Broadcom (AVGO) 10-Q11 Jun 212021 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	May 02, 2021	May 28, 2021
Entity Information [Line Items]
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	May 2, 2021
Entity Registrant Name	Broadcom Inc.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-38449
Entity Tax Identification Number	35-2617337
Entity Address, Address Line One	1320 Ridder Park Drive
Entity Address, City or Town	San Jose,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95131-2313
City Area Code	(408)
Local Phone Number	433-8000
Entity Central Index Key	0001730168
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
Entity Shell Company	false
Current Fiscal Year End Date	--10-31
Entity Common Stock, Shares Outstanding		410,260,560
Common Stock, $0.001 par value
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	AVGO
Security Exchange Name	NASDAQ
8.00% Mandatory Convertible Preferred Stock, Series A, $0.001 par value
Entity Information [Line Items]
Title of 12(b) Security	8.00% Mandatory Convertible Preferred Stock, Series A, $0.001 par value
Trading Symbol	AVGOP
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Current assets:
Cash and cash equivalents	$ 9,518	$ 7,618
Trade accounts receivable, net	2,425	2,297
Inventory	1,004	1,003
Other current assets	1,298	977
Total current assets	14,245	11,895
Long-term assets:
Property, plant and equipment, net	2,416	2,509
Goodwill	43,457	43,447
Intangible assets, net	14,068	16,782
Other long-term assets	1,338	1,300
Total assets	75,524	75,933
Current liabilities:
Accounts payable	830	836
Employee compensation and benefits	639	877
Long-term Debt and Lease Obligation, Current	278	827
Other current liabilities	4,689	3,831
Total current liabilities	6,436	6,371
Long-term liabilities:
Long-term debt	40,160	40,235
Other long-term liabilities	4,962	5,426
Total liabilities	51,558	52,032
Commitments and contingencies (Note 11)
Preferred stock dividend obligation	27	27
Stockholders' equity:
Preferred stock, $0.001 par value; 100 shares authorized; 8.00% Mandatory Convertible Preferred Stock, Series A, 4 shares issued and outstanding; aggregate liquidation value of $3,738 as of May 2, 2021 and November 1, 2020	0	0
Common stock, $0.001 par value; 2,900 shares authorized; 410 and 407 shares issued and outstanding as of May 2, 2021 and November 1, 2020, respectively	0	0
Additional paid-in capital	24,045	23,982
Retained earnings	0	0
Accumulated other comprehensive loss	(106)	(108)
Total stockholders’ equity	23,939	23,874
Total liabilities and equity	$ 75,524	$ 75,933

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Unaudited Parenthetical - USD ($) shares in Millions, $ in Millions	6 Months Ended	12 Months Ended
	May 02, 2021	Nov. 01, 2020
Statement of Financial Position [Abstract]
Preferred stock, Par value per share	$ 0.001	$ 0.001
Preferred stock, Shares authorized	100	100
Preferred Stock, Dividend Rate, Percentage	8.00%	8.00%
Preferred Stock, Liquidation Preference, Value	$ 3,738	$ 3,738
Preferred stock, Shares issued	4	4
Preferred stock, Shares outstanding	4	4
Common stock, Par value per share	$ 0.001	$ 0.001
Common stock, Shares authorized	2,900	2,900
Common stock, Shares issued	410	407
Common stock, Shares outstanding	410	407
Long-term Debt and Lease Obligation, Current	$ 278	$ 827

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - Unaudited - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Net revenue:
Total net revenue		$ 6,610	$ 5,742	$ 13,265	$ 11,600
Cost of revenue:
Cost of products sold		1,548	1,448	3,220	2,907
Cost of subscriptions and services		151	144	293	321
Amortization of acquisition-related intangible assets		853	954	1,727	1,904
Restructuring charges		1	7	16	15
Total cost of revenue		2,553	2,553	5,256	5,147
Gross margin		4,057	3,189	8,009	6,453
Research and development		1,238	1,269	2,449	2,558
Selling, general and administrative		325	501	664	1,102
Amortization of acquisition-related intangible assets		494	599	988	1,202
Restructuring, impairment and disposal charges		25	54	96	111
Total operating expenses		2,082	2,423	4,197	4,973
Operating income		1,975	766	3,812	1,480
Interest expense		(466)	(487)	(1,036)	(893)
Other income (expense), net		(23)	130	94	126
Income from continuing operations before income taxes		1,486	409	2,870	713
Benefit from income taxes		(7)	(159)	(1)	(235)
Income from continuing operations		1,493	568	2,871	948
Loss from discontinued operations, net of income taxes		0	(5)	0	0
Net income		1,493	563	2,871	948
Dividends on preferred stock		(76)	(75)	(150)	(149)
Net income attributable to common stock		$ 1,417	$ 488	$ 2,721	$ 799
Basic income per share attributable to common stock:
Income per share from continuing operations (in dollars per share)		$ 3.46	$ 1.23	$ 6.67	$ 2
Loss per share from discontinued operations (in dollars per share)		0	(0.01)	0	0
Net income per share (in dollars per share)		3.46	1.22	6.67	2
Diluted income per share attributable to common stock:
Income per share from continuing operations (in dollars per share)		3.30	1.18	6.34	1.91
Loss per share from discontinued operations (in dollars per share)		0	(0.01)	0	0
Net income per share (in dollars per share)		$ 3.30	$ 1.17	$ 6.34	$ 1.91
Weighted-average shares used in per share calculations:
Basic		409	401	408	400
Diluted		429	417	429	419
Products
Net revenue:
Total net revenue		$ 4,983	$ 4,253	$ 10,064	$ 8,457
Subscriptions and services
Net revenue:
Total net revenue	[1]	$ 1,627	$ 1,489	$ 3,201	$ 3,143

[1]	a) Subscriptions and services predominantly includes software licenses with termination for convenience clauses.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - Unaudited - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 1,493	$ 563	$ 2,871	$ 948
Other comprehensive income (loss), net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans	1	1	2	1
Other comprehensive income, net of tax	1	1	2	1
Comprehensive income	$ 1,494	$ 564	$ 2,873	$ 949

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($) $ in Millions	6 Months Ended
	May 02, 2021	May 03, 2020
Cash flows from operating activities:
Net income	$ 2,871	$ 948
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible and right-of-use assets	2,766	3,165
Depreciation	271	293
Stock-based compensation	869	1,062
Deferred taxes and other non-cash taxes	(326)	(247)
Loss on debt extinguishment	198	98
Unrealized gain on investments	(94)	0
Non-cash restructuring, impairment and disposal charges	27	17
Non-cash interest expense	43	61
Other	(8)	11
Changes in assets and liabilities, net of acquisitions and disposals:
Trade accounts receivable, net	(141)	48
Inventory	(1)	30
Accounts payable	(14)	350
Employee compensation and benefits	(240)	(156)
Other current assets and current liabilities	590	464
Other long-term assets and long-term liabilities	(129)	(609)
Net cash provided by operating activities	6,682	5,535
Cash flows from investing activities:
Acquisitions of businesses, net of cash acquired	(8)	(10,870)
Proceeds from sale of business	0	168
Purchases of property, plant and equipment	(240)	(256)
Proceeds from disposals of property, plant and equipment	3	0
Other	(3)	(5)
Net cash used in investing activities	(248)	(10,963)
Cash flows from financing activities:
Proceeds from long-term borrowings	9,904	19,849
Payments on debt obligations	(10,733)	(8,989)
Other borrowings, net	0	1,743
Payments of dividends	(3,095)	(2,753)
Shares repurchased for tax withholdings on vesting of equity awards	(686)	(388)
Issuance of common stock	106	128
Other	(30)	(10)
Net cash provided by (used in) financing activities	(4,534)	9,580
Net change in cash and cash equivalents	1,900	4,152
Cash and cash equivalents at beginning of period	7,618	5,055
Cash and cash equivalents at end of period	$ 9,518	$ 9,207

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentRetained Earnings	Cumulative Effect, Period of Adoption, AdjustmentAccumulated Other Comprehensive Loss
Shares, Outstanding, Beginning Balance at Nov. 03, 2019		4	398
Beginning Balance at Nov. 03, 2019	$ 24,941	$ 0	$ 0	$ 25,081	$ 0	$ (140)	$ (2)	$ (10)	$ 8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	385				385
Fair value of partially vested equity awards assumed in connection with acquisitions	1			1
Adjustments to additional paid in capital, Dividends in excess of retained earnings				(996)
Dividends to common stockholders	(1,297)				(301)
Dividends to preferred stockholders	(74)				(74)
Common stock issued, Shares			2
Common stock issued, Value	37		$ 0	37
Stock-based compensation	545			545
Shares repurchased for tax withholdings upon vesting of equity awards, Shares			(1)
Shares repurchased for tax withholdings upon vesting of equity awards, Value	(168)		$ 0	(168)
Shares, Outstanding, Ending Balance at Feb. 02, 2020		4	399
Ending Balance at Feb. 02, 2020	24,368	$ 0	$ 0	24,500	0	(132)
Shares, Outstanding, Beginning Balance at Nov. 03, 2019		4	398
Beginning Balance at Nov. 03, 2019	24,941	$ 0	$ 0	25,081	0	(140)	$ (2)	$ (10)	$ 8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	948
Other comprehensive income (loss), net of tax	1
Shares, Outstanding, Ending Balance at May. 03, 2020		4	402
Ending Balance at May. 03, 2020	23,942	$ 0	$ 0	24,073	0	(131)
Shares, Outstanding, Beginning Balance at Feb. 02, 2020		4	399
Beginning Balance at Feb. 02, 2020	24,368	$ 0	$ 0	24,500	0	(132)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	563				563
Other comprehensive income (loss), net of tax	1					1
Adjustments to additional paid in capital, Dividends in excess of retained earnings				(818)
Dividends to common stockholders	(1,306)				(488)
Dividends to preferred stockholders	(75)				(75)
Common stock issued, Shares			4
Common stock issued, Value	91		$ 0	91
Stock-based compensation	517			517
Shares repurchased for tax withholdings upon vesting of equity awards, Shares			(1)
Shares repurchased for tax withholdings upon vesting of equity awards, Value	(217)		$ 0	(217)
Shares, Outstanding, Ending Balance at May. 03, 2020		4	402
Ending Balance at May. 03, 2020	23,942	$ 0	$ 0	24,073	0	(131)
Shares, Outstanding, Beginning Balance at Nov. 01, 2020		4	407
Beginning Balance at Nov. 01, 2020	23,874	$ 0	$ 0	23,982	0	(108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,378				1,378
Other comprehensive income (loss), net of tax	1					1
Adjustments to additional paid in capital, Dividends in excess of retained earnings				(164)
Dividends to common stockholders	(1,468)				(1,304)
Dividends to preferred stockholders	(74)				(74)
Common stock issued, Shares			2
Common stock issued, Value	35		$ 0	35
Stock-based compensation	444			444
Shares repurchased for tax withholdings upon vesting of equity awards, Shares			(1)
Shares repurchased for tax withholdings upon vesting of equity awards, Value	(217)		$ 0	(217)
Shares, Outstanding, Ending Balance at Jan. 31, 2021		4	408
Ending Balance at Jan. 31, 2021	23,973	$ 0	$ 0	24,080	0	(107)
Shares, Outstanding, Beginning Balance at Nov. 01, 2020		4	407
Beginning Balance at Nov. 01, 2020	23,874	$ 0	$ 0	23,982	0	(108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,871
Other comprehensive income (loss), net of tax	2
Shares, Outstanding, Ending Balance at May. 02, 2021		4	410
Ending Balance at May. 02, 2021	23,939	$ 0	$ 0	24,045	0	(106)
Shares, Outstanding, Beginning Balance at Jan. 31, 2021		4	408
Beginning Balance at Jan. 31, 2021	23,973	$ 0	$ 0	24,080	0	(107)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,493				1,493
Other comprehensive income (loss), net of tax	1					1
Adjustments to additional paid in capital, Dividends in excess of retained earnings				(60)
Dividends to common stockholders	(1,477)				(1,417)
Dividends to preferred stockholders	(76)				(76)
Common stock issued, Shares			3
Common stock issued, Value	71		$ 0	71
Stock-based compensation	425			425
Shares repurchased for tax withholdings upon vesting of equity awards, Shares			(1)
Shares repurchased for tax withholdings upon vesting of equity awards, Value	(471)		$ 0	(471)
Shares, Outstanding, Ending Balance at May. 02, 2021		4	410
Ending Balance at May. 02, 2021	$ 23,939	$ 0	$ 0	$ 24,045	$ 0	$ (106)

