Cash and Investments (Tables)

3 Months Ended

Nov. 30, 2017

Cash and equivalents and the fair values of available-for-sale investments

Cash and equivalents and the fair values of our available-for-sale investments, which approximated amortized costs, were as follows:



As of	November 30, 2017								August 31, 2017
	Cash and Equivalents		Short-term Investments		Long-term Marketable Investments⁽¹⁾		Total Fair Value		Cash and Equivalents		Short-term Investments		Long-term Marketable Investments⁽¹⁾		Total Fair Value
Cash	$	1,850	$	—	$	—	$	1,850	$	2,237	$	—	$	—	$	2,237
Level 1⁽²⁾
Money market funds	3,971		—		—		3,971		2,332		—		—		2,332
Level 2⁽³⁾
Corporate bonds	3		96		156		255		—		193		315		508
Certificates of deposit	169		7		3		179		483		24		3		510
Government securities	5		45		65		115		1		90		126		217
Asset-backed securities	—		13		90		103		—		2		173		175
Commercial paper	10		5		—		15		56		10		—		66
	6,008		$	166	$	314	$	6,488	5,109		$	319	$	617	$	6,045
Restricted cash⁽⁴⁾	122								107
Cash, cash equivalents, and restricted cash	$	6,130							$	5,216


⁽¹⁾	The maturities of long-term marketable securities range from one to four years.


⁽²⁾	The fair value of Level 1 securities is measured based on quoted prices in active markets for identical assets.

⁽³⁾

The fair value of Level 2 securities is measured using information obtained from pricing services, which obtain quoted market prices for similar instruments, non-binding market consensus prices that are corroborated by observable market data, or various other methodologies, to determine the appropriate value at the measurement date. We perform supplemental analyses to validate information obtained from these pricing services. No adjustments were made to the fair values indicated by such pricing information as of November 30, 2017 or August 31, 2017.


⁽⁴⁾	Restricted cash is included in other noncurrent assets and primarily represents balances related to the MMJ Creditor Payments and interest reserve balances related to the 2021 MSTW Term Loan.

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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