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v3.24.1.1.u2

Leases (Tables) | 6 Months Ended
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Apr. 28, 2024
Leases [Abstract] |
Schedule of Lease Expense | The components of lease expense and supplemental information were as follows:
| Three Months Ended |  | Six Months Ended
| April 28, 2024 |  | April 30, 2023 |  | April 28, 2024 |  | April 30, 2023
| (In millions, except percentages)
Operating lease cost | $ | 27 |  |  | $ | 39 |  |  | $ | 54 |  |  | $ | 65 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Interest on lease liabilities | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 1 |
Weighted-average remaining lease term (in years) - operating leases |  |  |  |  | 5.8 |  | 6.1
Weighted-average remaining lease term (in years) - finance leases |  |  |  |  | 0.4 |  | 1.4
Weighted-average discount rate - operating leases |  |  |  |  | 3.2% |  | 2.7%
Weighted-average discount rate - finance leases |  |  |  |  | 4.6% |  | 4.6%
Supplemental cash flow information related to leases are as follows:
|  |  | Six Months Ended
|  |  |  |  | April 28, 2024 |  | April 30, 2023
|  |  |  |  | (In millions)
Operating cash flows paid for operating leases |  |  |  |  | $ | 53 |  |  | $ | 65 |
Operating cash flows paid for finance leases |  |  |  |  | $ | 2 |  |  | $ | 1 |
Financing cash flows paid for finance leases |  |  |  |  | $ | 13 |  |  | $ | 9 |
Right-of-use assets obtained in exchange for operating lease liabilities |  |  |  |  | $ | 58 |  |  | $ | 50 |
Right-of-use assets obtained in exchange for finance lease liabilities |  |  |  |  | $ | — |  |  | $ | 109 |
Schedule of Operating Lease, Maturities of Lease Liabilities | As of April 28, 2024, the maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Fiscal | (In millions)
2024 (remaining 6 months) | $ | 47 |  |  | $ | 91 |
2025 | 93 |  |  | — |
2026 | 58 |  |  | — |
2027 | 46 |  |  | — |
2028 | 38 |  |  | — |
Thereafter | 101 |  |  | — |
Total lease payments | $ | 383 |  |  | $ | 91 |
Less imputed interest | (36) |  |  | (2) |
Total | $ | 347 |  |  | $ | 89 |
Schedule of Finance Lease Maturities | As of April 28, 2024, the maturities of lease liabilities are as follows:
| Operating Leases |  | Finance Leases
Fiscal | (In millions)
2024 (remaining 6 months) | $ | 47 |  |  | $ | 91 |
2025 | 93 |  |  | — |
2026 | 58 |  |  | — |
2027 | 46 |  |  | — |
2028 | 38 |  |  | — |
Thereafter | 101 |  |  | — |
Total lease payments | $ | 383 |  |  | $ | 91 |
Less imputed interest | (36) |  |  | (2) |
Total | $ | 347 |  |  | $ | 89 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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