View Filing Data

$ 722,943

722,943

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

(377,217)

3,140,000

$ 524

86,383

76,622

(37,581)

(3,539,000)

Ending balance (in shares) at May. 04, 2019

$ (590)

(328,025)

369,761,000

Ending balance at May. 04, 2019

$ 61,628

5,117,202

6,659,449

(96,021)

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

^[1]

368,314,000

Beginning balance at Feb. 02, 2019

^[1]

$ 61,387

5,111,058

6,491,013

(78,021)

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

367,937

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

(199,501)

2,369,000

$ 395

67,283

40,229

(18,000)

(922,000)

Ending balance (in shares) at May. 04, 2019

$ (154)

(101,368)

369,761,000

Ending balance at May. 04, 2019

$ 61,628

5,117,202

6,659,449

(96,021)

Beginning balance (in shares) at Nov. 02, 2019

368,302,000

Beginning balance at Nov. 02, 2019

11,709,188

$ 61,385

4,936,349

6,899,253

(187,799)

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

Issuance of stock as charitable contribution (in shares)

335,654

Issuance of stock as charitable contribution

40,000

Ending balance (in shares) at Feb. 01, 2020

368,220,000

Ending balance at Feb. 01, 2020

$ 61,371

4,923,947

6,906,346

(202,147)

Beginning balance (in shares) at Nov. 02, 2019

368,302,000

Beginning balance at Nov. 02, 2019

11,709,188

$ 61,385

4,936,349

6,899,253

(187,799)

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

471,570

Issuance of stock as charitable contribution (in shares)

(427,760)

336,000

Issuance of stock as charitable contribution

$ 56

39,944

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

1,838,000

$ 306

30,591

73,401

(86,824)

(2,051,000)

Ending balance (in shares) at May. 02, 2020

$ (342)

(219,272)

368,425,000

Ending balance at May. 02, 2020

11,590,858

$ 61,405

4,861,013

6,945,442

(277,002)

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

Effect of accounting standards | Accounting Standards Update 2018-02

2,400

Beginning balance (in shares) at Feb. 01, 2020

368,220,000

Beginning balance at Feb. 01, 2020

$ 61,371

4,923,947

6,906,346

(202,147)

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

267,696

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

(228,600)

1,347,000

$ 224

14,560

35,900

(74,855)

(1,142,000)

Ending balance (in shares) at May. 02, 2020

$ (190)

(113,394)

368,425,000

Ending balance at May. 02, 2020

$ 11,590,858

$ 61,405

$ 4,861,013

$ 6,945,442

$ (277,002)

[1]	Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update ASU 2014-09, Revenue from Contracts with Customers, adopted by the Company in fiscal 2019.

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	May 02, 2020	May 04, 2019	May 02, 2020	May 04, 2019
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 0.62	$ 0.54	$ 1.16	$ 1.02

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	May 02, 2020	May 04, 2019
Cash flows from operating activities:
Net income	$ 471,570	$ 722,943
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	119,124	117,435
Amortization of intangibles	288,120	284,525
Stock-based compensation expense	73,401	76,622
Non-cash portion of special charge	0	4,367
Deferred income taxes	(35,390)	(21,843)
Non-cash contribution to charitable foundation	40,000	0
Other non-cash activity	3,801	18,429
Changes in operating assets and liabilities	(181,937)	(159,829)
Total adjustments	307,119	319,706
Net cash provided by operating activities	778,689	1,042,649
Cash flows from investing activities:
Additions to property, plant and equipment	(115,000)	(166,202)
Changes in other assets	(1,284)	(4,585)
Net cash used for investing activities	(116,284)	(170,787)
Cash flows from financing activities:
Proceeds from debt	395,646	0
Proceeds from revolver	350,000	75,000
Payments on revolver	(350,000)	(75,000)
Debt repayments	(300,000)	(350,000)
Dividend payments to shareholders	(427,760)	(377,217)
Repurchase of common stock	(219,614)	(328,615)
Proceeds from employee stock plans	30,897	86,907
Changes in other financing activities	(4,451)	(6,144)
Net cash used for financing activities	(525,282)	(975,069)
Effect of exchange rate changes on cash	(508)	217
Net increase (decrease) in cash and cash equivalents	136,615	(102,990)
Cash and cash equivalents at beginning of period	648,322	816,591
Cash and cash equivalents at end of period	$ 784,937	$ 713,601

Basis of Presentation	6 Months Ended
Basis of Presentation	May 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of PresentationIn 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 2, 2019 (fiscal 2019) 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 October 31, 2020 (fiscal 2020) 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. Certain amounts reported in previous periods have been reclassified to conform to the fiscal 2020 presentation.

Leases

6 Months Ended

May 02, 2020

Leases [Abstract]

Leases

In the first quarter of fiscal 2020, the Company adopted Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) (ASU 2016-02) using the modified retrospective approach. Results for fiscal 2020 are presented under ASU 2016-02, while prior period consolidated financial statements have not been adjusted and continue to be presented under the accounting standard in effect at that time. See Note 13, New Accounting Pronouncements of these Notes to Condensed Consolidated Financial Statements for further detail on the adoption of this standard, including the initial adoption values.

The Company enters into operating leases which primarily relate to certain facilities. The Company determines whether an arrangement is or contains a lease based on the unique facts and circumstances present at the inception of an arrangement. Lease assets represent the Company's right to use underlying assets for the lease term, and lease liabilities represent the obligation to make lease payments over the lease term. At lease commencement, leases are evaluated for classification, and assets and liabilities are recognized based on the present value of lease payments over the lease term. The interest rate implicit in lease contracts is typically not readily determinable. As such, the Company utilizes the appropriate incremental borrowing rate, which is the rate incurred to borrow on a collateralized basis over a similar term at an amount equal to the lease payments in a similar economic environment. Certain adjustments to the right-of-use asset may be required for items such as initial direct costs paid or incentives received, such as construction allowances from landlords and/or rent abatements subsequent to taking possession of the leased property. The Company has agreements with lease and non-lease components, which are accounted for as a single lease component. Non-lease components may include real estate taxes, insurance, maintenance, parking and other operating costs. If these costs are variable costs they are not included in the measurement of the right-of-use assets and lease liabilities, but are expensed when the event determining the amount of variable consideration to be paid occurs. The Company’s leases have remaining lease terms of less than one year to approximately twenty years, some of which may include options to extend the initial term of the lease. These options are included in determining the initial lease term at lease commencement only if the Company is reasonably certain to exercise the option. Lease costs are recognized on a straight-line basis as lease expense over the lease term. For leases with terms of twelve months or less the Company recognizes the related lease payments as expense either straight-line over the lease term or as incurred depending on whether the lease payments are fixed or variable.

The following table presents supplemental balance sheet information related to our operating leases:


	May 2, 2020
Assets
Operating lease right-of-use assets in Other assets	$	243,695
Liabilities
Operating lease liabilities in Accrued liabilities	$	36,660
Operating lease liabilities in Other non-current liabilities	$	279,566

Details of the Company's operating leases are as follows:


	Three Months Ended			Six Months Ended
	May 2, 2020			May 2, 2020
Lease expense	$	11,445		$	22,136

Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows from operating leases	$	11,536		$	22,935
Lease assets obtained in exchange for new lease liabilities	$	20,895		$	25,730
Weighted average remaining lease term	9.3 years			9.3 years
Weighted average discount rate	3.3		%	3.3		%

The following table presents the maturities of our operating lease liabilities as of May 2, 2020:


Fiscal year	Operating Leases
Remainder of 2020	$	23,306
2021	44,536
2022	39,086
2023	35,726
2024	35,124
2025	33,038
Thereafter	158,091
Total future minimum operating lease payments	368,907
Less: imputed interest	(52,681)
Present value of operating lease liabilities	$	316,226

As of May 2, 2020, the Company has additional leases for office space and equipment, which have not yet commenced, of approximately $16.6 million. These leases will commence during fiscal 2020, with lease terms of 10 to 25 years.

