Condensed Consolidating Financial Information (Tables)

12 Months Ended

Nov. 03, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Balance Sheets

	Condensed Consolidating Balance Sheets
	November 3, 2019
	Parent Guarantor				Subsidiary Issuers				Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In millions)
ASSETS
Current assets:
Cash and cash equivalents	$	374			$	613			$	4,068	$	—		$	5,055
Trade accounts receivable, net	—				—				3,259		—			3,259
Inventory	—				—				874		—			874
Intercompany receivable	59				439				35		(533		)	—
Intercompany loan receivable	—				10,576				9,188		(19,764		)	—
Other current assets	58				37				634		—			729
Total current assets	491				11,665				18,058		(20,297		)	9,917
Long-term assets:
Property, plant and equipment, net	—				759				1,806		—			2,565
Goodwill	—				1,360				35,354		—			36,714
Intangible assets, net	—				76				17,478		—			17,554
Investment in subsidiaries	51,558				45,981				—		(97,539		)	—
Intercompany loan receivable, long-term	—				—				932		(932		)	—
Other long-term assets	25				95				623		—			743
Total assets	$	52,074			$	59,936			$	74,251	$	(118,768	)	$	67,493
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	24			$	38			$	793	$	—		$	855
Employee compensation and benefits	—				179				462		—			641
Current portion of long-term debt	—				2,750				37		—			2,787
Intercompany payable	32				4				497		(533		)	—
Intercompany loan payable	13,709				4,935				1,120		(19,764		)	—
Other current liabilities	25				186				2,405		—			2,616
Total current liabilities	13,790				8,092				5,314		(20,297		)	6,899
Long-term liabilities:
Long-term debt	13,440				14,731				1,840		—			30,011
Deferred tax liabilities	(126		)	(a)	(295		)	(a)	1,952		—			1,531
Intercompany loan payable, long-term	—				932				—		(932		)	—
Unrecognized tax benefits	—				2,422				847		—			3,269
Other long-term liabilities	—				107				706		—			813
Total liabilities	27,104				25,989				10,659		(21,229		)	42,523
Preferred stock dividend obligation	29				—				—		—			29
Total stockholders’ equity	24,941				33,947				63,592		(97,539		)	24,941
Total liabilities and equity	$	52,074			$	59,936			$	74,251	$	(118,768	)	$	67,493

________________________________

(a) Amount represents net deferred tax assets that are offset by net deferred tax liabilities on a consolidated basis.

	Condensed Consolidating Balance Sheets
	November 4, 2018
	Parent Guarantor		Subsidiary Issuers				Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	2,461			$	1,831	$	—		$	4,292
Trade accounts receivable, net	—		—				3,325		—			3,325
Inventory	—		—				1,124		—			1,124
Intercompany receivable	56		182				67		(305		)	—
Intercompany loan receivable	—		9,780				4,713		(14,493		)	—
Other current assets	52		37				277		—			366
Total current assets	108		12,460				11,337		(14,798		)	9,107
Long-term assets:
Property, plant and equipment, net	—		772				1,863		—			2,635
Goodwill	—		1,360				25,553		—			26,913
Intangible assets, net	—		84				10,678		—			10,762
Investment in subsidiaries	35,268		46,742				—		(82,010		)	—
Intercompany loan receivable, long-term	—		—				991		(991		)	—
Other long-term assets	—		250				457		—			707
Total assets	$	35,376	$	61,668			$	50,879	$	(97,799	)	$	50,124
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	19	$	44			$	748	$	—		$	811
Employee compensation and benefits	—		272				443		—			715
Intercompany payable	9		58				238		(305		)	—
Intercompany loan payable	8,691		4,713				1,089		(14,493		)	—
Other current liabilities	—		219				593		—			812
Total current liabilities	8,719		5,306				3,111		(14,798		)	2,338
Long-term liabilities:
Long-term debt	—		17,456				37		—			17,493
Deferred tax liabilities	—		(47		)	(a)	216		—			169
Intercompany loan payable, long-term	—		991				—		(991		)	—
Unrecognized tax benefits	—		2,563				525		—			3,088
Other long-term liabilities	—		131				248		—			379
Total liabilities	8,719		26,400				4,137		(15,789		)	23,467
Total stockholders’ equity	26,657		35,268				46,742		(82,010		)	26,657
Total liabilities and equity	$	35,376	$	61,668			$	50,879	$	(97,799	)	$	50,124

