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Debt
 3 Months Ended
Nov. 25, 2012
Debt

Note 4—Debt

The carrying value and estimated fair value of the Company’s long-term debt consisted of the following:

 

     November 25, 2012      September 2, 2012  
     Carrying
Value		      Fair
Value		      Carrying
Value		      Fair
Value		  

5.5% Senior Notes due March 2017

    $ 1,097       $ 1,313       $ 1,097       $ 1,325   

Other long-term debt

      270         323         285         338   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total long-term debt

      1,367         1,636         1,382         1,663   

Less current portion

      1         1         1         1   
  

 

 

     

 

 

     

 

 

     

 

 

  

Long-term debt, excluding current portion

    $ 1,366       $ 1,635       $ 1,381       $ 1,662   
  

 

 

     

 

 

     

 

 

     

 

 

  

The current portion of long-term debt is included in other current liabilities in the accompanying condensed consolidated balance sheets. The estimated fair value of the Company’s debt was based primarily on reported market values, recently completed market transactions and estimates based upon interest rates, maturities, and credit. Substantially all of the Company’s long-term debt is classified as Level 2.