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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Mar. 04, 2021
Feb. 27, 2020
Cash flows from operating activities    
Net income $ 1,406 $ 915
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation expense and amortization of intangible assets 3,036 2,661
Amortization of debt discount and other costs 15 16
Stock-based compensation 189 157
(Gain) loss on debt prepayments, repurchases, and conversions 0 (42)
Change in operating assets and liabilities    
Receivables 533 104
Inventories 629 (69)
Accounts payable and accrued expenses (777) 257
Deferred income taxes, net (11) 38
Other 4 (25)
Net cash provided by operating activities 5,024 4,012
Cash flows from investing activities    
Expenditures for property, plant, and equipment (5,756) (3,999)
Purchases of available-for-sale securities (1,349) (566)
Proceeds from maturities of available-for-sale securities 746 523
Proceeds from sales of available-for-sale securities 178 1,059
Proceeds from government incentives 176 105
Other 31 (21)
Net cash provided by (used for) investing activities (5,974) (2,899)
Cash flows from financing activities    
Payments on equipment purchase contracts (123) (29)
Repayments of debt (103) (1,676)
Acquisition of noncontrolling interest in IMFT 0 (744)
Proceeds from issuance of debt 0 1,250
Other 17 (8)
Net cash provided by (used for) financing activities (209) (1,207)
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 43 (14)
Net increase (decrease) in cash, cash equivalents, and restricted cash (1,116) (108)
Cash, cash equivalents, and restricted cash at beginning of period 7,690 7,279
Cash, cash equivalents, and restricted cash at end of period $ 6,574 $ 7,171