Stock-Based Compensation and Shareholders' Equity

6 Months Ended

May 02, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation and Shareholders' Equity

A summary of the Company’s stock option activity as of May 2, 2020 and changes during the six-month period then ended is presented below:


	Options Outstanding (in thousands)	Weighted- Average Exercise Price Per Share	Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding at November 2, 2019	5,183	$65.97
Options granted	359	$94.41
Options exercised	(583)	$52.97
Options forfeited	(63)	$81.86

Options outstanding at May 2, 2020	4,896	$69.37	5.9	$169,549
Options exercisable at May 2, 2020	3,272	$60.59	4.9	$141,272
Options vested or expected to vest at May 2, 2020 (1)	4,770	$68.80	5.8	$167,821

(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 six-month periods ended May 2, 2020 and May 4, 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 $35.3 million and $99.7 million, respectively.

A summary of the Company’s restricted stock unit/award activity as of May 2, 2020 and changes during the six-month period then ended is presented below:


	Restricted Stock Units/Awards Outstanding (in thousands)	Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units/awards outstanding at November 2, 2019	4,396	$87.18
Units/Awards granted	1,375	$86.69
Restrictions lapsed	(1,248)	$85.86
Forfeited	(155)	$87.17
Restricted stock units/awards outstanding at May 2, 2020	4,368	$87.56

As of May 2, 2020, there was $349.4 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 values of awards that vested during the six-month periods ended May 2, 2020 and May 4, 2019 were approximately $113.4 million and $106.4 million, respectively.

Total stock-based compensation expense recognized was as follows:


	Three Months Ended						Six Months Ended
	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019
Cost of sales	$	4,356	$	5,389	$	8,920	$	10,473
Research and development	18,400		19,567		36,005		38,492
Selling, marketing, general and administrative	13,144		15,273		28,476		27,657

Total stock-based compensation expense	$	35,900	$	40,229	$	73,401	$	76,622

As of May 2, 2020 and November 2, 2019, the Company capitalized $5.9 million and $6.8 million, respectively, of stock-based compensation in Inventories on the Condensed Consolidated Balance Sheets.

Common Stock Repurchases

As of May 2, 2020, the Company had repurchased a total of approximately 156.1 million shares of its common stock for approximately $6.3 billion under the Company's share repurchase program. As of May 2, 2020, an additional $1.9 billion remains available for repurchase of shares under the current authorized program. The Company also repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units/awards or the exercise of stock options. Given the current macroeconomic environment, the Company has temporarily suspended common stock repurchases under the authorized program. Future repurchases of common stock will be dependent upon our financial position, results of operations, outlook, liquidity, and other factors deemed relevant by the Company.

Analog Devices Foundation

During the first quarter of fiscal 2020, the Company contributed 335,654 shares of its common stock to the Analog Devices Foundation. As of the date of the charitable contribution the shares had a fair value of approximately $40.0 million. This expense was recorded in Selling, marketing, general and administrative expense in the Condensed Consolidated Statement of Income.

Accumulated Other Comprehensive (Loss) Income

6 Months Ended

May 02, 2020

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and the related tax effects during the first six months of fiscal 2020.


	Foreign currency translation adjustment		Unrealized holding gains (losses) on derivatives		Pension plans		Total
November 2, 2019	$	(30,076)	$	(118,015)	$	(39,708)	$	(187,799)
Other comprehensive loss before reclassifications	(7,060)		(109,435)		682		(115,813)
Amounts reclassified out of other comprehensive income (loss)	—		2,958		1,282		4,240
Tax effects	—		25,066		(317)		24,749
Other comprehensive (loss) income	(7,060)		(81,411)		1,647		(86,824)
Effect of Accounting Standards Update 2018-02	—		(2,379)		—		(2,379)
May 2, 2020	$	(37,136)	$	(201,805)	$	(38,061)	$	(277,002)

The amounts reclassified out of AOCI into the Condensed Consolidated Statements of Income and the Condensed Consolidated Statements of Shareholders' Equity with presentation location during each period were as follows:


	Three Months Ended						Six Months Ended
Comprehensive Income Component	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019		Location
Unrealized holding losses (gains) on derivatives
Currency forwards	$	160	$	478	$	80	$	1,197	Cost of sales
	488		770		866		1,618		Research and development
	552		956		1,084		1,871		Selling, marketing, general and administrative

Interest rate derivatives	464		464		928		510		Interest expense

	1,664		2,668		2,958		5,196		Total before tax
	(197)		(393)		(567)		(803)		Tax
Effect of Accounting Standards Update 2018-02	—		—		(2,379)		—		Retained earnings
	$	1,467	$	2,275	$	12	$	4,393	Net of tax

Amortization of pension components included in the computation of net periodic pension cost


Actuarial losses	634		254		1,282		511

	(157)		(63)		(317)		(126)		Tax
	$	477	$	191	$	965	$	385	Net of tax

Total amounts reclassified out of AOCI, net of tax	$	1,944	$	2,466	$	977	$	4,778

The Company estimates that settlements of forward foreign currency derivative instruments included in AOCI that will be reclassified into earnings will be immaterial within the next twelve months.

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

6 Months Ended

May 02, 2020

Earnings Per Share [Abstract]

Earnings Per Share

The Company utilized the two-class method for calculating earnings per share because certain restricted stock awards granted were participating securities containing non-forfeitable rights to receive dividend equivalents. 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. The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended						Six Months Ended
	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019
Net Income	$	267,696	$	367,937	$	471,570	$	722,943
Less: income allocated to participating securities*	—		908		—		1,932
Net income allocated to common stockholders	$	267,696	$	367,029	$	471,570	$	721,011

Basic shares:
Weighted-average shares outstanding	368,217		369,246		368,229		368,974
Earnings per common share basic:	$	0.73	$	0.99	$	1.28	$	1.95
Diluted shares:
Weighted-average shares outstanding	368,217		369,246		368,229		368,974
Assumed exercise of common stock equivalents	3,088		4,096		3,555		3,938
Weighted-average common and common equivalent shares	371,305		373,342		371,784		372,912
Earnings per common share diluted:	$	0.72	$	0.98	$	1.27	$	1.93
Anti-dilutive shares related to:
Outstanding stock-based awards	681		432		539		1,222
*The amounts in the three-month and six-month periods ended May 2, 2020 are not material.

