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Stockholders' Equity (Tables)

12 Months Ended

Nov. 01, 2020


	Fiscal Year
	2020		2019		2018

	(In millions, except per share/unit data)
Dividends per share to common stockholders	$	13.00	$	10.60	$	7.00
Dividends to common stockholders	$	5,235	$	4,235	$	2,921
Dividends per share to preferred stockholders	$	80.00	$	—	$	—
Dividends to preferred stockholders	$	299	$	—	$	—
Distributions per unit to limited partners	$	—	$	—	$	3.50
Distributions to limited partners	$	—	$	—	$	77

Summary of Stock-Based Compensation Expense


	Fiscal Year
	2020		2019		2018

	(In millions)
Cost of products sold	$	109	$	120	$	77
Cost of subscriptions and services	50		43		9
Research and development	1,419		1,532		855
Selling, general and administrative	398		490		286
Total stock-based compensation expense (a)	$	1,976	$	2,185	$	1,227

Estimated income tax benefits for stock-based compensation	$	345	$	400	$	195
Income tax benefits for stock-based awards exercised or released	$	147	$	232	$	181

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(a)Fiscal year 2019 stock-based compensation expense does not include $75 million restructuring charges for accelerated vesting of assumed equity awards held by employees terminated in connection with the CA Merger.

Summary of Market-Based Awards Weighted-Average Assumptions

The following table summarizes the weighted-average assumptions utilized to calculate the fair value of market-based awards granted in the periods presented:


	Market-Based Awards
	Fiscal Year
	2020		2019		2018
Risk-free interest rate	1.2	%	2.7	%	2.4	%
Dividend yield	4.7	%	4.4	%	2.6	%
Volatility	31.2	%	33.0	%	32.5	%
Expected term (in years)	4.0		4.0		4.0

Summary of Restricted Stock Unit Awards

A summary of time- and market-based RSU activity is as follows:


	Number of RSUs Outstanding	Weighted-Average Grant Date Fair Value Per Share

	(In millions, except per share data)
Balance as of October 29, 2017	18	$	163.42
Granted	7	$	239.48
Vested	(6)	$	155.78
Forfeited	(1)	$	175.46
Balance as of November 4, 2018	18	$	195.50
Assumed in CA Merger	1	$	206.14
Granted	33	$	183.64
Vested	(10)	$	192.28
Forfeited	(2)	$	182.80
Balance as of November 3, 2019	40	$	188.52
Granted	3	$	252.36
Vested	(8)	$	210.84
Forfeited	(3)	$	198.17
Balance as of November 1, 2020	32	$	188.35

Summary of Stock Option Awards

A summary of time- and market-based stock option activity is as follows:


	Number of Options Outstanding		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (In years)	Aggregate Intrinsic Value

	(In millions, except years and per share data)
Balance as of October 29, 2017	10		$	49.54
Exercised	(2)		$	47.41		$	534
Cancelled	—	*	$	72.37
Balance as of November 4, 2018	8		$	50.14
Exercised	(4)		$	47.88		$	761
Cancelled	—	*	$	49.00
Balance as of November 3, 2019	4		$	51.83
Exercised	(3)		$	49.05		$	917

Balance as of November 1, 2020	1		$	62.35	0.4	$	266
Fully vested as of November 1, 2020	1		$	62.39	0.4	$	264
Fully vested and expected to vest as of November 1, 2020	1		$	62.35	0.4	$	266

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* Represents fewer than 0.5 million shares.