Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Jul. 30, 2017

Cash and Cash Equivalents [Abstract]

Summary of cash, cash equivalents and investments

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

July 30, 2017	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	1,123	$	—	$	—	$	1,123
Cash equivalents:
Money market funds	3,055		—		—		3,055
Municipal securities	437		—		—		437
Commercial paper, corporate bonds and medium-term notes	663		—		—		663
Total Cash equivalents	4,155		—		—		4,155
Total Cash and Cash equivalents	$	5,278	$	—	$	—	$	5,278
Short-term and long-term investments:
U.S. Treasury and agency securities	$	628	$	—	$	1	$	627
Non-U.S. government securities*	159		—		—		159
Municipal securities	893		1		—		894
Commercial paper, corporate bonds and medium-term notes	840		—		—		840
Asset-backed and mortgage-backed securities	316		—		—		316
Total fixed income securities	2,836		1		1		2,836
Publicly traded equity securities	24		76		—		100
Equity investments in privately-held companies	76		—		—		76
Total short-term and long-term investments	$	2,936	$	77	$	1	$	3,012
Total Cash, Cash equivalents and Investments	$	8,214	$	77	$	1	$	8,290

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

October 30, 2016	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	1,103	$	—	$	—	$	1,103
Cash equivalents:
Money market funds	1,889		—		—		1,889
U.S. Treasury and agency securities	10		—		—		10
Non-U.S. government securities*	10		—		—		10
Municipal securities	253		—		—		253
Commercial paper, corporate bonds and medium-term notes	141		—		—		141
Total Cash equivalents	2,303		—		—		2,303
Total Cash and Cash equivalents	$	3,406	$	—	$	—	$	3,406
Short-term and long-term investments:
U.S. Treasury and agency securities	$	195	$	—	$	—	$	195
Non-U.S. government securities*	5		—		—		5
Municipal securities	408		—		—		408
Commercial paper, corporate bonds and medium-term notes	273		1		—		274
Asset-backed and mortgage-backed securities	253		1		1		253
Total fixed income securities	1,134		2		1		1,135
Publicly traded equity securities	26		44		3		67
Equity investments in privately-held companies	70		—		—		70
Total short-term and long-term investments	$	1,230	$	46	$	4	$	1,272
Total Cash, Cash equivalents and Investments	$	4,636	$	46	$	4	$	4,678

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

Contractual maturities of investments

The following table summarizes the contractual maturities of Applied’s investments at July 30, 2017:

	Cost		Estimated Fair  Value
	(In millions)
Due in one year or less	$	1,927	$	1,927
Due after one through five years	593		593
No single maturity date**	416		492
	$	2,936	$	3,012

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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.