0000006951-24-000044 | 10-K | XBRL Viewer

Print Document

Balance Sheet Detail - Accounts Payable and Accrued Expense (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Accounts Payable and Accrued Expenses
Accounts payable	$ 1,570	$ 1,478
Compensation and employee benefits	1,188	1,024
Warranty	364	332
Dividends payable	327	267
Income taxes payable	535	282
Operating lease liabilities, current	$ 87	$ 84
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Finance lease liabilities, current	$ 0	$ 102
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Other	$ 749	$ 728
Accounts payable and accrued expenses	$ 4,820	$ 4,297

Earnings Per Share (Tables)

12 Months Ended

Oct. 27, 2024

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share


Fiscal Year	2024		2023		2022

	(In millions, except per share amounts)
Numerator:
Net income	$	7,177	$	6,856	$	6,525
Denominator:
Weighted average common shares outstanding	827		840		871
Effect of weighted dilutive restricted stock units and employee stock purchase plan shares	7		5		6
Denominator for diluted earnings per share	834		845		877
Basic earnings per share	$	8.68	$	8.16	$	7.49
Diluted earnings per share	$	8.61	$	8.11	$	7.44
Potentially weighted dilutive securities	—		—		3

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Weighted-Average Grant Date Fair Value Per Share and Total Fair Value Vested Awards (Details) - Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share of awards granted (in shares)	$ 149.20	$ 104.00	$ 132.44
Total fair value of vested awards	$ 527	$ 367	$ 285

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Balance Sheet Detail - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Balance Sheet Detail [Abstract]
Depreciation	$ 346	$ 471	$ 404
Government assistance, asset, decrease	$ 479
Government Assistance, Asset, Decrease, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net
Government assistance, operating expense, decrease	$ 38
Government Assistance, Operating Expense, Decrease (Increase), Statement of Income or Comprehensive Income [Extensible Enumeration]	Research and Development Expense
Government assistance, liability, decrease	$ 170
Government Assistance, Liability, Decrease, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued expenses, Deferred Income Taxes and Other Assets, Noncurrent
Government assistance, liability, decrease, current	$ 159
Government Assistance, Liability, Decrease, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued expenses
Government assistance, liability, decrease, noncurrent	$ 11
Government Assistance, Liability, Decrease, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Deferred Income Taxes and Other Assets, Noncurrent

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Share-Based Compensation (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 577	$ 490	$ 413
Income tax benefits recognized	73	63	51
Cost of products sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	134	180	147
Research, development, and engineering
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	219	179	151
Marketing and selling
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	72	55	49
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 152	$ 76	$ 66

Cash, Cash Equivalents and Investments (Tables)

12 Months Ended

Oct. 27, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Investments

The following tables summarize our cash, cash equivalents and investments by security type:


October 27, 2024	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,313	$	—	$	—	$	1,313
Cash equivalents:
Money market funds*	3,421		—		—		3,421
Bank certificates of deposit and time deposits	90		—		—		90
U.S. Treasury and agency securities	1,394		—		—		1,394

Municipal securities	19		—		—		19
Commercial paper, corporate bonds and medium-term notes	1,785		—		—		1,785

Total cash equivalents	6,709		—		—		6,709
Total cash and cash equivalents	$	8,022	$	—	$	—	$	8,022
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	13	$	—	$	—	$	13
U.S. Treasury and agency securities	1,306		—		2		1,304
Non-U.S. government securities**	5		—		—		5
Municipal securities	441		2		2		441
Commercial paper, corporate bonds and medium-term notes	803		4		2		805
Asset-backed and mortgage-backed securities	656		3		5		654
Total fixed income securities	3,224		9		11		3,222
Publicly traded equity securities	543		185		5		723
Equity investments in privately held companies	255		58		22		291
Total equity investments	798		243		27		1,014
Total short-term and long-term investments	$	4,022	$	252	$	38	$	4,236
Total cash, cash equivalents and investments	$	12,044	$	252	$	38	$	12,258

_________________________

*Excludes $91 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.


October 29, 2023	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,417	$	—	$	—	$	1,417
Cash equivalents:
Money market funds*	3,260		—		—		3,260


Municipal securities	26		—		—		26
Commercial paper, corporate bonds and medium-term notes	1,429		—		—		1,429
Total cash equivalents	4,715		—		—		4,715
Total cash and cash equivalents	$	6,132	$	—	$	—	$	6,132
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	18	$	—	$	—	$	18
U.S. Treasury and agency securities	381		—		7		374
Non-U.S. government securities**	7		—		1		6
Municipal securities	438		—		11		427
Commercial paper, corporate bonds and medium-term notes	760		—		12		748
Asset-backed and mortgage-backed securities	502		—		15		487
Total fixed income securities	2,106		—		46		2,060
Publicly traded equity securities	543		171		16		698
Equity investments in privately held companies	192		78		10		260
Total equity investments	735		249		26		958
Total short-term and long-term investments	$	2,841	$	249	$	72	$	3,018
Total cash, cash equivalents and investments	$	8,973	$	249	$	72	$	9,150

________________________

*Excludes $101 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

Schedule of Contractual Maturities of Investments

The following table summarizes the contractual maturities of our investments at October 27, 2024:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	1,405	$	1,403
Due after one through five years	1,163		1,165

No single maturity date*	1,454		1,668
Total	$	4,022	$	4,236

_________________________

*Securities with no single maturity date include publicly traded and privately held equity securities and asset-backed and mortgage-backed securities.

Schedule of Components of Gain (Loss) on Equity Investment

The components of gain (loss) on equity investments for each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Publicly traded equity securities
Unrealized gain	$	332	$	193	$	30
Unrealized loss	(287)		(44)		(62)
Realized gain on sales and dividends	5		9		7
Realized loss on sales or impairment	(1)		(4)		—
Equity investments in privately held companies
Unrealized gain	3		15		41
Unrealized loss	(17)		(30)		(5)
Realized gain on sales and dividends	4		9		3
Realized loss on sales or impairment	(19)		(121)		(7)
Total gain (loss) on equity investments, net	$	20	$	27	$	7

Guarantees, Commitments and Contingencies (Details) $ in Millions	Oct. 27, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Maximum potential amount of future payments for letters of credit or other guarantee instruments	$ 284
Parent guarantees to banks	$ 292

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Billions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Time period for hedging of foreign currency transactions	24 months
Time period over which majority of after tax gain loss related to derivatives to be reclassified into earnings	12 months
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 2.0	$ 1.7

Borrowing Facilities and Debt (Tables)

12 Months Ended

Oct. 27, 2024

Debt Disclosure [Abstract]

Schedule of Debt Outstanding

Debt outstanding as of October 27, 2024 and October 29, 2023 was as follows:


	Principal Amount
	October 27, 2024		October 29, 2023		Effective Interest Rate	Interest Pay Dates
	(In millions)
Current portion of long-term debt:
3.900% Senior Notes Due 2025	$	700	$	—	3.944%	April 1, October 1
Total current portion of long-term debt	$	700	$	—
Long-term debt:

3.900% Senior Notes Due 2025	$	—	$	700	3.944%	April 1, October 1
3.300% Senior Notes Due 2027	1,200		1,200		3.342%	April 1, October 1
4.800% Senior Notes Due 2029	700		—		4.844%	June 15, December 15
1.750% Senior Notes Due 2030	750		750		1.792%	June 1, December 1
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
5.850% Senior Notes Due 2041	600		600		5.879%	June 15, December 15
4.350% Senior Notes Due 2047	1,000		1,000		4.361%	April 1, October 1
2.750% Senior Notes Due 2050	750		750		2.773%	June 1, December 1
	5,500		5,500
Total unamortized discount	(10)		(11)
Total unamortized debt issuance costs	(30)		(28)
Total long-term debt	$	5,460	$	5,461

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Oct. 27, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Employee Bonus Plans We have various employee bonus plans. A discretionary bonus plan provides for the distribution of a percentage of pre-tax income to our employees who are not participants in other performance-based incentive plans, up to a maximum percentage of eligible compensation. Other plans provide for bonuses to our executives and other key contributors based on the achievement of profitability and/or other specified performance criteria. Charges under these plans for fiscal 2024, 2023 and 2022 were $837 million, $702 million and $623 million, respectively. Defined Benefit Pension Plans of Foreign Subsidiaries and Other Postretirement Benefits Several of our foreign subsidiaries have defined benefit pension plans covering substantially all of their eligible employees. Benefits under these plans are typically based on years of service and final average compensation levels. The plans are managed in accordance with applicable local statutes and practices. We deposit funds for certain of these plans with insurance companies, pension trustees, government-managed accounts, and/or accrue the expense for the unfunded portion of the benefit obligation on our Consolidated Financial Statements. Our practice is to fund the various pension plans in amounts sufficient to meet the minimum requirements as established by applicable local governmental oversight and taxing authorities. Depending on the design of the plan, local custom and market circumstances, the liabilities of a plan may exceed the qualified plan assets. The differences between the aggregate projected benefit obligations and aggregate plan assets of these plans have been recorded as liabilities by us and are included in other liabilities and accrued expenses in the Consolidated Balance Sheets. The net funded status and periodic benefit cost were not material for fiscal 2024, 2023 and 2022. Our investment strategy for our defined benefit plans is to invest plan assets in a prudent manner, maintaining well-diversified portfolios with the long-term objective of meeting the obligations of the plans as they come due. Asset allocation decisions are typically made by plan fiduciaries with input from our international pension committee. Our asset allocation strategy incorporates a sufficient equity exposure in order for the plans to benefit from the expected better long-term performance of equities relative to the plans’ liabilities. We retain investment managers, where appropriate, to manage the assets of the plans. Performance of investment managers is monitored by plan fiduciaries with the assistance of local investment consultants. The investment managers make investment decisions within the guidelines set forth by plan fiduciaries. Risk management practices include diversification across asset classes and investment styles, and periodic rebalancing toward target asset allocation ranges. Investment managers may use derivative instruments for efficient portfolio management purposes. Asset return assumptions are derived based on actuarial and statistical methodologies, from analysis of long-term historical data relevant to the country in which each plan is in effect and the investments applicable to the corresponding plan. The discount rate for each plan was derived by reference to appropriate benchmark yields on high quality corporate bonds, allowing for the approximate duration of both plan obligations and the relevant benchmark yields. Executive Deferred Compensation Plans We sponsor two unfunded deferred compensation plans, the Executive Deferred Compensation Plan (Predecessor EDCP) and the 2016 Deferred Compensation Plan (2016 DCP) (formerly known as the 2005 Executive Deferred Compensation Plan), under which certain employees may elect to defer a portion of their following year’s eligible earnings. The Predecessor EDCP was frozen as of December 31, 2004 such that no new deferrals could be made under the plan after that date and the plan would qualify for “grandfather” relief under Section 409A of the Code. The Predecessor EDCP participant accounts continue to be maintained under the plan and credited with deemed interest. The 2016 DCP was originally implemented by us effective as of January 1, 2005, and amended and restated as of October 12, 2015, and is intended to comply with the requirements of Section 409A of the Code. In addition, we also sponsor a non-qualified deferred compensation plan as a result of a previous acquisition. Amounts payable for all plans, including accrued deemed interest, totaled $357 million and $245 million at October 27, 2024 and October 29, 2023, respectively, which were included in other liabilities in the Consolidated Balance Sheets.

Cash, Cash Equivalents and Investments - Summary of Contractual Maturity (Details) $ in Millions	Oct. 27, 2024 USD ($)
Contractual maturities of investments [Abstract]
Due in one year or less, cost	$ 1,405
Due after one through five years, cost	1,163
No single maturity date, cost	1,454
Total short-term and long-term investments cost	4,022
Due in one year or less, estimated fair value	1,403
Due after one through five years, estimated fair value	1,165
No single maturity date, estimated fair value	1,668
Estimated fair value of short-term and long-term investments	$ 4,236

Industry Segment Operations - Schedule of Goodwill by Reportable Segment (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Segment Reporting Information [Line Items]
Goodwill	$ 3,732	$ 3,732
Operating Segments \| Semiconductor Systems
Segment Reporting Information [Line Items]
Goodwill	2,460	2,460
Operating Segments \| Applied Global Services
Segment Reporting Information [Line Items]
Goodwill	1,032	1,032
Operating Segments \| Display
Segment Reporting Information [Line Items]
Goodwill	199	199
Corporate and Other
Segment Reporting Information [Line Items]
Goodwill	$ 41	$ 41

