XML 69 R34.htm IDEA: XBRL DOCUMENT v3.20.1
Stockholders' Equity (Tables)
 12 Months Ended
Nov. 03, 2019
Equity [Abstract]  
Summary of Dividends and Distributions
 
 
Fiscal Year
 
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
Cash dividends and distributions declared and paid per share/unit
 
$
10.60

 
$
7.00

 
$
4.08

Cash dividends declared and paid to common stockholders
 
$
4,235

 
$
2,921

 
$
1,653

Cash distributions declared and paid to limited partners
 
$
—

 
$
77

 
$
92
Summary of Stock-Based Compensation Expense
 
 
Fiscal Year
 
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(In millions)
Cost of products sold
 
$
120

 
$
77

 
$
64

Cost of subscriptions and services
 
43

 
9

 
—

Research and development
 
1,532

 
855

 
636

Selling, general and administrative
 
490

 
286

 
220

Total stock-based compensation expense (a)
 
$
2,185

 
$
1,227

 
$
920

 
 
 
 
 
 
 
Estimated income tax benefits for stock-based compensation
 
$
400

 
$
195

 
$
249

Income tax benefits for stock-based awards exercised or released
 
$
232

 
$
181

 
$
273


_________________________________
(a)
Does not include stock-based compensation related to discontinued operations recognized during fiscal year 2017, which was included in loss from discontinued operations, net of income taxes in our consolidated statements of operations.
Summary of Market-Based Awards Weighted-Average Assumptions
The following table summarizes the weighted-average assumptions utilized to calculate the fair value of market-based awards granted in the periods presented:
 
 
Market-Based Awards
 
 
Fiscal Year
 
 
2019
 
2018
 
2017
Risk-free interest rate
 
2.7
%
 
2.4
%
 
1.7
%
Dividend yield
 
4.4
%
 
2.6
%
 
1.8
%
Volatility
 
33.0
%
 
32.5
%
 
32.3
%
Expected term (in years)
 
4.0

 
4.0

 
4.0
Summary of Restricted Stock Unit Awards
A summary of time- and market-based RSU activity is as follows:
 
 
Number of RSUs
Outstanding
 
Weighted-Average
Grant Date
Fair Value
Per Share
 
 
 
 
 
 
 
(In millions, except per share data)
Balance as of October 30, 2016
 
17

 
$
130.71

Granted
 
8

 
$
199.33

Vested
 
(5
)
 
$
126.81

Forfeited
 
(2
)
 
$
142.78

Balance as of October 29, 2017
 
18

 
$
163.42

Granted
 
7

 
$
239.48

Vested
 
(6
)
 
$
155.78

Forfeited
 
(1
)
 
$
175.46

Balance as of November 4, 2018
 
18

 
$
195.50

Assumed in CA Merger
 
1

 
$
206.14

Granted
 
33

 
$
183.64

Vested
 
(10
)
 
$
192.28

Forfeited
 
(2
)
 
$
182.80

Balance as of November 3, 2019
 
40

 
$
188.52
Summary of Stock Option Awards
A summary of time- and market-based stock option activity is as follows:
 
 
Number of Options
Outstanding
 
Weighted-
Average
Exercise Price
Per Share
 
Weighted-
Average
Remaining
Contractual
Life (In years)
 
Aggregate
Intrinsic
Value
 
 
 
 
 
 
 
 
 
 
 
 (In millions, except years and per share data)
Balance as of October 30, 2016
 
15

 
$
48.77

 
 
 
 
Exercised
 
(4
)
 
$
45.48

 
 
 
$
682

Cancelled
 
(1
)
 
$
66.08

 
 
 
 
Balance as of October 29, 2017
 
10

 
$
49.54

 
 
 
 
Exercised
 
(2
)
 
$
47.41

 
 
 
$
534

Cancelled
 
—

*
$
72.37

 
 
 
 
Balance as of November 4, 2018
 
8

 
$
50.14

 
 
 
 
Exercised
 
(4
)
 
$
47.88

 
 
 
$
761

Cancelled
 
—

*
$
49.00

 
 
 
 
Balance as of November 3, 2019
 
4

 
$
51.83

 
1.11
 
$
1,077

Fully vested as of November 3, 2019
 
4

 
$
51.83

 
1.11
 
$
1,077


________________________________
* Represents fewer than 0.5 million shares.