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Condensed Consolidating Financial Information | 12 Months Ended
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Nov. 04, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Financial Information | Condensed Consolidating Financial Information The 2017 Senior Notes, which are discussed in further detail in Note 8. “Borrowings”, are fully and unconditionally guaranteed, jointly and severally, on an unsecured, unsubordinated basis by the Guarantors, subject to certain release conditions described in the respective Indentures and below. The guarantee by Broadcom will be automatically and unconditionally released (solely in the case of clauses (1) or (2) below) in the events of (1) sale, exchange, disposition or other transfer of all or substantially all of Guarantors’ assets, (2) the Issuers’ exercise of their legal defeasance option or covenant defeasance options or if the Issuers’ obligations under the indenture are satisfied and discharged or (3) release of obligations under the 2017 Senior Notes. The Parent Guarantor’s guarantee may also be released under other circumstances described in the Indentures. The following information sets forth the condensed consolidating financial information as of November 4, 2018 and October 29, 2017 and for the fiscal years ended November 4, 2018, October 29, 2017 and October 30, 2016 for the Parent Guarantor, Subsidiary Guarantor, Subsidiary Issuers, and non-guarantor subsidiaries. Investments in subsidiaries are accounted for under the equity method; accordingly, entries necessary to consolidate the Parent Guarantor and all of our guarantor and non-guarantor subsidiaries are reflected in the eliminations column. In the opinion of management, separate complete financial statements of the Subsidiary Issuers would not provide additional material information that would be useful in assessing their financial composition.
|  | Condensed Consolidating Balance Sheet
|  | November 4, 2018
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
ASSETS |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 6 |  |  | $ | 2,461 |  |  | $ | 1,825 |  |  | $ | — |  |  | $ | 4,292 |
Trade accounts receivable, net |  | — |  |  | — |  |  | — |  |  | 3,325 |  |  | — |  |  | 3,325 |
Inventory |  | — |  |  | — |  |  | — |  |  | 1,124 |  |  | — |  |  | 1,124 |
Intercompany receivable |  | 56 |  |  | 40 |  |  | 182 |  |  | 103 |  |  | (381 | ) |  | — |
Intercompany loan receivable |  | — |  |  | 46 |  |  | 9,780 |  |  | 4,667 |  |  | (14,493 | ) |  | — |
Other current assets |  | 52 |  |  | — |  |  | 37 |  |  | 277 |  |  | — |  |  | 366 |
Total current assets |  | 108 |  |  | 92 |  |  | 12,460 |  |  | 11,321 |  |  | (14,874 | ) |  | 9,107 |
Long-term assets: |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | — |  |  | — |  |  | 772 |  |  | 1,863 |  |  | — |  |  | 2,635 |
Goodwill |  | — |  |  | — |  |  | 1,360 |  |  | 25,553 |  |  | — |  |  | 26,913 |
Intangible assets, net |  | — |  |  | — |  |  | 84 |  |  | 10,678 |  |  | — |  |  | 10,762 |
Investment in subsidiaries |  | 35,268 |  |  | 35,271 |  |  | 46,745 |  |  | 35,268 |  |  | (152,552 | ) |  | — |
Intercompany loan receivable, long-term |  | — |  |  | — |  |  | — |  |  | 991 |  |  | (991 | ) |  | — |
Other long-term assets |  | — |  |  | — |  |  | 250 |  |  | 457 |  |  | — |  |  | 707 |
Total assets |  | $ | 35,376 |  |  | $ | 35,363 |  |  | $ | 61,671 |  |  | $ | 86,131 |  |  | $ | (168,417 | ) |  | $ | 50,124 |
LIABILITIES AND EQUITY |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 19 |  |  | $ | — |  |  | $ | 44 |  |  | $ | 748 |  |  | $ | — |  |  | $ | 811 |
Employee compensation and benefits |  | — |  |  | — |  |  | 272 |  |  | 443 |  |  | — |  |  | 715 |
Intercompany payable |  | 9 |  |  | 93 |  |  | 58 |  |  | 221 |  |  | (381 | ) |  | — |
Intercompany loan payable |  | 8,691 |  |  | — |  |  | 4,713 |  |  | 1,089 |  |  | (14,493 | ) |  | — |
