Revenue and Customer Contract Liabilities

3 Months Ended

Dec. 02, 2021

Revenue from Contract with Customer [Abstract]

Revenue and Customer Contract Liabilities

Revenue and Customer Contract Liabilities

Revenue by Technology

Three months ended	December 2, 2021		December 3, 2020
DRAM	$	5,587	$	4,056
NAND	1,878		1,574
Other (primarily 3D XPoint memory and NOR)	222		143
	$	7,687	$	5,773

See “Segment and Other Information” for disclosure of disaggregated revenue by market segment.

Customer Contract Liabilities

Contract liabilities from customer advance payments made to secure product in future periods were $74 million as of December 2, 2021 and as of September 2, 2021, and were reported within other current liabilities. Revenue recognized during the first quarter of 2022 from the ending balance of 2021 was $63 million from meeting performance obligations by shipping against customer advances.

Revenue is primarily recognized at a point in time when control of the promised goods is transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for those goods. Substantially all contracts with our customers are short-term in duration at fixed, negotiated prices with payment generally due shortly after delivery. From time to time, we have contracts with initial terms that include performance obligations that extend beyond one year. As of December 2, 2021, our future performance obligations beyond one year were not significant.

As of December 2, 2021 and September 2, 2021, other current liabilities included $824 million and $846 million for estimates of consideration payable to customers, respectively, including estimates for pricing adjustments and returns.