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^[1]

1,967,640

2,045,907

1,194,236

Gross margin

4,233,302

3,061,596

2,227,173

Operating expenses:

^[1]

1,165,410

968,602

653,816

Amortization of intangibles

^[1]

695,937

691,046

461,438

428,902

297,351

70,123

61,318

49,463

13,684

Total operating expenses

2,351,567

2,006,462

1,199,061

Operating income

1,881,735

1,055,134

1,028,112

Nonoperating (income) expenses:

Total nonoperating (income) expense

253,589

250,840

88,757

Interest income

(9,383)

(30,333)

(21,221)

Other, net

(988)

6,142

3,655

243,218

226,649

71,191

Earnings

Income before income taxes

1,638,517

828,485

956,921

Provision for income taxes

143,085

101,226

95,257

Net Income

$ 1,495,432

$ 727,259

$ 861,664

Shares used to compute earnings per common share (in shares)

Shares used to compute earnings per share - Basic (in shares)

370,430

346,371

308,736

Shares used to compute earnings per share - Diluted (in shares)

374,938

350,484

312,308

Earnings per share - Basic (in dollars per share)

Basic earnings per common share (in dollars per share)

$ 4.02

$ 2.09

$ 2.79

Earnings per share - Diluted (in dollars per share)

Diluted earnings per common share (in dollars per share)

3.97

2.07

2.76

Dividends declared and paid per share (in dollars per share)

$ 1.89

$ 1.77

$ 1.66

Cost of sales [Member]

Includes stock-based compensation expense as follows:

Stock-based compensation expense

$ 18,733

$ 12,569

$ 7,808

Research and development [Member]

Includes stock-based compensation expense as follows:

Stock-based compensation expense

81,444

51,258

27,039

Selling, marketing, general and administrative [Member]

Includes stock-based compensation expense as follows:

Stock-based compensation expense

$ 50,988

$ 40,361

$ 28,574

[1]	Includes stock-based compensation expense as follows:

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Statement of Comprehensive Income [Abstract]
Net Income	$ 1,495,432	$ 727,259	$ 861,664
Foreign currency translation adjustment (net of taxes of $0 in 2018, $1,556 in 2017 and $1,175 in 2016)	(6,222)	1,572	(6,006)
Change in unrecognized gains/losses on marketable securities:
Change in fair value of available-for-sale securities (net of taxes of $0 in 2018, $35 in 2017 and $56 in 2016)	(10)	(517)	847
Total change in unrealized gains/losses on marketable securities, net of tax	(10)	(517)	847
Change in unrecognized gains/losses on derivative instruments designated as cash flow hedges:
Changes in fair value of derivatives (net of taxes of $416 in 2018, $920 in 2017 and $903 in 2016)	(1,863)	3,806	(4,629)
Adjustment for realized gain/loss reclassified into earnings (net of taxes of $94 in 2018, $1,326 in 2017 and $1,050 in 2016)	(1,613)	4,199	3,437
Total change in derivative instruments designated as cash flow hedges, net of tax	(3,476)	8,005	(1,192)
Changes in accumulated other comprehensive loss — pension plans:
Change in transition asset (net of taxes of $0 in 2018, $1 in 2017 and $3 in 2016)	10	14	17
Change in actuarial loss/gain (net of taxes of $2,363 in 2018, $355 in 2017 and $3,297 in 2016)	12,616	3,513	(16,730)
Change in prior service cost/income (net of taxes of $0 in 2018, $61 in 2017 and $47 in 2016)	1	(132)	101
Total change in accumulated other comprehensive loss — pension plans, net of tax	12,627	3,395	(16,612)
Other comprehensive income (loss)	2,919	12,455	(22,963)
Comprehensive income	$ 1,498,351	$ 739,714	$ 838,701

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Statement of Comprehensive Income [Abstract]
Other comprehensive income (loss), foreign currency translation adjustment, tax	$ 0	$ 1,556	$ 1,175
Tax effect on unrealized holding losses on available for sale securities classified as short-term investments	0	35	56
Tax effect on changes in fair value of derivatives	416	920	903
Tax effect on realized (gain) loss reclassification	(94)	1,326	1,050
Tax effect on transition asset (obligation)	0	1	3
Tax effect on net actuarial gain (loss)	2,363	(355)	(3,297)
Tax effect on net prior service income	$ 0	$ (61)	$ 47

Consolidated Balance Sheets - USD ($)
$ in Thousands

Nov. 03, 2018

Oct. 28, 2017

Current Assets

Cash and cash equivalents

$ 816,591

$ 1,047,838

Accounts receivable less allowances of $2,284 ($7,213 in 2017)

639,717

688,953

Inventories

^[1]

586,760

550,816

Prepaid income tax

3,196

3,522

Prepaid expenses and other current assets

65,862

60,209

Total current assets

2,112,126

2,351,338

Property, Plant and Equipment, at Cost

Land and buildings

873,186

794,456

Machinery and equipment

2,478,032

2,368,215

Office equipment

76,233

66,493

Leasehold improvements

100,374

75,263

Property, plant and equipment, at cost

3,527,825

3,304,427

Less accumulated depreciation and amortization

2,373,497

2,197,123

Net property, plant and equipment

1,154,328

1,107,304

Other Assets

Deferred compensation plan investments

39,853

32,572

Other investments

28,730

24,838

Goodwill

12,252,604

12,217,455

Intangible assets, net

4,778,192

5,319,425

Deferred tax assets

21,078

32,322

Other assets

62,868

56,040

Total other assets

17,183,325

17,682,652

Total assets

20,449,779

21,141,294

Current Liabilities

Accounts payable

260,919

236,629

Deferred income on shipments to distributors, net

487,417

473,972

Income taxes payable

93,722

86,905

Debt, current

67,000

300,000

Accrued liabilities

497,080

498,826

Total current liabilities

1,406,138

1,596,332

Non-current Liabilities

Long-term debt

6,265,674

7,551,084

Deferred income taxes

927,065

1,674,683

Deferred compensation plan liability

39,846

32,572

Income taxes payable

710,179

49,583

Other non-current liabilities

112,337

75,500

Total non-current liabilities

8,055,101

9,383,422

Commitments and contingencies (Note 10)

Shareholders’ Equity

Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding

Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 370,159,553 shares outstanding (368,635,788 on October 28, 2017)

61,694

61,441

Capital in excess of par value

5,282,222

5,250,519

Retained earnings

5,703,064

4,910,939

Accumulated other comprehensive loss

(58,440)

(61,359)

Total shareholders’ equity

10,988,540

10,161,540

Liabilities and Shareholders' Equity

$ 20,449,779

$ 21,141,294

[1]	Includes $7,128 and $5,373 related to stock-based compensation at November 3, 2018 and October 28, 2017, respectively.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 29, 2016
Current Assets
Allowances of accounts receivable	$ 2,284	$ 7,213
Amount related to stock-based compensation	$ 7,128	$ 5,373
Shareholders’ Equity
Preferred stock, par value (USD 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 (USD per share)	$ 0.166	$ 0.166
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	370,159,553	368,635,788

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Beginning Balance (in shares) at Oct. 31, 2015		312,061
Beginning Balance at Oct. 31, 2015		$ 52,011	$ 634,484	$ 4,437,315	$ (50,851)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				861,664
Dividends declared and paid				(513,180)
Issuance of stock under stock plans and other (in shares)		2,721
Issuance of stock under stock plans and other		$ 454	61,042
Tax benefit — equity based awards			12,282
Stock-based compensation expense			63,421
Other comprehensive income					(22,963)
Common stock repurchased (in shares)		(6,611)
Common stock repurchased		$ (1,102)	(368,959)
Ending Balance (in shares) at Oct. 29, 2016		308,171
Ending Balance at Oct. 29, 2016		$ 51,363	402,270	4,785,799	(73,814)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				727,259
Dividends declared and paid				(602,119)
Issuance of stock under stock plans and other (in shares)		5,153
Issuance of stock under stock plans and other		$ 859	132,439
Issuance of stock in connection with Acquisition (in shares)		55,884
Issuance of stock in connection with Acquisition		$ 9,314	4,584,341
Tax benefit — equity based awards			40,189
Stock-based compensation expense			104,188
Replacement share-based awards issued in connection with Acquisition			33,530
Other comprehensive income					12,455
Common stock repurchased (in shares)		(572)
Common stock repurchased		$ (95)	(46,438)
Ending Balance (in shares) at Oct. 28, 2017		368,636
Ending Balance at Oct. 28, 2017	$ 10,161,540	$ 61,441	5,250,519	4,910,939	(61,359)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				1,495,432
Dividends declared and paid				(703,307)
Issuance of stock under stock plans and other (in shares)		4,012
Issuance of stock under stock plans and other		$ 668	98,359
Tax benefit — equity based awards			7,741
Stock-based compensation expense			151,165
Other comprehensive income	2,919
Common stock repurchased (in shares)		(2,488)
Common stock repurchased		$ (415)	(225,562)
Ending Balance (in shares) at Nov. 03, 2018		370,160
Ending Balance at Nov. 03, 2018	$ 10,988,540	$ 61,694	$ 5,282,222	$ 5,703,064	$ (58,440)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Cash flows from operating activities:
Net Income	$ 1,495,432	$ 727,259	$ 861,664
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	228,525	194,666	134,540
Amortization of intangibles	570,538	389,393	75,250
Cost of goods sold for inventory acquired	0	358,718	0
Stock-based compensation expense	151,165	104,188	63,421
Loss on extinguishment of debt	0	0	3,290
Other non-cash activity	36,569	(10,865)	24,570
Deferred income taxes	(736,759)	(825,869)	8,124
Change in operating assets and liabilities:
Accounts receivable	45,979	(65,669)	(9,392)
Inventories	(34,636)	(47,354)	38,221
Prepaid expenses and other current assets	(1,721)	(1,875)	(5,618)
Deferred compensation plan investments	(7,484)	(7,358)	(2,399)
Prepaid income tax	133	2,679	(4,315)
Accounts payable, deferred income and accrued liabilities	(5,069)	192,249	85,502
Deferred compensation plan liability	7,484	7,358	2,399
Income taxes payable	(3,903)	119,618	9,950
Other liabilities	696,108	17,227	6,141
Total adjustments	946,929	427,106	429,684
Net cash provided by operating activities	2,442,361	1,154,365	1,291,348
Cash flows from investing:
Purchases of short-term available-for-sale investments	0	705,485	7,697,260
Maturities of short-term available-for-sale investments	0	3,362,792	6,375,361
Sales of short-term available-for-sale investments	0	577,187	332,716
Additions to property, plant and equipment, net	(254,876)	(204,098)	(127,397)
Payments for acquisitions, net of cash acquired	(52,839)	(9,632,568)	(83,170)
Change in other assets	(6,283)	(15,842)	(18,520)
Net cash used for investing activities	(313,998)	(6,618,014)	(1,218,270)
Cash flows from financing activities:
Proceeds from debt	743,778	11,156,164	1,235,331
Debt repayments	(2,275,000)	(5,050,000)	0
Early termination of debt	0	0	(378,156)
Proceeds from (payments of) derivative instruments	0	3,904	(33,430)
Payments of deferred financing fees	0	(5,625)	(26,583)
Dividend payments to shareholders	(703,307)	(602,119)	(513,180)
Repurchase of common stock	(225,977)	(46,533)	(370,061)
Proceeds from employee stock plans	99,027	133,302	61,496
Contingent consideration payment	(2,890)	(1,764)	(1,409)
Change in other financing activities	6,327	(524)	(7,378)
Net cash (used for) provided by financing activities	(2,358,042)	5,586,805	(33,370)
Effect of exchange rate changes on cash	(1,568)	3,550	(2,929)
Net (decrease) increase in cash and cash equivalents	(231,247)	126,706	36,779
Cash and cash equivalents at beginning of year	1,047,838	921,132	884,353
Cash and cash equivalents at end of year	$ 816,591	$ 1,047,838	$ 921,132

Description of Business	12 Months Ended
Description of Business	Nov. 03, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Analog Devices, Inc. (Analog Devices or the Company) is a leading global high-performance analog technology company. Since the Company's inception in 1965, it has focused on solving its customers’ toughest signal processing engineering challenges and playing a fundamental role in efficiently converting, conditioning, and processing real-world phenomena such as temperature, pressure, sound, light, speed, and motion into electrical signals to be used in a wide array of electronic applications. The Company produces innovative products and technologies that accurately and securely sense, measure, connect, interpret and power, allowing its customers to intelligently bridge the physical and digital domains. The Company designs, manufactures, and markets a broad portfolio of solutions, including integrated circuits (ICs), algorithms, software, and subsystems, that leverage high-performance analog, mixed-signal, and digital signal processing technologies. The Company's fusion of cutting-edge sensors, data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, and other signal processing products with deep industry expertise allows it to create robust technology platforms that meet a broad spectrum of customer and market needs. As new generations of applications evolve - such as autonomous vehicles, 5G networks, intelligent factories, and smart healthcare devices - the demand for Analog Devices’ high-performance analog signal processing and digital signal processing (DSP) products and technologies is increasing.

Summary of Significant Accounting Policies

12 Months Ended

Nov. 03, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

a.Principles of Consolidation

The consolidated financial statements include the accounts of the Company and all of its subsidiaries. Upon consolidation, all intercompany accounts and transactions are eliminated. Certain amounts reported in previous years have been reclassified to conform to the presentation for the fiscal year ended November 3, 2018 (fiscal 2018). In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). As a result of the adoption of ASU 2016-09 in the first quarter of fiscal 2018, excess tax benefits from share-based payments are presented within operating activities in the Consolidated Statements of Cash Flows. The Company applied this change in presentation retrospectively and has adjusted prior year presentation by removing the reclass of $41.8 million and $10.5 million of excess tax benefit-equity based awards from net cash provided by operating activities to net cash provided by financing activities in the fiscal year ended October 28, 2017 (fiscal 2017) and in the fiscal year ended October 29, 2016 (fiscal 2016), respectively. All other reclassified amounts are immaterial.

The Company’s fiscal year is the 52-week or 53-week period ending on the Saturday closest to the last day in October. Fiscal 2018 is a 53-week fiscal year. Fiscal 2017 and fiscal 2016 were 52-week periods. The additional week in fiscal 2018 was included in the first quarter ended February 3, 2018. Therefore, fiscal 2018 included an additional week of operations as compared to fiscal 2017 and fiscal 2016.

On March 10, 2017 (Acquisition Date), the Company completed the acquisition of all of the voting interests of Linear Technology Corporation (Linear), an independent manufacturer of high performance analog integrated circuits. The total consideration paid to acquire Linear was approximately $15.8 billion, consisting of $11.1 billion in cash financed through existing cash on hand, net proceeds from bridge and term loan facilities and proceeds received from the issuance of senior unsecured notes, $4.6 billion from the issuance of the Company's common stock and $0.1 billion of consideration related to the replacement of outstanding equity awards held by Linear employees. The acquisition of Linear is referred to as the Acquisition. The consolidated financial statements included in this Annual Report on Form 10-K include the financial results of Linear prospectively from the Acquisition Date.

See Note 6, Acquisitions, of these notes to Consolidated Financial Statements for further discussion related to the Acquisition.


b.	Cash, Cash Equivalents and Short-term Investments

Cash and cash equivalents are highly liquid investments with insignificant interest rate risk and maturities of ninety days or less at the time of acquisition. Cash, cash equivalents and short-term investments consist primarily of government and institutional money market funds, corporate obligations such as commercial paper and floating rate notes, bonds and bank time deposits.

The Company classifies its investments in readily marketable debt and equity securities as “held-to-maturity,” “available-for-sale” or “trading” at the time of purchase. There were no transfers between investment classifications in any of the fiscal years presented. Held-to-maturity securities, which are carried at amortized cost, include only those securities the Company has the positive intent and ability to hold to maturity. Securities such as bank time deposits, which by their nature are typically held to maturity, are classified as such. The Company’s other readily marketable cash equivalents and short-term investments are classified as available-for-sale. Available-for-sale securities are carried at fair value with unrealized gains and losses, net of related tax, reported in accumulated other comprehensive (loss) income. Adjustments to the fair value of investments classified as available-for-sale are recorded as an increase or decrease in accumulated other comprehensive (loss) income, unless the adjustment is considered an other-than-temporary impairment, in which case the adjustment is recorded as a charge in the statement of income.

The Company’s deferred compensation plan investments are classified as trading. See Note 2j, Fair Value and Note 11, Retirement Plans, of these Notes to Consolidated Financial Statements for additional information on these investments. There were no cash equivalents or short-term investments classified as trading at November 3, 2018 or October 28, 2017.

The Company periodically evaluates its investments for impairment. There were no other-than-temporary impairments of short-term investments in any of the fiscal years presented.

Realized gains or losses on investments are determined based on the specific identification basis and are recognized in nonoperating (income) expense. There were no material net realized gains or losses from the sales of available-for-sale investments during any of the fiscal periods presented.

As of November 3, 2018, the Company held 15 investment securities, 15 of which were in an unrealized loss position with immaterial gross unrealized losses and an aggregate fair value of $205.0 million. As of October 28, 2017, the Company held 18 investment securities, 8 of which were in an unrealized loss position with immaterial gross unrealized losses and an aggregate fair value of $143.9 million. These unrealized losses were primarily related to corporate obligations that earn lower interest rates than current market rates. None of these investments have been in a loss position for more than twelve months. As the Company does not intend to sell these investments and it is unlikely that the Company will be required to sell the investments before recovery of their amortized basis, which will be at maturity, the Company does not consider those investments to be other-than-temporarily impaired at November 3, 2018 and October 28, 2017.

The components of the Company’s cash and cash equivalents and short-term investments as of November 3, 2018 and October 28, 2017 were as follows:



	2018		2017
Cash and cash equivalents:
Cash	$	147,629	$	226,160
Available-for-sale	598,962		751,678
Held-to-maturity	70,000		70,000
Total cash and cash equivalents	$	816,591	$	1,047,838

See Note 2j, Fair Value, of these Notes to Consolidated Financial Statements for additional information on the Company’s cash equivalents and short-term investments.


c.	Supplemental Cash Flow Statement Information



	2018		2017		2016
Cash paid during the fiscal year for:
Income taxes	$	211,473	$	868,492	$	77,918
Interest	$	233,436	$	183,117	$	41,701


d.	Inventories

Inventories are valued at the lower of cost (first-in, first-out method) or market. The valuation of inventory requires the Company to estimate obsolete or excess inventory as well as inventory that is not of saleable quality. The Company employs a variety of methodologies to determine the net realizable value of its inventory. While a portion of the calculation to record inventory at its net realizable value is based on the age of the inventory and lower of cost or market calculations, a key factor in estimating obsolete or excess inventory requires the Company to estimate the future demand for its products. If actual demand is less than the Company’s estimates, impairment charges, which are recorded to cost of sales, may need to be recorded in future periods. Inventory in excess of saleable amounts is not valued, and the remaining inventory is valued at the lower of cost or market.

Inventories at November 3, 2018 and October 28, 2017 were as follows:



	2018		2017
Raw materials	$	30,511	$	35,436
Work in process	375,908		376,476
Finished goods	180,341		138,904
Total inventories	$	586,760	$	550,816


e.	Property, Plant and Equipment

Property, plant and equipment is recorded at cost, less allowances for depreciation. The straight-line method of depreciation is used for all classes of assets for financial statement purposes while both straight-line and accelerated methods are used for income tax purposes. Leasehold improvements are depreciated over the lesser of the term of the lease or the useful life of the asset. Repairs and maintenance charges are expensed as incurred. Depreciation is based on the following ranges of estimated useful lives:



Buildings	Up to 30 years
Machinery & equipment	3-10 years
Office equipment	3-10 years
Leasehold improvements	7-20 years

Depreciation expense for property, plant and equipment was $228.5 million, $194.7 million and $134.5 million in fiscal 2018, 2017 and 2016, respectively.

The Company reviews property, plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Recoverability of these assets is determined by comparison of their carrying amount to the future undiscounted cash flows the assets are expected to generate over their remaining economic lives. If such assets are considered to be impaired, the impairment to be recognized in earnings equals the amount by which the carrying value of the assets exceeds their fair value determined by either a quoted market price, if any, or a value determined by utilizing a discounted cash flow technique. If such assets are not impaired, but their useful lives have decreased, the remaining net book value is depreciated over the revised useful life. The Company has not recorded any material impairment charges related to our property, plant and equipment in fiscal 2018, fiscal 2017 or fiscal 2016.


f.	Goodwill and Intangible Assets

Goodwill

The Company evaluates goodwill for impairment annually, utilizing either the qualitative or quantitative method, as well as whenever events or changes in circumstances suggest that the carrying value of goodwill may not be recoverable. The Company tests goodwill for impairment at the reporting unit level, which the Company has determined is consistent with our operating segments, on an annual basis on the first day of the fourth quarter (on or about August 5) or more frequently if indicators of impairment exist or the Company reorganizes its reporting units. The Company has the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its net book value. If the Company elects not to use this option, or it determines that it is more likely than not that the fair value of a reporting unit is less than its net book value, then the Company performs the quantitative goodwill impairment test.

In the first quarter of fiscal 2018, the Company completed organizational changes designed to integrate the operations of Linear into the Company’s organizational structure and to reflect the evolution of the Company's markets. The Company performed an impairment analysis utilizing the quantitative method immediately prior to and subsequent to the reorganization and evaluated goodwill for impairment as of the date of reorganization. Based on the quantitative test performed on the reorganization date, no impairment was identified.

In the Company's latest annual impairment evaluation that occurred as of August 5, 2018, the Company used the qualitative method of assessing goodwill for all eight of its identified reporting units. For each of the reporting units, the Company determined that it was not more likely than not that the fair values were less than their net book values. In making this determination, the Company considered several factors, including the following:


–	the amount by which the fair values of each reporting unit exceeded their carrying values as of the date of the most recent quantitative impairment analysis, which indicated there would need to be substantial negative developments in the markets in which these reporting units operate in order for there to be potential impairment;


–	the carrying values of these reporting units as of August 5, 2018 compared to the previously calculated fair values as of the date of the most recent quantitative impairment analysis;


–	the Company's current forecasts as compared to the forecasts included in the most recent quantitative impairment analysis;


–	public information from competitors and other industry information to determine if there were any significant adverse trends in our competitors' businesses, such as significant declines in market capitalization or significant goodwill impairment charges that could be an indication that the goodwill of our reporting units was potentially impaired;


–	changes in the value of major U.S. stock indices that could suggest declines in overall market stability that could impact the valuation of our reporting units;


–	changes in our market capitalization and overall enterprise valuation to determine if there were any significant decreases that could be an indication that the valuation of our reporting units had significantly decreased; and


–	whether there had been any significant increases to the weighted-average cost of capital (WACC) rates for each reporting unit, which could materially lower our prior valuation conclusions under a discounted cash flow approach.

In prior periods, the Company did not elect to use the qualitative option for assessing goodwill and instead proceeded directly to the quantitative goodwill impairment analysis. The first step of the goodwill impairment test requires an entity to compare the fair value of a reporting unit with its carrying amount. The Company determines the fair value of its reporting units using a weighting of the income and market approaches. Under the income approach, the Company uses a discounted cash flow methodology which requires management to make significant estimates and assumptions related to forecasted revenues, gross profit margins, operating income margins, working capital cash flow, perpetual growth rates, and long-term discount rates, among others. For the market approach, the Company uses the guideline public company method. Under this method the Company utilizes information from comparable publicly traded companies with similar operating and investment characteristics as the reporting units, to estimate valuation multiples that are applied to the operating performance of the reporting unit being tested, in order to estimate their respective fair values. In order to assess the reasonableness of the calculated reporting unit fair values, the Company reconciles the aggregate estimated fair values of its reporting units determined to its current market capitalization, allowing for a reasonable control premium. If the carrying amount of a reporting unit, calculated using the above approaches, exceeds the reporting unit’s fair value, an impairment loss is recognized for the amount of the carrying value that exceeds the amount of the reporting unit's fair value, not to exceed the total amount of goodwill allocated to the reporting unit. Additionally, the Company considers income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable.

There was no impairment of goodwill in any of the fiscal years presented. The Company’s next annual impairment assessment will be performed as of the first day of the fourth quarter of the fiscal year ending November 2, 2019 (fiscal 2019) unless indicators arise that would require the Company to reevaluate at an earlier date. The following table presents the changes in goodwill during fiscal 2018 and fiscal 2017:



	2018			2017
Balance at beginning of year	$	12,217,455		$	1,679,116
Acquisition of Linear (Note 6)	1,647			10,532,272
Goodwill adjustment related to other acquisitions (1)	36,558			4,198
Foreign currency translation adjustment	(3,056		)	1,869
Balance at end of year	$	12,252,604		$	12,217,455

(1) Represents goodwill related to other acquisitions that were not material to the Company on either an individual or aggregate basis.

Intangible Assets

The Company reviews finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable. If required, recoverability of these assets is determined by comparison of their carrying value to the estimated future undiscounted cash flows the assets are expected to generate over their remaining estimated useful lives. If such assets are considered to be impaired, the impairment to be recognized in earnings equals the amount by which the carrying value of the assets exceeds their estimated fair value determined by either a quoted market price, if any, or a value determined by utilizing a discounted cash flow technique.

Indefinite-lived intangible assets are tested for impairment on an annual basis on the first day of the fourth quarter (on or about August 5) or more frequently if indicators of impairment exist. The impairment test involves a qualitative assessment on the indefinite-lived intangible assets to determine whether it is more likely-than not that the indefinite-lived intangible asset is impaired. If it is determined that the fair value of the indefinite-lived intangible asset is less than the carrying value, the Company would recognize into earnings the amount by which the carrying value of the assets exceeds the estimated fair value. No impairment of intangible assets resulted from the impairment tests in any of the fiscal years presented.

Definite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use. In-process research and development (IPR&D) assets are considered indefinite-lived intangible assets until completion or abandonment of the associated research and development (R&D) efforts. Upon completion of the projects, the IPR&D assets are reclassified to technology-based intangible assets and amortized over their estimated useful lives.

As of November 3, 2018 and October 28, 2017, the Company’s intangible assets consisted of the following:



	November 3, 2018				October 28, 2017
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	4,697,716	$	867,207	$	4,683,461	$	449,369
Technology-based	1,114,080		243,350		1,097,025		101,920
Trade-name	74,031		17,846		72,800		6,906
IPR&D	20,768		—		24,334		—
Total (1) (2)	$	5,906,595	$	1,128,403	$	5,877,620	$	558,195

________

(1) Foreign intangible asset carrying amounts are affected by foreign currency translation.

(2) Increases in intangible assets primarily relate to acquisitions that were not material to the Company on either an individual or aggregate basis. Intangible assets, along with the related accumulated amortization, are removed from the table above at the end of the fiscal year they become fully amortized.

Amortization expense related to finite-lived intangible assets was $570.5 million, $389.4 million and $75.3 million in fiscal 2018, 2017 and 2016, respectively. The remaining amortization expense will be recognized over a weighted average life of approximately 4.6 years.

