Recently Adopted Accounting Standards (Tables)

9 Months Ended

May 30, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Financial Statement Impact from Adoption of New Accounting Standards

	Quarter ended May 30, 2019									Nine months ended May 30, 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	$	4,788		$	43		$	4,831		$	18,536		$	(72	)	$	18,464
Cost of goods sold	2,960			4			2,964			9,229			(65		)	9,164
Interest expense	(29		)	2			(27		)	(89		)	5			(84		)
Income tax (provision) benefit	135			(8		)	127			(622		)	(13		)	(635		)
Net income attributable to Micron	840			33			873			5,752			(15		)	5,737

As of May 30, 2019	As Reported		Adjustments			Amounts Without the Effects of Adoption of ASC 606
Receivables	$	3,257	$	(112	)	$	3,145
Other current assets	215		(41		)	174
Deferred tax assets	817		82			899
Accounts payable and accrued expenses	3,494		3			3,497
Other current liabilities	557		(8		)	549
Other noncurrent liabilities	417		(1		)	416
Retained earnings	30,201		(65		)	30,136

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	354		—			1			355
Retained earnings	24,395		42			50			24,487