View Filing Data

$ 1,541,101

$ 1,566,870

501,445

495,187

1,039,656

1,071,683

287,382

288,597

167,342

176,908

107,324

107,019

21,782

57,318

583,830

629,842

455,826

441,841

58,728

68,030

(2,688)

(2,092)

(160)

556

55,880

66,494

399,946

375,347

44,940

82,107

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

$ 355,006

$ 293,240

^[2]

368,703

369,093

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

372,506

374,189

Basic earnings per common share (in dollars per share)

$ 0.96

$ 0.79

Diluted earnings per common share (in dollars per share)

0.95

0.78

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

$ 0.48

$ 0.45

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

$ 5,084

$ 4,221

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

18,925

19,728

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Statement of Comprehensive Income [Abstract]

$ 12,384

$ 13,953

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

Foreign currency translation adjustments

$ 355,006

$ 293,240

^[1],[2]

3,315

10,171

^[3]

Change in fair value of available-for-sale securities

(2)

^[3]

Change in fair value of derivative instruments designated as cash flow hedges (net of taxes of $6,381 and $2,094, respectively)

(22,938)

8,350

^[3]

Changes in pension plans including transition obligation, net actuarial loss and foreign currency translation adjustments (net of taxes of $63 and $103, respectively)

(1,517)

^[3]

Cash and cash equivalents

(19,581)

17,002

^[3]

Comprehensive income

$ 335,425

$ 310,242

^[3]

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[3]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 02, 2019	Feb. 03, 2018
Statement of Comprehensive Income [Abstract]
Tax effect of change in fair value of derivative instruments designated as cash flow hedges	$ 6,381	$ 2,094
Tax effect of changes in pension plans including prior service cost, transition obligation, net actuarial loss and foreign currency translation adjustments	$ 63	$ 103

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Feb. 02, 2019

Nov. 03, 2018

^[1]

Current Assets

$ 605,864

$ 816,591

Accounts receivable

713,730

639,717

Inventories

^[2]

593,211

586,760

Prepaid income tax

3,831

3,196

Prepaid expenses and other current assets

68,544

65,862

Total current assets

1,985,180

2,112,126

Property, Plant and Equipment, at Cost

Land and buildings

887,765

873,186

Machinery and equipment

2,530,281

2,478,032

Office equipment

78,048

76,233

Leasehold improvements

117,829

100,374

Property, Plant and Equipment, at Cost

3,613,923

3,527,825

Less accumulated depreciation and amortization

2,432,188

2,373,497

Net property, plant and equipment

1,181,735

1,154,328

Other Assets

Deferred compensation plan investments

43,370

39,853

Other investments

34,757

28,730

Goodwill

12,253,891

12,252,604

Intangible assets, net

4,631,697

4,778,192

1,634,719

1,725

Other assets

62,929

62,868

Total other assets

18,661,363

17,163,972

Total assets

21,828,278

20,430,426

Current Liabilities

Accounts payable

222,552

260,919

Income taxes payable

39,132

93,722

Debt, current

67,000

Total current liabilities

588,271

630,107

849,955

1,051,748

Non-current liabilities

Long-term debt

6,234,517

6,265,674

Deferred compensation plan liability

2,288,615

982,469

43,334

39,846

Income taxes payable

706,656

710,179

Other non-current liabilities

119,764

112,337

Total non-current liabilities

9,392,886

8,110,505

Commitments and contingencies

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, 368,314,314 shares outstanding (370,159,553 on November 3, 2018)

61,387

61,694

Capital in excess of par value

5,111,058

5,282,222

Accumulated other comprehensive loss

6,491,013

5,982,697

(78,021)

(58,440)

Total shareholders’ equity

11,585,437

11,268,173

Liabilities and Shareholders' Equity

$ 21,828,278

$ 20,430,426

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Includes $6,694 and $7,128 related to stock-based compensation at February 2, 2019 and November 3, 2018, respectively.

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Feb. 02, 2019	Nov. 03, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, shares authorized (in shares)	471,934	471,934
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.1667	$ 0.1667
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	368,314,314	370,159,553
Stock-based compensation	$ 6,694	$ 7,128

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) Statement - USD ($)
shares in Thousands, $ in Thousands

Total

Common Stock

Capital in Excess of Par Value

Retained Earnings

Accumulated Other Comprehensive (Loss) Income

Beginning balance (in shares) at Oct. 28, 2017

^[1]

368,636

Beginning balance at Oct. 28, 2017

^[1]

$ 61,441

$ 5,250,519

$ 5,179,024

$ (61,359)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

293,240

Dividends declared and paid

166,719

Issuance of stock under stock plans and other (in shares)

1,251

Issuance of stock under stock plans and other

$ 208

37,604

Other comprehensive income

37,902

$ 17,002

^[2]

17,002

Common stock repurchased (in shares)

(83)

Common stock repurchased

$ (14)

(7,916)

Ending balance (in shares) at Feb. 03, 2018

369,804

Ending balance at Feb. 03, 2018

$ 61,635

5,318,109

5,305,545

(44,357)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Effect of accounting standards | Accounting Standards Update 2016-16

331,026

Beginning balance (in shares) at Nov. 03, 2018

^[1]

370,160

Beginning balance at Nov. 03, 2018

11,268,173

^[3]

$ 61,694

^[1]

5,282,222

^[1]

5,982,697

^[1]

(58,440)

^[1]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

355,006

Dividends declared and paid

177,716

Issuance of stock under stock plans and other (in shares)

771

Issuance of stock under stock plans and other

$ 129

19,100

Other comprehensive income

36,393

(19,581)

Common stock repurchased (in shares)

(2,617)

Common stock repurchased

$ (436)

(226,657)

Ending balance (in shares) at Feb. 02, 2019

368,314

Ending balance at Feb. 02, 2019

$ 11,585,437

$ 61,387

$ 5,111,058

$ 6,491,013

$ (78,021)

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[3]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

^[2]

Cash flows from operating activities:

Adjustments to reconcile net income to net cash provided by operations:

$ 355,006

$ 293,240

^[1]

Depreciation

58,293

56,415

142,292

142,050

Non-cash portion of special charge

36,393

37,902

4,367

Changes in operating assets and liabilities

15,652

(677,603)

Other non-cash activity

6,693

6,762

(246,929)

529,922

Total adjustments

16,761

95,448

Net cash provided by operating activities

371,767

388,688

Cash flows from investing activities:

Additions to property, plant and equipment

(90,993)

(63,222)

Changes in other assets

(5,222)

(1,278)

Net cash used for investing activities

(96,215)

(64,500)

Cash flows from financing activities:

Proceeds from revolver

75,000

Payments on revolver

(75,000)

Debt repayments

(100,000)

(420,000)

Dividend payments to shareholders

(177,716)

(166,719)

Repurchase of common stock

(227,093)

(7,930)

Proceeds from employee stock plans

19,229

37,812

Changes in other financing activities

(569)

8,811

Net cash used for financing activities

(486,149)

(548,026)

Effect of exchange rate changes on cash

(130)

3,550

Net decrease in cash and cash equivalents

(210,727)

(220,288)

Cash and cash equivalents at beginning of period

816,591

^[3]

1,047,838

Cash and cash equivalents at end of period

$ 605,864

$ 827,550

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[3]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Basis of Presentation

3 Months Ended

Feb. 02, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

In the opinion of management, the information furnished in the accompanying condensed consolidated financial statements reflects all normal recurring adjustments that are necessary to fairly state the results for these interim periods and should be read in conjunction with Analog Devices, Inc.’s (the Company) Annual Report on Form 10-K for the fiscal year ended November 3, 2018 (fiscal 2018) and related notes. The results of operations for the interim periods shown in this report are not necessarily indicative of the results that may be expected for the fiscal year ending November 2, 2019 (fiscal 2019) or any future period.

The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Fiscal 2019 is a 52-week fiscal year and fiscal 2018 was a 53-week fiscal year. The additional week in fiscal 2018 was included in the first quarter ended February 3, 2018. Therefore, the first three months of fiscal 2019 included one less week of operations as compared to the first three months of fiscal 2018. Certain amounts reported in previous periods have been reclassified to conform to the fiscal 2019 presentation.

As further discussed in Note 2, Revenue Recognition and Note 13, New Accounting Pronouncements, the Company adopted the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09), in the first quarter of fiscal 2019. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period showing, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized as of the date of initial application. The Company adopted ASU 2014-09 using the full retrospective method and applied the practical expedient, in which the Company is not required to disclose the amount of consideration allocated to any remaining performance obligations or an explanation of when the Company expects to recognize that amount as revenue for all reporting periods presented before the date of the initial application.

As a result of the adoption of ASU 2014-09, the Company changed its accounting policy for revenue recognition and recognizes revenue from product sales to its customers and distributors when title passes, which is generally upon shipment. Prior to the adoption of ASU 2014-09, revenue and the related cost of sales on shipments to certain distributors were deferred until the distributor resold the products to their end customers. See Note 2, Revenue Recognition, in these Notes to Condensed Consolidated Financial Statements for the details of the Company’s revenue recognition policies. The adoption of ASU 2014-09 impacted the Company’s condensed consolidated statements of income and balance sheets but did not impact its condensed consolidated statements of cash flows, with the exceptions of net income and reclassifications within adjustments to reconcile net income to cash provided by operations and did not impact the condensed consolidated statement of shareholders' equity, with the exceptions of retained earnings and net income. As shown in the tables below, pursuant to the guidance in ASU 2014-09, the Company restated its historical financial results to be consistent with the standard. Accordingly, the amounts for all periods presented in this Form 10-Q reflect the impact of ASU 2014-09.