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Goodwill and Intangible Assets (Details) - USD ($)	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment	$ 0	$ 0	$ 0
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives	15 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards	12 Months Ended
	Oct. 27, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Recently Adopted Accounting Standards	Summary of Significant Accounting Policies and Recently Adopted Accounting Standards Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Applied Materials, Inc. and its subsidiaries (we, us, and our) after elimination of intercompany balances and transactions. All references to a fiscal year apply to our fiscal year which ends on the last Sunday in October. Fiscal 2024, 2023 and 2022 each contained 52 weeks. Each fiscal quarter of 2024, 2023 and 2022 contained 13 weeks. Certain prior-year amounts have been reclassified to conform to current-year presentation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, we evaluate our estimates, including those related to standalone selling price (SSP) related to revenue recognition, accounts receivable and sales allowances, fair values of financial instruments, inventories, intangible assets and goodwill, useful lives of intangible assets and property, plant and equipment, fair values of share-based awards, warranty, and income taxes, among others. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Cash Equivalents All highly-liquid investments with a remaining maturity of three months or less at the time of purchase are considered to be cash equivalents. Cash equivalents consist primarily of investments in institutional money market funds and investment grade commercial paper. Investments All of our investments, except equity investments, are classified as available-for-sale at the respective balance sheet dates. Investments classified as available-for-sale are measured and recorded in the Consolidated Balance Sheets at fair value, and unrealized gains and losses, net of tax, are reported as a separate component of other comprehensive income. Interest earned on cash and investments, as well as realized gains and losses on sale of securities, are included in interest and other income, net in the Consolidated Statements of Operations. Our equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market. Privately held equity investments without readily determinable fair value are measured at cost, less impairment, adjusted by observable price changes. Adjustments resulting from impairments and observable price changes are recorded in interest and other income, net in the Consolidated Statements of Operations. Investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments. Fair Value Measurements Our financial assets are measured and recorded at fair value on a recurring basis, except for equity investments in privately held companies. These equity investments are generally accounted for under the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes and are periodically assessed for impairment when events or circumstances indicate that a decline in value may have occurred. Our nonfinancial assets, such as goodwill, intangible assets, and property, plant and equipment, are recorded at cost and are assessed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. We use the following hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: •Level 1 — Quoted prices in active markets for identical assets or liabilities; •Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and •Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In determining the fair value of our debt securities investments, we use pricing information from pricing services that value securities based on quoted market prices and models that utilize observable market inputs. In the event a fair value estimate is unavailable from a pricing service, we generally obtain non-binding price quotes from brokers. In addition, to validate pricing information obtained from pricing services, we periodically perform supplemental analysis on a sample of securities. We review any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of October 27, 2024, substantially all of our available-for-sale, short-term and long-term investments were recognized at fair value that was determined based upon observable inputs or quoted prices. Our equity investments with readily determinable values are measured at fair value using quoted prices for identical assets in an active market and the changes in fair value of these equity investments are recognized in the consolidated statements of operations. Inventories Inventories are stated at the lower of cost or net realizable value, with approximate cost determined on a first-in, first-out (FIFO) basis. We adjust inventory carrying value for estimated obsolescence equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. We fully write down inventories and noncancelable purchase orders for inventory deemed obsolete. We perform periodic reviews of inventory items to identify excess inventories on hand by comparing on-hand balances to anticipated usage using recent historical activity as well as anticipated or forecasted demand. If estimates of customer demand diminish further or market conditions become less favorable than those projected by us, additional inventory adjustments may be required. Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. In connection with our periodic review of estimated useful lives of the property, plant and equipment, we have increased the estimated useful lives of certain assets effective as of the beginning of fiscal 2024. The updated estimated useful lives of certain assets for financial reporting purposes are as follows: buildings and improvements, 3 to 30 years with certain buildings and improvements’ useful lives increased by 5 years; demonstration and manufacturing equipment increased to 5 to 8 years. The estimated useful lives for the following assets remained unchanged from fiscal 2023: software, 3 to 5 years; and furniture, fixtures and other equipment, 3 to 5 years. Land improvements are amortized over the shorter of 15 years or the estimated useful life. Leasehold improvements are amortized over the shorter of five years or the lease term. The change in accounting estimate was applied on a prospective basis to the assets on our balance sheet as of October 29, 2023, as well as to subsequent asset purchases. Based on the net carrying amounts of assets in use as of the end of fiscal 2023, the impact of this change was a reduction of $128 million in depreciation expense during fiscal 2024, and an increase of $0.12 in both basic and diluted earnings per share for fiscal 2024. Government Assistance We receive government assistance from various domestic and foreign governments in the form of cash grants or refundable tax credits. These arrangements incentivize us to continue growing our capital investments and research and development activities. Government incentives generally contain conditions that must be met in order for the assistance to be earned. We recognize the incentives when there is reasonable assurance that we will comply with all conditions specified in the incentive arrangement and the incentive will be received. We record capital expenditure related incentives as an offset to the associated property, plant and equipment, net within our Consolidated Balance Sheets and recognize a reduction to depreciation expense over the useful life of the corresponding acquired asset. We record incentives related to operating activities as a reduction to expense in the same line item on the Consolidated Statements of Operations as the expenditure for which the grant is intended to compensate. Acquisitions We account for the acquisition of a business using the acquisition method of accounting. Our methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. We allocate the fair value of the purchase consideration of our acquisitions to the tangible assets, liabilities, and intangible assets acquired, including in-process technology, based on their estimated fair values. Goodwill is measured as the excess of the purchase price over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. We assign assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically, acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process. The value assigned to intangible assets is usually based on estimates and judgments regarding expectations for the success and life cycle of products and technology acquired. Goodwill and Intangible Assets Goodwill is not amortized but is reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill requires judgment. When reviewing goodwill for impairment, we first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, we consider business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value. If the carrying value of a reporting unit exceeds its fair value, we would record an impairment charge equal to the excess of the carrying value of the reporting unit over its fair value. In the fourth quarter of fiscal 2024, we performed a qualitative assessment to test goodwill for all of our reporting units for impairment. we determined that it was more likely than not that each of our reporting units’ fair values exceeded their respective carrying values and that it was not necessary to perform the quantitative goodwill impairment test for any of our reporting units. No goodwill impairment was recorded during fiscal 2024, 2023 and 2022. Intangible assets with finite lives are presented at cost, net of accumulated amortization, and are amortized over their estimated useful lives of 1 to 15 years using the straight-line method. We evaluate the useful lives of our intangible assets each reporting period to determine whether events and circumstances require revising the remaining period of amortization. Intangible assets with infinite lives are not subject to amortization and consist primarily of in-process technology, which will be subject to amortization upon commercialization. If an in-process technology project is abandoned, the acquired technology attributable to the project will be written-off. The carrying values of our intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable. The balances of our intangible assets were not material as of October 27, 2024 or October 29, 2023 and amortization expenses were not material for fiscal 2024, 2023 and 2022. Long-Lived Assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate the carrying value of an asset or asset group may not be recoverable. We assess the recoverability of the assets by comparing the undiscounted future cash flow expected to result from the use and eventual disposal of the assets to their respective carrying value. If not recoverable, we recognize an impairment loss to the excess of the carrying value over the fair value of those assets, and reduce the carrying value of the assets to their respective fair value. Fair value is determined by available market valuations, when available and appropriate, or by discounted cash flows. Leases A contract contains a lease when we have the right to control the use of an identified asset for a period of time in exchange for consideration. We lease certain facilities, vehicles and equipment under non-cancelable operating leases, many of which include options to renew. Options that are reasonably certain to be exercised are included in the calculation of the right-of-use asset and lease liability. Our finance leases are those that contain a purchase option which we are reasonably certain to exercise at the end of the lease term. Our leases do not contain residual value guarantees or significant restrictions that impact the accounting for leases. As implicit rates are not available for the leases, we use the incremental borrowing rate as of the lease commencement date in order to measure the right-of-use asset and liability. Operating lease expense is generally recognized on a straight-line basis over the lease term. Finance lease expense is generally recognized on a straight-line basis over the life of the underlying leased asset. We elected the practical expedient to account for lease and non-lease components as a single lease component for all leases. For leases with a term of one year or less, we elected not to record a right-of-use asset or lease liability and to account for the associated lease payments as they become due. A majority of our lease arrangements are operating leases. The balances of our operating leases right-of-use assets and liabilities were not material as of October 27, 2024 or October 29, 2023. Operating lease cost for fiscal 2024, 2023 and 2022 was not material. Revenue Recognition from Contracts with Customers We recognize revenue when promised goods or services are transferred to a customer in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. We determine revenue recognition through the following five steps: (1) identification of the contract(s) with customers, (2) identification of the performance obligations in the contract, (3) determination of the transaction price, (4) allocation of the transaction price to the performance obligations in the contract, and (5) recognition of revenue when, or as, a performance obligation is satisfied. Identifying the contract(s) with customers. We sell equipment, services, and spare parts directly to our customers in the semiconductor, display, and related industries. We generally consider written documentation including, but not limited to, signed purchase orders, master agreements, and sales orders as contracts provided that collection is probable. Collectability is assessed based on the customer’s creditworthiness determined by reviewing the customer’s published credit and financial information, historical payment experience, as well as other relevant factors. Identifying the performance obligations. Our performance obligations include delivery of equipment, service agreements, spare parts, installation, extended warranty and training. Our service agreements are considered one performance obligation and may include multiple goods and services that we provide to the customer to deliver against a performance metric. Judgment is used to determine whether multiple promised goods or services in a contract should be accounted for separately or as a group. Determine the transaction price. The transaction price for our contracts with customers may include fixed and variable consideration. We include variable consideration in the transaction price to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Allocate the transaction price to the performance obligations. A contract’s transaction price is allocated to each distinct performance obligation identified within the contract. We generally estimate the standalone selling price of a distinct performance obligation based on historical cost plus an appropriate margin. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation using the relative standalone selling price of each distinct good or service in the contract. Recognizing the revenue as performance obligations are satisfied. We recognize revenue from equipment and spares parts at a point in time when we have satisfied our performance obligation by transferring control of the goods to the customer which typically occurs at shipment or delivery. Revenue from service agreements is recognized over time, typically within 12 months, as customers receive the benefits of services. The incremental costs to obtain a contract are not material. Payment Terms. Payment terms vary by contract. Generally, the majority of payments are due within a certain number of days from shipment of goods or performance of service. The remainder is typically due upon customer technical acceptance. In certain circumstances we may receive deposits from customers for future deliverables. Our payment terms do not generally contain a significant financing component. Shipping and Handling Costs We account for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated products. Accordingly, amounts billed for shipping and handling costs are recorded as a component of net revenue and costs as a component of cost of products sold. Warranty Our products are generally sold with a warranty for a 12-month period following installation. Parts and labor are covered under the terms of the warranty agreement. We provide for the estimated cost of warranty when revenue is recognized. Estimated warranty costs are determined by analyzing specific product, current and historical configuration statistics and regional warranty support costs. Our warranty obligation is affected by product and component failure rates, material usage and labor costs incurred in correcting product failures during the warranty period. If actual warranty costs differ substantially from our estimates, revisions to the estimated warranty liability would be required. Quarterly warranty consumption is generally associated with sales that occurred during the preceding four quarters, and quarterly warranty provisions are generally related to the current quarter’s sales. We also sell extended warranty contracts to our customers which provide an extension of the standard warranty coverage period of up to 2 years. We receive payment at the inception of the contract and recognizes revenue ratably over the extended warranty coverage period, as the customer simultaneously receives and consumes the benefits of the extended warranty. Our warranty reserves balances and the components of changes in our warranty reserves were not material for all periods presented. Sales and Value Added Taxes Taxes collected from customers and remitted to governmental authorities are presented on a net basis in the Consolidated Statements of Operations. Research, Development and Engineering Costs Research, development and engineering costs are expensed as incurred. Income Taxes We recognize a current tax liability for the estimated amount of income tax payable on tax returns for the current fiscal year. Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. Deferred tax assets and liabilities are measured based on enacted tax rates that are expected to apply in the period in which the assets are realized or the liabilities are settled. Deferred tax assets and liabilities are adjusted for the effect of a change in tax rates, laws, or status when the change is enacted. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized from such positions are estimated based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Any changes in judgment related to uncertain tax positions are recognized in our provision for income taxes in the quarter in which such change occurs. Interest and penalties related to uncertain tax positions are recognized in our provision for income taxes. Derivative Financial Instruments We use financial instruments, such as foreign currency forward and option contracts, to hedge a portion of, but not all, existing and anticipated foreign currency denominated transactions typically expected to occur within 24 months. The purpose of our foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. In certain cases, we also use interest rate swap or lock agreements to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. The terms of derivative financial instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. Our derivative financial instruments are recorded as assets or liabilities at fair value and reported gross on our Consolidated Balance Sheets. However, under master netting agreements in place with our counterparties, we may net settle transactions of the same currency under certain circumstances. For derivative instruments designated and qualifying as cash flow hedges, the gain or loss is reported as a component of accumulated other comprehensive income (loss) in stockholders’ equity, and is reclassified into earnings when the hedged transaction affects earnings. Any portion excluded from the assessment of effectiveness is recognized in the same line as the hedged transaction but may be recognized in a different manner, e.g. amortized. If a hedged transaction becomes probable of not occurring according to the original strategy, the hedge relationship is discontinued and we recognize the gain or loss on the associated derivative in earnings. For hedges of existing foreign currency denominated assets or liabilities, the gain or loss is recorded in earnings in the same period to offset the changes in the fair value of the assets or liabilities being hedged. Foreign Currency As of October 27, 2024, all of our subsidiaries use the United States dollar as their functional currency. Accordingly, assets and liabilities of these subsidiaries are remeasured using exchange rates in effect at the end of the period, except for non-monetary assets, such as inventories and property, plant and equipment, which are remeasured using historical exchange rates. Foreign currency-denominated revenues and costs are remeasured using average exchange rates for the period, except for costs related to the non-monetary assets and liabilities, which are remeasured using historical exchange rates. The resulting remeasurement gains and losses are included in interest and other income, net in the Consolidated Statements of Operations as incurred. Concentrations of Credit Risk Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash equivalents, investments, trade accounts receivable and derivative financial instruments used in hedging activities. We invest in a variety of financial instruments, such as, but not limited to, commercial paper, corporate bonds, municipal securities, United States Treasury and agency securities, and asset-backed and mortgage-backed securities, and, by policy, limits the amount of credit exposure with any one financial institution or commercial issuer. We are exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments but do not expect any counterparties to fail to meet their obligations. We perform ongoing credit evaluations of our customers’ financial condition and generally require no collateral to secure accounts receivable. We maintain an allowance for potentially uncollectible accounts receivable based on our assessment of the collectability of accounts receivable. We regularly review the allowance by considering factors such as historical experience, credit quality, age of the accounts receivable balances, and current economic conditions that may affect a customer’s ability to pay. In addition, we utilize deposits and/or letters of credit to mitigate credit risk when considered appropriate. Recently Adopted Accounting Standards Contract Assets and Contract Liabilities from Revenue Contracts with Customers in a Business Combination. In October 2021, the Financial Accounting Standards Board (FASB) issued an accounting standard update to improve the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination (Topic 805). This amendment improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. We adopted this authoritative guidance in the first quarter of fiscal 2024 and the impact of the adoption depends on the facts and circumstances of future acquisitions. During fiscal 2024, the adoption of this guidance had no impact to our consolidated financial statements as there were no acquisitions during the year.

Income Taxes - Valuation Allowance (Details) - Valuation Allowance of Deferred Tax Assets - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Changes in allowance for doubtful accounts
Beginning balance	$ 530	$ 460	$ 361
Increases	39	70	99
Ending balance	$ 569	$ 530	$ 460

Income Taxes (Tables)

12 Months Ended

Oct. 27, 2024

Income Tax Disclosure [Abstract]

Components of income from operations before income taxes

The components of income before income taxes for each fiscal year were as follows:


	2024		2023		2022

	(In millions)
U.S.	$	833	$	1,234	$	1,171
Foreign	7,319		6,482		6,428
Total	$	8,152	$	7,716	$	7,599

Components of the provision for income taxes

The components of the provision for income taxes for each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Current:
U.S.	$	1,254	$	708	$	590
Foreign	366		456		275
State	33		54		14
	1,653		1,218		879
Deferred:
U.S.	(697)		(255)		(62)
Foreign	30		(61)		265
State	(11)		(42)		(8)
	(678)		(358)		195
Total	$	975	$	860	$	1,074

Effective income tax rate reconciliation

A reconciliation between the statutory U.S. federal income tax rate and our actual effective income tax rate for each fiscal year is presented below:


	2024		2023		2022
Tax provision at U.S. statutory rate	21.0	%	21.0	%	21.0	%

Effect of foreign operations taxed at various rates	(7.6)		(8.2)		(4.4)
Changes in prior years’ unrecognized tax benefits	—		(0.2)		(0.9)
Resolutions of prior years’ income tax filings	(0.1)		(0.1)		(0.2)
Research and other tax credits	(1.4)		(1.6)		(1.0)




Other	0.1		0.2		(0.4)
Total	12.0	%	11.1	%	14.1	%

Components of deferred income tax assets and liabilities

The components of deferred income tax assets and liabilities were as follows:


	October 27, 2024		October 29, 2023

	(In millions)
Deferred tax assets:
Corporate Alternative Minimum Tax	$	410	$	—
Capitalized R&D expenses	217		83
Allowance for doubtful accounts	4		4
Inventory reserves and basis difference	127		125
Installation and warranty reserves	70		35
Intangible assets	977		1,031
Accrued liabilities	24		19

Deferred revenue	72		72

Tax credits	592		536
Deferred compensation	261		217
Share-based compensation	44		50
Property, plant and equipment	101		9
Lease liability	72		98
Other	79		96
Gross deferred tax assets	3,050		2,375
Valuation allowance	(569)		(530)
Total deferred tax assets	2,481		1,845
Deferred tax liabilities:

Right of use assets	(76)		(103)

Undistributed foreign earnings	(23)		(23)


Total deferred tax liabilities	(99)		(126)
Net deferred tax assets	$	2,382	$	1,719

Summary of valuation allowance

Changes in the valuation allowance in each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Beginning balance	$	530	$	460	$	361
Increases	39		70		99

Ending balance	$	569	$	530	$	460

Reconciliation of gross unrecognized tax benefits

A reconciliation of the beginning and ending balances of gross unrecognized tax benefits in each fiscal year is as follows:


	2024		2023		2022

	(In millions)
Beginning balance of gross unrecognized tax benefits	$	510	$	498	$	537

Settlements with tax authorities	—		—		(25)

Increases in tax positions for current year	25		28		26
Increases in tax positions for prior years	13		—		28
Decreases in tax positions for prior years	(4)		(16)		(68)
Ending balance of gross unrecognized tax benefits	$	544	$	510	$	498

Cash, Cash Equivalents and Investments

12 Months Ended

Oct. 27, 2024

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Investments

Summary of Cash, Cash Equivalents and Investments

The following tables summarize our cash, cash equivalents and investments by security type:


October 27, 2024	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,313	$	—	$	—	$	1,313
Cash equivalents:
Money market funds*	3,421		—		—		3,421
Bank certificates of deposit and time deposits	90		—		—		90
U.S. Treasury and agency securities	1,394		—		—		1,394

Municipal securities	19		—		—		19
Commercial paper, corporate bonds and medium-term notes	1,785		—		—		1,785

Total cash equivalents	6,709		—		—		6,709
Total cash and cash equivalents	$	8,022	$	—	$	—	$	8,022
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	13	$	—	$	—	$	13
U.S. Treasury and agency securities	1,306		—		2		1,304
Non-U.S. government securities**	5		—		—		5
Municipal securities	441		2		2		441
Commercial paper, corporate bonds and medium-term notes	803		4		2		805
Asset-backed and mortgage-backed securities	656		3		5		654
Total fixed income securities	3,224		9		11		3,222
Publicly traded equity securities	543		185		5		723
Equity investments in privately held companies	255		58		22		291
Total equity investments	798		243		27		1,014
Total short-term and long-term investments	$	4,022	$	252	$	38	$	4,236
Total cash, cash equivalents and investments	$	12,044	$	252	$	38	$	12,258

_________________________

*Excludes $91 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.


October 29, 2023	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,417	$	—	$	—	$	1,417
Cash equivalents:
Money market funds*	3,260		—		—		3,260


Municipal securities	26		—		—		26
Commercial paper, corporate bonds and medium-term notes	1,429		—		—		1,429
Total cash equivalents	4,715		—		—		4,715
Total cash and cash equivalents	$	6,132	$	—	$	—	$	6,132
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	18	$	—	$	—	$	18
U.S. Treasury and agency securities	381		—		7		374
Non-U.S. government securities**	7		—		1		6
Municipal securities	438		—		11		427
Commercial paper, corporate bonds and medium-term notes	760		—		12		748
Asset-backed and mortgage-backed securities	502		—		15		487
Total fixed income securities	2,106		—		46		2,060
Publicly traded equity securities	543		171		16		698
Equity investments in privately held companies	192		78		10		260
Total equity investments	735		249		26		958
Total short-term and long-term investments	$	2,841	$	249	$	72	$	3,018
Total cash, cash equivalents and investments	$	8,973	$	249	$	72	$	9,150

________________________

*Excludes $101 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

During fiscal 2024, 2023 and 2022, interest income from our cash, cash equivalents and fixed income securities was $486 million, $262 million and $44 million, respectively.

Maturities of Investments

The following table summarizes the contractual maturities of our investments at October 27, 2024:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	1,405	$	1,403
Due after one through five years	1,163		1,165

No single maturity date*	1,454		1,668
Total	$	4,022	$	4,236

_________________________

*Securities with no single maturity date include publicly traded and privately held equity securities and asset-backed and mortgage-backed securities.

Gains and Losses on Investments

At October 27, 2024, gross unrealized losses related to our fixed income portfolio were not material. We regularly review our fixed income portfolio to identify and evaluate investments that have indications of possible impairment from credit losses or other factors. Factors considered in determining whether an unrealized loss is considered to be a credit loss include: the significance of the decline in value compared to the cost basis; the financial condition; credit quality and near-term prospects of the investee; and whether it is more likely than not that we will be required to sell the security prior to recovery. Credit losses related to available-for-sale debt securities are recorded as an allowance for credit losses through interest and other income (expense), net. Any additional changes in fair value that are not related to credit losses are recognized in accumulated other comprehensive income (loss) (AOCI).

During fiscal 2024, 2023 and 2022, gross realized gains and losses related to our fixed income portfolio were not material.

During fiscal 2024, 2023 and 2022, we did not recognize material credit losses and the ending allowance for credit losses was not material.