Condensed Consolidating Statements of Operations

	Condensed Consolidating Statements of Operations and Comprehensive Income
	Fiscal Year Ended
	November 3, 2019
	Parent Guarantor			Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Net revenue:
Products	$	—		$	—		$	18,117		$	—		$	18,117
Subscriptions and services	—			—			4,480			—			4,480
Intercompany revenue	—			1,573			—			(1,573		)	—
Total net revenue	—			1,573			22,597			(1,573		)	22,597
Cost of revenue:
Cost of products sold	—			138			6,070			—			6,208
Cost of subscriptions and services	—			15			500			—			515
Intercompany cost of products sold	—			—			122			(122		)	—
Amortization of acquisition-related intangible assets	—			—			3,314			—			3,314
Restructuring charges	—			(7		)	84			—			77
Total cost of revenue	—			146			10,090			(122		)	10,114
Gross margin	—			1,427			12,507			(1,451		)	12,483
Research and development	—			1,885			2,811			—			4,696
Intercompany operating expense	—			—			1,451			(1,451		)	—
Selling, general and administrative	129			324			1,256			—			1,709
Amortization of acquisition-related intangible assets	—			—			1,898			—			1,898
Restructuring, impairment and disposal charges	—			17			719			—			736
Total operating expenses	129			2,226			8,135			(1,451		)	9,039
Operating income (loss)	(129		)	(799		)	4,372			—			3,444
Interest expense	(753		)	(591		)	(100		)	—			(1,444		)
Intercompany interest expense	(369		)	(162		)	(35		)	566			—
Other income, net	3			25			198			—			226
Intercompany interest income	—			308			258			(566		)	—
Intercompany other income (expense), net	893			—			(893		)	—			—
Income (loss) from continuing operations before income taxes and earnings in subsidiaries	(355		)	(1,219		)	3,800			—			2,226
Provision for (benefit from) income taxes	(277		)	136			(369		)	—			(510		)
Income (loss) from continuing operations before earnings in subsidiaries	(78		)	(1,355		)	4,169			—			2,736
Earnings in subsidiaries	2,802			5,299			—			(8,101		)	—
Income from continuing operations and earnings in subsidiaries	2,724			3,944			4,169			(8,101		)	2,736
Loss from discontinued operations, net of income taxes	—			—			(12		)	—			(12		)
Net income	$	2,724		$	3,944		$	4,157		$	(8,101	)	$	2,724
Net income	$	2,724		$	3,944		$	4,157		$	(8,101	)	$	2,724
Other comprehensive loss, net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans	—			—			(24		)	—			(24		)
Other comprehensive loss	—			—			(24		)	—			(24		)
Comprehensive income	$	2,724		$	3,944		$	4,133		$	(8,101	)	$	2,700