Condensed Consolidated Statement of Income	Three Months Ended February 3, 2018
(thousands, except per share amounts)	As Reported			Impact of Adoption		As Adjusted
Revenue	$	1,518,624		$	48,246	$	1,566,870
Cost of sales	483,434			11,753		495,187
Gross margin	1,035,190			36,493		1,071,683
Operating expenses:
Research and development	288,597			—		288,597
Selling, marketing, general and administrative	176,908			—		176,908
Amortization of intangibles	107,019			—		107,019
Special charges	57,318			—		57,318
	629,842			—		629,842
Operating income	405,348			36,493		441,841
Nonoperating expense (income):
Interest expense	68,030			—		68,030
Interest income	(2,092		)	—		(2,092		)
Other, net	556			—		556
	66,494			—		66,494
Income before income taxes	338,854			36,493		375,347
Provision for income taxes	70,682			11,425		82,107
Net income	$	268,172		$	25,068	$	293,240
Shares used to compute earnings per common share – basic	369,093			—		369,093
Shares used to compute earnings per common share – diluted	374,189			—		374,189
Basic earnings per common share	$	0.72		$	0.07	$	0.79
Diluted earnings per common share	$	0.71		$	0.07	$	0.78

The impact on the Company's previously reported condensed consolidated balance sheet line items is as follows:



	November 3, 2018
(thousands)	As Reported		Impact of Adoption			As Adjusted
Deferred tax assets	$	21,078	$	(19,353	)	$	1,725
Deferred income on shipments to distributors, net	$	487,417	$	(487,417	)	$	—
Accrued liabilities	$	497,080	$	133,027		$	630,107
Deferred income taxes	$	927,065	$	55,404		$	982,469
Retained earnings	$	5,703,064	$	279,633		$	5,982,697

In addition, in the first quarter of fiscal 2019, the Company adopted ASU 2016-16, Income Taxes (Topic 740) (ASU 2016-16) using the modified retrospective method with a cumulative-effect adjustment directly to retained earnings. ASU 2016-16 requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The adoption of ASU 2016-16 resulted in the following cumulative-effect increase in the Company's deferred tax assets, deferred tax liabilities and retained earnings as follows:



	November 4, 2018
(thousands)	Beginning Balance November 3, 2018 as Adjusted		Impact of Adoption of ASU 2016-16		Balance November 4, 2018
Deferred tax assets	$	1,725	$	1,655,129	$	1,656,854
Deferred income taxes	$	982,469	$	1,324,103	$	2,306,572
Retained earnings	$	5,982,697	$	331,026	$	6,313,723

See Note 13, New Accounting Pronouncements, and Note 12, Income Taxes, in these Notes to Condensed Consolidated Financial Statements for more information on the adoption of ASU 2016-16.

Revenue Recognition	3 Months Ended
Revenue Recognition	Feb. 02, 2019
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition Revenue Recognition Policy: In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, to achieve a consistent application of revenue recognition, resulting in a single revenue model to be applied by reporting companies under U.S. generally accepted accounting principles. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the providing entity expects to be entitled in exchange for those goods or services. As a result of the adoption of ASU 2014-09, at the beginning of the first quarter of fiscal year 2019, the Company revised its revenue recognition policy. The Company now recognizes revenue upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Under ASU 2014-09, the Company recognizes revenue when all of the following criteria are met: (1) the Company has entered into a binding agreement, (2) the performance obligations have been identified, (3) the transaction price to the customer has been determined, (4) the transaction price has been allocated to the performance obligations in the contract, and (5) the performance obligations have been satisfied. The majority of the Company's shipping terms permit the Company to recognize revenue at point of shipment or delivery. Certain shipping terms require the goods to be through customs or be received by the customer before title passes. In those instances, the Company defers the revenue recognized until title has passed. Shipping costs are charged to cost of sales as incurred. Sales taxes are excluded from revenue. Revenue from contracts with the United States government, government prime contractors and certain commercial customers is recorded over time using either units delivered or costs incurred as the measurement basis for progress toward completion. These measures are 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, subcontract 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. Performance Obligations: Substantially all of the Company’s contracts with customers contain a single performance obligation, the sale of mixed-signal integrated circuit (IC) products. Such sales represent a single performance obligation because the sale is one type of good or includes multiple goods that are neither capable of being distinct nor separable from the other promises in the contract. This performance obligation is satisfied when control of the product is transferred to the customer, which occurs upon shipment or delivery. Unsatisfied performance obligations primarily represent contracts for products with future delivery dates and with an original expected duration of one year or less. As allowed under ASU 2014-09, the Company has opted to not disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year. 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. Transaction Price: The transaction price reflects the Company’s expectations about the consideration it will be entitled to receive from the customer and may include fixed or variable amounts. Fixed consideration primarily includes sales to direct customers and sales to distributors in which both the sale to the distributor and the sale to the end customer occur within the same reporting period. Variable consideration includes sales in which the amount of consideration that the Company will receive is unknown as of the end of a reporting period. Such consideration primarily includes sales made to distributors under agreements that allow certain rights of return, referred to as stock rotation, and credits issued to the distributor due to price protection. Stock rotation allows distributors limited levels of returns in order to reduce the amounts of slow-moving, discontinued or obsolete product from their inventory. Price protection represents price discounts granted to certain distributors to allow the distributor to earn an appropriate margin on sales negotiated with certain customers and in the event of a price decrease subsequent to the date the product was shipped and billed to the distributor. A refund liability for distributor credits covering variable consideration are made based on the Company's estimate of historical experience rates as well as considering economic conditions and contractual terms. To date, actual distributor claims activity has been materially consistent with the provisions we have made based on our historical estimates. Contract Balances: Accounts receivable represents the Company’s unconditional right to receive consideration from its customers. Payments are typically due within 30 to 45 days of invoicing and do not include a significant financing component. To date, there have been no material impairment losses on accounts receivable. There were no material contract assets or contract liabilities recorded on the condensed consolidated balance sheet in any of the periods presented.

Stock-Based Compensation and Shareholders' Equity

3 Months Ended

Feb. 02, 2019

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

Stock-Based Compensation and Shareholders' Equity

A summary of the Company’s stock option activity as of February 2, 2019 and changes during the three-month period then ended is presented below:



Activity during the Three Months Ended February 2, 2019	Options Outstanding (in thousands)		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding at November 3, 2018	7,297			$58.42
Options granted	26			$91.44
Options exercised	(511	)		$37.93
Options forfeited	(65	)		$70.07
Options expired	(6	)		$21.97
Options outstanding at February 2, 2019	6,741			$60.03	6.0		$273,128
Options exercisable at February 2, 2019	3,582			$50.62	4.8		$178,817
Options vested or expected to vest at February 2, 2019 (1)	6,562			$59.56	6.0		$268,918


(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.

During the three-month period ended February 2, 2019, 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) was $27.1 million, and the total amount of proceeds received by the Company from the exercise of these options was $19.2 million.

During the three-month period ended February 3, 2018, 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) was $53.9 million, and the total amount of proceeds received by the Company from the exercise of these options was $37.8 million.

A summary of the Company’s restricted stock unit/award activity as of February 2, 2019 and changes during the three-month period then ended is presented below:



Activity during the Three Months Ended February 2, 2019	Restricted Stock Units/Awards Outstanding (in thousands)		Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units/awards outstanding at November 3, 2018	5,289			$77.54
Units/Awards granted	56			$80.94
Restrictions lapsed	(257	)		$73.62
Forfeited	(103	)		$78.41
Restricted stock units/awards outstanding at February 2, 2019	4,985			$77.76

As of February 2, 2019, there was $312.9 million of total unrecognized compensation cost related to unvested stock-based awards comprised of stock options and restricted stock units/awards. That cost is expected to be recognized over a weighted-average period of 1.5 years. The total grant-date fair value of shares that vested during the three-month period ended February 2, 2019 was approximately $19.6 million. The total grant-date fair value of shares that vested during the three-month period ended February 3, 2018 was approximately $20.4 million.

Common Stock Repurchases

As of February 2, 2019, the Company had repurchased a total of approximately 151.5 million shares of its common stock for approximately $5.8 billion under the Company's share repurchase program. As of February 2, 2019, an additional $2.4 billion remains available for repurchase of shares under the current authorized program.

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Feb. 02, 2019

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following table provides the changes in accumulated other comprehensive income (loss) (OCI) by component and the related tax effects during the first three months of fiscal 2019.



