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Income Taxes (Tables) | 12 Months Ended
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Aug. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income (loss) Before Tax and Other Items | Our income tax (provision) benefit consisted of the following:
For the year ended | 2023 | 2022 | 2021
Income (loss) before income taxes and equity in net income (loss) of equity method investees |  |  |
U.S. | $ | 235 |  | $ | 112 |  | $ | (211) |
Foreign | (5,893) |  | 9,459 |  | 6,429 |
| $ | (5,658) |  | $ | 9,571 |  | $ | 6,218 |
Income tax (provision) benefit |  |  |
Current |  |  |
U.S. federal | $ | (5) |  | $ | (65) |  | $ | (42) |
State | (1) |  | (1) |  | (1) |
Foreign | (178) |  | (528) |  | (370) |
| (184) |  | (594) |  | (413) |
Deferred |  |  |
U.S. federal | (84) |  | (166) |  | (9) |
State | — |  | (225) |  | 28 |
Foreign | 91 |  | 97 |  | — |
| 7 |  | (294) |  | 19 |
Income tax (provision) benefit | $ | (177) |  | $ | (888) |  | $ | (394) |
Schedule of Components of Income Tax (Provision) Benefit | Our income tax (provision) benefit consisted of the following:
For the year ended | 2023 | 2022 | 2021
Income (loss) before income taxes and equity in net income (loss) of equity method investees |  |  |
U.S. | $ | 235 |  | $ | 112 |  | $ | (211) |
Foreign | (5,893) |  | 9,459 |  | 6,429 |
| $ | (5,658) |  | $ | 9,571 |  | $ | 6,218 |
Income tax (provision) benefit |  |  |
Current |  |  |
U.S. federal | $ | (5) |  | $ | (65) |  | $ | (42) |
State | (1) |  | (1) |  | (1) |
Foreign | (178) |  | (528) |  | (370) |
| (184) |  | (594) |  | (413) |
Deferred |  |  |
U.S. federal | (84) |  | (166) |  | (9) |
State | — |  | (225) |  | 28 |
Foreign | 91 |  | 97 |  | — |
| 7 |  | (294) |  | 19 |
Income tax (provision) benefit | $ | (177) |  | $ | (888) |  | $ | (394) |
Schedule of Effective Income Tax Reconciliation | The table below reconciles our tax (provision) benefit based on the U.S. federal statutory rate to our effective rate:
For the year ended | 2023 | 2022 | 2021
U.S. federal income tax (provision) benefit at statutory rate | $ | 1,188 |  | 21.0 | % | $ | (2,010) |  | 21.0 | % | $ | (1,306) |  | 21.0 | %
U.S. tax on foreign operations | 6 |  | 0.1 | % | (322) |  | 3.4 | % | (226) |  | 3.6 | %
Change in valuation allowance | (50) |  | (0.9) | % | (241) |  | 2.5 | % | 54 |  | (0.9) | %
Change in unrecognized tax benefits | (30) |  | (0.5) | % | (67) |  | 0.7 | % | (238) |  | 3.8 | %
Foreign tax rate differential | (1,285) |  | (22.8) | % | 1,601 |  | (16.7) | % | 951 |  | (15.4) | %
Research and development tax credits | 43 |  | 0.8 | % | 66 |  | (0.7) | % | 123 |  | (2.0) | %
State taxes, net of federal benefit | 37 |  | 0.7 | % | — |  | — | % | 59 |  | (0.9) | %
Debt premium deductions | — |  | — | % | — |  | — | % | 130 |  | (2.1) | %
Other | (86) |  | (1.5) | % | 85 |  | (0.9) | % | 59 |  | (0.8) | %
Income tax (provision) benefit | $ | (177) |  | (3.1) | % | $ | (888) |  | 9.3 | % | $ | (394) |  | 6.3 | %
Schedule of Deferred Tax Assets and Liabilities |
As of | August 31, 2023 | September 1, 2022
Deferred tax assets |  |
Net operating loss and tax credit carryforwards | $ | 1,112 |  | $ | 796 |
Accrued salaries, wages, and benefits | 39 |  | 157 |
Operating lease liabilities | 135 |  | 138 |
Inventories | 52 |  | 77 |
Property, plant, and equipment | — |  | 44 |
Other | 75 |  | 142 |
Gross deferred tax assets | 1,413 |  | 1,354 |
Less valuation allowance | (528) |  | (471) |
Deferred tax assets, net of valuation allowance | 885 |  | 883 |
Deferred tax liabilities |  |
Right-of-use assets | (115) |  | (126) |
Property, plant, and equipment | (31) |  | — |
Other | (100) |  | (68) |
Deferred tax liabilities | (246) |  | (194) |
Net deferred tax assets | $ | 639 |  | $ | 689 |
Reported as |  |
Deferred tax assets | $ | 756 |  | $ | 702 |
Deferred tax liabilities (included in other noncurrent liabilities) | (117) |  | (13) |
Net deferred tax assets | $ | 639 |  | $ | 689 |
Schedule of Net Operating Loss Carryforwards | As of August 31, 2023, our net operating loss carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Expiration | Singapore | Malaysia | State | Japan | Other | Total
2024 - 2028 | $ | — |  | $ | — |  | $ | 47 |  | $ | 336 |  | $ | 25 |  | $ | 408 |
2029 - 2033 | — |  | — |  | 348 |  | 321 |  | 109 |  | 778 |
2034 - 2038 | — |  | — |  | 237 |  | — |  | — |  | 237 |
2039 - 2043 | — |  | — |  | 183 |  | — |  | — |  | 183 |
Indefinite | 1,688 |  | 1,025 |  | 60 |  | — |  | 202 |  | 2,975 |
| $ | 1,688 |  | $ | 1,025 |  | $ | 875 |  | $ | 657 |  | $ | 336 |  | $ | 4,581 |
Schedule of Tax Credit Carryforwards | As of August 31, 2023, 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
2024 - 2028 | $ | — |  | $ | 51 |  | $ | 51 |
2029 - 2033 | — |  | 120 |  | 120 |
2034 - 2038 | — |  | 137 |  | 137 |
2039 - 2043 | 306 |  | 5 |  | 311 |
Indefinite | — |  | 131 |  | 131 |
| $ | 306 |  | $ | 444 |  | $ | 750 |
Schedule of Unrecognized Tax Benefits Rollforward | Below is a reconciliation of the beginning and ending amount of our unrecognized tax benefits:
For the year ended | 2023 | 2022 | 2021
Beginning unrecognized tax benefits | $ | 731 |  | $ | 660 |  | $ | 411 |
Increases related to tax positions from prior years | 2 |  | 14 |  | 2 |
Increases related to prior year tax positions taken in current year | 27 |  | — |  | — |
Increases related to tax positions taken in current year | 17 |  | 80 |  | 260 |
Decreases related to tax positions from prior years | (33) |  | (23) |  | (13) |
Ending unrecognized tax benefits | $ | 744 |  | $ | 731 |  | $ | 660 |

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