Special Charges

6 Months Ended

May 02, 2020

Restructuring and Related Activities [Abstract]

Special Charges

The following table is a quarterly roll-forward from November 2, 2019 to May 2, 2020 of the employee separation and exit cost accruals established related to existing restructuring actions:


Accrued Restructuring	Closure of Manufacturing Facilities		Reduction of Operating Costs Action		Early Retirement Action		Repositioning Action















































Balance at November 2, 2019	$	50,401	$	940	$	4,583	$	58,895
First quarter fiscal 2020 special charges	1,982		—		—		9,154
Severance and other payments	(908)		(282)		(189)		(29,597)

Effect of foreign currency on accrual	(30)		—		—		(21)
Balance at February 1, 2020	$	51,445	$	658	$	4,394	$	38,431


Second quarter fiscal 2020 special charges	1,320		—		—		—
Severance and other payments	(2,564)		(148)		(179)		(15,025)

Effect of foreign currency on accrual	(17)		—		—		(127)
Balance at May 2, 2020	$	50,184	$	510	$	4,215	$	23,279




Current - accrued liabilities	$	27,633	$	510	$	4,215	$	23,279
Other non-current liabilities	$	22,551	$	—	$	—	$	—

Repositioning Action

The Company recorded special charges of $97.2 million on a cumulative basis through May 2, 2020, 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 $83.0 million of the total charges was for severance and fringe benefit costs in accordance with either the Company's ongoing benefit plan or statutory requirements for the impacted engineering and selling, marketing, general and administrative (SMG&A) employees. The remaining $14.2 million of the charges were recorded in fiscal 2019 and related to the write-off of acquired intellectual property due to the Company's decision to discontinue certain product development strategies.

Closure of Manufacturing FacilitiesThe Company recorded special charges of $55.3 million on a cumulative basis through May 2, 2020 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). The Company plans to close its Hillview wafer fabrication facility located in Milpitas, California and its Singapore test facility in the fiscal year ending October 30, 2021. 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, one-time termination benefits for the impacted manufacturing, engineering and SMG&A employees and other exit costs. These one-time termination benefits are being recognized over the future service period required for employees to earn these benefits.

Segment Information

6 Months Ended

May 02, 2020

Segment Reporting [Abstract]

Segment Information

The Company designs, develops, manufactures and markets a broad range of integrated circuits. The Company operates and tracks its results in one reportable segment based on the aggregation of nine operating segments, one of which was added in the three-months ended May 2, 2020 as a result of a continued refinement of the Company's organizational structure. Due to the current macroeconomic environment, in the second quarter of fiscal 2020, the Company elected to perform a quantitative goodwill impairment analysis for one of its reporting units. As a result of this analysis, management concluded that the reporting unit’s fair value exceeded its carrying amount as of the May 2, 2020 assessment date and no risk of impairment existed.

Revenue Trends by End Market

The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data and the Company's methodology 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
	May 2, 2020										May 4, 2019
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	710,760	54	%	(8)	%	$	771,359	51	%
Communications	276,420		21	%	(24)	%	363,457		24	%
Automotive	182,383		14	%	(23)	%	236,011		15	%
Consumer	147,497		11	%	(5)	%	155,775		10	%


Total revenue	$	1,317,060	100	%	(14)	%	$	1,526,602	100	%

	Six Months Ended
	May 2, 2020										May 4, 2019
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	1,395,113	53	%	(7)	%	$	1,503,331	49	%
Communications	517,253		20	%	(27)	%	712,014		23	%
Automotive	388,630		15	%	(19)	%	480,268		16	%
Consumer	319,629		12	%	(14)	%	372,090		12	%
Total revenue	$	2,620,625	100	%	(15)	%	$	3,067,703	100	%

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

Revenue by Sales Channel

The following table summarizes revenue by 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 certain commercial customers for which revenue is recorded over time.


	Three Months Ended
	May 2, 2020						May 4, 2019
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	750,388	57	%	$	871,510	57	%
Direct customers	546,051		41	%	634,834		42	%
Other	20,621		2	%	20,258		1	%
Total revenue	$	1,317,060	100	%	$	1,526,602	100	%

	Six Months Ended
	May 2, 2020						May 4, 2019
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	1,497,949	57	%	$	1,700,753	55	%
Direct customers	1,077,382		41	%	1,330,323		43	%
Other	45,294		2	%	36,627		1	%
Total revenue	$	2,620,625	100	%	$	3,067,703	100	%

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

Fair Value

6 Months Ended

May 02, 2020

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 May 2, 2020 and November 2, 2019. 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 May 2, 2020 and November 2, 2019, the Company held $193.9 million and $231.4 million, respectively, of cash and held-to-maturity investments that were excluded from the tables below.


	May 2, 2020
	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	$	591,014	$	—	$	591,014















Other assets:
Deferred compensation investments	47,857		—		47,857


Total assets measured at fair value	$	638,871	$	—	$	638,871
Liabilities

Forward foreign currency exchange contracts (1)	$	—	$	1,614	$	1,614
Interest rate derivatives	—		245,135		245,135
Total liabilities measured at fair value	$	—	$	246,749	$	246,749

(1) 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 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	$	416,890	$	—	$	416,890









Other assets:

Deferred compensation investments	48,302		—		48,302

Total assets measured at fair value	$	465,192	$	—	$	465,192
Liabilities


Interest rate derivatives	$	—	$	138,798	$	138,798
Total liabilities measured at fair value	$	—	$	138,798	$	138,798

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 loan approximates fair value. The term loan is classified as a Level 2 measurement 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.


	May 2, 2020						November 2, 2019
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
3-Year term loan, due March 2022	$	925,000	$	925,000	$	925,000	$	925,000


2.85% Senior unsecured notes, due March 2020	—		—		300,000		300,872
2.95% Senior unsecured notes, due January 2021	450,000		455,318		450,000		454,634
2.50% Senior unsecured notes, due December 2021	400,000		407,509		400,000		402,591
2.875% Senior unsecured notes, due June 2023	500,000		522,327		500,000		511,190
3.125% Senior unsecured notes, due December 2023	550,000		579,374		550,000		567,159
2.95% Senior unsecured notes, due April 2025	400,000		415,563		—		—
3.90% Senior unsecured notes, due December 2025	850,000		927,760		850,000		914,567
3.50% Senior unsecured notes, due December 2026	900,000		973,598		900,000		940,192
4.50% Senior unsecured notes, due December 2036	250,000		292,461		250,000		270,891
5.30% Senior unsecured notes, due December 2045	400,000		535,502		400,000		491,439
Total debt	$	5,625,000	$	6,034,412	$	5,525,000	$	5,778,535

- 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

6 Months Ended

May 02, 2020

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 British Pound, Philippine Peso, the Japanese Yen. Derivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified. 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 matched with the underlying exposures at inception and designated and documented as cash flow hedges. They are qualitatively evaluated for effectiveness on a quarterly basis. The gain or loss on the derivative is recorded as a component of AOCI in shareholders’ equity and is reclassified into earnings in the same line item on the Consolidated Statements of Income as the impact of the hedged transaction in the same period during which the hedged transaction affects earnings.

The total notional amounts of forward foreign currency derivative instruments designated as hedging instruments of cash flow hedges denominated in Euros, British Pounds, Philippine Pesos and Japanese Yen as of May 2, 2020 and November 2, 2019 were $195.1 million and $191.1 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 May 2, 2020 and November 2, 2019 were as follows:


		Fair Value At
	Balance Sheet Location	May 2, 2020		November 2, 2019
Forward foreign currency exchange contracts	Prepaid expenses and other current assets	$	—	$	65
Forward foreign currency exchange contracts	Accrued liabilities	$	1,176	$	—

As of May 2, 2020 and November 2, 2019, the total notional amounts of undesignated hedges related to forward foreign currency exchange contracts were $14.9 million and $55.3 million, respectively. The fair values of these hedging instruments in the Company’s Condensed Consolidated Balance Sheets were immaterial as of May 2, 2020 and November 2, 2019.