	Foreign currency translation adjustment			Unrealized holding gains on available for sale securities			Unrealized holding (losses) on available for sale securities			Unrealized holding gains (losses) on derivatives			Pension plans			Total
November 3, 2018	$	(28,711	)	$	(1	)	$	(9	)	$	(14,355	)	$	(15,364	)	$	(58,440	)
Other comprehensive income (loss) before reclassifications	3,315			4			7			(31,847		)	(163		)	(28,684		)
Amounts reclassified out of other comprehensive income (loss)	—			—			—			2,528			257			2,785
Tax effects	—			—			—			6,381			(63		)	6,318
Other comprehensive income (loss)	3,315			4			7			(22,938		)	31			(19,581		)
February 2, 2019	$	(25,396	)	$	3		$	(2	)	$	(37,293	)	$	(15,333	)	$	(78,021	)

The amounts reclassified out of accumulated OCI into the Condensed Consolidated Statement of Income with presentation location during each period were as follows:



	Three Months Ended
Comprehensive Income Component	February 2, 2019			February 3, 2018			Location
Unrealized holding losses (gains) on derivatives
Currency forwards	$	719		$	(1,275	)	Cost of sales
	848			(1,069		)	Research and development
	915			(969		)	Selling, marketing, general and administrative
Interest rate derivatives	46			630			Interest expense
	2,528			(2,683		)	Total before tax
	(508		)	344			Tax
	$	2,020		$	(2,339	)	Net of tax

Amortization of pension components
Transition obligation	$	—		$	2		(a)
Actuarial losses	257			425			(a)
	257			427			Total before tax
	(63		)	(103		)	Tax
	$	194		$	324		Net of tax

Total amounts reclassified out of accumulated other comprehensive income (loss), net of tax	$	2,214		$	(2,015	)

______________

(a) The amortization of pension components is included in the computation of net periodic pension cost. For further information see Note 11, Retirement Plans, in the Notes to Consolidated Financial Statements in Item 8 of the Annual Report on Form 10-K for the fiscal year ended November 3, 2018.

The Company estimates $0.8 million, net of tax, of losses of forward foreign currency derivative instruments included in OCI will be reclassified into earnings within the next 12 months. There was no material ineffectiveness recorded within OCI related to designated forward foreign currency derivative instruments in the three-month periods ended February 2, 2019 and February 3, 2018.

As of February 2, 2019, the Company held 10 investment securities, 4 of which were in an unrealized loss position with immaterial gross unrealized losses and an aggregate fair value of $74.9 million. 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. 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 February 2, 2019 and November 3, 2018.

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

Earnings Per Share

3 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Unvested restricted stock awards that entitle recipients to voting and nonforfeitable dividend rights from the date of grant 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:



	Three Months Ended
	February 2, 2019		February 3, 2018 (1)
Net Income	$	355,006	$	293,240
Less: income allocated to participating securities	1,037		1,243
Net income allocated to common stockholders	$	353,969	$	291,997

Basic shares:
Weighted-average shares outstanding	368,703		369,093
Earnings per common share basic:	$	0.96	$	0.79
Diluted shares:
Weighted-average shares outstanding	368,703		369,093
Assumed exercise of common stock equivalents	3,803		5,096
Weighted-average common and common equivalent shares	372,506		374,189
Earnings per common share diluted:	$	0.95	$	0.78
Anti-dilutive shares related to:
Outstanding share-based awards	2,011		1,472

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.

Special Charges

3 Months Ended

Feb. 02, 2019

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 is a roll-forward from November 3, 2018 to February 2, 2019 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			Reposition Action
Balance at November 3, 2018	$	42,974		$	5,255		$	9,897		$	—
Fiscal 2019 special charges	1,127			—			—			20,655
Severance and other payments	—			(2,489		)	(2,766		)	(1,051		)
Non-cash impairment charge	—			—			—			(4,367		)
Effect of foreign currency on accrual	(14		)	4			—			(2		)
Balance at February 2, 2019	$	44,087		$	2,770		$	7,131		$	15,235
Current - accrued liabilities	$	—		$	2,770		$	7,131		$	15,235
Other non-current liabilities	$	44,087		$	—		$	—		$	—

Repositioning Action

During the first quarter of fiscal 2019, the Company recorded a special charge of $20.7 million as a result of organizational initiatives to reposition the Company's global workforce skill set to align with the Company's long-term strategic plan. Approximately $16.3 million of the charge was for severance and fringe benefit costs in accordance with either the Company's ongoing benefit plan or statutory requirements for 114 engineering and selling, marketing, general and administrative (SMG&A) employees. As of February 2, 2019, the Company still employed 100 of the 114 employees included in this action. These employees must continue to be employed by the Company until their employment is involuntarily terminated in order to receive the severance benefits. The remaining $4.4 million of the charge related to the write off of acquired intellectual property due to the Company's decision to discontinue certain product development strategies.

Closure of Manufacturing Facilities

The Company recorded special charges of $44.1 million on a cumulative basis through February 2, 2019 as a result of its decision to consolidate certain wafer and test facility operations acquired as part of the acquisition of Linear Technology Corporation (Linear). 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 charges include severance and fringe benefit costs, in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations, and one-time termination benefits for 1,249 manufacturing, engineering and SMG&A employees.

Employees included in this action must continue to be employed by the Company until their employment is terminated in order to receive the severance benefits.

Segment Information

3 Months Ended

Feb. 02, 2019

Segment Reporting [Abstract]

Segment Information

The Company designs, develops, manufactures and markets a broad range of integrated circuits (ICs). The Company operates and tracks its results in one reportable segment based on the aggregation of eight operating segments. The Chief Executive Officer has been identified as the Company's Chief Operating Decision Maker.

Revenue Trends by End Market

The following table summarizes revenue by end market for the three-month periods ended February 2, 2019 and February 3, 2018. 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.



	Three Months Ended
	February 2, 2019						February 3, 2018
	Revenue		% of Revenue		Y/Y%		Revenue (1)		% of Revenue
Industrial	$	728,122	47	%	(7	)%	$	781,317	50	%
Automotive	259,484		17	%	(2	)%	263,575		17	%
Consumer	208,334		14	%	(21	)%	264,510		17	%
Communications	345,161		22	%	34	%	257,468		16	%
Total revenue	$	1,541,101	100	%	(2	)%	$	1,566,870	100	%

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.

Revenue by Sales Channel

The Company sells its products globally through a direct sales force, third party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment manufacturers (OEMs). Other customers include the U.S. government, government prime contractors and some commercial customers. The following table summarizes revenue by channel, for the three-month periods ended February 2, 2019 and February 3, 2018:



	Three Months Ended
	February 2, 2019				February 3, 2018
	Revenue		% of Revenue		Revenue (1)		% of Revenue
Channel
Distributors	$	829,243	54	%	$	865,012	55	%
Direct Customers	695,489		45	%	673,403		43	%
Other	16,369		1	%	28,455		2	%
Total Revenue	$	1,541,101	100	%	$	1,566,870	100	%

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.

Fair Value

3 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

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 February 2, 2019 and November 3, 2018. 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 February 2, 2019 and November 3, 2018, the Company held $242.9 million and $217.6 million, respectively, of cash and held-to-maturity investments that were excluded from the tables below.



	February 2, 2019
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds	$	258,105	$	—	$	258,105
Corporate obligations (1)	—		104,816		104,816
Other assets:
Deferred compensation investments	44,527		—		44,527
Total assets measured at fair value	$	302,632	$	104,816	$	407,448
Liabilities
Forward foreign currency exchange contracts (2)	—		1,457		1,457
Interest rate derivatives	—		34,162		34,162
Total liabilities measured at fair value	$	—	$	35,619	$	35,619


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of February 2, 2019 was $104.9 million.


(2)	The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements.



	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)		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 master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements.

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 the interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivative.

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 are obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy. See Note 10, Debt, in these Notes to Condensed Consolidated Financial Statements for further discussion related to outstanding debt.



	February 2, 2019				November 3, 2018
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
3-Year term loan	$	325,000	325,000		425,000		425,000
5-Year term loan	1,350,000		1,350,000		1,350,000		1,350,000
2020 Notes, due March 2020	300,000		299,303		300,000		298,147
2021 Notes, due January 2021	450,000		447,199		450,000		444,568
2021 Notes, due December 2021	400,000		390,394		400,000		386,375
2023 Notes, due June 2023	500,000		485,170		500,000		479,189
2023 Notes, due December 2023	550,000		535,598		550,000		529,120
2025 Notes, due December 2025	850,000		838,224		850,000		829,611
2026 Notes, due December 2026	900,000		866,748		900,000		848,027
2036 Notes, due December 2036	250,000		236,160		250,000		232,627
2045 Notes, due December 2045	400,000		425,539		400,000		407,984
Total Debt	$	6,275,000	$	6,199,335	$	6,375,000	$	6,230,648

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivatives

3 Months Ended

Feb. 02, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

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 Philippine Peso, the Japanese Yen and the British Pound. 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 OCI in shareholders’ equity and reclassified into earnings 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 February 2, 2019 and November 3, 2018 was $197.4 million and $194.4 million, respectively. The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s condensed consolidated balance sheets as of February 2, 2019 and November 3, 2018 was as follows:



		Fair Value At
	Balance Sheet Location	February 2, 2019		November 3, 2018
Forward foreign currency exchange contracts	Accrued liabilities	$	1,553	$	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 February 2, 2019 and November 3, 2018, the total notional amount of these undesignated hedges was $59.1 million and $40.6 million, respectively. The fair value of these hedging instruments in the Company’s condensed consolidated balance sheets was immaterial as of February 2, 2019 and November 3, 2018.

