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Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)
 3 Months Ended
Jan. 28, 2018
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 29, 2017
$
53

 
$
(11
)
 
$
(120
)
 
$
14

 
$
(64
)
Other comprehensive income (loss) before reclassifications
6

 
(14
)
 
—

 
—

 
(8
)
Amounts reclassified out of AOCI
—

 
(5
)
 
(2
)
 
—

 
(7
)
Other comprehensive income (loss), net of tax
6

 
(19
)
 
(2
)
 
—

 
(15
)
Balance at January 28, 2018
$
59

 
$
(30
)
 
$
(122
)
 
$
14

 
$
(79
)


 
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
)
Summary of stock repurchases
The following table summarizes Applied’s stock repurchases for the three months ended January 28, 2018 and January 29, 2017:
 
Three Months Ended
 
January 28,
2018
 
January 29,
2017
 
 
 
 
 
(in millions, except per share amount)
Shares of common stock repurchased
15

 
4

Cost of stock repurchased
$
782

 
$
130

Average price paid per share
$
53.41

 
$
31.80
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 28,
2018
 
January 29,
2017
 
 
 
 
 
(In millions)
Cost of products sold
$
22

 
$
17

Research, development and engineering
24

 
20

Marketing and selling
8

 
7

General and administrative
11

 
10

Total share-based compensation
$
65

 
$
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 28, 2018 is presented below:
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
 
 
 
 
(In millions, except per share amounts)
Outstanding at October 29, 2017
22

 
$
23.96

Granted
5

 
$
51.84

Vested
(8
)
 
$
21.72

Canceled
—

 
$
26.81

Outstanding at January 28, 2018
19

 
$
31.65