0000006281-22-000168 | 10-Q | XBRL Viewer

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Cover	6 Months Ended
Cover	Apr. 30, 2022 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2022
Document Transition Report	false
Entity File Number	1-7819
Entity Registrant Name	Analog Devices, Inc.
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	04-2348234
Entity Address, Address Line One	One Analog Way,
Entity Address, City or Town	Wilmington,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01887
City Area Code	781
Local Phone Number	935-5565
Title of 12(b) Security	Common Stock $0.16 2/3 par value per share
Entity Trading Symbol	ADI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	519,806,028
Entity Central Index Key	0000006281
Current Fiscal Year End Date	--10-29
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Income Statement [Abstract]
Revenue	$ 2,972,064	$ 1,661,407	$ 5,656,357	$ 3,219,865
Cost of sales	1,027,544	524,770	2,309,840	1,037,857
Gross margin	1,944,520	1,136,637	3,346,517	2,182,008
Operating expenses:
Research and development	420,901	302,238	847,681	590,388
Selling, marketing, general and administrative	305,308	206,612	602,673	391,887
Amortization of intangibles	253,476	107,786	506,843	215,434
Special charges, net	46,674	311	106,402	749
Total operating expenses	1,026,359	616,947	2,063,599	1,198,458
Operating income:	918,161	519,690	1,282,918	983,550
Nonoperating expense (income):
Interest expense	49,548	43,066	101,512	85,545
Interest income	(563)	(290)	(781)	(499)
Other, net	(10,069)	929	(20,613)	(14,099)
Total nonoperating expense (income)	38,916	43,705	80,118	70,947
Income before income taxes	879,245	475,985	1,202,800	912,603
Provision for income taxes	95,972	53,080	139,450	101,179
Net income	$ 783,273	$ 422,905	$ 1,063,350	$ 811,424
Shares used to compute earnings per common share – basic (in shares)	522,370	368,823	523,831	369,013
Shares used to compute earnings per common share – diluted (in shares)	526,264	372,418	528,203	372,762
Basic earnings per common share (in dollars per share)	$ 1.50	$ 1.15	$ 2.03	$ 2.20
Diluted earnings per common share (in dollars per share)	$ 1.49	$ 1.14	$ 2.01	$ 2.18

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 783,273	$ 422,905	$ 1,063,350	$ 811,424
Foreign currency translation adjustments	(17,868)	(254)	(22,472)	8,025
#REF!	(3,757)	35,428	(2,710)	59,893
Changes in pension plans, net actuarial loss and foreign currency translation adjustments (net of taxes of $91, $86, $187 and $172, respectively)	2,628	412	4,132	(1,372)
Other comprehensive (loss) income	(18,997)	35,586	(21,050)	66,546
Comprehensive income	$ 764,276	$ 458,491	$ 1,042,300	$ 877,970

- Definition

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

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+ Details

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Statement of Comprehensive Income [Abstract]
Changes in fair value of derivatives, tax	$ 258	$ 10,448	$ 248	$ 17,109
Change in actuarial loss/gain, tax	$ 91	$ 86	$ 187	$ 172

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2022	Oct. 30, 2021
Current Assets
Cash and cash equivalents	$ 1,737,733	$ 1,977,964
Accounts receivable	1,608,254	1,459,056
Inventories	1,075,297	1,200,610
Prepaid expenses and other current assets	212,905	740,687
Total current assets	4,634,189	5,378,317
Non-current Assets
Net property, plant and equipment	2,094,148	1,979,051
Goodwill	26,923,756	26,918,470
Intangible assets, net	14,258,728	15,267,170
Deferred tax assets	2,325,317	2,267,269
Other assets	564,514	511,794
Total non-current assets	46,166,463	46,943,754
TOTAL ASSETS	50,800,652	52,322,071
Current Liabilities
Accounts payable	451,443	443,434
Income taxes payable	337,362	332,685
Debt, current	0	516,663
Accrued liabilities	1,537,407	1,477,530
Total current liabilities	2,326,212	2,770,312
Non-current Liabilities
Long-term debt	6,253,215	6,253,212
Deferred income taxes	3,873,084	3,938,830
Income taxes payable	698,525	811,337
Other non-current liabilities	549,834	555,838
Total non-current liabilities	11,374,658	11,559,217
Shareholders’ Equity
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding	0	0
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 519,806,028 shares outstanding (525,330,672 on October 30, 2021)	86,636	87,554
Capital in excess of par value	29,400,284	30,574,237
Retained earnings	7,820,477	7,517,316
Accumulated other comprehensive loss	(207,615)	(186,565)
Total shareholders’ equity	37,099,782	37,992,542
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 50,800,652	$ 52,322,071

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2022	Oct. 30, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, shares authorized (in shares)	471,934	471,934
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.16	$ 0.16
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	519,806,028	525,330,672

Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Oct. 31, 2020		369,485
Beginning balance at Oct. 31, 2020		$ 61,582	$ 4,949,586	$ 7,236,238	$ (249,461)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 811,424			811,424
Dividends declared and paid				(483,608)
Issuance of stock under stock plans and other (in shares)		1,644
Issuance of stock under stock plans and other		$ 274	43,398
Stock-based compensation expense			76,996
Other comprehensive income (loss)	$ 66,546				66,546
Common stock repurchased (in shares)		(2,302)
Common stock repurchased		$ (384)	(345,487)
Ending balance (in shares) at May. 01, 2021		368,827
Ending balance at May. 01, 2021		$ 61,472	4,724,493	7,564,054	(182,915)
Beginning balance (in shares) at Oct. 31, 2020		369,485
Beginning balance at Oct. 31, 2020		$ 61,582	4,949,586	7,236,238	(249,461)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased (in shares)	(12,300)
Ending balance (in shares) at Oct. 30, 2021		525,331
Ending balance at Oct. 30, 2021	$ 37,992,542	$ 87,554	30,574,237	7,517,316	(186,565)
Beginning balance (in shares) at Oct. 31, 2020		369,485
Beginning balance at Oct. 31, 2020		$ 61,582	4,949,586	7,236,238	(249,461)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased (in shares)	(14,400)
Ending balance (in shares) at Apr. 30, 2022		519,806
Ending balance at Apr. 30, 2022	$ 37,099,782	$ 86,636	29,400,284	7,820,477	(207,615)
Beginning balance (in shares) at Jan. 30, 2021		368,894
Beginning balance at Jan. 30, 2021		$ 61,484	4,849,185	7,395,578	(218,501)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	422,905			422,905
Dividends declared and paid				(254,429)
Issuance of stock under stock plans and other (in shares)		1,155
Issuance of stock under stock plans and other		$ 192	23,560
Stock-based compensation expense			40,358
Other comprehensive income (loss)	35,586				35,586
Common stock repurchased (in shares)		(1,222)
Common stock repurchased		$ (204)	(188,610)
Ending balance (in shares) at May. 01, 2021		368,827
Ending balance at May. 01, 2021		$ 61,472	4,724,493	7,564,054	(182,915)
Beginning balance (in shares) at Oct. 30, 2021		525,331
Beginning balance at Oct. 30, 2021	$ 37,992,542	$ 87,554	30,574,237	7,517,316	(186,565)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased (in shares)	(2,100)
Ending balance (in shares) at Jan. 29, 2022		523,315
Ending balance at Jan. 29, 2022		$ 87,221	30,093,961	7,434,748	(188,618)
Beginning balance (in shares) at Oct. 30, 2021		525,331
Beginning balance at Oct. 30, 2021	$ 37,992,542	$ 87,554	30,574,237	7,517,316	(186,565)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,063,350			1,063,350
Dividends declared and paid				(760,189)
Issuance of stock under stock plans and other (in shares)		1,983
Issuance of stock under stock plans and other		$ 332	19,722
Stock-based compensation expense			157,935
Other comprehensive income (loss)	(21,050)				(21,050)
Common stock repurchased (in shares)		(7,508)
Common stock repurchased		$ (1,250)	(1,351,610)
Ending balance (in shares) at Apr. 30, 2022		519,806
Ending balance at Apr. 30, 2022	37,099,782	$ 86,636	29,400,284	7,820,477	(207,615)
Beginning balance (in shares) at Jan. 29, 2022		523,315
Beginning balance at Jan. 29, 2022		$ 87,221	30,093,961	7,434,748	(188,618)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	783,273			783,273
Dividends declared and paid				(397,544)
Issuance of stock under stock plans and other (in shares)		1,404
Issuance of stock under stock plans and other		$ 234	11,348
Stock-based compensation expense			70,996
Other comprehensive income (loss)	(18,997)				(18,997)
Common stock repurchased (in shares)		(4,913)
Common stock repurchased		$ (819)	(776,021)
Ending balance (in shares) at Apr. 30, 2022		519,806
Ending balance at Apr. 30, 2022	$ 37,099,782	$ 86,636	$ 29,400,284	$ 7,820,477	$ (207,615)

