v3.26.1
Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)
 9 Months Ended
Jul. 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 $(110)
Other comprehensive income (loss) before reclassifications(24)17 — — (7)
   Amounts reclassified out of AOCI(11)(37)— — (48)
Other comprehensive income (loss), net of tax(35)(20)— — (55)
Balance as of July 26, 2026$(24)$(54)$(100)$13 $(165)

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 $(168)
Other comprehensive income (loss) before reclassifications 7 57 — — 64 
Amounts reclassified out of AOCI— 2 — — 2 
Other comprehensive income (loss), net of tax7 59 — — 66 
Balance as of July 27, 2025$— $(28)$(87)$13 $(102)
Schedule of Stock Repurchases
The following table summarizes our stock repurchases, including and excluding excise tax, for the three and nine months ended July 26, 2026 and July 27, 2025:
Three Months EndedNine Months Ended
July 26,
2026		July 27,
2025		July 26,
2026		July 27,
2025
(in millions, except per share amount)
Shares of common stock repurchased1 6 3 25 
Cost of stock repurchased (including excise tax)*
$400 $1,038 $1,137 $4,037 
Average price paid per share (including excise tax)*
$455.43 $164.47 $343.16 $160.95 
Cost of stock repurchased (excluding excise tax)$400 $1,028 $1,137 $4,003 
Average price paid per share (excluding excise tax)$455.43 $162.97 $343.16 $159.60 
(*) 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 EndedNine Months Ended
July 26,
2026		July 27,
2025		July 26,
2026		July 27,
2025
(In millions)
Cost of products sold$45 $40 $133 $118 
Research, development and engineering70 65 213 196 
Marketing and selling21 21 62 63 
General and administrative33 32 137 135 
Total share-based compensation$169 $158 $545 $512 
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 nine months ended July 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 $277.38 
Vested(3)$143.20 
Canceled(1)$159.02 
Outstanding as of July 26, 2026
8 $201.01 
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:
Nine Months Ended
July 26,
2026		July 27,
2025
(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted$277.38 $166.59 
Total fair value of vested awards$544 $522 
Schedule of Employee Stock Purchase Plan Underlying assumptions used in the model are outlined in the following table:
Nine Months Ended
July 26,
2026		July 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