All 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 condensed consolidated balance sheet on a net basis. As of February 2, 2019 and November 3, 2018, 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 condensed consolidated balance sheet:



	February 2, 2019			November 3, 2018
Gross amount of recognized liabilities	$	(3,563	)	$	(8,054	)
Gross amounts of recognized assets offset in the condensed consolidated balance sheet	2,106			904
Net liabilities presented in the condensed consolidated balance sheet	$	(1,457	)	$	(7,150	)

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. In the first quarter of fiscal 2019, the Company entered into an interest rate swap agreement which locked in the interest rate for up to $1.0 billion in future debt issuances. The interest rate swap agreement was designated and qualified as a cash flow hedge. The fair value of this hedge was $34.2 million as of February 2, 2019 and is included within accrued liabilities in the Company's condensed consolidated balance sheets.

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 February 2, 2019 and November 3, 2018, 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 condensed 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 condensed consolidated statement of income as the impact of the hedged transaction when the underlying contract matures and, for interest rate exposure derivatives, over the term of the corresponding debt instrument. 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 condensed consolidated statement of income related to forward foreign currency exchange contracts, see Note 4, Accumulated Other Comprehensive Income (Loss), in these Notes to Condensed Consolidated Financial Statements for further information.

Debt	3 Months Ended
Debt	Feb. 02, 2019
Debt Disclosure [Abstract]
Debt	Debt 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. In December 2018, the Company borrowed $75.0 million under this revolving credit facility and utilized the proceeds for the repayment of existing indebtedness and working capital requirements. The Company repaid the $75 million plus interest of $0.2 million in January 2019. The Company may borrow under this revolving credit facility in the future and use the proceeds for repayment of existing indebtedness, stock repurchases, acquisitions, capital expenditures, working capital and other lawful corporate purposes. During the three-month period ended February 2, 2019, the Company made an additional principal payment of $100.0 million on its 3-year unsecured term loan. These amounts were not contractually due under the terms of the loan.

Inventories

3 Months Ended

Feb. 02, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories at February 2, 2019 and November 3, 2018 were as follows:



	February 2, 2019		November 3, 2018
Raw materials	$	35,667	$	30,511
Work in process	384,273		375,908
Finished goods	173,271		180,341
Total inventories	$	593,211	$	586,760

Income Taxes	3 Months Ended
Income Taxes	Feb. 02, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Tax Cuts and Jobs Act of 2017 (Tax Legislation), enacted in December 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 resulted in a blended statutory income tax rate for the Company of 23.4% for fiscal 2018. For fiscal 2019, the Company’s U.S. statutory income tax rate was reduced to the statutory income tax rate of 21.0%. In fiscal 2018, the Company recorded a provisional tax benefit of $637.0 million for the re-measurement of deferred tax assets and liabilities based on the rates to which they are expected to reverse in the future, which is generally 21.0%. The Tax Legislation also implemented a territorial tax system. As part of transitioning to the territorial tax system, the Tax Legislation included a one-time transition tax based on the Company's total post-1986 undistributed foreign earnings and profits 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. In the first quarter of fiscal 2019, the Company adjusted its provisional net charge by recording an additional tax benefit of $7.5 million for a change to its estimate for the transition tax due to the finalization of the aggregate foreign cash positions. The Tax Legislation subjects U.S. corporations to tax on its global intangible low-taxed income (GILTI). Under U.S. GAAP, an accounting policy election can be made to either treat taxes due on the GILTI inclusion as a current period expense or to recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years. The Company elected the deferral method and recorded the corresponding GILTI deferred tax assets and liabilities on our consolidated balance sheet. The Company completed its accounting for the income tax effects of the Tax Legislation during the first quarter of 2019, in accordance with the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 118. As of February 2, 2019, the U.S. Treasury Department and the Internal Revenue Service (IRS) are still in the process of issuing various regulations relating to the Tax Legislation. Furthermore, there is a possibility that Congress could enact technical corrections to the Tax Legislation in the future. Accordingly, future adjustments to the financial statements may be necessary as the regulations are issued and when the Company files its fiscal year 2018 tax returns with the IRS and foreign tax authorities. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) (ASU 2016-16). ASU 2016-16 requires 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. The Company adopted ASU 2016-16 in the first quarter of fiscal 2019 using the modified retrospective method with a cumulative-effect adjustment directly to retained earnings. The Company adopted the guidance as effective November 4, 2018. The adoption of ASU 2016-16 resulted in a net cumulative-effect adjustment that resulted in an increase in retained earnings of $331.0 million, by recording new deferred tax assets from intra-entity transfers involving assets other than inventory, partially offset by a U.S. deferred tax liability related to GILTI. Adoption of the standard resulted in an increase in long-term deferred tax assets of $1.7 billion and an increase in long-term deferred tax liabilities of $1.3 billion. The Company has numerous income tax audits ongoing at any time throughout the world, including an Internal Revenue Service audit for Linear’s pre-acquisition fiscal years 2015, 2016 and 2017, various U.S. state and local tax audits, and international audits including the transfer pricing audit in Ireland discussed below. Except for 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 $49.0 million (as of February 2, 2019), 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. On February 19, 2019, Irish Revenue notified the Company that it is initiating a transfer pricing audit of fiscal years 2014 through 2017. 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.

New Accounting Pronouncements

3 Months Ended

Feb. 02, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements

Standards Implemented

Revenue Recognition

In May 2014, the FASB issued 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 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. The Company adopted ASU 2014-09 in the first quarter of fiscal 2019 using the full retrospective method and restated prior periods. As a result of the adoption of ASU 2014-09 the Company changed its accounting policy for revenue recognition. See Note 1, Basis of Presentation, and Note 2, Revenue Recognition, in these Notes to Condensed Consolidated Financial Statements for details of the impact of ASU 2014-09 on the Company's financial statements.

Income Taxes

In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) (ASU 2016-16). ASU 2016-16 requires 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. The Company adopted ASU 2016-16 in the first quarter of fiscal 2019 using the modified retrospective method with a cumulative-effect adjustment directly to retained earnings. The adoption of ASU 2016-16 resulted in a net cumulative-effect adjustment that resulted in an increase in retained earnings of $331.0 million, by recording new deferred tax assets from intra-entity transfers involving assets other than inventory, partially offset by a U.S. deferred tax liability related to GILTI. Adoption of the standard resulted in an increase in long-term deferred tax assets of $1.7 billion million and an increase in long-term deferred tax liabilities of $1.3 billion.

Other

The following standards were adopted during the first quarter of fiscal 2019 and did not have a material impact on the Company's financial position and results of operations:


•	ASU 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business.


•	ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.


•	ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.


•	ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting.


•	ASU 2017-07, Improving the Presentation of Net Period Pension Cost and Net Period Postretirement Benefit Cost.

Standards to Be Implemented

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 Legislation 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.

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 exist 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 impact adoption will have on its financial position and results of operations.

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.

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 2021. The Company is currently evaluating the adoption date and the impact, if any, adoption will have on its financial position and results of operations.

Subsequent Events	3 Months Ended
Subsequent Events	Feb. 02, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 19, 2019, the Board of Directors of the Company declared a cash dividend of $0.54 per outstanding share of common stock. The dividend will be paid on March 12, 2019 to all shareholders of record at the close of business on March 1, 2019.

Basis of Presentation (Policies)

3 Months Ended

Feb. 02, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Fiscal Period

Reclassification

The adoption of ASU 2014-09 impacted the Company’s condensed consolidated statements of income and balance sheets but did not impact its condensed consolidated statements of cash flows, with the exceptions of net income and reclassifications within adjustments to reconcile net income to cash provided by operations and did not impact the condensed consolidated statement of shareholders' equity, with the exceptions of retained earnings and net income. As shown in the tables below, pursuant to the guidance in ASU 2014-09, the Company restated its historical financial results to be consistent with the standard. Accordingly, the amounts for all periods presented in this Form 10-Q reflect the impact of ASU 2014-09.



Condensed Consolidated Statement of Income	Three Months Ended February 3, 2018
(thousands, except per share amounts)	As Reported			Impact of Adoption		As Adjusted
Revenue	$	1,518,624		$	48,246	$	1,566,870
Cost of sales	483,434			11,753		495,187
Gross margin	1,035,190			36,493		1,071,683
Operating expenses:
Research and development	288,597			—		288,597
Selling, marketing, general and administrative	176,908			—		176,908
Amortization of intangibles	107,019			—		107,019
Special charges	57,318			—		57,318
	629,842			—		629,842
Operating income	405,348			36,493		441,841
Nonoperating expense (income):
Interest expense	68,030			—		68,030
Interest income	(2,092		)	—		(2,092		)
Other, net	556			—		556
	66,494			—		66,494
Income before income taxes	338,854			36,493		375,347
Provision for income taxes	70,682			11,425		82,107
Net income	$	268,172		$	25,068	$	293,240
Shares used to compute earnings per common share – basic	369,093			—		369,093
Shares used to compute earnings per common share – diluted	374,189			—		374,189
Basic earnings per common share	$	0.72		$	0.07	$	0.79
Diluted earnings per common share	$	0.71		$	0.07	$	0.78

Revenue Recognition

Revenue Recognition Policy: In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, to achieve a consistent application of revenue recognition, resulting in a single revenue model to be applied by reporting companies under U.S. generally accepted accounting principles. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the providing entity expects to be entitled in exchange for those goods or services. As a result of the adoption of ASU 2014-09, at the beginning of the first quarter of fiscal year 2019, the Company revised its revenue recognition policy. The Company now recognizes revenue upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Under ASU 2014-09, the Company recognizes revenue when all of the following criteria are met: (1) the Company has entered into a binding agreement, (2) the performance obligations have been identified, (3) the transaction price to the customer has been determined, (4) the transaction price has been allocated to the performance obligations in the contract, and (5) the performance obligations have been satisfied. The majority of the Company's shipping terms permit the Company to recognize revenue at point of shipment or delivery. Certain shipping terms require the goods to be through customs or be received by the customer before title passes. In those instances, the Company defers the revenue recognized until title has passed. Shipping costs are charged to cost of sales as incurred. Sales taxes are excluded from revenue.