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 0.76	$ 0.69	$ 1.45	$ 1.31

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2022	May 01, 2021
Cash flows from operating activities:
Net income	$ 1,063,350	$ 811,424
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	137,016	108,775
Amortization of intangibles	1,008,900	290,745
Stock-based compensation expense	157,935	76,996
Cost of goods sold for inventory acquired	271,396	0
Deferred income taxes	(122,992)	(48,292)
Non-cash operating lease costs	(27,697)	8,040
Other	(10,225)	(12,122)
Changes in operating assets and liabilities	(399,463)	(71,263)
Total adjustments	1,014,870	352,879
Net cash provided by operating activities	2,078,220	1,164,303
Cash flows from investing activities:
Additions to property, plant and equipment	(229,912)	(126,558)
Other	13,010	(9,210)
Net cash used for investing activities	(216,902)	(135,768)
Cash flows from financing activities:
Early termination of debt	(519,116)	0
Dividend payments to shareholders	(760,189)	(483,608)
Repurchase of common stock	(852,860)	(345,871)
Proceeds from employee stock plans	20,054	43,672
Other	26,657	2,399
Net cash used for financing activities	(2,085,454)	(783,408)
Effect of exchange rate changes on cash	(16,095)	4,229
Net (decrease) increase in cash and cash equivalents	(240,231)	249,356
Cash and cash equivalents at beginning of period	1,977,964	1,055,860
Cash and cash equivalents at end of period	$ 1,737,733	$ 1,305,216

Basis of Presentation	6 Months Ended
Basis of Presentation	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of management, the information furnished in the accompanying condensed consolidated financial statements reflects all normal recurring adjustments that are necessary to fairly state the results for these interim periods and should be read in conjunction with Analog Devices, Inc.’s (the Company) Annual Report on Form 10-K for the fiscal year ended October 30, 2021 (fiscal 2021) 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 29, 2022 (fiscal 2022) 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 2022 presentation. On August 26, 2021 (Acquisition Date), the Company completed the acquisition of Maxim Integrated Products, Inc. (Maxim), an independent manufacturer of innovative analog and mixed-signal products and technologies. The acquisition of Maxim is referred to as the Acquisition. The consolidated financial statements included in this Quarterly Report on Form 10-Q include the financial results of Maxim prospectively from the Acquisition Date. See Note 14, Acquisitions, in these Notes to Condensed Consolidated Financial Statements for additional information.

Shareholders' Equity	6 Months Ended
Shareholders' Equity	Apr. 30, 2022
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders' Equity In fiscal 2021, the Company entered into accelerated share repurchase agreements (ASR) with third party financial institutions, paid $2.5 billion and received an initial delivery of 12.3 million shares of common stock, which represented approximately 80% of the notional amount of the ASR. As of October 30, 2021, the Company recorded the remaining 20%, or $500.0 million, within Prepaid expenses and other current assets on the Consolidated Balance Sheet, which was utilized during the first quarter of fiscal 2022. During the first quarter of fiscal 2022, the ASR was completed and an additional 2.1 million shares of common stock were received as final settlement of the ASR. In total, the Company repurchased 14.4 million shares under the ASR at an average price per share of $173.77. As of April 30, 2022, the Company had repurchased a total of approximately 178.5 million shares of its common stock for approximately $10.0 billion under the Company's share repurchase program. As of April 30, 2022, an additional $6.6 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. Future repurchases of common stock will be dependent upon the Company's financial position, results of operations, outlook, liquidity and other factors deemed relevant by the Company.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (b)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Apr. 30, 2022

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 2022.


	Foreign currency translation adjustment		Unrealized holding gains (losses) on derivatives		Pension plans		Total
October 30, 2021	$	(25,795)	$	(123,754)	$	(37,016)	$	(186,565)
Other comprehensive (loss) income before reclassifications	(22,472)		(20,728)		3,185		(40,015)
Amounts reclassified out of other comprehensive income	—		18,266		1,134		19,400
Tax effects	—		(248)		(187)		(435)
Other comprehensive (loss) income	(22,472)		(2,710)		4,132		(21,050)

April 30, 2022	$	(48,267)	$	(126,464)	$	(32,884)	$	(207,615)

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	April 30, 2022		May 1, 2021		April 30, 2022		May 1, 2021		Location
Unrealized holding (gains) losses on derivatives
Currency forwards	$	2,113	$	(1,363)	$	3,864	$	(3,350)	Cost of sales
	1,373		(791)		2,583		(1,855)		Research and development
	2,485		(606)		4,357		(1,824)		Selling, marketing, general and administrative

Interest rate derivatives	3,731		464		7,462		928		Interest expense

	9,702		(2,296)		18,266		(6,101)		Total before tax
	(1,485)		329		(2,786)		533		Tax

	$	8,217	$	(1,967)	$	15,480	$	(5,568)	Net of tax

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


Actuarial losses	549		750		1,134		1,498
	(91)		(86)		(187)		(172)		Tax
	$	458	$	664	$	947	$	1,326	Net of tax

Total amounts reclassified out of AOCI, net of tax	$	8,675	$	(1,303)	$	16,427	$	(4,242)

Earnings Per Share

6 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per ShareThe following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended				Six Months Ended
	April 30, 2022		May 1, 2021		April 30, 2022		May 1, 2021
Net Income	$	783,273	$	422,905	$	1,063,350	$	811,424