	Condensed Consolidating Statements of Operations and Comprehensive Income
	Fiscal Year Ended
	November 4, 2018
	Parent Guarantor			Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Net revenue:
Products	$	—		$	—		$	19,754		$	—		$	19,754
Subscriptions and services	—			—			1,094			—			1,094
Intercompany revenue	—			1,924			—			(1,924		)	—
Total net revenue	—			1,924			20,848			(1,924		)	20,848
Cost of revenue:
Cost of products sold	—			120			6,804			—			6,924
Cost of subscriptions and services	—			12			85			—			97
Intercompany cost of products sold	—			—			126			(126		)	—
Purchase accounting effect on inventory	—			—			70			—			70
Amortization of acquisition-related intangible assets	—			—			3,004			—			3,004
Restructuring charges	—			1			19			—			20
Total cost of revenue	—			133			10,108			(126		)	10,115
Gross margin	—			1,791			10,740			(1,798		)	10,733
Research and development	—			1,651			2,117			—			3,768
Intercompany operating expense	—			—			1,798			(1,798		)	—
Selling, general and administrative	31			297			728			—			1,056
Amortization of acquisition-related intangible assets	—			—			541			—			541
Restructuring, impairment and disposal charges	—			53			166			—			219
Litigation settlements	—			14			—			—			14
Total operating expenses	31			2,015			5,350			(1,798		)	5,598
Operating income (loss)	(31		)	(224		)	5,390			—			5,135
Interest expense	—			(626		)	(2		)	—			(628		)
Intercompany interest expense	(67		)	(199		)	(1,449		)	1,715			—
Impairment on investment	—			—			(106		)	—			(106		)
Other income, net	—			88			56			—			144
Intercompany interest income	—			1,516			199			(1,715		)	—
Intercompany other income (expense), net	111			(56		)	(55		)	—			—
Income from continuing operations before income taxes and earnings in subsidiaries	13			499			4,033			—			4,545
Provision for (benefit from) income taxes	44			(7,878		)	(250		)	—			(8,084		)
Income (loss) from continuing operations before earnings in subsidiaries	(31		)	8,377			4,283			—			12,629
Earnings in subsidiaries	12,290			4,266			—			(16,556		)	—
Income from continuing operations and earnings in subsidiaries	12,259			12,643			4,283			(16,556		)	12,629
Loss from discontinued operations, net of income taxes	—			(2		)	(17		)	—			(19		)
Net income	12,259			12,641			4,266			(16,556		)	12,610
Net income attributable to noncontrolling interest	—			351			—			—			351
Net income attributable to common stock	$	12,259		$	12,290		$	4,266		$	(16,556	)	$	12,259
Net income	$	12,259		$	12,641		$	4,266		$	(16,556	)	$	12,610
Other comprehensive loss, net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans	—			—			(8		)	—			(8		)
Other comprehensive loss	—			—			(8		)	—			(8		)
Comprehensive income	12,259			12,641			4,258			(16,556		)	12,602
Comprehensive income attributable to noncontrolling interest	—			351			—			—			351
Comprehensive income attributable to Broadcom Inc. stockholders	$	12,259		$	12,290		$	4,258		$	(16,556	)	$	12,251

	Condensed Consolidating Statements of Operations and Comprehensive Income
	Fiscal Year Ended
	October 29, 2017
	Parent Guarantor		Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Net revenue:
Products	$	—	$	71		$	16,962		$	—		$	17,033
Subscriptions and services	—		2			601			—			603
Intercompany revenue	—		2,046			8			(2,054		)	—
Total net revenue	—		2,119			17,571			(2,054		)	17,636
Cost of revenue:
Cost of products sold	—		142			6,407			—			6,549
Cost of subscriptions and services	—		12			32			—			44
Intercompany cost of products sold	—		(12		)	174			(162		)	—
Purchase accounting effect on inventory	—		—			4			—			4
Amortization of acquisition-related intangible assets	—		7			2,504			—			2,511
Restructuring charges	—		5			14			—			19
Total cost of revenue	—		154			9,135			(162		)	9,127
Gross margin	—		1,965			8,436			(1,892		)	8,509
Research and development	—		1,490			1,812			—			3,302
Intercompany operating expense	—		(66		)	1,958			(1,892		)	—
Selling, general and administrative	—		339			450			—			789
Amortization of acquisition-related intangible assets	—		7			1,757			—			1,764
Restructuring, impairment and disposal charges	—		54			107			—			161
Litigation settlements	—		—			122			—			122
Total operating expenses	—		1,824			6,206			(1,892		)	6,138
Operating income	—		141			2,230			—			2,371
Interest expense	—		(411		)	(43		)	—			(454		)
Intercompany interest expense	—		(274		)	(1,425		)	1,699			—
Loss on extinguishment of debt	—		(59		)	(107		)	—			(166		)
Other income, net	—		30			44			—			74
Intercompany interest income	—		1,425			274			(1,699		)	—
Intercompany other income (expense), net	—		(589		)	589			—			—
Income from continuing operations before income taxes and earnings in subsidiaries	—		263			1,562			—			1,825
Provision for (benefit from) income taxes	—		67			(32		)	—			35
Income from continuing operations before earnings in subsidiaries	—		196			1,594			—			1,790
Earnings in subsidiaries	1,692		1,601			—			(3,293		)	—
Income from continuing operations and earnings in subsidiaries	1,692		1,797			1,594			(3,293		)	1,790
Income (loss) from discontinued operations, net of income taxes	—		(13		)	7			—			(6		)
Net income	1,692		1,784			1,601			(3,293		)	1,784
Net income attributable to noncontrolling interest	—		92			—			—			92
Net income attributable to common stock	$	1,692	$	1,692		$	1,601		$	(3,293	)	$	1,692
Net income	$	1,692	$	1,784		$	1,601		$	(3,293	)	$	1,784
Other comprehensive income, net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans	—		—			43			—			43
Other comprehensive income	—		—			43			—			43
Comprehensive income	1,692		1,784			1,644			(3,293		)	1,827
Comprehensive income attributable to noncontrolling interest	—		92			—			—			92
Comprehensive income attributable to Broadcom Inc. stockholders	$	1,692	$	1,692		$	1,644		$	(3,293	)	$	1,735

