Consolidated Variable Interest Entities (Tables)

3 Months Ended

Nov. 28, 2013

Variable Interest Entity [Line Items]

IMFT's distributions to, and contributions from, shareholders

The following table presents IMFT's distributions to and contributions from its shareholders:



Quarter Ended	November 28, 2013		November 29, 2012
IMFT distributions to Micron	$	—	$	—
IMFT distributions to Intel	—		—
Micron contributions to IMFT	51		—
Intel contributions to IMFT	49		—

IM Flash Technologies, LLC [Member]

Variable Interest Entity [Line Items]

Total IMFT and MP Mask assets and liabilities

The following table presents the assets and liabilities of IMFT included in our consolidated balance sheets, excluding intercompany balances:



As of	November 28, 2013		August 29, 2013
Assets
Cash and equivalents	$	105	$	62
Receivables	67		76
Inventories	48		49
Other current assets	4		4
Total current assets	224		191
Property, plant and equipment, net	1,364		1,382
Other noncurrent assets	47		46
Total assets	$	1,635	$	1,619

Liabilities
Accounts payable and accrued expenses	$	87	$	88
Deferred income	9		9
Equipment purchase contracts	4		78
Current portion of long-term debt	6		6
Total current liabilities	106		181
Long-term debt	11		13
Other noncurrent liabilities	114		118
Total liabilities	$	231	$	312

Amounts exclude intercompany balances that were eliminated in our consolidated balance sheets.

MP Mask Technology Center LLC [Member]

Variable Interest Entity [Line Items]

Total IMFT and MP Mask assets and liabilities

Total MP Mask assets and liabilities included in our consolidated balance sheets were as follows:



As of	November 28, 2013		August 29, 2013
Current assets	$	32	$	26
Noncurrent assets (primarily property, plant and equipment)	176		182
Current liabilities	24		25

Amounts exclude intercompany balances that were eliminated in our consolidated balance sheets.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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