Basic shares:
Weighted-average shares outstanding	522,370		368,823		523,831		369,013
Earnings per common share basic:	$	1.50	$	1.15	$	2.03	$	2.20
Diluted shares:
Weighted-average shares outstanding	522,370		368,823		523,831		369,013
Assumed exercise of common stock equivalents	3,894		3,595		4,372		3,749
Weighted-average common and common equivalent shares	526,264		372,418		528,203		372,762
Earnings per common share diluted:	$	1.49	$	1.14	$	2.01	$	2.18
Anti-dilutive shares related to:
Outstanding stock-based awards	738		622		461		430

Special Charges, net

6 Months Ended

Apr. 30, 2022

Restructuring and Related Activities [Abstract]

Special Charges, net

Liabilities related to special charges, net are included in Accrued liabilities in the Condensed Consolidated Balance Sheets. The activity is detailed below:


Accrued Special Charges	Closure of Manufacturing Facilities		Global Repositioning Actions















































Balance at October 30, 2021	$	25,774	$	21,065
Employee severance and benefit costs	75		44,411
Facility closure costs	6,513		—
Severance and benefit payments	(4,016)		(25,776)
Facility closure cost payments	(6,513)		—
Effect of foreign currency on accrual	—		(54)
Balance at January 29, 2022	$	21,833	$	39,646
Employee severance and benefit costs	—		39,610
Facility closure costs	4,287		—
Severance and benefit payments	(14,026)		(25,608)
Facility closure cost payments	(4,287)		—
Effect of foreign currency on accrual	—		(156)
Balance at April 30, 2022	$	7,807	$	53,492

Closure of Manufacturing Facilities

The Company recorded net special charges of $66.9 million on a cumulative basis through April 30, 2022 as a result of its decision to consolidate certain wafer and test facility operations acquired as part of the acquisition of Linear Technology Corporation.

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 selling, marketing, general and administrative (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.

During fiscal 2021, the Company ceased production at its Hillview wafer fabrication facility located in Milpitas, California and determined that this facility met the held for sale criteria specified in Accounting Standards Codification (ASC) 360. See Note 6, Property, Plant and Equipment in these Notes to Condensed Consolidated Financial Statements for amounts reclassified.

During fiscal 2021, the Company completed the sale of its facility and certain equipment in Singapore, which were previously classified as held for sale, for approximately $35.7 million, which resulted in a gain of $13.6 million. Concurrent with the sale, the Company entered into a short-term lease agreement to leaseback a portion of the facility while it completes its transition of related operations to its facilities in Penang, Malaysia and the Philippines, as well as to its outsourced assembly and test partners.

Global Repositioning Actions

The Company recorded net special charges of $316.4 million on a cumulative basis through April 30, 2022, as part of the integration of the Acquisition and continued organizational initiatives to better align its global workforce with the Company's long-term strategic plan. Special charges of $95.5 million recognized in the first six months of fiscal 2022 primarily consisted of $103.8 million of severance and benefit costs as well as charges recorded from the acceleration of equity awards in connection with the termination of certain employees in manufacturing, engineering and SMG&A roles at sites assumed related to the Acquisition and various locations throughout the world. These charges were partially offset by a gain of $8.3 million recognized upon the sale of a business.

Property, Plant and Equipment

6 Months Ended

Apr. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment During fiscal 2021, the Company ceased production at its Hillview wafer fabrication facility located in Milpitas, California and determined that this facility met the held for sale criteria specified in ASC 360. As of April 30, 2022, Prepaid expenses and other current assets includes the following assets held for sale recorded at the fair value of the asset group, less costs to sell:



Land and buildings	$	40,070
Less accumulated depreciation and amortization	(13,634)
Net property, plant and equipment reclassified to Prepaid expenses and other current assets	$	26,436

Revenue

6 Months Ended

Apr. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

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 evolves and improves, 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
	April 30, 2022						May 1, 2021
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	1,501,111	51	%	54	%	$	975,706	59	%
Automotive	633,926		21	%	145	%	258,943		16	%
Communications	473,074		16	%	70	%	278,650		17	%
Consumer	363,953		12	%	146	%	148,108		9	%


Total revenue	$	2,972,064	100	%	79	%	$	1,661,407	100	%


	Six Months Ended
	April 30, 2022						May 1, 2021
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	2,847,838	50	%	55	%	$	1,833,198	57	%
Automotive	1,184,927		21	%	134	%	505,748		16	%
Communications	885,450		16	%	58	%	560,904		17	%
Consumer	738,142		13	%	131	%	320,015		10	%
Total revenue	$	5,656,357	100	%	76	%	$	3,219,865	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
	April 30, 2022				May 1, 2021
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	1,849,988	62	%	$	1,092,928	66	%
Direct customers	1,091,710		37	%	546,555		33	%
Other	30,366		1	%	21,924		1	%
Total revenue	$	2,972,064	100	%	$	1,661,407	100	%

	Six Months Ended
	April 30, 2022				May 1, 2021
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	3,503,042	62	%	$	2,039,314	63	%
Direct customers	2,094,891		37	%	1,136,011		35	%
Other	58,424		1	%	44,540		1	%
Total revenue	$	5,656,357	100	%	$	3,219,865	100	%
* The sum of the individual percentages may not equal the total due to rounding.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

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+ Details

Fair Value

6 Months Ended

Apr. 30, 2022

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 April 30, 2022 and October 30, 2021. 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 April 30, 2022 and October 30, 2021, the Company held $1,030.1 million and $1,315.0 million, respectively, of cash that was

excluded from the tables below.


	April 30, 2022
	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	$	577,683	$	—	$	577,683
Corporate obligations (1)	—		129,941		129,941














Other assets:
Deferred compensation plan investments	66,390		—		66,390


Total assets measured at fair value	$	644,073	$	129,941	$	774,014
Liabilities

Forward foreign currency exchange contracts (2)	$	—	$	22,524	$	22,524

Total liabilities measured at fair value	$	—	$	22,524	$	22,524

(1)The amortized cost of the Company’s investments classified as available-for-sale as of April 30, 2022 was $130.0 million.

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


	October 30, 2021
	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	$	662,997	$	—	$	662,997









Other assets:

Deferred compensation plan investments	71,301		—		71,301

Total assets measured at fair value	$	734,298	$	—	$	734,298
Liabilities

Forward foreign currency exchange contracts (1)	$	—	$	8,085	$	8,085

Total liabilities measured at fair value	$	—	$	8,085	$	8,085

(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.

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.

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

Held for sale assets —The Company has classified the assets held for sale at fair value, which is determined based on the use of appraisals and input from market participants, and as such is considered a Level 3 fair value measurement. See Note 6, Property, Plant and Equipment, in these Notes to Condensed Consolidated Financial Statements for more information related to held for sale assets.

Debt — The table below presents the estimated fair value of certain financial instruments not recorded at fair value on a recurring basis. 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.


