Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Jul. 28, 2013

Cash, Cash Equivalents, and Investments [Abstract]

Summary of cash, cash equivalents and investments

Summary of Cash, Cash Equivalents and Investments

The following tables summarize Applied’s cash, cash equivalents and investments by security type:

July 28, 2013	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	600	$	—	$	—	$	600
Cash equivalents:
Money market funds	1,145		—		—		1,145
Total Cash equivalents	1,145		—		—		1,145
Total Cash and Cash equivalents	$	1,745	$	—	$	—	$	1,745
Short-term and long-term investments:
U.S. Treasury and agency securities	$	229	$	1	$	1	$	229
Non-U.S. government securities*	11		—		—		11
Municipal securities	378		1		1		378
Commercial paper, corporate bonds and medium-term notes	257		2		1		258
Asset-backed and mortgage-backed securities	281		2		2		281
Total fixed income securities	1,156		6		5		1,157
Publicly traded equity securities	30		27		—		57
Equity investments in privately-held companies	71		—		—		71
Total short-term and long-term investments	$	1,257	$	33	$	5	$	1,285
Total Cash, Cash equivalents and Investments	$	3,002	$	33	$	5	$	3,030

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* Includes agency and corporate debt securities guaranteed by non-U.S. governments, which consist of Australia, Canada and Germany.

October 28, 2012	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	876	$	—	$	—	$	876
Cash equivalents:
Money market funds	483		—		—		483
Municipal securities	33		—		—		33
Total Cash equivalents	516		—		—		516
Total Cash and Cash equivalents	$	1,392	$	—	$	—	$	1,392
Short-term and long-term investments:
U.S. Treasury and agency securities	$	373	$	1	$	—	$	374
Non-U.S. government securities	29		—		—		29
Municipal securities	396		2		—		398
Commercial paper, corporate bonds and medium-term notes	381		3		—		384
Asset-backed and mortgage-backed securities	294		4		—		298
Total fixed income securities	1,473		10		—		1,483
Publicly traded equity securities	32		15		—		47
Equity investments in privately-held companies	70		—		—		70
Total short-term and long-term investments	$	1,575	$	25	$	—	$	1,600
Total Cash, Cash equivalents and Investments	$	2,967	$	25	$	—	$	2,992

Contractual maturities of investments

Maturities of Investments

The following table summarizes the contractual maturities of Applied’s investments at July 28, 2013:

	Cost		Estimated Fair  Value
	(In millions)
Due in one year or less	$	195	$	195
Due after one through five years	681		682
No single maturity date**	381		408
	$	1,257	$	1,285

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** Securities with no single maturity date include publicly-traded and privately-held equity securities, and asset-backed and mortgage-backed securities.