The Company expects annual amortization expense for intangible assets as follows:



Fiscal Year	Amortization Expense
2019	$	569,314
2020	$	568,665
2021	$	568,005
2022	$	565,075
2023	$	541,877


g.	Grant Accounting

Certain of the Company’s foreign subsidiaries have received grants from governmental agencies. These grants include capital, employment and research and development grants. Capital grants for the acquisition of property and equipment are netted against the related capital expenditures and amortized as a credit to depreciation expense over the estimated useful life of the related asset. Employment grants, which relate to employee hiring and training, and research and development grants are recognized in earnings in the period in which the related expenditures are incurred by the Company. The amounts recognized were not material in fiscal 2018, fiscal 2017 or fiscal 2016.


h.	Translation of Foreign Currencies

The functional currency for the Company’s foreign sales and research and development operations is the applicable local currency. Gains and losses resulting from translation of these foreign currencies into U.S. dollars are recorded in accumulated other comprehensive (loss) income. Transaction gains and losses and re-measurement of foreign currency denominated assets and liabilities are included in income currently, including those at the Company’s principal foreign manufacturing operations where the functional currency is the U.S. dollar. Foreign currency transaction gains or losses included in other, net, were not material in fiscal 2018, 2017 or 2016.


i.	Derivative Instruments and Hedging Agreements

Foreign Exchange Exposure Management — The Company enters into forward foreign currency exchange contracts to offset certain operational and balance sheet exposures from the impact of changes in foreign currency exchange rates. Such exposures result from the portion of the Company’s operations, assets and liabilities that are denominated in currencies other than the U.S. dollar, primarily the Euro; other significant exposures include the British Pound, Philippine Peso and the Japanese Yen. These foreign currency exchange contracts are entered into to support transactions made in the normal course of business, and accordingly, are not speculative in nature. The contracts are for periods consistent with the terms of the underlying transactions, generally one year or less. Hedges related to anticipated transactions are designated and documented at the inception of the respective hedges as cash flow hedges and are qualitatively evaluated for effectiveness quarterly. Derivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified. As the terms of the contract and the underlying transaction are matched at inception, forward contract effectiveness is calculated by comparing the change in fair value of the contract to the change in the forward value of the anticipated transaction, with the gain or loss on the derivative reported as a component of accumulated other comprehensive (loss) income (OCI) in shareholders’ equity and reclassified into earnings in the same line item on the consolidated statement of income as the impact of the hedged transaction in the same period during which the hedged transaction affects earnings.

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 and Japanese Yen as of November 3, 2018 and October 28, 2017 was $194.4 million and $194.3 million, respectively. The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s consolidated balance sheets as of November 3, 2018 and October 28, 2017 were as follows:



		Fair Value At
	Balance Sheet Location	November 3, 2018		October 28, 2017
Forward foreign currency exchange contracts	Prepaid expenses and other current assets	$	—	$	257
Forward foreign currency exchange contracts	Accrued liabilities	$	6,934	$	—

Additionally, the Company enters into forward foreign currency contracts that economically hedge the gains and losses generated by the re-measurement of certain recorded assets and liabilities in a non-functional currency. Changes in the fair value of these undesignated hedges are recognized in other (income) expense immediately as an offset to the changes in the fair value of the asset or liability being hedged. As of November 3, 2018 and October 28, 2017, the total notional amount of these undesignated hedges was $40.6 million and $100.4 million, respectively. The fair value of these hedging instruments in the Company’s consolidated balance sheets was immaterial as of November 3, 2018 and was a liability of $1.8 million as of October 28, 2017.

The Company estimates that $4.7 million, net of tax, of losses on forward foreign currency derivative instruments included in OCI will be reclassified into earnings within the next 12 months.

All of the Company’s derivative financial instruments are eligible for netting arrangements that allow the Company and its counterparties to net settle amounts owed to each other. Derivative assets and liabilities that can be net settled under these arrangements have been presented in the Company's consolidated balance sheet on a net basis. As of November 3, 2018 and October 28, 2017, none of the netting arrangements involved collateral. The following table presents the gross amounts of the Company's derivative assets and liabilities and the net amounts recorded in the Company's consolidated balance sheet as of November 3, 2018 and October 28, 2017:



	November 3, 2018			October 28, 2017
Gross amount of recognized liabilities	$	(8,054	)	$	(5,039	)
Gross amounts of recognized assets offset in the consolidated balance sheet	904			3,512
Net liabilities presented in the consolidated balance sheet	$	(7,150	)	$	(1,527	)

Interest Rate Exposure Management — The Company's current and future debt may be subject to interest rate risk. The Company utilizes interest rate derivatives to alter interest rate exposure in an attempt to reduce the effects of these changes.

The market risk associated with the Company’s derivative instruments results from currency exchange rate or interest rate movements that are expected to offset the market risk of the underlying transactions, assets and liabilities being hedged. The counterparties to the agreements relating to the Company’s derivative instruments consist of a number of major international financial institutions with high credit ratings. Based on the credit ratings of the Company’s counterparties as of November 3, 2018 and October 28, 2017, nonperformance is not perceived to be a material risk. Furthermore, none of the Company’s derivatives are subject to collateral or other security arrangements and none contain provisions that are dependent on the Company’s credit ratings from any credit rating agency. While the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions, they do not represent the amount of the Company’s exposure to credit risk. The amounts potentially subject to credit risk (arising from the possible inability of counterparties to meet the terms of their contracts) are generally limited to the amounts, if any, by which the counterparties’ obligations under the contracts exceed the obligations of the Company to the counterparties. As a result of the above considerations, the Company does not consider the risk of counterparty default to be significant.

The Company records the fair value of its derivative financial instruments in its consolidated financial statements in other current assets, other assets, accrued liabilities and other non-current liabilities, depending on their net position, regardless of the purpose or intent for holding the derivative contract. Changes in the fair value of the derivative financial instruments are either recognized periodically in earnings or in shareholders’ equity as a component of OCI. Changes in the fair value of cash flow hedges are recorded in OCI and reclassified into earnings in the same line item on the consolidated statement of income as the impact of the hedged transaction when the underlying contract matures. Changes in the fair values of derivatives not qualifying for hedge accounting are reported in earnings as they occur.

For information on the unrealized holding gains (losses) on derivatives included in and reclassified out of accumulated other comprehensive income into the consolidated statement of income related to forward foreign currency exchange contracts, see Note 2o, Accumulated Other Comprehensive (Loss) Income of these Notes to Consolidated Financial Statements.


j.	Fair Value

The Company defines fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2 — Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date.

The tables below, set forth by level, presents the Company’s financial assets and liabilities, excluding accrued interest components, that were accounted for at fair value on a recurring basis as of November 3, 2018 and October 28, 2017. 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 November 3, 2018 and October 28, 2017, the Company held $217.6 million and $296.2 million, respectively, of cash and held-to-maturity investments that were excluded from the tables below.



	November 3, 2018
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds	$	394,076	$	—	$	—	$	394,076
Corporate obligations (1)	—		204,886		—		204,886
Other assets:
Deferred compensation investments	41,001		—		—		41,001
Interest rate derivatives	—		1,436		—		1,436
Total assets measured at fair value	$	435,077	$	206,322	$	—	$	641,399
Liabilities
Forward foreign currency exchange contracts (2)	—		7,150		—		7,150
Total liabilities measured at fair value	$	—	$	7,150	$	—	$	7,150


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of November 3, 2018 was $205.0 million.


(2)	The Company has netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of these Notes to Consolidated Financial Statements for more information related to the Company's master netting arrangements.



	October 28, 2017
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds	$	512,882	$	—	$	—	$	512,882
Corporate obligations (1)	—		238,796		—		238,796
Other assets:
Deferred compensation investments	33,510		—		—		33,510
Interest rate derivatives	—		2,966		—		2,966
Total assets measured at fair value	$	546,392	$	241,762	$	—	$	788,154
Liabilities
Forward foreign currency exchange contracts (2)	—		1,527		—		1,527
Total liabilities measured at fair value	$	—	$	1,527	$	—	$	1,527


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of October 28, 2017 was $238.9 million.


(2)	The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of these Notes to Consolidated Financial Statements for more information related to the Company's master netting arrangements.

The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:

Cash equivalents — 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.

Deferred compensation plan investments — The fair value of these mutual fund, money market fund and equity investments are based on quoted market prices.

Interest rate derivatives — The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives.

Forward foreign currency exchange contracts — The estimated fair value of forward foreign currency exchange contracts, which includes derivatives that are accounted for as cash flow hedges and those that are not designated as cash flow hedges, is based on the estimated amount the Company would receive if it sold these agreements at the reporting date taking into consideration current interest rates as well as the creditworthiness of the counterparty for assets and the Company’s creditworthiness for liabilities. The fair value of these instruments is based upon valuation models using current market information such as strike price, spot rate, maturity date and volatility.

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

The table below presents the estimated fair value of certain financial instruments not recorded at fair value on a recurring basis. The carrying amounts of the term loans approximate fair value. The term loans are classified as Level 2 measurements according to the fair value hierarchy. The fair values of the senior unsecured notes debt are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy. See Note 14, Debt, of these Notes to Consolidated Financial Statements for further discussion related to outstanding debt.



	November 3, 2018				October 28, 2017
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
3-Year term loan	$	425,000	425,000		1,950,000		1,950,000
5-Year term loan	1,350,000		1,350,000		2,100,000		2,100,000
2020 Notes, due March 2020	300,000		298,147		—		—
2021 Notes, due January 2021	450,000		444,568		—		—
2021 Notes, due December 2021	400,000		386,375		400,000		399,530
2023 Notes, due June 2023	500,000		479,189		500,000		498,582
2023 Notes, due December 2023	550,000		529,120		550,000		554,411
2025 Notes, due December 2025	850,000		829,611		850,000		884,861
2026 Notes, due December 2026	900,000		848,027		900,000		902,769
2036 Notes, due December 2036	250,000		232,627		250,000		259,442
2045 Notes, due December 2045	400,000		407,984		400,000		460,588
Total Debt	$	6,375,000	$	6,230,648	$	7,900,000	$	8,010,183


k.	Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates relate to the useful lives of fixed assets, identified intangible assets, allowances for doubtful accounts and customer returns, the net realizable value of inventory, potential reserves relating to litigation matters, accrued liabilities, accrued taxes, deferred tax valuation allowances, assumptions pertaining to share-based payments, and fair value of acquired assets and liabilities, including inventory, property, plant and equipment and acquired intangibles, and other reserves. Actual results could differ from those estimates and such differences may be material to the financial statements.


l.	Concentrations of Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of investments and trade accounts receivable.

The Company maintains cash, cash equivalents and short-term and long-term investments with high credit quality counterparties, continuously monitors the amount of credit exposure to any one issuer and diversifies its investments in order to minimize its credit risk.

The Company sells its products to distributors and original equipment manufacturers involved in a variety of industries including industrial process automation, instrumentation, defense/aerospace, automotive, communications, computers and computer peripherals and consumer electronics. The Company has adopted credit policies and standards to accommodate growth in these markets. The Company performs continuing credit evaluations of its customers’ financial condition and although the Company generally does not require collateral, the Company may require letters of credit from customers in certain circumstances. The Company provides reserves for estimated amounts of accounts receivable that may not be collected.

During fiscal 2018, no sales to an individual customer accounted for more than 10% of revenue. In fiscal 2017 and fiscal 2016, the Company's largest single end customer represented approximately 14% and 12% of total revenue, respectively.


m.	Concentration of Other Risks

The semiconductor industry is characterized by rapid technological change, competitive pricing pressures and cyclical market patterns. The Company’s financial results are affected by a wide variety of factors, including general economic conditions worldwide, economic conditions specific to the semiconductor industry, the timely implementation of new manufacturing technologies, the ability to safeguard patents and intellectual property in a rapidly evolving market and reliance on assembly and test subcontractors, third-party wafer fabricators and independent distributors. In addition, the semiconductor market has historically been cyclical and subject to significant economic downturns at various times. The Company is exposed to the risk of obsolescence of its inventory depending on the mix of future business. Additionally, a large portion of the Company’s purchases of external wafer and foundry services are from a limited number of suppliers, such as Taiwan Semiconductor Manufacturing Company (TSMC), Global Foundries, Vanguard, and others. If these suppliers or any of the Company’s other key suppliers are unable or unwilling to manufacture and deliver sufficient quantities of components, on the time schedule and of the quality that the Company requires, the Company may be forced to engage additional or replacement suppliers, which could result in significant expenses and disruptions or delays in manufacturing, product development and shipment of product to the Company’s customers. Although the Company has experienced shortages of components, materials and external foundry services from time to time, these items have generally been available to the Company as needed.


n.	Revenue Recognition

Revenue from product sales to customers is generally recognized when title passes, which is generally upon shipment in the U.S. and in certain foreign countries. Revenue from product sales to customers in other foreign countries is generally recognized subsequent to product shipment. Title for shipments to these other foreign countries ordinarily passes within a week of shipment. Accordingly, the Company defers the revenue recognized relating to these other foreign countries until title has passed. For multiple element arrangements, the Company allocates arrangement consideration among the elements based on the relative fair values of those elements as determined using vendor-specific objective evidence or third-party evidence. The Company uses its best estimate of selling price to allocate arrangement consideration between the deliverables in cases where neither vendor-specific objective evidence nor third-party evidence is available. A reserve for sales returns and allowances for customers is recorded based on historical experience or specific identification of an event necessitating a reserve.

Revenue from contracts with the United States government, government prime contractors and some commercial customers is generally recorded on a percentage of completion basis using either units delivered or costs incurred as the measurement basis for progress towards completion. The output measure is used to measure results directly and is generally the best measure of progress toward completion in circumstances in which a reliable measure of output can be established. Estimated revenue in excess of amounts billed is reported as unbilled receivables. Contract accounting requires judgment in estimating costs and assumptions related to technical issues and delivery schedule. Contract costs include material, subcontractor costs, labor and an allocation of indirect costs. The estimation of costs at completion of a contract is subject to numerous variables involving contract costs and estimates as to the length of time to complete the contract. Changes in contract performance, estimated gross margin, including the impact of final contract settlements, and estimated losses are recognized in the period in which the changes or losses are determined.

Product sales to certain international distributors are made under agreements that permit limited stock return privileges but not sales price rebates. Revenue on these sales is recognized upon shipment at which time title passes.

The Company defers revenue and the related cost of sales on shipments to U.S. distributors and certain international distributors until the distributors resell the products to their customers. As a result, the Company’s revenue fully reflects end customer purchases and is not impacted by distributor inventory levels. Sales to certain of these distributors are made under agreements that allow such distributors to receive price-adjustment credits, as discussed below, and to return qualifying products for credit, as determined by the Company, in order to reduce the amounts of slow-moving, discontinued or obsolete product from their inventory. These agreements limit such returns to a certain percentage of the value of the Company’s shipments to that distributor during the prior quarter. In addition, such distributors are allowed to return unsold products if the Company terminates the relationship with the distributor.

Certain distributors are granted price-adjustment credits for sales to their customers when the distributor’s standard cost (i.e., the Company’s sales price to the distributor) does not provide the distributor with an appropriate margin on its sales to its customers. As distributors negotiate selling prices with their customers, the final sales price agreed upon with the customer will be influenced by many factors, including the particular product being sold, the quantity ordered, the particular customer, the geographic location of the distributor and the competitive landscape. As a result, the distributor may request and receive a price-adjustment credit from the Company to allow the distributor to earn an appropriate margin on the transaction.

Certain distributors are also granted price-adjustment credits in the event of a price decrease subsequent to the date the product was shipped and billed to the distributor. Generally, the Company will provide a credit equal to the difference between the price paid by the distributor (less any prior credits on such products) and the new price for the product multiplied by the quantity of the specific product in the distributor’s inventory at the time of the price decrease.

Given the uncertainties associated with the levels of price-adjustment credits to be granted to certain distributors, the sales price to the distributor is not fixed or determinable until the distributor resells the products to their customers. Therefore, the Company defers revenue recognition from sales to certain distributors until such distributors have sold the products to their customers.

Generally, title to the inventory transfers to the distributor at the time of shipment or delivery to the distributor, and payment from the distributor is due in accordance with the Company’s standard payment terms. These payment terms are not contingent upon the distributors’ sale of the products to their customers. Upon title transfer to distributors, inventory is reduced for the cost of goods shipped, the margin (sales less cost of sales) is recorded as “deferred income on shipments to distributors, net” and an account receivable is recorded. Shipping costs are charged to cost of sales as incurred.

The deferred costs of sales to distributors have historically had very little risk of impairment due to the margins the Company earns on sales of its products and the relatively long life-cycle of the Company’s products. Product returns from distributors that are ultimately scrapped have historically been immaterial. In addition, price protection and price-adjustment credits granted to distributors historically have not exceeded the margins the Company earns on sales of its products. The Company continuously monitors the level and nature of product returns and is in frequent contact with the distributors to ensure reserves are established for all known material issues.

As of November 3, 2018 and October 28, 2017, the Company had gross deferred revenue of $603.8 million and $589.5 million, respectively, and gross deferred cost of sales of $116.4 million and $115.5 million, respectively.

The Company generally offers a twelve-month warranty for its products. The Company’s warranty policy provides for replacement of defective products. Specific accruals are recorded for known product warranty issues. Product warranty expenses during fiscal 2018, fiscal 2017 and fiscal 2016 were not material.


o.	Accumulated Other Comprehensive (Loss) Income

Accumulated other comprehensive (loss) income includes certain transactions that have generally been reported in the consolidated statement of shareholders’ equity. The components of accumulated other comprehensive loss at November 3, 2018 and October 28, 2017 consisted of the following, net of tax:



	Foreign currency translation adjustment			Unrealized holding gains on available for sale securities			Unrealized holding (losses) on available for sale securities			Unrealized holding Gains on Derivatives			Pension Plans			Total
October 28, 2017	$	(22,489	)	$	1		$	(1	)	$	(10,879	)	$	(27,991	)	$	(61,359	)
Other comprehensive income before reclassifications	(6,222		)	(2		)	(8		)	(1,447		)	13,358			5,679
Amounts reclassified out of other comprehensive income	—			—			—			(1,707		)	1,632			(75		)
Tax effects	—			—			—			(322		)	(2,363		)	(2,685		)
Other comprehensive income	(6,222		)	(2		)	(8		)	(3,476		)	12,627			2,919
November 3, 2018	$	(28,711	)	$	(1	)	$	(9	)	$	(14,355	)	$	(15,364	)	$	(58,440	)

The amounts reclassified out of accumulated other comprehensive loss into the consolidated statement of income, with presentation location during each period were as follows:



	2018			2017
Comprehensive Income Component							Location
Unrealized holding (losses) gains on derivatives
Currency forwards	$	396		$	2,188		Cost of sales
	(462		)	330			Research and development
	(317		)	927			Selling, marketing, general and administrative
Interest rate derivatives	(1,324		)	2,080			Interest expense
	(1,707		)	5,525			Total before tax
	94			(1,326		)	Tax
	$	(1,613	)	$	4,199		Net of tax

Amortization of pension components
Transition obligation	$	10		$	14		(a)
Prior service credit and curtailment recognition	1			(9		)	(a)
Actuarial losses and settlement recognition	1,621			1,865			(a)
	1,632			1,870			Total before tax
	(395		)	(400		)	Tax
	$	1,237		$	1,470		Net of tax

Total amounts reclassified out of accumulated other comprehensive income, net of tax	$	(376	)	$	5,669

______________

a) The amortization of pension components is included in the computation of net periodic pension cost. See Note 11, Retirement Plans, of these Notes to Consolidated Financial Statements for further information.


p.	Advertising Expense

Advertising costs are expensed as incurred. Advertising expense was approximately $10.4 million in fiscal 2018, $11.7 million in fiscal 2017 and $5.6 million in fiscal 2016.


q.	Income Taxes

Deferred tax assets and liabilities are determined based on the differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted income tax rates and laws that are expected to be in effect when the temporary differences are expected to reverse. A valuation allowance is recorded when it is more likely than not that some or all of the deferred tax assets will not be realized. The calculation of the tax liabilities involves dealing with uncertainties in the application of complex tax regulations. If it is more likely than not that the tax position will not be sustained on audit, an uncertain tax position is recorded. The Company re-evaluates these uncertain tax positions on a quarterly basis. See Note 12, Income Taxes, of these Notes to Consolidated Financial Statements for further information related to income taxes.


r.	Earnings Per Share of Common Stock

Basic earnings per share is computed based only on the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential future issuances of common stock relating to stock option programs and other potentially dilutive securities using the treasury stock method. In calculating diluted earnings per share, the dilutive effect of stock options and restricted stock units is computed using the average market price for the respective period. In addition, the assumed proceeds under the treasury stock method include the average unrecognized compensation expense of stock options that are in-the-money and restricted stock units. This results in the “assumed” buyback of additional shares, thereby reducing the dilutive impact of in-the-money stock options. Potential shares related to certain of the Company’s outstanding stock options and restricted stock units were excluded because they were anti-dilutive. Those potential shares, determined based on the weighted average exercise prices during the respective periods, could be dilutive in the future.

In connection with the Acquisition, the Company granted restricted stock awards to replace outstanding restricted stock awards of Linear employees. These restricted stock awards entitle recipients to voting and nonforfeitable dividend rights from the date of grant. These unvested stock-based compensation awards are considered participating securities and the two-class method is used for purposes of calculating earnings per share. Under the two-class method, a portion of net income is allocated to these participating securities and therefore is excluded from the calculation of earnings per share allocated to common stock, as shown in the table below. The difference between the income allocated to participating securities under the basic and diluted two-class methods is not material.

The following table sets forth the computation of basic and diluted earnings per share:



	2018		2017		2016
Net Income	$	1,495,432	$	727,259	$	861,664
Less: income allocated to participating securities	5,909		2,243		—
Net income allocated to common shareholders	1,489,523		725,016		861,664

Basic shares:
Weighted-average shares outstanding	370,430		346,371		308,736
Earnings per common share basic	$	4.02	$	2.09	$	2.79

Diluted shares:
Weighted-average shares outstanding	370,430		346,371		308,736
Assumed exercise of common stock equivalents	4,508		4,113		3,572
Weighted-average common and common equivalent shares	374,938		350,484		312,308
Earnings per common share diluted	$	3.97	$	2.07	$	2.76
Anti-dilutive shares related to:
Outstanding stock options	1,649		1,527		3,077


s.	Stock-Based Compensation

Stock-based compensation is measured at the grant date based on the grant-date fair value of the awards ultimately expected to vest and is recognized as an expense on a straight-line basis over the vesting period, which is generally four years for stock options and restricted stock units, or in annual installments of 25% on each of the first, second, third and fourth anniversaries of the date of grant in fiscal 2018. For grants issued prior to 2018, the vesting period was generally five years for stock options, or in annual installments of 20% on each of the first, second, third, fourth and fifth anniversaries of the date of grant and in one installment on the third anniversary of the date of grant for restricted stock units/awards. Determining the amount of stock-based compensation to be recorded for stock options requires the Company to develop estimates used in calculating the grant-date fair value of awards. The Company uses the Black-Scholes valuation model to calculate the grant-date fair value of stock option awards. The use of valuation models requires the Company to make estimates and assumptions, such as expected volatility, expected term, risk-free interest rate, expected dividend yield and forfeiture rates. The grant-date fair value of restricted stock units with only a service condition represents the value of the Company's common stock on the date of grant, reduced by the present value of dividends expected to be paid on the Company's common stock prior to vesting. See Note 3, Stock-Based Compensation and Shareholders' Equity, of these Notes to Consolidated Financial Statements for additional information relating to stock-based compensation.


t.	New Accounting Pronouncements

Standards Implemented

Derivatives and Hedging

In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12), which amends and simplifies existing guidance in order to allow companies to more accurately present the economic effects of risk management activities in the financial statements. ASU 2017-12 is effective for fiscal years beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted. ASU 2017-12 is effective for the Company in the first quarter of the fiscal year ending October 31, 2020 (fiscal 2020). The Company early adopted ASU 2017-12 in the third quarter of fiscal 2018. The adoption of ASU 2017-12 did not impact the Company's financial position or results of operations.

Stock Compensation

In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal years, and interim periods within those annual periods, beginning after December 15, 2016 and allows for prospective, retrospective or modified retrospective adoption, depending on the area covered in the update, with early adoption permitted. The Company adopted ASU 2016-09 in the first quarter of fiscal 2018. The Company recorded total excess tax benefits of $26.2 million in fiscal 2018 from its share-based payments within income tax expense in its consolidated statements of income. These excess tax benefits are presented within operating activities in the condensed consolidated statements of cash flows. The Company applied this change in presentation retrospectively and has adjusted prior year presentation by removing the reclass of $41.8 million and $10.5 million of excess tax benefit-stock options from net cash provided by operating activities to net cash provided by financing activities in fiscal 2017 and in fiscal 2016, respectively. The Company elected not to change its policy on accounting for forfeitures and continues to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. The adoption of ASU 2016-09 also changed the calculation of fully diluted shares outstanding. The excess tax benefits have been excluded from the calculation of assumed proceeds in the Company's calculation of diluted weighted shares under the new standard.

Equity Method Investments

In March 2016, the FASB issued ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting (ASU 2016-07). ASU 2016-07 eliminates the requirement that when an investment, initially accounted for under a method other than the equity method of accounting, subsequently qualifies for use of the equity method, an investor must retrospectively apply the equity method in prior periods in which it held the investment. This requires an investor to determine the fair value of the investee’s underlying assets and liabilities retrospectively at each investment date and revise all prior periods as if the equity method had always been applied. The new guidance requires the investor to apply the equity method prospectively from the date the investment qualifies for the equity method. The investor will add the carrying value of the existing investment to the cost of the additional investment to determine the initial cost basis of the equity method investment. ASU 2016-07 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, and early adoption is permitted. The Company adopted ASU 2016-07 in the first quarter of fiscal 2018. The adoption of ASU 2016-07 in the first quarter of fiscal 2018 did not impact the Company's financial position or results of operations.

Inventory

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) - Simplifying the Measurement of Inventory (ASU 2015-11), which simplifies the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out and the retail inventory method. The guidance in ASU 2015-11 is effective for fiscal years beginning after December 15, 2016 and early adoption is permitted. The Company adopted ASU 2015-11 in the first quarter of fiscal 2018. The adoption of ASU 2015-11 in the first quarter of fiscal 2018 did not impact the Company's financial position or results of operations.

Standards to be Implemented

Retirement Benefits

In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Topic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans (ASU 2018-14), which modifies the disclosure requirements for defined benefit pension plans and other post-retirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020, with early adoption permitted. ASU 2018-14 is effective for the Company in the first quarter of fiscal 2021. The Company is currently evaluating the adoption date. The adoption of ASU 2018-14 will modify the Company's disclosures for defined benefit plans and other post-retirement plans but is not expected to impact its financial position or results of operations.

Comprehensive Income

In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-01). ASU 2018-01 allows for reclassification of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. ASU 2018-02 is effective for the Company in the first quarter of fiscal 2020. The Company is currently evaluating the adoption date and the impact, if any, adoption will have on its financial position and results of operations.

Business Combinations

In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business (ASU 2017-01). ASU 2017-01 clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. The Company will adopt ASU 2017-01 in the first quarter of fiscal 2019. The impact of the adoption on the Company's financial position and results of operations will be dependent upon any future acquisitions or disposals.

Income Taxes

In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) (ASU 2016-16). ASU 2016-16 will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU 2016-16 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements have not been issued or made available for issuance. The Company will adopt ASU 2016-16 in the first quarter of fiscal 2019. The Company is currently evaluating the impact of the adoption of this standard will have on its consolidated financial statements but expects to recognize its previously deferred tax related to intra-entity transfers upon adoption, through a material cumulative-effect adjustment to retained earnings.

Statement of Cash Flows

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15). ASU 2016-15 provides guidance on several specific cash flow issues, including debt prepayment or extinguishment costs, settlement of certain debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of certain insurance claims and distributions received from equity method investees. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted in any interim or annual period. The Company will adopt ASU 2016-15 in the first quarter of fiscal 2019. The adoption of ASU 2016-15 will not have a material impact on the Company's financial position and results of operations.

Leases

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (ASU 2016-02). ASU 2016-02 requires a lessee to recognize most leases on the balance sheet but recognize expenses on the income statement in a manner similar to current practice. The update states that a lessee will recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying assets for the lease term. Leases will continue to be classified as either financing or operating, with classification affecting the recognition, measurement and presentation of expenses and cash flows arising from a lease. In January 2018, the FASB issued ASU 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 (ASU 2018-01). ASU 2018-01 permits an entity to elect an optional transition practical expedient to not evaluate land easements that existed or expired before the entity’s adoption of Topic 842 and that were not previously accounted for as leases under Topic 840. In July 2018, the FASB issued ASU 2018-11, Leases – Targeted Improvements (Topic 842) (ASU 2018-11), which provides for an additional transition method that allows companies to apply the new lease standard at the adoption date, eliminating the requirement to apply the standard to the earliest period presented in the financial statements.

