XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 27, 2024

Fair Value Disclosures [Abstract]

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

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

			July 27, 2024
			Level 1						Level 2						Level 3						Total
Assets:
Money market funds			$	427,818					$	—					$	—					$	427,818
Bond mutual fund			160,513						—						—						160,513
Time deposits			96,134						—						—						96,134
Deferred compensation plan assets			15,590						—						—						15,590
U.S. government obligations			—						261,010						—						261,010
Corporate debt securities			—						57,836						—						57,836
Foreign currency forward contracts			—						1,232						—						1,232
Interest rate swaps			—						12,316						—						12,316
Total assets measured at fair value			$	700,055					$	332,394					$	—					$	1,032,449
Liabilities:
Foreign currency forward contracts			$	—					$	7,271					$	—					$	7,271
Total liabilities measured at fair value			$	—					$	7,271					$	—					$	7,271

			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
Corporate debt securities			—						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 Condensed Consolidated Balance Sheets

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

			July 27, 2024
			Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents			$	669,655					$	4,013					$	—					$	673,668
Short-term investments			14,810						203,000						—						217,810
Prepaid expenses and other			—						1,232						—						1,232
Long-term investments			—						111,833						—						111,833
Other long-term assets			15,590						12,316						—						27,906
Total assets measured at fair value			$	700,055					$	332,394					$	—					$	1,032,449
Liabilities:
Accrued liabilities and other short-term obligations			$	—					$	7,271					$	—					$	7,271
Total liabilities measured at fair value			$	—					$	7,271					$	—					$	7,271

			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

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration