Balance Sheet Detail

12 Months Ended

Oct. 29, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Detail

Balance Sheet Detail

 

	October 29, 2023		October 30, 2022
	(In millions)
Inventories
Customer service spares	$	1,589	$	1,409
Raw materials	1,653		1,807
Work-in-process	997		1,029
Finished goods
Deferred cost of sales	413		704
Evaluation inventory	423		422
Manufactured on-hand inventory	650		561
Total finished goods	1,486		1,687
Total inventories	$	5,725	$	5,932

	October 29, 2023		October 30, 2022
	(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable	$	412	$	461
Prepaid expenses and other	976		883
	$	1,388	$	1,344

	Useful Life	October 29, 2023		October 30, 2022
	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	393	$	387
Buildings and improvements	3-30	2,194		2,027
Demonstration and manufacturing equipment	3-5	2,353		2,083
Furniture, fixtures and other equipment	3-5	762		743
Construction in progress		672		389
Gross property, plant and equipment		6,374		5,629
Accumulated depreciation		(3,651)		(3,322)
		$	2,723	$	2,307

Depreciation expense was $471 million, $404 million and $345 million for fiscal 2023, 2022 and 2021, respectively.

	October 29, 2023		October 30, 2022
	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,729	$	1,395
Operating lease right-of-use assets	370		389
Finance lease right-of-use assets	108		—
Income tax receivables and other assets	345		691
	$	2,552	$	2,475

	October 29, 2023		October 30, 2022
	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,478	$	1,755
Compensation and employee benefits	1,024		905
Warranty	332		286
Dividends payable	267		220
Income taxes payable	282		319
Other accrued taxes	65		30
Interest payable	38		39
Operating lease liabilities, current	84		85
Finance lease liabilities, current	102		—
Other	625		598
	$	4,297	$	4,237

	October 29, 2023		October 30, 2022
	(In millions)
Other Liabilities
Defined and postretirement benefit plans	$	126	$	107
Operating lease liabilities, non-current	252		287
Other	336		338
	$	714	$	732