	April 30, 2022				October 30, 2021
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
Maxim 2023 Notes, due March 2023	$	—	$	—	$	500,000	$	520,236
2024 Notes, due October 2024	500,000		496,904		500,000		500,482
2025 Notes, due April 2025	400,000		394,337		400,000		423,265
2026 Notes, due December 2026	900,000		895,250		900,000		986,243
Maxim 2027 Notes, due June 2027	500,000		484,078		500,000		542,942
2028 Notes, due October 2028	750,000		655,130		750,000		743,109
2031 Notes, due October 2031	1,000,000		854,753		1,000,000		996,702
2036 Notes, due December 2036	144,278		143,752		144,278		176,960
2041 Notes, due October 2041	750,000		595,806		750,000		758,246
2045 Notes, due December 2045	332,587		365,491		332,587		469,592
2051 Notes, due October 2051	1,000,000		772,751		1,000,000		1,029,830
Total debt	$	6,276,865	$	5,658,252	$	6,776,865	$	7,147,607

- 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

Apr. 30, 2022

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, Thai Baht, South Korean Won and 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, Thai Baht, South Korean Won and Japanese Yen as of April 30, 2022 and October 30, 2021 were $289.3 million and $343.6 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 April 30, 2022 and October 30, 2021 were as follows:


		Fair Value At
	Balance Sheet Location	April 30, 2022		October 30, 2021

Forward foreign currency exchange contracts	Accrued liabilities	$	19,214	$	7,113

As of April 30, 2022 and October 30, 2021, the total notional amounts of undesignated hedges related to forward foreign currency exchange contracts were $249.4 million and $120.0 million, respectively. The fair values of these hedging instruments in the Company’s Condensed Consolidated Balance Sheets were immaterial as of April 30, 2022 and October 30, 2021.

The Company estimates $14.0 million, net of tax, of settlements on forward foreign currency derivative instruments included in AOCI will be reclassified into earnings within the next twelve months.

All of the Company’s derivative financial instruments are eligible for netting arrangements that allow the Company and its counterparties to net settle amounts owed to each other. Derivative assets and liabilities that can be net settled under these arrangements have been presented in the Company's Condensed Consolidated Balance Sheets on a net basis. As of April 30, 2022 and October 30, 2021, 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:


	April 30, 2022		October 30, 2021
Gross amounts of recognized liabilities	$	(24,924)	$	(8,404)
Gross amount of recognized assets	2,400		319

Net liabilities offset and presented in the Condensed Consolidated Balance Sheets	$	(22,524)	$	(8,085)

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 April 30, 2022 and October 30, 2021, 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 3, Accumulated Other Comprehensive (Loss) Income, in these Notes to Condensed Consolidated Financial Statements for further information.

Inventories

6 Months Ended

Apr. 30, 2022

Inventory Disclosure [Abstract]

Inventories

InventoriesInventories at April 30, 2022 and October 30, 2021 were as follows:


	April 30, 2022		October 30, 2021
Raw materials	$	85,122	$	71,639
Work in process	756,449		858,627
Finished goods	233,726		270,344
Total inventories	$	1,075,297	$	1,200,610

Debt	6 Months Ended
Debt	Apr. 30, 2022
Debt Disclosure [Abstract]
Debt	DebtIn conjunction with the Acquisition, the Company acquired $500.0 million aggregate principal amount of Maxim’s 3.375% senior unsecured and unsubordinated notes due March 15, 2023 (the Maxim March 2023 Notes). On November 4, 2021, the Maxim March 2023 Notes were redeemed for cash at a redemption price equal to $1,038.23 for each $1,000 principal amount.

Income Taxes	6 Months Ended
Income Taxes	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rates for the three- and six-month periods ended April 30, 2022 and May 1, 2021 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. During the first six-months of fiscal 2022, the Company increased acquisition related tax reserves by $15.6 million consisting of $12.3 million in tax and $3.3 million in accrued interest primarily relating to tax audits. It is reasonably possible that the balance of gross unrecognized tax benefits, including accrued interest and penalties, could decrease by as much as $146.0 million within the next twelve months due to the completion of tax audits, including any administrative appeals. The Company has numerous audits ongoing throughout the world including: an IRS income tax audit for the fiscal years ended November 3, 2018 and November 2, 2019; a pre-acquisition IRS income tax audit for Maxim's fiscal years ended June 27, 2015 through June 27, 2020; various U.S. state and local audits and various international audits. The Company's U.S. federal tax returns prior to the fiscal year ended November 3, 2018 are no longer subject to examination, except for the Maxim pre-Acquisition fiscal years 2015 to 2020 noted above.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	Apr. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Standards Implemented Reference Rate Reform In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for accounting for contracts, hedging relationships, and other transactions affected by reference rate reform, if certain criteria are met. The provisions of this standard are available for election through December 31, 2022. The Company adopted this standard in the first quarter of fiscal 2022 with no material impact on the Company's financial position and results of operations. Standards to Be Implemented Acquired Contract Assets and Contract Liabilities In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Acquired Contract Assets and Contract Liabilities. Under the new guidance (ASC 805-20-30-28), the acquirer should determine what contract assets and/or contract liabilities it would have recorded under ASC 606 (the revenue guidance) as of the acquisition date, as if the acquirer had entered into the original contract at the same date and on the same terms as the acquiree. The recognition and measurement of those contract assets and contract liabilities will likely be comparable to what the acquiree has recorded on its books under ASC 606 as of the acquisition date. ASU 2021-08 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. ASU 2021-08 is effective for the Company in the first quarter of the fiscal year ended November 1, 2024. Early adoption is permitted, including in an interim period, for any period for which financial statements have not yet been issued. However, adoption in an interim period other than the first fiscal quarter requires an entity to apply the new guidance to all prior business combinations that have occurred since the beginning of the annual period in which the new guidance is adopted. The Company is currently evaluating the adoption date of ASU 2021-08 and the impact, if any, adoption will have on its financial position and results of operations.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Acquisitions

6 Months Ended

Apr. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Acquisitions

Maxim Integrated Products, Inc.

On the Acquisition Date, the Company completed its acquisition of all of the voting interests of Maxim, an independent manufacturer of innovative analog and mixed-signal products and technologies. The total consideration paid to acquire Maxim, which consisted of cash, common stock of the Company and share-based compensation awards, was approximately $28.0 billion. The Company believes the combination creates an expanded suite of top-performing mixed-signal and power management technology offerings and complements the Company's legacy offerings. The results of operations of Maxim from the Acquisition Date are included in the Company’s Condensed Consolidated Statements of Income, Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Cash Flows and Condensed Consolidated Statement of Shareholders’ Equity for the three- and six-month periods ended April 30, 2022.

During the first half of fiscal 2022, the Company recorded acquisition accounting adjustments of $15.3 million to goodwill comprised of $19.0 million to income tax payable and $1.6 million to accrued liabilities offset by decreases of $3.5 million to deferred income taxes and $1.8 million to other non-current liabilities. The Acquisition accounting is not complete and additional information relating to conditions that existed at the Acquisition Date may become known to the

Company during the remainder of the measurement period. As of the filing date of this Quarterly Report on Form 10-Q, the Company is still in the process of valuing Maxim's assets, including fixed assets, intangible assets, and liabilities, including related income tax accounting.

