XML 144 R127.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule I Condensed Parent Company Debt Disclosures (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Aug. 31, 2017
USD ($)
Aug. 31, 2017
USD ($)
d
Sep. 01, 2016
USD ($)
Apr. 30, 2016
USD ($)
Aug. 28, 2014
USD ($)
Debt Instrument [Line Items]          
Current debt $ 1,262 $ 1,262 $ 756    
Long-term debt 9,872 9,872 9,154    
Debt [1] 11,134 11,134 9,910    
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]          
2018 402 402      
2019 334 334      
2020 229 229      
2021 97 97      
2022 62 62      
2023 and thereafter 227 227      
Capital Leases, Future Minimum Payments, Interest Included in Payments (161) (161)      
Capital Lease Obligations 1,190 1,190      
Capital lease obligations          
Debt Instrument [Line Items]          
Current debt 357 357 380    
Long-term debt 833 833 1,026    
Debt [1] $ 1,190 $ 1,190 1,406    
Corporate bonds | 2022 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.88% 5.88%      
Effective interest rate (in thousandths) 6.14% 6.14%      
Current debt $ 0 $ 0 0    
Long-term debt 0 0 590    
Debt [1] $ 0 $ 0 590    
Corporate bonds | 2023 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.25% 5.25%      
Effective interest rate (in thousandths) 5.43% 5.43%      
Current debt $ 0 $ 0 0    
Long-term debt 991 991 990    
Debt [1] $ 991 $ 991 990    
Corporate bonds | 2024 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.25% 5.25%      
Effective interest rate (in thousandths) 5.38% 5.38%      
Current debt $ 0 $ 0 0    
Long-term debt 546 546 546    
Debt [1] $ 546 $ 546 546    
Corporate bonds | 2025 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.50% 5.50%      
Effective interest rate (in thousandths) 5.56% 5.56%      
Current debt $ 0 $ 0 0    
Long-term debt 515 515 1,139    
Debt [1] $ 515 $ 515 1,139    
Corporate bonds | 2026 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.63% 5.63%      
Effective interest rate (in thousandths) 5.73% 5.73%      
Current debt $ 0 $ 0 0    
Long-term debt 128 128 446    
Debt [1] $ 128 $ 128 446    
Secured Debt | 2022 Term Loan B          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 3.80% 3.80%      
Effective interest rate (in thousandths) 4.22% 4.22%      
Current debt $ 5 $ 5 5    
Long-term debt 725 725 730    
Debt [1] $ 730 $ 730 735    
Debt Instrument, Face Amount       $ 750  
Secured Debt | 2023 Secured Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 7.50% 7.50%      
Effective interest rate (in thousandths) 7.69% 7.69%      
Current debt $ 0 $ 0 0    
Long-term debt 1,238 1,238 1,237    
Debt [1] 1,238 1,238 1,237    
Debt Instrument, Face Amount       $ 1,250  
Secured Debt | Secured Notes 2022 TLB and 2023 Senior Secured Notes          
Debt Instrument [Line Items]          
Debt Instrument, Collateral Amount $ 6,220 $ 6,220      
Convertible Debt          
Debt Instrument [Line Items]          
Conversion rights, threshold percentage of applicable conversion price (in hundredths)   130.00%      
Conversion rights, minimum number of trading days (in days) | d   20      
Conversion rights, consecutive trading period (in days) | d   30      
Derivative debt liability         $ 275
Convertible Debt | 2032C Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 2.38% 2.38%      
Effective interest rate (in thousandths) 5.95% 5.95%      
Current debt $ 0 [2] $ 0 [2] 0 [3]    
Long-term debt 211 [2] 211 [2] 204 [3]    
Debt [1] $ 211 $ 211 204    
Convertible Debt | 2032D Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 3.13% 3.13%      
Effective interest rate (in thousandths) 6.33% 6.33%      
Current debt $ 0 [2] $ 0 [2] 0 [3]    
Long-term debt 159 [2] 159 [2] 154 [3]    
Debt [1] $ 159 $ 159 154    
Convertible Debt | 2033E Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 1.63% 1.63%      
Effective interest rate (in thousandths) 4.50% 4.50%      
Current debt [2] $ 202 $ 202 0    
Long-term debt [2] 0 0 168    
Debt [1] 202 202 168    
Derivative debt liability 31 $ 31      
Principle amount of 2033E Notes elected to be settled in cash $ 16        
Convertible Debt | 2033F Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 2.13% 2.13%      
Effective interest rate (in thousandths) 4.93% 4.93%      
Current debt [2] $ 278 $ 278 0    
Long-term debt [2] 0 0 271    
Debt [1] $ 278 $ 278 271    
Convertible Debt | 2043G Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 3.00% 3.00%      
Effective interest rate (in thousandths) 6.76% 6.76%      
Current debt $ 0 $ 0 0    
Long-term debt 671 671 657    
Debt [1] 671 671 657    
Original principal amount of 2043G Notes 820 820      
Debt Instrument, Scheduled Accreted Principal Amount 917 917      
Debt Instrument, Face Amount 1,025 1,025      
Notes Payable, Other Payables          
Debt Instrument [Line Items]          
Current debt 164 164 182    
Long-term debt 44 44 316    
Debt [1] 208 208 498    
Loans Payable          
Long-term Debt, by Maturity [Abstract]          
2018 641 641      
2019 1,166 1,166      
2020 1,727 1,727      
2021 1,269 1,269      
2022 1,204 1,204      
2023 and thereafter 4,365 4,365      
Debt Instrument, Unamortized Discount (428) (428)      
Notes Payable 9,944 9,944      
Micron Technology, Inc.          
