Cash, Cash Equivalents and Investments (Tables)

3 Months Ended

Jan. 28, 2018

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:

January 28, 2018	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	1,469	$	—	$	—	$	1,469
Cash equivalents:
Money market funds	3,766		—		—		3,766
Non-U.S. government securities*	40		—		—		40
Municipal securities	836		—		—		836
Commercial paper, corporate bonds and medium-term notes	688		—		—		688
Total Cash equivalents	5,330		—		—		5,330
Total Cash and Cash equivalents	$	6,799	$	—	$	—	$	6,799
Short-term and long-term investments:
U.S. Treasury and agency securities	$	255	$	—	$	1	$	254
Non-U.S. government securities*	10		—		—		10
Municipal securities	452		—		2		450
Commercial paper, corporate bonds and medium-term notes	563		—		2		561
Asset-backed and mortgage-backed securities	397		—		3		394
Total fixed income securities	1,677		—		8		1,669
Publicly traded equity securities	22		93		1		114
Equity investments in privately-held companies	75		—		—		75
Total short-term and long-term investments	$	1,774	$	93	$	9	$	1,858
Total Cash, Cash equivalents and Investments	$	8,573	$	93	$	9	$	8,657

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

October 29, 2017	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	1,346	$	—	$	—	$	1,346
Cash equivalents:
Money market funds	2,658		—		—		2,658
U.S. Treasury and agency securities	15		—		—		15
Non-U.S. government securities*	55		—		—		55
Municipal securities	341		—		—		341
Commercial paper, corporate bonds and medium-term notes	595		—		—		595
Total Cash equivalents	3,664		—		—		3,664
Total Cash and Cash equivalents	$	5,010	$	—	$	—	$	5,010
Short-term and long-term investments:
U.S. Treasury and agency securities	$	667	$	—	$	1	$	666
Non-U.S. government securities*	161		—		—		161
Municipal securities	1,007		—		—		1,007
Commercial paper, corporate bonds and medium-term notes	1,024		1		1		1,024
Asset-backed and mortgage-backed securities	379		—		1		378
Total fixed income securities	3,238		1		3		3,236
Publicly traded equity securities	22		78		1		99
Equity investments in privately-held companies	74		—		—		74
Total short-term and long-term investments	$	3,334	$	79	$	4	$	3,409
Total Cash, Cash equivalents and Investments	$	8,344	$	79	$	4	$	8,419

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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 January 28, 2018:

	Cost		Estimated Fair  Value
	(In millions)
Due in one year or less	$	606	$	606
Due after one through five years	674		668
No single maturity date**	494		584
	$	1,774	$	1,858

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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.