The components of gain (loss) on equity investments for each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Publicly traded equity securities
Unrealized gain	$	332	$	193	$	30
Unrealized loss	(287)		(44)		(62)
Realized gain on sales and dividends	5		9		7
Realized loss on sales or impairment	(1)		(4)		—
Equity investments in privately held companies
Unrealized gain	3		15		41
Unrealized loss	(17)		(30)		(5)
Realized gain on sales and dividends	4		9		3
Realized loss on sales or impairment	(19)		(121)		(7)
Total gain (loss) on equity investments, net	$	20	$	27	$	7

Industry Segment Operations (Tables)

12 Months Ended

Oct. 27, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting

Information for each reportable segment for and as of the end of each fiscal year were as follows:


	Net revenue		Operating Income (Loss)		Depreciation/ Amortization		Capital Expenditures		Accounts Receivable		Inventories

	(In millions)
2024:
Semiconductor Systems	$	19,911	$	6,981	$	168	$	425	$	3,816	$	2,988
Applied Global Services	6,225		1,812		22		35		1,297		2,306
Display	885		51		12		29		197		113
Corporate and Other	155		(977)		190		701		(76)		14
Total	$	27,176	$	7,867	$	392	$	1,190	$	5,234	$	5,421
2023:
Semiconductor Systems	$	19,698	$	6,879	$	235	$	381	$	3,943	$	3,433
Applied Global Services	5,732		1,529		31		39		1,111		2,073
Display	868		114		19		13		184		200
Corporate and Other	219		(868)		230		673		(73)		19
Total	$	26,517	$	7,654	$	515	$	1,106	$	5,165	$	5,725
2022:
Semiconductor Systems	$	18,797	$	6,790	$	203	$	249	$	4,924	$	3,995
Applied Global Services	5,543		1,555		31		38		997		1,788
Display	1,331		243		31		30		148		129
Corporate and Other	114		(800)		179		470		(1)		20
Total	$	25,785	$	7,788	$	444	$	787	$	6,068	$	5,932

Details of goodwill by reportable segment as of October 27, 2024 and October 29, 2023 were as follows:


	October 27, 2024		October 29, 2023

	(In millions)
Goodwill by reportable segment
Semiconductor Systems	$	2,460	$	2,460
Applied Global Services	1,032		1,032
Display	199		199
Corporate and Other	41		41
	$	3,732	$	3,732

Schedule of Disaggregation of Revenue

Net revenue for Semiconductor Systems by market for the periods indicated were as follows:


	2024		2023		2022
Foundry, logic and other	68	%	77	%	66	%
Dynamic random-access memory (DRAM)	28	%	17	%	19	%
Flash memory	4	%	6	%	15	%

	100	%	100	%	100	%

Schedule of Reconciliations of Total Segment Operating Income to Consolidated Operating Income (Loss)

The reconciling items included in Corporate and Other were as follows:


	2024		2023		2022

	(In millions)
Unallocated Net revenue	$	155	$	219	$	114
Unallocated cost of products sold and expenses	(1,132)		(1,087)		(918)

Severance and related charges	—		—		4

Total	$	(977)	$	(868)	$	(800)

Schedule of Net Revenue and Long-Lived Assets

Net revenue and long-lived assets by geographic region for and as of each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Net revenue:
United States	$	3,818	$	4,006	$	3,104
China	10,117		7,247		7,254
Korea	4,493		4,609		4,395
Taiwan	4,010		5,670		6,262
Japan	2,154		2,075		2,012
Europe	1,443		2,152		1,674
Southeast Asia	1,141		758		1,084
Total outside United States	23,358		22,511		22,681
Consolidated total	$	27,176	$	26,517	$	25,785


	October 27, 2024		October 29, 2023

	(In millions)
Long-lived assets:
United States	$	3,759	$	3,239
China	3		4
Korea	9		11
Taiwan	59		59
Japan	7		7
Europe	113		110
Southeast Asia	5		6
Total outside United States	196		197
Consolidated total	$	3,955	$	3,436

Schedule of Companies Accounted for at Least 10 Percent of Net Sales

The following customers accounted for at least 10 percent of our Net revenue in each fiscal year, which were for products and services in multiple reportable segments:


	2024		2023		2022
Samsung Electronics Co., Ltd.	12	%	15	%	12	%
Taiwan Semiconductor Manufacturing Company Limited	11	%	19	%	20	%

Intel Corporation	*		*		10	%

___________________________

*Less than 10%

Balance Sheet Detail - Deferred Income Taxes and Other Assets (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Balance Sheet Detail [Abstract]
Non-current deferred income taxes	$ 2,393	$ 1,729
Operating lease right-of-use assets	$ 375	$ 370
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Deferred income taxes and other assets	Deferred income taxes and other assets
Finance lease right-of-use assets	$ 0	$ 108
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Deferred income taxes and other assets	Deferred income taxes and other assets
Income tax receivables and other assets	$ 314	$ 345
Deferred income taxes and other assets	$ 3,082	$ 2,552

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Government Assistance (Details)	12 Months Ended
	Oct. 27, 2024
Accounting Policies [Abstract]
Government assistance statement of income, extensible enumeration, not disclosed	capital expenditure

Industry Segment Operations - Segment Reconciling Items (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Unallocated Net revenue	$ 27,176	$ 26,517	$ 25,785
Severance and related charges	0	0	4
Income from operations	7,867	7,654	7,788
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Unallocated Net revenue	155	219	114
Unallocated cost of products sold and expenses	(1,132)	(1,087)	(918)
Severance and related charges	0	0	4
Income from operations	$ (977)	$ (868)	$ (800)

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Balance Sheet Detail - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 7,109	$ 6,374
Accumulated depreciation	(3,770)	(3,651)
Net property, plant and equipment	3,339	2,723
Land and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	492	393
Buildings and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 2,359	2,194
Buildings and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Buildings and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	30 years
Demonstration and manufacturing equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 2,578	2,353
Demonstration and manufacturing equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Demonstration and manufacturing equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	8 years
Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 782	762
Furniture, fixtures and other equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Furniture, fixtures and other equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Construction in progress
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 898	$ 672

Earnings Per Share

12 Months Ended

Oct. 27, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share is determined using the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined using the weighted average number of common shares and potential common shares (representing the dilutive effect of restricted stock units and employee stock purchase plan shares) outstanding during the period. Our net income has not been adjusted for any period presented for purposes of computing basic or diluted earnings per share due to our non-complex capital structure.


Fiscal Year	2024		2023		2022

	(In millions, except per share amounts)
Numerator:
Net income	$	7,177	$	6,856	$	6,525
Denominator:
Weighted average common shares outstanding	827		840		871
Effect of weighted dilutive restricted stock units and employee stock purchase plan shares	7		5		6
Denominator for diluted earnings per share	834		845		877
Basic earnings per share	$	8.68	$	8.16	$	7.49
Diluted earnings per share	$	8.61	$	8.11	$	7.44
Potentially weighted dilutive securities	—		—		3

Excluded from the calculation of diluted earnings per share are securities attributable to outstanding restricted stock units where the combined exercise price and average unamortized fair value are greater than the average market price of our common stock, and therefore their inclusion would be anti-dilutive.

Industry Segment Operations

12 Months Ended

Oct. 27, 2024

Segment Reporting [Abstract]

Industry Segment Operations

Our three reportable segments are: Semiconductor Systems, Applied Global Services (AGS), and Display. As defined under the accounting literature, our chief operating decision-maker has been identified as the President and Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire company. Segment information is presented based upon our management organization structure as of October 27, 2024 and the distinctive nature of each segment. Future changes to this internal financial structure may result in changes to our reportable segments.

The Semiconductor Systems reportable segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.

The AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, 200mm and other equipment and factory automation software for semiconductor, display and other products.

The Display segment includes products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), equipment upgrades and other display technologies for TVs, monitors, laptops, personal computers, smart phones, other consumer-oriented devices and solar energy cells.

Each operating segment is separately managed and has separate financial results that are reviewed by our chief operating decision-maker. Each reportable segment contains closely related products that are unique to the particular segment. Segment operating income is determined based upon internal performance measures used by our chief operating decision-maker. The chief operating decision-maker does not evaluate operating segments using total asset information.

We derive the segment results directly from our internal management reporting system. Effective in the first quarter of fiscal 2024, management began including share-based compensation expense in the evaluation of reportable segments' performance. Prior-year numbers have been recast to conform to the current-year presentation. The accounting policies we use to derive reportable segment results are substantially the same as those used for external reporting purposes. Management measures the performance of each reportable segment based upon several metrics including orders, net revenue and operating income. Management uses these results to evaluate the performance of, and to assign resources to, each of the reportable segments.

The Corporate and Other category includes revenues and costs of products from other products, as well as certain operating expenses that are not allocated to our reportable segments and are managed separately at the corporate level. These operating expenses include costs related to certain management, finance, legal, human resources, and research, development and engineering functions provided at the corporate level; and unabsorbed information technology and occupancy. In addition, we do not allocate to our reportable segments severance, asset impairment and any associated charges related to restructuring actions, unless these actions pertain to a specific reportable segment. Segment operating income also excludes interest income/expense and other financial charges and income taxes. Management does not consider the unallocated costs in measuring the performance of the reportable segments.

Information for each reportable segment for and as of the end of each fiscal year were as follows:


	Net revenue		Operating Income (Loss)		Depreciation/ Amortization		Capital Expenditures		Accounts Receivable		Inventories

	(In millions)
2024:
Semiconductor Systems	$	19,911	$	6,981	$	168	$	425	$	3,816	$	2,988
Applied Global Services	6,225		1,812		22		35		1,297		2,306
Display	885		51		12		29		197		113
Corporate and Other	155		(977)		190		701		(76)		14
Total	$	27,176	$	7,867	$	392	$	1,190	$	5,234	$	5,421
2023:
Semiconductor Systems	$	19,698	$	6,879	$	235	$	381	$	3,943	$	3,433
Applied Global Services	5,732		1,529		31		39		1,111		2,073
Display	868		114		19		13		184		200
Corporate and Other	219		(868)		230		673		(73)		19
Total	$	26,517	$	7,654	$	515	$	1,106	$	5,165	$	5,725
2022:
Semiconductor Systems	$	18,797	$	6,790	$	203	$	249	$	4,924	$	3,995
Applied Global Services	5,543		1,555		31		38		997		1,788
Display	1,331		243		31		30		148		129
Corporate and Other	114		(800)		179		470		(1)		20
Total	$	25,785	$	7,788	$	444	$	787	$	6,068	$	5,932

Semiconductor Systems and Display revenues are recognized at a point in time. AGS revenue is recognized at a point in time for tangible goods such as spare parts and equipment, and over time for service agreements. The majority of revenue recognized over time is recognized within 12 months of the contract inception.

Details of goodwill by reportable segment as of October 27, 2024 and October 29, 2023 were as follows:


	October 27, 2024		October 29, 2023

	(In millions)
Goodwill by reportable segment
Semiconductor Systems	$	2,460	$	2,460
Applied Global Services	1,032		1,032
Display	199		199
Corporate and Other	41		41
	$	3,732	$	3,732

Net revenue for Semiconductor Systems by market for the periods indicated were as follows:


	2024		2023		2022
Foundry, logic and other	68	%	77	%	66	%
Dynamic random-access memory (DRAM)	28	%	17	%	19	%
Flash memory	4	%	6	%	15	%

	100	%	100	%	100	%

The reconciling items included in Corporate and Other were as follows:


	2024		2023		2022

	(In millions)
Unallocated Net revenue	$	155	$	219	$	114
Unallocated cost of products sold and expenses	(1,132)		(1,087)		(918)

Severance and related charges	—		—		4

Total	$	(977)	$	(868)	$	(800)

For geographical reporting, revenue by geographic location is determined by the location of customers’ facilities to which products were shipped and services were performed. Long-lived assets consist primarily of property, plant and equipment and right-of-use assets and are attributed to the geographic location in which they are located. Net revenue and long-lived assets by geographic region for and as of each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Net revenue:
United States	$	3,818	$	4,006	$	3,104
China	10,117		7,247		7,254
Korea	4,493		4,609		4,395
Taiwan	4,010		5,670		6,262
Japan	2,154		2,075		2,012
Europe	1,443		2,152		1,674
Southeast Asia	1,141		758		1,084
Total outside United States	23,358		22,511		22,681
Consolidated total	$	27,176	$	26,517	$	25,785


	October 27, 2024		October 29, 2023

	(In millions)
Long-lived assets:
United States	$	3,759	$	3,239
China	3		4
Korea	9		11
Taiwan	59		59
Japan	7		7
Europe	113		110
Southeast Asia	5		6
Total outside United States	196		197
Consolidated total	$	3,955	$	3,436

The following customers accounted for at least 10 percent of our Net revenue in each fiscal year, which were for products and services in multiple reportable segments:


	2024		2023		2022
Samsung Electronics Co., Ltd.	12	%	15	%	12	%
Taiwan Semiconductor Manufacturing Company Limited	11	%	19	%	20	%

Intel Corporation	*		*		10	%

___________________________

*Less than 10%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

Industry Segment Operations - Percentage by Customer (Details) - Net sales - Customer Concentration Risk	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Samsung Electronics Co., Ltd.
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales	12.00%	15.00%	12.00%
Taiwan Semiconductor Manufacturing Company Limited
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales	11.00%	19.00%	20.00%
Intel Corporation
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales			10.00%

Contract Balances and Performance Obligations - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 269	$ 274
Contract liabilities	$ 2,849	$ 2,975

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 7,177	$ 6,856	$ 6,525
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on available-for-sale investments	43	25	(74)
Change in unrealized net loss on derivative instruments	31	(66)	51
Change in defined and postretirement benefit plans	(25)	26	81
Other comprehensive income (loss), net of tax	49	(15)	58
Comprehensive income	$ 7,226	$ 6,841	$ 6,583

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Cash flows from operating activities:
Net income	$ 7,177	$ 6,856	$ 6,525
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization	392	515	444
Severance and related charges	0	0	(4)
Deferred income taxes	(633)	24	(223)
Share-based compensation	577	490	413
Other	47	40	36
Changes in operating assets and liabilities, net of amounts acquired:
Accounts receivable	(69)	903	(1,109)
Inventories	304	207	(1,590)
Other current and non-current assets	287	(48)	(16)
Accounts payable and accrued expenses	281	(138)	390
Contract liabilities	(126)	(167)	1,039
Income taxes payable	389	(20)	(541)
Other liabilities	51	38	35
Cash provided by operating activities	8,677	8,700	5,399
Cash flows from investing activities:
Capital expenditures	(1,190)	(1,106)	(787)
Cash paid for acquisitions, net of cash acquired	0	(25)	(441)
Proceeds from sales and maturities of investments	2,451	1,268	1,363
Purchases of investments	(3,588)	(1,672)	(1,492)
Cash used in investing activities	(2,327)	(1,535)	(1,357)
Cash flows from financing activities:
Debt borrowings, net of issuance costs	694	0	0
Proceeds from commercial paper	401	991	0
Repayments of commercial paper	(400)	(900)	0
Proceeds from common stock issuances	243	227	199
Common stock repurchases	(3,823)	(2,189)	(6,103)
Tax withholding payments for vested equity awards	(291)	(179)	(266)
Payments of dividends to stockholders	(1,192)	(975)	(873)
Repayments of principals on finance leases	(102)	(7)	0
Cash used in financing activities	(4,470)	(3,032)	(7,043)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	1,880	4,133	(3,001)
Cash, cash equivalents and restricted cash equivalents — beginning of period	6,233	2,100	5,101
Cash, cash equivalents and restricted cash equivalents — end of period	8,113	6,233	2,100
Reconciliation of cash, cash equivalents, and restricted cash equivalents
Cash and cash equivalents	8,022	6,132	1,995
Restricted cash equivalents included in deferred income taxes and other assets	91	101	105
Total cash, cash equivalents, and restricted cash equivalents	8,113	6,233	2,100
Supplemental cash flow information:
Cash payments for income taxes	957	1,006	1,869
Cash refunds from income taxes	15	53	156
Cash payments for interest	$ 205	$ 205	$ 205

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Oct. 27, 2024	Dec. 06, 2024	Apr. 28, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Oct. 27, 2024
Current Fiscal Year End Date	--10-27
Document Transition Report	false
Entity File Number	000-06920
Entity Registrant Name	APPLIED MATERIALS INC /DE
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-1655526
Entity Address, Address Line One	3050 Bowers Avenue
Entity Address, Address Line Two	P.O. Box 58039
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95052-8039
City Area Code	408
Local Phone Number	727-5555
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	AMAT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 167,928,935,720
Entity Common Stock, Shares Outstanding		813,684,638
Documents Incorporated by Reference	Portions of Part III will be provided in accordance with Instruction G(3) to Form 10-K no later than February 24, 2025.
Entity Central Index Key	0000006951
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Income Tax Disclosure [Abstract]
Tax provision at U.S. statutory rate	21.00%	21.00%	21.00%
Effect of foreign operations taxed at various rates	(7.60%)	(8.20%)	(4.40%)
Changes in prior years’ unrecognized tax benefits	0.00%	(0.20%)	(0.90%)
Resolutions of prior years’ income tax filings	(0.10%)	(0.10%)	(0.20%)
Research and other tax credits	(1.40%)	(1.60%)	(1.00%)
Other	0.10%	0.20%	(0.40%)
Total	12.00%	11.10%	14.10%

Balance Sheet Detail

12 Months Ended

Oct. 27, 2024

Balance Sheet Detail [Abstract]

Balance Sheet Detail


	October 27, 2024		October 29, 2023

	(In millions)
Inventories
Customer service spares	$	1,742	$	1,589
Raw materials	1,680		1,653
Work-in-process	879		997
Finished goods
Deferred cost of sales	217		413
Evaluation inventory	459		423
Manufactured on-hand inventory	444		650
Total finished goods	1,120		1,486
Total inventories	$	5,421	$	5,725


	October 27, 2024		October 29, 2023

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	120	$	412
Prepaid expenses and other	974		976
	$	1,094	$	1,388


	Useful Life	October 27, 2024		October 29, 2023

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	492	$	393
Buildings and improvements	3-30	2,359		2,194
Demonstration and manufacturing equipment	5-8	2,578		2,353
Furniture, fixtures and other equipment	3-5	782		762
Construction in progress		898		672
Gross property, plant and equipment		7,109		6,374
Accumulated depreciation		(3,770)		(3,651)
		$	3,339	$	2,723

Depreciation expense was $346 million, $471 million and $404 million for fiscal 2024, 2023 and 2022, respectively.