Debt Instrument [Line Items]          
Current debt 530 530 75    
Long-term debt 5,320 5,320 7,313    
Debt 5,850 5,850 7,388    
Subordinated Debt 3,700 3,700      
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]          
2018 51 51      
2019 44 44      
2020 56 56      
2021 32 32      
2022 0 0      
2023 and thereafter 0 0      
Capital Leases, Future Minimum Payments, Interest Included in Payments (12) (12)      
Capital Lease Obligations 171 171      
Micron Technology, Inc. | Guarantee of Subsidiary Obligation          
Debt Instrument [Line Items]          
Maximum exposure from guarantees to subsidiaries 4,160 4,160      
Micron Technology, Inc. | Capital lease obligations          
Debt Instrument [Line Items]          
Current debt 45 45 70    
Long-term debt 126 126 171    
Debt 171 171 241    
Micron Technology, Inc. | Capital lease obligations | Equipment          
Debt Instrument [Line Items]          
Debt Instrument, Collateral Amount $ 155 $ 155 226    
Micron Technology, Inc. | Corporate bonds | 2022 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.88% 5.88%      
Effective interest rate (in thousandths) 6.14% 6.14%      
Current debt $ 0 $ 0 0    
Long-term debt 0 0 590    
Debt $ 0 $ 0 590    
Micron Technology, Inc. | Corporate bonds | 2023 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.25% 5.25%      
Effective interest rate (in thousandths) 5.43% 5.43%      
Current debt $ 0 $ 0 0    
Long-term debt 991 991 990    
Debt $ 991 $ 991 990    
Micron Technology, Inc. | Corporate bonds | 2024 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.25% 5.25%      
Effective interest rate (in thousandths) 5.38% 5.38%      
Current debt $ 0 $ 0 0    
Long-term debt 546 546 546    
Debt $ 546 $ 546 546    
Micron Technology, Inc. | Corporate bonds | 2025 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.50% 5.50%      
Effective interest rate (in thousandths) 5.56% 5.56%      
Current debt $ 0 $ 0 0    
Long-term debt 515 515 1,139    
Debt $ 515 $ 515 1,139    
Micron Technology, Inc. | Corporate bonds | 2026 Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 5.63% 5.63%      
Effective interest rate (in thousandths) 5.73% 5.73%      
Current debt $ 0 $ 0 0    
Long-term debt 128 128 446    
Debt $ 128 $ 128 446    
Micron Technology, Inc. | Secured Debt | 2022 Term Loan B          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 3.80% 3.80%      
Effective interest rate (in thousandths) 4.22% 4.22%      
Current debt $ 5 $ 5 5    
Long-term debt 725 725 730    
Debt $ 730 $ 730 735    
Micron Technology, Inc. | Secured Debt | 2023 Secured Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 7.50% 7.50%      
Effective interest rate (in thousandths) 7.69% 7.69%      
Current debt $ 0 $ 0 0    
Long-term debt 1,238 1,238 1,237    
Debt 1,238 1,238 1,237    
Micron Technology, Inc. | Secured Debt | Secured Notes 2022 TLB and 2023 Senior Secured Notes          
Debt Instrument [Line Items]          
Debt Instrument, Collateral Amount 8,360 8,360      
Debt Instrument, Collateral Amount Attributable To Investment in Subsidiaries $ 2,140 $ 2,140      
Micron Technology, Inc. | Convertible Debt          
Debt Instrument [Line Items]          
Conversion rights, threshold percentage of applicable conversion price (in hundredths)   130.00%      
Conversion rights, minimum number of trading days (in days) | d   20      
Conversion rights, consecutive trading period (in days) | d   30      
Micron Technology, Inc. | Convertible Debt | 2032C Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 2.38% 2.38%      
Effective interest rate (in thousandths) 5.95% 5.95%      
Current debt [3] $ 0 $ 0 0    
Long-term debt [3] 211 211 204    
Debt [3] $ 211 $ 211 204    
Micron Technology, Inc. | Convertible Debt | 2032D Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 3.13% 3.13%      
Effective interest rate (in thousandths) 6.33% 6.33%      
Current debt [3] $ 0 $ 0 0    
Long-term debt [3] 159 159 154    
Debt [3] $ 159 $ 159 154    
Micron Technology, Inc. | Convertible Debt | 2033E Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 1.63% 1.63%      
