MARKETABLE SECURITIES |
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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:
* 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:
Debt Securities The contractual maturities of debt securities at October 30, 2022 in millions of dollars follow:
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.
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