Equity

3 Months Ended

Nov. 27, 2025

Equity [Abstract]

Equity

Equity

Common Stock Repurchases

Our Board of Directors has authorized the discretionary repurchase of up to $10 billion of our outstanding common stock through open-market purchases, block trades, privately-negotiated transactions, derivative transactions, and/or pursuant to Rule 10b5-1 trading plans. The repurchase authorization has no expiration date, does not obligate us to acquire any common stock, and is subject to market conditions, restrictions applicable under our CHIPS Act direct funding agreements, and our ongoing determination of the best use of available cash. In the first quarter of 2026, we repurchased 1.3 million shares of our common stock for $300 million. Through November 27, 2025, we had repurchased an aggregate of $7.49 billion under the authorization. Amounts repurchased are included in treasury stock.

Dividends

In the first quarter of 2026, we declared and paid dividends of $0.115 per share. On December 17, 2025, our Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on January 14, 2026, to shareholders of record as of the close of business on December 29, 2025.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component for the three months ended November 27, 2025 were as follows:

	Gains (Losses) on Derivative Instruments		Unrealized Gains (Losses) on Investments		Pension Liability Adjustments		Cumulative Foreign Currency Translation Adjustment		Total
As of August 28, 2025	$	(70)	$	(4)	$	45	$	(3)	$	(32)
Other comprehensive income (loss) before reclassifications	(120)		3		—		—		(117)
Amount reclassified out of accumulated other comprehensive income (loss)	(6)		—		—		—		(6)
Tax effects	32		—		—		—		32
Other comprehensive income (loss)	(94)		3		—		—		(91)
As of November 27, 2025	$	(164)	$	(1)	$	45	$	(3)	$	(123)