ASU 2016-02, ASU 2018-01 and ASU 2018-11 are effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. ASU 2016-02 and ASU 2018-01 are effective for the Company in the first quarter of fiscal 2020. The Company is currently evaluating the adoption date and the impact adoption will have on its financial position and results of operations.

Financial Instruments

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 requires a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. ASU 2016-13 is effective for the Company in the first quarter of fiscal 2020. The Company is currently evaluating the adoption date and the impact, if any, adoption will have on its financial position and results of operations.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01). ASU 2016-01 requires equity investments to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. ASU 2016-01 is effective for the Company in the first quarter of fiscal 2019. The Company is currently evaluating the impact adoption will have on its financial position and results of operations.

Stock Compensation

In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (ASU 2018-07). ASU 2018-07 expands the scope of Topic 718 to include all share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 is effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year, with early adoption permitted. ASU 2018-07 is effective for the Company in the first quarter of fiscal 2020. The Company is currently evaluating the adoption date and the impact, if any, adoption will have on its financial position and results of operations.

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting (ASU 2017-09). The new guidance clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. ASU 2017-09 is effective for fiscal years, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. ASU 2017-09 is effective for the Company in the first quarter of fiscal 2019. The Company is currently evaluating the impact adoption will have on its financial position and results of operations.

Revenue Recognition

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (ASU 2014-09), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The FASB has issued several amendments and updates to the new revenue standard, including guidance related to when an entity should recognize revenue gross as a principal or net as an agent and how an entity should identify performance obligations. As amended, ASU 2014-09 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, which is the Company's first quarter of fiscal 2019. The Company is approaching the final stage of its project plan for the implementation of the guidance. The Company has reviewed its revenue streams, including those from the Acquisition, and is nearing completion in assessing all potential impacts of the standard on its consolidated financial statements and related disclosures, including any impacts from recently issued amendments, and retrospectively adjusting financial information for prior fiscal years. The most significant impact of adopting the new standard will be related to the timing of recognition of sales to certain distributors. As described in Note 2, Revenue Recognition, of these Notes to the Consolidated Financial Statements, the Company currently defers revenue and the related cost of sales on shipments to certain distributors until the distributors resell the products to their customers. Upon adoption of ASU 2014-09, the Company will no longer be permitted to defer revenue until sale by the distributor to the end customer, but rather, will be required to estimate the effects of returns and allowances provided to distributors and record revenue at the time of sale to the distributor. The Company will adopt ASU 2014-09, using the full retrospective method, upon its effective date for the Company which is the Company’s first quarter of fiscal 2019.

Stock-Based Compensation and Shareholders' Equity

12 Months Ended

Nov. 03, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation and Shareholders' Equity

Stock-Based Compensation and Shareholders’ Equity

Equity Compensation Plans

The Company grants, or has granted, stock options and other stock and stock-based awards under the Company's Amended and Restated 2006 Stock Incentive Plan (2006 Plan). This plan was originally approved by shareholders on March 14, 2006, and shareholders subsequently approved the amended and restated 2006 Plan in March 2014. The 2006 Plan provides for the grant of up to 34 million shares of the Company’s common stock, plus such number of additional shares that were subject to outstanding options under the Company’s previous equity compensation plans that have not been issued because the applicable option award subsequently terminates or expires without being exercised. The 2006 Plan provides for the grant of incentive stock options intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended, non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units and other stock-based awards. Employees, officers, directors, consultants and advisors of the Company and its subsidiaries are eligible to be granted awards under the 2006 Plan. No award may be made under the 2006 Plan after March 12, 2021, but awards previously granted may extend beyond that date. The Company will not grant further equity awards under any previous equity compensation plans. In connection with the Acquisition, the Company assumed the Linear Technology Corporation Amended and Restated 2005 Equity Incentive Plan (the 2005 Plan) and the Linear Technology Corporation Amended and Restated 2010 Equity Incentive Plan (now referred to as the Analog Devices, Inc. Amended and Restated 2010 Equity Incentive Plan) (the 2010 Plan). The Company will not grant further equity awards under the 2005 Plan but may grant stock options and other stock and stock-based awards under the 2010 Plan.

While the Company may grant options to employees that become exercisable at different times or within different periods, in fiscal 2018, the Company generally granted to employees options that vest over four years and become exercisable in annual installments of 25% on each of the first, second, third and fourth anniversaries of the date of grant. For grants issued prior to fiscal 2018 the options granted to employees generally vested over five years and became exercisable in annual installments of 20% on each of the first, second, third, fourth and fifth anniversaries of the date of grant. The maximum contractual term of all options is ten years.

In addition, in fiscal 2018, the Company granted to employees restricted stock units that generally vest over four years in annual installments of 25% on each of the first, second, third and fourth anniversaries of the date of grant. For grants issued prior to fiscal 2018 restricted stock units generally vested in one installment on the third anniversary of the date of grant.

As of November 3, 2018, a total of 11.4 million and 1.6 million common shares were available for future grant under the 2006 Plan and 2010 Plan, respectively, and 25.5 million common shares were reserved for issuance under the 2006 Plan, 2010 Plan and the Company's previous equity compensation plans.

Stock-based compensation is measured at the grant date based on the grant-date fair value of the awards ultimately expected to vest and is recognized as an expense on a straight-line basis over the vesting period. Determining the amount of stock-based compensation to be recorded requires the Company to develop estimates used in calculating the grant-date fair value of stock options.

Linear Replacement Awards

In connection with the Acquisition, the Company issued equity awards, consisting of restricted stock awards and restricted stock units (replacement awards), to certain Linear employees in replacement of Linear equity awards. The replacement awards consisted of restricted stock awards and restricted stock units for approximately 2.8 million shares of the Company's common stock with a weighted average grant date fair value of $82.20. The terms and intrinsic value of these replacement awards are substantially the same as the converted Linear awards. The fair value of the replacement awards associated with services rendered through the Acquisition Date was recognized as a component of the total acquisition consideration, and the remaining fair value of the replacement awards associated with post-Acquisition services will be recognized as an expense on a straight-line basis over the remaining vesting period.

Modification of Awards

The Company has, from time to time, modified the terms of its equity awards to employees and directors. The modifications made to the Company’s equity awards in fiscal 2018, fiscal 2017 and fiscal 2016 did not result in significant incremental compensation costs, either individually or in the aggregate.

Grant-Date Fair Value

The Company uses the Black-Scholes valuation model to calculate the grant-date fair value of stock option awards. The use of valuation models requires the Company to make estimates and assumptions, such as expected volatility, expected term, risk-free interest rate, expected dividend yield and forfeiture rates. The grant-date fair value of restricted stock units with a service condition represents the value of the Company's common stock on the date of grant, reduced by the present value of dividends expected to be paid on the Company's common stock prior to vesting.

Information pertaining to the Company’s stock option awards and the related estimated weighted-average assumptions to calculate the fair value of stock options using the Black-Scholes valuation model granted in fiscal 2018, fiscal 2017 and fiscal 2016 is as follows:



Stock Options	2018			2017			2016
Options granted (in thousands)	603			1,480			1,814
Weighted-average exercise price		$90.98			$82.99			$55.19
Weighted-average grant-date fair value		$20.82			$17.12			$12.67
Assumptions:
Weighted-average expected volatility	27.7		%	26.4		%	34.0		%
Weighted-average expected term (in years)	5.0			5.1			5.1
Weighted-average risk-free interest rate	2.6		%	2.1		%	1.4		%
Weighted-average expected dividend yield	2.1		%	2.2		%	3.0		%

Expected volatility — The Company is responsible for estimating volatility and has considered a number of factors, including third-party estimates. The Company currently believes that the exclusive use of implied volatility results in the best estimate of the grant-date fair value of employee stock options because it reflects the market’s current expectations of future volatility. In evaluating the appropriateness of exclusively relying on implied volatility, the Company concluded that: (1) options in the Company’s common stock are actively traded with sufficient volume on several exchanges; (2) the market prices of both the traded options and the underlying shares are measured at a similar point in time to each other and on a date close to the grant date of the employee share options; (3) the traded options have exercise prices that are both near-the-money and close to the exercise price of the employee share options; and (4) the remaining maturities of the traded options used to estimate volatility are at least one year.

Expected term — The Company uses historical employee exercise and option expiration data to estimate the expected term assumption for the Black-Scholes grant-date valuation. The Company believes that this historical data is currently the best estimate of the expected term of a new option, and that generally its employees exhibit similar exercise behavior.

Risk-free interest rate — The yield on zero-coupon U.S. Treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate.

Expected dividend yield — Expected dividend yield is calculated by annualizing the cash dividend declared by the Company’s Board of Directors for the current quarter and dividing that result by the closing stock price on the date of grant. Until such time as the Company’s Board of Directors declares a cash dividend for an amount that is different from the current quarter’s cash dividend, the current dividend will be used in deriving this assumption. Cash dividends are not paid on options, restricted stock or restricted stock units. In connection with the Acquisition, the Company granted restricted stock awards to replace outstanding restricted stock awards of Linear employees. These restricted stock awards entitle recipients to voting and nonforfeitable dividend rights from the date of grant.

Stock-Based Compensation Expense

The amount of stock-based compensation expense recognized during a period is based on the value of the awards that are ultimately expected to vest. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The term “forfeitures” is distinct from “cancellations” or “expirations” and represents only the unvested portion of the surrendered stock-based award. Based on an analysis of its historical forfeitures, the Company has applied an annual forfeiture rate of 5.0% to all unvested stock-based awards as of November 3, 2018. This analysis will be re-evaluated quarterly and the forfeiture rate will be adjusted as necessary. Ultimately, the actual expense recognized over the vesting period will only be for those awards that vest.

Additional paid-in-capital (APIC) Pool

The Company adopted ASU 2016-09 during fiscal 2018. ASU 2016-09 eliminated the APIC pool and requires that excess tax benefits and tax deficiencies be recorded in the income statement when awards are settled. As a result of this adoption the Company recorded total excess tax benefits of $26.2 million in fiscal 2018 from its share-based payments within income tax expense in its consolidated statements of income.

For fiscal 2017 and fiscal 2016, the APIC pool represented the excess tax benefits related to share-based compensation that were available to absorb future tax deficiencies. If the amount of future tax deficiencies was greater than the available APIC pool, the Company recorded the excess as income tax expense in its consolidated statements of income. For fiscal 2017 and fiscal 2016, the Company had a sufficient APIC pool to cover any tax deficiencies recorded and as a result, these deficiencies did not affect its results of operations.

Stock-Based Compensation Activity

A summary of the activity under the Company’s stock option plans as of November 3, 2018 and changes during the fiscal year then ended is presented below:



	Options Outstanding (in thousands)		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding at October 28, 2017	9,347			$52.27
Options granted	603			$90.98
Options exercised	(2,382	)		$41.85
Options forfeited	(264	)		$65.20
Options expired	(7	)		$30.58
Options outstanding at November 3, 2018	7,297			$58.42	6.0		$212,151
Options exercisable at November 3, 2018	4,089			$48.93	4.8		$156,474
Options vested or expected to vest at November 3, 2018 (1)	7,076			$57.89	6.0		$209,396


(1)	In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. The number of options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.

The total intrinsic value of options exercised (i.e., the difference between the market price at exercise and the price paid by the employee to exercise the options) during fiscal 2018, fiscal 2017 and fiscal 2016 was $123.8 million, $144.6 million and $46.6 million, respectively, and the total amount of proceeds received by the Company from exercise of these options during fiscal 2018, fiscal 2017 and fiscal 2016 was $99.0 million, $133.3 million and $61.5 million, respectively.

A summary of the Company’s restricted stock unit award activity as of November 3, 2018 and changes during the fiscal year then ended is presented below:



	Restricted Stock Units/Awards Outstanding (in thousands)		Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units/awards outstanding at October 28, 2017	5,680			$71.88
Units/Awards granted	1,668			$87.88
Restrictions lapsed	(1,616	)		$69.90
Forfeited	(443	)		$70.61
Restricted stock units/awards outstanding at November 3, 2018	5,289			$77.54

As of November 3, 2018, there was $350.7 million of total unrecognized compensation cost related to unvested share-based awards comprised of stock options and restricted stock units. That cost is expected to be recognized over a weighted-average period of 1.6 years. The total grant-date fair value of shares that vested during fiscal 2018, fiscal 2017 and fiscal 2016 was approximately $136.1 million, $114.8 million and $62.8 million, respectively.

Common Stock Repurchases

The Company’s share repurchase program has been in place since August 2004. In the aggregate, the Board of Directors has authorized the Company to repurchase $8.2 billion of the Company’s common stock under the program, which includes the $2.0 billion authorization approved by the Board of Directors on August 21, 2018. The Company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions. Unless terminated earlier by resolution of the Company’s Board of Directors, the repurchase program will expire when the Company has repurchased all shares authorized under the program.

In connection with the Acquisition, the Company temporarily suspended the share repurchase program. On August 21, 2018, the Company reinstated the share repurchase program and as of November 3, 2018, the Company had repurchased a total of approximately 148.9 million shares of its common stock for approximately $5.6 billion under this program. An additional $2.6 billion remains available for repurchase of shares under the current authorized program. The repurchased shares are held as authorized but unissued shares of common stock.

The Company also, from time to time, repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units/awards or the exercise of stock options. The withholding amount is based on the employee's minimum statutory withholding requirement. Any future common stock repurchases will be dependent upon several factors, including the Company's financial performance, outlook, liquidity and the amount of cash the Company has available in the United States.

Preferred Stock

The Company has 471,934 authorized shares of $1.00 par value preferred stock, none of which is issued or outstanding. The Board of Directors is authorized to fix designations, relative rights, preferences and limitations on the preferred stock at the time of issuance.

Industry, Segment and Geographic Information

12 Months Ended

Nov. 03, 2018

Segment Reporting [Abstract]

Industry, Segment and Geographic Information

The Company operates and tracks its results in one reportable segment based on the aggregation of eight operating segments. The Company designs, develops, manufactures and markets a broad range of integrated circuits (ICs). The Chief Executive Officer has been identified as the Company's Chief Operating Decision Maker. The Company has determined that all of the Company's operating segments share the following similar economic characteristics, and therefore meet the criteria established for operating segments to be aggregated into one reportable segment, namely:

•The primary source of revenue for each operating segment is the sale of ICs.

•The ICs sold by each of the Company's operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the Company’s own production facilities or by third-party wafer fabricators using proprietary processes.

•The Company sells its products to tens of thousands of customers worldwide. Many of these customers use products spanning all operating segments in a wide range of applications.

•The ICs marketed by each of the Company's operating segments are sold globally through a direct sales force, third-party distributors, independent sales representatives and via our website to the same types of customers.

All of the Company's operating segments share a similar long-term financial model as they have similar economic characteristics. The causes for variation in operating and financial performance are the same among the Company's operating segments and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. Lastly, the number and composition of employees and the amounts and types of tools and materials required for production of products are proportionally similar for each operating segment.

Revenue Trends by End Market

The following table summarizes 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 evolve and improve, 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.



	2018				2017				2016
	Revenue		% of Total Product Revenue		Revenue		% of Total Product Revenue		Revenue		% of Total Product Revenue*
Industrial	$	3,102,508	50	%	$	2,342,404	46	%	$	1,478,452	43	%
Automotive	988,741		16	%	803,211		16	%	558,631		16	%
Consumer	856,778		14	%	1,044,697		20	%	688,176		20	%
Communications	1,252,915		20	%	917,191		18	%	696,150		20	%
Total Revenue	$	6,200,942	100	%	$	5,107,503	100	%	$	3,421,409	100	%

* The sum of the individual percentages may not equal the total due to rounding.

Geographic Information

Revenue by geographic region is based upon the primary end customer location for the Company's products. In fiscal 2018, fiscal 2017 and fiscal 2016, the predominant countries comprising “Rest of North and South America” are Canada and Mexico; the predominant countries comprising “Europe” are Germany, Sweden, France and the United Kingdom; and the predominant countries comprising “Rest of Asia” are South Korea and Taiwan.



	2018		2017		2016
Revenue
United States	$	2,105,662	$	1,999,041	$	1,299,629
Rest of North and South America	103,401		103,077		95,957
Europe	1,471,689		1,211,435		924,849
Japan	716,276		506,114		291,649
China	1,210,042		842,532		575,690
Rest of Asia	593,872		445,304		233,635
Subtotal all foreign countries	4,095,280		3,108,462		2,121,780
Total revenue	$	6,200,942	$	5,107,503	$	3,421,409
Property, plant and equipment
United States	$	505,646	$	504,968	$	236,625
Ireland	202,611		188,728		174,952
Philippines	260,355		228,629		194,587
Singapore	80,383		77,015		—
Malaysia	57,514		71,756		—
All other countries	47,819		36,208		29,952
Subtotal all foreign countries	648,682		602,336		399,491
Total property, plant and equipment	$	1,154,328	$	1,107,304	$	636,116

Special Charges

12 Months Ended

Nov. 03, 2018

Restructuring and Related Activities [Abstract]

Special Charges

The Company monitors global macroeconomic conditions on an ongoing basis and continues to assess opportunities for improved operational effectiveness and efficiency, as well as a better alignment of expenses with revenues. As a result of these assessments, the Company has undertaken various restructuring actions over the past several years. These actions are described below. The following table displays a roll-forward from October 31, 2015 to November 3, 2018 of the employee separation and exit cost accruals established related to these actions.



Accrued Restructuring	Closure of Manufacturing Facilities			Reduction of Operating Costs Action			Early Retirement Action
Balance at October 31, 2015	$	—		$	5,877		$	—
Fiscal 2016 special charges	—			13,684			—
Severance payments	—			(7,184		)	—
Effect of foreign currency on accrual	—			(3		)	—
Balance at October 29, 2016	$	—		$	12,374		$	—
Fiscal 2017 special charges	—			8,126			41,337
Severance payments	—			(15,764		)	(9,126		)
Effect of foreign currency on accrual	—			401			—
Balance at October 28, 2017	$	—		$	5,137		$	32,211
Fiscal 2018 special charges	44,452			16,866			—
Severance payments	—			(16,785		)	(22,314		)
Effect of foreign currency on accrual	(1,478		)	37			—
Balance at November 3, 2018	$	42,974		$	5,255		$	9,897

Closure of Manufacturing Facilities

During the first quarter of fiscal 2018, the Company recorded a special charge of $41.2 million as a result of its decision to consolidate certain wafer and test facility operations acquired as part of the Acquisition. Over the next two to four years, the Company plans to close its Hillview wafer fabrication facility located in Milpitas, California and its Singapore test facility. The Company intends to transfer Hillview wafer fabrication production to its other internal facilities and to external foundries. In addition, the Company is planning to transition testing operations currently handled in its Singapore facility to its facilities in Penang, Malaysia and the Philippines, in addition to its outsourced assembly and test partners. The special charge was for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 1,249 manufacturing, engineering and selling, marketing, general and administrative (SMG&A) employees.

During the second, third and fourth quarters of fiscal 2018, the Company recorded special charges totaling $3.3 million in the aggregate related to one-time termination benefits for employees included in this action. These one-time termination benefits are being recognized over the future service period required for employees to earn these benefits. Employees included in this action must continue to be employed by the Company until their employment is terminated by the Company in order to receive the severance benefits. The accrual related to this action is included in other non-current liabilities in the condensed consolidated balance sheet as of November 3, 2018.

Reduction of Operating Costs Actions

During fiscal 2018, the Company recorded special charges of approximately $16.9 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 126 manufacturing, engineering and SMG&A employees.

During fiscal 2017, the Company recorded special charges of approximately $8.1 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 177 manufacturing, engineering and SMG&A employees.

During fiscal 2016, the Company recorded special charges of approximately $13.7 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan for 123 manufacturing, engineering and SMG&A employees.

The Company terminated the employment of all employees associated with the reduction of operating cost actions.

Early Retirement Offer Action

During fiscal 2017, the Company initiated an early retirement offer. This resulted in a special charge of approximately $41.3 million for severance, related benefits and other costs in accordance with this program for 225 manufacturing, engineering and selling, marketing, general and administrative (SMG&A) employees. The Company terminated the employment of all employees associated with this action.

Acquisitions

12 Months Ended

Nov. 03, 2018

Business Combinations [Abstract]

Acquisitions

Linear Technology Corporation

On the Acquisition Date, the Company completed its acquisition of all of the voting interests of Linear, an independent manufacturer of high performance analog integrated circuits. Under the terms of the agreement pursuant to which the Company acquired Linear (Merger Agreement), Linear stockholders received, for each outstanding share of Linear common stock, $46.00 in cash and 0.2321 of a share of the Company's common stock at the closing. The Company believes the combination creates the premier analog technology company with the industry’s most comprehensive suite of high-performance analog offerings. The results of operations of Linear from the Acquisition Date are included in the Company’s consolidated statements of income, consolidated balance sheet, consolidated statement of cash flows and shareholders’ equity for fiscal 2017. The amount of revenue attributable to Linear included in the Company's consolidated statements of income for fiscal 2017 was $913.2 million.

The Acquisition Date fair value of the consideration transferred in the Acquisition consisted of the following:



(in thousands)
Cash consideration (a)	$	11,092,047
Issuance of common stock (b)	4,593,655
Fair value of replacement share-based and cash awards (c)	70,954
Total estimated purchase consideration	$	15,756,656

_______________

(a)The cash consideration was funded utilizing cash on hand, the net proceeds from bridge credit and term loan facilities and the proceeds received from the Company's issuance of the Notes (as defined in Note 14, Debt, of these Notes to Consolidated Financial Statements). This reflects the cash portion of the purchase consideration paid to Linear stockholders of approximately $11.1 billion, as well as $16.3 million for the cash-settled portion of consideration paid to holders of restricted stock and restricted stock awards that automatically vested at the effective time of the Acquisition pursuant to pre-existing change-of-control agreements.

(b) The fair value is based on the issuance of approximately 55.9 million shares of the Company's common stock with a per-share value of $82.20 (the closing price of the Company's common stock on The Nasdaq Global Select Market on the Acquisition Date).

(c) In connection with the Acquisition, the Company issued equity and cash awards to certain Linear employees to replace Linear equity awards. This amount represents the portion of the fair value of the replacement equity and cash awards associated with services rendered though the Acquisition Date and have been included as a component of the total estimated purchase consideration.

During fiscal 2018, the Company completed the acquisition accounting for the Acquisition. The following is a summary of the amounts recognized in accounting for the Acquisition:



(in thousands)
Cash and cash equivalents	$	1,466,445
Marketable securities	100,246
Accounts receivable (a)	143,542
Inventories	461,695
Prepaid expenses and other assets	14,782
Property, plant and equipment	462,285
Intangible assets (Note 2f)	5,157,300
Goodwill (Note 2f)	10,533,919
Total assets	18,340,214
Assumed liabilities	190,925
Deferred tax liabilities	2,392,633
Total estimated purchase consideration	$	15,756,656

____________


(a)	The fair value of accounts receivable was $143.5 million, with the gross contractual amount being $145.2 million, of which the Company estimates that $1.7 million is uncollectible.

The acquired intangible assets consisted of the following, which are being amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use.



	Fair Value (in thousands)		Weighted Average Useful Lives (in Years)
Technology-based	$	1,046,100	8
Trade name	72,200		7
Customer relationships	4,039,000		12
Total amortizable intangible assets	$	5,157,300	11

The goodwill recognized is attributable to synergies which are expected to enhance and expand the Company’s overall product portfolio and opportunities in new and existing markets, future technologies that have yet to be determined and Linear's assembled workforce. Future technologies did not meet the criteria for recognition separately from goodwill because they are part of future development and growth of the business.

There were no significant contingent obligations assumed as part of the Acquisition.

The Company recognized $47.5 million of transaction-related costs, including legal, accounting and other related fees that were expensed in fiscal 2017. These costs are included in the consolidated statements of income within SMG&A expenses.

The following unaudited pro forma consolidated financial information combines the unaudited results of the Company for the year ended October 28, 2017 and the unaudited results of Linear for the year ended October 28, 2017 and assumes that the Acquisition, which closed on March 10, 2017, was completed on November 1, 2015 (the first day of fiscal 2016). The pro forma consolidated financial information has been calculated after applying the Company’s accounting policies and includes adjustments for amortization expense of acquired intangible assets, transaction-related costs, a step-up in the value of acquired inventory and property, plant and equipment, compensation expense for ongoing share-based compensation arrangements replaced and interest expense for the debt incurred to fund the Acquisition, together with the consequential tax effects. These pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the operating results of the Company that would have been achieved had the Acquisition actually taken place on November 1, 2015. In addition, these results are not intended to be a projection of future results and do not reflect events that may occur after the Acquisition, including but not limited to revenue enhancements, cost savings or operating synergies that the combined Company may achieve as a result of the Acquisition.



(thousands, except per share data)	Pro Forma Twelve Months Ended
	October 28, 2017		October 29, 2016
Revenue	$	5,702,841	$	4,842,658
Net income	$	1,061,684	$	360,880
Basic net income per common share	$	2.88	$	0.99
Diluted net income per common share	$	2.84	$	0.97

Other Acquisitions

The Company has not provided pro forma results of operations for any other acquisitions completed in fiscal 2018, fiscal 2017 or fiscal 2016 herein as they were not material to the Company on either an individual or an aggregate basis. The Company included the results of operations of each acquisition in its consolidated statement of income from the date of each acquisition.

Other Investments	12 Months Ended
Other Investments	Nov. 03, 2018
Investments, Debt and Equity Securities [Abstract]
Other Investments	Other Investments Other investments consist of interests in venture capital funds and other long-term investments. Investments are accounted for using the equity or cost method of accounting, depending on the nature of the investment, as appropriate. Realized gains and losses from equity method investments are reflected in nonoperating (income) expense based upon the Company's ownership share of the investee's financial results. Realized gains or losses on cost-method investments are determined based on the specific identification basis and are recognized in nonoperating (income) expense. During fiscal 2017 and fiscal 2016, the Company recognized other-than-temporary impairments of $5.0 million and $6.0 million, respectively, recorded in the condensed consolidated statement of income in other, net, within non-operating (income) expense, related to cost method investments that the Company determined were impaired. There were no other-than-temporary impairments recognized in any other of the fiscal periods presented. There were no material net realized or unrealized gains or losses from other investments during fiscal 2018, fiscal 2017 and fiscal 2016.

Accrued Liabilities

12 Months Ended

Nov. 03, 2018

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued liabilities at November 3, 2018 and October 28, 2017 consisted of the following:



	2018		2017
Accrued compensation and benefits	$	254,932	$	271,321
Accrued interest (Note 14)	64,974		59,400
Accrued restructuring (Note 5)	15,153		37,348
Other	162,021		130,757
Total accrued liabilities	$	497,080	$	498,826

Lease Commitments

12 Months Ended

Nov. 03, 2018

Leases [Abstract]

Lease Commitments

The Company leases certain facilities, equipment and software under various operating leases that expire at various dates through 2057. The lease agreements frequently include renewal and escalation clauses and require the Company to pay taxes, insurance and maintenance costs. Total rental expense under operating leases was approximately $84.9 million in fiscal 2018, $58.8 million in fiscal 2017 and $58.5 million in fiscal 2016.

The following is a schedule of future minimum rental payments required under long-term operating leases at November 3, 2018:



	Operating
Fiscal Years	Leases
2019	$	39,293
2020	49,069
2021	37,135
2022	32,395
2023	30,871
Later Years	201,489
Total	$	390,252

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Nov. 03, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, in the ordinary course of the Company’s business, various claims, charges and litigation are asserted or commenced against the Company arising from, or related to, contractual matters, patents, trademarks, personal injury, environmental matters, product liability, insurance coverage and personnel and employment disputes. As to such claims and litigation, the Company can give no assurance that it will prevail. The Company does not believe that any current legal matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Retirement Plans

12 Months Ended

Nov. 03, 2018

Retirement Benefits [Abstract]

Retirement Plans

The Company and its subsidiaries have various savings and retirement plans covering substantially all employees.

