Fair Value of Non-marketable Equity Securities (Tables)

6 Months Ended

Jul. 27, 2025

Schedule of Non-marketable Equity Securities

Adjustments to the carrying value of our non-marketable equity securities during the second quarter and first half of fiscal years 2026 and 2025 were as follows:


	Three Months Ended				Six Months Ended
	Jul 27, 2025		Jul 28, 2024		Jul 27, 2025		Jul 28, 2024

	(In millions)
Balance at beginning of period	$	3,240	$	1,463	$	3,387	$	1,321
Adjustments related to non-marketable equity securities:
Net additions	299		294		948		421
Unrealized gains	267		77		330		92
Reclassification (1)	(5)		—		(848)		—
Impairments and unrealized losses	(2)		(15)		(18)		(15)
Balance at end of period	$	3,799	$	1,819	$	3,799	$	1,819

(1) Represents reclassifications from non-marketable equity securities to marketable securities following public market trading.