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Cash, Cash Equivalents and Short-Term Investments (Tables) | 6 Months Ended
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Jun. 02, 2023
Cash, Cash Equivalents, and Short-Term Investments [Abstract] |
Cash Cash Equivalents and Short-Term Investments | Cash, cash equivalents and short-term investments consisted of the following as of June 2, 2023:
(in millions) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value
Current assets: |  |  |  |  |  |  |
Cash | $ | 638 |  |  | $ | — |  |  | $ | — |  |  | $ | 638 |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | 4,794 |  |  | — |  |  | — |  |  | 4,794 |
Time deposits | 24 |  |  | — |  |  | — |  |  | 24 |
Total cash equivalents | 4,818 |  |  | — |  |  | — |  |  | 4,818 |
Total cash and cash equivalents | 5,456 |  |  | — |  |  | — |  |  | 5,456 |
Short-term fixed income securities: |  |  |  |  |  |  |
Asset-backed securities | 42 |  |  | — |  |  | (1) |  |  | 41 |
Corporate debt securities | 714 |  |  | — |  |  | (10) |  |  | 704 |
Municipal securities | 11 |  |  | — |  |  | — |  |  | 11 |
U.S. agency securities | 35 |  |  | — |  |  | — |  |  | 35 |
U.S. Treasury securities | 365 |  |  | — |  |  | (11) |  |  | 354 |
Total short-term investments | 1,167 |  |  | — |  |  | (22) |  |  | 1,145 |
Total cash, cash equivalents and short-term investments | $ | 6,623 |  |  | $ | — |  |  | $ | (22) |  |  | $ | 6,601 |
Cash, cash equivalents and short-term investments consisted of the following as of December 2, 2022:
(in millions) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value
Current assets: |  |  |  |  |  |  |
Cash | $ | 657 |  |  | $ | — |  |  | $ | — |  |  | $ | 657 |
Cash equivalents: |  |  |  |  |  |  |
Corporate debt securities | 39 |  |  | — |  |  | — |  |  | 39 |
Money market funds | 3,479 |  |  | — |  |  | — |  |  | 3,479 |
Time deposits | 61 |  |  | — |  |  | — |  |  | 61 |
Total cash equivalents | 3,579 |  |  | — |  |  | — |  |  | 3,579 |
Total cash and cash equivalents | 4,236 |  |  | — |  |  | — |  |  | 4,236 |
Short-term fixed income securities: |  |  |  |  |  |  |
Asset-backed securities | 98 |  |  | — |  |  | (1) |  |  | 97 |
Corporate debt securities | 1,290 |  |  | — |  |  | (24) |  |  | 1,266 |
Foreign government securities | 5 |  |  | — |  |  | — |  |  | 5 |
Municipal securities | 24 |  |  | — |  |  | — |  |  | 24 |
U.S. agency securities | 34 |  |  | — |  |  | — |  |  | 34 |
U.S. Treasury securities | 450 |  |  | — |  |  | (16) |  |  | 434 |
Total short-term investments | 1,901 |  |  | — |  |  | (41) |  |  | 1,860 |
Total cash, cash equivalents and short-term investments | $ | 6,137 |  |  | $ | — |  |  | $ | (41) |  |  | $ | 6,096 |
Estimated Fair Value of Short-Term Fixed Income Debt Securities | The following table summarizes the estimated fair value of short-term fixed income debt securities classified as short-term investments based on stated effective maturities as of June 2, 2023:
(in millions) |  |  | Estimated Fair Value
Due within one year |  |  | $ | 708 |
Due between one and two years |  |  | 371 |
Due between two and three years |  |  | 63 |
Due after three years |  |  | 3 |
Total |  |  | $ | 1,145 |

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