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 Sheets on a net basis. As of May 2, 2020 and November 2, 2019, none of the netting arrangements involved collateral.

The following table presents the gross amounts of the Company's forward foreign currency exchange contract derivative assets and liabilities and the net amounts recorded in the Company's Condensed Consolidated Balance Sheets:


	May 2, 2020		November 2, 2019
Gross amount of recognized liabilities	$	(3,185)	$	(2,828)
Gross amounts of recognized assets offset in the Condensed Consolidated Balance Sheets	1,571		2,828
Net liabilities presented in the Condensed Consolidated Balance Sheets	$	(1,614)	$	—

As of May 2, 2020 and November 2, 2019, the fair values of the interest rate swap agreement designated as a cash flow hedge were $245.1 million and $138.8 million, respectively, and are 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 May 2, 2020 and November 2, 2019, 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.

For information on the unrealized holding gains (losses) on derivatives included in and reclassified out of AOCI into the Condensed Consolidated Statements of Income related to forward foreign currency exchange contracts, see Note 4, Accumulated Other Comprehensive (Loss) Income, in these Notes to Condensed Consolidated Financial Statements for further information.

Debt	6 Months Ended
Debt	May 02, 2020
Debt Disclosure [Abstract]
Debt	Debt Term Loan Agreement On June 28, 2019, the Company entered into a term loan credit agreement (Term Loan Agreement) with the Company as the borrower and JPMorgan Chase Bank, N.A. as administrative agent and the other banks identified therein as lenders, for an unsecured term loan facility in the principal amount of $1.25 billion, maturing on March 10, 2022. Loans under the term loan facility bear interest, at the Company’s option, at either a rate equal to (a) the Adjusted LIBO Rate (as defined in the Term Loan Agreement) plus a margin based on the Company’s debt rating or (b) the Base Rate (defined as the highest of (i) the prime rate, (ii) the NYFRB Rate (as defined in the Term Loan Agreement) plus .50%, and (iii) one month Adjusted LIBO Rate plus 1.00%) plus a margin based on the Company’s debt rating. The Term Loan Agreement contains customary representations and warranties, affirmative and negative covenants and events of default applicable to the Company and its subsidiaries. The events of default include, among others, nonpayment of principal, interest, fees or other amounts, failure to perform certain covenants, cross-defaults to certain other indebtedness, insolvency or bankruptcy, customary ERISA defaults or the occurrence of a change of control. The negative covenants include limitations on liens, indebtedness of non-guarantor subsidiaries and mergers and other fundamental changes, among others. The Term Loan Agreement also requires the Company to maintain a consolidated leverage ratio of total consolidated funded debt to consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) for a trailing twelve-month period of not greater than 3.5 to 1.0, assuming the Company does not undertake any significant acquisitions, mergers, and other fundamental changes. Should such a change occur, the Company may be authorized to increase the covenant back to 4.0 to 1.0. As of May 2, 2020, the Company was compliant with these covenants. Senior Notes On April 8, 2020, in an underwritten public offering, the Company issued its first green bond consisting of $400.0 million aggregate principal amount of 2.95% senior unsecured notes due April 1, 2025 (the 2025 Notes). Interest on the 2025 Notes is payable on April 1 and October 1 of each year, beginning on October 1, 2020. The Company intends to use the net proceeds of $395.6 million from the green bond offering to finance or refinance, in whole or in part, one or more new or existing eligible projects involving renewable energy, energy efficiency, green buildings, sustainable water and wastewater management, pollution prevention and control, clean transportation or eco-efficient and/or circular economy adapted products, production technologies and processes. Debt discount and underwriting fees will be amortized over the life of the debt. At any time prior to March 1, 2025, the Company may, at its option, redeem some or all of the 2025 Notes at a redemption price equal to the greater of 100% of the principal amount of the 2025 Notes being redeemed and the make-whole premium, plus accrued and unpaid interest on the 2025 Notes being redeemed, if any, to but excluding the date of redemption. The 2025 Notes are unsecured and rank equally in right of payment with all of the Company's other existing and future unsecured senior indebtedness. The 2025 Notes were issued pursuant to an indenture, as supplemented by a supplemental indenture, and the indenture and supplemental indenture contain certain covenants, events of default and other customary provisions. As of May 2, 2020, the Company was in compliance with these covenants. On March 12, 2020, the Company repaid $300.0 million of principal on its 2.85% senior unsecured notes that were contractually due in March 2020. This obligation has been paid in full and is no longer outstanding. Revolving Credit Agreement On June 28, 2019, the Company entered into a second amended and restated revolving credit agreement (Revolving Credit Agreement) with the Company as borrower and Bank of America, N.A. as administrative agent and the other banks identified therein as lenders, which further amended and restated its amended and restated revolving credit agreement dated as of September 23, 2016. The Revolving Credit Agreement provides for a five year unsecured revolving credit facility in an aggregate principal amount of up to $1.25 billion, expiring on June 28, 2024. In March 2020, the Company borrowed $350.0 million under this revolving credit facility and utilized the proceeds for the repayment of existing indebtedness and working capital requirements. The Company repaid the $350.0 million plus interest of $0.6 million in April 2020. The Revolving Credit Agreement contains the customary representations and warranties, and affirmative and negative covenants and events of default applicable to the Company and its subsidiaries. As of May 2, 2020, the Company was in compliance with these covenants.

Inventories

6 Months Ended

May 02, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories at May 2, 2020 and November 2, 2019 were as follows:


	May 2, 2020		November 2, 2019
Raw materials	$	34,264	$	35,447
Work in process	441,580		400,409
Finished goods	114,424		174,030
Total inventories	$	590,268	$	609,886

Income Taxes	6 Months Ended
Income Taxes	May 02, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rates for the three- and six-month periods ended May 2, 2020 and May 4, 2019 were below the U.S. statutory tax rate of 21.0%, due to lower statutory tax rates applicable to the Company's operations in the foreign jurisdictions in which it earns income. The Company has numerous audits ongoing throughout the world including: an Internal Revenue Service income tax 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. The Company was also notified by the Internal Revenue Service that the Company was selected for audit of the fiscal year ended November 3, 2018 (fiscal 2018). The Company’s Ireland tax returns prior to the fiscal year ended November 2, 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 the fiscal year ended November 2, 2013 (fiscal 2013) of approximately €43.0 million, or $47.3 million (as of May 2, 2020), from the Irish Revenue Commissioners (Irish Revenue). 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 fiscal 2013 or any other periods. The Company intends to vigorously defend its originally filed tax return position and is currently preparing for 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 fiscal 2013, such assessment and any potential impact related to years subsequent to fiscal 2013 could have a material unfavorable impact on the Company's income tax expense and net earnings in future periods. During fiscal 2019, Irish Revenue commenced transfer pricing audits of the fiscal years ended November 1, 2014; October 31, 2015 (fiscal 2015); October 29, 2016 (fiscal 2016); and October 28, 2017 (fiscal 2017); however, the Company received confirmation from Irish Revenue that the audit relating to the period ended November 1, 2014 was complete and that no further tax assessment arose in respect of that period. The audits related to fiscal 2015, fiscal 2016 and fiscal 2017 are on-going.In February 2018, the Financial Accounting Standards Board (FASB) issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02). ASU 2018-02 allows stranded tax effects resulting from changes to tax legislation to be reclassified from AOCI to retained earnings. The Company adopted this ASU during the first quarter of fiscal 2020 and therefore applied the ASU in the period of adoption using the specific identification approach. As a result, the Company reclassified approximately $2.4 million from AOCI into retained earnings.

