XML 86 R66.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Schedule I Condensed Financial Information of the Registrant (Tables) | 12 Months Ended
--- | ---
Sep. 01, 2016
Condensed Financial Statements, Captions [Line Items] |
Schedule of Parent Debt |
|  |  |  |  |  | 2016 |  | 2015
Instrument |  | Stated Rate(1) |  | Effective Rate(1) |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
MMJ creditor installment payments |  | N/A |  |  | 6.25 | % |  | $ | 189 |  |  | $ | 680 |  |  | $ | 869 |  |  | $ | 161 |  |  | $ | 701 |  |  | $ | 862 |
Capital lease obligations(2) |  | N/A |  |  | N/A |  |  | 380 |  |  | 1,026 |  |  | 1,406 |  |  | 326 |  |  | 466 |  |  | 792 |
1.258% notes |  | 1.258 | % |  | 1.97 | % |  | 87 |  |  | 131 |  |  | 218 |  |  | 87 |  |  | 217 |  |  | 304 |
2022 senior notes |  | 5.875 | % |  | 6.14 | % |  | — |  |  | 590 |  |  | 590 |  |  | — |  |  | 589 |  |  | 589 |
2022 senior secured term loan B |  | 6.640 | % |  | 7.10 | % |  | 5 |  |  | 730 |  |  | 735 |  |  | — |  |  | — |  |  | — |
2023 senior notes |  | 5.250 | % |  | 5.43 | % |  | — |  |  | 990 |  |  | 990 |  |  | — |  |  | 988 |  |  | 988 |
2023 senior secured notes |  | 7.500 | % |  | 7.69 | % |  | — |  |  | 1,237 |  |  | 1,237 |  |  | — |  |  | — |  |  | — |
2024 senior notes |  | 5.250 | % |  | 5.38 | % |  | — |  |  | 546 |  |  | 546 |  |  | — |  |  | 545 |  |  | 545 |
2025 senior notes |  | 5.500 | % |  | 5.56 | % |  | — |  |  | 1,139 |  |  | 1,139 |  |  | — |  |  | 1,138 |  |  | 1,138 |
2026 senior notes |  | 5.625 | % |  | 5.73 | % |  | — |  |  | 446 |  |  | 446 |  |  | — |  |  | 446 |  |  | 446 |
2032C convertible senior notes(3) |  | 2.375 | % |  | 5.95 | % |  | — |  |  | 204 |  |  | 204 |  |  | — |  |  | 197 |  |  | 197 |
2032D convertible senior notes(3) |  | 3.125 | % |  | 6.33 | % |  | — |  |  | 154 |  |  | 154 |  |  | — |  |  | 150 |  |  | 150 |
2033E convertible senior notes(3) |  | 1.625 | % |  | 4.50 | % |  | — |  |  | 168 |  |  | 168 |  |  | 217 |  |  | — |  |  | 217 |
2033F convertible senior notes(3) |  | 2.125 | % |  | 4.93 | % |  | — |  |  | 271 |  |  | 271 |  |  | 264 |  |  | — |  |  | 264 |
2043G convertible senior notes |  | 3.000 | % |  | 6.76 | % |  | — |  |  | 657 |  |  | 657 |  |  | — |  |  | 644 |  |  | 644 |
Other notes payable |  | 2.485 | % |  | 2.65 | % |  | 95 |  |  | 185 |  |  | 280 |  |  | 34 |  |  | 171 |  |  | 205 |
|  |  |  |  |  | $ | 756 |  |  | $ | 9,154 |  |  | $ | 9,910 |  |  | $ | 1,089 |  |  | $ | 6,252 |  |  | $ | 7,341 |
(1) As of September 1, 2016.
(2) | Weighted-average imputed rate of 3.3% and 3.7% as of September 1, 2016 and September 3, 2015, respectively.
