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Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables) | 12 Months Ended
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Oct. 26, 2025
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Income (Loss), After-Tax Basis | Changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:
| Unrealized Gain (Loss) on Investments, Net |  | Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges |  | Defined and Postretirement Benefit Plans |  | Cumulative Translation Adjustments |  | Total
| (In millions)
Balance at October 30, 2022 | $ | (75) |  |  | $ | (52) |  |  | $ | (88) |  |  | $ | 13 |  |  | (202) |
Other comprehensive income (loss) before reclassifications | 16 |  |  | (44) |  |  | 17 |  |  | — |  |  | (11) |
Amounts reclassified out of AOCI | 9 |  |  | (22) |  |  | 9 |  |  | — |  |  | (4) |
Other comprehensive income (loss), net of tax | 25 |  |  | (66) |  |  | 26 |  |  | — |  |  | (15) |
Balance at October 29, 2023 | $ | (50) |  |  | $ | (118) |  |  | $ | (62) |  |  | $ | 13 |  |  | $ | (217) |
Other comprehensive income (loss) before reclassifications | 34 |  |  | 28 |  |  | — |  |  | — |  |  | 62 |
Amounts reclassified out of AOCI | 9 |  |  | 3 |  |  | (25) |  |  | — |  |  | (13) |
Other comprehensive income, net of tax | 43 |  |  | 31 |  |  | (25) |  |  | — |  |  | 49 |
Balance at October 27, 2024 | $ | (7) |  |  | $ | (87) |  |  | $ | (87) |  |  | $ | 13 |  |  | $ | (168) |
Other comprehensive income (loss) before reclassifications | 17 |  |  | 58 |  |  | — |  |  | — |  |  | 75 |
Amounts reclassified out of AOCI | 1 |  |  | (5) |  |  | (13) |  |  | — |  |  | (17) |
Other comprehensive income (loss), net of tax | 18 |  |  | 53 |  |  | (13) |  |  | — |  |  | 58 |
Balance at October 26, 2025 | $ | 11 |  |  | $ | (34) |  |  | $ | (100) |  |  | $ | 13 |  |  | $ | (110) |
Schedule of Stock Repurchases | The following table summarizes our stock repurchases, including and excluding excise tax, for each fiscal year:
| 2025 |  | 2024 |  | 2023
| (In millions, except per share amounts)
Shares of common stock repurchased | 30 |  |  | 20 |  |  | 18 |
Cost of stock repurchased (including excise tax)* | $ | 4,893 |  |  | $ | 3,851 |  |  | $ | 2,202 |
Average price paid per share (including excise tax)* | $ | 162.85 |  |  | $ | 190.27 |  |  | $ | 123.63 |
Cost of stock repurchased (excluding excise tax) | $ | 4,853 |  |  | $ | 3,823 |  |  | $ | 2,189 |
Average price paid per share (excluding excise tax) | $ | 161.54 |  |  | $ | 188.87 |  |  | $ | 122.89 |
(*) Stock repurchase amounts include the 1% surcharge on stock repurchases under the Inflation Reduction Act’s excise tax. This excise tax is recorded in equity and reduces the amount available under the repurchase program, as applicable.
Schedule of Effect of Share-Based Compensation on the Results of Operations | The effect of share-based compensation on the results of operations and the related tax benefits for each fiscal year were as follows:
| 2025 |  | 2024 |  | 2023
| (In millions)
Cost of products sold | $ | 158 |  |  | $ | 134 |  |  | $ | 180 |
Research, development, and engineering | 259 |  |  | 219 |  |  | 179 |
Marketing and selling | 85 |  |  | 72 |  |  | 55 |
General and administrative | 166 |  |  | 152 |  |  | 76 |
Restructuring charges* | (8) |  |  | — |  |  | — |
Total share-based compensation | $ | 660 |  |  | $ | 577 |  |  | $ | 490 |
Income tax benefits recognized | $ | 80 |  |  | $ | 73 |  |  | $ | 63 |
(*) Amount related to modification of share-based awards associated with the Fiscal 2025 Restructuring Plan.
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The following tables summarize the assumptions used for the valuation of share-based awards for the periods presented:
| 2025 |  | 2024 |  | 2023
Service-Based Awards and the portion of Performance-Based Awards subject to performance goals: |  |  |  |  |
Grant date market value | $138.24 - $223.91 |  | $148.39 - $241.26 |  | $104.22 - $143.97
Risk-free interest rate | 3.56% - 4.52% |  | 3.48% - 5.37% |  | 3.64% - 5.48%
Dividend yield | 1.18% - 3.48% |  | 0.72% - 2.62% |  | 0.70% - 3.59%
Fair value | $134.61 - $220.09 |  | $144.79 - $237.94 |  | $102.09 - $141.33
| 2025 |  | 2024 |  | 2023
Portion of Performance-Based Awards subject to market goals: |  |  |  |  |
Grant date market value | $169.08 |  | $148.39 - $173.89 |  | $109.37
Risk-free interest rate | 4.10% |  | 4.24% - 4.30% |  | 4.10%
Dividend yield | 0.95% |  | 0.74% - 0.86% |  | 0.95%
Expected volatility | 42.65% |  | 40.99% - 43.35% |  | 52.38%
Fair value | $183.40 |  | $195.32 - $249.37 |  | $162.72
Schedule of Changes in Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units | A summary of the changes in restricted stock units, restricted stock, performance share units and performance units outstanding under our equity compensation plans during fiscal 2025 is presented below:
| Shares |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
| (In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 27, 2024 | 10 |  |  | $ | 129.31 |  |  |  |  |
Granted | 5 |  |  | $ | 165.66 |  |  |  |  |
Vested | (5) |  |  | $ | 126.15 |  |  |  |  |
Canceled | (1) |  |  | $ | 139.50 |  |  |  |  |
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 26, 2025 | 9 |  |  | $ | 148.43 |  |  | 2.3 years |  | $ | 2,086 |
Non-vested restricted stock units, restricted stock, performance share units and performance units expected to vest | 9 |  |  | $ | 148.23 |  |  | 2.2 years |  | $ | 2,029 |
A summary of the weighted-average grant date fair value per share of the granted restricted stock units, restricted stock, performance share units and performance units and total fair value vested awards for indicated periods is presented below:
| 2025 |  | 2024 |  | 2023
| (In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted | $ | 165.66 |  |  | $ | 149.20 |  |  | $ | 104.00 |
Total fair value of vested awards | $ | 647 |  |  | $ | 527 |  |  | $ | 367 |
Schedule of Employee Stock Purchase Plan | Underlying assumptions used in the model are outlined in the following table:
| 2025 |  | 2024 |  | 2023
ESPP: |  |  |  |  |
Dividend yield | 1.19 | % |  | 0.82 | % |  | 0.98 | %
Expected volatility | 42.0 | % |  | 40.1 | % |  | 39.4 | %
Risk-free interest rate | 4.13 | % |  | 5.03 | % |  | 5.29 | %
Expected life (in years) | 0.5 |  | 0.5 |  | 0.5
Weighted average estimated fair value | $42.04 |  | $52.31 |  | $35.31

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