| MICRON TECHNOLOGY, INC. | |||||||||||||||||||
| NON-GAAP ADJUSTMENTS | |||||||||||||||||||
| (in millions) | |||||||||||||||||||
| 4th Qtr. | 3rd Qtr. | 4th Qtr. | Year Ended | ||||||||||||||||
| August 31, 2017 | June 1, 2017 | September 1, 2016 | August 31, 2017 | September 1, 2016 | |||||||||||||||
| Non-GAAP adjustments | |||||||||||||||||||
| Cost of goods sold | |||||||||||||||||||
| Flow-through of Inotera inventory step up | $ | 11 | $ | 36 | $ | — | $ | 107 | $ | — | |||||||||
| Stock-based compensation | 22 | 24 | 18 | 88 | 76 | ||||||||||||||
| Other | 2 | 2 | 1 | 8 | 11 | ||||||||||||||
| 35 | 62 | 19 | 203 | 87 | |||||||||||||||
| Selling, general, and administrative | |||||||||||||||||||
| Stock-based compensation | 22 | 20 | 14 | 75 | 66 | ||||||||||||||
| Inotera acquisition costs | — | — | 1 | 13 | 3 | ||||||||||||||
| 22 | 20 | 15 | 88 | 69 | |||||||||||||||
| Research and development | |||||||||||||||||||
| Stock-based compensation | 13 | 13 | 11 | 52 | 49 | ||||||||||||||
| Other | 1 | 1 | 2 | 3 | 10 | ||||||||||||||
| 14 | 14 | 13 | 55 | 59 | |||||||||||||||
| Restructure and asset impairments | (27 | ) | 12 | 51 | 18 | 67 | |||||||||||||
| Interest income (expense), net | |||||||||||||||||||
| Amortization of debt discount and other costs | 32 | 30 | 32 | 125 | 126 | ||||||||||||||
| Other non-operating income (expense) | |||||||||||||||||||
| (Gain) loss from changes in currency exchange rates | 12 | 22 | 11 | 74 | 24 | ||||||||||||||
| Loss on debt repurchases and conversions | 37 | 61 | — | 100 | 4 | ||||||||||||||
| (Gain) loss from business acquisition activities | — | — | — | (71 | ) | (5 | ) | ||||||||||||
| Other | — | — | — | 9 | — | ||||||||||||||
| 49 | 83 | 11 | 112 | 23 | |||||||||||||||
| Income taxes | |||||||||||||||||||
| Estimated tax effects of above and non-cash changes in net deferred income taxes | (107 | ) | 28 | 23 | (59 | ) | 85 | ||||||||||||
| Equity in net income (loss) of equity method investments | |||||||||||||||||||
| Impairment of equity method investments | — | — | — | 16 | 25 | ||||||||||||||
| Other | — | — | (3 | ) | 1 | 8 | |||||||||||||
| — | — | (3 | ) | 17 | 33 | ||||||||||||||
| $ | 18 | $ | 249 | $ | 161 | $ | 559 | $ | 549 | ||||||||||
Micron Technology, Inc., Reports Results for The Fourth Quarter and Full Year of 2017
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