MICRON TECHNOLOGY INC - 10-Q filing on 2013-07-08

Fair Value Measurements (Tables)

9 Months Ended

May 30, 2013

Assets measured at fair value on a recurring basis

Assets measured at fair value on a recurring basis were as follows:



As of	May 30, 2013								August 30, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	2,018	$	—	$	—	$	2,018	$	2,159	$	—	$	—	$	2,159
Commercial paper	—		54		—		54		—		29		—		29
Certificates of deposit	—		32		—		32		—		27		—		27
Government securities	—		—		—		—		—		5		—		5
	2,018		86		—		2,104		2,159		61		—		2,220
Short-term investments:
Corporate bonds	—		45		—		45		—		31		—		31
Government securities	—		41		—		41		—		51		—		51
Commercial paper	—		25		—		25		—		10		—		10
Certificates of deposit	—		1		—		1		—		4		—		4
Asset-backed securities	—		—		—		—		—		4		—		4
	—		112		—		112		—		100		—		100
Long-term marketable investments:
Corporate bonds	—		211		—		211		—		203		—		203
Asset-backed securities	—		72		—		72		—		73		—		73
Government securities	—		55		—		55		—		88		—		88
Marketable equity securities	7		2		—		9		5		5		—		10
	7		340		—		347		5		369		—		374

	$	2,025	$	538	$	—	$	2,563	$	2,164	$	530	$	—	$	2,694

Estimated fair value and carrying value of debt instruments

The estimated fair value and carrying value of debt instruments (carrying value excludes the equity components of our convertible notes classified in equity) were as follows:



As of	May 30, 2013				August 30, 2012
	Fair Value		Carrying Value		Fair Value		Carrying Value
Convertible notes	$	3,825	$	2,484	$	2,669	$	2,321
Other notes	220		228		56		58