Defined Contribution Plans

The Company maintains a defined contribution plan for the benefit of its eligible U.S. employees. This plan provides for Company contributions of up to 5% of each participant’s total eligible compensation. In addition, the Company contributes an amount equal to each participant’s pre-tax contribution, if any, up to a maximum of 3% of each participant’s total eligible compensation. The total expense related to the defined contribution plans for U.S. employees was $41.4 million in fiscal 2018, $35.8 million in fiscal 2017 and $28.3 million in fiscal 2016.

Non-Qualified Deferred Compensation Plan

The Deferred Compensation Plan (DCP) allows certain members of management and other highly-compensated employees and non-employee directors to defer receipt of all or any portion of their compensation. The DCP was established to provide participants with the opportunity to defer receiving all or a portion of their compensation, which includes salary, bonus, commissions and director fees. Under the DCP, the Company provides all participants (other than non-employee directors) with Company contributions equal to 8% of eligible deferred contributions. The DCP is a non-qualified plan that is maintained in a rabbi trust. The fair value of the investments held in the rabbi trust are presented separately as deferred compensation plan investments, with the current portion of the investment included in prepaid expenses and other current assets in the consolidated balance sheet. See Note 2j., Fair Value, for further information on these investments. The deferred compensation obligation represents DCP participant accumulated deferrals and earnings thereon since the inception of the DCP net of withdrawals. The deferred compensation obligation is presented separately as Deferred compensation plan liability, with the current portion of the obligation in accrued liabilities in the consolidated balance sheet. The Company’s liability under the DCP is an unsecured general obligation of the Company.

Defined Benefit Pension Plans

The Company also has various defined benefit pension and other retirement plans for certain non-U.S. employees that are consistent with local statutory requirements and practices. The total expense related to the various defined benefit pension, contribution and other retirement plans for certain non-U.S. employees was $36.3 million in fiscal 2018, $33.0 million in fiscal 2017 and $26.9 million in fiscal 2016.

The Company’s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country. The plans’ assets consist primarily of U.S. and non-U.S. equity securities, bonds, property and cash.

The Company has elected to measure defined benefit plan assets and obligations as of October 31, which is the month-end that is closest to its fiscal year-ends, which were November 3, 2018 for fiscal 2018 and October 28, 2017 for fiscal 2017.

Components of Net Periodic Benefit Cost

Net annual periodic pension cost of non-U.S. plans for fiscal 2018, fiscal 2017 and fiscal 2016 is presented in the following table:



	2018			2017			2016
Service cost	$	6,891		$	6,688		$	5,520
Interest cost	3,984			3,581			3,675
Expected return on plan assets	(4,559		)	(4,086		)	(3,764		)
Amortization of prior service cost	10			14			—
Amortization of transition obligation	1			(9		)	17
Recognized actuarial loss	1,621			1,865			679
Subtotal	$	7,948		$	8,053		$	6,127
Settlement impact	—			—			151
Net periodic pension cost	$	7,948		$	8,053		$	6,278

Benefit Obligations and Plan Assets

Obligation and asset data of the Company’s non-U.S. plans at November 3, 2018 and October 28, 2017 is presented in the following table:



	2018			2017
Change in Benefit Obligation
Benefit obligation at beginning of year	$	139,516		$	129,711
Service cost	6,891			6,688
Interest cost	3,984			3,581
Plan amendments	—			176
Actuarial gain	(20,406		)	(2,615		)
Benefits paid	(4,301		)	(2,663		)
Exchange rate adjustment	(2,146		)	4,638
Benefit obligation at end of year	$	123,538		$	139,516
Change in Plan Assets
Fair value of plan assets at beginning of year	$	79,616		$	69,823
Actual return on plan assets	(2,626		)	5,420
Employer contributions	13,793			4,995
Benefits paid	(4,301		)	(2,663		)
Exchange rate adjustment	(1,827		)	2,041
Fair value of plan assets at end of year	$	84,655		$	79,616
Reconciliation of Funded Status
Funded status	$	(38,883	)	$	(59,900	)
Amounts Recognized in the Balance Sheet
Non-current assets	$	6,569		$	—
Current liabilities	(767		)	(733		)
Non-current liabilities	(44,685		)	(59,167		)
Net amount recognized	$	(38,883	)	$	(59,900	)



	2018			2017
Reconciliation of Amounts Recognized in the Statement of Financial Position
Initial net obligation	$	—		$	(10	)
Prior service credit	(44		)	(45		)
Net loss	(20,800		)	(35,779		)
Accumulated other comprehensive loss	(20,844		)	(35,834		)
Accumulated contributions less than net periodic benefit cost	(18,039		)	(24,066		)
Net amount recognized	$	(38,883	)	$	(59,900	)
Changes Recognized in Other Comprehensive Income
Changes in plan assets and benefit obligations recognized in other comprehensive income
Prior service cost	$	—		$	176
Net loss arising during the year (includes curtailment gains not recognized as a component of net periodic cost)	$	(13,220	)	$	(3,949	)
Effect of exchange rates on amounts included in accumulated other comprehensive income (loss)	(138		)	1,952
Amounts recognized as a component of net periodic benefit cost
Amortization, settlement or curtailment recognition of net transition obligation	(10		)	(14		)
Amortization or curtailment recognition of prior service credit (cost)	(1		)	9
Amortization or settlement recognition of net loss	(1,621		)	(1,865		)
Total recognized in other comprehensive loss	$	(14,990	)	$	(3,691	)
Total recognized in net periodic cost and other comprehensive loss	$	(7,042	)	$	4,362
Estimated amounts that will be amortized from accumulated other comprehensive (loss) income over the next fiscal year
Initial net obligation	$	—		$	(10	)
Prior service credit	(2		)	(2		)
Net loss	(1,015		)	(1,582		)
Total	$	(1,017	)	$	(1,594	)

The accumulated benefit obligation for non-U.S. pension plans was $105.8 million and $116.7 million at November 3, 2018 and October 28, 2017, respectively.

Information relating to the Company’s non-U.S. plans with projected benefit obligations in excess of plan assets and accumulated benefit obligations in excess of plan assets at November 3, 2018 and October 28, 2017 is presented in the following table:



	2018		2017
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligation	$	46,626	$	139,516
Fair value of plan assets	$	1,174	$	79,616
Plans with accumulated benefit obligations in excess of plan assets:
Projected benefit obligation	$	46,626	$	109,261
Accumulated benefit obligation	$	41,701	$	103,470
Fair value of plan assets	$	1,174	$	53,747

Assumptions

The range of assumptions used for the non-U.S. defined benefit plans reflects the different economic environments within the various countries as well as the differences in the attributes of the participants. As of October 29, 2016, the Company changed the method utilized to estimate the service cost and interest cost components of net periodic benefit cost for certain of its defined benefit pension plans. Prior to October 29, 2016, the Company estimated the service cost and interest cost components of net periodic benefit costs using a single weighted average discount rate. Beginning October 29, 2016, the Company uses a spot rate approach to estimate the service and interest cost components of net periodic benefit cost for certain of its defined benefit pension plans as the Company believes this approach calculates a better estimate. The change did not, and is not expected to, materially affect the Company's Consolidated Statement of Income.

The projected benefit obligation was determined using the following weighted-average assumptions:



	2018		2017
Discount rate	3.53	%	3.02	%
Rate of increase in compensation levels	3.26	%	3.18	%

Net annual periodic pension cost was determined using the following weighted average assumptions:



	2018		2017
Discount rate	3.02	%	2.92	%
Expected long-term return on plan assets	5.54	%	5.58	%
Rate of increase in compensation levels	3.18	%	3.36	%

The expected long-term rate of return on assets is a weighted-average of the long-term rates of return selected for the various countries where the Company has funded pension plans. The expected long-term rate of return on assets assumption is selected based on the facts and circumstances that exist as of the measurement date and the specific portfolio mix of plan assets. Management, in conjunction with its actuaries, reviewed anticipated future long-term performance of individual asset categories and considered the asset allocation strategy adopted by the Company and/or the trustees of the plans. While the review considered recent fund performance and historical returns, the assumption is primarily a long-term prospective rate.

The Company’s investment strategy is based on an expectation that equity securities will outperform debt securities over the long term. Accordingly, in order to maximize the return on assets, a majority of assets are invested in equities. Investments within each asset class are diversified to reduce the impact of losses in single investments. The use of derivative instruments is permitted where appropriate and necessary to achieve overall investment policy objectives and asset class targets.

The Company establishes strategic asset allocation percentage targets and appropriate benchmarks for each significant asset class to obtain a prudent balance between return and risk. The interaction between plan assets and benefit obligations is periodically studied by the Company and its actuaries to assist in the establishment of strategic asset allocation targets.

Fair value of plan assets

The following table presents plan assets measured at fair value on a recurring basis by investment categories as of November 3, 2018 and October 28, 2017 using the same three-level hierarchy described in Note 2j, Fair Value, of these Notes to Consolidated Financial Statements:



	November 3, 2018						October 28, 2017
	Fair Value Measurement at Reporting Date Using:						Fair Value Measurement at Reporting Date Using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Unit trust funds(1)	$	—	$	2,549	$	2,549	$	—	$	1,676	$	1,676
Equities(1)	3,437		35,221		38,658		4,701		32,589		37,290
Fixed income securities(2)	—		42,312		42,312		—		39,442		39,442
Cash and cash equivalents	1,136		—		1,136		1,208		—		1,208
Total assets measured at fair value	$	4,573	$	80,082	$	84,655	$	5,909	$	73,707	$	79,616

_______________________________________

(1)

The majority of the assets in these categories are invested in a mix of equities, including those from North America, Europe and Asia. The funds are valued using the net asset value method in which an average of the market prices for underlying investments is used to value the fund. Due to the nature of the underlying assets of these funds, changes in market conditions and the economic environment may significantly impact the net asset value of these investments and, consequently, the fair value of the investments. These investments are redeemable at net asset value to the extent provided in the documentation governing the investments. However, these redemption rights may be restricted in accordance with governing documents. Publicly traded securities are valued at the last trade or closing price reported in the active market in which the individual securities are traded.


(2)	The majority of the assets in this category are invested in funds primarily concentrated in non-U.S. debt instruments. The funds are valued using the net asset value method in which an average of the market prices for underlying investments is used to value the fund.

Estimated future cash flows

Expected fiscal 2019 Company contributions and estimated future benefit payments are as follows:



Expected Company Contributions
2019	$	4,149
Expected Benefit Payments
2020	$	2,580
2021	$	2,063
2022	$	2,212
2023	$	2,792
2024	$	3,247
2025 through 2028	$	21,966

Income Taxes

12 Months Ended

Nov. 03, 2018

Income Tax Disclosure [Abstract]

Income Taxes


	Income Taxes

The Tax Cuts and Jobs Act of 2017 (Tax Legislation), enacted on December 22, 2017, contains significant changes to U.S. tax law, including lowering the U.S. corporate income tax rate to 21.0%, implementing a territorial tax system, and imposing a one-time tax on deemed repatriated earnings of foreign subsidiaries.

The Tax Legislation reduced the U.S. statutory tax rate from 35.0% to 21.0%, effective January 1, 2018, which results in a blended statutory income tax rate for the Company of 23.4% for fiscal 2018.

The reconciliation of income tax computed at the U.S. federal statutory rates to income tax expense for fiscal 2018, fiscal 2017 and fiscal 2016 is as follows:



	2018			2017			2016
U.S. federal statutory tax rate	23.4		%	35.0		%	35.0		%
Income tax provision reconciliation:
Tax at statutory rate:	$	383,413		$	289,970		$	334,922
Net foreign income subject to lower tax rate	(434,834		)	(385,189		)	(264,157		)
State income taxes, net of federal benefit	4,015			(8,801		)	(10,821		)
Valuation allowance	2,232			(7,778		)	13,658
Federal research and development tax credits	(33,602		)	(16,475		)	(16,237		)
Change in uncertain tax positions	(32,945		)	(51,088		)	4,797
Amortization of purchased intangibles	213,198			159,466			35,641
Acquisition and integration costs	—			109,040			—
Taxes attributable to the Tax Cuts and Jobs Act of 2017	70,029			—			—
Windfalls (Under ASU 2016-09)	(26,237		)	—			—
Other, net	(2,184		)	12,081			(2,546		)
Total income tax provision	$	143,085		$	101,226		$	95,257

For fiscal 2019, the Company’s U.S. statutory income tax rate will be 21.0%.

Taxes attributable to the Tax Legislation include a tax benefit of $637.0 million for the re-measurement of deferred tax assets and liabilities and a tax expense of $691.0 million for the one-time transition tax as explained further below. For fiscal 2017, acquisition and integration costs includes $98.2 million related to post acquisition integration and $10.8 million related to non-deductible acquisition costs.

As of November 3, 2018, the Company has not completed its accounting for the tax effects of the enactment of the Tax Legislation. However, as described below, the Company has made reasonable estimates of the effects on its existing deferred tax balances and the one-time transition tax in the fiscal 2018.

For financial reporting purposes, income before income taxes for fiscal 2018, fiscal 2017 and fiscal 2016 includes the following components:



	2018		2017		2016
Pretax income:
Domestic	$	590,190	$	109,565	$	2,642
Foreign	1,048,327		718,920		954,279
Income before income taxes	$	1,638,517	$	828,485	$	956,921

The components of the provision for income taxes for fiscal 2018, fiscal 2017 and fiscal 2016 are as follows:



	2018			2017			2016
Current:
Federal tax	$	826,294		$	857,664		$	27,790
State	5,917			7,335			1,409
Foreign	47,633			62,096			57,934
Total current	$	879,844		$	927,095		$	87,133
Deferred:
Federal	$	(744,260	)	$	(795,478	)	$	325
State	806			(24,285		)	2,820
Foreign	6,695			(6,106		)	4,979
Total deferred	$	(736,759	)	$	(825,869	)	$	8,124

In fiscal year 2018, the Company recorded a $637.0 million tax benefit for the re-measurement of deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 21.0%. This provisional benefit is subject to revision based on further analysis and interpretation of the Tax Legislation and to the extent that future results differ from currently available projections.

This provisional benefit is subject to revision based on further analysis and interpretation of the Tax Legislation and to the extent that future results differ from currently available projections.

The Tax Legislation also implemented a territorial tax system. As part of transitioning to the territorial tax system, the Tax Legislation includes a one-time transition tax based on our total post-1986 undistributed foreign earnings and profits (E&P) that were previously deferred from U.S. income tax. In fiscal year 2018, the Company recorded a provisional tax expense amount for the one-time transition tax of $691.0 million, which is comprised of the $755.0 million transition tax liability less a deferred tax liability of $64.0 million that was recorded in prior years on a portion of the Company's E&P in certain foreign subsidiaries. This provisional estimate may be impacted by a number of additional considerations, including the issuance of final tax regulations that may impact the Company's ongoing analysis of the Tax Legislation and refinements to the Company's earnings and profits and foreign tax credit pools subject to the one-time transition taxes as well as the amount of earnings and profits held in cash or other specified assets. The Company intends to elect to pay this transition tax starting in fiscal 2019 over a period of eight years without incurring interest. As a result, $61.6 million of the transition tax is classified as current income taxes payable and $693.4 million is classified as non-current income taxes payable.

Additionally, the Tax Legislation subjects a U.S. shareholder to tax on global intangible low-taxed income (GILTI) earned by certain foreign subsidiaries for tax years starting on or after January 1, 2018. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred. The Company is still evaluating the effects of the GILTI provisions and has not yet determined its accounting policy relating to deferred taxes and as such, no deferred tax impacts are included in the Company's financial statements for the fiscal 2018,

Prior to the Tax Legislation, the Company had not provided deferred taxes on certain undistributed earnings and other outside basis differences of its foreign subsidiaries as it was the Company's intention for these basis differences to remain indefinitely reinvested. The Tax Legislation fundamentally changes the U.S. approach to taxation of foreign earnings to a territorial tax system, which generally allows companies to make distributions of non-U.S. earnings to the United States without incurring additional U.S. tax. Additionally, as a result of the transition tax, substantially all of the Company’s undistributed earnings as of December 31, 2017 will not be subject to further U.S. federal income taxation. As a result, as of November 3, 2018, the Company is still in the process of analyzing the impact the Tax Legislation has on its indefinite reinvestment assertion.

The Company carries other outside basis differences in its subsidiaries, primarily arising from purchase accounting adjustments and undistributed earnings that are considered indefinitely reinvested. As of November 3, 2018, the Company has not recognized deferred income tax on $4.3 billion of outside basis differences because it has the intent and ability to indefinitely reinvest these basis differences. These basis differences could be reversed through a sale of the subsidiaries or the receipt of dividends from the subsidiaries, as well as various other events, none of which are considered probable at this time. Determination of the amount of unrecognized deferred income tax liability related to these outside basis differences is not practicable.

On December 22, 2017, the Securities and Exchange Commission issued guidance under Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (SAB 118) directing taxpayers to consider the impact of the Tax Legislation as “provisional” when it does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete its accounting for the change in tax law. Also, in March 2018, the FASB issued ASU 2018-05, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118, to add various SEC paragraphs pursuant to the issuance of SAB 118, to Accounting Standards Codification topic 740, Income Taxes (ASC 740). In accordance with SAB 118, the amount reported for the tax benefit from re-measuring the Company’s net deferred tax liabilities to the lower 21.0% statutory rate and the amount reported for the additional U.S. income tax resulting from the one-time mandatory deemed repatriation including the ongoing evaluation of the impact on the Company’s indefinite reinvestment assertions regarding undistributed earnings and profits represents the Company's best estimate as it continues to accumulate and process data to finalize its underlying calculations and to review further guidance that regulators are expected to issue. The Company will continue to refine its adjustments through the permissible measurement period, which is not to extend beyond one year after the enactment date.

Many provisions in the Tax Legislation may have U.S. state and local income tax implications. While some states automatically adopt federal tax law changes, others may conform their laws on a specific date or may choose to decouple from the new federal tax law provisions. As such, the amount reported for U.S. state and local income taxes represents the Company’s best estimate as it continues to accumulate and process data to finalize its underlying calculations and to review further guidance. The Company expects to complete its analysis of the effects on state and local income taxes on or before December 22, 2018 as allowed by SAB 118.

During fiscal 2018 the Company also recorded a total of $26.2 million in discrete benefits for excess tax benefits from share-based payments, pursuant to ASU 2016-09, which became effective for fiscal 2018.

The significant components of the Company’s deferred tax assets and liabilities for fiscal 2018 and fiscal 2017 are as follows:



	2018			2017
Deferred tax assets:
Inventory reserves	$	22,184		$	28,137
Deferred income on shipments to distributors	46,168			62,923
Reserves for compensation and benefits	39,185			84,096
Tax credit carryovers	112,851			68,317
Stock-based compensation	53,105			99,815
Depreciation	1,707			2,659
Net operating losses	5,997			11,158
Acquisition-related costs	—			3,384
Other	34,031			34,737
Total gross deferred tax assets	315,228			395,226
Valuation allowance	(82,280		)	(53,787		)
Total deferred tax assets	232,948			341,439
Deferred tax liabilities:
Depreciation	(37,023		)	(64,868		)
Undistributed earnings of foreign subsidiaries	—			(64,067		)
Acquisition-related intangibles	(1,099,998		)	(1,851,818		)
Other	(1,914		)	(3,047		)
Total gross deferred tax liabilities	(1,138,935		)	(1,983,800		)
Net deferred tax liabilities	$	(905,987	)	$	(1,642,361	)

The valuation allowances of $82.3 million and $53.8 million at November 3, 2018 and October 28, 2017, respectively, are valuation allowances primarily for the Company’s state credit carryforwards. The Company believes that it is more-likely-than-not that these credit carryovers will not be realized and as a result has recorded a partial valuation allowance as of November 3, 2018. The state credit carryover of $112.9 million will begin to expire in 2019.

The net operating losses relate to the U.S and are not subject to a valuation allowance. These losses will begin to expire in fiscal 2030.

The Company has provided for potential tax liabilities due in the various jurisdictions in which the Company operates. Judgment is required in determining the worldwide income tax provision. In the ordinary course of global business, there are many transactions and calculations where the ultimate tax outcome is uncertain. Some of these uncertainties arise as a consequence of cost reimbursement arrangements among related entities. Although the Company believes its estimates are reasonable, no assurance can be given that the final tax outcome of these matters will not be different than that which is reflected in the historical income tax provisions and accruals. Such differences could have a material impact on the Company’s income tax provision and operating results in the period in which such determination is made.

The Company’s effective tax rate reflects the applicable tax rate in effect in the various tax jurisdictions around the world where the Company's income is earned. The Company's effective tax rate is generally lower than the U.S. federal statutory rate, primarily due to lower statutory tax rates applicable to the Company's operations in jurisdictions in which the Company earns a portion of its income.

As of November 3, 2018 and October 28, 2017, the Company had a net liability of $16.8 million and $47.6 million, respectively, for unrealized tax benefits, all of which, if settled in the Company’s favor, would lower the Company’s effective tax rate in the period recorded. As of November 3, 2018 and October 28, 2017, the Company had a liability of approximately $3.5 million and $10.8 million, respectively, for interest and penalties. The Company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the consolidated statements of income. The total gross liability as of November 3, 2018 and October 28, 2017 of $16.8 million and $49.6 million, respectively, for uncertain tax positions is classified as non-current, and is included in non-current income taxes payable, because the Company believes that the ultimate payment or settlement of these liabilities may not occur within the next twelve months. The consolidated statements of income for fiscal year 2018, fiscal 2017 and fiscal 2016 include $(7.3) million, ($12.3) million and $4.0 million, respectively, of interest and penalties related to these uncertain tax positions. Over the next fiscal year, the Company anticipates the liability may be reduced up to $0.6 million for the possible expiration of an income tax statute of limitations.

The following table summarizes the changes in the total amounts of unrealized tax benefits for fiscal 2016 through fiscal 2018:



	Unrealized Tax Benefits
Balance, October 31, 2015	$	71,782
Additions for tax positions related to current year	2,539
Reductions for tax positions related to prior years	(4,475		)
Reductions due to lapse of applicable statute of limitations	(1,311		)
Balance, October 29, 2016	$	68,535
Additions for tax positions related to current year	1,742
Additions for tax positions related to acquisition	12,332
Reductions for tax positions related to prior years	(43,186		)
Reductions due to lapse of applicable statute of limitations	(1,566		)
Balance, October 28, 2017	$	37,857
Additions for tax positions related to current year	1,334
Reductions for tax positions related to prior years	(295		)
Reductions due to lapse of applicable statute of limitations	(25,640		)
Balance, November 3, 2018	$	13,256

In fiscal 2017 the Company released a reserve of $50.5 million, which was comprised of the $41.7 million in accrued tax and $8.8 million of accrued net interest due to favorable settlement with the U.S. Tax Court. The settled issued pertained to Section 965 of the Internal Revenue Code related to the beneficial tax treatment of dividends paid from foreign owned companies under The American Jobs Creation Act.

In fiscal 2018, the Company released reserves of $18.1 million relating to certain international transfer pricing matters, $4.2 million relating to worthless stock deductions and $3.3 million relating to other releases in fiscal year 2013 due to the lapse of the statute of limitations. With accrued interest of $9.9 million, the released reserves totaled $35.5 million.

The Company has numerous audits ongoing at any time throughout the world, including an Internal Revenue Service income tax audit for Linear’s pre-acquisition fiscal 2015 and fiscal 2016, various U.S. state and local tax audits, and transfer pricing audits in Spain, the Philippines and Ireland.

With the exception of the Linear pre-acquisition audit, the Company’s U.S. federal tax returns prior to fiscal year 2015 are no longer subject to examination.

All of the Company’s Ireland tax returns prior to fiscal year 2013 are no longer subject to examination. During the fourth quarter of fiscal 2018, the Company’s Irish tax resident subsidiary received an assessment for fiscal 2013 of approximately €43.0 million, or $52.0 million (as of November 3, 2018), from the Irish Revenue Commissioners. This assessment excludes any penalties and interest. The assessment claims that the Company’s Irish entity failed to conform to 2010 OECD Transfer Pricing Guidelines. The Company strongly disagrees with the assessment and maintains that its transfer pricing is appropriate. Therefore, the Company has not recorded any additional tax liability related to the 2013 tax year or any other periods. The Company intends to vigorously defend its originally filed tax return position and has filed an appeal with the Irish Tax Appeals Commission, which is the normal process for the resolution of differences between Irish Revenue and taxpayers. If Irish Revenue were ultimately to prevail with respect to its assessment for the tax year 2013, such assessment and any potential impact related to years subsequent to 2013 could have a material unfavorable impact on the Company's income tax expense and net earnings in future periods.

The tax returns for Linear Technology Pte. Ltd. (Singapore) prior to the fiscal 2018 are no longer subject to examination by the Economic Development Board pursuant to terms of the tax holiday re-negotiation.

The tax returns for Linear Semiconductor Sdn. Bhd. (Malaysia) prior to the fiscal year ended June 2012 are no longer subject to examination.

The Company has a partial tax holiday in Malaysia whereby the local statutory rate is significantly reduced, if certain conditions are met. The tax holiday for Malaysia is effective through July 2025. A partial tax holiday in Singapore had been in place through August 2019, but was terminated early effective September 2018 due to negotiations with the Economic Development Board. This was due to the on-going relocation of our test operations from our Singapore facility to our facilities in Malaysia and Philippines as well as certain OSAT partners. The impact of the Singapore and Malaysia tax holidays was to increase net income by approximately $27.7 million in fiscal year 2018 and $27.4 million in fiscal year 2017. The impact of the tax holidays during fiscal 2018 increased the basic and diluted net income per common share by $0.07 each. The impact of the tax holidays during fiscal 2017 increased the basic and diluted net income per common share by $0.08 each.

Although the Company believes its estimates of income taxes payable are reasonable, no assurance can be given that the Company will prevail in the matters raised or that the outcome of one or all of these matters will not be different than that which is reflected in the historical income tax provisions and accruals. The Company believes such differences would not have a material impact on the Company’s financial condition.

Revolving Credit Facility	12 Months Ended
Revolving Credit Facility	Nov. 03, 2018
Line of Credit Facility [Abstract]
Revolving Credit Facility	Revolving Credit Facility The Company has a senior unsecured revolving credit facility with certain institutional lenders that expires on July 10, 2020. The agreement for such revolving credit facility (the Credit Agreement) provides that the Company may borrow up to $1.0 billion. To date, the Company has not borrowed under this revolving credit facility but may borrow in the future and use the proceeds for repayment of existing indebtedness, stock repurchases, acquisitions, capital expenditures, working capital and other lawful corporate purposes. Revolving loans under the Credit Agreement (other than swing line loans) bear interest, at the Company's option, at either a rate equal to (a) the Eurodollar Rate (as defined in the Credit Agreement) plus a margin based on the Company's debt rating or (b) the Base Rate (defined as the highest of (i) the Bank of America prime rate, (ii) the Federal Funds Rate (as defined in the Credit Agreement) plus 0.50% or (iii) one month Eurodollar Rate plus 1%). The Credit Agreement imposes restrictions on the Company’s ability to undertake certain transactions, to create certain liens on assets and to incur certain subsidiary indebtedness. In addition, the Credit Agreement contains a consolidated leverage ratio covenant of total consolidated funded debt to consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) of not greater than 4.5 to 1.0. The debt covenant will be reduced over time to 3.0 to 1.0, which began in May 2018. As of November 3, 2018, the Company was compliant with these covenants.

Debt

12 Months Ended

Nov. 03, 2018

Debt Disclosure [Abstract]

Debt

On June 3, 2013, the Company issued $500.0 million aggregate principal amount of 2.875% senior unsecured notes due June 1, 2023 (the 2023 Notes) with semi-annual fixed interest payments due on June 1 and December 1 of each year, commencing December 1, 2013. Prior to issuing the 2023 Notes, on April 24, 2013, the Company entered into a treasury rate lock agreement with Bank of America. This agreement allowed the Company to lock a 10-year US Treasury rate of 1.7845% through June 14, 2013 for its anticipated issuance of the 2023 Notes. The net proceeds of the offering were $493.9 million, after discount and issuance costs. Debt discount and issuance costs will be amortized through interest expense over the term of the 2023 Notes. The indenture governing the 2023 Notes contains covenants that may limit the Company's ability to: incur, create, assume or guarantee any debt for borrowed money 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 November 3, 2018, the Company was compliant with these covenants. The notes are subordinated to any future secured debt and to the other liabilities of the Company's subsidiaries.

