v3.25.2
Income Taxes (Tables)
 12 Months Ended
Aug. 28, 2025
Income Tax Disclosure [Abstract]  
Schedule of income (loss) before tax and other items
Our income tax (provision) benefit consisted of the following:
For the year ended202520242023
Income (loss) before income taxes and equity in net income (loss) of equity method investees
U.S.$686 $544 $235 
Foreign8,968 696 (5,893)
 $9,654 $1,240 $(5,658)
Income tax (provision) benefit
Current
U.S. federal$(275)$(82)$(5)
State(15)(1)(1)
Foreign(670)(333)(178)
 (960)(416)(184)
Deferred
U.S. federal(118)18 (84)
State— — — 
Foreign(46)(53)91 
(164)(35)7 
Income tax (provision) benefit$(1,124)$(451)$(177)
Schedule of components of income tax (provision) benefit
Our income tax (provision) benefit consisted of the following:
For the year ended202520242023
Income (loss) before income taxes and equity in net income (loss) of equity method investees
U.S.$686 $544 $235 
Foreign8,968 696 (5,893)
 $9,654 $1,240 $(5,658)
Income tax (provision) benefit
Current
U.S. federal$(275)$(82)$(5)
State(15)(1)(1)
Foreign(670)(333)(178)
 (960)(416)(184)
Deferred
U.S. federal(118)18 (84)
State— — — 
Foreign(46)(53)91 
(164)(35)7 
Income tax (provision) benefit$(1,124)$(451)$(177)
Schedule of effective income tax reconciliation
The table below reconciles our tax (provision) benefit based on the U.S. federal statutory rate to our effective rate:
For the year ended202520242023
U.S. federal income tax (provision) benefit at statutory rate
$(2,027)21.0 %$(260)21.0 %$1,188 21.0 %
U.S. tax on foreign operations(476)4.9 (7)0.6 6 0.1 
Change in valuation allowance36 (0.4)(59)4.8 (50)(0.9)
Change in unrecognized tax benefits(23)0.2 (41)3.3 (30)(0.5)
Foreign tax rate differential1,132 (11.7)(214)17.2 (1,285)(22.8)
Research and development tax credits208 (2.2)76 (6.1)43 0.8 
State taxes, net of federal benefit(7)0.1 12 (1.0)37 0.7 
Other33 (0.3)42 (3.4)(86)(1.5)
Income tax (provision) benefit$(1,124)11.6 %$(451)36.4 %$(177)(3.1)%
Schedule of deferred tax assets and liabilities Deferred tax assets and liabilities consist of the following:
As ofAugust 28,
2025		August 29,
2024
Deferred tax assets
Net operating loss and tax credit carryforwards$1,016 $1,050 
Accrued salaries, wages, and benefits203 182 
Operating lease liabilities192 175 
Inventories25 4 
Other37 59 
Gross deferred tax assets1,473 1,470 
Less valuation allowance(634)(593)
Deferred tax assets, net of valuation allowance839 877 
Deferred tax liabilities
Right-of-use assets(163)(152)
Property, plant, and equipment
(6)(194)
Other(106)(70)
Deferred tax liabilities(275)(416)
Net deferred tax assets$564 $461 
Reported as
Deferred tax assets$616 $520 
Deferred tax liabilities (included in other noncurrent liabilities)(52)(59)
Net deferred tax assets$564 $461 
Schedule of net operating loss carryforwards
As of August 28, 2025, our net operating loss carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Expiration
Singapore
Malaysia
State
Japan
Total
2026 - 2030$— $— $29 $— $29 
2031 - 2035— — 139 308 447 
2036 - 2040— — 192 — 192 
2041 - 2045— — 71 — 71 
Indefinite2,511 1,437 — — 3,948 
$2,511 $1,437 $431 $308 $4,687 
Schedule of tax credit carryforwards
As of August 28, 2025, our tax credit carryforward amounts and expiration periods, as reported to tax authorities, were as follows:
Year of Tax Credit ExpirationU.S. FederalState
Other
Total
2026 - 2030$— $72 $— $72 
2031 - 203536 145 — 181 
2036 - 2040— 141 40 181 
2041 - 2046— 6 — 6 
Indefinite— 159 — 159 
$36 $523 $40 $599 
Schedule of unrecognized tax benefits roll forward
Below is a reconciliation of the beginning and ending amount of our unrecognized tax benefits:
For the year ended202520242023
Beginning unrecognized tax benefits$716 $744 $731 
Increases related to tax positions from prior years11 2 2 
Increases related to prior year tax positions taken in current year
— 20 27 
Increases related to tax positions taken in current year55 54 17 
Decreases related to tax positions from prior years(8)(89)(33)
Decreases related to settlement with tax authorities
— (15)— 
Reductions due to lapsed statutes of limitations
(39)— — 
Ending unrecognized tax benefits$735 $716 $744