Cash and Investments (Tables)

3 Months Ended

Dec. 01, 2022

Investments and Cash [Abstract]

Cash and Investments

All of our short-term investments and long-term marketable 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:

	December 1, 2022								September 1, 2022
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	$	6,706	$	—	$	—	$	6,706	$	6,055	$	—	$	—	$	6,055
Level 1(2)
Money market funds	925		—		—		925		1,196		—		—		1,196
Level 2(3)
Certificates of deposit	1,879		50		—		1,929		976		50		—		1,026
Corporate bonds	8		757		839		1,604		—		759		995		1,754
Asset-backed securities	—		20		547		567		—		20		608		628
Government securities	13		130		40		183		2		155		44		201
Commercial paper	43		50		—		93		33		85		—		118
	9,574		$	1,007	$	1,426	$	12,007	8,262		$	1,069	$	1,647	$	10,978
Restricted cash(4)	68								77
Cash, cash equivalents, and restricted cash	$	9,642							$	8,339

(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 December 1, 2022 or September 1, 2022.

(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

All of our short-term investments and long-term marketable 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:

	December 1, 2022								September 1, 2022
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	$	6,706	$	—	$	—	$	6,706	$	6,055	$	—	$	—	$	6,055
Level 1(2)
Money market funds	925		—		—		925		1,196		—		—		1,196
Level 2(3)
Certificates of deposit	1,879		50		—		1,929		976		50		—		1,026
Corporate bonds	8		757		839		1,604		—		759		995		1,754
Asset-backed securities	—		20		547		567		—		20		608		628
Government securities	13		130		40		183		2		155		44		201
Commercial paper	43		50		—		93		33		85		—		118
	9,574		$	1,007	$	1,426	$	12,007	8,262		$	1,069	$	1,647	$	10,978
Restricted cash(4)	68								77
Cash, cash equivalents, and restricted cash	$	9,642							$	8,339

(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 December 1, 2022 or September 1, 2022.

(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.