Revenue from contracts with the United States government, government prime contractors and certain commercial customers is recorded over time using either units delivered or costs incurred as the measurement basis for progress toward completion. These measures are 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, subcontract 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.

Performance Obligations: Substantially all of the Company’s contracts with customers contain a single performance obligation, the sale of mixed-signal integrated circuit (IC) products. Such sales represent a single performance obligation because the sale is one type of good or includes multiple goods that are neither capable of being distinct nor separable from the other promises in the contract. This performance obligation is satisfied when control of the product is transferred to the customer, which occurs upon shipment or delivery. Unsatisfied performance obligations primarily represent contracts for products with future delivery dates and with an original expected duration of one year or less. As allowed under ASU 2014-09, the Company has opted to not disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year. 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.

Transaction Price: The transaction price reflects the Company’s expectations about the consideration it will be entitled to receive from the customer and may include fixed or variable amounts. Fixed consideration primarily includes sales to direct customers and sales to distributors in which both the sale to the distributor and the sale to the end customer occur within the same reporting period. Variable consideration includes sales in which the amount of consideration that the Company will receive is unknown as of the end of a reporting period. Such consideration primarily includes sales made to distributors under agreements that allow certain rights of return, referred to as stock rotation, and credits issued to the distributor due to price protection. Stock rotation allows distributors limited levels of returns in order to reduce the amounts of slow-moving, discontinued or obsolete product from their inventory. Price protection represents price discounts granted to certain distributors to allow the distributor to earn an appropriate margin on sales negotiated with certain customers and in the event of a price decrease subsequent to the date the product was shipped and billed to the distributor. A refund liability for distributor credits covering variable consideration are made based on the Company's estimate of historical experience rates as well as considering economic conditions and contractual terms. To date, actual distributor claims activity has been materially consistent with the provisions we have made based on our historical estimates.

Contract Balances: Accounts receivable represents the Company’s unconditional right to receive consideration from its customers. Payments are typically due within 30 to 45 days of invoicing and do not include a significant financing component. To date, there have been no material impairment losses on accounts receivable. There were no material contract assets or contract liabilities recorded on the condensed consolidated balance sheet in any of the periods presented.

Fair Value

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 the interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivative.

Derivatives

New Accounting Pronouncements

Standards Implemented

Revenue Recognition

Income Taxes

Other

The following standards were adopted during the first quarter of fiscal 2019 and did not have a material impact on the Company's financial position and results of operations:


•	ASU 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business.


•	ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.


•	ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.


•	ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting.


•	ASU 2017-07, Improving the Presentation of Net Period Pension Cost and Net Period Postretirement Benefit Cost.

Standards to Be Implemented

Comprehensive Income

Leases

Retirement Benefits

Financial Instruments

Basis of Presentation (Tables)

3 Months Ended

Feb. 02, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The adoption of ASU 2016-16 resulted in the following cumulative-effect increase in the Company's deferred tax assets, deferred tax liabilities and retained earnings as follows:



	November 4, 2018
(thousands)	Beginning Balance November 3, 2018 as Adjusted		Impact of Adoption of ASU 2016-16		Balance November 4, 2018
Deferred tax assets	$	1,725	$	1,655,129	$	1,656,854
Deferred income taxes	$	982,469	$	1,324,103	$	2,306,572
Retained earnings	$	5,982,697	$	331,026	$	6,313,723

See Note 13, New Accounting Pronouncements, and Note 12, Income Taxes, in these Notes to Condensed Consolidated Financial Statements for more information on the adoption of ASU 2016-16.

Accordingly, the amounts for all periods presented in this Form 10-Q reflect the impact of ASU 2014-09.



Condensed Consolidated Statement of Income	Three Months Ended February 3, 2018
(thousands, except per share amounts)	As Reported			Impact of Adoption		As Adjusted
Revenue	$	1,518,624		$	48,246	$	1,566,870
Cost of sales	483,434			11,753		495,187
Gross margin	1,035,190			36,493		1,071,683
Operating expenses:
Research and development	288,597			—		288,597
Selling, marketing, general and administrative	176,908			—		176,908
Amortization of intangibles	107,019			—		107,019
Special charges	57,318			—		57,318
	629,842			—		629,842
Operating income	405,348			36,493		441,841
Nonoperating expense (income):
Interest expense	68,030			—		68,030
Interest income	(2,092		)	—		(2,092		)
Other, net	556			—		556
	66,494			—		66,494
Income before income taxes	338,854			36,493		375,347
Provision for income taxes	70,682			11,425		82,107
Net income	$	268,172		$	25,068	$	293,240
Shares used to compute earnings per common share – basic	369,093			—		369,093
Shares used to compute earnings per common share – diluted	374,189			—		374,189
Basic earnings per common share	$	0.72		$	0.07	$	0.79
Diluted earnings per common share	$	0.71		$	0.07	$	0.78

The impact on the Company's previously reported condensed consolidated balance sheet line items is as follows:



	November 3, 2018
(thousands)	As Reported		Impact of Adoption			As Adjusted
Deferred tax assets	$	21,078	$	(19,353	)	$	1,725
Deferred income on shipments to distributors, net	$	487,417	$	(487,417	)	$	—
Accrued liabilities	$	497,080	$	133,027		$	630,107
Deferred income taxes	$	927,065	$	55,404		$	982,469
Retained earnings	$	5,703,064	$	279,633		$	5,982,697

Stock-Based Compensation and Shareholders' Equity (Tables)

3 Months Ended

Feb. 02, 2019

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

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

A summary of the Company’s stock option activity as of February 2, 2019 and changes during the three-month period then ended is presented below:



Activity during the Three Months Ended February 2, 2019	Options Outstanding (in thousands)		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding at November 3, 2018	7,297			$58.42
Options granted	26			$91.44
Options exercised	(511	)		$37.93
Options forfeited	(65	)		$70.07
Options expired	(6	)		$21.97
Options outstanding at February 2, 2019	6,741			$60.03	6.0		$273,128
Options exercisable at February 2, 2019	3,582			$50.62	4.8		$178,817
Options vested or expected to vest at February 2, 2019 (1)	6,562			$59.56	6.0		$268,918


(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.

Schedule of share-based compensation, restricted stock units award activity

A summary of the Company’s restricted stock unit/award activity as of February 2, 2019 and changes during the three-month period then ended is presented below:



Activity during the Three Months Ended February 2, 2019	Restricted Stock Units/Awards Outstanding (in thousands)		Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units/awards outstanding at November 3, 2018	5,289			$77.54
Units/Awards granted	56			$80.94
Restrictions lapsed	(257	)		$73.62
Forfeited	(103	)		$78.41
Restricted stock units/awards outstanding at February 2, 2019	4,985			$77.76

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Feb. 02, 2019

Equity [Abstract]

Components of accumulated other comprehensive loss, net of tax

The following table provides the changes in accumulated other comprehensive income (loss) (OCI) by component and the related tax effects during the first three months of fiscal 2019.



