Analog Devices (ADI) 10-Q21 Aug 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover	9 Months Ended
Cover	Aug. 03, 2024 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 03, 2024
Document Transition Report	false
Entity File Number	1-7819
Entity Registrant Name	Analog Devices, Inc.
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	04-2348234
Entity Address, Address Line One	One Analog Way,
Entity Address, City or Town	Wilmington,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01887
City Area Code	781
Local Phone Number	935-5565
Title of 12(b) Security	Common Stock $0.16 2/3 par value per share
Entity Trading Symbol	ADI
Security Exchange Name	NASDAQ
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
Entity Common Stock, Shares Outstanding	496,493,455
Entity Central Index Key	0000006281
Current Fiscal Year End Date	--11-02
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Income Statement [Abstract]
Revenue	$ 2,312,209	$ 3,076,495	$ 6,983,952	$ 9,589,055
Cost of sales	1,000,970	1,114,880	3,018,737	3,358,553
Gross margin	1,311,239	1,961,615	3,965,215	6,230,502
Operating expenses:
Research and development	362,671	423,751	1,108,960	1,253,600
Selling, marketing, general and administrative	257,213	334,113	791,420	984,648
Amortization of intangibles	187,754	250,719	567,030	756,882
Special charges, net	12,282	23,539	34,399	46,675
Total operating expenses	819,920	1,032,122	2,501,809	3,041,805
Operating income:	491,319	929,493	1,463,406	3,188,697
Nonoperating expense (income):
Interest expense	85,179	69,346	239,423	193,051
Interest income	(26,432)	(8,794)	(50,870)	(32,198)
Other, net	9,581	(5,880)	13,841	(8,373)
Total nonoperating expense (income)	68,328	54,672	202,394	152,480
Income before income taxes	422,991	874,821	1,261,012	3,036,217
Provision for (benefit from) income taxes	30,759	(2,198)	103,811	220,068
Net income	$ 392,232	$ 877,019	$ 1,157,201	$ 2,816,149
Shares used to compute earnings per common share – basic (in shares)	496,338	500,018	496,077	503,951
Shares used to compute earnings per common share – diluted (in shares)	498,794	503,503	498,689	507,804
Basic earnings per common share (in dollars per share)	$ 0.79	$ 1.75	$ 2.33	$ 5.59
Diluted earnings per common share (in dollars per share)	$ 0.79	$ 1.74	$ 2.32	$ 5.55

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 392,232	$ 877,019	$ 1,157,201	$ 2,816,149
Foreign currency translation adjustments	198	(1,292)	847	343
Change in fair value of derivative instruments designated as cash flow hedges, net	7,426	2,379	16,752	25,737
Changes in pension plans, net	(141)	422	985	1,218
Other comprehensive income	7,483	1,509	18,584	27,298
Comprehensive income	$ 399,715	$ 878,528	$ 1,175,785	$ 2,843,447

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Aug. 03, 2024	Oct. 28, 2023
Current Assets
Cash and cash equivalents	$ 2,106,032	$ 958,061
Short-term investments	439,667	0
Accounts receivable	1,127,158	1,469,734
Inventories	1,427,936	1,642,214
Prepaid expenses and other current assets	342,143	314,013
Total current assets	5,442,936	4,384,022
Non-current Assets
Net property, plant and equipment	3,395,748	3,219,157
Goodwill	26,909,775	26,913,134
Intangible assets, net	9,997,707	11,311,957
Deferred tax assets	2,105,430	2,223,272
Other assets	766,778	742,936
Total non-current assets	43,175,438	44,410,456
TOTAL ASSETS	48,618,374	48,794,478
Current Liabilities
Accounts payable	424,735	493,041
Income taxes payable	398,347	309,046
Debt, current	899,251	499,052
Commercial paper notes	547,443	547,224
Accrued liabilities	956,853	1,352,608
Total current liabilities	3,226,629	3,200,971
Non-current Liabilities
Long-term debt	6,655,723	5,902,457
Deferred income taxes	2,743,015	3,127,852
Income taxes payable	266,150	417,076
Other non-current liabilities	536,748	581,000
Total non-current liabilities	10,201,636	10,028,385
Shareholders’ Equity
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding	0	0
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 496,493,455 shares outstanding (496,261,678 on October 28, 2023)	82,750	82,712
Capital in excess of par value	25,101,781	25,313,914
Retained earnings	10,175,296	10,356,798
Accumulated other comprehensive loss	(169,718)	(188,302)
Total shareholders’ equity	35,190,109	35,565,122
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 48,618,374	$ 48,794,478

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Aug. 03, 2024	Oct. 28, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	471,934	471,934
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.16	$ 0.16
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	496,493,455	496,261,678

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Oct. 29, 2022		509,296,000
Beginning balance at Oct. 29, 2022		$ 84,880	$ 27,857,270	$ 8,721,325	$ (198,152)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 2,816,149			2,816,149
Dividends declared and paid				(1,251,121)
Issuance of stock under stock plans and other (in shares)		2,963,000
Issuance of stock under stock plans and other		$ 494	112,508
Stock-based compensation expense			227,113
Other comprehensive income (loss)	27,298				27,298
Common stock repurchased (in shares)		(13,945,000)
Common stock repurchased		$ (2,320)	(2,491,698)
Ending balance (in shares) at Jul. 29, 2023		498,314,000
Ending balance at Jul. 29, 2023		$ 83,054	25,705,193	10,286,353	(170,854)
Beginning balance (in shares) at Apr. 29, 2023		501,418,000
Beginning balance at Apr. 29, 2023		$ 83,571	26,262,226	9,839,790	(172,363)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	877,019			877,019
Dividends declared and paid				(430,456)
Issuance of stock under stock plans and other (in shares)		583,000
Issuance of stock under stock plans and other		$ 97	45,893
Stock-based compensation expense			82,970
Other comprehensive income (loss)	$ 1,509				1,509
Common stock repurchased (in shares)		(3,687,000)
Common stock repurchased		$ (614)	(685,896)
Ending balance (in shares) at Jul. 29, 2023		498,314,000
Ending balance at Jul. 29, 2023		$ 83,054	25,705,193	10,286,353	(170,854)
Beginning balance (in shares) at Oct. 28, 2023	496,261,678	496,262,000
Beginning balance at Oct. 28, 2023	$ 35,565,122	$ 82,712	25,313,914	10,356,798	(188,302)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,157,201			1,157,201
Dividends declared and paid				(1,338,703)
Issuance of stock under stock plans and other (in shares)		2,989,000
Issuance of stock under stock plans and other		$ 498	115,857
Stock-based compensation expense			192,262
Other comprehensive income (loss)	$ 18,584				18,584
Common stock repurchased (in shares)		(2,758,000)
Common stock repurchased		$ (460)	(520,252)
Ending balance (in shares) at Aug. 03, 2024	496,493,455	496,493,000
Ending balance at Aug. 03, 2024	$ 35,190,109	$ 82,750	25,101,781	10,175,296	(169,718)
Beginning balance (in shares) at May. 04, 2024		496,217,000
Beginning balance at May. 04, 2024		$ 82,704	25,103,737	10,239,549	(177,201)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	392,232			392,232
Dividends declared and paid				(456,485)
Issuance of stock under stock plans and other (in shares)		827,000
Issuance of stock under stock plans and other		$ 138	51,881
Stock-based compensation expense			64,051
Other comprehensive income (loss)	$ 7,483				7,483
Common stock repurchased (in shares)		(551,000)
Common stock repurchased		$ (92)	(117,888)
Ending balance (in shares) at Aug. 03, 2024	496,493,455	496,493,000
Ending balance at Aug. 03, 2024	$ 35,190,109	$ 82,750	$ 25,101,781	$ 10,175,296	$ (169,718)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 0.92	$ 0.86	$ 2.70	$ 2.48

