Cash, Cash Equivalents and Short-Term Investments (Tables)

3 Months Ended

Mar. 04, 2022

Cash, Cash Equivalents, and Short-term Investments [Abstract]

Cash Cash Equivalents and Short-Term Investments

Cash, cash equivalents and short-term investments consisted of the following as of March 4, 2022:

(in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	644	$	—	$	—	$	644
Cash equivalents:
Corporate debt securities	6		—		—		6
Money market funds	1,979		—		—		1,979
Time deposits	110		—		—		110
Total cash equivalents	2,095		—		—		2,095
Total cash and cash equivalents	2,739		—		—		2,739
Short-term fixed income securities:
Asset-backed securities	130		—		(1)		129
Corporate debt securities	1,408		1		(11)		1,398
Foreign government securities	5		—		—		5
Municipal securities	33		—		—		33
U.S. Treasury securities	402		—		(5)		397
Total short-term investments	1,978		1		(17)		1,962
Total cash, cash equivalents and short-term investments	$	4,717	$	1	$	(17)	$	4,701

Cash, cash equivalents and short-term investments consisted of the following as of December 3, 2021:

(in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Current assets:
Cash	$	750	$	—	$	—	$	750
Cash equivalents:
Corporate debt securities	5		—		—		5
Money market funds	2,914		—		—		2,914
Time deposits	175		—		—		175
Total cash equivalents	3,094		—		—		3,094
Total cash and cash equivalents	3,844		—		—		3,844
Short-term fixed income securities:
Asset-backed securities	124		—		—		124
Corporate debt securities	1,426		2		(3)		1,425
Municipal securities	28		—		—		28
U.S. Treasury securities	378		—		(1)		377
Total short-term investments	1,956		2		(4)		1,954
Total cash, cash equivalents and short-term investments	$	5,800	$	2	$	(4)	$	5,798

Estimated Fair Value of Short-Term Fixed Income Debt Securities

The following table summarizes the estimated fair value of short-term fixed income debt securities classified as short-term investments based on stated effective maturities as of March 4, 2022:

(in millions)	Estimated Fair Value
Due within one year	$	840
Due between one and two years	678
Due between two and three years	417
Due after three years	27
Total	$	1,962