Fair Value Measurements (Tables)

3 Months Ended

Mar. 04, 2022

The fair value of our financial assets and liabilities at March 4, 2022 was determined using the following inputs:


(in millions)	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:
Corporate debt securities	$	6	$	—	$	6	$	—

Money market funds	1,979		1,979		—		—

Time deposits	110		110		—		—


Short-term investments:
Asset-backed securities	129		—		129		—
Corporate debt securities	1,398		—		1,398		—
Foreign government securities	5		—		5		—

Municipal securities	33		—		33		—


U.S. Treasury securities	397		—		397		—
Prepaid expenses and other current assets:
Foreign currency derivatives	94		—		94		—

Other assets:
Deferred compensation plan assets	160		160		—		—

Total assets	$	4,311	$	2,249	$	2,062	$	—


Liabilities:
Accrued expenses:

Foreign currency derivatives	$	15	$	—	$	15	$	—

The fair value of our financial assets and liabilities at December 3, 2021 was determined using the following inputs:


(in millions)	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:
Corporate debt securities	$	5	$	—	$	5	$	—
Money market funds	2,914		2,914		—		—

Time deposits	175		175		—		—

Short-term investments:
Asset-backed securities	124		—		124		—
Corporate debt securities	1,425		—		1,425		—


Municipal securities	28		—		28		—

U.S. Treasury securities	377		—		377		—
Prepaid expenses and other current assets:
Foreign currency derivatives	98		—		98		—
Other assets:
Deferred compensation plan assets	151		151		—		—

Total assets	$	5,297	$	3,240	$	2,057	$	—


Liabilities:
Accrued expenses:

Foreign currency derivatives	$	8	$	—	$	8	$	—