Fair Value (Tables)

Assets and liabilities measured at fair value on a recurring basis as of October 29, 2016 and July 30, 2016 were as follows (in millions):



	OCTOBER 29, 2016 FAIR VALUE MEASUREMENTS								JULY 30, 2016 FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Level 3		Total Balance		Level 1		Level 2		Level 3		Total Balance
Assets:
Cash equivalents:
Money market funds	$	6,749	$	—	$	—	$	6,749	$	6,049	$	—	$	—	$	6,049
Corporate debt securities	—		—		—		—		—		43		—		43
Available-for-sale investments:
U.S. government securities	—		25,896		—		25,896		—		26,544		—		26,544
U.S. government agency securities	—		2,622		—		2,622		—		2,817		—		2,817
Non-U.S. government and agency securities	—		1,104		—		1,104		—		1,100		—		1,100
Corporate debt securities	—		29,163		—		29,163		—		24,292		—		24,292
U.S. agency mortgage-backed securities	—		2,083		—		2,083		—		1,868		—		1,868
Publicly traded equity securities	1,517		—		—		1,517		1,504		—		—		1,504
Derivative assets	—		292		—		292		—		384		1		385
Total	$	8,266	$	61,160	$	—	$	69,426	$	7,553	$	57,048	$	1	$	64,602
Liabilities:
Derivative liabilities	$	—	$	85	$	—	$	85	$	—	$	54	$	—	$	54
Total	$	—	$	85	$	—	$	85	$	—	$	54	$	—	$	54

The following table presents the Company’s assets that were measured at fair value on a nonrecurring basis during the indicated periods and the related recognized gains and losses for the periods indicated (in millions):



	TOTAL GAINS (LOSSES) FOR THE THREE MONTHS ENDED
	October 29, 2016			October 24, 2015
Investments in privately held companies (impaired)	$	(47	)	$	(17	)
Purchased intangible assets (impaired)	(42		)	—
Total gains (losses) for nonrecurring measurements	$	(89	)	$	(17	)