XML 58 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Quarterly Financial Information
 12 Months Ended
Sep. 01, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Information (Unaudited)
(in millions except per share amounts)

2016
 
Fourth Quarter
 
Third Quarter
 
Second Quarter
 
First Quarter
Net sales
 
$
3,217

 
$
2,898

 
$
2,934

 
$
3,350

Gross margin
 
579

 
498

 
579

 
849

Operating income (loss)
 
(32
)
 
(27
)
 
(5
)
 
232

Net income (loss)
 
(170
)
 
(215
)
 
(96
)
 
206

Net income (loss) attributable to Micron
 
(170
)
 
(215
)
 
(97
)
 
206

 
 
 
 
 
 
 
 
 
Earnings (loss) per share
 
 
 
 
 
 
 
 
Basic
 
$
(0.16
)
 
$
(0.21
)
 
$
(0.09
)
 
$
0.20

Diluted
 
(0.16
)
 
(0.21
)
 
(0.09
)
 
0.19



Results of operations in the fourth quarter of 2016 included charges of $58 million related to the 2016 Restructuring Plan.

2015
 
Fourth Quarter
 
Third Quarter
 
Second Quarter
 
First Quarter
Net sales
 
$
3,600

 
$
3,853

 
$
4,166

 
$
4,573

Gross margin
 
970

 
1,202

 
1,405

 
1,638

Operating income
 
427

 
631

 
855

 
1,085

Net income
 
471

 
491

 
935

 
1,002

Net income attributable to Micron
 
471

 
491

 
934

 
1,003

 
 
 
 
 
 
 
 
 
Earnings per share
 
 

 
 

 
 

 
 

Basic
 
$
0.44

 
$
0.46

 
$
0.87

 
$
0.94

Diluted
 
0.42

 
0.42

 
0.78

 
0.84



Results of operations in the fourth, third, and first quarters of 2015 included losses of $1 million, $18 million, and $30 million, respectively, for losses on restructure of debt.