Fair Value Measurements (Tables)

9 Months Ended

Jul. 27, 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:

 

	July 27, 2025						October 27, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	994	$	—	$	994	$	3,512	$	—	$	3,512
Bank certificates of deposit and time deposits	—		66		66		—		103		103
U.S. Treasury and agency securities	2,500		193		2,693		2,684		14		2,698
Non-U.S. government securities	—		5		5		—		5		5
Municipal securities	—		501		501		—		460		460
Commercial paper, corporate bonds and medium-term notes	—		2,649		2,649		—		2,590		2,590
Asset-backed and mortgage-backed securities	—		623		623		—		654		654
Total available-for-sale debt security investments	$	3,494	$	4,037	$	7,531	$	6,196	$	3,826	$	10,022
Equity investments with readily determinable values
Publicly traded equity securities	$	1,903	$	—	$	1,903	$	723	$	—	$	723
Total equity investments with readily determinable values	$	1,903	$	—	$	1,903	$	723	$	—	$	723
Total	$	5,397	$	4,037	$	9,434	$	6,919	$	3,826	$	10,745

_________________________

*Amounts as of July 27, 2025 and October 27, 2024 include $70 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.