2024 Q4 Form 10-Q Financial Statement
#000072312524000047 Filed on December 19, 2024
Income Statement
Concept | 2024 Q4 |
---|---|
Revenue | $8.709B |
YoY Change | 84.28% |
Cost Of Revenue | $5.361B |
YoY Change | 12.6% |
Gross Profit | $3.348B |
YoY Change | -9665.71% |
Gross Profit Margin | 38.44% |
Selling, General & Admin | $288.0M |
YoY Change | 9.51% |
% of Gross Profit | 8.6% |
Research & Development | $888.0M |
YoY Change | 5.09% |
% of Gross Profit | 26.52% |
Depreciation & Amortization | $2.030B |
YoY Change | 6.01% |
% of Gross Profit | 60.63% |
Operating Expenses | $1.176B |
YoY Change | 6.14% |
Operating Profit | $2.174B |
YoY Change | -292.73% |
Interest Expense | |
YoY Change | |
% of Operating Profit | |
Other Income/Expense, Net | -$11.00M |
YoY Change | -59.26% |
Pretax Income | $2.152B |
YoY Change | -286.32% |
Income Tax | $283.0M |
% Of Pretax Income | 13.15% |
Net Earnings | $1.870B |
YoY Change | -251.54% |
Net Earnings / Revenue | 21.47% |
Basic Earnings Per Share | $1.68 |
Diluted Earnings Per Share | $1.67 |
COMMON SHARES | |
Basic Shares Outstanding | 1.111B shares |
Diluted Shares Outstanding | 1.122B shares |
Balance Sheet
Concept | 2024 Q4 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $7.588B |
YoY Change | -16.14% |
Cash & Equivalents | $6.693B |
Short-Term Investments | $895.0M |
Other Short-Term Assets | $777.0M |
YoY Change | -1.77% |
Inventory | $8.705B |
Prepaid Expenses | |
Receivables | $6.250B |
Other Receivables | $72.00M |
Total Short-Term Assets | $24.49B |
YoY Change | 16.31% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | |
YoY Change | |
Goodwill | $1.150B |
YoY Change | 0.0% |
Intangibles | $419.0M |
YoY Change | 0.72% |
Long-Term Investments | |
YoY Change | |
Other Assets | $1.671B |
YoY Change | 26.02% |
Total Long-Term Assets | $46.97B |
YoY Change | 9.95% |
TOTAL ASSETS | |
Total Short-Term Assets | $24.49B |
Total Long-Term Assets | $46.97B |
Total Assets | $71.46B |
YoY Change | 12.05% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | |
YoY Change | |
Accrued Expenses | |
YoY Change | |
Deferred Revenue | $473.0M |
YoY Change | -21.17% |
Short-Term Debt | |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $9.015B |
YoY Change | 51.21% |
LONG-TERM LIABILITIES | |
Long-Term Debt | |
YoY Change | |
Other Long-Term Liabilities | $1.239B |
YoY Change | 20.76% |
Total Long-Term Liabilities | $1.239B |
YoY Change | 20.76% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $9.015B |
Total Long-Term Liabilities | $1.239B |
Total Liabilities | $24.66B |
YoY Change | 18.06% |
SHAREHOLDERS EQUITY | |
Retained Earnings | $42.43B |
YoY Change | 7.8% |
Common Stock | $12.44B |
YoY Change | 9.72% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $46.80B |
YoY Change | |
Total Liabilities & Shareholders Equity | $71.46B |
YoY Change | 12.05% |
Cashflow Statement
Concept | 2024 Q4 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $1.870B |
YoY Change | -251.54% |
Depreciation, Depletion And Amortization | $2.030B |
YoY Change | 6.01% |
Cash From Operating Activities | $3.244B |
YoY Change | 131.55% |
INVESTING ACTIVITIES | |
Capital Expenditures | $3.206B |
YoY Change | 78.51% |
Acquisitions | |
YoY Change | |
Other Investing Activities | $58.00M |
YoY Change | 163.64% |
Cash From Investing Activities | -$3.148B |
YoY Change | 102.05% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -$422.0M |
YoY Change | 19.89% |
NET CHANGE | |
Cash From Operating Activities | $3.244B |
Cash From Investing Activities | -$3.148B |
Cash From Financing Activities | -$422.0M |
Net Change In Cash | -$355.0M |
YoY Change | -30.39% |
FREE CASH FLOW | |
Cash From Operating Activities | $3.244B |
Capital Expenditures | $3.206B |
Free Cash Flow | $38.00M |
YoY Change | -109.62% |
Facts In Submission
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|
3000000000 | shares |
CY2024Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
3000000000 | shares |
CY2024Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1258000000 | shares |
CY2024Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1114000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1253000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1109000000 | shares |
CY2024Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
126000000 | usd |
CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
125000000 | usd |
CY2024Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
12317000000 | usd |
CY2024Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
12115000000 | usd |
CY2024Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
42427000000 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
40877000000 | usd |
CY2024Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
144000000 | shares |
CY2024Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
144000000 | shares |
CY2024Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
7852000000 | usd |
CY2024Q3 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
7852000000 | usd |
CY2024Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-221000000 | usd |
CY2024Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-134000000 | usd |
CY2024Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
46797000000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
45131000000 | usd |
CY2024Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
71461000000 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
69416000000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
45131000000 | usd |
CY2024Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1870000000 | usd |
CY2024Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-87000000 | usd |
CY2024Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2000000 | usd |
CY2024Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
220000000 | usd |
CY2024Q4 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
207000000 | usd |
CY2024Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.115 | |
CY2024Q4 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
132000000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44120000000 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1234000000 | usd |
CY2023Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
52000000 | usd |
CY2023Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
9000000 | usd |
CY2023Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
188000000 | usd |
CY2023Q4 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
121000000 | usd |
CY2023Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.115 | |
CY2023Q4 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
