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Net Income Per Share
 12 Months Ended
Oct. 29, 2023
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Fiscal Year
202320222021
(In millions, except per share data)
Numerator:
Net income
$14,082 $11,495 $6,736 
Dividends on preferred stock— (272)(299)
Net income attributable to common stock
$14,082 $11,223 $6,437 
Denominator:
Weighted-average shares outstanding - basic415 409 410 
Dilutive effect of equity awards12 14 19 
Weighted-average shares outstanding - diluted427 423 429 
Net income per share attributable to common stock:
Basic$33.93 $27.44 $15.70 
Diluted$32.98 $26.53 $15.00 
For fiscal years 2022 and 2021, diluted net income per share excluded the potentially dilutive effect of 10 million and 12 million shares of common stock, respectively, issuable upon the conversion of 8.00% Mandatory Convertible Preferred Stock, Series A, $0.001 par value per share (“Mandatory Convertible Preferred Stock”) as their effect was antidilutive. All shares of our Mandatory Convertible Preferred Stock were converted into shares of our common stock before the end of fiscal year 2022.