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Income Taxes (Tables)
12 Months Ended
Nov. 02, 2024
Income Tax Disclosure [Abstract]  
Schedule of income tax provision reconciliation The reconciliation of income tax computed at the U.S. federal statutory rates to income tax expense for fiscal 2024, fiscal 2023 and fiscal 2022 is as follows:
202420232022
U.S. federal statutory tax rate21.0 %21.0 %21.0 %
Income tax provision reconciliation:   
Tax at statutory rate$373,241 $757,681 $650,737 
Net foreign income subject to lower tax rate(219,294)(358,944)(358,725)
State income taxes, net of federal benefit(10,646)4,453 (15,615)
Valuation allowance10,615 (6,641)29,737 
Federal research and development tax credits(53,420)(65,391)(58,625)
Change in uncertain tax positions(19,514)17,985 19,394 
Amortization of purchased intangibles114,679 142,358 142,375 
Taxes attributable to the Tax Cuts and Jobs Act of 2017(3,977)(81,695)— 
U.S. effects of international operations(6,300)(98,286)(47,665)
Windfalls (under ASU 2016-09)(22,985)(24,211)(16,717)
Other, net(20,332)6,115 5,292 
Total income tax provision
$142,067 $293,424 $350,188 
Schedule of income before income tax domestic and foreign
Income before income taxes for fiscal 2024, fiscal 2023 and fiscal 2022 includes the following components:
Income before income taxes (1)202420232022
Domestic$517,555 $846,592 $958,465 
Foreign1,259,785 2,761,411 2,140,284 
Income before income taxes$1,777,340 $3,608,003 $3,098,749 
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(1)Income before income taxes reflects deemed intercompany royalties in all periods presented.
Schedule of components of the provision for income taxes
The components of the provision for income taxes for fiscal 2024, fiscal 2023 and fiscal 2022 are as follows:
202420232022
Current:   
Federal tax$348,144 $303,146 $304,556 
State14,399 11,772 13,214 
Foreign147,087 431,452 359,173 
Total current$509,630 $746,370 $676,943 
Deferred:   
Federal$(492,578)$(508,741)$(341,777)
State3,579 2,063 (612)
Foreign121,436 53,732 15,634 
Total deferred$(367,563)$(452,946)$(326,755)
Provision for income tax$142,067 $293,424 $350,188 
Schedule of deferred tax assets and liabilities
The significant components of the Company’s deferred tax assets and liabilities for fiscal 2024 and fiscal 2023 are as follows:
20242023
Deferred tax assets:  
Inventory reserves$29,139 $20,159 
Reserves for compensation and benefits48,801 57,603 
Tax credit carryovers318,469 313,891 
Stock-based compensation22,290 10,734 
Net operating losses41,340 42,825 
Intangible assets1,871,218 1,955,752 
Lease liability74,715 82,305 
Capitalization of R&D expenses (1)
624,682 421,485 
Other71,049 88,164 
Total gross deferred tax assets3,101,703 2,992,918 
Valuation allowance(343,079)(332,464)
Total deferred tax assets2,758,624 2,660,454 
Deferred tax liabilities:  
Depreciation(139,556)(122,125)
Deferred GILTI tax liabilities(2,442,068)(2,654,817)
Right of use asset(53,303)(60,343)
Acquisition-related intangibles(664,337)(727,749)
Total gross deferred tax liabilities(3,299,264)(3,565,034)
Net deferred tax liabilities$(540,640)$(904,580)
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(1) The Company included the effects of the mandatory capitalization and amortization of research and development expenses which began in fiscal 2023 under the Tax Cuts and Jobs Act.
Schedule of changes unrealized tax benefits
The following table summarizes the changes in the total amounts of unrealized tax benefits for fiscal 2022 through fiscal 2024:
Unrealized Tax Benefits
Balance, October 30, 2021
$132,521 
Additions for tax positions related to the Acquisition15,267 
Additions for tax positions related to current year11,800 
Additions for tax positions related to prior years
9,704 
Reductions due to lapse of applicable statute of limitations(3,965)
Balance, October 29, 2022
$165,327 
Additions for tax positions related to current year5,895 
Additions for tax positions related to prior years
17,096 
Reductions due to lapse of applicable statute of limitations(903)
Balance, October 28, 2023
$187,415 
Additions for tax positions related to current year5,793 
Reductions for tax positions related to prior years
(27,499)
Reductions due to lapse of applicable statute of limitations(3,013)
Balance, November 2, 2024
$162,696