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Revenue and Customer Contract Liabilities
 6 Months Ended
Feb. 27, 2025
Revenue from Contract with Customer [Abstract]  
Revenue and Customer Contract Liabilities
Revenue and Customer Contract Liabilities

Revenue by Technology

Quarter Ended
Six months ended
February 27, 2025February 29, 2024February 27, 2025February 29, 2024
DRAM$6,123 $4,158 $12,523 $7,585 
NAND1,855 1,567 4,096 2,797 
Other (primarily NOR)
75 99 143 168 
$8,053 $5,824 $16,762 $10,550 

See “Item 1. Financial Statements – Notes to Consolidated Financial Statements – Segment and Other Information” for disclosure of disaggregated revenue by market segment.

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 27, 2025, our future performance obligations beyond one year were $142 million, which included customer prepayments and other contract liabilities.

As of February 27, 2025 and August 29, 2024, customer prepayments made to secure product supply in future periods and other contract liabilities were $555 million and $907 million, respectively, of which $413 million and $766 million were reported in other current liabilities, respectively. The remainder of the customer prepayments and other contract liabilities were in other noncurrent liabilities. Revenue recognized during the first six months of 2025 from the beginning balance as of August 29, 2024 included $365 million from shipments against customer prepayments and other contract liabilities.

As of February 27, 2025 and August 29, 2024, other current liabilities included $756 million and $718 million, respectively, for estimates of consideration payable to customers including estimates for pricing adjustments and returns.