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Stockholders' Equity - Unaudited Parenthetical	6 Months Ended
	May 02, 2021	May 03, 2020
Preferred Stock, Dividend Rate, Percentage	8.00%
Preferred Stock
Preferred Stock, Dividend Rate, Percentage	8.00%	8.00%

Overview, Basis of Presentation

Overview, Basis of Presentation and Significant Accounting Policies	6 Months Ended
	May 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Overview, Basis of Presentation and Significant Accounting Policies	Overview, Basis of Presentation and Significant Accounting Policies Overview Broadcom Inc. (“Broadcom”), a Delaware corporation, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. We develop semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. We have a history of innovation in the semiconductor industry and offer thousands of products that are used in end products such as enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Our infrastructure software solutions enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Our portfolio of mainframe and BizOps software solutions enables customers to leverage the benefits of agility, automation, insights, resiliency and security in managing business processes and technology investments. We offer a cyber security solutions portfolio, including endpoint, network, information and identity security solutions. We also offer mission critical fibre channel storage area networking (“FC SAN”) products and related software in the form of modules, switches and subsystems incorporating multiple semiconductor products. Unless stated otherwise or the context otherwise requires, references to “Broadcom,” “we,” “our” and “us” mean Broadcom and its consolidated subsidiaries. We have two reportable segments: semiconductor solutions and infrastructure software. Basis of Presentation We operate on a 52- or 53-week fiscal year ending on the Sunday closest to October 31 in a 52-week year and the first Sunday in November in a 53-week year. Our fiscal year ending October 31, 2021 (“fiscal year 2021”) is a 52-week fiscal year. The first quarter of our fiscal year 2021 ended on January 31, 2021, the second quarter ended on May 2, 2021 and the third quarter ends on August 1, 2021. Our fiscal year ended November 1, 2020 (“fiscal year 2020”) was also a 52-week fiscal year. The accompanying condensed consolidated financial statements include the accounts of Broadcom and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information. The financial information included herein is unaudited, and reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair statement of the results for the periods presented. The November 1, 2020 condensed consolidated balance sheet data were derived from Broadcom’s audited consolidated financial statements included in its Annual Report on Form 10-K for fiscal year 2020 as filed with the Securities and Exchange Commission. All intercompany transactions and balances have been eliminated in consolidation. The operating results for the fiscal quarter and two fiscal quarters ended May 2, 2021 are not necessarily indicative of the results that may be expected for fiscal year 2021, or for any other future period. Significant Accounting Policies Use of estimates. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The inputs into certain of these estimates and assumptions include the consideration of the economic impact of the COVID-19 pandemic. Actual results could differ materially from these estimates, and such differences could affect the results of operations reported in future periods. As the impact of the COVID-19 pandemic continues to develop, many of these estimates could require increased judgment and carry a higher degree of variability and volatility, and may change materially in future periods.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
Revenue from Contracts with Customers	May 02, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers We account for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights can be identified, payment terms can be identified, the contract has commercial substance, and it is probable we will collect substantially all of the consideration we are entitled to. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised product or service to a customer. Disaggregation We have considered (1) information that is regularly reviewed by our Chief Executive Officer, who has been identified as the Chief Operating Decision Maker (the “CODM”) as defined by the authoritative guidance on segment reporting, in evaluating financial performance and (2) disclosures presented outside of our financial statements in our earnings releases and used in investor presentations to disaggregate revenues. The principal category we use to disaggregate revenues is the nature of our products and subscriptions and services, as presented in our condensed consolidated statements of operations. In addition, revenues by reportable segment are presented in Note 10. “Segment Information”. The following tables present revenue disaggregated by type of revenue and by region for the periods presented: Fiscal Quarter Ended May 2, 2021 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 471 $ 4,035 $ 477 $ 4,983 Subscriptions and services (a) 1,050 193 384 1,627 Total $ 1,521 $ 4,228 $ 861 $ 6,610 Fiscal Quarter Ended May 3, 2020 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 490 $ 3,438 $ 325 $ 4,253 Subscriptions and services (a) 976 162 351 1,489 Total $ 1,466 $ 3,600 $ 676 $ 5,742 Two Fiscal Quarters Ended May 2, 2021 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 861 $ 8,355 $ 848 $ 10,064 Subscriptions and services (a) 2,054 384 763 3,201 Total $ 2,915 $ 8,739 $ 1,611 $ 13,265 Two Fiscal Quarters Ended May 3, 2020 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 930 $ 6,889 $ 638 $ 8,457 Subscriptions and services (a) 2,075 331 737 3,143 Total $ 3,005 $ 7,220 $ 1,375 $ 11,600 ________________________________ (a) Subscriptions and services predominantly includes software licenses with termination for convenience clauses. Although we recognize revenue for the majority of our products when title and control transfer in Penang, Malaysia, we disclose net revenue by region based on the geographic shipment or delivery location specified by our distributors, original equipment manufacturer customers, contract manufacturers, channel partners, or software customers. Contract Balances Contract assets and contract liabilities balances were as follows: Contract Assets Contract Liabilities (In millions) Balance as of November 1, 2020 $ 158 $ 3,443 Balance as of May 2, 2021 $ 128 $ 4,097 Changes in our contract assets and contract liabilities primarily result from the timing difference between our performance and the customer’s payment. We fulfill our obligations under a contract with a customer by transferring products and services in exchange for consideration from the customer. We recognize a contract asset when we transfer products or services to a customer and the right to consideration is conditional on something other than the passage of time. Accounts receivable are recorded when the customer has been billed or the right to consideration is unconditional. We recognize contract liabilities when we have received consideration or an amount of consideration is due from the customer and we have a future obligation to transfer products or services. Contract liabilities include amounts billed or collected and advanced payments on contracts or arrangements, which may include termination for convenience provisions. The amount of revenue recognized during the two fiscal quarters ended May 2, 2021 that was included in the contract liabilities balance as of November 1, 2020 was $1,853 million. The amount of revenue recognized during the two fiscal quarters ended May 3, 2020 that was included in the contract liabilities balance as of November 3, 2019 was $1,059 million. Remaining Performance Obligations Revenue allocated to remaining performance obligations represents the transaction price allocated to unsatisfied or partially unsatisfied performance obligations. Remaining performance obligations include unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, but do not include contracts for software, subscriptions or services where the customer is not committed. The customer is not considered committed when termination for convenience without payment of a substantive penalty exists, either contractually or through customary business practice. The majority of our customer software contracts include termination for convenience clauses without a substantive penalty and are not considered committed. Additionally, as a practical expedient, we have not included contracts that have an original duration of one year or less, nor have we included contracts with sales-based or usage-based royalties promised in exchange for a license of intellectual property (“IP”). Certain multi-year customer contracts in our semiconductor solutions segment contain firmly committed amounts and the remaining performance obligations under these contracts as of May 2, 2021 were approximately $6.1 billion. We expect approximately 26% of this amount to be recognized as revenue over the next 12 months. Although the majority of our software contracts are not deemed to be committed, our customers generally do not exercise their termination for convenience rights. In addition, the majority of our contracts for products, subscriptions and services have a duration of one year or less. Accordingly, our remaining performance obligations disclosed above are not indicative of revenue for future periods .

Acquisitions

Acquisitions	6 Months Ended
Acquisitions	May 02, 2021
Business Combinations [Abstract]
Acquisitions	Acquisitions Acquisition of the Symantec Corporation Enterprise Security Business On November 4, 2019, we completed the purchase of certain assets and assumed certain liabilities of the Symantec Corporation Enterprise Security business (the “Symantec Business”), which was an established leader in cyber security, for $10.7 billion in cash (the “Symantec Asset Purchase”). We acquired the Symantec Business to expand our footprint of mission critical infrastructure software with our existing customer base. Unaudited Pro Forma Information The following unaudited pro forma financial information presents combined results of operations for the periods presented, as if we had completed the Symantec Asset Purchase as of the beginning of our fiscal year ended November 3, 2019 (“fiscal year 2019”). The unaudited pro forma information includes adjustments to amortization and depreciation for intangible assets and property, plant and equipment acquired, adjustments to interest expense for the additional indebtedness incurred to complete the acquisition, restructuring charges related to the acquisition and transaction costs. The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the combined business had the acquisition actually occurred at the beginning of fiscal year 2019 or of the results of our future operations of the combined business. Fiscal Quarter Ended Two Fiscal Quarters Ended May 3, May 3, (In millions) Pro forma net revenue $ 5,568 $ 11,207 Pro forma net income attributable to common stock $ 403 $ 632 Other Acquisitions

Supplemental Financial Informat

Supplemental Financial Information	6 Months Ended
Supplemental Financial Information	May 02, 2021
Disclosure Text Block Supplement [Abstract]
Supplemental Financial Information	Supplemental Financial Information Cash Equivalents Cash equivalents included $3,188 million and $2,471 million of time deposits and $1,385 million and $790 million of money-market funds as of May 2, 2021 and November 1, 2020, respectively. For time deposits, carrying value approximates fair value due to the short-term nature of the instruments. The fair value of money-market funds, which was consistent with their carrying value, was determined using unadjusted prices in active, accessible markets for identical assets, and as such, they were classified as Level 1 assets in the fair value hierarchy. Accounts Receivable Factoring We sell certain of our trade accounts receivable on a non-recourse basis to third-party financial institutions pursuant to factoring arrangements. We account for these transactions as sales of receivables and present cash proceeds as cash provided by operating activities in the condensed consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $900 million and $1,827 million during the fiscal quarter and two fiscal quarters ended May 2, 2021, respectively, and $926 million and $1,827 million for the fiscal quarter and two fiscal quarters ended May 3, 2020, respectively. Factoring fees for the sales of receivables were recorded in other income (expense), net and were not material for any of the periods presented. Inventory May 2, November 1, (In millions) Finished goods $ 321 $ 323 Work-in-process 559 558 Raw materials 124 122 Total inventory $ 1,004 $ 1,003 Other Current Assets May 2, November 1, (In millions) Prepaid expenses $ 604 $ 387 Other (miscellaneous) 694 590 Total other current assets $ 1,298 $ 977 Other Current Liabilities May 2, November 1, (In millions) Contract liabilities $ 3,409 $ 2,620 Tax liabilities 506 440 Interest payable 335 304 Other (miscellaneous) 439 467 Total other current liabilities $ 4,689 $ 3,831 Other Long-Term Liabilities May 2, November 1, (In millions) Unrecognized tax benefits $ 3,188 $ 3,185 Contract liabilities 688 823 Other (miscellaneous) 1,086 1,418 Total other long-term liabilities $ 4,962 $ 5,426 Supplemental Cash Flow Information Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions) Cash paid for interest $ 369 $ 375 $ 741 $ 756 Cash paid for income taxes $ 293 $ 124 $ 440 $ 255 As of May 2, 2021 and May 3, 2020, $38 million and $53 million, respectively, of unpaid purchases of property, plant and equipment were included in accounts payable. Amounts reported as unpaid purchases are presented as cash outflows from investing activities for purchases of property, plant and equipment in the condensed consolidated statements of cash flows in the period in which they are paid.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
Goodwill and Intangible Assets	May 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Semiconductor Solutions Infrastructure Software Total (In millions) Balance as of November 1, 2020 $ 25,959 $ 17,488 $ 43,447 Acquisition — 10 10 Balance as of May 2, 2021 $ 25,959 $ 17,498 $ 43,457 Intangible Assets Gross Carrying Accumulated Net Book (In millions) As of May 2, 2021: Purchased technology $ 24,126 $ (15,648) $ 8,478 Customer contracts and related relationships 8,392 (3,871) 4,521 Order backlog 2,579 (2,094) 485 Trade names 797 (360) 437 Other 248 (126) 122 Intangible assets subject to amortization 36,142 (22,099) 14,043 In-process research and development 25 — 25 Total $ 36,167 $ (22,099) $ 14,068 As of November 1, 2020: Purchased technology $ 24,119 $ (13,925) $ 10,194 Customer contracts and related relationships 8,389 (3,179) 5,210 Order backlog 2,579 (1,836) 743 Trade names 797 (322) 475 Other 252 (117) 135 Intangible assets subject to amortization 36,136 (19,379) 16,757 In-process research and development 25 — 25 Total $ 36,161 $ (19,379) $ 16,782 Based on the amount of intangible assets subject to amortization at May 2, 2021, the expected amortization expense for each of the next five years and thereafter was as follows: Fiscal Year: Expected Amortization Expense (In millions) 2021 (remainder) $ 2,695 2022 4,367 2023 3,237 2024 2,367 2025 657 Thereafter 720 Total $ 14,043 The weighted-average remaining amortization periods by intangible asset category were as follows: Amortizable intangible assets: May 2, (In years) Purchased technology 4 Customer contracts and related relationships 4 Order backlog 2 Trade names 9 Other 9

