Accounts Payable and Accrued Expenses

12 Months Ended

Aug. 28, 2014

Accounts Payable and Accrued Liabilities Disclosure

Accounts Payable and Accrued Expenses



As of	2014		2013
Accounts payable	$	1,119	$	1,048
Related party payables	673		374
Salaries, wages and benefits	456		267
Customer advances	98		140
Income and other taxes	71		47
Other	281		239
	$	2,698	$	2,115

As of August 28, 2014 and August 29, 2013, related party payables included $660 million and $345 million, respectively, due to Inotera primarily for the purchase of DRAM products under the Inotera Supply Agreement. As of August 28, 2014 and August 29, 2013, related party payables also included $13 million and $29 million, respectively, due to Tera Probe for probe services performed. (See "Equity Method Investments" note.)

As of August 28, 2014, customer advances included $90 million for amounts received from a customer in 2014 under a DRAM supply agreement to be applied to purchases at market pricing through September 2016. As of August 28, 2014, other noncurrent liabilities included $90 million from this DRAM supply agreement. As of August 29, 2013, customer advances included $134 million for amounts received from Intel, all of which was applied to Intel's purchases of NAND Flash in 2014 under a supply agreement. (See "Equity – Noncontrolling Interests in Subsidiaries – IMFT" note.)