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Supplemental Financial Information
 12 Months Ended
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-process901 966 
Raw materials321 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 progress63 63 
Buildings and leasehold improvements1,181 1,156 
Machinery and equipment 4,739 4,413 
Total property, plant and equipment6,178 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 
Other863 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 liabilities473 680 
Interest payable380 393 
Other312 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 liabilities299 410 
Other756 774 
Total other long-term liabilities$3,847 $4,413 
Other Income (Expense), Net
Fiscal Year
202320222021
(In millions)
Interest income$535 $100 $16 
Other income15 30 26 
Gain (loss) on investments11 (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.