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023
Cash flows from operating activities:
Net income	$ 1,157,201	$ 2,816,149
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	265,530	251,785
Amortization of intangibles	1,318,325	1,505,201
Stock-based compensation expense	192,262	227,113
Deferred income taxes	(269,566)	(431,393)
Other	23,826	19,130
Changes in operating assets and liabilities	114,134	(757,645)
Total adjustments	1,644,511	814,191
Net cash provided by operating activities	2,801,712	3,630,340
Cash flows from investing activities:
Purchases of short-term investments	(438,901)	0
Additions to property, plant and equipment	(565,053)	(785,070)
Other	10,710	(2,254)
Net cash used for investing activities	(993,244)	(787,324)
Cash flows from financing activities:
Proceeds from debt	1,087,856	0
Early termination of debt	0	(65,688)
Proceeds from commercial paper notes	7,709,492	2,646,509
Payments of commercial paper notes	(7,709,273)	(2,101,799)
Repurchase of common stock	(520,712)	(2,494,018)
Dividend payments to shareholders	(1,338,703)	(1,251,121)
Proceeds from employee stock plans	116,355	113,002
Other	(5,512)	(11,227)
Net cash used for financing activities	(660,497)	(3,164,342)
Net increase (decrease) in cash and cash equivalents	1,147,971	(321,326)
Cash and cash equivalents at beginning of period	958,061	1,470,572
Cash and cash equivalents at end of period	$ 2,106,032	$ 1,149,246

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Aug. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of management, the information furnished in the accompanying condensed consolidated financial statements reflects all normal recurring adjustments that are necessary to fairly state the results for these interim periods and should be read in conjunction with Analog Devices, Inc.’s (the Company) Annual Report on Form 10-K for the fiscal year ended October 28, 2023 (fiscal 2023) and related notes. The results of operations for the interim periods shown in this report are not necessarily indicative of the results that may be expected for the fiscal year ending November 2, 2024 (fiscal 2024) or any future period. The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Fiscal 2024 is a 53-week fiscal year and fiscal 2023 was a 52-week fiscal year. The additional week in fiscal 2024 was included in the first quarter ended February 3, 2024. Therefore, the first nine months of fiscal 2024 included an additional week of operations as compared to the first nine months of fiscal 2023.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
Shareholders' Equity	Aug. 03, 2024
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders' Equity As of August 3, 2024, the Company had repurchased a total of approximately 207.4 million shares of its common stock for approximately $14.9 billion under the Company's share repurchase program. As of August 3, 2024, an additional $1.7 billion remains available for repurchase of shares under the current authorized program. The Company also repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units/awards or the exercise of stock options as well as for the Company's employee stock purchase plan. Future repurchases of common stock will be dependent upon the Company's financial position, results of operations, outlook, liquidity and other factors deemed relevant by the Company.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	9 Months Ended
Accumulated Other Comprehensive (Loss) Income	Aug. 03, 2024
Equity [Abstract]
Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and the related tax effects during the first nine months of fiscal 2024. Foreign currency translation adjustment Unrealized holding gains (losses) on derivatives Pension plans Total October 28, 2023 $ (72,544) $ (102,043) $ (13,715) $ (188,302) Other comprehensive income before reclassifications 847 14,378 (562) 14,663 Amounts reclassified out of other comprehensive income — 5,469 1,547 7,016 Tax effects — (3,095) — (3,095) Other comprehensive income 847 16,752 985 18,584 August 3, 2024 $ (71,697) $ (85,291) $ (12,730) $ (169,718) The amounts reclassified out of AOCI into the Condensed Consolidated Statements of Income and the Condensed Consolidated Statements of Shareholders' Equity with presentation location during each period were as follows: Three Months Ended Nine Months Ended Comprehensive (Loss) Income Component August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Location Unrealized holding (gains) losses on derivatives: Currency forwards $ (853) $ 650 $ (1,445) $ 933 Cost of sales (225) 560 (497) 683 Research and development (1,391) (400) (3,782) (1,353) Selling, marketing, general and administrative Interest rate derivatives 3,731 3,731 11,193 11,189 Interest expense 1,262 4,541 5,469 11,452 Total before tax (460) (1,084) (1,338) (2,587) Tax $ 802 $ 3,457 $ 4,131 $ 8,865 Net of tax Amortization of pension components included in the computation of net periodic pension cost: Actuarial losses $ 515 $ 393 $ 1,547 $ 1,139 Net of tax Total amounts reclassified out of AOCI, net of tax $ 1,317 $ 3,850 $ 5,678 $ 10,004

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Aug. 03, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended Nine Months Ended August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Net income $ 392,232 $ 877,019 $ 1,157,201 $ 2,816,149 Basic shares: Weighted-average shares outstanding 496,338 500,018 496,077 503,951 Earnings per common share basic: $ 0.79 $ 1.75 $ 2.33 $ 5.59 Diluted shares: Weighted-average shares outstanding 496,338 500,018 496,077 503,951 Assumed exercise of common stock equivalents 2,456 3,485 2,612 3,853 Weighted-average common and common equivalent shares 498,794 503,503 498,689 507,804 Earnings per common share diluted: $ 0.79 $ 1.74 $ 2.32 $ 5.55 Anti-dilutive shares related to: Outstanding stock-based awards 3 211 94 306

Special Charges, Net

Special Charges, Net	9 Months Ended
Special Charges, Net	Aug. 03, 2024
Restructuring and Related Activities [Abstract]
Special Charges, Net	Special Charges, Net Liabilities related to special charges, net are included in Accrued liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheets. The activity is detailed below: Accrued Special Charges Global Repositioning Actions Q4 2023 Plan Balance at October 28, 2023 $ 36,981 $ 110,446 Employee severance and benefit costs, net — 11,977 Severance and benefit payments (4,420) (87,013) Balance at February 3, 2024 $ 32,561 $ 35,410 Employee severance and benefit costs, net (5,106) 23,172 Severance and benefit payments (5,767) (40,559) Balance at May 4, 2024 $ 21,688 $ 18,023 Employee severance and benefit costs — 4,099 Severance and benefit payments (453) (14,592) Balance at August 3, 2024 $ 21,235 $ 7,530 Accrued liabilities $ 16,846 $ 7,530 Other non-current liabilities $ 4,389 $ —

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Aug. 03, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesOn March 17, 2022, Walter E. Ryan and Ryan Asset Management, LLC, purported stockholders of Maxim Integrated Products, Inc. (Maxim), filed a putative class action in the Court of Chancery of the State of Delaware (C.A. No. 2022—0255) against the Company and the former directors of Maxim. The complaint alleged breaches of fiduciary duties by the individual defendants in connection with Maxim’s agreement, as part of the merger negotiations with the Company, to suspend Maxim dividends for up to four quarters prior to the closing of the Company's acquisition of Maxim. The complaint further alleged that the Company aided and abetted those alleged breaches of fiduciary duties. The plaintiffs sought damages in an amount to be determined at trial, plaintiffs’ costs and disbursements, including reasonable attorneys’ and experts’ fees, costs and other expenses. On May 2, 2023, the Court of Chancery entered an order dismissing the action in its entirety and with prejudice. On May 9, 2023, the plaintiffs filed a Motion for Reargument, which the Court of Chancery denied on May 30, 2023. On June 21, 2023, the plaintiffs filed a Notice of Appeal to the Delaware Supreme Court. On February 26, 2024, the Delaware Supreme Court issued an order affirming the dismissal of the action.