Net Income Per Share

Net Income Per Share	6 Months Ended
Net Income Per Share	May 02, 2021
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share Basic net income per share is computed by dividing net income attributable to common stock by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income attributable to common stock by the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. Diluted shares outstanding include the dilutive effect of unvested restricted stock units (“RSUs”), in-the-money stock options and employee stock purchase plan rights under the Broadcom Inc. Employee Stock Purchase Plan, as amended (“ESPP”), (collectively referred to as “equity awards”), as well as Mandatory Convertible Preferred Stock, as defined in Note 8. “Stockholders’ Equity.” Potentially dilutive shares whose effect would have been antidilutive are excluded from the computation of diluted net income per share. The dilutive effect of equity awards is calculated based on the average stock price for each fiscal period, using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and purchasing shares under the ESPP and the amount of compensation cost for future service that we have not yet recognized are collectively assumed to be used to repurchase shares. The dilutive effect of Mandatory Convertible Preferred Stock is calculated using the if-converted method. The if-converted method assumes that these securities were converted at the beginning of the reporting period to the extent that the effect is dilutive. For each of the fiscal quarter and two fiscal quarters ended May 2, 2021, diluted net income per share excluded the potentially dilutive effect of 12 million shares of common stock issuable upon the conversion of Mandatory Convertible Preferred Stock as their effect was antidilutive. For each of the fiscal quarter and two fiscal quarters ended May 3, 2020, diluted net income per share excluded the potentially dilutive effect of 13 million shares of common stock issuable upon the conversion of Mandatory Convertible Preferred Stock as their effect was antidilutive. The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the periods presented: Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions, except per share data) Numerator: Income from continuing operations $ 1,493 $ 568 $ 2,871 $ 948 Dividends on preferred stock (76) (75) (150) (149) Income from continuing operations attributable to common stock 1,417 493 2,721 799 Loss from discontinued operations, net of income taxes, attributable to common stock — (5) — — Net income attributable to common stock $ 1,417 $ 488 $ 2,721 $ 799 Denominator: Weighted-average shares outstanding - basic 409 401 408 400 Dilutive effect of equity awards 20 16 21 19 Weighted-average shares outstanding - diluted 429 417 429 419 Basic income per share attributable to common stock: Income per share from continuing operations $ 3.46 $ 1.23 $ 6.67 $ 2.00 Loss per share from discontinued operations — (0.01) — — Net income per share $ 3.46 $ 1.22 $ 6.67 $ 2.00 Diluted income per share attributable to common stock: Income per share from continuing operations $ 3.30 $ 1.18 $ 6.34 $ 1.91 Loss per share from discontinued operations — (0.01) — — Net income per share $ 3.30 $ 1.17 $ 6.34 $ 1.91

Borrowings

Borrowings	6 Months Ended
Borrowings	May 02, 2021
Debt Disclosure [Abstract]
Borrowings	Borrowings Effective Interest Rate May 2, November 1, (In millions, except percentages) March 2021 Senior Notes - fixed rate 3.419% notes due April 2033 4.66 % $ 2,250 $ — 3.469% notes due April 2034 4.63 % 3,250 — January 2021 Senior Notes - fixed rate 1.950% notes due February 2028 2.10 % 750 — 2.450% notes due February 2031 2.56 % 2,750 — 2.600% notes due February 2033 2.70 % 1,750 — 3.500% notes due February 2041 3.60 % 3,000 — 3.750% notes due February 2051 3.84 % 1,750 — June 2020 Senior Notes - fixed rate 3.459% notes due September 2026 4.19 % 1,695 1,695 4.110% notes due September 2028 5.02 % 2,222 2,222 May 2020 Senior Notes - fixed rate 2.250% notes due November 2023 2.40 % 105 1,000 3.150% notes due November 2025 3.29 % 1,418 2,250 4.150% notes due November 2030 4.27 % 2,750 2,750 4.300% notes due November 2032 4.39 % 2,000 2,000 April 2020 Senior Notes - fixed rate 4.700% notes due April 2025 4.88 % 1,247 2,250 5.000% notes due April 2030 5.18 % 2,250 2,250 November 2019 Term Loans - floating rate LIBOR plus 1.125% term loan due November 2022 1.54 % — 1,819 LIBOR plus 1.250% term loan due November 2024 1.56 % — 4,069 April 2019 Senior Notes - fixed rate 3.125% notes due April 2021 3.61 % — 525 3.125% notes due October 2022 3.53 % — 693 3.625% notes due October 2024 3.98 % 622 1,044 4.250% notes due April 2026 4.54 % 1,183 2,500 4.750% notes due April 2029 4.95 % 3,000 3,000 2017 Senior Notes - fixed rate 2.200% notes due January 2021 2.41 % — 282 3.000% notes due January 2022 3.21 % 255 842 2.650% notes due January 2023 2.78 % 260 1,000 3.625% notes due January 2024 3.74 % 829 1,352 3.125% notes due January 2025 3.23 % 585 1,000 3.875% notes due January 2027 4.02 % 3,813 4,800 3.500% notes due January 2028 3.60 % 1,250 1,250 Assumed CA Senior Notes - fixed rate 3.600% notes due August 2022 4.07 % — 283 4.500% notes due August 2023 4.10 % 143 250 4.700% notes due March 2027 5.15 % 350 350 Effective Interest Rate May 2, November 1, (In millions, except percentages) Other borrowings 2.500% - 4.500% notes due August 2022 - August 2034 2.59% - 4.55% 22 22 Total principal amount outstanding 41,499 41,498 Less: Unamortized discount and issuance costs (1,123) (504) Total debt $ 40,376 $ 40,994 As of May 2, 2021 and November 1, 2020, short-term finance lease liabilities of $23 million and $20 million, respectively, were included in the current portion of long-term debt and long-term finance lease liabilities of $39 million and $48 million, respectively, were included in long-term debt. March 2021 Senior Notes In March 2021, we completed the settlement of our private offers to exchange $5.5 billion of certain of our outstanding notes maturing between 2024 and 2027 (the “Exchange Offer”) for $2,250 million of 3.419% new senior unsecured notes due April 2033 and $3,250 million of 3.469% new senior unsecured notes due April 2034 (collectively, the “March 2021 Senior Notes”). As a result of the Exchange Offer, we paid premiums of $581 million, which were included in unamortized discount and issuance costs. At our option, we may redeem or purchase, in whole or in part, any of the March 2021 Senior Notes prior to their respective maturities, subject to a specified make-whole premium determined in accordance with the indenture governing the March 2021 Senior Notes, plus accrued and unpaid interest. In the event of a change in control, note holders will have the right to require us to repurchase their notes at a price equal to 101% of the principal amount of such notes, plus accrued and unpaid interest. As of May 2, 2021, the March 2021 Senior Notes were recorded as long-term debt, net of discount and issuance costs, which are amortized to interest expense over the respective terms of these borrowings. In connection with the Exchange Offer, Broadcom Corporation and Broadcom Technologies Inc. were automatically and unconditionally released from their guarantees in accordance with the respective indentures governing the January 2021 Senior Notes, June 2020 Senior Notes, May 2020 Senior Notes, April 2020 Senior Notes, and April 2019 Senior Notes. January 2021 Senior Notes In January 2021, we issued $10 billion of senior unsecured notes (the “January 2021 Senior Notes”). At our option, we may redeem or purchase, in whole or in part, any of the January 2021 Senior Notes prior to their respective maturities, subject to a specified make-whole premium determined in accordance with the indenture governing the January 2021 Senior Notes, plus accrued and unpaid interest. In the event of a change in control, note holders will have the right to require us to repurchase their notes at a price equal to 101% of the principal amount of such notes, plus accrued and unpaid interest. As of May 2, 2021, the January 2021 Senior Notes were recorded as long-term debt, net of discount and issuance costs, which are amortized to interest expense over the respective terms of these borrowings. During the fiscal quarter ended January 31, 2021, we used the net proceeds from the January 2021 Senior Notes to repay an aggregate of $5,888 million, or the outstanding balance, of our unsecured term A-3 facility and unsecured term A-5 facility under the credit agreement entered into on November 4, 2019 (the “November 2019 Credit Agreement”). Additionally, pursuant to a cash tender offer that we announced on January 4, 2021 (the “Tender Offer”), we early settled and repurchased $2,902 million of certain of our outstanding notes maturing between 2021 and 2023. As a result of these transactions, we incurred premiums of $128 million and wrote off $44 million of unamortized discount and issuance costs, both of which were included in interest expense. We also repaid $282 million of our 2.200% notes upon maturity in January 2021. During the fiscal quarter ended May 2, 2021, we completed the Tender Offer and repurchased an additional $9 million of certain outstanding notes maturing between 2021 and 2023. Using the remaining proceeds from the January 2021 Senior Notes, we repurchased $606 million, or the outstanding balances, of our 3.125% notes due April 2021, 3.125% notes due October 2022, and 3.600% notes due August 2022 and repurchased $314 million of our 3.000% notes due January 2022. As a result of these repurchases, we incurred premiums of $23 million. January 2021 Credit Agreement In January 2021, we entered into a credit agreement (the “January 2021 Credit Agreement”), which provides for a five-year $7.5 billion unsecured revolving credit facility (the “Revolving Facility”), of which $500 million is available for the issuance of multi-currency letters of credit. The issuance of letters of credit and certain other instruments would reduce the aggregate amount otherwise available under the Revolving Facility for revolving loans. Subject to the terms of the January 2021 Credit Agreement, we are permitted to borrow, repay and reborrow revolving loans at any time prior to the earlier of (a) January 19, 2026 and (b) the date of termination in whole of the revolving lenders’ commitments under the January 2021 Credit Agreement. In connection with the January 2021 Credit Agreement, we terminated the credit agreement entered into on May 7, 2019, which provided for a five-year $5 billion unsecured revolving credit facility, and the November 2019 Credit Agreement. As of May 2, 2021, we had no borrowings outstanding under the Revolving Facility. Commercial Paper In February 2019, we established a commercial paper program pursuant to which we may issue unsecured commercial paper notes (“Commercial Paper”) in principal amount of up to $2 billion outstanding at any time with maturities of up to 397 days from the date of issue. Commercial Paper is sold under customary terms in the commercial paper market and may be issued at a discount from par or, alternatively, may be sold at par and bear interest at rates dictated by market conditions at the time of their issuance. The discount associated with the Commercial Paper is amortized to interest expense over its term. Outstanding Commercial Paper reduces the amount that would otherwise be available to borrow for general corporate purposes under the Revolving Facility. As our commercial paper program is supported by the Revolving Facility, we have the ability and intent to continuously refinance Commercial Paper. As of May 2, 2021 and November 1, 2020, we had no Commercial Paper outstanding. Fair Value of Debt As of May 2, 2021, the estimated aggregate fair value of debt was $43,868 million. The fair value of our senior notes was determined using quoted prices from less active markets. All of our debt obligations are categorized as Level 2 instruments. Future Principal Payments of Debt The future scheduled principal payments of debt as of May 2, 2021 were as follows: Fiscal Year: Future Scheduled Principal Payments (In millions) 2021 (remainder) $ — 2022 264 2023 403 2024 1,563 2025 1,832 Thereafter 37,437 Total $ 41,499 As of May 2, 2021 and November 1, 2020, we accrued interest payable of $335 million and $304 million, respectively, and were in compliance with all debt covenants.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	May 02, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Mandatory Convertible Preferred Stock On September 30, 2019, we completed an offering of approximately 4 million shares of 8.00% Mandatory Convertible Preferred Stock, Series A, $0.001 par value per share (“Mandatory Convertible Preferred Stock”). On September 30, 2022, unless earlier converted, each outstanding share of Mandatory Convertible Preferred Stock will automatically convert into shares of our common stock at a rate between the then minimum and maximum conversion rates. At any time prior to September 30, 2022, holders may elect to convert each share of Mandatory Convertible Preferred Stock into shares of our common stock at the then minimum conversion rate. The conversion rates are subject to anti-dilution adjustments. As of May 2, 2021, the minimum conversion rate was 3.0700 and the maximum conversion rate was 3.5884. As of each May 2, 2021 and November 1, 2020, we recognized $27 million of accrued preferred stock dividends, which were presented as temporary equity on our condensed consolidated balance sheets. Cash Dividends Declared and Paid Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions, except per share data) Dividends per share to common stockholders $ 3.60 $ 3.25 $ 7.20 $ 6.50 Dividends to common stockholders $ 1,477 $ 1,306 $ 2,945 $ 2,603 Dividends per share to preferred stockholders $ 20.00 $ 20.00 $ 40.00 $ 40.00 Dividends to preferred stockholders $ 75 $ 75 $ 150 $ 150 Stock-Based Compensation Expense Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions) Cost of products sold $ 21 $ 27 $ 41 $ 58 Cost of subscriptions and services 17 14 29 26 Research and development 307 373 635 764 Selling, general and administrative 80 103 164 214 Total stock-based compensation expense $ 425 $ 517 $ 869 $ 1,062 As of May 2, 2021, the total unrecognized compensation cost related to unvested stock-based awards was $3,716 million, which is expected to be recognized over the remaining weighted-average service period of 3.2 years. Equity Incentive Award Plans During the fiscal quarter ended May 2, 2021, our stockholders approved the amendment and restatement of our 2012 stock incentive plan, now called Broadcom Inc. 2012 Stock Incentive Plan (the “Amended 2012 Plan”). Under the Amended 2012 Plan, we may grant to all employees stock options and stock appreciation rights with an exercise price that is no less than the fair market value on the date of grant, and time- and market-based RSUs. The Amended 2012 Plan reduced the number of shares available for new equity award grants to 20 million shares and removed the annual share replenishment provision. We will make no further equity award grants under our LSI Corporation 2003 Equity Incentive Plan. A summary of time- and market-based RSU activity is as follows: Number of RSUs Weighted-Average (In millions, except per share data) Balance as of November 1, 2020 32 $ 188.35 Granted 1 $ 403.13 Vested (4) $ 210.46 Forfeited (1) $ 193.38 Balance as of May 2, 2021 28 $ 198.05 The aggregate fair value of time- and market-based RSUs that vested during the two fiscal quarters ended May 2, 2021 was $1,909 million, which represented the market value of our common stock on the date that the RSUs vested. The number of RSUs vested included shares of common stock that we withheld for settlement of employees’ tax obligations due upon the vesting of RSUs.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	May 02, 2021
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The benefit from income taxes was $7 million and $1 million for the fiscal quarter and two fiscal quarters ended May 2, 2021, respectively, compared to $159 million and $235 million for the fiscal quarter and two fiscal quarters ended May 3, 2020, respectively. The benefit from income taxes for the fiscal quarter and two fiscal quarters ended May 2, 2021 reflected excess tax benefits from stock-based awards and the recognition of gross unrecognized tax benefits as a result of lapses of statutes of limitations and audit settlements, substantially offset by higher taxes on income from continuing operations. The benefit from income taxes for the fiscal quarter and two fiscal quarters ended May 3, 2020 resulted from significant discrete items related to the remeasurement of certain foreign deferred tax assets and liabilities and excess tax benefits from stock-based awards. These discrete items, together with the impact of the jurisdictional mix of income and expense, more than offset taxes on income from continuing operations. Uncertain Tax Positions The balance of gross unrecognized tax benefits was $4,856 million and $4,748 million as of May 2, 2021 and November 1, 2020, respectively. Accrued interest and penalties are included in other long-term liabilities on the condensed consolidated balance sheets. As of May 2, 2021 and November 1, 2020, the combined amount of cumulative accrued interest and penalties was approximately $349 million and $340 million, respectively. As of May 2, 2021 and November 1, 2020, approximately $5,205 million and $5,088 million, respectively, of the unrecognized tax benefits, including accrued interest and penalties, would affect our effective tax rate if favorably resolved. We are subject to U.S. income tax examination for fiscal years 2013 and later. Certain of our acquired companies are subject to tax examinations in major jurisdictions outside of the U.S. for fiscal years 2008 and later. It is possible that our existing unrecognized tax benefits may change up to $277 million as a result of lapses of the statute of limitations for certain audit periods and/or audit examinations expected to be completed within the next 12 months.

