Micron Technology (MU) 10-Q21 Dec 232024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Nov. 30, 2023	Dec. 14, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 2023
Document Transition Report	false
Entity File Number	1-10658
Entity Registrant Name	Micron Technology, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-1618004
Entity Address, Address Line One	8000 S. Federal Way
Entity Address, City or Town	Boise
Entity Address, State or Province	ID
Entity Address, Postal Zip Code	83716
City Area Code	208
Local Phone Number	368-4000
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	MU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,103,908,880
Entity Central Index Key	0000723125
Current Fiscal Year End Date	--08-29
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Income Statement [Abstract]
Revenue	$ 4,726	$ 4,085
Cost of goods sold	4,761	3,192
Gross margin	(35)	893
Research and development	845	849
Selling, general, and administrative	263	251
Restructure and asset impairments	0	13
Other operating (income) expense, net	(15)	(11)
Operating income (loss)	(1,128)	(209)
Interest income	132	88
Interest expense	(132)	(51)
Other non-operating income (expense), net	(27)	(4)
Income (loss) before income taxes and equity in net income (loss) of equity method investees	(1,155)	(176)
Income tax (provision) benefit	(73)	(8)
Equity in net income (loss) of equity method investees	(6)	(11)
Net income (loss)	$ (1,234)	$ (195)
Earnings (loss) per share
Basic (in dollars per share)	$ (1.12)	$ (0.18)
Diluted (in dollars per share)	$ (1.12)	$ (0.18)
Number of shares used in per share calculations
Basic (in shares)	1,100	1,090
Diluted (in shares)	1,100	1,090

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,234)	$ (195)
Other comprehensive income (loss), net of tax
Gains (losses) on derivative instruments	44	108
Unrealized gains (losses) on investments	7	(19)
Pension liability adjustments	2	1
Foreign currency translation adjustments	(1)	(3)
Other comprehensive income (loss)	52	87
Total comprehensive income (loss)	$ (1,182)	$ (108)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Nov. 30, 2023	Aug. 31, 2023
Assets
Cash and equivalents		$ 8,075	$ 8,577
Short-term investments		973	1,017
Receivables		2,943	2,443
Inventories		8,276	8,387
Other current assets		791	820
Total current assets		21,058	21,244
Long-term marketable investments	[1]	720	844
Property, plant, and equipment		37,677	37,928
Operating lease right-of-use assets		648	666
Intangible assets		416	404
Deferred tax assets		781	756
Goodwill		1,150	1,150
Other noncurrent assets		1,326	1,262
Total assets		63,776	64,254
Liabilities and equity
Accounts payable and accrued expenses		3,946	3,958
Current debt		908	278
Other current liabilities		1,108	529
Total current liabilities		5,962	4,765
Long-term debt		12,597	13,052
Noncurrent operating lease liabilities		601	603
Noncurrent unearned government incentives		705	727
Other noncurrent liabilities		1,026	987
Total liabilities		20,891	20,134
Commitments and contingencies
Shareholders’ equity
Common stock, $0.10 par value, 3,000 shares authorized, 1,245 shares issued and 1,104 outstanding (1,239 shares issued and 1,098 outstanding as of August 31, 2023)		124	124
Additional capital		11,217	11,036
Retained earnings		39,356	40,824
Treasury stock, 141 shares held (141 shares as of August 31, 2023)		(7,552)	(7,552)
Accumulated other comprehensive income (loss)		(260)	(312)
Total equity		42,885	44,120
Total liabilities and equity		$ 63,776	$ 64,254

[1] The maturities of long-term marketable investments primarily range from one five years, except for asset-backed securities which are not due at a single maturity date.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Nov. 30, 2023	Aug. 31, 2023
Shareholders’ equity
Common Stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common Stock, authorized shares (in shares)	3,000	3,000
Common Stock, issued (in shares)	1,245	1,239
Common Stock, outstanding (in shares)	1,104	1,098
Treasury Stock, held (in shares)	141	141

STATEMENT OF CHANGES IN EQUITY

STATEMENT OF CHANGES IN EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Balance (in shares) at Sep. 01, 2022		1,226
Balance of total equity at Sep. 01, 2022	$ 49,907	$ 123	$ 10,197	$ 47,274	$ (7,127)	$ (560)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(195)			(195)
Other comprehensive income (loss), net	87					87
Stock issued under stock plans (in shares)		8
Stock issued under stock plans	7	$ 0	7
Stock-based compensation expense	146		146
Repurchase of stock - repurchase program	(425)				(425)
Repurchase of stock - withholdings on employee equity awards (in shares)		(2)
Repurchase of stock - withholdings on employee equity awards	$ (95)	$ 0	(15)	(80)
Dividends and dividend equivalents declared (per share)	$ 0.115
Dividends and dividend equivalents declared	$ (126)			(126)
Balance (in shares) at Dec. 01, 2022		1,232
Balance of total equity at Dec. 01, 2022	$ 49,306	$ 123	10,335	46,873	(7,552)	(473)
Balance (in shares) at Aug. 31, 2023	1,239	1,239
Balance of total equity at Aug. 31, 2023	$ 44,120	$ 124	11,036	40,824	(7,552)	(312)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,234)			(1,234)
Other comprehensive income (loss), net	52					52
Stock issued under stock plans (in shares)		8
Stock issued under stock plans	9	$ 0	9
Stock-based compensation expense	188		188
Repurchase of stock - withholdings on employee equity awards (in shares)		(2)
Repurchase of stock - withholdings on employee equity awards	$ (121)	$ 0	(16)	(105)
Dividends and dividend equivalents declared (per share)	$ 0.115
Dividends and dividend equivalents declared	$ (129)			(129)
Balance (in shares) at Nov. 30, 2023	1,245	1,245
Balance of total equity at Nov. 30, 2023	$ 42,885	$ 124	$ 11,217	$ 39,356	$ (7,552)	$ (260)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Cash flows from operating activities
Net income (loss)	$ (1,234)	$ (195)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense and amortization of intangible assets	1,915	1,921
Stock-based compensation	188	146
Change in operating assets and liabilities:
Receivables	(501)	1,842
Inventories	111	(1,697)
Accounts payable and accrued expenses	271	(630)
Other current liabilities	579	(430)
Other	72	(14)
Net cash provided by operating activities	1,401	943
Cash flows from investing activities
Expenditures for property, plant, and equipment	(1,796)	(2,449)
Purchases of available-for-sale securities	(199)	(90)
Proceeds from maturities and sales of available-for-sale securities	374	362
Proceeds from government incentives	85	2
Other	(22)	(91)
Net cash provided by (used for) investing activities	(1,558)	(2,266)
Cash flows from financing activities
Payments of dividends to shareholders	(129)	(126)
Payments on equipment purchase contracts	(56)	(47)
Repayments of debt	(53)	(20)
Repurchases of common stock - repurchase program	0	(425)
Proceeds from issuance of debt	0	3,349
Other	(114)	(99)
Net cash provided by (used for) financing activities	(352)	2,632
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash	(1)	(6)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(510)	1,303
Cash, cash equivalents, and restricted cash at beginning of period	8,656	8,339
Cash, cash equivalents, and restricted cash at end of period	$ 8,146	$ 9,642

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Nov. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies For a discussion of our significant accounting policies, see “Part II – Item 8. Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Significant Accounting Policies” of our Annual Report on Form 10-K for the year ended August 31, 2023. There have been no changes to our significant accounting policies since our Annual Report on Form 10-K for the year ended August 31, 2023. Basis of Presentation The accompanying consolidated financial statements include the accounts of Micron Technology, Inc. and our consolidated subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) consistent in all material respects with those applied in our Annual Report on Form 10-K for the year ended August 31, 2023. In the opinion of our management, the accompanying unaudited consolidated financial statements contain all necessary adjustments, consisting of a normal recurring nature, to fairly state the financial information set forth herein. Certain reclassifications have been made to prior period amounts to conform to current period presentation. Our fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. Fiscal years 2024 and 2023 each contain 52 weeks. All period references are to our fiscal periods unless otherwise indicated. These interim financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended August 31, 2023.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
Variable Interest Entities	Nov. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities A number of special purpose entities (the "Lease SPEs") were created by a third-party to facilitate equipment lease financing transactions between us and financial institutions that fund the lease financing transactions ("Financing Entities"). Neither we nor the Financing Entities have an equity interest in the Lease SPEs. The Lease SPEs are variable interest entities because their equity is not sufficient to permit them to finance their activities without additional support from the Financing Entities and because the third-party equity holder lacks characteristics of a controlling financial interest. By design, the arrangements with the Lease SPEs are merely financing vehicles and we do not bear any significant risks from variable interests with the Lease SPEs. We have determined that we do not have the power to direct the activities of the Lease SPEs that most significantly impact their economic performance and we do not consolidate the Lease SPEs. As of November 30, 2023, we had approximately $250 million of financial lease liabilities and right-of-use assets under these arrangements.

Cash and Investments

Cash and Investments	3 Months Ended
Cash and Investments	Nov. 30, 2023
Investments and Cash [Abstract]
Cash and Investments	Cash and Investments 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 November 30, 2023 As of August 31, 2023 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 $ 5,400 $ — $ — $ 5,400 $ 5,771 $ — $ — $ 5,771 Level 1 (2) Money market funds 1,570 — — 1,570 1,629 — — 1,629 Level 2 (3) Certificates of deposit 1,090 26 — 1,116 1,172 25 — 1,197 Corporate bonds — 681 359 1,040 — 737 437 1,174 Asset-backed securities — 16 349 365 — 15 387 402 Government securities 15 152 12 179 5 131 20 156 Commercial paper — 98 — 98 — 109 — 109 8,075 $ 973 $ 720 $ 9,768 8,577 $ 1,017 $ 844 $ 10,438 Restricted cash (4) 71 79 Cash, cash equivalents, and restricted cash $ 8,146 $ 8,656 (1) The maturities of long-term marketable investments primarily range from one 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 November 30, 2023 or August 31, 2023. (4) Restricted cash is included in other current assets and other noncurrent 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

Receivables

Receivables	3 Months Ended
Receivables	Nov. 30, 2023
Receivables [Abstract]
Receivables	Receivables As of November 30, August 31, Trade receivables $ 2,478 $ 2,048 Income and other taxes 217 194 Other 248 201 $ 2,943 $ 2,443

Inventories

Inventories	3 Months Ended
Inventories	Nov. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories As of November 30, August 31, Finished goods $ 1,282 $ 1,616 Work in process 6,334 6,111 Raw materials and supplies 660 660 $ 8,276 $ 8,387

Property, Plant, and Equipment

Property, Plant, and Equipment	3 Months Ended
Property, Plant, and Equipment	Nov. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment	Property, Plant, and Equipment As of November 30, August 31, Land $ 283 $ 283 Buildings 18,652 17,967 Equipment (1) 66,392 65,555 Construction in progress (2) 2,215 2,464 Software 1,377 1,316 88,919 87,585 Accumulated depreciation (51,242) (49,657) $ 37,677 $ 37,928 (1) Includes costs related to equipment not placed into service of $2.88 billion as of November 30, 2023 and $2.91 billion as of August 31, 2023. (2) Includes building-related construction, tool installation, and software costs for assets not placed into service.