Other current liabilities |  | — |  |  | 2 |  |  | 219 |  |  | 591 |  |  | — |  |  | 812 |
Total current liabilities |  | 8,719 |  |  | 95 |  |  | 5,306 |  |  | 3,092 |  |  | (14,874 | ) |  | 2,338 |
Long-term liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | — |  |  | 17,456 |  |  | 37 |  |  | — |  |  | 17,493 |
Deferred tax liabilities |  | — |  |  | — |  |  | (47 | ) |  | 216 |  |  | — |  |  | 169 |
Intercompany loan payable, long-term |  | — |  |  | — |  |  | 991 |  |  | — |  |  | (991 | ) |  | — |
Unrecognized tax benefits |  | — |  |  | — |  |  | 2,563 |  |  | 525 |  |  | — |  |  | 3,088 |
Other long-term liabilities |  | — |  |  | — |  |  | 131 |  |  | 248 |  |  | — |  |  | 379 |
Total liabilities |  | 8,719 |  |  | 95 |  |  | 26,400 |  |  | 4,118 |  |  | (15,865 | ) |  | 23,467 |
Total Broadcom Inc. stockholders’ equity |  | 26,657 |  |  | 35,268 |  |  | 35,271 |  |  | 82,013 |  |  | (152,552 | ) |  | 26,657 |
Total liabilities and equity |  | $ | 35,376 |  |  | $ | 35,363 |  |  | $ | 61,671 |  |  | $ | 86,131 |  |  | $ | (168,417 | ) |  | $ | 50,124 |
|  | Condensed Consolidating Balance Sheet
|  | October 29, 2017
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
ASSETS |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 194 |  |  | $ | 7,555 |  |  | $ | 3,455 |  |  | $ | — |  |  | $ | 11,204 |
Trade accounts receivable, net |  | — |  |  | — |  |  | — |  |  | 2,448 |  |  | — |  |  | 2,448 |
Inventory |  | — |  |  | — |  |  | — |  |  | 1,447 |  |  | — |  |  | 1,447 |
Intercompany receivable |  | — |  |  | 32 |  |  | 279 |  |  | 309 |  |  | (620 | ) |  | — |
Intercompany loan receivable |  | — |  |  | 28 |  |  | 1,891 |  |  | 8,849 |  |  | (10,768 | ) |  | — |
Other current assets |  | — |  |  | — |  |  | 350 |  |  | 374 |  |  | — |  |  | 724 |
Total current assets |  | — |  |  | 254 |  |  | 10,075 |  |  | 16,882 |  |  | (11,388 | ) |  | 15,823 |
Long-term assets: |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | — |  |  | — |  |  | 207 |  |  | 2,392 |  |  | — |  |  | 2,599 |
Goodwill |  | — |  |  | — |  |  | 1,360 |  |  | 23,346 |  |  | — |  |  | 24,706 |
Intangible assets, net |  | — |  |  | — |  |  | — |  |  | 10,832 |  |  | — |  |  | 10,832 |
Investment in subsidiaries |  | 20,285 |  |  | 23,112 |  |  | 7,709 |  |  | 22,776 |  |  | (73,882 | ) |  | — |
Intercompany loan receivable, long-term |  | — |  |  | — |  |  | 41,547 |  |  | — |  |  | (41,547 | ) |  | — |
Other long-term assets |  | — |  |  | — |  |  | 213 |  |  | 245 |  |  | — |  |  | 458 |
Total assets |  | $ | 20,285 |  |  | $ | 23,366 |  |  | $ | 61,111 |  |  | $ | 76,473 |  |  | $ | (126,817 | ) |  | $ | 54,418 |
LIABILITIES AND EQUITY |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 7 |  |  | $ | 72 |  |  | $ | 1,026 |  |  | $ | — |  |  | $ | 1,105 |
Employee compensation and benefits |  | — |  |  | — |  |  | 274 |  |  | 352 |  |  | — |  |  | 626 |
Current portion of long-term debt |  | — |  |  | — |  |  | 117 |  |  | — |  |  | — |  |  | 117 |
Intercompany payable |  | — |  |  | 123 |  |  | 186 |  |  | 311 |  |  | (620 | ) |  | — |
Intercompany loan payable |  | — |  |  | 50 |  |  | 8,799 |  |  | 1,919 |  |  | (10,768 | ) |  | — |
Other current liabilities |  | — |  |  | — |  |  | 254 |  |  | 427 |  |  | — |  |  | 681 |
Total current liabilities |  | — |  |  | 180 |  |  | 9,702 |  |  | 4,035 |  |  | (11,388 | ) |  | 2,529 |
Long-term liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | — |  |  | 17,431 |  |  | — |  |  | — |  |  | 17,431 |
Deferred tax liabilities |  | — |  |  | — |  |  | 10,293 |  |  | (274 | ) |  | — |  |  | 10,019 |
Intercompany loan payable, long-term |  | — |  |  | — |  |  | — |  |  | 41,547 |  |  | (41,547 | ) |  | — |
Unrecognized tax benefits |  | — |  |  | — |  |  | 497 |  |  | 514 |  |  | — |  |  | 1,011 |
Other long-term liabilities |  | — |  |  | — |  |  | 76 |  |  | 166 |  |  | — |  |  | 242 |
Total liabilities |  | — |  |  | 180 |  |  | 37,999 |  |  | 45,988 |  |  | (52,935 | ) |  | 31,232 |