On December 14, 2015, the Company issued $850.0 million aggregate principal amount of 3.9% senior unsecured notes due December 15, 2025 (the 2025 Notes) and $400.0 million aggregate principal amount of 5.3% senior unsecured notes due December 15, 2045 (the 2045 Notes) with semi-annual fixed interest payments due on June 15 and December 15 of each year, commencing June 15, 2016. The net proceeds of the offering were $1.2 billion, after discount and issuance costs. Debt discount and issuance costs will be amortized through interest expense over the term of the 2025 Notes and 2045 Notes. The indenture governing the 2025 Notes and 2045 Notes contains covenants that may limit the Company's ability to: incur, create, assume or guarantee any debt for borrowed money 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 November 3, 2018, the Company was compliant with these covenants. The 2025 Notes and 2045 Notes are subordinated to any future secured debt and to the other liabilities of the Company's subsidiaries.

On July 26, 2016, the Company entered into a definitive agreement to acquire Linear (the Merger Agreement). In connection with the Acquisition, the Company announced that it had obtained commitment financing in the form of a 364-day senior unsecured bridge facility in an aggregate principal amount of up to $7.5 billion (364-day Bridge Commitment) and a 90-day senior unsecured bridge facility in an aggregate principal amount of up to $4.1 billion (90-day Bridge Commitment). As discussed below, as a result of entering into the term loan facility and the issuance of $2.1 billion senior unsecured notes, the 364-day Bridge Commitment was terminated and $13.7 million and $7.2 million of unamortized bridge fees relating to the 364-day Bridge Commitment were accelerated and amortized into interest expense in fiscal 2016 and first quarter of fiscal 2017, respectively. Total fees incurred by the Company for the 364-day Bridge Commitment were approximately $27.5 million.

On the Acquisition Date, the Company entered into a 90-day Bridge Credit Agreement (the Bridge Credit Agreement). The Bridge Credit Agreement provided for unsecured loans in an aggregate principal amount of up to $4.1 billion. In the third quarter of fiscal 2017, the Company repaid all of the $4.1 billion of outstanding loans under the Bridge Credit Agreement. Total fees incurred by the Company for the 90-day Bridge Commitment and Bridge Credit Agreement were approximately $15.0 million.

On September 23, 2016, the Company entered into a term loan facility consisting of a 3-year unsecured term loan facility in the principal amount of $2.5 billion and a 5-year unsecured term loan facility in the principal amount of $2.5 billion established pursuant to a credit agreement (Term Loan Agreement). The Term Loan Agreement replaced $5.0 billion of the 364-Bridge Commitment. On the Acquisition Date, the Company borrowed under the Term Loan Agreement, consisting of a 3-year unsecured term loan in the principal amount of $2.5 billion, due March 10, 2020 and a 5-year unsecured term loan in the principal amount of $2.5 billion, due March 10, 2022. The 5-year term loan requires repayment in quarterly installments on the last business day of each March, June, September and December with the first required payment due June 2017. Prepayments of principal on the term loans can be made at any time without penalty. The term loans bear interest at a rate per annum equal to the Eurodollar Rate plus a margin based on the Company’s debt ratings from time to time of between 0.75% and 1.63% in the case of the 3-year term loan, and a margin of between 0.88% and 1.75% in the case of the 5-year term loan. As a result of entering into the Term Loan Agreement and drawing on the available borrowings, the Company incurred fees of approximately $11.5 million. The Company recorded these costs as deferred financing costs and will amortize them on a straight-line basis through interest expense over the expected 3- and 5-year terms of the term loans. In fiscal 2017, the Company repaid $400.0 million of principal on the 5-year term loan, which satisfied the quarterly obligations due through September 2019. In addition, in fiscal 2017, the Company repaid $550.0 million of principal on the 3-year term loan. On November 10, 2017, the Company paid $300.0 million of principal on the 3-year term loan using cash on hand as of October 28, 2017. This amount was not contractually due under the terms of the loan. As such, this amount was classified as current in the condensed consolidated balance sheet as of October 28, 2017. During fiscal 2018, the Company made additional principal payments of $1.2 million on the 3-year term loan and $750.0 million on the 5-year term loan. These amounts were not contractually due under the terms of the loans. As of November 3, 2018, $67.0 million of principal on the 3-year term loan was classified as current debt as the Company intends to utilize cash on hand as of November 3, 2018 to repay this amount of debt within the next twelve months.

On December 5, 2016, the Company issued $400.0 million aggregate principal amount of 2.5% senior unsecured notes due December 5, 2021 (the 2021 Notes), $550.0 million aggregate principal amount of 3.125% senior unsecured notes due December 5, 2023 (the December 2023 Notes), $900.0 million aggregate principal amount of 3.5% senior unsecured notes due December 5, 2026 (the 2026 Notes) and $250.0 million aggregate principal amount of 4.5% senior unsecured notes due December 5, 2036 (the 2036 Notes, and together with the 2021 Notes, the December 2023 Notes and the 2026 Notes, the Notes) with semi-annual fixed interest payments due on June 5 and December 5 of each year, commencing June 5, 2017. The net proceeds of the offering were $2.1 billion, after discount and issuance costs. Debt discount and issuance costs will be amortized through interest expense over the term of the Notes. The Notes were issued pursuant to an indenture, as supplemented by a supplemental indenture, and the indenture and supplemental indenture contain certain covenants, events of default and other customary provisions. As of November 3, 2018, the Company was compliant with these covenants. The Notes rank without preference or priority among themselves and equally in right of payment with all other existing and future senior unsecured debt and senior in right of payment to all of the Company's future subordinated debt. The issuance of the Notes replaced the remaining $2.5 billion of the 364-day Bridge Commitment.

On March 12, 2018, in an underwritten public offering, the Company issued $300.0 million aggregate principal amount of 2.850% senior unsecured notes due March 12, 2020 (the 2020 Notes) and $450.0 million aggregate principal amount of 2.950% senior unsecured notes due January 12, 2021 (the January 2021 Notes and, together with the 2020 Notes, the 2018 Note Offerings). Interest on the 2020 Notes is payable on March 12 and September 12 of each year, beginning on September 12, 2018. Interest on the January 2021 Notes is payable on January 12 and July 12 of each year, beginning on July 12, 2018. The net proceeds of the offering were $743.8 million, after discount and issuance costs, which were used to repay a portion of the Company’s outstanding 5-year term loan. Debt discount and issuance costs will be amortized through interest expense over the term of the 2018 Note Offerings. At any time prior to the applicable maturity date of the 2018 Note Offerings, the Company may, at its option, redeem some or all of the applicable series of the 2018 Note Offerings by paying a make-whole premium, plus accrued and unpaid interest, if any, to the date of redemption. The 2018 Note Offerings are unsecured and rank equally in right of payment with all of the Company’s other unsecured senior indebtedness. The 2018 Note Offerings were issued pursuant to an indenture, as supplemented by a supplemental indenture, and the indenture and supplemental indenture contain certain covenants, events of default and other customary provisions. As of November 3, 2018, the Company was in compliance with these covenants.

The Company’s debt consisted of the following as of November 3, 2018 and October 28, 2017:



	November 3, 2018				October 28, 2017
	Principal		Unamortized discount and debt issuance costs		Principal		Unamortized discount and debt issuance costs
3-Year term loan	$	358,000	$	318	$	1,650,000	$	3,270
5-Year term loan	1,350,000		1,503		2,100,000		4,727
2020 Notes, due March 2020	300,000		1,273		—		—
2021 Notes, due January 2021	450,000		3,344		—		—
2021 Notes, due December 2021	400,000		2,830		400,000		3,756
2023 Notes, due June 2023	500,000		2,813		500,000		3,434
2023 Notes, due December 2023	550,000		4,499		550,000		5,392
2025 Notes, due December 2025	850,000		6,262		850,000		7,154
2026 Notes, due December 2026	900,000		10,361		900,000		11,655
2036 Notes, due December 2036	250,000		3,778		250,000		3,983
2045 Notes, due December 2045	400,000		5,345		400,000		5,545
Total Long-Term Debt	$	6,308,000	$	42,326	$	7,600,000	$	48,916
3-Year term loan, current	67,000		—		300,000		—
Total Current Debt	$	67,000	$	—	$	300,000	$	—
Total Debt	$	6,375,000	$	42,326	$	7,900,000	$	48,916

Subsequent Events	12 Months Ended
Subsequent Events	Nov. 03, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 19, 2018, the Board of Directors of the Company declared a cash dividend of $0.48 per outstanding share of common stock. The dividend will be paid on December 10, 2018 to all shareholders of record at the close of business on November 29, 2018.

Supplementary Financial Information (Unaudited)

12 Months Ended

Nov. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

SUPPLEMENTARY FINANCIAL INFORMATION (Unaudited)

SUPPLEMENTARY FINANCIAL INFORMATION

(Unaudited) (thousands, except per share amounts and as noted)

The Company’s fiscal year is the 52-week or 53-week period ending on the Saturday closest to the last day in October. Fiscal 2018 is a 53-week fiscal year. Fiscal 2017 was a 52-week fiscal year. The Company's interim periods operate on a 4-4-5 fiscal calendar, where each fiscal quarter is comprised of two 4-week periods and one 5-week period, with each week ending on a Saturday. The additional week in fiscal 2018 was included in the first quarter ended February 3, 2018. Therefore, fiscal 2018 included an additional week of operations as compared to fiscal 2017. The Company's fiscal year quarterly financial information for fiscal 2018 and fiscal 2017 include results of operations of Linear from March 10, 2017:



	4Q18		3Q18		2Q18		1Q18		4Q17		3Q17		2Q17		1Q17
Revenue	1,596,586		1,572,679		1,513,053		1,518,624		1,541,170		1,433,902		1,147,982		984,449
Cost of sales	502,932		502,033		479,241		483,434		535,145		667,278		507,539		335,945
Gross margin	1,093,654		1,070,646		1,033,812		1,035,190		1,006,025		766,624		640,443		648,504
% of Revenue	68.5	%	68.1	%	68.3	%	68.2	%	65.3	%	53.5	%	55.8	%	65.9	%
Research and development	295,699		291,642		289,472		288,597		273,746		275,670		235,232		183,954
Selling, marketing, general and administrative	175,396		171,487		172,146		176,908		185,721		183,980		190,686		130,659
Special charges (a)	1,842		1,069		1,089		57,318		—		—		—		49,463
Amortization of intangibles	107,345		107,409		107,129		107,019		98,348		112,153		68,690		18,160
Total operating expenses	580,282		571,607		569,836		629,842		557,815		571,803		494,608		382,236
Operating income	513,372		499,039		463,976		405,348		448,210		194,821		145,835		266,268
% of Revenue	32	%	32	%	31	%	27	%	29	%	14	%	13	%	27	%
Nonoperating (income) expenses:
Interest expense (b)	59,102		61,665		64,792		68,030		63,517		73,073		71,636		42,614
Interest income	(2,791	)	(2,588	)	(1,912	)	(2,092	)	(2,388	)	(5,524	)	(12,421	)	(10,000	)
Other, net	(461	)	(632	)	(451	)	556		5,417		474		(94	)	345
Total nonoperating (income) expense	55,850		58,445		62,429		66,494		66,546		68,023		59,121		32,959
Income before income taxes	457,522		440,594		401,547		338,854		381,664		126,798		86,714		233,309
% of Revenue	29	%	28	%	27	%	22	%	25	%	9	%	8	%	24	%
Provision (benefit) for income taxes (c)	24,557		26,130		21,716		70,682		34,014		57,882		(6,850	)	16,180
Net income	432,965		414,464		379,831		268,172		347,650		68,916		93,564		217,129
% of Revenue	27	%	26	%	25	%	18	%	23	%	5	%	8	%	22	%
Net income allocable to common shares (d)	431,621		412,938		378,299		266,929		345,876		67,935		93,564		217,129
Basic earnings per common share	1.16		1.11		1.02		0.72		0.94		0.18		0.27		0.70
Diluted earnings per common share	1.15		1.10		1.01		0.71		0.93		0.18		0.27		0.69
Shares used to compute earnings per share (in thousands):
Basic	371,074		371,315		370,384		369,093		368,043		367,315		341,316		308,786
Diluted	375,116		375,815		374,778		374,189		372,053		371,159		345,654		313,076
Dividends declared per share	0.48		0.48		0.48		0.45		0.45		0.45		0.45		0.42

a) Represents charges recorded for various restructuring actions. See Note 5, Special Charges, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.

b) Interest expense in fiscal 2017 and 2018 includes interest and fees associated with financing commitments entered into in connection with the Acquisition. See Note 14, Debt, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.

c) Provision for income taxes in the first quarter of fiscal 2018 included the impact related to the Tax Cuts and Jobs Act of 2017, enacted on December 22, 2017. Provision for income taxes in the fourth quarter of fiscal 2018 included a release of reserves relating to certain international transfer pricing matters. Provision for income taxes in the second quarter of fiscal 2017 included a tax benefit of $15.0 million for the release of a state tax credit valuation allowance as a result of the Acquisition. Provision for income taxes in the third quarter of fiscal 2017 included approximately $98.2 million of tax expense incurred during the quarter as part of the post-Acquisition integration, partially offset by a tax benefit of $50.5 million related to the reduction of reserves and related interest resulting from the U.S. Tax Court’s favorable ruling, as well as lower statutory tax rates applicable to our operations in the foreign jurisdictions in which the Company earns income. See Note 12, Income Taxes, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.

d) Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net income by the income allocable to participating securities.

Valuation and Qualifying Accounts

12 Months Ended

Nov. 03, 2018

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

Years ended November 3, 2018, October 28, 2017 and October 29, 2016

(dollar amounts in thousands)



Description	Balance at Beginning of Period		Additions (Reductions) Charged to Income Statement			Other			Deductions		Balance at End of Period
Accounts Receivable Reserves and Allowances:
Year ended October 29, 2016	$	2,081	$	3,936		$	—		$	900	$	5,117
Year ended October 28, 2017	$	5,117	$	12,284		$	—		$	10,188	$	7,213
Year ended November 3, 2018	$	7,213	$	2,313		$	—		$	7,242	$	2,284
Valuation Reserve for Deferred Tax Asset:
Year ended October 29, 2016	$	52,675	$	13,658		$	761		$	—	$	67,094
Year ended October 28, 2017	$	67,094	$	(7,778	)	$	—		$	5,529	$	53,787
Year ended November 3, 2018	$	53,787	$	30,254		$	(1,761	)	$	—	$	82,280

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Nov. 03, 2018

Accounting Policies [Abstract]

Principles of Consolidation

See Note 6, Acquisitions, of these notes to Consolidated Financial Statements for further discussion related to the Acquisition.

Cash, Cash Equivalents and Short-term Investments

The Company periodically evaluates its investments for impairment. There were no other-than-temporary impairments of short-term investments in any of the fiscal years presented.

Supplemental Cash Flow Statement Information



	2018		2017		2016
Cash paid during the fiscal year for:
Income taxes	$	211,473	$	868,492	$	77,918
Interest	$	233,436	$	183,117	$	41,701

Inventories

Property, Plant and Equipment



Buildings	Up to 30 years
Machinery & equipment	3-10 years
Office equipment	3-10 years
Leasehold improvements	7-20 years

Depreciation expense for property, plant and equipment was $228.5 million, $194.7 million and $134.5 million in fiscal 2018, 2017 and 2016, respectively.

Goodwill and Intangible Assets

Goodwill


–	the amount by which the fair values of each reporting unit exceeded their carrying values as of the date of the most recent quantitative impairment analysis, which indicated there would need to be substantial negative developments in the markets in which these reporting units operate in order for there to be potential impairment;


–	the carrying values of these reporting units as of August 5, 2018 compared to the previously calculated fair values as of the date of the most recent quantitative impairment analysis;


–	the Company's current forecasts as compared to the forecasts included in the most recent quantitative impairment analysis;


–	public information from competitors and other industry information to determine if there were any significant adverse trends in our competitors' businesses, such as significant declines in market capitalization or significant goodwill impairment charges that could be an indication that the goodwill of our reporting units was potentially impaired;


–	changes in the value of major U.S. stock indices that could suggest declines in overall market stability that could impact the valuation of our reporting units;


–	changes in our market capitalization and overall enterprise valuation to determine if there were any significant decreases that could be an indication that the valuation of our reporting units had significantly decreased; and


–	whether there had been any significant increases to the weighted-average cost of capital (WACC) rates for each reporting unit, which could materially lower our prior valuation conclusions under a discounted cash flow approach.



	2018			2017
Balance at beginning of year	$	12,217,455		$	1,679,116
Acquisition of Linear (Note 6)	1,647			10,532,272
Goodwill adjustment related to other acquisitions (1)	36,558			4,198
Foreign currency translation adjustment	(3,056		)	1,869
Balance at end of year	$	12,252,604		$	12,217,455

(1) Represents goodwill related to other acquisitions that were not material to the Company on either an individual or aggregate basis.

Intangible Assets

Grant Accounting

Translation of Foreign Currencies

Derivative Instruments and Hedging Agreements

Fair Value Measurement

The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:

Cash equivalents — 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.

Deferred compensation plan investments — The fair value of these mutual fund, money market fund and equity investments are based on quoted market prices.

Interest rate derivatives — The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives.

Fair Value

Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date.

Use of Estimates

Concentrations of Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of investments and trade accounts receivable.

Concentration of Other Risks

Revenue Recognition

Advertising Expense

Advertising costs are expensed as incurred. Advertising expense was approximately $10.4 million in fiscal 2018, $11.7 million in fiscal 2017 and $5.6 million in fiscal 2016.

Income Taxes

Earnings Per Share of Common Stock

Share-Based Compensation

Stock-Based Compensation

New Accounting Pronouncements

Standards Implemented

Derivatives and Hedging

Stock Compensation

Equity Method Investments

Inventory

Standards to be Implemented

Retirement Benefits

Comprehensive Income

Business Combinations

Income Taxes

Statement of Cash Flows

Leases

Financial Instruments

Stock Compensation

Revenue Recognition

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Nov. 03, 2018

Accounting Policies [Abstract]

Cash and cash equivalents and short term investments

The components of the Company’s cash and cash equivalents and short-term investments as of November 3, 2018 and October 28, 2017 were as follows:



	2018		2017
Cash and cash equivalents:
Cash	$	147,629	$	226,160
Available-for-sale	598,962		751,678
Held-to-maturity	70,000		70,000
Total cash and cash equivalents	$	816,591	$	1,047,838

Supplemental cash flow statement Information



	2018		2017		2016
Cash paid during the fiscal year for:
Income taxes	$	211,473	$	868,492	$	77,918
Interest	$	233,436	$	183,117	$	41,701

Inventories

Inventories at November 3, 2018 and October 28, 2017 were as follows:



	2018		2017
Raw materials	$	30,511	$	35,436
Work in process	375,908		376,476
Finished goods	180,341		138,904
Total inventories	$	586,760	$	550,816

Useful lives of property, plant and equipment

Depreciation is based on the following ranges of estimated useful lives:



Buildings	Up to 30 years
Machinery & equipment	3-10 years
Office equipment	3-10 years
Leasehold improvements	7-20 years

Changes in goodwill

The following table presents the changes in goodwill during fiscal 2018 and fiscal 2017:



	2018			2017
Balance at beginning of year	$	12,217,455		$	1,679,116
Acquisition of Linear (Note 6)	1,647			10,532,272
Goodwill adjustment related to other acquisitions (1)	36,558			4,198
Foreign currency translation adjustment	(3,056		)	1,869
Balance at end of year	$	12,252,604		$	12,217,455

(1) Represents goodwill related to other acquisitions that were not material to the Company on either an individual or aggregate basis.

Intangible Assets

As of November 3, 2018 and October 28, 2017, the Company’s intangible assets consisted of the following:



	November 3, 2018				October 28, 2017
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	4,697,716	$	867,207	$	4,683,461	$	449,369
Technology-based	1,114,080		243,350		1,097,025		101,920
Trade-name	74,031		17,846		72,800		6,906
IPR&D	20,768		—		24,334		—
Total (1) (2)	$	5,906,595	$	1,128,403	$	5,877,620	$	558,195

________

(1) Foreign intangible asset carrying amounts are affected by foreign currency translation.

Schedule of expected annual amortization expense

The Company expects annual amortization expense for intangible assets as follows:



Fiscal Year	Amortization Expense
2019	$	569,314
2020	$	568,665
2021	$	568,005
2022	$	565,075
2023	$	541,877

Fair value of hedging instruments

The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s consolidated balance sheets as of November 3, 2018 and October 28, 2017 were as follows:



		Fair Value At
	Balance Sheet Location	November 3, 2018		October 28, 2017
Forward foreign currency exchange contracts	Prepaid expenses and other current assets	$	—	$	257
Forward foreign currency exchange contracts	Accrued liabilities	$	6,934	$	—

Offsetting Assets Liabilities

The following table presents the gross amounts of the Company's derivative assets and liabilities and the net amounts recorded in the Company's consolidated balance sheet as of November 3, 2018 and October 28, 2017:



	November 3, 2018			October 28, 2017
Gross amount of recognized liabilities	$	(8,054	)	$	(5,039	)
Gross amounts of recognized assets offset in the consolidated balance sheet	904			3,512
Net liabilities presented in the consolidated balance sheet	$	(7,150	)	$	(1,527	)

Fair value of financial assets and liabilities



	November 3, 2018
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds	$	394,076	$	—	$	—	$	394,076
Corporate obligations (1)	—		204,886		—		204,886
Other assets:
Deferred compensation investments	41,001		—		—		41,001
Interest rate derivatives	—		1,436		—		1,436
Total assets measured at fair value	$	435,077	$	206,322	$	—	$	641,399
Liabilities
Forward foreign currency exchange contracts (2)	—		7,150		—		7,150
Total liabilities measured at fair value	$	—	$	7,150	$	—	$	7,150


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of November 3, 2018 was $205.0 million.


(2)	The Company has netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of these Notes to Consolidated Financial Statements for more information related to the Company's master netting arrangements.



	October 28, 2017
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds	$	512,882	$	—	$	—	$	512,882
Corporate obligations (1)	—		238,796		—		238,796
Other assets:
Deferred compensation investments	33,510		—		—		33,510
Interest rate derivatives	—		2,966		—		2,966
Total assets measured at fair value	$	546,392	$	241,762	$	—	$	788,154
Liabilities
Forward foreign currency exchange contracts (2)	—		1,527		—		1,527
Total liabilities measured at fair value	$	—	$	1,527	$	—	$	1,527


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of October 28, 2017 was $238.9 million.


(2)	The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, of these Notes to Consolidated Financial Statements for more information related to the Company's master netting arrangements.

Schedule of debt



	November 3, 2018				October 28, 2017
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
3-Year term loan	$	425,000	425,000		1,950,000		1,950,000
5-Year term loan	1,350,000		1,350,000		2,100,000		2,100,000
2020 Notes, due March 2020	300,000		298,147		—		—
2021 Notes, due January 2021	450,000		444,568		—		—
2021 Notes, due December 2021	400,000		386,375		400,000		399,530
2023 Notes, due June 2023	500,000		479,189		500,000		498,582
2023 Notes, due December 2023	550,000		529,120		550,000		554,411
2025 Notes, due December 2025	850,000		829,611		850,000		884,861
2026 Notes, due December 2026	900,000		848,027		900,000		902,769
2036 Notes, due December 2036	250,000		232,627		250,000		259,442
2045 Notes, due December 2045	400,000		407,984		400,000		460,588
Total Debt	$	6,375,000	$	6,230,648	$	7,900,000	$	8,010,183

The Company’s debt consisted of the following as of November 3, 2018 and October 28, 2017:



	November 3, 2018				October 28, 2017
	Principal		Unamortized discount and debt issuance costs		Principal		Unamortized discount and debt issuance costs
3-Year term loan	$	358,000	$	318	$	1,650,000	$	3,270
5-Year term loan	1,350,000		1,503		2,100,000		4,727
2020 Notes, due March 2020	300,000		1,273		—		—
2021 Notes, due January 2021	450,000		3,344		—		—
2021 Notes, due December 2021	400,000		2,830		400,000		3,756
2023 Notes, due June 2023	500,000		2,813		500,000		3,434
2023 Notes, due December 2023	550,000		4,499		550,000		5,392
2025 Notes, due December 2025	850,000		6,262		850,000		7,154
2026 Notes, due December 2026	900,000		10,361		900,000		11,655
2036 Notes, due December 2036	250,000		3,778		250,000		3,983
2045 Notes, due December 2045	400,000		5,345		400,000		5,545
Total Long-Term Debt	$	6,308,000	$	42,326	$	7,600,000	$	48,916
3-Year term loan, current	67,000		—		300,000		—
Total Current Debt	$	67,000	$	—	$	300,000	$	—
Total Debt	$	6,375,000	$	42,326	$	7,900,000	$	48,916

Components of accumulated other comprehensive (loss)

The components of accumulated other comprehensive loss at November 3, 2018 and October 28, 2017 consisted of the following, net of tax:



	Foreign currency translation adjustment			Unrealized holding gains on available for sale securities			Unrealized holding (losses) on available for sale securities			Unrealized holding Gains on Derivatives			Pension Plans			Total
October 28, 2017	$	(22,489	)	$	1		$	(1	)	$	(10,879	)	$	(27,991	)	$	(61,359	)
Other comprehensive income before reclassifications	(6,222		)	(2		)	(8		)	(1,447		)	13,358			5,679
Amounts reclassified out of other comprehensive income	—			—			—			(1,707		)	1,632			(75		)
Tax effects	—			—			—			(322		)	(2,363		)	(2,685		)
Other comprehensive income	(6,222		)	(2		)	(8		)	(3,476		)	12,627			2,919
November 3, 2018	$	(28,711	)	$	(1	)	$	(9	)	$	(14,355	)	$	(15,364	)	$	(58,440	)

Reclassification out of accumulated other comprehensive income

The amounts reclassified out of accumulated other comprehensive loss into the consolidated statement of income, with presentation location during each period were as follows:



	2018			2017
Comprehensive Income Component							Location
Unrealized holding (losses) gains on derivatives
Currency forwards	$	396		$	2,188		Cost of sales
	(462		)	330			Research and development
	(317		)	927			Selling, marketing, general and administrative
Interest rate derivatives	(1,324		)	2,080			Interest expense
	(1,707		)	5,525			Total before tax
	94			(1,326		)	Tax
	$	(1,613	)	$	4,199		Net of tax

Amortization of pension components
Transition obligation	$	10		$	14		(a)
Prior service credit and curtailment recognition	1			(9		)	(a)
Actuarial losses and settlement recognition	1,621			1,865			(a)
	1,632			1,870			Total before tax
	(395		)	(400		)	Tax
	$	1,237		$	1,470		Net of tax

Total amounts reclassified out of accumulated other comprehensive income, net of tax	$	(376	)	$	5,669

______________

Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share:



	2018		2017		2016
Net Income	$	1,495,432	$	727,259	$	861,664
Less: income allocated to participating securities	5,909		2,243		—
Net income allocated to common shareholders	1,489,523		725,016		861,664

Basic shares:
Weighted-average shares outstanding	370,430		346,371		308,736
Earnings per common share basic	$	4.02	$	2.09	$	2.79

Diluted shares:
Weighted-average shares outstanding	370,430		346,371		308,736
Assumed exercise of common stock equivalents	4,508		4,113		3,572
Weighted-average common and common equivalent shares	374,938		350,484		312,308
Earnings per common share diluted	$	3.97	$	2.07	$	2.76
Anti-dilutive shares related to:
Outstanding stock options	1,649		1,527		3,077

Stock-Based Compensation and Shareholders' Equity (Tables)

12 Months Ended

Nov. 03, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Information pertaining to the Company's stock option awards and the related estimated weighted-average assumptions used to calculate the fair value of stock options granted



Stock Options	2018			2017			2016
Options granted (in thousands)	603			1,480			1,814
Weighted-average exercise price		$90.98			$82.99			$55.19
Weighted-average grant-date fair value		$20.82			$17.12			$12.67
Assumptions:
Weighted-average expected volatility	27.7		%	26.4		%	34.0		%
Weighted-average expected term (in years)	5.0			5.1			5.1
Weighted-average risk-free interest rate	2.6		%	2.1		%	1.4		%
Weighted-average expected dividend yield	2.1		%	2.2		%	3.0		%

Summary of the activity under the Company's stock option plans

A summary of the activity under the Company’s stock option plans as of November 3, 2018 and changes during the fiscal year then ended is presented below:



	Options Outstanding (in thousands)		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding at October 28, 2017	9,347			$52.27
Options granted	603			$90.98
Options exercised	(2,382	)		$41.85
Options forfeited	(264	)		$65.20
Options expired	(7	)		$30.58
Options outstanding at November 3, 2018	7,297			$58.42	6.0		$212,151
Options exercisable at November 3, 2018	4,089			$48.93	4.8		$156,474
Options vested or expected to vest at November 3, 2018 (1)	7,076			$57.89	6.0		$209,396


(1)	In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. The number of options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.

