Cash and Investments

9 Months Ended

Jun. 02, 2022

Investments [Abstract]

Cash and Investments

Cash and Investments

Substantially all of our marketable debt 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:

	June 2, 2022								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	$	7,348	$	—	$	—	$	7,348	$	5,796	$	—	$	—	$	5,796
Level 1(2)
Money market funds	105		—		—		105		38		—		—		38
Level 2(3)
Corporate bonds	7		706		1,025		1,738		9		429		1,134		1,572
Certificates of deposits	1,661		45		—		1,706		1,907		69		—		1,976
Asset-backed securities	—		69		558		627		8		95		509		612
Government securities	2		170		63		235		1		190		122		313
Commercial paper	34		80		—		114		4		87		—		91
	9,157		$	1,070	$	1,646	$	11,873	7,763		$	870	$	1,765	$	10,398
Restricted cash(4)	104								66
Cash, cash equivalents, and restricted cash	$	9,261							$	7,829

(1)The maturities of long-term marketable securities primarily 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 June 2, 2022 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.

Gross realized gains and losses from sales of available-for-sale securities were not significant for any period presented.

In addition to the amounts included in the table above, we had $210 million and $153 million of non-marketable equity investments without a readily determinable fair value that were included in other noncurrent assets as of June 2, 2022 and September 2, 2021, respectively.