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Cash and Investments (Tables)
12 Months Ended
Aug. 31, 2023
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:
As of August 31, 2023As of September 1, 2022
Cash and EquivalentsShort-term Investments
Long-term Marketable Investments(1)
Total Fair ValueCash and EquivalentsShort-term Investments
Long-term Marketable Investments(1)
Total Fair Value
Cash$5,771 $— $— $5,771 $6,055 $— $— $6,055 
Level 1(2)
Money market funds1,629 — — 1,629 1,196 — — 1,196 
Level 2(3)
Certificates of deposit1,172 25 — 1,197 976 50 — 1,026 
Corporate bonds— 737 437 1,174 — 759 995 1,754 
Asset-backed securities— 15 387 402 — 20 608 628 
Government securities131 20 156 155 44 201 
Commercial paper— 109 — 109 33 85 — 118 
8,577 $1,017 $844 $10,438 8,262 $1,069 $1,647 $10,978 
Restricted cash(4)
79 77 
Cash, cash equivalents, and restricted cash$8,656 $8,339 
(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 31, 2023 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 or which will be returned if performance conditions are not met.
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:
As of August 31, 2023As of September 1, 2022
Cash and EquivalentsShort-term Investments
Long-term Marketable Investments(1)
Total Fair ValueCash and EquivalentsShort-term Investments
Long-term Marketable Investments(1)
Total Fair Value
Cash$5,771 $— $— $5,771 $6,055 $— $— $6,055 
Level 1(2)
Money market funds1,629 — — 1,629 1,196 — — 1,196 
Level 2(3)
Certificates of deposit1,172 25 — 1,197 976 50 — 1,026 
Corporate bonds— 737 437 1,174 — 759 995 1,754 
Asset-backed securities— 15 387 402 — 20 608 628 
Government securities131 20 156 155 44 201 
Commercial paper— 109 — 109 33 85 — 118 
8,577 $1,017 $844 $10,438 8,262 $1,069 $1,647 $10,978 
Restricted cash(4)
79 77 
Cash, cash equivalents, and restricted cash$8,656 $8,339 
(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 31, 2023 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 or which will be returned if performance conditions are not met.