Revenue

9 Months Ended

Jun. 01, 2023

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Revenue is primarily recognized at a point in time when control of the promised goods is transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for those goods. Substantially all contracts with our customers are short-term in duration at fixed, negotiated prices with payment generally due shortly after delivery. From time to time, we have contracts with initial terms that include performance obligations that extend beyond one year. As of June 1, 2023, our future performance obligations beyond one year were not significant.

As of June 1, 2023 and September 1, 2022, other current liabilities included $604 million and $1.26 billion, respectively, for estimates of consideration payable to customers including estimates for pricing adjustments and returns.

In the third quarter of 2023, we received $108 million from settlement of an insurance claim involving a power disruption in 2022, of which $72 million was for business interruption and recognized in revenue.

Revenue by Technology

	Quarter ended				Nine months ended
	June 1, 2023		June 2, 2022		June 1, 2023		June 2, 2022
DRAM	$	2,672	$	6,271	$	8,223	$	17,577
NAND	1,013		2,288		3,001		6,123
Other (primarily NOR)	67		83		306		415
	$	3,752	$	8,642	$	11,530	$	24,115

See “Segment and Other Information” for disclosure of disaggregated revenue by market segment.