000

 
5,345

 
400,000

 
5,545

   Total Long-Term Debt
$
6,308,000

 
$
42,326

 
$
7,600,000

 
$
48,916

3-Year term loan, current
67,000

 
—

 
300,000

 
—

    Total Current Debt
$
67,000

 
$
—

 
$
300,000

 
$
—

Total Debt
$
6,375,000

 
$
42,326

 
$
7,900,000

 
$
48,916
Components of accumulated other comprehensive (loss)
The components of accumulated other comprehensive loss at November 3, 2018 and October 28, 2017 consisted of the following, net of tax:
 
Foreign currency translation adjustment
 
Unrealized holding gains on available for sale securities
 
Unrealized holding (losses) on available for sale securities
 
Unrealized holding Gains on Derivatives
 
Pension Plans
 
Total
October 28, 2017
$
(22,489
)
 
$
1

 
$
(1
)
 
$
(10,879
)
 
$
(27,991
)
 
$
(61,359
)
Other comprehensive income before reclassifications
(6,222
)
 
(2
)
 
(8
)
 
(1,447
)
 
13,358

 
5,679

Amounts reclassified out of other comprehensive income
—

 
—

 
—

 
(1,707
)
 
1,632

 
(75
)
Tax effects
—

 
—

 
—

 
(322
)
 
(2,363
)
 
(2,685
)
Other comprehensive income
(6,222
)
 
(2
)
 
(8
)
 
(3,476
)
 
12,627

 
2,919

November 3, 2018
$
(28,711
)
 
$
(1
)
 
$
(9
)
 
$
(14,355
)
 
$
(15,364
)
 
$
(58,440
)
Reclassification out of accumulated other comprehensive income
The amounts reclassified out of accumulated other comprehensive loss into the consolidated statement of income, with presentation location during each period were as follows:

 
 
2018
 
2017
 
 
Comprehensive Income Component
 
 
 
 
 
Location
Unrealized holding (losses) gains on derivatives
 
 
 
 
 
 
    Currency forwards
 
$
396

 
$
2,188

 
Cost of sales
 
 
(462
)
 
330

 
Research and development
 
 
(317
)
 
927

 
Selling, marketing, general and administrative
     Interest rate derivatives
 
(1,324
)
 
2,080

 
Interest expense
 
 
(1,707
)
 
5,525

 
Total before tax
 
 
94

 
(1,326
)
 
Tax
 
 
$
(1,613
)
 
$
4,199

 
Net of tax
 
 
 
 
 
 
 
Amortization of pension components
 
 
 
 
 
 
     Transition obligation
 
$
10

 
$
14

 
(a)
     Prior service credit and curtailment recognition
 
1

 
(9
)
 
(a)
     Actuarial losses and settlement recognition
 
1,621

 
1,865

 
(a)
 
 
1,632

 
1,870

 
Total before tax
 
 
(395
)
 
(400
)
 
Tax
 
 
$
1,237

 
$
1,470

 
Net of tax
 
 
 
 
 
 
 
Total amounts reclassified out of accumulated other comprehensive income, net of tax
 
$
(376
)
 
$
5,669

 
 
______________
a) The amortization of pension components is included in the computation of net periodic pension cost. See Note 11, Retirement Plans, of these Notes to Consolidated Financial Statements for further information.
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
 
2018
 
2017
 
2016
Net Income
$
1,495,432

 
$
727,259

 
$
861,664

Less: income allocated to participating securities
5,909

 
2,243

 
—

Net income allocated to common shareholders
1,489,523

 
725,016

 
861,664

 
 
 
 
 
 
Basic shares:
 

 
 

 
 

Weighted-average shares outstanding
370,430

 
346,371

 
308,736

Earnings per common share basic
$
4.02

 
$
2.09

 
$
2.79

 
 
 
 
 
 
Diluted shares:
 

 
 

 
 

Weighted-average shares outstanding
370,430

 
346,371

 
308,736

Assumed exercise of common stock equivalents
4,508

 
4,113

 
3,572

Weighted-average common and common equivalent shares
374,938

 
350,484

 
312,308

Earnings per common share diluted
$
3.97

 
$
2.07

 
$
2.76

Anti-dilutive shares related to:
 

 
 

 
 

Outstanding stock options
1,649

 
1,527

 
3,077