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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
May 02, 2021
Apr. 26, 2020
Cash flows from operating activities:    
Net income $ 2,460 $ 1,647
Adjustments required to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 191 185
Severance and related charges 149 0
Share-based compensation 191 164
Deferred income taxes 24 19
Other (15) 22
Changes in operating assets and liabilities:    
Accounts receivable (411) (92)
Inventories (149) (252)
Other current and non-current assets 3 (112)
Accounts payable and accrued expenses (155) 82
Contract liabilities 385 (2)
Income taxes payable (90) (37)
Other liabilities 25 (2)
Cash provided by operating activities 2,608 1,622
Cash flows from investing activities:    
Capital expenditures (325) (173)
Cash paid for acquisitions, net of cash acquired (12) (27)
Proceeds from sales and maturities of investments 624 1,035
Purchases of investments (722) (832)
Cash provided by (used in) investing activities (435) 3
Cash flows from financing activities:    
Debt borrowings, net of issuance costs 0 1,498
Proceeds from common stock issuances 86 91
Common stock repurchases (750) (399)
Tax withholding payments for vested equity awards (159) (163)
Payments of dividends to stockholders (403) (385)
Cash provided by (used in) financing activities (1,226) 642
Increase in cash, cash equivalents and restricted cash equivalents 947 2,267
Cash, cash equivalents and restricted cash equivalents — beginning of period 5,466 3,129
Cash, cash equivalents and restricted cash equivalents — end of period 6,413 5,396
Reconciliation of cash, cash equivalents, and restricted cash equivalents    
Cash and cash equivalents 6,305 5,281
Restricted cash equivalents included in deferred income taxes and other assets 108 115
Supplemental cash flow information:    
Cash payments for income taxes 409 281
Cash refunds from income taxes 23 5
Cash payments for interest $ 103 $ 110