Document and Entity Information Document	3 Months Ended
Document and Entity Information Document	Feb. 01, 2015	Feb. 27, 2015
Entity Information [Line Items]
Entity Registrant Name	Avago Technologies LTD
Entity Central Index Key	0001441634
Current Fiscal Year End Date	--11-01
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Feb. 01, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		256,587,223

Condensed Consolidated Balance Sheets - Unaudited (USD $) In Millions, unless otherwise specified	Feb. 01, 2015	Nov. 02, 2014
Current assets:
Cash and cash equivalents	$ 2,569	$ 1,604
Trade accounts receivable, net	718	782
Inventory	500	519
Other current assets	307	302
Assets held-for-sale	4	628
Total current assets	4,098	3,835
Property, plant and equipment, net	1,269	1,158
Goodwill	1,596	1,596
Intangible assets, net	3,445	3,617
Other long-term assets	289	285
Total assets	10,697	10,491
Current liabilities:
Accounts payable	452	515
Current assets:	132	219
Other current liabilities	215	236
Current portion of long-term debt	46	46
Total current liabilities	845	1,016
Long-term liabilities:
Long-term debt	4,531	4,543
Convertible notes payable to related party	923	920
Pension and post-retirement benefit obligations	496	506
Other long-term liabilities	274	263
Total liabilities	7,069	7,248
Commitments and contingencies (Note 10)
Shareholders’ equity:
Ordinary shares, no par value; 256,289,707 shares and 254,330,630 shares issued and outstanding on February 1, 2015 and November 2, 2014, respectively	2,131	2,009
Retained earnings	1,546	1,284
Accumulated other comprehensive loss	(49)	(50)
Total shareholders’ equity	3,628	3,243
Total liabilities and shareholders’ equity	$ 10,697	$ 10,491

Condensed Consolidated Balance Sheets - Unaudited - (Parenthetical)	Feb. 01, 2015	Nov. 02, 2014
Common Stock, Shares, Issued	256,289,707	254,330,630
Common Stock, Shares, Outstanding	256,289,707	254,330,630

Condensed Consolidated Statements of Operations - Unaudited (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Net revenue	$ 1,635	$ 709
Cost of products sold:
Cost of products sold	694	347
Amortization of intangible assets	113	18
Restructuring charges	2	5
Total cost of products sold	809	370
Gross margin	826	339
Research and development	235	107
Selling, general and administrative	117	74
Amortization of intangible assets	59	7
Restructuring charges	14	12
Total operating expenses	425	200
Operating income	401	139
Interest expense	(54)	0
Other income, net	4	0
Income from continuing operations before income taxes	351	139
Provision for income taxes	13	5
Income from continuing operations	338	134
Income from discontinued operations (including a gain on disposal of $14 million), net of income taxes	13	0
Net income	$ 351	$ 134
Basic income per share:
Income per share from continuing operations (in dollars per share)	$ 1.33	$ 0.54
Income per share from discontinued operations, net of income taxes (in dollars per share)	$ 0.05	$ 0.00
Net income per share (in dollars per share)	$ 1.38	$ 0.54
Diluted income per share:
Income per share from continuing operations (in dollars per share)	$ 1.22	$ 0.53
Income per share from discontinued operations, net of income taxes (in dollars per share)	$ 0.04	$ 0.00
Net income per share (in dollars per share)	$ 1.26	$ 0.53
Weighted-average shares:
Basic (in shares)	255	249
Diluted (in shares)	278	255
Cash dividends declared and paid per share	$ 0.35	$ 0.25

Condensed Consolidated Statements of Operations - Unaudited - (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Income Statement [Abstract]
Gain on disposal	$ 14	$ 0

Condensed Consolidated Statements of Comprehensive Income - Unaudited (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 351	$ 134
Unrealized gains and amendment on retirement-related benefit plans	0	2
Reclassification to net income	1	(3)
Other comprehensive income (loss)	1	(1)
Comprehensive income	$ 352	$ 133

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Condensed Consolidated Statements of Cash Flows - Unaudited (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Cash flows from operating activities:
Net income	$ 351	$ 134
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	226	57
Amortization of debt issuance costs and accretion of debt discount	7	0
Share-based compensation	49	24
Tax benefits from share-based compensation	21	4
Excess tax benefits from share-based compensation	(20)	(3)
Gain on sale of business	(14)	0
Gain from post-retirement medical benefit plan curtailment and settlement	0	(3)
Deferred taxes	(6)	0
Other	11	0
Changes in assets and liabilities, net of acquisitions and disposals:
Trade accounts receivable, net	64	95
Inventory	33	(1)
Accounts payable	(78)	(24)
Employee compensation and benefits	(90)	(39)
Other current assets and current liabilities	(66)	(7)
Other long-term assets and long-term liabilities	(7)	(8)
Net cash provided by operating activities	481	229
Cash flows from investing activities:
Proceeds from sale of business	650	0
Purchases of property, plant and equipment	(162)	(52)
Proceeds from disposal of property, plant and equipment	26	0
Net cash provided by (used in) investing activities	514	(52)
Cash flows from financing activities:
Debt repayments	(12)	0
Issuance of ordinary shares	51	19
Repurchases of ordinary shares	0	(12)
Excess tax benefits from share-based compensation	20	3
Dividend payments to shareholders	(89)	(62)
Proceeds from government grants	0	2
Net cash used in financing activities	(30)	(50)
Net increase in cash and cash equivalents	965	127
Cash and cash equivalents at the beginning of period	1,604	985
Cash and cash equivalents at end of period	$ 2,569	$ 1,112

Overview, Basis of Presentation and Significant Accounting Policies

3 Months Ended

Feb. 01, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Overview, Basis of Presentation and Significant Accounting Policies

Overview

Avago Technologies Limited, or the “Company”, was organized under the laws of the Republic of Singapore in August 2005. We are a designer, developer and global supplier of a broad range of semiconductor devices with a focus on analog III-V based products and complex digital and mixed signal complementary metal oxide semiconductor based devices. We have a history of innovation and offer thousands of products that are used in end products, such as smartphones, hard disk drives, computer servers, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, and factory automation and industrial equipment. We have four reportable segments: wireless communications, enterprise storage, wired infrastructure and industrial & other, which align with our target markets.

We operate on a 52- or 53-week fiscal year ending on the Sunday closest to October 31. Our fiscal year ending November 1, 2015, or fiscal year 2015, is a 52-week fiscal year. The first quarter of our fiscal year 2015 ended on February 1, 2015, the second quarter ends on May 3, 2015 and the third quarter ends on August 2, 2015. Our fiscal year ended November 2, 2014, or fiscal year 2014, was also a 52-week fiscal year.

References herein to "the Company", "we", "our", "us" and "Avago" are to Avago Technologies Limited and its consolidated subsidiaries, unless otherwise specified or the context otherwise requires.

Basis of Presentation

On November 18, 2014, we completed the sale of the LSI Corporation, or LSI, Axxia Networking Business and related assets, or the Axxia Business, for $650 million to Intel Corporation, or Intel. Refer to Note 12. "Discontinued Operations" for more information.

The accompanying unaudited condensed consolidated financial statements include the accounts of Avago Technologies Limited and its wholly owned subsidiaries and have been prepared by us in accordance with accounting principles generally accepted in the United States, or GAAP, for interim financial information. This financial information reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair statement of the results for the periods presented. The November 2, 2014 condensed consolidated balance sheet data were derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for fiscal year 2014, or 2014 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, or SEC, but do not include all disclosures required by GAAP. Intercompany transactions and balances have been eliminated in consolidation.

The operating results for the fiscal quarter ended February 1, 2015 are not necessarily indicative of the results that may be expected for fiscal year 2015, or for any other future period.

Significant Accounting Policies

Use of estimates. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.

Concentrations of credit risk and significant customers. Our cash, cash equivalents and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents may be redeemable upon demand and are maintained with several financial institutions that management believes are of high credit quality and therefore bear minimal credit risk. We seek to mitigate our credit risks by spreading such risks across multiple counterparties and monitoring the risk profile of these counterparties. Our accounts receivable are derived from revenue earned from customers located around the world. We mitigate collection risks from our customers by performing regular credit evaluations of our customers' financial condition, and require collateral, such as letters of credit and bank guarantees, in certain circumstances.

We sell our products through our direct sales force, distributors and manufacturers' representatives. One direct customer accounted for 26% and 30% of our net accounts receivable balance at February 1, 2015 and November 2, 2014, respectively. For the fiscal quarters ended February 1, 2015 and February 2, 2014, one direct customer represented 27% and 25% of our net revenue, respectively. The majority of the revenue from this customer was included in our wireless communications segment.

Warranty. We accrue for the estimated costs of product warranties at the time revenue is recognized. Product warranty costs are estimated based upon our historical experience and specific identification of product requirements, which may fluctuate based on product mix. Additionally, we accrue for warranty costs associated with occasional or unanticipated product quality issues if a loss is probable and can be reasonably estimated.

The changes in accrued warranty were not material for the fiscal quarters ended February 1, 2015 or February 2, 2014.

Net income per share. Basic net income per share is computed using the weighted-average number of ordinary shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of ordinary shares and potentially dilutive share equivalents outstanding during the period. Diluted shares outstanding include the dilutive effect of in-the-money options, restricted share units, or RSUs, employee share purchase rights under the Avago Technologies Limited Employee Share Purchase Plan, or ESPP, (together referred to as equity awards) and the 2.0% Convertible Senior Notes due 2021 issued by Avago Technologies Limited, or the Convertible Notes. The dilutive effect of equity awards is calculated based on the average share price for each fiscal period, using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising share options and to purchase shares under the ESPP, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recognized when equity awards become deductible for income tax purposes are collectively assumed to be used to repurchase ordinary shares. The dilutive effect of the Convertible Notes is calculated using the treasury stock method. For the purpose of calculating their dilutive effect, we assumed that the Convertible Notes will be entirely settled in cash, which warrants use of the treasury stock method. In making this assumption, we considered our existing cash balance and our ability to borrow and repay our existing term loan facility under a credit agreement that Avago Technologies Finance Pte. Ltd and certain subsidiaries of the Company entered into with a syndicate of financial institutions, or the 2014 Credit Agreement. The treasury stock method assumes that the carrying value of the Convertible Notes represents proceeds, since settlement of the Convertible Notes tendered for conversion may be settled with cash, ordinary shares or a combination of both at our option. The resulting incremental ordinary shares attributable to the assumed conversion of the Convertible Notes are a component of diluted shares.

There were no significant antidilutive equity awards for the fiscal quarters ended February 1, 2015 or February 2, 2014.

The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the periods presented (in millions, except per share data):



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Net income (Numerator):
Income from continuing operations	$	338	$	134
Income from discontinued operations, net of income taxes	13		—
Net income	$	351	$	134
Shares (Denominator):
Basic weighted-average ordinary shares outstanding	255		249
Add incremental shares for:
Dilutive effect of share options, RSUs and ESPP rights	12		6
Dilutive effect of Convertible Notes	11		—
Shares used in diluted computation	278		255

Basic income per share:
Income per share from continuing operations	$	1.33	$	0.54
Income per share from discontinued operations, net of income taxes	$	0.05	$	—
Net income per share	$	1.38	$	0.54

Diluted income per share:
Income per share from continuing operations	$	1.22	$	0.53
Income per share from discontinued operations, net of income taxes	$	0.04	$	—
Net income per share	$	1.26	$	0.53

Supplemental cash flow disclosures. At February 1, 2015 and November 2, 2014, we had $55 million and $45 million, respectively, of unpaid purchases of property, plant, and equipment included in accounts payable and other current liabilities. Amounts reported as unpaid purchases will be recorded as cash outflows from investing activities for purchases of property, plant, and equipment in the unaudited condensed consolidated statements of cash flows in the period in which they are paid.

