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Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)
 12 Months Ended
Oct. 27, 2024
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (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, NetUnrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow HedgesDefined and Postretirement Benefit PlansCumulative Translation AdjustmentsTotal
(In millions)
Balance at October 31, 2021
$(1)$(103)$(169)$13 (260)
Other comprehensive income (loss) before reclassifications(60)100 71 — 111 
Amounts reclassified out of AOCI(14)(49)10 — (53)
Other comprehensive income (loss), net of tax(74)51 81 — 58 
Balance at October 30, 2022
$(75)$(52)$(88)$13 $(202)
Other comprehensive income (loss) before reclassifications16 (44)17 — (11)
Amounts reclassified out of AOCI9 (22)9 — (4)
Other comprehensive income, net of tax25 (66)26 — (15)
Balance at October 29, 2023
$(50)$(118)$(62)$13 $(217)
Other comprehensive income (loss) before reclassifications34 28 — — 62 
Amounts reclassified out of AOCI9 3 (25)— (13)
Other comprehensive income (loss), net of tax43 31 (25)— 49 
Balance at October 27, 2024
$(7)$(87)$(87)$13 $(168)
Schedule of Stock Repurchases
The following table summarizes our stock repurchases, including excise tax, for each fiscal year:
202420232022
 (In millions, except per share amounts)
Shares of common stock repurchased20 18 54 
Cost of stock repurchased (including excise tax)*$3,851 $2,202 $6,103 
Average price paid per share (including excise tax)*$190.27 $123.63 $113.84 
Cost of stock repurchased (excluding excise tax)$3,823 $2,189 $6,103 
Average price paid per share (excluding excise tax)$188.87 $122.89 $113.84 
(*) Effective January 1, 2023, 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 and the related tax benefits for each fiscal year were as follows:
 
202420232022
 (In millions)
Cost of products sold$134 $180 $147 
Research, development, and engineering219 179 151 
Marketing and selling72 55 49 
General and administrative152 76 66 
Total share-based compensation$577 $490 $413 
Income tax benefits recognized$73 $63 $51 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The following tables summarize the assumptions used for the valuation of share-based awards for the periods presented:
202420232022
Service-Based Awards and the portion of Performance-Based Awards subject to performance goals:
Grant date market value
$148.39 - $241.26
$104.22 - $143.97
$74.62 - $157.29
Risk-free interest rate
3.48% - 5.37%
3.64% - 5.48%
0.16% - 4.48%
Dividend yield
0.72% - 2.62%
0.70% - 3.59%
0.47% - 3.83%
Fair value
$144.79 - $237.94
 $102.09 - $141.33
 $72.24 - $154.88
202420232022
Portion of Performance-Based Awards subject to market goals:
Grant date market value
$148.39 - $173.89
$109.37
$146.49
Risk-free interest rate
4.24% - 4.30%
4.10%
0.87%
Dividend yield
0.74% - 0.86%
0.95%
0.66%
Expected volatility
40.99% - 43.35%
52.38%
47.35%
Fair value
$195.32 - $249.37
$162.72
$210.69
Schedule of Changes in Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
A summary of the changes in restricted stock units, restricted stock, performance share units and performance units outstanding under our equity compensation plans during fiscal 2024 is presented below:
SharesWeighted
Average
Grant Date
Fair Value		Weighted
Average
Remaining
Contractual Term		Aggregate Intrinsic Value
 (In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 29, 2023
12 $106.24 
Granted4 $149.20 
Vested(5)$97.50 
Canceled(1)$120.91 
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 27, 2024
10 $129.31 2.3 years$1,931 
Non-vested restricted stock units, restricted stock, performance share units and performance units expected to vest10 $130.71 2.2 years$1,903 
A summary of the weighted-average grant date fair value per share of the granted restricted stock units, restricted stock, performance share units and performance units and total fair value vested awards for indicated periods is presented below:
202420232022
(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted$149.20 $104.00 $132.44 
Total fair value of vested awards$527 $367 $285 
Schedule of Employee Stock Purchase Plan Underlying assumptions used in the model are outlined in the following table:
 
202420232022
ESPP:
Dividend yield0.82 %0.98 %0.97 %
Expected volatility40.1 %39.4 %46.8 %
Risk-free interest rate5.03 %5.29 %2.24 %
Expected life (in years)0.50.50.5
Weighted average estimated fair value$52.31$35.31$30.23