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Fair Value (Tables) | 9 Months Ended
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Jul. 29, 2023
Fair Value Disclosures [Abstract] |
Schedule of fair value of financial assets and liabilities | The tables below, set forth by level, present the Company’s financial assets and liabilities, excluding accrued interest components that were accounted for at fair value on a recurring basis as of July 29, 2023 and October 29, 2022. The tables exclude cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. As of July 29, 2023 and October 29, 2022, the Company held $691.2 million and $1,016.0 million, respectively, of cash that is excluded from the tables below.
| July 29, 2023
| Fair Value measurement at Reporting Date using: |  |
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  |  |  | Total
Assets |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
Government and institutional money market funds | $ | 457,997 |  |  | $ | — |  |  |  |  | $ | 457,997 |
Other assets: |  |  |  |  |  |  |
Deferred compensation plan investments | 80,844 |  |  | — |  |  |  |  | 80,844 |
Forward foreign currency exchange contracts | — |  |  | 8,910 |  |  |  |  | 8,910 |
Total assets measured at fair value | $ | 538,841 |  |  | $ | 8,910 |  |  |  |  | $ | 547,751 |
Liabilities |  |  |  |  |  |  |
Interest rate derivatives (1) | $ | — |  |  | $ | 45,620 |  |  |  |  | $ | 45,620 |
Total liabilities measured at fair value | $ | — |  |  | $ | 45,620 |  |  |  |  | $ | 45,620 |
(1)The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 10, Derivatives, in these Notes to Condensed Consolidated Financial Statements.
| October 29, 2022
| Fair Value measurement at Reporting Date using: |  |
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  |  |  | Total
Assets |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
Government and institutional money market funds | $ | 454,545 |  |  | $ | — |  |  |  |  | $ | 454,545 |
Other assets: |  |  |  |  |  |  |
Deferred compensation plan investments | 63,211 |  |  | — |  |  |  |  | 63,211 |
Total assets measured at fair value | $ | 517,756 |  |  | $ | — |  |  |  |  | $ | 517,756 |
Liabilities |  |  |  |  |  |  |
Forward foreign currency exchange contracts | $ | — |  |  | $ | 16,984 |  |  |  |  | $ | 16,984 |
Total liabilities measured at fair value | $ | — |  |  | $ | 16,984 |  |  |  |  | $ | 16,984 |
Schedule of debt | The table below presents the estimated fair values of certain financial instruments not recorded at fair value on a recurring basis. The fair values of the senior unsecured notes are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy.
| July 29, 2023 |  | October 29, 2022
| Principal Amount Outstanding |  | Fair Value |  | Principal Amount Outstanding |  | Fair Value
2024 Notes, due October 2024 | $ | 500,000 |  |  | $ | 499,598 |  |  | $ | 500,000 |  |  | $ | 491,982 |
2025 Notes, due April 2025 | 400,000 |  |  | 385,529 |  |  | 400,000 |  |  | 383,378 |
2026 Notes, due December 2026 | 900,000 |  |  | 864,607 |  |  | 900,000 |  |  | 851,479 |
Maxim 2027 Notes, due June 2027 | — |  |  | — |  |  | 59,788 |  |  | 54,771 |
2027 Notes, due June 2027 | 440,212 |  |  | 416,545 |  |  | 440,212 |  |  | 410,091 |
2028 Notes, due October 2028 | 750,000 |  |  | 641,711 |  |  | 750,000 |  |  | 621,093 |
2031 Notes, due October 2031 | 1,000,000 |  |  | 819,159 |  |  | 1,000,000 |  |  | 786,772 |
2032 Notes, due October 2032 | 300,000 |  |  | 284,756 |  |  | 300,000 |  |  | 278,359 |
2036 Notes, due December 2036 | 144,278 |  |  | 128,486 |  |  | 144,278 |  |  | 126,274 |
2041 Notes, due October 2041 | 750,000 |  |  | 541,855 |  |  | 750,000 |  |  | 513,709 |
2045 Notes, due December 2045 | 332,587 |  |  | 324,731 |  |  | 332,587 |  |  | 313,931 |
2051 Notes, due October 2051 | 1,000,000 |  |  | 689,039 |  |  | 1,000,000 |  |  | 640,766 |
Total debt | $ | 6,517,077 |  |  | $ | 5,596,016 |  |  | $ | 6,576,865 |  |  | $ | 5,472,605 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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