v3.26.3
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
 9 Months Ended
Aug. 28, 2026
Cash, Cash Equivalents, and Short-Term Investments [Abstract]  
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Cash equivalents consist of highly liquid marketable securities with remaining maturities of three months or less at the date of purchase. We classify our investments in marketable debt securities as “available-for-sale.” We carry these investments at fair value, based on quoted market prices or other readily available market information. Unrealized gains and unrealized non-credit-related losses of marketable debt securities are included in accumulated other comprehensive income (loss), net of taxes, in our condensed consolidated balance sheets. Unrealized credit-related losses are recorded to other income (expense), net in our condensed consolidated statements of income with a corresponding allowance for credit-related losses in our condensed consolidated balance sheets. Gains and losses are determined using the specific identification method and recognized when realized in our condensed consolidated statements of income.
Cash, cash equivalents and short-term investments consisted of the following as of August 28, 2026:
(in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Estimated
Fair Value
Current assets:
Cash$809 $— $— $809 
Cash equivalents:
Corporate debt securities1,035 — — 1,035 
Money market funds2,444 — — 2,444 
Time deposits71 — — 71 
Total cash equivalents3,550 — — 3,550 
Total cash and cash equivalents4,359 — — 4,359 
Short-term fixed income securities:
Corporate debt securities1,181 — (1)1,180 
U.S. Treasury securities100 — — 100 
Total short-term investments(1)
1,281 — (1)1,280 
Total cash, cash equivalents and short-term investments$5,640 $— $(1)$5,639 
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(1)As of August 28, 2026, all short-term fixed income debt securities classified as short-term investments had stated effective maturities within one year.
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 securities928 — — 928 
Money market funds3,607 — — 3,607 
Time deposits85 — — 85 
U.S. Treasury securities100 — — 100 
Total cash equivalents4,720 — — 4,720 
Total cash and cash equivalents5,431 — — 5,431 
Short-term fixed income securities:
Corporate debt securities914 — — 914 
U.S. Treasury securities250 — — 250 
Total short-term investments1,164 — — 1,164 
Total cash, cash equivalents and short-term investments$6,595 $— $— $6,595 
See Note 5 for further information regarding the fair value of our financial instruments.
We review our debt securities classified as short-term investments on a regular basis for impairment. For debt securities in unrealized loss positions, we determine whether any portion of the decline in fair value below the amortized cost basis is due to credit-related factors if we neither intend to sell nor anticipate that it is more likely than not that we will be required to sell prior to recovery of the amortized cost basis. We consider factors such as the extent to which the market value has been lower than the cost, any noted failure of the issuer to make scheduled payments, changes to the rating of the security and other relevant credit-related factors in determining whether or not a credit loss exists. During the nine months ended August 28, 2026 and August 29, 2025, we did not recognize an allowance for credit-related losses on any of our investments.