v3.26.1
Borrowing Facilities and Debt
 6 Months Ended
Apr. 26, 2026
Debt Disclosure [Abstract]  
Borrowing Facilities and Debt Borrowing Facilities and Debt
Revolving Credit Facilities
In September 2025, we entered into a $2.0 billion 364-day committed revolving credit agreement (364-Day Credit Agreement) with a group of banks. The 364-Day Credit Agreement includes a provision under which we may request an increase in the amount of the facility of up to $1.0 billion for a total commitment of no more than $3.0 billion, subject to the receipt of commitments from one or more lenders for any such increase and other customary conditions. The 364-Day Credit Agreement is scheduled to expire in September 2026, provided, however, if any loans are outstanding on the maturity date, we may convert all or part of such loans to term loans that will mature in September 2027, subject to payment of a fee by us and other customary conditions.
In February 2025, we entered into a $2.0 billion committed revolving credit agreement (Five-Year Credit Agreement) with a group of banks. The Five-Year Credit Agreement includes a provision under which we may request an increase in the amount of the facility of up to $500 million for a total commitment of no more than $2.5 billion, subject to the receipt of commitments from one or more lenders for any such increase and other customary conditions. The Five-Year Credit Agreement is scheduled to expire in February 2030, unless extended as permitted under the terms of the agreement.
Each of the 364-Day Credit Agreement and the Five-Year Credit Agreement provides for unsecured borrowings that bear interest for each advance at one of two rates selected by us, plus an applicable margin, which varies according to our public debt credit ratings.
No amounts were outstanding under the 364-Day Credit Agreement or the Five-Year Credit Agreement as of April 26, 2026 and October 26, 2025.
In addition, we have revolving credit facilities with Japanese banks pursuant to which we may borrow up to approximately $50 million in aggregate at any time. Our ability to borrow under these facilities is subject to bank approval at the time of the borrowing request, and any advances will be at rates indexed to the banks’ prime reference rate denominated in Japanese yen. As of April 26, 2026 and October 26, 2025, no amounts were outstanding under these revolving credit facilities.
Short-term Commercial Paper
We have a short-term commercial paper program under which we may issue unsecured commercial paper notes of up to a total amount of $4.0 billion. The proceeds from the issuances of commercial paper are used for general corporate purposes. As of April 26, 2026, we had no commercial paper outstanding, and as of October 26, 2025, we had $100 million of commercial paper notes outstanding and recorded as short-term debt with a weighted-average interest rate of 4.07% and maturities of 35 days.
Senior Unsecured Notes
Debt outstanding as of April 26, 2026 and October 26, 2025 was as follows: 
Principal Amount
April 26,
2026		October 26,
2025		Effective
Interest Rate		Interest
Pay Dates
 (In millions)  
Current portion of long-term debt:
3.300% Senior Notes Due 2027
$1,200 $— 3.342%April 1, October 1
Total unamortized debt issuance costs(1)— 
Total current portion of long-term debt$1,199 $— 
Long-term debt:
3.300% Senior Notes Due 2027
$— $1,200 3.342%April 1, October 1
4.800% Senior Notes Due 2029
700 700 4.844%June 15, December 15
1.750% Senior Notes Due 2030
750 750 1.792%June 1, December 1
4.000% Senior Notes Due 2031
550 550 4.070%January 15, July 15
5.100% Senior Notes Due 2035
500 500 5.127%April 1, October 1
4.600% Senior Notes Due 2036
450 450 4.632%January 15, July 15
5.850% Senior Notes Due 2041
600 600 5.879%June 15, December 15
4.350% Senior Notes Due 2047
1,000 1,000 4.361%April 1, October 1
2.750% Senior Notes Due 2050
750 750 2.773%June 1, December 1
5,300 6,500 
Total unamortized discount(11)(12)
Total unamortized debt issuance costs
(30)(33)
Fair value of interest rate swaps(3)— 
Total long-term debt$5,256 $6,455