Segment Information

Segment Information	6 Months Ended
Segment Information	May 02, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information Reportable Segments We have two reportable segments: semiconductor solutions and infrastructure software. Each segment represents components for which separate financial information is available that is utilized on a regular basis by the CODM in determining how to allocate resources and evaluate performance. The reportable segments are determined based on several factors including, but not limited to, customer base, homogeneity of products, technology, delivery channels and similar economic characteristics. Semiconductor solutions . We provide semiconductor solutions for managing the movement of data in data center, telecom, enterprise and embedded networking applications. We provide a broad variety of radio frequency semiconductor devices, wireless connectivity solutions and custom touch controllers for mobile applications. We also provide semiconductor solutions for enabling the set-top box and broadband access markets and for enabling secure movement of digital data to and from host machines, such as servers, personal computers and storage systems, to the underlying storage devices, such as hard disk drives and solid state drives. We also provide a broad variety of products for the general industrial and automotive markets. Our semiconductor solutions segment also includes our IP licensing. Infrastructure software. We provide a portfolio of software solutions that enables customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Our portfolio of mainframe and BizOps software solutions enables customers to leverage the benefits of agility, automation, insights, resiliency and security in managing business processes and technology investments. Our cyber security solutions portfolio includes endpoint, network, information and identity security solutions. We also offer mission critical FC SAN products and related software. Our CODM assesses the performance of each segment and allocates resources to each segment based on net revenue and operating results and does not evaluate each segment using discrete asset information. Operating results by segment include items that are directly attributable to each segment and also include shared expenses such as global operations, including manufacturing support, logistics and quality control, expenses associated with selling, general and administrative activities, facilities and information technology (“IT”) expenses. Shared expenses are primarily allocated based on revenue and headcount. During the fourth quarter of fiscal year 2020, we refined our allocation methodology for certain selling, general and administrative expenses to more closely align these costs with the segment benefiting from the shared expenses. Prior period segment results have been recast to conform to the current presentation. Unallocated Expenses Unallocated expenses include amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring, impairment and disposal charges, acquisition-related costs, charges related to inventory step-up to fair value, and other costs, which are not used in evaluating the results of, or in allocating resources to, our segments. Acquisition-related costs include transaction costs and any costs directly related to the acquisition and integration of acquired businesses. Depreciation expense directly attributable to each reportable segment is included in the operating results of each segment. However, the CODM does not evaluate depreciation expense by operating segment and, therefore, it is not separately presented. There was no inter-segment revenue for any of the periods presented. The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” included in the Annual Report on Form 10-K for fiscal year 2020. Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions) Net revenue: Semiconductor solutions $ 4,820 $ 4,027 $ 9,728 $ 8,218 Infrastructure software 1,790 1,715 3,537 3,382 Total net revenue $ 6,610 $ 5,742 $ 13,265 $ 11,600 Operating income: Semiconductor solutions $ 2,547 $ 1,891 $ 5,108 $ 3,934 Infrastructure software 1,255 1,140 2,474 2,181 Unallocated expenses (1,827) (2,265) (3,770) (4,635) Total operating income $ 1,975 $ 766 $ 3,812 $ 1,480 Significant Customer Information We sell our products through our direct sales force and a select network of distributors and channel partners globally. No customer accounted for 10% or more of our net accounts receivable balance as of May 2, 2021 or November 1, 2020.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	May 02, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments The following table summarizes contractual obligations and commitments as of May 2, 2021 that materially changed from the end of fiscal year 2020: Fiscal Year: Debt Principal, Interest and Fees Purchase Commitments Other Contractual Commitments (In millions) 2021 (remainder) $ 811 $ 1,106 $ 89 2022 1,819 76 231 2023 1,950 38 220 2024 3,084 — 166 2025 3,276 — 73 Thereafter 46,048 — 245 Total $ 56,988 $ 1,220 $ 1,024 Debt Principal, Interest and Fees. Represents principal, interest and fees on our borrowings. Purchase Commitments. Represents unconditional purchase obligations that include agreements to purchase goods or services, primarily inventory, that are enforceable and legally binding on us and that specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions, and the approximate timing of the transaction. Purchase obligations exclude agreements that are cancelable without penalty. Cancellation for outstanding purchase orders for capital expenditures in connection with construction of our new campuses is generally allowed but requires payment of all costs incurred through the date of cancellation and, therefore, cancelable purchase orders for these capital expenditures are included in the table above. Other Contractual Commitments. Represents amounts payable pursuant to agreements related to IT, human resources, and other service agreements. Due to the inherent uncertainty with respect to the timing of future cash outflows associated with our unrecognized tax benefits at May 2, 2021, we are unable to reliably estimate the timing of cash settlement with the respective taxing authorities. Therefore, $3,188 million of unrecognized tax benefits and accrued interest classified within other long-term liabilities on our condensed consolidated balance sheet as of May 2, 2021 have been excluded from the table above. Standby Letters of Credit As of May 2, 2021 and November 1, 2020, we had standby letters of credit of $59 million and $65 million, respectively. Standby letters of credit are financial guarantees provided by third parties for leases, customs, taxes and certain self-insured risks. If the guarantees are called, we must reimburse the provider of the guarantees. Contingencies From time to time, we are involved in litigation that we believe is of the type common to companies engaged in our lines of business, including commercial disputes, employment issues, tax disputes and disputes involving claims by third parties that our activities infringe their patent, copyright, trademark or other IP rights, as well as regulatory investigations or inquiries. Legal proceedings and regulatory investigations or inquiries are often complex, may require the expenditure of significant funds and other resources, and the outcome of such proceedings is inherently uncertain, with material adverse outcomes possible. IP property claims generally involve the demand by a third-party that we cease the manufacture, use or sale of the allegedly infringing products, processes or technologies and/or pay substantial damages or royalties for past, present and future use of the allegedly infringing IP. Claims that our products or processes infringe or misappropriate any third-party IP rights (including claims arising through our contractual indemnification of our customers) often involve highly complex, technical issues, the outcome of which is inherently uncertain. Moreover, from time to time, we pursue litigation to assert our IP rights. Regardless of the merit or resolution of any such litigation, complex IP litigation is generally costly and diverts the efforts and attention of our management and technical personnel. Lawsuits Relating to California Institute of Technology California Institute of Technology ("Caltech") filed a complaint against Broadcom and Apple Inc. on May 26, 2016 in the United States District Court for the Central District of California (the “U.S. Central District Court”), and an amended complaint adding Cypress Semiconductor Corporation as a defendant on August 15, 2016. The amended complaint alleged that chips that support certain error correction codes as specified in IEEE Standards 802.11n and 802.11ac willfully infringed four patents related to error correction coding: U.S. Patent Nos. 7,116,710; 7,421,032; 7,916,781; and 8,284,833 (“’833 patent”). Prior to trial, Caltech dismissed its claims against Cypress and withdrew its infringement allegations as to ‘833 patent. The complaint sought a preliminary and permanent injunction, damages, pre- and post-judgment interest, as well as attorneys’ fees, costs, and expenses. The trial was held in January 2020, and on January 29, 2020, the jury issued its verdict finding infringement and awarding Caltech past damages of $270.2 million from Broadcom and $837.8 million from Apple, for which Apple is seeking indemnification from Broadcom. On August 3, 2020, the U.S. Central District Court issued its judgment, awarding Caltech past damages in the amounts awarded by the jury, as well as pre- and post-judgment interest. Additionally, the U.S. Central District Court awarded Caltech an unspecified amount of ongoing royalties to be determined after the anticipated appeals process is resolved. Neither the jury nor the U.S. Central District Court found willful infringement, which if it had, could have resulted in enhanced damages up to three times the amount awarded. Broadcom and Apple have appealed to the United States Court of Appeals for the Federal Circuit. We believe that the evidence and the law do not support the U.S. Central District Court’s findings of infringement or the award of damages, including ongoing royalties, and do not believe a material loss is probable at this time. We believe that there are strong grounds for appeal, and we intend to vigorously challenge the U.S. Central District Court’s judgment and rulings. As a result, we have not recorded a reserve with respect to this litigation, in accordance with the applicable accounting standards. We believe the low end of the possible range of loss is zero, but we cannot reasonably estimate the ultimate outcome, as a number of factors (including the appeal by Broadcom and Apple) could significantly change the assessment of damages. Other Matters In addition to the matters discussed above, we are currently engaged in a number of legal actions in the ordinary course of our business. Contingency Assessment We do not believe, based on currently available facts and circumstances, that the final outcome of any pending legal proceedings or ongoing regulatory investigations, taken individually or as a whole, will have a material adverse effect on our condensed consolidated financial statements. However, lawsuits may involve complex questions of fact and law and may require the expenditure of significant funds and other resources to defend. The results of litigation or regulatory investigations are inherently uncertain, and material adverse outcomes are possible. From time to time, we may enter into confidential discussions regarding the potential settlement of such lawsuits. Any settlement of pending litigation could require us to incur substantial costs and other ongoing expenses, such as future royalty payments in the case of an intellectual property dispute. During the periods presented, no material amounts have been accrued or disclosed in the accompanying condensed consolidated financial statements with respect to loss contingencies associated with any other legal proceedings or regulatory investigations, as potential losses for such matters are not considered probable and ranges of losses are not reasonably estimable. These matters are subject to many uncertainties and the ultimate outcomes are not predictable. There can be no assurances that the actual amounts required to satisfy any liabilities arising from the matters described above will not have a material adverse effect on our condensed consolidated financial statements. Other Indemnifications As is customary in our industry and as provided for in local law in the U.S. and other jurisdictions, many of our standard contracts provide remedies to our customers and others with whom we enter into contracts, such as defense, settlement, or payment of judgment for IP claims related to the use of our products. From time to time, we indemnify customers, as well as our suppliers, contractors, lessors, lessees, companies that purchase our businesses or assets and others with whom we enter into contracts, against combinations of loss, expense, or liability arising from various triggering events related to the sale and the use of our products, the use of their goods and services, the use of facilities and state of our owned facilities, the state of the assets and businesses that we sell and other matters covered by such contracts, usually up to a specified maximum amount. In addition, from time to time we also provide protection to these parties against claims related to undiscovered liabilities, additional product liabilities or environmental obligations. In our experience, claims made under such indemnifications are rare and the associated estimated fair value of the liability is not material.

