Revenue and Customer Contract Liabilities

6 Months Ended

Feb. 29, 2024

Revenue from Contract with Customer [Abstract]

Revenue and Customer Contract Liabilities

Revenue and Customer Contract Liabilities

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 February 29, 2024, our future performance obligations beyond one year were not significant.

Revenue by Technology

	Quarter ended				Six months ended
	February 29, 2024		March 2, 2023		February 29, 2024		March 2, 2023
DRAM	$	4,158	$	2,722	$	7,585	$	5,551
NAND	1,567		885		2,797		1,988
Other (primarily NOR)	99		86		168		239
	$	5,824	$	3,693	$	10,550	$	7,778

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

Customer Contract Liabilities

Contract liabilities from customer prepayments made to secure product supply in future periods were approximately $600 million as of February 29, 2024 and were reported within other current liabilities.

As of February 29, 2024 and August 31, 2023, other current liabilities also included $562 million and $453 million, respectively, for estimates of consideration payable to customers including estimates for pricing adjustments and returns.