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Net Income Per Share
 12 Months Ended
Nov. 03, 2019
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
 
 
Fiscal Year
 
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(In millions, except per share data)
Numerator:
 
 
 
 
 
 
Income from continuing operations
 
$
2,736

 
$
12,629

 
$
1,790

Less: Dividends on preferred stock
 
29

 
—

 
—

Income from continuing operations attributable to noncontrolling interest
 
—

 
352

 
92

Income from continuing operations attributable to common stock
 
2,707

 
12,277

 
1,698

 
 
 
 
 
 
 
Loss from discontinued operations, net of income taxes
 
(12
)
 
(19
)
 
(6
)
Less: Loss from discontinued operations, net of income taxes, attributable to noncontrolling interest
 
—

 
(1
)
 
—

Loss from discontinued operations, net of income taxes, attributable to common stock
 
(12
)
 
(18
)
 
(6
)
 
 
 
 
 
 
 
Net income attributable to common stock
 
$
2,695

 
$
12,259

 
$
1,692

Denominator:
 
 
 
 
 
 
Weighted-average shares outstanding - basic
 
398

 
418

 
405

Dilutive effect of equity awards
 
21

 
13

 
16

Weighted-average shares outstanding - diluted
 
419

 
431

 
421

 
 
 
 
 
 
 
Basic income per share attributable to common stock:
 
 
 
 
 
 
Income per share from continuing operations
 
$
6.80

 
$
29.37

 
$
4.19

Loss per share from discontinued operations
 
(0.03
)
 
(0.04
)
 
(0.01
)
Net income per share
 
$
6.77

 
$
29.33

 
$
4.18

 
 
 
 
 
 
 
Diluted income per share attributable to common stock:
 
 
 
 
 
 
Income per share from continuing operations
 
$
6.46

 
$
28.48

 
$
4.03

Loss per share from discontinued operations
 
(0.03
)
 
(0.04
)
 
(0.01
)
Net income per share
 
$
6.43

 
$
28.44

 
$
4.02

 
 
 
 
 
 
 
Potentially dilutive shares excluded from the calculation of diluted income per share because their effect would have been antidilutive:
 
 
 
 
 
 
Preferred Stock (a)
 
1

 
—

 
—

LP Units (b)
 
—

 
9

 
22


________________________________
(a) Represents common stock shares issuable upon the conversion of Mandatory Convertible Preferred Stock, as defined in Note 10. “Stockholders’ Equity.”
(b) Represents common stock shares issuable upon the exchange of LP Units prior to the effective time of the Mandatory Exchange (refer to Note 10. “Stockholders’ Equity” for additional information).