Summary of the company's restricted stock unit award activity

A summary of the Company’s restricted stock unit award activity as of November 3, 2018 and changes during the fiscal year then ended is presented below:



	Restricted Stock Units/Awards Outstanding (in thousands)		Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units/awards outstanding at October 28, 2017	5,680			$71.88
Units/Awards granted	1,668			$87.88
Restrictions lapsed	(1,616	)		$69.90
Forfeited	(443	)		$70.61
Restricted stock units/awards outstanding at November 3, 2018	5,289			$77.54

Industry, Segment And Geographic Information (Tables)

12 Months Ended

Nov. 03, 2018

Segment Reporting [Abstract]

Revenue Trends by End Market



	2018				2017				2016
	Revenue		% of Total Product Revenue		Revenue		% of Total Product Revenue		Revenue		% of Total Product Revenue*
Industrial	$	3,102,508	50	%	$	2,342,404	46	%	$	1,478,452	43	%
Automotive	988,741		16	%	803,211		16	%	558,631		16	%
Consumer	856,778		14	%	1,044,697		20	%	688,176		20	%
Communications	1,252,915		20	%	917,191		18	%	696,150		20	%
Total Revenue	$	6,200,942	100	%	$	5,107,503	100	%	$	3,421,409	100	%

* The sum of the individual percentages may not equal the total due to rounding.

Revenue Trends and Property, Plant and Equipment by Geographic Region

Geographic Information



	2018		2017		2016
Revenue
United States	$	2,105,662	$	1,999,041	$	1,299,629
Rest of North and South America	103,401		103,077		95,957
Europe	1,471,689		1,211,435		924,849
Japan	716,276		506,114		291,649
China	1,210,042		842,532		575,690
Rest of Asia	593,872		445,304		233,635
Subtotal all foreign countries	4,095,280		3,108,462		2,121,780
Total revenue	$	6,200,942	$	5,107,503	$	3,421,409
Property, plant and equipment
United States	$	505,646	$	504,968	$	236,625
Ireland	202,611		188,728		174,952
Philippines	260,355		228,629		194,587
Singapore	80,383		77,015		—
Malaysia	57,514		71,756		—
All other countries	47,819		36,208		29,952
Subtotal all foreign countries	648,682		602,336		399,491
Total property, plant and equipment	$	1,154,328	$	1,107,304	$	636,116

Special Charges (Tables)

12 Months Ended

Nov. 03, 2018

Restructuring and Related Activities [Abstract]

Summary of the Company's accrued restructuring

The following table displays a roll-forward from October 31, 2015 to November 3, 2018 of the employee separation and exit cost accruals established related to these actions.



Accrued Restructuring	Closure of Manufacturing Facilities			Reduction of Operating Costs Action			Early Retirement Action
Balance at October 31, 2015	$	—		$	5,877		$	—
Fiscal 2016 special charges	—			13,684			—
Severance payments	—			(7,184		)	—
Effect of foreign currency on accrual	—			(3		)	—
Balance at October 29, 2016	$	—		$	12,374		$	—
Fiscal 2017 special charges	—			8,126			41,337
Severance payments	—			(15,764		)	(9,126		)
Effect of foreign currency on accrual	—			401			—
Balance at October 28, 2017	$	—		$	5,137		$	32,211
Fiscal 2018 special charges	44,452			16,866			—
Severance payments	—			(16,785		)	(22,314		)
Effect of foreign currency on accrual	(1,478		)	37			—
Balance at November 3, 2018	$	42,974		$	5,255		$	9,897

Acquisitions (Tables)

12 Months Ended

Nov. 03, 2018

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The Acquisition Date fair value of the consideration transferred in the Acquisition consisted of the following:



(in thousands)
Cash consideration (a)	$	11,092,047
Issuance of common stock (b)	4,593,655
Fair value of replacement share-based and cash awards (c)	70,954
Total estimated purchase consideration	$	15,756,656

_______________

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

During fiscal 2018, the Company completed the acquisition accounting for the Acquisition. The following is a summary of the amounts recognized in accounting for the Acquisition:



(in thousands)
Cash and cash equivalents	$	1,466,445
Marketable securities	100,246
Accounts receivable (a)	143,542
Inventories	461,695
Prepaid expenses and other assets	14,782
Property, plant and equipment	462,285
Intangible assets (Note 2f)	5,157,300
Goodwill (Note 2f)	10,533,919
Total assets	18,340,214
Assumed liabilities	190,925
Deferred tax liabilities	2,392,633
Total estimated purchase consideration	$	15,756,656

____________


(a)	The fair value of accounts receivable was $143.5 million, with the gross contractual amount being $145.2 million, of which the Company estimates that $1.7 million is uncollectible.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination



	Fair Value (in thousands)		Weighted Average Useful Lives (in Years)
Technology-based	$	1,046,100	8
Trade name	72,200		7
Customer relationships	4,039,000		12
Total amortizable intangible assets	$	5,157,300	11

Schedule of Business Acquisitions, by Acquisition



(thousands, except per share data)	Pro Forma Twelve Months Ended
	October 28, 2017		October 29, 2016
Revenue	$	5,702,841	$	4,842,658
Net income	$	1,061,684	$	360,880
Basic net income per common share	$	2.88	$	0.99
Diluted net income per common share	$	2.84	$	0.97

Accrued Liabilities (Tables)

12 Months Ended

Nov. 03, 2018

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities at November 3, 2018 and October 28, 2017 consisted of the following:



	2018		2017
Accrued compensation and benefits	$	254,932	$	271,321
Accrued interest (Note 14)	64,974		59,400
Accrued restructuring (Note 5)	15,153		37,348
Other	162,021		130,757
Total accrued liabilities	$	497,080	$	498,826

Lease Commitments (Tables)

12 Months Ended

Nov. 03, 2018

Leases [Abstract]

Schedule of future minimum rental payments required under long-term operating leases

The following is a schedule of future minimum rental payments required under long-term operating leases at November 3, 2018:



	Operating
Fiscal Years	Leases
2019	$	39,293
2020	49,069
2021	37,135
2022	32,395
2023	30,871
Later Years	201,489
Total	$	390,252

Retirement Plans (Tables)

12 Months Ended

Nov. 03, 2018

Retirement Benefits [Abstract]

Schedule of net periodic pension cost of non-U.S. plans

Net annual periodic pension cost of non-U.S. plans for fiscal 2018, fiscal 2017 and fiscal 2016 is presented in the following table:



	2018			2017			2016
Service cost	$	6,891		$	6,688		$	5,520
Interest cost	3,984			3,581			3,675
Expected return on plan assets	(4,559		)	(4,086		)	(3,764		)
Amortization of prior service cost	10			14			—
Amortization of transition obligation	1			(9		)	17
Recognized actuarial loss	1,621			1,865			679
Subtotal	$	7,948		$	8,053		$	6,127
Settlement impact	—			—			151
Net periodic pension cost	$	7,948		$	8,053		$	6,278

Schedule of obligation and asset data of the Company's non-US plans

Obligation and asset data of the Company’s non-U.S. plans at November 3, 2018 and October 28, 2017 is presented in the following table:



	2018			2017
Change in Benefit Obligation
Benefit obligation at beginning of year	$	139,516		$	129,711
Service cost	6,891			6,688
Interest cost	3,984			3,581
Plan amendments	—			176
Actuarial gain	(20,406		)	(2,615		)
Benefits paid	(4,301		)	(2,663		)
Exchange rate adjustment	(2,146		)	4,638
Benefit obligation at end of year	$	123,538		$	139,516
Change in Plan Assets
Fair value of plan assets at beginning of year	$	79,616		$	69,823
Actual return on plan assets	(2,626		)	5,420
Employer contributions	13,793			4,995
Benefits paid	(4,301		)	(2,663		)
Exchange rate adjustment	(1,827		)	2,041
Fair value of plan assets at end of year	$	84,655		$	79,616
Reconciliation of Funded Status
Funded status	$	(38,883	)	$	(59,900	)
Amounts Recognized in the Balance Sheet
Non-current assets	$	6,569		$	—
Current liabilities	(767		)	(733		)
Non-current liabilities	(44,685		)	(59,167		)
Net amount recognized	$	(38,883	)	$	(59,900	)



	2018			2017
Reconciliation of Amounts Recognized in the Statement of Financial Position
Initial net obligation	$	—		$	(10	)
Prior service credit	(44		)	(45		)
Net loss	(20,800		)	(35,779		)
Accumulated other comprehensive loss	(20,844		)	(35,834		)
Accumulated contributions less than net periodic benefit cost	(18,039		)	(24,066		)
Net amount recognized	$	(38,883	)	$	(59,900	)
Changes Recognized in Other Comprehensive Income
Changes in plan assets and benefit obligations recognized in other comprehensive income
Prior service cost	$	—		$	176
Net loss arising during the year (includes curtailment gains not recognized as a component of net periodic cost)	$	(13,220	)	$	(3,949	)
Effect of exchange rates on amounts included in accumulated other comprehensive income (loss)	(138		)	1,952
Amounts recognized as a component of net periodic benefit cost
Amortization, settlement or curtailment recognition of net transition obligation	(10		)	(14		)
Amortization or curtailment recognition of prior service credit (cost)	(1		)	9
Amortization or settlement recognition of net loss	(1,621		)	(1,865		)
Total recognized in other comprehensive loss	$	(14,990	)	$	(3,691	)
Total recognized in net periodic cost and other comprehensive loss	$	(7,042	)	$	4,362
Estimated amounts that will be amortized from accumulated other comprehensive (loss) income over the next fiscal year
Initial net obligation	$	—		$	(10	)
Prior service credit	(2		)	(2		)
Net loss	(1,015		)	(1,582		)
Total	$	(1,017	)	$	(1,594	)

Schedule of accumulated and projected benefit obligation in excess of plan assets



	2018		2017
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligation	$	46,626	$	139,516
Fair value of plan assets	$	1,174	$	79,616
Plans with accumulated benefit obligations in excess of plan assets:
Projected benefit obligation	$	46,626	$	109,261
Accumulated benefit obligation	$	41,701	$	103,470
Fair value of plan assets	$	1,174	$	53,747

Schedule of weighted average assumptions used

The projected benefit obligation was determined using the following weighted-average assumptions:



	2018		2017
Discount rate	3.53	%	3.02	%
Rate of increase in compensation levels	3.26	%	3.18	%

Net annual periodic pension cost was determined using the following weighted average assumptions:



	2018		2017
Discount rate	3.02	%	2.92	%
Expected long-term return on plan assets	5.54	%	5.58	%
Rate of increase in compensation levels	3.18	%	3.36	%

Plan assets measured at fair value on a recurring basis by investment categories



	November 3, 2018						October 28, 2017
	Fair Value Measurement at Reporting Date Using:						Fair Value Measurement at Reporting Date Using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Unit trust funds(1)	$	—	$	2,549	$	2,549	$	—	$	1,676	$	1,676
Equities(1)	3,437		35,221		38,658		4,701		32,589		37,290
Fixed income securities(2)	—		42,312		42,312		—		39,442		39,442
Cash and cash equivalents	1,136		—		1,136		1,208		—		1,208
Total assets measured at fair value	$	4,573	$	80,082	$	84,655	$	5,909	$	73,707	$	79,616

_______________________________________

(1)


(2)	The majority of the assets in this category are invested in funds primarily concentrated in non-U.S. debt instruments. The funds are valued using the net asset value method in which an average of the market prices for underlying investments is used to value the fund.

Schedule of expected company contributions and estimated future benefit payments

Expected fiscal 2019 Company contributions and estimated future benefit payments are as follows:



Expected Company Contributions
2019	$	4,149
Expected Benefit Payments
2020	$	2,580
2021	$	2,063
2022	$	2,212
2023	$	2,792
2024	$	3,247
2025 through 2028	$	21,966

Income Taxes (Tables)

12 Months Ended

Nov. 03, 2018

Income Tax Disclosure [Abstract]

Schedule of income tax provision reconciliation

The reconciliation of income tax computed at the U.S. federal statutory rates to income tax expense for fiscal 2018, fiscal 2017 and fiscal 2016 is as follows:



	2018			2017			2016
U.S. federal statutory tax rate	23.4		%	35.0		%	35.0		%
Income tax provision reconciliation:
Tax at statutory rate:	$	383,413		$	289,970		$	334,922
Net foreign income subject to lower tax rate	(434,834		)	(385,189		)	(264,157		)
State income taxes, net of federal benefit	4,015			(8,801		)	(10,821		)
Valuation allowance	2,232			(7,778		)	13,658
Federal research and development tax credits	(33,602		)	(16,475		)	(16,237		)
Change in uncertain tax positions	(32,945		)	(51,088		)	4,797
Amortization of purchased intangibles	213,198			159,466			35,641
Acquisition and integration costs	—			109,040			—
Taxes attributable to the Tax Cuts and Jobs Act of 2017	70,029			—			—
Windfalls (Under ASU 2016-09)	(26,237		)	—			—
Other, net	(2,184		)	12,081			(2,546		)
Total income tax provision	$	143,085		$	101,226		$	95,257

Schedule of income before income tax domestic and foreign

For financial reporting purposes, income before income taxes for fiscal 2018, fiscal 2017 and fiscal 2016 includes the following components:



	2018		2017		2016
Pretax income:
Domestic	$	590,190	$	109,565	$	2,642
Foreign	1,048,327		718,920		954,279
Income before income taxes	$	1,638,517	$	828,485	$	956,921

Schedule of components of the provision for income taxes

The components of the provision for income taxes for fiscal 2018, fiscal 2017 and fiscal 2016 are as follows:



	2018			2017			2016
Current:
Federal tax	$	826,294		$	857,664		$	27,790
State	5,917			7,335			1,409
Foreign	47,633			62,096			57,934
Total current	$	879,844		$	927,095		$	87,133
Deferred:
Federal	$	(744,260	)	$	(795,478	)	$	325
State	806			(24,285		)	2,820
Foreign	6,695			(6,106		)	4,979
Total deferred	$	(736,759	)	$	(825,869	)	$	8,124

Schedule of deferred tax assets and liabilities

The significant components of the Company’s deferred tax assets and liabilities for fiscal 2018 and fiscal 2017 are as follows:



	2018			2017
Deferred tax assets:
Inventory reserves	$	22,184		$	28,137
Deferred income on shipments to distributors	46,168			62,923
Reserves for compensation and benefits	39,185			84,096
Tax credit carryovers	112,851			68,317
Stock-based compensation	53,105			99,815
Depreciation	1,707			2,659
Net operating losses	5,997			11,158
Acquisition-related costs	—			3,384
Other	34,031			34,737
Total gross deferred tax assets	315,228			395,226
Valuation allowance	(82,280		)	(53,787		)
Total deferred tax assets	232,948			341,439
Deferred tax liabilities:
Depreciation	(37,023		)	(64,868		)
Undistributed earnings of foreign subsidiaries	—			(64,067		)
Acquisition-related intangibles	(1,099,998		)	(1,851,818		)
Other	(1,914		)	(3,047		)
Total gross deferred tax liabilities	(1,138,935		)	(1,983,800		)
Net deferred tax liabilities	$	(905,987	)	$	(1,642,361	)

Schedule of changes in unrealized tax benefits

The following table summarizes the changes in the total amounts of unrealized tax benefits for fiscal 2016 through fiscal 2018:



	Unrealized Tax Benefits
Balance, October 31, 2015	$	71,782
Additions for tax positions related to current year	2,539
Reductions for tax positions related to prior years	(4,475		)
Reductions due to lapse of applicable statute of limitations	(1,311		)
Balance, October 29, 2016	$	68,535
Additions for tax positions related to current year	1,742
Additions for tax positions related to acquisition	12,332
Reductions for tax positions related to prior years	(43,186		)
Reductions due to lapse of applicable statute of limitations	(1,566		)
Balance, October 28, 2017	$	37,857
Additions for tax positions related to current year	1,334
Reductions for tax positions related to prior years	(295		)
Reductions due to lapse of applicable statute of limitations	(25,640		)
Balance, November 3, 2018	$	13,256

Debt (Tables)

12 Months Ended

Nov. 03, 2018

Debt Disclosure [Abstract]

Schedule of debt



	November 3, 2018				October 28, 2017
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
3-Year term loan	$	425,000	425,000		1,950,000		1,950,000
5-Year term loan	1,350,000		1,350,000		2,100,000		2,100,000
2020 Notes, due March 2020	300,000		298,147		—		—
2021 Notes, due January 2021	450,000		444,568		—		—
2021 Notes, due December 2021	400,000		386,375		400,000		399,530
2023 Notes, due June 2023	500,000		479,189		500,000		498,582
2023 Notes, due December 2023	550,000		529,120		550,000		554,411
2025 Notes, due December 2025	850,000		829,611		850,000		884,861
2026 Notes, due December 2026	900,000		848,027		900,000		902,769
2036 Notes, due December 2036	250,000		232,627		250,000		259,442
2045 Notes, due December 2045	400,000		407,984		400,000		460,588
Total Debt	$	6,375,000	$	6,230,648	$	7,900,000	$	8,010,183

The Company’s debt consisted of the following as of November 3, 2018 and October 28, 2017:



	November 3, 2018				October 28, 2017
	Principal		Unamortized discount and debt issuance costs		Principal		Unamortized discount and debt issuance costs
3-Year term loan	$	358,000	$	318	$	1,650,000	$	3,270
5-Year term loan	1,350,000		1,503		2,100,000		4,727
2020 Notes, due March 2020	300,000		1,273		—		—
2021 Notes, due January 2021	450,000		3,344		—		—
2021 Notes, due December 2021	400,000		2,830		400,000		3,756
2023 Notes, due June 2023	500,000		2,813		500,000		3,434
2023 Notes, due December 2023	550,000		4,499		550,000		5,392
2025 Notes, due December 2025	850,000		6,262		850,000		7,154
2026 Notes, due December 2026	900,000		10,361		900,000		11,655
2036 Notes, due December 2036	250,000		3,778		250,000		3,983
2045 Notes, due December 2045	400,000		5,345		400,000		5,545
Total Long-Term Debt	$	6,308,000	$	42,326	$	7,600,000	$	48,916
3-Year term loan, current	67,000		—		300,000		—
Total Current Debt	$	67,000	$	—	$	300,000	$	—
Total Debt	$	6,375,000	$	42,326	$	7,900,000	$	48,916

Supplementary Financial Information (Tables)

12 Months Ended

Nov. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information



	4Q18		3Q18		2Q18		1Q18		4Q17		3Q17		2Q17		1Q17
Revenue	1,596,586		1,572,679		1,513,053		1,518,624		1,541,170		1,433,902		1,147,982		984,449
Cost of sales	502,932		502,033		479,241		483,434		535,145		667,278		507,539		335,945
Gross margin	1,093,654		1,070,646		1,033,812		1,035,190		1,006,025		766,624		640,443		648,504
% of Revenue	68.5	%	68.1	%	68.3	%	68.2	%	65.3	%	53.5	%	55.8	%	65.9	%
Research and development	295,699		291,642		289,472		288,597		273,746		275,670		235,232		183,954
Selling, marketing, general and administrative	175,396		171,487		172,146		176,908		185,721		183,980		190,686		130,659
Special charges (a)	1,842		1,069		1,089		57,318		—		—		—		49,463
Amortization of intangibles	107,345		107,409		107,129		107,019		98,348		112,153		68,690		18,160
Total operating expenses	580,282		571,607		569,836		629,842		557,815		571,803		494,608		382,236
Operating income	513,372		499,039		463,976		405,348		448,210		194,821		145,835		266,268
% of Revenue	32	%	32	%	31	%	27	%	29	%	14	%	13	%	27	%
Nonoperating (income) expenses:
Interest expense (b)	59,102		61,665		64,792		68,030		63,517		73,073		71,636		42,614
Interest income	(2,791	)	(2,588	)	(1,912	)	(2,092	)	(2,388	)	(5,524	)	(12,421	)	(10,000	)
Other, net	(461	)	(632	)	(451	)	556		5,417		474		(94	)	345
Total nonoperating (income) expense	55,850		58,445		62,429		66,494		66,546		68,023		59,121		32,959
Income before income taxes	457,522		440,594		401,547		338,854		381,664		126,798		86,714		233,309
% of Revenue	29	%	28	%	27	%	22	%	25	%	9	%	8	%	24	%
Provision (benefit) for income taxes (c)	24,557		26,130		21,716		70,682		34,014		57,882		(6,850	)	16,180
Net income	432,965		414,464		379,831		268,172		347,650		68,916		93,564		217,129
% of Revenue	27	%	26	%	25	%	18	%	23	%	5	%	8	%	22	%
Net income allocable to common shares (d)	431,621		412,938		378,299		266,929		345,876		67,935		93,564		217,129
Basic earnings per common share	1.16		1.11		1.02		0.72		0.94		0.18		0.27		0.70
Diluted earnings per common share	1.15		1.10		1.01		0.71		0.93		0.18		0.27		0.69
Shares used to compute earnings per share (in thousands):
Basic	371,074		371,315		370,384		369,093		368,043		367,315		341,316		308,786
Diluted	375,116		375,815		374,778		374,189		372,053		371,159		345,654		313,076
Dividends declared per share	0.48		0.48		0.48		0.45		0.45		0.45		0.45		0.42

Summary of Significant Accounting Policies - Principles of Consolidation (Details) $ in Thousands		12 Months Ended
	Mar. 10, 2017 USD ($)	Nov. 03, 2018 USD ($) week	Oct. 28, 2017 USD ($) week	Oct. 29, 2016 USD ($) week
Accounting Policies [Line Items]
Excess tax benefit from share-based compensation, operating activities			$ 41,800	$ 10,500
Excess tax benefit from share-based compensation, financing activities			$ 42,000	$ 10,500
Fiscal year term \| week		53	52	52
Excess tax benefit		$ 26,200
Minimum [Member]
Accounting Policies [Line Items]
Fiscal year term \| week		52
Maximum [Member]
Accounting Policies [Line Items]
Fiscal year term \| week		53
Linear Technology Corporation [Member]
Accounting Policies [Line Items]
Consideration transferred	$ 15,756,656
Total estimated purchase consideration	11,092,047
Equity interests issued and issuable	4,593,655
Replacement of outstanding equity award	$ 70,954

Summary of Significant Accounting Policies - Cash, Cash Equivalents and Short-Term Investments (Details) $ in Thousands	Nov. 03, 2018 USD ($) Investment_Security	Oct. 28, 2017 USD ($) Investment_Security	Oct. 29, 2016 USD ($)	Oct. 31, 2015 USD ($)
Cash and Cash Equivalents and Short-Term Investments [Line Items]
Total number of investment securities \| Investment_Security	15	18
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions \| Investment_Security	15	8
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	$ 205,000	$ 143,900
Cash and cash equivalents:
Cash	147,629	226,160
Total cash and cash equivalents	816,591	1,047,838	$ 921,132	$ 884,353
Available-for-sale [Member]
Cash and cash equivalents:
Cash equivalents	598,962	751,678
Held-to-maturity [Member]
Cash and cash equivalents:
Cash equivalents	$ 70,000	$ 70,000

Summary of Significant Accounting Policies - Supplemental Cash Flow Statement Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Cash paid during the fiscal year for:
Income taxes	$ 211,473	$ 868,492	$ 77,918
Interest	$ 233,436	$ 183,117	$ 41,701

Summary of Significant Accounting Policies - Inventories (Details) - USD ($)
$ in Thousands

Nov. 03, 2018

Oct. 28, 2017

Inventories

Raw materials

$ 30,511

$ 35,436

Work in process

375,908

376,476

Finished goods

180,341

138,904

Total inventories

^[1]

$ 586,760

$ 550,816

[1]	Includes $7,128 and $5,373 related to stock-based compensation at November 3, 2018 and October 28, 2017, respectively.

