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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Nov. 01, 2025
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents and Short-term Investments
The components of the Company’s cash and cash equivalents and short-term investments as of November 1, 2025 and November 2, 2024 were as follows:
20252024
Cash and Cash Equivalents:
  
Cash and cash equivalents
$1,360,969 $1,398,782 
Available-for-sale securities1,138,437 592,560 
Total cash and cash equivalents$2,499,406 $1,991,342 
Short-term investments:  
Available-for-sale securities
1,152,915 371,822 
Total short-term investments$1,152,915 $371,822 
Schedule of Supplemental Cash Flow Statement Information
202520242023
Cash paid during the fiscal year for:   
Income taxes$568,137 $414,838 $987,225 
Interest$255,637 $268,192 $206,415 
Schedule of Inventories
Inventories at November 1, 2025 and November 2, 2024 were as follows:
20252024
Raw materials$70,183 $93,608 
Work in process1,218,625 1,047,022 
Finished goods367,515 307,057 
Total inventories$1,656,323 $1,447,687 
Schedule of Property, Plant and Equipment
The following table presents details of the Company’s property, plant and equipment (PP&E), net of accumulated depreciation:
20252024 (1)
Land and buildings$2,118,530 $2,077,384 
Machinery and equipment4,592,126 4,441,293 
Office equipment499,227 477,884 
Leasehold improvements195,707 191,427 
7,405,590 7,187,988 
Less accumulated depreciation and amortization4,089,894 3,772,438 
Net property, plant and equipment$3,315,696 $3,415,550 
_______________________________________
(1)Certain amounts previously reported between land and buildings and machinery and equipment have been reclassified to conform to the current year presentation.
Depreciation is based on the following ranges of estimated useful lives:
Buildings
Up to 30 years
Machinery & equipment
4-10 years
Office equipment
2-10 years
Leasehold improvements
5-20 years
Schedule of Reclassification From Properly, Plant and Equipment As of November 1, 2025, prepaid expenses and other current assets includes the following assets held for sale:
Land and buildings$60,890 
Machinery and equipment25,756 
Office equipment6,519 
Less accumulated depreciation and amortization(39,005)
Net property, plant and equipment reclassified to Prepaid expenses and other current assets$54,160 
Schedule of Changes in Goodwill
The following table presents the changes in goodwill during fiscal 2025 and fiscal 2024:
 20252024
Balance at beginning of year$26,909,775 $26,909,775 
Acquisition (1)
35,405 — 
Balance at end of year$26,945,180 $26,909,775 
_______________________________________
(1) The fiscal 2025 acquisition was not material to the Company.
Schedule of Intangible Assets
As of November 1, 2025 and November 2, 2024, the Company’s intangible assets consisted of the following:
 November 1, 2025November 2, 2024
 Gross Carrying
Amount 		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Customer relationships$10,335,903 $5,311,189 $10,335,903 $4,561,856 
Technology-based7,617,866 4,628,765 7,597,471 3,786,054 
Trade-name72,200 72,200 72,200 72,200 
Assembled workforce1,800 1,800 1,800 1,800 
Total$18,027,769 $10,013,954 $18,007,374 $8,421,910 
Schedule of Expected Annual Amortization Expense
The Company expects annual amortization expense for intangible assets as follows:
Fiscal YearAmortization Expense
2026$1,537,505 
2027$1,533,013 
2028$1,465,336 
2029$1,128,237 
2030$404,189 
Schedule of Fair Value of Hedging Instruments The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s Consolidated Balance Sheets as of November 1, 2025 and November 2, 2024 were as follows:
Fair Value At
Balance Sheet LocationNovember 1, 2025November 2, 2024
Forward foreign currency exchange contractsPrepaid expenses and other current assets$4,403 $780 
Forward foreign currency exchange contractsAccrued liabilities$4,399 $4,235 
As of November 1, 2025 and November 2, 2024, the total notional amounts of undesignated hedges related to forward foreign currency exchange contracts were $207.3 million and $176.8 million, respectively.
Fair Value At
Balance Sheet LocationNovember 1, 2025November 2, 2024
Undesignated hedges related to forward foreign currency exchange contracts
Prepaid expenses and other current assets$2,305 $6,538 
Undesignated hedges related to forward foreign currency exchange contracts
Accrued liabilities$3,576 $12,044 
Schedule of Interest Rate Derivatives The gain or loss on the hedged item attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps were recorded as follows:
November 1, 2025November 2, 2024
Balance Sheet LocationLoss on SwapsGain on NoteLoss on SwapsGain on Note
Accrued liabilities$12,550 $— $36,855 $— 
Long-term debt
$— $12,550 $— $36,855 
Schedule of Fair Value of Financial Assets and Liabilities
The tables below, set forth by level, presents the Company’s financial assets and liabilities, excluding accrued interest components, that were accounted for at fair value on a recurring basis as of November 1, 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 November 1, 2025 and November 2, 2024, the Company held $1.4 billion and $1.4 billion, respectively, of cash that was
excluded from the tables below.