129000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42885000000 | usd |
CY2024Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1870000000 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1234000000 | usd |
CY2024Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2030000000 | usd |
CY2023Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1915000000 | usd |
CY2024Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
220000000 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
188000000 | usd |
CY2024Q4 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
817000000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
501000000 | usd |
CY2024Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-170000000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-111000000 | usd |
CY2024Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-241000000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
271000000 | usd |
CY2024Q4 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-161000000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
579000000 | usd |
CY2024Q4 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
173000000 | usd |
CY2023Q4 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
72000000 | usd |
CY2024Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3244000000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1401000000 | usd |
CY2024Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3206000000 | usd |
CY2023Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1796000000 | usd |
CY2024Q4 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
377000000 | usd |
CY2023Q4 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
199000000 | usd |
CY2024Q4 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
428000000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
374000000 | usd |
CY2024Q4 | mu |
Proceeds From Government Assistance
ProceedsFromGovernmentAssistance
|
65000000 | usd |
CY2023Q4 | mu |
Proceeds From Government Assistance
ProceedsFromGovernmentAssistance
|
85000000 | usd |
CY2024Q4 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
58000000 | usd |
CY2023Q4 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
22000000 | usd |
CY2024Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3148000000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1558000000 | usd |
CY2024Q4 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
131000000 | usd |
CY2023Q4 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
129000000 | usd |
CY2024Q4 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
84000000 | usd |
CY2023Q4 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
53000000 | usd |
CY2024Q4 | mu |
Payments On Equipment Purchase Contracts
PaymentsOnEquipmentPurchaseContracts
|
0 | usd |
CY2023Q4 | mu |
Payments On Equipment Purchase Contracts
PaymentsOnEquipmentPurchaseContracts
|
56000000 | usd |
CY2024Q4 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-207000000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-114000000 | usd |
CY2024Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-422000000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-352000000 | usd |
CY2024Q4 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-29000000 | usd |
CY2023Q4 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1000000 | usd |
CY2024Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-355000000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-510000000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7052000000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8656000000 | usd |
CY2024Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6697000000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8146000000 | usd |
CY2024Q4 | us-gaap |
Fiscal Period
FiscalPeriod
|
<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. Fiscal years 2025 and 2024 each contain 52 weeks. All period references are to our fiscal periods unless otherwise indicated. These interim financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended August 29, 2024.</span></div> | |
CY2024Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6693000000 | usd |
CY2024Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
895000000 | usd |
CY2024Q4 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
1156000000 | usd |
CY2024Q4 | mu |
Cash Cash Equivalentsand Availablefor Sale Debt Securities
CashCashEquivalentsandAvailableforSaleDebtSecurities
|
8744000000 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7041000000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
1065000000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
1046000000 | usd |
CY2024Q3 | mu |
Cash Cash Equivalentsand Availablefor Sale Debt Securities
CashCashEquivalentsandAvailableforSaleDebtSecurities
|
9152000000 | usd |
CY2024Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
4000000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
11000000 | usd |
CY2024Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6697000000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7052000000 | usd |
CY2023Q4 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
31000000 | usd |
CY2024Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
6250000000 | usd |
CY2024Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
5419000000 | usd |
CY2024Q4 | us-gaap |
Grants Receivable Current
GrantsReceivableCurrent
|
809000000 | usd |
CY2024Q3 | us-gaap |
Grants Receivable Current
GrantsReceivableCurrent
|
834000000 | usd |
CY2024Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
292000000 | usd |
CY2024Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
268000000 | usd |
CY2024Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
72000000 | usd |
CY2024Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
94000000 | usd |
CY2024Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
7423000000 | usd |
CY2024Q3 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
6615000000 | usd |
CY2024Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1211000000 | usd |
CY2024Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1308000000 | usd |
CY2024Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
6689000000 | usd |
CY2024Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
6774000000 | usd |
CY2024Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
805000000 | usd |
CY2024Q3 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
793000000 | usd |
CY2024Q4 | us-gaap |
Inventory Net
InventoryNet
|
8705000000 | usd |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
8875000000 | usd |
CY2024Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
