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Schedule I Condensed Financial Information of the Registrant (Tables)

12 Months Ended

Aug. 31, 2017

Condensed Financial Statements, Captions [Line Items]

Schedule of Parent Debt

		2017																						2016
												Net Carrying Amount																Net Carrying Amount
Instrument		Stated Rate			Effective Rate			Principal				Current				Long-Term				Total(1)				Principal				Current				Long-Term				Total(1)
MMJ Creditor Payments		N/A			6.52	%		$	695			$	157			$	474			$	631			$	985			$	189			$	680			$	869
Capital lease obligations		N/A			3.68	%		1,190				357				833				1,190				1,406				380				1,026				1,406
2021 MSAC Term Loan		3.61	%		3.85	%		800				99				697				796				—				—				—				—
2021 MSTW Term Loan		2.85	%		3.02	%		2,652				—				2,640				2,640				—				—				—				—
2022 Notes		5.88	%		6.14	%		—				—				—				—				600				—				590				590
2022 Term Loan B		3.80	%		4.22	%		743				5				725				730				750				5				730				735
2023 Notes		5.25	%		5.43	%		1,000				—				991				991				1,000				—				990				990
2023 Secured Notes		7.50	%		7.69	%		1,250				—				1,238				1,238				1,250				—				1,237				1,237
2024 Notes		5.25	%		5.38	%		550				—				546				546				550				—				546				546
2025 Notes		5.50	%		5.56	%		519				—				515				515				1,150				—				1,139				1,139
2026 Notes		5.63	%		5.73	%		129				—				128				128				450				—				446				446
2032C Notes(2)		2.38	%		5.95	%		223				—				211				211				223				—				204				204
2032D Notes(2)		3.13	%		6.33	%		177				—				159				159				177				—				154				154
2033E Notes(2)		1.63	%		4.50	%		173				202				—				202				176				—				168				168
2033F Notes(2)		2.13	%		4.93	%		297				278				—				278				297				—				271				271
2043G Notes(3)		3.00	%		6.76	%		1,025				—				671				671				1,025				—				657				657
Other notes		2.13	%		2.66	%		216				164				44				208				512				182				316				498
								$	11,639			$	1,262			$	9,872			$	11,134			$	10,551			$	756			$	9,154			$	9,910

⁽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⁾  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.

Maturities of Parent Notes Payable and Future Minimum Lease Payments

As of August 31, 2017, maturities of notes payable (including the MMJ Creditor Payments) and future minimum lease payments under capital lease obligations were as follows:

		Notes Payable				Capital Lease Obligations
2018		$	641			$	402
2019		1,166				334
2020		1,727				229
2021		1,269				97
2022		1,204				62
2023 and thereafter		4,365				227
Unamortized discounts and interest, respectively		(428		)		(161		)
		$	9,944			$	1,190

Micron Technology, Inc.

Condensed Financial Statements, Captions [Line Items]

Schedule of Parent Debt

		2017																		2016
Instrument		Stated Rate			Effective Rate			Current				Long-Term				Total				Current				Long-Term				Total
Capital lease obligations		N/A			3.34	%		$	45			$	126			$	171			$	70			$	171			$	241
2022 Notes		5.88	%		6.14	%		—				—				—				—				590				590
2022 Term Loan B		3.80	%		4.22	%		5				725				730				5				730				735
2023 Notes		5.25	%		5.43	%		—				991				991				—				990				990
2023 Secured Notes		7.50	%		7.69	%		—				1,238				1,238				—				1,237				1,237
2024 Notes		5.25	%		5.38	%		—				546				546				—				546				546
2025 Notes		5.50	%		5.56	%		—				515				515				—				1,139				1,139
2026 Notes		5.63	%		5.73	%		—				128				128				—				446				446
2032C Notes(1)		2.38	%		5.95	%		—				211				211				—				204				204
2032D Notes(1)		3.13	%		6.33	%		—				159				159				—				154				154
2033E Notes(1)(2)		1.63	%		4.50	%		202				—				202				—				168				168
2033F Notes(1)		2.13	%		4.93	%		278				—				278				—				271				271
2043G Notes(3)		3.00	%		6.76	%		—				671				671				—				657				657
Other notes		1.65	%		1.65	%		—				10				10				—				10				10
								$	530			$	5,320			$	5,850			$	75			$	7,313			$	7,388

⁽¹⁾  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.

⁽²⁾  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.

⁽³⁾  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.

Maturities of Parent Notes Payable and Future Minimum Lease Payments

As of August 31, 2017, maturities of notes payable and future minimum lease payments under capital lease obligations were as follows:

		Notes Payable				Capital Lease Obligations
2018		$	211			$	51
2019		231				44
2020		305				56
2021		195				32
2022		713				—
2023 and thereafter		4,365				—
Unamortized discounts and interest, respectively		(341		)		(12		)
		$	5,679			$	171

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