| Schedule of Cash, Cash Equivalents and Investments |
The following tables summarize our cash, cash equivalents and investments by security type: | | | | | | | | | | | | | | | | | | | | | | | | | April 26, 2026 | Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair Value | | | | | | | | | | | (In millions) | | Cash | $ | 1,497 | | | $ | — | | | $ | — | | | $ | 1,497 | | | Cash equivalents: | | | | | | | | Money market funds* | 2,428 | | | — | | | — | | | 2,428 | | | Bank certificates of deposit and time deposits | 180 | | | — | | | — | | | 180 | | | | | | | | | | | | | | | | | | | Municipal securities | 5 | | | — | | | — | | | 5 | | | Commercial paper, corporate bonds and medium-term notes | 2,191 | | | — | | | — | | | 2,191 | | | | | | | | | | | Total cash equivalents | 4,804 | | | — | | | — | | | 4,804 | | | Total cash and cash equivalents | $ | 6,301 | | | $ | — | | | $ | — | | | $ | 6,301 | | | Short-term and long-term investments: | | | | | | | | | Bank certificates of deposit and time deposits | $ | 6 | | | $ | — | | | $ | — | | | $ | 6 | | | U.S. Treasury and agency securities | 2,247 | | | — | | | 4 | | | 2,243 | | | | | | | | | | | Municipal securities | 477 | | | 2 | | | 1 | | | 478 | | | Commercial paper, corporate bonds and medium-term notes | 1,174 | | | 3 | | | 1 | | | 1,176 | | | Asset-backed and mortgage-backed securities | 553 | | | 1 | | | 2 | | | 552 | | | Total fixed income securities | 4,457 | | | 6 | | | 8 | | | 4,455 | | | Publicly traded equity securities | 965 | | | 1,284 | | | 1 | | | 2,248 | | | Equity investments in privately held companies | 348 | | | 107 | | | 76 | | | 379 | | | Total equity investments | 1,313 | | | 1,391 | | | 77 | | | 2,627 | | | Total short-term and long-term investments | $ | 5,770 | | | $ | 1,397 | | | $ | 85 | | | $ | 7,082 | | | Total cash, cash equivalents and investments | $ | 12,071 | | | $ | 1,397 | | | $ | 85 | | | $ | 13,383 | |
_________________________ *Excludes $58 million of restricted cash equivalents invested in money market funds related to deferred compensation plans. | | | | | | | | | | | | | | | | | | | | | | | | | October 26, 2025 | Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair Value | | | | | | | | | | | (In millions) | | Cash | $ | 1,419 | | | $ | — | | | $ | — | | | $ | 1,419 | | | Cash equivalents: | | | | | | | | Money market funds* | 2,193 | | | — | | | — | | | 2,193 | | | Bank certificates of deposit and time deposits | 180 | | | — | | | — | | | 180 | | | U.S. Treasury and agency securities | 1,196 | | | — | | | — | | | 1,196 | | | | | | | | | | | Municipal securities | 5 | | | — | | | — | | | 5 | | | Commercial paper, corporate bonds and medium-term notes | 2,248 | | | — | | | — | | | 2,248 | | | Total cash equivalents | 5,822 | | | — | | | — | | | 5,822 | | | Total cash and cash equivalents | $ | 7,241 | | | $ | — | | | $ | — | | | $ | 7,241 | | | Short-term and long-term investments: | | | | | | | | | Bank certificates of deposit and time deposits | $ | 4 | | | $ | — | | | $ | — | | | $ | 4 | | | U.S. Treasury and agency securities | 1,229 | | | 3 | | | — | | | 1,232 | | Non-U.S. government securities** | 5 | | | — | | | — | | | 5 | | | Municipal securities | 463 | | | 5 | | | — | | | 468 | | | Commercial paper, corporate bonds and medium-term notes | 848 | | | 6 | | | — | | | 854 | | | Asset-backed and mortgage-backed securities | 614 | | | 4 | | | 2 | | | 616 | | | Total fixed income securities | 3,163 | | | 18 | | | 2 | | | 3,179 | | | Publicly traded equity securities | 1,288 | | | 824 | | | 2 | | | 2,110 | | | Equity investments in privately held companies | 342 | | | 74 | | | 46 | | | 370 | | | Total equity investments | 1,630 | | | 898 | | | 48 | | | 2,480 | | | Total short-term and long-term investments | $ | 4,793 | | | $ | 916 | | | $ | 50 | | | $ | 5,659 | | | Total cash, cash equivalents and investments | $ | 12,034 | | | $ | 916 | | | $ | 50 | | | $ | 12,900 | |
_________________________ *Excludes $71 million of restricted cash equivalents invested in money market funds related to deferred compensation plans. **Includes Canadian provincial government debt.
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| Schedule of Contractual Maturities of Investments |
The following table summarizes the contractual maturities of our investments as of April 26, 2026: | | | | | | | | | | | | | Cost | | Estimated
Fair Value | | | | | | | (In millions) | | Due in one year or less | $ | 1,911 | | | $ | 1,911 | | | Due after one through five years | 1,993 | | | 1,992 | | | | | | | No single maturity date* | 1,866 | | | 3,179 | | | Total | $ | 5,770 | | | $ | 7,082 | |
_________________________ *Securities with no single maturity date include publicly traded and privately held equity securities and asset-backed and mortgage-backed securities.
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| Schedule of Components of Gain (Loss) on Equity Investment |
The components of gain (loss) on equity investments recognized in the Consolidated Condensed Statements of Operations for the three and six months ended April 26, 2026 and April 27, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | April 26,
2026 | | April 27,
2025 | | April 26,
2026 | | April 27,
2025 | | | | | | | | | | | (In millions) | | Publicly traded equity securities | | | | | | | | | Unrealized gain | $ | 673 | | | $ | 110 | | | $ | 1,157 | | | $ | 113 | | | Unrealized loss | — | | | (28) | | | (16) | | | (139) | | | Realized gain on sales and dividends | 1 | | | 22 | | | 5 | | | 25 | | | Realized loss on sales or impairment | (13) | | | — | | | (15) | | | — | | | Equity investments in privately held companies | | | | | | | | | Unrealized gain | 17 | | | — | | | 35 | | | 7 | | | Unrealized loss | (5) | | | (2) | | | (7) | | | (7) | | | Realized gain on sales and dividends | 3 | | | 1 | | | 7 | | | 7 | | | Realized loss on sales or impairment | (6) | | | (5) | | | (26) | | | (5) | | | Total gain (loss) on equity investments, net | $ | 670 | | | $ | 98 | | | $ | 1,140 | | | $ | 1 | |
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