Earnings Per Share

12 Months Ended

Sep. 03, 2015



For the year ended	2015			2014			2013
Net income available to Micron shareholders – Basic	$	2,899		$	3,045		$	1,190
Dilutive effect related to equity method investment	(3		)	(2		)	—
Net income available to Micron shareholders – Diluted	$	2,896		$	3,043		$	1,190

Weighted-average common shares outstanding – Basic	1,070			1,060			1,022
Dilutive effect of equity plans and convertible notes	100			138			35
Weighted-average common shares outstanding – Diluted	1,170			1,198			1,057

Earnings per share:
Basic	$	2.71		$	2.87		$	1.16
Diluted	2.47			2.54			1.13

Listed below are the potential common shares, as of the end of the periods shown, that could dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive:



For the year ended	2015	2014	2013
Equity plans	18	7	40
Convertible notes	18	26	186

Our 2033 Notes and, to the extent our 2027 Notes and 2031 Notes were outstanding during the periods presented, contain terms that upon conversion require us to settle the aggregate principal amount in cash and the remainder of our conversion obligation amount in either shares of our common stock or cash, at our election. Our 2032 Notes and 2043 Notes, and, to the extent our 2014 Notes were outstanding during the periods presented, contain terms that upon conversion provide us the option to pay cash, issue shares of common stock, or any combination thereof for the aggregate amount due. It is our current intent to settle the principal amount of our 2032 Notes and 2043 Notes in cash upon conversion. As a result of these conversion terms and stated intent, the shares underlying the 2014 Notes, 2027 Notes, 2031 Notes, 2032 Notes, 2033 Notes, and 2043 Notes were considered in diluted earnings per share for the periods they were outstanding under the treasury stock method. (See "Debt" note.)