Revenue

Revenue	9 Months Ended
Revenue	Aug. 03, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Trends by End Market The following tables summarize revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data and the Company's methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market. Three Months Ended August 3, 2024 July 29, 2023 Revenue % of Revenue* Y/Y% Revenue % of Revenue* Industrial $ 1,058,704 46 % (37) % $ 1,683,843 55 % Automotive 670,304 29 % (8) % 727,315 24 % Communications 266,599 12 % (26) % 358,520 12 % Consumer 316,602 14 % 3 % 306,817 10 % Total revenue $ 2,312,209 100 % (25) % $ 3,076,495 100 % Nine Months Ended August 3, 2024 July 29, 2023 Revenue % of Revenue* Y/Y% Revenue % of Revenue* Industrial $ 3,252,757 47 % (38) % $ 5,252,078 55 % Automotive 2,082,869 30 % (3) % 2,146,320 22 % Communications 811,150 12 % (36) % 1,273,265 13 % Consumer 837,176 12 % (9) % 917,392 10 % Total revenue $ 6,983,952 100 % (27) % $ 9,589,055 100 % * The sum of the individual percentages may not equal the total due to rounding. Revenue by Sales Channel The following tables summarize revenue by channel. The Company sells its products globally through a direct sales force, third party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment manufacturers. Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time. Three Months Ended August 3, 2024 July 29, 2023 Channel Revenue % of Revenue* Revenue % of Revenue* Distributors $ 1,332,244 58 % $ 1,904,496 62 % Direct customers 940,317 41 % 1,126,796 37 % Other 39,648 2 % 45,203 1 % Total revenue $ 2,312,209 100 % $ 3,076,495 100 % Nine Months Ended August 3, 2024 July 29, 2023 Channel Revenue % of Revenue* Revenue % of Revenue* Distributors $ 4,115,836 59 % $ 5,912,229 62 % Direct customers 2,753,885 39 % 3,547,116 37 % Other 114,231 2 % 129,710 1 % Total revenue $ 6,983,952 100 % $ 9,589,055 100 % * The sum of the individual percentages may not equal the total due to rounding.

Fair Value

Fair Value	9 Months Ended
Fair Value	Aug. 03, 2024
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Assets and Liabilities Recorded at Fair Value on a Recurring Basis The tables below, set forth by level, present the Company’s financial assets and liabilities, excluding accrued interest components that were accounted for at fair value on a recurring basis as of August 3, 2024 and October 28, 2023. The tables exclude cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. As of August 3, 2024 and October 28, 2023, the Company held $1,018.8 million and $642.1 million, respectively, of cash that is excluded from the tables below. August 3, 2024 Fair Value Measurement at Reporting Date Using: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Total Assets Cash equivalents: Available-for-sale: Government and institutional money market funds $ 620,853 $ — $ 620,853 Corporate obligations (1) — 168,422 168,422 Bank obligations (1) — 298,000 298,000 Short-term investments: (2) Available-for-sale: Securities with one year or less to maturity: Corporate obligations (1) — 139,614 139,614 Bank obligations (1) — 300,053 300,053 Other assets: Forward foreign currency exchange contracts (3) — 7,514 7,514 Deferred compensation plan investments 97,586 — 97,586 Total assets measured at fair value $ 718,439 $ 913,603 $ 1,632,042 Liabilities Forward foreign currency exchange contracts (3) $ — $ 5,996 $ 5,996 Interest rate derivatives (4) — 15,905 15,905 Total liabilities measured at fair value $ — $ 21,901 $ 21,901 (1) The amortized cost of the Company's investments classified as available-for-sale as of August 3, 2024 was $914.6 million. (2) These investments are adjusted to fair value based on quoted market prices or are determined using a yield curve model based on current market rates. (3) The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements. (4) The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements. October 28, 2023 Fair Value Measurement at Reporting Date Using: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Total Assets Cash equivalents: Available-for-sale: Government and institutional money market funds $ 315,980 $ — $ 315,980 Other assets: Forward foreign currency exchange contracts (1) — 1,940 1,940 Deferred compensation plan investments 78,246 — 78,246 Total assets measured at fair value $ 394,226 $ 1,940 $ 396,166 Liabilities Forward foreign currency exchange contracts (1) $ — $ 13,515 $ 13,515 Interest rate derivatives (2) — 81,602 81,602 Total liabilities measured at fair value $ — $ 95,117 $ 95,117 (1) The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements. (2) The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements. Assets and Liabilities Not Recorded at Fair Value on a Recurring Basis The table below presents the estimated fair values of certain financial instruments not recorded at fair value on a recurring basis. Given the short tenure of the Company's commercial paper notes, the carrying value of the outstanding commercial paper notes approximates the fair values, and therefore, are excluded from the table below ($547.4 million and $547.2 million as of August 3, 2024 and October 28, 2023, respectively). The fair values of the senior unsecured notes are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy. August 3, 2024 October 28, 2023 Principal Amount Outstanding Fair Value Principal Amount Outstanding Fair Value 2024 Notes, due October 2024 $ 500,000 $ 499,698 $ 500,000 $ 499,473 2025 Notes, due April 2025 400,000 394,533 400,000 385,231 2026 Notes, due December 2026 900,000 885,380 900,000 851,023 2027 Notes, due June 2027 440,212 431,739 440,212 408,595 2028 Notes, due October 2028 750,000 680,664 750,000 628,999 2031 Notes, due October 2031 1,000,000 856,266 1,000,000 773,404 2032 Notes, due October 2032 300,000 296,644 300,000 269,828 2034 Notes, due April 2034 550,000 570,226 — — 2036 Notes, due December 2036 144,278 135,720 144,278 118,554 2041 Notes, due October 2041 750,000 558,156 750,000 479,078 2045 Notes, due December 2045 332,587 338,550 332,587 292,248 2051 Notes, due October 2051 1,000,000 694,750 1,000,000 590,666 2054 Notes, due April 2054 550,000 566,002 — — Total senior unsecured notes $ 7,617,077 $ 6,908,328 $ 6,517,077 $ 5,297,099

