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Cash, Cash Equivalents and Investments (Tables) | 6 Months Ended
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Apr. 28, 2024
Cash and Cash Equivalents [Abstract] |
Schedule of Cash, Cash Equivalents and Investments | The following tables summarize our cash, cash equivalents and investments by security type:
April 28, 2024 | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In millions)
Cash | $ | 1,359 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,359 |
Cash equivalents: |  |  |  |  |  |  |
Money market funds* | 1,420 |  |  | — |  |  | — |  |  | 1,420 |
Bank certificates of deposit and time deposits | 42 |  |  | — |  |  | — |  |  | 42 |
U.S. Treasury and agency securities | 1,993 |  |  | — |  |  | — |  |  | 1,993 |
Municipal securities | 44 |  |  | — |  |  | — |  |  | 44 |
Commercial paper, corporate bonds and medium-term notes | 2,227 |  |  | — |  |  | — |  |  | 2,227 |
Total cash equivalents | 5,726 |  |  | — |  |  | — |  |  | 5,726 |
Total cash and cash equivalents | $ | 7,085 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,085 |
Short-term and long-term investments: |  |  |  |  |  |  |
Bank certificates of deposit and time deposits | $ | 19 |  |  | $ | — |  |  | $ | — |  |  | $ | 19 |
U.S. Treasury and agency securities | 401 |  |  | — |  |  | 5 |  |  | 396 |
Non-U.S. government securities** | 6 |  |  | — |  |  | — |  |  | 6 |
Municipal securities | 443 |  |  | — |  |  | 7 |  |  | 436 |
Commercial paper, corporate bonds and medium-term notes | 764 |  |  | 1 |  |  | 7 |  |  | 758 |
Asset-backed and mortgage-backed securities | 573 |  |  | 1 |  |  | 10 |  |  | 564 |
Total fixed income securities | 2,206 |  |  | 2 |  |  | 29 |  |  | 2,179 |
Publicly traded equity securities | 543 |  |  | 447 |  |  | 3 |  |  | 987 |
Equity investments in privately held companies | 231 |  |  | 74 |  |  | 16 |  |  | 289 |
Total equity investments | 774 |  |  | 521 |  |  | 19 |  |  | 1,276 |
Total short-term and long-term investments | $ | 2,980 |  |  | $ | 523 |  |  | $ | 48 |  |  | $ | 3,455 |
Total cash, cash equivalents and investments | $ | 10,065 |  |  | $ | 523 |  |  | $ | 48 |  |  | $ | 10,540 |
_________________________ *Excludes $90 million of restricted cash equivalents invested in money market funds related to deferred compensation plans. **Includes Canadian provincial government debt.
October 29, 2023 | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In millions)
Cash | $ | 1,417 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,417 |
Cash equivalents: |  |  |  |  |  |  |
Money market funds* | 3,260 |  |  | — |  |  | — |  |  | 3,260 |
Municipal securities | 26 |  |  | — |  |  | — |  |  | 26 |
Commercial paper, corporate bonds and medium-term notes | 1,429 |  |  | — |  |  | — |  |  | 1,429 |
Total cash equivalents | 4,715 |  |  | — |  |  | — |  |  | 4,715 |
Total cash and cash equivalents | $ | 6,132 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,132 |
Short-term and long-term investments: |  |  |  |  |  |  |
Bank certificates of deposit and time deposits | $ | 18 |  |  | $ | — |  |  | $ | — |  |  | $ | 18 |
U.S. Treasury and agency securities | 381 |  |  | — |  |  | 7 |  |  | 374 |
Non-U.S. government securities** | 7 |  |  | — |  |  | 1 |  |  | 6 |
Municipal securities | 438 |  |  | — |  |  | 11 |  |  | 427 |
Commercial paper, corporate bonds and medium-term notes | 760 |  |  | — |  |  | 12 |  |  | 748 |
Asset-backed and mortgage-backed securities | 502 |  |  | — |  |  | 15 |  |  | 487 |
Total fixed income securities | 2,106 |  |  | — |  |  | 46 |  |  | 2,060 |
Publicly traded equity securities | 543 |  |  | 171 |  |  | 16 |  |  | 698 |
Equity investments in privately held companies | 192 |  |  | 78 |  |  | 10 |  |  | 260 |
Total equity investments | 735 |  |  | 249 |  |  | 26 |  |  | 958 |
Total short-term and long-term investments | $ | 2,841 |  |  | $ | 249 |  |  | $ | 72 |  |  | $ | 3,018 |
Total cash, cash equivalents and investments | $ | 8,973 |  |  | $ | 249 |  |  | $ | 72 |  |  | $ | 9,150 |
_________________________ *Excludes $101 million of restricted cash equivalents invested in money market funds related to deferred compensation plans. **Includes Canadian provincial government debt.
Schedule of Contractual Maturities of Investments | The following table summarizes the contractual maturities of our investments as of April 28, 2024:
| Cost |  | Estimated Fair Value
| (In millions)
Due in one year or less | $ | 460 |  |  | $ | 456 |
Due after one through five years | 1,169 |  |  | 1,155 |
Due after five years | 4 |  |  | 4 |
No single maturity date* | 1,347 |  |  | 1,840 |
Total | $ | 2,980 |  |  | $ | 3,455 |
_________________________ *Securities with no single maturity date include publicly traded and privately held equity securities and asset-backed and mortgage-backed securities.
Schedule of Components of Gain (Loss) on Equity Investment | The components of gain (loss) on equity investments for the three and six months ended April 28, 2024 and April 30, 2023 were as follows:
| Three Months Ended |  | Six Months Ended
| April 28, 2024 |  | April 30, 2023 |  | April 28, 2024 |  | April 30, 2023
| (In millions)
Publicly traded equity securities |  |  |  |  |  |  |
Unrealized gain | $ | 25 |  |  | $ | 1 |  |  | $ | 312 |  |  | $ | 19 |
Unrealized loss | (1) |  |  | (11) |  |  | (3) |  |  | (27) |
Realized gain on sales and dividends | 2 |  |  | 1 |  |  | 2 |  |  | 1 |
Realized loss on sales or impairment | — |  |  | (1) |  |  | (1) |  |  | (2) |
Equity investments in privately held companies |  |  |  |  |  |  |
Unrealized gain | — |  |  | 8 |  |  | 1 |  |  | 12 |
Unrealized loss | (4) |  |  | (9) |  |  | (10) |  |  | (11) |
Realized gain on sales and dividends | 1 |  |  | — |  |  | 3 |  |  | 5 |
Realized loss on sales or impairment | — |  |  | (117) |  |  | — |  |  | (117) |
Total gain (loss) on equity investments, net | $ | 23 |  |  | $ | (128) |  |  | $ | 304 |  |  | $ | (120) |

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