Recently Adopted Accounting Standards (Tables)

3 Months Ended

Nov. 29, 2018

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Financial Statement Impact from Adoption of New Accounting Standards

Quarter ended November 29, 2018	As Reported			Adjustments			Amounts Without the Effects of Adoption of ASC 606
Revenue	$	7,913		$	(95	)	$	7,818
Cost of goods sold	3,298			(41		)	3,257
Interest expense	(33		)	2			(31		)
Income tax provision	(477		)	3			(474		)
Net income attributable to Micron	3,293			(49		)	3,244

As of November 29, 2018	As Reported		Adjustments			Amounts Without the Effects of Adoption of ASC 606
Receivables	$	5,418	$	(161	)	$	5,257
Other current assets	182		(41		)	141
Deferred tax assets	842		92			934
Accounts payable and accrued expenses	4,200		(2		)	4,198
Other current liabilities	591		(8		)	583
Other noncurrent liabilities	834		(1		)	833
Retained earnings	27,769		(99		)	27,670

The following table summarizes the effects of adopting ASU 2016-16 and ASC 606.

			Adjustments from:
	Ending Balance as of August 30, 2018		ASU 2016-16			ASC 606			Opening Balance as of August 31, 2018
Receivables	$	5,478	$	—		$	114		$	5,592
Inventories	3,595		—			(5		)	3,590
Other current assets	164		(14		)	30			180
Deferred tax assets	1,022		56			(92		)	986
Other current liabilities	521		—			(4		)	517
Other noncurrent liabilities	581		—			1			582
Retained earnings	24,395		42			50			24,487