Intangible Assets

Intangible Assets	3 Months Ended
Intangible Assets	Nov. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets As of November 30, 2023 As of August 31, 2023 Gross Accumulated Net Carrying Amount Gross Accumulated Net Carrying Amount Product and process technology $ 631 $ (226) $ 405 $ 613 $ (209) $ 404 Other 11 — 11 — — — $ 642 $ (226) $ 416 $ 613 $ (209) $ 404 In the first quarters of 2024 and 2023, we capitalized $22 million and $30 million, respectively, for product and process technology with weighted-average useful lives of 9 years and 10 years, respectively. Amortization expense was $20 million and $23 million for the first three months of 2024 and 2023, respectively. Expected amortization expense is $59 million for the remainder of 2024, $54 million for 2025, $50 million for 2026, $46 million for 2027, and $44 million for 2028.

Leases

Leases	3 Months Ended
Leases	Nov. 30, 2023
Leases [Abstract]
[Finance] Leases	Leases The components of lease cost are presented below: Three months ended November 30, 2023 December 1, 2022 Finance lease cost Amortization of right-of-use asset $ 32 $ 24 Interest on lease liability 6 6 Operating lease cost (1) 33 36 $ 71 $ 66 (1) Operating lease cost includes short-term and variable lease expenses, which were not material for the periods presented. Supplemental cash flow information related to leases was as follows: Three months ended November 30, 2023 December 1, 2022 Cash flows used for operating activities Finance leases $ 6 $ 5 Operating leases 33 33 Cash flows used for financing activities – Finance leases 27 20 Noncash acquisitions of right-of-use assets Finance leases 217 43 Operating leases — 35 Supplemental balance sheet information related to leases was as follows: As of November 30, August 31, Finance lease right-of-use assets (included in property, plant, and equipment) $ 1,497 $ 1,311 Current operating lease liabilities (included in accounts payable and accrued expenses) 62 66 Weighted-average remaining lease term (in years) Finance leases 8 9 Operating leases 11 11 Weighted-average discount rate Finance leases 4.25 % 3.86 % Operating leases 3.23 % 3.21 % As of November 30, 2023, maturities of lease liabilities by fiscal year were as follows: For the year ending Finance Leases Operating Leases Remainder of 2024 $ 204 $ 50 2025 255 77 2026 241 76 2027 235 76 2028 225 74 2029 and thereafter 541 453 Less imputed interest (220) (143) $ 1,481 $ 663 The table above excludes obligations for leases that have been executed but have not yet commenced. As of November 30, 2023, excluded obligations consisted of $122 million of finance lease obligations over a weighted-average period of 8 years for gas supply arrangements deemed to contain embedded leases and equipment leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.
[Operating] Leases	Leases The components of lease cost are presented below: Three months ended November 30, 2023 December 1, 2022 Finance lease cost Amortization of right-of-use asset $ 32 $ 24 Interest on lease liability 6 6 Operating lease cost (1) 33 36 $ 71 $ 66 (1) Operating lease cost includes short-term and variable lease expenses, which were not material for the periods presented. Supplemental cash flow information related to leases was as follows: Three months ended November 30, 2023 December 1, 2022 Cash flows used for operating activities Finance leases $ 6 $ 5 Operating leases 33 33 Cash flows used for financing activities – Finance leases 27 20 Noncash acquisitions of right-of-use assets Finance leases 217 43 Operating leases — 35 Supplemental balance sheet information related to leases was as follows: As of November 30, August 31, Finance lease right-of-use assets (included in property, plant, and equipment) $ 1,497 $ 1,311 Current operating lease liabilities (included in accounts payable and accrued expenses) 62 66 Weighted-average remaining lease term (in years) Finance leases 8 9 Operating leases 11 11 Weighted-average discount rate Finance leases 4.25 % 3.86 % Operating leases 3.23 % 3.21 % As of November 30, 2023, maturities of lease liabilities by fiscal year were as follows: For the year ending Finance Leases Operating Leases Remainder of 2024 $ 204 $ 50 2025 255 77 2026 241 76 2027 235 76 2028 225 74 2029 and thereafter 541 453 Less imputed interest (220) (143) $ 1,481 $ 663 The table above excludes obligations for leases that have been executed but have not yet commenced. As of November 30, 2023, excluded obligations consisted of $122 million of finance lease obligations over a weighted-average period of 8 years for gas supply arrangements deemed to contain embedded leases and equipment leases. We will recognize right-of-use assets and associated lease liabilities at the time such assets become available for our use.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
Accounts Payable and Accrued Expenses	Nov. 30, 2023
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses As of November 30, August 31, Accounts payable $ 1,721 $ 1,725 Property, plant, and equipment 1,197 1,419 Salaries, wages, and benefits 621 367 Income and other taxes 97 67 Other 310 380 $ 3,946 $ 3,958

Debt

Debt	3 Months Ended
Debt	Nov. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt As of November 30, 2023 As of August 31, 2023 Net Carrying Amount Net Carrying Amount Stated Rate Effective Rate Current Long-Term Total Current Long-Term Total 2024 Term Loan A 6.163 % 6.20 % $ 587 $ — $ 587 $ — $ 587 $ 587 2025 Term Loan A 6.698 % 6.83 % — 1,050 1,050 — 1,050 1,050 2026 Term Loan A 6.823 % 6.96 % 49 909 958 49 921 970 2027 Term Loan A 6.948 % 7.09 % 57 1,049 1,106 57 1,063 1,120 2026 Notes 4.975 % 5.07 % — 499 499 — 499 499 2027 Notes (1) 4.185 % 4.27 % — 797 797 — 798 798 2028 Notes 5.375 % 5.52 % — 597 597 — 596 596 2029 A Notes 5.327 % 5.40 % — 697 697 — 697 697 2029 B Notes 6.750 % 6.54 % — 1,263 1,263 — 1,263 1,263 2030 Notes 4.663 % 4.73 % — 847 847 — 846 846 2032 Green Bonds 2.703 % 2.77 % — 995 995 — 995 995 2033 A Notes 5.875 % 5.96 % — 745 745 — 745 745 2033 B Notes 5.875 % 6.01 % — 890 890 — 890 890 2041 Notes 3.366 % 3.41 % — 497 497 — 497 497 2051 Notes 3.477 % 3.52 % — 496 496 — 496 496 Finance lease obligations N/A 4.25 % 215 1,266 1,481 172 1,109 1,281 $ 908 $ 12,597 $ 13,505 $ 278 $ 13,052 $ 13,330 (1) In 2021, we entered into fixed-to-floating interest rate swaps on the 2027 Notes with an aggregate $900 million notional amount equal to the principal amount of the 2027 Notes. The resulting variable interest paid is at a rate equal to SOFR plus approximately 3.33%. The fixed-to-floating interest rate swaps are accounted for as fair value hedges, and as a result, the carrying values of our 2027 Notes reflect adjustments in fair value. Revolving Credit Facility As of November 30, 2023, no amounts were outstanding under the Revolving Credit Facility and $2.50 billion was available to us. Under the Revolving Credit Facility, borrowings would generally bear interest at a rate equal to adjusted term SOFR plus 1.00% to 1.75%, depending on our corporate credit ratings. Adjusted term SOFR for the Revolving Credit Facility agreement is the SOFR benchmark plus a credit spread adjustment ranging from approximately 0.11% to 0.43% depending on the applicable interest period selected. Any amounts outstanding under the Revolving Credit Facility would mature in May 2026 and amounts borrowed may be prepaid without penalty. The Revolving Credit Facility requires us to maintain, on a consolidated basis, a leverage ratio of total indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00. On March 27, 2023, we amended the Revolving Credit Facility to provide that in lieu of the foregoing leverage ratio, during the fourth quarter of 2023 and each quarter of 2024, we will be required to maintain, on a consolidated basis, a net leverage ratio of total net indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00. Alternatively, for up to three of such five quarters, we may elect to comply with a requirement of minimum liquidity, as defined in the Revolving Credit Facility, of not less than $5.0 billion. In the fourth quarter of 2023 and first quarter of 2024, we complied with the net leverage ratio requirement. Each of the leverage ratio and net leverage ratio maximums, as applicable, is subject to a temporary four quarter increase in such ratio to 3.75 to 1.00 following certain material acquisitions. Maturities of Notes Payable As of November 30, 2023, maturities of notes payable by fiscal year were as follows: Remainder of 2024 $ 81 2025 695 2026 1,659 2027 1,780 2028 1,492 2029 and thereafter 6,450 Unamortized issuance costs, discounts, and premium, net (32) Hedge accounting fair value adjustment (101) $ 12,024

