Year Ended | Year Ended | ||||||||||||||||||||||
August 31, 2017 | September 1, 2016 | ||||||||||||||||||||||
GAAP | Adj | Non-GAAP | GAAP | Adj | Non-GAAP | ||||||||||||||||||
Net sales | $ | 20,322 | $ | — | $ | 20,322 | $ | 12,399 | $ | — | $ | 12,399 | |||||||||||
Cost of goods sold | 11,886 | (203 | ) | 11,683 | 9,894 | (87 | ) | 9,807 | |||||||||||||||
Gross margin | 8,436 | 203 | 8,639 | 2,505 | 87 | 2,592 | |||||||||||||||||
percent of revenue | 41.5% | 42.5% | 20.2% | 20.9% | |||||||||||||||||||
Selling, general, and administrative | 743 | (88 | ) | 655 | 659 | (69 | ) | 590 | |||||||||||||||
Research and development | 1,824 | (55 | ) | 1,769 | 1,617 | (59 | ) | 1,558 | |||||||||||||||
Restructure and asset impairments | 18 | (18 | ) | — | 67 | (67 | ) | — | |||||||||||||||
Other operating (income) expense, net | (17 | ) | — | (17 | ) | (6 | ) | — | (6 | ) | |||||||||||||
Operating expenses | 2,568 | (161 | ) | 2,407 | 2,337 | (195 | ) | 2,142 | |||||||||||||||
Operating income (loss) | 5,868 | 364 | 6,232 | 168 | 282 | 450 | |||||||||||||||||
percent of revenue | 28.9% | 30.7% | 1.4% | 3.6% | |||||||||||||||||||
Interest income (expense), net | (560 | ) | 125 | (435 | ) | (395 | ) | 126 | (269 | ) | |||||||||||||
Other non-operating income (expense), net | (112 | ) | 112 | — | (54 | ) | 23 | (31 | ) | ||||||||||||||
5,196 | 601 | 5,797 | (281 | ) | 431 | 150 | |||||||||||||||||
Income tax (provision) benefit | (114 | ) | (59 | ) | (173 | ) | (19 | ) | 85 | 66 | |||||||||||||
Equity in net income (loss) of equity method investees | 8 | 17 | 25 | 25 | 33 | 58 | |||||||||||||||||
Net income (loss) | 5,090 | 559 | 5,649 | (275 | ) | 549 | 274 | ||||||||||||||||
Net income (loss) attributable to noncontrolling interests | (1 | ) | — | (1 | ) | (1 | ) | — | (1 | ) | |||||||||||||
Net income (loss) attributable to Micron | $ | 5,089 | $ | 559 | $ | 5,648 | $ | (276 | ) | $ | 549 | $ | 273 | ||||||||||
Shares used in calculations | 1,154 | (14 | ) | 1,140 | 1,036 | 14 | 1,050 | ||||||||||||||||
Diluted earnings (loss) per share | $ | 4.41 | $ | 0.55 | $ | 4.96 | $ | (0.27 | ) | $ | 0.53 | $ | 0.26 |