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Income Taxes (Tables) | 12 Months Ended
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Aug. 29, 2024
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 | 2024 | 2023 | 2022
Income (loss) before income taxes and equity in net income (loss) of equity method investees |  |  |
U.S. | $ | 544 |  | $ | 235 |  | $ | 112 |
Foreign | 696 |  | (5,893) |  | 9,459 |
| $ | 1,240 |  | $ | (5,658) |  | $ | 9,571 |
Income tax (provision) benefit |  |  |
Current |  |  |
U.S. federal | $ | (82) |  | $ | (5) |  | $ | (65) |
State | (1) |  | (1) |  | (1) |
Foreign | (333) |  | (178) |  | (528) |
| (416) |  | (184) |  | (594) |
Deferred |  |  |
U.S. federal | 18 |  | (84) |  | (166) |
State | — |  | — |  | (225) |
Foreign | (53) |  | 91 |  | 97 |
| (35) |  | 7 |  | (294) |
Income tax (provision) benefit | $ | (451) |  | $ | (177) |  | $ | (888) |
Schedule of Components of Income Tax (Provision) Benefit | Our income tax (provision) benefit consisted of the following:
For the year ended | 2024 | 2023 | 2022
Income (loss) before income taxes and equity in net income (loss) of equity method investees |  |  |
U.S. | $ | 544 |  | $ | 235 |  | $ | 112 |
Foreign | 696 |  | (5,893) |  | 9,459 |
| $ | 1,240 |  | $ | (5,658) |  | $ | 9,571 |
Income tax (provision) benefit |  |  |
Current |  |  |
U.S. federal | $ | (82) |  | $ | (5) |  | $ | (65) |
State | (1) |  | (1) |  | (1) |
Foreign | (333) |  | (178) |  | (528) |
| (416) |  | (184) |  | (594) |
Deferred |  |  |
U.S. federal | 18 |  | (84) |  | (166) |
State | — |  | — |  | (225) |
Foreign | (53) |  | 91 |  | 97 |
| (35) |  | 7 |  | (294) |
Income tax (provision) benefit | $ | (451) |  | $ | (177) |  | $ | (888) |
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 | 2024 | 2023 | 2022
U.S. federal income tax (provision) benefit at statutory rate | $ | (260) |  | 21.0 | % | $ | 1,188 |  | 21.0 | % | $ | (2,010) |  | 21.0 | %
U.S. tax on foreign operations | (7) |  | 0.6 |  | 6 |  | 0.1 |  | (322) |  | 3.4 |
Change in valuation allowance | (59) |  | 4.8 |  | (50) |  | (0.9) |  | (241) |  | 2.5 |
Change in unrecognized tax benefits | (41) |  | 3.3 |  | (30) |  | (0.5) |  | (67) |  | 0.7 |
Foreign tax rate differential | (214) |  | 17.2 |  | (1,285) |  | (22.8) |  | 1,601 |  | (16.7) |
Research and development tax credits | 76 |  | (6.1) |  | 43 |  | 0.8 |  | 66 |  | (0.7) |
State taxes, net of federal benefit | 12 |  | (1.0) |  | 37 |  | 0.7 |  | — |  | — |
Other | 42 |  | (3.4) |  | (86) |  | (1.5) |  | 85 |  | (0.9) |
Income tax (provision) benefit | $ | (451) |  | 36.4 | % | $ | (177) |  | (3.1) | % | $ | (888) |  | 9.3 | %
Schedule of Deferred Tax Assets and Liabilities |
As of | August 29, 2024 | August 31, 2023
Deferred tax assets |  |
Net operating loss and tax credit carryforwards | $ | 1,050 |  | $ | 1,112 |
Accrued salaries, wages, and benefits | 182 |  | 39 |
Operating lease liabilities | 175 |  | 135 |
Inventories | 4 |  | 52 |
Other | 59 |  | 75 |
Gross deferred tax assets | 1,470 |  | 1,413 |
Less valuation allowance | (593) |  | (528) |
Deferred tax assets, net of valuation allowance | 877 |  | 885 |
Deferred tax liabilities |  |
Right-of-use assets | (152) |  | (115) |
Property, plant, and equipment | (194) |  | (31) |
Other | (70) |  | (100) |
Deferred tax liabilities | (416) |  | (246) |
Net deferred tax assets | $ | 461 |  | $ | 639 |
Reported as |  |
Deferred tax assets | $ | 520 |  | $ | 756 |
Deferred tax liabilities (included in other noncurrent liabilities) | (59) |  | (117) |
Net deferred tax assets | $ | 461 |  | $ | 639 |
Schedule of Net Operating Loss Carryforwards | As of August 29, 2024, our net operating loss carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Expiration | Malaysia | Singapore | State | Japan | Other | Total
2025 - 2029 | $ | — |  | $ | — |  | $ | 47 |  | $ | 144 |  | $ | 3 |  | $ | 194 |
2030 - 2034 | — |  | — |  | 298 |  | 325 |  | 126 |  | 749 |
2035 - 2039 | — |  | — |  | 285 |  | — |  | — |  | 285 |
2040 - 2044 | — |  | — |  | 94 |  | — |  | — |  | 94 |
Indefinite | 1,224 |  | 765 |  | — |  | — |  | — |  | 1,989 |
| $ | 1,224 |  | $ | 765 |  | $ | 724 |  | $ | 469 |  | $ | 129 |  | $ | 3,311 |
Schedule of Tax Credit Carryforwards | As of August 29, 2024, our tax credit carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Tax Credit Expiration | U.S. Federal | State | Other | Total
2025 - 2029 | $ | — |  | $ | 61 |  | $ | — |  | $ | 61 |
2030 - 2034 | 47 |  | 134 |  | 2 |  | 183 |
2035 - 2039 | 48 |  | 140 |  | 44 |  | 232 |
2040 - 2045 | 315 |  | 6 |  | — |  | 321 |
Indefinite | — |  | 145 |  | — |  | 145 |
| $ | 410 |  | $ | 486 |  | $ | 46 |  | $ | 942 |
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 | 2024 | 2023 | 2022
Beginning unrecognized tax benefits | $ | 744 |  | $ | 731 |  | $ | 660 |
Increases related to tax positions from prior years | 2 |  | 2 |  | 14 |
Increases related to prior year tax positions taken in current year | 20 |  | 27 |  | — |
Increases related to tax positions taken in current year | 54 |  | 17 |  | 80 |
Decreases related to tax positions from prior years | (89) |  | (33) |  | (23) |
Decreases related to settlement with tax authorities | (15) |  | — |  | — |
Ending unrecognized tax benefits | $ | 716 |  | $ | 744 |  | $ | 731 |

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