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Supplemental Financial Information
9 Months Ended
Jul. 31, 2022
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Cash Equivalents
Cash equivalents included $2,576 million and $4,668 million of time deposits and $1,747 million and $1,607 million of money-market funds as of July 31, 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 condensed consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $900 million and $3,000 million during the fiscal quarter and three fiscal quarters ended July 31, 2022, respectively, and $1,000 million and $2,827 million during the fiscal quarter and three fiscal quarters ended August 1, 2021, 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
July 31,
2022
October 31,
2021
(In millions)
Finished goods$641 $423 
Work-in-process994 680 
Raw materials203 194 
Total inventory$1,838 $1,297 
Other Current Assets
July 31,
2022
October 31,
2021
(In millions)
Prepaid expenses$728 $539 
Other 310 516 
Total other current assets $1,038 $1,055 
Other Current Liabilities
July 31,
2022
October 31,
2021
(In millions)
Contract liabilities$3,297 $2,619 
Tax liabilities471 541 
Other 839 679 
Total other current liabilities$4,607 $3,839 
Other Long-Term Liabilities
July 31,
2022
October 31,
2021
(In millions)
Unrecognized tax benefits$3,307 $3,407 
Other 1,223 1,453 
Total other long-term liabilities$4,530 $4,860 
Supplemental Cash Flow Information
Fiscal Quarter EndedThree Fiscal Quarters Ended
July 31,
2022
August 1,
2021
July 31,
2022
August 1,
2021
(In millions)
Cash paid for interest$290 $253 $989 $994 
Cash paid for income taxes$231 $167 $657 $607