Cash, Cash Equivalents and Investments (Tables)

12 Months Ended

Oct. 29, 2023

Cash and Cash Equivalents [Abstract]

Summary Of Cash, Cash Equivalents And Investments

The following tables summarize our cash, cash equivalents and investments by security type:

 

October 29, 2023	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,417	$	—	$	—	$	1,417
Cash equivalents:
Money market funds*	3,260		—		—		3,260
Municipal securities	26		—		—		26
Commercial paper, corporate bonds and medium-term notes	1,429		—		—		1,429
Total cash equivalents	4,715		—		—		4,715
Total cash and cash equivalents	$	6,132	$	—	$	—	$	6,132
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	18	$	—	$	—	$	18
U.S. Treasury and agency securities	381		—		7		374
Non-U.S. government securities**	7		—		1		6
Municipal securities	438		—		11		427
Commercial paper, corporate bonds and medium-term notes	760		—		12		748
Asset-backed and mortgage-backed securities	502		—		15		487
Total fixed income securities	2,106		—		46		2,060
Publicly traded equity securities	543		171		16		698
Equity investments in privately held companies	192		78		10		260
Total equity investments	735		249		26		958
Total short-term and long-term investments	$	2,841	$	249	$	72	$	3,018
Total cash, cash equivalents and investments	$	8,973	$	249	$	72	$	9,150

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*Excludes $101 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

October 30, 2022	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,199	$	—	$	—	$	1,199
Cash equivalents:
Money market funds*	660		—		—		660
U.S. Treasury and agency securities	4		—		—		4
Municipal securities	13		—		—		13
Commercial paper, corporate bonds and medium-term notes	119		—		—		119
Total cash equivalents	796		—		—		796
Total cash and cash equivalents	$	1,995	$	—	$	—	$	1,995
Short-term and long-term investments:
Bank certificates of deposit	$	7	$	—	$	—	$	7
U.S. Treasury and agency securities	435		—		13		422
Non-U.S. government securities**	7		—		1		6
Municipal securities	389		—		16		373
Commercial paper, corporate bonds and medium-term notes	595		—		21		574
Asset-backed and mortgage-backed securities	432		—		19		413
Total fixed income securities	1,865		—		70		1,795
Publicly traded equity securities	85		63		26		122
Equity investments in privately held companies	567		86		4		649
Total equity investments	652		149		30		771
Total short-term and long-term investments	$	2,517	$	149	$	100	$	2,566
Total cash, cash equivalents and investments	$	4,512	$	149	$	100	$	4,561

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*Excludes $105 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

Contractual Maturities Of Investments

The following table summarizes the contractual maturities of our investments at October 29, 2023:

 

	Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	716	$	709
Due after one through five years	888		864
No single maturity date*	1,237		1,445
Total	$	2,841	$	3,018

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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.

Components Of Gain (Loss) On Equity Investment

The components of gain (loss) on equity investments for each fiscal year were as follows:

	2023		2022		2021
	(In millions)
Publicly traded equity securities
Unrealized gain	$	193	$	30	$	14
Unrealized loss	(44)		(62)		(11)
Realized gain on sales and dividends	9		7		2
Realized loss on sales or impairment	(4)		—		—
Equity investments in privately held companies
Unrealized gain	15		41		65
Unrealized loss	(30)		(5)		(12)
Realized gain on sales and dividends	9		3		48
Realized loss on sales or impairment	(121)		(7)		(7)
Total gain (loss) on equity investments, net	$	27	$	7	$	99