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Condensed Consolidating Statements of Operations and Comprehensive Income
	Fiscal Year Ended
	November 3, 2019
	Parent Guarantor			Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Net revenue:
Products	$	—		$	—		$	18,117		$	—		$	18,117
Subscriptions and services	—			—			4,480			—			4,480
Intercompany revenue	—			1,573			—			(1,573		)	—
Total net revenue	—			1,573			22,597			(1,573		)	22,597
Cost of revenue:
Cost of products sold	—			138			6,070			—			6,208
Cost of subscriptions and services	—			15			500			—			515
Intercompany cost of products sold	—			—			122			(122		)	—
Amortization of acquisition-related intangible assets	—			—			3,314			—			3,314
Restructuring charges	—			(7		)	84			—			77
Total cost of revenue	—			146			10,090			(122		)	10,114
Gross margin	—			1,427			12,507			(1,451		)	12,483
Research and development	—			1,885			2,811			—			4,696
Intercompany operating expense	—			—			1,451			(1,451		)	—
Selling, general and administrative	129			324			1,256			—			1,709
Amortization of acquisition-related intangible assets	—			—			1,898			—			1,898
Restructuring, impairment and disposal charges	—			17			719			—			736
Total operating expenses	129			2,226			8,135			(1,451		)	9,039
Operating income (loss)	(129		)	(799		)	4,372			—			3,444
Interest expense	(753		)	(591		)	(100		)	—			(1,444		)
Intercompany interest expense	(369		)	(162		)	(35		)	566			—
Other income, net	3			25			198			—			226
Intercompany interest income	—			308			258			(566		)	—
Intercompany other income (expense), net	893			—			(893		)	—			—
Income (loss) from continuing operations before income taxes and earnings in subsidiaries	(355		)	(1,219		)	3,800			—			2,226
Provision for (benefit from) income taxes	(277		)	136			(369		)	—			(510		)
Income (loss) from continuing operations before earnings in subsidiaries	(78		)	(1,355		)	4,169			—			2,736
Earnings in subsidiaries	2,802			5,299			—			(8,101		)	—
Income from continuing operations and earnings in subsidiaries	2,724			3,944			4,169			(8,101		)	2,736
Loss from discontinued operations, net of income taxes	—			—			(12		)	—			(12		)
Net income	$	2,724		$	3,944		$	4,157		$	(8,101	)	$	2,724
Net income	$	2,724		$	3,944		$	4,157		$	(8,101	)	$	2,724
Other comprehensive loss, net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans	—			—			(24		)	—			(24		)
Other comprehensive loss	—			—			(24		)	—			(24		)
Comprehensive income	$	2,724		$	3,944		$	4,133		$	(8,101	)	$	2,700

