Property, Plant, and Equipment

3 Months Ended

Nov. 28, 2019

Property, Plant and Equipment [Abstract]


As of	November 28, 2019		August 29, 2019

Land	$	352	$	352
Buildings	11,441		10,931
Equipment ⁽¹⁾	45,637		44,051
Construction in progress ⁽²⁾	1,795		1,700
Software	793		790
	60,018		57,824
Accumulated depreciation	(30,666)		(29,584)
	$	29,352	$	28,240

⁽¹⁾Included costs related to equipment not placed into service of $1.80 billion as of November 28, 2019 and $2.33 billion as of August 29, 2019.

⁽²⁾Included building-related construction, tool installation, and software costs for assets not placed into service.

We periodically assess the estimated useful lives of our property, plant, and equipment. Based on our assessment of planned technology node transitions, capital spending, and re-use rates, we revised the estimated useful lives of equipment in our NAND wafer fabrication facilities and our research and development ("R&D") facilities from five years to seven years as of the beginning in the first quarter of 2020. As a result, we estimate the reduction in non-cash depreciation expense benefited operating income and net income by approximately $74 million and diluted earnings per share by approximately $0.07 for the first quarter of 2020.