Fair Value Measurements (Tables)

12 Months Ended

Oct. 27, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for our financial assets (excluding cash balances) measured at fair value on a recurring basis:

 

	October 27, 2024						October 29, 2023
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	3,512	$	—	$	3,512	$	3,361	$	—	$	3,361
Bank certificates of deposit and time deposits	—		103		103		—		18		18
U.S. Treasury and agency securities	2,684		14		2,698		331		43		374
Non-U.S. government securities	—		5		5		—		6		6
Municipal securities	—		460		460		—		453		453
Commercial paper, corporate bonds and medium-term notes	—		2,590		2,590		—		2,177		2,177
Asset-backed and mortgage-backed securities	—		654		654		—		487		487
Total available-for-sale debt security investments	$	6,196	$	3,826	$	10,022	$	3,692	$	3,184	$	6,876
Equity investments with readily determinable values
Publicly traded equity securities	$	723	$	—	$	723	$	698	$	—	$	698
Total equity investments with readily determinable values	$	723	$	—	$	723	$	698	$	—	$	698
Total	$	6,919	$	3,826	$	10,745	$	4,390	$	3,184	$	7,574

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*Amounts as of October 27, 2024 and October 29, 2023 include $91 million and $101 million, respectively, invested in money market funds related to deferred compensation plans. Due to restrictions on the distribution of these funds, they are classified as restricted cash equivalents and are included in deferred income taxes and other assets in the Consolidated Balance Sheets.