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Stockholders' Equity | 3 Months Ended
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Jan. 31, 2021
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Mandatory Convertible Preferred Stock On September 30, 2019, we completed an offering of approximately 4 million shares of 8.00% Mandatory Convertible Preferred Stock, Series A, $0.001 par value per share (“Mandatory Convertible Preferred Stock”). On September 30, 2022, unless earlier converted, each outstanding share of Mandatory Convertible Preferred Stock will automatically convert into shares of our common stock at a rate between the then minimum and maximum conversion rates. At any time prior to September 30, 2022, holders may elect to convert each share of Mandatory Convertible Preferred Stock into shares of our common stock at the then minimum conversion rate. The conversion rates are subject to anti-dilution adjustments. As of January 31, 2021, the minimum conversion rate was 3.0637 and the maximum conversion rate was 3.5811. We recognized $26 million and $27 million of accrued preferred stock dividends, which were presented as temporary equity on our condensed consolidated balance sheets as of January 31, 2021 and November 1, 2020, respectively. Cash Dividends Declared and Paid
|  | Fiscal Quarter Ended |  |
|  | January 31, 2021 |  | February 2, 2020 |  |  |  |
|  | (In millions, except per share data)
Dividends per share to common stockholders |  | $ | 3.60 |  |  | $ | 3.25 |  |  |  |  |
Dividends to common stockholders |  | $ | 1,468 |  |  | $ | 1,297 |  |  |  |  |
Dividends per share to preferred stockholders |  | $ | 20.00 |  |  | $ | 20.00 |  |  |  |  |
Dividends to preferred stockholders |  | $ | 75 |  |  | $ | 75 |  |  |  |  |
Stock-Based Compensation Expense
|  | Fiscal Quarter Ended |  |
|  | January 31, 2021 |  | February 2, 2020 |  |  |  |
|  | (In millions)
Cost of products sold |  | $ | 20 |  |  | $ | 31 |  |  |  |  |
Cost of subscriptions and services |  | 12 |  |  | 12 |  |  |  |  |
Research and development |  | 328 |  |  | 391 |  |  |  |  |
Selling, general and administrative |  | 84 |  |  | 111 |  |  |  |  |
Total stock-based compensation expense |  | $ | 444 |  |  | $ | 545 |  |  |  |  |
As of January 31, 2021, the total unrecognized compensation cost related to unvested stock-based awards was $3,637 million, which is expected to be recognized over the remaining weighted-average service period of 3.3 years. Equity Incentive Award Plans 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 November 1, 2020 |  | 32 |  |  | $ | 188.35 |  |  |  |  |
Granted |  | — |  | * | $ | 372.28 |  |  |  |  |
Vested |  | (2) |  |  | $ | 224.81 |  |  |  |  |
Forfeited |  | — |  | * | $ | 194.09 |  |  |  |  |
Balance as of January 31, 2021 |  | 30 |  |  | $ | 188.32 |  |  |  |  |
________________________________ * Represents fewer than 1 million shares. The aggregate fair value of time- and market-based RSUs that vested during the fiscal quarter ended January 31, 2021 was $664 million, which represents the market value of our common stock on the date that the RSUs vested. The number of RSUs vested included shares of common stock that we withheld for settlement of employees’ tax obligations due upon the vesting of RSUs. 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 November 1, 2020 |  | 1 |  |  | $ | 62.35 |  |  |  |  |
Exercised |  | (1) |  |  | $ | 58.32 |  |  |  |  | $ | 211 |
Balance as of January 31, 2021 |  | — |  | * | $ | 69.63 |  |  | 0.4 |  | $ | 126 |
Fully vested as of January 31, 2021 |  | — |  | * | $ | 69.86 |  |  | 0.3 |  | $ | 124 |
Fully vested and expected to vest as of January 31, 2021 |  | — |  | * | $ | 69.63 |  |  | 0.4 |  | $ | 126 |
________________________________ * Represents fewer than 1 million shares.

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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