XML 84 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Cash, Cash Equivalents and Investments (Tables)
6 Months Ended
Apr. 26, 2020
Cash and Cash Equivalents [Abstract]  
Summary of cash, cash equivalents and investments
The following tables summarize Applied’s cash, cash equivalents and investments:
 
April 26, 2020CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
 (In millions)
Cash$1,029  $—  $—  $1,029  
Cash equivalents:
Money market funds4,231  —  —  4,231  
Commercial paper, corporate bonds and medium-term notes21  —  —  21  
Total Cash equivalents4,252  —  —  4,252  
Total Cash and Cash equivalents$5,281  $—  $—  $5,281  
Short-term and long-term investments:
U.S. Treasury and agency securities$380  $ $—  $386  
Non-U.S. government securities* —  —   
Municipal securities397   —  402  
Commercial paper, corporate bonds and medium-term notes555    557  
Asset-backed and mortgage-backed securities594    597  
Total fixed income securities1,930  23   1,946  
Publicly traded equity securities11  31   38  
Equity investments in privately-held companies104  18   117  
Total equity investments115  49   155  
Total short-term and long-term investments$2,045  $72  $16  $2,101  
Total Cash, Cash equivalents and Investments$7,326  $72  $16  $7,382  
 _________________________
* Includes agency debt securities guaranteed by Canada.
October 27, 2019CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
 (In millions)
Cash$1,071  $—  $—  $1,071  
Cash equivalents:
Money market funds1,677  —  —  1,677  
U.S. Treasury and agency securities —  —   
Commercial paper, corporate bonds and medium-term notes377  —  —  377  
Total Cash equivalents2,058  —  —  2,058  
Total Cash and Cash equivalents$3,129  $—  $—  $3,129  
Short-term and long-term investments:
U.S. Treasury and agency securities$336  $ $—  $337  
Non-U.S. government securities*10  —  —  10  
Municipal securities402   —  406  
Commercial paper, corporate bonds and medium-term notes642   —  647  
Asset-backed and mortgage-backed securities631   —  635  
Total fixed income securities2,021  14  —  2,035  
Publicly traded equity securities 40   45  
Equity investments in privately-held companies105  10   112  
Total equity investments113  50   157  
Total short-term and long-term investments$2,134  $64  $ $2,192  
Total Cash, Cash equivalents and Investments$5,263  $64  $ $5,321  
 _________________________
* Includes agency debt securities guaranteed by Canada.
Contractual maturities of investments
The following table summarizes the contractual maturities of Applied’s investments as of April 26, 2020:
 
CostEstimated
Fair Value
 (In millions)
Due in one year or less$378  $380  
Due after one through five years958  969  
No single maturity date**709  752  
Total$2,045  $2,101  
 _________________________
** 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 (loss) on equity investments for the three and six months ended April 26, 2020 and April 28, 2019 were as follows:
Three Months EndedSix Months Ended
April 26, 2020April 28, 2019April 26, 2020April 28, 2019
 (In millions)
Publicly traded equity securities
Unrealized gain $ $ $ $13  
Unrealized loss(12) (1) (15) (3) 
Realized gain on sales—   —   
Equity investments in privately-held companies
Unrealized gain    
Unrealized loss(2) (2) (3) (3) 
Realized gain on sales or other    
Realized loss on sales or impairment(6) —  (8) —  
Total gain (loss) on equity investments, net$(7) $11  $(11) $23