Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Jul. 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:

 

July 28, 2024	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,318	$	—	$	—	$	1,318
Cash equivalents:
Money market funds*	2,828		—		—		2,828
Bank certificates of deposit and time deposits	20		—		—		20
U.S. Treasury and agency securities	2,291		—		—		2,291
Municipal securities	73		—		—		73
Commercial paper, corporate bonds and medium-term notes	1,758		—		—		1,758
Total cash equivalents	6,970		—		—		6,970
Total cash and cash equivalents	$	8,288	$	—	$	—	$	8,288
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	19	$	—	$	—	$	19
U.S. Treasury and agency securities	641		1		2		640
Non-U.S. government securities**	5		—		—		5
Municipal securities	445		2		4		443
Commercial paper, corporate bonds and medium-term notes	816		2		3		815
Asset-backed and mortgage-backed securities	632		1		6		627
Total fixed income securities	2,558		6		15		2,549
Publicly traded equity securities	543		422		3		962
Equity investments in privately held companies	246		58		19		285
Total equity investments	789		480		22		1,247
Total short-term and long-term investments	$	3,347	$	486	$	37	$	3,796
Total cash, cash equivalents and investments	$	11,635	$	486	$	37	$	12,084

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*Excludes $90 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

 _________________________

*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 July 28, 2024:

 

	Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	798	$	796
Due after one through five years	1,124		1,122
Due after five years	4		4
No single maturity date*	1,421		1,874
Total	$	3,347	$	3,796

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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 and nine months ended July 28, 2024 and July 30, 2023 were as follows:

	Three Months Ended				Nine Months Ended
	July 28, 2024		July 30, 2023		July 28, 2024		July 30, 2023
	(In millions)
Publicly traded equity securities
Unrealized gain	$	6	$	12	$	318	$	31
Unrealized loss	(30)		(1)		(33)		(28)
Realized gain on sales and dividends	3		4		5		5
Realized loss on sales or impairment	—		—		(1)		(2)
Equity investments in privately held companies
Unrealized gain	1		1		2		13
Unrealized loss	(2)		(18)		(12)		(29)
Realized gain on sales and dividends	—		2		3		7
Realized loss on sales or impairment	(19)		(2)		(19)		(119)
Total gain (loss) on equity investments, net	$	(41)	$	(2)	$	263	$	(122)