FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Apr. 30, 2022

Schedule of the Fair Value of Assets and Liabilities Recorded on a Recurring Basis

As of the date indicated, the following table summarizes the assets and liabilities that are recorded at fair value on a recurring basis (in thousands):


	April 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	607,553	$	—	$	—	$	607,553
Bond mutual fund	100,428		—		—		100,428
Time deposits	133,544		—		—		133,544
Deferred compensation plan assets	13,274		—		—		13,274
U.S. government obligations	—		616,694		—		616,694

Foreign currency forward contracts	—		5,867		—		5,867


Total assets measured at fair value	$	854,799	$	622,561	$	—	$	1,477,360

Liabilities:
Foreign currency forward contracts	$	—	$	5,281	$	—	$	5,281
Forward starting interest rate swaps	—		1,465		—		1,465

Total liabilities measured at fair value	$	—	$	6,746	$	—	$	6,746


	October 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	1,120,851	$	—	$	—	$	1,120,851
Bond mutual fund	75,425		—		—		75,425
Time deposits	30,036		—		—		30,036
Deferred compensation plan assets	12,968		—		—		12,968
U.S. government obligations	—		251,521		—		251,521

Foreign currency forward contracts	—		14,935		—		14,935


Total assets measured at fair value	$	1,239,280	$	266,456	$	—	$	1,505,736

Liabilities:
Foreign currency forward contracts	$	—	$	716	$	—	$	716

Forward starting interest rate swaps	—		15,928		—		15,928
Total liabilities measured at fair value	$	—	$	16,644	$	—	$	16,644

Schedule of Assets and Liabilities as Presented on Ciena's Condensed Consolidated Balance Sheets

As of the date indicated, the assets and liabilities above are presented on Ciena’s Condensed Consolidated Balance Sheets as follows (in thousands):


	April 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	841,525	$	—	$	—	$	841,525
Short-term investments	—		529,552		—		529,552
Prepaid expenses and other	—		5,867		—		5,867
Long-term investments	—		87,142		—		87,142
Other long-term assets	13,274		—		—		13,274
Total assets measured at fair value	$	854,799	$	622,561	$	—	$	1,477,360

Liabilities:
Accrued liabilities and other short-term obligations	$	—	$	5,281	$	—	$	5,281
Other long-term obligations	—		1,465		—		1,465
Total liabilities measured at fair value	$	—	$	6,746	$	—	$	6,746


	October 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	1,226,312	$	—	$	—	$	1,226,312
Short-term investments	—		181,483		—		181,483
Prepaid expenses and other	—		14,935		—		14,935
Long-term investments	—		70,038		—		70,038
Other long-term assets	12,968		—		—		12,968
Total assets measured at fair value	$	1,239,280	$	266,456	$	—	$	1,505,736

Liabilities:
Accrued liabilities and other short-term obligations	$	—	$	716	$	—	$	716

Other long-term obligations	—		15,928		—		15,928
Total liabilities measured at fair value	$	—	$	16,644	$	—	$	16,644