Restructuring, Impairment and D

Restructuring, Impairment and Disposal Charges	6 Months Ended
Restructuring, Impairment and Disposal Charges	May 02, 2021
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring Charges The following is a summary of significant restructuring expense recognized primarily in operating expenses: • During the first quarter of fiscal year 2021, we initiated cost reduction activities associated with plans to align our workforce with strategic business activities and to improve efficiencies in our operations. As a result, we recognized $23 million and $98 million of restructuring expense primarily related to employee termination costs during the fiscal quarter and two fiscal quarters ended May 2, 2021, respectively. • We recognized $57 million and $109 million of restructuring expense primarily related to employee termination costs during the fiscal quarter and two fiscal quarters ended May 3, 2020, respectively. The restructuring expense during the fiscal quarter ended May 3, 2020 was primarily related to cost reduction activities associated with the Symantec Asset Purchase. The restructuring expense during the two fiscal quarters ended May 3, 2020 was related to cost reduction activities related to the Symantec Asset Purchase of $90 million and cost reduction activities related to our acquisition of CA, Inc. of $19 million. The following table summarizes the significant activities within, and components of, the restructuring liabilities during the two fiscal quarters ended May 2, 2021: Employee Termination Costs Other Exit Costs Total (In millions) Balance as of November 1, 2020 $ 34 $ — $ 34 Restructuring charges 72 9 81 Utilization (72) (9) (81) Balance as of May 2, 2021 (a) $ 34 $ — $ 34 _________________________________ (a) We expect the majority of the employee termination costs balance to be paid within the next six months. Restructuring, impairment and disposal charges in our condensed consolidated statement of operations for the two fiscal quarters ended May 2, 2021 included $17 million for the write-down of certain lease-related right-of-use assets and other lease-related charges. As of May 2, 2021, short-term and long-term lease liabilities included $76 million of liabilities related to restructuring activities.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	May 02, 2021
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events Preferred Stock Cash Dividends Declared On June 2, 2021, our Board of Directors declared a quarterly cash dividend of $20.00 per share on our Mandatory Convertible Preferred Stock, payable on June 30, 2021 to stockholders of record on June 15, 2021. Common Stock Cash Dividends Declared On June 2, 2021, our Board of Directors declared a quarterly cash dividend of $3.60 per share on our common stock, payable on June 30, 2021 to stockholders of record on June 22, 2021.

Overview, Basis of Presentati_2

Overview, Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	May 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal periods	We operate on a 52- or 53-week fiscal year ending on the Sunday closest to October 31 in a 52-week year and the first Sunday in November in a 53-week year. Our fiscal year ending October 31, 2021 (“fiscal year 2021”) is a 52-week fiscal year. The first quarter of our fiscal year 2021 ended on January 31, 2021, the second quarter ended on May 2, 2021 and the third quarter ends on August 1, 2021. Our fiscal year ended November 1, 2020 (“fiscal year 2020”) was also a 52-week fiscal year.
Basis of presentation	The accompanying condensed consolidated financial statements include the accounts of Broadcom and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information. The financial information included herein is unaudited, and reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair statement of the results for the periods presented. The November 1, 2020 condensed consolidated balance sheet data were derived from Broadcom’s audited consolidated financial statements included in its Annual Report on Form 10-K for fiscal year 2020 as filed with the Securities and Exchange Commission. All intercompany transactions and balances have been eliminated in consolidation. The operating results for the fiscal quarter and two fiscal quarters ended May 2, 2021 are not necessarily indicative of the results that may be expected for fiscal year 2021, or for any other future period.
Use of estimates	Use of estimates. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The inputs into certain of these estimates and assumptions include the consideration of the economic impact of the COVID-19 pandemic. Actual results could differ materially from these estimates, and such differences could affect the results of operations reported in future periods. As the impact of the COVID-19 pandemic continues to develop, many of these estimates could require increased judgment and carry a higher degree of variability and volatility, and may change materially in future periods.
Revenue from Contracts with Customers	We account for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights can be identified, payment terms can be identified, the contract has commercial substance, and it is probable we will collect substantially all of the consideration we are entitled to. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised product or service to a customer.
Net income per share	Basic net income per share is computed by dividing net income attributable to common stock by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income attributable to common stock by the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. Diluted shares outstanding include the dilutive effect of unvested restricted stock units (“RSUs”), in-the-money stock options and employee stock purchase plan rights under the Broadcom Inc. Employee Stock Purchase Plan, as amended (“ESPP”), (collectively referred to as “equity awards”), as well as Mandatory Convertible Preferred Stock, as defined in Note 8. “Stockholders’ Equity.” Potentially dilutive shares whose effect would have been antidilutive are excluded from the computation of diluted net income per share. The dilutive effect of equity awards is calculated based on the average stock price for each fiscal period, using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and purchasing shares under the ESPP and the amount of compensation cost for future service that we have not yet recognized are collectively assumed to be used to repurchase shares. The dilutive effect of Mandatory Convertible Preferred Stock is calculated using the if-converted method. The if-converted method assumes that these securities were converted at the beginning of the reporting period to the extent that the effect is dilutive.
Segment reporting	Each segment represents components for which separate financial information is available that is utilized on a regular basis by the CODM in determining how to allocate resources and evaluate performance. The reportable segments are determined based on several factors including, but not limited to, customer base, homogeneity of products, technology, delivery channels and similar economic characteristics.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
Revenue from Contracts with Customers (Tables)	May 02, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation	The following tables present revenue disaggregated by type of revenue and by region for the periods presented: Fiscal Quarter Ended May 2, 2021 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 471 $ 4,035 $ 477 $ 4,983 Subscriptions and services (a) 1,050 193 384 1,627 Total $ 1,521 $ 4,228 $ 861 $ 6,610 Fiscal Quarter Ended May 3, 2020 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 490 $ 3,438 $ 325 $ 4,253 Subscriptions and services (a) 976 162 351 1,489 Total $ 1,466 $ 3,600 $ 676 $ 5,742 Two Fiscal Quarters Ended May 2, 2021 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 861 $ 8,355 $ 848 $ 10,064 Subscriptions and services (a) 2,054 384 763 3,201 Total $ 2,915 $ 8,739 $ 1,611 $ 13,265 Two Fiscal Quarters Ended May 3, 2020 Americas Asia Pacific Europe, the Middle East and Africa Total (In millions) Products $ 930 $ 6,889 $ 638 $ 8,457 Subscriptions and services (a) 2,075 331 737 3,143 Total $ 3,005 $ 7,220 $ 1,375 $ 11,600 ________________________________ (a) Subscriptions and services predominantly includes software licenses with termination for convenience clauses.
Contract balances	Contract assets and contract liabilities balances were as follows: Contract Assets Contract Liabilities (In millions) Balance as of November 1, 2020 $ 158 $ 3,443 Balance as of May 2, 2021 $ 128 $ 4,097