Recently Adopted Accounting Guidance

In November 2014, the Financial Accounting Standards Board, or FASB, issued authoritative guidance that provides guidance on whether and at what threshold an acquired business or not-for-profit organization can apply pushdown accounting. This guidance provides an option to apply pushdown accounting in the separate financial statements of an acquired entity upon the occurrence of an event in which an acquirer obtains control of the acquired entity. The guidance was effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. The adoption of this guidance did not impact our consolidated financial statements.

In July 2013, the FASB issued an amendment to the accounting guidance related to the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The guidance requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset where a net operating loss, a similar tax loss or a tax credit carryforward exists and certain criteria are met. This guidance was effective for the first quarter of our fiscal year 2015. The adoption of this guidance did not have a significant impact on our consolidated balance sheets.

Recent Accounting Guidance Not Yet Adopted

In February 2015, the FASB issued an amendment to the accounting guidance related to the criteria for consolidation of certain legal entities. The guidance will be effective for the first quarter of our fiscal year 2018, with early adoption permitted. The guidance requires either retrospective to each prior period presented or retrospective with a cumulative adjustment to retained earnings or accumulated deficit as of the adoption date. We are currently evaluating the impact that this guidance will have on our financial condition and results of operations.

In January 2015, the FASB issued an amendment to the accounting guidance related to the financial statement presentation of extraordinary and unusual items. The guidance eliminates the requirement to classify and present extraordinary items separately in the results of operations. This guidance will be effective prospectively for the first quarter of our fiscal year 2016, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on our consolidated financial statements.

In June 2014, the FASB issued authoritative guidance that resolves the diverse accounting treatment for share-based payment awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. The guidance applies to entities that grant their employees share-based awards that include a performance target that could be achieved after the requisite service period. The guidance explicitly requires that a performance target of this nature be treated as a performance condition and should not be reflected in estimating the grant-date fair value of the award. This guidance will be effective for the first quarter of our fiscal year 2016. We are currently evaluating the impact that this guidance will have on our financial condition and results of operations.

In May 2014, the FASB issued authoritative guidance that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The guidance is effective for the first quarter of our fiscal year 2018. Early adoption is not permitted. The new guidance is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method and are currently evaluating the impact of this guidance on our consolidated financial statements.

In April 2014, the FASB issued authoritative guidance that raises the threshold for a disposal transaction to qualify as a discontinued operation and requires additional disclosures about discontinued operations and disposals of individually significant components that do not qualify as discontinued operations. This guidance will be effective for the first quarter of our fiscal year 2016, with early adoption permitted.

Inventory

3 Months Ended

Feb. 01, 2015

Inventory Disclosure [Abstract]

Inventory

Inventory consists of the following (in millions):



	February 1, 2015		November 2, 2014
Finished goods	$	173	$	185
Work-in-process	264		250
Raw materials	63		84
Total inventory	$	500	$	519

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Intangible Assets

3 Months Ended

Feb. 01, 2015

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets

Intangible assets consist of the following (in millions):



	Gross Carrying Amount		Accumulated Amortization			Net Book Value
As of February 1, 2015:
Purchased technology	$	2,651	$	(795	)	$	1,856
Customer and distributor relationships	1,570		(311		)	1,259
Other ⁽¹⁾	275		(99		)	176
Intangible assets subject to amortization	4,496		(1,205		)	3,291
In-process research and development	154		—			154
Total	$	4,650	$	(1,205	)	$	3,445

As of November 2, 2014:
Purchased technology	$	2,651	$	(682	)	$	1,969
Customer and distributor relationships	1,570		(264		)	1,306
Other ⁽¹⁾	275		(87		)	188
Intangible assets subject to amortization	4,496		(1,033		)	3,463
In-process research and development	154		—			154
Total	$	4,650	$	(1,033	)	$	3,617

_________________________________

⁽¹⁾ Primarily represents trademarks and customer order backlog.

Amortization expense of intangible assets is as follows (in millions):



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Cost of products sold	$	113	$	18
Operating expenses	59		7
Total amortization of intangible assets	$	172	$	25

Based on the amount of intangible assets subject to amortization at February 1, 2015, the expected amortization expense for each of the next five fiscal years and thereafter is as follows (in millions):



Fiscal Year
2015 (remainder)	$	516
2016	625
2017	558
2018	436
2019	372
2020	312
Thereafter	472
	$	3,291

The weighted-average remaining amortization period for each intangible asset category at February 1, 2015 is as follows (in years):



Amortizable intangible assets:
Purchased technology	8
Customer and distributor relationships	7
Other	6

Retirement Plans and Post-Retirement Benefits

3 Months Ended

Feb. 01, 2015

Compensation and Retirement Disclosure [Abstract]

Retirement Plans and Post-Retirement Benefits

Defined Benefit Plans

As a result of our acquisition of LSI on May 6, 2014, we assumed LSI's defined benefit pension plans, covering certain U.S. and non-U.S. employees, under which we are obligated to make future contributions to fund benefits to participants. The U.S. defined benefit pension plans include a management plan and a represented plan. Benefits under the management plan are provided under either an adjusted career-average-pay program or a cash-balance program. Benefits under the represented plan are based on a dollar-per-month formula. Benefit accruals under the management plan were frozen in 2009. Participants in the adjusted career-average-pay program no longer earn service accruals. Participants in the cash-balance program no longer earn service accruals, but continue to earn 4% interest per year on their cash-balance accounts. There are no active participants under the represented plan. We also assumed a non-qualified supplemental pension plan in the U.S. in the LSI acquisition, which principally provides benefits based on compensation in excess of amounts that can be considered under the management plan. We also assumed pension plans covering certain non-U.S. employees.

Net Periodic Benefit Cost (Income)

The following table summarizes the components of the net periodic benefit cost (income) (in millions):



	Pension Benefits
	Fiscal Quarter Ended
	February 1, 2015			February 2, 2014
Service cost	$	—		$	1
Interest cost	16			—
Expected return on plan assets	(20		)	—
Net actuarial loss and prior service cost	1			—
Total net periodic benefit cost (income)	$	(3	)	$	1

During the fiscal quarter ended February 1, 2015, we contributed $6 million to our defined benefit pension plans. We expect to contribute an additional $56 million to our defined benefit pension plans during the remainder of fiscal year 2015. We do not expect to contribute to our post-retirement benefit plans in fiscal year 2015.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

Borrowings

3 Months Ended

Feb. 01, 2015

Debt Disclosure [Abstract]

Borrowings

Term Loans and Revolving Credit Facility

In connection with our acquisition of LSI on May 6, 2014, we entered into the 2014 Credit Agreement. The 2014 Credit Agreement provides for our term loan facility of $4.6 billion, or Term Loans, and our senior secured, revolving credit facility in an aggregate principal amount of up to $500 million, or the 2014 Revolving Credit Facility, swingline loans of up to $75 million and the issuance of letters of credit of up to $100 million, both of which reduce the amount that may be borrowed under the 2014 Revolving Credit Facility. The Term Loans have a term of seven years and the 2014 Revolving Credit Facility has a term of five years.

Loans under the 2014 Credit Agreement will bear interest at a rate per annum equal to, at our option:

(i) the greatest of (a) the rate of interest per annum publicly announced from time-to-time by Deutsche Bank AG New York Branch as its prime rate in effect at its principal office in New York City, (b) the Federal Funds Effective Rate (as defined in the 2014 Credit Agreement) in effect on the relevant day plus 1/2 of 1% per annum, (c) the Adjusted LIBO Rate (as defined in the 2014 Credit Agreement) on the relevant day for a deposit in dollars with a maturity of one month plus 1% per annum and (d), with respect to the Term loans, 1.75%; or

(ii) the interest rate per annum equal to the greater of (a) the LIBO Rate for the Interest Period (as defined in the 2014 Credit Agreement) multiplied by the Statutory Reserve Rate (as defined in the 2014 Credit Agreement) and (b), with respect to the Term Loans, 0.75% per annum.

As of February 1, 2015, there were no borrowings outstanding under the 2014 Revolving Credit Facility and there were no significant letters of credit outstanding. As of February 1, 2015, we had $4.6 billion in Term Loans outstanding with an effective interest rate of 4.15%. We were in compliance with the covenants described in the 2014 Credit Agreement as of February 1, 2015.

Unamortized debt issuance costs associated with the Term Loans and 2014 Revolving Credit Facility as of February 1, 2015 and November 2, 2014, were $111 million and $115 million, respectively, and are included in other current assets and other long-term assets on the unaudited condensed consolidated balance sheets. For the fiscal quarter ended February 1, 2015, amortization of debt issuance costs related to the Term Loans and 2014 Revolving Credit Facility were $3 million and $1 million, respectively, and were reported as a component of interest expense in the unaudited condensed consolidated statements of operations.

Convertible Senior Notes

In connection with our acquisition of LSI on May 6, 2014, the Company completed the private placement of $1 billion in aggregate principal amount of its Convertible Notes to two entities affiliated with Silver Lake Partners, or the Purchasers. The Convertible Notes are the Company’s unsecured senior obligations. The Convertible Notes will pay interest semi-annually at a rate of 2.0% per year, payable in arrears on May 1 and November 1 of each year and will mature on August 15, 2021, unless repurchased, redeemed or converted in accordance with their terms prior to such date.

Subject to any limitations set forth in the indenture dated as of May 6, 2014, between the Company and U.S. Bank National Association relating to the Convertible Notes, or the Indenture, the Convertible Notes may be converted as described below. The Convertible Notes are convertible at any time until the close of business on the scheduled trading day immediately preceding the maturity date. Upon conversion, the Convertible Notes may be settled in the Company's ordinary shares, cash or a combination of cash and ordinary shares, at the Company’s option. The Convertible Notes were convertible at an initial conversion rate of 20.8160 ordinary shares per $1,000 principal amount of the Convertible Notes, which was equivalent to an initial conversion price of approximately $48.04 per ordinary share. The conversion rate is subject to adjustment under the terms of the Convertible Notes, including as a result of cash dividends on the Company's ordinary shares in excess of $0.27 per share. Prior to May 6, 2019, the Company may not redeem the Convertible Notes. Beginning May 6, 2019, the Company may, at its option, redeem the Convertible Notes, in whole or in part, if the closing sale price of its ordinary shares for 20 or more trading days in the period of 30 consecutive trading days ending on the trading day immediately prior to the date on which the Company provides notice of such redemption exceeds 150% of the applicable conversion price in effect on each such trading day, at a redemption price equal to 100% of the principal amount of Convertible Notes being redeemed, together with accrued and unpaid interest to, but not including, the redemption date.