The following unaudited pro forma consolidated financial information for the three- and six-month periods ended May 1, 2021 combines the results of the Company for the three- and six-month periods ended May 1, 2021 and the unaudited results of Maxim for the corresponding period. The unaudited pro forma consolidated financial information assumes that the Acquisition, which closed on August 26, 2021, was completed on November 3, 2019 (the first day of fiscal 2020). The pro forma consolidated financial information has been calculated after applying the Company’s accounting policies and includes adjustments for amortization expense of acquired intangible assets, fair value adjustments for acquired inventory, property, plant and equipment and long-term debt and compensation expense for ongoing share-based compensation arrangements that were replaced in conjunction with the Acquisition, together with the consequential tax effects. These pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the operating results of the Company that would have been achieved had the Acquisition actually taken place on November 3, 2019. In addition, these results are not intended to be a projection of future results and do not reflect events that may occur after the Acquisition, including but not limited to revenue enhancements, cost savings or operating synergies that the combined Company may achieve as a result of the Acquisition.


	Pro Forma Three Months Ended (unaudited)		Pro Forma Six Months Ended (unaudited)
	May 1, 2021		May 1, 2021

Revenue	$	2,320,711	$	4,498,698
Net income	$	352,949	$	625,506
Basic net income per common share	$	0.66	$	1.16
Diluted net income per common share	$	0.65	$	1.15

Commitment and Contingencies	6 Months Ended
Commitment and Contingencies	Apr. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesOn March 17, 2022, Walter E. Ryan and Ryan Asset Management, LLC, purported stockholders of Maxim, filed a putative class action in the Court of Chancery of the State of Delaware (C.A. No. 2022—0255) against the Company and the former directors of Maxim. The complaint alleges breach of fiduciary duties by the individual defendants in connection with Maxim’s agreement, as part of the merger negotiations with the Company, to suspend Maxim dividends for up to four quarters prior to the closing of the Acquisition. The complaint further alleges that the Company aided and abetted that alleged breach of fiduciary duties. The plaintiffs seek damages in an amount to be determined at trial, plaintiffs’ costs and disbursements, including reasonable attorneys’ and experts’ fees, costs and other expenses. The Company believes that it and the other defendants have meritorious defenses to these allegations; however, the Company is currently unable to determine the ultimate outcome of this matter or determine an estimate, or a range of estimates, of potential losses, if any.

Subsequent Events	6 Months Ended
Subsequent Events	Apr. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn May 17, 2022, the Board of Directors of the Company declared a cash dividend of $0.76 per outstanding share of common stock. The dividend will be paid on June 9, 2022 to all shareholders of record at the close of business on May 31, 2022 and is expected to total approximately $395.1 million.

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Apr. 30, 2022
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 2022 presentation.
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. 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.Held for sale assets —The Company has classified the assets held for sale at fair value, which is determined based on the use of appraisals and input from market participants, and as such is considered a Level 3 fair value measurement. See Note 6, Property, Plant and Equipment, in these Notes to Condensed Consolidated Financial Statements for more information related to held for sale assets.
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, Thai Baht, South Korean Won and 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 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 April 30, 2022 and October 30, 2021, 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 and Standards to Be Implemented	Standards Implemented Reference Rate Reform In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for accounting for contracts, hedging relationships, and other transactions affected by reference rate reform, if certain criteria are met. The provisions of this standard are available for election through December 31, 2022. The Company adopted this standard in the first quarter of fiscal 2022 with no material impact on the Company's financial position and results of operations. Standards to Be Implemented Acquired Contract Assets and Contract Liabilities In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Acquired Contract Assets and Contract Liabilities. Under the new guidance (ASC 805-20-30-28), the acquirer should determine what contract assets and/or contract liabilities it would have recorded under ASC 606 (the revenue guidance) as of the acquisition date, as if the acquirer had entered into the original contract at the same date and on the same terms as the acquiree. The recognition and measurement of those contract assets and contract liabilities will likely be comparable to what the acquiree has recorded on its books under ASC 606 as of the acquisition date. ASU 2021-08 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. ASU 2021-08 is effective for the Company in the first quarter of the fiscal year ended November 1, 2024. Early adoption is permitted, including in an interim period, for any period for which financial statements have not yet been issued. However, adoption in an interim period other than the first fiscal quarter requires an entity to apply the new guidance to all prior business combinations that have occurred since the beginning of the annual period in which the new guidance is adopted. The Company is currently evaluating the adoption date of ASU 2021-08 and the impact, if any, adoption will have on its financial position and results of operations.

Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Apr. 30, 2022

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 2022.


	Foreign currency translation adjustment		Unrealized holding gains (losses) on derivatives		Pension plans		Total
October 30, 2021	$	(25,795)	$	(123,754)	$	(37,016)	$	(186,565)
Other comprehensive (loss) income before reclassifications	(22,472)		(20,728)		3,185		(40,015)
Amounts reclassified out of other comprehensive income	—		18,266		1,134		19,400
Tax effects	—		(248)		(187)		(435)
Other comprehensive (loss) income	(22,472)		(2,710)		4,132		(21,050)

April 30, 2022	$	(48,267)	$	(126,464)	$	(32,884)	$	(207,615)

Schedule of reclassification out of accumulated other comprehensive income


	Three Months Ended				Six Months Ended
Comprehensive Income Component	April 30, 2022		May 1, 2021		April 30, 2022		May 1, 2021		Location
Unrealized holding (gains) losses on derivatives
Currency forwards	$	2,113	$	(1,363)	$	3,864	$	(3,350)	Cost of sales
	1,373		(791)		2,583		(1,855)		Research and development
	2,485		(606)		4,357		(1,824)		Selling, marketing, general and administrative

Interest rate derivatives	3,731		464		7,462		928		Interest expense

	9,702		(2,296)		18,266		(6,101)		Total before tax
	(1,485)		329		(2,786)		533		Tax

	$	8,217	$	(1,967)	$	15,480	$	(5,568)	Net of tax

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


Actuarial losses	549		750		1,134		1,498
	(91)		(86)		(187)		(172)		Tax
	$	458	$	664	$	947	$	1,326	Net of tax

Total amounts reclassified out of AOCI, net of tax	$	8,675	$	(1,303)	$	16,427	$	(4,242)

Earnings Per Share (Tables)

6 Months Ended

Apr. 30, 2022

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
	April 30, 2022		May 1, 2021		April 30, 2022		May 1, 2021
Net Income	$	783,273	$	422,905	$	1,063,350	$	811,424



Basic shares:
Weighted-average shares outstanding	522,370		368,823		523,831		369,013
Earnings per common share basic:	$	1.50	$	1.15	$	2.03	$	2.20
Diluted shares:
Weighted-average shares outstanding	522,370		368,823		523,831		369,013
Assumed exercise of common stock equivalents	3,894		3,595		4,372		3,749
Weighted-average common and common equivalent shares	526,264		372,418		528,203		372,762
Earnings per common share diluted:	$	1.49	$	1.14	$	2.01	$	2.18
Anti-dilutive shares related to:
Outstanding stock-based awards	738		622		461		430

Special Charges, net (Tables)

6 Months Ended

Apr. 30, 2022

Restructuring and Related Activities [Abstract]

Schedule of accrued restructuring

Liabilities related to special charges, net are included in Accrued liabilities in the Condensed Consolidated Balance Sheets. The activity is detailed below:


Accrued Special Charges	Closure of Manufacturing Facilities		Global Repositioning Actions















































