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Income Taxes (Tables)

12 Months Ended

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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