XML 27 R15.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
FAIR VALUE MEASUREMENTS
 6 Months Ended
Apr. 27, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
    As of the dates indicated, the following tables summarize the assets and liabilities that are recorded at fair value on a recurring basis (in thousands):
 April 27, 2024
 Level 1Level 2Level 3Total
Assets:    
Money market funds$700,930 $— $— $700,930 
Bond mutual fund158,297 — — 158,297 
Time deposits164,208 — — 164,208 
Deferred compensation plan assets14,479 — — 14,479 
U.S. government obligations— 260,374 — 260,374 
Corporate debt securities— 59,620 — 59,620 
Foreign currency forward contracts— 1,341 — 1,341 
Interest rate swaps— 30,296 — 30,296 
Total assets measured at fair value$1,037,914 $351,631 $— $1,389,545 
Liabilities:
Foreign currency forward contracts$— $6,173 $— $6,173 
Total liabilities measured at fair value$— $6,173 $— $6,173 

October 28, 2023
Level 1Level 2Level 3Total
Assets:
Money market funds$661,101 $— $— $661,101 
Bond mutual fund104,171 — — 104,171 
Time deposits138,829 — — 138,829 
Deferred compensation plan assets11,456 — — 11,456 
U.S. government obligations— 169,909 — 169,909 
Corporate debt securities— 59,569 — 59,569 
Foreign currency forward contracts— 1,119 — 1,119 
Interest rate swaps— 24,953 — 24,953 
Total assets measured at fair value$915,557 $255,550 $— $1,171,107 
Liabilities:
Foreign currency forward contracts$— $14,509 $— $14,509 
Total liabilities measured at fair value$— $14,509 $— $14,509 

As of the dates indicated, the assets and liabilities above are presented on Ciena’s Condensed Consolidated Balance Sheets as follows (in thousands):
 April 27, 2024
 Level 1Level 2Level 3Total
Assets:    
Cash equivalents$1,007,962 $3,887 $— $1,011,849 
Short-term investments15,473 150,147 — 165,620 
Prepaid expenses and other— 1,341 — 1,341 
Long-term investments— 165,960 — 165,960 
Other long-term assets14,479 30,296 — 44,775 
Total assets measured at fair value$1,037,914 $351,631 $— $1,389,545 
Liabilities:
Accrued liabilities and other short-term obligations$— $6,173 $— $6,173 
Total liabilities measured at fair value$— $6,173 $— $6,173 
 October 28, 2023
 Level 1Level 2Level 3Total
Assets:    
Cash equivalents$891,788 $2,760 $— $894,548 
Short-term investments12,313 92,440 — 104,753 
Prepaid expenses and other— 1,119 — 1,119 
Long-term investments— 134,278 — 134,278 
Other long-term assets11,456 24,953 — 36,409 
Total assets measured at fair value$915,557 $255,550 $— $1,171,107 
Liabilities:
Accrued liabilities and other short-term obligations$— $14,509 $— $14,509 
Total liabilities measured at fair value$— $14,509 $— $14,509 

Ciena did not have any transfers between Level 1 and Level 2 fair value measurements during the periods presented.