Balance at October 30, 2021	$	25,774	$	21,065
Employee severance and benefit costs	75		44,411
Facility closure costs	6,513		—
Severance and benefit payments	(4,016)		(25,776)
Facility closure cost payments	(6,513)		—
Effect of foreign currency on accrual	—		(54)
Balance at January 29, 2022	$	21,833	$	39,646
Employee severance and benefit costs	—		39,610
Facility closure costs	4,287		—
Severance and benefit payments	(14,026)		(25,608)
Facility closure cost payments	(4,287)		—
Effect of foreign currency on accrual	—		(156)
Balance at April 30, 2022	$	7,807	$	53,492

Property, Plant and Equipment (Tables)

6 Months Ended

Apr. 30, 2022

Property, Plant and Equipment [Abstract]

Schedule of long lived assets held-for-sale

As of April 30, 2022, Prepaid expenses and other current assets includes the following assets held for sale recorded at the fair value of the asset group, less costs to sell:



Land and buildings	$	40,070
Less accumulated depreciation and amortization	(13,634)
Net property, plant and equipment reclassified to Prepaid expenses and other current assets	$	26,436

Revenue (Tables)

6 Months Ended

Apr. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue


	Three Months Ended
	April 30, 2022						May 1, 2021
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	1,501,111	51	%	54	%	$	975,706	59	%
Automotive	633,926		21	%	145	%	258,943		16	%
Communications	473,074		16	%	70	%	278,650		17	%
Consumer	363,953		12	%	146	%	148,108		9	%


Total revenue	$	2,972,064	100	%	79	%	$	1,661,407	100	%


	Six Months Ended
	April 30, 2022						May 1, 2021
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	2,847,838	50	%	55	%	$	1,833,198	57	%
Automotive	1,184,927		21	%	134	%	505,748		16	%
Communications	885,450		16	%	58	%	560,904		17	%
Consumer	738,142		13	%	131	%	320,015		10	%
Total revenue	$	5,656,357	100	%	76	%	$	3,219,865	100	%
* The sum of the individual percentages may not equal the total due to rounding.

Revenue by Sales Channel

customers for which revenue is recorded over time.


	Three Months Ended
	April 30, 2022				May 1, 2021
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	1,849,988	62	%	$	1,092,928	66	%
Direct customers	1,091,710		37	%	546,555		33	%
Other	30,366		1	%	21,924		1	%
Total revenue	$	2,972,064	100	%	$	1,661,407	100	%

	Six Months Ended
	April 30, 2022				May 1, 2021
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	3,503,042	62	%	$	2,039,314	63	%
Direct customers	2,094,891		37	%	1,136,011		35	%
Other	58,424		1	%	44,540		1	%
Total revenue	$	5,656,357	100	%	$	3,219,865	100	%
* The sum of the individual percentages may not equal the total due to rounding.

Fair Value (Tables)

6 Months Ended

Apr. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of fair value of financial assets and liabilities

excluded from the tables below.


	April 30, 2022
	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	$	577,683	$	—	$	577,683
Corporate obligations (1)	—		129,941		129,941














Other assets:
Deferred compensation plan investments	66,390		—		66,390


Total assets measured at fair value	$	644,073	$	129,941	$	774,014
Liabilities

Forward foreign currency exchange contracts (2)	$	—	$	22,524	$	22,524

Total liabilities measured at fair value	$	—	$	22,524	$	22,524

(1)The amortized cost of the Company’s investments classified as available-for-sale as of April 30, 2022 was $130.0 million.


	October 30, 2021
	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	$	662,997	$	—	$	662,997









Other assets:

Deferred compensation plan investments	71,301		—		71,301

Total assets measured at fair value	$	734,298	$	—	$	734,298
Liabilities

Forward foreign currency exchange contracts (1)	$	—	$	8,085	$	8,085

Total liabilities measured at fair value	$	—	$	8,085	$	8,085

Schedule of debt

The table below presents the estimated fair value of certain financial instruments not recorded at fair value on a recurring basis. 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.


	April 30, 2022				October 30, 2021
	Principal Amount Outstanding		Fair Value		Principal Amount Outstanding		Fair Value
Maxim 2023 Notes, due March 2023	$	—	$	—	$	500,000	$	520,236
2024 Notes, due October 2024	500,000		496,904		500,000		500,482
2025 Notes, due April 2025	400,000		394,337		400,000		423,265
2026 Notes, due December 2026	900,000		895,250		900,000		986,243
Maxim 2027 Notes, due June 2027	500,000		484,078		500,000		542,942
2028 Notes, due October 2028	750,000		655,130		750,000		743,109
2031 Notes, due October 2031	1,000,000		854,753		1,000,000		996,702
2036 Notes, due December 2036	144,278		143,752		144,278		176,960
2041 Notes, due October 2041	750,000		595,806		750,000		758,246
2045 Notes, due December 2045	332,587		365,491		332,587		469,592
2051 Notes, due October 2051	1,000,000		772,751		1,000,000		1,029,830
Total debt	$	6,276,865	$	5,658,252	$	6,776,865	$	7,147,607

Derivatives (Tables)

6 Months Ended

Apr. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of 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 April 30, 2022 and October 30, 2021 were as follows:


		Fair Value At
	Balance Sheet Location	April 30, 2022		October 30, 2021

Forward foreign currency exchange contracts	Accrued liabilities	$	19,214	$	7,113

Schedule of net amount of derivative assets and liabilities


	April 30, 2022		October 30, 2021
Gross amounts of recognized liabilities	$	(24,924)	$	(8,404)
Gross amount of recognized assets	2,400		319

Net liabilities offset and presented in the Condensed Consolidated Balance Sheets	$	(22,524)	$	(8,085)

Inventories (Tables)

6 Months Ended

Apr. 30, 2022

Inventory Disclosure [Abstract]

Schedule of inventories

Inventories at April 30, 2022 and October 30, 2021 were as follows:


	April 30, 2022		October 30, 2021
Raw materials	$	85,122	$	71,639
Work in process	756,449		858,627
Finished goods	233,726		270,344
Total inventories	$	1,075,297	$	1,200,610

Acquisitions (Tables)

6 Months Ended

Apr. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Unaudited pro forma consolidated financial information


	Pro Forma Three Months Ended (unaudited)		Pro Forma Six Months Ended (unaudited)
	May 1, 2021		May 1, 2021

Revenue	$	2,320,711	$	4,498,698
Net income	$	352,949	$	625,506
Basic net income per common share	$	0.66	$	1.16
Diluted net income per common share	$	0.65	$	1.15

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	12 Months Ended	18 Months Ended
	Jan. 29, 2022	Oct. 30, 2021	Apr. 30, 2022
Stockholders' Equity Note [Abstract]
Stock repurchase program, authorized amount		$ 2,500.0	$ 10,000.0
Stock repurchased during period (in shares)	2.1	12.3	14.4
Initial purchase, percentage of common stock underlying agreement		80.00%
Remaining purchase, percentage of common stock underlying agreement		20.00%
Stock repurchase program, remaining authorized repurchase amount		$ 500.0	$ 6,600.0
Stock repurchase program, average price per share (in dollars per shares)			$ 173.77
Number of shares authorized to be repurchased (in shares)			178.5

