Cash, Cash Equivalents and Investments (Tables)

3 Months Ended

Jan. 27, 2019

Cash and Cash Equivalents [Abstract]

Summary of cash, cash equivalents and investments

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

January 27, 2019	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,016	$	—	$	—	$	1,016
Cash equivalents:
Money market funds	1,911		—		—		1,911
Commercial paper, corporate bonds and medium-term notes	265		—		—		265
Total Cash equivalents	2,176		—		—		2,176
Total Cash and Cash equivalents	$	3,192	$	—	$	—	$	3,192
Short-term and long-term investments:
U.S. Treasury and agency securities	$	375	$	—	$	—	$	375
Non-U.S. government securities*	9		—		—		9
Municipal securities	402		1		2		401
Commercial paper, corporate bonds and medium-term notes	628		1		3		626
Asset-backed and mortgage-backed securities	565		—		3		562
Total fixed income securities	1,979		2		8		1,973
Publicly traded equity securities	15		20		4		31
Equity investments in privately-held companies	104		—		—		104
Total equity investments	119		20		4		135
Total short-term and long-term investments	$	2,098	$	22	$	12	$	2,108
Total Cash, Cash equivalents and Investments	$	5,290	$	22	$	12	$	5,300

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* Includes agency debt securities guaranteed by Canada.

October 28, 2018	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,489	$	—	$	—	$	1,489
Cash equivalents:
Money market funds	1,599		—		—		1,599
Commercial paper, corporate bonds and medium-term notes	352		—		—		352
Total Cash equivalents	1,951		—		—		1,951
Total Cash and Cash equivalents	$	3,440	$	—	$	—	$	3,440
Short-term and long-term investments:
U.S. Treasury and agency securities	$	335	$	—	$	2	$	333
Non-U.S. government securities*	10		—		—		10
Municipal securities	399		—		4		395
Commercial paper, corporate bonds and medium-term notes	705		—		3		702
Asset-backed and mortgage-backed securities	595		—		4		591
Total fixed income securities	2,044		—		13		2,031
Publicly traded equity securities	17		25		4		38
Equity investments in privately-held companies	89		—		—		89
Total equity investments	106		25		4		127
Total short-term and long-term investments	$	2,150	$	25	$	17	$	2,158
Total Cash, Cash equivalents and Investments	$	5,590	$	25	$	17	$	5,598

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* Includes agency debt securities guaranteed by Canada.

Contractual maturities of investments

The following table summarizes the contractual maturities of Applied’s investments as of January 27, 2019:

	Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	429	$	428
Due after one through five years	985		983
No single maturity date**	684		697
Total	$	2,098	$	2,108

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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.

Equity Securities, FV-NI

The components of gain (losses) on equity investments for the three months ended January 27, 2019 were as follows:

	Three Months Ended
	January 27, 2019
	(In millions)
Publicly traded equity securities
Unrealized gain	$	6
Unrealized loss	(2		)
Gain on sales	1
Loss on sales	—
Equity investments in privately-held companies
Unrealized gain	7
Unrealized loss	(1		)
Gain on sales	1
Loss on sales	—
Total gain on equity investments, net	$	12