XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.25.3

Cash Equivalents and Marketable Securities | 9 Months Ended
--- | ---
Oct. 26, 2025
Investments, Debt and Equity Securities [Abstract] |
Cash Equivalents and Marketable Securities | Cash Equivalents and Marketable Securities The fair values of our financial assets are determined using quoted market prices of identical assets or market prices of similar assets from active markets. We review fair value classification on a quarterly basis. The following is a summary of cash equivalents and marketable securities:
| Oct 26, 2025
| Pricing Category | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Estimated Fair Value |  | Reported as
|  |  |  |  | Cash Equivalents |  | Marketable Securities
|  | (In millions)
Debt securities issued by the U.S. Treasury | Level 2 | $ | 22,032 |  |  | $ | 188 |  |  | $ | — |  |  | $ | 22,220 |  |  | $ | 665 |  |  | $ | 21,555 |
Corporate debt securities | Level 2 | 21,588 |  |  | 172 |  |  | (1) |  |  | 21,759 |  |  | 320 |  |  | 21,439 |
Money market funds | Level 1 | 8,610 |  |  | — |  |  | — |  |  | 8,610 |  |  | 8,610 |  |  | — |
Debt securities issued by U.S. government agencies | Level 2 | 2,206 |  |  | 12 |  |  | — |  |  | 2,218 |  |  | — |  |  | 2,218 |
Certificates of deposit | Level 2 | 104 |  |  | — |  |  | — |  |  | 104 |  |  | 104 |  |  | — |
Foreign government bonds | Level 2 | 40 |  |  | 1 |  |  | — |  |  | 41 |  |  | — |  |  | 41 |
Total debt securities with fair value adjustments recorded in other comprehensive income |  | 54,580 |  |  | 373 |  |  | (1) |  |  | 54,952 |  |  | 9,699 |  |  | 45,253 |
Publicly-held equity securities (1) | Level 1 |  |  |  |  |  |  | 3,869 |  |  | — |  |  | 3,869 |
Total |  | $ | 54,580 |  |  | $ | 373 |  |  | $ | (1) |  |  | $ | 58,821 |  |  | $ | 9,699 |  |  | $ | 49,122 |
(1) In the first quarter of fiscal year 2026, one investment was reclassified from non-marketable equity securities to marketable securities following public market trading. Publicly-held equity securities are subject to market price volatility. Net unrealized gains on investments in publicly-held equity securities held at period end were $670 million and $2.4 billion for the third quarter and first nine months of fiscal year 2026, respectively. Net unrealized gains on investments in publicly-held equity securities held at period end were not significant for the third quarter and first nine months of fiscal year 2025.
| Jan 26, 2025
| Pricing Category | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Estimated Fair Value |  | Reported as
|  |  |  |  | Cash Equivalents |  | Marketable Securities
|  | (In millions)
Corporate debt securities | Level 2 | $ | 18,504 |  |  | $ | 51 |  |  | $ | (29) |  |  | $ | 18,526 |  |  | $ | 2,071 |  |  | $ | 16,455 |
Debt securities issued by the U.S. Treasury | Level 2 | 16,749 |  |  | 42 |  |  | (22) |  |  | 16,769 |  |  | 1,801 |  |  | 14,968 |
Money market funds | Level 1 | 3,760 |  |  | — |  |  | — |  |  | 3,760 |  |  | 3,760 |  |  | — |
Debt securities issued by U.S. government agencies | Level 2 | 2,775 |  |  | 7 |  |  | (5) |  |  | 2,777 |  |  | — |  |  | 2,777 |
Foreign government bonds | Level 2 | 177 |  |  | — |  |  | — |  |  | 177 |  |  | 137 |  |  | 40 |
Certificates of deposit | Level 2 | 97 |  |  | — |  |  | — |  |  | 97 |  |  | 97 |  |  | — |
Total debt securities with fair value adjustments recorded in other comprehensive income |  | 42,062 |  |  | 100 |  |  | (56) |  |  | 42,106 |  |  | 7,866 |  |  | 34,240 |
Publicly-held equity securities | Level 1 |  |  |  |  |  |  | 381 |  |  | — |  |  | 381 |
Total |  | $ | 42,062 |  |  | $ | 100 |  |  | $ | (56) |  |  | $ | 42,487 |  |  | $ | 7,866 |  |  | $ | 34,621 |
The following table provides the breakdown of unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:
| Oct 26, 2025 |  | Jan 26, 2025
| Less than 12 Months |  |  |  |  |  | Less than 12 Months |  |  |  |
| Estimated Fair Value |  | Gross Unrealized Loss |  |  |  |  |  |  |  |  |  | Estimated Fair Value |  | Gross Unrealized Loss |  |  |  |  |  |  |  |
| (In millions)
Debt securities issued by the U.S. Treasury | $ | 1,223 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  | $ | 6,315 |  |  | $ | (22) |  |  |  |  |  |  |  |  |
Corporate debt securities | 899 |  |  | (1) |  |  |  |  |  |  |  |  |  |  | 5,291 |  |  | (29) |  |  |  |  |  |  |  |  |
Debt securities issued by U.S. government agencies | 75 |  |  | — |  |  |  |  |  |  |  |  |  |  | 816 |  |  | (5) |  |  |  |  |  |  |  |  |
Total | $ | 2,197 |  |  | $ | (1) |  |  |  |  |  |  |  |  |  |  | $ | 12,422 |  |  | $ | (56) |  |  |  |  |  |  |  |  |
Gross unrealized losses related to debt securities in a continuous loss position of twelve months or greater, with balances of $337 million and $213 million as of October 26, 2025 and January 26, 2025, respectively, were not significant. Gross unrealized losses are related to fixed income securities, driven primarily by changes in interest rates. The estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
| Oct 26, 2025
| (In millions)
Less than one year | $ | 21,848 |
Due in 1 - 5 years | 33,104 |
Total | $ | 54,952 |

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration