| MICRON TECHNOLOGY, INC. | |||||||||||
| NON-GAAP ADJUSTMENTS | |||||||||||
| (in millions) | |||||||||||
| 3rd Qtr. | 2nd Qtr. | 3rd Qtr. | |||||||||
| May 31, 2018 | March 1, 2018 | June 1, 2017 | |||||||||
| Non-GAAP adjustments | |||||||||||
| Cost of goods sold | |||||||||||
| Stock-based compensation | $ | 20 | $ | 22 | $ | 24 | |||||
| Flow-through of Inotera inventory step up | — | — | 36 | ||||||||
| Other | 7 | 4 | 2 | ||||||||
| 27 | 26 | 62 | |||||||||
| Selling, general, and administrative | |||||||||||
| Stock-based compensation | 14 | 16 | 20 | ||||||||
| 14 | 16 | 20 | |||||||||
| Research and development | |||||||||||
| Stock-based compensation | 14 | 14 | 13 | ||||||||
| Other | 1 | — | 1 | ||||||||
| 15 | 14 | 14 | |||||||||
| Other operating (income) expense, net | |||||||||||
| Restructure and asset impairments | 8 | 7 | 12 | ||||||||
| Interest income (expense), net | |||||||||||
| Amortization of debt discount and other costs | 23 | 26 | 30 | ||||||||
| Other non-operating income (expense) | |||||||||||
| Loss on debt repurchases and conversions | 168 | 23 | 61 | ||||||||
| (Gain) loss from changes in currency exchange rates | 24 | 27 | 22 | ||||||||
| Other | 2 | 3 | — | ||||||||
| 194 | 53 | 83 | |||||||||
| Income taxes | |||||||||||
| Impact of U.S. income tax reform | (222 | ) | 131 | — | |||||||
| Estimated tax effects of above, including tax benefits from stock-based compensation, and non-cash changes in net deferred taxes | 16 | (87 | ) | 28 | |||||||
| (206 | ) | 44 | 28 | ||||||||
| $ | 75 | $ | 186 | $ | 249 | ||||||
Micron Technology, Inc., Reports Results for the Third Quarter of Fiscal 2018
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