Derivatives

Derivatives	9 Months Ended
Derivatives	Aug. 03, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Foreign Exchange Exposure Management — The total notional amounts of forward foreign currency derivative instruments designated as hedging instruments of cash flow hedges denominated in Euros, British Pounds, Philippine Pesos, Thai Baht, South Korean Won and Japanese Yen as of August 3, 2024 and October 28, 2023 were $262.6 million and $322.6 million, respectively. The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s Condensed Consolidated Balance Sheets as of August 3, 2024 and October 28, 2023 were as follows: Fair Value At Balance Sheet Location August 3, 2024 October 28, 2023 Forward foreign currency exchange contracts Prepaid expenses and other current assets $ 2,488 $ 471 Forward foreign currency exchange contracts Accrued liabilities $ 2,667 $ 9,897 As of August 3, 2024 and October 28, 2023, the total notional amounts of undesignated hedges related to forward foreign currency exchange contracts were $167.1 million and $334.7 million, respectively. The fair values of undesignated hedges in the Company’s Condensed Consolidated Balance Sheets as of August 3, 2024 and October 28, 2023 were as follows: Fair Value At Balance Sheet Location August 3, 2024 October 28, 2023 Undesignated hedges related to forward foreign currency exchange contracts Prepaid expenses and other current assets $ 5,026 $ 1,469 Undesignated hedges related to forward foreign currency exchange contracts Accrued liabilities $ 3,329 $ 3,618 Interest Rate Exposure Management — The Company does not consider the risk of counterparty default to be significant. The gain or loss on the Company's interest rate swap transactions attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps were recorded as follows: August 3, 2024 Balance Sheet Location Loss on Swaps Gain on Note Accrued liabilities $ 15,905 $ — Long-term debt $ — $ 15,905 For information on the unrealized holding gains (losses) on derivatives included in and reclassified out of AOCI into the Condensed Consolidated Statements of Income related to forward foreign currency exchange contracts, see Note 3, Accumulated Other Comprehensive (Loss) Income, in these Notes to Condensed Consolidated Financial Statements for further information.

Inventories

Inventories	9 Months Ended
Inventories	Aug. 03, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at August 3, 2024 and October 28, 2023 were as follows: August 3, 2024 October 28, 2023 Raw materials $ 109,307 $ 128,142 Work in process 1,021,612 1,125,819 Finished goods 297,017 388,253 Total inventories $ 1,427,936 $ 1,642,214

Debt

Debt	9 Months Ended
Debt	Aug. 03, 2024
Debt Disclosure [Abstract]
Debt	Debt Senior Notes Offering. On April 3, 2024, in an underwritten public offering, the Company issued $550.0 million aggregate principal amount of 5.050% senior notes due April 1, 2034 (the 2034 Notes) with semi-annual fixed interest payments due on April 1 and October 1 of each year, commencing October 1, 2024. The net proceeds of the offering were $545.5 million, after discounts and issuance costs. Prior to January 1, 2034 (three months prior to the maturity date of the 2034 Notes), the Company may, at its option, redeem the 2034 Notes, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2034 Notes matured on January 1, 2034) on a semi-annual basis at the applicable treasury rate plus 15 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 2034 Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the redemption date. On or after January 1, 2034, the Company may, at its option, redeem the 2034 Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2034 Notes being redeemed plus accrued and unpaid interest thereon to the redemption date. The 2034 Notes are unsecured and rank equally in right of payment with all of the Company’s other existing and future unsecured senior indebtedness. On April 3, 2024, in an underwritten public offering, the Company issued $550.0 million aggregate principal amount of 5.300% senior notes due April 1, 2054 (the 2054 Notes) with semi-annual fixed interest payments due on April 1 and October 1 of each year, commencing October 1, 2024. The net proceeds of the offering were $542.3 million, after discounts and issuance costs. Prior to October 1, 2053 (six months prior to the maturity date of the 2054 Notes), the Company may, at its option, redeem the 2054 Notes, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2054 Notes matured on October 1, 2053) on a semi-annual basis at the applicable treasury rate plus 15 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 2054 Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the redemption date. On or after October 1, 2053, the Company may, at its option, redeem the 2054 Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2054 Notes being redeemed plus accrued and unpaid interest thereon to the redemption date. The 2054 Notes are unsecured and rank equally in right of payment with all of the Company’s other existing and future unsecured senior indebtedness. The 2034 Notes and the 2054 Notes were issued pursuant to a base indenture between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by a supplemental indenture, which contains certain covenants, events of default and other customary provisions. The covenants applicable to the 2034 Notes and the 2054 Notes limit the Company’s ability to incur, create, assume or guarantee any debt secured by a lien upon a principal property; enter into sale and lease-back transactions with respect to a principal property; and consolidate with or merge into, or transfer or lease all or substantially all of its assets to, any other party. As of August 3, 2024, the Company was in compliance with these covenants.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Aug. 03, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rates for the three- and nine-month periods ended August 3, 2024 and July 29, 2023 were below the U.S. statutory tax rate of 21.0%, due to lower statutory tax rates applicable to the Company's operations in the foreign jurisdictions in which it earns income. The Company's effective tax rate also includes the effects of the mandatory capitalization and amortization of research and development expenses which began in fiscal 2023 under the Tax Cuts and Jobs Act of 2017. The mandatory capitalization requirement decreases the Company's effective tax rate primarily by increasing the foreign-derived intangible income deduction. It is reasonably possible that the balance of gross unrealized tax benefits, including accrued interest and penalties, could decrease by as much as approximately $142.0 million within the next twelve months due to the completion of tax audits, including any administrative appeals. The Company has numerous audits ongoing throughout the world including: an IRS income tax audit for the fiscal years ended October 30, 2021, November 2, 2019 and November 3, 2018; a pre-acquisition IRS income tax audit for Maxim's fiscal years ended June 27, 2015 through August 26, 2021; and various U.S. state and local audits and international audits, including an Irish corporate tax audit for the fiscal year ended November 2, 2019. The Company's U.S. federal income tax returns prior to the fiscal year ended November 3, 2018 are no longer subject to examination, except for the applicable Maxim pre-acquisition fiscal years noted above.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
New Accounting Pronouncements	Aug. 03, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Standards Implemented Acquired Contract Assets and Contract Liabilities In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-08, Business Combinations (Topic 805): Accounting for Acquired Contract Assets and Contract Liabilities . Under this guidance (ASC 805-20-30-28), the acquirer should determine what contract assets and/or contract liabilities it would have recorded under ASC 606 (the revenue guidance) as of the acquisition date, as if the acquirer had entered into the original contract at the same date and on the same terms as the acquiree. The recognition and measurement of those contract assets and contract liabilities will likely be comparable to what the acquiree has recorded on its books under ASC 606 as of the acquisition date. ASU 2021-08 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2021-08 in the first quarter of fiscal 2024. Upon adoption, ASU 2021-08 did not have a material impact on the Company's financial position and results of operations. Standards to be Implemented Segment Reporting In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which enhances the disclosure requirements for reportable segments. ASU 2023-07 requires segment disclosure to include significant segment expense categories and amounts, and qualitative detail of other segment items. Disclosure of multiple measures of segment profit and loss may also be reported. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. Income Taxes In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires the disaggregation of information in existing income tax disclosures related to the effective tax rate reconciliation and income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact, if any, adoption will have on its financial position and results of operations.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Aug. 03, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 20, 2024, the Board of Directors of the Company declared a cash dividend of $0.92 per outstanding share of common stock. The dividend will be paid on September 17, 2024 to all shareholders of record at the close of business on September 3, 2024 and is expected to total approximately $456.8 million.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Pay vs Performance Disclosure
Net income	$ 392,232	$ 877,019	$ 1,157,201	$ 2,816,149