	October 27, 2024		October 29, 2023

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	2,393	$	1,729
Operating lease right-of-use assets	375		370
Finance lease right-of-use assets	—		108
Income tax receivables and other assets	314		345
	$	3,082	$	2,552


	October 27, 2024		October 29, 2023

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,570	$	1,478

Compensation and employee benefits	1,188		1,024

Warranty	364		332
Dividends payable	327		267
Income taxes payable	535		282


Operating lease liabilities, current	87		84
Finance lease liabilities, current	—		102

Other	749		728
	$	4,820	$	4,297


	October 27, 2024		October 29, 2023

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	142	$	126
Operating lease liabilities, non-current	259		252

Other	409		336
	$	810	$	714

Government Assistance

Capital expenditure related incentives reduced gross property, plant and equipment, net by $479 million as of October 27, 2024. Contra-depreciation expense was not material in fiscal 2024. Operating incentives recognized as a reduction to research, development and engineering expense was $38 million in fiscal 2024. Capital expenditure related incentives reduced our income taxes payable by $170 million as of October 27, 2024, of which $159 million is in accounts payable and accrued expenses and $11 million is in deferred income taxes and other assets, in our Consolidated Balance Sheets.

Income Taxes - Components of Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Components of income from operations before income taxes
U.S.	$ 833	$ 1,234	$ 1,171
Foreign	7,319	6,482	6,428
Income before income taxes	8,152	7,716	7,599
Current:
U.S.	1,254	708	590
Foreign	366	456	275
State	33	54	14
Total current provision for income taxes	1,653	1,218	879
Deferred:
U.S.	(697)	(255)	(62)
Foreign	30	(61)	265
State	(11)	(42)	(8)
Total deferred provision (benefit) for income taxes	(678)	(358)	195
Total	$ 975	$ 860	$ 1,074

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 27, 2024	Oct. 29, 2023
Stockholders’ equity:
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,500,000,000	2,500,000,000
Common stock, shares outstanding (in shares)	818,000,000	833,000,000
Treasury stock (in shares)	1,211,000,000	1,191,000,000

Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Deferred tax assets:
Corporate Alternative Minimum Tax	$ 410	$ 0
Capitalized R&D expenses	217	83
Allowance for doubtful accounts	4	4
Inventory reserves and basis difference	127	125
Installation and warranty reserves	70	35
Intangible assets	977	1,031
Accrued liabilities	24	19
Deferred revenue	72	72
Tax credits	592	536
Deferred compensation	261	217
Share-based compensation	44	50
Property, plant and equipment	101	9
Lease liability	72	98
Other	79	96
Gross deferred tax assets	3,050	2,375
Valuation allowance	(569)	(530)
Total deferred tax assets	2,481	1,845
Deferred tax liabilities:
Right of use assets	(76)	(103)
Undistributed foreign earnings	(23)	(23)
Total deferred tax liabilities	(99)	(126)
Net deferred tax assets	$ 2,382	$ 1,719

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Employee Stock Purchase Plan, Valuation Assumptions (Details) - Employee Stock Purchase Plan - $ / shares	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.82%	0.98%	0.97%
Expected volatility	40.10%	39.40%	46.80%
Risk-free interest rate	5.03%	5.29%	2.24%
Expected life (in years)	6 months	6 months	6 months
Weighted average estimated fair value (in dollars per share)	$ 52.31	$ 35.31	$ 30.23

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Guarantees, Commitments and Contingencies	12 Months Ended
Guarantees, Commitments and Contingencies	Oct. 27, 2024
Commitments and Contingencies Disclosure [Abstract]
Guarantees, Commitments and Contingencies	Guarantees, Commitments and Contingencies Guarantees In the ordinary course of business, we provide standby letters of credit or other guarantee instruments to third parties as required for certain transactions initiated by either us or our subsidiaries. As of October 27, 2024, the maximum potential amount of future payments that we could be required to make under these guarantee agreements was approximately $284 million. We have not recorded any liability in connection with these guarantee agreements beyond that required to appropriately account for the underlying transaction being guaranteed. We do not believe, based on historical experience and information currently available, that it is probable that any amounts will be required to be paid under these guarantee agreements. We also have agreements with various banks to facilitate subsidiary banking operations worldwide, including overdraft arrangements, issuance of bank guarantees, and letters of credit. As of October 27, 2024, we have provided parent guarantees to banks for approximately $292 million to cover these arrangements. Legal Matters From time to time, we receive notification from third parties, including customers and suppliers, seeking indemnification, litigation support, payment of money or other actions by us in connection with claims made against them. In addition, from time to time, we receive notification from third parties claiming that we may be or are infringing or misusing their intellectual property or other rights. We also are subject to various legal proceedings, government investigations or inquiries, and claims, both asserted and unasserted, that arise in the ordinary course of business. These matters are subject to uncertainties, and we cannot predict the outcome of these matters, or governmental inquiries or proceedings that may occur. Although the outcome of the above-described matters, claims and proceedings cannot be predicted with certainty, we do not believe at this time that any of the above-described matters will have a material effect on our consolidated financial condition or results of operations. Since 2022, we have received multiple subpoenas from government authorities requesting information relating to certain China customer shipments and export controls compliance, including from the U.S. Department of Justice, the U.S. Commerce Department Bureau of Industry and Security, and the U.S. Securities and Exchange Commission. We also have received subpoenas from the U.S. Department of Justice requesting information related to certain federal award applications and information submitted to the federal government. We are cooperating fully with the U.S. government in these matters. We have continued to receive related subpoenas, as well as requests for information, and may in the future receive additional related subpoenas and requests for information from such or other government authorities. Any such matters are subject to uncertainties, and we cannot predict the outcome, nor reasonably estimate a range of loss or penalties, if any, relating to these matters.

Fair Value Measurements (Tables)

12 Months Ended

Oct. 27, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for our financial assets (excluding cash balances) measured at fair value on a recurring basis:


	October 27, 2024				October 29, 2023
	Level 1		Level 2		Total		Level 1		Level 2		Total

	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	3,512	$	—	$	3,512	$	3,361	$	—	$	3,361
Bank certificates of deposit and time deposits	—		103		103		—		18		18
U.S. Treasury and agency securities	2,684		14		2,698		331		43		374
Non-U.S. government securities	—		5		5		—		6		6
Municipal securities	—		460		460		—		453		453
Commercial paper, corporate bonds and medium-term notes	—		2,590		2,590		—		2,177		2,177
Asset-backed and mortgage-backed securities	—		654		654		—		487		487
Total available-for-sale debt security investments	$	6,196	$	3,826	$	10,022	$	3,692	$	3,184	$	6,876
Equity investments with readily determinable values

Publicly traded equity securities	$	723	$	—	$	723	$	698	$	—	$	698
Total equity investments with readily determinable values	$	723	$	—	$	723	$	698	$	—	$	698
Total	$	6,919	$	3,826	$	10,745	$	4,390	$	3,184	$	7,574

_________________________

*Amounts as of October 27, 2024 and October 29, 2023 include $91 million and $101 million, respectively, invested in money market funds related to deferred compensation plans. Due to restrictions on the distribution of these funds, they are classified as restricted cash equivalents and are included in deferred income taxes and other assets in the Consolidated Balance Sheets.

Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Beginning Balance (in shares) at Oct. 31, 2021		892
Beginning Balance at Oct. 31, 2021	$ 12,247	$ 9	$ 8,247	$ 32,246	$ (27,995)	$ (260)
Treasury stock, beginning balance (in shares) at Oct. 31, 2021					1,119
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,525			6,525
Other comprehensive income (loss), net of tax	58					58
Dividends declared	(879)			(879)
Share-based compensation	413		413
Net issuance under stock plans (in shares)		6
Net issuance under stock plans	$ (67)		(67)
Common stock repurchases, (in shares)	(54)	(54)			(54)
Common stock repurchases	$ (6,103)	$ (1)			$ (6,102)
Ending Balance (in shares) at Oct. 30, 2022		844
Ending Balance at Oct. 30, 2022	12,194	$ 8	8,593	37,892	$ (34,097)	(202)
Treasury stock, ending balance (in shares) at Oct. 30, 2022					1,173
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,856			6,856
Other comprehensive income (loss), net of tax	(15)					(15)
Dividends declared	(1,022)			(1,022)
Share-based compensation	490		490
Net issuance under stock plans (in shares)		7
Net issuance under stock plans	$ 48		48
Common stock repurchases, (in shares)	(18)	(18)			(18)
Common stock repurchases	$ (2,202)				$ (2,202)
Ending Balance (in shares) at Oct. 29, 2023	833	833
Ending Balance at Oct. 29, 2023	$ 16,349	$ 8	9,131	43,726	$ (36,299)	(217)
Treasury stock, ending balance (in shares) at Oct. 29, 2023	1,191				1,191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 7,177			7,177
Other comprehensive income (loss), net of tax	49					49
Dividends declared	(1,252)			(1,252)
Share-based compensation	577		577
Net issuance under stock plans (in shares)		5
Net issuance under stock plans	$ (48)		(48)
Common stock repurchases, (in shares)	(20)	(20)			(20)
Common stock repurchases	$ (3,851)				$ (3,851)
Ending Balance (in shares) at Oct. 27, 2024	818	818
Ending Balance at Oct. 27, 2024	$ 19,001	$ 8	$ 9,660	$ 49,651	$ (40,150)	$ (168)
Treasury stock, ending balance (in shares) at Oct. 27, 2024	1,211				1,211

Industry Segment Operations - Net Sales and Long-lived Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 27,176	$ 26,517	$ 25,785
Long-lived assets	3,955	3,436
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	3,818	4,006	3,104
Long-lived assets	3,759	3,239
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	10,117	7,247	7,254
Long-lived assets	3	4
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	4,493	4,609	4,395
Long-lived assets	9	11
Taiwan
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	4,010	5,670	6,262
Long-lived assets	59	59
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	2,154	2,075	2,012
Long-lived assets	7	7
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	1,443	2,152	1,674
Long-lived assets	113	110
Southeast Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	1,141	758	1,084
Long-lived assets	5	6
Total outside United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	23,358	22,511	$ 22,681
Long-lived assets	$ 196	$ 197

Income Taxes

12 Months Ended

Oct. 27, 2024

Income Tax Disclosure [Abstract]

Income Taxes

The components of income before income taxes for each fiscal year were as follows:


	2024		2023		2022

	(In millions)
U.S.	$	833	$	1,234	$	1,171
Foreign	7,319		6,482		6,428
Total	$	8,152	$	7,716	$	7,599

The components of the provision for income taxes for each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Current:
U.S.	$	1,254	$	708	$	590
Foreign	366		456		275
State	33		54		14
	1,653		1,218		879
Deferred:
U.S.	(697)		(255)		(62)
Foreign	30		(61)		265
State	(11)		(42)		(8)
	(678)		(358)		195
Total	$	975	$	860	$	1,074

A reconciliation between the statutory U.S. federal income tax rate and our actual effective income tax rate for each fiscal year is presented below:


	2024		2023		2022
Tax provision at U.S. statutory rate	21.0	%	21.0	%	21.0	%

Effect of foreign operations taxed at various rates	(7.6)		(8.2)		(4.4)
Changes in prior years’ unrecognized tax benefits	—		(0.2)		(0.9)
Resolutions of prior years’ income tax filings	(0.1)		(0.1)		(0.2)
Research and other tax credits	(1.4)		(1.6)		(1.0)




Other	0.1		0.2		(0.4)
Total	12.0	%	11.1	%	14.1	%

Our provision for income taxes and effective tax rate are affected by the geographical composition of pre-tax income which includes jurisdictions with differing tax rates, conditional reduced tax rates and other income tax incentives. It is also affected by events that vary from period to period, such as changes in income tax laws and the resolution of prior years’ income tax filings.

Our effective tax rate for fiscal 2024 was higher than fiscal 2023 primarily due to lower tax credits in fiscal 2024, partially offset by higher proportion of pre-tax income in lower tax jurisdictions in fiscal 2024. Our effective tax rate for fiscal 2023 was lower than fiscal 2022 primarily due to a reduction of deferred tax assets that occurred in fiscal 2022, related to a new tax incentive in Singapore.

In the reconciliation between the statutory U.S. federal income tax rate and the effective income tax rate, the effect of foreign operations taxed at various rates represents the difference between an income tax provision at the U.S. federal statutory income tax rate and the recorded income tax provision, with the difference expressed as a percentage of worldwide income before income taxes. This effect is substantially related to the tax effect of pre-tax income in jurisdictions with lower statutory tax rates. The foreign operations with the most significant effective tax rate impact are in Singapore. The statutory tax rate for fiscal 2024 for Singapore is 17%. We have been granted conditional reduced tax rates that expire beginning in fiscal 2025, excluding potential renewal and subject to certain conditions with which we expect to comply. The tax benefits arising from these tax rates were $393 million or $0.47 per diluted share and $369 million or $0.44 per diluted share and $232 million or $0.26 per diluted share for fiscal 2024, 2023 and 2022, respectively.

Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. The components of deferred income tax assets and liabilities were as follows:


	October 27, 2024		October 29, 2023

	(In millions)
Deferred tax assets:
Corporate Alternative Minimum Tax	$	410	$	—
Capitalized R&D expenses	217		83
Allowance for doubtful accounts	4		4
Inventory reserves and basis difference	127		125
Installation and warranty reserves	70		35
Intangible assets	977		1,031
Accrued liabilities	24		19

Deferred revenue	72		72

Tax credits	592		536
Deferred compensation	261		217
Share-based compensation	44		50
Property, plant and equipment	101		9
Lease liability	72		98
Other	79		96
Gross deferred tax assets	3,050		2,375
Valuation allowance	(569)		(530)
Total deferred tax assets	2,481		1,845
Deferred tax liabilities:

Right of use assets	(76)		(103)

Undistributed foreign earnings	(23)		(23)


Total deferred tax liabilities	(99)		(126)
Net deferred tax assets	$	2,382	$	1,719

A valuation allowance is recorded to reflect the estimated amount of net deferred tax assets that may not be realized. Changes in the valuation allowance in each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Beginning balance	$	530	$	460	$	361
Increases	39		70		99

Ending balance	$	569	$	530	$	460

At October 27, 2024, we have state research and development tax credit carryforwards of $592 million, including $553 million of credits that are carried over until exhausted and $35 million that are carried over for 15 years and begin to expire in fiscal 2034. It is more likely than not that all tax credit carryforwards, net of valuation allowance, will be utilized.

We maintain liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored based on the best information available. Gross unrecognized tax benefits are classified as non-current income taxes payable or as a reduction in deferred tax assets. A reconciliation of the beginning and ending balances of gross unrecognized tax benefits in each fiscal year is as follows:


	2024		2023		2022

	(In millions)
Beginning balance of gross unrecognized tax benefits	$	510	$	498	$	537

Settlements with tax authorities	—		—		(25)

Increases in tax positions for current year	25		28		26
Increases in tax positions for prior years	13		—		28
Decreases in tax positions for prior years	(4)		(16)		(68)
Ending balance of gross unrecognized tax benefits	$	544	$	510	$	498

Tax expense for interest and penalties on unrecognized tax benefits for fiscal 2024, 2023 and 2022 was $45 million, $34 million and $14 million, respectively. The income tax liability for interest and penalties for fiscal 2024, 2023 and 2022 was $181 million, $136 million and $103 million, respectively, and was classified as non-current income taxes payable.

Included in the balance of unrecognized tax benefits for fiscal 2024, 2023 and 2022 are $397 million, $386 million, and $388 million, respectively, of tax benefits that, if recognized, would affect the effective tax rate.

Our tax returns remain subject to examination by taxing authorities. These include U.S. returns for fiscal 2015 and later years, and foreign tax returns for fiscal 2011 and later years.

The timing of the resolution of income tax examinations, as well as the amounts and timing of various tax payments that may be part of the settlement process, is highly uncertain. This could cause fluctuations in our financial condition and results of operations. We continue to have ongoing negotiations with various taxing authorities throughout the year, and evaluate all domestic and foreign tax audit issues in the aggregate, along with the expiration of applicable statutes of limitations.

We believe it is reasonably possible that the amount of gross unrecognized tax benefits related to foreign operations could be reduced by approximately $200 million in the next 12 months as a result of the resolution of tax matters or the lapse of statute of limitations.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Accounts Receivable, Net	12 Months Ended
Accounts Receivable, Net	Oct. 27, 2024
Receivables [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net We have agreements with various financial institutions to sell accounts receivable and discount promissory notes from selected customers. We sell our accounts receivable generally without recourse. From time to time, we also discount letters of credit issued by customers through various financial institutions. The discounting of letters of credit depends on many factors, including the willingness of financial institutions to discount the letters of credit and the cost of such arrangements. We sold $0.4 billion, $0.7 billion and $1.0 billion of accounts receivable during fiscal 2024, 2023 and 2022, respectively. We did not discount letters of credit issued by customers in fiscal 2024, 2023 and 2022. There was no discounting of promissory notes in each of fiscal 2024, 2023 and 2022. Financing charges on the sale of receivables and discounting of letters of credit are included in interest expense in the accompanying Consolidated Statements of Operations and were not material for all years presented. We maintain an allowance for credit losses for estimated losses resulting from the inability of our customers to make required payments. This allowance is based on historical experience, credit evaluations, specific customer collection history and any customer-specific issues we have identified. Changes in circumstances, such as an unexpected material adverse change in a major customer’s ability to meet its financial obligation to us or its payment trends, may require us to further adjust our estimates of the recoverability of amounts due to us. Bad debt expense and any reversals are recorded in marketing and selling expenses in the Consolidated Statement of Operations. The balances of allowance for credit losses and changes in allowance for credit losses were not material for fiscal 2024, 2023 and 2022. We sell our products principally to manufacturers within the semiconductor and display industries. While we believe that our allowance for credit losses is adequate and represents our best estimate as of October 27, 2024, we continue to closely monitor customer liquidity and industry and economic conditions, which may result in changes to our estimates.

