Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Jul. 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:

July 29, 2018	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair  Value
	(In millions)
Cash	$	1,364	$	—	$	—	$	1,364
Cash equivalents:
Money market funds	1,596		—		—		1,596
Non-U.S. government securities*	2		—		—		2
Municipal securities	119		—		—		119
Commercial paper, corporate bonds and medium-term notes	292		—		—		292
Asset-backed and mortgage-backed securities	1		—		—		1
Total Cash equivalents	2,010		—		—		2,010
Total Cash and Cash equivalents	$	3,374	$	—	$	—	$	3,374
Short-term and long-term investments:
U.S. Treasury and agency securities	$	336	$	—	$	2	$	334
Non-U.S. government securities*	10		—		—		10
Municipal securities	417		—		2		415
Commercial paper, corporate bonds and medium-term notes	722		—		3		719
Asset-backed and mortgage-backed securities	586		—		4		582
Total fixed income securities	2,071		—		11		2,060
Publicly traded equity securities	20		61		—		81
Equity investments in privately-held companies	82		—		—		82
Total short-term and long-term investments	$	2,173	$	61	$	11	$	2,223
Total Cash, Cash equivalents and Investments	$	5,547	$	61	$	11	$	5,597

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* Includes agency debt securities guaranteed by Canada.

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 as of July 29, 2018:

	Cost		Estimated Fair  Value
	(In millions)
Due in one year or less	$	556	$	555
Due after one through five years	929		923
No single maturity date**	688		745
	$	2,173	$	2,223

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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.