Cash and Investments

12 Months Ended

Sep. 03, 2020

Substantially all of our marketable debt and equity investments were classified as available-for-sale as of the dates noted below. Cash and equivalents and the fair values of our available-for-sale investments, which approximated amortized costs, were as follows:


	2020														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	$	3,996	$	—	$	—	$	3,996	$	2,388	$	—	$	—	$	2,388
Level 1⁽²⁾
Money market funds	1,828		—		—		1,828		3,418		—		—		3,418
Level 2⁽³⁾
Certificates of deposits	1,740		10		2		1,752		1,292		13		1		1,306
Corporate bonds	3		266		592		861		—		550		689		1,239
Government securities	6		115		243		364		36		149		232		417
Asset-backed securities	1		31		211		243		—		67		242		309
Commercial paper	50		96		—		146		18		24		—		42
	7,624		$	518	$	1,048	$	9,190	7,152		$	803	$	1,164	$	9,119
Restricted cash⁽⁴⁾	66								127
Cash, cash equivalents, and restricted cash	$	7,690							$	7,279

⁽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 analysis to validate information obtained from these pricing services. No adjustments were made to the fair values indicated by such pricing information as of September 3, 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 and for which 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.

Gross realized gains and losses from sales of available-for-sale securities were not significant for any period presented. As of September 3, 2020, there were no available-for-sale securities that had been in a loss position for longer than 12 months.