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Cash, Cash Equivalents and Short-Term Investments (Tables)
12 Months Ended
Nov. 29, 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 November 29, 2024:
(in millions)
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Current assets:    
Cash$787 $— $— $787 
Cash equivalents:
Corporate debt securities41 — — 41 
Money market funds6,726 — — 6,726 
Time deposits57 — — 57 
U.S. Treasury securities— — 
Total cash equivalents6,826 — — 6,826 
Total cash and cash equivalents7,613 — — 7,613 
Short-term fixed income securities:
Asset-backed securities— — 
Corporate debt securities120 — — 120 
U.S. agency securities11 — — 11 
U.S. Treasury securities139 — (1)138 
Total short-term investments274 — (1)273 
Total cash, cash equivalents and short-term investments$7,887 $— $(1)$7,886 
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 funds6,498 — — 6,498 
Time deposits25 — — 25 
Total cash equivalents6,523 — — 6,523 
Total cash and cash equivalents7,141 — — 7,141 
Short-term fixed income securities: 
Asset-backed securities15 — — 15 
Corporate debt securities438 — (4)434 
U.S. agency securities13 — (1)12 
U.S. Treasury securities247 — (7)240 
Total short-term investments713 — (12)701 
Total cash, cash equivalents and short-term investments$7,854 $— $(12)$7,842 
Estimated Fair Value of 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 November 29, 2024:
(in millions)
Estimated
Fair Value
Due within one year$269 
Due between one and two years
Total$273