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Retirement Plans Benefits (Tables)
12 Months Ended
Oct. 29, 2023
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
Fiscal Year
202320222021
(In millions)
Service cost$$$11 
Interest cost60 39 39 
Expected return on plan assets(59)(39)(40)
Other
— 
Net periodic benefit cost $$$11 
Net actuarial (gain) loss$20 $(17)$
Schedule of Net Funded Status
October 29,
2023
October 30,
2022
(In millions)
Change in plan assets:  
Fair value of plan assets — beginning of period$1,160 $1,521 
Actual return on plan assets19 (279)
Employer contributions15 10 
Plan participants’ contributions
Benefit payments
(94)(95)
Foreign currency impact
Fair value of plan assets — end of period1,105 1,160 
Change in benefit obligations:  
Benefit obligations — beginning of period1,143 1,526 
Service cost
Interest cost60 39 
Actuarial gain (a)
(22)(336)
Plan participants’ contributions
Benefit payments(94)(95)
Foreign currency impact— 
Benefit obligations — end of period1,101 1,143 
Overfunded (underfunded) status of benefit obligations (b)
$$17 
Actuarial losses and prior service costs recognized in accumulated other comprehensive loss, net of taxes
$(108)$(82)
_______________________________
(a)The actuarial gain in fiscal year 2022 was primarily due to an increase in discount rates experienced by the majority of our plans.
(b)Substantially all amounts recognized on the consolidated balance sheets were recorded in other long-term assets and other long-term liabilities for all periods presented.
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets
Plans with benefit obligations in excess of plan assets:
October 29,
2023
October 30,
2022
(In millions)
Projected benefit obligations$79 $71 
Accumulated benefit obligations$64 $55 
Fair value of plan assets$26 $12 
Schedule of Accumulated Benefit Obligation less than Fair value of plan assets
Plans with benefit obligations less than plan assets:
October 29,
2023
October 30,
2022
(In millions)
Projected benefit obligations$1,022 $1,072 
Accumulated benefit obligations$1,022 $1,070 
Fair value of plan assets$1,079 $1,148 
Schedule of Expected Benefit Payments
Fiscal Years:Expected Benefit Payments
(In millions)
2024$96 
2025$95 
2026$95 
2027$93 
2028$91 
2029-2033$429 
Defined Benefit Plan, Assumptions
Assumptions for Benefit Obligations
as of
Assumptions for Net Periodic Benefit Cost
Fiscal Year
October 29,
2023
October 30,
2022
202320222021
Discount rate
1.75%-7.00%
1.25%-7.25%
1.25%-7.25%
0.75%-6.50%
0.61%-6.54%
Average increase in compensation levels
2.00%-10.00%
2.00%-10.00%
2.00%-10.00%
2.00%-10.00%
2.00%-10.00%
Expected long-term return on assets
N/AN/A
2.50%-7.00%
1.50%-7.25%
1.00%-8.00%
Pension Plan  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Allocation of Plan Assets
October 29, 2023
Fair Value Measurements at Reporting Date Using
Level 1Level 2Total
(In millions)
Cash equivalents$16 
(a)
$— $16 
Equity securities:
Non-U.S. equity securities62 
(b)
— 62 
Fixed-income securities:
U.S. treasuries— 144 
(c)
144 
Corporate bonds— 837 
(c)
837 
Municipal bonds— 23 
(c)
23 
Government bonds— 21 
(c)
21 
Asset-backed securities— 
(c)
 Total plan assets$78 $1,027 $1,105 
October 30, 2022
Fair Value Measurements at Reporting Date Using
Level 1Level 2Total
(In millions)
Cash equivalents$19 
(a)
$— $19 
Equity securities:
Non-U.S. equity securities46 
(b)
— 46 
Fixed-income securities:
U.S. treasuries— 147 
(c)
147 
Corporate bonds— 901 
(c)
901 
Municipal bonds— 20 
(c)
20 
Government bonds— 25 
(c)
25 
Asset-backed securities— 
(c)
 Total plan assets$65 $1,095 $1,160 
______________________________
(a)Cash equivalents primarily included short-term investment funds which consisted of short-term money market instruments that were valued based on quoted prices in active markets.
(b)These equity securities were valued based on quoted prices in active markets.
(c)These amounts consisted of investments that were traded less frequently than Level 1 securities and were valued using inputs that included quoted prices for similar assets in active markets and inputs other than quoted prices that were observable for the assets, such as interest rates, yield curves, prepayment speeds, collateral performance, broker/dealer quotes and indices that were observable at commonly quoted intervals.