Fair Value Measurements (Tables)

9 Months Ended

Sep. 01, 2023

The fair value of our financial assets and liabilities at September 1, 2023 was determined using the following inputs:


(in millions)	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:


Money market funds	$	5,972	$	5,972	$	—	$	—




Short-term investments:
Asset-backed securities	23		—		23		—
Corporate debt securities	552		—		552		—




U.S. agency securities	33		—		33		—
U.S. Treasury securities	307		—		307		—
Prepaid expenses and other current assets:
Foreign currency derivatives	82		—		82		—

Other assets:
Deferred compensation plan assets	199		199		—		—

Total assets	$	7,168	$	6,171	$	997	$	—


Liabilities:
Accrued expenses:

Foreign currency derivatives	$	8	$	—	$	8	$	—

The fair value of our financial assets and liabilities at December 2, 2022 was determined using the following inputs:


(in millions)	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:
Corporate debt securities	$	39	$	—	$	39	$	—
Money market funds	3,479		3,479		—		—

Time deposits	61		61		—		—

Short-term investments:
Asset-backed securities	97		—		97		—
Corporate debt securities	1,266		—		1,266		—
Foreign government securities	5		—		5		—

Municipal securities	24		—		24		—
U.S. agency securities	34		—		34		—
U.S. Treasury securities	434		—		434		—
Prepaid expenses and other current assets:
Foreign currency derivatives	51		—		51		—
Other assets:
Deferred compensation plan assets	160		160		—		—

Total assets	$	5,650	$	3,700	$	1,950	$	—


Liabilities:
Accrued expenses:

Foreign currency derivatives	$	15	$	—	$	15	$	—