Cash and Investments

6 Months Ended

Feb. 27, 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 equivalents and the fair values of our available-for-sale investments, which approximated amortized costs, were as follows:


	As of February 27, 2025								As of August 29, 2024
	Cash and Equivalents		Short-term Investments		Long-term Marketable Investments(1)		Total Fair Value		Cash and Equivalents		Short-term Investments		Long-term Marketable Investments(1)		Total Fair Value

Cash	$	7,334	$	—	$	—	$	7,334	$	6,654	$	—	$	—	$	6,654
Level 1(2)
Money market funds	17		—		—		17		20		—		—		20
Level 2(3)
Certificates of deposit	147		6		—		153		316		6		—		322
Corporate bonds	—		520		880		1,400		—		771		571		1,342
Asset-backed securities	—		28		430		458		—		46		433		479
Government securities	23		51		65		139		35		82		42		159
Commercial paper	31		58		—		89		16		160		—		176
	7,552		$	663	$	1,375	$	9,590	7,041		$	1,065	$	1,046	$	9,152
Restricted cash(4)	11								11
Cash, cash equivalents, and restricted cash	$	7,563							$	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 February 27, 2025 or August 29, 2024.

(4)Restricted cash is included in other current 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.

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

Non-marketable Equity Investments

In addition to the amounts included in the table above, we had $196 million and $190 million of non-marketable equity investments without a readily determinable fair value that were included in other noncurrent assets as of February 27, 2025 and August 29, 2024, respectively. For non-marketable investments, we recognized in other non-operating income (expense) a net loss of $31 million for the first six months of 2024. The amounts recognized for the other periods presented were not significant. Our non-marketable equity investments are recorded at fair value on a non-recurring basis and classified as Level 3.