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Supplemental Financial Information
 6 Months Ended
May 05, 2024
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Cash Equivalents
Cash equivalents included $1,382 million and $1,470 million of time deposits and $1,438 million and $1,650 million of money-market funds as of May 5, 2024 and October 29, 2023, 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 condensed consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $1,250 million and $2,500 million during the fiscal quarter and two fiscal quarters ended May 5, 2024, respectively, and $900 million and $1,925 million during the fiscal quarter and two fiscal quarters ended April 30, 2023, respectively.
Inventory
May 5,
2024		October 29,
2023
(In millions)
Finished goods$569 $676 
Work-in-process866 901 
Raw materials407 321 
Total inventory$1,842 $1,898 
Assets and Liabilities Held-for-Sale
In connection with the VMware Merger, we classified VMware’s EUC business and certain other assets and liabilities, which were not aligned with our strategic objectives, as assets and liabilities held-for-sale. The carrying value of these assets and liabilities as of May 5, 2024 represented the fair value determined in the preliminary purchase price allocation of the VMware Merger, adjusted for operating activities since the date of the VMware Merger. As of May 5, 2024, the carrying values of these assets, net of liabilities, approximated the expected selling prices.
May 5, 2024
EUC
Other
Total
(In millions)
Assets held-for-sale:
Goodwill$2,268 $— $2,268 
Intangible assets, net2,545 — 2,545 
Other assets57 351 408 
Total assets held-for-sale$4,870 $351 $5,221 
Liabilities held-for-sale:$1,581 $176 $1,757 
Discontinued Operations
We have presented the operating results of these assets and liabilities held-for-sale in discontinued operations as follows:
Fiscal Quarter Ended May 5, 2024Two Fiscal Quarters Ended May 5, 2024
(In millions)
Net revenue$329 $680 
Income from discontinued operations before income taxes
$11 $69 
Provision for income taxes
(11)(18)
Income from discontinued operations, net of income taxes
$— $51 
Other Current Assets
May 5,
2024		October 29,
2023
(In millions)
Assets held-for-sale$5,221 $— 
Prepaid expenses1,742 743 
Other 1,188 863 
Total other current assets $8,151 $1,606 
Other Current Liabilities
May 5,
2024		October 29,
2023
(In millions)
Contract liabilities$10,519 $2,487 
Liabilities held-for-sale1,757 — 
Tax liabilities1,127 473 
Interest payable450 380 
Other 1,066 312 
Total other current liabilities$14,919 $3,652 
Other Long-Term Liabilities
May 5,
2024		October 29,
2023
(In millions)
Unrecognized tax benefits$3,209 $2,792 
Contract liabilities6,183 299 
Deferred tax liabilities2,219 99 
Other 1,878 657 
Total other long-term liabilities$13,489 $3,847 
Supplemental Cash Flow Information
Fiscal Quarter EndedTwo Fiscal Quarters Ended
May 5,
2024		April 30,
2023		May 5,
2024		April 30,
2023
(In millions)
Cash paid for interest$946 $397 $1,696 $758 
Cash paid for income taxes$834 $891 $1,738 $1,164