Contract Balances and Performance Obligations (Tables)

12 Months Ended

Oct. 27, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Contract Balances

Contract balances at the end of each reporting period were as follows:


	October 27, 2024		October 29, 2023
	(In millions)

Contract assets	$	269	$	274
Contract liabilities	$	2,849	$	2,975

Accounts Receivable, Net (Details) - USD ($)	12 Months Ended
Accounts Receivable, Net (Details) - USD ($)	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Receivables [Abstract]
Factored accounts receivable	$ 400,000,000	$ 700,000,000	$ 1,000,000,000.0
Discounted letters of credit	0	0	0
Discounted promissory notes	$ 0	$ 0	$ 0

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Income Statement [Abstract]
Net revenue	$ 27,176	$ 26,517	$ 25,785
Cost of products sold	14,279	14,133	13,792
Gross profit	12,897	12,384	11,993
Operating expenses:
Research, development and engineering	3,233	3,102	2,771
Marketing and selling	836	776	703
General and administrative	961	852	735
Severance and related charges	0	0	(4)
Total operating expenses	5,030	4,730	4,205
Income from operations	7,867	7,654	7,788
Interest expense	247	238	228
Interest and other income (expense), net	532	300	39
Income before income taxes	8,152	7,716	7,599
Provision for income taxes	975	860	1,074
Net income	$ 7,177	$ 6,856	$ 6,525
Earnings per share:
Basic (in dollars per share)	$ 8.68	$ 8.16	$ 7.49
Diluted (in dollars per share)	$ 8.61	$ 8.11	$ 7.44
Weighted average number of shares:
Basic (in shares)	827	840	871
Diluted (in shares)	834	845	877

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Unrecognized Tax Benefits [Roll Forward]
Beginning balance of gross unrecognized tax benefits	$ 510	$ 498	$ 537
Settlements with tax authorities	0	0	(25)
Increases in tax positions for current year	25	28	26
Increases in tax positions for prior years	13	0	28
Decreases in tax positions for prior years	(4)	(16)	(68)
Ending balance of gross unrecognized tax benefits	$ 544	$ 510	$ 498

Employee Benefit Plans (Details) $ in Millions	12 Months Ended
Employee Benefit Plans (Details) $ in Millions	Oct. 27, 2024 USD ($) Plan	Oct. 29, 2023 USD ($)	Oct. 30, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Charges to expense under Employee bonus plans	$ 837	$ 702	$ 623
Number of unfunded plans \| Plan	2
Executive Deferred Compensation Plans
Defined Benefit Plan Disclosure [Line Items]
Amounts payable under EDCP	$ 357	$ 245

Audit Information	12 Months Ended
Audit Information	Oct. 27, 2024
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Santa Clara, California
Auditor Firm ID	185

Industry Segment Operations - Schedule of Segment Reporting (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Segment Reporting Information [Line Items]
Net revenue	$ 27,176	$ 26,517	$ 25,785
Operating Income (Loss)	7,867	7,654	7,788
Deprecation/Amortization	392	515	444
Capital Expenditures	1,190	1,106	787
Accounts Receivable	5,234	5,165	6,068
Inventories	5,421	5,725	5,932
Operating Segments \| Semiconductor Systems
Segment Reporting Information [Line Items]
Net revenue	19,911	19,698	18,797
Operating Income (Loss)	6,981	6,879	6,790
Deprecation/Amortization	168	235	203
Capital Expenditures	425	381	249
Accounts Receivable	3,816	3,943	4,924
Inventories	2,988	3,433	3,995
Operating Segments \| Applied Global Services
Segment Reporting Information [Line Items]
Net revenue	6,225	5,732	5,543
Operating Income (Loss)	1,812	1,529	1,555
Deprecation/Amortization	22	31	31
Capital Expenditures	35	39	38
Accounts Receivable	1,297	1,111	997
Inventories	2,306	2,073	1,788
Operating Segments \| Display
Segment Reporting Information [Line Items]
Net revenue	885	868	1,331
Operating Income (Loss)	51	114	243
Deprecation/Amortization	12	19	31
Capital Expenditures	29	13	30
Accounts Receivable	197	184	148
Inventories	113	200	129
Corporate and Other
Segment Reporting Information [Line Items]
Net revenue	155	219	114
Operating Income (Loss)	(977)	(868)	(800)
Deprecation/Amortization	190	230	179
Capital Expenditures	701	673	470
Accounts Receivable	(76)	(73)	(1)
Inventories	$ 14	$ 19	$ 20

Borrowing Facilities and Debt

12 Months Ended

Oct. 27, 2024

Debt Disclosure [Abstract]

Borrowing Facilities and Debt

Revolving Credit Facilities

In February 2020, we entered into a five-year $1.5 billion committed unsecured revolving credit agreement (Revolving Credit Agreement) with a group of banks. The Revolving Credit Agreement includes a provision under which we may request an increase in the amount of the facility of up to $500 million for a total commitment of no more than $2.0 billion, subject to the receipt of commitments from one or more lenders for any such increase and other customary conditions. The Revolving Credit Agreement is scheduled to expire in February 2026, unless extended as permitted under the Revolving Credit Agreement. The Revolving Credit Agreement provides for borrowings that bear interest for each advance at one of two rates selected by us, plus an applicable margin, which varies according to our public debt credit ratings.

No amounts were outstanding under the Revolving Credit Agreement as of October 27, 2024 and October 29, 2023.

In addition, we have revolving credit facilities with Japanese banks pursuant to which we may borrow up to approximately $52 million in aggregate at any time. Our ability to borrow under these facilities is subject to bank approval at the time of the borrowing request, and any advances will be at rates indexed to the banks’ prime reference rate denominated in Japanese yen. As of October 27, 2024 and October 29, 2023, no amounts were outstanding under these revolving credit facilities.

Short-term Commercial Paper

We have a short-term commercial paper program under which we may issue unsecured commercial paper notes of up to a total amount of $1.5 billion. The proceeds from the issuances of commercial paper are used for general corporate purposes. At October 27, 2024, we had $100 million of commercial paper notes outstanding and recorded as short-term debt with a weighted-average interest rate of 5.06% and maturities of 63 days, and as of October 29, 2023, we had $100 million of commercial paper notes outstanding and recorded as short-term debt with a weighted-average interest rate of 5.39% and maturities of 90 days.

Senior Unsecured Notes

In June 2024, we issued $700 million aggregate principal amount of 4.800% senior unsecured notes due 2029 in a registered public offering. The proceeds from the issuance of the senior unsecured notes are intended for general corporate purposes.

Debt outstanding as of October 27, 2024 and October 29, 2023 was as follows:


	Principal Amount
	October 27, 2024		October 29, 2023		Effective Interest Rate	Interest Pay Dates
	(In millions)
Current portion of long-term debt:
3.900% Senior Notes Due 2025	$	700	$	—	3.944%	April 1, October 1
Total current portion of long-term debt	$	700	$	—
Long-term debt:

3.900% Senior Notes Due 2025	$	—	$	700	3.944%	April 1, October 1
3.300% Senior Notes Due 2027	1,200		1,200		3.342%	April 1, October 1
4.800% Senior Notes Due 2029	700		—		4.844%	June 15, December 15
1.750% Senior Notes Due 2030	750		750		1.792%	June 1, December 1
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
5.850% Senior Notes Due 2041	600		600		5.879%	June 15, December 15
4.350% Senior Notes Due 2047	1,000		1,000		4.361%	April 1, October 1
2.750% Senior Notes Due 2050	750		750		2.773%	June 1, December 1
	5,500		5,500
Total unamortized discount	(10)		(11)
Total unamortized debt issuance costs	(30)		(28)
Total long-term debt	$	5,460	$	5,461

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Income Taxes - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Income Tax Examination [Line Items]
Tax holiday benefit	$ 393	$ 369	$ 232
Tax holiday benefit per diluted share (in dollars per share)	$ 0.47	$ 0.44	$ 0.26
Unrecognized tax benefits, decrease resulting from settlements with taxing authorities	$ 0	$ 0	$ 25
Income tax penalties and interest expense (benefit)	45	34	14
Unrecognized tax benefits that would impact effective tax rate	397	386	388
Noncurrent Liabilities
Income Tax Examination [Line Items]
Interest and penalties related to uncertain tax positions	181	$ 136	$ 103
Foreign Tax Jurisdiction
Income Tax Examination [Line Items]
Reduction in unrecognized tax benefits (up to)	200
Research and development tax credit carryforwards \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards	592
Carried over until exhausted \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards	553
Carried over the next fifteen years \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards	$ 35
Tax credit carryforward, term	15 years
Singapore
Income Tax Examination [Line Items]
Foreign statutory income tax rate	17.00%

Balance Sheet Detail - Inventories (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Inventories
Customer service spares	$ 1,742	$ 1,589
Raw materials	1,680	1,653
Work-in-process	879	997
Finished goods
Deferred cost of sales	217	413
Evaluation inventory	459	423
Manufactured on-hand inventory	444	650
Total finished goods	1,120	1,486
Total inventories	$ 5,421	$ 5,725	$ 5,932

