Cash and Investments

9 Months Ended

May 29, 2025

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


	As of May 29, 2025								As of August 29, 2024
	Cash and Cash Equivalents		Short-term Investments		Long-term Marketable Investments(1)		Total Fair Value		Cash and Cash Equivalents		Short-term Investments		Long-term Marketable Investments(1)		Total Fair Value

Cash	$	8,331	$	—	$	—	$	8,331	$	6,654	$	—	$	—	$	6,654
Level 1(2)
Money market funds	629		—		—		629		20		—		—		20
Level 2(3)
Certificates of deposit	1,064		6		—		1,070		316		6		—		322
Corporate bonds	28		517		894		1,439		—		771		571		1,342
Asset-backed securities	—		12		442		454		—		46		433		479
Government securities	45		53		66		164		35		82		42		159
Commercial paper	66		60		—		126		16		160		—		176
	10,163		$	648	$	1,402	$	12,213	7,041		$	1,065	$	1,046	$	9,152
Restricted cash(4)	6								11
Cash, cash equivalents, and restricted cash	$	10,169							$	7,052

(1)The maturities of long-term marketable investments primarily range from one to five years, except for asset-backed securities which are not due at a single maturity date.

(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 May 29, 2025 or August 29, 2024.

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

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

Non-marketable Equity Investments

In addition to the amounts included in the table above, we had $197 million and $190 million of non-marketable equity investments without a readily determinable fair value that were included in other noncurrent assets as of May 29, 2025 and August 29, 2024, respectively. For non-marketable investments, we recognized in other non-operating income (expense) a net loss of $29 million for the first nine months of 2024. The amounts recognized for the other periods presented were not material. Our non-marketable equity investments are recorded at fair value on a non-recurring basis and classified as Level 3.