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Aug. 03, 2024 shares	Aug. 03, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Gregory Bryant [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		The following table describes contracts, instructions or written plans for the sale or purchase of our securities adopted by our directors or officers during the third quarter of fiscal 2024 that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (Rule 10b5-1 trading arrangement). Name and Title Date of Adoption Duration of Rule 10b5-1 Trading Arrangement Aggregate Number of Securities to Be Purchased or Sold Gregory Bryant Executive Vice President and President of Business Units June 25, 2024 Until June 30, 2025, or such earlier date upon which all transactions are completed or expire without execution Sale of up to 203,944 shares (1) (1) Includes 50,000 shares owned outright and 35,187 shares underlying restricted stock units (RSUs). Also includes 118,757 shares underlying performance-based RSUs (PRSUs) as described in the table below. PRSUs may be earned based on the achievement of Company performance targets anywhere from zero to 200% of the target award. Shares Underlying PRSUs Shares Earned to Date Total Shares that Total Shares Issued 10,615 -- 21,230 -- 80,046 120,069 -- 69,820* 28,096 22,472 33,708 --
Name	Gregory Bryant
Title	Executive Vice President and President of Business Units
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 25, 2024
Expiration Date	June 30, 2025
Arrangement Duration	370 days
Aggregate Available	203,944	203,944

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Aug. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period	The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Fiscal 2024 is a 53-week fiscal year and fiscal 2023 was a 52-week fiscal year. The additional week in fiscal 2024 was included in the first quarter ended February 3, 2024. Therefore, the first nine months of fiscal 2024 included an additional week of operations as compared to the first nine months of fiscal 2023.
Standards Implemented and Standards to be Implemented	Standards Implemented Acquired Contract Assets and Contract Liabilities In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-08, Business Combinations (Topic 805): Accounting for Acquired Contract Assets and Contract Liabilities . Under this guidance (ASC 805-20-30-28), the acquirer should determine what contract assets and/or contract liabilities it would have recorded under ASC 606 (the revenue guidance) as of the acquisition date, as if the acquirer had entered into the original contract at the same date and on the same terms as the acquiree. The recognition and measurement of those contract assets and contract liabilities will likely be comparable to what the acquiree has recorded on its books under ASC 606 as of the acquisition date. ASU 2021-08 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2021-08 in the first quarter of fiscal 2024. Upon adoption, ASU 2021-08 did not have a material impact on the Company's financial position and results of operations. Standards to be Implemented Segment Reporting In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which enhances the disclosure requirements for reportable segments. ASU 2023-07 requires segment disclosure to include significant segment expense categories and amounts, and qualitative detail of other segment items. Disclosure of multiple measures of segment profit and loss may also be reported. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. Income Taxes In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires the disaggregation of information in existing income tax disclosures related to the effective tax rate reconciliation and income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact, if any, adoption will have on its financial position and results of operations.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	9 Months Ended
Accumulated Other Comprehensive (Loss) Income (Tables)	Aug. 03, 2024
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive (Loss) Income, Net of Tax	The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and the related tax effects during the first nine months of fiscal 2024. Foreign currency translation adjustment Unrealized holding gains (losses) on derivatives Pension plans Total October 28, 2023 $ (72,544) $ (102,043) $ (13,715) $ (188,302) Other comprehensive income before reclassifications 847 14,378 (562) 14,663 Amounts reclassified out of other comprehensive income — 5,469 1,547 7,016 Tax effects — (3,095) — (3,095) Other comprehensive income 847 16,752 985 18,584 August 3, 2024 $ (71,697) $ (85,291) $ (12,730) $ (169,718)
Schedule of Reclassification Out of Accumulated Other Comprehensive (Loss) Income	The amounts reclassified out of AOCI into the Condensed Consolidated Statements of Income and the Condensed Consolidated Statements of Shareholders' Equity with presentation location during each period were as follows: Three Months Ended Nine Months Ended Comprehensive (Loss) Income Component August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Location Unrealized holding (gains) losses on derivatives: Currency forwards $ (853) $ 650 $ (1,445) $ 933 Cost of sales (225) 560 (497) 683 Research and development (1,391) (400) (3,782) (1,353) Selling, marketing, general and administrative Interest rate derivatives 3,731 3,731 11,193 11,189 Interest expense 1,262 4,541 5,469 11,452 Total before tax (460) (1,084) (1,338) (2,587) Tax $ 802 $ 3,457 $ 4,131 $ 8,865 Net of tax Amortization of pension components included in the computation of net periodic pension cost: Actuarial losses $ 515 $ 393 $ 1,547 $ 1,139 Net of tax Total amounts reclassified out of AOCI, net of tax $ 1,317 $ 3,850 $ 5,678 $ 10,004

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Aug. 03, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings per Share	The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended Nine Months Ended August 3, 2024 July 29, 2023 August 3, 2024 July 29, 2023 Net income $ 392,232 $ 877,019 $ 1,157,201 $ 2,816,149 Basic shares: Weighted-average shares outstanding 496,338 500,018 496,077 503,951 Earnings per common share basic: $ 0.79 $ 1.75 $ 2.33 $ 5.59 Diluted shares: Weighted-average shares outstanding 496,338 500,018 496,077 503,951 Assumed exercise of common stock equivalents 2,456 3,485 2,612 3,853 Weighted-average common and common equivalent shares 498,794 503,503 498,689 507,804 Earnings per common share diluted: $ 0.79 $ 1.74 $ 2.32 $ 5.55 Anti-dilutive shares related to: Outstanding stock-based awards 3 211 94 306

Special Charges, Net (Tables)

Special Charges, Net (Tables)	9 Months Ended
Special Charges, Net (Tables)	Aug. 03, 2024
Restructuring and Related Activities [Abstract]
Schedule of Accrued Restructuring	Liabilities related to special charges, net are included in Accrued liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheets. The activity is detailed below: Accrued Special Charges Global Repositioning Actions Q4 2023 Plan Balance at October 28, 2023 $ 36,981 $ 110,446 Employee severance and benefit costs, net — 11,977 Severance and benefit payments (4,420) (87,013) Balance at February 3, 2024 $ 32,561 $ 35,410 Employee severance and benefit costs, net (5,106) 23,172 Severance and benefit payments (5,767) (40,559) Balance at May 4, 2024 $ 21,688 $ 18,023 Employee severance and benefit costs — 4,099 Severance and benefit payments (453) (14,592) Balance at August 3, 2024 $ 21,235 $ 7,530 Accrued liabilities $ 16,846 $ 7,530 Other non-current liabilities $ 4,389 $ —

