Accounts Payable and Accrued Expenses

9 Months Ended

May 30, 2013

Disclosure Text Block [Abstract]

Accounts Payable and Accrued Liabilities Disclosure

Accounts Payable and Accrued Expenses

As of	May 30, 2013		August 30, 2012
Accounts payable	$	736	$	818
Related party payables	228		130
Salaries, wages and benefits	216		290
Customer advances	166		141
Income and other taxes	31		25
Other	213		237
	$	1,590	$	1,641

As of May 30, 2013 and August 30, 2012, related party payables included $228 million and $130 million, respectively, due to Inotera primarily for the purchase of DRAM products under the Inotera Supply Agreement.

As of May 30, 2013 and August 30, 2012, customer advances included $163 million and $139 million, respectively, for amounts received from Intel to be applied to Intel's future purchases under a NAND Flash supply agreement. In addition, as of August 30, 2012, other noncurrent liabilities included $120 million of amounts received under this agreement. (See "Consolidated Variable Interest Entities – IM Flash" note.)

As of May 30, 2013 and August 30, 2012, other accounts payable and accrued expenses included $24 million and $51 million, respectively, of liabilities associated with currency hedges executed in connection with the Sponsor Agreement and Rexchip Share Purchase Agreement. As of May 30, 2013 and August 30, 2012, other accounts payable and accrued expenses included $8 million and $14 million, respectively, due to Intel for NAND Flash product design and process development and licensing fees pursuant to cost-sharing agreements. (See "Derivative Financial Instruments" and "Consolidated Variable Interest Entities – IM Flash" notes.)