Summary of Significant Accounting Policies - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Useful lives of property, plant and equipment
Depreciation expense	$ 228,525	$ 194,666	$ 134,540
Buildings & building equipment [Member]
Useful lives of property, plant and equipment
Maximum	30 years
Machinery & equipment [Member]
Useful lives of property, plant and equipment
Property, plant and equipment, useful life, minimum	3 years
Property, plant and equipment, useful life, maximum	10 years
Office equipment [Member]
Useful lives of property, plant and equipment
Property, plant and equipment, useful life, minimum	3 years
Property, plant and equipment, useful life, maximum	10 years
Leasehold improvements [Member]
Useful lives of property, plant and equipment
Property, plant and equipment, useful life, minimum	7 years
Property, plant and equipment, useful life, maximum	20 years

Summary of Significant Accounting Policies - Goodwill (Details) $ in Thousands	12 Months Ended
	Nov. 03, 2018 USD ($)	Oct. 28, 2017 USD ($)
Business Acquisition [Line Items]
Number of reporting units	8
Changes in goodwill
Balance at beginning of year	$ 12,217,455	$ 1,679,116
Foreign currency translation adjustment	(3,056)	1,869
Balance at end of year	12,252,604	12,217,455
Linear Technology Corporation [Member]
Changes in goodwill
Acquisition	1,647	10,532,272
Other Acquisitions [Member]
Changes in goodwill
Acquisition	$ 36,558	$ 4,198

Summary of Significant Accounting Policies - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 1,128,403	$ 558,195
Gross Carrying Amount	5,906,595	5,877,620
Amortization of intangibles	$ 570,538	389,393	$ 75,250
Weighted average useful lives (in years)	4 years 7 months
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2019	$ 569,314
2020	568,665
2021	568,005
2022	565,075
2023	541,877
IPR&D [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	20,768	24,334
Customer Relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,697,716	4,683,461
Accumulated Amortization	867,207	449,369
Technology-based [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,114,080	1,097,025
Accumulated Amortization	243,350	101,920
Trade Names [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	74,031	72,800
Accumulated Amortization	$ 17,846	$ 6,906

Summary of Significant Accounting Policies - Derivatives Textual (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Derivative [Line Items]
Contracts period	one year or less
Fair value hedge liabilities		$ 1.8
Cash flow hedge gain (loss) to be reclassified within twelve months	$ 4.7
Forward Contracts [Member]
Derivative [Line Items]
Notional amount of cash flow hedges	194.4	194.3
Derivative, notional amount	$ 40.6	$ 100.4

Summary of Significant Accounting Policies - Derivative Instruments Designated as Cash Flow Hedges (Details) - Forward foreign currency exchange contracts [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Prepaid Expenses and Other Current Assets [Member]
Effect of derivative instruments designated as cash flow hedges
Balance sheet location, forward foreign currency exchange contracts	Prepaid expenses and other current assets
Forward foreign currency exchange contracts, asset	$ 0	$ 257
Accrued Liabilities [Member]
Effect of derivative instruments designated as cash flow hedges
Balance sheet location, forward foreign currency exchange contracts	Accrued liabilities
Forward foreign currency exchange contracts, liability	$ 6,934	$ 0

Summary of Significant Accounting Policies - Derivative Fair Value of Hedging Instruments (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 28, 2017
Accounting Policies [Abstract]
Gross amount of recognized liabilities	$ (8,054)	$ (5,039)
Gross amounts of recognized assets offset in the consolidated balance sheet	904	3,512
Net liabilities presented in the consolidated balance sheet	$ (7,150)	$ (1,527)

Summary of Significant Accounting Policies - Fair Value Textual (Details) - USD ($) $ in Millions	Nov. 03, 2018	Oct. 28, 2017
Accounting Policies [Abstract]
Cash and held to maturity investments	$ 217.6	$ 296.2

Summary of Significant Accounting Policies - Fair Value Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 28, 2017
Long-term debt
Forward foreign currency exchange contracts		$ 0
Recurring [Member]
Other Assets
Deferred compensation investments	$ 41,001	33,510
Interest rate derivative assets, at fair value	1,436	2,966
Total assets measured at fair value	641,399	788,154
Long-term debt
Forward foreign currency exchange contracts	7,150	1,527
Total liabilities measured at fair value	7,150	1,527
Available-for-sale, amortized cost basis	205,000	238,900
Recurring [Member] \| Institutional Money Market Funds [Member]
Available-for-sale:
Cash equivalents	394,076	512,882
Recurring [Member] \| Corporate Obligations [Member]
Available-for-sale:
Cash equivalents	204,886	238,796
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Other Assets
Deferred compensation investments	41,001	33,510
Interest rate derivative assets, at fair value	0	0
Total assets measured at fair value	435,077	546,392
Long-term debt
Forward foreign currency exchange contracts	0
Total liabilities measured at fair value	0	0
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Institutional Money Market Funds [Member]
Available-for-sale:
Cash equivalents	394,076	512,882
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Corporate Obligations [Member]
Available-for-sale:
Cash equivalents	0	0
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Other Assets
Deferred compensation investments	0	0
Interest rate derivative assets, at fair value	1,436	2,966
Total assets measured at fair value	206,322	241,762
Long-term debt
Forward foreign currency exchange contracts	7,150	1,527
Total liabilities measured at fair value	7,150	1,527
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Institutional Money Market Funds [Member]
Available-for-sale:
Cash equivalents	0	0
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Corporate Obligations [Member]
Available-for-sale:
Cash equivalents	204,886	238,796
Recurring [Member] \| Unobservable Inputs (Level 3) [Member]
Other Assets
Deferred compensation investments	0	0
Interest rate derivative assets, at fair value	0	0
Total assets measured at fair value	0	0
Long-term debt
Forward foreign currency exchange contracts	0
Total liabilities measured at fair value	0	0
Recurring [Member] \| Unobservable Inputs (Level 3) [Member] \| Institutional Money Market Funds [Member]
Available-for-sale:
Cash equivalents	0	0
Recurring [Member] \| Unobservable Inputs (Level 3) [Member] \| Corporate Obligations [Member]
Available-for-sale:
Cash equivalents	$ 0	$ 0

Summary of Significant Accounting Policies - Fair Value Outstanding Debt (Details) - USD ($)	Nov. 03, 2018	Oct. 28, 2017
Debt Instrument [Line Items]
Principal	$ 6,375,000,000	$ 7,900,000,000
Fair Value	6,230,648,000	8,010,183,000
Unsecured Debt [Member] \| Unsecured Term Loan, Three Year [Member]
Debt Instrument [Line Items]
Principal	425,000,000	1,950,000,000
Fair Value	425,000,000	1,950,000,000
Long-term Debt [Member]
Debt Instrument [Line Items]
Principal	6,308,000,000	7,600,000,000
Long-term Debt [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Three Year [Member]
Debt Instrument [Line Items]
Principal	358,000,000	1,650,000,000
Long-term Debt [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Five Year [Member]
Debt Instrument [Line Items]
Principal	1,350,000,000	2,100,000,000
Fair Value	1,350,000,000	2,100,000,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 2.850% Unsecured Notes Due March 2020 [Member]
Debt Instrument [Line Items]
Principal	300,000,000	0
Fair Value	298,147,000	0
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 2.5% Unsecured Notes Due December 5,2021 [Member]
Debt Instrument [Line Items]
Principal		0
Fair Value	444,568,000	0
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 2.500% Unsecured Notes Due December 5, 2021 [Member]
Debt Instrument [Line Items]
Principal	400,000,000	400,000,000
Fair Value	386,375,000	399,530,000
Long-term Debt [Member] \| Senior Notes [Member] \| 2.875% Senior unsecured notes due June 1, 2023 [Member]
Debt Instrument [Line Items]
Principal	500,000,000	500,000,000
Fair Value	479,189,000	498,582,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 3.125% Unsecured Notes Due December 5, 2023 [Member]
Debt Instrument [Line Items]
Principal	550,000,000	550,000,000
Fair Value	529,120,000	554,411,000
Long-term Debt [Member] \| Senior Notes [Member] \| 2025 Notes [Member]
Debt Instrument [Line Items]
Principal	850,000,000	850,000,000
Fair Value	829,611,000	884,861,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 3.500% Unsecured Notes Due December 5, 2026 [Member]
Debt Instrument [Line Items]
Principal	900,000,000	900,000,000
Fair Value	848,027,000	902,769,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 4.500% Unsecured Notes Dues December 5, 2036 [Member]
Debt Instrument [Line Items]
Principal	250,000,000	250,000,000
Fair Value	232,627,000	259,442,000
Long-term Debt [Member] \| Senior Notes [Member] \| 2045 Notes [Member]
Debt Instrument [Line Items]
Principal	400,000,000	400,000,000
Fair Value	$ 407,984,000	$ 460,588,000

Summary of Significant Accounting Policies - Concentrations of Risk and Revenue Recognition (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Accounting Policies [Abstract]
Percentage of revenue to individual customer		14.00%	12.00%
Deferred income on shipments to distributors, gross	$ 603.8	$ 589.5
Deferred income on shipments to distributors, cost of sales	$ 116.4	$ 115.5
Standard product warranty term	12 months

Summary of Significant Accounting Policies - Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
AOCI Attribute to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 10,161,540
Other comprehensive income before reclassifications	5,679
Amounts reclassified out of other comprehensive income	(75)
Tax effects	(2,685)
Other comprehensive income (loss)	2,919	$ 12,455	$ (22,963)
Ending Balance	10,988,540	10,161,540
Accumulated Translation Adjustment [Member]
AOCI Attribute to Parent, Net of Tax [Roll Forward]
Beginning Balance	(22,489)
Other comprehensive income before reclassifications	(6,222)
Amounts reclassified out of other comprehensive income	0
Tax effects	0
Other comprehensive income (loss)	(6,222)
Ending Balance	(28,711)	(22,489)
Accumulated Net Investment Gain Attributable to Parent [Member]
AOCI Attribute to Parent, Net of Tax [Roll Forward]
Beginning Balance	1
Other comprehensive income before reclassifications	(2)
Amounts reclassified out of other comprehensive income	0
Tax effects	0
Other comprehensive income (loss)	(2)
Ending Balance	(1)	1
Accumulated Net Investment Loss Attributable to Parent [Member]
AOCI Attribute to Parent, Net of Tax [Roll Forward]
Beginning Balance	(1)
Other comprehensive income before reclassifications	(8)
Amounts reclassified out of other comprehensive income	0
Tax effects	0
Other comprehensive income (loss)	(8)
Ending Balance	(9)	(1)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
AOCI Attribute to Parent, Net of Tax [Roll Forward]
Beginning Balance	(10,879)
Other comprehensive income before reclassifications	(1,447)
Amounts reclassified out of other comprehensive income	(1,707)
Tax effects	(322)
Other comprehensive income (loss)	(3,476)
Ending Balance	(14,355)	(10,879)
Accumulated Defined Benefit Plans Adjustment [Member]
AOCI Attribute to Parent, Net of Tax [Roll Forward]
Beginning Balance	(27,991)
Other comprehensive income before reclassifications	13,358
Amounts reclassified out of other comprehensive income	1,632	1,870
Tax effects	(2,363)
Other comprehensive income (loss)	12,627
Ending Balance	(15,364)	(27,991)
AOCI Attributable to Parent [Member]
AOCI Attribute to Parent, Net of Tax [Roll Forward]
Beginning Balance	(61,359)	(73,814)	(50,851)
Ending Balance	$ (58,440)	$ (61,359)	$ (73,814)

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income - Reclassified Amounts (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Nov. 03, 2018

Aug. 04, 2018

May 05, 2018

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Jan. 28, 2017

Nov. 03, 2018

Oct. 28, 2017

Oct. 29, 2016

Accumulated Other Comprehensive Income (Loss) [Line Items]

$ 502,932

$ 502,033

$ 479,241

$ 483,434

$ 535,145

$ 667,278

$ 507,539

$ 335,945

$ 1,967,640

^[1]

$ 2,045,907

^[1]

$ 1,194,236

^[1]

295,699

291,642

289,472

288,597

273,746

275,670

235,232

183,954

1,165,410

^[1]

968,602

^[1]

653,816

^[1]

175,396

171,487

172,146

176,908

185,721

183,980

190,686

130,659

695,937

^[1]

691,046

^[1]

461,438

^[1]

59,102

^[2]

61,665

^[2]

64,792

^[2]

68,030

^[2]

63,517

^[2]

73,073

^[2]

71,636

^[2]

42,614

^[2]

253,589

250,840

88,757

457,522

440,594

401,547

338,854

381,664

126,798

86,714

233,309

1,638,517

828,485

956,921

Tax

$ (24,557)

^[3]

$ (26,130)

^[3]

$ (21,716)

^[3]

$ (70,682)

^[3]

$ (34,014)

^[3]

$ (57,882)

^[3]

$ 6,850

^[3]

$ (16,180)

^[3]

(143,085)

(101,226)

(95,257)

Net Income

1,495,432

727,259

$ 861,664

Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]

(75)

Net of tax

(376)

5,669

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Defined Benefit Plans Adjustment [Member]

(1,707)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member]

1,632

1,870

Tax

(395)

(400)

Net of tax

1,237

1,470

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]

(9)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]

1,621

1,865

Accumulated Other Comprehensive Income (Loss) [Line Items]

Net Income

(1,613)

4,199

Reclassification out of Accumulated Other Comprehensive Income [Member] | Foreign Exchange Contract [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

396

2,188

(462)

330

Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Contract [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]

(317)

927

Accumulated Other Comprehensive Income (Loss) [Line Items]

(1,324)

2,080

(1,707)

5,525

Tax

$ 94

$ (1,326)

[1]	Includes stock-based compensation expense as follows:
[2]	Interest expense in fiscal 2017 and 2018 includes interest and fees associated with financing commitments entered into in connection with the Acquisition. See Note 14, Debt, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.
[3]	Provision for income taxes in the first quarter of fiscal 2018 included the impact related to the Tax Cuts and Jobs Act of 2017, enacted on December 22, 2017. Provision for income taxes in the fourth quarter of fiscal 2018 included a release of reserves relating to certain international transfer pricing matters. Provision for income taxes in the second quarter of fiscal 2017 included a tax benefit of $15.0 million for the release of a state tax credit valuation allowance as a result of the Acquisition. Provision for income taxes in the third quarter of fiscal 2017 included approximately $98.2 million of tax expense incurred during the quarter as part of the post-Acquisition integration, partially offset by a tax benefit of $50.5 million related to the reduction of reserves and related interest resulting from the U.S. Tax Court’s favorable ruling, as well as lower statutory tax rates applicable to our operations in the foreign jurisdictions in which the Company earns income. See Note 12, Income Taxes, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Advertising Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Accounting Policies [Abstract]
Advertising expense	$ 10.4	$ 11.7	$ 5.6

Summary of Significant Accounting Policies - Earnings Per Share of Common Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Earnings per share
Net Income									$ 1,495,432	$ 727,259	$ 861,664
Undistributed earnings (loss) allocated to participating securities, basic									5,909	2,243	0
Net income (loss) available to common stockholders, basic									$ 1,489,523	$ 725,016	$ 861,664
Basic shares:
Weighted average shares outstanding (in shares)	371,074	371,315	370,384	369,093	368,043	367,315	341,316	308,786	370,430	346,371	308,736
Basic earnings per common share (in dollars per share)									$ 4.02	$ 2.09	$ 2.79
Diluted shares:
Weighted average shares outstanding (in shares)	371,074	371,315	370,384	369,093	368,043	367,315	341,316	308,786	370,430	346,371	308,736
Assumed exercise of common stock equivalents (in shares)									4,508	4,113	3,572
Weighted average common and common equivalent shares	375,116	375,815	374,778	374,189	372,053	371,159	345,654	313,076	374,938	350,484	312,308
Earnings per share - Diluted
Income from continuing operations, net of tax (in dollars per share)									$ 3.97	$ 2.07	$ 2.76
Outstanding stock options (in share)									1,649	1,527	3,077

Summary of Significant Accounting Policies - Stock-Based Compensation (Details) - Employee Stock Option [Member]	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation awards vesting period (years)	4 years	5 years
Percentage of options exercisable in annual installments on each of the first, second, third, fourth and fifth anniversaries	25.00%	20.00%

Stock-Based Compensation and Shareholders' Equity - Textual (Details) - USD ($)		12 Months Ended
	Aug. 21, 2018	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2006	Aug. 31, 2004
Stock-Based Compensation (Textuals) [Abstract]
Shares reserved for future issuance		25,500,000.0
Units/Awards granted (USD per share)		$ 87.88
Minimum maturity of traded options used to estimate volatility		1 year
Annual forfeiture rate		5.00%
Total intrinsic value of options exercised		$ 123,800,000	$ 144,600,000	$ 46,600,000
Proceeds (cash) received from exercise of options		99,000,000	133,300,000	61,500,000
Total unrecognized compensation cost related to unvested share-based awards, before tax consideration		$ 350,700,000
Weighted-average period for recognition of compensation cost in years		1 year 233 days
Total grant-date fair value of vested stock options		$ 136,100,000	$ 114,800,000	$ 62,800,000
Preferred stock, shares authorized (in shares)		471,934		471,934
Preferred stock, par value (USD per share)		$ 1		$ 1
Preferred stock, shares outstanding (in shares)		0		0
Preferred stock, shares issued (in share)		0
Employee Stock Option [Member]
Stock-Based Compensation (Textuals) [Abstract]
Vesting period (years)		4 years	5 years
Percentage of awards exercisable in annual installments on each of the first, second, third, fourth and fifth anniversaries		25.00%	20.00%
Maximum contractual term of all option		10 years
Restricted Stock Units (RSUs) [Member]
Stock-Based Compensation (Textuals) [Abstract]
Vesting period (years)		4 years
Percentage of awards exercisable in annual installments on each of the first, second, third, fourth and fifth anniversaries		25.00%
2006 Stock Incentive Plan [Member]
Stock-Based Compensation (Textuals) [Abstract]
Maximum common stock granted (in shares)					34,000,000
Total number of common shares available for future grantUnits/Awards granted (in shares)		11,400,000.0
2010 Stock Plan Incentive [Member]
Stock-Based Compensation (Textuals) [Abstract]
Total number of common shares available for future grantUnits/Awards granted (in shares)		1,600,000
Common Stock Repurchase Program [Member]
Stock-Based Compensation (Textuals) [Abstract]
Amount authorized to repurchase company common stock						$ 8,200,000,000.0
Number of additional shares authorized, value	2,000,000,000.0
Repurchased common stock, shares (in shares)		148,900,000
Repurchased common stock, value		$ 5,600,000,000
Repurchase of common stock		$ 2,600,000,000.0
Linear Technology Corporation [Member]
Stock-Based Compensation (Textuals) [Abstract]
Number of share issued (shares)		2,800,000
Units/Awards granted (USD per share)		$ 82.20
Accounting Standards Update 2016-09 [Member]
Stock-Based Compensation (Textuals) [Abstract]
Adjustments to additional paid in capital, income tax benefit from share-based compensation		$ 26,200,000

Stock-Based Compensation and Shareholders' Equity - Stock Option Awards (Details) - $ / shares shares in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Stock Options
Options granted (in thousands)	603	1,480	1,814
Weighted-average exercise price	$ 90.98	$ 82.99	$ 55.19
Weighted-average grant-date fair value	$ 20.82	$ 17.12	$ 12.67
Assumptions:
Weighted-average expected volatility	27.70%	26.40%	34.00%
Weighted-average expected term (in years)	5 years	5 years 37 days	5 years 37 days
Weighted-average risk-free interest rate	2.60%	2.10%	1.40%
Weighted-average expected dividend yield	2.10%	2.20%	3.00%

Stock-Based Compensation and Shareholders' Equity - Stock Options Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Options Outstanding (in shares)
Options outstanding at October 28, 2017 (in shares)	9,347
Options granted (in shares)	603	1,480	1,814
Options exercised (in shares)	(2,382)
Options forfeited (in shares)	(264)
Options expired (in shares)	(7)
Options outstanding at November 3, 2018 (in shares)	7,297	9,347
Options exercisable at November 3, 2018 (in shares)	4,089
Options vested or expected to vest at November 3, 2018 (in shares)	7,076
Weighted-Average Exercise Price Per Share (USD per share)
Options outstanding at October 28, 2017 (USD per share)	$ 52.27
Options granted (USD per share)	90.98
Options exercised (USD per share)	41.85
Options forfeited (USD per share)	65.20
Options expired (USD per share)	30.58
Options outstanding at November 3, 2018 (USD per share)	58.42	$ 52.27
Options exercisable at November 3, 2018 (USD per share)	48.93
Options vested or expected to vest at November 3, 2018 (USD per share)	$ 57.89
Options outstanding, weighted-average remaining contractual term in years	6 years
Options exercisable, weighted-average remaining contractual term in years	4 years 292 days
Options vested or expected to vest, weighted-average remaining contractual term in years	6 years
Options outstanding, aggregate intrinsic value	$ 212,151
Options exercisable, aggregate intrinsic value	156,474
Options vested or expected to vest, aggregate intrinsic value	$ 209,396

Stock-Based Compensation and Shareholders' Equity - Restricted Stock Unit Award Activity (Details) shares in Thousands	12 Months Ended
	Nov. 03, 2018 $ / shares shares
Restricted Stock Units Outstanding (in shares)
Restricted stock units/awards outstanding at October 28, 2017 (in shares) \| shares	5,680
Units/Awards granted (in shares) \| shares	1,668
Restrictions lapsed (in shares) \| shares	(1,616)
Forfeited (in shares) \| shares	(443)
Restricted stock units/awards outstanding at November 3, 2018 (in shares) \| shares	5,289
Weighted Average Grant-Date Fair Value Per Share (USD per share)
Restricted stock units/awards outstanding at October 28, 2017 (USD per share) \| $ / shares	$ 71.88
Units/Awards granted (USD per share) \| $ / shares	87.88
Restrictions lapsed (USD per share) \| $ / shares	69.90
Forfeited (USD per share) \| $ / shares	70.61
Restricted stock units/awards outstanding at November 3, 2018 (USD per share) \| $ / shares	$ 77.54

Industry, Segment and Geographic Information - Textual (Details)	12 Months Ended
	Nov. 03, 2018 segment
Industry, Segment and Geographic Information (Textuals) [Abstract]
Number of reportable segments	1
Number of operating segments	8

Industry, Segment and Geographic Information - Revenue Trends by End Market (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Revenue Trends
Revenue	$ 1,596,586	$ 1,572,679	$ 1,513,053	$ 1,518,624	$ 1,541,170	$ 1,433,902	$ 1,147,982	$ 984,449	$ 6,200,942	$ 5,107,503	$ 3,421,409
% of Total Product Revenue									100.00%	100.00%	100.00%
Industrial [Member]
Revenue Trends
Revenue									$ 3,102,508	$ 2,342,404	$ 1,478,452
% of Total Product Revenue									50.00%	46.00%	43.00%
Automotive [Member]
Revenue Trends
Revenue									$ 988,741	$ 803,211	$ 558,631
% of Total Product Revenue									16.00%	16.00%	16.00%
Consumer [Member]
Revenue Trends
Revenue									$ 856,778	$ 1,044,697	$ 688,176
% of Total Product Revenue									14.00%	20.00%	20.00%
Communications [Member]
Revenue Trends
Revenue									$ 1,252,915	$ 917,191	$ 696,150
% of Total Product Revenue									20.00%	18.00%	20.00%

Industry, Segment and Geographic Information - Revenue Trends and Property, Plant and Equipment by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,596,586	$ 1,572,679	$ 1,513,053	$ 1,518,624	$ 1,541,170	$ 1,433,902	$ 1,147,982	$ 984,449	$ 6,200,942	$ 5,107,503	$ 3,421,409
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	1,154,328				1,107,304				1,154,328	1,107,304	636,116
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue									2,105,662	1,999,041	1,299,629
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	505,646				504,968				505,646	504,968	236,625
Rest of North and South America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue									103,401	103,077	95,957
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue									1,471,689	1,211,435	924,849
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue									716,276	506,114	291,649
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue									1,210,042	842,532	575,690
Rest of Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue									593,872	445,304	233,635
Non-US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue									4,095,280	3,108,462	2,121,780
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	648,682				602,336				648,682	602,336	399,491
Irish [Member]
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	202,611				188,728				202,611	188,728	174,952
Philippines [Member]
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	260,355				228,629				260,355	228,629	194,587
Singapore [Member]
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	80,383				77,015				80,383	77,015	0
Malaysia [Member]
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	57,514				71,756				57,514	71,756	0
All Other Countries [Member]
Property, Plant and Equipment, Net [Abstract]
Total property, plant and equipment	$ 47,819				$ 36,208				$ 47,819	$ 36,208	$ 29,952

Special Charges - Restructuring Rollforward (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Nov. 03, 2018

Aug. 04, 2018

^[1]

May 05, 2018

^[1]

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

^[1]

Apr. 29, 2017

^[1]

Jan. 28, 2017

Nov. 03, 2018

Oct. 28, 2017

Oct. 29, 2016

$ 37,348

$ 1,842

^[1]

$ 1,069

$ 1,089

57,318

^[1]

$ 0

^[1]

$ 0

$ 49,463

^[1]

61,318

$ 49,463

$ 13,684

Facility Closing [Member]

15,153

37,348

15,153

37,348

Effect of foreign currency on accrual

44,452

Severance payments

(1,478)

Reduction of Operating Costs [Member]

42,974

5,137

12,374

5,137

12,374

5,877

Effect of foreign currency on accrual

16,866

8,126

13,684

Severance payments

(16,785)

(15,764)

(7,184)

401

(3)

Early Retirement [Member]

5,255

5,137

5,255

5,137

12,374

$ 32,211

$ 0

32,211

Effect of foreign currency on accrual

41,337

Severance payments

(22,314)

(9,126)

$ 9,897

$ 32,211

$ 9,897

$ 32,211

$ 0

[1]	Represents charges recorded for various restructuring actions. See Note 5, Special Charges, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.

Special Charges - Textual (Details)
$ in Thousands

3 Months Ended

9 Months Ended

12 Months Ended

Nov. 03, 2018

USD ($)

^[1]

Aug. 04, 2018

USD ($)

^[1]

May 05, 2018

USD ($)

^[1]

Feb. 03, 2018

USD ($)

Oct. 28, 2017

USD ($)

^[1]

Jul. 29, 2017

USD ($)

^[1]

Apr. 29, 2017

USD ($)

^[1]

Jan. 28, 2017

USD ($)

^[1]

Nov. 03, 2018

USD ($)

Nov. 03, 2018

USD ($)

employee

Oct. 28, 2017

USD ($)

employee

Oct. 29, 2016

USD ($)

employee

Facility Closing [Member]

$ 1,842

$ 1,069

$ 1,089

$ 57,318

^[1]

$ 0

$ 49,463

$ 61,318

$ 49,463

$ 13,684

Reduction of Operating Costs [Member]

44,452

Reduction of Operating Costs 2016 [Domain]

16,866

8,126

13,684

Number of manufacturing engineering and selling marketing general and adminstrative employees related to action | employee

$ 13,700

123

Early Retirement [Member]

Workforce Reduction Plan 2018 [Member] | Facility Closing [Member]

$ 0

41,337

$ 0

Number of manufacturing engineering and selling marketing general and adminstrative employees related to action | employee

$ 41,200

$ 3,300

1,249

Workforce Reduction Plan 2017 [Member] | Reduction of Operating Costs [Member]

Number of manufacturing engineering and selling marketing general and adminstrative employees related to action | employee

$ 16,900

$ 8,100

126

177

Workforce Reduction Plan 2017 [Member] | Early Retirement [Member]

Number of manufacturing engineering and selling marketing general and adminstrative employees related to action | employee

$ 41,300

225

Minimum [Member] | Workforce Reduction Plan 2017 [Member]

Maximum [Member] | Workforce Reduction Plan 2017 [Member]

Restructuring, term

2 years

U.S. federal statutory tax rate

Restructuring, term

4 years

[1]	Represents charges recorded for various restructuring actions. See Note 5, Special Charges, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.