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
Acquisitions (Tables)	May 02, 2021
Business Combinations [Abstract]
Schedule of Pro Forma Information	Fiscal Quarter Ended Two Fiscal Quarters Ended May 3, May 3, (In millions) Pro forma net revenue $ 5,568 $ 11,207 Pro forma net income attributable to common stock $ 403 $ 632

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	6 Months Ended
Supplemental Financial Information (Tables)	May 02, 2021
Disclosure Text Block Supplement [Abstract]
Summary of Inventory	May 2, November 1, (In millions) Finished goods $ 321 $ 323 Work-in-process 559 558 Raw materials 124 122 Total inventory $ 1,004 $ 1,003
Summary of Other Current Assets	May 2, November 1, (In millions) Prepaid expenses $ 604 $ 387 Other (miscellaneous) 694 590 Total other current assets $ 1,298 $ 977
Summary of Other Current Liabilities	May 2, November 1, (In millions) Contract liabilities $ 3,409 $ 2,620 Tax liabilities 506 440 Interest payable 335 304 Other (miscellaneous) 439 467 Total other current liabilities $ 4,689 $ 3,831
Summary of Other Long-Term Liabilities	May 2, November 1, (In millions) Unrecognized tax benefits $ 3,188 $ 3,185 Contract liabilities 688 823 Other (miscellaneous) 1,086 1,418 Total other long-term liabilities $ 4,962 $ 5,426
Schedule of Cash Flow, Supplemental Disclosures	Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions) Cash paid for interest $ 369 $ 375 $ 741 $ 756 Cash paid for income taxes $ 293 $ 124 $ 440 $ 255

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
Goodwill and Intangible Assets (Tables)	May 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill Semiconductor Solutions Infrastructure Software Total (In millions) Balance as of November 1, 2020 $ 25,959 $ 17,488 $ 43,447 Acquisition — 10 10 Balance as of May 2, 2021 $ 25,959 $ 17,498 $ 43,457
Schedule of Intangible Assets by Major Class	Gross Carrying Accumulated Net Book (In millions) As of May 2, 2021: Purchased technology $ 24,126 $ (15,648) $ 8,478 Customer contracts and related relationships 8,392 (3,871) 4,521 Order backlog 2,579 (2,094) 485 Trade names 797 (360) 437 Other 248 (126) 122 Intangible assets subject to amortization 36,142 (22,099) 14,043 In-process research and development 25 — 25 Total $ 36,167 $ (22,099) $ 14,068 As of November 1, 2020: Purchased technology $ 24,119 $ (13,925) $ 10,194 Customer contracts and related relationships 8,389 (3,179) 5,210 Order backlog 2,579 (1,836) 743 Trade names 797 (322) 475 Other 252 (117) 135 Intangible assets subject to amortization 36,136 (19,379) 16,757 In-process research and development 25 — 25 Total $ 36,161 $ (19,379) $ 16,782
Finite-lived Intangible Assets Remaining Amortization Expense	Based on the amount of intangible assets subject to amortization at May 2, 2021, the expected amortization expense for each of the next five years and thereafter was as follows: Fiscal Year: Expected Amortization Expense (In millions) 2021 (remainder) $ 2,695 2022 4,367 2023 3,237 2024 2,367 2025 657 Thereafter 720 Total $ 14,043
Finite-lived Intangible Assets Remaining Weighted Average Amortization Period	The weighted-average remaining amortization periods by intangible asset category were as follows: Amortizable intangible assets: May 2, (In years) Purchased technology 4 Customer contracts and related relationships 4 Order backlog 2 Trade names 9 Other 9

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
Net Income Per Share (Tables)	May 02, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the periods presented: Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions, except per share data) Numerator: Income from continuing operations $ 1,493 $ 568 $ 2,871 $ 948 Dividends on preferred stock (76) (75) (150) (149) Income from continuing operations attributable to common stock 1,417 493 2,721 799 Loss from discontinued operations, net of income taxes, attributable to common stock — (5) — — Net income attributable to common stock $ 1,417 $ 488 $ 2,721 $ 799 Denominator: Weighted-average shares outstanding - basic 409 401 408 400 Dilutive effect of equity awards 20 16 21 19 Weighted-average shares outstanding - diluted 429 417 429 419 Basic income per share attributable to common stock: Income per share from continuing operations $ 3.46 $ 1.23 $ 6.67 $ 2.00 Loss per share from discontinued operations — (0.01) — — Net income per share $ 3.46 $ 1.22 $ 6.67 $ 2.00 Diluted income per share attributable to common stock: Income per share from continuing operations $ 3.30 $ 1.18 $ 6.34 $ 1.91 Loss per share from discontinued operations — (0.01) — — Net income per share $ 3.30 $ 1.17 $ 6.34 $ 1.91

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
Borrowings (Tables)	May 02, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Effective Interest Rate May 2, November 1, (In millions, except percentages) March 2021 Senior Notes - fixed rate 3.419% notes due April 2033 4.66 % $ 2,250 $ — 3.469% notes due April 2034 4.63 % 3,250 — January 2021 Senior Notes - fixed rate 1.950% notes due February 2028 2.10 % 750 — 2.450% notes due February 2031 2.56 % 2,750 — 2.600% notes due February 2033 2.70 % 1,750 — 3.500% notes due February 2041 3.60 % 3,000 — 3.750% notes due February 2051 3.84 % 1,750 — June 2020 Senior Notes - fixed rate 3.459% notes due September 2026 4.19 % 1,695 1,695 4.110% notes due September 2028 5.02 % 2,222 2,222 May 2020 Senior Notes - fixed rate 2.250% notes due November 2023 2.40 % 105 1,000 3.150% notes due November 2025 3.29 % 1,418 2,250 4.150% notes due November 2030 4.27 % 2,750 2,750 4.300% notes due November 2032 4.39 % 2,000 2,000 April 2020 Senior Notes - fixed rate 4.700% notes due April 2025 4.88 % 1,247 2,250 5.000% notes due April 2030 5.18 % 2,250 2,250 November 2019 Term Loans - floating rate LIBOR plus 1.125% term loan due November 2022 1.54 % — 1,819 LIBOR plus 1.250% term loan due November 2024 1.56 % — 4,069 April 2019 Senior Notes - fixed rate 3.125% notes due April 2021 3.61 % — 525 3.125% notes due October 2022 3.53 % — 693 3.625% notes due October 2024 3.98 % 622 1,044 4.250% notes due April 2026 4.54 % 1,183 2,500 4.750% notes due April 2029 4.95 % 3,000 3,000 2017 Senior Notes - fixed rate 2.200% notes due January 2021 2.41 % — 282 3.000% notes due January 2022 3.21 % 255 842 2.650% notes due January 2023 2.78 % 260 1,000 3.625% notes due January 2024 3.74 % 829 1,352 3.125% notes due January 2025 3.23 % 585 1,000 3.875% notes due January 2027 4.02 % 3,813 4,800 3.500% notes due January 2028 3.60 % 1,250 1,250 Assumed CA Senior Notes - fixed rate 3.600% notes due August 2022 4.07 % — 283 4.500% notes due August 2023 4.10 % 143 250 4.700% notes due March 2027 5.15 % 350 350 Effective Interest Rate May 2, November 1, (In millions, except percentages) Other borrowings 2.500% - 4.500% notes due August 2022 - August 2034 2.59% - 4.55% 22 22 Total principal amount outstanding 41,499 41,498 Less: Unamortized discount and issuance costs (1,123) (504) Total debt $ 40,376 $ 40,994
Schedule of future principal payments of debt	The future scheduled principal payments of debt as of May 2, 2021 were as follows: Fiscal Year: Future Scheduled Principal Payments (In millions) 2021 (remainder) $ — 2022 264 2023 403 2024 1,563 2025 1,832 Thereafter 37,437 Total $ 41,499

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
Stockholders' Equity (Tables)	May 02, 2021
Equity [Abstract]
Summary of Dividends Declared and Paid	Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions, except per share data) Dividends per share to common stockholders $ 3.60 $ 3.25 $ 7.20 $ 6.50 Dividends to common stockholders $ 1,477 $ 1,306 $ 2,945 $ 2,603 Dividends per share to preferred stockholders $ 20.00 $ 20.00 $ 40.00 $ 40.00 Dividends to preferred stockholders $ 75 $ 75 $ 150 $ 150
Summary of Stock-Based Compensation Expense	Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions) Cost of products sold $ 21 $ 27 $ 41 $ 58 Cost of subscriptions and services 17 14 29 26 Research and development 307 373 635 764 Selling, general and administrative 80 103 164 214 Total stock-based compensation expense $ 425 $ 517 $ 869 $ 1,062
Summary of RSU Activity	A summary of time- and market-based RSU activity is as follows: Number of RSUs Weighted-Average (In millions, except per share data) Balance as of November 1, 2020 32 $ 188.35 Granted 1 $ 403.13 Vested (4) $ 210.46 Forfeited (1) $ 193.38 Balance as of May 2, 2021 28 $ 198.05

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	May 02, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting	Fiscal Quarter Ended Two Fiscal Quarters Ended May 2, May 3, May 2, May 3, (In millions) Net revenue: Semiconductor solutions $ 4,820 $ 4,027 $ 9,728 $ 8,218 Infrastructure software 1,790 1,715 3,537 3,382 Total net revenue $ 6,610 $ 5,742 $ 13,265 $ 11,600 Operating income: Semiconductor solutions $ 2,547 $ 1,891 $ 5,108 $ 3,934 Infrastructure software 1,255 1,140 2,474 2,181 Unallocated expenses (1,827) (2,265) (3,770) (4,635) Total operating income $ 1,975 $ 766 $ 3,812 $ 1,480

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	May 02, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Obligations and Commitments	The following table summarizes contractual obligations and commitments as of May 2, 2021 that materially changed from the end of fiscal year 2020: Fiscal Year: Debt Principal, Interest and Fees Purchase Commitments Other Contractual Commitments (In millions) 2021 (remainder) $ 811 $ 1,106 $ 89 2022 1,819 76 231 2023 1,950 38 220 2024 3,084 — 166 2025 3,276 — 73 Thereafter 46,048 — 245 Total $ 56,988 $ 1,220 $ 1,024

Restructuring, Impairment and_2

Restructuring, Impairment and Disposal Charges (Tables)	6 Months Ended
Restructuring, Impairment and Disposal Charges (Tables)	May 02, 2021
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes the significant activities within, and components of, the restructuring liabilities during the two fiscal quarters ended May 2, 2021: Employee Termination Costs Other Exit Costs Total (In millions) Balance as of November 1, 2020 $ 34 $ — $ 34 Restructuring charges 72 9 81 Utilization (72) (9) (81) Balance as of May 2, 2021 (a) $ 34 $ — $ 34 _________________________________ (a) We expect the majority of the employee termination costs balance to be paid within the next six months.

