Cash and Investments (Tables)

3 Months Ended

Dec. 02, 2021

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:

	December 2, 2021								September 2, 2021
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	$	6,516	$	—	$	—	$	6,516	$	5,796	$	—	$	—	$	5,796
Level 1(2)
Money market funds	105		—		—		105		38		—		—		38
Level 2(3)
Certificates of deposits	1,996		63		—		2,059		1,907		69		—		1,976
Corporate bonds	1		510		1,155		1,666		9		429		1,134		1,572
Asset-backed securities	—		81		559		640		8		95		509		612
Government securities	16		169		103		288		1		190		122		313
Commercial paper	46		77		—		123		4		87		—		91
	8,680		$	900	$	1,817	$	11,397	7,763		$	870	$	1,765	$	10,398
Restricted cash(4)	83								66
Cash, cash equivalents, and restricted cash	$	8,763							$	7,829

(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 December 2, 2021 or September 2, 2021.

(4)Restricted cash is included in other current assets and 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.

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:

	December 2, 2021								September 2, 2021
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	$	6,516	$	—	$	—	$	6,516	$	5,796	$	—	$	—	$	5,796
Level 1(2)
Money market funds	105		—		—		105		38		—		—		38
Level 2(3)
Certificates of deposits	1,996		63		—		2,059		1,907		69		—		1,976
Corporate bonds	1		510		1,155		1,666		9		429		1,134		1,572
Asset-backed securities	—		81		559		640		8		95		509		612
Government securities	16		169		103		288		1		190		122		313
Commercial paper	46		77		—		123		4		87		—		91
	8,680		$	900	$	1,817	$	11,397	7,763		$	870	$	1,765	$	10,398
Restricted cash(4)	83								66
Cash, cash equivalents, and restricted cash	$	8,763							$	7,829

(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 December 2, 2021 or September 2, 2021.

(4)Restricted cash is included in other current assets and 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.