Total Broadcom Inc. stockholders’ equity |  | 20,285 |  |  | 20,285 |  |  | 23,112 |  |  | 30,485 |  |  | (73,882 | ) |  | 20,285 |
Noncontrolling interest |  | — |  |  | 2,901 |  |  | — |  |  | — |  |  | — |  |  | 2,901 |
Total liabilities and equity |  | $ | 20,285 |  |  | $ | 23,366 |  |  | $ | 61,111 |  |  | $ | 76,473 |  |  | $ | (126,817 | ) |  | $ | 54,418 |
|  | Condensed Consolidating Statements of Operations and Comprehensive Income
|  | Fiscal Year Ended
|  | November 4, 2018
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
Net revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20,848 |  |  | $ | — |  |  | $ | 20,848 |
Intercompany revenue |  | — |  |  | — |  |  | 1,924 |  |  | — |  |  | (1,924 | ) |  | — |
Total revenue |  | — |  |  | — |  |  | 1,924 |  |  | 20,848 |  |  | (1,924 | ) |  | 20,848 |
Cost of products sold: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  | — |  |  | — |  |  | 132 |  |  | 6,889 |  |  | — |  |  | 7,021 |
Intercompany cost of products sold |  | — |  |  | — |  |  | — |  |  | 126 |  |  | (126 | ) |  | — |
Purchase accounting effect on inventory |  | — |  |  | — |  |  | — |  |  | 70 |  |  | — |  |  | 70 |
Amortization of acquisition-related intangible assets |  | — |  |  | — |  |  | — |  |  | 3,004 |  |  | — |  |  | 3,004 |
Restructuring charges |  | — |  |  | — |  |  | 1 |  |  | 19 |  |  | — |  |  | 20 |
Total cost of products sold |  | — |  |  | — |  |  | 133 |  |  | 10,108 |  |  | (126 | ) |  | 10,115 |
Gross margin |  | — |  |  | — |  |  | 1,791 |  |  | 10,740 |  |  | (1,798 | ) |  | 10,733 |
Research and development |  | — |  |  | — |  |  | 1,651 |  |  | 2,117 |  |  | — |  |  | 3,768 |
Intercompany operating expense |  | — |  |  | — |  |  | — |  |  | 1,798 |  |  | (1,798 | ) |  | — |
Selling, general and administrative |  | 31 |  |  | 80 |  |  | 297 |  |  | 648 |  |  | — |  |  | 1,056 |
Amortization of acquisition-related intangible assets |  | — |  |  | — |  |  | — |  |  | 541 |  |  | — |  |  | 541 |
Restructuring, impairment and disposal charges |  | — |  |  | — |  |  | 53 |  |  | 166 |  |  | — |  |  | 219 |
Litigation settlements |  | — |  |  | — |  |  | 14 |  |  | — |  |  | — |  |  | 14 |
Total operating expenses |  | 31 |  |  | 80 |  |  | 2,015 |  |  | 5,270 |  |  | (1,798 | ) |  | 5,598 |
Operating income (loss) |  | (31 | ) |  | (80 | ) |  | (224 | ) |  | 5,470 |  |  | — |  |  | 5,135 |
Interest expense |  | — |  |  | — |  |  | (626 | ) |  | (2 | ) |  | — |  |  | (628 | )
Intercompany interest expense |  | (67 | ) |  | — |  |  | (199 | ) |  | (1,449 | ) |  | 1,715 |  |  | — |
Impairment on investment |  | — |  |  | — |  |  | — |  |  | (106 | ) |  | — |  |  | (106 | )
Other income, net |  | — |  |  | 4 |  |  | 88 |  |  | 52 |  |  | — |  |  | 144 |
Intercompany interest income |  | — |  |  | 1 |  |  | 1,516 |  |  | 198 |  |  | (1,715 | ) |  | — |
Intercompany other income (expense), net |  | 111 |  |  | 230 |  |  | (56 | ) |  | (285 | ) |  | — |  |  | — |
Income from continuing operations before income taxes and earnings in subsidiaries |  | 13 |  |  | 155 |  |  | 499 |  |  | 3,878 |  |  | — |  |  | 4,545 |
Provision for (benefit from) income taxes |  | 44 |  |  | 2 |  |  | (8,043 | ) |  | (87 | ) |  | — |  |  | (8,084 | )
Income (loss) from continuing operations before earnings in subsidiaries |  | (31 | ) |  | 153 |  |  | 8,542 |  |  | 3,965 |  |  | — |  |  | 12,629 |
Earnings in subsidiaries |  | 12,290 |  |  | 12,654 |  |  | 4,114 |  |  | 14,809 |  |  | (43,867 | ) |  | — |
Income from continuing operations and earnings in subsidiaries |  | 12,259 |  |  | 12,807 |  |  | 12,656 |  |  | 18,774 |  |  | (43,867 | ) |  | 12,629 |
Loss from discontinued operations, net of income taxes |  | — |  |  | — |  |  | (2 | ) |  | (17 | ) |  | — |  |  | (19 | )
Net income |  | 12,259 |  |  | 12,807 |  |  | 12,654 |  |  | 18,757 |  |  | (43,867 | ) |  | 12,610 |
Net income attributable to noncontrolling interest |  | — |  |  | 351 |  |  | — |  |  | — |  |  | — |  |  | 351 |