Overview, Basis of Presentati_3

Overview, Basis of Presentation and Significant Accounting Policies (Textuals) (Details)	6 Months Ended
	May 02, 2021segment
Number of reportable segments	2
Fiscal period end	52- or 53-week

Revenue from Contracts with C_3

Revenue from Contracts with Customers 1 (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Disaggregation of Revenue [Line Items]
Total net revenue		$ 6,610	$ 5,742	$ 13,265	$ 11,600
Americas
Disaggregation of Revenue [Line Items]
Total net revenue		1,521	1,466	2,915	3,005
Asia Pacific
Disaggregation of Revenue [Line Items]
Total net revenue		4,228	3,600	8,739	7,220
Europe, the Middle East and Africa
Disaggregation of Revenue [Line Items]
Total net revenue		861	676	1,611	1,375
Products
Disaggregation of Revenue [Line Items]
Total net revenue		4,983	4,253	10,064	8,457
Products \| Americas
Disaggregation of Revenue [Line Items]
Total net revenue		471	490	861	930
Products \| Asia Pacific
Disaggregation of Revenue [Line Items]
Total net revenue		4,035	3,438	8,355	6,889
Products \| Europe, the Middle East and Africa
Disaggregation of Revenue [Line Items]
Total net revenue		477	325	848	638
Subscriptions and services
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	1,627	1,489	3,201	3,143
Subscriptions and services \| Americas
Disaggregation of Revenue [Line Items]
Total net revenue		1,050	976	2,054	2,075
Subscriptions and services \| Asia Pacific
Disaggregation of Revenue [Line Items]
Total net revenue		193	162	384	331
Subscriptions and services \| Europe, the Middle East and Africa
Disaggregation of Revenue [Line Items]
Total net revenue		$ 384	$ 351	$ 763	$ 737

[1]	a) Subscriptions and services predominantly includes software licenses with termination for convenience clauses.

Revenue from Contracts with C_4

Revenue from Contracts with Customers 2 (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Contract Assets
Contract with Customer, Asset, Net	$ 128	$ 158
Contract Liabilities
Contract with Customer, Liability	$ 4,097	$ 3,443

Revenue from Contracts with C_5

Revenue from Contracts with Customers 3 (Textuals) (Details) - USD ($) $ in Millions	6 Months Ended
	May 02, 2021	May 03, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized during period that was included in contract liabilities at beginning of period	$ 1,853	$ 1,059
Revenue, Remaining Performance Obligation, Amount	$ 6,100
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-05-03
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Percentage	26.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Acquisitions (Details)

Acquisitions (Details) $ in Millions	Nov. 04, 2019USD ($)	May 03, 2020USD ($)	May 02, 2021USD ($)	May 03, 2020USD ($)
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill, Acquired During Period			$ 10
Symantec Asset Purchase [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma net revenue		$ 5,568		$ 11,207
Pro forma net income attributable to common stock		$ 403		632
Business Combination, Consideration Transferred	$ 10,700
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Consideration Transferred				$ 201
Number of Businesses Acquired				3
Goodwill, Acquired During Period				$ 109
Identified finite-lived intangible assets				$ 46

Supplemental Financial Inform_3

Supplemental Financial Information (Cash Equivalents) (Details) - Cash Equivalents - Fair Value, Inputs, Level 1 - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Time deposits	$ 3,188	$ 2,471
Money-market funds	$ 1,385	$ 790

Supplemental Financial Inform_4

Supplemental Financial Information (Accounts Receivable Factoring) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Accounts Receivable Factoring [Abstract]
Accounts Receivable, Sale	$ 900	$ 926	$ 1,827	$ 1,827

Supplemental Financial Inform_5

Supplemental Financial Information (Inventory) (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Balance Sheet Related Disclosures [Abstract]
Finished goods	$ 321	$ 323
Work-in-process	559	558
Raw materials	124	122
Total inventory	$ 1,004	$ 1,003

Supplemental Financial Inform_6

Supplemental Financial Information (Other Current Assets) (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid expenses	$ 604	$ 387
Other (miscellaneous)	694	590
Total other current assets	$ 1,298	$ 977

Supplemental Financial Inform_7

Supplemental Financial Information (Other Current Liabilities) (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Other Liabilities, Current [Abstract]
Contract liabilities	$ 3,409	$ 2,620
Tax liabilities	506	440
Interest payable	335	304
Other (miscellaneous)	439	467
Total other current liabilities	$ 4,689	$ 3,831

Supplemental Financial Inform_8

Supplemental Financial Information (Other Long-Term Liabilities) (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Other Liabilities, Noncurrent [Abstract]
Unrecognized tax benefits	$ 3,188	$ 3,185
Contract liabilities	688	823
Other (miscellaneous)	1,086	1,418
Total other long-term liabilities	$ 4,962	$ 5,426

Supplemental Financial Inform_9

Supplemental Financial Information (Supplemental Cash Flow) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Supplemental Cash Flow Elements [Abstract]
Cash paid for interest	$ 369	$ 375	$ 741	$ 756
Cash paid for income taxes	$ 293	$ 124	440	255
Capital expenditures incurred but not yet paid			$ 38	$ 53

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Goodwill Rollforward) (Details) $ in Millions	6 Months Ended
	May 02, 2021USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 43,447
Goodwill, Acquired During Period	10
Goodwill, Ending Balance	43,457
Semiconductor Solutions
Goodwill [Roll Forward]
Goodwill, Beginning Balance	25,959
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	25,959
Infrastructure Software
Goodwill [Roll Forward]
Goodwill, Beginning Balance	17,488
Goodwill, Acquired During Period	10
Goodwill, Ending Balance	$ 17,498

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 36,142	$ 36,136
Accumulated amortization	(22,099)	(19,379)
Finite-lived intangible assets, net book value	14,043	16,757
Intangible assets, gross	36,167	36,161
Intangible assets, net book value	14,068	16,782
In-process research and development
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]
In-process research and development	25	25
Purchased technology
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	24,126	24,119
Accumulated amortization	(15,648)	(13,925)
Finite-lived intangible assets, net book value	8,478	10,194
Customer contracts and related relationships
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	8,392	8,389
Accumulated amortization	(3,871)	(3,179)
Finite-lived intangible assets, net book value	4,521	5,210
Order backlog
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	2,579	2,579
Accumulated amortization	(2,094)	(1,836)
Finite-lived intangible assets, net book value	485	743
Trade names
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	797	797
Accumulated amortization	(360)	(322)
Finite-lived intangible assets, net book value	437	475
Other
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	248	252
Accumulated amortization	(126)	(117)
Finite-lived intangible assets, net book value	$ 122	$ 135

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Intangible Asset Amortization) (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Finite-lived intangible assets future amortization expense
2021 (Remainder)	$ 2,695
2022	4,367
2023	3,237
2024	2,367
2025	657
Thereafter	720
Finite-lived intangible assets, net book value	$ 14,043	$ 16,757

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Intangible Asset Life) (Details)	6 Months Ended
	May 02, 2021
Purchased technology
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining amortization period (in years)	4 years
Customer-Related Intangible Assets
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining amortization period (in years)	4 years
Order backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining amortization period (in years)	2 years
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining amortization period (in years)	9 years
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining amortization period (in years)	9 years

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share	12	13	12	13
Numerator - Basic:
Income from continuing operations	$ 1,493	$ 568	$ 2,871	$ 948
Dividends on preferred stock	(76)	(75)	(150)	(149)
Income from continuing operations attributable to common stock	1,417	493	2,721	799
Income (loss) from discontinued operations, net of income taxes, attributable to common stock	0	(5)	0	0
Net income attributable to common stock	$ 1,417	$ 488	$ 2,721	$ 799
Denominator:
Weighted-average shares outstanding - basic	409	401	408	400
Dilutive effect of equity awards	20	16	21	19
Weighted-average shares outstanding - diluted	429	417	429	419
Basic income per share:
Income per share from continuing operations (in dollars per share)	$ 3.46	$ 1.23	$ 6.67	$ 2
Income (loss) per share from discontinued operations (in dollars per share)	0	(0.01)	0	0
Net income per share (in dollars per share)	3.46	1.22	6.67	2
Diluted income per share:
Income per share from continuing operations (in dollars per share)	3.30	1.18	6.34	1.91
Income (loss) per share from discontinued operations (in dollars per share)	0	(0.01)	0	0
Net income per share (in dollars per share)	$ 3.30	$ 1.17	$ 6.34	$ 1.91

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Borrowings (Details) - USD ($) $ in Millions	May 02, 2021	Jan. 31, 2021	May 02, 2021	May 03, 2020	Jan. 19, 2021	Nov. 01, 2020	May 07, 2019	Feb. 28, 2019
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 41,499		$ 41,499			$ 41,498
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	1,123		1,123			504
Long-term Debt	40,376		40,376			40,994
Finance Lease, Liability, Current	23		23			20
Finance Lease, Liability, Noncurrent	39		39			48
Debt repayment	606		10,733	$ 8,989
Payment for Debt Extinguishment or Debt Prepayment Cost	23	$ 128
Write off of Deferred Debt Issuance Cost		44
Interest payable	335		335			304
Commercial paper, Maximum borrowing capacity								$ 2,000
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term Debt, Fair Value	43,868		43,868
Revolving Facility \| January 2021 Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 7,500
Revolving Facility \| May 2019 Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 5,000
Foreign Line of Credit \| January 2021 Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 500
April 2033 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,250		$ 2,250			0
Fixed interest rate	3.419%		3.419%
Effective interest rate	4.66%		4.66%
April 2034 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,250		$ 3,250			0
Fixed interest rate	3.469%		3.469%
Effective interest rate	4.63%		4.63%
February 2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 750		$ 750			0
Fixed interest rate	1.95%		1.95%
Effective interest rate	2.10%		2.10%
February 2031 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,750		$ 2,750			0
Fixed interest rate	2.45%		2.45%
Effective interest rate	2.56%		2.56%
February 2033 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,750		$ 1,750			0
Fixed interest rate	2.60%		2.60%
Effective interest rate	2.70%		2.70%
February 2041 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,000		$ 3,000			0
Fixed interest rate	3.50%		3.50%
Effective interest rate	3.60%		3.60%
February 2051 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,750		$ 1,750			0
Fixed interest rate	3.75%		3.75%
Effective interest rate	3.84%		3.84%
September 2026 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,695		$ 1,695			$ 1,695
Fixed interest rate	3.459%		3.459%			3.459%
Effective interest rate	4.19%		4.19%			4.19%
September 2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,222		$ 2,222			$ 2,222
Fixed interest rate	4.11%		4.11%			4.11%
Effective interest rate	5.02%		5.02%			5.02%
November 2023 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 105		$ 105			$ 1,000
Fixed interest rate	2.25%		2.25%			2.25%
Effective interest rate	2.40%		2.40%			2.40%
November 2025 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,418		$ 1,418			$ 2,250
Fixed interest rate	3.15%		3.15%			3.15%
Effective interest rate	3.29%		3.29%			3.29%
November 2030 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,750		$ 2,750			$ 2,750
Fixed interest rate	4.15%		4.15%			4.15%
Effective interest rate	4.27%		4.27%			4.27%
November 2032 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,000		$ 2,000			$ 2,000
Fixed interest rate	4.30%		4.30%			4.30%
Effective interest rate	4.39%		4.39%			4.39%
April 2025 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,247		$ 1,247			$ 2,250
Fixed interest rate	4.70%		4.70%			4.70%
Effective interest rate	4.88%		4.88%			4.88%
April 2030 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,250		$ 2,250			$ 2,250
Fixed interest rate	5.00%		5.00%			5.00%
Effective interest rate	5.18%		5.18%			5.18%
Term Loan through November 2022
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0		$ 0			$ 1,819
Effective interest rate						1.54%
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate						1.125%
Term Loan through November 2024
Debt Instrument [Line Items]
Long-term Debt, Gross	0		0			$ 4,069
Effective interest rate						1.56%
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate						1.25%
April 2021 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0		$ 0			$ 525
Fixed interest rate						3.125%
Effective interest rate	3.61%		3.61%			3.61%
October 2022 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0		$ 0			$ 693
Fixed interest rate						3.125%
Effective interest rate	3.53%		3.53%			3.53%
October 2024 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 622		$ 622			$ 1,044
Fixed interest rate	3.625%		3.625%			3.625%
Effective interest rate	3.98%		3.98%			3.98%
April 2026 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,183		$ 1,183			$ 2,500
Fixed interest rate	4.25%		4.25%			4.25%
Effective interest rate	4.54%		4.54%			4.54%
April 2029 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,000		$ 3,000			$ 3,000
Fixed interest rate	4.75%		4.75%			4.75%
Effective interest rate	4.95%		4.95%			4.95%
January 2021 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0		$ 0			$ 282
Fixed interest rate						2.20%
Effective interest rate	2.41%		2.41%			2.41%
Debt repayment		282
January 2022 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 255		$ 255			$ 842
Fixed interest rate	3.00%		3.00%			3.00%
Effective interest rate	3.21%		3.21%			3.21%
Debt repayment	$ 314
January 2023 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 260		$ 260			$ 1,000
Fixed interest rate	2.65%		2.65%			2.65%
Effective interest rate	2.78%		2.78%			2.78%
January 2024 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 829		$ 829			$ 1,352
Fixed interest rate	3.625%		3.625%			3.625%
Effective interest rate	3.74%		3.74%			3.74%
January 2025 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 585		$ 585			$ 1,000
Fixed interest rate	3.125%		3.125%			3.125%
Effective interest rate	3.23%		3.23%			3.23%
January 2027 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,813		$ 3,813			$ 4,800
Fixed interest rate	3.875%		3.875%			3.875%
Effective interest rate	4.02%		4.02%			4.02%
January 2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,250		$ 1,250			$ 1,250
Fixed interest rate	3.50%		3.50%			3.50%
Effective interest rate	3.60%		3.60%			3.60%
August 2022 Senior Notes \| CA Technologies, Inc.
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0		$ 0			$ 283
Fixed interest rate						3.60%
Effective interest rate	4.07%		4.07%			4.07%
August 2023 Senior Notes \| CA Technologies, Inc.
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 143		$ 143			$ 250
Fixed interest rate	4.50%		4.50%			4.50%
Effective interest rate	4.10%		4.10%			4.10%
March 2027 Senior Notes \| CA Technologies, Inc.
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 350		$ 350			$ 350
Fixed interest rate	4.70%		4.70%			4.70%
Effective interest rate	5.15%		5.15%			5.15%
August 2022 - August 2034 Senior Notes \| Broadcom Corporation
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 22		$ 22			$ 22
August 2022 - August 2034 Senior Notes \| Minimum [Member] \| Broadcom Corporation
Debt Instrument [Line Items]
Fixed interest rate	2.50%		2.50%			2.50%
Effective interest rate	2.59%		2.59%			2.59%
August 2022 - August 2034 Senior Notes \| Maximum [Member] \| Broadcom Corporation
Debt Instrument [Line Items]
Fixed interest rate	4.50%		4.50%			4.50%
Effective interest rate	4.55%		4.55%			4.55%
March 2021 Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 5,500		$ 5,500
Payment for Debt Extinguishment or Debt Prepayment Cost	$ 581
Debt Instrument, Redemption Price, Percentage	101.00%
January 2021 Senior Notes Tranche
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 10,000		$ 10,000
Debt Instrument, Redemption Price, Percentage			101.00%
November 2019 Term Loans
Debt Instrument [Line Items]
Debt repayment		5,888
2021 Tendered Notes
Debt Instrument [Line Items]
Debt repayment	9	$ 2,902
Revolver Borrowings
Debt Instrument [Line Items]
Long-term Debt, Gross	0		$ 0
Commercial Paper Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0		$ 0			$ 0