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	May 02, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Standards Implemented Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (ASU 2016-02). ASU 2016-02 requires a lessee to recognize most leases on the balance sheet but recognize expenses on the income statement in a manner similar to current practice. The update states that a lessee will recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying assets for the lease term. Leases will continue to be classified as either financing or operating, with classification affecting the recognition, measurement and presentation of expenses and cash flows arising from a lease. In January 2018, the FASB issued ASU 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 (ASU 2018-01). ASU 2018-01 permits an entity to elect an optional transition practical expedient to not evaluate land easements that existed or expired before the entity’s adoption of Topic 842 and that were not previously accounted for as leases under Topic 840. In July 2018, the FASB issued ASU 2018-11, Leases – Targeted Improvements (Topic 842) (ASU 2018-11), which provides for an additional transition method that allows companies to apply the new lease standard at the adoption date, eliminating the requirement to apply the standard to the earliest period presented in the financial statements. ASU 2016-02, ASU 2018-01 and ASU 2018-11 are effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company adopted the standard in the first quarter of fiscal 2020 under the modified retrospective approach. As allowed by the new standard, the Company elected the package of transition practical expedients but elected to not apply the hindsight practical expedient to its leases at transition. As a result, the Company was not required to reassess (i) whether any expired or existing contracts are or contain leases, (ii) the classification of any expired or existing leases and (iii) the treatment of initial direct costs for any existing leases. The Company also elected not to separate lease and non-lease components for its leases. Instead, for all applicable classes of underlying assets, the Company accounts for each separate lease component and the non-lease components associated with that lease component, as a single lease component. Additionally, the Company has elected the short-term lease exception for all classes of assets, does not apply the recognition requirements for leases of twelve months or less, and recognizes lease payments for short-term leases as expense either straight-line over the lease term or as incurred depending on whether the lease payments are fixed or variable. These elections are applied consistently for all leases. Upon adoption on November 3, 2019, the Company recorded operating lease liabilities of $301.4 million and operating lease assets for its leases of $233.2 million. The operating lease assets are net of liabilities of $68.2 million for deferred rent and unamortized landlord construction allowances that were previously recorded in Accrued liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheets. Operating lease right-of-use assets are presented within Other assets and corresponding liabilities are presented within Accrued liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheets. There was no material impact to the Condensed Consolidated Statements of Income or Condensed Consolidated Statements of Cash Flows. Please refer to Note 2, Leases for information regarding the Company's lease portfolio as of May 2, 2020. Comprehensive Income In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02). ASU 2018-02 allows stranded tax effects resulting from changes to tax legislation to be reclassified from accumulated other comprehensive income (AOCI) to retained earnings. The Company adopted this ASU during the first quarter of fiscal 2020 and therefore applied the ASU in the period of adoption using the specific identification approach. As a result, the Company reclassified approximately $2.4 million from AOCI into retained earnings. The Company does not expect to record any additional reclassification adjustments in subsequent periods barring further regulatory changes. Please refer to Note 12, Income Taxes for additional information regarding the Company's accounting policy for releasing stranded income tax effects from AOCI. Other The following standards were adopted during the first quarter of fiscal 2020 and did not have a material impact on the Company's financial position and results of operations: •ASU 2017-11, Earnings Per Share (Topic 860), Distinguishing Liabilities from Equity (Topic 480), and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features II. Replacement of the Indefinite Deferral Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception; •ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities; and •ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. Standards to Be Implemented Retirement Benefits In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Topic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans (ASU 2018-14), which modifies the disclosure requirements for defined benefit pension plans and other post-retirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020, with early adoption permitted. ASU 2018-14 is effective for the Company in the first quarter of the fiscal year ending October 30, 2021 (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. In 2019, the FASB issued ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief (ASU 2019-05) and ASU 2019-11, Codification Improvements to Topic 326 (ASU 2019-11). ASU 2019-05 allows an entity to irrevocably elect the fair value option for certain financial instruments. Once elected, an entity would recognize the difference between the carrying amount and the fair value of the financial instrument as part of the cumulative effect adjustments associated with the adoption of ASU 2016-13. ASU 2019-11 allows entities to exclude the accrued interest component of amortized cost from various disclosures required by Accounting Standards Codification 326. These ASUs are effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years; and therefore, are effective for the Company in the first quarter of fiscal 2021. The Company is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. Income taxes In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. ASU 2019-12 eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company is currently evaluating the adoption date and impact, if any, adoption will have on its financial position and results of operations.

Subsequent Events	6 Months Ended
Subsequent Events	May 02, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn May 19, 2020, the Board of Directors of the Company declared a cash dividend of $0.62 per outstanding share of common stock. The dividend will be paid on June 9, 2020 to all shareholders of record at the close of business on May 29, 2020 and is expected to total approximately $228.4 million.

