Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Oct. 29, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments for the indicated periods were as follows:

	Derivatives in Cash Flow Hedging Relationships
	2023		2022		2021
	(In millions)
Foreign exchange contracts	$	(56)	$	128	$	36
Total	$	(56)	$	128	$	36

Effect of Derivative Instruments on the Consolidated Statement of Operations

The effects of derivative instruments and hedging activities on the Consolidated Statements of Operations were as follows:

			Derivatives in Cash Flow Hedging Relationships
	Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded		Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations		Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations
2023	(In millions)
Foreign Exchange Contracts:
Net sales	$	26,517	$	63	$	—
Cost of products sold	$	14,133	—		—
Research, development and engineering	$	3,102	(14)		—
Marketing and selling	$	776	(2)		—
General and administrative	$	852	(4)		—
Interest Rate Contracts:
Interest expense	$	238	(13)		—
			$	30	$	—
2022
Foreign Exchange Contracts:
Net sales	$	25,785	$	100	$	—
Cost of products sold	$	13,792	(12)		—
Research, development and engineering	$	2,771	(7)		(1)
Marketing and selling	$	703	(3)		—
General and administrative	$	735	(3)		—
Interest Rate Contracts:
Interest expense	$	228	(13)		—
			$	62	$	(1)
2021
Foreign Exchange Contracts:
Net sales	$	23,063	$	4	$	—
Cost of products sold	$	12,149	2		(2)
Research, development and engineering	$	2,485	3		—
General and administrative	$	620	1		—
Interest Rate Contracts:
Interest expense	$	236	(13)		—
			$	(3)	$	(2)

Derivatives Not Designated as Hedging Instruments in Statement of Operations

		Amount of Gain or (Loss)  Recognized in Consolidated Statement of Operations
	Location of Gain or (Loss) Recognized in Consolidated Statement of Operations	2023		2022		2021
		(In millions)
Derivatives Not Designated as Hedging Instruments
Foreign exchange contracts	Interest and other income (expense), net	$	(4)	$	67	$	29
Total return swaps - deferred compensation	Cost of products sold	1		(3)		3
Total return swaps - deferred compensation	Operating expenses	9		(29)		29
Total return swaps - deferred compensation	Interest and other income (expense), net	(11)		(2)		(1)
Total		$	(5)	$	33	$	60