Holders of the Convertible Notes will have the right to require the Company to repurchase all or some of their Convertible Notes at 100% of their principal amount, plus any accrued and unpaid interest, upon the occurrence of a fundamental change. In addition, upon the occurrence of a make-whole fundamental change, the Company may be required to increase the conversion rate for the Convertible Notes converted in connection with such a make-whole fundamental change.

In connection with the sale of the Convertible Notes, the Company entered into a registration rights agreement, dated as of May 6, 2014, with the Purchasers providing for customary resale registration rights with respect to the Convertible Notes and the ordinary shares issuable upon conversion of the Convertible Notes, if any.

During the first quarter of fiscal year 2015, the quarterly dividend paid on our ordinary shares exceeded the dividend threshold for conversion price adjustment. As a result, the conversion rate was adjusted to 20.8505 ordinary shares per $1,000 principal amount of the Convertible Notes, which is equivalent to a conversion price of approximately $47.96 per ordinary share.

In accordance with the authoritative accounting guidance, we classified $85 million, representing a portion of the proceeds from the Convertible Notes, as ordinary shares within shareholders' equity. The $915 million carrying value of the long-term debt as of May 6, 2014 was calculated as the present value of its contractual payment obligations using a discount rate of 3.32%. The difference between the principal amount of the Convertible Notes and the carrying value of the long-term debt represents a debt discount on the issuance date, which is accreted as interest expense using the effective interest method through the contractual maturity date. During the fiscal quarter ended February 1, 2015, the interest expense related to the Convertible Notes' coupon interest rate of 2.0% and accretion of the debt discount was $5 million and $3 million, respectively.

The carrying value of the components of the Convertible Notes is as follows (in millions):



	February 1, 2015		November 2, 2014
Principal balance	$	1,000	$	1,000
Less: debt discount	77		80
Net carrying amount	$	923	$	920

At February 1, 2015, the outstanding principal amount of the Convertible Notes was $1 billion. The estimated fair value of the Convertible Notes as of February 1, 2015 and November 2, 2014, was $868 million and $871 million, respectively, which was determined based on inputs that are observable in the market under Level 2 of the fair value hierarchy. At February 1, 2015, we were in compliance with the covenants relating to the Convertible Notes.

At February 1, 2015, future scheduled principal payments for our outstanding Term Loans and the Convertible Notes, including the current portion, are summarized as follows (in millions):



Fiscal Year
2015 (remainder)	$	34
2016	46
2017	46
2018	46
2019	46
2020	46
Thereafter	5,313
Total	$	5,577

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Shareholders' Equity

3 Months Ended

Feb. 01, 2015

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Share Repurchase Program

No shares were repurchased during the fiscal quarter ended February 1, 2015 under the 2014 share repurchase mandate. The 2014 share repurchase mandate will expire on the date of the Company's 2015 annual general meeting, unless earlier terminated.

Dividends

We paid cash dividends of $0.35 and $0.25 per ordinary share, or $89 million and $62 million, during the fiscal quarters ended February 1, 2015 and February 2, 2014, respectively.

Share-Based Compensation Expense

The following table summarizes share-based compensation expense reported in continuing operations related to share-based awards granted to employees, directors, and non-employees for the fiscal quarters ended February 1, 2015 and February 2, 2014 (in millions):



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Cost of products sold	$	6	$	3
Research and development	19		8
Selling, general and administrative	24		13
Total share-based compensation expense	$	49	$	24

The fair values of our time-based options and ESPP purchase rights were estimated using the Black-Scholes option pricing model. Certain share options granted in the fiscal quarters ended February 1, 2015 and February 2, 2014 included both service and market conditions. The fair value of market-based options was estimated using Monte Carlo simulation techniques. The fair value of RSUs was estimated using the closing market price of our ordinary shares on the date of grant, reduced by the present value of dividends expected to be paid on our ordinary shares prior to vesting.

Share-based compensation expense in the first quarter of fiscal year 2015 included $11 million related to assumed LSI stock options and RSUs.

The weighted-average assumptions utilized for our time-based options, ESPP purchase rights and market-based options granted during the fiscal quarters ended February 1, 2015 and February 2, 2014, are shown in the tables below.



	Time-Based Options
	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Risk-free interest rate	1.3	%	1.2	%
Dividend yield	1.4	%	2.0	%
Volatility	35.0	%	35.0	%
Expected term (in years)	4.0		4.2



	ESPP Purchase Rights
	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Risk-free interest rate	0.1	%	—	%
Dividend yield	1.5	%	2.3	%
Volatility	28.0	%	37.0	%
Expected term (in years)	0.5		0.5



	Market-Based Options
	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Risk-free interest rate	2.0	%	2.4	%
Dividend yield	1.4	%	1.9	%
Volatility	44.0	%	46.0	%
Expected term (in years)	7.0		7.0

The dividend yields for the fiscal quarters ended February 1, 2015 and February 2, 2014 were based on the dividend yield as of the respective award grant dates. For the fiscal quarters ended February 1, 2015 and February 2, 2014, expected volatility for time-based and market-based options were based on our own historical share price volatility or combining historical volatility of guideline publicly-traded companies and our own historical share price volatility over the period commensurate with the expected life of the awards and the implied volatility from our own traded ordinary shares with a term of 180 days measured at a specific date.

The risk-free interest rate is derived from the average U.S. Treasury Strips rate during the period, which approximates the rate in effect at the time of grant.

For the fiscal quarters ended February 1, 2015 and February 2, 2014, the expected term for time-based options was based on a weighted-average combining the average life of options that have already been exercised or cancelled with the expected life of all unexercised options. The expected life for unexercised options was calculated assuming that the options will be exercised at the midpoint of the vesting date (if unvested) or the valuation date (if vested) and the full contractual term.

The expected term of market-based options valued using Monte Carlo simulation techniques was based upon the vesting dates forecasted by the simulation and then assuming that options which vest, and for which the market condition has been satisfied, are exercised at the midpoint between the forecasted vesting date and their expiration.

The total unrecognized compensation cost of time and market-based options granted but not yet vested as of February 1, 2015 was $216 million, which is expected to be recognized over the remaining weighted-average service period of 3 years.

Total unrecognized compensation cost related to the ESPP purchase rights as of February 1, 2015 was immaterial and is expected to be recognized over the remaining portion of the current offering period in the second quarter of fiscal year 2015.

Total unrecognized compensation cost related to unvested RSUs as of February 1, 2015 was $140 million, which is expected to be recognized over the remaining weighted-average service period of 3 years.

Equity Incentive Award Plans

A summary of option award activity related to our equity incentive plans is as follows (in millions, except years and per share amounts):



	Option Awards Outstanding
	Number Outstanding		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
Balance as of November 2, 2014	29		$	44.97
Granted	1		$	94.80
Exercised	(2	)	$	28.06
Cancelled	(1	)	$	66.91
Balance as of February 1, 2015	27		$	46.22	5.22	$	1,524
Fully vested as of February 1, 2015	8		$	27.51	4.30	$	609
Fully vested and expected to vest as of February 1, 2015	26		$	45.65	5.21	$	1,462

There was no significant RSU activity during the fiscal quarter ended February 1, 2015. The total intrinsic values of options exercised during the fiscal quarters ended February 1, 2015 and February 2, 2014 were $132 million and $22 million, respectively.

Employee Share Purchase Plan

No shares were issued under the ESPP during the fiscal quarters ended February 1, 2015 or February 2, 2014.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30, 31

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 4

-Subparagraph (SAB TOPIC 4.C)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section C

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section E

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(d),(e))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Preferred Stock

-URI http://asc.fasb.org/extlink&oid=6521494

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 17: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 18: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph d

-Article 4

Reference 19: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

+ Details

Income Taxes	3 Months Ended
Income Taxes	Feb. 01, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the fiscal quarter ended February 1, 2015, we recorded an income tax provision of $13 million, compared to an income tax provision of $5 million for the fiscal quarter ended February 2, 2014. The increase in income tax provision was largely due to the increase in profit before tax. The income tax provision for the fiscal quarters ended February 1, 2015 and February 2, 2014 included tax benefits of $5 million and $4 million, respectively, from the recognition of previously unrecognized tax benefits as a result of the expiration of the statute of limitations for certain audit periods. The income tax provision for the fiscal quarter ended February 1, 2015 also included a discrete benefit of $15 million from the retroactive reinstatement of the U.S. Federal Research and Development tax credit from January 1, 2014 to December 31, 2014, with the enactment of the Tax Increase Prevention Act of 2014. Unrecognized Tax Benefits We are subject to Singapore income tax examinations for the years ended October 31, 2010 and later, and in major jurisdictions outside Singapore for the years ended November 2, 2008 and later. We believe it is possible that we may recognize up to $10 million of our existing unrecognized tax benefits within the next 12 months as a result of lapses of the statute of limitations for certain audit periods.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Segment Information

3 Months Ended

Feb. 01, 2015

Segment Reporting [Abstract]

Segment Information

Reportable Segments

During the fourth quarter of fiscal year 2014, we changed our organizational structure resulting in four reportable segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. These segments align with our principal target markets. The segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the Chief Executive Officer, who has been identified as the Chief Operating Decision Maker, or CODM, as defined by authoritative guidance on segment reporting, in determining how to allocate resources and evaluate performance. The segments are determined based on several factors, including client base, homogeneity of products, technology, delivery channels and similar economic characteristics. The amounts for the fiscal quarter ended February 2, 2014 have been revised to conform to the current year’s presentation.

Wireless Communications. We support the wireless communications industry with a broad variety of radio frequency, or RF, semiconductor devices that amplify, as well as selectively filter, RF signals. In addition to RF devices, we provide a variety of optoelectronic sensors for mobile handset applications.

Enterprise Storage. This segment consists of LSI's storage products and PLX Technology, Inc.'s, or PLX, PCIe, or Peripheral Component Interconnect Express, switches and bridges. LSI's storage products enable secure movement of digital data to and from host machines, such as servers, personal computers and storage systems, to the underlying storage devices, such as hard disk drives, or HDDs, and solid state drives, or SSDs. We provide read channel-based system-on-a-chip, or SoCs, and preamplifiers to HDD original equipment manufacturers, or OEMs. We also provide custom flash controllers to SSD OEMs, and serial attached SCSI and redundant array of independent disks controller and adapter solutions to server and storage system OEMs. PLX's PCIe devices are interconnect semiconductors supporting the PCIe communication standards and are the primary interconnection mechanism inside computing systems.

Wired Infrastructure. In the storage and Ethernet networking markets, we supply transceivers that receive and transmit information along optical fibers. We also supply optical laser and receiver components to the access, metro and long-haul telecommunication markets. For enterprise networking and server input/output applications, we supply high speed serializer/deserializer products integrated into application specific integrated circuits.

Industrial & Other. We provide a broad variety of products for the general industrial and automotive markets. We offer optical isolators, or optocouplers, which provide electrical insulation and signal isolation. For industrial motors and robotic motion control, we supply optical encoders, as well as integrated circuits, or ICs, for the controller and decoder functions. For electronic signs and signals, we supply light-emitting diode, or LED, assemblies that offer high brightness and stable light output over thousands of hours, enabling us to support traffic signals, large commercial signs and other displays. For industrial networking, we provide faster optical transceivers using plastic optical fiber that enable quick and interoperable networking and factory automation.