Net income attributable to common stock |  | $ | 12,259 |  |  | $ | 12,456 |  |  | $ | 12,654 |  |  | $ | 18,757 |  |  | $ | (43,867 | ) |  | $ | 12,259 |
Net income |  | $ | 12,259 |  |  | $ | 12,807 |  |  | $ | 12,654 |  |  | $ | 18,757 |  |  | $ | (43,867 | ) |  | $ | 12,610 |
Other comprehensive loss, net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans |  | — |  |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Other comprehensive loss |  | — |  |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Comprehensive income |  | 12,259 |  |  | 12,807 |  |  | 12,654 |  |  | 18,749 |  |  | (43,867 | ) |  | 12,602 |
Comprehensive income attributable to noncontrolling interest |  | — |  |  | 351 |  |  | — |  |  | — |  |  | — |  |  | 351 |
Comprehensive income attributable to common stock |  | $ | 12,259 |  |  | $ | 12,456 |  |  | $ | 12,654 |  |  | $ | 18,749 |  |  | $ | (43,867 | ) |  | $ | 12,251 |
|  | Condensed Consolidating Statements of Operations and Comprehensive Loss
|  | Fiscal Year Ended
|  | October 29, 2017
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
Net revenue |  | $ | — |  |  | $ | — |  |  | $ | 73 |  |  | $ | 17,563 |  |  | $ | — |  |  | $ | 17,636 |
Intercompany revenue |  | — |  |  | — |  |  | 2,046 |  |  | 8 |  |  | (2,054 | ) |  | — |
Total revenue |  | — |  |  | — |  |  | 2,119 |  |  | 17,571 |  |  | (2,054 | ) |  | 17,636 |
Cost of products sold: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  | — |  |  | — |  |  | 154 |  |  | 6,439 |  |  | — |  |  | 6,593 |
Intercompany cost of products sold |  | — |  |  | — |  |  | (12 | ) |  | 174 |  |  | (162 | ) |  | — |
Purchase accounting effect on inventory |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Amortization of acquisition-related intangible assets |  | — |  |  | — |  |  | 7 |  |  | 2,504 |  |  | — |  |  | 2,511 |
Restructuring charges |  | — |  |  | — |  |  | 5 |  |  | 14 |  |  | — |  |  | 19 |
Total cost of products sold |  | — |  |  | — |  |  | 154 |  |  | 9,135 |  |  | (162 | ) |  | 9,127 |
Gross margin |  | — |  |  | — |  |  | 1,965 |  |  | 8,436 |  |  | (1,892 | ) |  | 8,509 |
Research and development |  | — |  |  | — |  |  | 1,490 |  |  | 1,802 |  |  | — |  |  | 3,292 |
Intercompany operating expense |  | — |  |  | — |  |  | (66 | ) |  | 1,958 |  |  | (1,892 | ) |  | — |
Selling, general and administrative |  | — |  |  | 23 |  |  | 339 |  |  | 425 |  |  | — |  |  | 787 |
Amortization of acquisition-related intangible assets |  | — |  |  | — |  |  | 7 |  |  | 1,757 |  |  | — |  |  | 1,764 |
Restructuring, impairment and disposal charges |  | — |  |  | — |  |  | 54 |  |  | 107 |  |  | — |  |  | 161 |
Litigation settlements |  | — |  |  | — |  |  | — |  |  | 122 |  |  | — |  |  | 122 |
Total operating expenses |  | — |  |  | 23 |  |  | 1,824 |  |  | 6,171 |  |  | (1,892 | ) |  | 6,126 |
Operating income (loss) |  | — |  |  | (23 | ) |  | 141 |  |  | 2,265 |  |  | — |  |  | 2,383 |
Interest expense |  | — |  |  | — |  |  | (411 | ) |  | (43 | ) |  | — |  |  | (454 | )
Intercompany interest expense |  | — |  |  | (12 | ) |  | (274 | ) |  | (1,420 | ) |  | 1,706 |  |  | — |
Loss on extinguishment of debt |  | — |  |  | — |  |  | (59 | ) |  | (107 | ) |  | — |  |  | (166 | )
Other income, net |  | — |  |  | 2 |  |  | 30 |  |  | 30 |  |  | — |  |  | 62 |
Intercompany interest income |  | — |  |  | 1 |  |  | 1,425 |  |  | 280 |  |  | (1,706 | ) |  | — |
Intercompany other income (expense), net |  | — |  |  | 1,390 |  |  | (589 | ) |  | (801 | ) |  | — |  |  | — |
Income from continuing operations before income taxes and earnings in subsidiaries |  | — |  |  | 1,358 |  |  | 263 |  |  | 204 |  |  | — |  |  | 1,825 |
Provision for (benefit from) income taxes |  | — |  |  | — |  |  | 67 |  |  | (32 | ) |  | — |  |  | 35 |
Income from continuing operations before earnings in subsidiaries |  | — |  |  | 1,358 |  |  | 196 |  |  | 236 |  |  | — |  |  | 1,790 |
Earnings in subsidiaries |  | 1,692 |  |  | 426 |  |  | 243 |  |  | 4,453 |  |  | (6,814 | ) |  | — |
