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Income Taxes (Tables) | 12 Months Ended
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Nov. 03, 2019
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | As a result of the Redomiciliation Transaction on April 4, 2018, the following references to domestic activities represent the U.S. for fiscal years 2019 and 2018 and Singapore for fiscal year 2017. The following table presents the components of income from continuing operations before income taxes for financial reporting purposes:
|  | Fiscal Year
|  | 2019 |  | 2018 |  | 2017
|  | (In millions)
Domestic income (loss) |  | $ | (4,116 | ) |  | $ | (705 | ) |  | $ | 2,102 |
Foreign income (loss) |  | 6,342 |  |  | 5,250 |  |  | (277 | )
Income from continuing operations before income taxes |  | $ | 2,226 |  |  | $ | 4,545 |  |  | $ | 1,825 |
Schedule of Components of Income Tax Expense (Benefit) | Significant components of the provision for (benefit from) income taxes are as follows:
|  | Fiscal Year
|  | 2019 |  | 2018 |  | 2017
|  | (In millions)
Current tax expense (benefit from): |  |  |  |  |  |  |  |  |
Federal |  | $ | (49 | ) |  | $ | 255 |  |  | $ | 112 |
State |  | (16 | ) |  | 38 |  |  | — |
Foreign |  | 342 |  |  | 171 |  |  | 158 |
|  | 277 |  |  | 464 |  |  | 270 |
Deferred tax expense (benefit from): |  |  |  |  |  |  |  |  |
Federal |  | (497 | ) |  | (8,666 | ) |  | (1 | )
State |  | (113 | ) |  | (103 | ) |  | — |
Foreign |  | (177 | ) |  | 221 |  |  | (234 | )
|  | (787 | ) |  | (8,548 | ) |  | (235 | )
Total provision for (benefit from) income taxes |  | $ | (510 | ) |  | $ | (8,084 | ) |  | $ | 35 |
Schedule of Effective Income Tax Rate Reconciliation |
|  | Fiscal Year
|  | 2019 |  | 2018 |  | 2017
Statutory tax rate |  | 21.0 | % |  | 21.0 | % |  | 17.0 | %
State, net of federal benefit |  | (4.6 | ) |  | (1.1 | ) |  | — |
2017 Tax reform |  | 5.1 |  |  | (159.0 | ) |  | — |
Redomiciliation transaction withholding tax remeasurement |  | — |  |  | (25.6 | ) |  | — |
Foreign income taxed at different rates |  | (52.5 | ) |  | (16.3 | ) |  | (0.8 | )
Excess tax benefits from stock-based compensation |  | (10.4 | ) |  | (4.0 | ) |  | — |
Research and development credit |  | (7.6 | ) |  | (2.9 | ) |  | — |
Deemed inclusion of foreign earnings |  | 25.9 |  |  | 4.7 |  |  | — |
Tax holidays and concessions |  | — |  |  | — |  |  | (13.0 | )
Other, net |  | 0.2 |  |  | 5.3 |  |  | (1.3 | )
Effective tax rate on income before income taxes |  | (22.9 | )% |  | (177.9 | )% |  | 1.9 | %
Schedule of Deferred Tax Assets and Liabilities |
|  | November 3, 2019 |  | November 4, 2018
|  | (In millions)
Deferred income tax assets: |  |  |  |  |  |
Net operating loss, credit and other carryforwards |  | $ | 1,733 |  |  | $ | 1,421 |
Deferred revenue |  | 316 |  |  | — |
Employee stock awards |  | 218 |  |  | 159 |
Other deferred income tax assets |  | 313 |  |  | 226 |
Gross deferred income tax assets |  | 2,580 |  |  | 1,806 |
Less valuation allowance |  | (1,563 | ) |  | (1,347 | )
Deferred income tax assets |  | 1,017 |  |  | 459 |
Deferred income tax liabilities: |  |  |  |
Depreciation and amortization |  | 2,360 |  |  | 316 |
Foreign earnings not indefinitely reinvested |  | 138 |  |  | 16 |
Other deferred income tax liabilities |  | — |  |  | 12 |
Deferred income tax liabilities |  | 2,498 |  |  | 344 |
Net deferred income tax assets (liabilities) |  | $ | (1,481 | ) |  | $ | 115 |
The following table presents net deferred income tax assets (liabilities) as reflected on the consolidated balance sheets:
|  | November 3, 2019 |  | November 4, 2018
|  | (In millions)
Other long-term assets |  | $ | 50 |  |  | $ | 284 |
Other long-term liabilities |  | (1,531 | ) |  | (169 | )
Net long-term income tax assets (liabilities) |  | $ | (1,481 | ) |  | $ | 115 |
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible | The following table reconciles the beginning and ending balance of gross unrecognized tax benefits:
|  | Fiscal Year
|  | 2019 |  | 2018 |  | 2017
|  | (In millions)
Beginning balance |  | $ | 4,030 |  |  | $ | 2,256 |  |  | $ | 1,983 |
Lapses of statutes of limitations |  | (36 | ) |  | (20 | ) |  | (12 | )
Increases in balances related to tax positions taken during prior periods (including those related to acquisitions made during the year) |  | 467 |  |  | 361 |  |  | 47 |
Decreases in balances related to tax positions taken during prior periods |  | (270 | ) |  | (289 | ) |  | (32 | )
Increases in balances related to tax positions taken during current period |  | 460 |  |  | 1,726 |  |  | 391 |
Decreases in balances related to settlement with taxing authorities |  | (229 | ) |  | (4 | ) |  | (121 | )
Ending balance |  | $ | 4,422 |  |  | $ | 4,030 |  |  | $ | 2,256 |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 + Details
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