Revenue and Customer Contract Liabilities

9 Months Ended

Jun. 02, 2022

Revenue from Contract with Customer [Abstract]

Revenue and Customer Contract Liabilities

Revenue and Customer Contract Liabilities

Revenue by Technology

	Quarter ended				Nine months ended
	June 2, 2022		June 3, 2021		June 2, 2022		June 3, 2021
DRAM	$	6,271	$	5,448	$	17,577	$	13,948
NAND	2,288		1,812		6,123		5,036
Other (primarily 3D XPoint memory and NOR)	83		162		415		447
	$	8,642	$	7,422	$	24,115	$	19,431

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

Customer Contract Liabilities

As of June 2, 2022 and September 2, 2021, other current liabilities included $1.03 billion and $846 million, respectively, for estimates of consideration payable to customers, including estimates for pricing adjustments and returns.

As of June 2, 2022 and September 2, 2021, other current liabilities included $57 million and $74 million, respectively, of advance payments received from our customers to secure product in future periods. Revenue for the first nine months of 2022 included $74 million recognized as a result of satisfying our performance obligation to ship product against customer advances that existed as of September 2, 2021.

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 June 2, 2022, our future performance obligations beyond one year were not significant.