Income from continuing operations and earnings in subsidiaries |  | 1,692 |  |  | 1,784 |  |  | 439 |  |  | 4,689 |  |  | (6,814 | ) |  | 1,790 |
Income (loss) from discontinued operations, net of income taxes |  | — |  |  | — |  |  | (13 | ) |  | 7 |  |  | — |  |  | (6 | )
Net income |  | $ | 1,692 |  |  | $ | 1,784 |  |  | $ | 426 |  |  | $ | 4,696 |  |  | $ | (6,814 | ) |  | $ | 1,784 |
Net income attributable to noncontrolling interest |  | — |  |  | 92 |  |  | — |  |  | — |  |  | — |  |  | 92 |
Net income attributable to common stock |  | $ | 1,692 |  |  | $ | 1,692 |  |  | $ | 426 |  |  | $ | 4,696 |  |  | $ | (6,814 | ) |  | $ | 1,692 |
Net income |  | $ | 1,692 |  |  | $ | 1,784 |  |  | $ | 426 |  |  | $ | 4,696 |  |  | $ | (6,814 | ) |  | $ | 1,784 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Change in actuarial gain and prior service costs associated with defined benefit pension plans and post-retirement benefit plans |  | — |  |  | — |  |  | — |  |  | 43 |  |  | — |  |  | 43 |
Other comprehensive income |  | — |  |  | — |  |  | — |  |  | 43 |  |  | — |  |  | 43 |
Comprehensive income |  | 1,692 |  |  | 1,784 |  |  | 426 |  |  | 4,739 |  |  | (6,814 | ) |  | 1,827 |
Comprehensive income attributable to noncontrolling interest |  | — |  |  | 92 |  |  | — |  |  | — |  |  | — |  |  | 92 |
Comprehensive income attributable to common stock |  | $ | 1,692 |  |  | $ | 1,692 |  |  | $ | 426 |  |  | $ | 4,739 |  |  | $ | (6,814 | ) |  | $ | 1,735 |
|  | Condensed Consolidating Statements of Operations and Comprehensive Income
|  | Fiscal Year Ended
|  | October 30, 2016
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
Net revenue |  | $ | — |  |  | $ | — |  |  | $ | 402 |  |  | $ | 12,838 |  |  | $ | — |  |  | $ | 13,240 |
Intercompany revenue |  | — |  |  | — |  |  | 353 |  |  | 55 |  |  | (408 | ) |  | — |
Total revenue |  | — |  |  | — |  |  | 755 |  |  | 12,893 |  |  | (408 | ) |  | 13,240 |
Cost of products sold: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  | — |  |  | — |  |  | 237 |  |  | 5,058 |  |  | — |  |  | 5,295 |
Intercompany cost of products sold |  | — |  |  | — |  |  | (149 | ) |  | 557 |  |  | (408 | ) |  | — |
Purchase accounting effect on inventory |  | — |  |  | — |  |  | 15 |  |  | 1,170 |  |  | — |  |  | 1,185 |
Amortization of acquisition-related intangible assets |  | — |  |  | — |  |  | 14 |  |  | 749 |  |  | — |  |  | 763 |
Restructuring charges |  | — |  |  | — |  |  | 36 |  |  | 21 |  |  | — |  |  | 57 |
Total cost of products sold |  | — |  |  | — |  |  | 153 |  |  | 7,555 |  |  | (408 | ) |  | 7,300 |
Gross margin |  | — |  |  | — |  |  | 602 |  |  | 5,338 |  |  | — |  |  | 5,940 |
Research and development |  | — |  |  | — |  |  | 1,237 |  |  | 1,437 |  |  | — |  |  | 2,674 |
Intercompany operating expense |  | — |  |  | — |  |  | (1,337 | ) |  | 1,337 |  |  | — |  |  | — |
Selling, general and administrative |  | — |  |  | 41 |  |  | 254 |  |  | 511 |  |  | — |  |  | 806 |
Amortization of acquisition-related intangible assets |  | — |  |  | — |  |  | 82 |  |  | 1,791 |  |  | — |  |  | 1,873 |
Restructuring, impairment and disposal charges |  | — |  |  | — |  |  | 309 |  |  | 687 |  |  | — |  |  | 996 |
Total operating expenses |  | — |  |  | 41 |  |  | 545 |  |  | 5,763 |  |  | — |  |  | 6,349 |
Operating income (loss) |  | — |  |  | (41 | ) |  | 57 |  |  | (425 | ) |  | — |  |  | (409 | )
Interest expense |  | — |  |  | — |  |  | (312 | ) |  | (273 | ) |  | — |  |  | (585 | )
Intercompany interest expense |  | — |  |  | (3 | ) |  | (262 | ) |  | (3 | ) |  | 268 |  |  | — |
Loss on extinguishment of debt |  | — |  |  | — |  |  | (113 | ) |  | (10 | ) |  | — |  |  | (123 | )
Other income (expense), net |  | — |  |  | — |  |  | (27 | ) |  | 37 |  |  | — |  |  | 10 |
Intercompany interest income |  | — |  |  | 1 |  |  | 2 |  |  | 265 |  |  | (268 | ) |  | — |
Intercompany other income (expense), net |  | — |  |  | 753 |  |  | (277 | ) |  | (476 | ) |  | — |  |  | — |