Borrowings (Future Principal Pa

Borrowings (Future Principal Payments) (Details) $ in Millions	May 02, 2021USD ($)
Debt Disclosure [Abstract]
2021 (Remainder)	$ 0
2022	264
2023	403
2024	1,563
2025	1,832
Thereafter	37,437
Long-term Debt, Maturity, Repayments of Principal	$ 41,499

Stockholders' Equity (Additiona

Stockholders' Equity (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended	12 Months Ended
	May 02, 2021	Nov. 01, 2020	Nov. 03, 2019
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues			4,000,000
Preferred stock, dividend rate, Percentage	8.00%	8.00%
Preferred stock, Par value per share	$ 0.001	$ 0.001
Preferred stock dividend obligation	$ 27	$ 27
Minimum [Member]
Class of Stock [Line Items]
Convertible preferred stock, Shares issuable upon conversion	3.0700
Maximum [Member]
Class of Stock [Line Items]
Convertible preferred stock, Shares issuable upon conversion	3.5884

Stockholders' Equity (Dividends

Stockholders' Equity (Dividends and Distributions) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Equity [Abstract]
Dividends per share to common stockholders	$ 3.60	$ 3.25	$ 7.20	$ 6.50
Dividends to common stockholders	$ 1,477	$ 1,306	$ 2,945	$ 2,603
Dividends per share to preferred stockholders	$ 20	$ 20	$ 40	$ 40
Dividends to preferred stockholders	$ 75	$ 75	$ 150	$ 150

Stockholders' Equity (Stock-bas

Stockholders' Equity (Stock-based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020
Employee Service Stock-based Compensation, Allocation of Recognized Period Costs [Line Items]
Unrecognized compensation cost related to unvested stock-based awards	$ 3,716		$ 3,716
Unrecognized compensation cost, Remaining weighted-average service period			3 years 2 months 12 days
Stock-based compensation expense	425	$ 517	$ 869	$ 1,062
Cost of products sold
Employee Service Stock-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	21	27	41	58
Cost of subscriptions and services
Employee Service Stock-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	17	14	29	26
Research and development
Employee Service Stock-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	307	373	635	764
Selling, general and administrative
Employee Service Stock-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 80	$ 103	$ 164	$ 214

Stockholders' Equity (RSU Activ

Stockholders' Equity (RSU Activity) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	May 02, 2021USD ($)$ / sharesshares
Stock-based Compensation Arrangement by Stock-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	20,000,000
RSUs
RSUs, Nonvested, Number of Shares [Roll Forward]
Beginning balance	32,000,000
Granted	1,000,000
Vested	(4,000,000)
Forfeited	(1,000,000)
Ending balance	28,000,000
RSUs, Weighted Average Grant Date Fair Value per Share
Beginning balance, Weighted average grant date fair value per share \| $ / shares	$ 188.35
Granted, Weighted average grant date fair value per share \| $ / shares	403.13
Vested, Weighted average grant date fair value per share \| $ / shares	210.46
Forfeited, Weighted average grant date fair value per share \| $ / shares	193.38
Ending balance, Weighted average grant date fair value per share \| $ / shares	$ 198.05
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]
Aggregate market value of RSUs vested \| $	$ 1,909

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	May 02, 2021	May 03, 2020	May 02, 2021	May 03, 2020	Nov. 01, 2020
Income Tax Contingency [Line Items]
Benefit from income taxes	$ (7)	$ (159)	$ (1)	$ (235)
Unrecognized tax benefits	4,856		4,856		$ 4,748
Unrecognized tax benefits, Accrued interest and penalties	349		349		340
Unrecognized tax benefits, including accrued interest and penalties, that would impact effective tax rate	5,205		5,205		$ 5,088
Possible change of existing unrecognized tax benefits	$ 277		$ 277

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
Segment Information (Details) $ in Millions	May 02, 2021USD ($)Customer	May 03, 2020USD ($)Customer	May 02, 2021USD ($)segmentCustomer	May 03, 2020USD ($)Customer	Nov. 01, 2020Customer
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			2
Total net revenue	$ 6,610	$ 5,742	$ 13,265	$ 11,600
Total operating income	$ 1,975	$ 766	$ 3,812	$ 1,480
Customer Concentration Risk \| Trade accounts receivable, net
Segment Reporting Information [Line Items]
Concentration Risk, Number of Major Customers \| Customer			0		0
Customer Concentration Risk \| Sales [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Number of Major Customers \| Customer	1	1	1	1
Concentration Risk, Percentage	17.00%	14.00%	18.00%	14.00%
Semiconductor Solutions
Segment Reporting Information [Line Items]
Total net revenue	$ 4,820	$ 4,027	$ 9,728	$ 8,218
Total operating income	2,547	1,891	5,108	3,934
Infrastructure software
Segment Reporting Information [Line Items]
Total net revenue	1,790	1,715	3,537	3,382
Total operating income	1,255	1,140	2,474	2,181
Unallocated Expenses
Segment Reporting Information [Line Items]
Total operating income	$ (1,827)	$ (2,265)	$ (3,770)	$ (4,635)

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	May 02, 2021	Nov. 01, 2020
Commitments and Contingencies Disclosure [Abstract]
Debt principal, interest and fees, Due in 2021 (remainder)	$ 811
Debt principal, interest and fees, Due in 2022	1,819
Debt principal, interest and fees, Due in 2023	1,950
Debt principal, interest and fees, Due in 2024	3,084
Debt principal, interest and fees, Due in 2025	3,276
Debt principal, interest and fees, Thereafter	46,048
Long Term Debt, Interest, Fees and Repayment of Principal	56,988
Purchase commitments
Purchase commitments, Due in 2021 (remainder)	1,106
Purchase commitments, Due in 2022	76
Purchase commitments, Due in 2023	38
Purchase commitments, Due in 2024	0
Purchase commitments, Due in 2025	0
Purchase commitments, Thereafter	0
Purchase commitments, Total	1,220
Other contractual commitments
Other contractual commitments, Due in 2021 (remainder)	89
Other contractual commitments, Due in 2022	231
Other contractual commitments, Due in 2023	220
Other contractual commitments, Due in 2024	166
Other contractual commitments, Due in 2025	73
Other contractual commitments, Thereafter	245
Other contractual commitments, Total	1,024
Unrecognized tax benefits and accrued interest	3,188	$ 3,185
Standby letters of credit	$ 59	$ 65

Commitment and Contingencies (D

Commitment and Contingencies (Details) 2 - Caltech [Member] - Pending Litigation [Member] $ in Millions	6 Months Ended
	May 02, 2021USD ($)
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party	$ 270.2
Loss Contingency, Damages Sought, Value	$ 837.8

Restructuring, Impairment and_3

Restructuring, Impairment and Disposal Charges (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	May 02, 2021		May 03, 2020	May 02, 2021		May 03, 2020	Nov. 01, 2020
Restructuring and Related Activities [Abstract]
Restructured lease liability	$ 76			$ 76
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	34			34			$ 34
Restructuring charges	23		$ 57	98		$ 109
Utilization of restructuring reserve				(81)
Symantec [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 57			90
CA Technologies, Inc.
Restructuring Cost and Reserve [Line Items]
Restructuring charges						$ 19
Employee Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	34	[1]		34	[1]		34
Restructuring charges				72
Utilization of restructuring reserve				(72)
Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 0			0			$ 0
Restructuring charges				9
Utilization of restructuring reserve				(9)
Employee Termination and Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges				81
Restructured Lease Expense
Restructuring Cost and Reserve [Line Items]
Restructuring charges				$ 17

[1]	(a) We expect the majority of the employee termination costs balance to be paid within the next six months.

Subsequent Events - Cash Divide

Subsequent Events - Cash Dividends (Details) - Subsequent Event - $ / shares	Jun. 30, 2021	Jun. 22, 2021	Jun. 15, 2021	Jun. 02, 2021
Dividends Payable [Line Items]
Dividends payable, Date declared				Jun. 2, 2021
Dividends payable, Date to be paid	Jun. 30, 2021
Preferred Stock
Dividends Payable [Line Items]
Preferred Stock, Dividends Per Share, Declared				$ 20
Dividends payable, Date of record			Jun. 15, 2021
Common Stock
Dividends Payable [Line Items]
Dividends declared (in dollars per share)				$ 3.60
Dividends payable, Date of record		Jun. 22, 2021