Cash, cash equivalents and short-term investments consisted of the following as of May 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Amortized Cost | | Unrealized Gains | | Unrealized Losses | | Estimated Fair Value | Current assets: | | | | | | | | Cash | $ | 822 | | | $ | — | | | $ | — | | | $ | 822 | | Cash equivalents: | | | | | | | | Corporate debt securities | 25 | | | — | | | — | | | 25 | | Money market funds | 3,979 | | | — | | | — | | | 3,979 | | | | | | | | | | Time deposits | 105 | | | — | | | — | | | 105 | | | | | | | | | | | | | | | | | | Total cash equivalents | 4,109 | | | — | | | — | | | 4,109 | | Total cash and cash equivalents | 4,931 | | | — | | | — | | | 4,931 | | Short-term fixed income securities: | | | | | | | | Asset-backed securities | 1 | | | — | | | — | | | 1 | | Corporate debt securities | 662 | | | — | | | — | | | 662 | | | | | | | | | | | | | | | | | | U.S. agency securities | 3 | | | — | | | — | | | 3 | | U.S. Treasury securities | 116 | | | — | | | — | | | 116 | | Total short-term investments | 782 | | | — | | | — | | | 782 | | Total cash, cash equivalents and short-term investments | $ | 5,713 | | | $ | — | | | $ | — | | | $ | 5,713 | |
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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