 November 1, 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$740,730 $— $740,730 
Corporate obligations (1)— 397,707 397,707 
Short-term investments (2):
Available-for-sale:
Corporate obligations (1)— 656,839 656,839 
Bank obligations (1)— 496,076 496,076 
Other assets:
Forward foreign currency exchange contracts (3)— 6,708 6,708 
Deferred compensation investments105,188 — 105,188 
Total assets measured at fair value$845,918 $1,557,330 $2,403,248 
Liabilities
Forward foreign currency exchange contracts (3)$— $7,975 $7,975 
Interest rate derivatives (4)— 12,550 12,550 
Total liabilities measured at fair value$— $20,525 $20,525 
(1) The amortized cost of the Company’s investments classified as available-for-sale as of November 1, 2025 was $1.6 billion.
(2) Available-for-sale securities are classified as current assets on the Consolidated Balance Sheets if the securities are available to be converted into cash to fund current operations.
(3) The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of the Notes to Consolidated Financial Statements for more information related to the Company’s master netting arrangements.
(4) 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 2i, Derivative Instruments and Hedging Agreements, of the Notes to 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 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 2i, Derivative Instruments and Hedging Agreements, of the Notes to 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 2i, Derivative Instruments and Hedging Agreements, of the Notes to Consolidated Financial Statements.
Schedule of Debt The table below presents the estimated fair value 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 ($446.6 million and $547.7 million as of November 1, 2025 and November 2, 2024, respectively). The fair values of the senior unsecured notes are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy. See Note 12, Debt, of the Notes to Consolidated Financial Statements for further discussion related to outstanding debt.
November 1, 2025November 2, 2024
Principal Amount OutstandingFair Value Principal Amount Outstanding Fair Value
2025 Notes, due April 2025$— $— $400,000 $397,027 
2026 Notes, due December 2026900,000 895,623 900,000 882,795 
2027 Notes, due June 2027440,212 436,916 440,212 421,077 
2028 Notes, due June 2028850,000 856,345 — — 
2028 Notes, due October 2028750,000 704,186 750,000 673,316 
2030 Notes, due June 2030650,000 659,834 — — 
2031 Notes, due October 20311,000,000 884,390 1,000,000 843,766 
2032 Notes, due October 2032300,000 301,546 300,000 287,172 
2034 Notes, due April 2034550,000 571,370 550,000 553,375 
2036 Notes, due December 2036144,278 138,756 144,278 136,718 
2041 Notes, due October 2041750,000 555,925 750,000 534,435 
2045 Notes, due December 2045332,587 327,992 332,587 322,942 
2051 Notes, due October 20511,000,000 662,609 1,000,000 655,668 
2054 Notes, due April 2054550,000 541,087 550,000 541,912 
Total Debt$8,217,077 $7,536,579 $7,117,077 $6,250,203 
Schedules of Concentration of Risk, By Risk Factor
Revenue attributable to significant distributors whose revenue as a percentage of total revenue was 10% or greater of total revenue is presented in the following table:
Year Ended
November 1, 2025November 2, 2024October 28, 2023
Distributor 1
24%24%25%
Distributor 2
*12%10%
Distributor 3
13%12%*
___________________________________________________________
*Revenue for this distributor was not greater than 10% of total revenue for this period.
Schedule of Components of Accumulated Other Comprehensive (Loss) Income The changes in components of AOCI at November 1, 2025 and November 2, 2024 consisted of the following:
Foreign currency translation adjustmentUnrealized holding gains/losses on derivativesPension plansTotal
November 2, 2024$(71,511)$(85,202)$(28,543)$(185,256)
Other comprehensive income before reclassifications(189)1,163 11,516 12,490 
Amounts reclassified out of other comprehensive income
— 17,781 2,094 19,875 
Tax— (3,519)1,828 (1,691)
Other comprehensive income(189)15,425 15,438 30,674 
November 1, 2025$(71,700)$(69,777)$(13,105)$(154,582)
Schedule of Reclassification Out of Accumulated Other Comprehensive Income
The amounts reclassified out of AOCI into the Consolidated Statements of Income, with presentation location during each period were as follows:
Comprehensive Income Component20252024Location
Changes in unrealized holding gains/losses on derivatives
Currency forwards $1,338 $(775)Cost of sales
936 (219)Research and development
583 (3,762)Selling, marketing, general and administrative
Interest rate derivatives14,924 14,924 Interest expense
17,781 10,168 Total before tax
(3,228)(2,140)Tax
$14,553 $8,028 
Amortization of pension components included in the computation of net periodic benefit cost
Actuarial losses (1)$2,094 $1,032 
Total amounts reclassified out of AOCI, net of tax$16,647 $9,060 
_______________________________________
(1)The amortization of pension components is included in the computation of net periodic benefit cost. See Note 9, Retirement Plans, of the Notes to Consolidated Financial Statements for further information.
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
202520242023
Net income$2,267,342 $1,635,273 $3,314,579 
Basic shares:   
Weighted-average shares outstanding494,381 496,166 502,232 
Earnings per common share basic$4.59 $3.30 $6.60 
Diluted shares:   
Weighted-average shares outstanding494,381 496,166 502,232 
Assumed exercise of common stock equivalents2,328 2,531 3,727 
Weighted-average common and common equivalent shares496,709 498,697 505,959 
Earnings per common share diluted$4.56 $3.28 $6.55 
Anti-dilutive shares related to:   
Outstanding stock options94 71 253