Supplemental Financial Information

12 Months Ended

Oct. 30, 2022

Balance Sheet Related Disclosures [Abstract]

Cash Equivalents

Cash equivalents included $3,915 million and $4,668 million of time deposits and $2,365 million and $1,607 million of money-market funds as of October 30, 2022 and October 31, 2021, 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 consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $3,700 million, $4,027 million and $3,723 million during fiscal years 2022, 2021 and 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


	October 30, 2022		October 31, 2021

	(In millions)
Finished goods	$	780	$	423
Work-in-process	966		680
Raw materials	179		194
Total inventory	$	1,925	$	1,297

Property, Plant and Equipment, Net


	October 30, 2022		October 31, 2021

	(In millions)
Land	$	195	$	195
Construction in progress	63		38
Buildings and leasehold improvements	1,156		1,150
Machinery and equipment	4,413		4,161
Total property, plant and equipment	5,827		5,544
Accumulated depreciation and amortization	(3,604)		(3,196)
Total property, plant and equipment, net	$	2,223	$	2,348

Depreciation expense was $529 million, $539 million and $570 million for fiscal years 2022, 2021, and 2020, respectively.

Other Current Assets


	October 30, 2022		October 31, 2021

	(In millions)
Prepaid expenses	$	864	$	539
Other	341		516
Total other current assets	$	1,205	$	1,055

Other Current Liabilities


	October 30, 2022		October 31, 2021

	(In millions)
Contract liabilities	$	2,931	$	2,619
Tax liabilities	680		541
Interest payable	393		282
Other	408		397
Total other current liabilities	$	4,412	$	3,839

Other Long-Term Liabilities


	October 30, 2022		October 31, 2021

	(In millions)
Unrecognized tax benefits, interest and penalties	$	3,229	$	3,407
Contract liabilities	410		566
Other	774		887
Total other long-term liabilities	$	4,413	$	4,860

Other Income (Expense), Net


	Fiscal Year
	2022		2021		2020

	(In millions)
Gain (loss) on investments	$	(169)	$	99	$	31
Other income	30		26		56
Interest income	100		16		53
Other expense	(15)		(10)		(50)
Gain from lapse of indemnification	—		—		116
Other income (expense), net	$	(54)	$	131	$	206

Other income includes foreign exchange gains, dividends, and other miscellaneous items.