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Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables) | 9 Months Ended
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Jul. 27, 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 as of October 27, 2024 | $ | (7) |  |  | $ | (87) |  |  | $ | (87) |  |  | $ | 13 |  |  | $ | (168) |
Other comprehensive income (loss) before reclassifications | 7 |  |  | 57 |  |  | — |  |  | — |  |  | 64 |
Amounts reclassified out of AOCI | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Other comprehensive income (loss), net of tax | 7 |  |  | 59 |  |  | — |  |  | — |  |  | 66 |
Balance as of July 27, 2025 | $ | — |  |  | $ | (28) |  |  | $ | (87) |  |  | $ | 13 |  |  | $ | (102) |
| 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 as of October 29, 2023 | $ | (50) |  |  | $ | (118) |  |  | $ | (62) |  |  | $ | 13 |  |  | $ | (217) |
Other comprehensive income (loss) before reclassifications | 27 |  |  | 44 |  |  | — |  |  | — |  |  | 71 |
Amounts reclassified out of AOCI | 9 |  |  | — |  |  | (9) |  |  | — |  |  | — |
Other comprehensive income (loss), net of tax | 36 |  |  | 44 |  |  | (9) |  |  | — |  |  | 71 |
Balance as of July 28, 2024 | $ | (14) |  |  | $ | (74) |  |  | $ | (71) |  |  | $ | 13 |  |  | $ | (146) |
Schedule of Stock Repurchases | The following table summarizes our stock repurchases, including and excluding excise tax, for the three and nine months ended July 27, 2025 and July 28, 2024:
| Three Months Ended |  | Nine Months Ended
| July 27, 2025 |  | July 28, 2024 |  | July 27, 2025 |  | July 28, 2024
| (in millions, except per share amount)
Shares of common stock repurchased | 6 |  |  | 4 |  |  | 25 |  |  | 13 |
Cost of stock repurchased (including excise tax)* | $ | 1,038 |  |  | $ | 868 |  |  | $ | 4,037 |  |  | $ | 2,398 |
Average price paid per share (including excise tax)* | $ | 164.47 |  |  | $ | 222.82 |  |  | $ | 160.95 |  |  | $ | 189.90 |
Cost of stock repurchased (excluding excise tax) | $ | 1,028 |  |  | $ | 861 |  |  | $ | 4,003 |  |  | $ | 2,381 |
Average price paid per share (excluding excise tax) | $ | 162.97 |  |  | $ | 221.27 |  |  | $ | 159.60 |  |  | $ | 188.60 |
(*) 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 was as follows:
| Three Months Ended |  | Nine Months Ended
| July 27, 2025 |  | July 28, 2024 |  | July 27, 2025 |  | July 28, 2024
| (In millions)
Cost of products sold | $ | 40 |  |  | $ | 33 |  |  | $ | 118 |  |  | $ | 98 |
Research, development and engineering | 65 |  |  | 53 |  |  | 196 |  |  | 163 |
Marketing and selling | 21 |  |  | 17 |  |  | 63 |  |  | 53 |
General and administrative | 32 |  |  | 29 |  |  | 135 |  |  | 122 |
Total share-based compensation | $ | 158 |  |  | $ | 132 |  |  | $ | 512 |  |  | $ | 436 |
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 the nine months ended July 27, 2025 is presented below:
| Shares |  | Weighted Average Grant Date Fair Value |  |  |  |
| (In millions, except per share amounts) |  |
Outstanding as of October 27, 2024 | 10 |  |  | $ | 129.31 |  |  |  |  |
Granted | 4 |  |  | $ | 166.59 |  |  |  |  |
Vested | (4) |  |  | $ | 127.02 |  |  |  |  |
Canceled | — |  |  | $ | 137.99 |  |  |  |  |
Outstanding as of July 27, 2025 | 10 |  |  | $ | 145.58 |  |  |  |  |
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:
| Nine Months Ended
| July 27, 2025 |  | July 28, 2024
| (In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted | $ | 166.59 |  |  | $ | 148.07 |
Total fair value of vested awards | $ | 522 |  |  | $ | 468 |
Schedule of Employee Stock Purchase Plan | Underlying assumptions used in the model are outlined in the following table:
| Nine Months Ended
| July 27, 2025 |  | July 28, 2024
Dividend yield | 1.21% |  | 0.76%
Expected volatility | 42.3% |  | 35.6%
Risk-free interest rate | 4.27% |  | 5.27%
Expected life (in years) | 0.5 |  | 0.5
Weighted average estimated fair value | $41.47 |  | $53.98

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