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Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)
 3 Months Ended
Jan. 29, 2017
Equity [Abstract]  
Components of accumulated other comprehensive loss, after-tax basis
Changes in the components of AOCI, net of tax, were as follows:
 
 
Unrealized Gain on Investments, Net
 
Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges
 
Defined and Postretirement Benefit Plans
 
Cumulative Translation Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
(in millions)
Balance at October 30, 2016
$
30

 
$
(18
)
 
$
(141
)
 
$
14

 
$
(115
)
Other comprehensive income (loss) before reclassifications
—

 
10

 
—

 
—

 
10

Amounts reclassified out of AOCI
1

 
5

 
(7
)
 
—

 
(1
)
Other comprehensive income (loss), net of tax
1

 
15

 
(7
)
 
—

 
9

Balance at January 29, 2017
$
31

 
$
(3
)
 
$
(148
)
 
$
14

 
$
(106
)


 
Unrealized Gain on Investments, Net
 
Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges
 
Defined and Postretirement Benefit Plans
 
Cumulative Translation Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
(in millions)
Balance at October 25, 2015
$
14

 
$
(15
)
 
$
(105
)
 
$
14

 
$
(92
)
Other comprehensive income (loss) before reclassifications
1

 
(3
)
 
—

 
—

 
(2
)
Amounts reclassified out of AOCI
—

 
—

 
—

 
—

 
—

Other comprehensive income (loss), net of tax
1

 
(3
)
 
—

 
—

 
(2
)
Balance at January 31, 2016
$
15

 
$
(18
)
 
$
(105
)
 
$
14

 
$
(94
)
Summary of stock repurchases
The following table summarizes Applied’s stock repurchases for the three months ended January 29, 2017 and January 31, 2016:
 
Three Months Ended
 
January 29,
2017
 
January 31,
2016
 
 
 
 
 
(in millions, except per share amount)
Shares of common stock repurchased
4

 
35

Cost of stock repurchased
$
130

 
$
625

Average price paid per share
$
31.80

 
$
17.64
Effect of share-based compensation on the results of operations
The effect of share-based compensation on the results of operations was as follows:
 
 
Three Months Ended
 
January 29,
2017
 
January 31,
2016
 
 
 
 
 
(In millions)
Cost of products sold
$
17

 
$
17

Research, development, and engineering
20

 
20

Marketing and selling
7

 
7

General and administrative
10

 
10

Total share-based compensation
$
54

 
$
54
Restricted stock units and restricted stock activity
A summary of the changes in restricted stock units, restricted stock, performance shares and performance units outstanding under Applied’s equity compensation plans during the three months ended January 29, 2017 is presented below:
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
 
 
 
 
(In millions, except per share amounts)
Outstanding at October 30, 2016
25

 
$
18.28

Granted
7

 
$
30.36

Vested
(9
)
 
$
16.26

Canceled
—

 
$
19.32

Outstanding at January 29, 2017
23

 
$
22.75