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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 28, 2023
Oct. 29, 2022
Current Assets    
Cash and cash equivalents $ 958,061 $ 1,470,572
Accounts receivable less allowances of $2,763 ($4,571 in 2022) 1,469,734 1,800,462
Inventories 1,642,214 1,399,914
Prepaid expenses and other current assets 314,013 267,044
Total current assets 4,384,022 4,937,992
Other Assets    
Net property, plant and equipment 3,219,157 2,401,304
Goodwill 26,913,134 26,913,134
Intangible assets, net 11,311,957 13,265,406
Deferred tax assets 2,223,272 2,264,888
Other assets 742,936 519,626
Total non-current assets 44,410,456 45,364,358
 TOTAL ASSETS 48,794,478 50,302,350
Current Liabilities    
Accounts payable 493,041 582,160
Income taxes payable 309,046 265,845
Debt, current 499,052 0
Commercial paper notes 547,224 0
Accrued liabilities 1,352,608 1,594,650
Total current liabilities 3,200,971 2,442,655
Non-current Liabilities    
Long-term debt 5,902,457 6,548,625
Deferred income taxes 3,127,852 3,622,538
Income taxes payable 417,076 707,846
Other non-current liabilities 581,000 515,363
Total non-current liabilities 10,028,385 11,394,372
Commitments and contingencies (Note 10)
Shareholders’ Equity    
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding 0 0
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 496,261,678 shares outstanding (509,295,941 on October 29, 2022) 82,712 84,880
Capital in excess of par value 25,313,914 27,857,270
Retained earnings 10,356,798 8,721,325
Accumulated other comprehensive loss (188,302) (198,152)
Total shareholders’ equity 35,565,122 36,465,323
 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 48,794,478 $ 50,302,350