Our CODM assesses the performance of each segment and allocates resources to those segments based on net revenue and operating income and does not evaluate operating segments using discrete asset information. Operating income by segment includes items that are directly attributable to each segment. Operating income by segment also includes shared expenses, such as global operations, including manufacturing support, logistics and quality control, which are allocated primarily based on headcount, expenses associated with our globally integrated support organizations, such as sales and corporate marketing functions, as well as finance, information technology, human resources, legal and related corporate infrastructure costs, along with certain benefit related expenses, which are allocated primarily based on a percentage of revenue, and facilities allocated based on square footage.

Unallocated Expenses

Unallocated expenses include amortization of intangible assets, share-based compensation expense, restructuring charges and acquisition-related costs, including charges related to inventory step-up to fair value, which are not used in evaluating the results of, or in allocating resources to, our segments. Acquisition-related costs include transaction costs and any costs directly related to the acquisition and integration of acquired businesses.

Depreciation expense directly attributable to each reportable segment is included in operating income for each segment. However, the CODM does not evaluate depreciation expense by operating segment and, therefore, it is not separately presented. There was no inter-segment revenue for the fiscal quarters ended February 1, 2015 and February 2, 2014. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

The following tables present our net revenue and operating income by reportable segment (in millions):



	Fiscal Quarter Ended
	February 1, 2015			February 2, 2014
Net revenue:
Wireless communications	$	664		$	349
Enterprise storage	486			—
Wired infrastructure	347			228
Industrial & other	138			132

Operating income:
Wireless communications	$	322		$	106
Enterprise storage	186			—
Wired infrastructure	95			57
Industrial & other	56			61
Unallocated expenses	(258		)	(85		)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 32

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 35

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 42

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

+ Details

Related Party Transactions

3 Months Ended

Feb. 01, 2015

Related Party Transactions

2.0% Convertible Senior Notes due 2021

On December 15, 2013, in connection with our agreement to acquire LSI, the Company entered into a Note Purchase Agreement with Silver Lake Partners IV, L.P, or SLP IV, and Deutsche Bank, A.G., Singapore Branch, as Lead Manager, or the Note Purchase Agreement, in connection with the private placement of the Convertible Notes. SLP IV is an investment fund affiliated with Silver Lake Partners, of which Kenneth Hao, one of our directors, is a Managing Partner and Managing Director. SLP IV's rights and obligations under the Note Purchase Agreement were thereafter assigned to and assumed by the Purchasers. We completed the private placement of the Convertible Notes on May 6, 2014 in connection with the acquisition of LSI.

In connection with the issuance of the Convertible Notes, the Company and the Purchasers also entered into a Registration Rights Agreement pursuant to which SLP IV has certain registration rights with respect to the Convertible Notes and the ordinary shares of the Company issuable upon conversion of the Convertible Notes.

Silicon Manufacturing Partners Pte. Ltd.

As a result of the acquisition of LSI, we acquired a 51% equity interest in Silicon Manufacturing Partners Pte. Ltd., or SMP, a joint venture with GLOBALFOUNDRIES. We have a take-or-pay agreement with SMP under which we have agreed to purchase 51% of the managed wafer capacity from SMP’s IC manufacturing facility and GLOBALFOUNDRIES has agreed to purchase the remaining managed wafer capacity. SMP determines its managed wafer capacity each year based on forecasts provided by the Company and GLOBALFOUNDRIES. If we fail to purchase our required commitments, we will be required to pay SMP for the fixed costs associated with the unpurchased wafers. GLOBALFOUNDRIES is similarly obligated with respect to the wafers allotted to it. The agreement may be terminated by either party upon two years written notice. The agreement may also be terminated for material breach, bankruptcy or insolvency.

Others

During the fiscal quarters ended February 1, 2015 and February 2, 2014, in the ordinary course of business, the Company purchased from, or sold (directly or indirectly) to, several entities for which one of the Company's directors also serves or served as a director, or is otherwise affiliated with, including KLA-Tencor Corporation, Qlogic Corporation, Smart Modular Technologies and Dell Inc.

Aggregate transactions and balances with our related parties were as follows (in millions):



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Total net revenue	$	43	$	—	*
Total costs and expenses including inventory purchases (1)	$	20	$	—	*



	February 1, 2015		November 2, 2014
Total receivables	$	15	$	14
Total payables (1)	$	11	$	8
Carrying value of the Convertible Notes and accrued interest	$	928	$	930

_________________________________

* Represents amounts less than $0.5 million.

(1) The Company purchased $15 million of inventory from SMP for the fiscal quarter ended February 1, 2015. As of February 1, 2015 and November 2, 2014, the amount payable to SMP was $11 million and $8 million, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

Commitments and Contingencies

3 Months Ended

Feb. 01, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments

The following table summarizes contractual obligations and commitments as of February 1, 2015, that have materially changed from the end of fiscal year 2014 (in millions):



	Total		2015 (remainder)		2016		2017		2018		2019		2020		Thereafter
Debt principal, interest and fees	$	6,802	$	187	$	231	$	239	$	237	$	234	$	231	$	5,443
Purchase commitments	$	616	$	593	$	17	$	4	$	2	$	—	$	—	$	—
Operating lease obligations	$	125	$	19	$	18	$	14	$	12	$	9	$	5	$	48

Debt Principal, Interest and Fees. Represents principal, interest and commitment fees payable on borrowings and credit facilities under the 2014 Credit Agreement, and principal and interest payable on the Convertible Notes.

Purchase Commitments. Represents unconditional purchase obligations that include agreements to purchase goods or services, primarily inventory, that are enforceable and legally binding on us and that specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions, and the approximate timing of the transaction. Purchase obligations exclude agreements that are cancelable without penalty.

We also make capital expenditures with a variety of vendors in connection with the expansion of our Fort Collins, Colorado, internal fabrication facility. These purchases are typically conducted on a purchase order basis and the amount shown in the table includes $120 million of cancelable and non-cancelable outstanding purchase obligations under such purchase orders as of February 1, 2015.

Under our take-or-pay agreement with SMP, we have agreed to purchase 51% of the managed wafer capacity from SMP’s IC manufacturing facility. If we fail to purchase our required commitments, we will be required to pay SMP for the fixed costs associated with the unpurchased wafers.

Operating Lease Obligations. Represents real property and equipment leased from third parties under non-cancelable operating leases.

There were no other substantial changes to our contractual commitments during the first quarter of fiscal year 2015 from those disclosed in our 2014 Annual Report on Form 10-K.

Contingencies

From time to time, we are involved in litigation that we believe is of the type common to companies engaged in our line of business, including commercial disputes, employment issues and disputes involving claims by third parties that our activities infringe their patent, copyright, trademark or other intellectual property rights. Legal proceedings are often complex, may require the expenditure of significant funds and other resources, and the outcome of litigation is inherently uncertain, with material adverse outcomes possible. Intellectual property claims generally involve the demand by a third-party that we cease the manufacture, use or sale of the allegedly infringing products, processes or technologies and/or pay substantial damages or royalties for past, present and future use of the allegedly infringing intellectual property. Claims that our products or processes infringe or misappropriate any third-party intellectual property rights (including claims arising through our contractual indemnification of our customers) often involve highly complex, technical issues, the outcome of which is inherently uncertain. Moreover, from time to time we pursue litigation to assert our intellectual property rights. Regardless of the merit or resolution of any such litigation, complex intellectual property litigation is generally costly and diverts the efforts and attention of our management and technical personnel.

Lawsuits Relating to the Acquisition of PLX Technology Inc.

In June and July 2014, four lawsuits were filed in the Superior Court for the State of California, County of Santa Clara challenging our acquisition of PLX. On July 22, 2014, the court consolidated these California actions under the caption In re PLX Technology, Inc. S’holder Litig., Lead Case No. 1-14-CV-267079 (Cal. Super. Ct., Santa Clara) and appointed lead counsel. That same day, the court also stayed the consolidated action, pending resolution of related actions filed in the Delaware Court of Chancery, described below.

Also in June and July 2014, five similar lawsuits were filed in the Delaware Court of Chancery. On July 21, 2014, the court consolidated these Delaware actions under the caption In re PLX Technology, Inc. Stockholders Litigation, Consol. C.A. No. 9880-VCL (Del. Ch.), appointed lead plaintiffs and lead counsel, and designated an operative complaint for the consolidated action. On July 31, 2014, counsel for lead plaintiffs in Delaware informed the court that they would not seek a preliminary injunction, but intend to seek damages and pursue monetary remedies through post-closing litigation. Our acquisition of PLX closed on August 12, 2014.

On October 31, 2014, lead plaintiffs filed a consolidated amended complaint. This complaint alleges, among other things, that PLX’s directors breached their fiduciary duties to PLX’s stockholders by seeking to sell PLX for an inadequate price, pursuant to an unfair process, and by agreeing to preclusive deal protections in the merger agreement. Plaintiffs also allege that Potomac Capital Partners II, L.P., Deutsche Bank Securities, Avago Technologies Wireless (U.S.A.) Manufacturing, Inc. and the acquisition subsidiary aided and abetted the alleged fiduciary breaches. Plaintiffs also allege that PLX’s 14D-9 recommendation statement contained false and misleading statements and/or omitted material information necessary to inform the shareholder vote. The complaint seeks, among other things, monetary damages and attorneys’ fees and costs. On November 26, 2014, defendants filed motions to dismiss the complaint for failure to state a claim as a matter of law. The motions will be fully briefed on March 13, 2015.

The Delaware class litigation is on-going.

Lawsuits Relating to the Acquisition of LSI

Fifteen purported class action complaints have been filed by alleged former stockholders of LSI against us. Eight of those lawsuits were filed in the Delaware Court of Chancery, and the other seven lawsuits were filed in the Superior Court of the State of California, County of Santa Clara on behalf of the same putative class as the Delaware actions, or the California Actions. On January 17, 2014, the Delaware Court of Chancery entered an order consolidating the Delaware actions into a single action, or the Delaware Action. These actions generally alleged that we aided and abetted breaches of fiduciary duty by the members of LSI's board of directors in connection with the merger because the merger was not in the best interest of LSI, the merger consideration is unfair and certain other terms of the merger agreement were unfair. Among other remedies, the lawsuits sought to rescind the merger or obtain unspecified money damages, costs and attorneys' fees.

On March 7, 2014, the parties to the Delaware Action reached an agreement in principle to settle the Delaware Action on a class wide basis, and negotiated a stipulation of settlement that was presented to the Delaware Court of Chancery on March 10, 2014. On March 12, 2014, the parties to the California Actions entered into a stipulation staying the California Actions pending resolution of the Delaware Action. On May 16, 2014, the plaintiffs in the Delaware Action filed a motion for final approval of the proposed settlement and award of attorneys’ fees and expenses with the Delaware Court of Chancery. On June 10, 2014, the Delaware court approved the settlement, including the payment of $2 million to counsel for the stockholders, entered final judgment and dismissed the case, or the Order and Final Judgment. On July 10, 2014, a class member of the Delaware Action filed a notice of appeal from the Order and Final Judgment. On February 5, 2015, the appeal was dismissed with prejudice.

Other Matters

In addition to the matters discussed above, we are currently engaged in a number of legal actions in the ordinary course of our business.