Income (loss) from continuing operations before income taxes and earnings in subsidiaries |  | — |  |  | 710 |  |  | (932 | ) |  | (885 | ) |  | — |  |  | (1,107 | )
Provision for income taxes |  | — |  |  | — |  |  | 447 |  |  | 195 |  |  | — |  |  | 642 |
Income (loss) from continuing operations before loss from subsidiaries |  | — |  |  | 710 |  |  | (1,379 | ) |  | (1,080 | ) |  | — |  |  | (1,749 | )
Loss from subsidiaries |  | (1,739 | ) |  | (2,571 | ) |  | (1,034 | ) |  | (2,221 | ) |  | 7,565 |  |  | — |
Loss from continuing operations and loss in subsidiaries |  | (1,739 | ) |  | (1,861 | ) |  | (2,413 | ) |  | (3,301 | ) |  | 7,565 |  |  | (1,749 | )
Income (loss) from discontinued operations, net of income taxes |  | — |  |  | — |  |  | (158 | ) |  | 46 |  |  | — |  |  | (112 | )
Net loss |  | (1,739 | ) |  | (1,861 | ) |  | (2,571 | ) |  | (3,255 | ) |  | 7,565 |  |  | (1,861 | )
Net loss attributable to noncontrolling interest |  | — |  |  | (122 | ) |  | — |  |  | — |  |  | — |  |  | (122 | )
Net loss attributable to common stock |  | $ | (1,739 | ) |  | $ | (1,739 | ) |  | $ | (2,571 | ) |  | $ | (3,255 | ) |  | $ | 7,565 |  |  | $ | (1,739 | )
Net loss |  | $ | (1,739 | ) |  | $ | (1,861 | ) |  | $ | (2,571 | ) |  | $ | (3,255 | ) |  | $ | 7,565 |  |  | $ | (1,861 | )
Other comprehensive loss, net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans |  | — |  |  | — |  |  | — |  |  | (61 | ) |  | — |  |  | (61 | )
Other comprehensive loss |  | — |  |  | — |  |  | — |  |  | (61 | ) |  | — |  |  | (61 | )
Comprehensive loss |  | (1,739 | ) |  | (1,861 | ) |  | (2,571 | ) |  | (3,316 | ) |  | 7,565 |  |  | (1,922 | )
Comprehensive loss attributable to noncontrolling interest |  | — |  |  | (122 | ) |  | — |  |  | — |  |  | — |  |  | (122 | )
Comprehensive loss attributable to common stock |  | $ | (1,739 | ) |  | $ | (1,739 | ) |  | $ | (2,571 | ) |  | $ | (3,316 | ) |  | $ | 7,565 |  |  | $ | (1,800 | )
|  | Condensed Consolidating Statements of Cash Flows
|  | Fiscal Year Ended
|  | November 4, 2018
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 12,259 |  |  | $ | 12,807 |  |  | $ | 12,654 |  |  | $ | 18,757 |  |  | $ | (43,867 | ) |  | $ | 12,610 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities |  | (12,323 | ) |  | (12,926 | ) |  | (12,906 | ) |  | (9,671 | ) |  | 44,096 |  |  | (3,730 | )
Net cash provided by (used in) operating activities |  | (64 | ) |  | (119 | ) |  | (252 | ) |  | 9,086 |  |  | 229 |  |  | 8,880 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Intercompany contributions paid |  | — |  |  | (102 | ) |  | (9,099 | ) |  | (3,002 | ) |  | 12,203 |  |  | — |
Distributions received from subsidiaries |  | — |  |  | 1,521 |  |  | — |  |  | 1,521 |  |  | (3,042 | ) |  | — |
Net change in intercompany loans |  | — |  |  | (19 | ) |  | 2,637 |  |  | (164 | ) |  | (2,454 | ) |  | — |
Acquisitions of businesses, net of cash acquired |  | — |  |  | — |  |  | — |  |  | (4,800 | ) |  | — |  |  | (4,800 | )
Proceeds from sales of businesses |  | — |  |  | — |  |  | — |  |  | 773 |  |  | — |  |  | 773 |
Purchases of property, plant and equipment |  | — |  |  | — |  |  | (196 | ) |  | (497 | ) |  | 58 |  |  | (635 | )
Proceeds from disposals of property, plant and equipment |  | — |  |  | — |  |  | 55 |  |  | 242 |  |  | (58 | ) |  | 239 |
Purchases of investments |  | — |  |  | — |  |  | (50 | ) |  | (199 | ) |  | — |  |  | (249 | )
Proceeds from sales and maturities of investments |  | — |  |  | — |  |  | 54 |  |  | — |  |  | — |  |  | 54 |
Other |  | — |  |  | — |  |  | (50 | ) |  | (6 | ) |  | — |  |  | (56 | )
Net cash provided by (used in) investing activities |  | — |  |  | 1,400 |  |  | (6,649 | ) |  | (6,132 | ) |  | 6,707 |  |  | (4,674 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Intercompany contributions received |  | — |  |  | — |  |  | 3,231 |  |  | 9,201 |  |  | (12,432 | ) |  | — |
Dividend and distribution payments |  | (1,477 | ) |  | (1,521 | ) |  | (1,521 | ) |  | (1,521 | ) |  | 3,042 |  |  | (2,998 | )
