Leases (Tables)

9 Months Ended

Jul. 30, 2023

Leases [Abstract]

Schedule of Lease Expense

The components of lease expense and supplemental information were as follows: 

	Three Months Ended				Nine Months Ended
	July 30, 2023		July 31, 2022		July 30, 2023		July 31, 2022
	(In millions, except percentages)
Operating lease cost	$	25	$	26	$	78	$	69
Finance lease cost:
Amortization of right-of-use assets					$	1	$	—
Interest on lease liabilities					$	2	$	—
Weighted-average remaining lease term (in years) - operating leases					5.8		7.2
Weighted-average remaining lease term (in years) - finance leases					1.1		n/a
Weighted-average discount rate - operating leases					2.9%		2.3%
Weighted-average discount rate - finance leases					4.6%		n/a

Supplemental cash flow information related to leases are as follows:

	Nine Months Ended
	July 30, 2023		July 31, 2022
	(In millions)
Operating cash flows paid for operating leases	$	89	$	69
Operating cash flows paid for finance leases	$	2	$	—
Financing cash flows paid for finance leases	$	8	$	—
Right-of-use assets obtained in exchange for operating lease liabilities	$	83	$	192
Right-of-use assets obtained in exchange for finance lease liabilities	$	109	$	—

Schedule of Operating Lease, Maturities of Lease Liabilities

As of July 30, 2023, the maturities of lease liabilities are as follows: 

	Operating Leases		Finance Leases
Fiscal	(In millions)
2023 (remaining 3 months)	$	21	$	—
2024	94		106
2025	77		—
2026	43		—
2027	33		—
Thereafter	105		—
Total lease payments	$	373	$	106
Less imputed interest	(34)		(5)
Total	$	339	$	101

Schedule of finance lease maturities

As of July 30, 2023, the maturities of lease liabilities are as follows: 

	Operating Leases		Finance Leases
Fiscal	(In millions)
2023 (remaining 3 months)	$	21	$	—
2024	94		106
2025	77		—
2026	43		—
2027	33		—
Thereafter	105		—
Total lease payments	$	373	$	106
Less imputed interest	(34)		(5)
Total	$	339	$	101