Fair Value Measurements (Tables)

6 Months Ended

Apr. 28, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

Financial assets (excluding cash balances) measured at fair value on a recurring basis are summarized below:

 

	April 28, 2024						October 29, 2023
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	1,510	$	—	$	1,510	$	3,361	$	—	$	3,361
Bank certificates of deposit and time deposits	—		61		61		—		18		18
U.S. Treasury and agency securities	2,365		24		2,389		331		43		374
Non-U.S. government securities	—		6		6		—		6		6
Municipal securities	—		480		480		—		453		453
Commercial paper, corporate bonds and medium-term notes	—		2,985		2,985		—		2,177		2,177
Asset-backed and mortgage-backed securities	—		564		564		—		487		487
Total available-for-sale debt security investments	$	3,875	$	4,120	$	7,995	$	3,692	$	3,184	$	6,876
Equity investments with readily determinable values
Publicly traded equity securities	$	987	$	—	$	987	$	698	$	—	$	698
Total equity investments with readily determinable values	$	987	$	—	$	987	$	698	$	—	$	698
Total	$	4,862	$	4,120	$	8,982	$	4,390	$	3,184	$	7,574

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*Amounts as of April 28, 2024 and October 29, 2023 include $90 million and $101 million, respectively, invested in money market funds related to deferred compensation plans. Due to restrictions on the distribution of these funds, they are classified as restricted cash equivalents and are included in deferred income taxes and other assets in the Consolidated Condensed Balance Sheets.