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Fair Value (Tables)
 3 Months Ended
Jan. 29, 2022
Fair Value Disclosures [Abstract]  
Schedule of 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 January 29, 2022 and October 30, 2021. 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 January 29, 2022 and October 30, 2021, the Company held $1,053.5 million and $1,315.0 million, respectively, of cash that was excluded from the tables below.
 January 29, 2022
 
Fair Value measurement at
Reporting Date using:
 
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds$606,876 $— $606,876 
Corporate obligations (1)— 129,993 129,993 
Other assets:
Deferred compensation plan investments70,258 — 70,258 
Total assets measured at fair value$677,134 $129,993 $807,127 
Liabilities
Forward foreign currency exchange contracts (2)$— $11,004 $11,004 
Total liabilities measured at fair value$— $11,004 $11,004 
(1)The amortized cost of the Company’s investments classified as available-for-sale as of January 29, 2022 was $130.0 million. 
(2)The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements.
 October 30, 2021
 
Fair Value measurement at
Reporting Date using:
 
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds$662,997 $— $662,997 
Other assets:
Deferred compensation plan investments71,301 — 71,301 
Total assets measured at fair value$734,298 $— $734,298 
Liabilities
Forward foreign currency exchange contracts (1)$— $8,085 $8,085 
Total liabilities measured at fair value$— $8,085 $8,085 
(1)The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements.
Schedule of debt The table below presents the estimated fair value of certain financial instruments not recorded at fair value on a recurring basis. The fair values of the senior unsecured notes are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy.
January 29, 2022October 30, 2021
Principal Amount OutstandingFair Value Principal Amount Outstanding Fair Value
Maxim 2023 Notes, due March 2023$— $— $500,000 $520,236 
2024 Notes, due October 2024500,000 500,233 500,000 500,482 
2025 Notes, due April 2025400,000 413,314 400,000 423,265 
2026 Notes, due December 2026900,000 960,798 900,000 986,243 
Maxim 2027 Notes, due June 2027500,000 528,442 500,000 542,942 
2028 Notes, due October 2028750,000 722,982 750,000 743,109 
2031 Notes, due October 20311,000,000 964,300 1,000,000 996,702 
2036 Notes, due December 2036144,278 165,586 144,278 176,960 
2041 Notes, due October 2041750,000 712,026 750,000 758,246 
2045 Notes, due December 2045332,587 444,072 332,587 469,592 
2051 Notes, due October 20511,000,000 952,121 1,000,000 1,029,830 
Total debt$6,276,865 $6,363,874 $6,776,865 $7,147,607