Cash, Cash Equivalents and Short-Term Investments (Tables)

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 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 securities	39		—		—		39
Money market funds	3,479		—		—		3,479
Time deposits	61		—		—		61
Total cash equivalents	3,579		—		—		3,579
Total cash and cash equivalents	4,236		—		—		4,236
Short-term fixed income securities:
Asset-backed securities	98		—		(1)		97
Corporate debt securities	1,290		—		(24)		1,266
Foreign government securities	5		—		—		5
Municipal securities	24		—		—		24
U.S. agency securities	34		—		—		34
U.S. Treasury securities	450		—		(16)		434
Total short-term investments	1,901		—		(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 securities	5		—		—		5
Money market funds	2,914		—		—		2,914
Time deposits	175		—		—		175
Total cash equivalents	3,094		—		—		3,094
Total cash and cash equivalents	3,844		—		—		3,844
Short-term fixed income securities:
Asset-backed securities	124		—		—		124
Corporate debt securities	1,426		2		(3)		1,425
Municipal securities	28		—		—		28
U.S. Treasury securities	378		—		(1)		377
Total short-term investments	1,956		2		(4)		1,954
Total cash, cash equivalents and short-term investments	$	5,800	$	2	$	(4)	$	5,798

Estimated Fair Value of Debt Securities

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 years	614
Due between two and three years	248
Due after three years	9
Total	$	1,860