Net intercompany borrowings |  | 8,690 |  |  | (50 | ) |  | 261 |  |  | (11,355 | ) |  | 2,454 |  |  | — |
Repayment of debt |  | — |  |  | — |  |  | (117 | ) |  | (856 | ) |  | — |  |  | (973 | )
Repurchase of common stock |  | (7,258 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (7,258 | )
Issuance of common stock, net of shares withheld for employee taxes |  | 109 |  |  | 102 |  |  | (20 | ) |  | (35 | ) |  | — |  |  | 156 |
Payment of capital lease obligations |  | — |  |  | — |  |  | — |  |  | (21 | ) |  | — |  |  | (21 | )
Other |  | — |  |  | — |  |  | (27 | ) |  | 3 |  |  | — |  |  | (24 | )
Net cash provided by (used in) financing activities |  | 64 |  |  | (1,469 | ) |  | 1,807 |  |  | (4,584 | ) |  | (6,936 | ) |  | (11,118 | )
Net change in cash and cash equivalents |  | — |  |  | (188 | ) |  | (5,094 | ) |  | (1,630 | ) |  | — |  |  | (6,912 | )
Cash and cash equivalents at beginning of period |  | — |  |  | 194 |  |  | 7,555 |  |  | 3,455 |  |  | — |  |  | 11,204 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 6 |  |  | $ | 2,461 |  |  | $ | 1,825 |  |  | $ | — |  |  | $ | 4,292 |
|  | Condensed Consolidating Statements of Cash Flows
|  | Fiscal Year Ended
|  | October 29, 2017
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,692 |  |  | $ | 1,784 |  |  | $ | 426 |  |  | $ | 4,696 |  |  | $ | (6,814 | ) |  | $ | 1,784 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities |  | (1,692 | ) |  | (1,980 | ) |  | 2,282 |  |  | (822 | ) |  | 6,979 |  |  | 4,767 |
Net cash provided by (used in) operating activities |  | — |  |  | (196 | ) |  | 2,708 |  |  | 3,874 |  |  | 165 |  |  | 6,551 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Intercompany contributions paid |  | — |  |  | (40 | ) |  | — |  |  | (40 | ) |  | 80 |  |  | — |
Distributions received from subsidiaries |  | — |  |  | 1,834 |  |  | — |  |  | 1,858 |  |  | (3,692 | ) |  | — |
Net change in intercompany loans |  | — |  |  | 410 |  |  | (286 | ) |  | 5,664 |  |  | (5,788 | ) |  | — |
Acquisitions of businesses, net of cash acquired |  | — |  |  | — |  |  | — |  |  | (40 | ) |  | — |  |  | (40 | )
Proceeds from sales of businesses |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Purchases of property, plant and equipment |  | — |  |  | — |  |  | (254 | ) |  | (841 | ) |  | 26 |  |  | (1,069 | )
Proceeds from disposals of property, plant and equipment |  | — |  |  | — |  |  | 25 |  |  | 442 |  |  | (26 | ) |  | 441 |
Purchases of investments |  | — |  |  | — |  |  | (200 | ) |  | (7 | ) |  | — |  |  | (207 | )
Proceeds from sales and maturities of investments |  | — |  |  | — |  |  | 200 |  |  | — |  |  | — |  |  | 200 |
Other |  | — |  |  | — |  |  | — |  |  | (9 | ) |  | — |  |  | (9 | )
Net cash provided by (used in) investing activities |  | — |  |  | 2,204 |  |  | (515 | ) |  | 7,037 |  |  | (9,400 | ) |  | (674 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Intercompany contributions received |  | — |  |  | — |  |  | 205 |  |  | 40 |  |  | (245 | ) |  | — |
Dividend and distribution payments |  | — |  |  | (1,745 | ) |  | (1,834 | ) |  | (1,858 | ) |  | 3,692 |  |  | (1,745 | )
Net intercompany borrowings |  | — |  |  | (379 | ) |  | (5,797 | ) |  | 388 |  |  | 5,788 |  |  | — |
Proceeds from issuance of long-term debt |  | — |  |  | — |  |  | 17,426 |  |  | — |  |  | — |  |  | 17,426 |
Repayment of debt |  | — |  |  | — |  |  | (5,704 | ) |  | (7,964 | ) |  | — |  |  | (13,668 | )
Payment of debt issuance costs |  | — |  |  | — |  |  | (24 | ) |  | — |  |  | — |  |  | (24 | )
Issuance of common stock, net of shares withheld for employee taxes |  | — |  |  | 257 |  |  | — |  |  | — |  |  | — |  |  | 257 |
Payment of capital lease obligations |  | — |  |  | — |  |  | (2 | ) |  | (14 | ) |  | — |  |  | (16 | )
Net cash provided by (used in) financing activities |  | — |  |  | (1,867 | ) |  | 4,270 |  |  | (9,408 | ) |  | 9,235 |  |  | 2,230 |
