v3.26.1
Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)
 6 Months Ended
Apr. 26, 2026
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss), After-Tax Basis
Changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:
 
Unrealized Gain (Loss) on Investments, NetUnrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow HedgesDefined and Postretirement Benefit PlansCumulative Translation AdjustmentsTotal
(in millions)
Balance as of October 26, 2025
$11 $(34)$(100)$13 $(110)
Other comprehensive income (loss) before reclassifications(10)25 — — 15 
   Amounts reclassified out of AOCI(9)(20)— — (29)
Other comprehensive income (loss), net of tax(19)5 — — (14)
Balance as of April 26, 2026$(8)$(29)$(100)$13 $(124)

Unrealized Gain (Loss) on Investments, NetUnrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow HedgesDefined and Postretirement Benefit PlansCumulative Translation AdjustmentsTotal
(in millions)
Balance as of October 27, 2024
$(7)$(87)$(87)$13 $(168)
Other comprehensive income (loss) before reclassifications 5 13 — — 18 
Amounts reclassified out of AOCI— 6 — — 6 
Other comprehensive income (loss), net of tax5 19 — — 24 
Balance as of April 27, 2025$(2)$(68)$(87)$13 $(144)
Schedule of Stock Repurchases
The following table summarizes our stock repurchases, including and excluding excise tax, for the three and six months ended April 26, 2026 and April 27, 2025:
Three Months EndedSix Months Ended
April 26,
2026		April 27,
2025		April 26,
2026		April 27,
2025
 (in millions, except per share amount)
Shares of common stock repurchased1 11 2 19 
Cost of stock repurchased (including excise tax)*
$400 $1,685 $737 $2,999 
Average price paid per share (including excise tax)*
$352.63 $148.88 $302.69 $159.77 
Cost of stock repurchased (excluding excise tax)$400 $1,670 $737 $2,975 
Average price paid per share (excluding excise tax)$352.63 $147.59 $302.69 $158.47 
(*) Stock repurchase amounts include the 1% surcharge on stock repurchases under the Inflation Reduction Act’s excise tax. This excise tax is recorded in equity and reduces the amount available under the repurchase program, as applicable.
Schedule of Effect of Share-Based Compensation on the Results of Operations The effect of share-based compensation on the results of operations was as follows: 
Three Months EndedSix Months Ended
April 26,
2026		April 27,
2025		April 26,
2026		April 27,
2025
 (In millions)
Cost of products sold$45 $40 $88 $78 
Research, development and engineering70 64 143 131 
Marketing and selling20 22 41 42 
General and administrative34 33 104 103 
Total share-based compensation$169 $159 $376 $354 
Schedule of Changes in Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
A summary of the changes in restricted stock units, restricted stock, performance share units and performance units outstanding under our equity compensation plans during the six months ended April 26, 2026 is presented below:
SharesWeighted Average
Grant Date Fair Value
 (In millions, except per share amounts)
Outstanding as of October 26, 2025
9 $148.43 
Granted3 $268.45 
Vested(3)$144.90 
Canceled(1)$154.52 
Outstanding as of April 26, 2026
8 $191.03 
A summary of the weighted-average grant date fair value per share of the granted restricted stock units, restricted stock, performance share units and performance units and total fair value vested awards for indicated periods is presented below:
Six Months Ended
April 26,
2026		April 27,
2025
(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted$268.45 $166.52 
Total fair value of vested awards$444 $441 
Schedule of Employee Stock Purchase Plan Underlying assumptions used in the model are outlined in the following table:
Three and Six Months Ended
April 26,
2026		April 27,
2025
Dividend yield0.57%1.21%
Expected volatility49.7%42.3%
Risk-free interest rate3.64%4.27%
Expected life (in years)0.50.5
Weighted average estimated fair value$109.16$41.47