| MICRON TECHNOLOGY, INC. | |||||||||||||||||||
| NON-GAAP ADJUSTMENTS | |||||||||||||||||||
| (in millions) | |||||||||||||||||||
| 4th Qtr. | 3rd Qtr. | 4th Qtr. | Year Ended | ||||||||||||||||
| August 30, 2018 | May 31, 2018 | August 31, 2017 | August 30, 2018 | August 31, 2017 | |||||||||||||||
| Non-GAAP adjustments | |||||||||||||||||||
| Cost of goods sold | |||||||||||||||||||
| Stock-based compensation | $ | 21 | $ | 20 | $ | 22 | $ | 83 | $ | 88 | |||||||||
| Flow-through of Inotera inventory step up | — | — | 11 | — | 107 | ||||||||||||||
| Other | 7 | 7 | 2 | 20 | 8 | ||||||||||||||
| 28 | 27 | 35 | 103 | 203 | |||||||||||||||
| Selling, general, and administrative | |||||||||||||||||||
| Stock-based compensation | 13 | 14 | 22 | 61 | 75 | ||||||||||||||
| Inotera acquisition costs | — | — | — | — | 13 | ||||||||||||||
| 13 | 14 | 22 | 61 | 88 | |||||||||||||||
| Research and development | |||||||||||||||||||
| Stock-based compensation | 13 | 14 | 13 | 54 | 52 | ||||||||||||||
| Other | 1 | 1 | 1 | 3 | 3 | ||||||||||||||
| 14 | 15 | 14 | 57 | 55 | |||||||||||||||
| Other operating (income) expense, net | |||||||||||||||||||
| Restructure and asset impairments | 7 | 8 | (27 | ) | 28 | 18 | |||||||||||||
| Interest income (expense), net | |||||||||||||||||||
| Amortization of debt discount and other costs | 23 | 23 | 32 | 101 | 125 | ||||||||||||||
| Other non-operating income (expense) | |||||||||||||||||||
| (Gain) loss on debt repurchases and conversions | (1 | ) | 168 | 37 | 385 | 100 | |||||||||||||
| (Gain) loss from changes in currency exchange rates | 15 | 24 | 12 | 75 | 74 | ||||||||||||||
| (Gain) loss from business acquisition activities | — | — | — | — | (71 | ) | |||||||||||||
| Other | — | 2 | — | 5 | 9 | ||||||||||||||
| 14 | 194 | 49 | 465 | 112 | |||||||||||||||
| Income taxes | |||||||||||||||||||
| Impact of U.S. income tax reform | (83 | ) | (222 | ) | — | (174 | ) | — | |||||||||||
| Estimated tax effects of above, including tax benefits from stock-based compensation, and non-cash changes in net deferred income taxes | (28 | ) | 16 | (107 | ) | (76 | ) | (59 | ) | ||||||||||
| (111 | ) | (206 | ) | (107 | ) | (250 | ) | (59 | ) | ||||||||||
| Equity in net income (loss) of equity method investments | |||||||||||||||||||
| Impairment of equity method investments | — | — | — | — | 16 | ||||||||||||||
| Other | — | — | — | — | 1 | ||||||||||||||
| — | — | — | — | 17 | |||||||||||||||
| $ | (12 | ) | $ | 75 | $ | 18 | $ | 565 | $ | 559 | |||||||||
Micron Technology, Inc., Reports Results for the Fourth Quarter and Full Year of Fiscal 2018
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