MICRON TECHNOLOGY, INC.
NON-GAAP ADJUSTMENTS
(in millions)
| 1st Qtr. | 4th Qtr. | 1st Qtr. | |||||||||
|
November 29,
2018 |
August 30,
2018 |
November 30,
2017 | |||||||||
| Non-GAAP adjustments | |||||||||||
| Cost of goods sold | |||||||||||
| Stock-based compensation | $ | 26 | $ | 21 | $ | 20 | |||||
| Employee severance, start-up costs, and other | 29 | 7 | 2 | ||||||||
| 55 | 28 | 22 | |||||||||
| Selling, general, and administrative | |||||||||||
| Stock-based compensation | 19 | 13 | 18 | ||||||||
| Employee severance and other | 2 | — | — | ||||||||
| 21 | 13 | 18 | |||||||||
| Research and development | |||||||||||
| Stock-based compensation | 16 | 13 | 13 | ||||||||
| Employee severance and other | 6 | 1 | 1 | ||||||||
| 22 | 14 | 14 | |||||||||
| Other operating (income) expense, net | |||||||||||
| Restructure and asset impairments | 30 | 7 | 6 | ||||||||
| Interest income (expense), net | |||||||||||
| Amortization of debt discount and other costs | 18 | 23 | 29 | ||||||||
| Other non-operating income (expense) | |||||||||||
| (Gain) loss on debt repurchases and conversions | (14 | ) | (1 | ) | 195 | ||||||
| (Gain) loss from changes in currency exchange rates | 5 | 15 | 9 | ||||||||
| Other | 1 | — | — | ||||||||
| (8 | ) | 14 | 204 | ||||||||
| Income taxes | |||||||||||
| Impact of U.S. income tax reform | 47 | (83 | ) | — | |||||||
| Estimated tax effects of above, including tax benefits from stock-based compensation, and non-cash changes in net deferred income taxes | 30 | (28 | ) | 23 | |||||||
| 77 | (111 | ) | 23 | ||||||||
| $ | 215 | $ | (12 | ) | $ | 316 | |||||
