XML 37 R17.htm IDEA: XBRL DOCUMENT
v3.22.2.2

MARKETABLE SECURITIES | 12 Months Ended
--- | ---
Oct. 30, 2022
MARKETABLE SECURITIES |
MARKETABLE SECURITIES | 10. MARKETABLE SECURITIES All marketable securities are classified as available-for-sale. 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 October 30, 2022 and October 31, 2021 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Gross |  | Gross |  | ​ | ​ |
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair |
​ | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Value |
2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. equity fund | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 70 | ​
International equity securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 3 | ​
Total equity securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 73 | ​
U.S. government debt securities | ​ | $ | 220 | ​ | ​ | ​ | ​ | $ | 37 | ​ |  | 183 | ​
Municipal debt securities | ​ |  | 74 | ​ |  | ​ | ​ | ​ | 11 | ​ |  | 63 | ​
Corporate debt securities | ​ |  | 236 | ​ |  | ​ | ​ | ​ | 36 | ​ |  | 200 | ​
International debt securities | ​ | ​ | 64 | ​ | ​ | ​ | ​ | ​ | 4 | ​ | ​ | 60 | ​
Mortgage-backed securities* | ​ |  | 186 | ​ |  | ​ | ​ |  | 31 | ​ |  | 155 | ​
Total debt securities | ​ | $ | 780 | ​ | ​ | ​ | ​ | $ | 119 | ​ | ​ | 661 | ​
Marketable securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 734 | ​
2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. equity fund | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 75 | ​
International equity securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2 | ​
Total equity securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 77 | ​
U.S. government debt securities | ​ | $ | 196 | ​ | $ | 5 | ​ | $ | 3 | ​ |  | 198 | ​
Municipal debt securities | ​ |  | 69 | ​ |  | 4 | ​ | ​ | ​ | ​ |  | 73 | ​
Corporate debt securities | ​ |  | 215 | ​ |  | 11 | ​ | ​ | 2 | ​ |  | 224 | ​
International debt securities | ​ | ​ | 5 | ​ | ​ | ​ | ​ | ​ | 3 | ​ | ​ | 2 | ​
Mortgage-backed securities* | ​ |  | 152 | ​ |  | 3 | ​ |  | 1 | ​ |  | 154 | ​
Total debt securities | ​ | $ | 637 | ​ | $ | 23 | ​ | $ | 9 | ​ | ​ | 651 | ​
Marketable securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 728 | ​
* Primarily issued by U.S. government sponsored enterprises. ​ During 2022, 2021, and 2020, purchases of marketable securities were $250 million, $194 million, and $130 million, respectively, while proceeds from the maturities and sales of marketable securities were $79 million, $109 million, and $93 million, respectively. Equity Securities Proceeds of equity securities sold during 2022, 2021, and 2020 were not material. Unrealized gain (loss) on equity securities during 2022 and 2021 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 |  | 2021 | ​
Net gain (loss) recognized on equity securities | ​ | $ | (11) | ​ | $ | 24 | ​
Less: Net gain on equity securities sold | ​ | ​ | ​ | ​ | ​ | 2 | ​
Unrealized gain (loss) on equity securities | ​ | $ | (11) | ​ | $ | 22 | ​
​ ​ Debt Securities The contractual maturities of debt securities at October 30, 2022 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Amortized |  | Fair |
​ |  | Cost |  | Value | ​
Due in one year or less | ​ | $ | 81 | ​ | $ | 81 | ​
Due after one through five years | ​ |  | 105 | ​ |  | 96 | ​
Due after five through 10 years | ​ |  | 196 | ​ |  | 166 | ​
Due after 10 years | ​ |  | 212 | ​ |  | 163 | ​
Mortgage-backed securities | ​ |  | 186 | ​ |  | 155 | ​
Debt securities | ​ | $ | 780 | ​ | $ | 661 | ​
​ 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, realized gains, realized losses, and unrealized losses that have been continuous for over twelve months were not significant in 2022, 2021, and 2020. Unrealized losses at October 30, 2022 and October 31, 2021 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 https://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 https://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 https://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 https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration