XML 22 R11.htm IDEA: XBRL DOCUMENT v3.20.4
Supplemental Financial Information
 3 Months Ended
Jan. 31, 2021
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Cash Equivalents
Cash equivalents included $2,728 million and $2,471 million of time deposits and $715 million and $790 million of money-market funds as of January 31, 2021 and November 1, 2020, respectively. 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 arrangements. We account for these transactions as sales of receivables and present cash proceeds as cash provided by operating activities in the condensed consolidated statements of cash flows. Total trade accounts receivable sold under the
factoring arrangements were $927 million and $901 million during the fiscal quarters ended January 31, 2021 and February 2, 2020, respectively. Factoring fees for the sales of receivables were recorded in other income (expense), net and were not material for any of the periods presented.
Inventory
January 31,
2021		November 1,
2020
(In millions)
Finished goods$306 $323 
Work-in-process552 558 
Raw materials94 122 
Total inventory$952 $1,003 
Other Current Assets
January 31,
2021		November 1,
2020
(In millions)
Prepaid expenses$513 $387 
Other (miscellaneous)759 590 
Total other current assets $1,272 $977 
Other Current Liabilities
January 31,
2021		November 1,
2020
(In millions)
Contract liabilities$3,098 $2,620 
Tax liabilities562 440 
Other (miscellaneous)778 771 
Total other current liabilities$4,438 $3,831 
Other Long-Term Liabilities
January 31,
2021		November 1,
2020
(In millions)
Unrecognized tax benefits$3,210 $3,185 
Contract liabilities735 823 
Other (miscellaneous)1,266 1,418 
Total other long-term liabilities$5,211 $5,426 
Supplemental Cash Flow Information
Fiscal Quarter Ended
January 31,
2021		February 2,
2020
(In millions)
Cash paid for interest$372 $381 
Cash paid for income taxes$147 $131 
At each of January 31, 2021 and February 2, 2020, $46 million of unpaid purchases of property, plant and equipment were included in accounts payable. Amounts reported as unpaid purchases are presented as cash outflows from investing activities for purchases of property, plant and equipment in the condensed consolidated statements of cash flows in the period in which they are paid.