(3) | Since the closing price of our common stock for at least 20 trading days in the 30 trading day period ended on June 30, 2016 did not exceed 130% of the conversion price per share, these notes were not convertible by the holders during the calendar quarter ended September 30, 2016. The closing price of our common stock exceeded the thresholds for the calendar quarter ended September 30, 2016; therefore, these notes are convertible by the holders through December 31, 2016. The 2033 Notes were classified as current as of 2015 because the terms of these notes require us to pay cash for the principal amount of any converted notes and holders of these notes had the right to convert their notes as of that date.
|  |  |  | 2016 |  | 2015
As of |  | Expected Remaining Term (Years)(1) |  | Outstanding Principal |  | Unamortized Discount and Debt Issuance Costs |  | Net Carrying Amount |  | Outstanding Principal |  | Unamortized Discount and Debt Issuance Costs |  | Net Carrying Amount
MMJ creditor installment payments |  | 3 |  | $ | 985 |  |  | $ | (116 | ) |  | $ | 869 |  |  | $ | 1,012 |  |  | $ | (150 | ) |  | $ | 862 |
Capital lease obligations |  | 4 |  | 1,406 |  |  | — |  |  | 1,406 |  |  | 792 |  |  | — |  |  | 792 |
1.258% Notes |  | 2 |  | 231 |  |  | (13 | ) |  | 218 |  |  | 323 |  |  | (19 | ) |  | 304 |
2022 Notes |  | 5 |  | 600 |  |  | (10 | ) |  | 590 |  |  | 600 |  |  | (11 | ) |  | 589 |
2022 Term Loan B |  | 6 |  | 750 |  |  | (15 | ) |  | 735 |  |  | — |  |  | — |  |  | — |
2023 Notes |  | 7 |  | 1,000 |  |  | (10 | ) |  | 990 |  |  | 1,000 |  |  | (12 | ) |  | 988 |
2023 Secured Notes |  | 7 |  | 1,250 |  |  | (13 | ) |  | 1,237 |  |  | — |  |  | — |  |  | — |
2024 Notes |  | 7 |  | 550 |  |  | (4 | ) |  | 546 |  |  | 550 |  |  | (5 | ) |  | 545 |
2025 Notes |  | 8 |  | 1,150 |  |  | (11 | ) |  | 1,139 |  |  | 1,150 |  |  | (12 | ) |  | 1,138 |
2026 Notes |  | 9 |  | 450 |  |  | (4 | ) |  | 446 |  |  | 450 |  |  | (4 | ) |  | 446 |
2032C Notes |  | 3 |  | 223 |  |  | (19 | ) |  | 204 |  |  | 224 |  |  | (27 | ) |  | 197 |
2032D Notes |  | 5 |  | 177 |  |  | (23 | ) |  | 154 |  |  | 177 |  |  | (27 | ) |  | 150 |
2033E Notes |  | 1 |  | 176 |  |  | (8 | ) |  | 168 |  |  | 233 |  |  | (16 | ) |  | 217 |
2033F Notes |  | 3 |  | 297 |  |  | (26 | ) |  | 271 |  |  | 297 |  |  | (33 | ) |  | 264 |
2043G Notes(2) |  | 12 |  | 1,025 |  |  | (368 | ) |  | 657 |  |  | 1,025 |  |  | (381 | ) |  | 644 |
Other notes payable |  | 3 |  | 281 |  |  | (1 | ) |  | 280 |  |  | 205 |  |  | — |  |  | 205 |
|  |  |  | $ | 10,551 |  |  | $ | (641 | ) |  | $ | 9,910 |  |  | $ | 8,038 |  |  | $ | (697 | ) |  | $ | 7,341 |
(1) | Expected remaining term for amortization of the remaining unamortized discount and debt issuance costs as of September 1, 2016. Expected remaining term for capital lease obligations and other notes payable is the weighted-average remaining term.
(2) The 2043G Notes have an original principal amount of $820 million that accretes up to $917 million through the expected term in November 2028 and $1.03 billion at maturity in 2043. The discount is based on the principal at maturity.
