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Supplemental Financial Information | 9 Months Ended
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Aug. 01, 2021
Disclosure Text Block Supplement [Abstract] |
Supplemental Financial Information | Supplemental Financial Information Cash Equivalents Cash equivalents included $3,880 million and $2,471 million of time deposits and $1,555 million and $790 million of money-market funds as of August 1, 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 $1,000 million and $2,827 million during the fiscal quarter and three fiscal quarters ended August 1, 2021, respectively, and $927 million and $2,754 million for the fiscal quarter and three fiscal quarters ended August 2, 2020, respectively. Factoring fees for the sales of receivables were recorded in other income, net and were not material for any of the periods presented. Inventory
|  | August 1, 2021 |  | November 1, 2020
|  | (In millions)
Finished goods |  | $ | 329 |  |  | $ | 323 |
Work-in-process |  | 673 |  |  | 558 |
Raw materials |  | 158 |  |  | 122 |
Total inventory |  | $ | 1,160 |  |  | $ | 1,003 |
Other Current Assets
|  | August 1, 2021 |  | November 1, 2020
|  | (In millions)
Prepaid expenses |  | $ | 509 |  |  | $ | 387 |
Other (miscellaneous) |  | 628 |  |  | 590 |
Total other current assets |  | $ | 1,137 |  |  | $ | 977 |
Other Current Liabilities
|  | August 1, 2021 |  | November 1, 2020
|  | (In millions)
Contract liabilities |  | $ | 3,008 |  |  | $ | 2,620 |
Tax liabilities |  | 492 |  |  | 440 |
Interest payable |  | 471 |  |  | 304 |
Other (miscellaneous) |  | 390 |  |  | 467 |
Total other current liabilities |  | $ | 4,361 |  |  | $ | 3,831 |
Other Long-Term Liabilities
|  | August 1, 2021 |  | November 1, 2020
|  | (In millions)
Unrecognized tax benefits |  | $ | 3,282 |  |  | $ | 3,185 |
Contract liabilities |  | 620 |  |  | 823 |
Other (miscellaneous) |  | 932 |  |  | 1,418 |
Total other long-term liabilities |  | $ | 4,834 |  |  | $ | 5,426 |
Supplemental Cash Flow Information
|  | Fiscal Quarter Ended |  | Three Fiscal Quarters Ended
|  | August 1, 2021 |  | August 2, 2020 |  | August 1, 2021 |  | August 2, 2020
|  | (In millions)
Cash paid for interest |  | $ | 253 |  |  | $ | 269 |  |  | $ | 994 |  |  | $ | 1,025 |
Cash paid for income taxes |  | $ | 167 |  |  | $ | 44 |  |  | $ | 607 |  |  | $ | 299 |
As of August 1, 2021 and August 2, 2020, $20 million and $37 million, respectively, 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.

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