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Cash, Cash Equivalents and Short-Term Investments (Tables) | 3 Months Ended
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Mar. 01, 2024
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 March 1, 2024:
(in millions) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value
Current assets: |  |  |  |  |  |  |
Cash | $ | 612 |  |  | $ | — |  |  | $ | — |  |  | $ | 612 |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | 5,642 |  |  | — |  |  | — |  |  | 5,642 |
Total cash and cash equivalents | 6,254 |  |  | — |  |  | — |  |  | 6,254 |
Short-term fixed income securities: |  |  |  |  |  |  |
Asset-backed securities | 11 |  |  | — |  |  | — |  |  | 11 |
Corporate debt securities | 337 |  |  | — |  |  | (2) |  |  | 335 |
U.S. agency securities | 13 |  |  | — |  |  | (1) |  |  | 12 |
U.S. Treasury securities | 213 |  |  | — |  |  | (5) |  |  | 208 |
Total short-term investments | 574 |  |  | — |  |  | (8) |  |  | 566 |
Total cash, cash equivalents and short-term investments | $ | 6,828 |  |  | $ | — |  |  | $ | (8) |  |  | $ | 6,820 |
Cash, cash equivalents and short-term investments consisted of the following as of December 1, 2023:
(in millions) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value
Current assets: |  |  |  |  |  |  |
Cash | $ | 618 |  |  | $ | — |  |  | $ | — |  |  | $ | 618 |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | 6,498 |  |  | — |  |  | — |  |  | 6,498 |
Time deposits | 25 |  |  | — |  |  | — |  |  | 25 |
Total cash equivalents | 6,523 |  |  | — |  |  | — |  |  | 6,523 |
Total cash and cash equivalents | 7,141 |  |  | — |  |  | — |  |  | 7,141 |
Short-term fixed income securities: |  |  |  |  |  |  |
Asset-backed securities | 15 |  |  | — |  |  | — |  |  | 15 |
Corporate debt securities | 438 |  |  | — |  |  | (4) |  |  | 434 |
U.S. agency securities | 13 |  |  | — |  |  | (1) |  |  | 12 |
U.S. Treasury securities | 247 |  |  | — |  |  | (7) |  |  | 240 |
Total short-term investments | 713 |  |  | — |  |  | (12) |  |  | 701 |
Total cash, cash equivalents and short-term investments | $ | 7,854 |  |  | $ | — |  |  | $ | (12) |  |  | $ | 7,842 |
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 March 1, 2024:
(in millions) |  |  | Estimated Fair Value
Due within one year |  |  | $ | 440 |
Due between one and two years |  |  | 123 |
Due between two and three years |  |  | 3 |
Total |  |  | $ | 566 |

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