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Cash, Cash Equivalents and Short-Term Investments
 12 Months Ended
Dec. 02, 2022
Cash, Cash Equivalents, and Short-term Investments [Abstract]  
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Cash equivalents consist of highly liquid marketable securities with remaining maturities of three months or less at the date of purchase. We classify our investments in marketable debt securities as “available-for-sale.” We carry these investments at fair value, based on quoted market prices or other readily available market information. Unrealized gains and unrealized non-credit-related losses of marketable debt securities are included in accumulated other comprehensive income, net of taxes, in our Consolidated Balance Sheets. Unrealized credit-related losses are recorded to other income (expense), net in our Consolidated Statements of Income with a corresponding allowance for credit-related losses in our Consolidated Balance Sheets. Gains and losses are determined using the specific identification method and recognized when realized in our Consolidated Statements of Income.
Cash, cash equivalents and short-term investments consisted of the following as of December 2, 2022:
 (in millions)
Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Estimated
Fair Value
Current assets:    
Cash$657 $— $— $657 
Cash equivalents:
Corporate debt securities39 — — 39 
Money market funds3,479 — — 3,479 
Time deposits61 — — 61 
Total cash equivalents3,579 — — 3,579 
Total cash and cash equivalents4,236 — — 4,236 
Short-term fixed income securities:
Asset-backed securities98 — (1)97 
Corporate debt securities1,290 — (24)1,266 
Foreign government securities5 — — 5 
Municipal securities24 — — 24 
U.S. agency securities34 — — 34 
U.S. Treasury securities450 — (16)434 
Total short-term investments1,901 — (41)1,860 
Total cash, cash equivalents and short-term investments$6,137 $— $(41)$6,096 
Cash, cash equivalents and short-term investments consisted of the following as of December 3, 2021:
 (in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Estimated
Fair Value
Current assets:    
Cash$750 $— $— $750 
Cash equivalents:  
Corporate debt securities5 — — 5 
Money market funds2,914 — — 2,914 
Time deposits175 — — 175 
Total cash equivalents3,094 — — 3,094 
Total cash and cash equivalents3,844 — — 3,844 
Short-term fixed income securities: 
Asset-backed securities124 — — 124 
Corporate debt securities1,426 2 (3)1,425 
Municipal securities28 — — 28 
U.S. Treasury securities378 — (1)377 
Total short-term investments1,956 2 (4)1,954 
Total cash, cash equivalents and short-term investments$5,800 $2 $(4)$5,798 
The following table summarizes the estimated fair value of short-term fixed income debt securities classified as short-term investments based on stated effective maturities as of December 2, 2022:
 (in millions)Estimated
Fair Value
Due within one year$989 
Due between one and two years614 
Due between two and three years248 
Due after three years9 
Total$1,860 
We review our debt securities classified as short-term investments on a regular basis for impairment. For debt securities in unrealized loss positions, we determine whether any portion of the decline in fair value below the amortized cost basis is due to credit-related factors if we neither intend to sell nor anticipate that it is more likely than not that we will be required to sell prior to recovery of the amortized cost basis. We consider factors such as the extent to which the market value has been less than the cost, any noted failure of the issuer to make scheduled payments, changes to the rating of the security and other relevant credit-related factors in determining whether or not a credit loss exists. During fiscal 2022 and 2021, we did not recognize an allowance for credit-related losses on any of our investments.