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Fair Value (Tables)
 3 Months Ended
Feb. 03, 2024
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial assets and liabilities
The tables below, set forth by level, present the Company’s financial assets and liabilities, excluding accrued interest components that were accounted for at fair value on a recurring basis as of February 3, 2024 and October 28, 2023. 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 February 3, 2024 and October 28, 2023, the Company held $721.4 million and $642.1 million, respectively, of cash that is excluded from the tables below.
 February 3, 2024
 
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$512,453 $— $512,453 
Corporate obligations (1)— 69,755 69,755 
Other assets:
Forward foreign currency exchange contracts (2)
$— $4,044 4,044 
Deferred compensation plan investments89,267 — 89,267 
Total assets measured at fair value$601,720 $73,799 $675,519 
Liabilities
Forward foreign currency exchange contracts (2)
$— $11,282 $11,282 
Interest rate derivatives (3)
— 37,074 37,074 
Total liabilities measured at fair value$— $48,356 $48,356 
(1)The amortized cost of the Company's investments classified as available-for-sale as of February 3, 2024 was $69.8 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.
(3)The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements.
 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 plan 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 9, Derivatives, in these Notes to Condensed 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. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements.
Schedule of debt
The table below presents the estimated fair values of certain financial instruments not recorded at fair value on a recurring basis. Given the short tenure of the Company's commercial paper notes, the carrying value of the outstanding commercial paper notes approximates the fair values, and therefore, are excluded from the table below ($544.4 million and $547.2 million as of February 3, 2024 and October 28, 2023, respectively). 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.
February 3, 2024October 28, 2023
Principal Amount OutstandingFair Value Principal Amount Outstanding Fair Value
2024 Notes, due October 2024$500,000 $500,183 $500,000 $499,473 
2025 Notes, due April 2025400,000 391,161 400,000 385,231 
2026 Notes, due December 2026900,000 874,033 900,000 851,023 
2027 Notes, due June 2027440,212 420,472 440,212 408,595 
2028 Notes, due October 2028750,000 659,548 750,000 628,999 
2031 Notes, due October 20311,000,000 836,328 1,000,000 773,404 
2032 Notes, due October 2032300,000 286,680 300,000 269,828 
2036 Notes, due December 2036144,278 128,570 144,278 118,554 
2041 Notes, due October 2041750,000 545,101 750,000 479,078 
2045 Notes, due December 2045332,587 326,610 332,587 292,248 
2051 Notes, due October 20511,000,000 685,693 1,000,000 590,666 
Total senior unsecured notes
$6,517,077 $5,654,379 $6,517,077 $5,297,099