Maturities of Parent Notes Payable and Future Minimum Lease Payments | As of September 1, 2016, maturities of notes payable (including the MMJ Creditor Installment Payments) and future minimum lease payments under capital lease obligations were as follows:
|  | Notes Payable |  | Capital Lease Obligations
2017 |  | $ | 387 |  |  | $ | 423 |
2018 |  | 545 |  |  | 372 |
2019 |  | 562 |  |  | 315 |
2020 |  | 696 |  |  | 211 |
2021 |  | 185 |  |  | 73 |
2022 and thereafter |  | 6,663 |  |  | 147 |
Unamortized discounts and interest, respectively |  | (534 | ) |  | (135 | )
|  | $ | 8,504 |  |  | $ | 1,406 |
Micron Technology, Inc. |
Condensed Financial Statements, Captions [Line Items] |
Schedule of Parent Debt |
|  |  |  |  |  | 2016 |  | 2015
Instrument(1) |  | Stated Rate(2) |  | Effective Rate(2) |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
Capital lease obligations(3) |  | N/A |  |  | N/A |  |  | $ | 70 |  |  | $ | 171 |  |  | $ | 241 |  |  | $ | 174 |  |  | $ | 40 |  |  | $ | 214 |
2022 senior notes |  | 5.875 | % |  | 6.14 | % |  | — |  |  | 590 |  |  | 590 |  |  | — |  |  | 589 |  |  | 589 |
2022 senior secured term loan B |  | 6.460 | % |  | 7.10 | % |  | 5 |  |  | 730 |  |  | 735 |  |  | — |  |  | — |  |  | — |
2023 senior notes |  | 5.250 | % |  | 5.43 | % |  | — |  |  | 990 |  |  | 990 |  |  | — |  |  | 988 |  |  | 988 |
2023 senior secured notes |  | 7.500 | % |  | 7.69 | % |  | — |  |  | 1,237 |  |  | 1,237 |  |  | — |  |  | — |  |  | — |
2024 senior notes |  | 5.250 | % |  | 5.38 | % |  | — |  |  | 546 |  |  | 546 |  |  | — |  |  | 545 |  |  | 545 |
2025 senior notes |  | 5.500 | % |  | 5.56 | % |  | — |  |  | 1,139 |  |  | 1,139 |  |  | — |  |  | 1,138 |  |  | 1,138 |
2026 senior notes |  | 5.625 | % |  | 5.73 | % |  | — |  |  | 446 |  |  | 446 |  |  | — |  |  | 446 |  |  | 446 |
2032C convertible senior notes(4) |  | 2.375 | % |  | 5.95 | % |  | — |  |  | 204 |  |  | 204 |  |  | — |  |  | 197 |  |  | 197 |
2032D convertible senior notes(4) |  | 3.125 | % |  | 6.33 | % |  | — |  |  | 154 |  |  | 154 |  |  | — |  |  | 150 |  |  | 150 |
2033E convertible senior notes(4) |  | 1.625 | % |  | 4.50 | % |  | — |  |  | 168 |  |  | 168 |  |  | 217 |  |  | — |  |  | 217 |
2033F convertible senior notes(4) |  | 2.125 | % |  | 4.93 | % |  | — |  |  | 271 |  |  | 271 |  |  | 264 |  |  | — |  |  | 264 |
2043G convertible senior notes |  | 3.000 | % |  | 6.76 | % |  | — |  |  | 657 |  |  | 657 |  |  | — |  |  | 644 |  |  | 644 |
Other |  | 1.650 | % |  | 1.65 | % |  | — |  |  | 10 |  |  | 10 |  |  | — |  |  | 60 |  |  | 60 |
|  |  |  |  |  | $ | 75 |  |  | $ | 7,313 |  |  | $ | 7,388 |  |  | $ | 655 |  |  | $ | 4,797 |  |  | $ | 5,452 |
(1) | Micron has either the obligation or the option to pay cash for the principal amount due upon conversion for all of its convertible notes. Micron's current intent is to settle in cash the principal amount of all of its convertible notes upon conversion.
(2) As of September 1, 2016. (3) Weighted-average imputed rate of 3.4% and 4.5% as of September 1, 2016 and September 3, 2015, respectively.
(4) | Since the closing price of Micron's common stock for at least 20 trading days in the 30 trading day period ended on June 30, 2016 did not exceed 130% of the conversion price per share, these notes were not convertible by the holders during the calendar quarter ended September 30, 2016. The closing price of our common stock exceeded the thresholds for the calendar quarter ended September 30, 2016; therefore, these notes are convertible by the holders through December 31, 2016. The 2033 Notes were classified as current as of 2015 because the terms of these notes require us to pay cash for the principal amount of any converted notes and holders of these notes had the right to convert their notes as of that date.
Maturities of Parent Notes Payable and Future Minimum Lease Payments | As of September 1, 2016, maturities of notes payable and future minimum lease payments under capital lease obligations were as follows:
|  | Notes Payable |  | Capital Lease Obligations
2017 |  | $ | 8 |  |  | $ | 77 |
2018 |  | 183 |  |  | 50 |
2019 |  | 231 |  |  | 44 |
2020 |  | 305 |  |  | 56 |
2021 |  | 195 |  |  | 33 |
2022 and thereafter |  | 6,628 |  |  | — |
Unamortized discounts and interest, respectively |  | (403 | ) |  | (19 | )
|  | $ | 7,147 |  |  | $ | 241 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_CondensedFinancialStatementsCaptionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |