MARKETABLE SECURITIES (Tables)

12 Months Ended

Oct. 30, 2022

MARKETABLE SECURITIES

Amortized Cost and Fair Value of Marketable Securities

The amortized cost and fair value of marketable securities at October 30, 2022 and October 31, 2021 in millions of dollars follow:

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
2022
U.S. equity fund							$	70
International equity securities								3
Total equity securities								73
U.S. government debt securities	$	220			$	37		183
Municipal debt securities		74				11		63
Corporate debt securities		236				36		200
International debt securities		64				4		60
Mortgage-backed securities*		186				31		155
Total debt securities	$	780			$	119		661
Marketable securities							$	734
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

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

Unrealized Gains on Equity Securities

Unrealized gain (loss) on equity securities during 2022 and 2021 in millions of dollars follow:

	2022		2021
Net gain (loss) recognized on equity securities	$	(11)	$	24
Less: Net gain on equity securities sold				2
Unrealized gain (loss) on equity securities	$	(11)	$	22

Contractual Maturities of Debt Securities

The contractual maturities of debt securities at October 30, 2022 in millions of dollars follow:

	Amortized		Fair
	Cost		Value
Due in one year or less	$	81	$	81
Due after one through five years		105		96
Due after five through 10 years		196		166
Due after 10 years		212		163
Mortgage-backed securities		186		155
Debt securities	$	780	$	661