Net change in cash and cash equivalents |  | — |  |  | 141 |  |  | 6,463 |  |  | 1,503 |  |  | — |  |  | 8,107 |
Cash and cash equivalents at the beginning of period |  | — |  |  | 53 |  |  | 1,092 |  |  | 1,952 |  |  | — |  |  | 3,097 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 194 |  |  | $ | 7,555 |  |  | $ | 3,455 |  |  | $ | — |  |  | $ | 11,204 |
|  | Condensed Consolidating Statements of Cash Flows
|  | Fiscal Year Ended
|  | October 30, 2016
|  | Parent Guarantor |  | Subsidiary Guarantor |  | Subsidiary Issuers |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
|  | (in millions)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (1,739 | ) |  | $ | (1,861 | ) |  | $ | (2,571 | ) |  | $ | (3,255 | ) |  | $ | 7,565 |  |  | $ | (1,861 | )
Total adjustments to reconcile net loss to net cash provided by (used in) operating activities |  | 1,739 |  |  | 1,818 |  |  | 2,303 |  |  | 6,637 |  |  | (7,225 | ) |  | 5,272 |
Net cash provided by (used in) operating activities |  | — |  |  | (43 | ) |  | (268 | ) |  | 3,382 |  |  | 340 |  |  | 3,411 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Intercompany contributions paid |  | — |  |  | (35 | ) |  | (7,400 | ) |  | (4,970 | ) |  | 12,405 |  |  | — |
Distributions received from subsidiaries |  | — |  |  | 250 |  |  | 356 |  |  | 250 |  |  | (856 | ) |  | — |
Net change in intercompany loans |  | — |  |  | — |  |  | (102 | ) |  | (10,587 | ) |  | 10,689 |  |  | — |
Acquisitions of businesses, net of cash acquired |  | — |  |  | — |  |  | (10,965 | ) |  | 910 |  |  | — |  |  | (10,055 | )
Proceeds from sales of businesses |  | — |  |  | — |  |  | 58 |  |  | 840 |  |  | — |  |  | 898 |
Purchases of property, plant and equipment |  | — |  |  | — |  |  | (80 | ) |  | (643 | ) |  | — |  |  | (723 | )
Proceeds from disposals of property, plant and equipment |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Purchases of investments |  | — |  |  | — |  |  | — |  |  | (58 | ) |  | — |  |  | (58 | )
Proceeds from sales and maturities of investments |  | — |  |  | — |  |  | 13 |  |  | 91 |  |  | — |  |  | 104 |
Other |  | — |  |  | — |  |  | (2 | ) |  | (9 | ) |  | — |  |  | (11 | )
Net cash provided by (used in) investing activities |  | — |  |  | 215 |  |  | (18,122 | ) |  | (14,171 | ) |  | 22,238 |  |  | (9,840 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Intercompany contributions received |  | — |  |  | — |  |  | 5,310 |  |  | 7,435 |  |  | (12,745 | ) |  | — |
Dividend and distribution payments |  | — |  |  | (628 | ) |  | (250 | ) |  | (728 | ) |  | 856 |  |  | (750 | )
Net intercompany borrowings |  | — |  |  | 286 |  |  | 10,301 |  |  | 102 |  |  | (10,689 | ) |  | — |
Proceeds from issuance of long-term debt |  | — |  |  | — |  |  | 9,551 |  |  | 9,959 |  |  | — |  |  | 19,510 |
Repayment of debt |  | — |  |  | — |  |  | (5,358 | ) |  | (5,959 | ) |  | — |  |  | (11,317 | )
Payment of debt issuance costs |  | — |  |  | — |  |  | (77 | ) |  | (46 | ) |  | — |  |  | (123 | )
Excess tax benefits from stock-based compensation |  | — |  |  | — |  |  | 5 |  |  | 84 |  |  | — |  |  | 89 |
Issuance of common stock, net of shares withheld for employee taxes |  | — |  |  | 223 |  |  | — |  |  | 72 |  |  | — |  |  | 295 |
Net cash provided by (used in) financing activities |  | — |  |  | (119 | ) |  | 19,482 |  |  | 10,919 |  |  | (22,578 | ) |  | 7,704 |
Net change in cash and cash equivalents |  | — |  |  | 53 |  |  | 1,092 |  |  | 130 |  |  | — |  |  | 1,275 |
Cash and cash equivalents at beginning of period |  | — |  |  | — |  |  | — |  |  | 1,822 |  |  | — |  |  | 1,822 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 53 |  |  | $ | 1,092 |  |  | $ | 1,952 |  |  | $ | — |  |  | $ | 3,097 |

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- References No definition available. + Details
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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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