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Aug. 03, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables summarize revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data and the Company's methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market. Three Months Ended August 3, 2024 July 29, 2023 Revenue % of Revenue* Y/Y% Revenue % of Revenue* Industrial $ 1,058,704 46 % (37) % $ 1,683,843 55 % Automotive 670,304 29 % (8) % 727,315 24 % Communications 266,599 12 % (26) % 358,520 12 % Consumer 316,602 14 % 3 % 306,817 10 % Total revenue $ 2,312,209 100 % (25) % $ 3,076,495 100 % Nine Months Ended August 3, 2024 July 29, 2023 Revenue % of Revenue* Y/Y% Revenue % of Revenue* Industrial $ 3,252,757 47 % (38) % $ 5,252,078 55 % Automotive 2,082,869 30 % (3) % 2,146,320 22 % Communications 811,150 12 % (36) % 1,273,265 13 % Consumer 837,176 12 % (9) % 917,392 10 % Total revenue $ 6,983,952 100 % (27) % $ 9,589,055 100 % * The sum of the individual percentages may not equal the total due to rounding. The following tables summarize revenue by channel. The Company sells its products globally through a direct sales force, third party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment manufacturers. Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time. Three Months Ended August 3, 2024 July 29, 2023 Channel Revenue % of Revenue* Revenue % of Revenue* Distributors $ 1,332,244 58 % $ 1,904,496 62 % Direct customers 940,317 41 % 1,126,796 37 % Other 39,648 2 % 45,203 1 % Total revenue $ 2,312,209 100 % $ 3,076,495 100 % Nine Months Ended August 3, 2024 July 29, 2023 Channel Revenue % of Revenue* Revenue % of Revenue* Distributors $ 4,115,836 59 % $ 5,912,229 62 % Direct customers 2,753,885 39 % 3,547,116 37 % Other 114,231 2 % 129,710 1 % Total revenue $ 6,983,952 100 % $ 9,589,055 100 % * The sum of the individual percentages may not equal the total due to rounding.

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
Fair Value (Tables)	Aug. 03, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Assets and Liabilities	The tables below, set forth by level, present the Company’s financial assets and liabilities, excluding accrued interest components that were accounted for at fair value on a recurring basis as of August 3, 2024 and October 28, 2023. The tables exclude cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. As of August 3, 2024 and October 28, 2023, the Company held $1,018.8 million and $642.1 million, respectively, of cash that is excluded from the tables below. August 3, 2024 Fair Value Measurement at Reporting Date Using: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Total Assets Cash equivalents: Available-for-sale: Government and institutional money market funds $ 620,853 $ — $ 620,853 Corporate obligations (1) — 168,422 168,422 Bank obligations (1) — 298,000 298,000 Short-term investments: (2) Available-for-sale: Securities with one year or less to maturity: Corporate obligations (1) — 139,614 139,614 Bank obligations (1) — 300,053 300,053 Other assets: Forward foreign currency exchange contracts (3) — 7,514 7,514 Deferred compensation plan investments 97,586 — 97,586 Total assets measured at fair value $ 718,439 $ 913,603 $ 1,632,042 Liabilities Forward foreign currency exchange contracts (3) $ — $ 5,996 $ 5,996 Interest rate derivatives (4) — 15,905 15,905 Total liabilities measured at fair value $ — $ 21,901 $ 21,901 (1) The amortized cost of the Company's investments classified as available-for-sale as of August 3, 2024 was $914.6 million. (2) These investments are adjusted to fair value based on quoted market prices or are determined using a yield curve model based on current market rates. (3) The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements. (4) The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements. October 28, 2023 Fair Value Measurement at Reporting Date Using: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Total Assets Cash equivalents: Available-for-sale: Government and institutional money market funds $ 315,980 $ — $ 315,980 Other assets: Forward foreign currency exchange contracts (1) — 1,940 1,940 Deferred compensation plan investments 78,246 — 78,246 Total assets measured at fair value $ 394,226 $ 1,940 $ 396,166 Liabilities Forward foreign currency exchange contracts (1) $ — $ 13,515 $ 13,515 Interest rate derivatives (2) — 81,602 81,602 Total liabilities measured at fair value $ — $ 95,117 $ 95,117 (1) The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements. (2) The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements.
Schedule of Debt	The table below presents the estimated fair values of certain financial instruments not recorded at fair value on a recurring basis. Given the short tenure of the Company's commercial paper notes, the carrying value of the outstanding commercial paper notes approximates the fair values, and therefore, are excluded from the table below ($547.4 million and $547.2 million as of August 3, 2024 and October 28, 2023, respectively). The fair values of the senior unsecured notes are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy. August 3, 2024 October 28, 2023 Principal Amount Outstanding Fair Value Principal Amount Outstanding Fair Value 2024 Notes, due October 2024 $ 500,000 $ 499,698 $ 500,000 $ 499,473 2025 Notes, due April 2025 400,000 394,533 400,000 385,231 2026 Notes, due December 2026 900,000 885,380 900,000 851,023 2027 Notes, due June 2027 440,212 431,739 440,212 408,595 2028 Notes, due October 2028 750,000 680,664 750,000 628,999 2031 Notes, due October 2031 1,000,000 856,266 1,000,000 773,404 2032 Notes, due October 2032 300,000 296,644 300,000 269,828 2034 Notes, due April 2034 550,000 570,226 — — 2036 Notes, due December 2036 144,278 135,720 144,278 118,554 2041 Notes, due October 2041 750,000 558,156 750,000 479,078 2045 Notes, due December 2045 332,587 338,550 332,587 292,248 2051 Notes, due October 2051 1,000,000 694,750 1,000,000 590,666 2054 Notes, due April 2054 550,000 566,002 — — Total senior unsecured notes $ 7,617,077 $ 6,908,328 $ 6,517,077 $ 5,297,099

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
Derivatives (Tables)	Aug. 03, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Hedging Instruments	The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s Condensed Consolidated Balance Sheets as of August 3, 2024 and October 28, 2023 were as follows: Fair Value At Balance Sheet Location August 3, 2024 October 28, 2023 Forward foreign currency exchange contracts Prepaid expenses and other current assets $ 2,488 $ 471 Forward foreign currency exchange contracts Accrued liabilities $ 2,667 $ 9,897 Fair Value At Balance Sheet Location August 3, 2024 October 28, 2023 Undesignated hedges related to forward foreign currency exchange contracts Prepaid expenses and other current assets $ 5,026 $ 1,469 Undesignated hedges related to forward foreign currency exchange contracts Accrued liabilities $ 3,329 $ 3,618
Schedule of Interest Rate Derivatives	The gain or loss on the Company's interest rate swap transactions attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps were recorded as follows: August 3, 2024 Balance Sheet Location Loss on Swaps Gain on Note Accrued liabilities $ 15,905 $ — Long-term debt $ — $ 15,905

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Aug. 03, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories at August 3, 2024 and October 28, 2023 were as follows: August 3, 2024 October 28, 2023 Raw materials $ 109,307 $ 128,142 Work in process 1,021,612 1,125,819 Finished goods 297,017 388,253 Total inventories $ 1,427,936 $ 1,642,214

Shareholders' Equity (Details)

Shareholders' Equity (Details) shares in Millions, $ in Billions	Aug. 03, 2024 USD ($) shares
Stockholders' Equity Note [Abstract]
Stock repurchase program, number of shares authorized to be repurchased (in shares) \| shares	207.4
Stock repurchase program, authorized amount	$ 14.9
Stock repurchase program, remaining authorized repurchase amount	$ 1.7

