Organization, Consolidation and Presentation of Financial Statements (Policies)

12 Months Ended

Oct. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Fiscal periods

We operate on a 52- or 53-week fiscal year ending on the Sunday closest to October 31 in a 52-week year and the first Sunday in November in a 53-week year. Our fiscal year ended October 30, 2022 (“fiscal year 2022”) was a 52-week fiscal year. The first quarter of our fiscal year 2022 ended on January 30, 2022, the second quarter ended on May 1, 2022 and the third quarter ended on July 31, 2022. Our fiscal year ended October 31, 2021 (“fiscal year 2021”) and fiscal year ended November 1, 2020 (“fiscal year 2020”) were both 52-week fiscal years.

Basis of accounting

On November 4, 2019, we completed the purchase of certain assets and assumption of certain liabilities of the Symantec Corporation Enterprise Security business (the “Symantec Business”). We have two reportable segments: semiconductor solutions and infrastructure software. See Note 13. “Segment Information” for additional information.

The accompanying consolidated financial statements include the accounts of Broadcom and its subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). All intercompany balances and transactions have been eliminated in consolidation.