Supplemental Financial Information

Cash and Cash Equivalents

Cash equivalents included $1,406 million and $6,002 million of time deposits as of November 4, 2018 and October 29, 2017, respectively. As of November 4, 2018 and October 29, 2017, cash equivalents also included $202 million and $401 million, respectively, of money-market funds. For time deposits, carrying value approximates fair value due to the short-term nature of the instruments. The fair value of money-market funds, which was consistent with their carrying value, was determined using unadjusted prices in active, accessible markets for identical assets, and as such they were classified as Level 1 assets in the fair value hierarchy.

Accounts Receivable Factoring

We sell certain of our trade accounts receivable on a non-recourse basis to third-party financial institutions pursuant to factoring agreements. We account for these transactions as sales of receivables and present cash proceeds as cash provided by operating activities in the consolidated statements of cash flows. Total trade accounts receivable sold under the factoring agreements were $362 million and $178 million during fiscal years 2018 and 2017, respectively. Factoring fees for the sales of receivables were recorded in other income, net and were not material for any period presented.

Inventory



	November 4, 2018		October 29, 2017

	(In millions)
Finished goods	$	483	$	562
Work-in-process	505		696
Raw materials	136		189
Total inventory	$	1,124	$	1,447

Property, Plant and Equipment, Net



	November 4, 2018			October 29, 2017

	(In millions)
Land	$	189		$	177
Construction in progress	67			411
Buildings and leasehold improvements	1,016			579
Machinery and equipment	3,257			2,925
Total property, plant and equipment	4,529			4,092
Accumulated depreciation and amortization	(1,894		)	(1,493		)
Total property, plant and equipment, net	$	2,635		$	2,599

Depreciation expense was $515 million, $451 million and $402 million for fiscal years 2018, 2017 and 2016, respectively.

As of November 4, 2018 and October 29, 2017, we had $22 million and $122 million, respectively, of unpaid purchases of property, plant and equipment included in accounts payable and other current liabilities. Amounts reported as unpaid purchases are presented as cash outflows from investing activities for purchases of property, plant and equipment in the consolidated statements of cash flows in the period in which they are paid.

Other Current Assets



	November 4, 2018		October 29, 2017

	(In millions)
Prepaid expenses	$	243	$	440
Other receivables	65		155
Other (miscellaneous)	58		129
Total other current assets	$	366	$	724

Other Current Liabilities



	November 4, 2018		October 29, 2017

	(In millions)
Interest payable	$	165	$	136
Deferred revenue	164		51
Accrued rebates	161		124
Tax liabilities	162		123
Other (miscellaneous)	160		247
Total other current liabilities	$	812	$	681

Other Long-Term Liabilities



	November 4, 2018		October 29, 2017

	(In millions)
Unrecognized tax benefits ^{(a) (b)}	$	3,088	$	1,011
Deferred tax liabilities ^(a)	169		10,019
Tax indemnification liability	116		—
Other (miscellaneous)	263		242
Total other long-term liabilities	$	3,636	$	11,272

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(a) Refer to Note 10. “Income Taxes” for additional information regarding these balances.

(b) Includes accrued interest and penalties.

Accumulated Other Comprehensive Loss



	Fiscal Year
	2018			2017

	(In millions)
Beginning balance	$	(91	)	$	(134	)
Changes in accumulated other comprehensive loss:
Unrealized gain (loss) on defined benefit pension plans and post-retirement benefit plans before reclassification	(11		)	63
Amounts reclassified out of accumulated other comprehensive loss ^(a)	1			1
Tax effects	2			(21		)
Other comprehensive income (loss)	(8		)	43
Cumulative effect of accounting change	(16		)	—
Ending balance	$	(115	)	$	(91	)

________________________________

(a) Relates to amortization of actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans and are included in the computation of net periodic benefit (income) cost (refer to Note 7. “Retirement Plans and Post-Retirement Benefits” for additional information).

Other Income, Net



	Fiscal Year
	2018		2017			2016

	(In millions)
Other income	$	30	$	43		$	27
Interest income	114		44			10
Other expense	—		(25		)	(27		)
Other income, net	$	144	$	62		$	10

Other income includes gains (losses) on foreign currency remeasurement and other miscellaneous items.