Note 4—Debt

During the third quarter and first thirty-six weeks of 2011, $3 of the face value of the Company's 3.5% Zero Coupon Convertible Subordinated Notes (Zero Coupon Notes) was converted by note holders into 60,000 and 65,000 shares of common stock, respectively. During the third quarter and first thirty-six weeks of 2010, a nominal amount and $1 of the face value of the Company's Zero Coupon Notes was converted by note holders into 2,000 and 16,000 shares of common stock, respectively. These amounts differ from those in the supplemental disclosure of non-cash items in the condensed consolidated statements of cash flows due to the related discount and issuance costs.

In March 2011, the Company reclassified its $900 5.3% Senior Notes due March 15, 2012, originally issued in February 2007, to a current liability within the current portion of long-term debt of the condensed consolidated balance sheets to reflect its remaining maturity of less than one year.

The carrying value and estimated fair value of long-term debt, based on quoted market prices, consisted of the following:


	May 8, 2011				August 29, 2010
	Carrying Value		Fair Value		Carrying Value		Fair Value
5.5% Senior Notes due March 2017	$	1,097	$	1,271	$	1,096	$	1,295
5.3% Senior Notes due March 2012		900		936		899		961
Zero Coupon Notes due August 2017		31		67		32		51
Other long-term debt		119		129		114		122

Total long-term debt		2,147		2,403		2,141		2,429
Less current portion		900		936		0		0

Long-term debt, excluding current portion	$	1,247	$	1,467	$	2,141	$	2,429