We do not believe, based on currently available facts and circumstances, that the final outcome of any pending legal proceedings, taken individually or as a whole, will have a material adverse effect on the our financial condition, results of operations or cash flows. However, lawsuits may involve complex questions of fact and law and may require the expenditure of significant funds and other resources to defend. The results of litigation are inherently uncertain, and material adverse outcomes are possible. From time to time, we may enter into confidential discussions regarding the potential settlement of such lawsuits. Any settlement of pending litigation could require us to incur substantial costs and other ongoing expenses, such as future royalty payments in the case of an intellectual property dispute.

During the periods presented we have not recorded any accrual for loss contingencies associated with any legal proceedings, nor determined that an unfavorable outcome is probable. As a result, no amounts have been accrued or disclosed in the accompanying unaudited condensed consolidated financial statements with respect to these legal proceedings, as potential losses for such matters are not considered probable and ranges of losses are not reasonably estimable. These matters are subject to many uncertainties and the ultimate outcomes are not predictable. There can be no assurances that the actual amounts required to satisfy any liabilities arising from the matters described above will not have a material adverse effect on our results of operations, financial position or cash flows.

Other Indemnifications

As is customary in our industry and as provided for in local law in the United States and other jurisdictions, many of our standard contracts provide remedies to our customers and others with whom we enter into contracts, such as defense, settlement, or payment of judgment for intellectual property claims related to the use of our products. From time to time, we indemnify customers, as well as our suppliers, contractors, lessors, lessees, companies that purchase our businesses or assets and others with whom we enter into contracts, against combinations of loss, expense, or liability arising from various triggering events related to the sale and the use of our products, the use of their goods and services, the use of facilities and state of our owned facilities, the state of the assets and businesses that we sell and other matters covered by such contracts, usually up to a specified maximum amount. In addition, from time to time we also provide protection to these parties against claims related to undiscovered liabilities, additional product liability or environmental obligations. In our experience, claims made under such indemnifications are rare and the associated estimated fair value of the liability is not material.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Restructuring Charges

3 Months Ended

Feb. 01, 2015

Restructuring and Related Activities [Abstract]

Restructuring Charges

During fiscal year 2014, we initiated a series of restructuring activities intended to realign our operations to improve overall efficiency and effectiveness. The following is a summary of significant restructuring expenses recognized in continuing operations during the fiscal quarters ended February 1, 2015 and February 2, 2014:


•	We implemented planned cost reduction and restructuring activities, primarily in our enterprise storage segment, in connection with the acquisition of LSI. During the fiscal quarter ended February 1, 2015, we recognized $2 million in cost of products sold and $12 million in operating expenses for employee termination costs related to this plan.


•	We closed a fabrication facility in Italy related to our wired infrastructure segment. As a result, we recognized $4 million in costs of products sold and $8 million in operating expenses during the fiscal quarter ended February 2, 2014 related to employee termination costs.


•	We incurred restructuring charges of $5 million recognized primarily in operating expenses as a result of rationalizing research and development programs and continued alignment of our global manufacturing operations during the fiscal quarter ended February 2, 2014.

The following table summarizes the significant activities within, and components of, the restructuring liabilities related to continuing and discontinued operations during the first quarter of fiscal year 2015 (in millions):



	Employee Termination Costs			Leases and Other Exit Costs			Total
Balance as of November 2, 2014	$	34		$	6		$	40
Cost of product sold	2			—			2
Operating expenses (a)	13			6			19
Cash payments	(23		)	(5		)	(28		)
Balance as of February 1, 2015 (b)	$	26		$	7		$	33

_________________________________

(a) In connection with the sale of the Axxia Business, we recognized $5 million of leases and other exit costs, which are included in the table above and in income from discontinued operations in the unaudited condensed consolidated statements of operations.

(b) The majority of the employee termination costs balance is expected to be paid by the third quarter of fiscal year 2015. The leases and other exit costs balance is expected to be paid during the remaining terms of the leases, which extend through the fiscal year 2019.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details

Discontinued Operations

3 Months Ended

Feb. 01, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

On November 18, 2014, we completed the sale of the Axxia Business to Intel for $650 million in cash. As part of this transaction, we are providing transitional services to Intel for a period of up to six months. The purpose of these services is to provide short-term assistance to the buyer in assuming the operations of the purchased business. We have determined that we do not have any material continuing involvement with the discontinued operations.

The following table summarizes the selected financial information of the Axxia Business included in discontinued operations in our unaudited condensed consolidated statements of operations for the fiscal quarter ended February 1, 2015 (in millions):



Net revenue	$	41
Income from discontinued operations (including a gain on disposal of $14 million), net of income taxes	$	13

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228

+ Details

Subsequent Events	3 Months Ended
Subsequent Events	Feb. 01, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Pending Acquisition of Emulex Corporation On February 25, 2015, we entered into a definitive agreement with Emulex Corporation, or Emulex, under which we will acquire Emulex, a publicly traded company and a leader in network connectivity, monitoring and management, in an all-cash transaction valued at approximately $606 million. Under the terms of the agreement, a subsidiary of Avago will commence a tender offer for all the outstanding shares of Emulex common stock for $8.00 per share in cash. We currently expect this transaction to close in the second half of fiscal year 2015. Cash Dividends Declared On March 4, 2015, the Board declared a quarterly cash dividend of $0.38 per ordinary share, payable on March 31, 2015 to shareholders of record on March 20, 2015. Partial Prepayment of Term Loans In March 2015, we elected to make $593 million of principal prepayments under our outstanding Term Loans in the second quarter of fiscal year 2015.

Overview, Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Feb. 01, 2015
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. Our fiscal year ending November 1, 2015, or fiscal year 2015, is a 52-week fiscal year. The first quarter of our fiscal year 2015 ended on February 1, 2015, the second quarter ends on May 3, 2015 and the third quarter ends on August 2, 2015. Our fiscal year ended November 2, 2014, or fiscal year 2014, was also a 52-week fiscal year.
Basis of presentation	The accompanying unaudited condensed consolidated financial statements include the accounts of Avago Technologies Limited and its wholly owned subsidiaries and have been prepared by us in accordance with accounting principles generally accepted in the United States, or GAAP, for interim financial information. This financial information reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair statement of the results for the periods presented. The November 2, 2014 condensed consolidated balance sheet data were derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for fiscal year 2014, or 2014 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, or SEC, but do not include all disclosures required by GAAP. Intercompany transactions and balances have been eliminated in consolidation. The operating results for the fiscal quarter ended February 1, 2015 are not necessarily indicative of the results that may be expected for fiscal year 2015, or for any other future period.
Use of estimates	Use of estimates. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.
Concentration of credit risk and significant customers	Concentrations of credit risk and significant customers. Our cash, cash equivalents and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents may be redeemable upon demand and are maintained with several financial institutions that management believes are of high credit quality and therefore bear minimal credit risk. We seek to mitigate our credit risks by spreading such risks across multiple counterparties and monitoring the risk profile of these counterparties. Our accounts receivable are derived from revenue earned from customers located around the world. We mitigate collection risks from our customers by performing regular credit evaluations of our customers' financial condition, and require collateral, such as letters of credit and bank guarantees, in certain circumstances.
Warranty	Warranty. We accrue for the estimated costs of product warranties at the time revenue is recognized. Product warranty costs are estimated based upon our historical experience and specific identification of product requirements, which may fluctuate based on product mix. Additionally, we accrue for warranty costs associated with occasional or unanticipated product quality issues if a loss is probable and can be reasonably estimated.
Net income per share	Net income per share. Basic net income per share is computed using the weighted-average number of ordinary shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of ordinary shares and potentially dilutive share equivalents outstanding during the period. Diluted shares outstanding include the dilutive effect of in-the-money options, restricted share units, or RSUs, employee share purchase rights under the Avago Technologies Limited Employee Share Purchase Plan, or ESPP, (together referred to as equity awards) and the 2.0% Convertible Senior Notes due 2021 issued by Avago Technologies Limited, or the Convertible Notes. The dilutive effect of equity awards is calculated based on the average share price for each fiscal period, using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising share options and to purchase shares under the ESPP, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recognized when equity awards become deductible for income tax purposes are collectively assumed to be used to repurchase ordinary shares. The dilutive effect of the Convertible Notes is calculated using the treasury stock method. For the purpose of calculating their dilutive effect, we assumed that the Convertible Notes will be entirely settled in cash, which warrants use of the treasury stock method. In making this assumption, we considered our existing cash balance and our ability to borrow and repay our existing term loan facility under a credit agreement that Avago Technologies Finance Pte. Ltd and certain subsidiaries of the Company entered into with a syndicate of financial institutions, or the 2014 Credit Agreement. The treasury stock method assumes that the carrying value of the Convertible Notes represents proceeds, since settlement of the Convertible Notes tendered for conversion may be settled with cash, ordinary shares or a combination of both at our option. The resulting incremental ordinary shares attributable to the assumed conversion of the Convertible Notes are a component of diluted shares. There were no significant antidilutive equity awards for the fiscal quarters ended February 1, 2015 or February 2, 2014.
Supplemental cash flow disclosures	Supplemental cash flow disclosures. At February 1, 2015 and November 2, 2014, we had $55 million and $45 million, respectively, of unpaid purchases of property, plant, and equipment included in accounts payable and other current liabilities. Amounts reported as unpaid purchases will be recorded as cash outflows from investing activities for purchases of property, plant, and equipment in the unaudited condensed consolidated statements of cash flows in the period in which they are paid.
Recent accounting guidance	Recently Adopted Accounting Guidance In November 2014, the Financial Accounting Standards Board, or FASB, issued authoritative guidance that provides guidance on whether and at what threshold an acquired business or not-for-profit organization can apply pushdown accounting. This guidance provides an option to apply pushdown accounting in the separate financial statements of an acquired entity upon the occurrence of an event in which an acquirer obtains control of the acquired entity. The guidance was effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. The adoption of this guidance did not impact our consolidated financial statements. In July 2013, the FASB issued an amendment to the accounting guidance related to the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The guidance requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset where a net operating loss, a similar tax loss or a tax credit carryforward exists and certain criteria are met. This guidance was effective for the first quarter of our fiscal year 2015. The adoption of this guidance did not have a significant impact on our consolidated balance sheets. Recent Accounting Guidance Not Yet Adopted In February 2015, the FASB issued an amendment to the accounting guidance related to the criteria for consolidation of certain legal entities. The guidance will be effective for the first quarter of our fiscal year 2018, with early adoption permitted. The guidance requires either retrospective to each prior period presented or retrospective with a cumulative adjustment to retained earnings or accumulated deficit as of the adoption date. We are currently evaluating the impact that this guidance will have on our financial condition and results of operations. In January 2015, the FASB issued an amendment to the accounting guidance related to the financial statement presentation of extraordinary and unusual items. The guidance eliminates the requirement to classify and present extraordinary items separately in the results of operations. This guidance will be effective prospectively for the first quarter of our fiscal year 2016, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on our consolidated financial statements. In June 2014, the FASB issued authoritative guidance that resolves the diverse accounting treatment for share-based payment awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. The guidance applies to entities that grant their employees share-based awards that include a performance target that could be achieved after the requisite service period. The guidance explicitly requires that a performance target of this nature be treated as a performance condition and should not be reflected in estimating the grant-date fair value of the award. This guidance will be effective for the first quarter of our fiscal year 2016. We are currently evaluating the impact that this guidance will have on our financial condition and results of operations. In May 2014, the FASB issued authoritative guidance that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The guidance is effective for the first quarter of our fiscal year 2018. Early adoption is not permitted. The new guidance is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method and are currently evaluating the impact of this guidance on our consolidated financial statements. In April 2014, the FASB issued authoritative guidance that raises the threshold for a disposal transaction to qualify as a discontinued operation and requires additional disclosures about discontinued operations and disposals of individually significant components that do not qualify as discontinued operations. This guidance will be effective for the first quarter of our fiscal year 2016, with early adoption permitted.

