MARKETABLE SECURITIES (Tables)

12 Months Ended

Oct. 31, 2021

MARKETABLE SECURITIES

Amortized Cost and Fair Value of Marketable Securities

The amortized cost and fair value of marketable securities at October 31, 2021 and November 1, 2020 in millions of dollars follow:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
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
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

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

Unrealized Gains on Equity Securities

Unrealized gains on equity securities during 2021 and 2020 in millions of dollars follow:

	2021		2020
Net gain recognized on equity securities	$	24	$	8
Less: Net gain on equity securities sold		2		1
Unrealized gains on equity securities	$	22	$	7

Contractual Maturities of Debt Securities

The contractual maturities of debt securities at October 31, 2021 in millions of dollars follow:

	Amortized		Fair
	Cost		Value
Due in one year or less	$	28	$	28
Due after one through five years		80		82
Due after five through 10 years		144		147
Due after 10 years		233		240
Mortgage-backed securities		152		154
Debt securities	$	637	$	651