FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Nov. 02, 2024

Schedule of the Fair Value of Assets and Liabilities Recorded on a Recurring Basis

As of the dates indicated, the following tables summarize the fair value of assets and liabilities that were recorded at fair value on a recurring basis (in thousands):


	November 2, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	636,097	$	—	$	—	$	636,097
Bond mutual fund	112,703		—		—		112,703
Time deposits	92,804		—		—		92,804
Deferred compensation plan assets	16,519		—		—		16,519
U.S. government obligations	—		286,181		—		286,181
Corporate debt securities	—		111,143		—		111,143
Foreign currency forward contracts	—		2,149		—		2,149
Interest rate swaps	—		11,777		—		11,777
Total assets measured at fair value	$	858,123	$	411,250	$	—	$	1,269,373

Liabilities:
Foreign currency forward contracts	$	—	$	9,155	$	—	$	9,155

Total liabilities measured at fair value	$	—	$	9,155	$	—	$	9,155


	October 28, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	661,101	$	—	$	—	$	661,101
Bond mutual fund	104,171		—		—		104,171
Time deposits	138,829		—		—		138,829
Deferred compensation plan assets	11,456		—		—		11,456
U.S. government obligations	—		169,909		—		169,909
Commercial paper	—		59,569		—		59,569
Foreign currency forward contracts	—		1,119		—		1,119
Interest rate swaps	—		24,953		—		24,953
Total assets measured at fair value	$	915,557	$	255,550	$	—	$	1,171,107

Liabilities:
Foreign currency forward contracts	$	—	$	14,509	$	—	$	14,509


Total liabilities measured at fair value	$	—	$	14,509	$	—	$	14,509

Schedule of Assets and Liabilities as Presented on Ciena's Consolidated Balance Sheet

As of the dates indicated, the assets and liabilities above were presented on Ciena’s Consolidated Balance Sheets as follows (in thousands):


	November 2, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	832,239	$	9,426	$	—	$	841,665
Short-term investments	9,365		306,978		—		316,343
Prepaid expenses and other	—		2,149		—		2,149
Long-term investments	—		80,920		—		80,920
Other long-term assets	16,519		11,777		—		28,296
Total assets measured at fair value	$	858,123	$	411,250	$	—	$	1,269,373

Liabilities:
Accrued liabilities and other short-term obligations	$	—	$	9,155	$	—	$	9,155


Total liabilities measured at fair value	$	—	$	9,155	$	—	$	9,155


	October 28, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	891,788	$	2,760	$	—	$	894,548
Short-term investments	12,313		92,440		—		104,753
Prepaid expenses and other	—		1,119		—		1,119
Long-term investments	—		134,278		—		134,278
Other long-term assets	11,456		24,953		—		36,409
Total assets measured at fair value	$	915,557	$	255,550	$	—	$	1,171,107

Liabilities:
Accrued liabilities and other short-term obligations	$	—	$	14,509	$	—	$	14,509

Total liabilities measured at fair value	$	—	$	14,509	$	—	$	14,509