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Income Taxes (Tables) | 12 Months Ended
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Aug. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of income (loss) before income taxes, net income (loss) attributable to noncontrolling interests, and equity in net income (loss) of equity method investees |
For the year ended |  | 2017 |  | 2016 |  | 2015
Income (loss) before income taxes, net income (loss) attributable to noncontrolling interests, and equity in net income (loss) of equity method investees |  |  |  |  |  |
Foreign |  | $ | 5,252 |  |  | $ | (353 | ) |  | $ | 2,431 |
U.S. |  | (56 | ) |  | 72 |  |  | 178 |
|  | $ | 5,196 |  |  | $ | (281 | ) |  | $ | 2,609 |
Income tax (provision) benefit |  |  |  |  |  |
Current |  |  |  |  |  |
Foreign |  | $ | (152 | ) |  | $ | (27 | ) |  | $ | (93 | )
State |  | (1 | ) |  | (1 | ) |  | (1 | )
U.S. federal |  | — |  |  | — |  |  | 6 |
|  | (153 | ) |  | (28 | ) |  | (88 | )
Deferred |  |  |  |  |  |
Foreign |  | 39 |  |  | (32 | ) |  | (85 | )
State |  | — |  |  | 2 |  |  | 1 |
U.S. federal |  | — |  |  | 39 |  |  | 15 |
Income tax (provision) benefit |  | $ | (114 | ) |  | $ | (19 | ) |  | $ | (157 | )
Schedule of income tax (provision) benefit |
For the year ended |  | 2017 |  | 2016 |  | 2015
Income (loss) before income taxes, net income (loss) attributable to noncontrolling interests, and equity in net income (loss) of equity method investees |  |  |  |  |  |
Foreign |  | $ | 5,252 |  |  | $ | (353 | ) |  | $ | 2,431 |
U.S. |  | (56 | ) |  | 72 |  |  | 178 |
|  | $ | 5,196 |  |  | $ | (281 | ) |  | $ | 2,609 |
Income tax (provision) benefit |  |  |  |  |  |
Current |  |  |  |  |  |
Foreign |  | $ | (152 | ) |  | $ | (27 | ) |  | $ | (93 | )
State |  | (1 | ) |  | (1 | ) |  | (1 | )
U.S. federal |  | — |  |  | — |  |  | 6 |
|  | (153 | ) |  | (28 | ) |  | (88 | )
Deferred |  |  |  |  |  |
Foreign |  | 39 |  |  | (32 | ) |  | (85 | )
State |  | — |  |  | 2 |  |  | 1 |
U.S. federal |  | — |  |  | 39 |  |  | 15 |
Income tax (provision) benefit |  | $ | (114 | ) |  | $ | (19 | ) |  | $ | (157 | )
Income tax (provision) benefit computed using the U.S. federal statutory rate reconciled to income tax (provision) benefit | Income tax (provision) benefit computed using the U.S. federal statutory rate reconciled to income tax (provision) benefit was as follows:
For the year ended |  | 2017 |  | 2016 |  | 2015
U.S. federal income tax (provision) benefit at statutory rate |  | $ | (1,819 | ) |  | $ | 98 |  |  | $ | (913 | )
Foreign tax rate differential |  | 1,571 |  |  | (300 | ) |  | 515 |
Change in valuation allowance |  | 64 |  |  | 63 |  |  | 260 |
Change in unrecognized tax benefits |  | 12 |  |  | 52 |  |  | (118 | )
Tax credits |  | 66 |  |  | 48 |  |  | 53 |
Noncontrolling investment transactions |  | — |  |  | — |  |  | 57 |
Other |  | (8 | ) |  | 20 |  |  | (11 | )
Income tax (provision) benefit |  | $ | (114 | ) |  | $ | (19 | ) |  | $ | (157 | )
Deferred tax assets and liabilities | Deferred tax assets and liabilities consist of the following:
As of |  | 2017 |  | 2016
Deferred tax assets |  |  |  |
Net operating loss and tax credit carryforwards |  | $ | 3,426 |  |  | $ | 3,014 |