Effective interest rate (in thousandths) 4.50% 4.50%      
Current debt [3] $ 202 [4] $ 202 [4] 0    
Long-term debt [3] 0 [4] 0 [4] 168    
Debt [3] 202 [4] 202 [4] 168    
Derivative debt liability $ 31 31      
Principle amount of 2033E Notes elected to be settled in cash   $ 16      
Micron Technology, Inc. | Convertible Debt | 2033F Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 2.13% 2.13%      
Effective interest rate (in thousandths) 4.93% 4.93%      
Current debt [3] $ 278 $ 278 0    
Long-term debt [3] 0 0 271    
Debt [3] $ 278 $ 278 271    
Micron Technology, Inc. | Convertible Debt | 2043G Notes          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 3.00% 3.00%      
Effective interest rate (in thousandths) 6.76% 6.76%      
Current debt [5] $ 0 $ 0 0    
Long-term debt [5] 671 671 657    
Debt 671 [6] 671 [6] 657 [5]    
Original principal amount of 2043G Notes 820 820      
Debt Instrument, Scheduled Accreted Principal Amount 917 917      
Debt Instrument, Face Amount $ 1,030 $ 1,030      
Micron Technology, Inc. | Notes Payable, Other Payables          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 1.65% 1.65%      
Effective interest rate (in thousandths) 1.65% 1.65%      
Current debt $ 0 $ 0 0    
Long-term debt 10 10 10    
Debt 10 10 $ 10    
Micron Technology, Inc. | Loans Payable          
Long-term Debt, by Maturity [Abstract]          
2018 211 211      
2019 231 231      
2020 305 305      
2021 195 195      
2022 713 713      
2023 and thereafter 4,365 4,365      
Debt Instrument, Unamortized Discount (341) (341)      
Notes Payable $ 5,679 $ 5,679      
Weighted Average | Capital lease obligations          
Debt Instrument [Line Items]          
Effective interest rate (in thousandths) 3.68% 3.68%      
Weighted Average | Notes Payable, Other Payables          
Debt Instrument [Line Items]          
Stated interest rate (in thousandths) 2.13% 2.13%      
Effective interest rate (in thousandths) 2.66% 2.66%      
Weighted Average | Micron Technology, Inc. | Capital lease obligations          
Debt Instrument [Line Items]          
Effective interest rate (in thousandths) 3.34% 3.34%      
[1] Net carrying amount is the principal amount less unamortized debt discount and issuance costs. In addition, the net carrying amount for our 2033E Notes for 2017 included $31 million of derivative debt liabilities recognized as a result of our election to settle entirely in cash converted notes with an aggregate principal amount of $16 million.
[2] Since the closing price of our common stock exceeded 130% of the conversion price per share for at least 20 trading days in the 30 trading day period ended on June 30, 2017, these notes are convertible by the holders through the calendar quarter ended September 30, 2017. The closing price of our common stock also exceeded the thresholds for the calendar quarter ended September 30, 2017; therefore, these notes are convertible by the holders through December 31, 2017. The 2033 Notes were classified as current as of August 31, 2017 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.
[3] Since the closing price of Micron's common stock exceeded 130% of the conversion price per share for at least 20 trading days in the 30 trading-day period ended on June 30, 2017, these notes are convertible by the holders through the calendar quarter ended September 30, 2017. The closing price of Micron's common stock also exceeded the thresholds for the calendar quarter ended September 30, 2017; therefore, these notes are convertible by the holders through December 31, 2017. The 2033 Notes were classified as current as of August 31, 2017 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.
[4] The net carrying amount for 2017 included $31 million of derivative debt liabilities recognized as a result of our election to settle entirely in cash converted notes with an aggregate principal amount of $16 million. See "Convertible Senior Notes" below.
[5] 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.
[6] 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.