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	May 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period	The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Certain amounts reported in previous periods have been reclassified to conform to the fiscal 2020 presentation.
Leases	The Company enters into operating leases which primarily relate to certain facilities. The Company determines whether an arrangement is or contains a lease based on the unique facts and circumstances present at the inception of an arrangement. Lease assets represent the Company's right to use underlying assets for the lease term, and lease liabilities represent the obligation to make lease payments over the lease term. At lease commencement, leases are evaluated for classification, and assets and liabilities are recognized based on the present value of lease payments over the lease term. The interest rate implicit in lease contracts is typically not readily determinable. As such, the Company utilizes the appropriate incremental borrowing rate, which is the rate incurred to borrow on a collateralized basis over a similar term at an amount equal to the lease payments in a similar economic environment. Certain adjustments to the right-of-use asset may be required for items such as initial direct costs paid or incentives received, such as construction allowances from landlords and/or rent abatements subsequent to taking possession of the leased property. The Company has agreements with lease and non-lease components, which are accounted for as a single lease component. Non-lease components may include real estate taxes, insurance, maintenance, parking and other operating costs. If these costs are variable costs they are not included in the measurement of the right-of-use assets and lease liabilities, but are expensed when the event determining the amount of variable consideration to be paid occurs.
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. 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.
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 British Pound, Philippine Peso, the Japanese Yen. Derivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified. 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 matched with the underlying exposures at inception and designated and documented as cash flow hedges. They are qualitatively evaluated for effectiveness on a quarterly basis. The gain or loss on the derivative is recorded as a component of AOCI in shareholders’ equity and is reclassified into earnings in the same line item on the Consolidated Statements of Income as the impact of the hedged transaction in the same period during which the hedged transaction affects earnings. As of May 2, 2020 and November 2, 2019, the fair values of the interest rate swap agreement designated as a cash flow hedge were $245.1 million and $138.8 million, respectively, and are 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 May 2, 2020 and November 2, 2019, 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.
Standards Implemented	Standards Implemented Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (ASU 2016-02). ASU 2016-02 requires a lessee to recognize most leases on the balance sheet but recognize expenses on the income statement in a manner similar to current practice. The update states that a lessee will recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying assets for the lease term. Leases will continue to be classified as either financing or operating, with classification affecting the recognition, measurement and presentation of expenses and cash flows arising from a lease. In January 2018, the FASB issued ASU 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 (ASU 2018-01). ASU 2018-01 permits an entity to elect an optional transition practical expedient to not evaluate land easements that existed or expired before the entity’s adoption of Topic 842 and that were not previously accounted for as leases under Topic 840. In July 2018, the FASB issued ASU 2018-11, Leases – Targeted Improvements (Topic 842) (ASU 2018-11), which provides for an additional transition method that allows companies to apply the new lease standard at the adoption date, eliminating the requirement to apply the standard to the earliest period presented in the financial statements. ASU 2016-02, ASU 2018-01 and ASU 2018-11 are effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company adopted the standard in the first quarter of fiscal 2020 under the modified retrospective approach. As allowed by the new standard, the Company elected the package of transition practical expedients but elected to not apply the hindsight practical expedient to its leases at transition. As a result, the Company was not required to reassess (i) whether any expired or existing contracts are or contain leases, (ii) the classification of any expired or existing leases and (iii) the treatment of initial direct costs for any existing leases. The Company also elected not to separate lease and non-lease components for its leases. Instead, for all applicable classes of underlying assets, the Company accounts for each separate lease component and the non-lease components associated with that lease component, as a single lease component. Additionally, the Company has elected the short-term lease exception for all classes of assets, does not apply the recognition requirements for leases of twelve months or less, and recognizes lease payments for short-term leases as expense either straight-line over the lease term or as incurred depending on whether the lease payments are fixed or variable. These elections are applied consistently for all leases. Upon adoption on November 3, 2019, the Company recorded operating lease liabilities of $301.4 million and operating lease assets for its leases of $233.2 million. The operating lease assets are net of liabilities of $68.2 million for deferred rent and unamortized landlord construction allowances that were previously recorded in Accrued liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheets. Operating lease right-of-use assets are presented within Other assets and corresponding liabilities are presented within Accrued liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheets. There was no material impact to the Condensed Consolidated Statements of Income or Condensed Consolidated Statements of Cash Flows. Please refer to Note 2, Leases for information regarding the Company's lease portfolio as of May 2, 2020. Comprehensive Income In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02). ASU 2018-02 allows stranded tax effects resulting from changes to tax legislation to be reclassified from accumulated other comprehensive income (AOCI) to retained earnings. The Company adopted this ASU during the first quarter of fiscal 2020 and therefore applied the ASU in the period of adoption using the specific identification approach. As a result, the Company reclassified approximately $2.4 million from AOCI into retained earnings. The Company does not expect to record any additional reclassification adjustments in subsequent periods barring further regulatory changes. Please refer to Note 12, Income Taxes for additional information regarding the Company's accounting policy for releasing stranded income tax effects from AOCI. Other The following standards were adopted during the first quarter of fiscal 2020 and did not have a material impact on the Company's financial position and results of operations: •ASU 2017-11, Earnings Per Share (Topic 860), Distinguishing Liabilities from Equity (Topic 480), and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features II. Replacement of the Indefinite Deferral Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception; •ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities; and •ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. Standards to Be Implemented Retirement Benefits In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Topic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans (ASU 2018-14), which modifies the disclosure requirements for defined benefit pension plans and other post-retirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020, with early adoption permitted. ASU 2018-14 is effective for the Company in the first quarter of the fiscal year ending October 30, 2021 (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. In 2019, the FASB issued ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief (ASU 2019-05) and ASU 2019-11, Codification Improvements to Topic 326 (ASU 2019-11). ASU 2019-05 allows an entity to irrevocably elect the fair value option for certain financial instruments. Once elected, an entity would recognize the difference between the carrying amount and the fair value of the financial instrument as part of the cumulative effect adjustments associated with the adoption of ASU 2016-13. ASU 2019-11 allows entities to exclude the accrued interest component of amortized cost from various disclosures required by Accounting Standards Codification 326. These ASUs are effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years; and therefore, are effective for the Company in the first quarter of fiscal 2021. The Company is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. Income taxes In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. ASU 2019-12 eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company is currently evaluating the adoption date and impact, if any, adoption will have on its financial position and results of operations.

Fair Value - Measures and Disclosures (Policies)	6 Months Ended
Fair Value - Measures and Disclosures (Policies)	May 02, 2020
Fair Value Disclosures [Abstract]
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. 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.

Leases (Tables)

6 Months Ended

May 02, 2020

Leases [Abstract]

Assets And Liabilities, Lessee

The following table presents supplemental balance sheet information related to our operating leases:


	May 2, 2020
Assets
Operating lease right-of-use assets in Other assets	$	243,695
Liabilities
Operating lease liabilities in Accrued liabilities	$	36,660
Operating lease liabilities in Other non-current liabilities	$	279,566

Lease, Cost

Details of the Company's operating leases are as follows:


	Three Months Ended			Six Months Ended
	May 2, 2020			May 2, 2020
Lease expense	$	11,445		$	22,136

Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows from operating leases	$	11,536		$	22,935
Lease assets obtained in exchange for new lease liabilities	$	20,895		$	25,730
Weighted average remaining lease term	9.3 years			9.3 years
Weighted average discount rate	3.3		%	3.3		%

Lessee, Operating Lease, Liability, Maturity

The following table presents the maturities of our operating lease liabilities as of May 2, 2020:


Fiscal year	Operating Leases
Remainder of 2020	$	23,306
2021	44,536
2022	39,086
2023	35,726
2024	35,124
2025	33,038
Thereafter	158,091
Total future minimum operating lease payments	368,907
Less: imputed interest	(52,681)
Present value of operating lease liabilities	$	316,226

Stock-Based Compensation and Shareholders' Equity (Tables)

6 Months Ended

May 02, 2020

Share-based Payment Arrangement [Abstract]

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

A summary of the Company’s stock option activity as of May 2, 2020 and changes during the six-month period then ended is presented below:


	Options Outstanding (in thousands)	Weighted- Average Exercise Price Per Share	Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding at November 2, 2019	5,183	$65.97
Options granted	359	$94.41
Options exercised	(583)	$52.97
Options forfeited	(63)	$81.86

Options outstanding at May 2, 2020	4,896	$69.37	5.9	$169,549
Options exercisable at May 2, 2020	3,272	$60.59	4.9	$141,272
Options vested or expected to vest at May 2, 2020 (1)	4,770	$68.80	5.8	$167,821

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

ary of the Company’s restricted stock unit/award activity as of May 2, 2020 and changes during the six-month period then ended is presented below:


	Restricted Stock Units/Awards Outstanding (in thousands)	Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units/awards outstanding at November 2, 2019	4,396	$87.18
Units/Awards granted	1,375	$86.69
Restrictions lapsed	(1,248)	$85.86
Forfeited	(155)	$87.17
Restricted stock units/awards outstanding at May 2, 2020	4,368	$87.56

Schedule of stock-based compensation expense

Total stock-based compensation expense recognized was as follows:


	Three Months Ended						Six Months Ended
	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019
Cost of sales	$	4,356	$	5,389	$	8,920	$	10,473
Research and development	18,400		19,567		36,005		38,492
Selling, marketing, general and administrative	13,144		15,273		28,476		27,657

Total stock-based compensation expense	$	35,900	$	40,229	$	73,401	$	76,622

Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

May 02, 2020

Equity [Abstract]

Components of accumulated other comprehensive loss, net of tax

The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and the related tax effects during the first six months of fiscal 2020.


