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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Dec. 02, 2021
Dec. 03, 2020
Cash flows from operating activities    
Net income $ 2,306 $ 803
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation expense and amortization of intangible assets 1,671 1,487
Stock-based compensation 118 92
(Gain) loss on debt repurchases and conversions 83 0
Change in operating assets and liabilities    
Receivables 67 251
Inventories (344) 130
Accounts payable and accrued expenses (42) (753)
Deferred income taxes, net 54 (24)
Other 25 (19)
Net cash provided by operating activities 3,938 1,967
Cash flows from investing activities    
Expenditures for property, plant, and equipment (3,265) (2,738)
Purchases of available-for-sale securities (528) (1,002)
Proceeds from sale of Lehi, Utah fab 893 0
Proceeds from maturities of available-for-sale securities 313 216
Proceeds from sales of available-for-sale securities 124 45
Proceeds from government incentives 55 40
Other (77) 21
Net cash provided by (used for) investing activities (2,485) (3,418)
Cash flows from financing activities    
Repayments of debt (1,949) (84)
Repurchases of common stock - repurchase program (259) 0
Payments of dividends to shareholders (112) 0
Repurchases of common stock - withholdings on employee equity awards (102) (57)
Payments on equipment purchase contracts (78) (97)
Proceeds from issuance of debt 2,000 0
Other (13) 24
Net cash provided by (used for) financing activities (513) (214)
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash (6) 27
Net increase (decrease) in cash, cash equivalents, and restricted cash 934 (1,638)
Cash, cash equivalents, and restricted cash at beginning of period 7,829 7,690
Cash, cash equivalents, and restricted cash at end of period $ 8,763 $ 6,052