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Recently Adopted Accounting Standards (Tables) | 6 Months Ended
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Feb. 28, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] |
Financial Statement Impact from Adoption of New Accounting Standards |
| Quarter ended February 28, 2019 |  | Six months ended February 28, 2019
| As Reported |  | Adjustments |  | Amounts Without the Effects of Adoption of ASC 606 |  | As Reported |  | Adjustments |  | Amounts Without the Effects of Adoption of ASC 606
Revenue | $ | 5,835 |  |  | $ | (20 | ) |  | $ | 5,815 |  |  | $ | 13,748 |  |  | $ | (115 | ) |  | $ | 13,633 |
Cost of goods sold | 2,971 |  |  | (28 | ) |  | 2,943 |  |  | 6,269 |  |  | (69 | ) |  | 6,200 |
Interest expense | (27 | ) |  | 1 |  |  | (26 | ) |  | (60 | ) |  | 3 |  |  | (57 | )
Income tax provision | (280 | ) |  | (8 | ) |  | (288 | ) |  | (757 | ) |  | (5 | ) |  | (762 | )
Net income attributable to Micron | 1,619 |  |  | 1 |  |  | 1,620 |  |  | 4,912 |  |  | (48 | ) |  | 4,864 |
As of February 28, 2019 |  | As Reported |  | Adjustments |  | Amounts Without the Effects of Adoption of ASC 606
Receivables |  | $ | 4,416 |  |  | $ | (154 | ) |  | $ | 4,262 |
Other current assets |  | 211 |  |  | (39 | ) |  | 172 |
Deferred tax assets |  | 762 |  |  | 87 |  |  | 849 |
Accounts payable and accrued expenses |  | 4,062 |  |  | — |  |  | 4,062 |
Other current liabilities |  | 665 |  |  | (7 | ) |  | 658 |
Other noncurrent liabilities |  | 993 |  |  | (1 | ) |  | 992 |
Retained earnings |  | 29,364 |  |  | (98 | ) |  | 29,266 |
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 | 581 |  |  | — |  |  | 1 |  |  | 582 |
Retained earnings | 24,395 |  |  | 42 |  |  | 50 |  |  | 24,487 |

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