	Condensed Consolidating Statements of Operations and Comprehensive Income
	Fiscal Year Ended
	November 4, 2018
	Parent Guarantor			Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Net revenue:
Products	$	—		$	—		$	19,754		$	—		$	19,754
Subscriptions and services	—			—			1,094			—			1,094
Intercompany revenue	—			1,924			—			(1,924		)	—
Total net revenue	—			1,924			20,848			(1,924		)	20,848
Cost of revenue:
Cost of products sold	—			120			6,804			—			6,924
Cost of subscriptions and services	—			12			85			—			97
Intercompany cost of products sold	—			—			126			(126		)	—
Purchase accounting effect on inventory	—			—			70			—			70
Amortization of acquisition-related intangible assets	—			—			3,004			—			3,004
Restructuring charges	—			1			19			—			20
Total cost of revenue	—			133			10,108			(126		)	10,115
Gross margin	—			1,791			10,740			(1,798		)	10,733
Research and development	—			1,651			2,117			—			3,768
Intercompany operating expense	—			—			1,798			(1,798		)	—
Selling, general and administrative	31			297			728			—			1,056
Amortization of acquisition-related intangible assets	—			—			541			—			541
Restructuring, impairment and disposal charges	—			53			166			—			219
Litigation settlements	—			14			—			—			14
Total operating expenses	31			2,015			5,350			(1,798		)	5,598
Operating income (loss)	(31		)	(224		)	5,390			—			5,135
Interest expense	—			(626		)	(2		)	—			(628		)
Intercompany interest expense	(67		)	(199		)	(1,449		)	1,715			—
Impairment on investment	—			—			(106		)	—			(106		)
Other income, net	—			88			56			—			144
Intercompany interest income	—			1,516			199			(1,715		)	—
Intercompany other income (expense), net	111			(56		)	(55		)	—			—
Income from continuing operations before income taxes and earnings in subsidiaries	13			499			4,033			—			4,545
Provision for (benefit from) income taxes	44			(7,878		)	(250		)	—			(8,084		)
Income (loss) from continuing operations before earnings in subsidiaries	(31		)	8,377			4,283			—			12,629
Earnings in subsidiaries	12,290			4,266			—			(16,556		)	—
Income from continuing operations and earnings in subsidiaries	12,259			12,643			4,283			(16,556		)	12,629
Loss from discontinued operations, net of income taxes	—			(2		)	(17		)	—			(19		)
Net income	12,259			12,641			4,266			(16,556		)	12,610
Net income attributable to noncontrolling interest	—			351			—			—			351
Net income attributable to common stock	$	12,259		$	12,290		$	4,266		$	(16,556	)	$	12,259
Net income	$	12,259		$	12,641		$	4,266		$	(16,556	)	$	12,610
Other comprehensive loss, net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans	—			—			(8		)	—			(8		)
Other comprehensive loss	—			—			(8		)	—			(8		)
Comprehensive income	12,259			12,641			4,258			(16,556		)	12,602
Comprehensive income attributable to noncontrolling interest	—			351			—			—			351
Comprehensive income attributable to Broadcom Inc. stockholders	$	12,259		$	12,290		$	4,258		$	(16,556	)	$	12,251

	Condensed Consolidating Statements of Operations and Comprehensive Income
	Fiscal Year Ended
	October 29, 2017
	Parent Guarantor		Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Net revenue:
Products	$	—	$	71		$	16,962		$	—		$	17,033
Subscriptions and services	—		2			601			—			603
Intercompany revenue	—		2,046			8			(2,054		)	—
Total net revenue	—		2,119			17,571			(2,054		)	17,636
Cost of revenue:
Cost of products sold	—		142			6,407			—			6,549
Cost of subscriptions and services	—		12			32			—			44
Intercompany cost of products sold	—		(12		)	174			(162		)	—
Purchase accounting effect on inventory	—		—			4			—			4
Amortization of acquisition-related intangible assets	—		7			2,504			—			2,511
Restructuring charges	—		5			14			—			19
Total cost of revenue	—		154			9,135			(162		)	9,127
Gross margin	—		1,965			8,436			(1,892		)	8,509
Research and development	—		1,490			1,812			—			3,302
Intercompany operating expense	—		(66		)	1,958			(1,892		)	—
Selling, general and administrative	—		339			450			—			789
Amortization of acquisition-related intangible assets	—		7			1,757			—			1,764
Restructuring, impairment and disposal charges	—		54			107			—			161
Litigation settlements	—		—			122			—			122
Total operating expenses	—		1,824			6,206			(1,892		)	6,138
Operating income	—		141			2,230			—			2,371
Interest expense	—		(411		)	(43		)	—			(454		)
Intercompany interest expense	—		(274		)	(1,425		)	1,699			—
Loss on extinguishment of debt	—		(59		)	(107		)	—			(166		)
Other income, net	—		30			44			—			74
Intercompany interest income	—		1,425			274			(1,699		)	—
Intercompany other income (expense), net	—		(589		)	589			—			—
Income from continuing operations before income taxes and earnings in subsidiaries	—		263			1,562			—			1,825
Provision for (benefit from) income taxes	—		67			(32		)	—			35
Income from continuing operations before earnings in subsidiaries	—		196			1,594			—			1,790
Earnings in subsidiaries	1,692		1,601			—			(3,293		)	—
Income from continuing operations and earnings in subsidiaries	1,692		1,797			1,594			(3,293		)	1,790
Income (loss) from discontinued operations, net of income taxes	—		(13		)	7			—			(6		)
Net income	1,692		1,784			1,601			(3,293		)	1,784
Net income attributable to noncontrolling interest	—		92			—			—			92
Net income attributable to common stock	$	1,692	$	1,692		$	1,601		$	(3,293	)	$	1,692
Net income	$	1,692	$	1,784		$	1,601		$	(3,293	)	$	1,784
Other comprehensive income, net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans	—		—			43			—			43
Other comprehensive income	—		—			43			—			43
Comprehensive income	1,692		1,784			1,644			(3,293		)	1,827
Comprehensive income attributable to noncontrolling interest	—		92			—			—			92
Comprehensive income attributable to Broadcom Inc. stockholders	$	1,692	$	1,692		$	1,644		$	(3,293	)	$	1,735

