Cash, Cash Equivalents and Short-Term Investments (Tables)

3 Months Ended

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