Net Income Per Share (Tables)

9 Months Ended

Aug. 01, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the periods presented:

	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
	(In millions, except per share data)
Numerator:
Income from continuing operations	$	1,876	$	689	$	4,747	$	1,637
Dividends on preferred stock	(74)		(74)		(224)		(223)
Income from continuing operations attributable to common stock	1,802		615		4,523		1,414
Loss from discontinued operations, net of income taxes, attributable to common stock	—		(1)		—		(1)
Net income attributable to common stock	$	1,802	$	614	$	4,523	$	1,413
Denominator:
Weighted-average shares outstanding - basic	411		403		409		401
Dilutive effect of equity awards	18		19		20		19
Weighted-average shares outstanding - diluted	429		422		429		420

Basic income per share attributable to common stock:
Income per share from continuing operations	$	4.38	$	1.53	$	11.06	$	3.53
Loss per share from discontinued operations	—		(0.01)		—		(0.01)
Net income per share	$	4.38	$	1.52	$	11.06	$	3.52
Diluted income per share attributable to common stock:
Income per share from continuing operations	$	4.20	$	1.46	$	10.54	$	3.37
Loss per share from discontinued operations	—		(0.01)		—		(0.01)
Net income per share	$	4.20	$	1.45	$	10.54	$	3.36