Contingencies

Contingencies	3 Months Ended
Contingencies	Nov. 30, 2023
Loss Contingency [Abstract]
Contingencies	Contingencies We are currently a party to legal actions other than those described below arising from the normal course of business, none of which are expected to have a material adverse effect on our business, results of operations, or financial condition. Patent Matters As is typical in the semiconductor and other high-tech industries, from time to time, others have asserted, and may in the future assert, that our products or manufacturing processes infringe upon their intellectual property rights. On March 19, 2018, Micron Semiconductor (Xi’an) Co., Ltd. (“MXA”) was served with a patent infringement complaint filed by Fujian Jinhua Integrated Circuit Co., Ltd. (“Jinhua”) in the Fuzhou Intermediate People’s Court in Fujian Province, China (the “Fuzhou Court”). On April 3, 2018, Micron Semiconductor (Shanghai) Co. Ltd. (“MSS”) was served with the same complaint. The complaint alleged that MXA and MSS infringed one Chinese patent by manufacturing and selling certain Crucial DDR4 DRAM modules. The complaint sought an order requiring MXA and MSS to destroy inventory of the accused products and equipment for manufacturing the accused products in China; to stop manufacturing, using, selling, and offering for sale the accused products in China; and to pay damages of 98 million Chinese yuan plus court fees incurred. On December 4, 2023, Micron and Jinhua entered a settlement agreement under which Jinhua will file an application to the Fuzhou Court to withdraw its complaints against MXA and MSS. On March 21, 2018, MXA was served with a patent infringement complaint filed by United Microelectronics Corporation (“UMC”) in the Fuzhou Court. On April 3, 2018, MSS was served with the same complaint. The complaint alleges that MXA and MSS infringed one Chinese patent by manufacturing and selling certain Crucial DDR4 DRAM modules. The complaint seeks an order requiring MXA and MSS to destroy inventory of the accused products and equipment for manufacturing the accused products in China; to stop manufacturing, using, selling, and offering for sale the accused products in China; and to pay damages of 90 million Chinese yuan plus court fees incurred. On November 26, 2021, pursuant to a settlement agreement between UMC and Micron, UMC filed an application to the Fuzhou Court to withdraw its complaints against MXA and MSS. On April 3, 2018, MSS was served with another patent infringement complaint filed by Jinhua and an additional complaint filed by UMC in the Fuzhou Court. The additional complaints alleged that MSS infringed two Chinese patents by manufacturing and selling certain Crucial MX300 SSDs. The complaint filed by UMC sought an order requiring MSS to destroy inventory of the accused products and equipment for manufacturing the accused products in China; to stop manufacturing, using, selling, and offering for sale the accused products in China; and to pay damages of 90 million Chinese yuan plus court fees incurred. The complaint filed by Jinhua sought an order requiring MSS to destroy inventory of the accused products and equipment for manufacturing the accused products in China; to stop manufacturing, using, selling, and offering for sale the accused products in China; and to pay damages of 98 million Chinese yuan plus court fees incurred. On November 26, 2021, pursuant to a settlement agreement between UMC and Micron, UMC filed an application to the Fuzhou Court to withdraw its complaint against MSS. On December 4, 2023, Micron and Jinhua entered a settlement agreement under which Jinhua will file an application to the Fuzhou Court to withdraw its complaint against MSS. On July 5, 2018, MXA and MSS were notified that the Fuzhou Court granted a preliminary injunction against those entities that enjoins them from manufacturing, selling, or importing certain Crucial and Ballistix-branded DRAM modules and solid-state drives in China. On December 4, 2023, Micron and Jinhua entered a settlement agreement under which Jinhua will file an application to the Fuzhou Court to withdraw the injunction. On April 28, 2021, Netlist, Inc. (“Netlist”) filed two patent infringement actions against Micron, Micron Semiconductor Products, Inc. (“MSP”), and Micron Technology Texas, LLC (“MTEC”) in the U.S. District Court for the Western District of Texas. The first complaint alleges that one U.S. patent is infringed by certain of our non-volatile dual in-line memory modules. The second complaint alleges that three U.S. patents are infringed by certain of our load-reduced dual in-line memory modules (“LRDIMMs”). Each complaint seeks injunctive relief, damages, attorneys’ fees, and costs. On March 31, 2022, Netlist filed a patent infringement complaint against Micron and Micron Semiconductor Germany, GmbH in Dusseldorf Regional Court alleging that two German patents are infringed by certain of our LRDIMMs. The complaint seeks damages, costs, and injunctive relief. On June 10, 2022, Netlist filed a patent infringement complaint against Micron, MSP, and MTEC in the U.S. District Court for the Eastern District of Texas (“E.D. Tex.”) alleging that six U.S. patents are infringed by certain of our memory modules and HBM products. On August 1, 2022, Netlist filed a second patent infringement complaint against the same defendants in E.D. Tex. alleging that one U.S. patent is infringed by certain of our LRDIMMs. On August 15, 2022, Netlist amended the second complaint to assert that two additional U.S. patents are infringed by certain of our LRDIMMs. The complaints in E.D. Tex. seek injunctive relief, damages, and attorneys’ fees. On August 16, 2022, Sonrai Memory Ltd. filed a patent infringement complaint against Micron in the U.S. District Court for the Western District of Texas. The complaint alleges that two U.S. patents are infringed by certain SSD and NAND flash products. The complaint seeks damages, attorneys’ fees, and costs. On January 23, 2023, Besang Inc. filed a patent infringement complaint against Micron in the U.S. District Court for the Eastern District of Texas. The complaint alleges that one U.S. patent is infringed by certain of our 3D NAND and SSD products. The complaint seeks an injunction, damages, attorneys’ fees, and costs. On November 9, 2023, Yangtze Memory Technologies Company, Ltd. (“YMTC”) filed a patent infringement complaint against Micron and one of its subsidiaries in the U.S. District Court for the Northern District of California. The complaint alleges that eight U.S. patents are infringed by certain of our 3D NAND products. The complaint seeks an injunction, damages, attorneys’ fees, and costs. Among other things, the above lawsuits pertain to substantially all of our DRAM, NAND, and other memory and storage products we manufacture, which account for substantially all of our revenue. Antitrust Matters Six cases have been filed against Micron alleging price fixing of DRAM products in the following Canadian courts on the dates indicated: Superior Court of Quebec (April 30, 2018 and May 3, 2018), the Federal Court of Canada (May 2, 2018), the Ontario Superior Court of Justice (May 15, 2018), and the Supreme Court of British Columbia (May 10, 2018). The plaintiffs in these cases are individuals seeking certification of class actions on behalf of direct and indirect purchasers of DRAM in Canada (or regions of Canada) between June 1, 2016 and February 1, 2018. On May 15, 2018, the Chinese State Administration for Market Regulation (“SAMR”) notified Micron that it was investigating potential collusion and other anticompetitive conduct by DRAM suppliers in China. On May 31, 2018, SAMR made unannounced visits to our sales offices in Beijing, Shanghai, and Shenzhen to seek certain information as part of its investigation. We are cooperating with SAMR in its investigation. Securities Matters On February 9, 2021, a derivative complaint was filed by a shareholder against Sanjay Mehrotra and other current and former directors of Micron, allegedly on behalf of and for the benefit of Micron, in the U.S. District Court for the District of Delaware alleging violations of securities laws, breaches of fiduciary duties, and other violations of law involving allegedly false and misleading statements about Micron’s commitment to diversity and progress in diversifying its workforce, executive leadership, and Board of Directors. The complaint sought damages, fees, interest, costs, and an order requiring Micron to take various actions to allegedly improve its corporate governance and internal procedures. On November 2, 2023, the District Court granted the defendants’ motion to dismiss the complaint. Other Matters In the normal course of business, we are a party to a variety of agreements pursuant to which we may be obligated to indemnify another party. It is not possible to predict the maximum potential amount of future payments under these types of agreements due to the conditional nature of our obligations and the unique facts and circumstances involved in each particular agreement. Historically, our payments under these types of agreements have not had a material adverse effect on our business, results of operations, or financial condition. Contingency Assessment We ar e unable to predict the outcome of any of the matters noted above and cannot make a reasonable estimate of the potential loss or range of possible losses. A determination that our products or manufacturing processes infringe the intellectual property rights of others or entering into a license agreement covering such intellectual property could result in significant liability and/or require us to make material changes to our products and/or manufacturing processes. Any of the foregoing, as well as the resolution of any other legal matter noted above, could have a material adverse effect on our business, results of operations, or financial condition.

Equity

Equity	3 Months Ended
Equity	Nov. 30, 2023
Equity [Abstract]
Equity	Equity Common Stock Repurchases Our Board of Directors has authorized the discretionary repurchase of up to $10 billion of our outstanding common stock through open-market purchases, block trades, privately-negotiated transactions, derivative transactions, and/or pursuant to Rule 10b5-1 trading plans. The repurchase authorization has no expiration date, does not obligate us to acquire any common stock, and is subject to market conditions and our ongoing determination of the best use of available cash. No shares were repurchased in the first quarter of 2024. Through November 30, 2023, we had repurchased an aggregate of $6.89 billion under the authorization. Amounts repurchased are included in treasury stock. Dividends In the first quarter of 2024, we declared and paid dividends of $129 million ($0.115 per share). On December 20, 2023, our Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on January 18, 2024, to shareholders of record as of the close of business on January 2, 2024. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) by component for the three months ended November 30, 2023 were as follows: Gains (Losses) on Derivative Instruments Unrealized Gains (Losses) on Investments Pension Liability Adjustments Cumulative Foreign Currency Translation Adjustment Total As of August 31, 2023 $ (304) $ (41) $ 36 $ (3) $ (312) Other comprehensive income (loss) before reclassifications 14 7 — (1) 20 Amount reclassified out of accumulated other comprehensive income (loss) 44 — 2 — 46 Tax effects (14) — — — (14) Other comprehensive income (loss) 44 7 2 (1) 52 As of November 30, 2023 $ (260) $ (34) $ 38 $ (4) $ (260)

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Nov. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The estimated fair values and carrying values of our outstanding debt instruments were as follows: As of November 30, 2023 As of August 31, 2023 Fair Carrying Fair Carrying Notes $ 11,651 $ 12,024 $ 11,549 $ 12,049 The fair values of our debt instruments were estimated based on Level 2 inputs, including the trading price of our notes when available, discounted cash flows, and interest rates based on similar debt issued by parties with credit ratings similar to ours.

