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Fair Value Measurement
 3 Months Ended
Nov. 25, 2018
Fair Value Disclosures [Abstract]  
Fair Value Measurement
Note 3—Fair Value Measurement
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The tables below present information regarding financial assets and financial liabilities that are measured at fair value on a recurring basis and indicate the level within the hierarchy reflecting the valuation techniques utilized to determine fair value.
November 25, 2018:
Level 1
 
Level 2
Money market mutual funds(1)
$
4

 
$
0

Investment in government and agency securities(2)
0

 
896

Forward foreign-exchange contracts, in asset position(3)
0

 
12

Forward foreign-exchange contracts, in (liability) position(3)
0

 
(1
)
Total
$
4

 
$
907

 
September 2, 2018:
Level 1
 
Level 2
Money market mutual funds(1)
$
9

 
$
0

Investment in government and agency securities(2)
0

 
903

Forward foreign-exchange contracts, in asset position(3)
0

 
16

Forward foreign-exchange contracts, in (liability) position(3)
0

 
(2
)
Total
$
9

 
$
917

 _______________
(1)
Included in cash and cash equivalents in the accompanying condensed consolidated balance sheets.
(2)
At November 25, 2018, immaterial cash and cash equivalents and $887 short-term investments are included in the accompanying condensed consolidated balance sheets. At September 2, 2018, immaterial cash and cash equivalents and $898 short-term investments are included in the accompanying condensed consolidated balance sheets.
(3)
The asset and the liability values are included in other current assets and other current liabilities, respectively, in the accompanying condensed consolidated balance sheets.
During and at the periods ended November 25, 2018, and September 2, 2018, the Company did not hold any Level 3 financial assets or liabilities that were measured at fair value on a recurring basis. There were no transfers in or out of Level 1 or 2 during the first quarter of 2019 or 2018.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities recognized and disclosed at fair value on a nonrecurring basis include items such as financial assets recorded at amortized cost and long-lived nonfinancial assets. These assets are measured at fair value if determined to be impaired. There were no fair value adjustments to these items during the first quarter of 2019 or 2018.