- Definition

Disclosure of accounting policy for credit risk.

+ References+ Details

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References+ Details

- Definition

Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.

+ References+ Details

Overview, Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Feb. 01, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reconciliation of the Denominators of the Basic and Diluted Net Income per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the periods presented (in millions, except per share data):



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Net income (Numerator):
Income from continuing operations	$	338	$	134
Income from discontinued operations, net of income taxes	13		—
Net income	$	351	$	134
Shares (Denominator):
Basic weighted-average ordinary shares outstanding	255		249
Add incremental shares for:
Dilutive effect of share options, RSUs and ESPP rights	12		6
Dilutive effect of Convertible Notes	11		—
Shares used in diluted computation	278		255

Basic income per share:
Income per share from continuing operations	$	1.33	$	0.54
Income per share from discontinued operations, net of income taxes	$	0.05	$	—
Net income per share	$	1.38	$	0.54

Diluted income per share:
Income per share from continuing operations	$	1.22	$	0.53
Income per share from discontinued operations, net of income taxes	$	0.04	$	—
Net income per share	$	1.26	$	0.53

Inventory (Tables)

3 Months Ended

Feb. 01, 2015

Inventory Disclosure [Abstract]

Summary of inventory

Inventory consists of the following (in millions):



	February 1, 2015		November 2, 2014
Finished goods	$	173	$	185
Work-in-process	264		250
Raw materials	63		84
Total inventory	$	500	$	519

Intangible Assets (Tables)

3 Months Ended

Feb. 01, 2015

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite- and Indefinite-lived Intangible Assets

Intangible assets consist of the following (in millions):



	Gross Carrying Amount		Accumulated Amortization			Net Book Value
As of February 1, 2015:
Purchased technology	$	2,651	$	(795	)	$	1,856
Customer and distributor relationships	1,570		(311		)	1,259
Other ⁽¹⁾	275		(99		)	176
Intangible assets subject to amortization	4,496		(1,205		)	3,291
In-process research and development	154		—			154
Total	$	4,650	$	(1,205	)	$	3,445

As of November 2, 2014:
Purchased technology	$	2,651	$	(682	)	$	1,969
Customer and distributor relationships	1,570		(264		)	1,306
Other ⁽¹⁾	275		(87		)	188
Intangible assets subject to amortization	4,496		(1,033		)	3,463
In-process research and development	154		—			154
Total	$	4,650	$	(1,033	)	$	3,617

_________________________________

⁽¹⁾ Primarily represents trademarks and customer order backlog.

Finite-lived Intangible Assets Amortization Expense

Amortization expense of intangible assets is as follows (in millions):



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Cost of products sold	$	113	$	18
Operating expenses	59		7
Total amortization of intangible assets	$	172	$	25

Finite-lived Intangible Assets Remaining



Fiscal Year
2015 (remainder)	$	516
2016	625
2017	558
2018	436
2019	372
2020	312
Thereafter	472
	$	3,291

Finite-lived Intangible Assets Remaining Weighted Average Amortization Period

The weighted-average remaining amortization period for each intangible asset category at February 1, 2015 is as follows (in years):



Amortizable intangible assets:
Purchased technology	8
Customer and distributor relationships	7
Other	6

Retirement Plans and Post-Retirement Benefits (Tables)

3 Months Ended

Feb. 01, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Periodic Benefit Cost

The following table summarizes the components of the net periodic benefit cost (income) (in millions):



	Pension Benefits
	Fiscal Quarter Ended
	February 1, 2015			February 2, 2014
Service cost	$	—		$	1
Interest cost	16			—
Expected return on plan assets	(20		)	—
Net actuarial loss and prior service cost	1			—
Total net periodic benefit cost (income)	$	(3	)	$	1

Borrowings Borrowings (Tables)

3 Months Ended

Feb. 01, 2015

Debt Disclosure [Abstract]

Carrying Value of Components of Convertible Notes

The carrying value of the components of the Convertible Notes is as follows (in millions):



	February 1, 2015		November 2, 2014
Principal balance	$	1,000	$	1,000
Less: debt discount	77		80
Net carrying amount	$	923	$	920

Schedule of Future Principal Payments on Debt

At February 1, 2015, future scheduled principal payments for our outstanding Term Loans and the Convertible Notes, including the current portion, are summarized as follows (in millions):



Fiscal Year
2015 (remainder)	$	34
2016	46
2017	46
2018	46
2019	46
2020	46
Thereafter	5,313
Total	$	5,577

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

Shareholders' Equity (Tables)

3 Months Ended

Feb. 01, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Share-based Compensation Expense Related to Share-based Awards Granted to Employees, Directors and Non-employees



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Cost of products sold	$	6	$	3
Research and development	19		8
Selling, general and administrative	24		13
Total share-based compensation expense	$	49	$	24

Weighted-average Assumptions of Employee Share Purchase Plan



	ESPP Purchase Rights
	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Risk-free interest rate	0.1	%	—	%
Dividend yield	1.5	%	2.3	%
Volatility	28.0	%	37.0	%
Expected term (in years)	0.5		0.5

Summary of Share-based Payment Award Activity

A summary of option award activity related to our equity incentive plans is as follows (in millions, except years and per share amounts):



	Option Awards Outstanding
	Number Outstanding		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
Balance as of November 2, 2014	29		$	44.97
Granted	1		$	94.80
Exercised	(2	)	$	28.06
Cancelled	(1	)	$	66.91
Balance as of February 1, 2015	27		$	46.22	5.22	$	1,524
Fully vested as of February 1, 2015	8		$	27.51	4.30	$	609
Fully vested and expected to vest as of February 1, 2015	26		$	45.65	5.21	$	1,462

Market-Based Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average Assumptions of Stock Options



	Market-Based Options
	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Risk-free interest rate	2.0	%	2.4	%
Dividend yield	1.4	%	1.9	%
Volatility	44.0	%	46.0	%
Expected term (in years)	7.0		7.0

Time-Based Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average Assumptions of Stock Options

Share-based compensation expense in the first quarter of fiscal year 2015 included $11 million related to assumed LSI stock options and RSUs.



	Time-Based Options
	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Risk-free interest rate	1.3	%	1.2	%
Dividend yield	1.4	%	2.0	%
Volatility	35.0	%	35.0	%
Expected term (in years)	4.0		4.2

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Segment Information (Tables)

3 Months Ended

Feb. 01, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following tables present our net revenue and operating income by reportable segment (in millions):



	Fiscal Quarter Ended
	February 1, 2015			February 2, 2014
Net revenue:
Wireless communications	$	664		$	349
Enterprise storage	486			—
Wired infrastructure	347			228
Industrial & other	138			132

Operating income:
Wireless communications	$	322		$	106
Enterprise storage	186			—
Wired infrastructure	95			57
Industrial & other	56			61
Unallocated expenses	(258		)	(85		)

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Related Party Transactions (Tables)

3 Months Ended

Feb. 01, 2015

Transactions and Balances with Related Parties

Aggregate transactions and balances with our related parties were as follows (in millions):



	Fiscal Quarter Ended
	February 1, 2015		February 2, 2014
Total net revenue	$	43	$	—	*
Total costs and expenses including inventory purchases (1)	$	20	$	—	*



	February 1, 2015		November 2, 2014
Total receivables	$	15	$	14
Total payables (1)	$	11	$	8
Carrying value of the Convertible Notes and accrued interest	$	928	$	930

_________________________________

* Represents amounts less than $0.5 million.

Commitments and Contingencies (Tables)

3 Months Ended

Feb. 01, 2015

Commitments and Contingencies Disclosure [Abstract]

Summary of Contractual Obligations and Commitments

The following table summarizes contractual obligations and commitments as of February 1, 2015, that have materially changed from the end of fiscal year 2014 (in millions):



	Total		2015 (remainder)		2016		2017		2018		2019		2020		Thereafter
Debt principal, interest and fees	$	6,802	$	187	$	231	$	239	$	237	$	234	$	231	$	5,443
Purchase commitments	$	616	$	593	$	17	$	4	$	2	$	—	$	—	$	—
Operating lease obligations	$	125	$	19	$	18	$	14	$	12	$	9	$	5	$	48

Restructuring Charges (Tables)

3 Months Ended

Feb. 01, 2015

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost



	Employee Termination Costs			Leases and Other Exit Costs			Total
Balance as of November 2, 2014	$	34		$	6		$	40
Cost of product sold	2			—			2
Operating expenses (a)	13			6			19
Cash payments	(23		)	(5		)	(28		)
Balance as of February 1, 2015 (b)	$	26		$	7		$	33

_________________________________

Discontinued Operations (Tables)

3 Months Ended

Feb. 01, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of Financial Information for Discontinued Operations



Net revenue	$	41
Income from discontinued operations (including a gain on disposal of $14 million), net of income taxes	$	13

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details

Overview, Basis of Presentation and Significant Accounting Policies (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Net income (Numerator):
Income from continuing operations	$ 338	$ 134
Income from discontinued operations, net of income taxes	13	0
Net income	$ 351	$ 134
Shares (Denominator):
Basic weighted-average ordinary shares outstanding (in shares)	255	249
Add: Incremental shares for:
Dilutive effect of share options, RSUs and ESPP rights (in shares)	12	6
Dilutive effect of Convertible Notes (in shares)	11	0
Shares used in diluted computation (in shares)	278	255
Basic income per share:
Income per share from continuing operations (in dollars per share)	$ 1.33	$ 0.54
Income per share from discontinued operations, net of income taxes (in dollars per share)	$ 0.05	$ 0.00
Net income per share (in dollars per share)	$ 1.38	$ 0.54
Diluted income per share:
Income per share from continuing operations (in dollars per share)	$ 1.22	$ 0.53
Income per share from discontinued operations, net of income taxes (in dollars per share)	$ 0.04	$ 0.00
Net income per share (in dollars per share)	$ 1.26	$ 0.53

Overview, Basis of Presentation and Significant Accounting Policies (Textuals) (Details) (USD $)	3 Months Ended	12 Months Ended		3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended
	Feb. 01, 2015 segment	Nov. 02, 2014	Nov. 18, 2014 Axxia Business	Feb. 01, 2015 Customer Concentration Risk Accounts Receivable Customer	Nov. 02, 2014 Customer Concentration Risk Accounts Receivable Customer	Feb. 01, 2015 Customer Concentration Risk Accounts Receivable Major Customer One	Nov. 02, 2014 Customer Concentration Risk Accounts Receivable Major Customer One	Feb. 01, 2015 Customer Concentration Risk Sales Customer	Feb. 02, 2014 Customer Concentration Risk Sales Customer	Feb. 01, 2015 Customer Concentration Risk Sales Major Customer One	Feb. 02, 2014 Customer Concentration Risk Sales Major Customer One	Feb. 01, 2015 Convertible Senior Notes Due 2021 Senior Notes	May 06, 2014 Convertible Senior Notes Due 2021 Senior Notes	Feb. 01, 2015 2014 Credit Agreement Term Loan	May 06, 2014 2014 Credit Agreement Term Loan
Number of reportable segments	4
Sales price			$ 650,000,000
Number of customers accounting for 10% or more				1	1			1	1
Concentration risk, percentage						26.00%	30.00%			27.00%	25.00%
Interest rate												2.00%	2.00%		1.75%
Unpaid purchases of property, plant, and equipment	55,000,000	45,000,000
Fiscal period end	52- or 53-week
Term Loan Facility														$ 4,600,000,000