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards (Policies)	12 Months Ended
	Oct. 27, 2024
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Applied Materials, Inc. and its subsidiaries (we, us, and our) after elimination of intercompany balances and transactions. All references to a fiscal year apply to our fiscal year which ends on the last Sunday in October. Fiscal 2024, 2023 and 2022 each contained 52 weeks. Each fiscal quarter of 2024, 2023 and 2022 contained 13 weeks.
Reclassification	Certain prior-year amounts have been reclassified to conform to current-year presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, we evaluate our estimates, including those related to standalone selling price (SSP) related to revenue recognition, accounts receivable and sales allowances, fair values of financial instruments, inventories, intangible assets and goodwill, useful lives of intangible assets and property, plant and equipment, fair values of share-based awards, warranty, and income taxes, among others. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Cash Equivalents	Cash Equivalents All highly-liquid investments with a remaining maturity of three months or less at the time of purchase are considered to be cash equivalents. Cash equivalents consist primarily of investments in institutional money market funds and investment grade commercial paper.
Investments	Investments All of our investments, except equity investments, are classified as available-for-sale at the respective balance sheet dates. Investments classified as available-for-sale are measured and recorded in the Consolidated Balance Sheets at fair value, and unrealized gains and losses, net of tax, are reported as a separate component of other comprehensive income. Interest earned on cash and investments, as well as realized gains and losses on sale of securities, are included in interest and other income, net in the Consolidated Statements of Operations. Our equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market. Privately held equity investments without readily determinable fair value are measured at cost, less impairment, adjusted by observable price changes. Adjustments resulting from impairments and observable price changes are recorded in interest and other income, net in the Consolidated Statements of Operations. Investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments.
Fair Value Measurements	Fair Value Measurements Our financial assets are measured and recorded at fair value on a recurring basis, except for equity investments in privately held companies. These equity investments are generally accounted for under the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes and are periodically assessed for impairment when events or circumstances indicate that a decline in value may have occurred. Our nonfinancial assets, such as goodwill, intangible assets, and property, plant and equipment, are recorded at cost and are assessed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. We use the following hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: •Level 1 — Quoted prices in active markets for identical assets or liabilities; •Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and •Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In determining the fair value of our debt securities investments, we use pricing information from pricing services that value securities based on quoted market prices and models that utilize observable market inputs. In the event a fair value estimate is unavailable from a pricing service, we generally obtain non-binding price quotes from brokers. In addition, to validate pricing information obtained from pricing services, we periodically perform supplemental analysis on a sample of securities. We review any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of October 27, 2024, substantially all of our available-for-sale, short-term and long-term investments were recognized at fair value that was determined based upon observable inputs or quoted prices. Our equity investments with readily determinable values are measured at fair value using quoted prices for identical assets in an active market and the changes in fair value of these equity investments are recognized in the consolidated statements of operations.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, with approximate cost determined on a first-in, first-out (FIFO) basis. We adjust inventory carrying value for estimated obsolescence equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. We fully write down inventories and noncancelable purchase orders for inventory deemed obsolete. We perform periodic reviews of inventory items to identify excess inventories on hand by comparing on-hand balances to anticipated usage using recent historical activity as well as anticipated or forecasted demand. If estimates of customer demand diminish further or market conditions become less favorable than those projected by us, additional inventory adjustments may be required.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. In connection with our periodic review of estimated useful lives of the property, plant and equipment, we have increased the estimated useful lives of certain assets effective as of the beginning of fiscal 2024. The updated estimated useful lives of certain assets for financial reporting purposes are as follows: buildings and improvements, 3 to 30 years with certain buildings and improvements’ useful lives increased by 5 years; demonstration and manufacturing equipment increased to 5 to 8 years. The estimated useful lives for the following assets remained unchanged from fiscal 2023: software, 3 to 5 years; and furniture, fixtures and other equipment, 3 to 5 years. Land improvements are amortized over the shorter of 15 years or the estimated useful life. Leasehold improvements are amortized over the shorter of five years or the lease term. The change in accounting estimate was applied on a prospective basis to the assets on our balance sheet as of October 29, 2023, as well as to subsequent asset purchases. Based on the net carrying amounts of assets in use as of the end of fiscal 2023, the impact of this change was a reduction of $128 million in depreciation expense during fiscal 2024, and an increase of $0.12 in both basic and diluted earnings per share for fiscal 2024.
Government Assistance	Government Assistance We receive government assistance from various domestic and foreign governments in the form of cash grants or refundable tax credits. These arrangements incentivize us to continue growing our capital investments and research and development activities. Government incentives generally contain conditions that must be met in order for the assistance to be earned. We recognize the incentives when there is reasonable assurance that we will comply with all conditions specified in the incentive arrangement and the incentive will be received. We record capital expenditure related incentives as an offset to the associated property, plant and equipment, net within our Consolidated Balance Sheets and recognize a reduction to depreciation expense over the useful life of the corresponding acquired asset. We record incentives related to operating activities as a reduction to expense in the same line item on the Consolidated Statements of Operations as the expenditure for which the grant is intended to compensate.
Acquisitions	Acquisitions We account for the acquisition of a business using the acquisition method of accounting. Our methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. We allocate the fair value of the purchase consideration of our acquisitions to the tangible assets, liabilities, and intangible assets acquired, including in-process technology, based on their estimated fair values. Goodwill is measured as the excess of the purchase price over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. We assign assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically, acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process. The value assigned to intangible assets is usually based on estimates and judgments regarding expectations for the success and life cycle of products and technology acquired.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is not amortized but is reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill requires judgment. When reviewing goodwill for impairment, we first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, we consider business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value. If the carrying value of a reporting unit exceeds its fair value, we would record an impairment charge equal to the excess of the carrying value of the reporting unit over its fair value. In the fourth quarter of fiscal 2024, we performed a qualitative assessment to test goodwill for all of our reporting units for impairment. we determined that it was more likely than not that each of our reporting units’ fair values exceeded their respective carrying values and that it was not necessary to perform the quantitative goodwill impairment test for any of our reporting units. No goodwill impairment was recorded during fiscal 2024, 2023 and 2022. Intangible assets with finite lives are presented at cost, net of accumulated amortization, and are amortized over their estimated useful lives of 1 to 15 years using the straight-line method. We evaluate the useful lives of our intangible assets each reporting period to determine whether events and circumstances require revising the remaining period of amortization. Intangible assets with infinite lives are not subject to amortization and consist primarily of in-process technology, which will be subject to amortization upon commercialization. If an in-process technology project is abandoned, the acquired technology attributable to the project will be written-off. The carrying values of our intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable. The balances of our intangible assets were not material as of October 27, 2024 or October 29, 2023 and amortization expenses were not material for fiscal 2024, 2023 and 2022.
Long-Lived Assets	Long-Lived Assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate the carrying value of an asset or asset group may not be recoverable. We assess the recoverability of the assets by comparing the undiscounted future cash flow expected to result from the use and eventual disposal of the assets to their respective carrying value. If not recoverable, we recognize an impairment loss to the excess of the carrying value over the fair value of those assets, and reduce the carrying value of the assets to their respective fair value. Fair value is determined by available market valuations, when available and appropriate, or by discounted cash flows.
Leases	Leases A contract contains a lease when we have the right to control the use of an identified asset for a period of time in exchange for consideration. We lease certain facilities, vehicles and equipment under non-cancelable operating leases, many of which include options to renew. Options that are reasonably certain to be exercised are included in the calculation of the right-of-use asset and lease liability. Our finance leases are those that contain a purchase option which we are reasonably certain to exercise at the end of the lease term. Our leases do not contain residual value guarantees or significant restrictions that impact the accounting for leases. As implicit rates are not available for the leases, we use the incremental borrowing rate as of the lease commencement date in order to measure the right-of-use asset and liability. Operating lease expense is generally recognized on a straight-line basis over the lease term. Finance lease expense is generally recognized on a straight-line basis over the life of the underlying leased asset. We elected the practical expedient to account for lease and non-lease components as a single lease component for all leases. For leases with a term of one year or less, we elected not to record a right-of-use asset or lease liability and to account for the associated lease payments as they become due. A majority of our lease arrangements are operating leases. The balances of our operating leases right-of-use assets and liabilities were not material as of October 27, 2024 or October 29, 2023. Operating lease cost for fiscal 2024, 2023 and 2022 was not material.
Revenue Recognition from Contracts with Customers	Revenue Recognition from Contracts with Customers We recognize revenue when promised goods or services are transferred to a customer in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. We determine revenue recognition through the following five steps: (1) identification of the contract(s) with customers, (2) identification of the performance obligations in the contract, (3) determination of the transaction price, (4) allocation of the transaction price to the performance obligations in the contract, and (5) recognition of revenue when, or as, a performance obligation is satisfied. Identifying the contract(s) with customers. We sell equipment, services, and spare parts directly to our customers in the semiconductor, display, and related industries. We generally consider written documentation including, but not limited to, signed purchase orders, master agreements, and sales orders as contracts provided that collection is probable. Collectability is assessed based on the customer’s creditworthiness determined by reviewing the customer’s published credit and financial information, historical payment experience, as well as other relevant factors. Identifying the performance obligations. Our performance obligations include delivery of equipment, service agreements, spare parts, installation, extended warranty and training. Our service agreements are considered one performance obligation and may include multiple goods and services that we provide to the customer to deliver against a performance metric. Judgment is used to determine whether multiple promised goods or services in a contract should be accounted for separately or as a group. Determine the transaction price. The transaction price for our contracts with customers may include fixed and variable consideration. We include variable consideration in the transaction price to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Allocate the transaction price to the performance obligations. A contract’s transaction price is allocated to each distinct performance obligation identified within the contract. We generally estimate the standalone selling price of a distinct performance obligation based on historical cost plus an appropriate margin. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation using the relative standalone selling price of each distinct good or service in the contract. Recognizing the revenue as performance obligations are satisfied. We recognize revenue from equipment and spares parts at a point in time when we have satisfied our performance obligation by transferring control of the goods to the customer which typically occurs at shipment or delivery. Revenue from service agreements is recognized over time, typically within 12 months, as customers receive the benefits of services. The incremental costs to obtain a contract are not material. Payment Terms. Payment terms vary by contract. Generally, the majority of payments are due within a certain number of days from shipment of goods or performance of service. The remainder is typically due upon customer technical acceptance. In certain circumstances we may receive deposits from customers for future deliverables. Our payment terms do not generally contain a significant financing component. Shipping and Handling Costs We account for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated products. Accordingly, amounts billed for shipping and handling costs are recorded as a component of net revenue and costs as a component of cost of products sold.
Warranty	Warranty Our products are generally sold with a warranty for a 12-month period following installation. Parts and labor are covered under the terms of the warranty agreement. We provide for the estimated cost of warranty when revenue is recognized. Estimated warranty costs are determined by analyzing specific product, current and historical configuration statistics and regional warranty support costs. Our warranty obligation is affected by product and component failure rates, material usage and labor costs incurred in correcting product failures during the warranty period. If actual warranty costs differ substantially from our estimates, revisions to the estimated warranty liability would be required. Quarterly warranty consumption is generally associated with sales that occurred during the preceding four quarters, and quarterly warranty provisions are generally related to the current quarter’s sales. We also sell extended warranty contracts to our customers which provide an extension of the standard warranty coverage period of up to 2 years. We receive payment at the inception of the contract and recognizes revenue ratably over the extended warranty coverage period, as the customer simultaneously receives and consumes the benefits of the extended warranty. Our warranty reserves balances and the components of changes in our warranty reserves were not material for all periods presented.
Sales and Value Added Taxes	Sales and Value Added Taxes Taxes collected from customers and remitted to governmental authorities are presented on a net basis in the Consolidated Statements of Operations.
Research, Development and Engineering Costs	Research, Development and Engineering Costs Research, development and engineering costs are expensed as incurred.
Income Taxes	Income Taxes We recognize a current tax liability for the estimated amount of income tax payable on tax returns for the current fiscal year. Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. Deferred tax assets and liabilities are measured based on enacted tax rates that are expected to apply in the period in which the assets are realized or the liabilities are settled. Deferred tax assets and liabilities are adjusted for the effect of a change in tax rates, laws, or status when the change is enacted. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized from such positions are estimated based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Any changes in judgment related to uncertain tax positions are recognized in our provision for income taxes in the quarter in which such change occurs. Interest and penalties related to uncertain tax positions are recognized in our provision for income taxes.
Derivative Financial Instruments	Derivative Financial Instruments We use financial instruments, such as foreign currency forward and option contracts, to hedge a portion of, but not all, existing and anticipated foreign currency denominated transactions typically expected to occur within 24 months. The purpose of our foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. In certain cases, we also use interest rate swap or lock agreements to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. The terms of derivative financial instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. Our derivative financial instruments are recorded as assets or liabilities at fair value and reported gross on our Consolidated Balance Sheets. However, under master netting agreements in place with our counterparties, we may net settle transactions of the same currency under certain circumstances. For derivative instruments designated and qualifying as cash flow hedges, the gain or loss is reported as a component of accumulated other comprehensive income (loss) in stockholders’ equity, and is reclassified into earnings when the hedged transaction affects earnings. Any portion excluded from the assessment of effectiveness is recognized in the same line as the hedged transaction but may be recognized in a different manner, e.g. amortized. If a hedged transaction becomes probable of not occurring according to the original strategy, the hedge relationship is discontinued and we recognize the gain or loss on the associated derivative in earnings. For hedges of existing foreign currency denominated assets or liabilities, the gain or loss is recorded in earnings in the same period to offset the changes in the fair value of the assets or liabilities being hedged. We do not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of our derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses. Hedges related to anticipated transactions are designated and documented at the inception of the hedge as cash flow hedges and foreign exchange derivatives are typically entered into once per month. Cash flow hedges are evaluated for effectiveness quarterly. The effective portion of the gain or loss on these hedges is reported as a component of AOCI in stockholders’ equity and is reclassified into earnings when the hedged transaction affects earnings. The majority of the after-tax net income or loss related to foreign exchange derivative instruments included in AOCI at October 27, 2024 is expected to be reclassified into earnings within 12 months. Changes in fair value caused by changes in time value of option contracts designated as cash flow hedges are excluded from the assessment of effectiveness. The initial value of this excluded component is amortized on a straight-line basis over the life of the hedging instrument and recognized in the financial statement line item to which the hedge relates. If the transaction being hedged is probable not to occur, we recognize the gain or loss on the associated financial instrument in the consolidated statement of operations. Foreign currency forward contracts are generally used to hedge certain foreign currency denominated assets or liabilities. Accordingly, changes in the fair value of these hedges are recorded in earnings to offset the changes in the fair value of the assets or liabilities being hedged.
Foreign Currency	Foreign Currency As of October 27, 2024, all of our subsidiaries use the United States dollar as their functional currency. Accordingly, assets and liabilities of these subsidiaries are remeasured using exchange rates in effect at the end of the period, except for non-monetary assets, such as inventories and property, plant and equipment, which are remeasured using historical exchange rates. Foreign currency-denominated revenues and costs are remeasured using average exchange rates for the period, except for costs related to the non-monetary assets and liabilities, which are remeasured using historical exchange rates. The resulting remeasurement gains and losses are included in interest and other income, net in the Consolidated Statements of Operations as incurred.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash equivalents, investments, trade accounts receivable and derivative financial instruments used in hedging activities. We invest in a variety of financial instruments, such as, but not limited to, commercial paper, corporate bonds, municipal securities, United States Treasury and agency securities, and asset-backed and mortgage-backed securities, and, by policy, limits the amount of credit exposure with any one financial institution or commercial issuer. We are exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments but do not expect any counterparties to fail to meet their obligations. We perform ongoing credit evaluations of our customers’ financial condition and generally require no collateral to secure accounts receivable. We maintain an allowance for potentially uncollectible accounts receivable based on our assessment of the collectability of accounts receivable. We regularly review the allowance by considering factors such as historical experience, credit quality, age of the accounts receivable balances, and current economic conditions that may affect a customer’s ability to pay. In addition, we utilize deposits and/or letters of credit to mitigate credit risk when considered appropriate.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Contract Assets and Contract Liabilities from Revenue Contracts with Customers in a Business Combination. In October 2021, the Financial Accounting Standards Board (FASB) issued an accounting standard update to improve the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination (Topic 805). This amendment improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. We adopted this authoritative guidance in the first quarter of fiscal 2024 and the impact of the adoption depends on the facts and circumstances of future acquisitions. During fiscal 2024, the adoption of this guidance had no impact to our consolidated financial statements as there were no acquisitions during the year.
Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis	Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis Our equity investments without readily determinable values consist of equity investments in privately held companies. We elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and are required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment losses on equity investments in privately held companies, included in the above table, were not material during fiscal 2024 and 2022 and were $121 million during fiscal 2023. These impairment losses are included in interest and other income (expense), net in the Consolidated Statement of Operations.
Accounts Receivable, Net	We maintain an allowance for credit losses for estimated losses resulting from the inability of our customers to make required payments. This allowance is based on historical experience, credit evaluations, specific customer collection history and any customer-specific issues we have identified. Changes in circumstances, such as an unexpected material adverse change in a major customer’s ability to meet its financial obligation to us or its payment trends, may require us to further adjust our estimates of the recoverability of amounts due to us. Bad debt expense and any reversals are recorded in marketing and selling expenses in the Consolidated Statement of Operations.
Contract Assets and Liabilities	Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract assets are generally classified as current and are included in Other Current Assets in the Consolidated Balance Sheets. Contract liabilities are classified as current or non-current based on the timing of when performance obligations will be satisfied and associated revenue is expected to be recognized.
Treasury Stock	We record treasury stock purchases under the cost method using the first-in, first-out (FIFO) method. Upon reissuance of treasury stock, amounts in excess of the acquisition cost are credited to additional paid in capital. If we reissue treasury stock at an amount below our acquisition cost and additional paid in capital associated with prior treasury stock transactions is insufficient to cover the difference between the acquisition cost and the reissue price, this difference is recorded against retained earnings.
Share-based Compensation	The cost associated with share-based awards is typically recognized over the awards’ service period for the entire award on a straight-line basis, adjusting for estimated forfeitures. However, in the case of share-based awards granted to certain members of senior management that allow for partial accelerated vesting in the event of a qualifying retirement based on age and years of service, the compensation expense is recognized once the individual meets the conditions for a qualifying retirement. We calculate estimated forfeiture rate on an annual basis, based on historical forfeiture activities. The cost associated with performance-based equity awards, which include performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of performance-based equity awards subject to performance goals is recognized based on an assessment of the likelihood that the applicable performance goals will be achieved, and the cost of the portion of performance-based equity awards subject to market goals is recognized based on the assumption of 100% achievement of the goal.

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Numerator:
Net income	$ 7,177	$ 6,856	$ 6,525
Denominator:
Weighted average common shares outstanding (in shares)	827	840	871
Effect of weighted dilutive restricted stock units and employee stock purchase plan shares (in shares)	7	5	6
Denominator for diluted earnings per share (in shares)	834	845	877
Basic earnings per share (in dollars per share)	$ 8.68	$ 8.16	$ 7.49
Diluted earnings per share (in dollars per share)	$ 8.61	$ 8.11	$ 7.44
Potentially weighted dilutive securities (in shares)	0	0	3

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Oct. 27, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Balance Sheet Detail - Other Current Assets (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Other Current Assets
Prepaid income taxes and income taxes receivable	$ 120	$ 412
Prepaid expenses and other	974	976
Total other current assets	$ 1,094	$ 1,388

Balance Sheet Detail - Other Liabilities (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Other Liabilities
Defined and postretirement benefit plans	$ 142	$ 126
Operating lease liabilities, non-current	$ 259	$ 252
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Total other liabilities	Total other liabilities
Other	$ 409	$ 336
Total other liabilities	$ 810	$ 714

Stockholders' Equity, Comprehensive Income and Share-Based Compensation

12 Months Ended

Oct. 27, 2024

Equity [Abstract]

Stockholders' Equity, Comprehensive Income and Share-Based Compensation

Stockholders’ Equity, Comprehensive Income and Share-Based Compensation

Accumulated Other Comprehensive Income (Loss)

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 31, 2021	$	(1)	$	(103)	$	(169)	$	13	(260)


Other comprehensive income (loss) before reclassifications	(60)		100		71		—		111
Amounts reclassified out of AOCI	(14)		(49)		10		—		(53)
Other comprehensive income (loss), net of tax	(74)		51		81		—		58
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, 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 (loss), net of tax	43		31		(25)		—		49
Balance at October 27, 2024	$	(7)	$	(87)	$	(87)	$	13	$	(168)

The tax effects on net income of amounts reclassified from AOCI were not material for the fiscal 2024, 2023 and 2022.

In March 2023, our Board of Directors approved a common stock repurchase program authorizing $10.0 billion in repurchases, which supplemented the previously existing $6.0 billion authorization approved in March 2022. At October 27, 2024, approximately $8.9 billion remained available for future stock repurchases under the repurchase program.

The following table summarizes our stock repurchases, including excise tax, for each fiscal year:


	2024		2023		2022

	(In millions, except per share amounts)
Shares of common stock repurchased	20		18		54
Cost of stock repurchased (including excise tax)*	$	3,851	$	2,202	$	6,103
Average price paid per share (including excise tax)*	$	190.27	$	123.63	$	113.84
Cost of stock repurchased (excluding excise tax)	$	3,823	$	2,189	$	6,103
Average price paid per share (excluding excise tax)	$	188.87	$	122.89	$	113.84

(*) Effective January 1, 2023, 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.

We record treasury stock purchases under the cost method using the first-in, first-out (FIFO) method. Upon reissuance of treasury stock, amounts in excess of the acquisition cost are credited to additional paid in capital. If we reissue treasury stock at an amount below our acquisition cost and additional paid in capital associated with prior treasury stock transactions is insufficient to cover the difference between the acquisition cost and the reissue price, this difference is recorded against retained earnings.

Dividends

During fiscal 2024, our Board of Directors declared one quarterly cash dividend of $0.32 per share and three quarterly cash dividends of $0.40 per share. During fiscal 2023, our Board of Directors declared one quarterly cash dividend of $0.26 per share and three quarterly cash dividends of $0.32 per share. During fiscal 2022, our Board of Directors declared one quarterly cash dividend of $0.24 per share and three quarterly cash dividends of $0.26 per share. Dividends paid during fiscal 2024, 2023 and 2022 amounted to $1.2 billion, $975 million and $873 million, respectively. We currently anticipate that cash dividends will continue to be paid on a quarterly basis, although the declaration of any future cash dividend is at the discretion of the Board of Directors and will depend on our financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination by the Board of Directors that cash dividends are in the best interests of our stockholders.

Share-Based Compensation

We have a stockholder-approved equity plan, the Employee Stock Incentive Plan (ESIP), which permits grants to employees of share-based awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, performance share units and performance units. In addition, the plan provides for the automatic grant of restricted stock units to non-employee directors and permits the grant of share-based awards to non-employee directors and consultants. Share-based awards made under the plan may be subject to accelerated vesting under certain circumstances in the event of a change in control. In addition, we have an Omnibus Employees’ Stock Purchase Plan (ESPP), which enables eligible employees to purchase our common stock.

We recognized share-based compensation expense related to equity awards and ESPP shares. The effect of share-based compensation on the results of operations and the related tax benefits for each fiscal year were as follows:


	2024		2023		2022

	(In millions)
Cost of products sold	$	134	$	180	$	147
Research, development, and engineering	219		179		151
Marketing and selling	72		55		49
General and administrative	152		76		66

Total share-based compensation	$	577	$	490	$	413

Income tax benefits recognized	$	73	$	63	$	51

The cost associated with share-based awards is typically recognized over the awards’ service period for the entire award on a straight-line basis, adjusting for estimated forfeitures. However, in the case of share-based awards granted to certain members of senior management that allow for partial accelerated vesting in the event of a qualifying retirement based on age and years of service, the compensation expense is recognized once the individual meets the conditions for a qualifying retirement. We calculate estimated forfeiture rate on an annual basis, based on historical forfeiture activities. The cost associated with performance-based equity awards, which include performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of performance-based equity awards subject to performance goals is recognized based on an assessment of the likelihood that the applicable performance goals will be achieved, and the cost of the portion of performance-based equity awards subject to market goals is recognized based on the assumption of 100% achievement of the goal.

At October 27, 2024, we had $911 million in total unrecognized compensation expense, net of estimated forfeitures, related to grants of share-based awards under the ESIP and shares issued under the ESPP, which will be recognized over a weighted average period of 2.4 years. At October 27, 2024, there were 21 million shares available for grant of share-based awards under the ESIP, and an additional 10 million shares available for issuance under the ESPP.

Stock Options

Stock options are rights to purchase, at future dates, shares of our common stock. There were no stock options granted during fiscal 2024, 2023 and 2022 and no outstanding stock options at the end of fiscal 2024.

Restricted Stock Units, Restricted Stock, Performance Share Units and Performance Units

Restricted stock units are converted into shares of our common stock upon vesting on a one-for-one basis. Restricted stock has the same rights as other issued and outstanding shares of our common stock except these shares generally have no right to dividends and are held in escrow until the award vests. Performance share units and performance units are awards that result in a payment to a grantee, generally in shares of our common stock on a one-for-one basis, if performance goals, market goals and/or other vesting criteria are achieved or the awards otherwise vest. Restricted stock units, restricted stock, performance share units and performance units typically vest over three to four years and vesting is usually subject to the grantee’s continued service with us and, in some cases, achievement of specified performance and/or market goals.

The compensation expense related to share-based awards subject solely to time-based vesting requirements (Service-Based Awards) is determined using the market value of our common stock, adjusted to exclude the present value of expected dividends during the vesting period. The market value of our common stock is calculated using the closing price of our common stock on the date of grant, or if the grant date is not a trading date, the average of the closing prices on the trading dates immediately preceding and following the grant date.

During fiscal 2024, 2023 and 2022, certain members of senior management were granted awards that are subject to the achievement of certain levels of specified performance and market goals, in addition to time-based vesting requirements (Performance Based-Awards). These Performance-Based Awards are subject to the achievement of targeted levels of adjusted operating margin and targeted levels of total shareholder return (TSR) relative to the TSR of the companies in the Standard & Poor’s 500 Index. Each of these two metrics will be weighted 50% and will be measured over a three-year period. The number of shares that may vest in full after three years ranges from 0% to 200% of the target amount. The awards become eligible to vest only if the goals are achieved and will vest only if the grantee remains employed by us through each applicable vesting date, subject to a qualifying retirement based on age and years of service. The awards provide for a partial vesting based on actual performance at the conclusion of the three-year performance period in the event of a qualifying retirement.

The fair value of the portion of the Performance-Based Awards subject to targeted levels of relative TSR is estimated on the date of grant using a Monte Carlo simulation model. Compensation expense is recognized based upon the assumption of 100% achievement of the TSR goal and will not be reversed even if the threshold level of TSR is never achieved, and is reflected over the service period and reduced for estimated forfeitures.

