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Supplemental Financial Information | 12 Months Ended
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Oct. 29, 2023
Balance Sheet Related Disclosures [Abstract] |
Supplemental Financial Information | Supplemental Financial Information Cash Equivalents Cash equivalents included $1,470 million and $3,915 million of time deposits and $1,650 million and $2,365 million of money-market funds as of October 29, 2023 and October 30, 2022, 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 $3,975 million, $3,700 million and $4,027 million during fiscal years 2023, 2022 and 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
|  | October 29, 2023 |  | October 30, 2022
|  | (In millions)
Finished goods |  | $ | 676 |  |  | $ | 780 |
Work-in-process |  | 901 |  |  | 966 |
Raw materials |  | 321 |  |  | 179 |
Total inventory |  | $ | 1,898 |  |  | $ | 1,925 |
Property, Plant and Equipment, Net
|  | October 29, 2023 |  | October 30, 2022
|  | (In millions)
Land |  | $ | 195 |  |  | $ | 195 |
Construction in progress |  | 63 |  |  | 63 |
Buildings and leasehold improvements |  | 1,181 |  |  | 1,156 |
Machinery and equipment |  | 4,739 |  |  | 4,413 |
Total property, plant and equipment |  | 6,178 |  |  | 5,827 |
Accumulated depreciation and amortization |  | (4,024) |  |  | (3,604) |
Total property, plant and equipment, net |  | $ | 2,154 |  |  | $ | 2,223 |
Depreciation expense was $502 million, $529 million and $539 million for fiscal years 2023, 2022 and 2021, respectively. Other Current Assets
|  | October 29, 2023 |  | October 30, 2022
|  | (In millions)
Prepaid expenses |  | $ | 743 |  |  | $ | 864 |
Other |  | 863 |  |  | 341 |
Total other current assets |  | $ | 1,606 |  |  | $ | 1,205 |
Other Current Liabilities
|  | October 29, 2023 |  | October 30, 2022
|  | (In millions)
Contract liabilities |  | $ | 2,487 |  |  | $ | 2,931 |
Tax liabilities |  | 473 |  |  | 680 |
Interest payable |  | 380 |  |  | 393 |
Other |  | 312 |  |  | 408 |
Total other current liabilities |  | $ | 3,652 |  |  | $ | 4,412 |
Other Long-Term Liabilities
|  | October 29, 2023 |  | October 30, 2022
|  | (In millions)
Unrecognized tax benefits, interest and penalties |  | $ | 2,792 |  |  | $ | 3,229 |
Contract liabilities |  | 299 |  |  | 410 |
Other |  | 756 |  |  | 774 |
Total other long-term liabilities |  | $ | 3,847 |  |  | $ | 4,413 |
Other Income (Expense), Net
|  | Fiscal Year
|  | 2023 |  | 2022 |  | 2021
|  | (In millions)
Interest income |  | $ | 535 |  |  | $ | 100 |  |  | $ | 16 |
Other income |  | 15 |  |  | 30 |  |  | 26 |
Gain (loss) on investments |  | 11 |  |  | (169) |  |  | 99 |
Other expense |  | (49) |  |  | (15) |  |  | (10) |
Other income (expense), net |  | $ | 512 |  |  | $ | (54) |  |  | $ | 131 |
Other income and other expense include foreign exchange gains and losses, factoring fees for the sales of receivables, dividend income, and other miscellaneous items.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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