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Stock-Based Compensation (Tables) | 12 Months Ended
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Oct. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of reconciliation of the number of options outstanding and exercisable | A reconciliation of the number of options outstanding and exercisable as of October 31, 2021, is:
|  | Shares (in thousands) |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (in thousands)
Stock Options Outstanding at October 25, 2020 |  | 21,073 |  |  | $ | 30.39 |  |  |  |  |
Granted |  | 1,277 |  |  | 47.45 |  |  |  |  |
Exercised |  | (3,050) |  |  | 17.61 |  |  |  |  |
Forfeited |  | (277) |  |  | 37.23 |  |  |  |  |
Expired |  | (1) |  |  | 36.25 |  |  |  |  |
Stock Options Outstanding at October 31, 2021 |  | 19,022 |  |  | $ | 33.49 |  |  | 4.9 |  | $ | 182,432 |
Stock Options Exercisable at October 31, 2021 |  | 13,047 |  |  | $ | 29.91 |  |  | 3.8 |  | $ | 164,766 |
Schedule of weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised | The weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised during each of the past three fiscal years, are:
|  | Fiscal Year Ended
|  | October 31, |  | October 25, |  | October 27,
(in thousands, except per share amounts) |  | 2021 |  | 2020 |  | 2019
Weighted-average Grant Date Fair Value |  | $ | 7.52 |  |  | $ | 7.71 |  |  | $ | 9.24 |
Intrinsic Value of Exercised Options |  | 94,108 |  |  | 182,821 |  |  | 138,282 |
Schedule of weighted-average assumptions used to calculate fair value of each option award | The fair value of each option award is calculated on the date of grant using the Black-Scholes valuation model utilizing the following weighted-average assumptions:
|  | Fiscal Year Ended
|  | October 31, |  | October 25, |  | October 27,
|  | 2021 |  | 2020 |  | 2019
Risk-free Interest Rate |  | 1.0 | % |  | 1.7 | % |  | 2.8 | %
Dividend Yield |  | 2.1 | % |  | 2.0 | % |  | 1.9 | %
Stock Price Volatility |  | 20.0 | % |  | 19.0 | % |  | 19.0 | %
Expected Option Life |  | 7.4 years |  | 7.5 years |  | 8.0 years
Schedule of reconciliation of the nonvested shares | A reconciliation of the restricted stock units as of October 31, 2021, is:
|  | Shares (in thousands) |  | Weighted- Average Grant Date Fair Value | Weighted-Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value (in thousands)
Restricted Stock Units Outstanding at October 25, 2020 |  | 188 |  |  | $ | 45.91 |  |  |
Granted |  | 225 |  |  | 47.52 |  |  |
Dividend Equivalents |  | 6 |  |  | 46.62 |  |  |
Vested |  | (31) |  |  | 46.56 |  |  |
Forfeited |  | (3) |  |  | 46.52 |  |  |
Restricted Stock Units Outstanding at October 31, 2021 |  | 385 |  |  | $ | 46.81 |  | 1.7 | $ | 16,277 |
A reconciliation of the restricted shares as of October 31, 2021, is:
(in thousands, except per share amounts) |  | Shares |  | Weighted- Average Grant Date Fair Value
Restricted Shares Outstanding at October 25, 2020 |  | 45 |  |  | $ | 47.03 |
Granted |  | 38 |  |  | 46.92 |
Vested |  | (45) |  |  | 47.03 |
Restricted Shares Outstanding at October 31, 2021 |  | 38 |  |  | $ | 46.92 |
Schedule of the weighted-average grant date fair value and fair value of nonvested shares granted | The weighted-average grant date fair value of restricted stock units granted and the total fair value of restricted stock units granted during each of the past three fiscal years, are:
|  | Fiscal Year Ended
|  | October 31, |  | October 25, |  | October 27,
(in thousands, except per share amounts) |  | 2021 |  | 2020 |  | 2019
Weighted-average Grant Date Fair Value |  | $ | 47.52 |  |  | $ | 45.88 |  |  | $ | — |
Fair Value of Restricted Stock Units Granted |  | 10,699 |  |  | 9,383 |  |  | — |
Fair Value of Restricted Stock Units Vested |  | $ | 1,460 |  |  | $ | 839 |  |  | $ | — |
The weighted-average grant date fair value of restricted shares granted, the total fair value of restricted shares granted, and the fair value of shares that have vested during each of the past three fiscal years are:
|  | Fiscal Year Ended
|  | October 31, |  | October 25, |  | October 27,
(in thousands, except per share amounts) |  | 2021 |  | 2020 |  | 2019
Weighted-average Grant Date Fair Value |  | $ | 46.92 |  |  | $ | 47.29 |  |  | $ | 42.23 |
Fair Value of Restricted Shares Granted |  | 1,760 |  |  | 1,973 |  |  | 2,134 |
Fair Value of Restricted Shares Vested |  | $ | 2,133 |  |  | $ | 1,974 |  |  | $ | 1,760 |

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- Definition Tabular disclosure of the weighted-average grant-date fair value of stock options granted during the period, and total intrinsic value of options exercised in the period. + References No definition available. + Details
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- Definition Tabular disclosure of the weighted-average grant date fair value of nonvested shares granted, the total fair value of nonvested shares granted, and the fair value of nonvested shares that have vested during the period. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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