Employee Benefit Plans (Tables)

12 Months Ended

Oct. 28, 2018

Retirement Benefits [Abstract]

Changes in benefit obligations and plan assets including post-retirement benefits

A summary of the changes in benefit obligations and plan assets, which includes post-retirement benefits, for each fiscal year is presented below:

	2018			2017			2016
	(In millions, except percentages)
Change in projected benefit obligation
Beginning projected benefit obligation	$	506		$	495		$	471
Service cost	12			13			13
Interest cost	11			10			13
Plan participants’ contributions	1			2			1
Actuarial (gain) loss	24			(35		)	77
Curtailments, settlements and special termination benefits	(1		)	(1		)	(6		)
Foreign currency exchange rate changes	(16		)	34			(42		)
Benefits paid	(12		)	(12		)	(10		)
Plan amendments and business combinations	(1		)	—			(22		)
Ending projected benefit obligation	$	524		$	506		$	495
Ending accumulated benefit obligation	$	490		$	472		$	460
Range of assumptions to determine benefit obligations
Discount rate	0.6% - 3.1%			0.5% - 3.4%			0.5% - 3.1%
Rate of compensation increase	2.4% - 3.5%			2.2% - 3.5%			1.6% - 3.6%
Change in plan assets
Beginning fair value of plan assets	$	361		$	310		$	281
Return on plan assets	17			18			37
Employer contributions	11			16			50
Plan participants’ contributions	1			2			1
Foreign currency exchange rate changes	(12		)	28			(45		)
Divestitures, settlements and business combinations	(1		)	(1		)	(4		)
Benefits paid	(12		)	(12		)	(10		)
Ending fair value of plan assets	$	365		$	361		$	310
Funded status	$	(159	)	$	(145	)	$	(185	)
Amounts recognized in the consolidated balance sheets
Noncurrent asset	$	19		$	17		$	11
Current liability	(1		)	(1		)	(2		)
Noncurrent liability	(177		)	(161		)	(194		)
Total	$	(159	)	$	(145	)	$	(185	)
Estimated amortization from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal period
Actuarial loss	$	8		$	6		$	6
Prior service credit	(1		)	(4		)	(16		)
Total	$	7		$	2		$	(10	)
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss	$	161		$	141		$	186
Prior service credit	(2		)	(4		)	(21		)
Total	$	159		$	137		$	165
Plans with projected benefit obligations in excess of plan assets
Projected benefit obligation	$	365		$	326		$	341
Fair value of plan assets	$	186		$	142		$	145
Plans with accumulated benefit obligations in excess of plan assets
Accumulated benefit obligation	$	331		$	293		$	307
Fair value of plan assets	$	186		$	142		$	145

	2018		2017
Plan assets — allocation
Equity securities	47	%	47	%
Debt securities	32	%	39	%
Insurance contracts	10	%	11	%
Other investments	10	%	3	%
Cash	1	%	—	%

Summary of ending fair value of the plan assets

The following table presents a summary of the ending fair value of the plan assets:

	October 28, 2018								October 29, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(In millions)
Equity securities	$	86	$	—	$	—	$	86	$	83	$	—	$	—	$	83
Debt securities	19		—		—		19		16		—		—		16
Insurance contracts	—		—		36		36		—		—		38		38
Other investments	—		14		—		14		—		13		—		13
Cash	2		—		—		2		2		—		—		2
Total assets at fair value	$	107	$	14	$	36	157		$	101	$	13	$	38	152
Assets measured at net asset value							208								209
Total							$	365							$	361

Activity in Level 3 instruments

The following table presents the activity in Level 3 instruments for each fiscal year:

	2018			2017
	(In millions)
Balance, beginning of year	$	38		$	38
Actual return on plan assets:
Relating to assets still held at reporting date	(1		)	(3		)
Purchases, sales, settlements, net	—			1
Currency impact	(1		)	2
Balance, end of year	$	36		$	38

Schedule of net benefit costs and weighted average assumptions used

A summary of the components of net periodic benefit costs and the weighted average assumptions used for net periodic benefit cost calculations for each fiscal year is presented below:

	2018			2017			2016
	(In millions, except percentages)
Components of net periodic benefit cost
Service cost	$	12		$	13		$	13
Interest cost	11			10			13
Expected return on plan assets	(20		)	(18		)	(14		)
Amortization of actuarial loss and prior service credit	3			(10		)	3
Settlement and curtailment loss	—			—			(5		)
Net periodic benefit cost (income)	$	6		$	(5	)	$	10
Weighted average assumptions
Discount rate	2.16		%	1.88		%	2.82		%
Expected long-term return on assets	5.41		%	5.38		%	5.38		%
Rate of compensation increase	2.66		%	2.69		%	2.71		%

Schedule of expected benefit payments

Future expected benefit payments for the pension plans and the post-retirement plan over the next ten fiscal years are as follows:

	Benefit Payments
	(In millions)
2019	$	12
2020	12
2021	13
2022	13
2023	12
2024-2028	77
	$	139