Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Jul. 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:

 

July 27, 2025	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	1,437	$	—	$	—	$	1,437
Cash equivalents:
Money market funds*	924		—		—		924
Bank certificates of deposit and time deposits	60		—		—		60
U.S. Treasury and agency securities	1,114		—		—		1,114
Municipal securities	34		—		—		34
Commercial paper, corporate bonds and medium-term notes	1,815		—		—		1,815
Total cash equivalents	3,947		—		—		3,947
Total cash and cash equivalents	$	5,384	$	—	$	—	$	5,384
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	6	$	—	$	—	$	6
U.S. Treasury and agency securities	1,578		1		—		1,579
Non-U.S. government securities**	5		—		—		5
Municipal securities	465		3		1		467
Commercial paper, corporate bonds and medium-term notes	831		4		1		834
Asset-backed and mortgage-backed securities	623		2		2		623
Total fixed income securities	3,508		10		4		3,514
Publicly traded equity securities	1,438		467		2		1,903
Equity investments in privately held companies	315		69		38		346
Total equity investments	1,753		536		40		2,249
Total short-term and long-term investments	$	5,261	$	546	$	44	$	5,763
Total cash, cash equivalents and investments	$	10,645	$	546	$	44	$	11,147

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*Excludes $70 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 July 27, 2025:

 

	Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	1,565	$	1,564
Due after one through five years	1,317		1,324
Due after five years	3		3
No single maturity date*	2,376		2,872
Total	$	5,261	$	5,763

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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 27, 2025 and July 28, 2024 were as follows:

	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024
	(In millions)
Publicly traded equity securities
Unrealized gain	$	311	$	6	$	424	$	318
Unrealized loss	—		(30)		(139)		(33)
Realized gain on sales and dividends	5		3		30		5
Realized loss on sales or impairment	—		—		—		(1)
Equity investments in privately held companies
Unrealized gain	9		1		16		2
Unrealized loss	(6)		(2)		(13)		(12)
Realized gain on sales and dividends	1		—		8		3
Realized loss on sales or impairment	(22)		(19)		(27)		(19)
Total gain (loss) on equity investments, net	$	298	$	(41)	$	299	$	263