Derivative Instruments

Derivative Instruments	3 Months Ended
Derivative Instruments	Nov. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Notional or Contractual Amount Fair Value of Assets (1) Liabilities (2) As of November 30, 2023 Derivative instruments with hedge accounting designation Cash flow currency hedges $ 4,057 $ 34 $ (139) Cash flow commodity hedges 310 25 (2) Fair value interest rate hedges 900 — (101) Derivative instruments without hedge accounting designation Non-designated currency hedges 1,860 23 (20) $ 82 $ (262) As of August 31, 2023 Derivative instruments with hedge accounting designation Cash flow currency hedges $ 3,873 $ 16 $ (180) Cash flow commodity hedges 331 45 — Fair value interest rate hedges 900 — (100) Derivative instruments without hedge accounting designation Non-designated currency hedges 1,839 2 (17) $ 63 $ (297) (1) Included in receivables and other noncurrent assets. (2) Included in accounts payable and accrued expenses and other noncurrent liabilities. Derivative Instruments with Hedge Accounting Designation Cash Flow Hedges : We utilize forward and swap contracts that generally mature within two years designated as cash flow hedges to minimize our exposure to changes in currency exchange rates or commodity prices for certain capital expenditures and manufacturing costs. Forward and swap contracts are measured at fair value based on market-based observable inputs including market spot and forward rates, interest rates, and credit-risk spreads (Level 2). We recognized gains from cash flow hedges of $53 million for the first quarter of 2023 in accumulated other comprehensive income (loss). The amounts recognized in the first quarter of 2024 were not significant. As of November 30, 2023, we expect to reclassify $153 million of pre-tax losses related to cash flow hedges from accumulated other comprehensive income (loss) into earnings in the next 12 months. Fair Value Hedges : We utilize fixed-to-floating interest rate swaps designated as fair value hedges to minimize certain exposures to changes in the fair value of fixed-rate debt that result from fluctuations in benchmark interest rates. Interest rate swaps are measured at fair value based on market-based observable inputs including interest rates and credit-risk spreads (Level 2). The changes in the fair values of derivatives designated as fair value hedges and the offsetting changes in the underlying fair values of the hedged items are both recognized in earnings. When a derivative is no longer designated as a fair value hedge for any reason, including termination and maturity, the remaining unamortized difference between the carrying value of the hedged item at that time and the face value of the hedged item is amortized to earnings over the remaining life of the hedged item, or immediately if the hedged item has matured or been extinguished. The effects of fair value hedges on our consolidated statements of operations, recognized in interest expense, were not significant for the periods presented. Derivative Instruments without Hedge Accounting Designation Currency Derivatives : We generally utilize a rolling hedge strategy with currency forward contracts that mature within three months to hedge our exposures of monetary assets and liabilities from changes in currency exchange rates. At the end of each reporting period, monetary assets and liabilities denominated in currencies other than the U.S. dollar are remeasured into U.S. dollars and the associated outstanding forward contracts are marked to market. Currency forward contracts are valued at fair values based on the middle of bid and ask prices of dealers or exchange quotations (Level 2). Realized and unrealized gains and losses on derivative instruments without hedge accounting designation as well as the changes in the underlying monetary assets and liabilities from changes in currency exchange rates are included in other non-operating income (expense), net. The amounts recognized for derivative instruments without hedge accounting designation were not significant for the periods presented. We do not use derivative instruments for speculative purposes.

Equity Plans

Equity Plans	3 Months Ended
Equity Plans	Nov. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity Plans	Equity Plans As of November 30, 2023, 74 million shares of our common stock were available for future awards under our equity plans, including 14 million shares approved for issuance under our employee stock purchase plan (“ESPP”). Restricted Stock and Restricted Stock Units (“Restricted Stock Awards”) Restricted Stock Awards activity is summarized as follows: Three months ended November 30, 2023 December 1, Restricted stock award shares granted 12 14 Weighted-average grant-date fair value per share $ 67.36 $ 53.94 Stock-based Compensation Expense Stock-based compensation expense recognized in our statements of operations is presented below. Stock-based compensation expense of $94 million and $88 million was capitalized and remained in inventory as of November 30, 2023 and August 31, 2023, respectively. Three months ended November 30, 2023 December 1, 2022 Stock-based compensation expense by caption Research and development $ 68 $ 53 Cost of goods sold 67 36 Selling, general, and administrative 47 37 $ 182 $ 126 Stock-based compensation expense by type of award Restricted stock awards $ 163 $ 109 ESPP 19 17 $ 182 $ 126 As of November 30, 2023, $1.84 billion of total unrecognized compensation costs for unvested awards, before the effect of any future forfeitures, was expected to be recognized through the first quarter of 2028, resulting in a weighted-average period of 1.4 years.

Revenue and Customer Contract L

Revenue and Customer Contract Liabilities	3 Months Ended
Revenue and Customer Contract Liabilities	Nov. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue and Customer Contract Liabilities	Revenue and Customer Contract Liabilities Revenue is primarily recognized at a point in time when control of the promised goods is transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for those goods. Substantially all contracts with our customers are short-term in duration at fixed, negotiated prices with payment generally due shortly after delivery. From time to time, we have contracts with initial terms that include performance obligations that extend beyond one year. As of November 30, 2023, our future performance obligations beyond one year were not significant. Revenue by Technology Three months ended November 30, 2023 December 1, 2022 DRAM $ 3,427 $ 2,829 NAND 1,230 1,103 Other (primarily NOR) 69 153 $ 4,726 $ 4,085 See “Segment and Other Information” for disclosure of disaggregated revenue by market segment. Customer Contract Liabilities Contract liabilities from customer prepayments made to secure product supply in future periods were approximately $600 million as of November 30, 2023 and were reported within other current liabilities. As of November 30, 2023 and August 31, 2023, other current liabilities also included $455 million and $453 million, respectively, for estimates of consideration payable to customers including estimates for pricing adjustments and returns.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our income tax (provision) benefit consisted of the following: Three months ended November 30, 2023 December 1, 2022 Income (loss) before taxes $ (1,155) $ (176) Income tax (provision) benefit (73) (8) Effective tax rate (6.3) % (4.5) % For the first quarter of 2024, we recorded tax expense based on actual first quarter results for jurisdictions where small changes in our projected pre-tax income may cause significant changes in the estimated annual effective tax rate. The change in our effective tax rate for the first quarter of 2024 as compared to the first quarter of 2023 was primarily due to changes in levels of profitability, interim tax expense methodology, and our geographic mix of earnings. Despite a consolidated pre-tax loss on a worldwide basis, we have taxes payable in certain geographies due to minimum taxable income reportable in those geographies.

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Nov. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Three months ended November 30, 2023 December 1, 2022 Net income (loss) – Basic and Diluted $ (1,234) $ (195) Weighted-average common shares outstanding – Basic and Diluted 1,100 1,090 Earnings (loss) per share Basic $ (1.12) $ (0.18) Diluted (1.12) (0.18) Antidilutive potential common shares excluded from the computation of diluted earnings per share, that could dilute basic earnings per share in the future, were 35 million for the first quarter of 2024 and 2023.

Segment and Other Information

Segment and Other Information	3 Months Ended
Segment and Other Information	Nov. 30, 2023
Segment Reporting [Abstract]
Segment and Other Information	Segment and Other Information Segment information reported herein is consistent with how it is reviewed and evaluated by our chief operating decision maker. We have the following four business units, which are our reportable segments: Compute and Networking Business Unit (“CNBU”) : Includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. Mobile Business Unit (“MBU”) : Includes memory and storage products sold into smartphone and other mobile-device markets. Embedded Business Unit (“EBU”) : Includes memory and storage products and solutions sold into automotive, industrial, and consumer markets. Storage Business Unit (“SBU”) : Includes SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. Certain operating expenses directly associated with the activities of a specific segment are charged to that segment. Other indirect operating income and expenses are generally allocated to segments based on their respective percentage of cost of goods sold or forecasted wafer production. We do not identify or report internally our assets (other than goodwill) or capital expenditures by segment, nor do we allocate gains and losses from equity method investments, interest, other non-operating income or expense items, or taxes to segments. Three months ended November 30, 2023 December 1, 2022 Revenue CNBU $ 1,737 $ 1,746 MBU 1,293 655 EBU 1,037 1,000 SBU 653 680 All Other 6 4 $ 4,726 $ 4,085 Operating income (loss) CNBU $ (397) $ 190 MBU (687) (195) EBU 10 194 SBU (490) (257) All Other 4 3 (1,560) (65) Unallocated Lower costs from sale of inventory written down in prior periods 605 — Stock-based compensation (182) (126) Restructure and asset impairments — (13) Other 9 (5) 432 (144) Operating income (loss) $ (1,128) $ (209)

Certain Concentrations

Certain Concentrations	3 Months Ended
Certain Concentrations	Nov. 30, 2023
Risks and Uncertainties [Abstract]
Certain Concentrations	Certain Concentrations Revenue by end market as an approximate percent of total revenue is presented in the table below: Three months ended November 30, 2023 December 1, 2022 Mobile 25 % 15 % Automotive, industrial, and consumer 20 % 25 % Client and graphics 20 % 15 % Enterprise and cloud server 15 % 20 % SSDs and other storage 15 % 15 %

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Nov. 30, 2023	Dec. 01, 2022
Pay vs Performance Disclosure
Net income (loss)	$ (1,234)	$ (195)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Nov. 30, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On November 14, 2023, April Arnzen, our Executive Vice President and Chief People Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale of an aggregate of up to 19,560 shares of our common stock acquired by Ms. Arnzen pursuant to our Restricted Stock Awards. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The first date that sales of any shares are permitted to be sold under the trading arrangement will be March 27, 2024, and subsequent sales under the trading arrangement may occur on a regular basis for the duration of the trading arrangement until December 31, 2024, or earlier if all transactions under the trading arrangement are completed.
Name	April Arnzen
Title	Executive Vice President and Chief People Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	November 14, 2023
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Termination Date	December 31, 2024
Aggregate Available	19,560

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Nov. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	The accompanying consolidated financial statements include the accounts of Micron Technology, Inc. and our consolidated subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) consistent in all material respects with those applied in our Annual Report on Form 10-K for the year ended August 31, 2023.
Reclassifications	Certain reclassifications have been made to prior period amounts to conform to current period presentation.
Fiscal Period	Our fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. Fiscal years 2024 and 2023 each contain 52 weeks. All period references are to our fiscal periods unless otherwise indicated.