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income - Changes By Component and Tax Effect (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 35,565,122
Other comprehensive income before reclassifications			14,663
Amounts reclassified out of other comprehensive income			7,016
Tax effects			(3,095)
Other comprehensive income	$ 7,483	$ 1,509	18,584	$ 27,298
Ending balance	35,190,109		35,190,109
AOCI
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(177,201)	(172,363)	(188,302)	(198,152)
Other comprehensive income	7,483	1,509	18,584	27,298
Ending balance	(169,718)	$ (170,854)	(169,718)	$ (170,854)
Foreign currency translation adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(72,544)
Other comprehensive income before reclassifications			847
Amounts reclassified out of other comprehensive income			0
Tax effects			0
Other comprehensive income			847
Ending balance	(71,697)		(71,697)
Unrealized holding gains (losses) on derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(102,043)
Other comprehensive income before reclassifications			14,378
Amounts reclassified out of other comprehensive income			5,469
Tax effects			(3,095)
Other comprehensive income			16,752
Ending balance	(85,291)		(85,291)
Pension plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(13,715)
Other comprehensive income before reclassifications			(562)
Amounts reclassified out of other comprehensive income			1,547
Tax effects			0
Other comprehensive income			985
Ending balance	$ (12,730)		$ (12,730)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive (Loss) Income - Amounts Reclassified Out of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 1,000,970	$ 1,114,880	$ 3,018,737	$ 3,358,553
Research and development	362,671	423,751	1,108,960	1,253,600
Selling, marketing, general and administrative	257,213	334,113	791,420	984,648
Interest expense	85,179	69,346	239,423	193,051
Total before tax	(422,991)	(874,821)	(1,261,012)	(3,036,217)
Tax	30,759	(2,198)	103,811	220,068
Net of tax	(392,232)	(877,019)	(1,157,201)	(2,816,149)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	1,317	3,850	5,678	10,004
Reclassification out of Accumulated Other Comprehensive Income \| Unrealized holding gains (losses) on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	1,262	4,541	5,469	11,452
Tax	(460)	(1,084)	(1,338)	(2,587)
Net of tax	802	3,457	4,131	8,865
Reclassification out of Accumulated Other Comprehensive Income \| Pension plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	515	393	1,547	1,139
Reclassification out of Accumulated Other Comprehensive Income \| Currency forwards \| Unrealized holding gains (losses) on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	(853)	650	(1,445)	933
Research and development	(225)	560	(497)	683
Selling, marketing, general and administrative	(1,391)	(400)	(3,782)	(1,353)
Reclassification out of Accumulated Other Comprehensive Income \| Interest rate derivatives \| Unrealized holding gains (losses) on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 3,731	$ 3,731	$ 11,193	$ 11,189

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Earnings per share
Net income	$ 392,232	$ 877,019	$ 1,157,201	$ 2,816,149
Basic shares:
Weighted-average shares outstanding (in shares)	496,338	500,018	496,077	503,951
Earnings per common share, basic (in dollars per share)	$ 0.79	$ 1.75	$ 2.33	$ 5.59
Diluted shares:
Assumed exercise of common stock equivalents (in shares)	2,456	3,485	2,612	3,853
Weighted-average common and common equivalent shares (in shares)	498,794	503,503	498,689	507,804
Earnings per common share, diluted (in dollars per share)	$ 0.79	$ 1.74	$ 2.32	$ 5.55
Anti-dilutive shares related to:
Outstanding stock-based awards (in shares)	3	211	94	306

Special Charges, Net (Details)

Special Charges, Net (Details) - USD ($) $ in Thousands	3 Months Ended
Special Charges, Net (Details) - USD ($) $ in Thousands	Aug. 03, 2024	May 04, 2024	Feb. 03, 2024
Global Repositioning Actions
Restructuring Reserve [Roll Forward]
Accrued restructuring, beginning balance	$ 21,688	$ 32,561	$ 36,981
Employee severance and benefit costs, net	0	(5,106)	0
Severance and benefit payments	(453)	(5,767)	(4,420)
Accrued restructuring, ending balance	21,235	21,688	32,561
Accrued liabilities	16,846
Other non-current liabilities	4,389
Q4 2023 Plan
Restructuring Reserve [Roll Forward]
Accrued restructuring, beginning balance	18,023	35,410	110,446
Employee severance and benefit costs, net	4,099	23,172	11,977
Severance and benefit payments	(14,592)	(40,559)	(87,013)
Accrued restructuring, ending balance	7,530	$ 18,023	$ 35,410
Accrued liabilities	7,530
Other non-current liabilities	$ 0

Revenue - Revenue Trends by Seg

Revenue - Revenue Trends by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 2,312,209	$ 3,076,495	$ 6,983,952	$ 9,589,055
Percent of revenue (as percent)	100%	100%	100%	100%
Year over year change (as percent)	(25.00%)		(27.00%)
Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,058,704	$ 1,683,843	$ 3,252,757	$ 5,252,078
Percent of revenue (as percent)	46%	55%	47%	55%
Year over year change (as percent)	(37.00%)		(38.00%)
Automotive
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 670,304	$ 727,315	$ 2,082,869	$ 2,146,320
Percent of revenue (as percent)	29%	24%	30%	22%
Year over year change (as percent)	(8.00%)		(3.00%)
Communications
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 266,599	$ 358,520	$ 811,150	$ 1,273,265
Percent of revenue (as percent)	12%	12%	12%	13%
Year over year change (as percent)	(26.00%)		(36.00%)
Consumer
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 316,602	$ 306,817	$ 837,176	$ 917,392
Percent of revenue (as percent)	14%	10%	12%	10%
Year over year change (as percent)	3%		(9.00%)

Revenue - Revenue by Sales Chan

Revenue - Revenue by Sales Channel (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 2,312,209	$ 3,076,495	$ 6,983,952	$ 9,589,055
Percent of revenue (as percent)	100%	100%	100%	100%
Distributors
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,332,244	$ 1,904,496	$ 4,115,836	$ 5,912,229
Percent of revenue (as percent)	58%	62%	59%	62%
Direct customers
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 940,317	$ 1,126,796	$ 2,753,885	$ 3,547,116
Percent of revenue (as percent)	41%	37%	39%	37%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 39,648	$ 45,203	$ 114,231	$ 129,710
Percent of revenue (as percent)	2%	1%	2%	1%

Fair Value - Textual (Details)

Fair Value - Textual (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Oct. 28, 2023
Fair Value Disclosures [Abstract]
Cash	$ 1,018,800	$ 642,100
Commercial paper notes	$ 547,443	$ 547,224