The fair value of the portion of the Performance-Based Awards subject to targeted levels of adjusted operating margin is estimated on the date of grant based on the market value of our common stock, adjusted to exclude the present value of expected dividends during the vesting period. The market value of our common stock is calculated using the closing price of our common stock on the date of the grant or, if the grant date is not a trading date, the average of the closing prices on the trading dates immediately preceding and following the grant date. If the performance goals are not met as of the end of the performance period, no compensation expense is recognized and any previously recognized compensation expense is reversed. The expected cost is based on the portion of the awards that is probable to vest and is reflected over the service period and reduced for estimated forfeitures.

The following tables summarize the assumptions used for the valuation of share-based awards for the periods presented:


	2024	2023	2022
Service-Based Awards and the portion of Performance-Based Awards subject to performance goals:
Grant date market value	$148.39 - $241.26	$104.22 - $143.97	$74.62 - $157.29
Risk-free interest rate	3.48% - 5.37%	3.64% - 5.48%	0.16% - 4.48%
Dividend yield	0.72% - 2.62%	0.70% - 3.59%	0.47% - 3.83%
Fair value	$144.79 - $237.94	$102.09 - $141.33	$72.24 - $154.88


	2024	2023	2022
Portion of Performance-Based Awards subject to market goals:
Grant date market value	$148.39 - $173.89	$109.37	$146.49
Risk-free interest rate	4.24% - 4.30%	4.10%	0.87%
Dividend yield	0.74% - 0.86%	0.95%	0.66%
Expected volatility	40.99% - 43.35%	52.38%	47.35%
Fair value	$195.32 - $249.37	$162.72	$210.69

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 2024 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 29, 2023	12	$	106.24
Granted	4	$	149.20
Vested	(5)	$	97.50
Canceled	(1)	$	120.91
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 27, 2024	10	$	129.31	2.3 years	$	1,931
Non-vested restricted stock units, restricted stock, performance share units and performance units expected to vest	10	$	130.71	2.2 years	$	1,903

At October 27, 2024, 0.7 million additional performance-based awards could be earned based upon achievement of certain levels of specified performance and/or market goals.

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:


	2024		2023		2022
	(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted	$	149.20	$	104.00	$	132.44
Total fair value of vested awards	$	527	$	367	$	285

Employee Stock Purchase Plans

Under the ESPP, substantially all employees may purchase our common stock through payroll deductions at a price equal to 85 percent of the lower of the fair market value of our common stock at the beginning or end of each 6-month purchase period, subject to certain limits. Our purchasing cycles began in March and September of each of fiscal 2024, 2023 and 2022. We issued 2 million shares in fiscal 2024 at a weighted average price of $147.38 per share, 2 million shares in fiscal 2023 at a weighted average price of $87.75 per share and 2 million shares in fiscal 2022 at a weighted average price of $93.30 per share, under the ESPP. Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model. Underlying assumptions used in the model are outlined in the following table:


	2024		2023		2022
ESPP:
Dividend yield	0.82	%	0.98	%	0.97	%
Expected volatility	40.1	%	39.4	%	46.8	%
Risk-free interest rate	5.03	%	5.29	%	2.24	%
Expected life (in years)	0.5		0.5		0.5
Weighted average estimated fair value	$52.31		$35.31		$30.23

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units (Details) - Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Shares
Beginning balance (shares)	12
Granted (shares)	4
Vested (shares)	(5)
Canceled (shares)	(1)
Ending balance (shares)	10	12
Non-vested restricted stock units, restricted stock, performance shares units and performance units expected to vest (shares)	10
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 106.24
Granted (in dollars per share)	149.20	$ 104.00	$ 132.44
Vested (in dollars per share)	97.50
Canceled (in dollars per share)	120.91
Ending balance (in dollars per share)	129.31	$ 106.24
Non-vested restricted stock units, restricted stock, performance shares units and performance units expected to vest (in dollars per share)	$ 130.71
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term	2 years 3 months 18 days
Expected to vest, weighted average remaining contractual term	2 years 2 months 12 days
Aggregate Intrinsic Value
Aggregate intrinsic value	$ 1,931
Expected to vest, aggregate intrinsic value	$ 1,903

Fair Value Measurements - Assets Measured at Fair Value (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Assets:
Restricted cash equivalents included in deferred income taxes and other assets	$ 91	$ 101	$ 105
Restricted Cash Equivalents, Statement of Financial Position [Extensible Enumeration]	Deferred Income Taxes and Other Assets, Noncurrent	Deferred Income Taxes and Other Assets, Noncurrent
Money market funds
Assets:
Restricted cash equivalents included in deferred income taxes and other assets	$ 91	$ 101
Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	13	18
U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	1,304	374
Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	6
Municipal securities
Assets:
Available-for-sale debt security investments	441	427
Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	805	748
Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	654	487
Publicly traded equity securities
Assets:
Equity investments with readily determinable values	723	698
Recurring Fair Value Measurements
Assets:
Available-for-sale debt security investments	10,022	6,876
Equity investments with readily determinable values	723	698
Total	10,745	7,574
Recurring Fair Value Measurements \| Money market funds
Assets:
Available-for-sale debt security investments	3,512	3,361
Recurring Fair Value Measurements \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	103	18
Recurring Fair Value Measurements \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	2,698	374
Recurring Fair Value Measurements \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	6
Recurring Fair Value Measurements \| Municipal securities
Assets:
Available-for-sale debt security investments	460	453
Recurring Fair Value Measurements \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	2,590	2,177
Recurring Fair Value Measurements \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	654	487
Recurring Fair Value Measurements \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	723	698
Recurring Fair Value Measurements \| Level 1
Assets:
Available-for-sale debt security investments	6,196	3,692
Equity investments with readily determinable values	723	698
Total	6,919	4,390
Recurring Fair Value Measurements \| Level 1 \| Money market funds
Assets:
Available-for-sale debt security investments	3,512	3,361
Recurring Fair Value Measurements \| Level 1 \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	2,684	331
Recurring Fair Value Measurements \| Level 1 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Municipal securities
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	723	698
Recurring Fair Value Measurements \| Level 2
Assets:
Available-for-sale debt security investments	3,826	3,184
Equity investments with readily determinable values	0	0
Total	3,826	3,184
Recurring Fair Value Measurements \| Level 2 \| Money market funds
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 2 \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	103	18
Recurring Fair Value Measurements \| Level 2 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	14	43
Recurring Fair Value Measurements \| Level 2 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	6
Recurring Fair Value Measurements \| Level 2 \| Municipal securities
Assets:
Available-for-sale debt security investments	460	453
Recurring Fair Value Measurements \| Level 2 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	2,590	2,177
Recurring Fair Value Measurements \| Level 2 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	654	487
Recurring Fair Value Measurements \| Level 2 \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	$ 0	$ 0

Borrowing Facilities and Debt - Narrative (Details) - USD ($)	1 Months Ended
	Feb. 29, 2020	Oct. 27, 2024	Jun. 30, 2024	Oct. 29, 2023
Line of Credit Facility [Line Items]
Short-term debt		$ 799,000,000		$ 100,000,000
Commercial Paper
Line of Credit Facility [Line Items]
Commercial paper		1,500,000,000
Short-term debt		$ 100,000,000		$ 100,000,000
Debt, weighted average interest rate		5.06%		5.39%
Debt securities, held-to-maturity, threshold period past due		63 days		90 days
Foreign Line of Credit
Line of Credit Facility [Line Items]
Available revolving credit agreement		$ 52,000,000
Outstanding credit facilities		0		$ 0
Unsecured Debt \| Revolving Credit
Line of Credit Facility [Line Items]
Debt instrument term	5 years
Available revolving credit agreement	$ 1,500,000,000
Accordion feature, increase limit	500,000,000
Accordion feature, higher borrowing capacity option	$ 2,000,000,000
Outstanding credit facilities		$ 0		$ 0
Senior Notes \| 4.800% Senior Notes Due 2029
Line of Credit Facility [Line Items]
Debt instrument, face amount			$ 700,000,000
Stated interest rate		4.80%	4.80%

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Oct. 27, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Changes in Components of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 16,349	$ 12,194	$ 12,247
Other comprehensive income (loss) before reclassifications	62	(11)	111
Amounts reclassified out of AOCI	(13)	(4)	(53)
Other comprehensive income (loss), net of tax	49	(15)	58
Ending Balance	19,001	16,349	12,194
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(217)	(202)	(260)
Other comprehensive income (loss), net of tax	49	(15)	58
Ending Balance	(168)	(217)	(202)
Unrealized Gain (Loss) on Investments, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(50)	(75)	(1)
Other comprehensive income (loss) before reclassifications	34	16	(60)
Amounts reclassified out of AOCI	9	9	(14)
Other comprehensive income (loss), net of tax	43	25	(74)
Ending Balance	(7)	(50)	(75)
Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(118)	(52)	(103)
Other comprehensive income (loss) before reclassifications	28	(44)	100
Amounts reclassified out of AOCI	3	(22)	(49)
Other comprehensive income (loss), net of tax	31	(66)	51
Ending Balance	(87)	(118)	(52)
Defined and Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(62)	(88)	(169)
Other comprehensive income (loss) before reclassifications	0	17	71
Amounts reclassified out of AOCI	(25)	9	10
Other comprehensive income (loss), net of tax	(25)	26	81
Ending Balance	(87)	(62)	(88)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	13	13	13
Other comprehensive income (loss) before reclassifications	0	0	0
Amounts reclassified out of AOCI	0	0	0
Other comprehensive income (loss), net of tax	0	0	0
Ending Balance	$ 13	$ 13	$ 13

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended												12 Months Ended
	Oct. 27, 2024	Jul. 28, 2024	Apr. 28, 2024	Jan. 28, 2024	Oct. 29, 2023	Jul. 30, 2023	Apr. 30, 2023	Jan. 29, 2023	Oct. 30, 2022	Jul. 31, 2022	May 01, 2022	Jan. 30, 2022	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Equity [Line Items]
Tax effects on net income of amounts reclassified from AOCI													$ 0	$ 0	$ 0
Authorized amount																$ 10,000	$ 6,000
Remaining authorized repurchase amount	$ 8,900												$ 8,900
Dividends declared per share (in dollars per share)	$ 0.40	$ 0.40	$ 0.40	$ 0.32	$ 0.32	$ 0.32	$ 0.32	$ 0.26	$ 0.26	$ 0.26	$ 0.26	$ 0.24	$ 1.52	$ 1.22	$ 1.02
Payments of dividends to stockholders													$ 1,192	$ 975	$ 873
Options granted (in shares)													0	0	0
Options outstanding (in shares)	0				0				0				0	0	0
Employee Stock Incentive Plan
Equity [Line Items]
Number of shares available for grant	21,000,000												21,000,000
Employee Stock Purchase Plan
Equity [Line Items]
Number of shares available for grant	10,000,000												10,000,000
Purchase period													6 months
Number of shares issued under the ESPP (in shares)													2,000,000	2,000,000	2,000,000
Weighted average exercise price (in dollars per share)													$ 147.38	$ 87.75	$ 93.30
Employee Stock
Equity [Line Items]
Performance of total shareholder return													100.00%
Total unrecognized compensation expense	$ 911												$ 911
Weighted average period for unrecognized compensation expense to be recognized													2 years 4 months 24 days
Employee Stock \| Employee Stock Purchase Plan
Equity [Line Items]
Purchase price of common stock, percent													85.00%
Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units \| Minimum
Equity [Line Items]
Award vesting period													3 years
Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units \| Maximum
Equity [Line Items]
Award vesting period													4 years
Performance Shares/Performance Units
Equity [Line Items]
Performance of total shareholder return													100.00%
Weight of metric (as a percent)													50.00%
Award measurement period													3 years
Additional performance-based awards to be earned upon certain levels of achievement (in shares)	700,000												700,000
Performance Shares/Performance Units \| Minimum
Equity [Line Items]
Award vesting rights as percentage of target amount													0.00%
Performance Shares/Performance Units \| Maximum
Equity [Line Items]
Award vesting rights as percentage of target amount													200.00%

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses on equity investments	$ 0	$ 121	$ 0
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt principal amount	5,500	5,500
Senior Notes \| Level 2 \| Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	$ 5,100	$ 4,700

Balance Sheet Detail (Tables)

12 Months Ended

Oct. 27, 2024

Balance Sheet Detail [Abstract]

Schedule of Inventories


	October 27, 2024		October 29, 2023

	(In millions)
Inventories
Customer service spares	$	1,742	$	1,589
Raw materials	1,680		1,653
Work-in-process	879		997
Finished goods
Deferred cost of sales	217		413
Evaluation inventory	459		423
Manufactured on-hand inventory	444		650
Total finished goods	1,120		1,486
Total inventories	$	5,421	$	5,725

Schedule of Other Current Assets


	October 27, 2024		October 29, 2023

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	120	$	412
Prepaid expenses and other	974		976
	$	1,094	$	1,388

Schedule of Property, Plant and Equipment, Net


	Useful Life	October 27, 2024		October 29, 2023

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	492	$	393
Buildings and improvements	3-30	2,359		2,194
Demonstration and manufacturing equipment	5-8	2,578		2,353
Furniture, fixtures and other equipment	3-5	782		762
Construction in progress		898		672
Gross property, plant and equipment		7,109		6,374
Accumulated depreciation		(3,770)		(3,651)
		$	3,339	$	2,723

Schedule of Deferred Income Taxes and Other Assets


	October 27, 2024		October 29, 2023

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	2,393	$	1,729
Operating lease right-of-use assets	375		370
Finance lease right-of-use assets	—		108
Income tax receivables and other assets	314		345
	$	3,082	$	2,552

Schedule of Accounts Payable and Accrued Expenses


	October 27, 2024		October 29, 2023

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,570	$	1,478

Compensation and employee benefits	1,188		1,024

Warranty	364		332
Dividends payable	327		267
Income taxes payable	535		282


Operating lease liabilities, current	87		84
Finance lease liabilities, current	—		102

Other	749		728
	$	4,820	$	4,297

Schedule of Other Liabilities


	October 27, 2024		October 29, 2023

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	142	$	126
Operating lease liabilities, non-current	259		252

Other	409		336
	$	810	$	714

Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023
Current assets:
Cash and cash equivalents	$ 8,022	$ 6,132
Short-term investments	1,449	737
Accounts receivable, net	5,234	5,165
Inventories	5,421	5,725
Other current assets	1,094	1,388
Total current assets	21,220	19,147
Long-term investments	2,787	2,281
Property, plant and equipment, net	3,339	2,723
Goodwill	3,732	3,732
Purchased technology and other intangible assets, net	249	294
Deferred income taxes and other assets	3,082	2,552
Total assets	34,409	30,729
Current liabilities:
Short-term debt	799	100
Accounts payable and accrued expenses	4,820	4,297
Contract liabilities	2,849	2,975
Total current liabilities	8,468	7,372
Long-term debt	5,460	5,461
Income taxes payable	670	833
Other liabilities	810	714
Total liabilities	15,408	14,380
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock: $0.01 par value per share; 1 shares authorized; no shares issued	0	0
Common stock: $0.01 par value per share; 2,500 shares authorized; 818 and 833 shares outstanding at 2024 and 2023, respectively	8	8
Additional paid-in capital	9,660	9,131
Retained earnings	49,651	43,726
Treasury stock: 1,211 and 1,191 shares at 2024 and 2023, respectively	(40,150)	(36,299)
Accumulated other comprehensive loss	(168)	(217)
Total stockholders’ equity	19,001	16,349
Total liabilities and stockholders’ equity	$ 34,409	$ 30,729

Industry Segment Operations - Net Sales and Operating Income (Loss) (Details) - Semiconductor Systems - Net sales - Product Concentration Risk	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Segment Reporting Information [Line Items]
Percentage of net sales	100.00%	100.00%	100.00%
Foundry, logic and other
Segment Reporting Information [Line Items]
Percentage of net sales	68.00%	77.00%	66.00%
Dynamic random-access memory (DRAM)
Segment Reporting Information [Line Items]
Percentage of net sales	28.00%	17.00%	19.00%
Flash memory
Segment Reporting Information [Line Items]
Percentage of net sales	4.00%	6.00%	15.00%

Cash, Cash Equivalents and Investments - Summary of Cash, Cash Equivalents and Investments (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Summary of Cash, Cash Equivalents and Investments
Cash	$ 1,313	$ 1,417
Total cash equivalents	6,709	4,715
Total cash and cash equivalents	8,022	6,132	$ 1,995
Equity investments and equity securities without readily determinable, cost	798	735
Equity investments and equity securities without readily determinable, gross unrealized gains	243	249
Equity investments and equity securities without readily determinable, gross unrealized losses	27	26
Equity investments and equity securities without readily determinable, fair value	1,014	958
Total short-term and long-term investments cost	4,022	2,841
Gross unrealized gains on short-term and long-term investments	252	249
Gross unrealized losses on short-term and long-term investments	38	72
Total short-term and long-term investments	4,236	3,018
Cash, cash equivalents and investments, cost	12,044	8,973
Cash, cash equivalents and investments, gross unrealized gains	252	249
Cash, cash equivalents and investments, gross unrealized losses	38	72
Cash, cash equivalents and investments, estimated fair value	12,258	9,150
Restricted cash equivalents included in deferred income taxes and other assets	91	101	$ 105
Total fixed income securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	3,224	2,106
Gross unrealized gains on fixed income securities	9	0
Gross unrealized losses on fixed income securities	11	46
Estimated fair value of fixed income securities	3,222	2,060
Bank certificates of deposit and time deposits
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	13	18
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	0	0
Estimated fair value of fixed income securities	13	18
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	1,306	381
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	2	7
Estimated fair value of fixed income securities	1,304	374
Non-U.S. government securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	5	7
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	0	1
Estimated fair value of fixed income securities	5	6
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	441	438
Gross unrealized gains on fixed income securities	2	0
Gross unrealized losses on fixed income securities	2	11
Estimated fair value of fixed income securities	441	427
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	803	760
Gross unrealized gains on fixed income securities	4	0
Gross unrealized losses on fixed income securities	2	12
Estimated fair value of fixed income securities	805	748
Asset-backed and mortgage-backed securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	656	502
Gross unrealized gains on fixed income securities	3	0
Gross unrealized losses on fixed income securities	5	15
Estimated fair value of fixed income securities	654	487
Publicly traded equity securities
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	543	543
Equity investments unrealized gains	185	171
Equity securities, gross unrealized losses	5	16
Equity investments estimated fair value	723	698
Equity investments in privately held companies
Summary of Cash, Cash Equivalents and Investments
Equity securities without readily determinable, cost	255	192
Equity securities without readily determinable, fair value, gross unrealized gains	58	78
Equity securities without readily determinable, fair value, gross unrealized losses	22	10
Equity securities without readily determinable, fair value	291	260
Money market funds
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	3,421	3,260
Restricted cash equivalents included in deferred income taxes and other assets	91	101
Bank certificates of deposit and time deposits
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	90
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	1,394
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	19	26
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	$ 1,785	$ 1,429

