MARKETABLE SECURITIES (Tables)

12 Months Ended

Nov. 01, 2020

MARKETABLE SECURITIES

Amortized Cost and Fair Value of Marketable Securities

The amortized cost and fair value of marketable securities at November 1, 2020 and November 3, 2019 in millions of dollars follow:


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
		Cost			Gains			Losses			Value
2020
U.S. equity fund											$	62
International equity securities												2
Total equity securities												64
U.S. government debt securities		$	159		$	10		$	1			168
Municipal debt securities			63			5						68
Corporate debt securities			173			15						188
International debt securities			9						3			6
Mortgage-backed securities*			140			7						147
Total debt securities		$	544		$	37		$	4			577
Marketable securities											$	641
2019
Equity fund											$	59
Total equity securities												59
U.S. government debt securities		$	128		$	4		$	1			131
Municipal debt securities			57			3						60
Corporate debt securities			157			8						165
International debt securities			9						3			6
Mortgage-backed securities*			155			5						160
Total debt securities		$	506		$	20		$	4			522
Marketable securities											$	581

* Primarily issued by U.S. government sponsored enterprises.

Unrealized Gains on Equity Securities

Unrealized gains on equity securities during 2020 and 2019 in millions of dollars follow:


		2020			2019
Net gain recognized on equity securities		$	8		$	7
Less: Net gain on equity securities sold			1
Unrealized gains on equity securities		$	7		$	7

Contractual Maturities of Debt Securities

The contractual maturities of debt securities at November 1, 2020 in millions of dollars follow:


		Amortized			Fair
		Cost			Value
Due in one year or less		$	18		$	18
Due after one through five years			90			94
Due after five through 10 years			113			121
Due after 10 years			183			197
Mortgage-backed securities			140			147
Debt securities		$	544		$	577