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Recently Adopted Accounting Standards (Tables) | 12 Months Ended
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Aug. 29, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] |
Financial Statement Impact from Adoption of New Accounting Standards | The effects of ASC 606 to our consolidated statement of operations and balance sheet were as follows:
|  | Year ended August 29, 2019
|  | As Reported |  | Adjustments |  | Amounts Without the Effects of Adoption of ASC 606
Revenue |  | $ | 23,406 |  |  | $ | (40 | ) |  | $ | 23,366 |
Cost of goods sold |  | 12,704 |  |  | (70 | ) |  | 12,634 |
Interest expense |  | (128 | ) |  | 5 |  |  | (123 | )
Income tax (provision) benefit |  | (693 | ) |  | (19 | ) |  | (712 | )
Net income attributable to Micron |  | 6,313 |  |  | 16 |  |  | 6,329 |
As of August 29, 2019 |  | As Reported |  | Adjustments |  | Amounts Without the Effects of Adoption of ASC 606
Receivables |  | $ | 3,195 |  |  | $ | (94 | ) |  | $ | 3,101 |
Other current assets |  | 235 |  |  | (44 | ) |  | 191 |
Deferred tax assets |  | 837 |  |  | 79 |  |  | 916 |
Accounts payable and accrued expenses |  | 4,626 |  |  | 6 |  |  | 4,632 |
Other current liabilities |  | 454 |  |  | (30 | ) |  | 424 |
Other noncurrent liabilities |  | 452 |  |  | (1 | ) |  | 451 |
Retained earnings |  | 30,761 |  |  | (34 | ) |  | 30,727 |
The following table summarizes the effects of adopting ASU 2016-16 and ASC 606:
| Ending Balance as of August 30, 2018 |  | ASU 2016-16 |  | ASC 606 |  | Opening Balance as of August 31, 2018
Receivables | $ | 5,478 |  |  | $ | — |  |  | $ | 114 |  |  | $ | 5,592 |
Inventories | 3,595 |  |  | — |  |  | (5 | ) |  | 3,590 |
Other current assets | 164 |  |  | (14 | ) |  | 30 |  |  | 180 |
Deferred tax assets | 1,022 |  |  | 56 |  |  | (92 | ) |  | 986 |
Other current liabilities | 521 |  |  | — |  |  | (4 | ) |  | 517 |
Other noncurrent liabilities | 354 |  |  | — |  |  | 1 |  |  | 355 |
Retained earnings | 24,395 |  |  | 42 |  |  | 50 |  |  | 24,487 |

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