FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 30, 2022

Schedule of the Fair Value of Assets and Liabilities Recorded on a Recurring Basis

As of each date indicated, the following table summarizes the assets and liabilities that are recorded at fair value on a recurring basis (in thousands):


	July 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	531,686	$	—	$	—	$	531,686
Bond mutual fund	70,717		—		—		70,717
Time deposits	121,888		—		—		121,888
Deferred compensation plan assets	13,184		—		—		13,184
U.S. government obligations	—		358,725		—		358,725

Corporate debt securities	—		33,874		—		33,874
Foreign currency forward contracts	—		3,024		—		3,024
Forward starting interest rate swaps	—		759		—		759

Total assets measured at fair value	$	737,475	$	396,382	$	—	$	1,133,857

Liabilities:
Foreign currency forward contracts	$	—	$	3,399	$	—	$	3,399
Forward starting interest rate swaps	—		4,337		—		4,337

Total liabilities measured at fair value	$	—	$	7,736	$	—	$	7,736


	October 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	1,120,851	$	—	$	—	$	1,120,851
Bond mutual fund	75,425		—		—		75,425
Time deposits	71,226		—		—		71,226
Deferred compensation plan assets	12,968		—		—		12,968
U.S. government obligations	—		251,521		—		251,521

Foreign currency forward contracts	—		14,935		—		14,935


Total assets measured at fair value	$	1,280,470	$	266,456	$	—	$	1,546,926

Liabilities:
Foreign currency forward contracts	$	—	$	716	$	—	$	716

Forward starting interest rate swaps	—		15,928		—		15,928
Total liabilities measured at fair value	$	—	$	16,644	$	—	$	16,644

Schedule of Assets and Liabilities as Presented on Ciena's Condensed Consolidated Balance Sheets

As of each date indicated, the assets and liabilities above are presented on Ciena’s Condensed Consolidated Balance Sheets as follows (in thousands):


	July 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	717,344	$	—	$	—	$	717,344
Short-term investments	6,947		314,876		—		321,823
Prepaid expenses and other	—		3,024		—		3,024
Long-term investments	—		77,723		—		77,723
Other long-term assets	13,184		759		—		13,943
Total assets measured at fair value	$	737,475	$	396,382	$	—	$	1,133,857

Liabilities:
Accrued liabilities and other short-term obligations	$	—	$	3,399	$	—	$	3,399
Other long-term obligations	—		4,337		—		4,337
Total liabilities measured at fair value	$	—	$	7,736	$	—	$	7,736


	October 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	1,267,502	$	—	$	—	$	1,267,502
Short-term investments	—		181,483		—		181,483
Prepaid expenses and other	—		14,935		—		14,935
Long-term investments	—		70,038		—		70,038
Other long-term assets	12,968		—		—		12,968
Total assets measured at fair value	$	1,280,470	$	266,456	$	—	$	1,546,926

Liabilities:
Accrued liabilities and other short-term obligations	$	—	$	716	$	—	$	716

Other long-term obligations	—		15,928		—		15,928
Total liabilities measured at fair value	$	—	$	16,644	$	—	$	16,644