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Earnings Per Share | 6 Months Ended
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Apr. 28, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share is determined using the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined using the weighted average number of common shares and potential common shares (representing the dilutive effect of restricted stock units and employee stock purchase plan shares) outstanding during the period. Our net income has not been adjusted for any period presented for purposes of computing basic or diluted earnings per share due to our non-complex capital structure.
| Three Months Ended |  | Six Months Ended
| April 28, 2024 |  | April 30, 2023 |  | April 28, 2024 |  | April 30, 2023
| (In millions, except per share amounts)
Numerator: |  |  |  |  |  |  |
Net income | $ | 1,722 |  |  | $ | 1,575 |  |  | $ | 3,741 |  |  | $ | 3,292 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 830 |  |  | 843 |  |  | 831 |  |  | 844 |
Effect of weighted dilutive restricted stock units and employee stock purchase plan shares | 6 |  |  | 4 |  |  | 6 |  |  | 4 |
Denominator for diluted earnings per share | 836 |  |  | 847 |  |  | 837 |  |  | 848 |
Basic earnings per share | $ | 2.08 |  |  | $ | 1.87 |  |  | $ | 4.50 |  |  | $ | 3.90 |
Diluted earnings per share | $ | 2.06 |  |  | $ | 1.86 |  |  | $ | 4.47 |  |  | $ | 3.88 |
Potentially weighted dilutive securities | — |  |  | 2 |  |  | — |  |  | 2 |
Excluded from the calculation of diluted earnings per share are securities attributable to outstanding restricted stock units where the combined exercise price and average unamortized fair value are greater than the average market price of our common stock, and therefore their inclusion would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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