XML 66 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
12 Months Ended
Aug. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

For the year ended
 
2014
 
2013
 
2012
Net income (loss) available to Micron shareholders – Basic
 
$
3,045

 
$
1,190

 
$
(1,032
)
Dilutive effect related to equity method investment
 
(2
)
 

 

Net income (loss) available to Micron shareholders – Diluted
 
$
3,043

 
$
1,190

 
$
(1,032
)
 
 
 
 
 
 
 
Weighted-average common shares outstanding – Basic
 
1,060

 
1,022

 
991

Dilutive effect of equity plans and convertible notes
 
138

 
35

 

Weighted-average common shares outstanding – Diluted
 
1,198

 
1,057

 
991

 
 
 
 
 
 
 
Earnings (loss) per share:
 
 
 
 
 
 
Basic
 
$
2.87

 
$
1.16

 
$
(1.04
)
Diluted
 
2.54

 
1.13

 
(1.04
)


Listed below are the potential common shares, as of the end of the periods shown, that could dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive:

For the year ended
 
2014
 
2013
 
2012
Equity plans
 
7

 
40

 
105

Convertible notes
 
26

 
186

 
258


Our 2031B Notes, 2033 Notes and 2043 Notes, and, to the extent our 2027 Notes and 2031A Notes were outstanding during the periods presented, contain terms that upon conversion require us to settle the aggregate principal amount in cash and the remainder of our conversion obligation amount in either shares of our common stock or cash, at our election. Our 2032 Notes, and, to the extent our 2014 Notes were outstanding during the periods presented, contain terms that upon conversion provide us the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due. It is our current intent to settle the principal amount of our 2032 Notes in cash upon conversion. As a result of these conversion terms, the shares underlying the 2014 Notes, 2027 Notes, 2031 Notes, 2032 Notes, 2033 Notes and 2043 Notes were considered in diluted earnings per share for the period they were outstanding during 2014 under the treasury stock method. (See "Debt" note.)