Segment Reporting (Policies)

Segment Reporting (Policies)	3 Months Ended
Segment Reporting (Policies)	Nov. 30, 2023
Segment Reporting [Abstract]
Segment Reporting Policy	Certain operating expenses directly associated with the activities of a specific segment are charged to that segment. Other indirect operating income and expenses are generally allocated to segments based on their respective percentage of cost of goods sold or forecasted wafer production. We do not identify or report internally our assets (other than goodwill) or capital expenditures by segment, nor do we allocate gains and losses from equity method investments, interest, other non-operating income or expense items, or taxes to segments.

Cash and Investments (Tables)

Cash and Investments (Tables)	3 Months Ended
Cash and Investments (Tables)	Nov. 30, 2023
Investments and Cash [Abstract]
Cash and Investments	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 November 30, 2023 As of August 31, 2023 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 $ 5,400 $ — $ — $ 5,400 $ 5,771 $ — $ — $ 5,771 Level 1 (2) Money market funds 1,570 — — 1,570 1,629 — — 1,629 Level 2 (3) Certificates of deposit 1,090 26 — 1,116 1,172 25 — 1,197 Corporate bonds — 681 359 1,040 — 737 437 1,174 Asset-backed securities — 16 349 365 — 15 387 402 Government securities 15 152 12 179 5 131 20 156 Commercial paper — 98 — 98 — 109 — 109 8,075 $ 973 $ 720 $ 9,768 8,577 $ 1,017 $ 844 $ 10,438 Restricted cash (4) 71 79 Cash, cash equivalents, and restricted cash $ 8,146 $ 8,656 (1) The maturities of long-term marketable investments primarily range from one 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 November 30, 2023 or August 31, 2023. (4)
Cash and equivalents and the fair values of available-for-sale investments	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 November 30, 2023 As of August 31, 2023 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 $ 5,400 $ — $ — $ 5,400 $ 5,771 $ — $ — $ 5,771 Level 1 (2) Money market funds 1,570 — — 1,570 1,629 — — 1,629 Level 2 (3) Certificates of deposit 1,090 26 — 1,116 1,172 25 — 1,197 Corporate bonds — 681 359 1,040 — 737 437 1,174 Asset-backed securities — 16 349 365 — 15 387 402 Government securities 15 152 12 179 5 131 20 156 Commercial paper — 98 — 98 — 109 — 109 8,075 $ 973 $ 720 $ 9,768 8,577 $ 1,017 $ 844 $ 10,438 Restricted cash (4) 71 79 Cash, cash equivalents, and restricted cash $ 8,146 $ 8,656 (1) The maturities of long-term marketable investments primarily range from one 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 November 30, 2023 or August 31, 2023. (4)

Receivables (Tables)

Receivables (Tables)	3 Months Ended
Receivables (Tables)	Nov. 30, 2023
Receivables [Abstract]
Schedule of Receivables	As of November 30, August 31, Trade receivables $ 2,478 $ 2,048 Income and other taxes 217 194 Other 248 201 $ 2,943 $ 2,443

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Nov. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	As of November 30, August 31, Finished goods $ 1,282 $ 1,616 Work in process 6,334 6,111 Raw materials and supplies 660 660 $ 8,276 $ 8,387

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	3 Months Ended
Property, Plant, and Equipment (Tables)	Nov. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant, and Equipment	As of November 30, August 31, Land $ 283 $ 283 Buildings 18,652 17,967 Equipment (1) 66,392 65,555 Construction in progress (2) 2,215 2,464 Software 1,377 1,316 88,919 87,585 Accumulated depreciation (51,242) (49,657) $ 37,677 $ 37,928 (1) Includes costs related to equipment not placed into service of $2.88 billion as of November 30, 2023 and $2.91 billion as of August 31, 2023. (2) Includes building-related construction, tool installation, and software costs for assets not placed into service.

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
Intangible Assets (Tables)	Nov. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	As of November 30, 2023 As of August 31, 2023 Gross Accumulated Net Carrying Amount Gross Accumulated Net Carrying Amount Product and process technology $ 631 $ (226) $ 405 $ 613 $ (209) $ 404 Other 11 — 11 — — — $ 642 $ (226) $ 416 $ 613 $ (209) $ 404

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Nov. 30, 2023
Leases [Abstract]
Schedule of Components of Lease Expense	Three months ended November 30, 2023 December 1, 2022 Finance lease cost Amortization of right-of-use asset $ 32 $ 24 Interest on lease liability 6 6 Operating lease cost (1) 33 36 $ 71 $ 66
Schedule of Other Lease Information	Supplemental cash flow information related to leases was as follows: Three months ended November 30, 2023 December 1, 2022 Cash flows used for operating activities Finance leases $ 6 $ 5 Operating leases 33 33 Cash flows used for financing activities – Finance leases 27 20 Noncash acquisitions of right-of-use assets Finance leases 217 43 Operating leases — 35 Supplemental balance sheet information related to leases was as follows: As of November 30, August 31, Finance lease right-of-use assets (included in property, plant, and equipment) $ 1,497 $ 1,311 Current operating lease liabilities (included in accounts payable and accrued expenses) 62 66 Weighted-average remaining lease term (in years) Finance leases 8 9 Operating leases 11 11 Weighted-average discount rate Finance leases 4.25 % 3.86 % Operating leases 3.23 % 3.21 %
Schedule of Finance Lease Maturities	For the year ending Finance Leases Operating Leases Remainder of 2024 $ 204 $ 50 2025 255 77 2026 241 76 2027 235 76 2028 225 74 2029 and thereafter 541 453 Less imputed interest (220) (143) $ 1,481 $ 663
Schedule of Operating Lease Maturities	For the year ending Finance Leases Operating Leases Remainder of 2024 $ 204 $ 50 2025 255 77 2026 241 76 2027 235 76 2028 225 74 2029 and thereafter 541 453 Less imputed interest (220) (143) $ 1,481 $ 663

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
Accounts Payable and Accrued Expenses (Tables)	Nov. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accounts Payable And Accrued Expenses	As of November 30, August 31, Accounts payable $ 1,721 $ 1,725 Property, plant, and equipment 1,197 1,419 Salaries, wages, and benefits 621 367 Income and other taxes 97 67 Other 310 380 $ 3,946 $ 3,958

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Nov. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	As of November 30, 2023 As of August 31, 2023 Net Carrying Amount Net Carrying Amount Stated Rate Effective Rate Current Long-Term Total Current Long-Term Total 2024 Term Loan A 6.163 % 6.20 % $ 587 $ — $ 587 $ — $ 587 $ 587 2025 Term Loan A 6.698 % 6.83 % — 1,050 1,050 — 1,050 1,050 2026 Term Loan A 6.823 % 6.96 % 49 909 958 49 921 970 2027 Term Loan A 6.948 % 7.09 % 57 1,049 1,106 57 1,063 1,120 2026 Notes 4.975 % 5.07 % — 499 499 — 499 499 2027 Notes (1) 4.185 % 4.27 % — 797 797 — 798 798 2028 Notes 5.375 % 5.52 % — 597 597 — 596 596 2029 A Notes 5.327 % 5.40 % — 697 697 — 697 697 2029 B Notes 6.750 % 6.54 % — 1,263 1,263 — 1,263 1,263 2030 Notes 4.663 % 4.73 % — 847 847 — 846 846 2032 Green Bonds 2.703 % 2.77 % — 995 995 — 995 995 2033 A Notes 5.875 % 5.96 % — 745 745 — 745 745 2033 B Notes 5.875 % 6.01 % — 890 890 — 890 890 2041 Notes 3.366 % 3.41 % — 497 497 — 497 497 2051 Notes 3.477 % 3.52 % — 496 496 — 496 496 Finance lease obligations N/A 4.25 % 215 1,266 1,481 172 1,109 1,281 $ 908 $ 12,597 $ 13,505 $ 278 $ 13,052 $ 13,330 (1)
Schedule of Maturities of Notes Payable	As of November 30, 2023, maturities of notes payable by fiscal year were as follows: Remainder of 2024 $ 81 2025 695 2026 1,659 2027 1,780 2028 1,492 2029 and thereafter 6,450 Unamortized issuance costs, discounts, and premium, net (32) Hedge accounting fair value adjustment (101) $ 12,024

Equity (Tables)

Equity (Tables)	3 Months Ended
Equity (Tables)	Nov. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Gains (Losses) on Derivative Instruments Unrealized Gains (Losses) on Investments Pension Liability Adjustments Cumulative Foreign Currency Translation Adjustment Total As of August 31, 2023 $ (304) $ (41) $ 36 $ (3) $ (312) Other comprehensive income (loss) before reclassifications 14 7 — (1) 20 Amount reclassified out of accumulated other comprehensive income (loss) 44 — 2 — 46 Tax effects (14) — — — (14) Other comprehensive income (loss) 44 7 2 (1) 52 As of November 30, 2023 $ (260) $ (34) $ 38 $ (4) $ (260)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Nov. 30, 2023
Fair Value Disclosures [Abstract]
Estimated Fair Value and Carrying Value of Debt Instruments	As of November 30, 2023 As of August 31, 2023 Fair Carrying Fair Carrying Notes $ 11,651 $ 12,024 $ 11,549 $ 12,049

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
Derivative Instruments (Tables)	Nov. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	Notional or Contractual Amount Fair Value of Assets (1) Liabilities (2) As of November 30, 2023 Derivative instruments with hedge accounting designation Cash flow currency hedges $ 4,057 $ 34 $ (139) Cash flow commodity hedges 310 25 (2) Fair value interest rate hedges 900 — (101) Derivative instruments without hedge accounting designation Non-designated currency hedges 1,860 23 (20) $ 82 $ (262) As of August 31, 2023 Derivative instruments with hedge accounting designation Cash flow currency hedges $ 3,873 $ 16 $ (180) Cash flow commodity hedges 331 45 — Fair value interest rate hedges 900 — (100) Derivative instruments without hedge accounting designation Non-designated currency hedges 1,839 2 (17) $ 63 $ (297) (1) Included in receivables and other noncurrent assets. (2) Included in accounts payable and accrued expenses and other noncurrent liabilities.

