XML 36 R19.htm IDEA: XBRL DOCUMENT
v3.20.4

MARKETABLE SECURITIES | 12 Months Ended
--- | ---
Nov. 01, 2020
MARKETABLE SECURITIES |
MARKETABLE SECURITIES | 12. MARKETABLE SECURITIES All marketable securities are classified as available-for-sale. Prior to 2019, all unrealized gains and losses on marketable securities were shown as a component of stockholders’ equity. Beginning in 2019 with the adoption of ASU No. 2016-01, unrealized gains and losses on equity securities are shown as a component of net income. Realized gains or losses from the sales of marketable securities are based on the specific identification method. The amortized cost and fair value of marketable securities at November 1, 2020 and November 3, 2019 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Gross |  | Gross |  | ​ | ​ |
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair |
​ | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Value |
2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. equity fund | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 62 | ​
International equity securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2 | ​
Total equity securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 64 | ​
U.S. government debt securities | ​ | $ | 159 | ​ | $ | 10 | ​ | $ | 1 | ​ |  | 168 | ​
Municipal debt securities | ​ |  | 63 | ​ |  | 5 | ​ | ​ | ​ | ​ |  | 68 | ​
Corporate debt securities | ​ |  | 173 | ​ |  | 15 | ​ | ​ | ​ | ​ |  | 188 | ​
International debt securities | ​ | ​ | 9 | ​ | ​ | ​ | ​ | ​ | 3 | ​ | ​ | 6 | ​
Mortgage-backed securities* | ​ |  | 140 | ​ |  | 7 | ​ |  | ​ | ​ |  | 147 | ​
Total debt securities | ​ | $ | 544 | ​ | $ | 37 | ​ | $ | 4 | ​ | ​ | 577 | ​
Marketable securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 641 | ​
2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity fund | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 59 | ​
Total equity securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 59 | ​
U.S. government debt securities | ​ | $ | 128 | ​ | $ | 4 | ​ | $ | 1 | ​ |  | 131 | ​
Municipal debt securities | ​ |  | 57 | ​ |  | 3 | ​ | ​ | ​ | ​ |  | 60 | ​
Corporate debt securities | ​ |  | 157 | ​ |  | 8 | ​ | ​ | ​ | ​ |  | 165 | ​
International debt securities | ​ | ​ | 9 | ​ | ​ | ​ | ​ | ​ | 3 | ​ | ​ | 6 | ​
Mortgage-backed securities* | ​ |  | 155 | ​ |  | 5 | ​ |  | ​ | ​ |  | 160 | ​
Total debt securities | ​ | $ | 506 | ​ | $ | 20 | ​ | $ | 4 | ​ | ​ | 522 | ​
Marketable securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 581 | ​
* Primarily issued by U.S. government sponsored enterprises. ​ Equity Securities Proceeds and realized gains on equity securities sold during 2020, 2019, and 2018 were not material. Unrealized gains on equity securities during 2020 and 2019 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 |  | 2019 | ​
Net gain recognized on equity securities |  | $ | 8 | ​ | $ | 7 | ​
Less: Net gain on equity securities sold | ​ | ​ | 1 | ​ | ​ | ​ | ​
Unrealized gains on equity securities | ​ | $ | 7 | ​ | $ | 7 | ​
​ Debt Securities The contractual maturities of debt securities at November 1, 2020 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Amortized |  | Fair |
​ |  | Cost |  | Value | ​
Due in one year or less | ​ | $ | 18 | ​ | $ | 18 | ​
Due after one through five years | ​ |  | 90 | ​ |  | 94 | ​
Due after five through 10 years | ​ |  | 113 | ​ |  | 121 | ​
Due after 10 years | ​ |  | 183 | ​ |  | 197 | ​
Mortgage-backed securities | ​ |  | 140 | ​ |  | 147 | ​
Debt securities | ​ | $ | 544 | ​ | $ | 577 | ​
​ Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Because of the potential for prepayment on mortgage-backed securities, they are not categorized by contractual maturity. Proceeds from the sales of debt securities were $28 million in 2020, $31 million in 2019, and $40 million in 2018. Realized gains, realized losses, the increase (decrease) in net unrealized gains or losses, and unrealized losses that have been continuous for over twelve months were not significant in 2020, 2019, and 2018. Unrealized losses at November 1, 2020 and November 3, 2019 were not recognized in income due to the ability and intent to hold to maturity. There were no significant impairment write-downs in the periods reported.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration