XML 84 R26.htm IDEA: XBRL DOCUMENT
v3.20.1

Cash, Cash Equivalents and Investments (Tables) | 6 Months Ended
--- | ---
Apr. 26, 2020
Cash and Cash Equivalents [Abstract] |
Summary of cash, cash equivalents and investments | The following tables summarize Applied’s cash, cash equivalents and investments:
April 26, 2020 | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In millions) |  |  |  |  |  |
Cash | $ | 1,029 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,029 |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | 4,231 |  |  | — |  |  | — |  |  | 4,231 |
Commercial paper, corporate bonds and medium-term notes | 21 |  |  | — |  |  | — |  |  | 21 |
Total Cash equivalents | 4,252 |  |  | — |  |  | — |  |  | 4,252 |
Total Cash and Cash equivalents | $ | 5,281 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,281 |
Short-term and long-term investments: |  |  |  |  |  |  |
U.S. Treasury and agency securities | $ | 380 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 386 |
Non-U.S. government securities* | 4 |  |  | — |  |  | — |  |  | 4 |
Municipal securities | 397 |  |  | 5 |  |  | — |  |  | 402 |
Commercial paper, corporate bonds and medium-term notes | 555 |  |  | 5 |  |  | 3 |  |  | 557 |
Asset-backed and mortgage-backed securities | 594 |  |  | 7 |  |  | 4 |  |  | 597 |
Total fixed income securities | 1,930 |  |  | 23 |  |  | 7 |  |  | 1,946 |
Publicly traded equity securities | 11 |  |  | 31 |  |  | 4 |  |  | 38 |
Equity investments in privately-held companies | 104 |  |  | 18 |  |  | 5 |  |  | 117 |
Total equity investments | 115 |  |  | 49 |  |  | 9 |  |  | 155 |
Total short-term and long-term investments | $ | 2,045 |  |  | $ | 72 |  |  | $ | 16 |  |  | $ | 2,101 |
Total Cash, Cash equivalents and Investments | $ | 7,326 |  |  | $ | 72 |  |  | $ | 16 |  |  | $ | 7,382 |
_________________________ * Includes agency debt securities guaranteed by Canada.
October 27, 2019 | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In millions) |  |  |  |  |  |
Cash | $ | 1,071 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,071 |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | 1,677 |  |  | — |  |  | — |  |  | 1,677 |
U.S. Treasury and agency securities | 4 |  |  | — |  |  | — |  |  | 4 |
Commercial paper, corporate bonds and medium-term notes | 377 |  |  | — |  |  | — |  |  | 377 |
Total Cash equivalents | 2,058 |  |  | — |  |  | — |  |  | 2,058 |
Total Cash and Cash equivalents | $ | 3,129 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,129 |
Short-term and long-term investments: |  |  |  |  |  |  |
U.S. Treasury and agency securities | $ | 336 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 337 |
Non-U.S. government securities* | 10 |  |  | — |  |  | — |  |  | 10 |
Municipal securities | 402 |  |  | 4 |  |  | — |  |  | 406 |
Commercial paper, corporate bonds and medium-term notes | 642 |  |  | 5 |  |  | — |  |  | 647 |
Asset-backed and mortgage-backed securities | 631 |  |  | 4 |  |  | — |  |  | 635 |
Total fixed income securities | 2,021 |  |  | 14 |  |  | — |  |  | 2,035 |
Publicly traded equity securities | 8 |  |  | 40 |  |  | 3 |  |  | 45 |
Equity investments in privately-held companies | 105 |  |  | 10 |  |  | 3 |  |  | 112 |
Total equity investments | 113 |  |  | 50 |  |  | 6 |  |  | 157 |
Total short-term and long-term investments | $ | 2,134 |  |  | $ | 64 |  |  | $ | 6 |  |  | $ | 2,192 |
Total Cash, Cash equivalents and Investments | $ | 5,263 |  |  | $ | 64 |  |  | $ | 6 |  |  | $ | 5,321 |
_________________________ * Includes agency debt securities guaranteed by Canada.
Contractual maturities of investments | The following table summarizes the contractual maturities of Applied’s investments as of April 26, 2020:
| Cost |  | Estimated Fair Value
| (In millions) |  |
Due in one year or less | $ | 378 |  |  | $ | 380 |
Due after one through five years | 958 |  |  | 969 |
No single maturity date** | 709 |  |  | 752 |
Total | $ | 2,045 |  |  | $ | 2,101 |
_________________________ ** Securities with no single maturity date include publicly-traded and privately-held equity securities and asset-backed and mortgage-backed securities.
Equity Securities, FV-NI | The components of gain (loss) on equity investments for the three and six months ended April 26, 2020 and April 28, 2019 were as follows:
| Three Months Ended |  |  |  | Six Months Ended |  |
| April 26, 2020 |  | April 28, 2019 |  | April 26, 2020 |  | April 28, 2019
| (In millions) |  |  |  |  |  |
Publicly traded equity securities |  |  |  |  |  |  |
Unrealized gain | $ | 3 |  |  | $ | 7 |  |  | $ | 5 |  |  | $ | 13 |
Unrealized loss | (12) |  |  | (1) |  |  | (15) |  |  | (3) |
Realized gain on sales | — |  |  | 1 |  |  | — |  |  | 2 |
Equity investments in privately-held companies |  |  |  |  |  |  |
Unrealized gain | 9 |  |  | 2 |  |  | 9 |  |  | 9 |
Unrealized loss | (2) |  |  | (2) |  |  | (3) |  |  | (3) |
Realized gain on sales or other | 1 |  |  | 4 |  |  | 1 |  |  | 5 |
Realized loss on sales or impairment | (6) |  |  | — |  |  | (8) |  |  | — |
Total gain (loss) on equity investments, net | $ | (7) |  |  | $ | 11 |  |  | $ | (11) |  |  | $ | 23 |

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

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration