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Earnings Per Share
3 Months Ended
Nov. 28, 2013
Disclosure Text Block [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of common shares outstanding.  Diluted earnings per share is computed based on the weighted-average number of common shares outstanding plus the dilutive effects of equity awards and convertible notes.  Potential common shares that would increase earnings per share amounts or decrease loss per share amounts are antidilutive and are therefore excluded from diluted earnings per share calculations.  Antidilutive potential common shares that could dilute basic earnings per share in the future were 38 million and 357 million for the first quarters of 2014 and 2013, respectively.

Quarter ended
 
November 28,
2013
 
November 29,
2012
Net income (loss) available to Micron shareholders – Basic and Diluted
 
$
358

 
$
(275
)
 
 
 
 
 
Weighted-average common shares outstanding – Basic
 
1,046

 
1,014

Net effect of dilutive equity awards and convertible notes
 
150

 

Weighted-average common shares outstanding – Diluted
 
1,196

 
1,014

 
 
 
 
 
Earnings (loss) per share:
 
 
 
 
Basic
 
$
0.34

 
$
(0.27
)
Diluted
 
0.30

 
(0.27
)