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Fair Value (Tables)
 6 Months Ended
May 03, 2025
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 May 3, 2025 and November 2, 2024. 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 May 3, 2025 and November 2, 2024, the Company held $1.8 billion and $1.4 billion, respectively, of cash that is excluded from the tables below.
 May 3, 2025
 
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$564,760 $— $564,760 
Other assets:
Forward foreign currency exchange contracts (1)— 20,704 20,704 
Deferred compensation plan investments88,173 — 88,173 
Total assets measured at fair value$652,933 $20,704 $673,637 
Liabilities
Forward foreign currency exchange contracts (1)$— $5,320 $5,320 
Interest rate derivatives (2)— 21,881 21,881 
Total liabilities measured at fair value$— $27,201 $27,201 
(1)The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 8, 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 8, Derivatives, in these Notes to Condensed Consolidated Financial Statements.

 November 2, 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$592,560 $— $592,560 
Short-term investments:
Available-for-sale:
Securities with one year or less to maturity:
Corporate obligations (1)— 71,246 71,246 
Bank obligations (1)— 300,576 300,576 
Other assets:
Forward foreign currency exchange contracts (2)— 7,318 7,318 
Deferred compensation plan investments92,698 — 92,698 
Total assets measured at fair value$685,258 $379,140 $1,064,398 
Liabilities
Forward foreign currency exchange contracts (2)$— $16,279 $16,279 
Interest rate derivatives (3)— 36,855 36,855 
Total liabilities measured at fair value$— $53,134 $53,134 
(1)The amortized cost of the Company’s investments classified as available-for-sale as of November 2, 2024 was $382.9 million.
(2)The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 8, 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 8, 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 ($548.7 million and $547.7 million as of May 3, 2025 and November 2, 2024, respectively). The fair values of the senior unsecured notes are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy.
May 3, 2025November 2, 2024
Principal Amount OutstandingFair Value Principal Amount Outstanding Fair Value
2025 Notes, due April 2025$— $— 400,000 397,027 
2026 Notes, due December 2026900,000 888,786 900,000 882,795 
2027 Notes, due June 2027440,212 433,822 440,212 421,077 
2028 Notes, due October 2028750,000 687,186 750,000 673,316 
2031 Notes, due October 20311,000,000 855,938 1,000,000 843,766 
2032 Notes, due October 2032300,000 290,073 300,000 287,172 
2034 Notes, due April 2034550,000 550,679 550,000 553,375 
2036 Notes, due December 2036144,278 135,324 144,278 136,718 
2041 Notes, due October 2041750,000 531,630 750,000 534,435 
2045 Notes, due December 2045332,587 312,258 332,587 322,942 
2051 Notes, due October 20511,000,000 627,351 1,000,000 655,668 
2054 Notes, due April 2054550,000 510,692 550,000 541,912 
Total senior unsecured notes
$6,717,077 $5,823,739 $7,117,077 $6,250,203