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

3 Months Ended

Jan. 25, 2026

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, 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 26, 2025	$	11	$	(34)	$	(100)	$	13	$	(110)
Other comprehensive income (loss) before reclassifications	(4)		11		—		—		7
Amounts reclassified out of AOCI	(1)		(6)		—		—		(7)
Other comprehensive income (loss), net of tax	(5)		5		—		—		—
Balance as of January 25, 2026	$	6	$	(29)	$	(100)	$	13	$	(110)

	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 27, 2024	$	(7)	$	(87)	$	(87)	$	13	$	(168)
Other comprehensive income (loss) before reclassifications	(2)		21		—		—		19
Amounts reclassified out of AOCI	(1)		7		—		—		6
Other comprehensive income (loss), net of tax	(3)		28		—		—		25
Balance as of January 26, 2025	$	(10)	$	(59)	$	(87)	$	13	$	(143)

Schedule of Stock Repurchases

The following table summarizes our stock repurchases, including and excluding excise tax, for the three months ended January 25, 2026 and January 26, 2025:

	Three Months Ended
	January 25, 2026		January 26, 2025
	(in millions, except per share amount)
Shares of common stock repurchased	1		8
Cost of stock repurchased (including excise tax)*	$	337	$	1,314
Average price paid per share (including excise tax)*	$	259.17	$	176.32
Cost of stock repurchased (excluding excise tax)	$	337	$	1,305
Average price paid per share (excluding excise tax)	$	259.17	$	174.99

(*) 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 25, 2026		January 26, 2025
	(In millions)
Cost of products sold	$	43	$	38
Research, development and engineering	73		67
Marketing and selling	21		20
General and administrative	70		70
Total share-based compensation	$	207	$	195

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 the three months ended January 25, 2026 is presented below:

	Shares	Weighted Average Grant Date Fair Value
	(In millions, except per share amounts)
Outstanding as of October 26, 2025	9	$	148.43
Granted	3	$	265.44
Vested	(2)	$	147.19
Canceled	(1)	$	147.11
Outstanding as of January 25, 2026	9	$	184.80

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:

	Three Months Ended
	January 25, 2026		January 26, 2025
	(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted	$	147.19	$	167.08
Total fair value of vested awards	$	346	$	366