|
MICRON TECHNOLOGY, INC.
NOTES (Unaudited) (All tabular amounts in millions) |
Inventories
In 2023, we recorded charges of $1.83 billion to cost of goods sold to write down the carrying value of work in process and finished goods inventories to their estimated net realizable value (“NRV”). The impact of inventory NRV write-downs for each period reflects (1) inventory write-downs in that period, offset by (2) lower costs in that period on the sale of inventory written down in prior periods. The impacts of inventory NRV write-downs are summarized below:
| 3rd Qtr. | 2nd Qtr. | 3rd Qtr. | Nine months ended | |||||||||
|
May 30,
2024 |
February 29,
2024 |
June 1,
2023 |
May 30,
2024 |
June 1,
2023 | ||||||||
| Provision to write down inventory to NRV | $ | — | $ | — | $ | (401 | ) | $ | — | $ | (1,831 | ) |
| Lower costs from sale of inventory written down in prior periods | — | 382 | 281 | 987 | 281 | |||||||
| $ | — | $ | 382 | $ | (120 | ) | $ | 987 | $ | (1,550 | ) | |
Income Tax