Equity Plans (Tables)

Equity Plans (Tables)	3 Months Ended
Equity Plans (Tables)	Nov. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Awards Activity	Three months ended November 30, 2023 December 1, Restricted stock award shares granted 12 14 Weighted-average grant-date fair value per share $ 67.36 $ 53.94
Stock-based Compensation Expense	Three months ended November 30, 2023 December 1, 2022 Stock-based compensation expense by caption Research and development $ 68 $ 53 Cost of goods sold 67 36 Selling, general, and administrative 47 37 $ 182 $ 126 Stock-based compensation expense by type of award Restricted stock awards $ 163 $ 109 ESPP 19 17 $ 182 $ 126

Revenue and Customer Contract_2

Revenue and Customer Contract Liabilities (Tables)	3 Months Ended
Revenue and Customer Contract Liabilities (Tables)	Nov. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Three months ended November 30, 2023 December 1, 2022 DRAM $ 3,427 $ 2,829 NAND 1,230 1,103 Other (primarily NOR) 69 153 $ 4,726 $ 4,085

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax (Provision) Benefit	Our income tax (provision) benefit consisted of the following: Three months ended November 30, 2023 December 1, 2022 Income (loss) before taxes $ (1,155) $ (176) Income tax (provision) benefit (73) (8) Effective tax rate (6.3) % (4.5) %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Nov. 30, 2023
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	Three months ended November 30, 2023 December 1, 2022 Net income (loss) – Basic and Diluted $ (1,234) $ (195) Weighted-average common shares outstanding – Basic and Diluted 1,100 1,090 Earnings (loss) per share Basic $ (1.12) $ (0.18) Diluted (1.12) (0.18)

Segment and Other Information (

Segment and Other Information (Tables)	3 Months Ended
Segment and Other Information (Tables)	Nov. 30, 2023
Segment Reporting [Abstract]
Schedule of Results by Segment	Three months ended November 30, 2023 December 1, 2022 Revenue CNBU $ 1,737 $ 1,746 MBU 1,293 655 EBU 1,037 1,000 SBU 653 680 All Other 6 4 $ 4,726 $ 4,085 Operating income (loss) CNBU $ (397) $ 190 MBU (687) (195) EBU 10 194 SBU (490) (257) All Other 4 3 (1,560) (65) Unallocated Lower costs from sale of inventory written down in prior periods 605 — Stock-based compensation (182) (126) Restructure and asset impairments — (13) Other 9 (5) 432 (144) Operating income (loss) $ (1,128) $ (209)

Certain Concentrations (Tables)

Certain Concentrations (Tables)	3 Months Ended
Certain Concentrations (Tables)	Nov. 30, 2023
Risks and Uncertainties [Abstract]
Schedule of Market Concentration Risk	Three months ended November 30, 2023 December 1, 2022 Mobile 25 % 15 % Automotive, industrial, and consumer 20 % 25 % Client and graphics 20 % 15 % Enterprise and cloud server 15 % 20 % SSDs and other storage 15 % 15 %

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Nov. 30, 2023	Aug. 31, 2023
Variable Interest Entity [Line Items]
Finance Lease Liability	$ 1,481	$ 1,281
Finance Lease Right-of-Use Assets	1,497	$ 1,311
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Finance Lease Liability	250
Finance Lease Right-of-Use Assets	$ 250

Cash and Investments (Details)

Cash and Investments (Details) - USD ($) $ in Millions		Nov. 30, 2023	Aug. 31, 2023	Dec. 01, 2022	Sep. 01, 2022
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents		$ 8,075	$ 8,577
Short-term Investments		973	1,017
Long-term Marketable Investments	[1]	720	844
Total Fair Value		9,768	10,438
Restricted cash	[2]	71	79
Cash, cash equivalents, and restricted cash		$ 8,146	8,656	$ 9,642	$ 8,339
Minimum
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Term, Noncurrent		1 year
Maximum
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Term, Noncurrent		5 years
Cash
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents		$ 5,400	5,771
Short-term Investments		0	0
Long-term Marketable Investments		0	0
Total Fair Value		5,400	5,771
Money market funds \| Level 1
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents	[3]	1,570	1,629
Short-term Investments	[3]	0	0
Long-term Marketable Investments	[1],[3]	0	0
Total Fair Value	[3]	1,570	1,629
Certificates of deposit \| Level 2
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents	[4]	1,090	1,172
Short-term Investments	[4]	26	25
Long-term Marketable Investments	[1],[4]	0	0
Total Fair Value	[4]	1,116	1,197
Corporate bonds \| Level 2
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents	[4]	0	0
Short-term Investments	[4]	681	737
Long-term Marketable Investments	[1],[4]	359	437
Total Fair Value	[4]	1,040	1,174
Asset-backed securities \| Level 2
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents	[4]	0	0
Short-term Investments	[4]	16	15
Long-term Marketable Investments	[1],[4]	349	387
Total Fair Value	[4]	365	402
Government securities \| Level 2
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents	[4]	15	5
Short-term Investments	[4]	152	131
Long-term Marketable Investments	[1],[4]	12	20
Total Fair Value	[4]	179	156
Commercial paper \| Level 2
Debt Securities, Available-for-sale [Line Items]
Cash and Equivalents	[4]	0	0
Short-term Investments	[4]	98	109
Long-term Marketable Investments	[1],[4]	0	0
Total Fair Value	[4]	$ 98	$ 109

[1] The maturities of long-term marketable investments primarily range from one five years, except for asset-backed securities which are not due at a single maturity date. Restricted cash is included in other current assets and other noncurrent 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. The fair value of Level 1 securities is measured based on quoted prices in active markets for identical assets. 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 November 30, 2023 or August 31, 2023.

Cash and Investments - Non-mark

Cash and Investments - Non-marketable Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022	Aug. 31, 2023
Equity Securities without Readily Determinable Fair Value [Line Items]
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount	$ 31	$ 7
Fair Value, Inputs, Level 3
Equity Securities without Readily Determinable Fair Value [Line Items]
Equity Securities without Readily Determinable Fair Value, Amount	$ 188		$ 218

Receivables (Details)

Receivables (Details) - USD ($) $ in Millions	Nov. 30, 2023	Aug. 31, 2023
Receivables [Abstract]
Trade receivables	$ 2,478	$ 2,048
Income and other taxes	217	194
Other	248	201
Receivables	$ 2,943	$ 2,443

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Nov. 30, 2023	Aug. 31, 2023
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Finished goods	$ 1,282	$ 1,616
Work in process	6,334	6,111
Raw materials and supplies	660	660
Inventories	$ 8,276	$ 8,387

Property, Plant, and Equipmen_2

Property, Plant, and Equipment (Details) - USD ($) $ in Millions		Nov. 30, 2023	Aug. 31, 2023
Property, Plant, and Equipment including Finance Lease Right-of-Use Asset
Property, plant, and equipment, gross		$ 88,919	$ 87,585
Accumulated depreciation		(51,242)	(49,657)
Property, plant, and equipment, net		37,677	37,928
Land
Property, Plant, and Equipment including Finance Lease Right-of-Use Asset
Property, plant, and equipment, gross		283	283
Buildings
Property, Plant, and Equipment including Finance Lease Right-of-Use Asset
Property, plant, and equipment, gross		18,652	17,967
Equipment
Property, Plant, and Equipment including Finance Lease Right-of-Use Asset
Property, plant, and equipment, gross	[1]	66,392	65,555
Equipment not placed into service
Property, Plant, and Equipment including Finance Lease Right-of-Use Asset
Property, plant, and equipment, gross		2,880	2,910
Construction in progress
Property, Plant, and Equipment including Finance Lease Right-of-Use Asset
Property, plant, and equipment, gross	[2]	2,215	2,464
Software
Property, Plant, and Equipment including Finance Lease Right-of-Use Asset
Property, plant, and equipment, gross		$ 1,377	$ 1,316

[1] Includes costs related to equipment not placed into service of $2.88 billion as of November 30, 2023 and $2.91 billion as of August 31, 2023. Includes building-related construction, tool installation, and software costs for assets not placed into service.

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
Intangible Assets (Details) - USD ($) $ in Millions	Nov. 30, 2023	Dec. 01, 2022	Aug. 31, 2023
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	$ 642		$ 613
Accumulated Amortization	(226)		(209)
Net Carrying Amount	416		404
Amortization [Abstract]
Amortization of Intangible Assets	20	$ 23
Annual amortization expense for intangible assets [Abstract]
Remainder of 2024	59
2025	54
2026	50
2027	46
2028	44
Product and process technology
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	631		613
Accumulated Amortization	(226)		(209)
Net Carrying Amount	405		404
Increase in product and process technology	22	$ 30
Other
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	11		0
Accumulated Amortization	0		0
Net Carrying Amount	$ 11		$ 0
Weighted Average \| Product and process technology
Finite-Lived Intangible Assets, Net [Abstract]
Useful lives of assets placed into service	9 years	10 years

Leases - Cost and Cash Flows (D

Leases - Cost and Cash Flows (Details) - USD ($) $ in Millions		3 Months Ended
		Nov. 30, 2023	Dec. 01, 2022	Aug. 31, 2023
Components of Lease Expense
Amortization of right-of-use asset		$ 32	$ 24
Interest on lease liability		6	6
Operating lease cost(1)	[1]	33	36
Total lease cost		71	66
Cash flows used for operating activities
Finance leases		6	5
Operating leases		33	33
Cash flows used for financing activities
Cash flows used for financing activities – Finance leases		27	20
Finance leases, noncash acquisitions of right-of-use assets		217	43
Operating leases, noncash acquisitions of right-of-use assets		$ 0	$ 35
Lessee, Finance Lease Description
Finance Lease Right-of-Use Asset, Balance Sheet Location		Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization		Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Finance lease right-of-use assets (included in property, plant, and equipment)		$ 1,497		$ 1,311
Finance leases, Weighted-average remaining lease term (in years)		8 years		9 years
Finance leases, Weighted-average discount rate		4.25%		3.86%
Lessee, Operating Lease Description
Operating Lease Liability, Balance Sheet Location		Accounts payable and accrued expenses		Accounts payable and accrued expenses
Current operating lease liabilities (included in accounts payable and accrued expenses)		$ 62		$ 66
Operating leases, Weighted-average remaining lease term (in years)		11 years		11 years
Operating leases, Weighted-average discount rate		3.23%		3.21%

[1] Operating lease cost includes short-term and variable lease expenses, which were not material for the periods presented.

