Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Jul. 27, 2014

Cash, Cash Equivalents, and Investments [Abstract]

Summary of cash, cash equivalents and investments

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

July 27, 2014	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	745	$	—	$	—	$	745
Cash equivalents:
Money market funds	1,978		—		—		1,978
Municipal securities	3		—		—		3
Total Cash equivalents	1,981		—		—		1,981
Total Cash and Cash equivalents	$	2,726	$	—	$	—	$	2,726
Short-term and long-term investments:
U.S. Treasury and agency securities	$	72	$	—	$	—	$	72
Non-U.S. government securities*	15		—		—		15
Municipal securities	390		2		—		392
Commercial paper, corporate bonds and medium-term notes	228		1		—		229
Asset-backed and mortgage-backed securities	272		1		2		271
Total fixed income securities	977		4		2		979
Publicly traded equity securities	19		31		—		50
Equity investments in privately-held companies	73		—		—		73
Total short-term and long-term investments	$	1,069	$	35	$	2	$	1,102
Total Cash, Cash equivalents and Investments	$	3,795	$	35	$	2	$	3,828

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

October 27, 2013	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	611	$	—	$	—	$	611
Cash equivalents:
Money market funds	1,095		—		—		1,095
Municipal securities	5		—		—		5
Total Cash equivalents	1,100		—		—		1,100
Total Cash and Cash equivalents	$	1,711	$	—	$	—	$	1,711
Short-term and long-term investments:
U.S. Treasury and agency securities	$	170	$	—	$	—	$	170
Non-U.S. government securities	11		—		—		11
Municipal securities	379		2		—		381
Commercial paper, corporate bonds and medium-term notes	218		2		1		219
Asset-backed and mortgage-backed securities	268		2		2		268
Total fixed income securities	1,046		6		3		1,049
Publicly traded equity securities	27		33		—		60
Equity investments in privately-held companies	76		—		—		76
Total short-term and long-term investments	$	1,149	$	39	$	3	$	1,185
Total Cash, Cash equivalents and Investments	$	2,860	$	39	$	3	$	2,896

Contractual maturities of investments

The following table summarizes the contractual maturities of Applied’s investments at July 27, 2014:

	Cost		Estimated Fair  Value
	(In millions)
Due in one year or less	$	134	$	134
Due after one through five years	571		573
No single maturity date**	364		395
	$	1,069	$	1,102

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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.