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MARKETABLE SECURITIES

12 Months Ended

Oct. 27, 2024

MARKETABLE SECURITIES

MARKETABLE SECURITIES

10. MARKETABLE SECURITIES

Most marketable securities are classified as available-for-sale. Realized gains or losses are based on specific identification.

The amortized cost and fair value of marketable securities at the end of 2024 and 2023 follow:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross

Gross

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

​

Cost

​

Gains

​

Losses

​

Value

2024

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate debt securities

​

$

445

​

$

1

​

$

23

​

$

423

​

International debt securities

​

​

169

​

​

​

​

​

26

​

​

143

​

Mortgage-backed securities*

​

193

​

​

​

​

28

​

165

​

Municipal debt securities

​

78

​

​

1

​

​

5

​

74

​

U.S. government debt securities

​

​

377

​

​

​

​

​

28

​

349

​

Total debt securities

​

$

1,262

​

$

2

​

$

110

​

​

1,154

​

Marketable securities

​

​

​

​

​

​

​

​

​

​

$

1,154

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2023

​

​

​

​

​

​

​

​

​

​

​

​

​

International equity securities

​

​

​

​

​

​

​

​

​

​

$

3

​

International mutual funds securities

​

​

​

​

​

​

​

​

​

​

​

101

​

U.S. equity fund

​

​

​

​

​

​

​

​

​

​

​

86

​

U.S. fixed income fund

​

​

​

​

​

​

​

​

​

​

​

32

​

Total equity securities

​

​

​

​

​

​

​

​

​

​

​

222

​

Corporate debt securities

​

$

285

​

​

​

​

$

41

​

244

​

International debt securities

​

​

5

​

​

​

​

​

4

​

​

1

​

Mortgage-backed securities*

​

225

​

​

​

​

40

​

185

​

Municipal debt securities

​

87

​

​

​

​

​

12

​

75

​

U.S. government debt securities

​

​

260

​

​

​

​

​

41

​

219

​

Total debt securities

​

$

862

​

​

​

​

$

138

​

​

724

​

Marketable securities

​

​

​

​

​

​

​

​

​

​

$

946

​

*    Primarily issued by U.S. government-sponsored enterprises.

​

The purchases, maturities, and sale proceeds for marketable securities during 2024, 2023, and 2022 follow:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	2024			2023			2022		​
Purchases	​	$	1,055	​	$	491	​	$	250	​
Maturities and sale proceeds	​	​	832	​	​	186	​	​	79	​

​

Equity Securities

Unrealized gain (loss) on equity securities during 2024 and 2023 follow:

​

​	​	​	​	​	​	​	​
​	​	2024			2023		​
Net gain recognized on equity securities	​	$	88	​	​	​	​
Less: Net gain (loss) on equity securities sold	​	​	88	​	$	(1)	​
Unrealized gain on equity securities	​	$	​	​	$	1	​

​

​

Debt Securities

The contractual maturities of available-for-sale debt securities at October 27, 2024 follow:

​

​	​	​	​	​	​	​	​
​		Amortized			Fair
​		Cost			Value		​
Due in one year or less	​	$	28	​	$	27	​
Due after one through five years	​		386	​		356	​
Due after five through 10 years	​		456	​		435	​
Due after 10 years	​		199	​		171	​
Mortgage-backed securities	​		193	​		165	​
Debt securities	​	$	1,262	​	$	1,154	​

​

Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Mortgage-backed securities contain prepayment provisions and are not categorized by contractual maturity.

Proceeds of available-for-sale debt securities sold or matured during 2024, 2023, and 2022 were $619, $37, and $74, respectively. Realized gains and losses on debt securities were not material in 2024, 2023, and 2022.

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- References

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/940-320/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph b
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/942-320/tableOfContent

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