Condensed Consolidating Statements of Cash Flows

	Condensed Consolidating Statements of Cash Flows
	Fiscal Year Ended
	November 3, 2019
	Parent Guarantor			Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Cash flows from operating activities:
Net income	$	2,724		$	3,944		$	4,157		$	(8,101	)	$	2,724
Adjustments to reconcile net income to net cash provided by (used in) operating activities	(3,264		)	(4,571		)	6,707			8,101			6,973
Net cash provided by (used in) operating activities	(540		)	(627		)	10,864			—			9,697
Cash flows from investing activities:
Net change in intercompany loans	1,375			(796		)	(9,210		)	8,631			—
Acquisitions of businesses, net of cash acquired	(17,865		)	—			1,832			—			(16,033		)
Proceeds from sales of businesses	—			—			957			—			957
Purchases of property, plant and equipment	—			(165		)	(297		)	30			(432		)
Proceeds from disposals of property, plant and equipment	—			30			88			(30		)	88
Purchases of investments	(5		)	—			—			—			(5		)
Proceeds from sales of investments	—			—			5			—			5
Other	—			—			(2		)	—			(2		)
Net cash used in investing activities	(16,495		)	(931		)	(6,627		)	8,631			(15,422		)
Cash flows from financing activities:
Net intercompany borrowings	9,818			156			(1,343		)	(8,631		)	—
Proceeds from long-term borrowings	28,793			—			—			—			28,793
Repayment of debt	(16,400		)	—			(400		)	—			(16,800		)
Other borrowings	986			—			255			—			1,241
Dividend and distribution payments on common stock and exchangeable limited partnership units	(4,235		)	—			—			—			(4,235		)
Repurchases of common stock - repurchase program	(5,435		)	—			—			—			(5,435		)
Shares repurchased for tax withholdings on vesting of equity awards	—			(446		)	(526		)	—			(972		)
Issuance of preferred stock, net	3,679			—			—			—			3,679
Issuance of common stock	253			—			—			—			253
Other	(50		)	—			14			—			(36		)
Net cash provided by (used in) financing activities	17,409			(290		)	(2,000		)	(8,631		)	6,488
Net change in cash and cash equivalents	374			(1,848		)	2,237			—			763
Cash and cash equivalents at beginning of period	—			2,461			1,831			—			4,292
Cash and cash equivalents at end of period	$	374		$	613		$	4,068		$	—		$	5,055