99526000000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
96047000000 | usd |
CY2024Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
58050000000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
56298000000 | usd |
CY2024Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
41476000000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
39749000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
62000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
32000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
24000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
6000000 | usd |
CY2024Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
38000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
33000000 | usd |
CY2024Q4 | us-gaap |
Lease Cost
LeaseCost
|
124000000 | usd |
CY2023Q4 | us-gaap |
Lease Cost
LeaseCost
|
71000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
20000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
6000000 | usd |
CY2024Q4 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
36000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
33000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
58000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
27000000 | usd |
CY2024Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
505000000 | usd |
CY2023Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
217000000 | usd |
CY2024Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
CY2023Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
CY2024Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
2481000000 | usd |
CY2024Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
2038000000 | usd |
CY2024Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
70000000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
71000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y | |
CY2024Q3 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P8Y | |
CY2024Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y | |
CY2024Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0506 | |
CY2024Q3 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0491 | |
CY2024Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0349 | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0342 | |
CY2024Q4 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
393000000 | usd |
CY2024Q4 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
69000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
505000000 | usd |
CY2024Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
84000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
490000000 | usd |
CY2024Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
86000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
472000000 | usd |
CY2024Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
81000000 | usd |
CY2024Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
383000000 | usd |
CY2024Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
76000000 | usd |
CY2024Q4 | mu |
Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
|
601000000 | usd |
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<div><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:22pt;font-weight:700;line-height:120%">Contingencies</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are currently a party to legal actions other than those described below arising from the normal course of business, none of which are expected to have a material adverse effect on our business, results of operations, or financial condition.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Patent Matters</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As is typical in the semiconductor and other high-tech industries, from time to time, others have asserted, and may in the future assert, that our products or manufacturing processes infringe upon their intellectual property rights. A description of certain claims is below.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 28, 2021, Netlist, Inc. (“Netlist”) filed two patent infringement actions against Micron, Micron Semiconductor Products, Inc. (“MSP”), and Micron Technology Texas, LLC (“MTEC”) in the U.S. District Court for the Western District of Texas. The first complaint alleges that one U.S. patent is infringed by certain of our non-volatile dual in-line memory modules. The second complaint alleges that three U.S. patents are infringed by certain of our load-reduced dual in-line memory modules (“LRDIMMs”). Each complaint seeks injunctive relief, damages, attorneys’ fees, and costs. On March 31, 2022, Netlist filed a patent infringement complaint against Micron and Micron Semiconductor Germany, GmbH in Dusseldorf Regional Court alleging that two German patents are infringed by certain of our LRDIMMs. The complaint seeks damages, costs, and injunctive relief. In rulings issued on March 7, 2024 and November 7, 2024, the Federal Patent Court in Germany declared both patents invalid.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 10, 2022, Netlist filed a patent infringement complaint against Micron, MSP, and MTEC in the U.S. District Court for the Eastern District of Texas (“E.D. Tex.”) alleging that six U.S. patents are infringed by certain of our memory modules and HBM products. On August 1, 2022, Netlist filed a second patent infringement complaint against the same defendants in E.D. Tex. alleging that one U.S. patent is infringed by certain of our LRDIMMs. On August 15, 2022, Netlist amended the second complaint to assert that two additional U.S. patents are infringed by certain of our LRDIMMs. The complaints in E.D. Tex. seek injunctive relief, damages, and attorneys’ fees. On May 23, 2024, following a four-day trial regarding the second complaint filed by Netlist in the E.D. Tex., a jury rendered a verdict that Micron’s memory modules infringe two asserted patents — U.S. Patent No. 7,619,912 (“the ‘912 patent”) and U.S. Patent No. 11,093,417 (“the ‘417 patent”) — and found that Micron should pay $425 million for infringement of the ‘912 patent and $20 million for infringement of the ‘417 patent. Micron expects to appeal the verdict. On April 17, 2024, the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office (“USPTO”) issued a final written decision (“FWD”) finding unpatentable the sole asserted claim of the ‘912 patent. On September 10, 2024, Netlist filed a notice that it will appeal the ruling that the ‘912 patent is invalid to the U.S. Court of Appeals for the Federal Circuit (“Federal Circuit”). On July 30, 2024, the USPTO issued a FWD finding unpatentable all asserted claims of the ‘417 patent. On December 10, 2024, Netlist filed a notice that it will appeal the ruling that the ‘417 patent is invalid to the Federal Circuit. In the case of each of the ‘912 and ‘417 patents, if the United States Court of Appeals for the Federal Circuit affirms the FWD, then the affirmed FWD will preclude any pending actions asserting infringement of such patent (including any infringement verdict that is subject to an ongoing appeal). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 23, 2023, Besang Inc. filed a patent infringement complaint against Micron in the U.S. District Court for the E.D. Tex. The complaint alleges that one U.S. patent is infringed by certain of our 3D NAND and SSD products. The complaint seeks an injunction, damages, attorneys’ fees, and costs.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 9, 2023, Yangtze Memory Technologies Company, Ltd. (“YMTC”) filed a patent infringement complaint against Micron and one of its subsidiaries in the U.S. District Court for the Northern District of California (“N.D. Cal.”). The complaint alleges that eight U.S. patents are infringed by certain of our 3D NAND products. The complaint seeks an injunction, damages, attorneys’ fees, and costs. On January 22, 2024, Micron Semiconductor (Shanghai) Co., Ltd. (“MSS”) was served with three patent infringement complaints filed by YMTC in Beijing Intellectual Property Court and on February 27, 2024, Micron Technology, Inc. (“MTI”) was served with the same complaints. The complaints assert that MTI and MSS infringed three Chinese patents owned by YMTC by importing, selling, offering for sale, and assisting others to sell certain 3D NAND products and SSDs in China. The complaint seeks an injunction, damages, attorneys’ fees, and costs. On July 12, 2024, YMTC filed a second complaint against the Company and its subsidiary in N.D. Cal. The second complaint alleges that eleven U.S. patents are infringed by certain of our 3D NAND and DDR5 DRAM products. The complaint seeks an injunction, damages, attorneys’ fees, and costs. On September 11, 2024, MSS was served with five patent infringement complaints filed by YMTC in Shanghai Intellectual Property Court. The complaints assert that MTI and MSS infringed five Chinese patents owned by YMTC by importing, selling, offering for sale, and assisting others to sell certain 3D NAND products and SSDs in China. The complaint seeks an injunction, damages, attorneys’ fees, and costs. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On October 16, 2024, Palisade Technologies, LLP filed a patent infringement lawsuit against Micron and MSP in the U.S. District Court for the W.D. Tex. The complaint alleges that five U.S. patents are infringed by certain of our DRAM, NAND, 3D NAND, and SSD products. The complaint seeks an injunction, damages, attorneys’ fees, and costs.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The above lawsuits pertain to substantially all of our DRAM, NAND, and other memory and storage products we manufacture, which account for substantially all of our revenue.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Antitrust Matters</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 15, 2018, the Chinese State Administration for Market Regulation (“SAMR”) notified Micron that it was investigating potential collusion and other anticompetitive conduct by DRAM suppliers in China. On May 31, 2018, SAMR made unannounced visits to our sales offices in Beijing, Shanghai, and Shenzhen to seek certain information as part of its investigation. We are cooperating with SAMR in its investigation.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Other Matters</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the normal course of business, we are a party to a variety of agreements pursuant to which we may be obligated to indemnify another party. It is not possible to predict the maximum potential amount of future payments under these types of agreements due to the conditional nature of our obligations and the unique facts and circumstances involved in each particular agreement. Historically, our payments under these types of agreements have not had a material adverse effect on our business, results of operations, or financial condition.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Contingency Assessment</span></div><div><span><br/></span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We ar</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">e unable to predict the outcome of any of the matters noted above and cannot make a reasonable estimate of the potential loss or range of possible losses. A determination that our products or manufacturing processes infringe the intellectual property rights of others or entering into a license agreement covering such intellectual property could result in significant liability and/or require us to make material changes to our products and/or manufacturing processes. Any of the foregoing, as well as the resolution of any other legal matter noted above, could have a material adverse effect on our business, results of operations, or financial condition.</span></div> | |
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Common Stock Dividends Per Share Cash Paid
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CY2024Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
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CY2024Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
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CY2024Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
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CY2024Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
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Allocated Share Based Compensation Expense
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CY2023Q4 | us-gaap |
Allocated Share Based Compensation Expense
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CY2024Q4 | us-gaap |
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CY2024Q4 | us-gaap |
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CY2024Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 | us-gaap |
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CY2024Q4 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2024Q4 | us-gaap |
Revenue Remaining Performance Obligation
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Contract With Customer Liability
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CY2024Q4 | us-gaap |
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CY2024Q4 | us-gaap |
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