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Oct. 28, 2023
Available-for-sale:
Short-term investments	$ 439,667	$ 0
Other assets:
Forward foreign currency exchange contracts	7,514	1,940
Deferred compensation plan investments	97,586	78,246
Total assets measured at fair value	1,632,042	396,166
Liabilities
Forward foreign currency exchange contracts	5,996	13,515
Interest rate derivatives	15,905	81,602
Total liabilities measured at fair value	21,901	95,117
Available-for-sale, amortized cost	914,600
Corporate obligations
Available-for-sale:
Short-term investments	139,614
Bank obligations
Available-for-sale:
Short-term investments	300,053
Government and institutional money market funds
Available-for-sale:
Cash equivalents	620,853	315,980
Corporate obligations
Available-for-sale:
Cash equivalents	168,422
Bank obligations
Available-for-sale:
Cash equivalents	298,000
Quoted Prices in Active Markets for Identical Assets (Level 1)
Other assets:
Forward foreign currency exchange contracts	0	0
Deferred compensation plan investments	97,586	78,246
Total assets measured at fair value	718,439	394,226
Liabilities
Forward foreign currency exchange contracts	0	0
Interest rate derivatives	0	0
Total liabilities measured at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporate obligations
Available-for-sale:
Short-term investments	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Bank obligations
Available-for-sale:
Short-term investments	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Government and institutional money market funds
Available-for-sale:
Cash equivalents	620,853	315,980
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporate obligations
Available-for-sale:
Cash equivalents	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Bank obligations
Available-for-sale:
Cash equivalents	0
Significant Other Observable Inputs (Level 2)
Other assets:
Forward foreign currency exchange contracts	7,514	1,940
Deferred compensation plan investments	0	0
Total assets measured at fair value	913,603	1,940
Liabilities
Forward foreign currency exchange contracts	5,996	13,515
Interest rate derivatives	15,905	81,602
Total liabilities measured at fair value	21,901	95,117
Significant Other Observable Inputs (Level 2) \| Corporate obligations
Available-for-sale:
Short-term investments	139,614
Significant Other Observable Inputs (Level 2) \| Bank obligations
Available-for-sale:
Short-term investments	300,053
Significant Other Observable Inputs (Level 2) \| Government and institutional money market funds
Available-for-sale:
Cash equivalents	0	$ 0
Significant Other Observable Inputs (Level 2) \| Corporate obligations
Available-for-sale:
Cash equivalents	168,422
Significant Other Observable Inputs (Level 2) \| Bank obligations
Available-for-sale:
Cash equivalents	$ 298,000

Fair Value - Debt (Details)

Fair Value - Debt (Details) - USD ($)	Aug. 03, 2024	Apr. 03, 2024	Oct. 28, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	$ 7,617,077,000		$ 6,517,077,000
Fair Value	6,908,328,000,000		5,297,099,000
Senior notes \| 2024 Notes, due October 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	500,000,000		500,000,000
Fair Value	499,698,000,000		499,473,000
Senior notes \| 2025 Notes, due April 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	400,000,000		400,000,000
Fair Value	394,533,000,000		385,231,000
Senior notes \| 2026 Notes, due December 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	900,000,000		900,000,000
Fair Value	885,380,000,000		851,023,000
Senior notes \| 2027 Notes, due June 2027
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	440,212,000		440,212,000
Fair Value	431,739,000,000		408,595,000
Senior notes \| 2028 Notes, due October 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	750,000,000		750,000,000
Fair Value	680,664,000,000		628,999,000
Senior notes \| 2031 Notes, due October 2031
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	1,000,000,000		1,000,000,000
Fair Value	856,266,000,000		773,404,000
Senior notes \| 2032 Notes, due October 2032
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	300,000,000		300,000,000
Fair Value	296,644,000,000		269,828,000
Senior notes \| 2034 Notes, due April 2034
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	550,000,000	$ 550,000,000	0
Fair Value	570,226,000,000		0
Senior notes \| 2036 Notes, due December 2036
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	144,278,000		144,278,000
Fair Value	135,720,000,000		118,554,000
Senior notes \| 2041 Notes, due October 2041
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	750,000,000		750,000,000
Fair Value	558,156,000,000		479,078,000
Senior notes \| 2045 Notes, due December 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	332,587,000		332,587,000
Fair Value	338,550,000,000		292,248,000
Senior notes \| 2051 Notes, due October 2051
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	1,000,000,000		1,000,000,000
Fair Value	694,750,000,000		590,666,000
Senior notes \| 2054 Notes, due April 2054
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	550,000,000	$ 550,000,000	0
Fair Value	$ 566,002,000,000		$ 0

Derivatives - Textual (Details)

Derivatives - Textual (Details) - Forward foreign currency exchange contract - USD ($) $ in Millions	Aug. 03, 2024	Oct. 28, 2023
Designated Hedging Instrument
Derivative [Line Items]
Notional amount of derivative	$ 262.6	$ 322.6
Undesignated Hedging Instrument
Derivative [Line Items]
Notional amount of derivative	$ 167.1	$ 334.7

Derivatives - Forward Foreign C

Derivatives - Forward Foreign Currency Balance Sheet (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Oct. 28, 2023
Derivatives, Fair Value [Line Items]
Forward foreign currency exchange contracts	$ 5,996	$ 13,515
Forward foreign currency exchange contracts \| Designated Hedging Instrument \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Forward foreign currency exchange contracts	2,488	471
Forward foreign currency exchange contracts \| Designated Hedging Instrument \| Accrued liabilities
Derivatives, Fair Value [Line Items]
Forward foreign currency exchange contracts	2,667	9,897
Forward foreign currency exchange contracts \| Undesignated Hedging Instrument \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Forward foreign currency exchange contracts	5,026	1,469
Forward foreign currency exchange contracts \| Undesignated Hedging Instrument \| Accrued liabilities
Derivatives, Fair Value [Line Items]
Forward foreign currency exchange contracts	$ 3,329	$ 3,618

Derivatives - Interest Rate Der

Derivatives - Interest Rate Derivatives (Details) - Interest rate swap $ in Thousands	9 Months Ended
	Aug. 03, 2024 USD ($)
Accrued liabilities
Derivatives, Fair Value [Line Items]
Loss on Swaps	$ 15,905
Gain on Note	0
Long-term debt
Derivatives, Fair Value [Line Items]
Loss on Swaps	0
Gain on Note	$ 15,905

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Aug. 03, 2024	Oct. 28, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 109,307	$ 128,142
Work in process	1,021,612	1,125,819
Finished goods	297,017	388,253
Total inventories	$ 1,427,936	$ 1,642,214

Debt (Details)

Debt (Details) - USD ($)		9 Months Ended
Debt (Details) - USD ($)	Apr. 03, 2024	Aug. 03, 2024	Jul. 29, 2023	Oct. 28, 2023
Debt Instrument [Line Items]
Aggregate principal amount of debt		$ 7,617,077,000		$ 6,517,077,000
Proceeds from debt		1,087,856,000	$ 0
2034 Notes, due April 2034 \| Senior notes
Debt Instrument [Line Items]
Aggregate principal amount of debt	$ 550,000,000	550,000,000		0
Interest rate (as percent)	5.05%
Proceeds from debt	$ 545,500,000
Basis spread on variable rate (as percent)	0.15%
Redemption price (as percent)	100%
2054 Notes, due April 2054 \| Senior notes
Debt Instrument [Line Items]
Aggregate principal amount of debt	$ 550,000,000	$ 550,000,000		$ 0
Interest rate (as percent)	5.30%
Proceeds from debt	$ 542,300,000
Basis spread on variable rate (as percent)	0.15%
Redemption price (as percent)	100%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Income Tax Disclosure [Abstract]
Federal statutory rate (as percent)	21%	21%	21%	21%
Maxim \| Settlement with Taxing Authority
Income Tax Contingency [Line Items]
Decrease in unrealized tax benefits is reasonably possible	$ 142		$ 142

Subsequent Events (Details)

Subsequent Events (Details) - Common Stock - Subsequent event $ / shares in Units, $ in Millions	Aug. 20, 2024 USD ($) $ / shares
Subsequent Event [Line Items]
Common stock cash dividends per share, declared (in dollars per share) \| $ / shares	$ 0.92
Dividends \| $	$ 456.8