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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Oct. 28, 2023
Accounting Policies [Abstract]  
Schedule of cash and cash equivalents and short term investments The components of the Company’s cash and cash equivalents as of October 28, 2023 and October 29, 2022 were as follows:
20232022
Cash$642,081 $1,016,027 
Available-for-sale securities315,980 454,545 
Total cash and cash equivalents$958,061 $1,470,572 
Schedule of supplemental cash flow statement information
202320222021
Cash paid during the fiscal year for:   
Income taxes$987,225 $821,683 $388,115 
Interest$206,415 $172,957 $197,841 
Noncash issuance of common stock for the Acquisition$— $— $27,754,161 
Fair value of partially vested equity replacement awards issued for the Acquisition
$— $— $194,890 
Schedule of inventories Inventories at October 28, 2023 and October 29, 2022 were as follows:
20232022
Raw materials$128,142 $110,908 
Work in process1,125,819 904,648 
Finished goods388,253 384,358 
Total inventories$1,642,214 $1,399,914 
Schedule of property, plant and equipment The following table presents details of the Company's property, plant and equipment (PP&E), net of accumulated depreciation:
2023
2022 (1)
Land and buildings$1,715,572 $1,459,981 
Machinery and equipment4,377,921 3,648,256 
Office equipment373,126 322,414 
Leasehold improvements177,313 118,856 
6,643,932 5,549,507 
Less accumulated depreciation and amortization3,424,775 3,148,203 
Net property, plant and equipment$3,219,157 $2,401,304 
_________________________________
(1) Certain amounts previously reported between machinery and equipment and office equipment have been reclassified to conform to the presentation for fiscal 2023.
Depreciation is based on the following ranges of estimated useful lives:
Buildings
Up to 30 years
Machinery & equipment
4-10 years
Office equipment
2-10 years
Leasehold improvements
5-20 years
Schedule of reclassification from properly, plant and equipment As of October 28, 2023, prepaid expenses and other current assets includes the following assets held for sale:
Land and buildings$61,724 
Less accumulated depreciation and amortization(20,604)
Net property, plant and equipment reclassified to Prepaid expenses and other current assets$41,120 
Schedule of changes in goodwill
The following table presents the changes in goodwill during fiscal 2023 and fiscal 2022:
20232022
Balance at beginning of year$26,913,134 $26,918,470 
Acquisition of Maxim (1)
— 15,267 
Foreign currency translation adjustment and other adjustments— (20,603)
Balance at end of year$26,913,134 $26,913,134 
_______________________
(1) See Note 6, Acquisitions, of the Notes to Consolidated Financial Statements for additional information.
Schedule of intangible assets
As of October 28, 2023 and October 29, 2022, the Company’s intangible assets consisted of the following:
 October 28, 2023October 29, 2022
 Gross Carrying
Amount 		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Customer relationships$10,335,903 $3,811,865 $10,335,903 $3,011,889 
Technology-based7,589,027 2,804,876 7,555,708 1,804,596 
Trade-name72,200 68,432 72,200 58,117 
Backlog361,200 361,200 361,200 213,346 
Assembled workforce1,800 1,800 1,800 1,679 
IPR&D — — 28,222 — 
Total (1)
$18,360,130 $7,048,173 $18,355,033 $5,089,627 
_______________________________________
(1) In fiscal 2022 foreign intangible asset carrying amounts were affected by foreign currency translation.
Schedule of expected annual amortization expense The Company expects annual amortization expense for intangible assets as follows:
Fiscal YearAmortization Expense
2024$1,739,964 
2025$1,579,260 
2026$1,529,468 
2027$1,526,093 
2028$1,462,929 
Schedule of 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 October 28, 2023 and October 29, 2022 were as follows:
Fair Value At
Balance Sheet LocationOctober 28, 2023October 29, 2022
Forward foreign currency exchange contractsAccrued liabilities$9,426 $18,050 
Schedule of offsetting assets liabilities The following table presents the gross amounts of the Company's forward foreign currency exchange contracts and the net amounts recorded in the Company's Consolidated Balance Sheet as of October 29, 2022:
 October 29, 2022
Gross amount of recognized liabilities$(19,846)
Gross amounts of recognized assets2,862 
Net liabilities offset and presented in the Consolidated Balance Sheets$(16,984)
Schedule of interest rate derivatives The gain or loss on the hedged item attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps were recorded as follows:
October 28, 2023
Balance Sheet LocationLoss on SwapsGain on Note
Accrued liabilities$81,602 $— 
Long-term debt
$— $81,602 
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 October 28, 2023 and October 29, 2022. 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
October 28, 2023 and October 29, 2022, the Company held $642.1 million and $1,016.0 million, respectively, of cash that was excluded from the tables below.
