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

9 Months Ended

Aug. 30, 2024

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 August 30, 2024:

(in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	571	$	—	$	—	$	571
Cash equivalents:
Money market funds	6,622		—		—		6,622
Total cash and cash equivalents	7,193		—		—		7,193
Short-term fixed income securities:
Asset-backed securities	6		—		—		6
Corporate debt securities	146		—		(1)		145
U.S. agency securities	13		—		—		13
U.S. Treasury securities	159		—		(1)		158
Total short-term investments	324		—		(2)		322
Total cash, cash equivalents and short-term investments	$	7,517	$	—	$	(2)	$	7,515

Cash, cash equivalents and short-term investments consisted of the following as of December 1, 2023:

(in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	618	$	—	$	—	$	618
Cash equivalents:
Money market funds	6,498		—		—		6,498
Time deposits	25		—		—		25
Total cash equivalents	6,523		—		—		6,523
Total cash and cash equivalents	7,141		—		—		7,141
Short-term fixed income securities:
Asset-backed securities	15		—		—		15
Corporate debt securities	438		—		(4)		434
U.S. agency securities	13		—		(1)		12
U.S. Treasury securities	247		—		(7)		240
Total short-term investments	713		—		(12)		701
Total cash, cash equivalents and short-term investments	$	7,854	$	—	$	(12)	$	7,842

Estimated Fair Value of Short-Term Fixed Income 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 August 30, 2024:

(in millions)	Estimated Fair Value
Due within one year	$	308
Due between one and two years	14
Total	$	322