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Debt
 12 Months Ended
Nov. 01, 2025
Debt Disclosure [Abstract]  
Debt Debt
On June 16, 2025, in an underwritten public offering, the Company issued $850.0 million aggregate principal amount of 4.250% senior notes due June 15, 2028 (the 2028 Notes) and $650.0 million aggregate principal amount of 4.500% senior notes due June 15, 2030 (the 2030 Notes), in each case with semi-annual fixed interest payments due on June 15 and December 15 of each year, commencing December 15, 2025. The aggregate net proceeds of the offering were $1.5 billion, after discounts and issuance costs. Prior to May 15, 2028 with respect to the 2028 Notes and May 15, 2030 with respect to the 2030 Notes (the date that is one month prior to the maturity date of each series of notes), the Company may, at its option, redeem the 2028 or 2030 Notes, as applicable, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2028 Notes matured on June 15, 2028 and the 2030 Notes matured on June 15, 2030) on a semi-annual basis at the applicable treasury rate plus 10 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 2028 or 2030 Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the redemption date. On or after May 15, 2028 with respect to the 2028 Notes or May 15, 2030 with respect to the 2030 Notes, the Company may, at its option, redeem the 2028 or 2030 Notes, as applicable, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2028 or 2030 Notes, as applicable, being redeemed plus accrued and unpaid interest thereon to the redemption date. The 2028 and 2030 Notes are unsecured and rank equally in right of payment with all of the Company’s other existing and future unsecured senior indebtedness.
The Company’s debt consisted of the following as of November 1, 2025 and November 2, 2024:
November 1, 2025November 2, 2024
Fixed-rate 3.500% Senior Notes due on December 5, 2026
$900,000 $900,000 
Fixed-rate 3.450% Senior Notes due on June 15, 2027
440,212 440,212 
Fixed-rate 4.250% Senior Notes due on June 15, 2028
850,000 — 
Fixed-rate 1.700% Sustainability-Linked Senior Notes due on October 1, 2028
750,000 750,000 
Fixed-rate 4.500% Senior Notes due on June 15, 2030
650,000 — 
Fixed-rate 2.100% Senior Notes due on October 1, 2031 (1)
1,000,000 1,000,000 
Fixed-rate 4.250% Senior Notes due on October 1, 2032
300,000 300,000 
Fixed-rate 5.050% Senior Notes due on April 1, 2034
550,000 550,000 
Fixed-rate 4.500% Senior Notes due on December 5, 2036
144,278 144,278 
Fixed-rate 2.800% Senior Notes due on October 1, 2041
750,000 750,000 
Fixed-rate 5.300% Senior Notes due on December 15, 2045
332,587 332,587 
Fixed-rate 2.950% Senior Notes due on October 1, 2051
1,000,000 1,000,000 
Fixed-rate 5.300% Senior Notes due on April 1, 2054
550,000 550,000 
   Total Long-Term Debt8,217,077 6,717,077 
Fixed-rate 2.950% Senior Notes due on April 1, 2025
— 400,000 
Commercial paper notes446,639 547,738 
   Total Short-Term Debt
446,639 947,738 
Unamortized discounts, debt issuance costs and fair value adjustments(72,011)(83,128)
Total Debt$8,591,705 $7,581,687 
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(1) Includes fair value adjustment related to interest rate swap related to outstanding debt. See Note 2i, Derivative Instruments and Hedge Agreements, for more information.
The indentures governing the Company’s senior notes contain covenants that, among other things, limit the Company’s ability to incur, create, assume or guarantee any debt for borrowed money secured by a lien upon a principal property; enter into certain sale and lease-back transactions with respect to a principal property; and consolidate with or merge into, or transfer or lease all or substantially all of its assets to, any other party. As of November 1, 2025, the Company was in compliance with all covenants under its debt agreements.