Cash and Investments

12 Months Ended

Aug. 28, 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 August 28, 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	$	7,875	$	—	$	—	$	7,875	$	6,654	$	—	$	—	$	6,654
Level 1(2)
Money market funds	410		—		—		410		20		—		—		20
Level 2(3)
Certificates of deposit	1,292		6		—		1,298		316		6		—		322
Corporate bonds	23		559		1,047		1,629		—		771		571		1,342
Asset-backed securities	—		31		521		552		—		46		433		479
Government securities	9		43		61		113		35		82		42		159
Commercial paper	33		26		—		59		16		160		—		176
	9,642		$	665	$	1,629	$	11,936	7,041		$	1,065	$	1,046	$	9,152
Restricted cash(4)	4								11
Cash, cash equivalents, and restricted cash	$	9,646							$	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 August 28, 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 $194 million and $190 million of non-marketable equity investments without a readily determinable fair value that were included in other noncurrent assets as of August 28, 2025 and August 29, 2024, respectively. For non-marketable investments, we recognized net losses in other non-operating income (expense) of $10 million, $32 million, and $7 million in 2025, 2024, and 2023, respectively. Our non-marketable equity investments are recorded at fair value on a non-recurring basis and classified as Level 3.