Cash and Investments (Tables)

9 Months Ended

May 28, 2020

Investments [Abstract]

Cash and Investments

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

	May 28, 2020								August 29, 2019
As of	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	$	2,506	$	—	$	—	$	2,506	$	2,388	$	—	$	—	$	2,388
Level 1(2)
Money market funds	4,346		—		—		4,346		3,418		—		—		3,418
Level 2(3)
Certificates of deposits	1,405		3		4		1,412		1,292		13		1		1,306
Corporate bonds	—		238		242		480		—		550		689		1,239
Government securities	5		63		235		303		36		149		232		417
Asset-backed securities	—		25		96		121		—		67		242		309
Commercial paper	5		62		—		67		18		24		—		42
	8,267		$	391	$	577	$	9,235	7,152		$	803	$	1,164	$	9,119
Restricted cash(4)	53								127
Cash, cash equivalents, and restricted cash	$	8,320							$	7,279

⁽¹⁾The maturities of long-term marketable investments 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 May 28, 2020 or August 29, 2019.

⁽⁴⁾Restricted cash is included in other noncurrent assets and primarily relates to certain government incentives received prior to being earned. The restrictions lapse upon achieving certain performance conditions. Restricted cash as of August 29, 2019 also included amounts related to the corporate reorganization proceedings of MMJ.

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:

	May 28, 2020								August 29, 2019
As of	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	$	2,506	$	—	$	—	$	2,506	$	2,388	$	—	$	—	$	2,388
Level 1(2)
Money market funds	4,346		—		—		4,346		3,418		—		—		3,418
Level 2(3)
Certificates of deposits	1,405		3		4		1,412		1,292		13		1		1,306
Corporate bonds	—		238		242		480		—		550		689		1,239
Government securities	5		63		235		303		36		149		232		417
Asset-backed securities	—		25		96		121		—		67		242		309
Commercial paper	5		62		—		67		18		24		—		42
	8,267		$	391	$	577	$	9,235	7,152		$	803	$	1,164	$	9,119
Restricted cash(4)	53								127
Cash, cash equivalents, and restricted cash	$	8,320							$	7,279

⁽¹⁾The maturities of long-term marketable investments 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 May 28, 2020 or August 29, 2019.

⁽⁴⁾Restricted cash is included in other noncurrent assets and primarily relates to certain government incentives received prior to being earned. The restrictions lapse upon achieving certain performance conditions. Restricted cash as of August 29, 2019 also included amounts related to the corporate reorganization proceedings of MMJ.