Borrowing Facilities and Debt - Debt Outstanding (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jun. 30, 2024	Oct. 29, 2023
Debt Instrument [Line Items]
Current portion of long-term debt	$ 700		$ 0
Total long-term debt	5,460		5,461
Senior Notes
Debt Instrument [Line Items]
Long-term debt, principal amount	5,500		5,500
Total unamortized discount	(10)		(11)
Total unamortized debt issuance costs	$ (30)		(28)
3.900% Senior Notes Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.90%
Current portion of long-term debt	$ 700		0
Long-term debt, principal amount	$ 0		700
Effective Interest Rate	3.944%
3.300% Senior Notes Due 2027 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.30%
Long-term debt, principal amount	$ 1,200		1,200
Effective Interest Rate	3.342%
4.800% Senior Notes Due 2029 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.80%	4.80%
Long-term debt, principal amount	$ 700		0
Effective Interest Rate	4.844%
1.750% Senior Notes Due 2030 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	1.75%
Long-term debt, principal amount	$ 750		750
Effective Interest Rate	1.792%
5.100% Senior Notes Due 2035 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.10%
Long-term debt, principal amount	$ 500		500
Effective Interest Rate	5.127%
5.850% Senior Notes Due 2041 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.85%
Long-term debt, principal amount	$ 600		600
Effective Interest Rate	5.879%
4.350% Senior Notes Due 2047 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.35%
Long-term debt, principal amount	$ 1,000		1,000
Effective Interest Rate	4.361%
2.750% Senior Notes Due 2050 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	2.75%
Long-term debt, principal amount	$ 750		$ 750
Effective Interest Rate	2.773%

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Warranty (Details)	12 Months Ended
	Oct. 27, 2024
Accounting Policies [Abstract]
Standard product warranty period	12 months
Extended product warranty period	2 years

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)

12 Months Ended

Oct. 27, 2024

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 31, 2021	$	(1)	$	(103)	$	(169)	$	13	(260)


Other comprehensive income (loss) before reclassifications	(60)		100		71		—		111
Amounts reclassified out of AOCI	(14)		(49)		10		—		(53)
Other comprehensive income (loss), net of tax	(74)		51		81		—		58
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, 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 (loss), net of tax	43		31		(25)		—		49
Balance at October 27, 2024	$	(7)	$	(87)	$	(87)	$	13	$	(168)

Schedule of Stock Repurchases

The following table summarizes our stock repurchases, including excise tax, for each fiscal year:


	2024		2023		2022

	(In millions, except per share amounts)
Shares of common stock repurchased	20		18		54
Cost of stock repurchased (including excise tax)*	$	3,851	$	2,202	$	6,103
Average price paid per share (including excise tax)*	$	190.27	$	123.63	$	113.84
Cost of stock repurchased (excluding excise tax)	$	3,823	$	2,189	$	6,103
Average price paid per share (excluding excise tax)	$	188.87	$	122.89	$	113.84

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:


	2024		2023		2022

	(In millions)
Cost of products sold	$	134	$	180	$	147
Research, development, and engineering	219		179		151
Marketing and selling	72		55		49
General and administrative	152		76		66

Total share-based compensation	$	577	$	490	$	413

Income tax benefits recognized	$	73	$	63	$	51

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:


	2024	2023	2022
Service-Based Awards and the portion of Performance-Based Awards subject to performance goals:
Grant date market value	$148.39 - $241.26	$104.22 - $143.97	$74.62 - $157.29
Risk-free interest rate	3.48% - 5.37%	3.64% - 5.48%	0.16% - 4.48%
Dividend yield	0.72% - 2.62%	0.70% - 3.59%	0.47% - 3.83%
Fair value	$144.79 - $237.94	$102.09 - $141.33	$72.24 - $154.88


	2024	2023	2022
Portion of Performance-Based Awards subject to market goals:
Grant date market value	$148.39 - $173.89	$109.37	$146.49
Risk-free interest rate	4.24% - 4.30%	4.10%	0.87%
Dividend yield	0.74% - 0.86%	0.95%	0.66%
Expected volatility	40.99% - 43.35%	52.38%	47.35%
Fair value	$195.32 - $249.37	$162.72	$210.69

Schedule of Changes in Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units


	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 29, 2023	12	$	106.24
Granted	4	$	149.20
Vested	(5)	$	97.50
Canceled	(1)	$	120.91
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 27, 2024	10	$	129.31	2.3 years	$	1,931
Non-vested restricted stock units, restricted stock, performance share units and performance units expected to vest	10	$	130.71	2.2 years	$	1,903


	2024		2023		2022
	(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted	$	149.20	$	104.00	$	132.44
Total fair value of vested awards	$	527	$	367	$	285

Schedule of Employee Stock Purchase Plan

Underlying assumptions used in the model are outlined in the following table:


	2024		2023		2022
ESPP:
Dividend yield	0.82	%	0.98	%	0.97	%
Expected volatility	40.1	%	39.4	%	46.8	%
Risk-free interest rate	5.03	%	5.29	%	2.24	%
Expected life (in years)	0.5		0.5		0.5
Weighted average estimated fair value	$52.31		$35.31		$30.23

Cash, Cash Equivalents and Investments - Gain (Loss) on Equity Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Publicly traded equity securities
Unrealized gain	$ 332	$ 193	$ 30
Unrealized loss	(287)	(44)	(62)
Realized gain on sales and dividends	5	9	7
Realized loss on sales or impairment	(1)	(4)	0
Equity investments in privately held companies
Unrealized gain	3	15	41
Unrealized loss	(17)	(30)	(5)
Realized gain on sales and dividends	4	9	3
Realized loss on sales or impairment	(19)	(121)	(7)
Total gain (loss) on equity investments, net	$ 20	$ 27	$ 7

Contract Balances and Performance Obligations - Narrative (Details) - USD ($)	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized	$ 2,700,000,000
Accounts receivable, credit losses	0	$ 0
Contract assets, credit losses	0	$ 0
Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3,700,000,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-28 \| Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percent of performance obligation recognized	62.00%
Expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-27 \| Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	24 months

Fair Value Measurements

12 Months Ended

Oct. 27, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Assets Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for our financial assets (excluding cash balances) measured at fair value on a recurring basis:


	October 27, 2024				October 29, 2023
	Level 1		Level 2		Total		Level 1		Level 2		Total

	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	3,512	$	—	$	3,512	$	3,361	$	—	$	3,361
Bank certificates of deposit and time deposits	—		103		103		—		18		18
U.S. Treasury and agency securities	2,684		14		2,698		331		43		374
Non-U.S. government securities	—		5		5		—		6		6
Municipal securities	—		460		460		—		453		453
Commercial paper, corporate bonds and medium-term notes	—		2,590		2,590		—		2,177		2,177
Asset-backed and mortgage-backed securities	—		654		654		—		487		487
Total available-for-sale debt security investments	$	6,196	$	3,826	$	10,022	$	3,692	$	3,184	$	6,876
Equity investments with readily determinable values

Publicly traded equity securities	$	723	$	—	$	723	$	698	$	—	$	698
Total equity investments with readily determinable values	$	723	$	—	$	723	$	698	$	—	$	698
Total	$	6,919	$	3,826	$	10,745	$	4,390	$	3,184	$	7,574

_________________________

We did not have any financial assets measured at fair value on a recurring basis within Level 3 fair value measurements as of October 27, 2024 or October 29, 2023.

Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis

Our equity investments without readily determinable values consist of equity investments in privately held companies. We elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and are required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment losses on equity investments in privately held companies, included in the above table, were not material during fiscal 2024 and 2022 and were $121 million during fiscal 2023. These impairment losses are included in interest and other income (expense), net in the Consolidated Statement of Operations.

Other

The carrying amounts of our financial instruments, including cash and cash equivalents, restricted cash equivalents, accounts receivable, commercial paper notes, and accounts payable and accrued expenses, approximate fair value due to their short maturities. At October 27, 2024, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion, and the estimated fair value was $5.1 billion. At October 29, 2023, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion and the estimated fair value was $4.7 billion. The estimated fair value of long-term senior unsecured notes is determined by Level 2 inputs and is based primarily on quoted market prices for the same or similar issues. See Note 9 of the Notes to the Consolidated Financial Statements for further detail of existing debt.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Valuation of Share-based Awards (Details) - $ / shares	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
RSUs and Performance Shares Subject to Performance Goals \| Minimum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value	$ 148.39	$ 104.22	$ 74.62
Risk-free interest rate	3.48%	3.64%	0.16%
Dividend yield	0.72%	0.70%	0.47%
Fair value (in dollars per share)	$ 144.79	$ 102.09	$ 72.24
RSUs and Performance Shares Subject to Performance Goals \| Maximum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value	$ 241.26	$ 143.97	$ 157.29
Risk-free interest rate	5.37%	5.48%	4.48%
Dividend yield	2.62%	3.59%	3.83%
Fair value (in dollars per share)	$ 237.94	$ 141.33	$ 154.88
Performance Shares Subject to Market Goals
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value		$ 109.37	$ 146.49
Risk-free interest rate		4.10%	0.87%
Dividend yield		0.95%	0.66%
Expected volatility		52.38%	47.35%
Fair value (in dollars per share)		$ 162.72	$ 210.69
Performance Shares Subject to Market Goals \| Minimum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value	$ 148.39
Risk-free interest rate	4.24%
Dividend yield	0.74%
Expected volatility	40.99%
Fair value (in dollars per share)	$ 195.32
Performance Shares Subject to Market Goals \| Maximum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value	$ 173.89
Risk-free interest rate	4.30%
Dividend yield	0.86%
Expected volatility	43.35%
Fair value (in dollars per share)	$ 249.37

Contract Balances and Performance Obligations

12 Months Ended

Oct. 27, 2024

Revenue from Contract with Customer [Abstract]

Contract Balances and Performance Obligations

Contract Assets and Liabilities

Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period.

Contract assets are generally classified as current and are included in Other Current Assets in the Consolidated Balance Sheets. Contract liabilities are classified as current or non-current based on the timing of when performance obligations will be satisfied and associated revenue is expected to be recognized.

Contract balances at the end of each reporting period were as follows:


	October 27, 2024		October 29, 2023
	(In millions)

Contract assets	$	269	$	274
Contract liabilities	$	2,849	$	2,975

The decrease in contract assets during fiscal 2024, was primarily due to a reduction in goods transferred to customers where payment was conditional upon technical sign off.

During fiscal 2024, we recognized revenue of approximately $2.7 billion related to contract liabilities at October 29, 2023. This reduction in contract liabilities was partially offset by new billings for products and services for which there were unsatisfied performance obligations to customers and revenue had not yet been recognized as of October 27, 2024.

There were no credit losses recognized on our accounts receivables and contract assets during fiscal 2024 and 2023.

Performance Obligations

As of October 27, 2024, the amount of remaining unsatisfied performance obligations on contracts, primarily consisting of written purchase orders received from customers, with an original estimated duration of one year or more was approximately $3.7 billion, of which approximately 62% is expected to be recognized within 12 months and the remainder is expected to be recognized within the following 24 months thereafter.

New export rules and regulations issued in December 2024 are expected to have an immaterial impact on remaining unsatisfied performance obligations on contracts with an original estimated duration of one year or more.

We have elected the available practical expedient to exclude the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Derivative Instruments and Hedging Activities	12 Months Ended
Derivative Instruments and Hedging Activities	Oct. 27, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Derivative Financial Instruments We conduct business in a number of foreign countries, with certain transactions denominated in local currencies, such as the Japanese yen, Israeli shekel, euro and Taiwanese dollar. We use derivative financial instruments, such as foreign currency forward and option contracts, to hedge certain forecasted foreign currency denominated transactions expected to occur typically within the next 24 months. The purpose of our foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. The terms of currency instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. We do not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of our derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses. Hedges related to anticipated transactions are designated and documented at the inception of the hedge as cash flow hedges and foreign exchange derivatives are typically entered into once per month. Cash flow hedges are evaluated for effectiveness quarterly. The effective portion of the gain or loss on these hedges is reported as a component of AOCI in stockholders’ equity and is reclassified into earnings when the hedged transaction affects earnings. The majority of the after-tax net income or loss related to foreign exchange derivative instruments included in AOCI at October 27, 2024 is expected to be reclassified into earnings within 12 months. Changes in fair value caused by changes in time value of option contracts designated as cash flow hedges are excluded from the assessment of effectiveness. The initial value of this excluded component is amortized on a straight-line basis over the life of the hedging instrument and recognized in the financial statement line item to which the hedge relates. If the transaction being hedged is probable not to occur, we recognize the gain or loss on the associated financial instrument in the consolidated statement of operations. The amount recognized due to discontinuance of cash flow hedges that were probable of not occurring by the end of the originally specified time period was not significant for fiscal years 2024, 2023 or 2022. Foreign currency forward contracts are generally used to hedge certain foreign currency denominated assets or liabilities. Accordingly, changes in the fair value of these hedges are recorded in earnings to offset the changes in the fair value of the assets or liabilities being hedged. As of October 27, 2024 and October 29, 2023, the total outstanding notional amount of foreign exchange contracts was $2.0 billion and $1.7 billion, respectively. The fair values of foreign exchange derivative instruments at October 27, 2024 and October 29, 2023 were not material. We are also exposed to interest rate risk associated with our potential future borrowings. During fiscal 2024, we entered into a series of interest rate contracts to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. These instruments were designated as cash flow hedges at inception and were settled in conjunction with the issuance of debt in June 2024. The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments were not material for fiscal year 2024, 2023 and 2022. The effects of derivative instruments, both those designated as cash flow hedges and those that are not designated, on the Consolidated Statements of Operations were not material for fiscal 2024, 2023 and 2022. Credit Risk Contingent Features If our credit rating were to fall below investment grade, we would be in violation of credit risk contingent provisions of the derivative instruments discussed above, and certain counterparties to the derivative instruments could request immediate payment on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk related contingent features that were in a net liability position was immaterial as of October 27, 2024 and October 29, 2023. Entering into derivative contracts with banks exposes us to credit-related losses in the event of the banks’ nonperformance. However, our exposure is not considered significant.

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Property Plant and Equipment Useful Life (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Property, Plant and Equipment [Line Items]
Reduction in depreciation expense	$ (346)	$ (471)	$ (404)
Diluted earnings per share (in dollars per share)	$ 8.61	$ 8.11	$ 7.44
Basic earnings per share (in dollars per share)	$ 8.68	$ 8.16	$ 7.49
Change in accounting estimate, useful life
Property, Plant and Equipment [Line Items]
Reduction in depreciation expense	$ 128
Diluted earnings per share (in dollars per share)	$ 0.12
Basic earnings per share (in dollars per share)	$ 0.12
Buildings and improvements
Property, Plant and Equipment [Line Items]
Increase in useful life	5 years
Land improvements
Property, Plant and Equipment [Line Items]
Term of amortization	15 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Term of amortization	5 years
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Demonstration and manufacturing equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years
Minimum \| Software
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Useful life	3 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful life	30 years
Maximum \| Demonstration and manufacturing equipment
Property, Plant and Equipment [Line Items]
Useful life	8 years
Maximum \| Software
Property, Plant and Equipment [Line Items]
Useful life	5 years
Maximum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years

Cash, Cash Equivalents and Investments - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Cash and Cash Equivalents [Abstract]
Interest income	$ 486	$ 262	$ 44

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Pay vs Performance Disclosure
Net income	$ 7,177	$ 6,856	$ 6,525

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Industry Segment Operations - Narrative (Details)	12 Months Ended
Industry Segment Operations - Narrative (Details)	Oct. 27, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Stock Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Equity [Abstract]
Shares of common stock repurchased (in shares)	20	18	54
Cost of stock repurchased (including excise tax)	$ 3,851	$ 2,202	$ 6,103
Average price paid per share (including excise tax) (in dollars per share)	$ 190.27	$ 123.63	$ 113.84
Cost of stock repurchased (excluding excise tax)	$ 3,823	$ 2,189	$ 6,103
Average price paid per share (excluding excise tax) (in dollars per share)	$ 188.87	$ 122.89	$ 113.84

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended												12 Months Ended
	Oct. 27, 2024	Jul. 28, 2024	Apr. 28, 2024	Jan. 28, 2024	Oct. 29, 2023	Jul. 30, 2023	Apr. 30, 2023	Jan. 29, 2023	Oct. 30, 2022	Jul. 31, 2022	May 01, 2022	Jan. 30, 2022	Oct. 27, 2024	Oct. 29, 2023	Oct. 30, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.40	$ 0.40	$ 0.40	$ 0.32	$ 0.32	$ 0.32	$ 0.32	$ 0.26	$ 0.26	$ 0.26	$ 0.26	$ 0.24	$ 1.52	$ 1.22	$ 1.02