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Fair Value Measurements (Tables)
3 Months Ended
Jan. 26, 2025
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:
 
 January 26, 2025October 27, 2024
 Level 1Level 2TotalLevel 1Level 2Total
 (In millions)
Assets:
Available-for-sale debt security investments
Money market funds*$2,545 $— $2,545 $3,512 $— $3,512 
Bank certificates of deposit and time deposits— 62 62 — 103 103 
U.S. Treasury and agency securities1,905 1,913 2,684 14 2,698 
Non-U.S. government securities— — 
Municipal securities— 458 458 — 460 460 
Commercial paper, corporate bonds and medium-term notes— 3,152 3,152 — 2,590 2,590 
Asset-backed and mortgage-backed securities— 644 644 — 654 654 
Total available-for-sale debt security investments$4,450 $4,330 $8,780 $6,196 $3,826 $10,022 
Equity investments with readily determinable values
Publicly traded equity securities$613 $— $613 $723 $— $723 
Total equity investments with readily determinable values$613 $— $613 $723 $— $723 
Total$5,063 $4,330 $9,393 $6,919 $3,826 $10,745 
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*Amounts as of January 26, 2025 and October 27, 2024 include $91 million and $91 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 Condensed Balance Sheets.