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Stockholders' Equity | 9 Months Ended
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Jul. 31, 2022
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 July 31, 2022, the minimum conversion rate was 3.1058 and the maximum conversion rate was 3.6301. As of each July 31, 2022 and October 31, 2021, we recognized $27 million of accrued preferred stock dividends, which were presented as temporary equity on our condensed consolidated balance sheets. Cash Dividends Declared and Paid
|  | Fiscal Quarter Ended |  | Three Fiscal Quarters Ended
|  | July 31, 2022 |  | August 1, 2021 |  | July 31, 2022 |  | August 1, 2021
|  | (In millions, except per share data)
Dividends per share to common stockholders |  | $ | 4.10 |  |  | $ | 3.60 |  |  | $ | 12.30 |  |  | $ | 10.80 |
Dividends to common stockholders |  | $ | 1,661 |  |  | $ | 1,482 |  |  | $ | 5,026 |  |  | $ | 4,427 |
Dividends per share to preferred stockholders |  | $ | 20.00 |  |  | $ | 20.00 |  |  | $ | 60.00 |  |  | $ | 60.00 |
Dividends to preferred stockholders |  | $ | 75 |  |  | $ | 74 |  |  | $ | 224 |  |  | $ | 224 |
Stock Repurchase Program In December 2021, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time on or prior to December 31, 2022. During the fiscal quarter and three fiscal quarters ended July 31, 2022, we repurchased and retired approximately 3 million and 12 million shares of our common stock for $1.5 billion and $7 billion, respectively, under this stock repurchase program. In May 2022, our Board of Directors authorized another stock repurchase program to repurchase up to an additional $10 billion of our common stock from time to time through December 31, 2023. Repurchases under our stock repurchase programs may be effected through a variety of methods, including open market or privately negotiated purchases. The timing and amount of shares repurchased will depend on the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. We are not obligated to repurchase any specific amount of shares of common stock, and the stock repurchase programs may be suspended or terminated at any time. Stock-Based Compensation Expense
|  | Fiscal Quarter Ended |  | Three Fiscal Quarters Ended
|  | July 31, 2022 |  | August 1, 2021 |  | July 31, 2022 |  | August 1, 2021
|  | (In millions)
Cost of products sold |  | $ | 15 |  |  | $ | 18 |  |  | $ | 49 |  |  | $ | 59 |
Cost of subscriptions and services |  | 22 |  |  | 18 |  |  | 60 |  |  | 47 |
Research and development |  | 259 |  |  | 285 |  |  | 788 |  |  | 920 |
Selling, general and administrative |  | 77 |  |  | 100 |  |  | 249 |  |  | 264 |
Total stock-based compensation expense |  | $ | 373 |  |  | $ | 421 |  |  | $ | 1,146 |  |  | $ | 1,290 |
As of July 31, 2022, the total unrecognized compensation cost related to unvested stock-based awards was $2,993 million, which is expected to be recognized over the remaining weighted-average service period of 2.9 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 October 31, 2021 |  | 23 |  |  | $ | 200.38 |  |  |  |  |
Granted |  | 3 |  |  | $ | 532.68 |  |  |  |  |
Vested |  | (6) |  |  | $ | 223.21 |  |  |  |  |
Forfeited |  | (1) |  |  | $ | 240.56 |  |  |  |  |
Balance as of July 31, 2022 |  | 19 |  |  | $ | 236.05 |  |  |  |  |
The aggregate fair value of time- and market-based RSUs that vested during the three fiscal quarters ended July 31, 2022 was $3,357 million, which represented 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.

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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 https://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 https://asc.fasb.org/topic&trid=2228938 + Details
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