Accrued salaries, wages, and benefits |  | 211 |  |  | 142 |
Other accrued liabilities |  | 59 |  |  | 76 |
Other |  | 86 |  |  | 65 |
Gross deferred tax assets |  | 3,782 |  |  | 3,297 |
Less valuation allowance |  | (2,321 | ) |  | (2,107 | )
Deferred tax assets, net of valuation allowance |  | 1,461 |  |  | 1,190 |
Deferred tax liabilities |  |  |  |
Debt discount |  | (145 | ) |  | (170 | )
Property, plant, and equipment |  | (300 | ) |  | (135 | )
Unremitted earnings on certain subsidiaries |  | (123 | ) |  | (121 | )
Product and process technology |  | (85 | ) |  | (81 | )
Other |  | (59 | ) |  | (28 | )
Deferred tax liabilities |  | (712 | ) |  | (535 | )
Net deferred tax assets |  | $ | 749 |  |  | $ | 655 |
Reported as |  |  |  |
Deferred tax assets |  | $ | 766 |  |  | $ | 657 |
Deferred tax liabilities (included in other noncurrent liabilities) |  | (17 | ) |  | (2 | )
Net deferred tax assets |  | $ | 749 |  |  | $ | 655 |
Net operating loss carryforwards | As of August 31, 2017, our federal, state, and foreign net operating loss carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Expiration |  | U.S. Federal |  | State |  | Japan |  | Taiwan |  | Other Foreign |  | Total
2018 - 2022 |  | $ | — |  |  | $ | 27 |  |  | $ | 3,485 |  |  | $ | 473 |  |  | $ | 680 |  |  | $ | 4,665 |
2023 - 2027 |  | — |  |  | 330 |  |  | 587 |  |  | 685 |  |  | 6 |  |  | 1,608 |
2028 - 2032 |  | 3,027 |  |  | 1,277 |  |  | — |  |  | — |  |  | — |  |  | 4,304 |
2033 - 2037 |  | 852 |  |  | 320 |  |  | — |  |  | — |  |  | — |  |  | 1,172 |
Indefinite |  | — |  |  | — |  |  | — |  |  | 342 |  |  | 45 |  |  | 387 |
|  | $ | 3,879 |  |  | $ | 1,954 |  |  | $ | 4,072 |  |  | $ | 1,500 |  |  | $ | 731 |  |  | $ | 12,136 |
Federal and state tax credit carryforwards | As of August 31, 2017, our federal and state tax credit carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Tax Credit Expiration |  | U.S. Federal |  | State |  | Total
2018 - 2022 |  | $ | 48 |  |  | $ | 62 |  |  | $ | 110 |
2023 - 2027 |  | 99 |  |  | 37 |  |  | 136 |
2028 - 2032 |  | 64 |  |  | 76 |  |  | 140 |
2033 - 2037 |  | 205 |  |  | 1 |  |  | 206 |
Indefinite |  | — |  |  | 57 |  |  | 57 |
|  | $ | 416 |  |  | $ | 233 |  |  | $ | 649 |
Reconciliation of beginning and ending amount of unrecognized tax benefits | Below is a reconciliation of the beginning and ending amount of unrecognized tax benefits:
For the year ended |  | 2017 |  | 2016 |  | 2015
Beginning unrecognized tax benefits |  | $ | 304 |  |  | $ | 351 |  |  | $ | 228 |
Increases due to the Inotera Acquisition |  | 54 |  |  | — |  |  | — |
Increases related to tax positions taken in current year |  | 15 |  |  | 5 |  |  | 119 |
Foreign currency translation increases (decreases) to tax positions |  | 2 |  |  | — |  |  | (6 | )
Settlements with tax authorities |  | (47 | ) |  | (47 | ) |  | (1 | )
Expiration of statute of limitations |  | (1 | ) |  | (5 | ) |  | (6 | )
Increases related to tax positions from prior years |  | — |  |  | — |  |  | 17 |
Ending unrecognized tax benefits |  | $ | 327 |  |  | $ | 304 |  |  | $ | 351 |

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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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