Accumulated Other Comprehensive (Loss) Income - Changes By Component and Tax Effect (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 37,992,542
Other comprehensive (loss) income before reclassifications			(40,015)
Amounts reclassified out of other comprehensive income			19,400
Tax effects			(435)
Other comprehensive (loss) income	$ (18,997)	$ 35,586	(21,050)	$ 66,546
Ending balance	37,099,782		37,099,782
AOCI
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(188,618)	(218,501)	(186,565)	(249,461)
Other comprehensive (loss) income	(18,997)	35,586	(21,050)	66,546
Ending balance	(207,615)	$ (182,915)	(207,615)	$ (182,915)
Foreign currency translation adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(25,795)
Other comprehensive (loss) income before reclassifications			(22,472)
Amounts reclassified out of other comprehensive income			0
Tax effects			0
Other comprehensive (loss) income			(22,472)
Ending balance	(48,267)		(48,267)
Unrealized holding gains (losses) on derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(123,754)
Other comprehensive (loss) income before reclassifications			(20,728)
Amounts reclassified out of other comprehensive income			18,266
Tax effects			(248)
Other comprehensive (loss) income			(2,710)
Ending balance	(126,464)		(126,464)
Pension plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(37,016)
Other comprehensive (loss) income before reclassifications			3,185
Amounts reclassified out of other comprehensive income			1,134
Tax effects			(187)
Other comprehensive (loss) income			4,132
Ending balance	$ (32,884)		$ (32,884)

Accumulated Other Comprehensive (Loss) Income - Amounts Reclassified Out of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 1,027,544	$ 524,770	$ 2,309,840	$ 1,037,857
Research and development	420,901	302,238	847,681	590,388
Selling, marketing, general and administrative	305,308	206,612	602,673	391,887
Interest expense	49,548	43,066	101,512	85,545
Income before income taxes	(879,245)	(475,985)	(1,202,800)	(912,603)
Tax	95,972	53,080	139,450	101,179
Net income	(783,273)	(422,905)	(1,063,350)	(811,424)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	8,675	(1,303)	16,427	(4,242)
Reclassification out of Accumulated Other Comprehensive Income \| Unrealized holding (gains) losses on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	9,702	(2,296)	18,266	(6,101)
Tax	(1,485)	329	(2,786)	533
Net income	8,217	(1,967)	15,480	(5,568)
Reclassification out of Accumulated Other Comprehensive Income \| Pension plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	549	750	1,134	1,498
Tax	(91)	(86)	(187)	(172)
Net income	458	664	947	1,326
Reclassification out of Accumulated Other Comprehensive Income \| Currency forwards \| Unrealized holding (gains) losses on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	2,113	(1,363)	3,864	(3,350)
Research and development	1,373	(791)	2,583	(1,855)
Selling, marketing, general and administrative	2,485	(606)	4,357	(1,824)
Reclassification out of Accumulated Other Comprehensive Income \| Interest rate derivatives \| Unrealized holding (gains) losses on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 3,731	$ 464	$ 7,462	$ 928

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Earnings per share
Net Income	$ 783,273	$ 422,905	$ 1,063,350	$ 811,424
Basic shares:
Weighted-average shares outstanding (in shares)	522,370	368,823	523,831	369,013
Earnings per common share, basic (in dollars per share)	$ 1.50	$ 1.15	$ 2.03	$ 2.20
Diluted shares:
Weighted-average shares outstanding (in shares)	522,370	368,823	523,831	369,013
Assumed exercise of common stock equivalents (in shares)	3,894	3,595	4,372	3,749
Weighted-average common and common equivalent shares (in shares)	526,264	372,418	528,203	372,762
Earnings per common share, diluted (in dollars per share)	$ 1.49	$ 1.14	$ 2.01	$ 2.18
Anti-dilutive shares related to:
Outstanding share-based awards (in shares)	738	622	461	430

Special Charges, net - Balance Sheet Impact (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Jan. 29, 2022
Closure of Manufacturing Facilities
Restructuring Reserve [Roll Forward]
Accrued restructuring, beginning balance	$ 21,833	$ 25,774
Employee severance and benefit costs	0	75
Facility closure costs	4,287	6,513
Severance and benefit payments	(14,026)	(4,016)
Facility closure cost payments	(4,287)	(6,513)
Effect of foreign currency on accrual	0	0
Accrued restructuring, ending balance	7,807	21,833
Global Repositioning Actions
Restructuring Reserve [Roll Forward]
Accrued restructuring, beginning balance	39,646	21,065
Employee severance and benefit costs	39,610	44,411
Facility closure costs	0	0
Severance and benefit payments	(25,608)	(25,776)
Facility closure cost payments	0	0
Effect of foreign currency on accrual	(156)	(54)
Accrued restructuring, ending balance	$ 53,492	$ 39,646

Special Charges, net - Textual (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021	Oct. 30, 2021
Restructuring Cost and Reserve [Line Items]
Special charges, net	$ 46,674	$ 311	$ 106,402	$ 749
Singapore \| Testing Facility \| Discontinued Operations, Held-for-sale or Disposed of by Sale
Restructuring Cost and Reserve [Line Items]
Consideration from sale of facility					$ 35,700
Singapore \| Testing Facility \| Discontinued Operations, Disposed of by Sale
Restructuring Cost and Reserve [Line Items]
Gain on sale of property, plant and equipment					$ 13,600
Closure of Manufacturing Facilities \| Linear Technology Corporation
Restructuring Cost and Reserve [Line Items]
Special charges, cumulative	66,900		66,900
Global Repositioning Actions
Restructuring Cost and Reserve [Line Items]
Special charges, cumulative	$ 316,400		316,400
Special charges, net			95,500
Employee severance, benefit costs and employee equity acceleration charge			103,800
Gain on sale of business			$ 8,300

Property, Plant and Equipment - Reclassification (Details) $ in Thousands	Apr. 30, 2022 USD ($)
Long Lived Assets Held-for-sale [Line Items]
Less accumulated depreciation and amortization	$ (13,634)
Net property, plant and equipment reclassified to Prepaid expenses and other current assets	26,436
Land and buildings
Long Lived Assets Held-for-sale [Line Items]
Property, plant and equipment, gross	$ 40,070

Revenue - Revenue Trends by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 2,972,064	$ 1,661,407	$ 5,656,357	$ 3,219,865
Percent of Revenue (as percent)	100.00%	100.00%	100.00%	100.00%
Year over Year Change (as percent)	79.00%		76.00%
Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,501,111	$ 975,706	$ 2,847,838	$ 1,833,198
Percent of Revenue (as percent)	51.00%	59.00%	50.00%	57.00%
Year over Year Change (as percent)	54.00%		55.00%
Automotive
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 633,926	$ 258,943	$ 1,184,927	$ 505,748
Percent of Revenue (as percent)	21.00%	16.00%	21.00%	16.00%
Year over Year Change (as percent)	145.00%		134.00%
Communications
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 473,074	$ 278,650	$ 885,450	$ 560,904
Percent of Revenue (as percent)	16.00%	17.00%	16.00%	17.00%
Year over Year Change (as percent)	70.00%		58.00%
Consumer
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 363,953	$ 148,108	$ 738,142	$ 320,015
Percent of Revenue (as percent)	12.00%	9.00%	13.00%	10.00%
Year over Year Change (as percent)	146.00%		131.00%

