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Leases | 12 Months Ended
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Oct. 29, 2023
Leases [Abstract] |
Leases | Leases We have operating and finance leases for our facilities, data centers and certain equipment. Operating lease expense was $91 million, $98 million and $102 million for fiscal years 2023, 2022 and 2021, respectively. Finance lease expense was $16 million, $18 million and $16 million for fiscal years 2023, 2022 and 2021 respectively. Other information related to leases was as follows:
|  | Fiscal Year
|  | 2023 |  | 2022 |  | 2021
|  | (In millions)
Cash paid for operating leases included in operating cash flows |  | $ | 90 |  |  | $ | 103 |  |  | $ | 140 |
ROU assets obtained in exchange for operating lease liabilities |  | $ | 28 |  |  | $ | 16 |  |  | $ | 92 |
ROU assets obtained in exchange for finance lease liabilities |  | $ | — |  |  | $ | 1 |  |  | $ | 15 |
|  | October 29, 2023 |  | October 30, 2022 |  |
Weighted-average remaining lease term – operating leases (In years) |  | 10 |  | 10 |  |
Weighted-average remaining lease term – finance leases (In years) |  | 2 |  | 2 |  |
Weighted-average discount rate – operating leases |  | 3.90 |  | % | 3.60 |  | % |
Weighted-average discount rate – finance leases |  | 3.09 |  | % | 3.05 |  | % |
Supplemental balance sheet information related to leases was as follows:
|  | Classification on the Consolidated Balance Sheets |  | October 29, 2023 |  | October 30, 2022
|  |  |  | (In millions)
ROU assets - operating leases |  | Other long-term assets |  | $ | 463 |  |  | $ | 517 |
ROU assets - finance leases |  | Property, plant and equipment, net |  | $ | 22 |  |  | $ | 40 |
Short-term lease liabilities - operating leases |  | Other current liabilities |  | $ | 60 |  |  | $ | 74 |
Long-term lease liabilities - operating leases |  | Other long-term liabilities |  | $ | 359 |  |  | $ | 389 |
Short-term lease liabilities - finance leases |  | Current portion of long-term debt |  | $ | 45 |  |  | $ | 37 |
Long-term lease liabilities - finance leases |  | Long-term debt |  | $ | 4 |  |  | $ | 22 |
Future minimum lease payments under non-cancelable leases as of October 29, 2023 were as follows:
|  | October 29, 2023
|  | Operating Leases |  | Finance Leases
|  | (In millions)
2024 |  | $ | 75 |  |  | $ | 45 |
2025 |  | 65 |  |  | 2 |
2026 |  | 52 |  |  | 2 |
2027 |  | 46 |  |  | — |
2028 |  | 40 |  |  | — |
Thereafter |  | 236 |  |  | — |
Total undiscounted liabilities |  | 514 |  |  | 49 |
Less: interest |  | (95) |  |  | — |
Present value of lease liabilities |  | $ | 419 |  |  | $ | 49 |
As of October 29, 2023, the Company had $642 million of future payments under additional leases that will commence in fiscal year ending November 3, 2024 with a lease term of 15 years.

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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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