Inventory (Details) (USD $) In Millions, unless otherwise specified	Feb. 01, 2015	Nov. 02, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 173	$ 185
Work-in-process	264	250
Raw materials	63	84
Total inventory	$ 500	$ 519

- Definition

Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

+ References+ Details

Intangible Assets (Details 1) (USD $)
In Millions, unless otherwise specified

Feb. 01, 2015

Nov. 02, 2014

Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]

Gross Carrying Amount

$ 4,496

Accumulated Amortization

(1,205)

(1,033)

Net Book Value

3,291

3,463

Intangible assets, gross

4,650

Intangible assets, net book value

3,445

3,617

In-process research and development

Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]

Intangible assets not subject to amortization

154

Purchased technology

Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]

Gross Carrying Amount

2,651

Accumulated Amortization

(795)

(682)

Net Book Value

1,856

1,969

Customer and distributor relationships

Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]

Gross Carrying Amount

1,570

Accumulated Amortization

(311)

(264)

Net Book Value

1,259

1,306

Other

Schedule of Finite-lived and Indefinite-lived Intangible Assets [Line Items]

Gross Carrying Amount

275

^[1]

275

^[1]

Accumulated Amortization

(99)

^[1]

(87)

^[1]

Net Book Value

$ 176

^[1]

$ 188

^[1]

[1]	Primarily represents trademarks and customer order backlog.

Intangible Assets (Details 2) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Amortization of purchased intangible assets
Cost of products sold	$ 113	$ 18
Operating expenses	59	7
Total amortization of intangible assets	$ 172	$ 25

Intangible Assets (Details 3) (USD $) In Millions, unless otherwise specified	Feb. 01, 2015	Nov. 02, 2014
Finite-lived intangible assets future amortization expense
2015 (remainder)	$ 516
2016	625
2017	558
2018	436
2019	372
2020	312
Thereafter	472
Net Book Value	$ 3,291	$ 3,463

Intangible Assets (Details 4)	3 Months Ended
Intangible Assets (Details 4)	Feb. 01, 2015
Purchased technology
Acquired Finite-lived Intangible Assets [Line Items]
Weighted-average remaining amortization period	8 years
Customer and distributor relationships
Acquired Finite-lived Intangible Assets [Line Items]
Weighted-average remaining amortization period	7 years
Other
Acquired Finite-lived Intangible Assets [Line Items]
Weighted-average remaining amortization period	6 years

Retirement Plans and Post-Retirement Benefits (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Defined Benefit Plan Disclosure [Line Items]
Interest per year on cash balance accounts	4.00%
Employer contributions to pension plans	$ 6
Expected employer contributions in fiscal year 2015	56
Defined Contribution Pension
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	0	1
Interest cost	16	0
Expected return on plan assets	(20)	0
Net actuarial loss and prior service cost	1	0
Total net periodic benefit cost (income)	$ (3)	$ 1

Borrowings (Term Loans and Revolving Credit Facility) (Details) (2014 Credit Agreement, USD $)	3 Months Ended		0 Months Ended	3 Months Ended		0 Months Ended			3 Months Ended
	Feb. 01, 2015 Term Loan and Line of Credit	Nov. 02, 2014 Term Loan and Line of Credit	May 06, 2014 Term Loan	Feb. 01, 2015 Term Loan	May 06, 2014 Term Loan Statutory Reserve Rate	May 06, 2014 Line of Credit US Federal Funds Rate	May 06, 2014 Line of Credit London Interbank Offered Rate (LIBOR)	May 06, 2014 Revolving Credit Facility Line of Credit	Feb. 01, 2015 Revolving Credit Facility Line of Credit	May 06, 2014 Bridge Loan Line of Credit	May 06, 2014 Letter of Credit Line of Credit
Debt Instrument [Line Items]
Term Loan Facility				$ 4,600,000,000
Maximum borrowing capacity								500,000,000		75,000,000	100,000,000
Term			7 years					5 years
Basis spread on variable rate						0.50%	1.00%
Interest rate			1.75%		0.75%
Interest rate, effective percentage				4.15%
Term loan outstanding amount				4,600,000,000
Debt issuance cost	111,000,000	115,000,000
Amortization of debt issuance costs and accretion of debt discount				$ 3,000,000					$ 1,000,000
Description of debt instruments	In connection with our acquisition of LSI on May 6, 2014, we entered into the 2014 Credit Agreement. The 2014 Credit Agreement provides for our term loan facility of $4.6 billion, or Term Loans, and our senior secured, revolving credit facility in an aggregate principal amount of up to $500 million, or the 2014 Revolving Credit Facility, swingline loans of up to $75 million and the issuance of letters of credit of up to $100 million, both of which reduce the amount that may be borrowed under the 2014 Revolving Credit Facility. The Term Loans have a term of seven years and the 2014 Revolving Credit Facility has a term of five years. Loans under the 2014 Credit Agreement will bear interest at a rate per annum equal to, at our option: (i) the greatest of (a) the rate of interest per annum publicly announced from time-to-time by Deutsche Bank AG New York Branch as its prime rate in effect at its principal office in New York City, (b) the Federal Funds Effective Rate (as defined in the 2014 Credit Agreement) in effect on the relevant day plus 1/2 of 1% per annum, (c) the Adjusted LIBO Rate (as defined in the 2014 Credit Agreement) on the relevant day for a deposit in dollars with a maturity of one month plus 1% per annum and (d), with respect to the Term loans, 1.75%; or (ii) the interest rate per annum equal to the greater of (a) the LIBO Rate for the Interest Period (as defined in the 2014 Credit Agreement) multiplied by the Statutory Reserve Rate (as defined in the 2014 Credit Agreement) and (b), with respect to the Term Loans, 0.75% per annum.

Borrowings (Convertible Notes) (Details) (Senior Notes, Convertible Senior Notes Due 2021, USD $)	0 Months Ended	3 Months Ended
	May 06, 2014 D	Feb. 01, 2015	Nov. 02, 2014
Senior Notes \| Convertible Senior Notes Due 2021
Debt Instrument [Line Items]
Proceeds from convertible debt	$ 1,000,000,000
Interest rate, effective percentage	3.32%
Interest rate	2.00%	2.00%
Conversion ratio	20.8160	20.8505
Principal amount basis for conversion rate of convertible notes	1,000
Conversion price	$ 48.04	$ 47.96
Debt Instrument, Covenant Compliance, Dividend Threshold For Adjustment Of Conversion Price	$ 0.27
Carrying amount of equity component		85,000,000
Threshold trading days	20
Threshold consecutive trading days	30 days
Threshold percentage of stock price trigger	150.00%
Debt instrument, repurchase percentage of principal amount of the Notes	100.00%
Interest expense, debt, excluding amortization		5,000,000
Adjustments to additional paid in capital, equity component of convertible debt, subsequent adjustments		3,000,000
Long-term debt, fair value		868,000,000	871,000,000
Terms of conversion feature		In connection with our acquisition of LSI on May 6, 2014, the Company completed the private placement of $1 billion in aggregate principal amount of its Convertible Notes to two entities affiliated with Silver Lake Partners, or the Purchasers. The Convertible Notes are the Company’s unsecured senior obligations. The Convertible Notes will pay interest semi-annually at a rate of 2.0% per year, payable in arrears on May 1 and November 1 of each year and will mature on August 15, 2021, unless repurchased, redeemed or converted in accordance with their terms prior to such date. Subject to any limitations set forth in the indenture dated as of May 6, 2014, between the Company and U.S. Bank National Association relating to the Convertible Notes, or the Indenture, the Convertible Notes may be converted as described below. The Convertible Notes are convertible at any time until the close of business on the scheduled trading day immediately preceding the maturity date. Upon conversion, the Convertible Notes may be settled in the Company's ordinary shares, cash or a combination of cash and ordinary shares, at the Company’s option. The Convertible Notes were convertible at an initial conversion rate of 20.8160 ordinary shares per $1,000 principal amount of the Convertible Notes, which was equivalent to an initial conversion price of approximately $48.04 per ordinary share. The conversion rate is subject to adjustment under the terms of the Convertible Notes, including as a result of cash dividends on the Company's ordinary shares in excess of $0.27 per share. Prior to May 6, 2019, the Company may not redeem the Convertible Notes. Beginning May 6, 2019, the Company may, at its option, redeem the Convertible Notes, in whole or in part, if the closing sale price of its ordinary shares for 20 or more trading days in the period of 30 consecutive trading days ending on the trading day immediately prior to the date on which the Company provides notice of such redemption exceeds 150% of the applicable conversion price in effect on each such trading day, at a redemption price equal to 100% of the principal amount of Convertible Notes being redeemed, together with accrued and unpaid interest to, but not including, the redemption date. Holders of the Convertible Notes will have the right to require the Company to repurchase all or some of their Convertible Notes at 100% of their principal amount, plus any accrued and unpaid interest, upon the occurrence of a fundamental change. In addition, upon the occurrence of a make-whole fundamental change, the Company may be required to increase the conversion rate for the Convertible Notes converted in connection with such a make-whole fundamental change. In connection with the sale of the Convertible Notes, the Company entered into a registration rights agreement, dated as of May 6, 2014, with the Purchasers providing for customary resale registration rights with respect to the Convertible Notes and the ordinary shares issuable upon conversion of the Convertible Notes, if any.
Carrying Amount of Convertible Debt:
Principal balance		1,000,000,000	1,000,000,000
Less: debt discount		77,000,000	80,000,000
Net carrying amount	$ 915,000,000	$ 923,000,000	$ 920,000,000

Borrowings (Future Principal Payments) (Details) (USD $) In Millions, unless otherwise specified	Feb. 01, 2015
Debt Disclosure [Abstract]
2015 (remainder)	$ 34
2016	46
2017	46
2018	46
2019	46
2020	46
Thereafter	5,313
Total	$ 5,577

- Definition

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References+ Details

Shareholders' Equity (Share Repurchase Program and Dividends) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Equity, Class of Treasury Stock [Line Items]
Cash dividend paid, per share	$ 0.35	$ 0.25
Dividend payments to shareholders	$ 89	$ 62
2014 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchased, shares	0

Shareholders' Equity (Share-based Compensation Expense) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	$ 49	$ 24
Cost of products sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	6	3
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	19	8
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	24	13
Stock options and RSUs assumed from acquisition \| LSI acquisition
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	$ 11