Leases - Maturities (Details)

Leases - Maturities (Details) - USD ($) $ in Millions	Nov. 30, 2023	Aug. 31, 2023
Finance Lease Maturities
Remainder of 2024	$ 204
2025	255
2026	241
2027	235
2028	225
2029 and thereafter	541
Less imputed interest	(220)
Total Finance Lease Obligations	1,481	$ 1,281
Operating Lease Maturities
Remainder of 2024	50
2025	77
2026	76
2027	76
2028	74
2029 and thereafter	453
Less imputed interest	(143)
Operating Lease Liability	$ 663

Leases - Not Yet Commenced (Det

Leases - Not Yet Commenced (Details) $ in Millions	Nov. 30, 2023 USD ($)
Finance Lease Not yet Commenced
Payment obligations	$ 122
Weighted Average
Finance Lease Not yet Commenced
Lease term	8 years

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Millions	Nov. 30, 2023	Aug. 31, 2023
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts payable	$ 1,721	$ 1,725
Property, plant, and equipment	1,197	1,419
Salaries, wages, and benefits	621	367
Income and other taxes	97	67
Other	310	380
Total accounts payable and accrued expenses	$ 3,946	$ 3,958

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Millions		Nov. 30, 2023	Aug. 31, 2023
Long-term Debt by Current and Noncurrent
Total Long-term Debt		$ 12,024
Finance Lease Effective Rate (in ten thousandths)		4.25%	3.86%
Current Finance Lease Obligations		$ 215	$ 172
Long-Term Finance Lease Obligations		1,266	1,109
Total Finance Lease Obligations		1,481	1,281
Long-term Debt and Lease Obligation
Current debt (including finance lease obligation)		908	278
Long-term debt (including finance lease obligation)		12,597	13,052
Total Net Carrying Amount of Debt (including finance lease obligation)		$ 13,505	$ 13,330
Current finance lease liability, statement of financial position		Current debt (including finance lease obligation)	Current debt (including finance lease obligation)
Noncurrent finance lease liability, statement of financial position		Long-term debt (including finance lease obligation)	Long-term debt (including finance lease obligation)
Interest rate swap \| Fair value hedges \| Designated hedging instruments
Long-term Debt and Lease Obligation
Notional or Contractual Amount		$ 900	$ 900
SOFR \| Interest rate swap \| Fair value hedges \| Designated hedging instruments
Long-term Debt and Lease Obligation
Spread on 2027 Variable Interest Rate		3.33%
Term Loan \| 2024 Term Loan A
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		6.163%
Effective Rate (in ten thousandths)		6.20%
Current Portion of Long-term Debt		$ 587	0
Noncurrent Long-Term Debt		0	587
Total Long-term Debt		$ 587	587
Term Loan \| 2025 Term Loan A
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		6.698%
Effective Rate (in ten thousandths)		6.83%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		1,050	1,050
Total Long-term Debt		$ 1,050	1,050
Term Loan \| 2026 Term Loan A
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		6.823%
Effective Rate (in ten thousandths)		6.96%
Current Portion of Long-term Debt		$ 49	49
Noncurrent Long-Term Debt		909	921
Total Long-term Debt		$ 958	970
Term Loan \| 2027 Term Loan A
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		6.948%
Effective Rate (in ten thousandths)		7.09%
Current Portion of Long-term Debt		$ 57	57
Noncurrent Long-Term Debt		1,049	1,063
Total Long-term Debt		$ 1,106	1,120
Corporate Bonds \| 2026 Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		4.975%
Effective Rate (in ten thousandths)		5.07%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		499	499
Total Long-term Debt		$ 499	499
Corporate Bonds \| 2027 Notes(1)
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)	[1]	4.185%
Effective Rate (in ten thousandths)	[1]	4.27%
Current Portion of Long-term Debt	[1]	$ 0	0
Noncurrent Long-Term Debt	[1]	797	798
Total Long-term Debt	[1]	$ 797	798
Corporate Bonds \| 2028 Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		5.375%
Effective Rate (in ten thousandths)		5.52%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		597	596
Total Long-term Debt		$ 597	596
Corporate Bonds \| 2029 A Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		5.327%
Effective Rate (in ten thousandths)		5.40%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		697	697
Total Long-term Debt		$ 697	697
Corporate Bonds \| 2029 B Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		6.75%
Effective Rate (in ten thousandths)		6.54%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		1,263	1,263
Total Long-term Debt		$ 1,263	1,263
Corporate Bonds \| 2030 Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		4.663%
Effective Rate (in ten thousandths)		4.73%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		847	846
Total Long-term Debt		$ 847	846
Corporate Bonds \| 2032 Green Bonds
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		2.703%
Effective Rate (in ten thousandths)		2.77%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		995	995
Total Long-term Debt		$ 995	995
Corporate Bonds \| 2033 A Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		5.875%
Effective Rate (in ten thousandths)		5.96%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		745	745
Total Long-term Debt		$ 745	745
Corporate Bonds \| 2033 B Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		5.875%
Effective Rate (in ten thousandths)		6.01%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		890	890
Total Long-term Debt		$ 890	890
Corporate Bonds \| 2041 Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		3.366%
Effective Rate (in ten thousandths)		3.41%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		497	497
Total Long-term Debt		$ 497	497
Corporate Bonds \| 2051 Notes
Long-term Debt by Current and Noncurrent
Stated Rate (exact percentage)		3.477%
Effective Rate (in ten thousandths)		3.52%
Current Portion of Long-term Debt		$ 0	0
Noncurrent Long-Term Debt		496	496
Total Long-term Debt		$ 496	$ 496

[1] In 2021, we entered into fixed-to-floating interest rate swaps on the 2027 Notes with an aggregate $900 million notional amount equal to the principal amount of the 2027 Notes. The resulting variable interest paid is at a rate equal to SOFR plus approximately 3.33%. The fixed-to-floating interest rate swaps are accounted for as fair value hedges, and as a result, the carrying values of our 2027 Notes reflect adjustments in fair value.

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility (Details)	3 Months Ended
Debt - Revolving Credit Facility (Details)	Nov. 30, 2023 USD ($) Rate
Revolving Credit Facility
Total Long-term Debt	$ 12,024,000,000
Revolving Credit Facility \| 2026 Revolving Credit Facility
Revolving Credit Facility
Total Long-term Debt	0
Available borrowing capacity	$ 2,500,000,000
Debt Covenants
[Original] Debt Covenant, Ratio Of Total Debt To Adjusted EBITDA \| Rate	325%
[Temp Amendment] Debt Instrument, Covenant, Ratio Of Net Debt To Adjusted EBITDA \| Rate	325%
[Temp Amendment] Debt Instrument, Covenant, Minimum Liquidity	$ 5,000,000,000
[Original and Temp Amendment] Debt Instrument, Covenant, Ratio of Total Debt To Adjusted EBITDA, Temporary Increase \| Rate	375%
Debt Instrument, Covenant Description	The Revolving Credit Facility requires us to maintain, on a consolidated basis, a leverage ratio of total indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00. On March 27, 2023, we amended the Revolving Credit Facility to provide that in lieu of the foregoing leverage ratio, during the fourth quarter of 2023 and each quarter of 2024, we will be required to maintain, on a consolidated basis, a net leverage ratio of total net indebtedness to adjusted EBITDA, as defined in the Revolving Credit Facility and calculated as of the last day of each fiscal quarter, not to exceed 3.25 to 1.00. Alternatively, for up to three of such five quarters, we may elect to comply with a requirement of minimum liquidity, as defined in the Revolving Credit Facility, of not less than $5.0 billion. In the fourth quarter of 2023 and first quarter of 2024, we complied with the net leverage ratio requirement. Each of the leverage ratio and net leverage ratio maximums, as applicable, is subject to a temporary four quarter increase in such ratio to 3.75 to 1.00 following certain material acquisitions.
Revolving Credit Facility \| 2026 Revolving Credit Facility \| Minimum \| Adjusted term SOFR
Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate	1%
Revolving Credit Facility \| 2026 Revolving Credit Facility \| Minimum \| SOFR
Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.11%
Revolving Credit Facility \| 2026 Revolving Credit Facility \| Maximum \| Adjusted term SOFR
Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate	1.75%
Revolving Credit Facility \| 2026 Revolving Credit Facility \| Maximum \| SOFR
Revolving Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.43%

Debt - Maturities of Notes Paya

Debt - Maturities of Notes Payable (Details) $ in Millions	Nov. 30, 2023 USD ($)
Maturities of Notes Payable
Remainder of 2024	$ 81
2025	695
2026	1,659
2027	1,780
2028	1,492
2029 and thereafter	6,450
Unamortized issuance costs, discounts, and premium, net	(32)
Hedge accounting fair value adjustment	(101)
Total Long-term Debt	$ 12,024

Contingencies (Details)

Contingencies (Details) ¥ in Millions	3 Months Ended
Contingencies (Details) ¥ in Millions	Nov. 30, 2023 CNY (¥) patent complaint
Securities Matters \| Dismissed Litigation
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number \| complaint	1
Fujian Jinhua Integrated Circuit Co., Ltd. vs Micron-Complaint 1 \| Patent Matters \| Withdrawn Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	1
Damages sought on alleged patent infringement \| ¥	¥ 98
United Microelectronics Corporation vs Micron-Complaint 1 \| Patent Matters \| Withdrawn Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	1
Damages sought on alleged patent infringement \| ¥	¥ 90
United Microelectronics Corporation vs Micron-Complaint 2 \| Patent Matters \| Withdrawn Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	1
Damages sought on alleged patent infringement \| ¥	¥ 90
Fujian Jinhua Integrated Circuit Co., Ltd. vs Micron-Complaint 2 \| Patent Matters \| Withdrawn Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	1
Damages sought on alleged patent infringement \| ¥	¥ 98
Netlist Inc. vs Micron \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	1
Netlist Inc vs Micron - Complaint 2 \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	3
Netlist Inc. vs Micron - Complaint 3 \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	2
Netlist Inc. vs Micron - Complaint 4 \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	6
Netlist Inc. vs Micron - Complaint 5 \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	1
Netlist Inc. vs Micron - Complaint 5 Amendment \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	2
Sonrai Memory, Ltd. vs Micron \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	2
Besang, Inc. \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	1
Yangtze Memory Technologies Company, Ltd. \| Patent Matters \| Pending Litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed	8
DRAM Purchasers Canada vs Micron \| Antitrust Matters \| Pending Litigation
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number \| complaint	6