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue - Revenue by Sales Channel (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 2,972,064	$ 1,661,407	$ 5,656,357	$ 3,219,865
Percent of Revenue (as percent)	100.00%	100.00%	100.00%	100.00%
Distributors
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,849,988	$ 1,092,928	$ 3,503,042	$ 2,039,314
Percent of Revenue (as percent)	62.00%	66.00%	62.00%	63.00%
Direct customers
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,091,710	$ 546,555	$ 2,094,891	$ 1,136,011
Percent of Revenue (as percent)	37.00%	33.00%	37.00%	35.00%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 30,366	$ 21,924	$ 58,424	$ 44,540
Percent of Revenue (as percent)	1.00%	1.00%	1.00%	1.00%

- Definition

+ References

+ Details

Fair Value - Textual (Details) - USD ($) $ in Millions	Apr. 30, 2022	Oct. 30, 2021
Fair Value Disclosures [Abstract]
Cash	$ 1,030.1	$ 1,315.0

Fair Value - Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Oct. 30, 2021
Liabilities
Amortized cost	$ 130,000
Recurring
Other assets:
Deferred compensation plan investments	66,390	$ 71,301
Total assets measured at fair value	774,014	734,298
Liabilities
Forward foreign currency exchange contracts	22,524	8,085
Total liabilities measured at fair value	22,524	8,085
Recurring \| Government and institutional money market funds
Available-for-sale:
Cash equivalents available for sale	577,683	662,997
Recurring \| Corporate obligations
Available-for-sale:
Cash equivalents available for sale	129,941
Recurring \| Level 1
Other assets:
Deferred compensation plan investments	66,390	71,301
Total assets measured at fair value	644,073	734,298
Liabilities
Forward foreign currency exchange contracts	0	0
Total liabilities measured at fair value	0	0
Recurring \| Level 1 \| Government and institutional money market funds
Available-for-sale:
Cash equivalents available for sale	577,683	662,997
Recurring \| Level 1 \| Corporate obligations
Available-for-sale:
Cash equivalents available for sale	0
Recurring \| Level 2
Other assets:
Deferred compensation plan investments	0	0
Total assets measured at fair value	129,941	0
Liabilities
Forward foreign currency exchange contracts	22,524	8,085
Total liabilities measured at fair value	22,524	8,085
Recurring \| Level 2 \| Government and institutional money market funds
Available-for-sale:
Cash equivalents available for sale	0	$ 0
Recurring \| Level 2 \| Corporate obligations
Available-for-sale:
Cash equivalents available for sale	$ 129,941

Fair Value - Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Oct. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	$ 6,276,865	$ 6,776,865
Fair Value	5,658,252,000	7,147,607
Maxim 2023 Notes, due March 2023 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	0	500,000
Fair Value	0	520,236
2024 Notes, due October 2024 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	500,000	500,000
Fair Value	496,904,000	500,482
2025 Notes, due April 2025 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	400,000	400,000
Fair Value	394,337,000	423,265
2026 Notes, due December 2026 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	900,000	900,000
Fair Value	895,250,000	986,243
Maxim 2027 Notes, due June 2027 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	500,000	500,000
Fair Value	484,078,000	542,942
2028 Notes, due October 2028 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	750,000	750,000
Fair Value	655,130,000	743,109
2031 Notes, due October 2031 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	1,000,000	1,000,000
Fair Value	854,753,000	996,702
2036 Notes, due December 2036 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	144,278	144,278
Fair Value	143,752,000	176,960
2041 Notes, due October 2041 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	750,000	750,000
Fair Value	595,806,000	758,246
2045 Notes, due December 2045 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	332,587	332,587
Fair Value	365,491,000	469,592
2051 Notes, due October 2051 \| Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal Amount Outstanding	1,000,000	1,000,000
Fair Value	$ 772,751,000	$ 1,029,830

Derivatives - Textual (Details) - USD ($) $ in Millions	6 Months Ended
Derivatives - Textual (Details) - USD ($) $ in Millions	Apr. 30, 2022	Oct. 30, 2021
Derivative [Line Items]
Contracts period	1 year
Forward Contracts
Derivative [Line Items]
Notional amount of cash flow hedges	$ 289.3	$ 343.6
Notional amount of derivative	249.4	$ 120.0
Cash flow hedge gain (loss) to be reclassified within twelve months	$ 14.0

Derivatives - Forward Foreign Currency (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Oct. 30, 2021
Forward foreign currency exchange contracts \| Accrued liabilities
Derivatives, Fair Value [Line Items]
Foreign currency contracts, liability	$ 19,214	$ 7,113

Derivative - Net Amounts (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Oct. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross amounts of recognized liabilities	$ (24,924)	$ (8,404)
Gross amount of recognized assets	2,400	319
Net liabilities offset and presented in the Condensed Consolidated Balance Sheets	$ (22,524)	$ (8,085)

Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Oct. 30, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 85,122	$ 71,639
Work in process	756,449	858,627
Finished goods	233,726	270,344
Total inventories	$ 1,075,297	$ 1,200,610

Debt (Details) - Senior notes - Maxim 2023 Notes, due March 2023 - USD ($)	Nov. 04, 2021	Aug. 26, 2021
Debt Instrument [Line Items]
Redemption price percentage	103.823%
Maxim
Debt Instrument [Line Items]
Principal		$ 500,000,000
Interest rate		3.375%

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022	May 01, 2021	Jan. 29, 2022
Income Tax Contingency [Line Items]
Federal statutory rate (as percent)	21.00%	21.00%	21.00%	21.00%
Maxim
Income Tax Contingency [Line Items]
Unrecognized tax benefits, income tax penalties accrued and tax	$ 15.6		$ 15.6
Unrecognized tax benefits, tax			12.3
Unrecognized tax benefits, accured interest	$ 3.3		$ 3.3
Maxim \| Settlement with Taxing Authority
Income Tax Contingency [Line Items]
Decrease in unrecognized tax benefits is reasonably possible					$ 146.0

Acquisitions (Details) - Maxim - USD ($) $ in Millions		6 Months Ended
Acquisitions (Details) - Maxim - USD ($) $ in Millions	Aug. 26, 2021	Apr. 30, 2022
Business Acquisition [Line Items]
Consideration transferred	$ 28,000.0
Goodwill adjustment		$ 15.3
Adjustment, income taxes payable		19.0
Adjustment, accrued liabilities		1.6
Adjustment, deferred income taxes		3.5
Adjustment, other non-current liabilities		$ 1.8

Acquisitions - Pro Forma Financial Information (Details) - Maxim - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	May 01, 2021	May 01, 2021
Business Acquisition [Line Items]
Revenue	$ 2,320,711	$ 4,498,698
Net income	$ 352,949	$ 625,506
Basic net income per common share (USD per share)	$ 660	$ 1,160
Diluted net income per common share (USD per share)	$ 650	$ 1,150

Subsequent Events (Details) - Common Stock - Subsequent event $ / shares in Units, $ in Millions	May 17, 2022 USD ($) $ / shares
Subsequent Event [Line Items]
Common stock cash dividends per share, declared (in dollars per share) \| $ / shares	$ 0.76
Dividends \| $	$ 395.1