Cash, Cash Equivalents and Investments (Tables)

6 Months Ended

Apr. 29, 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:

April 29, 2018	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	1,468	$	—	$	—	$	1,468
Cash equivalents:
Money market funds	1,894		—		—		1,894
Non-U.S. government securities*	80		—		—		80
Municipal securities	795		—		—		795
Commercial paper, corporate bonds and medium-term notes	633		—		—		633
Total Cash equivalents	3,402		—		—		3,402
Total Cash and Cash equivalents	$	4,870	$	—	$	—	$	4,870
Short-term and long-term investments:
U.S. Treasury and agency securities	$	193	$	—	$	1	$	192
Non-U.S. government securities*	49		—		—		49
Municipal securities	395		—		4		391
Commercial paper, corporate bonds and medium-term notes	456		—		4		452
Asset-backed and mortgage-backed securities	428		—		4		424
Total fixed income securities	1,521		—		13		1,508
Publicly traded equity securities	21		87		—		108
Equity investments in privately-held companies	80		—		—		80
Total short-term and long-term investments	$	1,622	$	87	$	13	$	1,696
Total Cash, Cash equivalents and Investments	$	6,492	$	87	$	13	$	6,566

 _________________________

* 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

 _________________________

* 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 as of April 29, 2018:

	Cost		Estimated Fair  Value
	(In millions)
Due in one year or less	$	442	$	442
Due after one through five years	651		642
No single maturity date**	529		612
	$	1,622	$	1,696

 _________________________

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