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Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Apr. 26, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments for the indicated periods were as follows:
| Three Months Ended |  |  |  | Six Months Ended |  |
| April 26, 2020 |  | April 28, 2019 |  | April 26, 2020 |  | April 28, 2019
| (In millions) |  |  |  |  |  |
Derivatives in Cash Flow Hedging Relationships: |  |  |  |  |  |  |
Foreign exchange contracts | $ | (3) |  |  |  | $ | 11 |  |  |  | $ | 4 |  |  |  | $ | (5) |
Interest rate contracts | (162) |  |  |  | — |  |  |  | (180) |  |  |  | — |
Total | $ | (165) |  |  | $ | 11 |  |  | $ | (176) |  |  | $ | (5) |
Effect of derivative instruments on the consolidated statement of operations | The effects of derivative instruments and hedging activities on the Consolidated Condensed Statements of Operations were as follows:
| Three Months Ended |  |  |  |  |  |  |  |  |  |
| April 26, 2020 |  |  |  |  |  | April 28, 2019 |  |  |  |
|  |  | Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  | Derivatives in Cash Flow Hedging Relationships |  |
| Total Amount Presented in the Condensed Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded |  | Amount of Gain or (Loss) Reclassified from AOCI into Income |  | Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income |  | Total Amount Presented in the Condensed Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded |  | Amount of Gain or (Loss) Reclassified from AOCI into Income |  | Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income
| (In millions) |  |  |  |  |  |  |  |  |  |
Foreign Exchange Contracts: |  |  |  |  |  |  |  |  |  |  |
Net Sales | $ | 3,957 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 3,539 |  |  | $ | — |  |  | $ | — |
Cost of products sold | $ | 2,208 |  |  | (3) |  |  | (1) |  |  | $ | 2,009 |  |  | (2) |  |  | 4 |
Research, development and engineering | $ | 550 |  |  | (1) |  |  | — |  |  | $ | 508 |  |  | — |  |  | — |
General and administrative | $ | 137 |  |  | — |  |  | — |  |  | $ | 113 |  |  | 2 |  |  | (2) |
Interest Rate Contracts: |  |  |  |  |  |  |  |  |  |  |
Interest expense | $ | 61 |  |  | — |  |  | — |  |  | $ | 60 |  |  | (2) |  |  | — |
|  |  | $ | (2) |  |  | $ | — |  |  |  |  | $ | (2) |  |  | $ | 2 |
| Six Months Ended |  |  |  |  |  |  |  |  |  |
| April 26, 2020 |  |  |  |  |  | April 28, 2019 |  |  |  |
|  |  | Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  | Derivatives in Cash Flow Hedging Relationships |  |
| Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded |  | Amount of Gain or (Loss) Reclassified from AOCI into Income |  | Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income |  | Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded |  | Amount of Gain or (Loss) Reclassified from AOCI into Income |  | Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income
| (In millions) |  |  |  |  |  |  |  |  |  |
Foreign Exchange Contracts: |  |  |  |  |  |  |  |  |  |  |
Net Sales | $ | 8,119 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 7,292 |  |  | $ | — |  |  | $ | — |
Cost of products sold | $ | 4,512 |  |  | (1) |  |  | (1) |  |  | $ | 4,097 |  |  | 10 |  |  | 9 |
Research, development and engineering | $ | 1,102 |  |  | — |  |  | — |  |  | $ | 1,024 |  |  | — |  |  | — |
Marketing and selling | $ | 265 |  |  | — |  |  | — |  |  | $ | 264 |  |  | — |  |  | — |
General and administrative | $ | 266 |  |  | — |  |  | — |  |  | $ | 223 |  |  | (3) |  |  | (3) |
Interest Rate Contracts: |  |  |  |  |  |  |  |  |  |  |
Interest expense | $ | 120 |  |  | (1) |  |  | — |  |  | $ | 120 |  |  | (2) |  |  | — |
|  |  | $ | (1) |  |  | $ | 2 |  |  |  |  | $ | 5 |  |  | $ | 6 |
Derivatives not designated as hedging instruments in statement of operations |
|  |  | Amount of Gain or (Loss) Recognized in Income |  |  |  |  |  |
|  |  | Three Months Ended |  |  |  | Six Months Ended |  |
| Location of Gain or (Loss) Recognized in Income |  | April 26, 2020 |  | April 28, 2019 |  | April 26, 2020 |  | April 28, 2019
|  |  | (In millions) |  |  |  |  |  |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | General and administrative |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | (4) |
Foreign exchange contracts |  | Interest and other income, net |  | (8) |  |  | — |  |  | (4) |  |  | — |
Total return swaps - deferred compensation |  | Cost of products sold |  | (1) |  |  | — |  |  | (1) |  |  | — |
Total return swaps - deferred compensation |  | Operating expenses |  | (10) |  |  | — |  |  | (10) |  |  | — |
Total return swaps - deferred compensation |  | Interest and other income, net |  | (1) |  |  | — |  |  | (1) |  |  | — |
Total |  |  |  | $ | (20) |  |  | $ | 6 |  |  | $ | (16) |  |  | $ | (4) |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959 + Details
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