	Condensed Consolidating Statements of Cash Flows
	Fiscal Year Ended
	November 4, 2018
	Parent Guarantor			Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In millions)
Cash flows from operating activities:
Net income	$	12,259		$	12,641		$	4,266		$	(16,556	)	$	12,610
Adjustments to reconcile net income to net cash provided by (used in) operating activities	(12,323		)	(12,893		)	4,701			16,785			(3,730		)
Net cash provided by (used in) operating activities	(64		)	(252		)	8,967			229			8,880
Cash flows from investing activities:
Intercompany contributions paid	—			(9,099		)	(3,002		)	12,101			—
Distributions received from subsidiaries	—			—			1,521			(1,521		)	—
Net change in intercompany loans	—			2,637			(261		)	(2,376		)	—
Acquisitions of businesses, net of cash acquired	—			—			(4,800		)	—			(4,800		)
Proceeds from sales of businesses	—			—			773			—			773
Purchases of property, plant and equipment	—			(196		)	(497		)	58			(635		)
Proceeds from disposals of property, plant and equipment	—			55			242			(58		)	239
Purchases of investments	—			(50		)	(199		)	—			(249		)
Proceeds from sales of investments	—			54			—			—			54
Other	—			(50		)	(6		)	—			(56		)
Net cash used in investing activities	—			(6,649		)	(6,229		)	8,204			(4,674		)
Cash flows from financing activities:
Intercompany contributions received	—			3,231			9,099			(12,330		)	—
Net intercompany borrowings	8,690			261			(11,327		)	2,376			—
Repayment of debt	—			(117		)	(856		)	—			(973		)
Dividend and distribution payments on common stock and exchangeable limited partnership units	(1,477		)	(1,521		)	(1,521		)	1,521			(2,998		)
Repurchases of common stock - repurchase program	(7,258		)	—			—			—			(7,258		)
Shares repurchased for tax withholdings on vesting of equity awards	—			(20		)	(36		)	—			(56		)
Issuance of common stock	109			—			103			—			212
Other	—			(27		)	(18		)	—			(45		)
Net cash provided by (used in) financing activities	64			1,807			(4,556		)	(8,433		)	(11,118		)
Net change in cash and cash equivalents	—			(5,094		)	(1,818		)	—			(6,912		)
Cash and cash equivalents at the beginning of period	—			7,555			3,649			—			11,204
Cash and cash equivalents at end of period	$	—		$	2,461		$	1,831		$	—		$	4,292

	Condensed Consolidating Statements of Cash Flows
	Fiscal Year Ended
	October 29, 2017
	Parent Guarantor			Subsidiary Issuers			Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(in millions)
Cash flows from operating activities:
Net income	$	1,692		$	1,784		$	1,601		$	(3,293	)	$	1,784
Adjustments to reconcile net income to net cash provided by operating activities	(1,692		)	924			2,077			3,458			4,767
Net cash provided by operating activities	—			2,708			3,678			165			6,551
Cash flows from investing activities:
Intercompany contributions paid	—			—			(40		)	40			—
Distributions received from subsidiaries	—			—			1,834			(1,834		)	—
Net change in intercompany loans	—			(286		)	5,835			(5,549		)	—
Acquisitions of businesses, net of cash acquired	—			—			(40		)	—			(40		)
Proceeds from sales of businesses	—			—			10			—			10
Purchases of property, plant and equipment	—			(254		)	(841		)	26			(1,069		)
Proceeds from disposals of property, plant and equipment	—			25			442			(26		)	441
Purchases of investments	—			(200		)	(7		)	—			(207		)
Proceeds from maturities of investments	—			200			—			—			200
Other	—			—			(9		)	—			(9		)
Net cash provided by (used in) investing activities	—			(515		)	7,184			(7,343		)	(674		)
Cash flows from financing activities:
Intercompany contributions received	—			205			—			(205		)	—
Net intercompany borrowings	—			(5,797		)	248			5,549			—
Proceeds from long-term borrowings	—			17,426			—			—			17,426
Repayment of debt	—			(5,704		)	(7,964		)	—			(13,668		)
Dividend and distribution payments on common stock and exchangeable limited partnership units	—			(1,834		)	(1,745		)	1,834			(1,745		)
Issuance of common stock	—			—			257			—			257
Other	—			(26		)	(14		)	—			(40		)
Net cash provided by (used in) financing activities	—			4,270			(9,218		)	7,178			2,230
Net change in cash and cash equivalents	—			6,463			1,644			—			8,107
Cash and cash equivalents at beginning of period	—			1,092			2,005			—			3,097
Cash and cash equivalents at end of period	$	—		$	7,555		$	3,649		$	—		$	11,204