Cash, Cash Equivalents and Investments (Tables)

The following tables summarize Applied’s cash, cash equivalents and investments by security type:



April 29, 2012	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	620	$	—	$	—	$	620
Cash equivalents:
Money market funds	1,141		—		—		1,141
Total Cash equivalents	1,141		—		—		1,141
Total Cash and Cash equivalents	$	1,761	$	—	$	—	$	1,761
Short-term and long-term investments:
U.S. Treasury and agency securities	$	302	$	1	$	—	$	303
Non-U.S. government securities*	22		—		—		22
Municipal securities	395		2		—		397
Commercial paper, corporate bonds and medium-term notes	314		3		—		317
Asset-backed and mortgage-backed securities	301		3		1		303
Total fixed income securities	1,334		9		1		1,342
Publicly traded equity securities	45		30		6		69
Equity investments in privately-held companies	69		—		—		69
Total short-term and long-term investments	$	1,448	$	39	$	7	$	1,480
Total Cash, Cash equivalents and Investments	$	3,209	$	39	$	7	$	3,241

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*	Includes agency and corporate debt securities guaranteed by non-U.S. governments, which consist of Canada, Australia, and Germany.



October 30, 2011	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In millions)
Cash	$	297	$	—	$	—	$	297
Cash equivalents:
Money market funds	5,663		—		—		5,663
Total Cash equivalents	5,663		—		—		5,663
Total Cash and Cash equivalents	$	5,960	$	—	$	—	$	5,960
Short-term and long-term investments:
U.S. Treasury and agency securities	$	184	$	1	$	—	$	185
Non-U.S. government securities	40		—		—		40
Municipal securities	371		2		—		373
Commercial paper, corporate bonds and medium-term notes	216		3		1		218
Asset-backed and mortgage-backed securities	307		3		1		309
Total fixed income securities	1,118		9		2		1,125
Publicly traded equity securities	8		19		—		27
Equity investments in privately-held companies	62		—		—		62
Total short-term and long-term investments	$	1,188	$	28	$	2	$	1,214
Total Cash, Cash equivalents and Investments	$	7,148	$	28	$	2	$	7,174

The following table summarizes the contractual maturities of Applied’s investments at April 29, 2012:



	Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	365	$	365
Due after one through five years	667		672
Due after five years	1		2
No single maturity date**	415		441
	$	1,448	$	1,480

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**	Securities with no single maturity date include publicly-traded and privately-held equity securities, and asset-backed and mortgage-backed securities.

Gross realized gains and losses on sales of investments during the three and six months ended April 29, 2012 and May 1, 2011 were as follows:



	Three Months Ended				Six Months Ended
	April 29, 2012		May 1, 2011		April 29, 2012		May 1, 2011
	(In millions)
Gross realized gains	$	1	$	8	$	2	$	13
Gross realized losses	$	1	$	1	$	2	$	1

The following table provides the fair market value of Applied’s investments with unrealized losses that were not deemed to be other-than-temporarily impaired as of April 29, 2012.



	In Loss Position for Less Than 12 Months				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(In millions)
Asset-backed and mortgage-backed securities	$	42	$	1	$	42	$	1
Publicly traded equity securities	$	19	$	6	$	19	$	6
Total	$	61	$	7	$	61	$	7

The following table provides the fair market value of Applied’s investments with unrealized losses that were not deemed to be other-than-temporarily impaired as of October 30, 2011.



	In Loss Position for Less Than 12 Months				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(In millions)
Commercial paper, corporate bonds and medium-term notes	$	32	$	1	$	32	$	1
Asset-backed and mortgage-backed securities	77		1		77		1
Total	$	109	$	2	$	109	$	2