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Supplemental Financial Information
 6 Months Ended
May 02, 2021
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Cash Equivalents
Cash equivalents included $3,188 million and $2,471 million of time deposits and $1,385 million and $790 million of money-market funds as of May 2, 2021 and November 1, 2020, respectively. For time deposits, carrying value approximates fair value due to the short-term nature of the instruments. The fair value of money-market funds, which was consistent with their carrying value, was determined using unadjusted prices in active, accessible markets for identical assets, and as such, they were classified as Level 1 assets in the fair value hierarchy.
Accounts Receivable Factoring
We sell certain of our trade accounts receivable on a non-recourse basis to third-party financial institutions pursuant to factoring arrangements. We account for these transactions as sales of receivables and present cash proceeds as cash provided by operating activities in the condensed consolidated statements of cash flows. Total trade accounts receivable sold under the factoring arrangements were $900 million and $1,827 million during the fiscal quarter and two fiscal quarters ended May 2, 2021, respectively, and $926 million and $1,827 million for the fiscal quarter and two fiscal quarters ended May 3, 2020, respectively. Factoring fees for the sales of receivables were recorded in other income (expense), net and were not material for any of the periods presented.
Inventory
May 2,
2021		November 1,
2020
(In millions)
Finished goods$321 $323 
Work-in-process559 558 
Raw materials124 122 
Total inventory$1,004 $1,003 
Other Current Assets
May 2,
2021		November 1,
2020
(In millions)
Prepaid expenses$604 $387 
Other (miscellaneous)694 590 
Total other current assets $1,298 $977 
Other Current Liabilities
May 2,
2021		November 1,
2020
(In millions)
Contract liabilities$3,409 $2,620 
Tax liabilities506 440 
Interest payable335 304 
Other (miscellaneous)439 467 
Total other current liabilities$4,689 $3,831 
Other Long-Term Liabilities
May 2,
2021		November 1,
2020
(In millions)
Unrecognized tax benefits$3,188 $3,185 
Contract liabilities688 823 
Other (miscellaneous)1,086 1,418 
Total other long-term liabilities$4,962 $5,426 
Supplemental Cash Flow Information
Fiscal Quarter EndedTwo Fiscal Quarters Ended
May 2,
2021		May 3,
2020		May 2,
2021		May 3,
2020
(In millions)
Cash paid for interest$369 $375 $741 $756 
Cash paid for income taxes$293 $124 $440 $255 
As of May 2, 2021 and May 3, 2020, $38 million and $53 million, respectively, of unpaid purchases of property, plant and equipment were included in accounts payable. Amounts reported as unpaid purchases are presented as cash outflows from investing activities for purchases of property, plant and equipment in the condensed consolidated statements of cash flows in the period in which they are paid.