Derivative Instruments (Tables)

Total gross notional amounts and fair values for derivative instruments without hedge accounting designation were as follows:



As of November 28, 2013	Notional Amount⁽¹⁾		Fair Value of
As of November 28, 2013	Notional Amount⁽¹⁾		Current Assets⁽²⁾		Noncurrent Assets⁽³⁾		(Current Liabilities)⁽⁴⁾			(Noncurrent Liabilities)⁽⁵⁾
Currency forward contracts:
Yen	$	496	$	—	$	—	$	(13	)	$	(4	)
Singapore dollar	265		—		—		(2		)	—
Shekel	81		—		—		—			—
Euro	58		—		—		(1		)	—
Interest rate swap contracts	59		—		—		—			—
	$	959

Convertible notes settlement obligations	21		—		—		(444		)	—
			$	—	$	—	$	(460	)	$	(4	)

As of August 29, 2013
Forward contracts:
Yen	$	336	$	1	$	3	$	—		$	—
Singapore dollar	218		—		—		—			—
Shekel	78		—		—		(1		)	—
Euro	217		1		—		(1		)	—
Interest rate swap contracts	62		—		—		—			—
Currency options:
New Taiwan dollar	351		—		—		—			—
	$	1,262	$	2	$	3	$	(2	)	$	—


⁽¹⁾	Notional amounts of forward, option and interest rate swap contracts in U.S. dollars and convertible notes settlement obligations in shares.


⁽²⁾	Included in receivables – other.


⁽³⁾	Included in other noncurrent assets.


⁽⁴⁾	Included in accounts payable and accrued expenses – other for forward, option and interest rate swap contracts and in current portion of long-term debt for convertible notes settlement obligations.


⁽⁵⁾	Included in other noncurrent liabilities.

Total gross notional amounts and fair values for derivative instruments with cash flow hedge accounting designation were as follows:



As of November 28, 2013	Notional Amount (in U.S. Dollars)		Fair Value of Current Liabilities⁽¹⁾
Currency forward contracts:
Euro	$	15	$	—
Yen	12		—
Currency options:
Yen	11		(1		)
Interest swap contracts:	234		(2		)
	$	272	$	(3	)
As of August 29, 2013
Currency forward contracts:
Yen	$	6	$	(1	)
Euro	6		—
Currency options:
Yen	21		(2		)
Interest swap contracts:	250		—
	$	283	$	(3	)


⁽¹⁾	Included in accounts payable and accrued expenses – other.

The following table presents the gross amounts of our derivative assets and liabilities and the net amounts recorded in our consolidated balance sheet:



As of November 28, 2013	Current Assets⁽¹⁾			(Current Liabilities)⁽²⁾			(Noncurrent Liabilities)⁽³⁾
Gross amount	$	1		$	(463	)	$	(4	)
Gross amounts offset in the statement of financial position	(1		)	1			—
Net amounts presented in the statement of financial position	$	—		$	(462	)	$	(4	)

⁽¹⁾ Included in receivables – other.

⁽²⁾ Included in current portion of long-term debt and accounts payable and accrued expenses – other.

⁽³⁾ Included in other noncurrent liabilities.