Cash, cash equivalents and short-term investments consisted of the following as of November 28, 2025: | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Amortized Cost | | Unrealized Gains | | Unrealized Losses | | Estimated Fair Value | | Current assets: | | | | | | | | | Cash | $ | 711 | | | $ | — | | | $ | — | | | $ | 711 | | | Cash equivalents: | | | | | | | | | Corporate debt securities | 928 | | | — | | | — | | | 928 | | | Money market funds | 3,607 | | | — | | | — | | | 3,607 | | | | | | | | | | | Time deposits | 85 | | | — | | | — | | | 85 | | | | | | | | | | | U.S. Treasury securities | 100 | | | — | | | — | | | 100 | | | Total cash equivalents | 4,720 | | | — | | | — | | | 4,720 | | | Total cash and cash equivalents | 5,431 | | | — | | | — | | | 5,431 | | | Short-term fixed income securities: | | | | | | | | | | | | | | | | | Corporate debt securities | 914 | | | — | | | — | | | 914 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Treasury securities | 250 | | | — | | | — | | | 250 | | | Total short-term investments | 1,164 | | | — | | | — | | | 1,164 | | | Total cash, cash equivalents and short-term investments | $ | 6,595 | | | $ | — | | | $ | — | | | $ | 6,595 | |
Cash, cash equivalents and short-term investments consisted of the following as of November 29, 2024: | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Amortized Cost | | Unrealized Gains | | Unrealized Losses | | Estimated Fair Value | | Current assets: | | | | | | | | | Cash | $ | 787 | | | $ | — | | | $ | — | | | $ | 787 | | | Cash equivalents: | | | | | | | | | Corporate debt securities | 41 | | | — | | | — | | | 41 | | | Money market funds | 6,726 | | | — | | | — | | | 6,726 | | | | | | | | | | | Time deposits | 57 | | | — | | | — | | | 57 | | | U.S. Treasury securities | 2 | | | — | | | — | | | 2 | | | Total cash equivalents | 6,826 | | | — | | | — | | | 6,826 | | | Total cash and cash equivalents | 7,613 | | | — | | | — | | | 7,613 | | | Short-term fixed income securities: | | | | | | | | | Asset-backed securities | 4 | | | — | | | — | | | 4 | | | Corporate debt securities | 120 | | | — | | | — | | | 120 | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. agency securities | 11 | | | — | | | — | | | 11 | | | U.S. Treasury securities | 139 | | | — | | | (1) | | | 138 | | | Total short-term investments | 274 | | | — | | | (1) | | | 273 | | | Total cash, cash equivalents and short-term investments | $ | 7,887 | | | $ | — | | | $ | (1) | | | $ | 7,886 | |
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