Quarterly Financial Information

12 Months Ended

Sep. 01, 2011

Notes to Financial Statements [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Financial Information (Unaudited)

(in millions except per share amounts)

2011	Fourth Quarter			Third Quarter		Second Quarter		First Quarter
Net sales	$	2,140		$	2,139	$	2,257	$	2,252
Gross margin	321			478		435		524
Operating income (loss)	(51		)	237		179		390
Net income (loss)	(134		)	77		75		172
Net income (loss) attributable to Micron	(135		)	75		72		155
Earnings (loss) per share:
Basic	$	(0.14	)	$	0.07	$	0.07	$	0.16
Diluted	(0.14		)	0.07		0.07		0.15

The results of operations for the third quarter of 2011 included a gain of $54 million in connection with the sale of the Japan Fab. In addition, we recorded a tax provision of $74 million related to the gain on the sale and to write down certain deferred tax assets associated with the Japan Fab.

The results of operations for the first, second and third quarters of 2011 included license revenue, net of tax,of $167 million, $33 million and $30 million, respectively, for a life-of-patents license for existing patents and applications, and a 10-year term license for all other patents, from Samsung Electronics, Ltd.

The results of operations in the first quarter of 2011 included a loss of $113 million for a debt restructure transaction.

2010	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Net sales	$	2,493	$	2,288	$	1,961	$	1,740
Gross margin	781		848		642		443
Operating income	433		540		415		201
Net income	359		960		379		202
Net income attributable to Micron	342		939		365		204
Earnings per share:
Basic	$	0.35	$	1.06	$	0.43	$	0.24
Diluted	0.32		0.92		0.39		0.23

The results of operations for the third quarter of 2010 included a gain of $437 million for the acquisition of Numonyx. (See "Numonyx" note.)