Cash, Cash Equivalents and Investments (Tables)

3 Months Ended

Jan. 28, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Investments

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

 

January 28, 2024	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,354	$	—	$	—	$	1,354
Cash equivalents:
Money market funds*	3,254		—		—		3,254
U.S. Treasury and agency securities	249		—		—		249
Municipal securities	26		—		—		26
Commercial paper, corporate bonds and medium-term notes	1,971		—		—		1,971
Total cash equivalents	5,500		—		—		5,500
Total cash and cash equivalents	$	6,854	$	—	$	—	$	6,854
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	21	$	—	$	—	$	21
U.S. Treasury and agency securities	455		—		4		451
Non-U.S. government securities**	6		—		—		6
Municipal securities	445		2		6		441
Commercial paper, corporate bonds and medium-term notes	816		2		6		812
Asset-backed and mortgage-backed securities	566		2		9		559
Total fixed income securities	2,309		6		25		2,290
Publicly traded equity securities	543		435		7		971
Equity investments in privately held companies	225		76		14		287
Total equity investments	768		511		21		1,258
Total short-term and long-term investments	$	3,077	$	517	$	46	$	3,548
Total cash, cash equivalents and investments	$	9,931	$	517	$	46	$	10,402

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*Excludes $100 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

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.

Schedule of Contractual Maturities of Investments

The following table summarizes the contractual maturities of our investments as of January 28, 2024:

 

	Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	625	$	620
Due after one through five years	1,109		1,102
Due after five years	9		9
No single maturity date*	1,334		1,817
Total	$	3,077	$	3,548

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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.

Schedule of Components of Gain (Loss) on Equity Investment

The components of gain (loss) on equity investments for the three months ended January 28, 2024 and January 29, 2023 were as follows:

	Three Months Ended
	January 28, 2024		January 29, 2023
	(In millions)
Publicly traded equity securities
Unrealized gain	$	287	$	18
Unrealized loss	(2)		(16)
Realized loss on sales or impairment	(1)		(1)
Equity investments in privately held companies
Unrealized gain	1		4
Unrealized loss	(6)		(2)
Realized gain on sales and dividends	2		5
Total gain (loss) on equity investments, net	$	281	$	8