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Stockholders' Equity (Tables)
12 Months Ended
Oct. 29, 2023
Equity [Abstract]  
Summary of Dividends
Fiscal Year
202320222021
(In millions, except per share data)
Dividends per share to common stockholders$18.40 $16.40 $14.40 
Dividends to common stockholders$7,645 $6,733 $5,913 
Dividends per share to preferred stockholders$— $80.00 $80.00 
Dividends to preferred stockholders$— $299 $299 
Summary of Stock-Based Compensation Expense
 Fiscal Year
202320222021
(In millions)
Cost of products sold$88 $65 $78 
Cost of subscriptions and services122 82 65 
Research and development1,513 1,048 1,199 
Selling, general and administrative448 338 362 
Total stock-based compensation expense$2,171 $1,533 $1,704 
Estimated income tax benefits for stock-based compensation$367 $255 $283 
Excess income tax benefits for stock-based awards exercised or released$507 $375 $310 
Summary of Market-Based Awards Weighted-Average Assumptions
The following table summarizes the weighted-average assumptions utilized to calculate the fair value of market-based awards granted in the periods presented:
Fiscal Year
202320222021
Risk-free interest rate4.0 %1.4 %0.3 %
Dividend yield3.3 %2.7 %3.0 %
Volatility32.8 %37.1 %39.0 %
Expected term (in years)4.83.43.4
Summary of Restricted Stock Unit Awards
A summary of time- and market-based RSU activity was as follows:
Number of RSUs
Outstanding
Weighted-Average
Grant Date
Fair Value
Per Share
(In millions, except per share data)
Balance as of November 1, 202032 $188.35 
Granted$408.69 
Vested(8)$214.15 
Forfeited(3)$189.84 
Balance as of October 31, 202123 $200.38 
Granted$527.69 
Vested(7)$225.52 
Forfeited(1)$242.82 
Balance as of October 30, 202218 $238.49 
Granted12 $519.78 
Vested(7)$262.48 
Forfeited(1)$307.91 
Balance as of October 29, 2023
22 $389.21