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Leases | 12 Months Ended
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Oct. 30, 2022
Leases [Abstract] |
Leases | Leases At the beginning of fiscal year 2020, we adopted ASU 2016-02, Leases (“Topic 842”) using the optional adoption method, whereby no adjustment to the financial statements of comparative periods was required. We have operating and finance leases for our facilities, data centers and certain equipment. Operating lease expense was $98 million, $102 million and $106 million for fiscal years 2022, 2021 and 2020, respectively. Finance lease expense was $18 million, $16 million and $14 million for fiscal years 2022, 2021 and 2020 respectively. Other information related to leases was as follows:
|  | Fiscal Year
|  | 2022 |  | 2021 |  | 2020
|  | (In millions)
Cash paid for operating leases included in operating cash flows |  | $ | 103 |  |  | $ | 140 |  |  | $ | 125 |
ROU assets obtained in exchange for operating lease liabilities |  | $ | 16 |  |  | $ | 92 |  |  | $ | 682 |
ROU assets obtained in exchange for finance lease liabilities |  | $ | 1 |  |  | $ | 15 |  |  | $ | 74 |
|  | October 30, 2022 |  | October 31, 2021 |  |
Weighted-average remaining lease term – operating leases (In years) |  | 10 |  | 10 |  |
Weighted-average remaining lease term – finance leases (In years) |  | 2 |  | 3 |  |
Weighted-average discount rate – operating leases |  | 3.60 |  | % | 3.78 |  | % |
Weighted-average discount rate – finance leases |  | 3.05 |  | % | 3.11 |  | % |
Supplemental balance sheet information related to leases was as follows:
|  | Classification on the Consolidated Balance Sheets |  | October 30, 2022 |  | October 31, 2021
|  |  |  | (In millions)
ROU assets - operating leases |  | Other long-term assets |  | $ | 517 |  |  | $ | 588 |
ROU assets - finance leases |  | Property, plant and equipment, net |  | $ | 40 |  |  | $ | 55 |
Short-term lease liabilities - operating leases |  | Other current liabilities |  | $ | 74 |  |  | $ | 83 |
Long-term lease liabilities - operating leases |  | Other long-term liabilities |  | $ | 389 |  |  | $ | 460 |
Short-term lease liabilities - finance leases |  | Current portion of long-term debt |  | $ | 37 |  |  | $ | 26 |
Long-term lease liabilities - finance leases |  | Long-term debt |  | $ | 22 |  |  | $ | 39 |
Future minimum lease payments under non-cancelable leases as of October 30, 2022 were as follows:
|  | October 30, 2022
|  | Operating Leases |  | Finance Leases
|  | (In millions)
2023 |  | $ | 89 |  |  | $ | 38 |
2024 |  | 69 |  |  | 18 |
2025 |  | 58 |  |  | 2 |
2026 |  | 45 |  |  | 2 |
2027 |  | 40 |  |  | — |
Thereafter |  | 267 |  |  | — |
Total undiscounted liabilities |  | 568 |  |  | 60 |
Less: interest |  | (105) |  |  | (1) |
Present value of lease liabilities |  | $ | 463 |  |  | $ | 59 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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