	Foreign currency translation adjustment		Unrealized holding gains (losses) on derivatives		Pension plans		Total
November 2, 2019	$	(30,076)	$	(118,015)	$	(39,708)	$	(187,799)
Other comprehensive loss before reclassifications	(7,060)		(109,435)		682		(115,813)
Amounts reclassified out of other comprehensive income (loss)	—		2,958		1,282		4,240
Tax effects	—		25,066		(317)		24,749
Other comprehensive (loss) income	(7,060)		(81,411)		1,647		(86,824)
Effect of Accounting Standards Update 2018-02	—		(2,379)		—		(2,379)
May 2, 2020	$	(37,136)	$	(201,805)	$	(38,061)	$	(277,002)

Reclassification out of Accumulated Other Comprehensive Income


	Three Months Ended						Six Months Ended
Comprehensive Income Component	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019		Location
Unrealized holding losses (gains) on derivatives
Currency forwards	$	160	$	478	$	80	$	1,197	Cost of sales
	488		770		866		1,618		Research and development
	552		956		1,084		1,871		Selling, marketing, general and administrative

Interest rate derivatives	464		464		928		510		Interest expense

	1,664		2,668		2,958		5,196		Total before tax
	(197)		(393)		(567)		(803)		Tax
Effect of Accounting Standards Update 2018-02	—		—		(2,379)		—		Retained earnings
	$	1,467	$	2,275	$	12	$	4,393	Net of tax

Amortization of pension components included in the computation of net periodic pension cost


Actuarial losses	634		254		1,282		511

	(157)		(63)		(317)		(126)		Tax
	$	477	$	191	$	965	$	385	Net of tax

Total amounts reclassified out of AOCI, net of tax	$	1,944	$	2,466	$	977	$	4,778

Earnings Per Share (Tables)

6 Months Ended

May 02, 2020

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						Six Months Ended
	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019
Net Income	$	267,696	$	367,937	$	471,570	$	722,943
Less: income allocated to participating securities*	—		908		—		1,932
Net income allocated to common stockholders	$	267,696	$	367,029	$	471,570	$	721,011

Basic shares:
Weighted-average shares outstanding	368,217		369,246		368,229		368,974
Earnings per common share basic:	$	0.73	$	0.99	$	1.28	$	1.95
Diluted shares:
Weighted-average shares outstanding	368,217		369,246		368,229		368,974
Assumed exercise of common stock equivalents	3,088		4,096		3,555		3,938
Weighted-average common and common equivalent shares	371,305		373,342		371,784		372,912
Earnings per common share diluted:	$	0.72	$	0.98	$	1.27	$	1.93
Anti-dilutive shares related to:
Outstanding stock-based awards	681		432		539		1,222
*The amounts in the three-month and six-month periods ended May 2, 2020 are not material.

Special Charges (Tables)

6 Months Ended

May 02, 2020

Restructuring and Related Activities [Abstract]

Schedule of Accrued Restructuring

The following table is a quarterly roll-forward from November 2, 2019 to May 2, 2020 of the employee separation and exit cost accruals established related to existing restructuring actions:


Accrued Restructuring	Closure of Manufacturing Facilities		Reduction of Operating Costs Action		Early Retirement Action		Repositioning Action















































Balance at November 2, 2019	$	50,401	$	940	$	4,583	$	58,895
First quarter fiscal 2020 special charges	1,982		—		—		9,154
Severance and other payments	(908)		(282)		(189)		(29,597)

Effect of foreign currency on accrual	(30)		—		—		(21)
Balance at February 1, 2020	$	51,445	$	658	$	4,394	$	38,431


Second quarter fiscal 2020 special charges	1,320		—		—		—
Severance and other payments	(2,564)		(148)		(179)		(15,025)

Effect of foreign currency on accrual	(17)		—		—		(127)
Balance at May 2, 2020	$	50,184	$	510	$	4,215	$	23,279




Current - accrued liabilities	$	27,633	$	510	$	4,215	$	23,279
Other non-current liabilities	$	22,551	$	—	$	—	$	—

Segment Information (Tables)

6 Months Ended

May 02, 2020

Segment Reporting [Abstract]

Disaggregation of Revenue


	Three Months Ended
	May 2, 2020										May 4, 2019
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	710,760	54	%	(8)	%	$	771,359	51	%
Communications	276,420		21	%	(24)	%	363,457		24	%
Automotive	182,383		14	%	(23)	%	236,011		15	%
Consumer	147,497		11	%	(5)	%	155,775		10	%


Total revenue	$	1,317,060	100	%	(14)	%	$	1,526,602	100	%

	Six Months Ended
	May 2, 2020										May 4, 2019
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	1,395,113	53	%	(7)	%	$	1,503,331	49	%
Communications	517,253		20	%	(27)	%	712,014		23	%
Automotive	388,630		15	%	(19)	%	480,268		16	%
Consumer	319,629		12	%	(14)	%	372,090		12	%
Total revenue	$	2,620,625	100	%	(15)	%	$	3,067,703	100	%

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

manufacturers (OEMs). Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time.


	Three Months Ended
	May 2, 2020						May 4, 2019
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	750,388	57	%	$	871,510	57	%
Direct customers	546,051		41	%	634,834		42	%
Other	20,621		2	%	20,258		1	%
Total revenue	$	1,317,060	100	%	$	1,526,602	100	%

	Six Months Ended
	May 2, 2020						May 4, 2019
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	1,497,949	57	%	$	1,700,753	55	%
Direct customers	1,077,382		41	%	1,330,323		43	%
Other	45,294		2	%	36,627		1	%
Total revenue	$	2,620,625	100	%	$	3,067,703	100	%

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

Fair Value (Tables)

6 Months Ended

May 02, 2020

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities


	May 2, 2020
	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	$	591,014	$	—	$	591,014















Other assets:
Deferred compensation investments	47,857		—		47,857


Total assets measured at fair value	$	638,871	$	—	$	638,871
Liabilities

Forward foreign currency exchange contracts (1)	$	—	$	1,614	$	1,614
Interest rate derivatives	—		245,135		245,135
Total liabilities measured at fair value	$	—	$	246,749	$	246,749


	November 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	$	416,890	$	—	$	416,890









Other assets:

Deferred compensation investments	48,302		—		48,302

Total assets measured at fair value	$	465,192	$	—	$	465,192
Liabilities


Interest rate derivatives	$	—	$	138,798	$	138,798
Total liabilities measured at fair value	$	—	$	138,798	$	138,798

Schedule of Debt


	May 2, 2020						November 2, 2019
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
3-Year term loan, due March 2022	$	925,000	$	925,000	$	925,000	$	925,000


2.85% Senior unsecured notes, due March 2020	—		—		300,000		300,872
2.95% Senior unsecured notes, due January 2021	450,000		455,318		450,000		454,634
2.50% Senior unsecured notes, due December 2021	400,000		407,509		400,000		402,591
2.875% Senior unsecured notes, due June 2023	500,000		522,327		500,000		511,190
3.125% Senior unsecured notes, due December 2023	550,000		579,374		550,000		567,159
2.95% Senior unsecured notes, due April 2025	400,000		415,563		—		—
3.90% Senior unsecured notes, due December 2025	850,000		927,760		850,000		914,567
3.50% Senior unsecured notes, due December 2026	900,000		973,598		900,000		940,192
4.50% Senior unsecured notes, due December 2036	250,000		292,461		250,000		270,891
5.30% Senior unsecured notes, due December 2045	400,000		535,502		400,000		491,439
Total debt	$	5,625,000	$	6,034,412	$	5,525,000	$	5,778,535

