Stock-Based Compensation and Shareholders' Equity (Tables)

12 Months Ended

Oct. 29, 2022

Share-Based Payment Arrangement [Abstract]

Summary of 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 2021 and fiscal 2020 is below. The Company did not grant stock option awards in fiscal 2022.

	2021		2020
Options granted (in thousands)	644		359
Weighted-average exercise price	$145.04		$94.41
Weighted-average grant-date fair value	$33.35		$18.81
Assumptions:
Weighted-average expected volatility	35.3	%	29.5	%
Weighted-average expected term (in years)	5.0		5.0
Weighted-average risk-free interest rate	0.8	%	0.7	%
Weighted-average expected dividend yield	1.9	%	2.6	%

Summary of share-based payment arrangement, expensed amount

Total stock-based compensation expense recognized is as follows:

	2022		2021		2020
Cost of sales	$	36,773	$	22,028	$	17,684
Research and development	121,298		86,820		73,366
Selling, marketing, general and administrative	133,900		80,099		56,838
Special charges, net	31,516		54,664		1,630
Total stock-based compensation expense	$	323,487	$	243,611	$	149,518

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, 2022 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 30, 2021	3,746	$85.22
Options exercised	(545)	$62.16
Options forfeited	(7)	$97.94
Options outstanding at October 29, 2022	3,194	$89.13	4.9	$178,511
Options exercisable at October 29, 2022	2,351	$73.93	3.8	$166,927
Options vested or expected to vest at October 29, 2022 (1)	3,161	$88.67	4.9	$178,134

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(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 and award activity as of October 29, 2022 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 30, 2021	5,924	$132.59
Units/Awards granted	2,173	$154.46
Restrictions lapsed	(2,156)	$128.19
Forfeited	(619)	$139.12
Restricted stock units/awards outstanding at October 29, 2022	5,322	$142.54