Recently Adopted Accounting Standards (Tables)

6 Months Ended

Feb. 28, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Financial Statement Impact from Adoption of New Accounting Standards

	Quarter ended February 28, 2019									Six months ended February 28, 2019
	As Reported			Adjustments			Amounts Without the Effects of Adoption of ASC 606			As Reported			Adjustments			Amounts Without the Effects of Adoption of ASC 606
Revenue	$	5,835		$	(20	)	$	5,815		$	13,748		$	(115	)	$	13,633
Cost of goods sold	2,971			(28		)	2,943			6,269			(69		)	6,200
Interest expense	(27		)	1			(26		)	(60		)	3			(57		)
Income tax provision	(280		)	(8		)	(288		)	(757		)	(5		)	(762		)
Net income attributable to Micron	1,619			1			1,620			4,912			(48		)	4,864

As of February 28, 2019	As Reported		Adjustments			Amounts Without the Effects of Adoption of ASC 606
Receivables	$	4,416	$	(154	)	$	4,262
Other current assets	211		(39		)	172
Deferred tax assets	762		87			849
Accounts payable and accrued expenses	4,062		—			4,062
Other current liabilities	665		(7		)	658
Other noncurrent liabilities	993		(1		)	992
Retained earnings	29,364		(98		)	29,266

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

	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