	Foreign currency translation adjustment			Unrealized holding gains on available for sale securities			Unrealized holding (losses) on available for sale securities			Unrealized holding gains (losses) on derivatives			Pension plans			Total
November 3, 2018	$	(28,711	)	$	(1	)	$	(9	)	$	(14,355	)	$	(15,364	)	$	(58,440	)
Other comprehensive income (loss) before reclassifications	3,315			4			7			(31,847		)	(163		)	(28,684		)
Amounts reclassified out of other comprehensive income (loss)	—			—			—			2,528			257			2,785
Tax effects	—			—			—			6,381			(63		)	6,318
Other comprehensive income (loss)	3,315			4			7			(22,938		)	31			(19,581		)
February 2, 2019	$	(25,396	)	$	3		$	(2	)	$	(37,293	)	$	(15,333	)	$	(78,021	)

Reclassification out of Accumulated Other Comprehensive Income

The amounts reclassified out of accumulated OCI into the Condensed Consolidated Statement of Income with presentation location during each period were as follows:



	Three Months Ended
Comprehensive Income Component	February 2, 2019			February 3, 2018			Location
Unrealized holding losses (gains) on derivatives
Currency forwards	$	719		$	(1,275	)	Cost of sales
	848			(1,069		)	Research and development
	915			(969		)	Selling, marketing, general and administrative
Interest rate derivatives	46			630			Interest expense
	2,528			(2,683		)	Total before tax
	(508		)	344			Tax
	$	2,020		$	(2,339	)	Net of tax

Amortization of pension components
Transition obligation	$	—		$	2		(a)
Actuarial losses	257			425			(a)
	257			427			Total before tax
	(63		)	(103		)	Tax
	$	194		$	324		Net of tax

Total amounts reclassified out of accumulated other comprehensive income (loss), net of tax	$	2,214		$	(2,015	)

______________

Earnings Per Share (Tables)

3 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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



	Three Months Ended
	February 2, 2019		February 3, 2018 (1)
Net Income	$	355,006	$	293,240
Less: income allocated to participating securities	1,037		1,243
Net income allocated to common stockholders	$	353,969	$	291,997

Basic shares:
Weighted-average shares outstanding	368,703		369,093
Earnings per common share basic:	$	0.96	$	0.79
Diluted shares:
Weighted-average shares outstanding	368,703		369,093
Assumed exercise of common stock equivalents	3,803		5,096
Weighted-average common and common equivalent shares	372,506		374,189
Earnings per common share diluted:	$	0.95	$	0.78
Anti-dilutive shares related to:
Outstanding share-based awards	2,011		1,472

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.

Special Charges (Tables)

3 Months Ended

Feb. 02, 2019

Restructuring and Related Activities [Abstract]

Schedule of Accrued Restructuring

The following table is a roll-forward from November 3, 2018 to February 2, 2019 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			Reposition Action
Balance at November 3, 2018	$	42,974		$	5,255		$	9,897		$	—
Fiscal 2019 special charges	1,127			—			—			20,655
Severance and other payments	—			(2,489		)	(2,766		)	(1,051		)
Non-cash impairment charge	—			—			—			(4,367		)
Effect of foreign currency on accrual	(14		)	4			—			(2		)
Balance at February 2, 2019	$	44,087		$	2,770		$	7,131		$	15,235
Current - accrued liabilities	$	—		$	2,770		$	7,131		$	15,235
Other non-current liabilities	$	44,087		$	—		$	—		$	—

Segment Information (Tables)

3 Months Ended

Feb. 02, 2019

Segment Reporting [Abstract]

Disaggregation of Revenue



	Three Months Ended
	February 2, 2019						February 3, 2018
	Revenue		% of Revenue		Y/Y%		Revenue (1)		% of Revenue
Industrial	$	728,122	47	%	(7	)%	$	781,317	50	%
Automotive	259,484		17	%	(2	)%	263,575		17	%
Consumer	208,334		14	%	(21	)%	264,510		17	%
Communications	345,161		22	%	34	%	257,468		16	%
Total revenue	$	1,541,101	100	%	(2	)%	$	1,566,870	100	%

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.

Revenue by Sales Channel



	Three Months Ended
	February 2, 2019				February 3, 2018
	Revenue		% of Revenue		Revenue (1)		% of Revenue
Channel
Distributors	$	829,243	54	%	$	865,012	55	%
Direct Customers	695,489		45	%	673,403		43	%
Other	16,369		1	%	28,455		2	%
Total Revenue	$	1,541,101	100	%	$	1,566,870	100	%

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.

Fair Value (Tables)

3 Months Ended

Feb. 02, 2019

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities



	February 2, 2019
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds	$	258,105	$	—	$	258,105
Corporate obligations (1)	—		104,816		104,816
Other assets:
Deferred compensation investments	44,527		—		44,527
Total assets measured at fair value	$	302,632	$	104,816	$	407,448
Liabilities
Forward foreign currency exchange contracts (2)	—		1,457		1,457
Interest rate derivatives	—		34,162		34,162
Total liabilities measured at fair value	$	—	$	35,619	$	35,619


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of February 2, 2019 was $104.9 million.


(2)	The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements.



	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)		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 master netting arrangements by counterparty with respect to derivative contracts. See Note 9, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company's master netting arrangements.

Schedule of Debt



	February 2, 2019				November 3, 2018
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
3-Year term loan	$	325,000	325,000		425,000		425,000
5-Year term loan	1,350,000		1,350,000		1,350,000		1,350,000
2020 Notes, due March 2020	300,000		299,303		300,000		298,147
2021 Notes, due January 2021	450,000		447,199		450,000		444,568
2021 Notes, due December 2021	400,000		390,394		400,000		386,375
2023 Notes, due June 2023	500,000		485,170		500,000		479,189
2023 Notes, due December 2023	550,000		535,598		550,000		529,120
2025 Notes, due December 2025	850,000		838,224		850,000		829,611
2026 Notes, due December 2026	900,000		866,748		900,000		848,027
2036 Notes, due December 2036	250,000		236,160		250,000		232,627
2045 Notes, due December 2045	400,000		425,539		400,000		407,984
Total Debt	$	6,275,000	$	6,199,335	$	6,375,000	$	6,230,648

Derivatives (Tables)

3 Months Ended

Feb. 02, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Hedging Instruments

The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s condensed consolidated balance sheets as of February 2, 2019 and November 3, 2018 was as follows:



		Fair Value At
	Balance Sheet Location	February 2, 2019		November 3, 2018
Forward foreign currency exchange contracts	Accrued liabilities	$	1,553	$	6,934

Net Amount of Derivative Assets and 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 condensed consolidated balance sheet:



	February 2, 2019			November 3, 2018
Gross amount of recognized liabilities	$	(3,563	)	$	(8,054	)
Gross amounts of recognized assets offset in the condensed consolidated balance sheet	2,106			904
Net liabilities presented in the condensed consolidated balance sheet	$	(1,457	)	$	(7,150	)

Inventories (Tables)

3 Months Ended

Feb. 02, 2019

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at February 2, 2019 and November 3, 2018 were as follows:



	February 2, 2019		November 3, 2018
Raw materials	$	35,667	$	30,511
Work in process	384,273		375,908
Finished goods	173,271		180,341
Total inventories	$	593,211	$	586,760

Basis of Presentation Revenue Income Statement Adoption (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

$ 1,541,101

$ 1,566,870

^[1]

501,445

495,187

^[1]

1,039,656

1,071,683

^[1]

287,382

288,597

^[1]

167,342

176,908

^[1]

107,324

107,019

^[1]

21,782

57,318

^[1]

583,830

629,842

^[1]

455,826

441,841

^[1]

58,728

68,030

^[1]

(2,688)

(2,092)

^[1]

(160)

556

^[1]

55,880

66,494

^[1]

399,946

375,347

^[1]

44,940

82,107

^[1]

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

$ 355,006

$ 293,240

^[1],[2]

368,703

369,093

^[1]

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

372,506

374,189

^[1]

Basic earnings per common share (in dollars per share)

$ 0.96

$ 0.79

^[1]

Diluted earnings per common share (in dollars per share)

$ 0.95

$ 0.78

^[1]

As Reported

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

$ 1,518,624

483,434

1,035,190

288,597

176,908

107,019

57,318

629,842

405,348

68,030

(2,092)

556

66,494

338,854

70,682

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

$ 268,172

369,093

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

374,189

Basic earnings per common share (in dollars per share)

$ 0.72

Diluted earnings per common share (in dollars per share)

$ 0.71

Accounting Standards Update 2014-09 | Impact of Adoption

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

$ 48,246

11,753

36,493

36,493

36,493

11,425

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

$ 25,068

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

Basic earnings per common share (in dollars per share)

$ 0.07

Diluted earnings per common share (in dollars per share)

$ 0.07

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Basis of Presentation Revenue Balance Sheet Adoption (Details) - USD ($)
$ in Thousands

Feb. 02, 2019

Nov. 04, 2018

Nov. 03, 2018

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Deferred income on shipments to distributors, net

$ 1,634,719

$ 1,656,854

$ 1,725

^[1]

588,271

630,107

^[1]

2,288,615

2,306,572

982,469

^[1]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

$ 6,491,013

$ 6,313,723

5,982,697

^[1]

As Reported

Deferred income on shipments to distributors, net

21,078

487,417

497,080

927,065

Accounting Standards Update 2014-09 | Impact of Adoption

5,703,064

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Deferred income on shipments to distributors, net

(19,353)

(487,417)

133,027

55,404

New Accounting Pronouncements or Change in Accounting Principle [Roll Forward]

$ 279,633

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Basis of Presentation Income Taxes Adoption (Details) - USD ($)
$ in Thousands

Feb. 02, 2019

Nov. 04, 2018

Nov. 03, 2018

$ 1,634,719

$ 1,656,854

$ 1,725

^[1]

2,288,615

2,306,572

982,469

^[1]

Accounting Standards Update 2016-16

$ 6,491,013

$ 6,313,723

5,982,697

^[1]

New Accounting Pronouncements or Change in Accounting Principle [Roll Forward]

1,655,129

1,324,103

New Accounting Pronouncements or Change in Accounting Principle [Roll Forward]

331,026

As Reported

21,078

927,065

AOCI Attributable to Parent, Net of Tax [Roll Forward]

