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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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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.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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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.

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