Equity - Common Stock Repurchas

Equity - Common Stock Repurchases and Dividends (Details) - USD ($)		3 Months Ended		63 Months Ended
	Dec. 20, 2023	Nov. 30, 2023	Dec. 01, 2022	Nov. 30, 2023
Common Stock Repurchases
Payments for Repurchase of Common Stock		$ 0	$ 425,000,000
Dividends
Payments of Common Stock Dividends		$ 129,000,000	$ 126,000,000
Payments of Common Stock Dividends (per share)		$ 0.115
Cash dividends declared (per share)		$ 0.115	$ 0.115
Subsequent Event
Dividends
Cash dividends declared (per share)	$ 0.115
Dividends Payable, Date to be Paid	Jan. 18, 2024
Dividends Payable, Date of Record	Jan. 02, 2024
Repurchases Authorized by the BOD
Common Stock Repurchases
Common Stock Repurchase, Authorized Amount		$ 10,000,000,000		$ 10,000,000,000
Treasury Shares Repurchased (in shares)		0
Payments for Repurchase of Common Stock				$ 6,890,000,000

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)	$ (312)
Other comprehensive income (loss) before reclassifications	20
Amount reclassified out of accumulated other comprehensive income (loss)	46
Tax effects	(14)
Other comprehensive income (loss)	52	$ 87
Accumulated other comprehensive income (loss)	(260)
Gains (Losses) on Derivative Instruments
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)	(304)
Other comprehensive income (loss) before reclassifications	14
Amount reclassified out of accumulated other comprehensive income (loss)	44
Tax effects	(14)
Other comprehensive income (loss)	44
Accumulated other comprehensive income (loss)	(260)
Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)	(41)
Other comprehensive income (loss) before reclassifications	7
Amount reclassified out of accumulated other comprehensive income (loss)	0
Tax effects	0
Other comprehensive income (loss)	7
Accumulated other comprehensive income (loss)	(34)
Pension Liability Adjustments
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)	36
Other comprehensive income (loss) before reclassifications	0
Amount reclassified out of accumulated other comprehensive income (loss)	2
Tax effects	0
Other comprehensive income (loss)	2
Accumulated other comprehensive income (loss)	38
Cumulative Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)	(3)
Other comprehensive income (loss) before reclassifications	(1)
Amount reclassified out of accumulated other comprehensive income (loss)	0
Tax effects	0
Other comprehensive income (loss)	(1)
Accumulated other comprehensive income (loss)	$ (4)

Fair Value Measurements - Fair

Fair Value Measurements - Fair and Carrying Value of Debt (Details) - USD ($) $ in Millions	Nov. 30, 2023	Aug. 31, 2023
Fair Value
Fair Value of Notes Payable
Notes (level 2)	$ 11,651	$ 11,549
Carrying Value
Fair Value of Notes Payable
Notes (level 2)	$ 12,024	$ 12,049

Derivative Instruments - Notion

Derivative Instruments - Notional Amounts and Fair Values (Details) - USD ($) $ in Millions		3 Months Ended
		Nov. 30, 2023	Aug. 31, 2023
Fair Value of Derivative Assets and Liabilities
Fair Value of Assets	[1]	$ 82	$ 63
Fair Value of Liabilities	[2]	$ (262)	(297)
Designated hedging instruments \| Cash flow hedges
Fair Value of Derivative Assets and Liabilities
General maturity of cash flow hedges (in years)		2 years
Designated hedging instruments \| Cash flow hedges \| Currency hedges
Notional Disclosures
Notional or Contractual Amount		$ 4,057	3,873
Fair Value of Derivative Assets and Liabilities
Fair Value of Assets	[1]	34	16
Fair Value of Liabilities	[2]	(139)	(180)
Designated hedging instruments \| Cash flow hedges \| Commodity hedges
Notional Disclosures
Notional or Contractual Amount		310	331
Fair Value of Derivative Assets and Liabilities
Fair Value of Assets	[1]	25	45
Fair Value of Liabilities	[2]	(2)	0
Designated hedging instruments \| Fair value hedges \| Interest rate swap
Notional Disclosures
Notional or Contractual Amount		900	900
Fair Value of Derivative Assets and Liabilities
Fair Value of Assets	[1]	0	0
Fair Value of Liabilities	[2]	(101)	(100)
Not designated hedging instruments \| Currency hedges
Notional Disclosures
Notional or Contractual Amount		1,860	1,839
Fair Value of Derivative Assets and Liabilities
Fair Value of Assets	[1]	23	2
Fair Value of Liabilities	[2]	$ (20)	$ (17)
General maturity of currency forward contracts (in months)		3 months

[1] Included in receivables and other noncurrent assets. Included in accounts payable and accrued expenses and other noncurrent liabilities.

Derivative Instruments - Gain (

Derivative Instruments - Gain (Loss) on Derivatives (Details) - Designated hedging instruments - Cash flow hedges - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Cash Flow Hedges
Net gains (losses) recognized in other comprehensive income (loss) from cash flow hedges		$ 53
Cash flow hedge (losses) expected to be reclassified into earnings within twelve months	$ (153)

Equity Plans - Share Based Info

Equity Plans - Share Based Information and Restricted Stock Awards (Details) - $ / shares shares in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future awards (in shares)	74
Restricted stock awards
Restricted Stock and Restricted Stock Units ("Restricted Stock Awards")
Restricted stock award shares granted (in shares)	12	14
Weighted-average grant date fair value per share (in dollars per share)	$ 67.36	$ 53.94
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future awards (in shares)	14

Equity Plans - Stock-based comp

Equity Plans - Stock-based compensation expense (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022	Aug. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 182	$ 126
Equity Plans, Additional Disclosures
Total unrecognized compensation costs related to non-vested awards expected to be recognized	$ 1,840
Weighted average period that unrecognized compensation costs is expected to be recognized (in years)	1 year 4 months 24 days
Restricted stock awards
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 163	109
Employee Stock Purchase Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	19	17
Equity plans
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Expense capitalized and remained in inventory	94		$ 88
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	68	53
Cost of goods sold
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	67	36
Selling, general, and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 47	$ 37

Revenue and Customer Contract_3

Revenue and Customer Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022	Aug. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 4,726	$ 4,085
Contract liabilities from customer prepayments	600
Estimated consideration payable to customers for pricing adjustments and returns	455		$ 453
DRAM
Disaggregation of Revenue [Line Items]
Revenue	3,427	2,829
NAND
Disaggregation of Revenue [Line Items]
Revenue	1,230	1,103
Other (primarily NOR)
Disaggregation of Revenue [Line Items]
Revenue	$ 69	$ 153

Income Taxes - Income (loss) be

Income Taxes - Income (loss) before Taxes and Other Items (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Income Tax Disclosure [Abstract]
Income (loss) before taxes	$ (1,155)	$ (176)
Income tax (provision) benefit	$ (73)	$ (8)
Effective tax rate	(6.30%)	(4.50%)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Earnings Per Share Reconciliation
Net income (loss) - Basic	$ (1,234)	$ (195)
Net income (loss) - Diluted	$ (1,234)	$ (195)
Weighted Average Number of Shares Outstanding Reconciliation
Weighted-average common shares outstanding - Basic	1,100	1,090
Weighted-average common shares outstanding - Diluted	1,100	1,090
Basic (in dollars per share)	$ (1.12)	$ (0.18)
Diluted (in dollars per share)	$ (1.12)	$ (0.18)
Antidilutive potential common shares that could dilute basic earnings per share in the future (in shares)	35	35

Segment and Other Information_2

Segment and Other Information (Details) $ in Millions	3 Months Ended
Segment and Other Information (Details) $ in Millions	Nov. 30, 2023 USD ($) segment	Dec. 01, 2022 USD ($)
Reportable Segments
Number of reportable segments \| segment	4
Net sales
Revenue	$ 4,726	$ 4,085
Operating income (loss)
Stock-based compensation	(182)	(126)
Restructure and asset impairments	0	(13)
Operating income (loss)	(1,128)	(209)
Operating Segments
Operating income (loss)
Operating income (loss)	(1,560)	(65)
Unallocated
Operating income (loss)
Lower costs from sale of inventory written down in prior periods	605	0
Stock-based compensation	(182)	(126)
Restructure and asset impairments	0	(13)
Other	9	(5)
Operating income (loss)	432	(144)
CNBU
Net sales
Revenue	1,737	1,746
CNBU \| Operating Segments
Operating income (loss)
Operating income (loss)	(397)	190
MBU
Net sales
Revenue	1,293	655
MBU \| Operating Segments
Operating income (loss)
Operating income (loss)	(687)	(195)
EBU
Net sales
Revenue	1,037	1,000
EBU \| Operating Segments
Operating income (loss)
Operating income (loss)	10	194
SBU
Net sales
Revenue	653	680
SBU \| Operating Segments
Operating income (loss)
Operating income (loss)	(490)	(257)
All Other
Net sales
Revenue	6	4
All Other \| Operating Segments
Operating income (loss)
Operating income (loss)	$ 4	$ 3

Certain Concentrations (Details

Certain Concentrations (Details) - Revenue from Contract with Customer - Product Concentration Risk	3 Months Ended
	Nov. 30, 2023	Dec. 01, 2022
Mobile
Concentration Risk [Line Items]
Concentration Risk, Percentage	25%	15%
Automotive, industrial, and consumer
Concentration Risk [Line Items]
Concentration Risk, Percentage	20%	25%
Client and graphics
Concentration Risk [Line Items]
Concentration Risk, Percentage	20%	15%
Enterprise and cloud server
Concentration Risk [Line Items]
Concentration Risk, Percentage	15%	20%
SSDs and other storage
Concentration Risk [Line Items]
Concentration Risk, Percentage	15%	15%