XML 57 R29.htm IDEA: XBRL DOCUMENT v3.23.3
Revenue
 12 Months Ended
Aug. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue
Revenue

Revenue is primarily recognized at a point in time when control of the promised goods is transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for those goods. Substantially all contracts with our customers are short-term in duration at fixed, negotiated prices with payment generally due shortly after delivery. From time to time, we have contracts with initial terms that include performance obligations that extend beyond one year. As of August 31, 2023, our future performance obligations beyond one year were not significant.

As of August 31, 2023 and September 1, 2022, other current liabilities included $453 million and $1.26 billion, respectively, for estimates of consideration payable to customers including estimates for pricing adjustments and returns.

In 2023, we received an aggregate of $228 million from settlements of insurance claims involving a power disruption in 2022 and an operational disruption in 2017, of which $186 million was for business interruption and recognized in revenue.

Revenue by Technology

For the year ended202320222021
DRAM$10,978 $22,386 $20,039 
NAND4,206 7,811 7,007 
Other (primarily NOR)
356 561 659 
$15,540 $30,758 $27,705 
See “Segment and Other Information” for disclosure of disaggregated revenue by market segment.