$ 5,703,064

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Revenue Recognition (Details)	3 Months Ended
Revenue Recognition (Details)	Feb. 02, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Standard product warranty term	12 months
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, payment terms	30 days
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, payment terms	45 days

Stock-Based Compensation and Shareholders' Equity - Outstanding Compensation (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 02, 2019 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
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 \| $	$ 273,128
Options exercisable, aggregate intrinsic value \| $	178,817
Options vested or expected to vest, aggregate intrinsic value \| $	$ 268,918
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, at beginning of period (in shares) \| shares	7,297
Options granted (in shares) \| shares	26
Options exercised (in shares) \| shares	(511)
Options forfeited (in shares) \| shares	(65)
Options expired (in shares) \| shares	(6)
Options outstanding, at end of period (in shares) \| shares	6,741
Options exercisable (in shares) \| shares	3,582
Options vested or expected to vest (in shares) \| shares	6,562
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding, weighted-average exercise price per share, at beginning of period (in dollars per share) \| $ / shares	$ 58.42
Options granted, weighted-average exercise price per share (in dollars per share) \| $ / shares	91.44
Options exercised, weighted-average exercise price per share (in dollars per share) \| $ / shares	37.93
Options forfeited, weighted-average exercise price per share (in dollars per share) \| $ / shares	70.07
Options expired, weighted-average exercise price per share (in dollars per share) \| $ / shares	21.97
Options outstanding, weighted-average exercise price per share, at end of period (in dollars per share) \| $ / shares	60.03
Options exercisable, weighted-average exercise price per share (in dollars per share) \| $ / shares	50.62
Options vested or expected to vest, weighted-average exercise price per share (in dollars per share) \| $ / shares	$ 59.56
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Restricted stock units/awards outstanding, at beginning of period (in shares) \| shares	5,289
Units/Awards granted (in shares) \| shares	56
Restrictions lapsed (in shares) \| shares	(257)
Forfeited (in shares) \| shares	(103)
Restricted stock units/awards outstanding, at end of period (in shares) \| shares	4,985
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock units/awards outstanding, at beginning of period (in dollar per shares) \| $ / shares	$ 77.54
Units/Awards granted (in dollar per shares) \| $ / shares	80.94
Restrictions lapsed (in dollar per shares) \| $ / shares	73.62
Forfeited (in dollar shares) \| $ / shares	78.41
Restricted stock units/awards outstanding, at end of period (in dollar per shares) \| $ / shares	$ 77.76

Stock-Based Compensation and Shareholders' Equity (Textual) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Feb. 02, 2019	Feb. 03, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised	$ 27.1	$ 53.9
Proceeds received from exercise of options	19.2	37.8
Total unrecognized compensation cost related to unvested share-based awards, before tax consideration	$ 312.9
Weighted-average period to recognize compensation cost	1 year 197 days
Total grant-date fair value of vested stock options	$ 19.6	$ 20.4
Number of shares authorized to be repurchased (shares)	151.5
Stock repurchase program, authorized amount	$ 2,400.0
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount	$ 5,800.0

Accumulated Other Comprehensive Income (Loss) (Table) (Details) - USD ($)
$ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

Other comprehensive income (loss) before reclassifications

^[1]

$ 11,268,173

(28,684)

Amounts reclassified out of other comprehensive income (loss)

2,785

6,318

(19,581)

$ 17,002

^[2]

AOCI Attributable to Parent, Net of Tax [Roll Forward]

11,585,437

AOCI [Member]

^[3]

(58,440)

(61,359)

(19,581)

17,002

Foreign currency translation adjustment

(78,021)

$ (44,357)

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Other comprehensive income (loss) before reclassifications

(28,711)

3,315

Amounts reclassified out of other comprehensive income (loss)

3,315

Unrealized holding gains on available for sale securities

(25,396)

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Other comprehensive income (loss) before reclassifications

(1)

Amounts reclassified out of other comprehensive income (loss)

Unrealized holding (losses) on available for sale securities

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Other comprehensive income (loss) before reclassifications

(9)

Amounts reclassified out of other comprehensive income (loss)

Unrealized holding gains (losses) on derivatives

(2)

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Other comprehensive income (loss) before reclassifications

(14,355)

(31,847)

Amounts reclassified out of other comprehensive income (loss)

2,528

6,381

(22,938)

AOCI Attributable to Parent, Net of Tax [Roll Forward]

(37,293)

Pension plans

Other comprehensive income (loss) before reclassifications

(15,364)

(163)

Amounts reclassified out of other comprehensive income (loss)

257

(63)

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

$ (15,333)

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[3]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Accumulated Other Comprehensive Income (Loss) - Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) (Table) (Details) - USD ($)
$ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

$ 501,445

$ 495,187

^[1]

287,382

288,597

^[1]

167,342

176,908

^[1]

58,728

68,030

^[1]

Total before tax

399,946

375,347

^[1]

Tax

(44,940)

(82,107)

^[1]

Unrealized holding gains (losses) on derivatives | Reclassification out of Accumulated Other Comprehensive Income

355,006

293,240

^[1],[2]

Net of tax

2,214

(2,015)

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Pension plans | Reclassification out of Accumulated Other Comprehensive Income

2,020

(2,339)

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Total before tax

257

427

Tax

(63)

(103)

Transition obligation | Reclassification out of Accumulated Other Comprehensive Income

194

324

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Amortization of pension components

Actuarial losses | Reclassification out of Accumulated Other Comprehensive Income

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Amortization of pension components

257

425

Currency forwards | Unrealized holding gains (losses) on derivatives | Reclassification out of Accumulated Other Comprehensive Income

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

719

(1,275)

848

(1,069)

Interest rate derivatives | Unrealized holding gains (losses) on derivatives | Reclassification out of Accumulated Other Comprehensive Income

915

(969)

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

630

Total before tax

2,528

(2,683)

Tax

$ (508)

$ 344

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Accumulated Other Comprehensive Income (Loss) (Textual) (Details) $ in Millions	3 Months Ended
	Feb. 02, 2019 USD ($) position	Feb. 03, 2018	Nov. 03, 2018 USD ($) position
Equity [Abstract]
Cash flow hedge gain (loss) to be reclassified within twelve months \| $	$ 0.8
Cash flow hedge ineffectiveness	no material ineffectiveness	no material ineffectiveness
Number of investment positions \| position	10		15
Number of securities in unrealized loss position \| position	4		15
Fair value of securities in continuous unrealized loss position \| $	$ 74.9		$ 205.0

Earnings Per Share (Tables) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

Earnings per share

Less: income allocated to participating securities

$ 355,006

$ 293,240

^[1],[2]

1,037

1,243

Net income allocated to common stockholders

$ 353,969

$ 291,997

Basic shares:

Weighted-average shares outstanding (in shares)

368,703

369,093

^[1]

Earnings per common share basic:

Earnings per common share, basic (in dollars per share)

$ 0.96

$ 0.79

^[1]

Diluted shares:

Weighted-average shares outstanding (in shares)

368,703

369,093

^[1]

Assumed exercise of common stock equivalents (in shares)

3,803

5,096

Weighted-average common and common equivalent shares (in shares)

372,506

374,189

^[1]

Earnings per common share diluted:

Earnings per common share, diluted (in dollars per share)

$ 0.95

$ 0.78

^[1]

Anti-dilutive shares related to:

Outstanding share-based awards (in shares)

2,011

1,472

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

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

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

$ 21,782

$ 57,318

^[1]

Closure of Manufacturing Facilities

4,367

$ 0

^[2]

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

42,974

1,127

(14)

Reduction of Operating Costs Action

44,087

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

5,255

(2,489)

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

2,770

Early Retirement Action

9,897

(2,766)

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

7,131

Reposition Action

20,655

(1,051)

(4,367)

(2)

Accrued Liabilities, Current [Member] | Closure of Manufacturing Facilities

15,235

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

Accrued Liabilities, Current [Member] | Reduction of Operating Costs Action

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

Accrued Liabilities, Current [Member] | Early Retirement Action

2,770

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

Accrued Liabilities, Current [Member] | Reposition Action

7,131

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

Accrued Liabilities, Other Non-current [Member] | Closure of Manufacturing Facilities

15,235

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

Accrued Liabilities, Other Non-current [Member] | Reduction of Operating Costs Action

44,087

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

Accrued Liabilities, Other Non-current [Member] | Early Retirement Action

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

Accrued Liabilities, Other Non-current [Member] | Reposition Action

Summary of the Company's special charges and accruals related to ongoing actions, Balance Sheet

$ 0

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Special Charges (Textual) (Details)
$ in Thousands

3 Months Ended

12 Months Ended

Feb. 02, 2019

USD ($)

employee

Feb. 03, 2018

USD ($)

^[1]

Nov. 03, 2018

USD ($)

employee

$ 21,782

$ 57,318

Reposition Action

Expected number of positions eliminated | employee

$ 20,655

114

Number of employees still employed who are planned to be separated | employee

100

Reposition Action | Intellectual Property

Impairment of intangible assets, finite-lived

$ 4,400

Severance and Fringe Benefits

Closure of Manufacturing Facilities

16,300

Workforce Reductions Plan 2018 | Closure of Manufacturing Facilities

$ 1,127

Number of manufacturing, engineering and selling, marketing, general and administrative employees related to operating costs action | employee