Shareholders' Equity (Weighted-average Assumptions) (Details)	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Time-Based Options
Weighted average assumptions of share-based payment awards
Risk-free interest rate	1.30%	1.20%
Dividend yield	1.40%	2.00%
Volatility	35.00%	35.00%
Expected term (in years)	4 years	4 years 2 months 13 days
Employee Stock Purchase Plan
Weighted average assumptions of share-based payment awards
Risk-free interest rate	0.10%	0.00%
Dividend yield	1.50%	2.30%
Volatility	28.00%	37.00%
Expected term (in years)	6 months	6 months
Market-Based Options
Weighted average assumptions of share-based payment awards
Risk-free interest rate	2.00%	2.40%
Dividend yield	1.40%	1.90%
Volatility	44.00%	46.00%
Expected term (in years)	7 years	7 years

Shareholders' Equity (Share-based Compensation Expense Textuals) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 49	$ 24
Expected life of options and implied volatility description	For the fiscal quarters ended February 1, 2015 and February 2, 2014, expected volatility for time-based and market-based options were based on our own historical share price volatility or combining historical volatility of guideline publicly-traded companies and our own historical share price volatility over the period commensurate with the expected life of the awards and the implied volatility from our own traded ordinary shares with a term of 180 days measured at a specific date.
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost, stock options	216
Period for recognition	3 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost, RSUs	$ 140
Period for recognition	3 years

Shareholders' Equity (Equity Incentive Award Plans) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Option Awards Outstanding:
Beginning balance	29
Granted	1
Exercised	(2)
Cancelled	(1)
Ending balance	27
Option Awards Outstanding, Weighted-average Exercise Price:
Beginning balance (in dollars per share)	$ 44.97
Granted (in dollars per share)	$ 94.80
Exercised (in dollars per share)	$ 28.06
Cancelled (in dollars per share)	$ 66.91
Ending balance (in dollars per share)	$ 46.22
Additional Option Disclosures:
Outstanding, weighted-average remaining contractual life	5 years 2 months 20 days
Outstanding, aggregate intrinsic value	$ 1,524
Vested, number outstanding	8
Vested, weighted-average exercise price per share (in dollars per share)	$ 27.51
Vested, weighted-average remaining contractual life	4 years 3 months 20 days
Vested, aggregate intrinsic value	609
Vested and expected to vest, number outstanding	26
Vested and expected to vest, weighted-average exercise price per share (in dollars per share)	$ 45.65
Vested and expected to vest, weighted-average remaining contractual life	5 years 2 months 16 days
Vested and expected to vest, aggregate intrinsic value	1,462
Total intrinsic value of options exercised	$ 132	$ 22

Shareholders' Equity (Employee Share Purchase Plan) (Details)	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Equity [Abstract]
Shares issued under the ESPP	0	0

Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Income Tax Contingency [Line Items]
Provision for income taxes	$ 13	$ 5
Unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations	5	4
Tax benefit, reinstatement of research and development tax credits	15
Maximum
Income Tax Contingency [Line Items]
Unrecognized tax benefits that may be recognized	$ 10

Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015 segment	Feb. 02, 2014
Segment Reporting Information [Line Items]
Number of reportable segments	4
Net revenue	$ 1,635	$ 709
Operating Income (Loss)	401	139
Wireless communications
Segment Reporting Information [Line Items]
Net revenue	664	349
Operating Income (Loss)	322	106
Enterprise storage
Segment Reporting Information [Line Items]
Net revenue	347	228
Operating Income (Loss)	95	57
Wired infrastructure
Segment Reporting Information [Line Items]
Net revenue	486	0
Operating Income (Loss)	186	0
Industrial & other
Segment Reporting Information [Line Items]
Net revenue	138	132
Operating Income (Loss)	56	61
Unallocated expenses
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ (258)	$ (85)

Related Party Transactions (Details) (USD $)
In Millions, unless otherwise specified

3 Months Ended

Feb. 01, 2015

Feb. 02, 2014

Nov. 02, 2014

Feb. 01, 2015

Silicon Manufacturing Partners Pte. Ltd

Nov. 02, 2014

Silicon Manufacturing Partners Pte. Ltd

May 06, 2014

Silicon Manufacturing Partners Pte. Ltd

Feb. 01, 2015

Inventories

Silicon Manufacturing Partners Pte. Ltd

Feb. 01, 2015

Convertible Senior Notes Due 2021

Director

Nov. 02, 2014

Convertible Senior Notes Due 2021

Director

Ownership percentage

51.00%

Long-term Purchase Commitment, Percentage of Inventory

51.00%

Advance notice of termination, required period

2 years

Total net revenue

$ 43

$ 0

^[1]

Cost, expenses and purchases with related party

^[2]

^[1]

Total receivables

Total payables

^[2]

Carrying value of the Convertible Notes and accrued interest

928

930

Amounts of transaction

0.5

Purchases from related party

$ 15

[1]	Represents amounts less than $0.5 million.
[2]	The Company purchased $15 million of inventory from SMP for the fiscal quarter ended February 1, 2015. As of February 1, 2015 and November 2, 2014, the amount payable to SMP was $11 million and $8 million, respectively.

Commitments and Contingencies (Details) (USD $) In Millions, unless otherwise specified	Feb. 01, 2015
Debt principal, interest and fees
Debt principal, interest and fees	$ 6,802
Debt Principal, Interest and Fees, 2015 (remainder)	187
Debt Principal, Interest and Fees, due in 2016	231
Debt Principal, Interest and Fees, due in 2017	239
Debt Principal, Interest and Fees, due in 2018	237
Debt Principal, Interest and Fees, due in 2019	234
Debt Principal, Interest and Fees, due in 2020	231
Debt Principal, Interest and Fees, Thereafter	5,443
Purchase commitments
Purchase Commitments, Total	616
Purchase Commitments, 2015 (remainder)	593
Purchase Commitments, 2016	17
Purchase Commitments, 2017	4
Purchase Commitments, 2018	2
Purchase Commitments, 2019	0
Purchase Commitments, 2020	0
Purchase Commitments, Thereafter	0
Operating lease obligations
Operating lease obligations	125
Operating Lease Obligations, 2015 (remainder)	19
Operating Lease Obligations, due in 2016	18
Operating Lease Obligations, due in 2017	14
Operating Lease Obligations, due in 2018	12
Operating Lease Obligations, due in 2019	9
Operating Lease Obligations, due in 2020	5
Operating Lease Obligations, Thereafter	$ 48

Commitments and Contingencies (Textuals) (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended			2 Months Ended		3 Months Ended
	Jun. 10, 2014	Feb. 01, 2015 Fort Collins Internal Fab Facility	May 06, 2014 Silicon Manufacturing Partners Pte. Ltd	Jul. 31, 2014 In re PLX Technology, Inc. S'holder Litig. Pending Litigation lawsuit	Jul. 31, 2014 In re PLX Technology, Inc. Stockholders Litigation, Consol. Pending Litigation lawsuit	Feb. 01, 2015 Stockholders of LSI vs. Company Settled Litigation lawsuit	Feb. 01, 2015 DELAWARE Stockholders of LSI vs. Company Settled Litigation lawsuit	Feb. 01, 2015 CALIFORNIA Stockholders of LSI vs. Company Settled Litigation lawsuit	Feb. 01, 2015 Inventories Silicon Manufacturing Partners Pte. Ltd
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase obligation		$ 120
Long-term Purchase Commitment, Percentage of Inventory									51.00%
Ownership percentage			51.00%
Lawsuits filed				4	5	15	8	7
Litigation settlement, amount	$ 2

Restructuring Charges (Details) (USD $)
In Millions, unless otherwise specified

3 Months Ended

Feb. 01, 2015

Feb. 02, 2014

Restructuring Cost and Reserve [Line Items]

Operating Expenses

$ 425

$ 200

Restructuring Reserve [Roll Forward]

Balance as of November 2, 2014

Cash payments

(28)

Balance as of February 1, 2015

^[1]

Cost of Products Sold

Restructuring Reserve [Roll Forward]

Restructuring charges

Operating Expenses

Restructuring Reserve [Roll Forward]

Restructuring charges

^[2]

Employee Termination Costs

Restructuring Cost and Reserve [Line Items]

Expected completion date

Aug. 02, 2015

Restructuring Reserve [Roll Forward]

Balance as of November 2, 2014

Cash payments

(23)

Balance as of February 1, 2015

^[1]

Employee Termination Costs | Cost of Products Sold

Restructuring Reserve [Roll Forward]

Restructuring charges

Employee Termination Costs | Operating Expenses

Restructuring Reserve [Roll Forward]

Restructuring charges

^[2]

Leases and Other Exit Costs

Restructuring Cost and Reserve [Line Items]

Expected completion date

Oct. 30, 2019

Restructuring Reserve [Roll Forward]

Balance as of November 2, 2014

Cash payments

(5)

Balance as of February 1, 2015

^[1]

Leases and Other Exit Costs | Cost of Products Sold

Restructuring Reserve [Roll Forward]

Restructuring charges

Leases and Other Exit Costs | Operating Expenses

Restructuring Reserve [Roll Forward]

Restructuring charges

^[2]

LSI Acquisition Project | Employee Termination Costs | Cost of Products Sold

Restructuring Cost and Reserve [Line Items]

Employee termination costs

LSI Acquisition Project | Employee Termination Costs | Operating Expenses

Restructuring Cost and Reserve [Line Items]

Employee termination costs

Fabrication Plant Closure, Italy | Facility Closing

Restructuring Cost and Reserve [Line Items]

Operating Expenses

Fabrication Plant Closure, Italy | Facility Closing | Cost of Products Sold

Restructuring Cost and Reserve [Line Items]

Employee termination costs

Rationalizing Research and Development Programs | Operating Expenses

Restructuring Cost and Reserve [Line Items]

Restructuring and other related costs

Axxia Business | Leases and Other Exit Costs

Restructuring Cost and Reserve [Line Items]

Restructuring and other related costs

$ 5

[1]	The majority of the employee termination costs balance is expected to be paid by the third quarter of fiscal year 2015. The leases and other exit costs balance is expected to be paid during the remaining terms of the leases, which extend through the fiscal year 2019
[2]	In connection with the sale of the Axxia Business, we recognized $5 million of leases and other exit costs, which are included in the table above and in income from discontinued operations in the unaudited condensed consolidated statements of operations.

- Definition

Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation.

+ References+ Details

Discontinued Operations (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations (including a gain on disposal of $14 million), net of income taxes	$ 13	$ 0
Gain on disposal	14	0
Axxia Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue	41
Income from discontinued operations (including a gain on disposal of $14 million), net of income taxes	13
Gain on disposal	$ 14

Subsequent Events (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		0 Months Ended	1 Months Ended		12 Months Ended		3 Months Ended
	Feb. 01, 2015	Feb. 02, 2014	Mar. 04, 2015 Subsequent Event	Mar. 10, 2015 Subsequent Event	Mar. 04, 2015 Subsequent Event	Nov. 01, 2015 Scenario, Forecast [Member] Emulex Corporation	Nov. 01, 2015 Scenario, Forecast [Member] Subsidiaries Emulex Corporation	May 03, 2015 Scenario, Forecast [Member] Term Loan
Subsequent Event [Line Items]
Cash payment to acquire business						$ 606
Tender offer, common stock value (in dollars per share)							$ 8
Common stock dividend declared date			Mar. 04, 2015
Interim cash dividend per share					$ 0.38
Dividends payable, date to be paid				Mar. 31, 2015
Common stock dividend record date				Mar. 20, 2015
Repayment of principal	$ 12	$ 0						$ 593