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Cash, Cash Equivalents and Investments
 12 Months Ended
Oct. 26, 2025
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents and Investments Cash, Cash Equivalents and Investments
Summary of Cash, Cash Equivalents and Investments
The following tables summarize our cash, cash equivalents and investments by security type:
 
October 26, 2025CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
 (In millions)
Cash$1,419 $— $— $1,419 
Cash equivalents:
Money market funds*
2,193 — — 2,193 
Bank certificates of deposit and time deposits180 — — 180 
U.S. Treasury and agency securities1,196 — — 1,196 
Municipal securities5 — — 5 
Commercial paper, corporate bonds and medium-term notes2,248 — — 2,248 
Total cash equivalents5,822 — — 5,822 
Total cash and cash equivalents$7,241 $— $— $7,241 
Short-term and long-term investments:
Bank certificates of deposit and time deposits$4 $— $— $4 
U.S. Treasury and agency securities1,229 3 — 1,232 
Non-U.S. government securities**
5 — — 5 
Municipal securities463 5 — 468 
Commercial paper, corporate bonds and medium-term notes848 6 — 854 
Asset-backed and mortgage-backed securities614 4 2 616 
      Total fixed income securities3,163 18 2 3,179 
Publicly traded equity securities1,288 824 2 2,110 
Equity investments in privately held companies342 74 46 370 
      Total equity investments1,630 898 48 2,480 
Total short-term and long-term investments$4,793 $916 $50 $5,659 
Total cash, cash equivalents and investments$12,034 $916 $50 $12,900 
 _________________________
*Excludes $71 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.
**Includes Canadian provincial government debt.
October 27, 2024CostGross
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 deposits90 — — 90 
U.S. Treasury and agency securities1,394 — — 1,394 
Municipal securities19 — — 19 
Commercial paper, corporate bonds and medium-term notes1,785 — — 1,785 
Total cash equivalents6,709 — — 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 securities1,306 — 2 1,304 
Non-U.S. government securities**
5 — — 5 
Municipal securities441 2 2 441 
Commercial paper, corporate bonds and medium-term notes803 4 2 805 
Asset-backed and mortgage-backed securities656 3 5 654 
      Total fixed income securities3,224 9 11 3,222 
Publicly traded equity securities543 185 5 723 
Equity investments in privately held companies255 58 22 291 
       Total equity investments798 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.
 
During fiscal 2025, 2024 and 2023, interest income from our cash, cash equivalents and fixed income securities was $406 million, $486 million and $262 million, respectively.

Maturities of Investments
The following table summarizes the contractual maturities of our investments as of October 26, 2025:
 
CostEstimated Fair Value
 (In millions)
Due in one year or less$1,275 $1,276 
Due after one through five years1,274 1,287 
No single maturity date*2,244 3,096 
Total$4,793 $5,659 
 _________________________
*Securities with no single maturity date include publicly traded and privately held equity securities and asset-backed and mortgage-backed securities.
 
Gains and Losses on Investments 
At October 26, 2025, gross unrealized losses related to our fixed income portfolio were not material. We regularly review our fixed income portfolio to identify and evaluate investments that have indications of possible impairment from credit losses or other factors. Factors considered in determining whether an unrealized loss is considered to be a credit loss include: the significance of the decline in value compared to the cost basis; the financial condition, credit quality and near-term prospects of the investee; and whether it is more likely than not that we will be required to sell the security prior to recovery. Credit losses related to available-for-sale debt securities are recorded as an allowance for credit losses through interest and other income (expense), net. Any additional changes in fair value that are not related to credit losses are recognized in accumulated other comprehensive income (loss).
During fiscal 2025, 2024 and 2023, gross realized gains and losses related to our fixed income portfolio were not material.
During fiscal 2025, 2024 and 2023, we did not recognize material credit losses and the ending allowance for credit losses was not material.
The components of gain (loss) on equity investments recognized in the Consolidated Statements of Operations for each fiscal year were as follows:
202520242023
(In millions)
Publicly traded equity securities
Unrealized gain$887 $332 $193 
Unrealized loss(139)(287)(44)
Realized gain on sales and dividends91 5 9
Realized loss on sales or impairment— (1)(4)
Equity investments in privately held companies
Unrealized gain20 3 15
Unrealized loss(13)(17)(30)
Realized gain on sales and dividends10 4 9
Realized loss on sales or impairment(35)(19)(121)
Total gain (loss) on equity investments, net$821 $20 $27