$ 44,100

1,249

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Segment Information (Textual) (Details)	3 Months Ended
Segment Information (Textual) (Details)	Feb. 02, 2019 segment
Segment Reporting [Abstract]
Number of reportable segments	1
Number of operating segments	8

Segment Information - Revenue Trends by Segment (Details) - USD ($)
$ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

$ 1,541,101

$ 1,566,870

^[1]

100.00%

Operating Segments | Industrial

(2.00%)

$ 728,122

$ 781,317

47.00%

50.00%

Operating Segments | Automotive

(7.00%)

$ 259,484

$ 263,575

17.00%

Operating Segments | Consumer

(2.00%)

$ 208,334

$ 264,510

14.00%

17.00%

Operating Segments | Communications

(21.00%)

$ 345,161

$ 257,468

22.00%

16.00%

34.00%

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Segment Information Segement Information - Revenue by Sales Channel (Details) - USD ($)
$ in Thousands

3 Months Ended

Feb. 02, 2019

Feb. 03, 2018

$ 1,541,101

$ 1,566,870

^[1]

Sales Channel, Other [Member]

100.00%

$ 16,369

$ 28,455

Sales Channel, Through Intermediary [Member]

1.00%

2.00%

$ 829,243

$ 865,012

Sales Channel, Directly to Consumer [Member]

54.00%

55.00%

$ 695,489

$ 673,403

45.00%

43.00%

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Fair Value - Textual (Details) - USD ($) $ in Millions	Feb. 02, 2019	Nov. 03, 2018
Fair Value Disclosures [Abstract]
Cash and held to maturity investments	$ 242.9	$ 217.6

Fair Value - Assets and Liabilities (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Nov. 03, 2018
Other assets:
Interest rate derivatives		$ 0
Recurring
Other assets:
Deferred compensation investments	$ 44,527	41,001
Interest rate derivatives		1,436
Total assets measured at fair value	407,448	641,399
Liabilities
Forward foreign currency exchange contracts	1,457	7,150
Interest rate derivatives	34,162
Total liabilities measured at fair value	35,619	7,150
Amortized cost	104,900	205,000
Recurring \| Government and institutional money market funds
Available-for-sale:
Cash equivalents:	258,105	394,076
Recurring \| Corporate obligations
Available-for-sale:
Cash equivalents:	104,816	204,886
Recurring \| Level 1
Other assets:
Deferred compensation investments	44,527	41,001
Total assets measured at fair value	302,632	435,077
Liabilities
Forward foreign currency exchange contracts	0	0
Interest rate derivatives	0
Total liabilities measured at fair value	0	0
Recurring \| Level 1 \| Government and institutional money market funds
Available-for-sale:
Cash equivalents:	258,105	394,076
Recurring \| Level 1 \| Corporate obligations
Available-for-sale:
Cash equivalents:	0	0
Recurring \| Level 2
Other assets:
Deferred compensation investments	0	0
Interest rate derivatives		1,436
Total assets measured at fair value	104,816	206,322
Liabilities
Forward foreign currency exchange contracts	1,457	7,150
Total liabilities measured at fair value	35,619	7,150
Recurring \| Level 2 \| Government and institutional money market funds
Available-for-sale:
Cash equivalents:	0	0
Recurring \| Level 2 \| Corporate obligations
Available-for-sale:
Cash equivalents:	$ 104,816	$ 204,886

Fair Value Fair Value - Debt (Details) - USD ($)	3 Months Ended
Fair Value Fair Value - Debt (Details) - USD ($)	Feb. 02, 2019	Nov. 03, 2018
3-Year term loan \| Unsecured debt term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt term	3 years
5-Year term loan \| Unsecured debt term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt term	5 years
Long-term Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	$ 6,275,000,000	$ 6,375,000,000
Fair Value	6,199,335,000	6,230,648,000
Long-term Debt \| 3-Year term loan \| Unsecured debt term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	325,000,000	425,000,000
Fair Value	325,000,000	425,000,000
Long-term Debt \| 5-Year term loan \| Unsecured debt term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	1,350,000,000	1,350,000,000
Fair Value	1,350,000,000	1,350,000,000
Long-term Debt \| 2020 Notes, due March 2020 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	300,000,000	300,000,000
Fair Value	299,303,000	298,147,000
Long-term Debt \| 2021 Notes, due January 2021 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	450,000,000	450,000,000
Fair Value	447,199,000	444,568,000
Long-term Debt \| 2021 Notes, due December 2021 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	400,000,000	400,000,000
Fair Value	390,394,000	386,375,000
Long-term Debt \| 2023 Notes, due June 2023 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	500,000,000	500,000,000
Fair Value	485,170,000	479,189,000
Long-term Debt \| 2023 Notes, due December 2023 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	550,000,000	550,000,000
Fair Value	535,598,000	529,120,000
Long-term Debt \| 2025 Notes, due December 2025 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	850,000,000	850,000,000
Fair Value	838,224,000	829,611,000
Long-term Debt \| 2026 Notes, due December 2026 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	900,000,000	900,000,000
Fair Value	866,748,000	848,027,000
Long-term Debt \| 2036 Notes, due December 2036 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	250,000,000	250,000,000
Fair Value	236,160,000	232,627,000
Long-term Debt \| 2045 Notes, due December 2045 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal	400,000,000	400,000,000
Fair Value	$ 425,539,000	$ 407,984,000

Derivatives (Textual) (Details) - USD ($) $ in Thousands	3 Months Ended
Derivatives (Textual) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Nov. 03, 2018
Derivative [Line Items]
Contracts period	one year or less
Forward Contracts
Derivative [Line Items]
Notional amount of cash flow hedges	$ 197,400	$ 194,400
Notional amount of derivative	59,100	$ 40,600
Interest Rate Swap Agreements
Derivative [Line Items]
Notional amount of derivative	1,000,000
Accrued liabilities \| Designated as Hedging Instrument \| Interest Rate Swap Agreements
Derivative [Line Items]
Derivative assets, fair value	$ 34,162

Derivatives - Forward Foreign Currency (Table) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Nov. 03, 2018
Forward foreign currency exchange contracts \| Accrued liabilities
Derivatives, Fair Value [Line Items]
Foreign currency contracts, liability	$ 1,553	$ 6,934

Derivative - Net Amounts (Table) (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Nov. 03, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross amount of recognized liabilities	$ (3,563)	$ (8,054)
Gross amounts of recognized assets offset in the condensed consolidated balance sheet	2,106	904
Net liabilities presented in the condensed consolidated balance sheet	$ (1,457)	$ (7,150)

Debt (Textual) (Details) - USD ($)
$ in Thousands

1 Months Ended

3 Months Ended

Jan. 31, 2019

Dec. 31, 2018

Feb. 02, 2019

Feb. 03, 2018

^[1]

Debt Instrument [Line Items]

Short-term debt borrowed

$ 75,000

$ 0

75,000

Unsecured debt term | 3-Year term loan

100,000

$ 420,000

Debt Instrument [Line Items]

Revolving Credit Facility

$ 100,000

Debt term

3 years

Debt Instrument [Line Items]

Amount available under credit facility

$ 1,000,000

Short-term debt borrowed

$ 75,000

Interest expense, borrowings

$ 75,000

$ 200

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Inventories (Table) (Details) - USD ($)
$ in Thousands

Feb. 02, 2019

Nov. 03, 2018

Inventory Disclosure [Abstract]

Raw materials

$ 35,667

$ 30,511

Work in process

384,273

375,908

Finished goods

173,271

180,341

Total inventories

^[1]

$ 593,211

$ 586,760

^[2]

[1]	Includes $6,694 and $7,128 related to stock-based compensation at February 2, 2019 and November 3, 2018, respectively.
[2]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

Income Taxes (Textual) (Details)
$ in Thousands, € in Millions

3 Months Ended

12 Months Ended

Feb. 02, 2019

USD ($)

Feb. 02, 2019

EUR (€)

Nov. 03, 2018

USD ($)

Feb. 03, 2018

USD ($)

Nov. 03, 2018

USD ($)

Nov. 04, 2018

USD ($)

Federal statutory rate (as percent)

21.00%

35.00%

Blended federal statutory income tax rate (as percent)

23.40%

Income tax expense (benefit)

$ (7,500)

$ (637,000)

Provisional income tax expense

691,000

Transition tax

755,000

64,000

1,634,719

$ 1,725

^[1]

$ 1,725

^[1]

$ 1,656,854

Accounting Standards Update 2016-16

$ 2,288,615

982,469

^[1]

982,469

^[1]

2,306,572

1,655,129

Retained Earnings | Accounting Standards Update 2016-16

1,324,103

Effect of accounting standards

331,026

$ 331,026

$ 331,000

Revenue Commissioners, Ireland

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Tax settlement

€ 43.0

$ 49,000

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.

New Accounting Pronouncements (Details) - USD ($)
$ in Thousands

Feb. 02, 2019

Nov. 04, 2018

Nov. 03, 2018

$ 1,634,719

$ 1,656,854

$ 1,725

^[1]

Accounting Standards Update 2016-16

$ 2,288,615

2,306,572

982,469

^[1]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

1,655,129