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Income Taxes (Tables)
12 Months Ended
Aug. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income (loss) Before Tax and Other Items Our income tax (provision) benefit consisted of the following:
For the year ended202320222021
Income (loss) before income taxes and equity in net income (loss) of equity method investees
U.S.$235 $112 $(211)
Foreign(5,893)9,459 6,429 
 $(5,658)$9,571 $6,218 
Income tax (provision) benefit
Current
U.S. federal$(5)$(65)$(42)
State(1)(1)(1)
Foreign(178)(528)(370)
 (184)(594)(413)
Deferred
U.S. federal(84)(166)(9)
State— (225)28 
Foreign91 97 — 
(294)19 
Income tax (provision) benefit$(177)$(888)$(394)
Schedule of Components of Income Tax (Provision) Benefit Our income tax (provision) benefit consisted of the following:
For the year ended202320222021
Income (loss) before income taxes and equity in net income (loss) of equity method investees
U.S.$235 $112 $(211)
Foreign(5,893)9,459 6,429 
 $(5,658)$9,571 $6,218 
Income tax (provision) benefit
Current
U.S. federal$(5)$(65)$(42)
State(1)(1)(1)
Foreign(178)(528)(370)
 (184)(594)(413)
Deferred
U.S. federal(84)(166)(9)
State— (225)28 
Foreign91 97 — 
(294)19 
Income tax (provision) benefit$(177)$(888)$(394)
Schedule of Effective Income Tax Reconciliation The table below reconciles our tax (provision) benefit based on the U.S. federal statutory rate to our effective rate:
For the year ended202320222021
U.S. federal income tax (provision) benefit at statutory rate
$1,188 21.0 %$(2,010)21.0 %$(1,306)21.0 %
U.S. tax on foreign operations0.1 %(322)3.4 %(226)3.6 %
Change in valuation allowance(50)(0.9)%(241)2.5 %54 (0.9)%
Change in unrecognized tax benefits(30)(0.5)%(67)0.7 %(238)3.8 %
Foreign tax rate differential(1,285)(22.8)%1,601 (16.7)%951 (15.4)%
Research and development tax credits43 0.8 %66 (0.7)%123 (2.0)%
State taxes, net of federal benefit37 0.7 %— — %59 (0.9)%
Debt premium deductions— — %— — %130 (2.1)%
Other(86)(1.5)%85 (0.9)%59 (0.8)%
Income tax (provision) benefit$(177)(3.1)%$(888)9.3 %$(394)6.3 %
Schedule of Deferred Tax Assets and Liabilities
As ofAugust 31,
2023
September 1,
2022
Deferred tax assets
Net operating loss and tax credit carryforwards$1,112 $796 
Accrued salaries, wages, and benefits39 157 
Operating lease liabilities135 138 
Inventories52 77 
Property, plant, and equipment— 44 
Other75 142 
Gross deferred tax assets1,413 1,354 
Less valuation allowance(528)(471)
Deferred tax assets, net of valuation allowance885 883 
Deferred tax liabilities
Right-of-use assets(115)(126)
Property, plant, and equipment
(31)— 
Other(100)(68)
Deferred tax liabilities(246)(194)
Net deferred tax assets$639 $689 
Reported as
Deferred tax assets$756 $702 
Deferred tax liabilities (included in other noncurrent liabilities)(117)(13)
Net deferred tax assets$639 $689 
Schedule of Net Operating Loss Carryforwards As of August 31, 2023, our net operating loss carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Expiration
Singapore
Malaysia
State
Japan
OtherTotal
2024 - 2028$— $— $47 $336 $25 $408 
2029 - 2033— — 348 321 109 778 
2034 - 2038— — 237 — — 237 
2039 - 2043— — 183 — — 183 
Indefinite1,688 1,025 60 — 202 2,975 
$1,688 $1,025 $875 $657 $336 $4,581 
Schedule of Tax Credit Carryforwards As of August 31, 2023, our federal and state tax credit carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Tax Credit ExpirationU.S. FederalStateTotal
2024 - 2028$— $51 $51 
2029 - 2033— 120 120 
2034 - 2038— 137 137 
2039 - 2043306 311 
Indefinite— 131 131 
$306 $444 $750 
Schedule of Unrecognized Tax Benefits Rollforward Below is a reconciliation of the beginning and ending amount of our unrecognized tax benefits:
For the year ended202320222021
Beginning unrecognized tax benefits$731 $660 $411 
Increases related to tax positions from prior years14 
Increases related to prior year tax positions taken in current year
27 — — 
Increases related to tax positions taken in current year17 80 260 
Decreases related to tax positions from prior years(33)(23)(13)
Ending unrecognized tax benefits$744 $731 $660