Derivatives (Tables)

6 Months Ended

May 02, 2020

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 May 2, 2020 and November 2, 2019 were as follows:


		Fair Value At
	Balance Sheet Location	May 2, 2020		November 2, 2019
Forward foreign currency exchange contracts	Prepaid expenses and other current assets	$	—	$	65
Forward foreign currency exchange contracts	Accrued liabilities	$	1,176	$	—

Net Amount of Derivative Assets and Liabilities


	May 2, 2020		November 2, 2019
Gross amount of recognized liabilities	$	(3,185)	$	(2,828)
Gross amounts of recognized assets offset in the Condensed Consolidated Balance Sheets	1,571		2,828
Net liabilities presented in the Condensed Consolidated Balance Sheets	$	(1,614)	$	—

Inventories (Tables)

6 Months Ended

May 02, 2020

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at May 2, 2020 and November 2, 2019 were as follows:


	May 2, 2020		November 2, 2019
Raw materials	$	34,264	$	35,447
Work in process	441,580		400,409
Finished goods	114,424		174,030
Total inventories	$	590,268	$	609,886

Leases - Narrative (Details) $ in Millions	May 02, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, amount	$ 16.6
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease contract	1 year
Lessee, operating lease, lease not yet commenced, term of contract	10 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, remaining lease contract	20 years
Lessee, operating lease, lease not yet commenced, term of contract	25 years

Leases - Cost (Details) $ in Thousands	3 Months Ended	6 Months Ended
Leases - Cost (Details) $ in Thousands	May 02, 2020 USD ($)	May 02, 2020 USD ($)
Leases [Abstract]
Operating lease right-of-use assets in Other assets	$ 243,695	$ 243,695
Operating lease liabilities in Accrued liabilities	36,660	36,660
Operating lease liabilities in Other non-current liabilities	279,566	279,566
Lease expense	11,445	22,136
Operating cash flows from operating leases	11,536	22,935
Lease assets obtained in exchange for new lease liabilities	$ 20,895	$ 25,730
Weighted average remaining lease term	9 years 3 months 18 days	9 years 3 months 18 days
Weighted average discount rate	3.30%	3.30%

Leases - Maturity (Details) $ in Thousands	May 02, 2020 USD ($)
Leases [Abstract]
Remainder of 2020	$ 23,306
2021	44,536
2022	39,086
2023	35,726
2024	35,124
2025	33,038
Thereafter	158,091
Total future minimum operating lease payments	368,907
Less: imputed interest	(52,681)
Present value of operating lease liabilities	$ 316,226

Stock-Based Compensation and Shareholders' Equity - Outstanding Compensation (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	May 02, 2020 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	5 years 10 months 24 days
Options exercisable, weighted-average remaining contractual term in years	4 years 10 months 24 days
Options vested or expected to vest, weighted-average remaining contractual term in years	5 years 9 months 18 days
Options outstanding, aggregate intrinsic value \| $	$ 169,549
Options exercisable, aggregate intrinsic value \| $	141,272
Options vested or expected to vest, aggregate intrinsic value \| $	$ 167,821
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	5,183
Options granted (in shares) \| shares	359
Options exercised (in shares) \| shares	(583)
Options forfeited (in shares) \| shares	(63)
Options outstanding, at end of period (in shares) \| shares	4,896
Options exercisable (in shares) \| shares	3,272
Options vested or expected to vest (in shares) \| shares	4,770
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	$ 65.97
Options granted, weighted-average exercise price per share (in dollars per share) \| $ / shares	94.41
Options exercised, weighted-average exercise price per share (in dollars per share) \| $ / shares	52.97
Options forfeited, weighted-average exercise price per share (in dollars per share) \| $ / shares	81.86
Options outstanding, weighted-average exercise price per share, at end of period (in dollars per share) \| $ / shares	69.37
Options exercisable, weighted-average exercise price per share (in dollars per share) \| $ / shares	60.59
Options vested or expected to vest, weighted-average exercise price per share (in dollars per share) \| $ / shares	$ 68.80
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	4,396
Units/Awards granted (in shares) \| shares	1,375
Restrictions lapsed (in shares) \| shares	(1,248)
Forfeited (in shares) \| shares	(155)
Restricted stock units/awards outstanding, at end of period (in shares) \| shares	4,368
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	$ 87.18
Units/Awards granted (in dollar per shares) \| $ / shares	86.69
Restrictions lapsed (in dollar per shares) \| $ / shares	85.86
Forfeited (in dollar per shares) \| $ / shares	87.17
Restricted stock units/awards outstanding, at end of period (in dollar per shares) \| $ / shares	$ 87.56

Stock-Based Compensation and Shareholders' Equity (Textual) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Feb. 01, 2020	May 02, 2020	May 04, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised		$ 35,300	$ 99,700
Total unrecognized compensation cost related to unvested share-based awards, before tax consideration		$ 349,400
Weighted-average period to recognize compensation cost		1 year 6 months
Total grant-date fair value of vested stock options		$ 113,400	106,400
Stock-based compensation		$ 5,900	$ 6,800
Number of shares authorized to be repurchased (shares)		156,100,000
Stock repurchase program, authorized amount		$ 1,900,000
Issuance of stock as charitable contribution	$ 40,000
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of stock as charitable contribution (in shares)	335,654	336,000
Issuance of stock as charitable contribution		$ 56
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount		$ 6,300,000

Stock-Based Compensation and Shareholders' Equity - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 02, 2020	May 04, 2019	May 02, 2020	May 04, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 35,900	$ 40,229	$ 73,401	$ 76,622
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	4,356	5,389	8,920	10,473
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	18,400	19,567	36,005	38,492
Selling, marketing, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 13,144	$ 15,273	$ 28,476	$ 27,657

Accumulated Other Comprehensive (Loss) Income - Changes By Component and Tax Effect (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

May 02, 2020

May 04, 2019

May 02, 2020

May 04, 2019

Nov. 04, 2019

Nov. 03, 2019

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

$ 11,709,188

Amounts reclassified out of other comprehensive income (loss)

(115,813)

4,240

24,749

$ (74,855)

$ (18,000)

(86,824)

$ (37,581)

Accounting Standards Update 2018-02

11,590,858

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

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

$ (2,379)

AOCI

(202,147)

(78,021)

^[1]

(187,799)

(58,440)

^[1]

(74,855)

(86,824)

AOCI | Accounting Standards Update 2018-02

(277,002)

$ (96,021)

(277,002)

$ (96,021)

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

Foreign currency translation adjustment

$ (2,379)

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

(30,076)

Amounts reclassified out of other comprehensive income (loss)

(7,060)

(7,060)

Foreign currency translation adjustment | Accounting Standards Update 2018-02

(37,136)

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

Unrealized holding gains (losses) on derivatives

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

(118,015)

Amounts reclassified out of other comprehensive income (loss)

(109,435)

2,958

25,066

(81,411)

Unrealized holding gains (losses) on derivatives | Accounting Standards Update 2018-02

(201,805)

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

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

(2,379)

Pension plans

(39,708)

Amounts reclassified out of other comprehensive income (loss)

682

1,282

(317)

1,647

Pension plans | Accounting Standards Update 2018-02

$ (38,061)

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