Accounts Payable and Accrued Expenses

9 Months Ended

May 29, 2014

Accounts Payable and Accrued Liabilities Disclosure

Accounts Payable and Accrued Expenses



As of	May 29, 2014		August 29, 2013
Accounts payable	$	1,348	$	1,048
Related party payables	703		374
Salaries, wages and benefits	410		267
Customer advances	96		140
Income and other taxes	54		47
Other	217		239
	$	2,828	$	2,115

As of May 29, 2014 and August 29, 2013, related party payables included $694 million and $345 million, respectively, due to Inotera primarily for the purchase of DRAM products under the Inotera Supply Agreement. As of May 29, 2014 and August 29, 2013, related party payables also included $9 million and $29 million, respectively, due to Tera Probe for probe services performed. (See "Equity Method Investments" note.)

As of May 29, 2014, customer advances included $90 million for amounts received from a customer in the first quarter of 2014 under a DRAM supply agreement to be applied to purchases at market pricing through September 2016. As of May 29, 2014, other noncurrent liabilities included an additional $113 million from this DRAM supply agreement. As of August 29, 2013, customer advances included $134 million for amounts received from Intel to be applied to purchases under a NAND Flash supply agreement.