Cash and Investments

3 Months Ended

Nov. 28, 2019

Substantially all of our marketable debt and equity 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:


	November 28, 2019														August 29, 2019
As of	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	$	2,319	$	—	$	—	$	2,319	$	2,388	$	—	$	—	$	2,388
Level 1 ⁽²⁾
Money market funds	2,565		—		—		2,565		3,418		—		—		3,418
Level 2 ⁽³⁾
Certificates of deposits	2,063		223		5		2,291		1,292		13		1		1,306
Corporate bonds	—		271		299		570		—		550		689		1,239
Government securities	—		80		159		239		36		149		232		417
Asset-backed securities	—		30		136		166		—		67		242		309
Commercial paper	22		15		—		37		18		24		—		42
	6,969		$	619	$	599	$	8,187	7,152		$	803	$	1,164	$	9,119
Restricted cash ⁽⁴⁾	126								127
Cash, cash equivalents, and restricted cash	$	7,095							$	7,279

⁽¹⁾The maturities of long-term marketable investments range from one year to four years.

⁽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 analyses to validate information obtained from these pricing services. No adjustments were made to the fair values indicated by such pricing information as of November 28, 2019 or August 29, 2019.

⁽⁴⁾Restricted cash is included in other noncurrent assets and primarily relates to the MMJ Creditor Payments and certain government incentives received prior to being earned. The restrictions lapse on the MMJ Creditor Payments upon approval by the trustees and/or Tokyo District Court and for the government incentives upon achieving certain performance conditions.

Gross realized gains and losses from sales of available-for-sale securities were not significant for any period presented. As of November 28, 2019, there were no available-for-sale securities that had been in a loss position for longer than 12 months.