Fair Value (Tables)

3 Months Ended

Feb. 04, 2012

Fair Value [Abstract]

Fair value of financial assets and liabilities

The tables below set forth by level the Company’s financial assets and liabilities, excluding accrued interest components that were accounted for at fair value on a recurring basis as of February 4, 2012 and October 29, 2011. 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 February 4, 2012 and October 29, 2011, the Company held $81.4 million and $31.6 million, respectively, of cash and held-to-maturity investments that were excluded from the tables below.

	February 4, 2012
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Institutional money market funds	$	529,437	$	—	$	—	$	529,437
Corporate obligations (1)		—		547,603		—		547,603
Short — term investments:
Available-for-sale:
Securities with one year or less to maturity:
Corporate obligations (1)		—		2,354,585		—		2,354,585
Floating rate notes, issued at par		—		60,041		—		60,041
Floating rate notes (1)		—		17,755		—		17,755
Securities with greater than one year to maturity:
Floating rate notes (1)		—		76,615		—		76,615
Other assets:
Deferred compensation investments		27,724		—		—		27,724
Other investments		1,414		—		—		1,414
Interest rate swap agreements		—		21,418		—		21,418
Total assets measured at fair value	$	558,575	$	3,078,017	$	—	$	3,636,592
Liabilities
Forward foreign currency exchange contracts (2)	$	—	$	4,868	$	—	$	4,868
$375 million aggregate principle 5.0% debt (3)		—		395,654		—		395,654
Contingent consideration		—		—		12,244		12,244
Total liabilities measured at fair value	$	—	$	400,522	$	12,244	$	412,766

(1) The amortized cost of the Company’s investments classified as available-for-sale as of February 4, 2012 was $2,997.5 million.

(2) The Company has a master netting arrangement by counterparty with respect to derivative contracts. As of February 4, 2012, contracts in an asset position of $0.4 million were netted against contracts in a liability position in the condensed consolidated balance sheet.

(3) Equal to the accreted notional value of the debt plus the fair value of the interest rate component of the long-term debt. The fair value of the long-term debt as of February 4, 2012 was $410.6 million.

	October 29, 2011
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Institutional money market funds	$	1,278,121	$	—	$	—	$	1,278,121
Corporate obligations (1)		—		95,948		—		95,948
Short — term investments:
Available-for-sale:
Securities with one year or less to maturity:
Corporate obligations (1)		—		2,169,078		—		2,169,078
Floating rate notes (1)		—		17,704		—		17,704
Other assets:
Forward foreign currency exchange contracts (2)		—		2,472		—		2,472
Deferred compensation investments		26,410		—		—		26,410
Other investments		1,135		—		—		1,135
Interest rate swap agreements		—		22,187		—		22,187
Total assets measured at fair value	$	1,305,666	$	2,307,389	$	—	$	3,613,055
Liabilities
$375 million aggregate principle 5.0% debt (3)	$	—	$	396,337	$	—	$	396,337
Contingent consideration		—		—		13,973		13,973
Total liabilities measured at fair value	$	—	$	396,337	$	13,973	$	410,310

(1) The amortized cost of the Company’s investments classified as available-for-sale as of October 29, 2011 was $2,284.9 million.

(2) The Company has a master netting arrangement by counterparty with respect to derivative contracts. As of October 29, 2011, contracts in a liability position of $0.8 million were netted against contracts in an asset position in the condensed consolidated balance sheet.

(3) Equal to the accreted notional value of the debt plus the fair value of the interest rate component of the long-term debt. The fair value of the long-term debt as of October 29, 2011 was $413.4 million.

Change in fair value of contingent consideration measured with significant unobservable inputs

The following table summarizes the change in the fair value of the contingent consideration measured using significant unobservable inputs (Level 3) as of October 29, 2011 and February 4, 2012:

	Contingent Consideration
Balance as of October 30, 2010	$	—
Contingent consideration liability recorded		13,790
Fair value adjustment		183
Balance as of October 29, 2011	$	13,973
Payment made*		(2,000	)
Fair value adjustment		271
Balance as of February 4, 2012	$	12,244

* The payment is reflected in the statements of cash flows as cash used in financing activities related to the liability recognized at fair value as of the acquisition date and cash provided by operating activities related to the fair value adjustments previously recognized in earnings.