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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Nov. 02, 2024
Oct. 28, 2023
Oct. 29, 2022
Revenue      
Revenue $ 9,427,157 $ 12,305,539 $ 12,013,953
Costs and Expenses      
Cost of sales 4,045,814 4,428,321 4,481,479
Gross margin 5,381,343 7,877,218 7,532,474
Operating expenses:      
Research and development 1,487,863 1,660,194 1,700,518
Selling, marketing, general and administrative 1,068,640 1,273,584 1,266,175
Amortization of intangibles 754,784 959,618 1,012,572
Special charges, net 37,258 160,710 274,509
 Total operating expenses 3,348,545 4,054,106 4,253,774
Operating income 2,032,798 3,823,112 3,278,700
Nonoperating expense (income):      
Interest expense 322,227 264,641 200,408
Interest income (78,817) (41,287) (6,906)
Other, net 12,048 (8,245) (13,551)
 Total nonoperating expense (income) 255,458 215,109 179,951
Earnings      
Income before income taxes 1,777,340 3,608,003 3,098,749
Provision for income taxes 142,067 293,424 350,188
Net income $ 1,635,273 $ 3,314,579 $ 2,748,561
Shares used to compute earnings per common share — basic (in shares) 496,166 502,232 519,226
Shares used to compute earnings per common share — diluted (in shares) 498,697 505,959 523,178
Basic earnings per common share (in dollars per share) $ 3.30 $ 6.60 $ 5.29
Diluted earnings per common share (in dollars per share) $ 3.28 $ 6.55 $ 5.25