Cash, Cash Equivalents and Investments (Tables)

6 Months Ended

Apr. 27, 2025

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:

 

April 27, 2025	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,440	$	—	$	—	$	1,440
Cash equivalents:
Money market funds*	2,534		—		—		2,534
Bank certificates of deposit and time deposits	100		—		—		100
Municipal securities	50		—		—		50
Commercial paper, corporate bonds and medium-term notes	2,045		—		—		2,045
Total cash equivalents	4,729		—		—		4,729
Total cash and cash equivalents	$	6,169	$	—	$	—	$	6,169
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	9	$	—	$	—	$	9
U.S. Treasury and agency securities	393		2		—		395
Non-U.S. government securities**	8		—		—		8
Municipal securities	449		2		2		449
Commercial paper, corporate bonds and medium-term notes	871		4		1		874
Asset-backed and mortgage-backed securities	626		2		3		625
Total fixed income securities	2,356		10		6		2,360
Publicly traded equity securities	1,365		175		20		1,520
Equity investments in privately held companies	300		63		27		336
Total equity investments	1,665		238		47		1,856
Total short-term and long-term investments	$	4,021	$	248	$	53	$	4,216
Total cash, cash equivalents and investments	$	10,190	$	248	$	53	$	10,385

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*Excludes $75 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

October 27, 2024	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,313	$	—	$	—	$	1,313
Cash equivalents:
Money market funds*	3,421		—		—		3,421
Bank certificates of deposit and time deposits	90		—		—		90
U.S. Treasury and agency securities	1,394		—		—		1,394
Municipal securities	19		—		—		19
Commercial paper, corporate bonds and medium-term notes	1,785		—		—		1,785
Total cash equivalents	6,709		—		—		6,709
Total cash and cash equivalents	$	8,022	$	—	$	—	$	8,022
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	13	$	—	$	—	$	13
U.S. Treasury and agency securities	1,306		—		2		1,304
Non-U.S. government securities**	5		—		—		5
Municipal securities	441		2		2		441
Commercial paper, corporate bonds and medium-term notes	803		4		2		805
Asset-backed and mortgage-backed securities	656		3		5		654
Total fixed income securities	3,224		9		11		3,222
Publicly traded equity securities	543		185		5		723
Equity investments in privately held companies	255		58		22		291
Total equity investments	798		243		27		1,014
Total short-term and long-term investments	$	4,022	$	252	$	38	$	4,236
Total cash, cash equivalents and investments	$	12,044	$	252	$	38	$	12,258

 _________________________

*Excludes $91 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 April 27, 2025:

 

	Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	512	$	512
Due after one through five years	1,215		1,220
Due after five years	3		3
No single maturity date*	2,291		2,481
Total	$	4,021	$	4,216

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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 six months ended April 27, 2025 and April 28, 2024 were as follows:

	Three Months Ended				Six Months Ended
	April 27, 2025		April 28, 2024		April 27, 2025		April 28, 2024
	(In millions)
Publicly traded equity securities
Unrealized gain	$	110	$	25	$	113	$	312
Unrealized loss	(28)		(1)		(139)		(3)
Realized gain on sales and dividends	22		2		25		2
Realized loss on sales or impairment	—		—		—		(1)
Equity investments in privately held companies
Unrealized gain	—		—		7		1
Unrealized loss	(2)		(4)		(7)		(10)
Realized gain on sales and dividends	1		1		7		3
Realized loss on sales or impairment	(5)		—		(5)		—
Total gain (loss) on equity investments, net	$	98	$	23	$	1	$	304