Acquisitions (Tables)

12 Months Ended

Nov. 02, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The Acquisition Date fair value of the consideration transferred in the Acquisition consisted of the following:

Cash consideration (1)	$	11,092,047
Issuance of common stock (2)	4,593,655
Fair value of replacement stock-based and cash awards (3)	70,954
Total estimated purchase consideration	$	15,756,656

_______________________________________

(1)The cash consideration was funded utilizing cash on hand, the net proceeds from bridge credit and term loan facilities and the proceeds received from the Company's issuance of the Notes (as defined in Note 14, Debt, of these Notes to Consolidated Financial Statements). This reflects the cash portion of the purchase consideration paid to Linear stockholders of approximately $11.1 billion, as well as $16.3 million for the cash-settled portion of consideration paid to holders of restricted stock and restricted stock awards that automatically vested at the effective time of the Acquisition pursuant to pre-existing change-of-control agreements.

(2)The fair value is based on the issuance of approximately 55.9 million shares of the Company's common stock with a per-share value of $82.20 (the closing price of the Company's common stock on The Nasdaq Global Select Market on the acquisition Date).

(3)In connection with the Acquisition, the Company issued equity and cash awards to certain Linear employees to replace Linear equity awards. This amount represents the portion of the fair value of the replacement equity and cash awards associated with services rendered though the Acquisition Date and have been included as a component of the total estimated purchase consideration.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

During fiscal 2018, the Company completed the acquisition accounting for the Acquisition. The following is a summary of the amounts recognized in accounting for the Acquisition:

Cash and cash equivalents	$	1,466,445
Marketable securities	100,246
Accounts receivable (1)	143,542
Inventories	461,695
Prepaid expenses and other assets	14,782
Property, plant and equipment	462,285
Intangible assets (Note 2f)	5,157,300
Goodwill (Note 2f)	10,533,919
Total assets	18,340,214
Assumed liabilities	190,925
Deferred tax liabilities	2,392,633
Total estimated purchase consideration	$	15,756,656

_______________________________________

(1)The fair value of accounts receivable was $143.5 million, with the gross contractual amount being $145.2 million, of which the Company estimates that $1.7 million is uncollectible.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The acquired intangible assets consisted of the following, which are being amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use.

	Fair Value		Weighted Average Useful Lives (in Years)
Technology-based	$	1,046,100	8
Trade name	72,200		7
Customer relationships	4,039,000		12
Total amortizable intangible assets	$	5,157,300	11

Schedule of Business Acquisitions, by Acquisition

	Pro Forma Twelve Months Ended
	October 28, 2017 (1)
Revenue	$	5,832,412
Net income	$	1,133,097
Basic net income per common share	$	3.07
Diluted net income per common share	$	3.03

_______________________________________

(1)Balances have been restated to reflect the adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 2a, Principles of Consolidation, in the Notes to Consolidated Financial Statements.