Acquisitions - Narrative (Details) $ / shares in Units, $ in Millions		12 Months Ended
	Mar. 10, 2017 $ / shares	Oct. 28, 2017 USD ($)
Business Acquisition [Line Items]
Acquisition related costs		$ 47.5
Linear Technology Corporation [Member]
Business Acquisition [Line Items]
Revenue of acquiree since acquisition date		$ 913.2
Common Stock [Member] \| Linear Technology Corporation [Member]
Business Acquisition [Line Items]
Business acquisition, share price \| $ / shares	$ 46
Interests issued conversion ratio per share	0.2321

Acquisitions - Purchase Price Consideration (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions		12 Months Ended
	Mar. 10, 2017	Nov. 03, 2018
Business Acquisition [Line Items]
Share Price	$ 82.20
Linear Technology Corporation [Member]
Business Acquisition [Line Items]
Cash consideration	$ 11,092,047
Equity interests issued and issuable	4,593,655
Fair value of replacement share-based awards	70,954
Consideration transferred	15,756,656
Number of shares issued		2.8
Linear Technology Corporation [Member] \| Common Stock [Member]
Business Acquisition [Line Items]
Cash consideration	$ 11,100,000
Number of shares issued	55.9
Linear Technology Corporation [Member] \| Restricted Stock [Member]
Business Acquisition [Line Items]
Cash consideration	$ 16,300

Acquisitions - Allocation of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 28, 2017	Mar. 10, 2017	Oct. 29, 2016
Business Acquisition [Line Items]
Goodwill	$ 12,252,604	$ 12,217,455		$ 1,679,116
Linear Technology Corporation [Member]
Business Acquisition [Line Items]
Cash and cash equivalents			$ 1,466,445
Marketable securities			100,246
Accounts receivable			143,542
Inventories			461,695
Prepaid expenses and other assets			14,782
Property, plant and equipment			462,285
Intangible assets			5,157,300
Goodwill			10,533,919
Total assets			18,340,214
Assumed liabilities			190,925
Deferred tax liabilities			2,392,633
Total estimated purchase consideration			15,756,656
Acquired receivable			143,500
Gross contractual amount			145,200
Estimated uncollectible			$ 1,700

Acquisitions - Intangible Assets Acquired (Details) - Linear Technology Corporation [Member] $ in Thousands	Mar. 10, 2017 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 5,157,300
Weighted Average Useful Lives (in Years)	11 years
Technology-Based Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 1,046,100
Weighted Average Useful Lives (in Years)	8 years
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 72,200
Weighted Average Useful Lives (in Years)	7 years
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 4,039,000
Weighted Average Useful Lives (in Years)	12 years

Acquisitions - Pro Forma Financial Information (Details) - Linear Technology Corporation [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Business Acquisition [Line Items]
Revenue	$ 5,702,841	$ 4,842,658
Net income	$ 1,061,684	$ 360,880
Basic net income per common share	$ 2.88	$ 0.99
Diluted net income per common share	$ 2.84	$ 0.97

Other Investments (Details) - USD ($) $ in Millions	12 Months Ended
Other Investments (Details) - USD ($) $ in Millions	Oct. 28, 2017	Oct. 29, 2016
Investments, Debt and Equity Securities [Abstract]
Other than temporary impairment	$ 5.0	$ 6.0

Accrued Liabilities (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 28, 2017
Accrued Liabilities
Accrued compensation and benefits	$ 254,932	$ 271,321
Accrued interest	64,974	59,400
Accrued restructuring	15,153	37,348
Other	162,021	130,757
Total accrued liabilities	$ 497,080	$ 498,826

Lease Commitments - Textuals (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Lease Commitments (Textuals) [Abstract]
Expiration date of operating leases related to facilities, equipment and software	The Company leases certain facilities, equipment and software under various operating leases that expire at various dates through 2057
Total rental expense	$ 84.9	$ 58.8	$ 58.5

Lease Commitments (Details) $ in Thousands	Nov. 03, 2018 USD ($)
Schedule of future minimum rental payments required under long-term operating leases
2019	$ 39,293
2020	49,069
2021	37,135
2022	32,395
2023	30,871
Later Years	201,489
Total	$ 390,252

Retirement Plans - Textuals (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Retirement Plans (Textuals) [Abstract]
Defined contribution plan company contributions to each participants total eligible compensation	5.00%
Maximum of each participants total eligible contributions	3.00%
Total expense related to the defined contribution plan for U.S. employees	$ 41.4	$ 35.8	$ 28.3
Maximum of each participants eligible deferred contributions	8.00%
Total expense related to the defined benefit pension and other retirement plans for certain non-U.S. employees	$ 36.3	33.0	$ 26.9
Accumulated benefit obligation for non-U.S. pension plans	$ 105.8	$ 116.7

Retirement Plans - Net Annual Periodic Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Net periodic pension cost
Service cost	$ 6,891	$ 6,688	$ 5,520
Interest cost	3,984	3,581	3,675
Expected return on plan assets	(4,559)	(4,086)	(3,764)
Amortization of prior service cost	10	14	0
Amortization of transition obligation	1	(9)	17
Recognized actuarial loss	1,621	1,865	679
Settlement impact	0	0	151
Net periodic pension cost	$ 7,948	$ 8,053	$ 6,278

Retirement Plans - Obligation and Asset Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Change in Benefit Obligation
Benefit obligation at beginning of year	$ 139,516	$ 129,711
Service cost	6,891	6,688	$ 5,520
Interest cost	3,984	3,581	3,675
Plan amendments	0	176
Actuarial gain	(20,406)	(2,615)
Benefits paid	(4,301)	(2,663)
Exchange rate adjustment	(2,146)	4,638
Benefit obligation at end of year	123,538	139,516	129,711
Change in Plan Assets
Fair value of plan assets at beginning of year	79,616	69,823
Actual return on plan assets	(2,626)	5,420
Employer contributions	13,793	4,995
Benefits paid	(4,301)	(2,663)
Exchange rate adjustment	(1,827)	2,041
Fair value of plan assets at end of year	84,655	79,616	69,823
Reconciliation of Funded Status
Funded status	(38,883)	(59,900)
Amounts Recognized in the Balance Sheet
Non-current assets	6,569		$ 0
Current liabilities	(767)	(733)
Non-current liabilities	(44,685)	(59,167)
Net amount recognized	(38,883)	(59,900)
Reconciliation of Amounts Recognized in the Statement of Financial Position
Initial net obligation	0	(10)
Prior service credit	(44)	(45)
Net loss	(20,800)	(35,779)
Accumulated other comprehensive loss	(20,844)	(35,834)
Accumulated contributions less than net periodic benefit cost	(18,039)	(24,066)
Net amount recognized	(38,883)	(59,900)
Changes in plan assets and benefit obligations recognized in other comprehensive income
Prior service cost	0	176
Net loss arising during the year (includes curtailment gains not recognized as a component of net periodic cost)	(13,220)	(3,949)
Effect of exchange rates on amounts included in accumulated other comprehensive income (loss)	(138)	1,952
Amounts recognized as a component of net periodic benefit cost
Amortization, settlement or curtailment recognition of net transition obligation	(10)	(14)
Amortization or curtailment recognition of prior service credit (cost)	(1)	9
Amortization or settlement recognition of net loss	(1,621)	(1,865)
Total recognized in other comprehensive loss	(14,990)	(3,691)
Total recognized in net periodic cost and other comprehensive loss	(7,042)	4,362
Estimated amounts that will be amortized from accumulated other comprehensive (loss) income over the next fiscal year
Initial net obligation	0	(10)
Prior service credit	(2)	(2)
Net loss	(1,015)	(1,582)
Total	$ (1,017)	$ (1,594)

Retirement Plans - Accumulated and Projected Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 28, 2017
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligation	$ 46,626	$ 139,516
Fair value of plan assets	1,174	79,616
Plans with accumulated benefit obligations in excess of plan assets:
Projected benefit obligation	46,626	109,261
Accumulated benefit obligation	41,701	103,470
Fair value of plan assets	$ 1,174	$ 53,747

Retirement Plans - Weighted Average Assumptions (Details)	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Projected benefit obligation
Discount rate	3.53%	3.02%
Rate of increase in compensation levels	3.26%	3.18%
Net annual periodic pension cost was determined using the following weighted average assumptions
Discount rate	3.02%	2.92%
Expected long-term return on plan assets	5.54%	5.58%
Rate of increase in compensation levels	3.18%	3.36%

Retirement Plans - Plan Assets Measured at Fair Value (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	$ 84,655	$ 79,616	$ 69,823
Unit trust funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	2,549	1,676
Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	38,658	37,290
Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	42,312	39,442
Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	1,136	1,208
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	4,573	5,909
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Unit trust funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	3,437	4,701
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	1,136	1,208
Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	80,082	73,707
Significant Other Observable Inputs (Level 2) [Member] \| Unit trust funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	2,549	1,676
Significant Other Observable Inputs (Level 2) [Member] \| Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	35,221	32,589
Significant Other Observable Inputs (Level 2) [Member] \| Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	42,312	39,442
Significant Other Observable Inputs (Level 2) [Member] \| Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets measured at fair value	$ 0	$ 0

Retirement Plans - Schedule of Expected Benefit Payments (Details) $ in Thousands	Nov. 03, 2018 USD ($)
Expected Company Contributions
2019	$ 4,149
Expected Benefit Payments
2020	2,580
2021	2,063
2022	2,212
2023	2,792
2024	3,247
2025 through 2028	$ 21,966

Income Taxes - Income Tax Provision Reconciliation (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Nov. 03, 2018

^[1]

Aug. 04, 2018

^[1]

May 05, 2018

^[1]

Feb. 03, 2018

^[1]

Oct. 28, 2017

^[1]

Jul. 29, 2017

^[1]

Apr. 29, 2017

^[1]

Jan. 28, 2017

^[1]

Nov. 03, 2018

Oct. 28, 2017

Oct. 29, 2016

Income Tax Disclosure [Abstract]

23.40%

35.00%

Income tax provision reconciliation:

Tax at statutory rate:

$ 383,413

$ 289,970

$ 334,922

Net foreign income subject to lower tax rate

(434,834)

(385,189)

(264,157)

State income taxes, net of federal benefit

4,015

(8,801)

(10,821)

Valuation allowance

2,232

(7,778)

13,658

Federal research and development tax credits

(33,602)

(16,475)

(16,237)

Change in uncertain tax positions

(32,945)

(51,088)

4,797

Amortization of purchased intangibles

213,198

159,466

35,641

Acquisition and integration costs

109,040

Taxes attributable to the Tax Cuts and Jobs Act of 2017

70,029

Windfalls (Under ASU 2016-09)

(26,237)

Other, net

(2,184)

12,081

(2,546)

Provision for income taxes

$ 24,557

$ 26,130

$ 21,716

$ 70,682

$ 34,014

$ 57,882

$ (6,850)

$ 16,180

$ 143,085

$ 101,226

$ 95,257

[1]

Provision for income taxes in the first quarter of fiscal 2018 included the impact related to the Tax Cuts and Jobs Act of 2017, enacted on December 22, 2017. Provision for income taxes in the fourth quarter of fiscal 2018 included a release of reserves relating to certain international transfer pricing matters. Provision for income taxes in the second quarter of fiscal 2017 included a tax benefit of $15.0 million for the release of a state tax credit valuation allowance as a result of the Acquisition. Provision for income taxes in the third quarter of fiscal 2017 included approximately $98.2 million of tax expense incurred during the quarter as part of the post-Acquisition integration, partially offset by a tax benefit of $50.5 million related to the reduction of reserves and related interest resulting from the U.S. Tax Court’s favorable ruling, as well as lower statutory tax rates applicable to our operations in the foreign jurisdictions in which the Company earns income. See Note 12, Income Taxes, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.

Income Taxes - Textuals (Details) $ / shares in Units, $ in Thousands, € in Millions	3 Months Ended	12 Months Ended
	Jul. 29, 2017 USD ($)	Nov. 02, 2019 USD ($)	Nov. 03, 2018 USD ($) $ / shares	Oct. 28, 2017 USD ($) $ / shares	Oct. 29, 2016 USD ($)	Nov. 03, 2018 EUR (€)	Oct. 31, 2015 USD ($)
Operating Loss Carryforwards [Line Items]
Blended statutory income tax rate			23.40%
U.S. federal statutory tax rate			23.40%	35.00%	35.00%
Change in tax rate, income tax expense (benefit)			$ 637,000
Transition tax for accumulated foreign earnings, provisional income tax expense			691,000
Tax expense related to post-acquisition integration	$ 98,200			$ 98,200
Tax expense related to post-acquisition integration, nondeductible				10,800
Transition tax for accumulated foreign earnings, income tax expense			755,000
Transition tax for accumulated foreign earnings related to recorded amounts in prior years, provisional income tax expense (benefit)			64,000
Transition tax for accumulated foreign earnings, liability, current			61,600
Transition tax for accumulated foreign earnings, liability, noncurrent			693,400
Unrecognized income tax, other outside basis differences			4,300,000
Excess tax benefit			26,200
Valuation allowance			(82,280)	(53,787)
Liability for unrealized tax benefits			16,800	47,600
Liability for interest and penalties			3,500	10,800
Total liabilities for uncertain tax positions			16,800	49,600
Interest and penalties related to uncertain tax positions			(7,300)	(12,300)	$ 4,000
Change in unrecognized tax benefit			600
Unrecognized tax benefits			13,256	37,857	$ 68,535		$ 71,782
Worthless stock deduction			4,200
Income tax holiday, amount			$ 27,700	$ 27,400
Impact of income tax holiday, basic and diluted (per share) \| $ / shares			$ 0.07	$ 0.08
Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards [Line Items]
Reserve release			$ 35,500	$ 50,500
Unrecognized tax benefits				41,700
Unrecognized tax benefits with interest			9,900	$ 8,800
Reserve release, transfer pricing			18,100
Internal Revenue Service (IRS) [Member] \| Tax Year 2013 [Member]
Operating Loss Carryforwards [Line Items]
Reserve release			3,300
Revenue Commissioners, Ireland [Member]
Operating Loss Carryforwards [Line Items]
Income tax examination, excluding penalties and interest expense			$ 52,000			€ 43.0
Forecast [Member]
Operating Loss Carryforwards [Line Items]
U.S. federal statutory tax rate		21.00%
State credit carryover		$ 112,900

Income Taxes - Income Before Income Taxes Domestic and Foreign (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Pretax income:
Domestic									$ 590,190	$ 109,565	$ 2,642
Foreign									1,048,327	718,920	954,279
Income before income taxes	$ 457,522	$ 440,594	$ 401,547	$ 338,854	$ 381,664	$ 126,798	$ 86,714	$ 233,309	$ 1,638,517	$ 828,485	$ 956,921

Income Taxes - Components of the Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Current:
Federal tax	$ 826,294	$ 857,664	$ 27,790
State	5,917	7,335	1,409
Foreign	47,633	62,096	57,934
Total current	879,844	927,095	87,133
Deferred:
Federal	(744,260)	(795,478)	325
State	806	(24,285)	2,820
Foreign	6,695	(6,106)	4,979
Total deferred	$ 736,759	$ 825,869	$ (8,124)

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Oct. 28, 2017
Deferred tax assets:
Inventory reserves	$ 22,184	$ 28,137
Deferred income on shipments to distributors	46,168	62,923
Reserves for compensation and benefits	39,185	84,096
Tax credit carryovers	112,851	68,317
Stock-based compensation	53,105	99,815
Depreciation	1,707	2,659
Net operating losses	5,997	11,158
Acquisition-related costs	0	3,384
Other	34,031	34,737
Total gross deferred tax assets	315,228	395,226
Valuation allowance	(82,280)	(53,787)
Total deferred tax assets	232,948	341,439
Deferred tax liabilities:
Depreciation	(37,023)	(64,868)
Undistributed earnings of foreign subsidiaries	0	(64,067)
Acquisition-related intangibles	(1,099,998)	(1,851,818)
Other	(1,914)	(3,047)
Total gross deferred tax liabilities	(1,138,935)	(1,983,800)
Net deferred tax liabilities	$ (905,987)	$ (1,642,361)

Income Taxes - Changes in Unrealized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Changes in the total amounts of unrealized tax benefits
Unrealized tax benefits (beginning)	$ 37,857	$ 68,535	$ 71,782
Additions for tax positions related to current year	1,334	1,742	2,539
Additions for tax positions related to acquisition		12,332
Reductions for tax positions related to prior years	(295)	(43,186)	(4,475)
Reductions due to lapse of applicable statute of limitations	(25,640)	(1,566)	(1,311)
Unrealized tax benefits (end)	$ 13,256	$ 37,857	$ 68,535

Revolving Credit Facility (Details)		12 Months Ended
Revolving Credit Facility (Details)	Sep. 23, 2016	Nov. 03, 2018	May 31, 2018	Mar. 10, 2017 USD ($)
Line of Credit Facility [Line Items]
Line of credit facility, covenant terms		consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) of not greater than 4.5 to 1.0
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit borrowing capacity after acquisition				$ 1,000,000,000.0
Debt instrument, covenant, leverage ratio		4.5	3.0
Unsecured revolving credit facility, covenant compliance		compliant with these covenants
Federal Funds Effective Swap Rate [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Eurodollar [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.00%

Debt (Details) - USD ($)									3 Months Ended	12 Months Ended
Debt (Details) - USD ($)	Mar. 12, 2018	Nov. 10, 2017	Mar. 10, 2017	Dec. 05, 2016	Sep. 23, 2016	Jul. 26, 2016	Dec. 14, 2015	Jun. 03, 2013	Feb. 03, 2018	Nov. 03, 2018	Oct. 28, 2017	Oct. 29, 2016
Debt Instrument [Line Items]
Aggregate principal amount of debt										$ 6,375,000,000	$ 7,900,000,000
Semi-annual fixed interest payments				semi-annual fixed interest payments due on June 5 and December 5 of each year, commencing June 5, 2017
364-day senior unsecured bridge facility maximum aggregate principal amount						$ 7,500,000,000
90-day senior unsecured bridge facility maximum aggregate principal amount			$ 4,100,000,000
3-year unsecured term loan facility principal amount					$ 2,500,000,000
5-year unsecured term loan facility principal amount					2,500,000,000
Debt issuance costs, net					11,500,000
Repayments of debt										2,275,000,000	5,050,000,000	$ 0
Proceeds from debt										743,778,000	11,156,164,000	$ 1,235,331,000
Debt, current										$ 67,000,000
2.875% Senior unsecured notes due June 1, 2023 [Member]
Debt Instrument [Line Items]
Maturity date of senior unsecured notes								Jun. 01, 2023
Semi-annual fixed interest payments								semi-annual fixed interest payments due on June 1 and December 1 of each year, commencing December 1, 2013
Net proceeds of notes offering								$ 493,900,000
Senior Notes [Member] \| 3.0% Senior unsecured notes due April 15, 2016 [Member]
Debt Instrument [Line Items]
Debt instrument, covenant compliance										compliant with these covenants
Senior Notes [Member] \| 3.9% Senior unsecured notes due December 15, 2025 [Member]
Debt Instrument [Line Items]
Debt instrument, covenant compliance										compliant with these covenants
Senior Notes [Member] \| Senior unsecured notes due December 5, 2021, December 5, 2023, December 5, 2026 and December 5, 2036 [Member]
Debt Instrument [Line Items]
Net proceeds of notes offering				$ 2,100,000,000
3.9% Senior unsecured notes due December 15, 2025 [Member]
Debt Instrument [Line Items]
Maturity date of senior unsecured notes							Dec. 15, 2025
Semi-annual fixed interest payments										semi-annual fixed interest payments due on June 15 and December 15 of each year, commencing June 15, 2016
Net proceeds of notes offering							$ 1,200,000,000
5.3% Senior unsecured notes due December 15, 2045 [Member]
Debt Instrument [Line Items]
Maturity date of senior unsecured notes										Dec. 15, 2045
Bridge Loan [Member]
Debt Instrument [Line Items]
Unamortized bridge fees									$ 7,200,000		13,700,000
Bridge Loan [Member] \| Senior Unsecured Bridge Facility, Ninety Days [Member]
Debt Instrument [Line Items]
Debt instrument, term			90 days			90 days
Bridge Loan [Member] \| Senior Unsecured Bridge Facility, Three Hundred Sixty Four Days [Member]
Debt Instrument [Line Items]
Debt instrument, term						364 days
Debt related commitment fees and debt issuance costs				27,500,000
Bridge financing commitments				2,500,000,000.0	$ 5,000,000,000
Bridge Loan [Member] \| Unsecured Bridge Facility, Ninety Days, Agreement Due June 2017 [Member]
Debt Instrument [Line Items]
Debt related commitment fees and debt issuance costs			$ 15,000,000
Repayments of unsecured debt			$ 4,100,000,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Proceeds from debt, net of issuance costs	$ 743,800,000
Unsecured Debt [Member] \| Unsecured Term Loan, Three Year [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt										$ 425,000,000	$ 1,950,000,000
Debt instrument, term			3 years		3 years					3 years
Repayments of unsecured debt										$ 550,000,000
Repayments of debt		$ 300,000,000								$ 1,200,000
Unsecured Debt [Member] \| Unsecured Term Loan, Five Year [Member]
Debt Instrument [Line Items]
Debt instrument, term		5 years	5 years		5 years					5 years
Repayments of unsecured debt										$ 400,000,000
Repayments of debt										$ 750,000,000
Unsecured Debt [Member] \| Senior 2.850% Unsecured Notes Due March 2020 [Member]
Debt Instrument [Line Items]
Interest rate to be paid on long term notes	2.85%
Maturity date of senior unsecured notes	Mar. 12, 2020
Proceeds from debt	$ 300,000,000.0
Unsecured Debt [Member] \| Senior 2.950% Unsecured Notes Due January 2021 [Member]
Debt Instrument [Line Items]
Interest rate to be paid on long term notes	2.95%
Maturity date of senior unsecured notes	Jan. 12, 2021
Debt instrument, covenant compliance										compliance with these covenants
Proceeds from debt	$ 450,000,000.0
Senior 2.5% Unsecured Notes Due December 5,2021 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt				$ 400,000,000
Interest rate to be paid on long term notes				2.50%
Maturity date of senior unsecured notes				Dec. 05, 2021
Senior 3.125% Unsecured Notes Due December 5, 2023 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt				$ 550,000,000
Interest rate to be paid on long term notes				3.125%
Maturity date of senior unsecured notes				Dec. 05, 2023
Senior 3.500% Unsecured Notes Due December 5, 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt				$ 900,000,000
Interest rate to be paid on long term notes				3.50%
Maturity date of senior unsecured notes				Dec. 05, 2026
Senior 4.500% Unsecured Notes Dues December 5, 2036 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt				$ 250,000,000
Interest rate to be paid on long term notes				4.50%
Maturity date of senior unsecured notes				Dec. 05, 2036
Fair Value, Measurements, Nonrecurring [Member] \| 2.875% Senior unsecured notes due June 1, 2023 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt								$ 500,000,000
Interest rate to be paid on long term notes								2.875%
Fair Value, Measurements, Nonrecurring [Member] \| 10 year US Treasury rate of 1.7845% [Member]
Debt Instrument [Line Items]
Interest rate to be paid on long term notes								1.7845%
Fair Value, Measurements, Nonrecurring [Member] \| 3.9% Senior unsecured notes due December 15, 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt							$ 850,000,000.0
Interest rate to be paid on long term notes							3.90%
Fair Value, Measurements, Nonrecurring [Member] \| 5.3% Senior unsecured notes due December 15, 2045 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debt							$ 400,000,000
Interest rate to be paid on long term notes							5.30%
Eurodollar [Member] \| Minimum [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Three Year [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate										0.75%
Eurodollar [Member] \| Minimum [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Five Year [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate										0.875%
Eurodollar [Member] \| Maximum [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Three Year [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate										1.625%
Eurodollar [Member] \| Maximum [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Five Year [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate										1.75%

Debt Schedule of Debt (Details) - USD ($)	Nov. 03, 2018	Oct. 28, 2017
Debt Instrument [Line Items]
Principal	$ 6,375,000,000	$ 7,900,000,000
Unamortized discount and debt issuance costs	42,326,000	48,916,000
Unsecured Debt [Member] \| Unsecured Term Loan, Three Year [Member]
Debt Instrument [Line Items]
Principal	425,000,000	1,950,000,000
Long-term Debt [Member]
Debt Instrument [Line Items]
Principal	6,308,000,000	7,600,000,000
Unamortized discount and debt issuance costs	42,326,000	48,916,000
Long-term Debt [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Three Year [Member]
Debt Instrument [Line Items]
Principal	358,000,000	1,650,000,000
Unamortized discount and debt issuance costs	318,000	3,270,000
Long-term Debt [Member] \| Unsecured Debt [Member] \| Unsecured Term Loan, Five Year [Member]
Debt Instrument [Line Items]
Principal	1,350,000,000	2,100,000,000
Unamortized discount and debt issuance costs	1,503,000	4,727,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 2.850% Unsecured Notes Due March 2020 [Member]
Debt Instrument [Line Items]
Principal	300,000,000	0
Unamortized discount and debt issuance costs	1,273,000	0
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 2.950% Unsecured Notes Due January 2021 [Member]
Debt Instrument [Line Items]
Principal	450,000,000	0
Unamortized discount and debt issuance costs	3,344,000	0
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 2.500% Unsecured Notes Due December 5, 2021 [Member]
Debt Instrument [Line Items]
Principal	400,000,000	400,000,000
Unamortized discount and debt issuance costs	2,830,000	3,756,000
Long-term Debt [Member] \| Senior Notes [Member] \| 2.875% Senior unsecured notes due June 1, 2023 [Member]
Debt Instrument [Line Items]
Principal	500,000,000	500,000,000
Unamortized discount and debt issuance costs	2,813,000	3,434,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 3.125% Unsecured Notes Due December 5, 2023 [Member]
Debt Instrument [Line Items]
Principal	550,000,000	550,000,000
Unamortized discount and debt issuance costs	4,499,000	5,392,000
Long-term Debt [Member] \| Senior Notes [Member] \| Note 2025, December 2025 [Member]
Debt Instrument [Line Items]
Principal	850,000,000	850,000,000
Unamortized discount and debt issuance costs	6,262,000	7,154,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 3.500% Unsecured Notes Due December 5, 2026 [Member]
Debt Instrument [Line Items]
Principal	900,000,000	900,000,000
Unamortized discount and debt issuance costs	10,361,000	11,655,000
Long-term Debt [Member] \| Senior Notes [Member] \| Senior 4.500% Unsecured Notes Dues December 5, 2036 [Member]
Debt Instrument [Line Items]
Principal	250,000,000	250,000,000
Unamortized discount and debt issuance costs	3,778,000	3,983,000
Long-term Debt [Member] \| Senior Notes [Member] \| Note 2045, December 2045 [Member]
Debt Instrument [Line Items]
Principal	400,000,000	400,000,000
Unamortized discount and debt issuance costs	5,345,000	5,545,000
Debt, Current [Member]
Debt Instrument [Line Items]
Principal	67,000,000	300,000,000
Unamortized discount and debt issuance costs	0	0
Debt, Current [Member] \| Unsecured Term Loan, Three Year Current [Member]
Debt Instrument [Line Items]
Principal	67,000,000	300,000,000
Unamortized discount and debt issuance costs	$ 0	$ 0

Subsequent Events (Details) - Subsequent Event [Member] - Common Stock [Member]	Nov. 19, 2018 $ / shares
Subsequent Event [Line Items]
Common stock cash dividends per share, date declared	Nov. 19, 2018
Common stock cash dividends per share, declared	$ 0.48
Common stock cash dividends per share, paid date	Dec. 10, 2018
Common stock cash dividends per share, date of record	Nov. 29, 2018

Supplementary Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Nov. 03, 2018

Aug. 04, 2018

May 05, 2018

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Jan. 28, 2017

Nov. 03, 2018

Oct. 28, 2017

Oct. 29, 2016

Supplementary Financial Information

Revenue

$ 1,596,586

$ 1,572,679

$ 1,513,053

$ 1,518,624

$ 1,541,170

$ 1,433,902

$ 1,147,982

$ 984,449

$ 6,200,942

$ 5,107,503

$ 3,421,409

502,932

502,033

479,241

483,434

535,145

667,278

507,539

335,945

1,967,640

^[1]

2,045,907

^[1]

1,194,236

^[1]

Gross margin

$ 1,093,654

$ 1,070,646

$ 1,033,812

$ 1,035,190

$ 1,006,025

$ 766,624

$ 640,443

$ 648,504

4,233,302

3,061,596

2,227,173

68.50%

68.10%

68.30%

68.20%

65.30%

53.50%

55.80%

65.90%

$ 295,699

$ 291,642

$ 289,472

$ 288,597

$ 273,746

$ 275,670

$ 235,232

$ 183,954

1,165,410

^[1]

968,602

^[1]

653,816

^[1]

175,396

171,487

172,146

176,908

185,721

183,980

190,686

130,659

695,937

^[1]

691,046

^[1]

461,438

^[1]

Amortization of intangibles

1,842

^[2]

1,069

^[2]

1,089

^[2]

57,318

^[2]

49,463

^[2]

61,318

49,463

13,684

107,345

107,409

107,129

107,019

98,348

112,153

68,690

18,160

428,902

297,351

70,123

Total operating expenses

580,282

571,607

569,836

629,842

557,815

571,803

494,608

382,236

2,351,567

2,006,462

1,199,061

Operating income

$ 513,372

$ 499,039

$ 463,976

$ 405,348

$ 448,210

$ 194,821

$ 145,835

$ 266,268

1,881,735

1,055,134

1,028,112

32.00%

31.00%

27.00%

29.00%

14.00%

13.00%

27.00%

Nonoperating (income) expenses:

Total nonoperating (income) expense

$ 59,102

^[3]

$ 61,665

^[3]

$ 64,792

^[3]

$ 68,030

^[3]

$ 63,517

^[3]

$ 73,073

^[3]

$ 71,636

^[3]

$ 42,614

^[3]

253,589

250,840

88,757

Interest income

(2,791)

(2,588)

(1,912)

(2,092)

(2,388)

(5,524)

(12,421)

(10,000)

(9,383)

(30,333)

(21,221)

Other, net

(461)

(632)

(451)

556

5,417

474

(94)

345

(988)

6,142

3,655

55,850

58,445

62,429

66,494

66,546

68,023

59,121

32,959

243,218

226,649

71,191

Income before income taxes

$ 457,522

$ 440,594

$ 401,547

$ 338,854

$ 381,664

$ 126,798

$ 86,714

$ 233,309

1,638,517

828,485

956,921

Provision (benefit) for income taxes

29.00%

28.00%

27.00%

22.00%

25.00%

9.00%

8.00%

24.00%

$ 24,557

^[4]

$ 26,130

^[4]

$ 21,716

^[4]

$ 70,682

^[4]

$ 34,014

^[4]

$ 57,882

^[4]

$ (6,850)

^[4]

$ 16,180

^[4]

$ 143,085

$ 101,226

$ 95,257

Net income

$ 432,965

$ 414,464

$ 379,831

$ 268,172

$ 347,650

$ 68,916

$ 93,564

$ 217,129