Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)

3 Months Ended

Jan. 28, 2024

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Loss, After-Tax Basis

Changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:

 

	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total
	(in millions)
Balance as of October 29, 2023	$	(50)	$	(118)	$	(62)	$	13	$	(217)
Other comprehensive income (loss) before reclassifications	20		31				—		51
Amounts reclassified out of AOCI	7		2		(9)		—		—
Other comprehensive income (loss), net of tax	27		33		(9)		—		51
Balance as of January 28, 2024	$	(23)	$	(85)	$	(71)	$	13	$	(166)

	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total
	(in millions)
Balance as of October 30, 2022	$	(75)	$	(52)	$	(88)	$	13	$	(202)
Other comprehensive income (loss) before reclassifications	17		(38)		—		—		(21)
Amounts reclassified out of AOCI	6		(18)		—		—		(12)
Other comprehensive income (loss), net of tax	23		(56)		—		—		(33)
Balance as of January 29, 2023	$	(52)	$	(108)	$	(88)	$	13	$	(235)

Schedule of Stock Repurchases

The following table summarizes our stock repurchases, including and excluding excise tax, for the three months ended January 28, 2024 and January 29, 2023:

	Three Months Ended
	January 28, 2024		January 29, 2023
	(in millions, except per share amount)
Shares of common stock repurchased	5		2
Cost of stock repurchased (including excise tax)*	$	703	$	250
Average price paid per share (including excise tax)*	$	153.20	$	103.37
Cost of stock repurchased (excluding excise tax)	$	700	$	250
Average price paid per share (excluding excise tax)	$	152.60	$	103.37

(*) Stock repurchase amounts include the 1% surcharge on stock repurchases under the Inflation Reduction Act’s excise tax. This excise tax is recorded in equity and reduces the amount available under the repurchase program, as applicable.

Schedule of Effect of Share-Based Compensation on The Results of Operations

The effect of share-based compensation on the results of operations was as follows: 

	Three Months Ended
	January 28, 2024		January 29, 2023
	(In millions)
Cost of products sold	$	32	$	54
Research, development and engineering	56		54
Marketing and selling	18		17
General and administrative	64		23
Total share-based compensation	$	170	$	148

Schedule of Restricted Stock Units And Restricted Stock Activity

A summary of the changes in restricted stock units, restricted stock, performance share units and performance units outstanding under our equity compensation plans during the three months ended January 28, 2024 is presented below:

	Shares	Weighted Average Grant Date Fair Value
	(In millions, except per share amounts)
Outstanding as of October 29, 2023	12	$	106.24
Granted	4	$	145.08
Vested	(4)	$	96.16
Canceled	—	$	113.36
Outstanding as of January 28, 2024	12	$	123.53