 October 28, 2023
 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$315,980 $— $315,980 
Other assets:
Forward foreign currency exchange contracts (1)
— 1,940 1,940 
Deferred compensation investments78,246 — 78,246 
Total assets measured at fair value$394,226 $1,940 $396,166 
Liabilities
Forward foreign currency exchange contracts (1)
$— $13,515 $13,515 
Interest rate derivatives (2)
— 81,602 81,602 
Total liabilities measured at fair value$— $95,117 $95,117 
(1) The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of the Notes to Consolidated Financial Statements for more information related to the Company's master netting arrangements.
(2) The carrying value of the related debt was adjusted by an equal and offsetting amount. See Note 2i, Derivative Instruments and Hedging Agreements, of the Notes to Consolidated Financial Statements.
 October 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$454,545 $— $454,545 
Other assets:
Deferred compensation investments63,211 — 63,211 
Total assets measured at fair value$517,756 $— $517,756 
Liabilities
Forward foreign currency exchange contracts (1)$— $16,984 $16,984 
Total liabilities measured at fair value$— $16,984 $16,984 
(1) The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of the 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. As commercial paper issuances are at then current rates and with very short maturities, the carrying value will approximate fair value. 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. See Note 14, Debt, of the Notes to Consolidated Financial Statements for further discussion related to outstanding debt.
October 28, 2023October 29, 2022
Principal Amount OutstandingFair Value Principal Amount Outstanding Fair Value
Commercial paper notes
$547,224 $547,185 $— $— 
2024 Notes, due October 2024500,000 499,473 500,000 491,982 
2025 Notes, due April 2025400,000 385,231 400,000 383,378 
2026 Notes, due December 2026900,000 851,023 900,000 851,479 
Maxim 2027 Notes, due June 2027— — 59,788 54,771 
2027 Notes, due June 2027440,212 408,595 440,212 410,091 
2028 Notes, due October 2028750,000 628,999 750,000 621,093 
2031 Notes, due October 20311,000,000 773,404 1,000,000 786,772 
2032 Notes, due October 2032300,000 269,828 300,000 278,359 
2036 Notes, due December 2036144,278 118,554 144,278 126,274 
2041 Notes, due October 2041750,000 479,078 750,000 513,709 
2045 Notes, due December 2045332,587 292,248 332,587 313,931 
2051 Notes, due October 20511,000,000 590,666 1,000,000 640,766 
Total Debt$7,064,301 $5,844,284 $6,576,865 $5,472,605 
Schedule of components of accumulated other comprehensive (loss) income The changes in components of AOCI at October 28, 2023 and October 29, 2022 consisted of the following:
Foreign currency translation adjustmentUnrealized holding gains/losses on derivativesPension plansTotal
October 29, 2022$(72,136)$(119,613)$(6,403)$(198,152)
Other comprehensive income before reclassifications(408)8,433 (8,513)(488)
Amounts reclassified out of other comprehensive loss— 12,933 1,513 14,446 
Tax— (3,796)(312)(4,108)
Other comprehensive income(408)17,570 (7,312)9,850 
October 28, 2023$(72,544)$(102,043)$(13,715)$(188,302)
Schedule of reclassification out of accumulated other comprehensive income
The amounts reclassified out of AOCI into the Consolidated Statements of Income, with presentation location during each period were as follows:
Comprehensive Income Component20232022Location
Changes in unrealized holding gains/losses on derivatives
Currency forwards $213 $9,474 Cost of sales
538 5,637 Research and development
(2,738)9,492 Selling, marketing, general and administrative
Interest rate derivatives14,920 14,923 Interest expense
12,933 39,526 Total before tax
(3,311)(5,054)Tax
$9,622 $34,472 Net of tax
Amortization of pension components included in the computation of net periodic benefit cost
Actuarial losses$1,513 $1,973 Net of tax
Total amounts reclassified out of AOCI, net of tax$11,135 $36,445 
_______________________________________
(1)The amortization of pension components is included in the computation of net periodic benefit cost. See Note 11, Retirement Plans, of the Notes to Consolidated Financial Statements for further information.
Schedule of computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
20232022 2021
Net income (1)$3,314,579 $2,748,561 $1,390,422 
Basic shares:   
Weighted-average shares outstanding502,232 519,226 397,462 
Earnings per common share basic$6.60 $5.29 $3.50 
Diluted shares:   
Weighted-average shares outstanding502,232 519,226 397,462 
Assumed exercise of common stock equivalents3,727 3,952 3,826 
Weighted-average common and common equivalent shares505,959 523,178 401,288 
Earnings per common share diluted$6.55 $5.25 $3.46 
Anti-dilutive shares related to:   
Outstanding stock options253 608 424 
_______________________________________
(1)For all fiscal years presented, income allocated to participating securities, if any, is not material.